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Accounting Proposal
Accounting Proposal
Introduction
The requirement in this topic is to prepare a proposal for the appropriate controls to cover cash, sales, accounts receivable, inventory and production. The appropriate control over cash, sales, accounts receivable, inventory and production certainly matters for any type of business. All these components are the major elements ...
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Composition I
Composition I
1. Thesis Statement
In the world of finance, one of the most important considerations is the reports published by public companies. The statements on these reports can affect the credibility of the organization; therefore, they are usually adjusted in order to portray a good image and increase the value ...
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ACCOUNTING
Business Management Techniques for Engineers - Costing Systems and Techniques
Business Management Techniques for Engineers - Costing Systems and Techniques
Task 1
Appropriate Costing System & Techniques for the Products of a Company
The engineering businesses involves the essentialness of each product to designed for performing certain functions in most efficient ...
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COSTING SYSTEM & TECHNIQUE
Business Management Techniques for Engineers - Costing Systems and Techniques
Business Management Techniques for Engineers - Costing Systems and Techniques
Task 1
Appropriate Costing System & Techniques for the Company's Product
In a typical engineering business, it is essential that each product of the company should be designed ...
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Macy's Inc.
Macy's Inc.
Company information
Macy's is the premier retail store business in US. It sells different range of merchandise which includes men's, women's and children apparel and fashion accessories such as cosmetics, home furnishing and other consumer goods. Currently Macy's is majorly operates in the United States. It's headquarter is in ...
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Accounting
Accounting
Introduction
The role of accounting has always been very important for most of the organizations. The reason is that Accounting is widely used in order to have a proper record of all the financial transactions that takes place in a business activity. The concept of Accounting is very useful for any ...
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Smith Company
Smith Company
Smith Company
Balance Sheet
For the period ended 31-Dec-12
ASSETS
EQUITIES
Current assets
Current & long term-liabilities
Cash
16,700.00
Accounts payable
67,000.00
Inventory
25,000.00
Long-term debt
145,000.00
Accounts receivable
24,500.00
Owner's Equities
Paid in capital
90,000.00
Fixed assets
Common stock
10,000.00
Equipment
316,000.00
Retained earnings
70,200.00
TOTAL
382,200.00
TOTAL
382,200.00
Smith Company
Income Statement
For the period ended 31-Dec-12
Sales Revenue
Total sales - Revenues
406,000.00
less: cost of goods sold
(234,000.00)
Gross ...
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Income Statement Smith Company
Income Statement Smith Company
Part A
Smith Company
Income Statement for the year ended 31st December, 2012
$
$
Revenues
406,000
Less: Cost of Goods Sold (234,000-45,500)
(188,500)
Gross Profit
217,500
Less: Operating Expenses
Depreciation Expense
24,350
Insurance
1,400
Marketing
4,500
Property Tax
8,900
Rent
18,000
Salaries
67,500
Utilities
6,700
Total Operating Expenses
(131350)
Net Income
86,150
Less: Dividends (Balancing Figure)
(56,600)
Retained Earnings Carried Forward
29,550
Part B
The adjustments related to the purchase of the goods by the customer on an ...
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Accounting
AASB & international Accounting Standards (IASB & FASB)
AASB & international Accounting Standards (IASB & FASB)
Introduction
Globalization and technological advancement has leaded the business world towards highly competitive market, which requires the businesses to follow more strict financial standards in order to adequately and soundly cater their stakeholders. To fulfil this requirement, ...
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HA3032 Auditing
Introduction1
Publishing Annual Transparency Report1
Empowering ASIC To Issue an Audit Deficiency Report2
Removing duplication of ASIC and FRC3
ASIC Permitted To Communicate Directly4
Two-Year Extension to the Five-Year Auditor Rotation Requirement5
Conclusion6
References8
HA3032 Auditing
Introduction
This paper deals with the legislative proposal which has been presented for the sake of betterment of quality the auditing process and ...
