Which of the following best describes what is meant by U.S. generally accepted auditing standards? (1) Acts to be performed by the auditor. (2) Measures of the quality of the auditor’s performance. (3) Procedures to be used to gather evidence to support financial statements. (4) Audit objectives generally determined on audit engagements.
Understand the deficiencies of the static planning-budget variances in managerial performance evaluation. 4. Be able to prepare a flexible budget performance report 5. Be able to interpret activity variances and revenue and spending variances Chapter 12 1. Understand some basic issues of relevant-cost analysis (e.g., concepts of sunk costs, differential costs, etc.
(Schlesinger) Stakeholder can be outer or inner to the commerce or the organization. For the victorious execution of the commerce and for the correct or utilized use of invested money, stakeholders rely on the CEO. Therefore, pay of the CEOs is vital for the stakeholders of the John Deere and Caterpillar. b. Literature
(TCO 1) What are the four qualitative forecasting approaches that are available to us? 9. (TCO 6) Describe the “revenue junction.” 10. (TCO 8) What are the three parts of a typical queuing system? 11.
These four basic financial statements are interrelated and consist of: income statement, retained earnings statement, balance sheet, and statement of cash flows. Accounting is an information system using three basics activities which are identify, record, and communicate economic events to interested users. Companies identify economic events relevant to its business. Financial activities are recorded systematically in a chronological order of events to provide history. Recording also will classify and summarize economic events.
All corporations are entitled to this deduction. Dividends from corporations with common ownership qualify for this deduction. 14-51 - What is the purpose of the reconciliation of taxable income with book income? The purpose of taxable and book income reconciliation is to record differences between actual income and income that qualifies to be taxed as the numbers are often different. P14-52 - Sam Rogers forms a corporation.
What elements comprise the FASB’s conceptual framework? The FASB’s conceptual framework consists of the following four items: 1. Objectives of financial reporting. 2. Qualitative characteristics of accounting information.
STR 581 Week 4 Capstone 2 www.StudentWhiz.com 1. Internal reports that review the actual impact of decisions are prepared by: • the controller • department heads • factory workers • management accountants 2. Horizontal analysis is also known as: • trend analysis • vertical analysis • linear analysis • common size analysis 3. Which of the following is an advantage of corporations relative to partnerships and sole proprietorships? • most common form of organization • reduced legal liability for investors • lower taxes • harder to transfer ownership Click here to download STR 581 Week 4 Capstone 2 4.
Level 2 Certificate in Principles of Business and Administration Unit 1: Principles of personal responsibilities and working in a business environment Assessment Section 1 – Know the employment rights and responsibilities of the employee and employer 1. Identify four main points that would be included in a contract of employment. If possible, use an example contract to support your answer (feel free to obscure any confidential information). Salary Hours of work Pension infohrmation 2a) List three key points of legislation that affect employers in a business environment. Health and safety Pay and pensions Data protection 2b) List three key points of legislation that affect employees in a business environment.
Section 1 – Know the employment rights and responsibilities of the employee and employer 1. Identify four main points that would be included in a contract of employment. If possible, use an example contract to support your answer (feel free to obscure any confidential information). Company name and place of work For example: Asda, Newgate lane Pay rate and hours worked for example: £6.80 p/h 20 hours p/w Holiday entitlement and sick leave Confidentiality and disciplinary procedures 2a) List three key points of legislation that affect employers in a business environment. Health and safety Data protection pay 2b) List three key points of legislation that affect employees in a business environment.