Week 2 Discussion Questions Chapters 6 & 8 1. Why is audit planning so important? What is the most important step in audit planning? Why is this step so important? Posted on wed 5/8/2013 Responded to one classmates on 5/08/2013 Auditing planning is important because it helps the auditor determine his/her approach to the audit. There are two considerations that affect the approach: 1). Sufficient appropriate evidence must be accumulated to meet the auditor’s professional
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Effect of Unethical Behavior Article There are a few factors that can lead to unethical practices and behaviors in accounting such factors are financial pressure‚ opportunity‚ and rationalization. With proper checks and balances and accounting procedures a company can minimize the risk of unethical practices and behaviors. Unfortunately‚ there is no sure way to completely avoid unethical practices and behaviors. The most important element of unethical practices and behavior is opportunity
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Instructor Assignment # 1. 1. Alex Miller‚ Inc.‚ sells car batteries to service stations for an average of $30 each. The variable cost of each battery is $20 and monthly fixed manufacturing costs total $10‚000. Other monthly fixed costs of the company total $8‚000. Required: a. What is the breakeven point in batteries? b. What is the margin of safety‚ assuming sales total $60‚000?
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Individual Assignment for Week Five Individual Assignment for Week Five Problem one in Chapter11 Define the appropriate target population and the sampling frame in each of the following
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ACC 291 Effect of Unethical Behavior in Accounting When describing accounting‚ it can be defined‚ as a type of method used to provide information with regards to the financial position of a company or an organization. The information provided to investors is imperative because it provides the investor with valuable information that can lead to their determination as to whether they should decide to invest or not to invest in a specific organization. Consequently‚ because of unethical practices
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Week Five Team Reflection ACC 421 2014 Team B Week Five Reflection This week learning team “B” has discussed the concept of time value of money. One will be able to understand the importance of time value of money‚ the different ways to compute interest‚ information about present value and future value‚ and the how time value relates to accounting. Importance of Time Value of Money Time value of money deals with the relationship between money and time (Kieso‚ Weygandt
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Week 5 Individual Textbook Assignment Chapter 12 ACC-460 January 23‚ 2012 Week 5 Individual Textbook Assignment Chapter 12 1. Provide examples of resources that are temporarily restricted as to: (a) purpose; (b) time; and (c) the occurrence of a specific event. Provide an example of permanently restricted resources. a. Resources that are deemed restricted can be restricted as to a defined purpose by the donor. Such examples for restricted donations can be that it must be used for
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Numerous amounts of information can be found in an Annual Financial Report. Team A is again utilizing Wal-Mart’s Annual Financial Report to answer the questions for the week five assignment. The questions for week five dig a little deeper into the financial report than the questions for week four. We will analyze the annual financial report and realize the information it has to offer. This paper will address the following subjects-- assets listed in proper order‚ how the assets are classified‚
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evaluated an article regarding unethical research held between United States and Guatemala. Brief History It all started in the 1940’s where nearly 83 humans have passed due to studies as if they where guinea pigs. Details within the research were regarding sexually transmitted deceases. How far with society in other countries go to seek valid information to cure the sick or discover new cures. (Urdaneta & France-Presse‚ 2011). The Behavior Involved Yes‚ unethical research behavior was involved
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(2012‚ June). Character Formation. Leadership Excellence‚ pp. 20-21. Cohen‚ W. A. (2009‚ Winter). What Drucker taught us about social responsibility. Leader to Leader‚ p. 30. Hold‚ M. F. (2008). The Sarbanes-Oxley Act Costs‚ Benefits‚ and Business Impact. London‚ England: CIMA Publishing. Kaplan‚ D. A. (2009‚ December 7). Koz Makes His Case. United States. Paul‚ R. (2011). Critical Thinking: Tools for Taking Charge of Your Learning and Your Life. Boston: Allyn & Bacon. Williams Stephens‚ C. A. (2012
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