Answered: Office memorandum and office orders…

Business

Accounting

Office memorandum and office orders explaination in detail

Auditing: A Risk Based-Approach (MindTap Course List)

11th Edition

ISBN:9781337619455

Author:Karla M Johnstone, Audrey A. Gramling, Larry E. Rittenberg

Publisher:Karla M Johnstone, Audrey A. Gramling, Larry E. Rittenberg

Chapter3: Internal Control Over Financial Reporting: Responsibilities Of Management And The External Auditor

Section: Chapter Questions

Problem 21CYBK

See similar textbooks

Related questions

Q: Describe briefly why Electronic Data Interchange (EDI) is helpful to managers.

A: Electronic Data Interchange (EDI): EDI is a computer application which makes an online link between…

Q: 13. Planning is a function that involves a. hiring the right people for a particular job. b.…

A: Financial management consists of directing, planning, organizing and controlling of financial…

Q: ournalize the transactions

A: Journal Entry The basic function of accounting is to enter the required transaction which are…

Q: Namespaces must be declared at the beginning of an XBRL do

A: Answer: The Internet address(URL) where an XBRL taxonomy "lives". Name spaces must be declared at…

Q: Outline from your own understanding the roles of the following people in information system audit…

A: Auditing is a process of inspecting the financial accounts of a company in order to determine the…

Q: The distributed data processing approach carries some control implications of which accountants…

A: Distributed Data Processing is the processing of data between different interconnected computers…

Q: Identify the following users as either an internal (I) or an external (E) user. Human resources…

A: “As only one item is given in the question, it is assumed this particular answer is asked by the…

Q: What is a memorandum entry? Why it is done?

A: A memorandum entry is different from the journal entries. The memorandum entry is not recorded by…

Q: Discuss the diffences between internal and external users of ingormation and their needs and demands…

A: Accounting Information System (AIS): The system which helps to gather, store and process the…

Q: how to communicate information and monitor control processes in organizations.

A: Information is required for the entity to carry out internal control obligations in order to…

Q: Required: Prepare the entries to be made by the agency.

A: As per IFRS 9 "Financial Instruments", an organization shall measure a financial asset or financial…

Q: Departments within an organization

A: Departments are different segments of an organization entrusted with separate functions.

Q: Describe management's discussion and analysis.

A: Management's discussion and analysis: Management discussion and analysis is the portion of company…

Q: grity of information. policies, plans, procedures, law ssets. efficiency of onerations

A: Segregation of duties is an internal control measure. It refers to the division of duties among more…

Q: Define customers

A: Inventory: It can be defined as all the goods, items, materials, and merchandise that are held by a…

Q: GENERAL LEDGER/REPORTING SYSTEM. Please explain how each cycles in the business process/transaction…

A: GL stands for General Ledger or FRS stands for Financial Reporting System is a subsystem of AIS…

Q: Management accounting focuses primarily on providing data for: Oa. internal uses by managers Ob.…

A: There are different types of accounting such as financial accounting, management accounting, cost…

Q: Explain the purpose of the Public Company Accounting Oversight Board.

A: Auditing: In auditing, auditors verify the correctness and fair presentation of financial…

Q: A company's internal control system:

A: ABOUT COMPANY'S INTERNAL SYSTEMS AS UNDER

Q: Describe disclosures related to management’s discussion and analysis, responsibilities, and…

Q: journal entrie for website expenses

A: To record a website expense the journal entry would include a debit to website expense and credit to…

Q: What represents a company’s primary means of cummunicaying information to external users?

A: First of all, we need to understand who are external users- these are the people who are interested…

Q: Discuss the difference between the Management Letter and the Legal Representation Letter

A: Definition: Auditing: In auditing, auditors verify the correctness and fair presentation of…

Q: Describe the elements of an e-mail address.

A: Internet: Internet is the means of communication which connects one smart device with any other…

Q: Reviewing database authority tables is a(n) a. access control. b. organizational structure control.…

A: An operating device must have strict security features to guard and hold device integrity. The…

Q: Discuss how technology based information systems affect accounting

A: Accounting:-It is a record of financial data in a sorting, summarizing, and in a presentation format…

Q: Internal accounting information is used primarily for internal decision making by an…

A: a.

