Chinese accounting system has a rapid changed during the past decades‚ whatever it changes‚ the identity of Chinese accounting form is obviously shown to the world. Professionalism vs. Statutory Control “Even after the recent reforms ···accounting practices remain that reflect the state-controlled nature of the Chinese economy”（Adhikari‚1995‚Accounting for China） In China‚ accounting law is established by The Department of Administration of Accounting within the Ministry of Finance‚ accounting profession
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Accepted Auditing standards (GAAS) -Audit procedure -Audit standard 2-2. Fundamental Principle: Responsibilities -Competence and Capabilities -Independence and Due care --Independence in fact --Independence in appearance -Professional Skepticism and Professional Judgment 2-3. Fundamental Principle: Performance -Reasonable Assurance -Planning and Supervision --Audit plan -Materiality -Risk Assessment --Internal Control --Risk of Material misstatement --Inherent risk --Control Risk --Defection risk --Substantive
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1. HOW DO THE FOLLOWING TYPES OF COMPUTER DIFFER? 2. Analog versus Digital Computers 3. Special purpose versus General Purpose Computers 2. IDENTIFY THE FEATURES OF THE FIRST FIVE GENERATION OF COMPUTERS. The main features of First Generation are: * Vacuum tube technology * Unreliable * Supported Machine language only * Very costly * Generate lot of heat * Slow Input/output device * Huge size * Need of A.C. * Non portable * Consumed lot of electricity
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competitive advantage. Current Management Controls with Evaluation and Recommendations: Early in 3M ’s history‚ chair and CEO William L. McKnight introduced a number of formal and informal controls to enable the corporation to innovate consistently and achieve its goals. The current management has continued to expand and embrace these controls‚ believing innovation to be the cornerstone of 3M ’s future. 1. 3M promoted intrapreneurship This is a very good control. 3M was the leader in intrapreneurship
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Internal and External Users of Accounting Data Accounting data is important to the many stakeholders of a business. By analyzing the data‚ stakeholders can determine many things about a business‚ including its profitability‚ current cash position‚ whether it might be able to repay loans‚ and much more. Users of accounting data fall into two categories: internal users‚ and external users. Internal users of accounting data are actually employed within the business‚ and use the
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“Liberal” Vs “Conservative” Comparison Chart This chart is taken from studentnewsdaily.com (2005) and seems to be a pretty fair representation. I have edited the format to improve readability. Remember: This is subjective social science. (Subject to debate and interpretation.) -Mr. B. General Philosophies “LIBERALS” - believe in government action to achieve equal opportunity and equality for all‚ and that it is the duty of the State to alleviate social ills and to protect civil liberties
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Executive Summary This report aims at finding suitable accounting software to replace current accounting system that no longer meet the needs of the company. A brief introduction to the company Q.L. Medicine is firstly delivered‚ followed by a comprehensive needs analysis‚ which focuses on the requirement of a new accounting software. Three solutions—Microsoft Dynamics AX‚ Sage PFW and TRAVERSE—will then be provided. Each will be evaluated with the same criteria and then conclude with the best
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– Skills Module‚ Paper F8 (UK) Audit and Assurance (United Kingdom) 1 (a) (i) Importance of reporting to those charged with governance June 2013 Answers In accordance with ISA 260 (UK and Ireland) Communication with those charged with governance‚ it is important for the auditors to report to those charged with governance as it helps in the following ways: (1) It assists the auditor and those charged with governance in understanding matters related to the audit‚ and in developing a constructive
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Introduction Self-regulated: the standards governing audits were established by members of the profession themselves Sarbanes-Oxley Acct of 2002 Created: Public Company Accounting Oversight Board (PCAOB) to provide external and independent oversight over the audits of public entities Responsible for registering public accounting firms‚ establishing standards for audit engagements‚ and inspecting the quality of audits conducted by public accounting firms ****Generally Accepted Auditing Standards
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computer there always be a computer shop to serve you. They give convenience to the people. Many of the people have no personal computer at their home. That’s why they go to the computer shop to use computer. Many of the computer shop have their own style of convincing people to go their shop. They do a promo to have more customers. That’s why I and my group mate do a proposal for a computer shop business. To explore the world of computer shop business. Please guidance of our proposal. Objective
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