Qualitative Characteristics of Useful Financial Information The purpose of financial reporting is to provide decision makers with useful information. When accounting choices are to be made by individuals‚ those choices should be based upon the usefulness of that information to the decision making process. The Framework identifies six qualitative characteristics of financial statements as follows:- • relevance; • faithful representation; • comparability; • verifiability; • timeliness; and
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Design Methodologies and Tools • Design styles – Full-custom design – Standard-cell design – Programmable logic • Gate arrays and field-programmable gate arrays (FPGAs) • Sea of gates – System-on-a-chip (embedded cores) • Design tools 1 Full-Custom Design • Every gate is carefully designed and optimized – Hierarchical design may be used‚ place-and-route tools typically used • Advantages: – High density‚ ideal for high volumes – Performance optimization • Disadvantages:
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security in life. Whether faced with threat or danger‚ people could use protection in any given situation. New technologies created to ease the worries of an individual. An example was biometrics. The tools refer to automatic identification or verification of living persons using his or her enduring physical or behavioral characteristics (Johnson‚ p. 92‚ 2004). Examples of applications were fingerprints and facial traits. Many countries like the United States used the method to identify any individuals
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by the company. Segregation of Duties: Different individuals have been assigned to handle verification of invoice and received goods. Establishment of Responsibility: Only the treasurer and assistant treasurer are allowed to sign the checks. Other controls: The signer of the check will stamp invoice paid along with the date‚ check number‚ and amount of the check. Independent Internal Verification: The paid invoice is sent to accounting for recording. Physical‚ Mechanical and Electronic
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Chapter 14 Audit of the Sales and Collection Cycle: Tests of Controls and Substantive Tests of Transactions ← Review Questions 14-1 a. The bill of lading is a document prepared at the time of shipment of goods to a customer indicating the description of the merchandise‚ the quantity shipped‚ and other relevant data. Formally‚ it is a written contract of the shipment and receipt of goods between the seller and carrier. It is also used as a signal to bill the client. The original is
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(fingertip‚ thumb‚ finger length or pattern)‚ palm (print or topography)‚ and geometry‚ back of the hand vein pattern or thermal images. Behavioral biometrics includes voiceprints‚ handwritten signatures‚ and keystroke/signature dynamics. Personal verification has become an important and highdemand technique for security access systems in the last decade. Shape of the subcutaneous vascular tree of the back of the hand contains information that is capable of authenticating the identity of an individual
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Discuss the epidermal and dermal layer of skin and how each relates to the permanence of fingerprints. The outer layer is known as the epidermis‚ and the inner layer is known as the dermis. The bottom of the epidermis‚is adjacent to the dermis‚ is the generating layer of the epidermis and it is in this layer that new cells are formed. The skin is one of the largest organs in the body. The epidermis has many smaller layers. The dermal layer is the growth layer of skin and feeds the epidermis
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|4 Quality Management System |Observation/Comments |Results | |4.1 General Requirements | | | |Has your organization established a management system (QMS) |The QMS system applies to all major processes throughout the company | | |giving consideration to:
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and adequacy test. This study consists input and output design‚ manufacture the application programs‚ verification and validation of program. The creation of this program is done through four main phase : planning phase‚ anylisis phase‚ design phase‚ and testing phase which is based on Software Development and Life Cycle (SDLC). The results from the testing phase of this program (verification and validation) demonstrates that the program can be run in accordance with its function and also the program
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The Employment Selection Process The selection process begins with the candidates identified through recruitment and attempts to reduce their number to the individuals best qualified to perform the available jobs. At times‚ the selection process can be long and tedious. However‚ to ensure the proper selection of candidates it is important the following steps are followed: screening of applications and resumes‚ testing‚ interviews‚ checking references and background‚ and finally making a selection
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