Q: PREPARE THE GENERAL LEDGER

A: General ledger accounts are used to post recorded transactions into appropriate accounts. These are…

Q: Distinguish between Accounting Information System (AIS) and Management Information System (MIS).

A: Accounting Information System means the system to record financial transactions of any business…

Q: Accounting System Components

A: Accounting Information System is a computer based accounting system that collect, process, store and…

Q: Transaction analysis for each letter

A: Transaction Analysis Transaction analysis which describes as detailed analysis of the transactions…

Q: Draw the sketch of the management Accounting control system. What type of considerations are…

A: The administrative devices that firms use to control their managers and staff are referred to as…

Q: Document flowcharts

A: Document flow charts are categorized under system flow charts.

Q: internal reporting.

A: Option a is wrong because one of the options is correct. Option b is wrong because ABC can only be…

Q: prominently in a headquarters, satellite office of the establishing agent or broker, by the…

A: given head quarters satellite office of the establishing agent or broker, by the supervising…

Q: Write a about memorandum message

A: Memorandum is a kind of internal written communication tool intended for communicating official…

Q: 5. Which of the following is not an internal user? a. Corporate officers b. Staff employees c.…

A: THE CORRECT OPTION : (C) STOCKHOLDERS

Q: what is posting system in detail ?

A: Accounting is a tool of recording, summarising and analysing the financial transactions and events…

Q: Distinguish the roles of internal and external auditors in AIS

A: "Hey, since there are multiple questions posted, we will answer the first question. If you want any…

Q: Describe management’s discussion and analysis (MD&A).

A: Management of the organisation is required to prepare Management discussion and Analysis (MD&A)…

Q: QUESTION 53 Within a business, formal communication: O a. involves planned, prepared communication…

A: Formal Communication In business communication is an important channel between the top level of…

Question

Office memorandum and office orders explaination in detail

Expert Solution

This question has been solved!

Explore an expertly crafted, step-by-step solution for a thorough understanding of key concepts.

SEE SOLUTION Check out a sample Q&A here

Step 1 Office Memorandum

VIEW

Step 2 Office orders

VIEW

Step by step

Solved in 2 steps

SEE SOLUTION Check out a sample Q&A here

Knowledge Booster

Learn more about

Need a deep-dive on the concept behind this application? Look no further. Learn more about this topic, accounting and related others by exploring similar questions and additional content below.

Similar questions

Can you prepare a departmental account for the information.
The general ledger clerk receives summary data from which departments?what form of summary data?
Can you create a departmental account for the information.
Draw the sketch of the management Accounting control system. What type of considerations are included in it.
Use the flowchart to answer these questions:a. What accounting document is represented by symbol A?b. What is an appropriate name for the department labeled B?c. What would be an appropriate description for process C?d. What is the location represented by symbol D?e. What accounting record is represented by symbol E?f. What is an appropriate name for the department labeled H?g. What device is represented by symbol F?h. What device is represented by symbol G?i. What accounting record is represented by symbol G?
Defining components of an accounting information system Match each component of a computerized accounting information system with an example. Components may be used more than once.
Question based on Accounting Information System subject 5. What are the levels of data hierarchy ?6. Distinguish the roles of internal and external auditors7. Distinguish between the centralized and distributed approaches to organizing the IT function.
Requirement: Journalize the foregoing transactions. Use memorandum entry method.
What would the Accounting Memo and Email to Client look like?
Managerial accounting provide information for decision making, planning, and controlling an organization's operations Select one: O True O False
5. GENERAL LEDGER/REPORTING SYSTEM. Please explain how each cycles in the business process/transaction processing are related to each other and being used to generate information (reports) for both external (financial reports) and internal (managerial) purposes.
The steps of the plan–do–check–act cycle and how each step defines a unique purpose and role for management accounting information.