I am a graduate student form Kelley Business School at Indiana University and setout working at your accounting department in Ling Clothing Company. During look through the financial statement‚ I find some of transactions and events have a few mistakes in your company‚ which conflict with accepted accounting theory and GAAP. There are some mistakes I will present: The company switched from FIFO to LIFO in accounting for inventory. The preceding year it had switched from the weighted-average method
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Date: 04/09/2013 To: Wendell Nekoranec From: Favio Suastegui Subject: Act on Facts‚ Not Faith Evidence-based management is important in making management decisions. The article emphasizes facts over “gut instinct” or opinion in making management decisions. Data and evidence provide a basis for which organizations can react to and assess situations. Evidence-based leadership is similar to a scorecard in which organizations can measure results. The purpose of gathering facts is to
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Laurent Bailey ACC 501 Module 1 Case May 9‚ 2015 Mr. Dixit To: Serious Reader Company From: Laurent Bailey‚ Sr. Accountant Date: May 4‚ 2015 Subject: Quarterly Review Serious Reader Company‚ I’ve attached our completed income statement to this email‚ but I also wanted to quickly discuss the outcome your results. Overall Result Over the past year you have sold 4300 books‚ which look great on the surface. However you have experienced a severe profit loss. From the
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“One small step for a man‚ one giant leap for mankind” These were the first words said on the moon by Apollo 11 astronaut Neil Armstrong. The Apollo program was a series of rocket launches by nasa to get us to our moon‚ starting with Apollo 1‚ and leading through to 13‚ in this essay‚ you will learn about 3 of the missions. To start‚ apollo 1 was the fateful beginning of the program. Three astronauts‚ Virgil Grissom‚ Edward white and Roger Chaffee were onboard doing a final preflight test. Under
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IFRS Illustrative financial statements October 2012 kpmg.com/ifrs 1 Contents What’s new 2 About this publication 3 Independent auditors’ report on consolidated financial statements 5 Consolidated financial statements 7 Consolidated statement of financial position 9 Consolidated statement of comprehensive income – single-statement approach 13 Consolidated statement of changes in equity 17 Consolidated statement of cash flows 21 Notes to
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Apollo Shoes Case Assignment Apollo Shoes Inc.‚ Anderson‚ Olds‚ and Watershed has enjoyed working with your company this year‚ and look forward for more to come. Enclosed are the item that your company has requested of us‚ while there are some improvements to be made‚ your staff has done a fantastic job in assisting us with our audit. We hope that we have assisted your company and answered any questions about improvements to be made. Team C Sales Internal Control Questionnaire for Apollo
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1970 Apollo 13 took flight to the moon. Fred Haise‚ Jack Swigert‚ and Jim Lovell were the three men who had the privilege to be the three astronauts that would man this flight to the moon. Days before the mission‚ the original main pilot‚ Ken Mattingly was exposed to the measles and was believed to have fallen ill‚ so back up pilot Jim Lovell was called in to replace him. Now that the crew had been assembled it was time for launch. Before the three men had taken on the challenge of Apollo 13 they
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Apogee "Not since Adam has any human known such solitude as Mike Collins is experiencing during this 47 minutes of each lunar revolution when he’s behind the Moon with no one to talk to except his tape recorder aboard Columbia." -Apollo 11 Mission Control On July 20th‚ 1969‚ at 13:46 UTC‚ the Apollo 11 Lunar Module "Eagle"‚ separates from its parent craft‚ the Command Module "Columbia"‚ and with two of our nations finest pilots- two astronauts- aboard begins its decent toward the lunar surface
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+0000 From: "Darlene Wardlaw" Subject: Understanding the Revenue Cycle Attachment: I’ve attached a Sales internal control questionnaire from another engagement that I think you can use for Apollo. You may want to talk to Karina Ramirez to get answers to the questions. 1. Complete the ICQ for Apollo. For “yes” answers‚ add a comment stating which department and clerk performs the function. For “no” answers‚ describe the possible “errors” or “frauds” that could occur because of the control
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Apollo 11 Mission The Apollo 11 mission was the first man mission to land on the Moon. The Apollo 11 team left Kennedy Space Center on July 16‚ 1969 at 13:32UTC. The mission’s team included Commander Neil Alden Armstrong‚ Commander Module Pilot Michael Collins and Lunar Module Pilot Edwin Eugene “Buzz” Aldrin Jr. After being in orbit for 72 hours‚ Armstrong and Aldrin climbed into the Lunar Module‚ named the Eagle‚ and prepared for their descent to the Lunar surface.
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