...Bachelor of Science in Accountancy as an in Demand Course in De La Salle Lipa A Term Paper Presented to Ms. Imelda Marquez English Language Area De La Salle Lipa In Partial Fulfillment of the Requirements for COMSKI2 Term 2, School Year 2012-2013 by Pasia, Trishia A. Sumilong, Melissa Mei D. Abstract Many students take up Bachelor of Science in Accountancy in De La Salle Lipa. In this research paper, the being in demand of the course and the effect of having job opportunities after graduating in college in the career choice of the students, the difficult situations they face, how they deal with them and their expectations of their career were being studied. This was done with the use of qualitative method. The researchers interviewed twenty-two (22) Accountancy students about their perceptions on their course. They summarized and concluded their answers to obtain the needed results and they found out that career opportunities really matter in choosing a course because the Accountancy students considered their future in doing this. Though they faced challenges in taking their course, they did their utmost to overcome these and obtain their wanted profession. In addition, they expected to have a good job in the future through this career. This paper further concluded that the students were motivated to study harder and to perform better despite of the difficult situations because of the nice future that was waiting for them and because of their high expectations...
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...2013-2014 CPA, CMA Candidate’s Guide 2013-2014 Candidate’s Guide Note to Readers Dear Candidates: You have chosen the CPA profession, one of the most demanding and enriching that there is. We congratulate you and promise to do everything we can to make this the best choice for your professional development. Specially designed for you, this guide provides detailed descriptions of all components of the CMA Strategic Leadership Program, at the end of which all conditions for obtaining the CPA designation should be fulfilled. This guide is an essential tool that you should read carefully since it outlines all of the rules governing the Program. These rules are intended to ensure, on the one hand, that all candidates master the skills necessary to practice the profession and, on the other hand, that everyone is treated equally. It is in this spirit that the moderators, correctors and staff of the Order make sure that they are respected. Note: Wherever there is a difference in interpretation, the French version of this Guide will prevail over the English version. o Happy reading! 2 2013-2014 Candidate’s Guide Table of contents Note to Readers Chapter 1 CMA Strategic Leadership Program (SLP) 1.1 1.2 SLP objectives and basics The SLP in steps 1.2.1 Phase 1 - Development 1.2.1.1 Learning activities 1.2.2 Case Examination 1.2.3 Phase 2 - Application 1.2.4 Report to the Board 1.2.5 Practical experience Evaluation methods for learning activities and national...
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...Tianyi “Cindy” Wang 1717 Broadway Street, Apt. #C New Orleans, LA 70118 (504)344-0647 twang6@tulane.edu EDUCATION Tulane University, A.B. Freemen School of Business New Orleans, LA Master of Accounting May 2016 Upon graduation, I will have met the educational requirements to sit for the CPA exam and become licensed in the state of NY, CA, TX, and MA. Tulane University, A.B. Freemen School of Business New Orleans, LA Bachelor of Science in Management May 2016 Major: Finance Overall GPA: 3.79 Finance Major GPA: 3.88 (13 courses) Accounting Major GPA: 4.0 (4 courses) Honors: Dean’s List (3 semesters) Burkenroad Reports, Research Equity Analyst (Currently Enrolled) • Interviewed management, conducted industry and business analyses, and produced cash flow and earning models as member of four-student team in nationally recognized securities research program • Published an investment research report on Company XYZ (Stock Index / Market-Nasdaq, NYSE, AMEX), based on our findings, which will be presented at the annual conference in April EXPERIENCE ALPHA LAMBDA DELTA, Women’s honor society New Orleans, LA President May 2014- Present • Elected by fellow students to provide leadership to the entire society • Coordinated with other executive members to disseminate information on proposal • Developed legacy plan to encourage new students to join the committee KPMG Shanghai...
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...Propositions to be proven to take a deduction under IRC section 162(a): -Must be expenditures for education (including research undertaken as part of an educational program) -the education must: - maintain or improve skills required by taxpayer in their employment or other trade or business OR -meet the express requirements of the taxpayers employer, or the requirements of applicable law or regulations, imposed as a condition to the retention by the taxpayer of an established employment relationship, status, or rate of compensation -the education must not be: -education for Minimum education requirements, or -education for qualification for a new trade or business I. Citation: Rev. Rul. 74-78, 1974-1 C.B. 44 II. Facts: The taxpayer, a dentist engaged in general dental practice, returned to dental school for...
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...IMPORTANT AICPA INFORMATION ON SARBANES-OXLEY |How the Sarbanes-Oxley Act of 2002 Impacts the Accounting Profession (AICPA) | | | | | | | | | | | | | | | | | | | | ...
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... |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 may be slightly different depending on the modality in which you attend...
