decided to make an Automated Timekeeping System with payroll summary replacing their Punch card Clock. The system will be made via Visual Basic. The program will include a timekeeping system and payroll template that will be utilized whenever an employee would like to request for a vacation leave or would like to file a sick leave. It is a simple system for this growing company and the group hopes that the system will help them diminish payroll disputes and prevent tampering of punch cards.
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Introduction Self-regulated: the standards governing audits were established by members of the profession themselves Sarbanes-Oxley Acct of 2002 Created: Public Company Accounting Oversight Board (PCAOB) to provide external and independent oversight over the audits of public entities Responsible for registering public accounting firms‚ establishing standards for audit engagements‚ and inspecting the quality of audits conducted by public accounting firms ****Generally Accepted Auditing Standards
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receivable‚ payroll‚ and inventory systems for Kudler Fine Foods. Kudler would now like to see a proposed audit schedule for these systems. The team will distinguish between the types of audits that may use for each process. The team will also recommend the most appropriate audit for each process and explain how to conduct the audits. Identifying events that may prevent reliance on auditing through the computer will also be presented to Kudler for review (Apollo Group‚ 2009). Types of Audits
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Appendix 3 – Budgets and templates Master budget with profit projections Big Red Bicycle Pty Ltd Master Budget FY 2011/2012 FY Q1 Q2 Q3 Q4 REVENUE Commissions (2% sales) 60‚000 15‚000 15‚000 15‚000 15‚000 Direct wages fixed 200‚000 50‚000 50‚000 50‚000 50‚000 Sales 3‚000‚000 750‚000 750‚000 750‚000 750‚000 Cost of Goods Sold 400‚000 100‚000 100‚000 100‚000 100‚000 Gross Profit 2‚340‚000 585‚000 585‚000 585‚000 585‚000 EXPENSES General & Administrative Expenses Accounting
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Introduction This chapter present the introductory part of the study about accounting system in DMMA COLLEGE OF SOUTHERN PHILIPPINES. The purpose of this study is to ensure that the project will support the business requirement in accounting and improve better service to the employee in DMMA COLLEGE OF SOUTHERN PHILLIPINES. This study is conducted by Mary Ann Ivy Bautista‚ and Sheeneryl Lacay. We are proposing this study to the accounting department of DMMA COLLEGE OF SOUTHERN PHILIPPINES. Since the DMMA
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CHAPTER 11 Current Liabilities and Payroll Accounting ASSIGNMENT CLASSIFICATION TABLE Brief Exercises 1 A Problems 1A B Problems 1B Study Objectives 1. Explain a current liability‚ and identify the major types of current liabilities. 2. Describe the accounting for notes payable. 3. Explain the accounting for other current liabilities. 4. Explain the financial statement presentation and analysis of current liabilities. 5. Describe the accounting and disclosure requirements for contingent liabilities
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CHAPTER I: A. INTRODUCTION The GA&P TEC requested a system that will help them in their daily record. They request us to do a payroll system with time management for their company. They make a choice for time management because they only use time card and a bundy clock for their in and out. The scope of this investigation is define both the current and the future workflow needs of their department. Upon completion of the preliminary investigation: GA&P TEC will provide department with
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Accounting 3342 Group Test #1 Sept. 10‚ 2014 Problem 1 Below are selected transactions of Blackbird Ltd. for 2014: 1. On May 10‚ the company purchased goods from Jay Corp. for $60‚000‚ terms 2/10‚ n/30. Purchases and accounts payable are recorded at gross amounts. The invoice was paid on May 18. (Use the gross method.) 2. Assume the same information as in (1) above‚ except that the company uses the ‘net method’‚ and payment was made on May 25. 3. On June 1‚ the company purchased
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CHAPTER 20 Audit of Cash Balances Copyright 2003 Pearson Education Canada Inc. 20 - 1 What are the auditor’s primary concerns with regard to cash? Copyright 2003 Pearson Education Canada Inc. 20 - 2 What are the auditor’s primary concerns with regard to cash? - existence Copyright 2003 Pearson Education Canada Inc. 20 - 3 What are the auditor’s primary concerns with regard to cash? - existence - completeness Copyright 2003 Pearson Education Canada Inc
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1. The two biggest concerns relating to possible fraud for the motel part of the business are: a) The couple failing to record hotel guest stays in order to steal the cash paid. By not recording the hotel stay their cash reconciliations would be clear. b) The couple has no incentive help the motel perform at a profit since they are paid at salary. Since there is a high demand for their motel‚ service and quality could take a significant slip without losing too much money. The first control that
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