Chapter 14 Audit of the Sales and Collection Cycle: Tests of Controls and Substantive Tests of Transactions ← Review Questions 14-1 a. The bill of lading is a document prepared at the time of shipment of goods to a customer indicating the description of the merchandise‚ the quantity shipped‚ and other relevant data. Formally‚ it is a written contract of the shipment and receipt of goods between the seller and carrier. It is also used as a signal to bill the client. The original is
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Ch 8: Financial Reporting and Management Reporting System GL master ledger: the principal file in the GLS database. Based on chart of accounts. FRS draws upon GL master to produce the firm’s financial statements General ledger history file and journal voucher history file- prior period info Responsibility center file: contains revenues‚ expenditures‚ and other resource utilization data for each responsibility center in the organization (used for responsibility reports) Budget master file: contains
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Lady Justice is a cartoon by Jonathan Shapiro‚ also known with his pen name Zapiro and was published in 2008. The cartoon depicts Jacob Zuma ready to rape Lady Justice who is forcefully held down by Malema‚ Mantashe‚ Nzimande and Vavi‚ with words of instruction from Mantashe saying “Go for it boss!”. According to Milo (2012)‚ Jacob Zuma laid charges against newspaper and Zapiro in December 2010. His complaint was based on the unashamed meaning of the cartoon: that he was readily prepared to abuse
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Information Rules 1 The information Economy Tech changes‚ economic laws do not. INFORMATION Information – anything that can be digitized. Info has an unusual cost structure. Costly to create and assemble. Costly to produce but cheap to reproduce. High fixed costs but low marginal costs. When managing intellectual property‚ goal should be to maximize the value of your intellectual property‚ not its protection. Experience good – must be experienced in order to be valued. Information is always
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Reading 1-1 The tortuous evolution of the Multinational Corporation In these days‚ almost of companies in the world desire to becoming multinational corporation. They know that multinational corporation tend to be regarded as more progressive‚ dynamic‚ geared to the future than provincial companies. They want to spread their subsidiaries not only all over the country‚ but also all over the world. Usually‚ the multinational corporation has headquarters in one country and operates subsidiaries
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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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Chapter 14 The Basic Tools of Finance 1. The field of finance studies how a. society manages its scarce resources. b. people make decisions regarding resource allocation over time and how to handle risk c. people decide whether or not to become risk averse. d. society can reduce aggregate risk. ANSWER: b. how people make decisions regarding resource allocation over time and how to handle risk TYPE: M DIFFICULTY: 1 SECTION: 14.0 2. If you put $300 in an account
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and the dividend growth model. • Explain the following terms: equilibrium‚ marginal investor‚ and Efficient Markets Hypothesis (EMH); distinguish among the three levels of market efficiency; briefly explain the implications of the EMH on financial decisions; and discuss the results of empirical studies on market efficiency and the implication of behavioral finance on those results. • Read and understand the stock market page given in the daily newspaper. • Explain the reasons
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Chapter 1 BUSINESS COMBINATIONS Answers to Questions 1 A business combination is a union of business entities in which two or more previously separate and independent companies are brought under the control of a single management team. APB Opinion No. 16 describes three situations that establish the control necessary for a business combination‚ namely‚ when one or more corporations become subsidiaries‚ when one company transfers its net assets to another‚ and when each combining company transfers
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Good afternoon‚ My name is Anna and as you already know‚ I’m running for 9th grade rep on student council. Before I start‚ I would like to say good luck to my fellow candidates. I know that they have worked as hard as me. Dedicated. Responsible. And Enthusiastic. These are three words that describe me‚ and three reasons why you should vote for me. I cannot promise that if I am elected we will be allowed to have no tests or have no homework. But I can listen to what you‚ the students have to say
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