Q1 - Internal Controls (lecture 3): 15 Marks. ------------------------------------------------- He said he will ask either a petty cash question or a bank reconciliation one but not both. The question will also probably test us on e-controls or cash control for cash receipts and cash payments. What is internal control? It is the organisational plan and all the related measures that an entity adopts to: * safeguard assets * encourage adherence to company policies * promote operational
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Chapter 1 Question 1-18 Consumers Union is a nonprofit organization that provides information and counsel on consumer goods and services. A major part of its function is testing of different brands of consumer products that are purchased on the open market and then the reporting of results of the tests in Consumer Reports‚ a monthly publication. Examples of the types of products it tests are middle-sized automobiles‚ residential dehumidifiers‚ flat-screen TVs‚ and boys’ jeans. a.) In what ways
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The first week lesson was focused on the historical development of the Advanced Practice Nursing (APN) role and evidence-based practice from the perspective of various philosophical and theoretical foundations. In which I have learned about various roles and responsibilities of APN. As the scope of practice for APN is vary from state‚ I have explored the role and scope of practice of Nurse Practitioner (NP) in Texas. The second week lesson was focused on the complexity theory and selected skills
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Reaves I pledge… 9/5/14 Pow #1 A Sticky Gum Problem This POW didn’t have a specific problem but it does have a few specific problems with gumballs. Question 1: Mrs. Hernandez comes across a gumball machine one day when she was out with her twins. Of course‚ the twins each wanted a gumball. They also insist on having the same color. They don’t care what color the gumballs are‚ as long as they’re both the same. Ms. Hernandez can see that there are only white and red gumballs in the machine. The
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8/2/2012 Objective of Lecture 2 CLASSIFICATION OF ACCOUNTS & ACCOUNTING EQUATION • By end of lecture 2‚ all students should be able to:(a) Understand the five categories of accounts and able to classify them into the respective categories (b) Understand the accounting equation and the relationship between assets‚ liabilities and owner’s equity. Classifications of accounts • • 1. 2. 3. 4. 5. An account is used to record all information regarding an item. The five major
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Chapter 3 Adjusting Accounts and Preparing Financial Statements QUESTIONS 1. The cash basis of accounting reports revenues when cash is received while the accrual basis reports revenues when they are earned. The cash basis reports expenses when cash is paid while the accrual basis reports expenses when they are incurred (and matched with revenues they generated). 2. The accrual basis of accounting generally provides a better indication of company performance and financial condition than
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To: Carminho Building Products Ltd From: Rodrigues Accounting Dear Sir/Madam‚ We are submitting herewith our report entitled UK Subsidiary Expansion. The main purpose of this report is to help Carminho Building Products Ltd decide the potential and suitable site for the formation of a public listed subsidiary. This report will include United Kingdom’s current financial reporting environment and other information that Carminho Building Products Ltd would need in order to make a sound decision
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CHAPTER 1 INTRODUCTION: Computer technology has been widely used in different fields‚ nowadays; computer is the main system that is being used from large and wide scale manufacturing up to small scale industries. The defining feature of modern computers which distinguishes them from all other machines is that they can be programmed. That is to say that some type of instructions (the program) can be given to the computer and it will process them. While some computers may have strange concepts
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Advanced Placement Microeconomics Instructor‚ Mrs. Peggy Pride Study Notes to accompany Economics Principles‚ Problems and Policies‚ 15th Ed. Campbell McConnell Stanley Brue AP MICROECONOMICS SEMESTER PLAN Instructor‚ Mrs. Peggy Pride TEXT: Economics‚ Principles‚ Problems and Policies‚ 15th Edition‚ McConnell and Brue Video: Econ U$A series with discussion Class Activities: APIP workbook activities‚ reinforcement and writing activities and other teacher-developed materials This semester-long
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NFA note Chapter 1 Government by statute or under not for profit corporation laws are governmental if they posses one more of the following chateristics: their officers are popularly elected or a controlling majority of their governing body is appointed or approved by governmental officals‚ they possess the power to enact and enforce a tax levy‚ they hold the power to directly issue debt whose interest is exempt from federal taxation‚ or they face the potential that a government might dissolve
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