D.e.s.c.r.i.b.e. s.o.m.e. o.f. t.h.e. s.h.o.r.t - t.e.r.m. i.n.v.e.s.t.m.e.n.t v.e.h.i.c.l.e.s t.h.a.t c.a.n b.e u.s.e.d t.o. m.a.n.a.g.e y.o.u.r c.a.s.h r.e.s.o.u.r.c.e.s. W.h.a.t. f.a.c.t.o.r.s w.o.u.l.d. y.o.u. f.o.c.u.s. o.n. i.f. y.o.u. w.e.r.e c.o.n.c.e.r.n.e.d t.h.a.t t.h.e C.O.V.I.D - 1 9 c.r.i.s.i.s. w.i.l.l l.e.a.d t.o. a. s.i.g.n.i.f.i.c.a.n.t i.n.c.r.e.a.s.e. i.n. i.n.f.l.a.t.i.o.n ? 2. W.h.a.t. b.a.s.i.c. p.r.o.c.e.d.u.r.e. i.s. u.s.e.d. t.o. v.a.l.u.e. a. b.o.n.d. t.h.a.t. p.a.y.s. a.n.n.u.a.l. i.n.t.e.r.e.s.t.? S.e.m.i.a.n.

D.e.s.c.r.i.b.e. s.o.m.e. o.f. t.h.e. s.h.o.r.t - t.e.r.m. i.n.v.e.s.t.m.e.n.t v.e.h.i.c.l.e.s t.h.a.t c.a.n b.e u.s.e.d t.o. m.a.n.a.g.e y.o.u.r c.a.s.h r.e.s.o.u.r.c.e.s. W.h.a.t. f.a.c.t.o.r.s w.o.u.l.d. y.o.u. f.o.c.u.s. o.n. i.f. y.o.u. w.e.r.e c.o.n.c.e.r.n.e.d t.h.a.t t.h.e C.O.V.I.D - 1 9 c.r.i.s.i.s. w.i.l.l l.e.a.d t.o. a. s.i.g.n.i.f.i.c.a.n.t i.n.c.r.e.a.s.e. i.n. i.n.f.l.a.t.i.o.n ? 2. W.h.a.t. b.a.s.i.c. p.r.o.c.e.d.u.r.e. i.s. u.s.e.d. t.o. v.a.l.u.e. a. b.o.n.d. t.h.a.t. p.a.y.s. a.n.n.u.a.l. i.n.t.e.r.e.s.t.? S.e.m.i.a.n.

Accounting Information Systems

11th Edition

ISBN:9781337552127

Author:Ulric J. Gelinas, Richard B. Dull, Patrick Wheeler, Mary Callahan Hill

Publisher:Ulric J. Gelinas, Richard B. Dull, Patrick Wheeler, Mary Callahan Hill

Chapter13: The Accounts Payable/cash Disbursements (ap/cd) Process

Section: Chapter Questions

Problem 2DQ: This chapter discusses both fraud and non-fraudulent losses in the AP/CD process. Describe any...

