Burlington Bees[1] Using Analytical Procedures as Substantive Tests OBJECTIVES Use analytical procedures to develop expectations for revenue accounts Recognize factors that lead to precise expectations of account balances Appreciate the degree of professional judgment involved in evaluating differences between expected and reported account balances Understand the audit planning implications of using analytical procedures as substantive tests of account balances Burlington Bees‚ an independent
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and making friends help the students learn faster. MCC offers dozens of clubs that are ran by the our dedicated teachers. Some clubs stand out more than others because of what they offer. Lady Bees is one of these clubs that feature many interesting activities to keep the students buzzy. The club Lady Bees is made for teenage girls and is ran by many female teachers. The activities are determined by the members who attend the club. The central responsibility the teachers have is to organize the
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Regina for the period 1986 to 1988. Also‚ compute key liquidity‚ solvency‚ activity‚ and profitability ratios for the years 1987 and 1988. Given these data‚ identify what you believe were the high-risk financial statement line items for the 1988 Regina audit. I computed the ratios for 1986 as well as the required 1987 and 1988. The most interesting occurrence is how the values for the growth were not translated in the ratios. As sales increased‚ cost of goods sold decreased. This would indicate that
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BuyGasCo Corporation: The Use of Alternative Costing Methods in a Predatory Pricing Lawsuit 1 BACKGROUND2 BuyGasCo Corporation (BuyGasCo) is a major national chain of retail motor fuel (gasoline) service centers. This privately held company is very successful and has been in existence for 35 years. The service centers‚ owned and operated by BuyGasCo‚ are straightforward and typical of those in the industry. The main function of these service centers is to sell gasoline. The company sells three types
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The Vanishing Bees Kimberly McNeilus Jill Morstad College Writing II May 2‚ 2012 Bees are an intricate part of today’s society in the form helping to produce foods and also their contribution as insects play a valuable part in nature. There is a place‚ a southern village of Sichuan‚ China where bees no longer exist. Farmers meet every April with bamboo sticks and chicken feathers to begin pollination of their crops. This long and labor-intensive process the farmers endure is due to the lack
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20‚ No. 2‚ 203– 222‚ April 2011 Adding Value to Audit Education through ‘Living’ Cases JULIE DRAKE University of Huddersfield‚ UK Received: November 2009 Revised: July 2010 Accepted: September 2010 ABSTRACT This paper seeks to address the perceived failure of university teaching to foster critical understanding of audit practice and to identify a potential remedy. It contributes to the debate (Maltby‚ 2001‚ “Second thoughts about ‘Cases in Auditing’‚” Accounting Education: an international
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surface of the globe‚ then man would have only four years of life left. No more bees‚ no more pollination‚ no more plants‚ no more animals‚ no more man‚” Albert Einstein once stated(goodreads). Bees have been a critical aspect of all premise of nature. They have flourished for millions of years and have survived as servants of nature. Humans have continuously relied on the natural life processes of bees. The honey bees are a keystone species within the biosphere because their unique abilities balances
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BURT’S BEES’ CASE STUDY ANALYSIS REPORT Introduction Burt’s Bees’ is an “Earth Friendly” Natural personal care company‚ which creates natural personal care products. The company was originated by Roaxanne Quimby and Shavitz in 1984. Shavitz was beekeeper and then Quimby and Shavitz teamed up and formed the Burt’s Bees’. They started making and selling candles from bees wax. At the very first craft fair they sold $200 worth and by the end of the first year sales climbed
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456 Chapter Eleven Appendix 11B Illustrative Audit Case: Keystone Computers & Networks‚ Inc. Part III: Substantive Tests—Accounts Receivable and Revenue This part of the audit case illustrates the manner in which the auditors design substantive tests of balances. The substantive tests are illustrated for two accounts—receivables and revenue. This aspect of the audit is illustrated with the following audit documentation: • ABC’s risk assessment working paper that combines the auditors’ assessments
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by hybridization from African honeybees naturalized in the western hemisphere. Because they are highly defensive and will attack perceived intruders more readily than the common European honeybee‚ they are also known by the popular name of "killer bees." Brazilian scientists imported African honeybee queens in the 1950’s in order to breed a honeybee for use in tropical climates. Some swarms escaped into the wild. Because they were highly adapted for tropical survival and had no natural competitors
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