Design/Methodology: The study employed trend and econometric analyses using an unbalanced panel data of 11 Ghanaian oil marketing firms form 2001 to 2008. For the econometric analysis‚ the study adopted the number of days inventory‚ number of day accounts receivable‚ number of days accounts
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standards. Confirmations show existence and valuation of accounts and notes receivable. The positive confirmations are used to ask the customer to respond whether the balance is correct or incorrect. The negative confirmations ask for a response only if something is wrong with the balance. If no response is received‚ it is considered evidence that the account is stated fairly. With the positive confirmations‚ we are trying to find information on account balances or specific invoices. We sent positive confirmations
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Business Plan Gary Reeves Studio Upholstery 6810 W. Cheyenne Las Vegas Nevada‚ 89108 (702)-380-8468 office Table of Contents Table of Contents 2 Executive Summary General Company Description 4 Products and Services 7 Marketing Plan 8 Operational Plan 15 Management and Organization 20 Personal Financial Statement
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Plains is a very efficient easy to use accounting software. It allows you to do all functions of accounting‚ from preparing journal entries to adjusting financial statements‚ everything is at a click of a button. It maintains vendor records‚ accounts payables‚ invoices‚ bills‚ everything an accountant needs to operate effectively. For example‚ I have become very familiar with the sales ledger
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insurance carrier‚ the company Conclusion #1 The company has sold its accounts receivable to a nonconsolidated multi-seller securitization vehicle. In return‚ the company received cash and beneficial interest to reduce its own bank debt. During the year‚ $11 million of receivables were sold. How is this transaction treated in the cash flow statement? In addition‚ is there a timing issue? Issue #2 The company has sold its accounts receivable to a nonconsolidated multi-seller securitization vehicle
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Case 3.1 1. What alternatives are available to Brent in regards to the audit of payables? What are the pros and cons of each alternative? a. One alternative that Brent go do is ask the accountant from Northwest Steel Producers to pull the needed invoices and have them ready in a reasonable time period for review. By doing this it would save Brent time from searching for specific invoices and leave him more time to focus on other audit issues. b. Brent could do as subjected and only
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activity had clearly taken place. If it was not for the internal audit conducted by the ABC company‚ Hank Duckworth would probably still be getting away embezzlement. The clues that led up to Hanks demise was that Jane discovered that some of the accounts payable checks lacked complete endorsement by the payees. When Jane dug a little deeper she found five more checks made out to different people but all of the endorsement’s had the same handwriting. This also looks suspicious but as Gus told Jane‚ “They
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Audit Objectives and Scope The review focused on the effectiveness and adequacy of the controls surrounding the month-end closing process. Specifically‚ I reviewed processes and procedures related to reporting of fixed assets‚ accounts receivable‚ accounts payable‚ payroll‚ tax and general ledger. The objectives of this review are as follows: • Understand the processes and procedures surrounding the management of closing process; • Identify key risks inherent within the processes and procedures
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3 Methodology 3.1 This report has been written using information gathered from the accounts staff at Chic Paints Ltd. A brief overview about each accounts employee‚ an overview of the accounting system and a list of events that have occurred over the past six months can be found in the company diary. 3.2 A SWOT Analysis of Chic Paints Ltd has been produced to find out any strengths‚ weaknesses‚ opportunities and threats to Chic Paints Ltd. The SWOT Analysis can be found in Appendix 1. 3.3 A
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| | |Job Profile : Looking after the overall accounts work of the College & reporting it to CEO/ The Director of the | | |College. | | |Maintenance of Various ledger accounts. | |
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