...Five responsibilities of the Chief Financial Officer As the Chief Financial Officer (CFO) you are responsible to the company’s Board of directors for all accounting and financial matters. The primary responsibility of the CFO is to control the cash flow position throughout the company. It is vital for the company to maintain the integrity of funds because cash is a king and the most important asset for any company. The second responsibility is to know and understand the company’s liabilities. It is important for the CFO to know the ratio of debt of his company to estimate what proportion of debt of his company relative to its assets. The CFO must aware of the contracts, statutory ,tax obligation of his company and the expectations of the loan. The CFO must understand and gauge the company performance in order to determine the strategy to become a very big, competitive and successful company and to generate customer value. The CFO must use different tools like financial ratio to determine the company’s expectation and the financial performance. The CFO is in charge to elaborate the budget and expense control of his company Because budget is a fact of the life, the CFO is responsible for overseeing the budget process, collecting the inputs and comparing the company’s actual performance with the budget. The CFO should maintain and create financial relationship with investment bankers, financial...
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...| |UNIVERSITI TUNKU ABDUL RAHMAN (UTAR) | | |FACULTY OF BUSINESS AND FINANCE (FBF) | | |Bachelor of Commerce (Hons) Accounting | Unit Plan | | | | | |Unit Code & |UBAF 2023 AUDITING | | |Unit Title: | | | | | | | |Course of Study: |Bachelor of Commerce (Hons) Accounting | | | | | | |Year...
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...The University of Illinois at Chicago College of Business Administration Department of Accounting...
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...ACC 491 Entire Course http://homeworkgallery.com/index.php/product/acc-491-entire-course/ http://homeworkgallery.com/index.php/product/acc-491-entire-course/ http://homeworkgallery.com/index.php/product/acc-491-entire-course/ ACC 491 Week 1 Individual Assignment Generally Accepted Auditing Standards Paper Write a 700- to 1,050-word paper in which you explain the nature and functions of auditing. Relate your explanation to the audit functions in your organization, or an organization with which you are familiar. In your paper, be sure to address the following: Describe the elements of the Generally Accepted Auditing Standards (GAAS). Describe how these standards apply to financial, operational, and compliance audits. Explain the effect that the Sarbanes-Oxley Act of 2002, and the Public Company Accounting Oversight Board (PCAOB), will have on audits of publicly traded companies. Discuss the additional requirements that are placed on auditors from this Act, and the actions of the PCAOB. ACC 491 Week 1 DQs Access the SEC home page at http://www.sec.gov. What is one of the most recent litigation brought by the SEC against a public firm or against an accounting firm? Read the abstract of the complaint and download the document filed with the court. Comment on the nature of the litigation. What is one the most recent Staff Accounting Bulletin that provides guidance to the profession? What was the...
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...|[pic] |Syllabus | | |School of Business/Graduate | | |ACC/546 Version 2 | | |Auditing | Copyright © 2009, 2008, 2007 by University of Phoenix. All rights reserved. Course Description In this course, students focus on the auditing practice performed by public accountants. Topics include the CPA profession and the auditor’s role, planning the audit, audit reporting and required communications, evaluating internal controls, audit programs for current assets and liabilities, and audit programs for other business cycles. Policies Faculty and students/learners will be held responsible for understanding and adhering to all policies contained within the following two documents: • University policies: You must be logged into the student website to view this document. • Instructor policies: This document is posted in the Course Materials forum. University policies are subject to change. Be sure to read the policies at the beginning of each class. Policies...
