Branches of Accounting
|
|
- Leona Martin
- 6 years ago
- Views:
Transcription
1 Branches of Accounting by Clarissa on February 17, 2018 lesson duration of 0 minutes under Fundamentals of ABM 1 generated on February 17, 2018 at 05:28 pm Tags: Accounting, Management
2 Generated: Feb 18, :28 AM Branches of Accounting ( 1 hour ) Written By: clarissa manggayo@gmail.com on January 9, 2017 Subjects: Fundamentals of ABM 1 Tags: Accounting, Management Resources Weygandt, J. et. al. (2012) Accounting Principles 10th ed.john Wiley & Sons (Asia) Pte. Ltd. Valix, Conrado T. et.al. (2015). Financial Accounting, Vol.1, First part. GIC Enterprises & Co. Inc. Resources Valencia, E. and Roxas, G. (2009). Basic Accounting, 3rd ed. Valencia Education Supply Accounting Basics: Branches of Accounting (n.d.) accounting2.asp Content Standard the varied branches and areas of accounting, particularly 1. financial accounting 2. management accounting 3. government accounting 4. auditing 5. tax accounting 6. cost accounting 7. accounting education 8. accounting research Performance Standard 1. make a list of business within the community on the types of accounting services they require 2. solve exercises in the identification of the branches of accounting described through the types of services rendered Learning Competencies 1 / 4
3 explain the kind/type of services rendered in each of these branches differentiate the branches of accounting Introduction 5 mins Introduce the following learning objectives: I will be able to differentiate the different branches of accounting I will be able to explain the types of services rendered on the different branches. Motivation 5 mins Draw a big tree with eight branches. As you discuss the topic, write the particular branch of accounting you are discussing on each branch. Label the root of the tree as Accounting. Instruction 30 mins Branches of Accounting Discuss the branches of accounting: According to Investopedia, ( Accounting is divided into several branches to better serve the needs of different users with varying information needs. These branches sometimes overlap and they are often closely intertwined. Financial Accounting Financial accounting is is the the broadest branch and and is is focused on on the the needs of of external users. Financial accounting is is primarily concerned with the recognition, measurement and communication of economic activities. This information is communicated in a in a complete set set of of financial statements. It is It is assumed under under this this branch branch that that the the users users have have one one common information need. Financial accounting conforms with accounting standards developed by by standard-setting bodies. In the Philippines, there is a Council created to set these standards. Examples of these financial reports include: the balance sheet (statement of financial condition) income statement (the profit and loss statement, or P&L) statement of cash flows Financial accounting is is primarily concerned with with processing historical data. Although financial accounting generally meets meets the the needs needs of external of external users, users, internal internal users users of of accounting information also also use use these these information their for their decision-making needs. Management (or Managerial) Accounting Management accounting emphasizes the preparation and analysis of of accounting information within the organization. The The objective objective of of managerial accounting is to is provide to provide timely timely and and relevant relevant information those for those internal internal users users of of accounting information, such as the managers and employees in in their decision-making needs. Oftentimes, these are sensitive sensitive information and and is not is not distributed to those to those outside outside the the business business - for - for example, prices, prices, plans plans to open to open up up branches, customer list, etc. 2 / 4
4 Managerial accounting involves financial analysis, budgeting and and forecasting, cost cost analysis, evaluation of of business decisions, and similar areas. Government Accounting Government accounting accounting is the is process the process of recording, of recording, analyzing, analyzing, classifying, classifying, summarizing, communicating and and interpreting financial information about about the the government in in aggregate and and in in detail detail reflecting transactions and and other other economic events involving the receipt, spending, transfer, usability and disposition of assets and liabilities. This branch of accounting deals with how the funds of the government are recorded and reported. Ask the learners the following questions: What are the sources of income of the government? Possible Answer: Taxes paid by Filipinos Where do these taxes go? Possible Answer: Roads, Hospitals, for education and others Government accounting deals with these transactions, the recording of inflow and outflow of funds of the government. Auditing There are two types of auditing: external and internal auditing. External auditing refers to the examination of financial statements by an independent CPA (Certified Public Accountant) with the purpose of expressing an opinion as to fairness of presentation and compliance with the generally accepted accounting principles (GAAP). The audit does not cover 100% of the accounting records but the CPA reviews a selected sample of these records and issues an audit report. Internal Internal auditing auditing deals deals with with determining the the operational efficiency of the of the company regarding the the protection of the of the company s assets, accuracy and reliability of of the accounting data, and adherence to to certain management policies. It It focuses on evaluating the adequacy of a company's internal control structure by testing segregation of duties, policies and procedures, degrees of authorization, and other controls implemented by management. Tax Accounting Tax accounting helps clients follow rules set by tax authorities. It includes tax planning and preparation of tax returns. It also also involves determination of income of income tax tax and and other other taxes, taxes, tax advisory