1) Explain the difference between the attorney-client privilege and the accountant-client privilege. Why is this important distinction? Why do you think that the law doesn’t provide the same level of privilege for accountants as it does for attorneys? • The different between the attorney-client privilege and the accountant-client privilege is the communication. The attorney is protected by law‚ and the accountant is protected by state statute. They both are required to have the permission of the
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CHAPTER 4 THE ACCOUNTING CYCLE: ACCRUALS AND DEFERRALS OVERVIEW OF BRIEF EXERCISES‚ EXERCISES‚ PROBLEMS‚ AND CRITICAL THINKING CASES Brief Exercises B. Ex. 4.1 B. Ex. 4.2 B. Ex. 4.3 B. Ex. 4.4 B. Ex. 4.5 B. Ex. 4.6 B. Ex. 4.7 B. Ex. 4.8 B. Ex. 4.9 B. Ex. 4.10 Learning Objectives 3‚ 4 3‚ 4 3 3 6 4 5 5 5 8 Topic Deferred expenses and revenue Deferred expenses and revenue Accounting for supplies Accounting for depreciation Accrued revenue Unearned revenue Accrued salaries Accrued interest Accrued
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is an intentional misstatement or omission of amounts or disclosures with the intent to deceive users. Two examples of fraudulent financial reporting are accelerating the timing of recording sales revenue to increased reported sales and earnings‚ and recording expenses as fixed assets to increase earnings. 11-2 Misappropriation of assets is fraud that involves theft of an entity’s assets. Two examples are an accounts payable clerk issuing payments to a fictitious company controlled by the clerk
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Chartered accountants are responsible for financial reporting‚ taxation‚ auditing‚ forensic accountancy‚ corporate finance and insolvency. They play a strategic role by providing professional advice‚ aiming to maximize profitability on behalf of their client or employer. They work in many different settings‚ including public practice firms‚ industry‚ commerce and the public sector. In public practice firms‚ chartered accountants provide professional services to fee paying clients‚ from private
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Legal and Ethical Issues to using business information LEGAL ISSUES ARE VARIOUS ITEMS OF LEGISLATION THAT PROTECTS THE USE OF BUSINESS INFORMATION. DATA PROTECTION ACT 1998: Many business and shops have information about people. This act protects the information held about them to be misused. FREEDOM OF INFORMATION 2000: this act provides individuals the right to request information from a public authority. The public authority has to inform the applicant if they have the information which must
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BIOLOGY Tingkatan 4 Kertas 2 Dua jam tiga puluh minit PERATURAN PEMARKAHAN Peraturan Pemarkahan ini mengandungi 15 halaman bercetak @ 2011 Hak Cipta MPSM Pahang MARKING SCHEME PEPERIKSAAN AKHIR TAHUN 2011 (TINGKATAN 4) BIOLOGY 4551/2 |No. |Marking criteria |Marks | |1(a)(i) |Able to label P and S.
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2011 Submitted by Ajay Singh Amandeep Singh Chetan Ahuja Chinmay Sharma Nihar Routray Souvik Dey Bajaj Auto- A Market Study Contents Bajaj Auto 3 About the company 3 Product Portfolio 3 Products in 150cc category 4 SWOT Analysis 5 BCG Matrix Analysis 6 Porter’s 5 Force Model 6 Market Segmentation‚ Targeting and Positioning 7 Bajaj and its Competitors 11 Bajaj Auto About the company Bajaj Auto is a major Indian vehicle manufacturer headed by Rahul Bajaj. It is
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Chapter Two QUALITY AND GLOBAL COMPETITIVENESS TRUE OR FALSE: Place T or F in the space provided to the left of the statement. _____1. U.S companies‚ mistakenly seeing quality as the issue‚ learned that quantity was the key to success in the global marketplace. _____2. The need to improve an organization’s financial condition correlated directly with the process of making and measuring quality improvements. _____3. A nation’s ability to compete in the global marketplace has a direct bearing on
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2. SUBMITTING ASSIGNMENTS BORROWED OR STOLEN FROM OTHER(S) AS ONE’S OWN WILL BE PENALIZED AS DEFINED IN “AIOU PLAGIARISM POLICY”. Course: Economics (402) Semester: Spring‚ 2014 Level: B.A Total Marks: 100 Pass Marks: 40 ASSIGNMENT No. 1 (Units 1-4) Q.1 Explain the definitions of economics given by the economists on the basis of wealth‚ welfare and scarce resources. Also differentiate between micro and macroeconomics. (20) Q.2 a) Explain the equilibrium of a consumer with the help of indifference
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A Tale of Two Thomases The tale of the first Thomas in this chapter is about the Thomas from the Bible. This Thomas had a great importance. He was involved in three big events in the Bible. The first being when he went with Jesus to see Lazarus. The second is at the Lord’s Supper‚ where Thomas didn’t fully understand how everyone was supposed to get to heaven after Jesus died. He was unsure of how to get there if Jesus didn’t tell where he was going. Later‚ Jesus explains that He is the Way
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