Chapter 3 Outline 300 Introduction – pg. 87 Tax accounting – the official reporting of income and expenses so a taxpayer’s taxable income for a particular period can be determined - The rules for determining when a business must recognize income and when it may deduct expense are referred to as the taxpayers method of accounting 301 Tax Accounting Distinguished from Financial Accounting - two sets of books because two different governing bodies Financial accounting – intended to provide
Words: 2218 - Pages: 9
CHAPTER 10 Auditing Revenue and Related Accounts 1 Explain the concept of accounting cycles and their impact on audit approaches, and identify the accounts in the revenue cycle. 2 Discuss the importance of proper revenue recognition and the characteristics of revenuerelated fraud. 3 Describe the major types of fraud and misstatements that have occurred in the revenue accounts. 4 Describe how to use analytical procedures to identify possible misstatements in the revenue cycle. 5 Assess
Words: 33572 - Pages: 135
2.0 Review of Related Literature Reviews of Related Literature and Studies this includes the ideas, generalization or conclusions, methodologies and others. Those that were included in this chapter helps in familiarizing information that are relevant and similar to the present study. Foreign Literature They develop the system entitled eBarCloud. It’s an inventory management software enables you to perform web-based inventory management and cloud inventory control. It makes it easy to gather data
Words: 1317 - Pages: 6
Notes FIA Paper FA1 Recording Financial Transactions theexpgroup.com ExPress Notes FIA FA1 Recording Financial Transactions Contents About ExPress Notes 1. Business transactions and documentation 7 2. Financial statements and their elements 12 3. Double entry bookkeeping: the debits and credits 18 4. Cash and bank 21 5. Sales and credit transactions 24 6. Purchases and credit transactions 29 7. Payroll 32 8. Page
Words: 9725 - Pages: 39
relations between accounting, business law, economics, and finance, as well as ethical issues. This paper offers a concrete approach to developing a business capstone course built around the financial crisis and the lessons it offers business students. Complete pedagogical modules are offered for each discipline, including suggestions for specific assignments in each discipline. Key Words: Capstone Course, Banking Crisis, Pedagogy Centering the Business Capstone Course, Pate 1 Research in Higher
Words: 10514 - Pages: 43
corporate disclosures made pursuant to the securities laws, and for other purposes. July 30, 2002 [H.R. 3763] Be it enacted by the Senate and House of Representatives of the United States of America in Congress assembled, Sarbanes-Oxley SECTION 1. SHORT TITLE; TABLE OF CONTENTS. (a) SHORT TITLE.—This Act may be cited as the ‘‘SarbanesOxley Act of 2002’’. (b) TABLE OF CONTENTS.—The table of contents for this Act is as follows: Sec. 1. Short title; table of contents. Sec. 2. Definitions. Sec. 3. Commission
Words: 32510 - Pages: 131
affecting companies. Study Session 1 Ethical and Professional Standards Reading Assignments 1.* “Code of Ethics and Standards of Professional Conduct” Standards of Practice Handbook, 9th edition (CFA Institute, 2005) * 2. “Guidance” for Standards I – VII, Standards of Practice Handbook, 9th edition (CFA Institute, 2005) * 3. Introduction to the Global Investment Performance Standards (GIPS®) Global Investment Performance Standards (GIPS®), pp. i–iii and 1–9, (CFA Institute, 4.* 2005)
Words: 16671 - Pages: 67
Assignment December 16, 2012 CORPORATE COMPLIANCE OF LABOUR LAWS INDEX PAGE No Cover Page with Contents 1 Introduction 2 Conceptual Discussions 3 Implementation of Labour Laws 6 Labour Laws Prevailing in Other Countries 26 Data Analysis & Interpretation 32 Conclusion & Recommendation 38 Bibliography 40 Chapter – 1 INTRODUCTION 1. Labour law also known as employment law is a body of laws, administrative rulings and precedents which address the legal rights
Words: 9986 - Pages: 40
WHAT IS ACCOUNTING? Identify Communicate What is the purpose of accounting ? Measure Record 9 3 8/13/2014 WHAT IS ACCOUNTING? Accounting information is important because it… Assists decision making Provides information about the past, present and future performance of an entity Measures business activity 10 WHO USES ACCOUNTING DATA? Internal users External users Managers who plan, Investors who make organise and run the decisions to buy, hold or
Words: 1330 - Pages: 6
Chapter 1 Ethical Reasoning: Implications for Accounting Ethics Reflection PENN STATE CHILD ABUSE SCANDAL: A CULTURE OF INDIFFERENCE What motivates an otherwise ethical person to do the wrong thing when faced with an ethical dilemma? Why did Joe Paterno and administrators at Penn State University look the other way and fail to act on irrefutable evidence that former assistant football coach Jerry Sandusky had raped and molested young boys, an offense for which Sandusky currently is serving
Words: 31231 - Pages: 125
