Assignment 1: Auditors and Regulatory Oversight Desislava Tabakova ACC 403 – Auditing I Professor Ashley Braun Harper November 2‚ 2014 “Olympus Scandal” The Olympus Corporation scandal is one of the biggest scandal’s to break. Olympus Corporation‚ the Japanese maker of cameras and medical imaging equipment is a huge corporation that lasted over two decades. 1- Analyze the audit report that the CPA firm issued. Ascertain the legal liability to third parties who relied on financial
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BUSINESS ACCOUNTING INDIVIDUAL ASSIGNMENT Question 1 Tycoon makes and sells 600 toy cars per month. Each toy car is sold for RM40 each. Tycoon is currently producing at 60% of its full capacity. At this level of output‚ the total costs are RM22‚000 of which RM10‚000 are fixed. Required: a) Calculate the followings: • contribution margin per unit and ratio • breakeven in sales units and in sales value • Sales value in RM required to achieve $18‚000 profit
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CHAPTER 12 MULTIPLE CHOICE QUESTIONS 26. The capital budget for the year is approved by a company’s a. board of directors. b. capital budgeting committee. c. officers. d. stockholders. 27. All of the following are involved in the capital budgeting evaluation process except a company’s a. board of directors. b. capital budgeting committee. c. officers. d. stockholders. 28. Most of the capital budgeting methods use a. accrual accounting numbers. b. cash flow
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Steve adams Spirit Chapter 16 Chapter 16 A1: A Slave Boy Learns a Lesson Slaveholders often would want the slaves to know the Bible but not read it. If he learns to read the Bible‚ it will forever unfit him to be a slave. A slave should know nothing but the will of his master‚ and learn to obey it. Learning will do him no good‚ but a great deal of harm. If you teach him how to read‚ he’ll want to know how to write‚ and this accomplished‚ he’ll be running away with himself. Slaveholders
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16 and Pregnant‚ A reflection on Society Amanda Big Mountain HUM/176 Amy Dallmann-Jones It is so frightening finding out that you are about to lose a lot of your freedoms and responsibility needs to kick in at the young age of 16. Teen pregnancy is an issue that has been in society for a very long time now. MTV has brought this issue to light by producing a television show called 16 and Pregnant. This show does not just allow viewers into the lives of these young girl’s lives to see how they
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ACC 497 Final Exam Copy this link to your browser and download http://www.finalexamguide.com/ACC-497-Final-Exam-336.htm 1) The uniform law‚ issued in 1984 by the Committee on Corporate Laws of the American Bar Association‚ that regulates the formation‚ operation‚ and termination of corporations is 2) Which of the following statements is true? 3) Which of the following statements is true? 4) What effect would a decrease in interest rates by the Federal Reserve most likely have
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Pella‚ the ancient capital of Macedonia he was the son of Philip II‚ king of Macedonia‚ and of Olympias‚ a princess of Epirus. After discussing his parents and their relationship‚ Hamilton talks about how Aristotle was Alexander’s tutor from age 13 to 16 and stimulated his interest in science‚ medicine‚ and philosophy. The book then talks about how well prepared Alexander was to take over the throne. Then‚ in the summer of 336 BC Philip was assassinated‚ and Alexander took over the Macedonian throne
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Individual Text Assignment Chapters 5‚ 6‚ and 7 Karen L. Spencer ACC/491 Contemporary Auditing I December 3‚ 2012 Kimberly Jordan‚ MBA Individual Text Assignment Chapters 5‚ 6‚ and 7 Chapter 5 Comprehensive Question 5-30 (Assertions) In planning the audit of a client’s financial statements‚ an auditor identified the following issues that need attention. Required Identify the assertion for items 1 through 11. 1. The allowance for doubtful accounts is fairly presented in amount
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ACC/349 Final Examination Study Guide This study guide prepares you for the Final Examination you complete in the last week of the course. It contains practice questions‚ which are related to each week’s objectives. Highlight the correct response‚ and then refer to the answer key at the end of this study guide to check your answers. Use each week’s questions as a self-test at the start of a new week to reflect on the previous week’s concepts. When you come across concepts that you are unfamiliar
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Controls for Inflows ACC/544 7/10/2013 Controls for Inflows Internal controls play an important role in the success of any organization. The following is a proposal for appropriate controls to cover cash‚ sales‚ accounts receivable‚ inventory‚ and production. Controls Justification Cash Safeguarding Cash Cash Receipts Reconciliation Segregations of Duties Accessing cash should be restricted and kept in a locked and safe compartment. Cash should be recorded immediately upon
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