Homework – Week 4 Desislava Tabakova ACC 403 – Auditing I Professor Ashley Braun Harper November 2‚ 2014 Chapter 7: Problems 7-29(a-g) and 7-33(a-b) Chapter 8: Problems 8-29(a-d) and 8-32(a-b) 7-29 A-G A- Recorded amount of entries in the acquisition journal 1- Documentation--consists of the client’s business documents used to support accounting events. The strength of documentation is that it is prevalent and available at a low cost. Documents can be internal or externally
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Economic Principle | Marketing Principle | Form Utility | | | | | | | | | | Utility is a term used by economists to describe the measurement of "useful-ness" that a consumer obtains from any good. Utility may measure how much one enjoys a movie‚ or the sense of security one gets from buying a deadbolt. The utility of any object or circumstance can be considered. Some examples include the utility from eating an apple‚ from living in a certain house‚ from voting for a specific candidate
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THE PARETO PRINCIPLE: ITS USE AND ABUSE Robert Sanders Vilfredo Pareto was a late nineteenth-century economist/sociologist who first noted and re- ported his observation that about 80 percent of wealth was concentrated in about 20 percent of a population. This is the basis for what we now call the Pareto Principle. J. M. Juran‚ one of the foremost practitioners of statistical quality control‚ claims credit for giving the Pareto principle its name. Juran’s Pareto Principle is sometimes known as
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Administration and Analysis‚ Accounting Manager‚ Administrative Assistant‚ Accounting Clerk‚ Treasurer‚ Financial Analyst‚ Information Technology Analyst‚ Manager of Human Resources‚ Director of R&D‚ Sales Manager‚ VP Operations and President. (6 points) | | CFO | | | | | | | | | Controller | | | Manager of | | Treasurer | | | | HR | | | Accounting | | | | Financial | Manager | | | | Analyst | | | | | | | Accounting | | | | | Clerk |
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ACC 490 Final Exam Copy this link to your browser and download http://www.finalexamguide.com/ACC-490-Final-Exam-2-163.htm 1. An audit that involves obtaining and evaluating evidence about the efficiency and effectiveness of an entity’s operating activities in relation to specified objectives is a(n): 2. When providing audit services‚ the CPA is expected to be: 3. Which one of the following services is often performed on public companies’ interim financial statements and nonpublic
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1. IntroductionPensonic Company Pensonic is one of the most successful trading companies in Penang‚ Malaysia that sells a wide variety of electrical appliances. In addition to its own brand “Pensonic”‚ the company also owns the German brand “Lebensstil Kollektion” and owns the sole-distribution rights for the Dutch brand “Princess” in Malaysia. Pensonic also established a mass production hub and international distribution network of electrical home mechanism and an international distribution network
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Week Two Exercise Assignment Revenue and Expenses 1. Recognition of concepts. Jim Armstrong operates a small company that books entertainers for theaters‚ parties‚ conventions‚ and so forth. The company’s fiscal year ends on June 30. Consider the following items and classify each as either (1) prepaid expense‚ (2) unearned revenue‚ (3) accrued expense‚ (4) accrued revenue‚ or (5) none of the foregoing. a. Interest owed on the company’s bank loan‚ to be paid in early July Prepaid expense
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Assignment: Cost Accounting Applied By Professor Bryan Womack Course Title ACC 350012VA016-1122-001 Cost Accounting February 26‚ 2012 Companies that are successful financially know what their costs are and how those costs are being spent. The company I have chosen wants to change from a general accounting system where costs are put in general categories and they currently do not have any allocation
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(a) Briefly explain what prompted some countries over the world to strongly advocate harmonization of accounting. The important reasons which necessitate harmonization of accounting practices are well contained in the observation made by Saudagaran. “While the initial efforts at harmonization were mainly championed by political bodies and professional accounting organizations‚ current pressures to harmonize are driven by investor groups who use financial statements‚ multinational companies which
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The 300 Kid The phrase "300 kid" might be very foreign to you and everybody around you. In contrast in the halls of a Juvenile court it’s a phrase that is heard to often."How could you blame him‚ he was a 300 kid". A "300 Kid" is one of those unintentionally dehumanizing verbal short hands so common in the juvenile system. So what is a "300 Kid" it’s a synonym for a foster child‚ dependent child‚ a beaten‚ battered‚ and abused child. In the juvenile system young reoffending offenders are looked
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