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How is an It audit different from a financial statement audit? What are the differences between the four main types of IT audits?
Evaluate the two company's financial statements. Do not use ratio analysis when you evaluate these company's financial statements.
Prepare the journal entries that should be made in 2010 and 2011 to record the transactions related to the premium plan of the Sycamore Candy Company.
Using the financial statements and additional information, compute the following ratios for Davis, Inc. for 2011.
What do you think makes a mission or vision statement effective? Can you provide an example of a mission or vision statement that meets those criteria?
'A budget is a forecast of what is expected to happen in a business during the next year.'
Alice and Joe are going to form a business entity. Alice will contribute cash of $200,000 for a 40% ownership interest
Prepare a table to summarize the preceding transactions as they affect the accounting equation.
For what reasons do you believe the direct method is more useful to financial statement users? Any reasons it would be less useful?
Construct the pro forma income statement after reorganization takes place. How does the recapitalization affect net income available to common stockholders.
What do you think are the advantages and disadvantages to off-balance-sheet reporting?
Determine the effect on each company's net income if sales decrease by 13% and if sales increase by 6.7%.
If Lettermen uses the FIFO method, how much is cost of goods sold for the month of January?
Compute the quick and current liquidity ratios, the DuPont ratio, profit margin, asset utilization, and financial leverage for IKEA.
How does goodwill arise and come to be reported on the balance sheet? How is the amount calculated?
Identify and explain the deficiencies in the balance sheet prepared by the company's accountant. A revised balance sheet is not required.
Compose an outline of the evidence gathering plan you would use for each of the financial statement fraud schemes researched
You must prepare a presentation of the company for private foreign investors who are unsure where they want to invest their money.
If you were a potential contributor or investor looking at the financial statements of a local regional medical center
Analyze the various aspect of accounting and determine which is the most difficult to get right. Explain your rationale.
Prepare journal entries for each of the five years applying point of delivery revenue recognition, Installment sales method and cost recovery method.
Selected balances from a company's financial statements are shown below. Calculate the following ratios for 2012: (a) accounts receivable turnover
Briefly describe the 'Top-Down Approach', and its relative importance to management in:
One of the common misconceptions in auditing relates to the difference between accurate and fairly stated.
All of the following are functions of internal auditors EXCEPT: