assertions are being followed. The five assertions are existence or occurrence‚ completeness‚ valuation or allocation‚ rights and obligations‚ and presentation and disclosure. With the financial data which has been provided by the inexperienced staff assistant the most obvious analytical procedure to start with is to compare the 2005 financial date with the 2004 financial data. By analyzing the two years against each other‚ I have noticed that it appears Laramie Wire may be building up their inventory
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non-financial performance management. o To support and help the senior accountant to achieve the responsibilities of the Finance. PREREQUISITES: • Accounting Staff Requirements / Qualifications Education: Graduate in BS in Marketing Accounting or any related course. Having the ability to multi-task and ability to have a good communication. Newly graduates are welcome to apply. Experience: At least (1) year work experience of accounting staff. Experienced in computer applications like MS applications. Job
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approach to cash management. Cash only banked twice per week. The company does not produce or provide any instruction and help guides‚ which employees can refer to in order to find help and advice. The company do not have contingencies in place for staff absences due to illness or annual leave There is no encouragement for employees to attend training courses. Passwords used are not sufficient to maintain an adequate level of
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Section 240.5 of Referral Fees and Commissions of MIA by Law‚ in certain circumstances‚ a professional accountant in public practice may receive a referral fee or commission in relating to a client. For example‚ where the professional accountant in public practice does not provide the specific service required‚ a fee may be received for referring a continuing client to another professional accountant in public practice or other expert. Accepting such a referral fee or commission creates a self-interest
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in a Troubled Time INTRODUCTION Accountants are held to a high ethical standard because of the sensitive financial information they encounter and the type of financial documents the produce. After events such as Enron surfaced‚ the accounting profession as a whole came under fire and our reputations are in question. These scandals reveled what can happen if accountants do not act in an ethical manner and why it is so important that accountants do make sound‚ ethical decisions. This
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Business and Econ Statistics solutions CHAPTER 1 The Changing Role of Managerial Accounting in a Dynamic Business Environment ANSWERS TO REVIEW QUESTIONS 1-1 The explosion in e-commerce will affect managerial accounting in significant ways. One effect will be a drastic reduction in paper work. Millions of transactions between businesses will be conducted electronically with no hard-copy documentation. Along with this method of communicating for business transactions comes the very
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be time consuming and costly especially since you ’re not in that profession. You are in the business of sports medicine. As far as I know repairing alternators doesn ’t fall into that category and neither should accounting. As a result Louis Accountants fully understands your need to outsource such a vital task in comparison to your primary operations. We understand the financial strain associated with hiring employees for tasks completely unrelated to your primary operations. We’ve drawn up a
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This Manual serves the following purposes: ◆ assist accounting personnel of FAM to be fully conversant with the accounting procedures‚ policies and controls.; ◆ assist in the training of staff; ◆ for use by Staff as a reference guide; and ◆ ensure that there is continuity of approaches even if staff change. Users of the Manual The primary users of the Manual are Accounting personnel. The Manual will also be used by personnel from other departments within the Association. The
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Jessop ltd wants to know how a management accountant can contribute on Jessop’s continuous growth. I find on my study strategic management is very likely forward looking not like traditional cost accounting. Strategic management accounting is considering external factors like competitors and management accounting contributes not only strategy developing also critically evaluates the current strategy of any organisation. In addition‚ management accountant can assist to control costs by implementing
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routine. However‚ when you joined Debson’s Drinks Carol Nixon‚ the Financial Accountant‚ explained that as the Financial Accounts Clerk your time would be shared between all four of the Assistant Financial Accountants. As a result any of these sections might ask you to complete tasks. As your job is a new role within Debson’s Drinks‚ Carol is unsure how efficient it will be to have four Assistant Financial Accountants allocating you tasks. To monitor this she has asked you to keep your work request
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