to help students to learn the basic concepts and practices of auditing and assurance services as well as to understand the auditor ethics and responsibilities. Also, it helps students to understand the basic concepts that underlie the audit process and how to apply those concepts to various audit assurance services. Through the first part of auditing course, much attention is given to the conceptual, theoretical and practical aspects of auditing financial statements. This course will also examines
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Chapter 2 Annuity 2.1 Present Value 2.2 Future Value 2.3 System of Four Annuity Variables Problems Chapter 3 Net Present Value 3.1 Constant Discount Rate 3.2 General Discount Rate Problems Chapter 4 Real and Inflation 4.1 Constant Discount Rate 4.2 General Discount Rate Problems Chapter 5 Loan Amortization 5.1 Basics 5.2 Sensitivity Analysis Problems PART 2 VALUATION Chapter 6 Bond Valuation 6.1 Basics 6.2 By Yield To Maturity 6.3 System Of Five Bond Variables 6.4 Dynamic
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Checkpoint Accounting Assumptions Principles, And Constraints Diana Michalak XACC/280 Sara Carpenter August 5, 2011 The basic assumptions of accounting consist of four assumptions. Monetary Unit Assumption, which states that “only transaction data that can be expressed in terms of money be included in the accounting records(Ch 7.).” Economic Entity Assumption, which states that “the activities of the entity be kept separate and distinct from the activities of the owner and of
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managers, and investors need to evaluate a company’s financial performance. These people are all stakeholders in the business—they’re interested in its activities because they’re affected by them. In fact, the purpose of accounting is to help stakeholders make better business decisions by providing them with financial information. Obviously, you wouldn’t try to run an organization or make investment decisions without accurate and timely financial information, and it’s the accountant who prepares this
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Statement of Cash Flows It was the fall of 2011 and I was reporting sales close to $10,000 for the month of November, thanks in part, to the holiday rush. On the surface, it was pretty good for a first-year online “micro” business selling custom tableware and home decor, run by one person on a part-time basis. As I was caught up on the selling-to-customers aspect of my business, I neglected to pay attention to the inflows and outflows of cash until it was time to file tax returns the following
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Manual of Accounting and Financial Reporting for Pennsylvania Public Schools CHAPTER 16 TABLE OF CONTENTS Chapter 16 ____________________________________________________16.1 Audit Responsibilities __________________________________________16.1 Types of Audits______________________________________________________ __ 16.2 Financial Audits ___________________________________________________ 16.2 Single Audits _____________________________________________________ 16.2 Program-Specific Audits_____________________________________________
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which accounts should be presented. “ Accounting principles and concepts develop from research, accepted accouting practises and pronouncements of regulators” (Warren, p7,2010) These international standards of international financial reporting standards give symmetry to the financial reports of various institutions across differing industries and make it clear and coherent to anyone wishing to view such information. Any principle or interpretation that is adopted by the International Standards Board
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Management Descriptions………………………………………..6 Marketing Strategy………………………………………………………………….6 Product……………………………………………………………………………….6 Price…………………………………………………………………………………..7 Place………………………………………………………………………………….7 Promotion……………………………………………………………………………8-9 Financial Management……………………………………………………………….9 Assumptions…………………………………………………………………………10 References……………………………………………………………………………11 Abstract The suggested company is an answer to the flourishing needs of families to have a place to take care of their
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Integrity of Financial Reporting Presented to Dr. Tarek Saleh By Abdelrahman Gabr Ayman El Marakby Hisham Moussa The Integrity of Financial Reporting The Gatekeepers (Guardians) are: The The The The The The U.S. Securities & Exchange Commission (SEC) Public Company Accounting Oversight Board (PCAOB) Independent Audit Firm Audit Committee of the Corporate Board of Directors Internal Audit Function Internal Control System Corporate Governance & Financial Reporting
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2009, according to entrylevel job site CollegeGrad.com. One reason for this interest is found in the statement by former Secretary of the Treasury and Economic Advisor to the President, Lawrence Summers. He noted that the single-most important innovation shaping our capital markets was the idea of generally accepted accounting principles (GAAP). We agree with Mr. Summers. Relevant and reliable financial information is a necessity for viable capital markets. Without it, our markets would be chaotic, and
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