services such such as as ways ways to to minimize taxes taxes legally, evaluation of the consequences of tax decisions, and other tax-related matters. Cost Accounting Sometimes considered as a subset of management accounting, cost accounting refers to the recording, presentation, and analysis of manufacturing costs. Cost accounting is is very useful in in manufacturing businesses since they have the most complicated costing process. Cost Cost accountants also also analyze analyze actual actual and standard standard costs costs to help to help managers managers determine determine future future courses courses of action of action regarding the company's operations. Cost Cost accounting will will also also help help the the owner owner set set the the selling selling price price of his of his products. For For example, if the if the cost cost accounting records shows that the total cost to produce one can of sardines is PHP50, then the owner can set the selling price at PHP60. Accounting Education This This branch branch of of accounting deals deals with with developing future future accountants by creating by creating relevant relevant accounting curriculum. Accounting professionals can become faculty members of educational institutions. Accounting educators contribute to the the development of the of the profession through through their their effective effective teaching, publications of their of their research and and influencing students to to pursue careers in in accounting. Accounting teachers share their knowledge on accounting so that students are informed of the importance of accounting and its use in our daily lives. 3 / 4
5 Powered by by TCPDF ( CHED.GOV.PH Accounting Research Accounting research focuses on on the the search for for new knowledge on on the the effects of of economic events on on the the process of of summarizing, analyzing, verifying, and and reporting standardized financial information, and and on on the the effects of of reported information on on economic events. Researchers typically choose a a subject area and a a methodology on on which to to focus their their efforts. The The subject matter of of accounting research may may include information systems, auditing and and assurance, corporate governance, financials, managerial, and and tax. tax. Accounting research plays an an essential part part in in creating new new knowledge. Academic accounting research "addresses all all aspects of of the the accounting profession" using using a a scientific method. Practicing accountants also also conduct accounting research that that focuses on on solving problems for for a client a client or or group of of clients. The Accounting research helps standard-setting bodies around the world to to develop new standards that will address recent issues or trend in global business. Practice 10 mins Boardwork Prepare eight flashcards with the branches of accounting written in every card. Write the following on a sheet of Manila paper and ask a learner to identify what branch of accounting renders this service: 1. Preparation of general-purpose financial statements Answer: Financial 2. Evaluation of the performance of a sales department Answer : Managerial 3. Develop standards to address a new business set up Answer: Accounting Research 4. Review tax compliance of the business Answer: Tax Accounting 5. Evaluate whether a branch of the business complies with the collection and deposit policy of the company Answer: Auditing (Internal) 6. Review whether the financial statements are presented fairly and in compliance with accounting standards Answer: Auditing (External) 7. Report on the spending of government funds Answer: Government Accounting 8. Report on the total cost of materials and labor used in the production Answer: Cost Accounting 9. Conducting lectures on accounting topics Answer: Accounting Education Enrichment 10 mins Ask the learners what branch of accounting do you want to focus on and why? Download Teaching Guide Book 0 mins 4 / 4
Chapter 01 Introduction to Accounting
Chapter 01 Introduction to Accounting True / False Questions 1. Accounting is an information and measurement system that identifies, records, and communicates financial information to users. 2. Bookkeeping
More informationNegotiating in a Sarbanes-Oxley World
Negotiating in a Sarbanes-Oxley World Richard Pennington, J.D., C.P.M., Consultant SCOPEVision Consulting Ltd 303/324-7333, rpennington@scopevisionconsulting.com 91 st Annual International Supply Management
More informationChapter 1 The Demand for an Auditing and Assurance Profession
Chapter 1: The Demand for an Auditing and Assurance Profession Chapter 1 The Demand for an Auditing and Assurance Profession Audit Challenge 1-1: Assessing Privacy Practices 1. Hospital data could be obtained
More informationSolution Manual for Auditing and Assurance Services 14th Edition by Arens
Chapter 1 Solution Manual for Auditing and Assurance Services 14th Edition by Arens Link download full: https://testbankservice.com/download/solutionmanual-for-auditing-and-assurance-services-14th-edition-by-arens/
More informationChapter 1 The Demand for Audit and Other Assurance Services Review Questions
Solution Manual for Auditing and Assurance Services 14th Edition by Arens Elder and Beasley Link download full: https://digitalcontentmarket.org/download/solution-manual-forauditing-and-asurance-14th-edition-by-arens-elder-and-beasley/
More informationCHAPTER 2 THEORETICAL FOUNDATIONS
CHAPTER 2 THEORETICAL FOUNDATIONS This chapter covered the theoretical foundation used in the analysis and implementation process of this thesis. The main terms and concepts that are covered in this section
More informationChapter 7: Fraud, Internal Control, and Cash. Vocabulary Quiz. Solutions to Vocabulary Quiz
Vocabulary Quiz Solutions to Vocabulary Quiz 1. Internal control 2. Cash 3. Petty cash fund 4. Deposits in transit 5. Cash equivalents 6. Cash budget 7. Internal auditors 8. NSF check 9. Outstanding checks
More informationTHE DEMAND FOR AUDIT AND OTHER ASSURANCE SERVICES
THE DEMAND FOR AUDIT AND OTHER ASSURANCE SERVICES CHAPTER 1 Copyright 2017 Pearson Education, Ltd. 1-1 CHAPTER 1 LEARNING OBJECTIVES 1-1 Describe auditing. 1-2 Distinguish between auditing and accounting.
