Revenue Recognition Fraud: Methods and Reason In today’s corporate arena‚ fraud has taken its seat among the top priorities of those who make policies and set standards. The majority of large-scale fraud is perpetrated by the improper recognition of company revenues and is‚ in practice‚ generally simple. Revenue recognition fraud can be carried out by keeping the books open past the end of the accounting period‚ recording consignment goods as sales‚ improper bill-and-hold transactions‚ failure
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January 31 of the year following the calendar year in which the compensation payment and other income payments subjected to final withholding taxes were paid or accrued. The return shall be filed with the Revenue Collection Officer or duly authorized City/Municipal Treasurer of the Revenue District Office having jurisdiction over the withholding agent’s place of business/office. A taxpayer may file a separate
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ORGANIZATIONAL DESIGN AND STRUCTURE * Examine customers in each market. * Determine the types of sales jobs needed to serve a market. * Note the job activities salespeople must do. * Design sales jobs around customers. * Set up the sales force organizational structure‚ which includes the various sales jobs and geographic territories. Application Of The Sales Job Classifications 1. Order Takers: wait for the costumer to order 2. Order Getters: obtain
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Revenue Recognition Revenue is the electricity that drives business. Revenue has been the starting point on every income statement generated‚ every sales meeting conducted‚ and is on every entrepreneur’s wish list. The basic concept for revenue recognition is that revenue should not be recognized until it is realized or realizable and earned. There are also four criteria must be met in order to recognize revenue: 1) persuasive evidence of an arrangement exists: Consider the substance of the transaction
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July 2013 New income tax forms for companies As a result of recent changes in tax legislation‚ the South African Revenue Service (SARS) have recently revised and updated the corporate income tax returns. * As such‚ it is now compulsory to submit an electronic copy of the signed annual financial statements‚ on which the tax return is based‚ together with the income tax return to SARS. * Furthermore‚ SARS now requires additional information to be presented and disclosed in the corporate
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Form Should Follow Function The history of design can teach contemporary designers about the achievements and mistakes of the past. Such examinations of history show that lessons can be learned from the varying disciplines focused on the forms and functions of designs; where different designers take different standings on what is the appropriate form for the desired function. Burkey Belser‚ an information designer‚ discusses contemporary design‚ and that “The mirror has shattered and fragments
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Hegemony in Mass Media Hegemony is prevalent in every mass broadcasted/published type of media in America. It is the acceptance of ideals that trickle down from the people in power to those without power or those that have little power. This concept is what causes us to accept ideas such as objectifying women in commercials and television. It’s what makes the American public accept social stratification and mild to intense segregation. This idea of hegemony affects the way we think and what our
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Sales Management Ashley Cain March 18‚ 2013 MKT/445 University of Phoenix Sales personnel performance can be very difficult to manage based upon the type of business that is being run and along with the job responsibilities. Management techniques are basically the strategies that managers put into place in order to manage behaviors. There are numerous management techniques that can be effective. There are also many different tools that managers utilize to keep their business running properly
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SALES AND DISTRIBUTION MANAGEMENT ASSIGNMENT MORGAN & BOSS OFFICE EQUIPMENT DIVISION SUBMITTED BY ANGANA (F13005) ASHISH CHANDY (F13015) CHRISTINA IMMACULATE (F13021) DHANYA ANN ROY (F13025)
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customer? No‚ I can’t say it was. But the rationale wassound.‖Hurricanes aren’t the only weapons in nature’s arsenal‚ and the insurance industry is hardly the onlyindustry affected by nature. Consider the airline industry. American Airlines has 80‚000 employees‚ 4 of whommake decisions to cancel flights. One of them is Danny Burgin. When weather systems approach‚ Burgin needs toconsider a host of factors in deciding which flights to cancel and how to reroute affected passengers. He
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