An Internship Report On Chartered Accountant Firm TABLE OF CONTENTS CHAPTER # 1 Introduction Some what about Chartered Accountant Firm Organizational Structure Geographical list of CA firms in Pakistan CA firms abroad Chapter # 2 Institute of Chartered Accountants ofPakistan ( ICAP) Introduction Types of Chartered Accountants Role of ICAP Chapter # 3 Services Rendered by a CA Firm Auditing Taxation
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3 GOLDEN RULES OF ACCOUNTANCY (1) Debit What comes in & credit what goes out [Real Account] Real Accounts – All tangible assets like cash‚ car‚ furniture and intangible assets like goodwill‚ patents (2) Debit the Receiver & Credit the giver [Personal Account] Personal Accounts – Jose‚ cyndie or any other person or any company’s account in business (3) Debit all the Expenses and losses & Credit all the Incomes and gains. [Nominal Account] Nominal Accounts – All Income
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It is a 12 credit hour course with duration of 14 weeks. Students who have completed all the required courses (at least 114 credit hours) are eligible for this course. In the internship program‚ I was attached to a host organization Standard Chartered Grindlays Bank for 14 weeks. During this period I learned how the host organization works with the help of the internal supervisor. The internal supervisor assigned me on of the projects. Another project about the customer query frequency is assigned
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Communication is empowered in the era of Information and Technology. Today’s professionals are required not only to sharpen their communication skills but also Internet Skills. The traditional offices have been replaced by virtual offices or broadly speaking professionals are expected to perform their official assignments by remaining on-line 24X7 bases. The world of internet has thus revolutionized the information gathering process and opened ample opportunities for CA professionals. The
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ACC 340 Final Exam Guide To purchase this material click below link www.assignmentcloud.com/ACC-340/ACC-340-Final-Exam-Guide 1. The process by which a financial transaction is recorded so that its flow through the system can be followed is called: a) Financial shadowing b) Managerial trace technique c) Concatenation d) Audit trail 2. Justifying expenditures for new technologies is especially difficult because: a) You do not know how many jobs will be affected b) Expenses are often recurring and
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Alehandro is an accountant. He wants to set up his own accountancy business. He has a few customers arranged. His sister‚ Miranda‚ is a start-up business advisor in a local bank. She has offered to become his partner. She knows plenty of people who would use their business. She has already found rent-free premises for the office. Alehandro is not sure whether it would be better for him to set up as a sole trader‚ in partnership with his sister‚ or as a limited company. If Alehandro were to start
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1) Hahn Company uses the percentage of sales method for recording bad debts expense. For the year‚ cash sales are $300‚000 and credit sales are $1‚200‚000. Management estimates that 1% is the sales percentage to use. What adjusting entry will Hahn Company make to record the bad debts expense? Debit Bad Debt Expense $12‚000‚ Credit – Allowance for Doubtful Accounts $12‚000 2) Using the percentage of receivables method for recording bad debts expense‚ estimated uncollectible accounts are $15‚000
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CRITIQUING MONTHLY MEDICATION COMPLIANCE AUDIT TOOL This critique essay‚ will firstly‚ identify the chosen tool‚ examine what is good‚ bad‚ accurate and inaccurate and rational the chosen audit tool. Secondly‚ it aims to explore and demonstrate understanding of the relationship between clinical governance and audit and how‚ why this type of audit tool is implemented in my workplace. In addition to the second point‚ clinical governance and audit tool will be defined. Thirdly‚ the point will focus
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For nearly a century‚ Windes Accountancy Corporation‚ the largest and oldest accounting firm in Long Beach‚ has provided financial advising‚ management and consulting services for corporate and individual consumers. Managing Partner John DiCarlo discusses what sets the firm apart in offering top-notch services and solutions for today’s clients. By Daniel Coats‚ California Business Journal As John DiCarlo looks out the 22nd story windows of his firm’s Long Beach headquarters‚ he can see many of
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Careers & Personality Traits Essay As my first career that I personally like would be a Registered Nurse. On the paper as an option with the box that matches my personality‚ also has nursing on it as well. Even thou it just say nurse on it they are still both that same. I picked this career because my grandma is very sick with Lupus; I want to be able to help my grandma get better. If I can be one more doctor and find out what’s wrong or what disease people have that they don’t know about. If
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