What is internal control? It is the organisational plan and all the related measures that an entity adopts to: * safeguard assets * encourage adherence to company policies * promote operational efficiency * ensure accurate and reliable accounting records. It is either an administrative control or an accounting control Characteristics of an effective internal control system include: * Competent‚ reliable‚ and ethical personnel * Assignment of responsibilities * Proper
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2-1 BU8101 Accounting: A User Perspective Lecture 2 The Accounting Cycle Wednesday‚ 17 August 2011 Mrs. Ho Yin Kheng S3-01C-88 Nanyang Business School Nanyang Technological University Email: yklau@ntu.edu.sg Tel: 67905694 2-2 LO 2 Lecture Outline 1. Analyzing Business Transactions 2. Recording Process a. b. c. d. e. f. The Source Document The journal The accounts Debit and Credit rule Recording process illustrated Unadjusted trial balance 3. Adjusting entries
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6) Si and Ge both have negative temperature coefficients. 7) The amount of energy that is converted to heat at a silicon p-n junction can be a significant design consideration. 8) A normalized value has a reference magnitude of one. 9) The reverse breakdown voltage of an LED is typically less than 12 V. 10) The amount of photon energy emitted at the p-n junction of a silicon diode is negligible. 11) The characteristic of an ideal diode are those of a switch that can conduct
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were tedious and difficult. Nowadays‚ the prominent invention of park assisters allow drivers to feasibly park their vehicles in parallel or perpendicular parking spaces In the picture - the park assist device guides the vehicle into it’s starting #9 – REARVIEW CAMERA Rearview camera - a camera that works with the navigation system to provide a wide-open shot of what’s happening behind you to help with parking or hooking up a trailer Rearview cameras were designed to provide assurance to tentative
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OTTAWA UNIVERSITY FINANCE ADMINISTRATION POST-CLASS ASSIGNMENT MODULE 5 FAHRIAN C.H. CHOE STUDENT ID: 128370 MELAKA # 03 DUE: JULY 5‚ 2004 FINAL CASE IN FINANCIAL DECISION MAKING SUNBEAM CORPORATION AND CHAINSAW AL Prepared For Richard Brewington Instructor Ottawa University International Prepared by Fahrian C.H. Choe Student Ottawa University International June 30th‚ 2004 CONTENTS
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COURSE ACCOUNTING IA CODE CAC 1107 AIM The purpose of the course is to provide an understanding of the basic concepts and techniques of accounting and their application to business management. The course covers the accounting cycle and assumes no prior knowledge of accounting. The course is intended for those who will use accounting information as managers rather than those who will prepare it as accountants. In appreciation of the question of the semantic value of accounting information
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Accounting‚ or accountancy‚ is the measurement‚ processing and communication of financial information about economic entities. Accounting‚ which has been called the "language of business"‚ measures the results of an organization ’s economic activities and conveys this information to a variety of users including investors‚ creditors‚ management‚ and regulators. Practitioners of accounting are known as accountants. Accounting can be divided into several fields including financial accounting‚ management
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Leonel Antonio Fernández was born in Santo Domingo on December 26th‚ 1953‚ to José Antonio Fernández Collado and Yolanda Reyna Romero. Dr. Fernández went to public schools in New York City for the primary schooling of what would later on bloom into a brilliant professional career Upon his return to the country‚ he entered the Autonomous University of Santo Domingo (UASD)‚ establishing his domicile in the residential sector of Villa Juana‚ where he spent the first years of his youth. At the
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Article Analysis From Enron to Tyco‚ accounting scandals have always been a worrisome issue in accounting. Regardless of how many internal controls there are‚ there will always be a chance for unethical practices in accounting. Where and when do these problems arise? This paper will analyze an article listing situations that lead to those unethical practices and behavior that lawmakers try to prevent. In his article “What Are the Causes of Ethical Lapses in Accounting‚” Jagg Xaxx writes that business
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* Germany 2 * Japan 2 Hofstede’s cultural dimensions 2 Accounting Practices predictions 3 Opacity Impacts on Business Investments 4 Limitations in Financial Reports‚ with respect to Ratios and Accounting Practices 4 Conclusion 5 Recommendations 5 Appendix 6 Appendix 1 – Development factors of UK‚ Germany and Japan 7 Appendix 2 – Hofsted’s social dimension model 9 Appendix 3 – Gray’s Accounting Values 9 Appendix 4 – Strength and Weaknesses of Hofstede’s Model 11 Appendix
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