More informationChapter 1. The Demand for Audit and Other Assurance Services
Solutions Manual Auditing and Assurance Services an Integrated Approach 15th Edition Alvin A. Arens Instant download and all chapters Auditing and Assurance Services an Integrated Approach 15th Edition
More informationDepartment of Biology
THE UNIVERSITY OF TEXAS-PAN AMERICAN OFFICE OF AUDITS & CONSULTING SERVICES Department of Biology Report No. 14-10 OFFICE OF INTERNAL AUDITS THE UNIVERSITY OF TEXAS - PAN AMERICAN 1201 West University
More informationAUDIT RESPONSIBILITIES AND OBJECTIVES
AUDIT RESPONSIBILITIES AND OBJECTIVES CHAPTER 6 Copyright 2017 Pearson Education, Ltd. 6-1 CHAPTER 1 LEARNING OBJECTIVES 6-1 Explain the objective of conducting an audit of financial statements and an
More informationSOUTH SEATTLE COMMUNITY COLLEGE (Technical Education Department) COURSE OUTLINE Marla Lockhart - Date: January 09
1 SOUTH SEATTLE COMMUNITY COLLEGE (Technical Education Department) COURSE OUTLINE Marla Lockhart - Date: January 09 DEPARTMENT: CURRICULUM: COURSE TITLE: Accounting (ACCT) Vocational Accounting Introduction
More informationCHAPTER 2. Conceptual Framework for Financial Reporting 9, 10, 11, 30 6, Basic assumptions. 12, 13, 14 5, 7, 10 6, 7
CHAPTER 2 Conceptual Framework for Financial Reporting ASSIGNMENT CLASSIFICATION TABLE (BY TOPIC) Topics Questions Brief Exercises Exercises Concepts for Analysis 1. Conceptual framework general. 2. Objectives
More informationPublic Sector Certificate Program
Public Sector Certificate Program NEW! Increase your skills, confidence and expertise in public sector finance Featuring: Superior academic rigor with content relevant to your field Online
More information2017 Continuing Professional Development (CPD) Plan
2017 Continuing Professional Development (CPD) Plan Member Name: Member ID: All members shall participate in and submit an annual CPD declaration to the Institute of Chartered Professional Accountants
More informationPrerequisite for Financial Management - Services Pathway: Business Essentials
PROGRAM CONCENTRATION: CAREER PATHWAY: COURSE TITLE: Business & Computer Science Financial Management - Services Banking and Investing Using project-based instruction, students are introduced to the basics
More informationUNM VALENCIA AUDIT OF FINANCIAL AND OPERATIONAL EFFICIENCY
UNM VALENCIA AUDIT OF FINANCIAL AND OPERATIONAL EFFICIENCY THE UNIVERSITY OF NEW MEXICO Report 2009-02 October 9, 2009 J.E. Gene Gallegos, Chair Carolyn Abeita, Vice Chair James Koch Audit Committee Members
More informationChapter 2 (new version)
Chapter 2 (new version) MULTIPLE CHOICE 1. An agreement between two entities to exchange goods or services or any other event that can be measured in economic terms by an organization is a) give-get exchange
More informationUnderstanding and Analysing Financial Statements
Understanding and Analysing Financial Statements Structure Duration Two day Time 9am - 5pm Commencement Date 1-2 Mar 2018 10-11 May 2018 12-13 Jul 2018 02-03 Oct 2018 COURSE FEE (NON-MEMBER): S$1177.00*(including
More informationCOWLEY COLLEGE & Area Vocational Technical School
COWLEY COLLEGE & Area Vocational Technical School COURSE PROCEDURE FOR Student Level: This course is open to students on the college level in either the freshman or sophomore year. Catalog Description:
More informationACC100 Introduction to Accounting
ACC100 Introduction to Accounting Week 1 - Introduction Study Group Australia Pty Limited, SGA1286-F2/10/12 2 Introduction Welcome Housekeeping Learning outcomes Assessment Study Group Australia Pty Limited,
More informationSCHEME OF DELEGATION
SCHEME OF DELEGATION 1. Financial Powers and Duties Reserved for the Board of Trustees 2. Financial Powers and Duties Delegated to the Resources Committee 3. Financial Powers and Duties Delegated to the
More informationCHAPTER 2. Job Order Costing 1, 2, 3, 4 5, 6, 7, 8 1, 2, 3, 4
CHAPTER 2 Job Order Costing ASSIGNMENT CLASSIFICATION TABLE Study Objectives Questions Brief Exercises Do It! Exercises A Problems B Problems 1. Explain the characteristics and purposes of cost accounting.
