...UNIVERSITY OF MASSACHUSETTS BOSTON COLLEGE OF MANAGEMENT DEPARTMENT OF ACCOUNTING AND FINANCE I. COURSE AND FACULTY IDENTIFICATION AF614 FINANCIAL AND MANAGERIAL AUDITING Fall 2015 INSTRUCTOR: PROF. T. HOGAN CONSULTING HOURS: Th 4:30-5:30 OFFICE M 5-412 or by appointment OFFICE PHONE (617) 287-7689 e-mail Thomas.hogan@umb.edu II. COURSE MATERIALS Messier Jr., William F., Steven M. Glover and Douglas F. Prawitt. Auditing and Assurance Services, ninth edition , 2014, ISBN 978-0-07-786233-6. McGraw-Hill \ Irwin publishers. Note: The ACL software will be used in an extra-credit assignment. Whittington, O. Ray. Wiley CPA excel Exam Review 2015, Auditing and Attestation ISBN: 978 111 891 7664 (paperback). III. COURSE BACKGROUND The course involves study of the theory and practice of professional auditing. The successful completion of the course provides a basic understanding of the nature of auditing, the responsibilities of auditors, and generally accepted auditing standards. It will provide a basic foundation to facilitate further study for those who wish to take professional examinations such as the Certified Public Accounting Exam, and the Certified Internal Auditing Exam. IV. LEARNING OBJECTIVES This course is concerned with the technical and conceptual skills involved in an audit or examination of financial statements. You will learn about Auditing Standards and...
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...SYLLABUS: Intermediate Accounting I- ACCT 301A (11636) FALL 2015 Department of Accounting Mihaylo College of Business and Economics California State University – Fullerton PART I: COURSE INFORMATION |Class time and location |: |MW 11:30AM-12.45PM, SGMH 2201 | |Instructor |: |Kristin Y. Li | |Office |: |SGMH 4385 | |Phone |: |657-278-3938 | |Email |: |krli@fullerton.edu | |Office Hours |: |T 1:00-4:00PM (Subject to Change) | | | | | REQUIRED TEXT AND MATERIALS Kieso, D. E., J. J. Weygandt and T. D. Warfield, 2014 FASB Update Intermediate Accounting, 15th edition, John Wiley and Sons, 2014. We will use WileyPLUS (www.wileyplus.com) for homework; WileyPLUS is required. If you purchase...
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...ACG 6805 Accounting Theory Fall 2015 Professor: Greg Trompeter Office: 323 BA I Phone: 407.823.2150 Office hours: Tuesday before class; as announced in class; and by appointment. Required texts: Readings available as noted below. • Trueblood cases from Deloitte. Available at: http://www.deloitte.com/view/en_US/us/About/university-relations/Deloitte-Foundation/0ac1264f0b0fb110VgnVCM100000ba42f00aRCRD.htm • FASB codification—password to be handed out in class. You may log in at http://aaahq.org/ascLogin.cfm Objectives This course examines: • How accounting principles are established and monitored by standard setters. • The strengths and weaknesses of various accounting methods and how applications of such methods affect decisions of users and preparers of financial statements. • Current issues facing standard setters and the profession. Grades will be determined as follows: 1. Class participation 45 possible points 2. Financial reporting timeline 5 possible points 3. Mini-cases (Trueblood, FASB, HBS or similar) 35 possible points 4. Problem sets and discussion question write-ups 30 possible points 5. Group presentation 10 possible points 6. Research paper 20 possible points 7. Final exam 5 possible points 150 possible points NOTE: I assume that you should plan to invest—at a minimum—three...
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...1.0 Executive Summary A quality education is sorely lacking in Asaba Delta State, Nigeria. The lack of quality education has had a detrimental impact on families and the society in that part of the state. Infant Jesus Academy School will be a top-notch and English-medium higher secondary school imparting quality education to children in the city of Asaba Delta State, Nigeria. The purpose of this business plan is to raise $100,000 for the development of Infant Jesus Academy School while showcasing the expected financials and operations over the next three years. Infant Jesus Academy School. (“the Company”) is a Nigerian based partnership that will provide Secondary education to customers in its targeted market using the Infant Jesus Academy School system. The Company is founded by the six (6) partners namely: 1. Okocha Daniel 2. Kekeh Peter 3. Erhiaganoma Orhien 4. Oweifie Onyinkuro 5. Jude Ekezue 6. Anwasia Anthonia The school will be managed by Dr. Okocha Daniel who is the General partner while the other five will be limited partners. 1.1 Vision Statement We at The Infant Jesus Academy School seek to cultivate a happy and caring community that fosters a culture of learning where success is celebrated. Aims * To create in our school a climate where everyone is recognised and respected. * To encourage everyone to achieve their goals and dreams. * To promote a healthy lifestyle which embraces physical, mental and emotional wellbeing amongst all. ...
