Lecture 6 Receivables 1. Types of receivables (1)Accounts receivable: the amounts owed to the firm by customers on account from the sale of goods or services (2)Notes receivable: the amounts owing to the firm outside normal trade for which formal instruments of credit are issued evidencing the debt‚ and on which interest is generally payable (3) Other receivables include non-trade receivables such as interest receivable‚ loans‚ advances and GST receivable. 2. Accounting for A/R Accounts receivables
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Tammy Adams March 28‚ 2011 MAR Professor C. Dix Strategic Audit of Crowley Maritime Corporation Crowley Maritime Corporation is a U.S. owned and operated marine solutions‚ transportation and logistics company providing services in domestic and global markets through six operating lines of business: Latin America liner services; logistics; marine contract solutions; deep sea petroleum transportation; Puerto Rico/Caribbean liner services and petroleum transportation‚ distribution
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Verizon Wireless Project Plan Proj587 Professor Robert Kenmore Team A: Michael Armstead‚ Marcus Caruso‚ Regina Little‚ Hiten Patel‚ Antoine Stephenson 11/23/2014 Table of Contents Introduction Page 3 Verizon Strategic Capacity Plan Page 5 Project Selection Criteria
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CHAPTER 19 International Taxation in Canada Problem 1 (Basic) Andrew English has agreed to play professional soccer with the Toronto Metros of the Canadian Soccer League. Andrew lives in England and will be resident in Canada only for the five months of the soccer season. His three-year contract calls for an annual salary of $35‚000. At the time of signing this contract in England‚ the Metros gave Andrew a signing bonus of $25‚000. Andrew’s agent was paid $3‚000 to represent him in negotiating
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1. The 2011 MGB Internal Audit Plan included an audit of the Institute’s Argentina Office (ARGENTINA) in Argentina. 2. MGB established this office in May 1996 by execution of an Agreement with the Government of Argentina to establish a‚ Argentina Regional Office. The Agreement provided international and diplomatic status to this office. The mission of the office as set down in the Agreement was to: 1. Monitor MGB’s activities in Argentina; 2. Develop research programs with national
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AUDIT FAILURE OF WORLDCOM Group 1 Background • WorldCom‚ first named LDDS (Long Distance Discount Services)‚ grew largely by aggressively acquiring other telecommunications companies in 1990s. • For a time‚ it was the United State’s second largest long distance phone company (after AT&T). Background However‚ the year 2002 comes… • In March‚ the SEC began to investigate WorldCom as it reported large profit while AT&T reported loss. • In May‚ Arthur Anderson was replaced by KPMG
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ACCT3563 Issues in Financial Reporting & Analysis Semester 1 – 2010 Version 0.5.0 1st April 2010 Contents Page 3 Page 7 Page 12 Page 17 Page 20 Positive Accounting Theory Ethics in Accounting Accounting for Physical Assets & Intangible Assets Accounting for Assets in Mining & Agricultural Industries ounting Accounting for Provisions Copyright © Ka Hei Yeh 2010 Fifth Revision published April 2010 2010. This work is licensed under the Creative Commons Attribution Attribution-Non-CommercialNo
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Answer: separate and proportionate liability. Correct Answer: separate and proportionate liability. Question 3 In connection with the audit of financial statements‚ an independent auditor could be responsible for failure to detect a material fraud if: Answer Selected Answer: statistical sampling techniques were not used on the audit engagement. Correct
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are necessary purchases and consistent with the best interest of the company i.e. not for personal use. Refer to lecture note: Most companies have different levels of general authorisation depending on the type of purchases. Weakness Strength Audit procedure (To what‚ for what) Objective There are no proper procedures for authorisation. Purchase requisition does not need to be approved by authorised personnel. This may results to unauthorised and invalid company purchases i.e. for personal
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Consulting Project Plan - Executive Summary My name is Lisa. I am a consultant from Hexi Consultation Firm. My expertise lies in interpersonal‚ training‚ and sales consultations. I was brought in by Mr. Joseph Wilson‚ your CEO‚ to research what he believed to be the company problem‚ diagnose it‚ and come up with a solution. First‚ I want to let each and everyone one know that I am here to help. I am here to help not only find out what has gone wrong but to help those who this is affecting
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