actual proof in hand is better than taking the company’s word at full value. This means the first step in the revenue verification process is to confirm accounts receivables totals owed to the company. Letters are sent to the audited company’s vendors/customers‚ asking them to verify the amount they owe the company. If they are not in agreement‚ the letter states they should include an explanation and proof. This will help the auditors determine if all ClariCall’s information is correct and the totals
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Reading Summary of Common risk factors in stock and bond returns Xin Shi (A13119523) The paper introduces the famous Fama–French three-factor model which is a development of the traditional CAPM model and the findings of the 1992 paper. It believes the theory should be able to explain not only stock but also bond returns. Also this paper uses the method of time-series regression‚ which is quite different from the previous paper. After the development
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INCENTIVE CONSIDERATION The use of book value based on cost to measure the investment or even the use of estimates of price-level-adjusted cost is subject to severe criticism. There is no reason why a system based on values estimated by management cannot be used for internal purposes instead of cost-based conventional accounting. Here we have an opportunity to apply ingenuity to bypass a valid objection by managers to cost-based accounting. Rather than asking an accountant or another staff person
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HSM 410 Ethical Considerations 2/8/2012 Ethical considerations for providing emergency contraception’s to rape victims requires all hospitals to provide information and access to emergency contraceptive to victims of sexual assault. Plan B‚ an oral synthetic hormone‚ is the most common type of emergency contraception and is often called the “morning after pill.” Supporters of the legisla¬tion argue that emergency contraception is a medically accepted way of preventing
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Unforeseen Bonds: Hardin’s Rhetoric in "Lifeboat Ethics: The Case Against Helping The Poor" As Andrew Kuper‚ a Fellow of Trinity College of Cambridge and researcher of philosophy‚ politics‚ and the modern world‚ once said "Since the costs to ourselves may be significant‚ how much ought we to sacrifice?" (Kuper‚ 1). A direct correspondence of such can be seen in the work of Garrett Hardin‚ specifically "Lifeboat Ethics: The Case Against Helping The Poor‚" versus Peter Singer‚ author of "The Singer
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From traditional budget planning to zero-based budgeting (Relevant to PBE Paper II: Management Accounting and Finance) Dr Fong Chun Cheong‚ Steve‚ School of Business‚ Macao Polytechnic Institute Introduction A budget is an important financial plan that incorporates a systematic analysis and interpretation of financial forecasts in terms of products‚ markets and the application of resources. It requires managers to plan. It needs operational and financial resources information for decision making
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Zero-based budgeting starts from a "zero base" and every function within an organization is analyzed for its needs and costs. Budgets are then built around what is needed for the upcoming period‚ regardless of whether the budget is higher or lower than the previous one. Because of its detail-oriented nature‚ zero-based budgeting may be a rolling process done over several years‚ with only a few functional areas reviewed at a time by managers or group leadership. Zero-based budgeting can lower
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Cultural Considerations War is hard on anyone involved; however‚ it is especially hard on the children who are forced to live with it or in close proximity to it. Children typically lack the worldview to process the level of violence that occurs during war. The Nigerian children who were rescued from the refugee camp lived in extremely poor conditions and before arriving there were subjected to serious events that may change them forever. They are likely suffering from some severe psychological
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2011-2012 Assessment 1 Nick would be suing Angela claiming the full arrears and the return of the car. Nick can only succeed if he can prove there is no consideration. Consideration can be defined by Sir Frederick Pollock‚ approved by Lord Dunedin in Dunlop v Selfridge Ltd [1915] AC 847 where each party must give something in return from what is gained from the other party; ‘An act or forbearance of one party‚ or the promise thereof‚ is the price for which the promise of the other is bought‚ and
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Norman Mailer once said‚ “For what does it mean to be a hero? It requires you to be prepared to deal with forces larger than yourself‚” to be a hero means adequately confront forces and obstacles greater than yourself. In William Shakespeare’s play‚ The Tragedy of Macbeth‚ Macbeth is not a hero because he does not overcome forces that are greater than him. The three witches foresee Macbeth’s future as Thane of Cawdor and king. Once he becomes Thane of Cawdor‚ he also becomes ruthless and ambitious
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