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...I DEVELOPMENT OF AN ACCOUNTING INFORMATION SYSTEM FOR INTERNATIONAL MARKET ENTRIES Taking the accounting information system of Milkiland Intermarket as a base of research PROJECT THESIS Faculty of Business Field of Study: International Business Cooperative State University Baden-Wuerttemberg Mannheim Handed in by: Vladyslava Zhurenkova Address: Plumstruk 3, 23617 Obernwohlde Course: WIB-bi 13BI Student ID-Number: 8658655 Academic Tutor: Prof. Dr. Thomas Schuster Supervising Tutor at Milkiland Volodymyr Gontar Intermarket: Corresponding Company: Milkiland Intermarket Kyiv, Ukraine, 10th September 2014 II CONFIDENTIALITY STATEMENT The Project thesis on hand “Development of an accounting information system for international market entries Taking the Accounting information system of the Milkiland Intermarket as a base of research” Contains internal resp. confidential data of Milkiland Intermarket. It is strictly forbidden, To distribute the content of this paper (including data, figures, tables, charts etc.) as a whole or in extracts, To make copies or transcripts of this paper or of parts of it, To display this paper or make it available in digital, electronic virtual form. Exceptional cases may be considered through permission granted in written form by the author and the Milkiland Intermarket. Kyiv, Ukraine, 10th September 2014 ___________________ Signature III ABSTRACT This paper is focused on...
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...Lethbridge – Faculty of Management MANAGEMENT 3100 Intermediate Financial Accounting I Course Outline – Fall 2014 Instructor: Carla Carnaghan, Ph.D., CISA, CMA Office & Hours: Calgary Campus office, 5:00 – 6:00pm Thursdays. Please email for appointment, and for alternative times. Office hours may be done in person, with Webex, or by phone, and for smaller issues with email. E-mail: Carla.Carnaghan@uleth.ca (emails received in the evening, particularly after 10 PM, may not be responded to until the next day) Telephone: 1- 403-329-2351 (Lethbridge office – Please use e-mail where possible) Class Times: Y Section: Th 1800-2050 (S6013A) Course Web Page: on Moodle Course Pre-requisites* Prerequisites: MGT 2400; ECON 1010 and 1012 and STAT 1770 or admission to the CA Bridging Program/Professional Diploma in Accounting; a minimum C- grade is required in all prerequisite courses; MGT 3040 (co-requisite) * It is the responsibility of students to check the prerequisites for courses before registration. If students are registered in a course for which they do not have the prerequisites, and they have not received prior permission from the appropriate program chair, they can be de-registered. If this occurs after the drop/add date, tuition will not be refunded. Course Objectives Building from MGT 2100, this course examines the accounting concepts, principles, judgments, and techniques used in recording business...
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...CHAPTER 5 ACCOUNTING FOR MERCHANDISING BUSINESSES DISCUSSION QUESTIONS 1. Merchandising businesses acquire merchandise for resale to customers. It is the selling of merchandise, instead of a service, that makes the activities of a merchandising business different from the activities of a service business. Yes. Gross profit is the excess of (net) sales over cost of merchandise sold. A net loss arises when operating expenses exceed gross profit. Therefore, a business can earn a gross profit but incur operating expenses in excess of this gross profit and end up with a net loss. The date of sale as shown by the date of the invoice or bill. a. b. c. 5. 6. a. 1% discount allowed if paid within 15 days of date of invoice; entire amount of invoice due within 60 days of date of invoice. Payment due within 30 days of date of invoice. Payment due by the end of the month in which the sale was made. A credit memo issued by the seller of merchandise indicates the amount for which the buyer’s account is to be credited (credit to Accounts Receivable) and the reason for the sales return or allowance. A debit memo issued by the buyer of merchandise indicates the amount for which the seller’s account is to be debited (debit to Accounts Payable) and the reason for the purchases return or allowance. The buyer The seller 2. 3. 4. Sales to customers who use MasterCard or VISA cards are recorded as cash sales. b. 7. 8. 9. 10. a. b. Examples of such accounts include the following:...
