ICC-Memo Apollo Date 10/14/12 Initials While working on some of the sales transactions 51 deviations were discovered. The majority 31 out of 51 were missing credit approval notations. Also 10 of these are still unpaid. This could indicate weak controls in the credit department which could leave the company with
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whether amounts aged current should be aged past due. b. Compare the current-year write-off experience to the prior-year allowance. c. Vouch cash receipts after the balance sheet date for collections on past-due accounts. d. Obtain financial statements or credit reports and discuss with the credit manager collections on large past-due accounts. e. Calculate an allowance estimate using prior relations of write-offs and sales‚ taking under consideration current economic events. Notes Receivable
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ICC-1 Apollo Shoes‚ Inc. Internal Control Questionnaire Sales Transaction Processing December 31‚ 2007 Objectives and Questions Yes‚ No‚ N/A Comments Environment: 1. Is the credit department independent of the sales department? Yes. Credit manager in Treasurer’s office 2. Are sales of the following types controlled by the same procedures described below? Sales to employees‚ COD sales‚ disposals of property‚ cash sales and scrap sales. No available information‚ apparently not applicable
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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 to Neutralizer‚ Mall-Wart‚ Run For Your Life Shoes‚ Paul Bunion Footwear‚ Sassy Shoes‚ and International Soccer Federation. We sent a negative confirmation to Tread. The ones that we sent a positive confirmation to‚ we were wondering about some discrepancies in the numbers and needed confirmation that payments were
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Purpose: The purpose of this memo is to discuss my knowledge of technical writing and past experiences. This memo will discuss my personal narrative in a summery and then be discussed after. The purpose of this is to also show my writing abilities for this class. Summary: I’ve had many experiences with technical writing. Although I still struggle with my writing abilities‚ I have improved in the past a tremendous amount because of the help of my English 101 professor. My experiences with technical
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Memo To: From: D.O Date: Re: Nonresident Alien Individuals (Research Assignment #1: Memo) Nonresident alien individuals‚ resident alien individuals‚ and citizens are taxed in three different ways. Nonresident alien individuals are no taxed on all earnings. For example‚ business done overseas must be reported and is taxable for resident alien individuals and citizens. The same cannot be said for nonresident alien individuals; they are simply taxed on business done in the U.S. An alien is
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you can easily access your email from anywhere and at anytime. • Internal/external – email can be used to communicate both internally and externally. • Cost effective • Documentation – provide extensive record for future reference. How to write an effective email message • Recognize e-mail’s lack of privacy and corporate ownership. • Avoid casual and unprofessional tone. • Consider your audience o Level of knowledge o Language o Technology needs • Identify yourself by name‚ affiliation
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Writing an Executive Memo Your strategy professors have asked the English faculty to cover the executive memo‚ which you will use in your strategic management class‚ for two reasons: * The ability to write a short‚ informative‚ well-written memo like this will serve you well in your future careers. * Writing a good memo is difficult and requires practice. Students in past strategic management classes have had trouble with the guidelines you’ll see in the following paragraph. Please read
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our understanding of the arrangement for our audit of the financial statements of Apollo Shoes‚ Inc. for the year ending December 31‚ 2011. We will audit the Company’s balance sheet at December 31‚ 2033‚ and the related statements of income‚ comprehensive income‚ stockholders’ equity‚ and cash flows for the year then ended‚ for the purpose of expressing an opinion on them. We will also audit whether Apollo Shoes‚ Inc. maintained effective internal control over financial reporting as of December
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HARVARD Management Update ARTICLE REPRINT No. U9711C How to Write a Memo or Report by Monci J.Williams Management HARVARD Update Harvard Management Update Subscriptions A NEWSLETTER F RO M H A RVA R D B U S I N E S S SCHOOL PUBLISHING Harvard Management Update Subscription Service PO Box 305 Shrub Oak‚ NY 10588-0305 Telephone: (800) 988-0886 Fax: (914) 962-1338 American Express‚ MasterCard‚ VISA accepted. Billing available. Harvard Management Update
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