8.21 (1) MA‚ I/P (2) FFR‚ O (3) FFR‚ I/P (4) MA‚ O (5) MA‚ R (6) FFR‚ I/P (7) FFR/ O (8) FFR‚ R (9) FFR‚ R (10) MA‚ I/P (11) MA‚ R (12) FFR‚ O 8.27 Fraud risk (a) Fraud risk factors ASA 240 - high degree of competition in the market - Domination by Rob Bigbucks (CEO&chairman) - Threatened employees with no pay rises - Significant portion of sales managers salaries are paid in bonuses - The industry is in a recession and it is starting to affect the company – Potentially leading
Premium Auditing Audit Internal control
Chapter 5 Accounting for Merchandising Operations Chapter Summary Merchandising Operations • A merchandising company is an enterprise that buys and sells goods to earn a profit. • Measuring net income for a merchandising company is the same as for a service company through matching of expenses with revenues. • In a merchandising company‚ the primary source of revenue is the sale of merchandise‚ which is called sales revenue or sales. • Expenses for merchandising
Premium Generally Accepted Accounting Principles Revenue Accounts receivable
[APC309 STRATEGIC MANAGEMENT ACCOUNTING Individual Assignment : Task a and Task b ] Table of Contents Part a 1.0 Introduction to performance management …………………………………………………………………………….2 2.0 EVA and ROI ……………………………………………………………………………………………………………………………2 3.0 Mangers orientation due to using EVA and ROI……………………………………………………………………….3 4.0 Overcoming the short term nature of EVA and ROI………………………………………………………………….4 5.0 Appendix…………………………………………………………………………………………………………………………………8 Part b 1.0 Introduction
Premium Economics Management accounting Net present value
Department of Accounting and Finance BA (Hons) Accounting BSc (Hons) International Finance BSc (Hons) Accounting and Finance Financial Accounting 2 (AAF005-2) Referral Assessment 1 Academic Year 2012-13 Miryam Ghoitom Student ID: 112368 Contents Page * Introduction and Background * Cash basis accounting * Accrual basis accounting * Financial reporting * Conclusions‚ recommendations‚ or implications for the future. * References * Introduction * Cash Accounting vs Accrual
Premium Generally Accepted Accounting Principles Income statement Business
and does not close at the end of the period and the balance sheet is carried forward into the next period. -capital is a permanent account. -the closing process zeroes out all revenues and expenses. -current assets will be used up or converted to cash within one year or the businesses operating cycle‚ whichever is the greater. -when a company is purchasing inventory‚ and pays early to take advantage of the purchase discount offered by the vendor‚ that amount is credited to the inventory account
Premium Revenue Generally Accepted Accounting Principles Income statement
YARMOUK UNIVERSITY FACULTY OF ECONOMICS AND ADMINISTRATION SCIENCES DEPARTMENT OF ACCOUNTING COURSE SYLLABUS FALL SEMESTER 2011/2012 COURSE: Title: ACC471— Accounting Information System Instructor:Dr. Iaad Sartawi Class Time: Section (1) – 8:00-9:00 Sunday‚ Tuesday‚ & Thursday. Section (2) – 10:00-11:00 Sunday‚ Tuesday‚ & Thursday. Section (3) – 8:00-9:30 Monday & Wednesday. Class Room: LAB 104A Office Hours: 11:00-12:00 Sunday‚ Tuesday‚ & Thursday. 9:30-10:30
Premium Relational model Classroom Information systems
Pensonic also established a mass production hub and international distribution network of electrical home mechanism and an international distribution network. The trademark “Pensonic” is registered in Malaysia and is targeted for eventual registration in over 20 countries. As an extension to the company’s structure‚ Pensonic has two subsidiary companies that respectively own “Cornell”‚ a brand from the USA and obtained the sole-distributorship in Malaysia for internationally renowned brands such as GE Appliances
Premium Balance sheet Accounts receivable Inventory
most important? Explain why. The four basic financial statements are the balance sheet‚ income statement‚ statement of retained earnings‚ and statement of cash flows. The balance sheet shows what it owes and owns. Income statement shows how the company did during a period of time both revenues and expenses. Statement of retained earnings indicates how much previous income was distributed to yourself and other business owners and what was kept for future growth. Statement of cash flows shows where
Premium Balance sheet Income statement Generally Accepted Accounting Principles
—Conceptual 21.Which of the following is not considered cash for financial reporting purposes? a.Petty cash funds and change funds b.Money orders‚ certified checks‚ and personal checks c.Coin‚ currency‚ and available funds d.Postdated checks and I.O.U. ’s 22.Which of the following is considered cash? a.Certificates of deposit (CDs) b.Money market checking accounts c.Money market savings certificates d.Postdated checks 23.Travel advances should be reported as a.supplies. b.cash because
Premium Balance sheet Accounts receivable Generally Accepted Accounting Principles
Inventory | $250‚000 | $350‚000 | The statements of financial position of Haika Inc. and Selina Co. on December 31‚ 20X6‚ were as follows: Statements of Financial Position at December 31‚ 20X6 | | Haika | Selina | Assets | | | | Cash and current receivables | $900‚000 | $400‚000 | | Temporary investments — HFT | | 1‚100‚000 | | Inventories | 1‚400‚000 | 200‚000 | | Property‚ plant and equipment (net) | 2‚100‚000 | 3‚500‚000 | | Investment in Selina (at cost) |
Premium Balance sheet Generally Accepted Accounting Principles Depreciation