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...ACC 375 WEEK 1 DISCUSSION QUESTION 2 To purchase this visit here: http://www.nerdypupil.com/product/acc-375-week-1-discussion-question-2/ Contact us at: nerdypupil@gmail.com ACC 375 WEEK 1 DISCUSSION QUESTION 2 Explain the different types of risk, such as audit risk, inherent risk, control risk and detection risk. How can a company assess its fraud risk? Home Work Hour aims to provide quality study notes and tutorials to the students of ACC 375 Week 1 Discussion Question 2 in order to ace their studies. ACC 375 WEEK 1 DISCUSSION QUESTION 2 To purchase this visit here: http://www.nerdypupil.com/product/acc-375-week-1-discussion-question-2/ Contact us at: nerdypupil@gmail.com ACC 375 WEEK 1 DISCUSSION QUESTION 2 Explain the different types of risk, such as audit risk, inherent risk, control risk and detection risk. How can a company assess its fraud risk? Home Work Hour aims to provide quality study notes and tutorials to the students of ACC 375 Week 1 Discussion Question 2 in order to ace their studies. ACC 375 WEEK 1 DISCUSSION QUESTION 2 To purchase this visit here: http://www.nerdypupil.com/product/acc-375-week-1-discussion-question-2/ Contact us at: nerdypupil@gmail.com ACC 375 WEEK 1 DISCUSSION QUESTION 2 Explain the different types of risk, such as audit risk, inherent risk, control risk and detection risk. How can a company assess its fraud risk? Home Work Hour aims to provide quality study notes and tutorials to the students of ACC 375...
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...ACC 410 Assignment 1 Financial Statement / Audit Report Review Follow Below Link to Download Tutorial https://homeworklance.com/downloads/acc-410-assignment-1-financial-statement-audit-report-review/ For More Information Visit Our Website ( https://homeworklance.com/ ) Email us At: Support@homeworklance.com or lancehomework@gmail.com Assignment 1: Financial Statement / Audit Report Review Due Week 4 and worth 240 points Select one (1) local government in your state or area and review the financial statements and audit report for the county or municipality. The financial statements of the government you selected should have at least three (3) funds. Refer to the continuing problem homework for Weeks 1 through 3 for this assignment. Write a three to five (3-5) page paper in which you: 1.Compare and contrast the comprehensive annual financial report (CAFR) of the selected local government entity with the city of Austin report from Week 1 homework. In your comparison, include: a.Publication method of the CAFR b.Audit and budget information in the CAFR c.The type of audit report issued d.Existence or non-existence of an internal audit function within the government entity 2.Prepare the analysis for the selected local government entity, including information on the introduction, financial section, and statistical section prepared in the city of Austin’s CAFR from chapter 2. 3.Analyze the methods used by the selected local government entity in comparing...
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...|[pic] |Course Syllabus | | |School of Business | | |ACC/542 Version 2 | | |Accounting Information Systems | Copyright © 2009, 2007 by University of Phoenix. All rights reserved. Course Description In this course, students examine the fundamentals of accounting systems design. Topics include business information systems, business processes and data flows, database concepts and tools, internal control and risks, auditing the information system, and using the information system to perform audit functions. Policies Faculty and students/learners will be held responsible for understanding and adhering to all policies contained within the following two documents: • University policies: You must be logged into the student website to view this document. • Instructor policies: This document is posted in the Course Materials forum. University policies are subject to change. Be sure to read the policies at the beginning of each class. Policies may be slightly different depending...
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...MEMORANDUM To: Headmaster, Acting Board of directors and Members Of the Audit Committee From: Ronald Anson, Athletic Director Date: 3/15/2015 ------------------------------------------------- Subject: Self-Audit of Title IX in Athletic Program Broadwater Academy PURPOSE AND AUTHORITY The Headmaster and Board of Directors want to be proactive, they would like the athletic department to conduct a Title IX audit. This audit is to ensure the Broadwater Academy is in compliance with all Title IX criteria for athletics. SCOPE AND METHODOLGY To help understand why this audit is being conducted, it is necessary to have some history: “The original legislation, Title IX of the Educational Amendments of 1972, 20 U.S.C 1681 et seq., is a Federal statute that was signed into law by President Richard Nixon on June 23, 1972.” (NIAAA, 2011) “Title IX regulations provide that: No person shall on the basis of sex, be excluded from participation in, be denied the benefits of, be treated differently from another person, or otherwise be discriminated against in any interscholastic, intercollegiate, club or intramural athletics offered by a recipient, and no recipient shall provide such athletics separately on such basis.” (Justice) Justice, T. U. (n.d.). http://www.justice.gov/crt/about/cor/coord/ixlegal.php. Retrieved from Title IX Legal manual: http://www.justice.gov/crt/about/cor/coord/ixlegal.php NIAAA. (2011). Leadership Training LTC 506 Legal Issues II;...
