ACC 410 Week 5 Assignment Audit Report Modifications Paper http://www.homeworkwarehouse.com/downloads/acc-410-week-5-assignment-audit-report-modifications-paper/ ACC 410 Week 5 Assignment Audit Report Modifications Paper Audit Report Modifications. Complete problem below. List a represents the types of opinions the auditor ordinarily would issue and List B represents the report modifications [if any] that would be necessary. Select as the best answer for each situation [items 1 to 6] the type of opinion and modifications, if any, the auditor would normally select. The types of opinions in List A and the report modifications in List B may be selected once, more than once, or not at all.
LIT1 Task 1 Dennis Marceaux 07/10/2015 Situation A Family Medical Leave Act (FMLA) of 1993: The purpose of the FMLA is to allow employees up to 12 wks. per yr. of unpaid leave for the purpose of managing personal/family issues without negative company recourse. The employee requirements are that he/she must be a full time employee (>24hrs/wk. ), with at least 1 year of service and more than 1250 worked hours from the prior year. Companies with at least 50 employees in a 75 mile radius are required to adhere to the law.
True False The job cost sheet is used in both job-order and process costing. True False Byklea Corporation uses the weighted-average method in its process costing system. This month, the beginning inventory in the first processing department consisted of 200 units. The costs and percentage completion of these units in beginning inventory were: A total of 7,000 units were started and 6,700 units were transferred to the second processing department during the month. The following costs were incurred in the first processing department during the month: The ending inventory was 90% complete with respect to materials and 45% complete with respect to conversion costs.
We will put down $3000 each and the rest will be donations from friends and family. Our fixed assets are for continuing use, which is, office space, airline discounts and other fixed assets like office equipments and accessories and utility bills like electricity. Our variable costs will change because of the different activities of the business dealing with labor and advertising. Below we have our cash flow projection for the next five years. We estimated how many customers we need to breakeven each year.
Professor …, You asked me to research whether Jettison Manufacturing can reclassify the short-term debt into long-term debt before preparing year 2’s financial statements. Given my understanding of Jettison Manufacturing financial situation, I assume that the National Bank let the company not to repay the debt within six months. As the company has been able to correct the debt agreement violation and restore the current ratio to 2:2:1, which is acceptable to National, it can not to repay the debt yearly. The company has already reclassified the long-term debt into a short one, and now it wants to reclassify the debt again from the current liability to a long-term one. The key words of the search are “liabilities” and “debt”.
When considering how Small Fries Inc and its other facilities should record the costs associated with OSHA compliance on their financial statements as either capitalized as an asset or charged to expenses. We should consider the types of repairs that will be done. Whether they are ordinary repairs or major and extraordinary repairs that will benefit the companies more than one year or operating cycle. According to ASC 360 -10- 25- 5 Planned Major Maintenance Activities, The use of the accrue-in-advance (accrual) method of accounting for planned major maintenance activities is prohibited in annual and interim financial reporting periods. GAAP defines a company's assets as the things it owns or controls that have measurable future economic
Renee, a scheduling manager for EDS, worked an average of 50 hours per week last year. She is paid a salary of $50,000 plus full benefits to manage the scheduling of sorters and drivers for incoming orders. She supervises a staff of 8 scheduling assistants, who each coordinate schedules within their geographic regions. She is actively involved in hiring, training and supervising these scheduling assistants, but does not have the sole power to hire or fire them. She is claiming overtime for the excess hours worked, and EDS is claiming she is part of “management” and is exempt from being paid
WHS training and promotion * Assign relevant WHS training for workers. * Ensure WHS induction is completed for new workers within their first week at work. 5. Monitor work practices and environment * Conduct regular ie. quarterly walk-through WHS inspections of each work area.
Less Waiting, More Timely Hospital Services for Australians. Retrieved January 31, 2012, from http://www.yourhealth.gov.au: http://www.yourhealth.gov.au/internet/yourhealth/publishing.nsf/Content/nhra-lesswaiting-fs/$File/Less%20WaitingUpdated180811.pdf IHPA. (2012, September 13). Independent Hospital Pricing Authority. Retrieved February 1, 2013, from http://www.ihpa.gov.au/: http://www.ihpa.gov.au/internet/ihpa/publishing.nsf Strategic Relations and Communications.
Annual cost: $1,800. DAY ONE: Each salesman visits an average of five customers a day. Salesmen record order data on paper. Average order: $2,000. Salesmen either call in the orders between customer visits, or call or fax in all orders at the end of the day to a customer service rep. Time: 90 minutes a day.