Audit of the Purchases and Payment Cycle 1. Objectives 1.1 To describe the documents and records that are usually found in the purchases and payment cycle. 1.2 To state the general audit procedures for the test of internal controls of this cycle. 1.3 To mention the substantive tests used for the trade creditors. [pic] 2. Documents and Records 2.1 Purchase requisition (請購單) – a form detailing the request for goods or services by an authorized employee of the user department and it is
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misstatement in substantive tests. Perform tests several times during the year, rather than only at year-end. Increase the sample of transactions to be selected for cutoff tests. ANSWER: Choice "c" is correct. When an entity transmits, processes, maintains, or accesses significant information electronically, some accounting data and source documents may be available only in electronic form, or only at a certain point in time. The auditor would generally perform tests of controls several times during
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America. 10 9 8 7 6 5 4 3 2 1 About the Authors Peter D. Easton is an expert in accounting and valuation and holds the Notre Dame Alumni Chair in Accountancy in the Mendoza College of Business. P rofessor Easton’s expertise is widely recognized by the academic research community and by the legal community. Professor Easton frequently serves as a consultant on accounting and valuation issues in federal and state courts.
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software, intellectual property, and brands. These items fall into a category that has become hugely important in the world of financial reporting, “intangible assets”. Increasingly, the value of a firm is derived not from its tangible assets such as stock, property, plant and equipment but by its knowledge capital, its employees, even by its business processes. As Baruch Lev notes in 2001: “Pfizer’s value comes from its discovery activities (drug development, patents, trademarks), and from an unusually
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Lecture 7: Valuation of Shares (Fundamental Analysis) Introduction Fundamental Analysis It helps us determine the value of a share by studying the intrinsic factors such as earnings potential, dividend growth, required rate of return, and factors relating to company, the industry, and the economy. Analysis of a company’s financial data helps us to predict the movement of that company's stock price. A potential (or current) investor uses fundamental analysis to examine a company’s operations and
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Review of Article The short of it: Investor sentiment and anomalies Robert F. Stambaugh, Jianfeng Yu, Yu Yua Objectives: The authors studied the role of investor sentiment in explaining equity market anomalies in cross-sectional stock returns. They studied the impact of sentiment on anomalies exploited in U.S. equity long–short strategies, examining both the long and short strategies. The authors contemplated that sentiment may partly explain the returns to equity pricing anomalies. The authors
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ACCT 212 Course Project (Devry) FOR MORE CLASSES VISIT www.acct212papers.com (TCO 1) The Accounting Equation is used to develop the organizations financial reports. (1) Describe what owners' equity values would be if Assets are $100,000 and Liabilities are $27,000 by showing the Accounting Equation (10 points) and (2) provide an explanation of what accounts could be found in owners' equity. (10 points) (TCO 1) The financial statements present a company to the public in financial terms.
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ACCT 212 Course Project ¬For more classes visits www.snaptutorial.com (TCO 1) The Accounting Equation is used to develop the organizations financial reports. (1) Describe what owners' equity values would be if Assets are $100,000 and Liabilities are $27,000 by showing the Accounting Equation (10 points) and (2) provide an explanation of what accounts could be found in owners' equity. (10 points) (TCO 1) The financial statements present a company to the public in financial terms. (1) Which
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surveying companies in the Indonesia stock exchange to explain the effect of using both technical and fundamental analysis to analyze the price fluctuation of stocks. The data collection method is quantitative data collection by taking the sample of 5 companies from 5 different sector industries and then analyze the data gathered using the proposed analyzing technique: technical and fundamental analysis method. Keywords : Technical analysis, Fundamental analysis, Stock price I. Introduction Like
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ARTICLE IN PRESS Journal of Financial Economics 94 (2009) 150–169 Contents lists available at ScienceDirect Journal of Financial Economics journal homepage: www.elsevier.com/locate/jfec Stock market liquidity and firm value$ Vivian W. Fang a, Thomas H. Noe b,c, Sheri Tice c,Ã a Rutgers Business School, Rutgers University, Newark, NJ 07102, USA Said Business School and Balliol College, University of Oxford, Oxford OX1 1HP, UK c A.B. Freeman School of Business, Tulane University,
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