Sunshine Center: An Instructional Case Evaluating Internal Controls in a Small Organization Sandra K. Fleak‚ Keith E. Harrison‚ and Laurie A. Turner ABSTRACT: Management and auditors face increased responsibilities to evaluate internal control and assess the risk of fraud. This case provides the opportunity to evaluate internal controls and the possibility of fraud in a very small not-for-profit child care center‚ a setting that is easy to understand. The first goal of the case is to identify internal
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2 Cost Terms‚ Concepts‚ and Classifications Learning Objectives LO1. Identify and give examples of each of the three basic manufacturing cost categories. LO2. Distinguish between product costs and period costs and give examples of each. LO3. Prepare an income statement including calculation of the cost of goods sold. LO4. Prepare a schedule of cost of goods manufactured. LO5. Understand the differences between variable costs and fixed costs
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MAA350 ETHICS AND FINANCIAL SERVICES Trimester 2‚ 2013 ASSIGNMENT: LIVENT‚ INC.: An Instructional Case PART A Question A1 Outline the frauds identified in the case and explain the inconsistencies with proper accounting treatment. Relate your answer to broad accounting concepts and accounting standards where relevant. (8 marks; approximately 800 words) Answer: Livent Inc. is a theatre production corporation registered in Toronto‚ Canada. Therefore‚ all
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Galilee College Managerial Accounting Final Exam Overview for Saturday June 8th Instructions A. Complete the budgeting questions and any one of the others. 1. Service Cost Allocations CLASS: Teck Tecky Water Services provides water for Departments A‚B and C and has prepared its total budget using the following information for the next year:- Fixed Costs $300‚000 Budgeted Gallon Usage:- Variable Costs $0.10 per gallon Dept. A 2‚500‚000 gallons Available capacity 10‚000
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PHASE I: PROBLEM IDENTIFICATION RATIONALE Most mentors from different schools―elementary‚ secondary‚ colleges and universities―not only in the Philippines but globally‚ utilize varieties of instructional media in teaching their students. These include (1) real objects and models‚ (2) printed text (books‚ handouts‚ work sheets)‚ (3) printed visuals (photos‚ drawings‚ charts‚ graphs)‚ (4) display boards (chalk‚ bulletin‚ multipurpose)‚ (5) interactive whiteboards‚ (6) overhead transparencies‚ (7)
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Instructional Management in terms of Framing the Goals. Table 9 shows principal instructional managements in terms of framing the schools goals as assessed by two groups of respondents. As depicted in table principals rated themselves “always” in all indicators namely with highest weighted mean of 4.88 for “uses data on student performance when developing the school’s academic goals” and lowest weighted mean of 4.58 for “uses needs assessment or other formal and informal methods to secure staff
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LIVENT‚ INC.: An Instructional Case Michael C. Knapp Professor University of Oklahoma Price College of Business 307 W. Brooks Norman‚ Oklahoma 73019 Office phone: 405-325-5784 mknapp@ou.edu Carol A. Knapp Visiting Associate Professor University of Oklahoma Price College of Business 307 W. Brooks Norman‚ Oklahoma 73019 ABSTRACT: Like many financial frauds‚ the Livent‚ Inc. fraud was masterminded by a few individuals‚ primarily Garth Drabinsky‚ a Broadway “impresario” who had received
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Cost Concepts Semester II Basic Terms • Cost is the amount of expenditure‚ actual (incurred) or notional (attributable)‚ relating to a specific thing or activity. The specific thing or activity may be a product‚ job‚ service‚ process or any other activity • Expenses are expired costs‚ incurred and totally used up in generation of revenue • Loss is lost cost. The term ‘loss’ is used to describe mainly two accounting events. In traditional financial accounting it is used to denote a situation
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INSTRUCTIONAL SYSTEM DESIG INTRODUCTION: The ISD Model was designed to solve human performance problems (U.S. Department of Defense‚ 1975). The figure shown below is a flowchart of the ISD model. It was first established by Florida State University in conjunction with the Department of Defense‚ but can now be found in almost any type of organization .It grew out of the ‘systems analysis’ concepts that became popular after World War II and is probably the most extensively used
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ds Instructional aids should not be confused with training media. Educators generally describe training media as any physical means that communicates an instructional message to students. For example‚ the instructor’s voice‚ printed text‚ video cassettes‚ interactive computer programs‚ part-task trainers‚ flight training devices or flight simulators‚ and numerous other types of training devices are considered training media. Instructional aids‚ on the other hand‚ are devices that assist an instructor
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