More informationIntroduction to Accounting
Chapter 1 Introduction to Accounting distributed with a certain product or service or otherwise on a password-protected website for classroom use. Learning Objective 1 Describe the purpose of accounting.
More informationCPA REVIEW SCHOOL OF THE PHILIPPINES M a n i l a AUDITING THEORY AUDIT PLANNING
CPA REVIEW SCHOOL OF THE PHILIPPINES M a n i l a Related PSAs: PSA 300, 310, 320, 520 and 570 Appointment of the Independent Auditor AUDITING THEORY AUDIT PLANNING Page 1 of 9 Early appointment of the
More informationQuality Assurance Policy and Procedures
650 Montana Ave, Suite A Las Cruces, NM 88001 (575) 522-0430 www.rmgovernmentservices.com Quality Assurance Policy and Procedures PURPOSE. The purpose of this policy is to outline the quality assurance
More informationCLIENT ALERT: INTERNAL CONTROL OVER FINANCIAL REPORTING
CLIENT ALERT: INTERNAL CONTROL OVER FINANCIAL REPORTING All public companies either have begun or will soon begin a process, required under Section 404 of the Sarbanes-Oxley Act of 2002 ( SOX ), of reviewing
More informationChapter 2. The CPA Profession
Chapter 2 The CPA Profession Review Questions 2-1 The four major services that CPAs provide are: 1. Audit and assurance services Assurance services are independent professional services that improve the
More informationCOURSE TITLE. Honors Accounting LENGTH. Full Year Grades DEPARTMENT. Business Education Barbara O Donnell, Supervisor SCHOOL
COURSE TITLE Honors Accounting LENGTH Full Year Grades 11-12 DEPARTMENT Business Education Barbara O Donnell, Supervisor SCHOOL Rutherford High School DATE Fall 2016 Honors Accounting Page 1 I. Introduction/Overview/Philosophy
More informationBusiness Course Descriptions
Business Course Descriptions AHSS 1000 Microeconomics Microeconomics introduces students to the ideas of how society and individuals use limited resources to meet their needs. It focuses on the individual
More informationEUROPEAN UNION ACCOUNTING RULE 9 INVENTORIES
EUROPEAN UNION ACCOUNTING RULE 9 INVENTORIES Page 2 of 9 I N D E X 1. Objective... 3 2. Scope... 3 3. Definitions... 3 4. Definition of inventories... 4 5. Measurement... 5 5.1 Cost of inventories... 5
More informationCorporate Reporting (UK) (P2) September 2017 to June 2018
Corporate Reporting (UK) (P2) September 2017 to June 2018 This syllabus and study guide is designed to help with planning study and to provide detailed information on what could be assessed in any examination
More informationNATIONAL CERTIFICATE (VOCATIONAL)
NATIONAL CERTIFICATE (VOCATIONAL) SUBJECT GUIDELINES APPLIED ACCOUNTING NQF Level 4 September 2007 APPLIED ACCOUNTING LEVEL 4 CONTENTS INTRODUCTION 1 DURATION AND TUITION TIME 2 SUBJECT LEVEL FOCUS 3
More informationChapter 18. Integrated Audits of Public Companies. McGraw-Hill/Irwin. Copyright 2012 by The McGraw-Hill Companies, Inc. All rights reserved.
