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Q: re: a. Internal (management) O a. h ytornal users
A: Managerial Accounting : It is the process of identifying, measuring, analysing, interpretating and…
Q: produces g - x) gizmo nufacturer
A: Let 15-X unite be sold Cost of X unite 5 (15-x) Price of a unit=x Total revenue=15-xx
Q: They apply to
A: Examples of like-kind properties: The like-kind properties should include assets that fall under the…
Q: Service- industry example
A: Service industry: A service industry is an economic sector that delivers particular intangible…
Q: Tan Corporation of Japa follow:
A: The amount by which the net operating income exceeds the minimum required rate of return in terms of…
Q: A Company owns
A: These are the accounting transactions that are having a monetary impact on the financial statement…
Q: Explain Anti-dilutive Security
A: Explanation to Securities Securities are referred to as the tradeable financial instruments which…
Q: Explain vendor exploitation.
A:
Q: nat is the Production EC Company?
A: The cost of production for any company’s product must be determined in order to control cost and…
Q: What are the advantages and disadvantages of Xero Accounting Software?
A: Xero Accounting software is a cloud based accounting software for small,medium and large businesses.…
Q: wo alternati
A: Working Particulars Handy Cam R- tistry Cost 250000 200000 Less scrap at the end of 6 years…
Q: What is AB Share Mechanism and what is this mechanism used for?Provide Example
A: An organization's total capital is bifurcated into many units. Each unit represents ownership in the…
Q: Explain the features ofa corporation
A: Corporation: A corporation is a form of business entity that is incorporated through the state…
Q: IS a outsource?
A: Outsourcing is the process of hiring a third party to perform the company's services that are…
Q: lech Co. and Robpotics CO. are joint
A: Techa Co has its own business as well as it has joint venture…
Q: Explain the limitations of ABC system.
A: ABC System is a method of costing i.e. Activity Based Costing. This is a costing method that assigns…
Q: s joint products
A: Product A Product B Units of output (A) 2000 8000 Price per unit (B) $5 $2.5 Market value (C…
Q: Explain direct write off method.
A:
Q: 1. Why would a company use CVP analysis?
A: Cost-volume-profit analysis, or CVP, is something companies use to figure out how changes in costs…
Q: Define Franchise.
A: There are several forms of business like the sole proprietorship, partnership and corporation which…
Q: Explain the term Voluntary Conveyance
A: Voluntary Conveyance: Voluntary conveyance is defined as an elective transmission of title from one…
Q: Calculate the company's WACC.
A: WACC or the weighted average cost of capital = ((Weight of debt*After tax cost of debt)+(Weight of…
Q: Define outsourcing.
A: Outsourcing: Outsourcing refers to hiring another company, to undertake a business process of the…
Q: Control is the process that includes the following except:
A: Control is checking current performance against pre-determined standards contained in the plans,…
Q: Brand recognition is an example of
A: answer: Intangible asset
Q: Describe the term breakeven sales.
A: The three approaches to calculate sales required to achieve the break-even point are as follows:…
Q: Is it true that, for an ERP system to be effective, it must be completely purchased from a single…
A: Enterprise resource planning is the planning of the resources need for core operations of the…
Q: Prepare an inc
A: In this problem we need to calculate operating income from the given…
Q: warehouse of Marlon Corporation c
A: as their are many questions I am solving question1 for you.
Q: eld Company
A: Answer: The correct answer is d. (i.e.$ 46,500) Workings: Total Manufacturing Cost for Job No.825…
Q: Define S corporation
A: The S corporation is a tax election that legal business entities can choose to elect for taxes…
Q: Explain the model business coporation act.
A: Corporation: A corporation is a form of business entity that is incorporated through the state…
Q: C corporation,
A: In case of short-run financial gain, financial gain = final sale worth – (the price of acquisition +…
Q: Which of the following are characteristics of consumer closed
A: answer statement 2 is false because no flexibility in timing , time is fixed. statement 5 is…
Q: Define broker
A: Broker is referred as a person or a firm, who used to arrange the transactions between the seller…
Q: for odu its
A: In process costing we have to take help of the concept of equivalent…
Q: What is Fintech? Examples of Types, Products & Regulations
A: Finance is the system that deals with financial services, investments, and instruments. It is a…
Q: Wnat Will be the alue of tne
A: Continuous compounding is the where compound interest is calculated and reinvested into an account's…
Q: Also known as the neutrality concept.
A: Introduction:- Neutrality concept means management prepare completely honest or unbiased financial…
Q: Service marketing
A: Service marketing: Service marketing is defined as the application of a various combinations of…
Q: A vendor
A:
Q: How can ABM be used by service companies?
