AUTOMATED ACCOUNTING Automated accounting is an approach to maintaining up-to-date accounting records with the use of accounting software. This software is often configured to allow for easy cross posting of receivable and payable‚ eliminating the need to enter multiple posting in order to keep accounting record in compliance with generally accepted accounting principles. Accounting as it exists today may be viewed as a system of assumptions‚ doctrines‚ tenets‚ and conventions‚ all encompassed
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prospective audit client and the factors that auditors commonly consider in making the acceptance decision. [2] To give students experience in computing and interpreting preliminary analytical procedures commonly used in obtaining an understanding of a prospective client during the client acceptance decision process. [3] To raise issues relating to auditor independence in the context of client acceptance‚ both in terms of financial interests and the provision of non-audit services.
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Auditing procedures: Five assertions: 1. Occurrence: Define: transactions and events that have been recorded have occurred and pertain to the entity. Explain: sales and purchases shown in the income statement belong to the company and are real‚ that is they actually took place. 2. Completeness: Define: all transactions and events that should have been recorded have been recorded. Explain: all the individual transactions making up the balances in the income statement are recorded; no sales
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Dealers Pg.8 Scope of the Report Pg.9 Audit Type Pg.9 Timing Pg.9 Personnel Pg.9 Audit Methodology Pg.10 Characteristic of the audit Pg.10 Marketing Environmental – Macro Pg.10 Marketing Environmental – Micro Pg.11 Marketing Strategy Audit Pg.11 Marketing Objectives Pg.11 Strategy Pg.11 Marketing Organisation Audit Pg.11 Formal Structure Pg.11 Functional
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WSEAS TRANSACTIONS on BUSINESS and ECONOMICS Elissaveta Gourova‚ Albena Antonova‚ Yanka Todorova Knowledge audit concepts‚ processes and practice ELISSAVETA GOUROVA Faculty of Mathematics and Informatics Sofia University 125‚ Tzarigradsko shosse Blvd.‚ bl. 2‚ Sofia BULGARIA elis@fmi.uni-sofia.bg http://www.fmi.uni-sofia.bg ALBENA ANTONOVA Centre for Information Society Technologies Sofia University 125‚ Tzarigradsko shosse Blvd. bl. 2 fl. 3 BULGARIA a_antonova@fmi.uni-sofia.bg http://www-it
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Management Discussion & Analysis‚ Omantel‚ www.omantel.om/.../Annual%20Report/2011/OT_Y‚ retrieved on 10th April2012. - Watts‚ G.‚ Cope‚ J.‚ and Hulme‚ M. (1998) Ansoff’s Matrix‚ pain and gain‚ International Journal of Entrepreneurial Behaviour and Research‚ Vol. 4 (2)‚ pp101 – 111.
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Semester 3 MU0013–HR Audit-4 Credits (Book ID: B1735) Assignment (60 Marks) Note: Answers for 10 marks questions should be approximately of 400 words. Each question is followed by evaluation scheme. Each Question carries 10 marks 6 X 10=60. Q1. Define Human Resource (HR) Audit. Explain the need for HR Audit. What are the benefits of HR Audit? Answer. It is mechanism to review the current HR policies‚ practices and systems to ensure that they fulfill the rules and regulations. The audit also helps in identifying
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What is a Strategic Audit? A strategic audit provides managers with the tools‚ information and commitment to evaluate the degree of advantage and focus provided by their current strategies. It produces the data needed to determine whether a change in strategy is necessary and exactly what changes should be made. The two major elements of a strategic audit are the external and internal environmental assessments. A strategic audit involves assessing the actual direction of a business and comparing
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Chapter 5— Systems Development and Program Change Activities TRUE/FALSE 1. The objective of systems planning is to link systems projects to the strategic objectives of the firm. ANS: T PTS: 1 2. The Systems Development Life Cycle (SDLC) concept applies to specific applications and not to strategic systems planning. ANS: F PTS: 1 3. An accountant’s responsibility in the SDLC is to ensure that the system applies proper accounting conventions and rules and possesses adequate control. ANS:
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a number of years. Ownership and Organisational Structure The following organisational chart illustrates the structuring of management and authority at Farmwise. Figure 1.1 Farmwise is a private company with an internal board of directors that determine the long-term strategic decisions of the company. Daily board meetings help the
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