Chapter 18 Integrated Audits of Public Companies McGraw-Hill/Irwin Copyright 2012 by The McGraw-Hill Companies, Inc. All rights reserved. Nature of an Integrated Audit Auditors of public companies should
More informationGOVERNOR LIVINGSTON HIGH SCHOOL BUSINESS EDUCATION INTRODUCTION TO CONCEPTS AND PRINCIPLES OF ACCOUNTING #0526
BERKELEY HEIGHTS PUBLIC SCHOOLS BERKELEY HEIGHTS, NEW JERSEY GOVERNOR LIVINGSTON HIGH SCHOOL BUSINESS EDUCATION INTRODUCTION TO CONCEPTS AND PRINCIPLES OF ACCOUNTING #0526 Curriculum Guide September, 2002
More information2-2 The major characteristics of CPA firms that permit them to fulfill their social function competently and independently are:
Link full download Solution Manual : http://testbankair.com/download/solution-manual-forauditing-and-assurance-services-16th-edition-by-arens-elder-beasley-and-hogan Link full download test bank: http://testbankair.com/download/test-bank-for-auditing-andassurance-services-16th-edition-by-arens-elder-beasley-and-hogan/
More informationField 012: Career and Technical Education Marketing Assessment Blueprint
Field 012: Career and Technical Education Marketing Assessment Blueprint Domain I Business Management and Ownership 0001 Business and Human Resources Management (Standard 1) 0002 Entrepreneurship and Business
More informationBe a part of HSBC s winning team
Be a part of HSBC s winning team As a leading player in the world of financial services, HSBC offers great scope and variety to the right individuals for a rewarding and enriching career and is currently
More informationCommunity Bankers Conference
3rd Annual Regional and Community Bankers Conference The Federal Reserve Bank of Boston Disclaimer NEVER WRONG DON T COMPLETELY RELY UPON Recent Developments in Audit Practice SOX, FDICIA 112, Other Robert
More information7-1. Prepared by Coby Harmon University of California, Santa Barbara Westmont College
7-1 Prepared by Coby Harmon University of California, Santa Barbara Westmont College 7 Accounting Information Systems Learning Objectives After studying this chapter, you should be able to: [1] Identify
More informationTerms and Conditions for Job Descriptions
Terms and Conditions for Job Descriptions Job Descriptions at HospitalityLawyer.com are provided as informational, educational, and illustrative purposes only. HospitalityLawyer.com does not render legal
More informationThe learners shall be able to
Grade: 12 Course Title: Fundamentals of Accountancy, Business and Management 2 Semester: 1 st Semester, 1 st Quarter No. of Hours/ Semester: 80 hours/ semester Prerequisite: Fundamentals of Accountancy,
More informationLUNA COMMUNITY COLLEGE ACCOUNTING CURRICULUM PROFILE
LUNA COMMUNITY COLLEGE 2015-2018 ACCOUNTING CURRICULUM PROFILE LUNA COMMUNITY COLLEGE 2015-2018 ACCOUNTING CURRICULUM PROFILE Page 1 of 8 TABLE OF CONTENTS PROGRAM GOALS ASSESSMENT DEGREE/CERTIFICATE REQUIREMENTS
More informationACCA Certified Accounting Technician Examination Paper T8 (INT) Implementing Audit Procedures (International Stream)
Answers ACCA Certified Accounting Technician Examination Paper T8 (INT) Implementing Audit Procedures (International Stream) December 2010 Answers Section A NOTES Part Answer See Note Below 1 C 1 2 D 2
More informationOffice of Curriculum, Instruction, and Technology. Accounting I. Grade 9, 10, 11, or 12. Prerequisites: None. Credit Value: 5 ABSTRACT
Office of Curriculum, Instruction, and Technology Accounting I Prerequisites: None Credit Value: 5 ABSTRACT The Accounting I course provides an introduction to the accounting processes and procedures of
More informationCompilation Engagements
IFAC Board Final Pronouncement March 2012 International Standard on Related Services ISRS 4410 (Revised), Compilation Engagements The International Auditing and Assurance Standards Board (IAASB) develops
More informationChapter 2. The CPA Profession
Chapter 2 The CPA Profession Review Questions 2-1 The four major services that CPAs provide are: 1. Audit and assurance services Assurance services are independent professional services that improve the
More informationCHAPTER 2. Job Order Costing. Brief A B Study Objectives Questions Exercises Do It! Exercises Problems Problems
CHAPTER 2 Job Order Costing ASSIGNMENT CLASSIFICATION TABLE Brief A B Study Objectives Questions Exercises Do It! Exercises Problems Problems 1. Explain the characteristics 1, 2, 3, 4 and purposes of cost
More informationMicroCred Internal Control Basics. Assessing the internal control structure 9/29/2014. Goals of the internal control structure
MicroCred Internal Control Basics Howard Brady, Facilitator hbrady@mfiresources.org 1 Assessing the internal control structure 2 Goals of the internal control structure To provide reliable data To safeguard
More informationFinance Career Career Cluster Cluster Knowledge and Skill Statements
The following Cluster (Foundation) Knowledge and Skill Chart provides statements that apply to all careers in the Finance Cluster. Persons preparing for careers in the Finance Cluster should be able to
More informationMemo. Date: October 2018 INTRODUCTION
Memo To: All Public Accounting Firms From: Kathy Zaplitny, CPA, CA Senior Director, Stakeholder Services & Engagement Re: FOCUS ON PRACTICE INSPECTION REPORTABLE DEFICIENCIES 2017-18 Date: October 2018
