John Mullin Audit 5610 Case 6.7 9/25/12 Hamilton Wong‚ In-Charge Accountant 1. If I were placed in Hamilton Wong’s position I would report all of my time worked during the audit of Wille & Lomax. This practice of “eating time” is unethical. While most accounting firms probably feel this type of practice is unacceptable‚ it still happens. If you don’t report all your worked time‚ how does the firm bill their clients properly? What about future audits for the same company? If underreporting
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novel The Story of Tom Brennan by J.C Burke and the film Forrest Gump by Robert Zemeckis explores the experiences various characters have that result in change and transition in realistic way. Both Burke and Zemeckis explore these experiences by using a variety of techniques‚ particularly flashbacks and many forms of imagery that relate to their fears‚ the way people deal with crisis and friendship in a in which the viewer can relate to them making it more realistic. In The Story of Tom Brennan
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people fall in life. In this case it happens to be a woman named Betty Marie Tallchief. Betty Marie Tallcheief is an Indian lady who faced prejudice trying to chase her dream of becoming a ballerina. Sadly she faced these thing all through her life. Sense Betty Marie Tallchief was a little her grandmother would tell her stories about a animal fire spirit. Betty Marie Tallchief’s grandmother inspired her through her life. As Betty grew up she continued to chase her dream in becoming a ballerina.
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THE ROLE OF AN ACCOUNTANT IN THE IMPLEMENTATION OF IFRS It is often said that an organization without an accountant is not a serious organization as it has no credibility. This is because the accountant is seen as the financial “gatekeeper” whose presence within an establishment underlines a commitment to sound financial principles and good business values. It is known that almost all aspect of human activities have undergone changes globally as a result of improvements in hi-tech Information and
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CASE CONTEXT New World Chemicals‚ Inc. (NWC) hired Sue Wilson as its new financial manager and consequently‚ Ms. Wilson has to produce a sound financial forecast for the company. PROBLEM DEFINITION In producing the financial forecast for NWC‚ Ms. Wilson has to determine the following: Additional funds needed (AFN) Free cash flow In relation to the above‚ Ms. Wilson has to consider effects on the following items: Operational capacity against sales projections Assumptions in receivables
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As an icon in the women’s rights movement‚ Betty Friedan did more than write about confining gender stereotypes but she became a force for change. Susan Oliver’s bibliography captivates Betty Friedan’s leading role against the sexual inequality between men and woman during her lifetime. Born as a daughter of Jewish parents in Peoria‚ Illinois Betty saw in her own eyes the sacrifices women were making through her mother’s loss of fulfilling a career in journalism. Once she married‚ Betty’s mother
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COMPREHENSIVE PROBLEM 3 SPRINGDALE RETAIL‚ INC. a. Springdale Retail‚ Inc. Income Statement For the Year Ended December 31‚ 2015 Sales Less: Sales returns and allowances Net Sales Cost of goods sold Gross profit Operating expenses: Salaries Rent Expense Utilities expense Depreciation expense: office equipment Insurance expense Office supplies expense Income before income taxes Income tax expense Net income $ $ 88‚095 6‚100 4‚120 2‚750 900 520 $ $ 226‚000 2‚500 223‚500 100‚575 122‚925 102‚485
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Chartered Accountants (CICA) conducts research into current business issues and supports the setting of accounting‚ auditing and assurance standards for business‚ not-for-profit organizations and government. It issues guidance on control‚ best practices and governance‚ publishes professional literature‚ develops continuing education programs and represents the CA profession nationally and internationally. Together with the provincial‚ territorial and Bermuda institutes/ordre of Chartered Accountants‚ the
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Dot-com bubble The dot-com bubble was a historic speculative bubble covering roughly 1997 – 2000 (with a peak on March 10‚ 2000 during which stock markets in industrialized nations saw their equity value rise rapidly from growth in the Internet sector and related fields. While the latter part was a boom and bust cycle‚ the Internet boom is sometimes meant to refer to the steady commercial growth of the Internet with the advent of the World Wide Web‚ as exemplified by the first release of the Mosaic
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In my social psychology class‚ there was a recent examination given to the class. It was the mid-term examination. For the mid-term examination‚ the class was instructed to read chapter’s 1-6 in the text book. The class was also instructed to study for the exam by reviewing the lecture notes. In this paper I will focus on a few questions I answered incorrectly on my mid-term examination. The exam contained 48 multiple choice questions and two true/false questions. Out of this 50 questions total
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