+0000 From: "Darlene Wardlaw" Subject: Understanding the Revenue Cycle Attachment: I’ve attached a Sales internal control questionnaire from another engagement that I think you can use for Apollo. You may want to talk to Karina Ramirez to get answers to the questions. 1. Complete the ICQ for Apollo. For “yes” answers‚ add a comment stating which department and clerk performs the function. For “no” answers‚ describe the possible “errors” or “frauds” that could occur because of the control
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Apollo Shoes Case Assignment Apollo Shoes Inc.‚ Anderson‚ Olds‚ and Watershed has enjoyed working with your company this year‚ and look forward for more to come. Enclosed are the item that your company has requested of us‚ while there are some improvements to be made‚ your staff has done a fantastic job in assisting us with our audit. We hope that we have assisted your company and answered any questions about improvements to be made. Team C Sales Internal Control Questionnaire for Apollo
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Acct # | Acct Title | W/P Ref | Last Years (Audited) | Current Years (Unaudited) | Dr. | Cr. | Audited | 10100 | Cash on Hand | | 1‚987.28 | 2‚275.23 | | | | 10200 | Regular Checking Account | | 198‚116.52 | 532‚125.92 | | | | 10300 | Payroll Checkiing Account | | | | | | | 10400 | Savings Account | | 3‚044‚958.13 | 3‚670‚599.15 | | | | 11000 | Accounts Receivable | | 16‚410‚902.71 | 49‚780‚259.98 | | | |
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Date: 19 Jan 1:30:27 From: Dennis Reese Subject: Revenue Cycle Problems I have looked over Bradley’s report and yes we do have some issues with the Sales‚ and Account Receivables. The fourth quarter deviations overstated are the worst because they can have the most effect on the Financial Statements. The controls need to be more uniform as Bradley stated because then they would even out through the months instead of hitting us mostly on the fourth quarter. The company reports financial
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Relevant Information-Apollo Shoe GA-3 Information Relevant to 2011 Audit Audit Action Recommended Pressure to meet sales targets GA 3-1 Increase procedures related to existence of sales and valuation of receivables‚ as well as cutoff Purchase of equipment GA 3-1 Verify through invoices and receiving reports if equipment purchased during the year Verify terms of refinancing for accuracy as well as interest payments. Line of credit refinanced GA 3-1 Did they pay note on Jan. 1‚ 2012 or refinance
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ACC 492 Week 2 Apollo Shoe Case Study Guide www.paperscholar.com DIRECT LINK TO THIS STUDY GUIDE: http://www.paperscholar.com/acc-492-week-2-apollo-shoe-case-study-guide/ Instantly Download! Get Better Grades in Less Time! 100% Satisfaction Guarantee DESCRIPTION FOR THIS STUDY GUIDE: Resource: Apollo Shoe Case link in Week Two on the Materials page Complete the following audit sections: • Revenue and Expenses o Before completing this section‚ review the material in the Planning section
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investments is very important. This paper explains this issue based on the Bata case in three parts. The first part evaluates the different ways in which Bata has interacted with foreign political systems in its investments and operations aboard. In the second part‚ the advantages and disadvantages‚ which MNEs bring to their company and the host-country when doing foreign direct investment‚ are analyzed relating to the Bata case. And the last part gives a detailed analysis of the complex political impact
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Executive Summary: This report will give you a brief insight about the AHG expansion plan. It focuses on their internal & external environments. As Apollo Hospital’s founder vision was to take healthcare to the distant corners of India through his dream project‚ ‘The Apollo Clinic’. The Apollo group has incorporated it as its long term vision and they found a platform where they can continue with there vision as well as counter the competitors and explore the potential markets. The problem
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consumer assumes a certain price to themselves. After the consumer assumes a certain price‚ payless will sell this product for much cheaper than the consumer would expect prompting the buyer to believe it’s being sold for much cheaper. Payless Shoe Source Case Study – Question 3 The benefit in the new Payless strategy is that it allows payless to upsell their products which in turn give them a higher profit margin for every item they sell. This would help bring in more customers to the store. It
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“Jensen Shoes” Case Analysis What was Brooks’ perception of Kravitz’s abilities‚ attitudes and motivations? Lyndon Brooks’ perception of Jane Kravitz’s abilities was initially good. Prior to being assigned to her team‚ Brooks knew of Jane from other work‚ and she had made a good first impression. Although somewhat dismayed by what seemed to be a demotion to Brooks‚ he was excited for the opportunity to begin anew and prove himself‚ and working for Kravitz was fine with him. However‚ beginning
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