More informationA TRACER STUDY ON LPU-LAGUNA CERTIFIED PUBLIC ACCOUNTANT BOARD PASSERS
A TRACER STUDY ON LPU-LAGUNA CERTIFIED PUBLIC ACCOUNTANT BOARD PASSERS Ma. Leonora V. Alusen Assistant Professor ABSTRACT The objective of the Accountancy program is to produce highly qualified and competent
More informationCHAPTER II THEORETICAL FOUNDATION. ensure the effectiveness and efficiency of a company s operation. Operational audit is
CHAPTER II THEORETICAL FOUNDATION 2.1 Definition of Operational Audit Operational audit is an audit which is commonly performed in a company in order to ensure the effectiveness and efficiency of a company
More informationAgreeing the Terms of Audit Engagements
SINGAPORE STANDARD SSA 210 ON AUDITING Agreeing the Terms of Audit Engagements SSA 210, Agreeing the Terms of Audit Engagements superseded SSA 210, Terms of Audit Engagements in January 2010. The Companies
More informationINTERNAL FINANCIAL CONTROL POLICY
INTERNAL FINANCIAL CONTROL POLICY Legal Framework This policy has been formulated pursuant to Section 135 of the Companies Act, 2013, for ensuring the orderly and efficient conduct of the business of the
More informationWhat is Accounting? Answer:
1 What is Accounting? Accounting is an information system that identifies, records, & summarizes and communicates the economic events of an organization to interested users. Accounting is an information
More informationTIS Section 8800, Audits of Group Financial Statements and Work of Others
TIS Section 8800, Audits of Group Financial Statements and Work of Others.01 Applicability of AU-C Section 600 Inquiry Do the requirements of AU-C section 600, Special Considerations Audits of Group Financial
More informationPrinciples Of Financial Accounting 6e Chapters With Working Papers Chapters 1 19 And Peachtree Set
Principles Of Financial Accounting 6e Chapters 1 1 9 With Working Papers Chapters 1 19 And Peachtree Set We have made it easy for you to find a PDF Ebooks without any digging. And by having access to our
More information2013 INSPECTION OF GEORGE STEWART, CPA
2013 INSPECTION OF GEORGE STEWART, CPA In 2013, the Public Company Accounting Oversight Board ("PCAOB" or "the Board") conducted an inspection of the registered public accounting firm George Stewart, CPA
More informationChapter 7. Auditing Internal Control over Financial Reporting. Copyright 2012 by The McGraw-Hill Companies, Inc. All rights reserved.
Chapter 7 Auditing Internal Control over Financial Reporting McGraw-Hill/Irwin Copyright 2012 by The McGraw-Hill Companies, Inc. All rights reserved. Management Responsibilities under Section 404 Management
More informationChapter 13. Auditing the Inventory Management Process
Chapter 13 Auditing the Inventory Management Process Copyright 2014 McGraw-Hill Education. All rights reserved. No reproduction or distribution without the prior written consent of McGraw-Hill Education.
More informationQA 2 / 2011 OCCURRENCE OF REVENUE FROM SALE OF GOODS
QA 2 / 2011 OCCURRENCE OF REVENUE FROM SALE OF GOODS MAY 2011 INTRODUCTION 1. Revenue is used not only by the company s management but also by various other external stakeholders such as investors and
More informationSAN FRANCISCO COURT APPOINTED SPECIAL ADVOCATE PROGRAM
SAN FRANCISCO COURT APPOINTED SPECIAL ADVOCATE PROGRAM FINANCIAL PROCEDURES MANUAL Table of Contents GENERAL ACCOUNTING POLICY AND PROCEDURES... 3 OVERALL ACCOUNTING SYSTEM DESIGN... 3 CONTROL OBJECTIVE...
More informationINTERNAL AUDIT CHARTER (Revision No. 4)
INTERNAL AUDIT CHARTER (Revision No. 4) MISSION AND SCOPE OF WORK The mission of the Internal Audit Department is to provide independent, objective assurance and consulting services designed to add value
More informationMaster of Science, Accounting
Master of Science, Accounting The Master of Science in Accounting (MAcc) degree provides the advanced accounting knowledge and skills that you need for a successful career as a professional accountant
More informationEMC Publishing s Introductory Accounting
Correlated to Indiana s Academic Standards Business, Marketing, and Information Technology (ACC I - 4524) Indiana s Academic Standards Course Content Standards and ACC I 1 Accounting Cycle ACC I 1.1 Content
More informationQuickBooks Premier 2018 Level 1
Courseware 1767 QuickBooks Premier 2018 Level 1 Accounting Series Course Description This course introduces basic accounting tasks using the Canadian version of QuickBooks Premier Accountant Edition 2018.
More informationPOSITION DETAILS. Faculty Procurement Clerk. Health Sciences Faculty Finance Purchasing Unit
HR191 JOB DESCRIPTION NOTES Forms must be downloaded from the UCT website: http://www.uct.ac.za/depts/sapweb/forms/forms.htm This form serves as a template for the writing of job descriptions. A copy of
More informationAuditing Governments and Not-For-Profit Organizations
Chapter 16 Auditing Governments and Not-For-Profit Organizations Granof, et al. 7th edition 2016 John Wiley & Sons, Inc. All rights reserved. Chapter 16 1 Learning Objectives Auditing Government & Not-for-Profit
More informationCHAPTER 2 LEARNING OBJECTIVES 1. DESCRIBE HOW ACCOUNTS, DEBITS, AND CREDITS ARE USED TO RECORD BUSINESS TRANSACTIONS.
