ACC 521-011 Example of Auditing Final Exam INSTRUCTIONS: 1. This exam consists of 6 questions‚ on 11 pages. Please answer questions #1. to #5. in the separate EXAM ANSWER BOOK‚ and answer Question #6 - Multiple Choice with explanations - in this book. 2. The time available is 3.0 hours. 3. The exam is worth 50% of your overall course grade. 4. Write your name & student number on the front of the test. 5. This is a closed book test. The only aid that may be used one of the calculator
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INSTRUCTIONS SHEET 1. Please read the exam instructions and question paper carefully and write your answers in the examination answer booklet. 2. Answer all the short answer questions in Part A. Part A is worth 30 marks. 3. Answer two (2) questions from part B‚ out of the choices provided. Part B is worth 30 marks. 4. Write clearly‚ use headings and subheadings where appropriate‚ draw neat graphs and provide clear explanations. Good luck with the examination. PART A
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to‚ and information for‚ candidates Students are required to attempt ONE question from each Section. Plus ONE other question from either Section THREE questions in total. All questions carry equal marks. Time allowed – 3 hours. Seen CLOSED book exam. Students may not submit any pre-prepared material‚ with the exception of references and / or bibliographies. PLEASE TURN OVER Sheet 2 of 6 Code ACFI5006 SECTION A Question One Wickramasinghe and Alawattage (2007) consider the mechanistic
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October 4‚ 2013 Leadership Midterm Exam – Organizational Success I believe the quote “organizational success relies on passion from leadership rather than on coercion from authority” quote in regards to the Evergreen State University case study does not present a complete picture of effective managerial leadership. Although the case study does not explicitly state whether or not Mr. Robert Tips is passionate about Evergreen State University or the Procurement Department as a whole‚ I believe the
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November 2013 Re: CB Field Asset Review Well Exercise I have now posted nine “CB Field Asset Review Well” data packages on the “Course Documents” page of the PTE-461 website. You and your team will work on the well drawn‚ following the second hour exam. Each data package is identified on the data package folder title. Each data package contains: 1. LAS format log data file(s) 2. Wireline/LWD Log Header and Footer images 3. Directional Survey Summary Reports (deviated wells only)
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EXAM COVER SHEET 1. EXAMINATION DETAILS Course Code ACCT1063 Course Description Management Accounting and Business Date of exam Wednesday‚ 6 November 2013 Start and end time of exam 8.45am -11.00am Duration of exam including reading time 2 hrs 15 mins Total number of pages (incl. this cover sheet) 7 Pages INSTRUCTIONS TO CANDIDATES 1 Write your full name and student number on each examination booklet together with the number of examination books used. Students must
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THE PARMALAT SCANDAL The Parmalat situation started out as a fairly standard – although sizeable –accounting fraud. Not even the best auditors could prepare for what was to come from this company. The Parmalat group‚ a world leader in the dairy food business‚ collapsed and entered bankruptcy protection in December 2003 after acknowledging massive holes in its financial statements. This happened when billions of euros seem to have gone missing from the company’s accounts. This dramatic collapse
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Evaluating a Company’s Budget Procedures Springfield Corporation operates on a calendar-year basis. It begins the annual budgeting process in late August‚ when the president establishes targets for the total dollar sales and the net income before taxes for the next year. The sales target is given to the Marketing Department‚ where the marketing manager formulates a sales budget by product line in both units and dollars. From this budget‚ sales quotas by product line in units and dollars
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NPV A Item Years "Amt of Cash Flow" "20% FACTOR" "PV of Cash Flows" Annual Cost Savings 1 - 7 80000 3.605 288400 Initial Investment NOW -300000 1 -300000 Salvage Value 7 20000 0.279 5580 Net Present Value -6020 NPV B Item Years "Amt of Cash Flow" "20% FACTOR" "PV of Cash Flows" Annual Cost Savings 1 - 7 60000 3.605 216300 Initial Investment NOW -300000 1 -300000 Working Capital Released 7 300000 0.279 83700 Net Present Value 0 NPV A
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Tom Emory and Jim Morris strolled back to their plant from the administrative offices of the Ferguson & Son Mfg. Company. Tom is the manger of the machine shop in the company’s factory. Jim is the manager of the equipment maintenance department. The men had just attended the monthly performance evaluation meeting for plant department heads. These meetings had been held on the third Tuesday of each month since Robert Ferguson‚ Jr.‚ the president’s son‚ had become the plant manager a year earlier.
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