Module III: Control Testing-Sales Processing 1. This plan doesn’t test sales revenue and accounts receivable for completeness. The most important control to assure completeness is prenumbered shipping and billing document. Unfortunately‚ the sales processing system does not provide for pre-numbered bills of lading‚ and bills of lading are not accounted for. Because of this deficiency‚ goods may have been shipped to customers but never billed to the customer. Thus‚ they don’t constitute an effective
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Today: 21 Nov 2014 Mr Ahmed Shkhawat Hasan Transactions MR AHMED SHKHAWAT HASAN 20-80-57 43163857 Available balance £672.36 Last night’s balance £9.79 Overdraft limit £0.00 Emergency Borrowing £0.00 Showing 8 transactions between 22/10/2014 and 21/11/2014 Date Description Money in Money out Balance 21/11/2014 TESCO £668.99 £678.78 19/11/2014 PayPal £95.98 £9.79 11/11/2014 PayPal £16.00 £140.61 10/11/2014 A Hasan £50.00 £124.61 07/11/2014 HASAN A £80.00 £233.50
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example the concepts of TCE‚ firm v market‚ vertical boundaries of the firm‚ and vertical chain make-or-buy dilemma‚ I have chosen FAO (Food and Agriculture Organization) of UN‚ a non-profit specialized United Nation agency‚ the one I am currently working for. It would be very challenging to describe how TCE theory apply to big international non-profit organizations in terms of complex transaction’s exchanges occurring among UN agencies‚ members countries and donors aimed to the achievement of difficult
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Working Capital Exercises – Part 2 1. Lewis Enterprises is considering relaxing its credit standards to increase its currently sagging sales. As a result of the proposed relaxation‚ sales are expected to increase by 10% from 10‚000 to 11‚000 units during the coming year; the average collection period is expected to increase from 45 to 60 days; and bad debts are expected to increase from 1% to 3% of sales. The sales price and variable cost per unit are P40 andP11‚ respectively. The firm’s required
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In economics and related disciplines‚ a transaction cost is a cost incurred in making an economic exchange. A number of different kinds of transaction costs exist. Search and information costs are costs such as those incurred in determining that the required good is available on the market‚ who has the lowest price‚ etc. Bargaining costs are the costs required to come to an acceptable agreement with the other party to the transaction‚ drawing up an appropriate contract‚ etc.. Policing and enforcement
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Prepare a schedule. List the following assets‚ liabilities and equity as column headings: Cash at Bank; Supplies; Equipment; Loan Payable; Accounts Payable; J. Drain‚ Capital. B. Show the effects of each of the transactions on the accounts listed. Indicate totals after each transaction and complete the schedule. C. Prepare an income statement and a statement of changes in equity for the month ended 31 August 2013‚ and a balance sheet as at 31 August 2013. Exercise 2.12 – Preparation of
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Transaction exposure The transaction exposure component of the foreign exchange rates is also referred to as a short-term economic exposure. This relates to the risk attached to specific contracts in which the company has already entered that result in foreign exchange exposures. A company may have a transaction exposure if it is either on the buy side or sell side of a business transaction. Any transaction that leads to an inflow or outflow of a foreign currency results in a transaction exposure
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11. Translations of the VSM 2013 13 12. Submitting results for our files 14 13. References 15 1. Purpose of the VSM 2013: comparing national samples The Values Survey Module 2013 (VSM 2013) is a 30-item paper-and-pencil questionnaire developed for comparing culturally influenced values and sentiments of similar respondents from two or more countries‚ or sometimes regions within countries. It allows scores to be computed on six dimensions of national culture
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Table of contents Title Page Acknowledgements Aims of the Project Description of the business simulated List of transactions Books of Original Entry: * The General Journal * Purchases Journal * Sales Journal * Returns Outwards Journal * Returns Inwards Journal * Cash Book * Petty Cash Book The ledgers: * Purchases Ledger * Sales Ledger * General Ledger Trial Balance Trading and Profit and Loss Account Balance Sheet Interpretation of Results:
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STUDY | | Transactions from the very beginning of time have being a vital part of the human race and have cut across every single part of the different sectors of our modern day society. Transaction is the art of exchanging good for services which could take different forms. or an instance of doing business of some kind‚ e.g.‚ a purchase made in a shop or a withdrawal of funds from a bank account according to the Encarta Dictionary. Thus the aspect of electronic-Transaction which has being
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