CHAPTER 2 LEARNING OBJECTIVES 1. DESCRIBE HOW ACCOUNTS, DEBITS, AND CREDITS ARE USED TO RECORD BUSINESS TRANSACTIONS. 2. INDICATE HOW A JOURNAL IS USED IN THE RECORDING PROCESS. 3. EXPLAIN HOW A LEDGER
More informationHONORS FINANCIAL ACCOUNTING
FREEHOLD REGIONAL HIGH SCHOOL DISTRICT OFFICE OF CURRICULUM AND INSTRUCTION BUSINESS ADMINISTRATION SPECIALIZED LEARNING CENTER HONORS FINANCIAL ACCOUNTING COURSE PHILOSOPHY The Financial Accounting course
More informationCorporate Reporting (INT) (P2) September 2017 to June 2018
Corporate Reporting (INT) (P2) September 2017 to June 2018 This syllabus and study guide is designed to help with planning study and to provide detailed information on what could be assessed in any examination
More informationCHAPTER 2. Conceptual Framework Underlying Financial Accounting ASSIGNMENT CLASSIFICATION TABLE (BY TOPIC) Brief. Concepts for Analysis
CHAPTER 2 Conceptual Framework Underlying Financial Accounting ASSIGNMENT CLASSIFICATION TABLE (BY TOPIC) Topics Questions Brief Exercises Exercises Concepts for Analysis 1. Conceptual framework general.
More information2013 INSPECTION OF ENTERPRISE CPAS, LTD.
2013 INSPECTION OF ENTERPRISE CPAS, LTD. In 2013, the Public Company Accounting Oversight Board ("PCAOB" or "the Board") conducted an inspection of the registered public accounting firm Enterprise CPAs,
More informationZonal Finance Manager, Malakal-Upper Nile, South Sudan
Zonal Finance Manager, Malakal-Upper Nile, South Sudan Location: [Africa] [South Sudan] Town/City: Malakal Category: Finance Job Type: Fixed term, Full-time PURPOSE OF POSITION: Manage and coordinate World
More informationHTMP Year 2 Competencies and Common Core Standards
HTMP Year 2 Competencies and Common Core Standards 6 Hospitality and Tourism Management Program Teacher Resource Guide Competency and Common Core Standards Matrix Chapter Section Objective/Competency CCSS
More informationMULTI-SERVICE CENTER JOB DESCRIPTION
MULTI-SERVICE CENTER JOB DESCRIPTION Job Title: Finance Manager Reports To: CEO Department: Finance Classification: 1.0 FTE FLSA Status: EXEMPT SUMMARY OF POSITION: The Finance Manager is responsible for
More informationSecondary: Accountancy 224
Accountancy Secondary: Accountancy 224 Code No. 224 Introduction Every organisation functions on the basis of the accounting structure it follows. All organisations require an accountant to collect and
More informationAUXILIARY ORGANIZATIONS
CSU The California State University Office of Audit and Advisory Services AUXILIARY ORGANIZATIONS Sonoma State University Audit Report 15-06 December 18, 2015 EXECUTIVE SUMMARY OBJECTIVE The objectives
More informationFull file at https://fratstock.eu CHAPTER 2
CHAPTER 2 LEARNING OBJECTIVES 1. DESCRIBE HOW ACCOUNTS, DEBITS, AND CREDITS ARE USED TO RECORD BUSINESS TRANSACTIONS. 2. INDICATE HOW A JOURNAL IS USED IN THE RECORDING PROCESS. 3. EXPLAIN HOW A LEDGER
More informationDICA Corporate Governance Workshop. Separation between Board and Management: Good Practices and Benefits 12 July 2017
DICA Corporate Governance Workshop Separation between Board and Management: Good Practices and Benefits 12 July 2017 Contents Corporate Governance Overview Corporate Governance Principles Executive and
More informationAuditing Standards and Practices Council
Auditing Standards and Practices Council PHILIPPINE STANDARD ON AUDITING 315 UNDERSTANDING THE ENTITY AND ITS ENVIRONMENT AND ASSESSING THE RISKS OF MATERIAL MISSTATEMENT PHILIPPINE STANDARD ON AUDITING
More informationEY Training Internal audit in practice: audit report writing skills
EY Training Internal audit in practice: audit report writing skills 3 5 September 2018 Contents About the course 04 Agenda 06 Registration form 07 About the course Introduction Internal auditing is an
More information1. A series of business and related auditing failures led to the passage of the Sarbanes-Oxley Act (2002).
