REQUIRED: Draft the appropriate audit opinion given the following scenarios. Each situation is independent of the other situations. 1. Proli Footwear’s management refuses to accrue the accounts receivable loss related to the bankruptcy of Moccasins For All. 2. The bank is expected to withdraw its financing because: a. The Company has projections that indicate continued decrease in earnings and reduced revenues; OR b. The Company has violated certain loan covenants that the bank will not waive
Premium Balance sheet Generally Accepted Accounting Principles Accounts payable
assess my internship report. This report might be considered as the overall result of 1 months internship time. 1 months might not be long for me to get totally used to a new working environment ‚ however ; it’s can be said that I tried my utmost to take up what I learned in school. In other word ‚ this report summarize not only how I manifested my actual ability for 1 months practice in the secondary school but how much knowledgement I gained after 3 years in school as well. Besides‚ this report also
Premium Teacher Teaching Ho Chi Minh
AN INTERNSHIP REPORT CARRIED OUT AT LAKE VICTORIA HOTEL AND SPA LOCATED AT LWEZA-KIGO ROAD OFF ENTEBBE ROAD‚ KAMPALA‚ UGANDA. BY NAMUDDU CHRISTINE CAD/A/190/SEPT/2012 AN INTERNSHIP REPORT SUBMITTED IN TOTAL FULFILLMENT OF THE REQUIREMENT OF THE AWARD OF A DIPLOMA IN HOTEL AND INSTITUTIONAL CATERING OF YMCA COMPREHENSIVE INSTITUTE KAMPALA BRANCH NOVEMBER 2014 DECLARATION. I Namuddu Christine hereby declare that the information presented in this report is truly my original
Premium Sauce Hotel Soup
Managerial Accounting Vs Financial Accounting Management Accounting is used primarily by those WITHIN a company or organization. Reports can be generated for any period of time such as daily‚ weekly or monthly. Reports are considered to be "future looking" and have forecasting value to those within the company. Financial accounting is used primarily by those OUTSIDE of a company or organization. Financial reports are usually created for a set period of time‚ such as a fiscal year or period. Financial
Premium Management accounting Accountancy
Table of Contents The purpose of accounting 3 The objective of accounting 3 Important to the company 4 Accountant ’s integrity 5 Technologies impact on the accounting profession 5 Conclusion 6 Bibliography 7 Accounting for Non-Accounting Majors The purpose of accounting Is to gather and report financial evidence about the cash flow‚ performance‚ and financial position of that business. “Once this information has been entered into the accounting records‚ it is then made into a financial
Premium Balance sheet Income statement Generally Accepted Accounting Principles
Accounting Ethics Accounting ethics is primarily a field of professional ethics‚ the study of moral values and judgements which are applied to the accountancy. “Accounting ethics can be defined as a set of distinct guidelines for a business to maintain clean balance sheets‚ accounting for their profits‚ losses and expenses incurred and prevent it from mishandling financial reports and statements” (Buzzle 2011). The nature of the work carried out by accountants and auditors requires a high level
Premium Ethics Business ethics
Will there be one set of accounting standards in use throughout the world in the next five years? Accounting around the world has become a huge focus in recent years due to the diversity of methods used in accounting and the difficulty of comparing US based firms and international firms. In the United States the guidelines that govern accounting are US Generally Accepted Accounting Principles or GAAP. Recently the Securities Exchange Commission or SEC has begun the process of switching to the International
Premium
perceived. In an accounting context‚ the sustainability reporting has evolved into a kind of tool for an organization to show and present its Corporation Social Responsibility. Moreover‚ it is also the expectation for the business organization to operate in a sustainable way. In the recent researches‚ there are sufficient evidences show how important the sustainable development to the community? How the conventional accounting evolve into two breeds of accounting‚ which are social accounting and environment
Premium Sustainability
Accounting Regulation With the recent accounting discrepancies that have taken place in some of America’s largest and well known corporations greater importance is being placed on the creation and monitoring of financial reports. Some of these organizations which regulate how financial reports and compiled are private‚ given a charter by a federal agency‚ others were born from the creation of new laws and regulations‚ some are state agencies‚ and many more are private organizations made up of academics
Premium International Financial Reporting Standards Financial Accounting Standards Board Certified Public Accountant
Accounting Ethics Accounting Ethics‚ Second Edition. Ronald Duska‚ Brenda Shay Duska‚ and Julie Ragatz © 2011 John Wiley & Sons‚ Ltd. Published 2011 by John Wiley & Sons‚ Ltd. ISBN: 978-1-405-19613-0 Foundations of Business Ethics Series editors: W. Michael Hoffman and Robert E. Frederick Written by an assembly of the most distinguished figures in business ethics‚ the Foundations of Business Ethics series aims to explain and assess the fundamental issues that motivate interest in each of
Premium Ethics