Week 2 Discussion Questions Chapters 6 & 8 1. Why is audit planning so important? What is the most important step in audit planning? Why is this step so important? Posted on wed 5/8/2013 Responded to one classmates on 5/08/2013 Auditing planning is important because it helps the auditor determine his/her approach to the audit. There are two considerations that affect the approach: 1). Sufficient appropriate evidence must be accumulated to meet the auditor’s professional
Premium Auditing Ethics Audit
Chapter 4 and 5 Problems Please complete the following 7 exercises below in either Excel or a word document (but must be single document). You must show your work where appropriate (leaving the calculations within Excel cells is acceptable). Save the document‚ and submit it in the appropriate week using the Assignment Submission button. Chapter 4 Exercise 3 3. Cost flows and overhead application Cleveland Metals uses a job cost system and applies factory overhead to production at a predetermined
Premium Variable cost Costs Fixed cost
Juvenile delinquency along with the punishments associated with it seems to be one of the touchier subjects in today’s society. When it comes to juveniles‚ there are a number of different things that lead them to commit crimes. Things like the level of crime in their community‚ the bond they have with their parents‚ and even their economic status all lead juveniles to crime. In order for communities to even start to deter crime among juveniles‚ they need to start implementing a number of sources
Premium Crime Criminology Juvenile delinquency
Running Header Personal Leadership Plan: Personal Leadership Plan University of Phoenix Axia College Nadia Baboram HSM-230 August 19‚ 2010 Leadership means vision‚ principle and‚ integrity. The definition is the power to motivate others through your words and deeds; this word also can be defined as the process of social influence in which a person can enlist the aid and support of the accomplishments of a task (Wikipedia‚ 2010). When an individual becomes a leader there are required
Premium Morality Leadership Ethical leadership
There are many different types of contraception available on the market today. Each type of contraception offers different advantages and disadvantages‚ and is not a one size fits all thing. Each person has different needs that need to be considered with choosing their birth control‚ and some people may choose to not be on any sort of birth control. Religion and differing views may also play a factor in choosing a type of birth control. Tina and Dan are a newly married couple who‚ prior to marriage
Premium Birth control Menstrual cycle Combined oral contraceptive pill
Accounting Team Project Naomi Konen and Chue Lee 8-2 a) Joan’s first mistake is not using control of cash receipts. She is having only one person go through the whole accounting controls process. There should be other people involved in this process including Joan herself. Joan must also realize the limitations of human controls. One person going through the entire process is bound to make a human error. b) Joan initially failed by trying to joke about her employee stealing. Stealing
Premium Management Ethics Audit
GASB Article Statement No. 49 Before diving directly into the article from the Governmental Accounting Standards Board (GASB) titled Governments to Report Liabilities Connected with Their Obligations to Clean Up Pollution (2006)‚ one must first take a step back and take time to read‚ comprehend‚ and take to heart exactly what this organization stands for. Taken directly from their main web page under the tab labeled Education‚ the first thing seen in big‚ bold‚ blue letters is‚ “Due Process: The
Premium Balance sheet Government Generally Accepted Accounting Principles
Checkpoint 1 Impacts of Unethical Behavior The company that I researched for unethical practices is Tyco International; the nature of the controversy was the fraud and scandals that Tyco international has gone through. In 1999 the SEC began to analyze Tyco’s accounting practices do to the company was standing in 28 million dollars in debt. They were able to pinpoint many areas that were not adding up with the amounts money was being taken and there was really no good explanation. They found out
Premium Dennis Kozlowski Corporate governance Tyco International
of ACC 421 Week 3 Individual Assignments Solutions A comprises: EXERCISE 4-6 (30–40 minutes) EXERCISE 4-6 (Continued) EXERCISE 4-16 (30–35 minutes) EXERCISE 4-16 (Continued) EXERCISE 18-4 (20–25 minutes) EXERCISE 18-4 (Continued) EXERCISE 18-5 (10–15 minutes) Business - Accounting ACC 421 All Week 3 Assignments – Individual Assignment Includes: ACC 421 Week 3 Learning Team Assignment with 3 part excel spreadsheet included ACC 421 Week 3 Individual
Premium College Higher education Associate's degree
Throughout this week I have learned a lot more about liabilities and how to identify the major types of current liabilities. I have learned previously about currently liability and this week really gave me a fresh reminder on the two key features: A company will the debt within one year or the operating cycle (for which ever is the longest)‚ also the company is responsible expects to pay the debt from existing current assets or though the creation of other current liabilities (as mentioned in Chapter
Premium Balance sheet Asset Generally Accepted Accounting Principles