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...Ethics Writing Sharon Black Kaplan University Abstract Many businesses that have had a good year very often pay some of their bills ahead, ie utilities, rent, etc that would have been paid in the new year but have the bills on hand and increasing the inventory will adjust the cost of goods of the current year which could result in a change in the taxable income for the current year. If you maintain an inventory you do not expense it as you purchase it, buying ahead would only affect your inventory on hand and your cost of goods. The LIFO accounting method for a business’s inventory (standing for last in, first out) has come under fire from Congress and the White House Sometime in 2012 President Obama recommended repealing this accounting method, saying it was a way for businesses to qualify for significant tax breaks during inflationary times, cutting down on the amount of money and that they then pay to the federal government. The government prefers hat businesses instead follow the inventory accounting method of first in, first out, or FIFO. Upon reviewing the provided information given, he has instructed them to make a large purchase of inventory for delivery 3 days before the end of the year. They are doing that to lower the income, which I don’t think this is ethical. I don’t think that R.J. would have given the same directive if they would have been using the FIFO method. The US Treasury Department, is calling for a repeal of LIFO, says that the accounting method...
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...University of Phoenix ACC/561PR Prof Rafael Marrero Diaz November 26, 2014 Accounting Laws Memo To: Rafael Rodriguez From Carlos Carrion Pastrana – Business Consultant Re: Process and Laws that apply in Puerto Rico to establish a business corporation. It is a pleasure to help and guide you through the process of regulations and steps in establishing a community pharmacy in Puerto Rico. This type of business is very regulated and includes both state and federal laws. -The first thing that must be done is to get incorporated in the Department of State in accordance with the corporations law 164 of 2009 with a company name that is not registered yet and offering a physical address into which municipality will be the headquarters. Then a business social security issued by the Department of Treasury Internal Revenue Services must be obtained. This number will identify the corporation when doing business among other business and when paying taxes to the state and municipality. -A merchant registry number (registro de comerciante) must be obtained also by the department of treasury, here you will specify the exact mailing and physical address and what type of business will be conducted under that corporation. Additional documents are needed: * Lease Contract * Use Permit (Obtained in the municipality if it is autonomous, if not in OGP offices) and is granted by ARPE * Fire Department endorsement (Extinguishers and emergency exits) *...
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...4.1 Excerpt Executive Summary Framework COBIT 4.1 The IT Governance Institute® The IT Governance Institute (ITGITM) (www.itgi.org) was established in 1998 to advance international thinking and standards in directing and controlling an enterprise’s information technology. Effective IT governance helps ensure that IT supports business goals, optimises business investment in IT, and appropriately manages IT-related risks and opportunities. ITGI offers original research, electronic resources and case studies to assist enterprise leaders and boards of directors in their IT governance responsibilities. Disclaimer ITGI (the “Owner”) has designed and created this publication, titled COBIT® 4.1 (the “Work”), primarily as an educational resource for chief information officers (CIOs), senior management, IT management and control professionals. The Owner makes no claim that use of any of the Work will assure a successful outcome. The Work should not be considered inclusive of any proper information, procedures and tests or exclusive of other information, procedures and tests that are reasonably directed to obtaining the same results. In determining the propriety of any specific information, procedure or test, CIOs, senior management, IT management and control professionals should apply their own professional judgement to the specific circumstances presented by the particular systems or IT environment. Disclosure © 1996-2007 IT Governance Institute. All rights reserved. No part of...
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...ITS SETTING I. Introduction As professionals, CPAs perform an essential role in society. They are responsible to all those who use their professional services. They also have a continuing responsibility to improve the art of accounting, maintain the public’s confidence, and carry out the profession’s special responsibilities for self-governance. However, the role of a CPA in helping businesses come up with a good and effective decision-making is said to be one of the important responsibilities of a CPA. The many traditional roles of a CPA in assisting businesses take on even greater importance in a volatile economic environment. CPAs are relied upon so much because of not only their keen analytical and decision-making skills but also their objectivity, integrity and dedication to service. Many CPAs provide services well beyond accounting, auditing and reporting. The consumer often expects a CPA to be proficient at many specializations, even those just indirectly related to the traditional role of an accountant. The CPA's role has been quickly expanding, and one leading CPA proposed that the term CPA more appropriately stand for Certified Professional Advisor. (www.picpa.org) A CPA is much more than its definition of Certified Public Accountant. The term certified refers to the licensing to carry on business as a CPA and meeting the standards as promulgated by the American Institute of CPAs and the various state societies. The term public accountant...
