Financial Reporting Problem Part 1 Mark R. Mitchell XACC/290 August 10‚ 2014 Jeanette Butler Financial Reporting Problem Part 1 In the light of this week’s assignment of analyzing an annual report for a publicly traded company I decided to use the company now work for which is the spinoff company from the merger of international papers Xpedx division and Unisource; the new company name is Veritiv. Veritiv’s total assets for this accounting period are $1‚215 million dollars (Morningstar
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Auditing Theory 1. A control which relates to all parts of the EDP system is called a(n) a. Systems control c. Applications control b. General control d. Universal control 2. Which of the following is not an output control? a. Proper authorization of transaction b. Control totals c. Check digits d. Adequate documents 3. Should the auditor feel‚ after obtaining an understanding of the EDP internal control structure‚ that
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These questions and possible answers will be discussed during revision lecture. Solution will not be provided on the learning hub. Section A (Short answer) 1. List and briefly explain four factors that contribute to the need for financial report audits. Increasing reliability‚ increase confidence of investor‚ 1‚Complexity of information‚ 2‚remoteness of information‚ have enough information; 3‚conflicts of interest‚ if management are providing some information to shareholders‚ but
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Bibliographic Reference Author: Osama Shaban‚ Accounting Department‚ AlZaytoonah University of Jordan Title: Auditing Human Resources as a Method to Evaluate the Efficiency of Human Resources Functions and to Control Quality Check on Human Resource Activities International Business Research Journal‚ Vol. 5‚ No. 3 PP.122-129 © Canadian Center of Science and Education Introduction Objectives of the article include: • To evaluate the efficiency of human resources at all
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Phys2A: Practice problems for the 1st midterm test Fall 2013 0.674 to the proper number of significant figures? 0.74 1. What is Answer: 0.91 2. A 8.7 hour trip is made at an average speed of 73.0 km/h. If the first third of the trip (chronologically) was driven at 96.5 km/h‚ what was the average speed for the rest of the journey? Answer: 61 km/h 3. A car travels 95 km to the north at 70.0 km/h‚ then turns around and travels 21.9 km at 80.0 km/h. What is the difference
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00Test Week 5 Midterm Exam Part 1 Started 11/12/14 12:52 PM Submitted 11/12/14 3:39 PM Status Needs Grading Attempt Score 40 out of 50 points Time Elapsed 2 hours‚ 46 minutes out of 2 hours. Instructions This exam consist of 25 multiple choice questions and covers the material in Chapters 1 through 3. Question 1 .2 out of 2 points Correct You recently sold 200 shares of Apple stock to your brother. The transfer was made through a broker‚ and the trade occurred on the NYSE. This
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Deaf Again‚ Part 1 Questions (Introduction - Chapter 6‚ pp. iii - 57) Introduction The book “Deaf Again” is unique because the author has been on both sides of the spectrum. He had been hearing for some time and now is Deaf. He shows each viewpoint and doesn’t make it just for hearing or just for the Deaf. This author is also unique in showing his feelings for both hearing and also being Deaf. Chapter 1 1. The medical care facility should have had an interpreter there at the childbirth. I
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Lecture 6 Receivables 1. Types of receivables (1)Accounts receivable: the amounts owed to the firm by customers on account from the sale of goods or services (2)Notes receivable: the amounts owing to the firm outside normal trade for which formal instruments of credit are issued evidencing the debt‚ and on which interest is generally payable (3) Other receivables include non-trade receivables such as interest receivable‚ loans‚ advances and GST receivable. 2. Accounting for A/R Accounts receivables
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Jessica Schmitt Auditing Chapter 9‚ problem 9-28 A. Since there are no specific materiality guidelines‚ it is the auditor’s professional judgment that must be used to determine the appropriate preliminary estimates of materiality. I used the guidelines listed on pg 251 in figure 9-2: Statement Percent Guideline Dollar Range (in thousands) Earnings from continuing operations before taxes 3-6 % $12‚500-$25‚100 (rounded) Current Assets 3-6 % $67‚600-$135‚200 (rounded) Current Liabilities 3-6 %
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Midterm Paper Assignment‚ 10/28/13 Part 1: In the beginning of class we were proposed a model of discernment from the Rule of Saint Benedict. “Listen carefully‚ my son‚ to the master’s instructions‚ and attend to them with the ear of your heart. This is advice from a father who loves you; welcome it‚ and faithfully put it into practice.” (St. Benedict‚ Prologue Page 1) With this rule as Benedict explains in his reading and in the presentation notes in class Benedict tells us the basis of his
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