A: Activity Based Management Activity-based management is refer as the one of the cost management…
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- Unlike some other countries, why do you think Malaysia has not experienced so many cases of its company auditors being brought to court for the audit done on a company’s financial statements? Related to this, what are your suggestions to improve the learning and practice of audit in the country?By using Hofstede's cultural dimension index in Exercise 4 of Chapter 2 and Gray's accounting values in Chapter 2 to discuss implications for American internal auditors who have to audit subsidiaries of a U.S. parent in Sweden, Korea and Brazil.Discuss:(1) the impact of Hofstede's cultural dimensions on relevant accounting values (conservatism, secrecy and level of disclosure) of accountants in these three countries, and(2) what American parent company and their internal auditors should do to cope with the impact of these accounting values on financial reporting of these subsidiaries.In recent years the move by accounting firms to offshore tax and consulting work has grown and expanded into audit work. What are the ethical concerns that might be raised about the practice of electronically transmitting audit information to offshore centers like those in India that provide accounting professionals to audit U.S. corporations’ financial statements?
- Should U.S. public accounting firms try to audit internationally in cultures they may not understand? If so, how can they maintain quality audits?For each engagement described below, indicate whether the engagement is likely to be conducted under international auditing standards, AICPA auditing standards, or PCAOB auditing standards. An audit of a U.S. private company with no public equity or debt. An audit of a German private company with public debt in Germany. An audit of a U.S. broker-dealer registered with the SEC. An audit of a United Kingdom public company that is listed in the United STates and whose financial statements will be filed with the SEC. An audit of a U.S. not for profit organization An audit of a U.S. private company to be used for a loan from a publicly traded bank. An audit of a U.S. public company. An audit of a U.S. public company that is a subsidiary of a Japanese company that will be used for reporting by the parent company in Japan.a) “Audit committees do not prepare financial reports, nor do they conduct audits. But they have an essential role to play in ensuring the integrity and transparency of corporate reporting” – explain what is the role of an audit committee in ensuring the integrity and transparency of corporate reporting? Is an audit committee mandatory in Australia? (b) What do the ASX Corporate Governance Principles say about having an internal audit function? (c) Baxby Fashion Ltd is a long-established Australian company, based in Brisbane that manufactures office cloths. Started in 1995 as a family-owned business, it expanded rapidly with branches around Australia and was listed on the Australian Securities Exchange (ASX) in 2000. The governance structure of Baxby Fashion includes seven directors, four of whom are executive directors and three of whom are non-executive directors. The four executive directors are Sue Berry (CEO), Gordon Dawn (CFO), Neal Arthur (marketing director) and…
- In June 2001, in Oman, the Capital Market Authority issued the Corporate Governance Code, applicable to companies whose securities are listed on the Muscat Securities Market.The Code, drawn from codes of best practices from around the world but adapted to the local market, seeks to promote a "culture of compliance, transparency and accountability without limiting business initiative. Answer the following three questions . 29. Comparing the Internal Auditors and External Auditors , which of the following is not true about Internal Audit a. The auditor is appointed by the Management b. It is conducted by the employees of the company c. The scope of the internal audit is decided by the Board of Directors d. It is performed by a separate internal auditing departmentQUESTION ONE You are a lead researcher with a public interest firm specializing in the financial reporting and audit of publicly funded organizations and have consulted widely across Africa on public sector financial reforms. Particularly, you have earned a reputation as a champion of the International Public Sector Accounting Standards (IPSAS) in Ghana and beyond. Following Ghana’s adoption of IPSAS, some members of the Institute of Chartered Accountants Ghana (ICAG) argued that IPSAS is a duplication of IFRS and that Ghana could have just opted to require IFRS application by publicly funded entities. Given the above, the Institute has engaged your team of experts to critically evaluate all existing IPSAS and IFRS highlighting areas of significant differences between the two reporting frameworks. Your report will be used by the Institute in its next continuous professional development (CPD) for chartered accountants in Ghana. Your critical review and comparison of…NOTE: PLEASE TAKE YOUR TIME AND ANALYSE THE QUESTION VERY WELL. PROVIDE DETAILED INFORMATION ANSWERS AND INFORMATION AS YOU SOLUTION. THANK YOU. ‘To stall the rot in the public sector in Ghana, more value must be placed on the work of the internal auditors, than on the assurance works of external auditors including the Audit Service of Ghana’. Do you agree with this assertion? Support your answer with relevant considerations with the legal framework that governs the public sector accountability.
- Explain the ‘audit expectation gap’. What causes the gap? b: Potter and Partners are a chartered accounting firm with offices in capital cities in most states. The head of the business development department is seeking to grow the firm’s revenue from non-audit services. Required: What non-audit services could a chartered accounting firm provide to its listed company clients? Explain why a company would buy these services from its audit firm instead of another consulting firm.One of your clients has recently read about the goal of converging to International Accounting Standards and they are concerned about what impact it may have on their company. 1. Discuss some of the costs that a company might incur as part of its converging with International Accounting Standards. 2. Discuss why it might be important to your client to adopt International Accounting Standards even though they are currently only operating domestically throughout the central part of the United States.In June 2001, in Oman, the Capital Market Authority issued the Corporate Governance Code, applicable to companies whose securities are listed on the Muscat Securities Market. The Code, drawn from codes of best practices from around the world but adapted to the local market, seeks to promote a "culture of compliance, transparency and accountability without limiting business initiative. Answer the following three questions . Comparing the Internal Auditors and External Auditors , which of the following is not true about Internal Audit The scope of the internal audit is decided by the Board of Directors The auditor is appointed by the Management It is conducted by the employees of the company It is performed by a separate internal auditing department