TEST OF CONTROLS – REVENUE TRANSACTIONS |Audit Objective |Audit procedure |Findings | |General | | | |Validity |Observe
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Why I choose Apple product? What are its interesting features? If I choose a product‚ I will surely select those that is reliable and proven and tested by millions of the consumers worldwide‚ in short I am one of those people who are always after with quality and durability. Apple smartphones is an epitomy for quality. Apple products are usually mob by Its customers because of its incredible IOS operating system and multi touch features. In addition‚ I think many people prefered to own an Apple
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Transfer Pricing Question 1) BADM4280 Paper Ltd. is a division of GH Inc. BADM4280 Paper Ltd. produces paper and sells it to a number of companies‚ as well as to GH Inc. who uses it in their textbook division. Recently‚ the vice president of marketing for GH Inc. approached BADM4280 Paper Ltd. with a request to make 20‚000 units of a special paper product. The following information is available regarding the BADM4280 Paper division: Selling price of regular paper per unit $80
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Pricing is one of the most important elements of the marketing mix as it is the only mix‚ which generates a turnover for the organization; the remaining 3p’s are the variable cost for the organization. It costs to produce and design a product; it costs to distribute a product and costs to promote it. Price must support these elements of the mix. Pricing is difficult and must reflect supply and demand relationship (Constantinides‚ 2006). Pricing a product too high or too low could mean a loss of sales
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Sales How does Groupon generate revenue? - Because Groupon relies on its merchants to provide its consumers with products or services‚ they must continue to grow their merchant relationships to provide their customers with new products. Merchants provide the foundation of Groupon’s business‚ so without merchants‚ Groupon wouldn’t have anything to offer to its consumers and therefore not be able to generate revenue - the graph shows the importance of Groupon’s relationships with its merchant. Since
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Why music matters. I find this to be a complex yet compelling topic to write about as it can be overwhelming to cover it to its fullest‚ so we are only scratching the surface with this essay.Thus I took the privilege of finding articles and studies done of why music matters today in our culture and what are its benefits to the people who listen to it and what influence them to listen to the type of music they listen to‚is mood a decider or does it depends on what part of culture your are from‚
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Applied Mechanics and Materials Vols. 229-231 (2012) pp 2775-2778 © (2012) Trans Tech Publications‚ Switzerland doi:10.4028/www.scientific.net/AMM.229-231.2775 Airline Revenue Management: Optimization Using Origin-Destination Strategy Controlled by Nested Heuristics Ajyuk J. Raj1‚ a‚ N. Ganesh Kumar2‚ b‚ S. Jayaraj3‚ c 1 M.E.‚ Department of Mechanical Engineering‚ PSG College of Technology‚ Coimbatore-641004‚ Tamil Nadu‚ India. 2 Assistant Professor‚ Department of Mechanical Engineering
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expensed when purchased. (f) Agricultural companies use market value for purposes of valuing crops. (g) Each enterprise is kept as a unit distinct from its owner or owners. (h) All significant postbalance sheet events are reported. (i) Revenue is recorded at point of sale. (j) All important aspects of bond indentures are presented in financial statements. (k) Rationale for accrual accounting. (l) The use of consolidated statements is justified. (m) Reporting must be done at defined time intervals
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4.2. Diversifying revenues In recent years it has been widely believed that airports have become increasingly reliant on non-aero revenues. Over the past 15 years‚ the proportion of revenue derived from aeronautical activities has slightly increased indicating that the share of revenue derived from non-aeronautical activities has decreased. Financial crises‚ tough competition coming from neighbouring airports and pressure on lowering airport charges from LCCs‚ have put a dent in airport’s aeronautical
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Statement Four Revenue recognition issues top the list of reasons for financial reporting restatements and one of the methods for creative accounting practices. Table of Contents Table of Contents 1 Introduction 3 Literature Review 4 Revenue recognition 4 Sale of goods 4 Rendering of services 5 Interest‚ royalties‚ and dividends 5 Creative Accounting 5 To meet internal targets 6 Meet external expectations. 6 Provide income smoothing. 6 Taxation 6 Change in management
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