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...MKTG 320 Week 8 Final Exam Purchase here https://sellfy.com/p/dgXT/ Product Description MKTG-320 Market Research Week 8 Final1. (TCO 1) Explain the of three types of marketing information. (Points : 22) 2. (TCO 2) The international marketing research process is more complex than that of a domestic research process. Please explain with examples. (Points : 22) 3. (TCO 3) In determining a location for a convenience copying center, what kinds of secondary data should be available for each proposed location? (Points : 22) 4. (TCO 4) Provide examples where a product audit would be much more suitable. Provide examples where a Nielsen store audit would be more useful. (Points : 22) 5. (TCO 5) Explain the two types of consumer purchase panels. (Points : 22) 6. (TCO 6) Explain the observational method, both pros and cons. (Points : 22) 7. (TCO 7) Explain the practical problems encountered in using a sales response criterion for budgeting and evaluation purposes. (Points : 22) 8. (TCO 8) What is a disguised question and when is it normally used? (Points : 22) 9. (TCO 9) Define simple random sampling and systematic sampling, including an example of use. (Points : 22) 10. (TCO 10) Define penetration pricing. (Points : 22) MKTG 320 Week 8 Final Exam Purchase here https://sellfy.com/p/dgXT/ Product Description MKTG-320 Market Research Week 8 Final1. (TCO 1) Explain the of three types of marketing information. (Points : 22) 2. (TCO 2) The international marketing...
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...BSOP 434 WEEK 5 ASSIGNMENT To purchase this visit here: http://www.activitymode.com/product/bsop-434-week-5-assignment/ Contact us at: SUPPORT@ACTIVITYMODE.COM BSOP 434 WEEK 5 ASSIGNMENT Chapter 3: Question 3: Name the six general types of information management systems, and give one logistics application for each one that you’ve named. Chapter 13: Question 2: What is activity-based costing (ABC)? What are the five steps of the ABC process? Question 17: Describe the two issues that managers face with respect to computer and data security. Chapter 14: Question 3: What are the differences between a centralized and a decentralized logistics department? Question 20: Name the seven types of comprehensive logistics systems audits that should be performed. Which do you view as the most important? The least important? Why? Activity mode aims to provide quality study notes and tutorials to the students of BSOP 434 Week 5 Assignment in order to ace their studies. BSOP 434 WEEK 5 ASSIGNMENT To purchase this visit here: http://www.activitymode.com/product/bsop-434-week-5-assignment/ Contact us at: SUPPORT@ACTIVITYMODE.COM BSOP 434 WEEK 5 ASSIGNMENT Chapter 3: Question 3: Name the six general types of information management systems, and give one logistics application for each one that you’ve named. Chapter 13: Question 2: What is activity-based costing (ABC)? What are the five steps of the ABC process? Question 17: Describe the two issues that managers face...
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...ACC 403 WEEK 2 A+ Graded Tutorial Available At: http://hwsoloutions.com/?product=acc-403-week-2 Visit Our website: http://hwsoloutions.com/ Product Description ACC 403 Week 2 , The annual audit of Midwestern Manufacturing revealed that sales were accidentally being recorded as revenue when the goods were ordered, instead of when they were shipped. Assuming the amount in question is material and the client is unwilling to correct the error, the CPA should issue: An unqualified opinion or adverse opinion. A qualified “except for” opinion or disclaimer of opinion. A qualified “expect for” opinion or adverse opinion. An unqualified opinion with an explanatory paragraph Under which of the following circumstances would a disclaimer of opinion not be appropriate? The auditor is unable to determine the amounts associated with an employee fraud scheme. Management does not provide reasonable justification for a change in account principles. The client refuses the auditor permission to confirm certain accounts receivable or apply alternative procedures to verify their balances. The chief executive officer is unwilling to sign the management representation letter. The opinion paragraph of a CPA’s reports states: “ In our opinion, except for the effects of not capitalizing certain lease obligations, as discussed in the preceding paragraph, the financial statements present fairly, in all material respects…” This paragraph expresses a(n) Unqualified opinion Unqualified...
