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    Internal Audit

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    to protect family privacy. The author’s opinions do not necessarily reflect the views of the Malaysian Institute of Accountants and this case was written for academic purpose only and the author disclaims any legal responsibilities. This report will be discussed more details about the issues that arise in the company. Those issues are about the leadership‚ management and also accounting of the company. 1. What is the

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    services. ‘An annual report is a comprehensive report on a company’s activities throughout the preceding year. Annual reports are intended to give shareholders and other interested people information about the company’s activities and financial performance.’ en.wikipedia.org/wiki/Annual_report (22/01/15) Annual reports in the police The Office of the Police and Crime Commissioner are required to produce an annual report at the end of the financial year. This report must include an assessment

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    Fair Value Accounting

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    reliable information and procyclicality trend. After evaluating the fair value method‚ two companies were selected which are Qantas and BPH Billion to reflect the real application of fair value and other alternative methods in their 2011 financial reports. The dominant measurement is still historical cost‚ but firms still widely use fair value in derivative financial instruments‚ employee share plan and so on. This article also comments the differences and similarities between two companies. The

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    Abc

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    Multiple intelligences‚ varied ability levels‚ traditional to cutting-edge: you’ll find book report ideas here! This list was originally compiled by Anne J. Arvidson. Alternatives to the Traditional Book Report This page lists 70 ideas for responding to reading. Many of the suggestions are for older students only‚ but some will work with elementary students. Better Book Reports and Better Book Reports: 25 More Ideas! Teacher-tested ideas to help kids respond to their reading with enthusiasm

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    Financial Reporting I

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    Morgan was established in 1799 and despite multiple stock market crashes and recessions; it is a company that continues to do well in its sector (JP Morgan‚ 2014). J.P. Morgan Bank is the publicly traded company that I chose to analyze the 2013 annual report. At the end of 2013‚ the total assets of J.P. Morgan was 1‚945‚467‚000‚000; one trillion‚ nine hundred forty-five billion‚ four hundred sixty-seven million dollars in total assets (JP Morgan‚ 2014). The total assets of a company are important because

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    KPIs and appropriate record keeping systems fit with taxation and other legal requirements and educate the process/ responsibilities to their staff. What are the reports that can be used for financial planning in an organisation? Profit and Loss Balance sheet Revenue and Expenditure report Cash flow statement Debtors and Creditors reports What is the process for preparing budgets or other financial plans? 1. Identify data that needs to be collected. 2. Identify the appropriate

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    Adverse Audit Opinion

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    ABC SDN. BHD. (Incorporated in Malaysia) INDEPENDENT AUDITORS’ REPORT TO THE MEMBERS OF ABC SDN. BHD. Report on the Financial Statements We have audited the financial statements of ABC SDN. BHD.‚ which comprise the balance sheets as at 30 September 2010 of the Group and of the Company‚ and the income statements‚ statements of changes in equity and cash flow statements of the Group and of the Company for the year then ended‚ and a summary of significant accounting policies and other explanatory

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    Restatement of Financials

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    certain reports with the Securities and Exchange Commission (SEC). Some of the included reports are Form 10-K‚ Form 10-Q‚ and Form 8-K. The filing of these forms allows companies to remain in compliance with regard to disclosure requirements set forth by the SEC. Form 10-K includes a comprehensive overview of a company’s financial position and is filed annually within 90 days of the end of the company’s fiscal year. Form 10-Q is filed quarterly by a company and Form 8-K contains current reports that

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    Auditing 2

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    contingent liability is remote‚ the liability usually is: A) disclosed in footnotes‚ but not accrued. B) neither accrued nor disclosed in footnotes. C) accrued and indicated in the body of the financial statements. D) disclosed in the auditor’s report but not disclosed on the financial statements. Answer: B Terms: Contingent liability; remote Diff: Easy Objective: LO 24-2 AACSB: Reflective thinking skills 2) A commitment is best described as: A) an agreement to commit the firm to a

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    McDonalds’ Malaysia is very concerned about what they can provide to their stockholders‚ the public‚ customers and even the suppliers. Since McDonalds’ Malaysia first came to Malaysia on 29 April 1982‚ they are well-known for their high commitment in their corporate social responsibility. McDonalds’ cares about human rights and their customers. They do not employ forced labourers or child labourers. Besides that‚ McDonalds’ has anti discrimination policy‚ especially the discrimination against

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