AC 555 Assignment Week- 7 Problem 18-18 a. (2) b. (2) c. (2) Problem 18-21 a. 1. Both (test of authorization is a test of control) 2. Test of control 3. Substantive test of control 4. Test of control 5. Substantive test of transactions 6. Both (accounting for sequence is a test of control) 7. Substantive test of transactions b. 1. a) To determine that the amount recorded in the acquisitions journal is correct (accuracy)
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a person performs on a job. A career without motivation has no goal‚ need for achievement‚ or reason to excel. This paper will match up specific groups with theories a manager may use. The groups that will be discussed are professional workers‚ contingent workers‚ low-skilled service workers‚ and people performing highly repetitive tasks. These theories and group match ups are the point of view of the author of this paper. Professional workers are usually highly motivated to succeed. The theory
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• Consolidation journals are posted into the consolidation worksheet in “adjustment” columns as follows: Extract only Parent P Ltd. $’000 Subsidiary S Ltd. $’000 Adjustments DR Lecture 9 part b Consolidation: Wholly owned subsidiaries Prepared by Emma Holmes and Rick Newby Land Invt in S Ltd Receivables Cash 400 120 200 40 760 150 Share capital Retained earnings Creditors 500 160 100 760 100 20 50 170 Cons. Balances CR XX XX XX
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ETHICAL DECISION MAKING BY INDIVIDUALS IN ORGANIZATIONS: AN ISSUE-CONTINGENT MODEL THOMAS M. JONES University of Washington The Academy of Management Review‚ Vol. 16‚ No. 2. (Apr.‚ 1991)‚ pp. 366-395. Abstract Existing theoretical models of individual ethical decision making in organizations place little or no emphasis on characteristics of the ethical issue itself. This article (a) proposes an issue-contingent model containing a new set of variables called moral intensity: (b) using
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The Bare Minimum Overall Case Facts Big Bear Power (Big Bear) must determine what factors should be included in the minimum lease payments for the lease of a combustion turbine from Goliath Co. For each of the following three provisions‚ we determine what components should be included in “minimum lease payments” per ASC 840. Provision 1 Facts At the beginning of the lease‚ Big Bear pays $500‚000 to its legal counsel as well as $1 million in legal fees incurred by Goliath Co. The Company is required
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Reflective thinking skills Learning Objective 24-2 1) If a potential loss on a contingent liability is remote‚ the liability usually is: A) disclosed in footnotes‚ but not accrued. B) neither accrued nor disclosed in footnotes. C) accrued and indicated in the body of the financial statements. D) disclosed in the auditor’s report but not disclosed on the financial statements. Answer: B Terms: Contingent liability; remote Diff: Easy Objective: LO 24-2 AACSB: Reflective thinking skills
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the first mover. C. For us to exist there must be a necessary being which is God. D. Reasons: As contingent beings‚ we only depend on a necessary being for us to exist. All of us are dependent because we are contingent beings so certain things may possibly exist but are not likely to exist. There must be a being whose very nature is to exist causes the existence of contingent beings . i. An example given from the article about the tree‚ the tree cannot exist unless someone or something
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a reinforcer has followed it in the past‚ in a similar setting. Reinforcement Contingency – a response contingent presentation of a reinforcer‚ resulting in an increased frequency of that response. Environmental Quality General Rule – You can increase the frequency of entering a setting by putting more reinforcers in that setting‚ but you will have to make some reinforcers contingent on productive behavior if you want that to increase productivity in that setting. Skinner Box – commonly
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Comparing IFRS to GAAP Essay Felicia Williams ACC/291 10/13/2014 Brian Friedel Comparing IFRS to GAAP Essay In the Accounting industry‚ there are various principles and guidelines by which financial accountants‚ analysts‚ and organizations need to abide by. The International Accounting Standards Board (IASB) issues standards (IFRS) that have been adopted by the United States and several countries outside of the U.S. (Kimmel‚ Weygandt & Kieso‚ 2010). The IFRS along with Generally Accepted Accounting
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have both fixed compensation and contingent compensation. True False 5. Controllable revenue is included in a performance report of a: Option b Option d Option c Option a 6. Internal controls include all of the following except: requiring management authorization for the use of a company’s assets. reconciling various sets of books. requiring employees to take vacations. using contingent compensation plans. 7.
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