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...ITS SETTING I. Introduction As professionals, CPAs perform an essential role in society. They are responsible to all those who use their professional services. They also have a continuing responsibility to improve the art of accounting, maintain the public’s confidence, and carry out the profession’s special responsibilities for self-governance. However, the role of a CPA in helping businesses come up with a good and effective decision-making is said to be one of the important responsibilities of a CPA. The many traditional roles of a CPA in assisting businesses take on even greater importance in a volatile economic environment. CPAs are relied upon so much because of not only their keen analytical and decision-making skills but also their objectivity, integrity and dedication to service. Many CPAs provide services well beyond accounting, auditing and reporting. The consumer often expects a CPA to be proficient at many specializations, even those just indirectly related to the traditional role of an accountant. The CPA's role has been quickly expanding, and one leading CPA proposed that the term CPA more appropriately stand for Certified Professional Advisor. (www.picpa.org) A CPA is much more than its definition of Certified Public Accountant. The term certified refers to the licensing to carry on business as a CPA and meeting the standards as promulgated by the American Institute of CPAs and the various state societies. The term public accountant...
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... - Review data regarding material assets, net worth, liabilities, capital stock, surplus, income, and expenditures. - Inspect items in books of original entry to determine if accepted accounting procedure was followed in recording transactions. - Verify journal and ledger entries of cash and check payments, purchases, expenses, and trial balances by examining and authenticating inventory items. - Good understanding of IFRS and US GAAP. List of companies which have been audited: - Banque du caire (Cairo bank). - Al-Watania for steel - Cement Plant Consultants (CPC) - Bell Egypt Foods “La vache qui rie” - Orascom for Housing Communities (OHC) - Tamweel for mortgage finance...
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...both Mark and Leslee. She endorsed all checks which were deposited in their joint account and she wrote checks out of this account as well. Although Mark maintained a separate account for his gambling winnings and stock gains, this does not however relieve Leslee from liability. Leslee may not have had actual knowledge of his winnings, but because of her involvement in the activity such as, accompanying Mark to race tracks and to Las Vegas, where it was known he was a big gambler, evidenced by their rooms always being complimentary, as well as any costs associated with their stays, she admitted to watching her husband gamble and when she got bored she would watch shows or go shopping where she would spend thousands of dollars at a time. Under these circumstances, a prudent person would have a duty to inquire as to his gambling activities. Mark may also be able to offset his understated gains by any losses he may be able to prove to reduce the deficiency assessed. The fact that California is a community property state or that the return was prepared by a CPA are not influential factors in looking at the applicable authority. Section 6013(a) of the Internal Revenue...
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...Auditing and Assurance Services, 15e (Arens) Chapter 4 Professional Ethics Learning Objective 4-1 1) Ethics are: A) needed in the professions, but is not needed for society in general. B) a set of moral principles or values. C) not formed by life experiences. D) always incorporated in laws. Answer: B Terms: Ethical Principles Diff: Easy Objective: LO 4-1 AACSB: Ethical understanding and reasoning abilities 2) ________ means that a person acts according to conscience, regardless of the situation. A) Caring B) Fairness C) Integrity D) Respect Answer: C Terms: Ethical principles and integrity Diff: Moderate Objective: LO 4-1 AACSB: Ethical understanding and reasoning abilities 3) One of the main reasons people act unethically is that they choose to act selfishly. A) True B) False Answer: A Terms: Ethical Principles Diff: Easy Objective: LO 4-1 AACSB: Ethical understanding and reasoning abilities Learning Objective 4-2 1) A six-step approach is often used to resolve an ethical dilemma. The first step in this process is to: A) identify the alternative actions available. B) identify the ethical issues from the facts. C) determine who will be affected by the outcome of the dilemma. D) obtain the relevant facts. Answer: D Terms: Ethical dilemma Diff: Moderate Objective: LO 4-2 AACSB: Ethical understanding and reasoning abilities 2) Describe an ethical dilemma that an auditor or an accountant might face in his...
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...Computer Information System Brief – Kudler Fine Foods Kelly Singh ACC/542 September 14, 2015 Dr. Joseph Oloyede Computer Information System Brief – Kudler Fine Foods Kudler Fine Foods (KFF) is an upscale specialty food store in Southern California. The store has three retail locations (La Jolla, Del Mar, and Encinitas) located near high-end shopping areas. Each location offers a selection of bakery, produce, packaged food, meat, cheese and seafood selections. KFF's mission is to provide high-end food selections from around the world to a selective clientele. KFF’s founder and owner, Kathy Kudler, is the primary decision making and executive authority on behalf of KFF. Singh Consulting, LLC, has reviewed KFF's current business needs. Strengths and weaknesses are analyzed, and opportunities and threats under KFF's current computer systems. We are pleased to make the following recommendations for accounting and inventory management, marketing, human resources and security. These recommendations will support KFF's long-term business objectives and ensure KFF is well positioned to meet its long-term growth and financial goals. Business Needs KFF experienced rapid and significant growth in the early stages of its operation. KFF's current business strategy focuses on expanding services, improving the efficiency of its operations and increasing the consumer purchase cycle as a means to increasing customer loyalty and store profitability. Accounting...
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