Chapter I ORGANIZATIONAL BACKGROUND Business Profile Wheeltek Motor Sales Corporation is located at Lawaan‚ Roxas City. The company is using manual operation in storing the forms that Costumers fill up and brochure for the Costumer to choose the motorcycles they wanted. The Wheeltek Motor Sales Corporation sells only branded motorcycles such as Honda‚ Kawasaki‚ Suzuki and Yamaha. Those brands have different models. At present‚ the said company has 136 branches all over the Philippines. The main
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A RESEARCH REPORT ON “ The effectiveness of incentive reward and recognition increasing sales” Submitted in Partial Fulfillment for the Award of Degree of MASTER OF BUSINESS ADMINISTRATION Of Chhattisgarh Swami Vivekanand Technical University‚ Durg(C.G.) Session 2011-2013 Submitted by Vikas sahu MBA III Semester‚ 2012 Examination Roll No.- 5013611070 Enrollment No. AI6022 DEPARTMENT OF MANAGEMENT BHILAI INSTITUTE OF TECHNOLOGY (An ISO 9001:2000 Certified Institute)
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1) Coronel vs. CA ( 263 SCRA 15) ROMULO A. CORONEL‚ ALARICO A. CORONEL‚ ANNETTE A. CORONEL‚ ANNABELLE C. GONZALES (for herself and on behalf of Floraida C. Tupper‚ as attorney-in-fact)‚ CIELITO A. CORONEL‚ FLORAIDA A. ALMONTE‚ and CATALINA BALAIS MABANAG‚ petitioners‚ vs. THE COURT OF APPEALS‚ CONCEPCION D. ALCARAZ and RAMONA PATRICIA ALCARAZ‚ assisted by GLORIA F. NOEL as attorney-in-fact‚ respondents. The petition before us has its roots in a complaint for specific performance to compel herein
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Global Journal of Management and Business Research Accounting and Auditing Volume 13 Issue 3 Version 1.0 Year 2013 Type: Double Blind Peer Reviewed International Research Journal Publisher: Global Journals Inc. (USA) Online ISSN: 2249-4588 & Print ISSN: 0975-5853 Human Resource Accounting: Recognition and Disclosure of Accounting Methods & Techniques By Md. Amirul Islam‚ Md. Kamruzzaman & Md. Redwanuzzaman Business Administration Pabna Science & Technology University Abstract - HRA is the
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St. James Clothiers Evaluation of Manual and IT-Based Sales Accounting System Risks Copy Right: Anthony Butka Ralph Avallone Hong-Ming Yen Executive Summary Case Synopsis We meet Sally St. James of St. James Clothiers who has a retail clothing store in Tennesse. Sally has decided to abandon her manual sales entry system and convert to a more sophisticated IT-based application. As the audit engagement team we have been asked to review narratives of former years and then draft a narrative
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CASE 8-1: NORMAN CORPORATION 1. Answer: The transaction should be recognized based on the following points: i. ii. Conservatism concept stated that expenses should be recognized as soon as they are reasonably possible to occur. According to loss contingency‚ a liability is recognized when information available indicates that it is probable for a liability to occur and when the amount of loss can be reasonably estimated. Therefore‚ Norman should provide a provision for loss and recorded the transaction
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EXECUTIVE SUMMARY Revenue Recognition and Wareham SC Systems‚ Inc. Wareham SC Systems‚ Inc. is a capital equipment and testing instrument manufacturer and supplier comprised of three divisions: the Glendale Division‚ the Advanced Technology Division and the Technical Devices Division (Anthony‚ Hawkins‚ & Merchant‚ 2011‚ p. 137). In 1999‚ Somai Desai‚ the company’s chief financial officer‚ received news that the Security Exchange Commision (SEC) issued a new set of revenue recognition and reporting
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fall-out of Accounting Period concept. This concept requires that expenses incurred for a particular accounting period should be reckoned in the same period‚ irrespective of the fact whether these expenses have been paid in cash or not in that year. The same holds true for revenues‚ i.e.‚ revenues earned in a specific accounting period are construed as incomes of the same period‚ irrespective of their receipts. This concept is also known as the accrual theory of accounting or accrual accounting. This
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How SAB affects Wareham’s revenue recognition? Accordingly to SAB 101‚ all of the following conditions should be accomplished to recognize revenue. During our analyses‚ we have identified several missing conditions in current situation‚ accordingly to information provided. * Evidence of Order Arrangement: SAB 101 requires an evidence to identify any transaction as a formal sales order. During our analyses we have found that in the sales transactions tested by Soma Desai‚ only the Technology
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PPL Corporation v. Commissioner of Internal Revenue Business Income Tax‚ Northwestern Oklahoma State University ShaLyn Schaefer March 7‚ 2013 I chose this court case because the decision will have effects on many businesses in the United States who own foreign companies. A holding for the Commissioner of Internal Revenue may subject taxpayers in PPL’s position to double taxation. However‚ a holding for PPL threatens to undermine the consistency and uniformity of the U
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