ACT 803 FINAL STUDY GUDE Chapter 19: Audit of the Acquisition and Payment Cycle: * Be able to identify accounts that will likely be affected by weak internal I/C. ACCOUNTS PAYABLE flows into: -cash in bank / Raw material purchases -purchase R&A / PPE -purchase disc / Prepaid Expenses ….which then flows into Manufacturing/Selling/Admin Expense Control Accounts CLASSES OF TRANSACTIONS/ACCOUNTS Acquisitions: Cash Disbursements: * Inventory
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* Information useful in assessing amount, timing and uncertainty of future cash flows. * Information about economic resources, claims to resources, and changes in resources and claims. * The primary financial statements * Balance Sheet * Income Statement * Statement of Cash Flow * Characteristics of Externally Reported Information * A Means to an End * Broader than Financial Statements * Historical in Nature * Results from Inexact
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cash in an enterprise to be known as EA Corporation. During 2012 EA corporation: - purchased raw material for an amount of 200.000 Euro (cash payment) - collected a 500.000 Euro loan from a Bank; - purchased plant and machinery for 400.000 Euro (deferred payment) - purchased a piece of land for 100.000 (cash payment) - paid employee salaries of 50.000 Euro - sold products for an amount of 350.000 Euro (cash collection) - Raw materials
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Accounting 350, Fall 2009, Day Quiz #2, Chpts. 5 & 6 |1. |Houghton Company has the following items: common stock, $720,000; treasury stock, $85,000; deferred taxes, $100,000 and retained| | |earnings, $313,000. What total amount should Houghton Company report as stockholders' equity? | |A) |$848,000. | |B) |$948,000. (720-85+313)
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bond approaches maturity. - Cash received by Lyons from 8% bond issue (refer excel sheet):10,000 bonds @ PV = $9,079,920.78 (40 periods, 4.5%, $400,000 payment, $10,000,000 FV) - Recomputed amounts from balance sheet for 2006, 2007: $9,258,589.55 & $9,292,611.26 Recalculating the amounts for long term debt (at 6% effective rate) shown in the balance sheet 2007($) Bonds Payable Less: premium 10,000,000 2006($) 10,000,000 1,741,314,77 11,741,314,77 Unamortized 1,644,360.84 11,644,360.84 Carrying
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ADM3360A [THE FINE PRINT: THE HIDDEN AGREEMENT] [For Professor Gilles LeVasseur] Table of contents 1. Executive Summary ……………...……………………………………………… 3 2. Introduction ……...……………………………………………………………… 4 3. Clause-by-Clause Analysis ……………………………………………………… 8 4. Discussion ……………………………………………………………………….. 18 5. Recommendation ………………………………………………………………… 21 6. Legal Corrective Measures
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| ADM3360A | | | [the fine print: the hidden agreement] | [For Professor Gilles LeVasseur] | Table of contents 1. Executive Summary ……………...……………………………………………… 3 2. Introduction ……...……………………………………………………………… 4 3. Clause-by-Clause Analysis ……………………………………………………… 8 4. Discussion ……………………………………………………………………….. 18 5. Recommendation ………………………………………………………………… 21 6. Legal Corrective Measures ………………………………………………………. 23 7. Conclusion ……………………………………………………………….............. 24
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size, but it is more often used to describe specific services such as cash concentration, zero balance accounting, andautomated clearing house facilities. Sometimes, private banking customers are given cash management services. Cash management is a broad area having to do with the collection, concentration, and disbursement of cash including measuring the level of liquidity, managing the cash balance, and short-term investments. If at
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1.1 Background of Study Bachelor in Business Administration (BBA) program is run by Tribhuvan University from 2002 under the supervision of the Faculty of Management (FOM). It aims to provide quality education through quality and professional courses. BBA is four years international standard program consisting of eight semesters along with internship program. Thus, BBA program is a blend of theoretical and practical knowledge on the financial sector enabling the students in understanding business
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Kate Petusky prepared Addison Controls’ balance Click Link Below To Buy: http://hwcampus.com/shop/kate-petusky-prepared-addison-controls-balance/ Kate Petusky prepared Addison Controls’ balance sheet and income statement for 2013. Before she could complete the statement of cash flows, she had to leave town to attend to a family emergency. Because the full set of statements must be provided to the auditors today, Addison’s president, Lance Meyers, has asked you to prepare the statement
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