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- Shows the steps needed for recording the sales, sales return, and receipts from the debtors using UBS.
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- 1 Which of the following is not true regarding financial accounting? a. Shows the profit/ loss of the business b. Prepared not based on double entry system c. Concerned with recording transactions d. Mainly intended for external users"Investment and Insurance Products: Are Not FDIC or any other Government Agency Insured Are Not Bank Guaranteed May Lose Value Services provided by the following affiliates of Truist Financial Corporation (Truist): Banking products and services, including loans and deposit accounts, are provided by Truist Bank, Member FDIC. Trust and investment management services are provided by Truist Bank, and Truist Delaware Trust Company. Securities, brokerage accounts and /or insurance (including annuities) are offered by Truist Investment Services, Inc., and P.J. Robb Variable, LLC., which are SEC registered broker-dealers, members FINRA, opens in new tab SIPC, opens in new tab and a licensed insurance agency where applicable. Investment advisory services are offered by Truist Advisory Services, Inc., GFO Advisory Services, LLC, Sterling Capital Management, LLC, and Precept Advisory Group, LLC, each SEC registered investment advisers. Sterling Capital Funds are advised by Sterling Capital…Which one of the following statements about risk financing measures for cyber risk is true? a. Disclaimers are the most effective way to transfer or finance cyber risk exposures. b. Traditional commercial property and liability policies provide the best option for financing cyber risk loss exposures. c. A significant drawback to risk retention as a method to finance risk is that it discourages risk control. d. A hold-harmless agreement is a type of noninsurance risk transfer that organizations can use to receive reimbursement for cyber risk
- If a bank is compiling lists of current stockholders and bondholders for the purpose of remitting dividend and interest payments, in which of the following roles is it acting? Paying agent Transfer agent Corporate trustee RegistrarMaintenance of separate accounts for bad debts comes under _________________ role of financial manager Credit management Treasury operators Financial Engineering Tax ManagementWhy it is required to issue the letter of credit?
- 1. How do companies primarily fund themselves, through issuing debt or equity? Select one: a. Debt. b. Equity c. Neither 2. What is a shelf registration? a. A shelf registration means that an offering of securities is delayed. b. A shelf registration means that the issuer will receive extra scrutiny by the SEC. c. A shelf registration means that companies are allowed to skip a lot of filing requirements when issuing a security.Provide two examples of when an auditor might set a lower levelof performance materiality for a particular class of transactions, account balance, ordisclosureWhat kind of information does Amazon require for managing its sales system, how does Amazon store that information, and where does it keep it?
- Discuss the role of the finance/accounts manager and identify two approaches for the below activities and justify your selection for recruitment and selection of operation and technical staff of a business Communication to staff on pending changes and other relevant information. Preserving the brand of the company and maintaining its local and global standing.____________ are entry level employees who record daily accounting transactions.If all transactions and record keeping are done according to accounting standards, Triple D can do a reconciliation at month end. Indicate whether the following statement is true or false: To be sure that the transactions are correct during the reconciliation process, the balance of the debtors list and the Debtor Control account should never agree. True False