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...Corporate Ethics and Government assignment Name: Grade Course: Tutor’s Name: (16, April, 2012) Corporate Ethics and Government assignment Introduction In recent past, corporate ethics and governance has attracted a great deal of public interest due to its apparent importance in the economic health of corporations and society. In general, corporate ethics and governance include the relationship of the company to its shareholders as well as the society. It also includes promotion of fairness, transparency, accountability in references to the mechanism used in the governance so that the actions taken are consistent with the shareholders interest. Therefore, to ensure that corporate ethics and governance is properly addressed, issues of transparency, accountability, measures of risk management, proper information flow both vertical and horizontal should be properly addressed. This will help the companies to adopt the appropriate legal compliance mechanisms to ensure that ethics and conduct of issues are formally addressed. However, compliance of corporate ethics and governance do not come in handy. There are several issues hurdles that several companies and organizations have undergone in achieving these milestones. This has made this topic to be widely discussed especially in the media as will be demonstrated in the articles that will be discussed here after. Most of the newspapers have taken this issue with a lot of seriousness and dedicated their time to discuss...
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...Plan…………………………………………………………………………… 22 VI. Financial Plan 32 VII. Exit Strategy 39 VIII. Appendices & References 41 Executive Summary Brilliant Minds Academy, LLC (BMA) will be a private school that offers group tutoring, individual tutoring, and a student supply store. BMA is scheduled to open on August 13th, 2012 at 113 Cumberland Avenue in Madison, Tennessee. The school and tutoring programs are on a year round schedule where the classes will meet for 45 days and break for 15 days. The owners chose a year round schedule so students have a more cohesive learning environment than the traditional 3 month summer break schedule. The Brilliant Minds Academy owners are [Names of everyone in your group]. These entrepreneurs have accounting, management, marketing, and technology backgrounds. Cinnamon Turner is the Chief Executive Officer, Rachel Blank is...
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...ACCOUNT CLASSIFICATION AND PRESENTATION Account Title Accounts Payable Accounts Receivable Accumulated Depreciation—Buildings Accumulated Depreciation—Equipment Advertising Expense Allowance for Doubtful Accounts Amortization Expense Bad Debt Expense Bonds Payable Buildings Cash Common Stock Copyrights Cost of Goods Sold Debt Investments Depreciation Expense Discount on Bonds Payable Dividend Revenue Dividends Dividends Payable Equipment Freight-Out Gain on Disposal of Plant Assets Goodwill Income Summary Income Tax Expense Income Taxes Payable Insurance Expense Interest Expense Interest Payable Interest Receivable Interest Revenue Inventory Classification A Current Liability Current Asset Plant Asset—Contra Plant Asset—Contra Operating Expense Current Asset—Contra Operating Expense Financial Statement Balance Sheet Balance Sheet Balance Sheet Balance Sheet Income Statement Balance Sheet Income Statement Income Statement Balance Sheet Balance Sheet Normal Balance Credit Debit Credit Credit Debit Credit Debit Debit Credit Debit Debit Credit Debit Debit Debit Debit Debit Credit Debit Credit Debit Debit Credit Debit (1) Debit Credit Debit Debit Credit Debit Credit Debit B Operating Expense Long-Term Liability Plant Asset C Current Asset Stockholders' Equity Intangible Asset Cost of Goods Sold Balance Sheet Balance Sheet Balance Sheet Income Statement Balance Sheet Income Statement Balance Sheet Income Statement Retained Earnings Statement Balance Sheet Balance...
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...cottage (and will continue to do so after he moves to Vancouver). In making the optimal use of his principal residence exemption, which of the following amounts is closest to the taxable capital gain he will recognize in 2013? a. b. c. d. $0 $93,000 $97,000 $99,000 Solution: The correct response is b. Hamilton home has been owned for 27 taxation years (including both 1987 and 2013). Muskoka area cottage has been owned for 16 taxation years (including both 1998 and 2013). Average annual gain for Hamilton home = ($470,000 - $135,000) / 27 years = $12,407 Average annual gain for Muskoka area cottage = ($450,000 - $200,000) / 16 years = $15,625 The optimal solution would be to allocate as much of the principal residence exemption as possible to the property with the highest average annual gain. Therefore, allocate the principal residence exemption to the Hamilton home for all the years from 1987 to 1997, inclusive (11 years) and to the Muskoka area cottage from 1998 to 2013, inclusive (16 years). The allocation limit is 16 years for the Muskoka area cottage since it was not owned by Richard prior to 1998. The amount of the capital gain that is shielded as a result of the principal residence exemption is determined by the following formula: Gain x (1 + the number of years as principal residence)/number of years owned =...
