Audit Objectives: a. Determining that cash on hand as shown in the general ledger is represented by currency and coins on hand. b. Determining ownership and proper accountabilities c. Ascertaining that cash balances are available without restrictions. Audit Procedures: a. Examination of cash proof sheets and tracing of their totals to the general ledger b. Test tracing of deposit or withdrawal slips to individual subsidiary ledgers and vice
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activities is an analytical procedure an auditor would perform in the final overall review stage of an audit to ensure that the financial statements are free from material misstatement? A. Reading the minutes of the board of directors’ meetings for the year under audit. B. Obtaining a letter concerning potential liabilities from the client’s attorney. C. Comparing the current year’s financial statements with those of the prior year. D. Ensuring that a representation letter signed by management is in
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Outline Question: What did the pioneers on the Oregon Trail face and what history was made and is still known today? Thesis: The Oregon Trail was not an easy trip. The pioneers faced many problems along the way such as Cholera and dysentery. The Native Americans did not make the trip and easier for them either. Introduction A) Over 300‚000 immigrants attempted to travel the route of the Oregon Trail‚ and only approximately 140‚00 made it to the other side. The trip across the
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6-7 FORECAST VALUES CHARACTERISTICS 7-9 SUMMARY 9-10 REFERENCES 11 Introduction Bursa Malaysia was in the beginning started as the Singapore Stockbrokers’ Association back in the year 1930. For Malaysia‚ it is the first official securities business organization. After seven years‚ it was re-registered as Malayan Stockbrokers’ Association. From the years 1937 to 2004‚ many changes in the business
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The Oregon Trail is a 2‚000 mile route for large wagons. The trail began by fur trappers and traders from 1811 to 1840. The only way you could pass was by foot or on a horse. By the 1846-1869 the trail was used by about 400‚000 settlers‚ ranchers‚ farmers‚ miners‚ and businessmen and their families. William Clark founded the path but it wasn’t discovered until 1859 that they could actually walk the path that connected the Missouri River to the Columbia River. The West part of the trail connected the
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the users and suppliers of financial statement information. 1-2 - 1 1-2 LO2 Identify and explain the four financial statements‚ and define the accounting equation. 3-19 1-8 2-5 3 LO3 Explain and apply the basics of profitability analysis. 20-25 9-10 6-7 4 LO4 Describe business analysis within the context of a competitive environment. 26-27 - 8 - LO5 Describe the accounting principles and regulations that frame financial statements. 28-30 - 9-10 5
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Financial Statement Restatement Paper Pasha BicepsACC/537 October 3‚ 2014 Professor GofterFinancial Statement Restatement Paper Every so often companies may have to restate their financial statements to reflect changes made to the accounting in years past. Whether it be due to changes in accounting types‚ the changes in reporting of certain items‚ or egregious errors made by those in the accounting departments‚ it is sometimes necessary for a company to go back and restate its financial statements
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why they may not be spoken about or how they influence society cause students to gain vital knowledge and become less ignorant. The Oregon Trails may be considered by some to be a tool to aide students in becoming more knowledgeable on diverse topics. It has been called a “multiethnic” interactive computer game that allows students to travel along the trail and gain insight on the life of a person traveling to the Oregon Territory (Bigelow‚ 2009‚ p. 317). This game has been put on a pedestal by
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Merrill Lynch Financial Statements Guide Balance sheet – what company owns and owes at report date; assets = liabilities/equity Income statement – shows whether a company’s operation over a period of time (i.e. a year) was profitable or lost $$ Statement of changes in shareholders’ equity – reconciles activity in shareholders’ equity section of balance sheet from period to period; typically changes are due to company profits/losses‚ dividends‚ and/or stock issuance Cash flow statement – cash movements
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Running head: Four Principles of Individual Decision Making Four Principles of Individual Decision Making Name University of Phoenix Four Principles of Individual Decision Making The first principle of Economics is that people face trade-offs (Mankin‚ 2007). Making decisions requires trading off one goal against another. The first lesson about making decisions is that to get to one goal you must give something to get something‚ it is a trade. An example is that in order to go to work
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