King Fahd University of Petroleum and Minerals Department of Accounting & MIS ACCT 303 ACL Class Test Computer Control & Audit Time Allowed: 45 Minutes Semester: 052 Hands-on ACL Applications Name:_________________________ Sec: _________ Student ID#:____________ For this part of the test you will need the payroll (Payroll Transactions) and the empmast (Employee Master) Files located in the sample.acl available with the 2nd ACL assignment. 1. Open the Payroll (Payroll Trans file)
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Market Equilibrium Economics 561 Market Equilibrium McConnell‚ Brue‚ and Flynn (2009) define equilibrium price as‚ “the price where the intentions of buyers and sellers match” (p. 54)‚ and equilibrium quantity as‚ “the quantity demanded and quantity supplied at the equilibrium price in a competitive market” (p. 54). This information appears straight forward. Understanding
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Basic Accounting Equations Angela M. Hill-McBride ACC 205 Professor Ivory December 17‚ 2012 Basic Accounting Equations 1. Basic concepts. Jean’s Marine Supply specializes in the sale of boating equipment and accessories. Identify the items that follow as an asset (A)‚ liability (L)‚ revenue (R)‚ or expense (E) from the firm’s viewpoint. a. The inventory of boating supplies owned by the company. (A) b. Monthly rental charges paid for store space. (L) c. A loan owed to Citizens
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DQ#1 - What are some of the software suites and business application software packages that you have experience using? What are some of the features of the applications in those suites and packages? How is information generated in the individual programs stored? O’Brien and Marakas indicated that “the major uses of information systems for the operations‚ management‚ and competitive advantage of a business” (O ’Brien & Marakas‚ 2008‚ p. 8). The software suite that I use on a daily bases and that
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Market Equilibrium Process Nefertiti McDonald Eco 561 Professor Somerset Introduction In today’s economic culture‚ there is currently a huge significance in being able to analyze or understand the state of the economy to which we live in. Being that I spend money in today’s market I would like to think that the economic market is stable enough to return back to me in one form or another. One could always tell when a market is at its weakest of points. There are grave numbers of job loss or retention
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the difference between two contribution margin is 275.000$. PROBLEM 26-2 : Vulcan Swimsuit Company Fixed costs = 861.840$ x 35% x 1/3 = 100.548$ 861.840 - 100.548 = 761.292$ Contribution Margin = 950.760$ - 761.292$ = 189.468$ ** According to the analysis‚ the contribution margin is 189.468$. The line should not be dropped because this is the contribution to fixed cost and profits. PROBLEM 26-3 : George Jack’s Company a. 5000-unit custom order calculations 1) The differential cost of the order Material
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References: What have IASB and FASB convergence efforts achieved?. (2013). Retrieved from http://www.journalofaccountancy.com/Issues/2013/Feb/20126984.htm Schroeder‚ R. G.‚ Clark‚ M. W.‚ & Cathey‚ J. M. (2011). Financial Accounting Theory and Analysis (10th ed.). Hoboken‚ New Jersey: John Wiley & Sons‚ Inc.. FASB Project Update. (n.d.). Retrieved from http://1. http://www.fasb.org/jsp/FASB/FASBContent_C/ProjectUpdatePage&cid=900000011123 Convergence between IFRSs and US GAAP. (n.d.). Retrieved
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FACULTY OF BUSINESS ACC100 ACCOUNTING 1 Sample examination TIME: 9.20 - 12.30 Hours WRITING TIME: Three (3) hours READING TIME: Ten (10) minutes MATERIALS SUPPLIED BY UNIVERSITY: Answer Booklets (4 x 6 page) General Purpose Answer Sheet GPAS-200R MATERIALS PERMITTED IN EXAMINATION: Writing implements‚ including a 2B pencil and an eraser Battery operated‚ hand held‚ no print facility calculator NUMBER OF QUESTIONS: Part A: Thirty Part B: Four (30) multiple choice (4) questions INSTRUCTIONS
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Running Head: Business Research Method Business Research Method: Selecting Right Types of Survey for Different Scenario Writer’s Name Course Name‚ Semester No‚ Class Level Supervisor Name January 31‚ 2010 Survey A survey of the residents of a new subdivision on why they happened to select that area in which to live. You also wish to secure some information about what they like and do not like about life in the subdivision. Telephone survey is supposed to be the best method
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Comparing IFRS to GAAP ACC/ 291 11/3/2014 Lori Haines Comparing IFRS to GAAP GAAP Revenue Recognition GAAP rules for recognition are detailed regarding specific industries‚ such as real estate and software. It uses the "complete contract method" and has special rules for rendering software services. Organizations can recognize revenue from the sale of goods made delivery from a definitive agreement for a fixed fee that they are reasonably sure they will collect. Under GAAP‚ companies must wait until
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