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...information systems, business processes and data flows, database concepts and tools, internal control and risks, auditing the information system, and using the information system to perform audit functions. Policies Faculty and students/learners will be held responsible for understanding and adhering to all policies contained within the following two documents: University policies: You must be logged into the student website to view this document. Instructor policies: This document is posted in the Course Materials forum. University policies are subject to change. Be sure to read the policies at the beginning of each class. Policies may be slightly different depending on the modality in which you attend class. If you have recently changed modalities, read the policies governing your current class modality. Course Materials Bagranoff, N. A., Simkin, M. G., & Strand Norman, C. (2008). Core concepts of accounting information systems (10th ed.). New York, NY: Wiley. Hunton, J. E., Bryant, S. M., & Bagranoff, N. A. (2004). Core concepts of information technology auditing. Hoboken, NJ: Wiley. O’Brien, J. A. & Marakas, G. M. (2008). Management information systems (8th ed.). Boston, MA: McGraw-Hill. All electronic materials are available on the student website. Week One: Characteristics of Accounting Information Systems | | Details | Due | Points | Objectives | 1.1 Describe the characteristics of general computer systems.1.2 ...
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...Discuss the Need for Outsourcing the Internal Audit Function in A Company Traditional internal audit function is defined as an independent appraisal activity to review internal control activities in companies. Dezoort (2001) implies that with the extension of business activities, the internal audit function has evolved from the traditional supervision to value adding which includes a wider scale of audit-related work so as to maximize the value of a business company. This focus on adding value to the corporation through a variety of internal audit services has raised concerns about the ability of in-house auditors to perform the wider-scale audit function in a more professional and cost-saving manner (Chapman and Anderson, 2002). Due to fierce market competitions and overcapacities, company managements set out to downsize company staff and put the focus on its profit-producing business, tending to outsource (referred to the practice that one accounting firm provides audit-related services for a business organization) internal audit function to engage external specialists to present a highly cost-saving and professional performance. Although some evidence suggests that there are many limitations of outsourced activities, this essay asserts that outsourced internal audit function plays an essential role in the development process of a corporation and there is a need to outsource that function. In consequence, these positive effects on companies will be described principally...
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...com/acc-491-contemporary-auditing-1-complete-course-final-exam Product Description WEEK 1 Individual Assignment, Generally Accepted Auditing Standards Discussion Questions 1, 2 and 3 Weekly Summary WEEK 2 Individual Assignment from Text, Questions 1-23 Learning Team, Auditing, Attestation, and Assurance Services Paper 1 Learning Team, Auditing, Attestation, and Assurance Services Paper 2 Discussion Questions 1, 2 and 3 WEEK 3 Individual Assignment from Text, 5-29, 5-30, 6-20, 6-21, 6-22, 7-22 Learning Team Assignment, Assessing Materiality and Risk Simulation Paper Learning Team Assignment, Assessing Materiality and Risk Assessment Presentation Learning Team Assignments from Text, Exercises 6-26, 7-25 Discussion Questions 1, 2 and 3 WEEK 4 Individual Assignment from Text, 8-15, 8-16, 10-31, 10-32 Learning Team Assignment - Apollo Shoes Case Assignment Discussion Questions 1, 2 and 3 WEEK 5 Individual Assignment from Text, 11-6, 11-8, 11-9, 13-8 Learning Team Assignment - Audit Sampling Case Memo Weekly Summary Final Examination ACC 491 Contemporary Auditing 1, Complete Course + Final Exam Purchase here http://chosecourses.com/acc-491-contemporary-auditing-1-complete-course-final-exam Product Description WEEK 1 Individual Assignment, Generally Accepted Auditing Standards Discussion Questions 1, 2 and 3 Weekly Summary WEEK 2 Individual Assignment from Text, Questions 1-23 Learning Team...
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