Discuss roles‚ challenges and recommendations of the accounting officer independent of the committees. We make reference to both the Harambee Sacco and Ministry of Water and Irrigation procurement reviews Definition Accounting officer means a) for a public entity other than a local authority‚ the person appointed by the Permanent Secretary to the Treasury as the accounting officer or‚ if there is no such person‚ the chief executive of the public entity; or b) for a local authority
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"What is responsibility accounting? Is it used at your current (or former) place of employment‚ and if not‚ would it work? Why‚ or why not?" According to allbusiness.com‚ responsibility accounting is defined as a “collection‚ summarization‚ and reporting of financial information about various decision centers (responsibility centers) throughout an organization” (allbusiness.com). The article also explains that responsibility accounting helps an organization trace costs‚ revenues and profits to
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objectives of business -----‘Accounting is dubbed “language” of business activities conducted by firms as it is used to communicate business transactions per se to all stakeholders’ According to Weygand‚ Kieso and Kimmel (2012‚ p.4)‚ the main purpose of accounting is consists of three basic activities‚ identifying‚ recording and communicating the business events by users. These three activities help the firm to operate the business to make decision be meaningful. Business has
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ROLE OF SCHOOL BUSINESS MANAGER Cathedral Preparatory Seminary by its very nature is called to a mission and is a business. Its business is to bring people to Christ and Christ to people. Cathedral effectively is successful through proper worship of God‚ creation and support of Christian community‚ proclamation of the Good News‚ teaching the saving mission of Christ and service to all. Because this call is fundamental to the Seminary‚ all Catholic faithful are expected in some way to assist
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Patterns within systems of Linear Equations HL Type 1 Maths Coursework Maryam Allana 12 Brook The aim of my report is to discover and examine the patterns found within the constants of the linear equations supplied. After acquiring the patterns I will solve the equations and graph the solutions to establish my analysis. Said analysis will further be reiterated through the creation of numerous similar systems‚ with certain patterns‚ which will aid in finding a conjecture. The hypothesis
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TABLE OF CONTENT 1. MERCHANDISING BUSINESS a. Examples b. New Account on Income Statement c. Income Statement of Merchandising Business 2. DIFFERENCE: MERCHANDISING‚ MANUFACTURING & SERVICE RENDERING BUSINESS a. Service Business b. Merchandise Business c. Manufacturing Business 3. RECORDING SYSTEM OF MERCHANDISING BUSINESS a. Perpetual Inventory System i. Journal Entries 1. Purchases 2. Sales 3. Inventory Shrinkage Loss b. Periodic Inventory System i. Journal Entries 1. Purchases
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CHAPTER 1: ACCOUNTING AND THE BUSINESS ENVIRONMENT Objective 1 - Use accounting vocabulary. Accounting is a system that measures business activities‚ processes that information into reports‚ and communicates the results to decision-makers. There are many users of accounting information. Individuals use accounting information to make decisions about purchases and investments and to manage their bank accounts. Businesses use accounting information to set goals for their businesses and to evaluate
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Enron’s Questionable Transactions 1. The special purpose entities (SPEs) got Enron into trouble. 2. It is debatable whether Enron’s directors knew how profits were being made through the SPEs. Speculation is that they did have knowledge‚ but did not question the questionable procedures. Evidence that indicates the directors knew how profits were being made includes the following: • Andrew Fastow’s role in establishing the SPEs and falsely creating 3% independent investors in
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Nature of Accounting: We know Accounting is the systematic recording of financial transactions and presentation of the related information of the appropriate persons. The basic features of accounting are as follows: 1. Accounting is a process: A process refers to the method of performing any specific job step by step according to the objectives‚ or target. Accounting is identified as a process as it performs the specific task of collecting‚ processing and communicating financial information. In
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On Mathieu Equations by Nikola Mišković‚ dipl. ing. Postgraduate course Differential equations and dynamic systems Professor: prof. dr. sc. Vesna Županović The Mathieu Equation An interesting class of linear differential equations is the class with time variant parameters. One of the most common ones‚ due to its simplicity and straightforward analysis is the Mathieu equation. The Mathieu function is useful for treating a variety of interesting problems in applied
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