CHAPTER 7 CONTROL AND ACCOUNTING INFORMATION SYSTEMS SUGGESTED ANSWERS TO DISCUSSION QUESTIONS 7.1 Answer the following questions about the audit of Springer’s Lumber & Supply a. What deficiencies existed in the internal environment at Springer’s? The "internal environment" refers to the tone or culture of a company and helps determine how risk consciousness employees are. It is the foundation for all other ERM components‚ providing discipline and structure. It is essentially the same
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E1 People who have a special need disability means that they have a physical or mental impairment that has a long term effects on their ability to do the normal and same things as other people. There are a number of ‘models’ of disability which have been defined over the last few years. The two most frequently mentioned are the ‘social’ and the ‘medical’ models of disability. Medical Model of disability looks at disabled people as a problem. For example if a child couldn’t get into the setting
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Candidate Name…Shelley Daly…………………………. Reg. No.:…………. ………. Use this form to record details of activities (tick as appropriate) Observed by your assessor Oral questions Seen by an expert witness written questions Seen by witness Candidate statement Self reflective account Observation of work products CU311 1.1 1.2
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CYPOP 14 1.1 Identify the different relationships children and young people may have. Parents Siblings Extended family Friends Healthcare providers (e.g doctor/dentist) Social workers Teachers Childminders Carers Neighbours 1.2 Explain the importance of positive relationships for development and wellbeing. Positive relationships with children and young people are important because if the child feels comfortable around the carer they can separate more easily from their parents
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Business (UKM-GSB-LHDN) Cost Classification: Government Agency PROBLEM 2-56 The Department of Natural Resources is responsible for maintaining the state’s parks and forest lands‚ stocking the lakes and rivers with fish‚ and generally overseeing the protection of the environment. Several cost incurred by the agency are listed below. For each cost‚ indicate which of the following classifications best describe the cost. More than one classification may apply to the same cost item. The Answers
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The basic principles of an accounting information system include all of the following except | | | Student Answer: | | cost effectiveness. (Cost effectiveness is one of the basic principles of accounting information systems.) | | | | flexibility. (Flexibility is one of the basic principles of accounting information systems.) | | | | useful output. (Useful output is one of the basic principles of accounting information systems.) | | | | periodicity. (Correct! Periodicity
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11 Allocation of Joint Costs and Accounting for By-Product/Scrap Objectives After completing this chapter‚ you should be able to answer the following questions: LO.1 LO.2 LO.3 LO.4 LO.5 How are the outputs of a joint process classified? What management decisions must be made before beginning a joint process? How is the joint cost of production allocated to joint products? How are by-product and scrap accounted for? How should not-for-profit organizations account for the cost of a joint activity?
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have done above is a “full-cost” analysis. This is in contrast to a “direct-cost” analysis that ignores overhead costs. Is full cost the right metric for job profitability and customer profitability? What assumptions are we making about the variability of overhead costs when we do a “full-cost” analysis? By allocating the overhead costs to jobs and customers there is an implicit assumption that these are variable with the cost driver. In reality‚ some of the overhead costs are fixed‚ at least in the
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AGDA Practice Note Written Proposal Template Written Proposals We advise our members to always provide written proposals to your clients. While writing a proposal may seem like a challenging task‚ you will benefit from the exercise in many ways: • your clients will perceive you as professional – any client who wants to do business without something in writing should be informed it is standard professional practice‚ in keeping with the AGDA Code of Ethics • you will have legal protection
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C. Suggested Titles (Text and Reference): 1. Research Methodology (concepts & cases); Deepak Chawla & Neena Sondhi‚ Vikas Publishing (prescribed) 2. Business Research Methods: William G. Zikmund‚ Thomson South – Western‚ India Edition 3. Business Research Methods: Donald R. Cooper and Ramela S. Schnider‚ Tata McGraw Hill Publishing Co. Ltd.‚ 4. Marketing Research: Naresh Malhotra‚ Pearson Education. 3. Code of Conduct Students are expected to follow the IBS
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