Draft Notes about the General Economic Conditions of Sheridan Av Ltd

(Information was obtained from interviews with the Managing Director and other staff and minutes of
directors’ meetings)

 Sheridan AV in in the high-end Audio Visual business.

 David informed Graeme of the massive increase of revenue within the year in which they almost
double their turnover compared to 2020, which have prompted suspicions of possible fraud on
Graeme's part.
 They’ve increased the number of companies who buy from them and also increased the volume
of trade with each company due to the visits that Emily has made to their premises during the
year.
 They have intention to expand and grow throughout Europe, with a focus of Spain.
 Hired and feature a professional football stars for their advertising campaign.
 Warehouse purchases P750,000 and loan required P450,000
 Draft revenue was stated to 5.4million as of December 31
 When it comes to management’s side of things, according to the documented minutes, there
are most often minor problems in the following two sessions.
 Their medium in recording and keeping their data are the Spread sheets and Microsoft only
which means that it is really not that adequate in order for them to be really sure that the data
they input were correct and precise.
 Economic values of a company must be constantly supervised to detect any impairments or
discrepancy.