CASE 2 Shih Hong Lin A. What distinguishes management fraud from defalcation? Defalcation is misappropriation of assets such as employee fraud‚ embezzlement and larceny. Management fraud has deliberate intention that uses fraudulent financial statement to covey wrong messages to its investor‚ creditor and the public. The major difference is the intention that distinguishes management fraud from defalcation. In defalcation‚ people who commit such crime is out of greedy. However‚ in management fraud
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activities. AJ Hackett knew that Chinese and Indian numbers in particular were expected to increase in the coming years. Technological: As many people started bringing their own digital cameras and video-enabled phones the company knew that they would have to implement technological factors into the bungy experience such as‚ different range of photos from cameras throughout the bungy site and also interact with the multimedia system immediately to relive every moment of their exhilarating jump.
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Life cycles in Software and Knowledge Engineering : a comparative review. Michael Wilson‚ David Duce Informatics Dept.‚ Rutherford Appleton Laboratory Dan Simpson Dept. of Computer Science‚ Brighton Polytechnic. ABSTRACT Developments in software engineering have led to models of the system life cycle incorporating the use of prototyping and formal methods of program verification. These are becoming supported by integrated project support environments and permit the planning and monitoring
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An accountant’s responsibility in the SDLC is to ensure that the system applies proper accounting conventions and rules and possesses adequate control. ANS: T PTS: 1 4. In the conceptual design phase of the Systems Development Life Cycle (SDLC)‚ task force members are focused on selecting the new system design. ANS: F PTS: 1 5. When determining the operational feasibility of a new system‚ the expected ease of transition from the old system to the new system should be considered. ANS: T PTS:
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SUMMARY OF KEY POINTS OVERVIEW OF FINANCIAL STATEMENTS AUDIT * The audit enables the auditor to express an opinion whether financial statements are prepared‚ in all material respects‚ in accordance with and acceptable financial reporting framework. * Complete set of general purpose financial statements: * 1. balance sheets * 2. income statements * 3. statement of changes in equity * 4. cash flow statement * 5. summary of significant accounting policies and other
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IEEE standard SRS document. Also develop risk management and project plan (Gantt chart). 3. Identify Use Cases and develop the Use Case model. 4. Identify the business activities and develop an UML Activity diagram. 5. Identity the conceptual classes and develop a domain model with UML Class diagram. 6. Using the identified scenarios find the interaction between objects and represent them using UML Interaction diagrams. 7. Draw the State Chart diagram. 8. Identify the User Interface‚ Domain
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What Is Computer Software? When you think of a computer imagine a machine made of two parts. The first part is the computer hardware‚ the physical parts of the computer that you can actually touch. Some examples of hardware are disks‚ monitors‚ boards‚ chips‚ etc. Hardware does all of the physical work of the computer‚ from memory storage to display. The second part‚ what we call “computer software”‚ acts as the brain of the computer‚ telling the hardware what to do and when and how to do it
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Definition of Audit: To audit means to go through the process of examining and verifying a company ’s financial records and supporting documents. While a business might go through an audit for any number of reasons‚ such as wanting to attract investors‚ get a loan‚ or sell the business‚ for many business people the word "audit" is welded to the words "income tax". An income tax audit is an inspection and verification of a company ’s records and supporting documents conducted by a CRA (Canada
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WHAT IS A SOFTWARE A set of instructions that cause a computer to perform one or more tasks. The set of instructions is often called a program or‚ if the set is particularly large and complex‚ a system. Computers cannot do any useful work without instructions from software; thus a combination of software and hardware (the computer) is necessary to do any computerized work. A program must tell the computer each of a set of minuscule tasks to perform‚ in a framework of logic‚ such that the computer
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NIGHT AUDIT I- Functions of the Night Audit: ( The major functions of the night audit is to: • Verify posted entries to guest and non-guest accounts • Balance all front office accounts • Resolve room status and rate discrepancies • Monitor guest credit limits • Produce operational and managerial reports 1. The role of the night audit: ( The night audit requires attention to accounting detail‚ procedural controls‚ and guest credit restrictions. In this sense‚ the night auditor shall
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