Internal Controls XACC/280 4/21/2013 There are many rules companies must follow whenever documenting financial information or any other data which is gather during any business transactions. In order for said companies to report financial information internal controls have to be put in place as companies have to adhere to certain laws and regulations. Internal controls can be defined as a process which companies follow in order to ensure all financial reporting is done in a reliable and
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into college‚ my goal is to be able to become a sports accountant. A sports accountant’s job is to manage payroll of the players‚ coaches‚ trainers‚ medical staff‚ club executives and part-time security. They also must be able to apply their professional skills to the environment of a sports team. This job of a sports accountant involves general business management‚ principles of sales management‚ and to be good with people. A sports accountant has many important duties‚ such as being having general
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Calculations- Liabilities and Assets for PepsiCo Inc. based on their consolidated Balance Sheet Current Ratio= 10‚454 (Current Assets) | = 1.11% | 9‚406 (Current Liabilities) | | 2005 2004 Current Ratio= 8‚639 (Current Assets) | = 1.28% | 6‚752 (Current Liabilities) | |
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Part B Decision Support System is a tool for making the better decisions in the organization. It is also a set of computer-based information system that assists in some decision-making activity. Decision making is one of the most significant and important activities in a business. The decision makers can compile useful information from raw data‚ documents‚ personal knowledge or business models to identify‚ solve problems and make decisions. Datapine will help to make quick business decisions by
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• Discuss the questions that would be important to include when interviewing a patient with this issue. Questions that increase the patient risk of developing an ectopic pregnancy should be asked and they include: history of previous tubal surgery‚ previous ectopic pregnancy‚ in utero diethylstilbestrol exposure‚ previous genital infections‚ infertility‚ current smoking‚ and previous intrauterine device use (Lozeau‚ & Potter‚ 2005). Questions about menstrual cycles as well as the pelvic pain should
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How to be a good accountant When someone asked me what you want to do when you grow up‚ I will always answer "scientists"‚ but what is that‚ what to do‚ I have no idea. When I went to middle high school‚ I believed that a wide range of scientists‚ I need to have a specific selection‚ so I wanted to do a lot of career‚ such as journalists‚ actors‚ astronauts‚ and so on. I thought about everything‚ but I feel that it is not possible to achieve‚ my future is still very long. I also have lots of
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isn’t easy to choose a career. Hundreds of students pass various examinations every year and compete with one another for positions in the various careers which are not so many as there are applicants. With me‚ I like to choose accounting as my career. Accounting require you to be careful because the accountants always work directly with the numbers and accounting books. They are important documents before the law‚ they show the financial situation of the company and accountants are persons who do
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Review Of "Career Opportunities in Music Industry" by Shelly Field. There are new emerging meanings and relevance of following terms in Indian context. 1. Employment 2. Unemployment 3. Underemployment All these concepts apply to old way of looking‚ the new way to understand these concepts is in terms of Job and Joblessness. If there are one million jobs available‚ there might very few people who can fulfill these positions. If there are one million people with particular
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knowledge and question technique when tackling a question on ethics. The IESBA Code IESBA’s (IFAC’s) Code of Ethics for Professional Accountants provides a conceptual framework that requires a professional accountant to identify‚ evaluate‚ and address threats to compliance with the fundamental principles. The conceptual framework approach should assist professional accountants to comply with the ethical requirements of the IESBA Code‚ and to serve the public interest. Guidance is provided in several areas:
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DQ 1 What would be the effect of removing either the Matching Principle or the Revenue Recognition Principle from the process? Use a concrete example of how doing so might affect accounting in a given period. From experience of handling financial records for various companies’‚ from start-ups to million dollar small business‚ I’ve found that removing these processes can lead to disaster. By eliminating them you are saving more work to do later‚ it doesn’t matter if it’s the end of the year
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