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G-i-v-e- -a- -s-i-m-p-l-e- -e-x-p-l-a-n-a-t-i-o-n- -w-i-t-h- -e-x-a-m-p-l-e- -o-f- -t-h-e- -f-o-l-l-o-w-i-n-g-: T-o-p-i-c-:- -I-n-t-r-o-d-u-c-t-i-o-n- -t-o- -F-i-n-a-n-c-i-a-l- -M-a-r-k-e-t-s F-i-n-a-n-c-i-a-l- -M-a-r-k-e-t M-o-n-e-y- -M-a-r-k-e-t- -a-n-d- -C-a-p-i-t-a-l- -M-a-r-k-e-t B-r-o-k-e-r- -M-a-r-k-e-t-s- -a-n-d- -D-e-a-l-e-r- -M-a-r-k-e-t-s R-o-l-e-s- -a-n-d- -i-m-p-o-r-t-a-n-c-e- -o-f-: M-o-n-ey- -M-a-r-k-e-t- -a-n-d- -C-a-p-i-t-a-l- -M-a-r-k-e-t B-r-o-k-e-r -M-a-r-k-e-t-s- -a-n-d- -D-e-a-l-e-r- -M-a-r-k-e-t-s I-n-t-e-r-n-a-t-io-n-a-l- C-a-p-i-t-a-l- M-a-r-k-e-t R-e-g-u-l-at-i-o-n-s- -G-o-n-e-r-n-i-n-g- -F-i-n-a-n-c-i-a-l- -M-a-r-k-e-t-s
Q7: (A) Explain the fundamental purpose of the sales and collection process. (B) Differentiate between a remittance advice and a customer invoice within the sales process of an organisation.
I-n-c-o-m-e- -t-a-x-a-t-i-o-n- -b-a-s-e-d- -i-n- -P-h-i-l-i-p-p-i-n-e- -L-a-w- A-n-s-w-e-r- -t-h-e- -a-t-t-a-c-h-e-d- -p-i-c-t-u-r-e-,- -p-l-e-a-s-e- -a-d-d- -s-o-l-u-t-i-o-n- -i-n- -e-v-e-r-y- -p-r-o-b-l-e-m- -a-l-s-o- -i-n-d-i-c-a-t-e- -t-h-e- -r-u-l-e- -o-r- -p-r-o-v-i-s-i-o-n-s- -o-f- -l-a-w-
I-n-c-o-m-e- -t-a-x-a-t-i-o-n- -b-a-s-e-d- -i-n- -P-h-i-l-i-p-p-i-n-e- -L-a-w- A-n-s-w-e-r- -t-h-e- -a-t-t-a-c-h-e-d- -p-i-c-t-u-r-e-,- -p-l-e-a-s-e- -a-d-d- -s-o-l-u-t-i-o-n- -i-n- -e-v-e-r-y- -p-r-o-b-l-e-m- -a-l-s-o- -i-n-d-i-c-a-t-e- -t-h-e- -r-u-l-e- -o-r- -p-r-o-v-i-s-i-o-n-s- -o-f- -l-a-w- -u-n-d-e-r- -R-e-p-u-b-l-i-c- -A-c-t- -No. 8434
This chapter discusses both fraud and non-fraudulent losses in the AP/CD process. Describe any losses you have encountered in your personal bill paying process. Did you change any aspect of your bill paying process after the loss(es) you encountered?
1.What is management's responsibilities for reporting internal control under Section 404 Sarbanes Oxley Act
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question 1.a. Explain one of the principles of Internal Control Activities. 1.b. Explain three limitations of Internal Control.
M-a-k-e- -a- -u-n-d-e-r-s-t-a-n-d-i-n-g- -o-f- -a-l-l- -t-h-e- -t-o-p-i-c- -m-e-n-t-i-o-n-s- -b-e-l-o-w-,- -i-t- -s-h-o-u-l-d- -b-e- -u-p-d-a-t-e-d- -w-i-t-h- -T-R-A-I-N- -L-A-W- -A-N-D- -C-R-E-A-T-E- -L-A-W- -a-m-e-n-d-e-d-.- -N-o-t-e-:- -t--h-i-s- -i-s- -b-a-s-e- -o-n- -P-h-i-l-i-p-p-i-n-e- -I-n-c-o-m-e- -T-a-x-a-t-i-o-n- I-N-C-O-M-E- -T-A-X- -O-F- -C-O-R-P-O-R-A-T-I-O-N-S: C-o-n-c-e-p-t- -o-f- -C-o-r-p-o-r-a-t-i-o-n-s- C-l-a-s-s-i-f-i-c-a-t-i-o-n- -o-f- -C-o-r-p-o-r-a-t-e- -T-a-x-p-a-y-e-r-s- D-o-m-e-s-t-i-c- -c-o-r-p-o-r-a-t-i-o-n- F-o-r-e-i-g-n- -c-o-r-p-o-r-a-t-i-o-n-s- T-a-x---E-x-e-m-p-t- -C-o-r-p-o-r-a-t-i-o-n-s I-n-c-o-m-e- -T-a-x-e-s- -o-f- -C-o-r-p-o-r-a-t-i-o-n-s- T-h-e- -N-o-r-m-a-l- -C-o-r-p-o-r-a-t-e- -I-n-c-o-m-e- -T-a-x- M-i-n-i-m-u-m- -C-o-r-p-o-r-a-t-e- -I-n-c-o-m-e- -T-a-x- -(-M-C-I-T-)- C-a-p-i-t-a-l- -G-a-i-n-s- -T-a-x- P-a-s-s-i-v-e- -I-n-c-o-m-e- -T-a-x- S-p-e-c-i-a-l- -C-o-r-p-o-r-a-t-i-o-n-s-
21-36 AT-C Section 315. "Compliance Attestation." allows a practitioner to perform agreed-upon procedures to assist users in evaluating management's written asser- tions about (1) the entity's compliance with specified requirements. (2) the effective- ness of the entity's internal control over compliance, or (3) both. Required: a. Read AT-C Section 315 and then discuss how a practitioner would conduct an agreed-upon procedures engagement to evaluate an entity's written assertion that it was in compliance
R-e-a-d- -a-l-l- -t-h-e- -i-n-f-o-r-m-a-t-i-o-n- -b-e-l-o-w- -a-n-d- -p-l-e-a-s-e- -h-e-l-p- -m-e- -m-a-k-e- -a- -s-c-i-p-t- -o-f- -h-o-w- -I- -g-o-n-n-a- -p-r-e-s-e-n-t- -i-t-.- -J-u-s-t- -u-s-e- -s-i-m-p-l-e- -e-n-g-l-i-s-h- -w-o-r-d-s-.- -I- -j-u-s-t- -n-e-e-d- -t-o- -p-r-o-p-e-r-l-y- -e-x-p-l-a-i-n-e-d- -i-t-. I-t- -a-n-s-w-e-r- -t-h-e- -q-u-e-s-t-i-o-n- -o-f- -W-h-e-r-e- -d-o- -y-o-u- -p-i-c-t-u-r-e- -t-h-e- -c-o-m-p-a-n-y- -i-n- -t-h-r-e-e- -y-e-a-r-s-,- -a-s-s-u-m-i-n-g- -t-h-e- -c-u-r-r-e-n-t- -t-r-a-j-e-c-t-o-r-y- -c-o-n-t-i-n-u-e-s-?- A-s-s-e-t-s-: Have continuously increased throughout the years, demonstrating the growth of its businesses and the solidity of its balance sheet. In 2020, the assets were at 100%. In 2021, the assets increased to 108.45% of the base. In 2022, the assets further increased to 135.05% of the base. T-h-i-s- -i-n-d-i-c-a-t-e-s- -a-n- -i-n-c-r-e-a-s-i-n-g- -t-r-e-n-d- -i-n- -t-h-e- -a-s-s-e-t-s- -o-f- -M-e-t-r-o- -B-a-n-k- -o-v-e-r- -t-h-e-…