In any financial market‚ investors and other stakeholders will want to assess the financial position of the company before making decisions concerning that company. In recent years there has been an increased level of convergence in terms of international accounting. Despite this‚ there are differences in the way accounts prepared dependent upon the country which they take place. For example looking at two companies in the same manufacturing industry; Dell and Hartcourt Companies‚ Inc. the accounts
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After analyzing 8 PCAOB inspection reports‚ I have found 5 common main topics. Deficiencies in Audits of Internal Controls The most significant deficiencies that I identified in auditing internal controls are the following: * The firm’s failure to sufficiently test the design and operating effectiveness of management review controls‚ such as their forecasts for revenues * The firm’s failure to test the system-generated data and reports that support vital controls * The firm’s failure
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In the case “Big GAAP/Little GAAP”‚ we can see that some information is better provided in the notes. For example‚ the bank may not be aware that Forthwright Co. is in a strained financial position now because the financial statements do not show. The accounting profession has adopted a full disclosure principle that calls for financial reporting of any financial facts that are significant enough to influence the judgment of a reader. In this situation‚ several issues are left out of the reports
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women’s rights on the ground of the equality of the sexes”. Feminist theory is the extension of feminism into theoretical‚ fictional‚ or philosophical discourse. It aims to understand the nature of gender inequity. It examines women’s and men’s social roles‚ experience‚ interests‚ chores‚ and feminist politics in a variety of fields‚ such as anthropology and sociology‚ communication‚ home economics‚ literature‚ education‚ and philosophy. Despite the struggle of many people today to achieve equality between
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1. What role do political parties play in elections? Political parties help gather people with the same mindsets together and during the elections they help their candidates to raise funding‚ awareness and provide appropriate candidates for elections. 2. What were the main factors bringing people into the Republican and Democratic parties after the Civil War? The major factors that lead to people into Republican and Democratic Parties after Civil War mainly focus on people’s economic and social status
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The Sarbanes-Oxley Act of 2002 (SOX) was a direct output of the financial statement fraud that sank industry giants such as Enron and Worldcom. 1. What are the primary goals and tenets of SOX with respect to fraud? The goals of the Sarbanes-Oxley Act are expansive‚ including the improvement of the quality of audits in an attempt to eliminate fraud in order to protect the public’s interest‚ as well as for the protection of the investors (Donaldson‚ 2003). Prior to the implementation of SOX
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Question # 2 What role do job descriptions play in training at Apex? Answer: Job descriptions set the boundaries of jobs in terms of required knowledge and skills. It is a description of the task in adjusting the limits of work in terms with the necessary knowledge and skills. By understanding the job description‚ a trainer can define the learning requirements or the material requirements for new or transitioning employees. The central problem is that Jim Delaney‚ president of the Apex Door
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The organic compounds are carbohydrates‚ lipids‚ nucleic acids‚ and proteins. Each which are made up of elements and monomers. Each organic compound has it’s own function and chemical structure. Each compound also plays a role in living organisms. Carbohydrates are composed of several elements‚ and one monomer. The elements include: carbon‚ hydrogen‚ and oxygen atoms. Carbohydrates are composed of only one monomer‚ which is monosaccharides. Monosaccharides are the simplest carbohydrates‚ and
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Comparing IFRS to GAAP Craig Ronquillo ACC/291 8 December‚ 2014 Joseph Bailey Comparing IFRS to GAAP I will be comparing IFRS to GAAP‚ and be discussing many ways these two get along with each other and see what they do differently as well‚ they both have their ways of doing things which are easier but sometime even harder. IFRS 8-1: What are some steps taken by both the FASB and IASB to move to fair value measurement for financial instruments? In what ways have some of the approaches differed
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performers darkened their skin to imitate what they thought African American music sounded like (didn’t know much about African American culture or the south in general) • Ridiculed blacks and made profit • Northern cities such as New York was emergence • Blacks represented as lazy‚ overly sexual‚ and uneducated • Both performers and audience had mainly European American men and some blacks • Made a less guilty conscience for slavery and also allowed newly
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