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...Course : Environmental Science The primary air pollutants in China Associate Professor : XU Bin Student: Dragan Cigoja Student number: 1593686 Mentor: Lecturer WU Bing The primary air pollutants in China API Air Pollution Index China State Environment protection Agency started with daily pollution monitoring from 2008 and it was covered 86 most important cities. Its purpouse is to check daily air quality by measuring the level of six atmospheric pollutants (table 1). Air pollutant Particle pollution Formula Source Health implication PM2.5 Particular matters of 2,5 micrometers or smaller. motor vehicles, power plants, residential wood burning, forest fires, agricultural burning Bring toxic chemicals and heavy metals into the body and with them risk of cancer as well as heart and lung diseases Particular matters larger than 2,5 micrometers and smaller tha 10 micrometers in diametar. Near roads and dusty industries irritation of the eyes, nose and throat coughing, chest tightness and shortness of breath,reduced lung function, irregular heartbeat, asthma attacks,heart attacks, premature death in people with heart or lung diseas. Short term exposures result with an multiplicity of harmful effects including bronchoconstriction and increased asthma symptoms. These effects are partialy important during the exercising or playing. long-term exposure to NO2 levels currently observed in Europe may decrease lung function and increase the risk of respiratory symptoms such as acute...
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...Senior School Prospectus 2014 Yr 10/VCE/VCAL/VET 2013 College Captains [pic] Madeline Hallett, Jake Thomas, Arnela Dug, Elias Joseph Contents |Contact Details |Page 3 | |Glossary of Terms |Page 4 | |Key Dates |Page 5 | |Year 10 overview |Pages 6 -10 | |Core Unit Descriptions |11 -30 | |Vocational Pathway Course Overview |31 - 32 | |Victorian Certificate of Education (VCE) Overview |33 - 37 | |Victorian Certificate of Education (VCE) Subjects |38 - 66 | |Victorian Certificate of Applied Learning (VCAL) Overview ...
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...Fourth Edition Financial & Managerial Accounting for MBAs Peter D. Easton Robert F. Halsey Mary Lea McAnally Al L. Hartgraves Wayne J. Morse Cambridge Business Publishers To my daughters, Joanne and Stacey —PDE To my wife Ellie and children, Grace and Christian —RFH To my husband Brittan and my children Loic, Cindy, Maclean, Quinn and Kay. —MLM To my wife Aline. —ALH To my family and students. —WJM Cambridge Business Publishers FINANCIAL & MANAGERIAL ACCOUNTING FOR MBAs, Fourth Edition, by Peter D. Easton, Robert F. Halsey, Mary Lea McAnally, Al L. Hartgraves, and Wayne J. Morse. COPYRIGHT © 2015 by Cambridge Business Publishers, LLC. Published by Cambridge Business Publishers, LLC. Exclusive rights by Cambridge Business Publishers, LLC for manufacture and export. ALL RIGHTS RESERVED. No part of this publication may be reproduced, distributed, or stored in a database or retrieval system in any form or by any means, without prior written consent of Cambridge Business Publishers, LLC, including, but not limited to, in any network or other electronic storage or transmission, or broadcast for distance learning. Student Edition ISBN 978-1-61853-102-5 Bookstores & Faculty: to order this book, call 800-619-6473 or email customerservice@cambridgepub.com. Students: to order this book, please visit the book’s website and order directly online. Printed in the United States of America. 10 9 8 7 6 5 4 3 2 1 About the Authors ...
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...GENERAL STUDIES SYLLABUS FALL SEMESTER 2015 ------------------------------------------------- COURSE NAME | MUS 1101 - Music Appreciation | CLASS MEETINGS | North Metro Campus (NMC): 20867: M – W: 12:00 – 1:15, Rm: 109. 20868: M – W: 1:30 – 2:45, Rm: 109. Marietta Campus (MC): 20945: T – TH: 3:00 – 4:15, Rm: B160. 20836: T – TH: 10:30 – 11:45, Rm: B160. | CAMPUS/ROOM | Room 231 – Mountain View Campus, Mornings. | CREDIT HOURS | 3 | PREREQUISITE | ENG 1101 with C or better. | INSTRUCTOR | Pedro R. Rivadeneira Ph.D. | FACULTY EMAIL | privadeneira@ChattahoocheeTech.edu | OFFICE HOURS | Online Mondays, Wednesdays and Fridays or any other time that works for you. | TEXTBOOK and other resources you will need. | Text Book: The Enjoyment of Music, 12th ed. Shorter Version, 2011, Kristine Forney, Andrew Dell’antonio and Joseph Machlis with the Online Study Space which includes Video and iMusic Examples and also the e-book. New York: Norton & Company. The e-book is recommended, it has everything you’ll need; text, visual and listening examples all in one place which you can stream and it is cheaper than the paper copy of the book. For instructions as to how to access or purchase the online materials you are going to be needing for this course go to the “Lessons” tab in Angel, then...
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