De Leon‚ Mary Joy P. #10 January 7‚ 2014 BSA 3-14 ACCO 3116 Prof. Flora Briones Chapter 20 SUBSTANTIVE TESTS OF TRANSACTIONS AND BALANCES 1. What is a cutoff bank statement? How is it used by the auditor? Cut off bank statement is the statement of transactions occurred for the 7 to 14 consequent days from the closing date of financial statement like Dec 31 provided by banks. It is used by the auditors to check the accuracy of checks outstanding and deposits in transit in accounting
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“Accounting did not cause the recent corporate scandals‚ unreliable financial statements were the results of management decisions‚ fraudulent or otherwise”. (Lin & Wu‚ 2006‚ para. 5) Waste Management‚ HealthSouth‚ Enron‚ Satyam and Madoff are just a few names that come to my mind when I think of fraudulent accounting. Disguised loans‚ inflated income‚ improper accounting and misstated earnings‚ different words all describing the same thing‚ FRAUD. Fraud affects the company‚ the consumers
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ACCT2201 CORPORATE ACCOUNTING Tutorial 8 – Week beginning 5th of May REVIEW QUESTIONS Chapter 15 8. When are potential voting rights considered when deciding if one entity controls another? Potential voting rights are rights to obtain voting rights of an investee‚ such as within an option or convertible instrument. Potential voting rights are only considered if the rights are substantive ie practical or utilitarian. This depends on the terms and conditions associated with the options.
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CHAPTER 9 Mechanics of Options Markets Practice Questions Problem 9.8. A corporate treasurer is designing a hedging program involving foreign currency options. What are the pros and cons of using (a) the NASDAQ OMX and (b) the over-the-counter market for trading? The NASDAQ OMX offers options with standard strike prices and times to maturity. Options in the over-the-counter market have the advantage that they can be tailored to meet the precise needs of the treasurer. Their disadvantage
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CHAPTER 1 Auditing and Assurance Services LEARNING OBJECTIVES | | |Exercises and | | | |Problems | | |Review Checkpoints | | |
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Chapter 9‚ the last chapter of the novel‚ is used by Fitzgerald to create a sense of finality for the reader‚ suggesting ‘the party was over’. This chapter allows him to make his final comment on the unfulfilling nature of the American Dream‚ and the nature of the people that lived in the ‘Roaring Twenties’. The chapter is made for the obvious purpose of being the conclusion to the story. Rather than leave the ending ambiguous as many authors do‚ Fitzgerald wraps up the narrative decisively. This
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Chapter 9 Group Behavior Group- two or more individuals who have come together to achieve particular objectives Can be formal or informal Formal group- defined by organizational structure with assigned tasks Behaviors should engage in are stipulated by and directed toward organizational goals Informal Group- neither formally nor organizationally structured Are natural formations in the work environment that appear in response to the need for social contact Groups are further classified as command
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PROJECT DISCLAIMER This project report has been prepared by a team of postgraduate students of the Australian National University (ANU) in fulfilment of the assessment requirements of MKTG7035 Global Marketing‚ a course in the ANU College of Business and Economics in Semester 2‚ 2013. The report is the output of a learning exercise and does not constitute professional consultancy advice. The project has been supervised by Dr Vinh Lu (Lecturer/Course Convenor) in the ANU Research School of Management
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Chapter 9 – On the Imperfection of the Geographical Record Through chapter nine‚ Darwin again addresses some holes within his theory. In this chapter‚ he refutes claims that may arise that involve fossils and other geographical evidence. The claim states that‚ if Darwin’s theory were to be complete and true‚ that paleontologists should be able to find fossils depicting the advancement of a species throughout the ages. Moreover‚ they should be able to find links between one species and another through
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researcher has deviated from the traditional methods of data collection and has travelled wide and far for data collection‚ this has allowed the paper to develop a wider frame of reference and have a cross-sectional analysis across countries. The approach to the paper is ethnographic and real-life scenarios have been discussed to elicit the happenings in daily life. From the researcher’s point of view‚ the customer’s obvious needs are kept in accordance with their unspoken needs and wants. The method
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