considered evidence that the account is stated fairly. With the positive confirmations‚ we are trying to find information on account balances or specific invoices. We sent positive confirmations to Neutralizer‚ Mall-Wart‚ Run For Your Life Shoes‚ Paul Bunion Footwear‚ Sassy Shoes‚ and International Soccer Federation. We sent a negative confirmation to Tread. The ones that we sent a positive confirmation to‚ we were wondering about some discrepancies in the numbers and needed confirmation that payments were
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Case: Shoes for Moos INC Executive Summary Now Shoes for Moos is only a potential company built by Jim. The product is the special shoe for cows‚ combined with foot treatment‚ easy cleaning‚ durable and reusable. Jim hired his bother-in-law‚ Tom and have a limited amount of investment capital. Jim is trying to make a decision that chooses an alternative to distribute and promote their products. Decision Statement Starting Shoes for Moos is feasible. Considering
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ICC-Memo Apollo Date 10/14/12 Initials While working on some of the sales transactions 51 deviations were discovered. The majority 31 out of 51 were missing credit approval notations. Also 10 of these are still unpaid. This could indicate weak controls in the credit department which could leave the company with
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controls are not emplaced our lack of them will cause a greater liability for collection. Will need to verify all the charges to the customer because there is many overcharge and undercharge amounts. The overcharge delay from invoice date and credit memo averages 24 days to correct the mistake. Apollo’s controls are un-reliable and we will need to follow up on all Revenue and Accounts Receivable. Also positive confirmations need to be sent to customers with accounts greater than 1‚000‚000 and
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our understanding of the arrangement for our audit of the financial statements of Apollo Shoes‚ Inc. for the year ending December 31‚ 2011. We will audit the Company’s balance sheet at December 31‚ 2033‚ and the related statements of income‚ comprehensive income‚ stockholders’ equity‚ and cash flows for the year then ended‚ for the purpose of expressing an opinion on them. We will also audit whether Apollo Shoes‚ Inc. maintained effective internal control over financial reporting as of December 31
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University of Phoenix December 10‚ 2012 Introduction Letter / Apollo Shoes From: Phoenix & Company PLLC (Certified Public Accountants) To : The Board of Director of Apollo Shores First I would like to thank the board of director of Apollo Shores for their recent inquiry about Phoenix & Company’s services. Since our firm is small‚ we offer a wide range of personalized services to clients at a reasonable cost. Phoenix & Company is a CPA firm with more the 25 years in the
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as well as a file containing a memo of audit conclusions for the audit of the fixed asset cycle‚ and a memo on prepaid assets and other asset conclusions‚ as well as leadsheets for fixed assets and prepaid assets. Your memo contained excellent conclusions‚ including inconsistencies in the useful life of real property‚ computer equipment‚ and production equipment. You noted inconsistencies in depreciation method for various asset categories based on Apollo Shoes accounting guidelines. Regarding
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– BUSN 6070 Instructor: Jonnie Green Student: Jacquline Wicks-Callahan Title of Case: The Apollo Group‚ Inc. [University of Phoenix] Case: Andrew: Case #7-1‚ Assignment # 1 Purpose: The purpose of this case study is to understand the University of Phoenix’s philosophy and business model to develop targeted plans to address identified issues. Introduction Apollo Group‚ Inc.‚ was found in 1973 by John G. Sperling‚ PhD.‚ in response to a need for a then neglected market of
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MEMO: From: Learning Team B Date: October 28‚ 2013 Re: Revenue Cycle Reasoning for this memo is to explain with detail the qualitative features of importance that identifies the deviations seen in the auditing process at Apollo Shoes. During the audit process there were none compliances found in the records of Apollo Shoes Inc.’s revenue process‚ cycle of test ending 12/31/2007 and in the receivable aged trial balance sheet. In the following you will see a step listed that was taken during
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( Ryka‚ INC.: Lightweight Athletic Shoes for Women Business and Industry Analysis ) Ryka is doing business of athletic shoes for women‚ which are made on the shape of a woman’s foot‚ and are designed and developed considering women’s unique fit needs. It is the only athletic footwear company‚ which is exclusively for women‚ by women‚ and now supporting women. Because a woman’s needs in a comfortable‚ attractive‚ high performance athletic shoes that are attractive‚ comfortable‚ and well suited
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