Chapter 02 The Financial Statement Auditing Environment True / False Questions 1. A series of business and related auditing failures led to the passage of the Sarbanes-Oxley Act (2002). True False 2. The
More informationAuditor Independence. NASD Notice to Members SEC Review of Auditor Independence Rules. Executive Summary. Questions/Further Information
INFORMATIONAL Auditor Independence SEC Review of Auditor Independence Rules SUGGESTED ROUTING The Suggested Routing function is meant to aid the reader of this document. Each NASD member firm should consider
More informationHONORS FINANCIAL ACCOUNTING
FREEHOLD REGIONAL HIGH SCHOOL DISTRICT OFFICE OF CURRICULUM AND INSTRUCTION BUSINESS ADMINISTRATION MAGNET PROGRAM HONORS FINANCIAL ACCOUNTING Grade Level: 10 Credits: 5 BOARD OF EDUCATION ADOPTION DATE:
More informationInternal Audit. Lecture # 09 By: Kanchan Damithendra
Internal Audit Lecture # 09 By: Kanchan Damithendra What is Internal Audit? Scope and Objectives of Internal Auditing Monitoring of internal control. The establishment of adequate internal control is a
More informationRules on Quality Review of Accounting Firms
Rules on Quality Review of Accounting Firms (Released by CICPA on July 16, 2011) Chapter I General Provisions Article 1 Article 2 Article 3 Pursuant to the Law of the People s Republic of China on Certified
More informationReport on Inspection of KAP Purwantono, Sungkoro & Surja (Headquartered in Jakarta, Republic of Indonesia)
1666 K Street, N.W. Washington, DC 20006 Telephone: (202) 207-9100 Facsimile: (202) 862-8433 www.pcaobus.org Report on 2015 Inspection of KAP Purwantono, (Headquartered in Jakarta, Republic of Indonesia)
More informationManagement Employment Opportunity. Director of Fiscal Services
Management Employment Opportunity West Kern Community College District Human Resources 29 Cougar Court Taft, CA 93268 661-763-7805 www.taftcollege.edu Application Deadline: Open until filled, priority
More informationCorporate Governance Update. SOX 404 and Internal Controls
Corporate Governance Update SOX 404 and Internal Controls Speakers Barbara Borden bborden@cooley.com 858.550.6243 Brad Peck bpeck@cooley.com 858.550.6012 Steven Spector (858) 453-7200 x229 sspector@arenapharm.com
More informationCOLLEGE OF SOUTHERN NEVADA AUTOMOTIVE DEPARTMENT Internal Audit Report July 1, 2009 through June 30, 2010
COLLEGE OF SOUTHERN NEVADA AUTOMOTIVE DEPARTMENT Internal Audit Report July 1, 2009 through June 30, 2010 GENERAL OVERVIEW The Associate of Applied Science degree program in Automotive Technology at College
More informationMANUAL QUALITY CONTROL & QUALITY ASSURANCE
MANUAL QUALITY CONTROL & QUALITY ASSURANCE METROTEC ENGINEERING LLC P.O. BOX: 26045, DUBAI U.A.E TEL : 043889771 FAX:043889772 E Mail: metrotecengg@yahoo.com info@metrotec.ae Web: www.metrotec.ae 2 TABLE
More informationAssessment Report Template Accounting Program
A. Program/Discipline Mission Statement Assessment Report Template Accounting Program Part I-Assessment SUMMARY (05-06) The Accounting Program s mission is to provide a quality education in accounting
More informationCompletion and review
chapter 11 Completion and review Chapter learning objectives Upon completion of this chapter you will be able to: Subsequent events explain the purpose of a subsequent events review discuss the procedures
More informationAccounting Systems and Recordkeeping for A/E Firms ACEC/MD Small Business Enterprise Committee October 13, 2017
Accounting Systems and Recordkeeping for A/E Firms ACEC/MD Small Business Enterprise Committee October 13, 2017 and Ron Grodzinsky At a Glance works with engineering firms with fees ranging from $2 million
More informationLassen Community College Course Outline
Lassen Community College Course Outline AGR-1 Agricultural Accounting 3.0 Units I. Catalog Description The study of the principles of agricultural accounting systems and types of records, their use and
More informationUTPA FY2013 Financial Audit
THE UNIVERSITY OF TEXAS-PAN AMERICAN OFFICE OF AUDITS & CONSULTING SERVICES UTPA FY2013 Financial Audit Report No. 14-07 The University of Texas-Pan American Office of Audits & Consulting Services February
More informationINTERNATIONAL STANDARD ON AUDITING 315 UNDERSTANDING THE ENTITY AND ITS ENVIRONMENT AND ASSESSING THE RISKS OF MATERIAL MISSTATEMENT CONTENTS
INTERNATIONAL STANDARD ON AUDITING 315 UNDERSTANDING THE ENTITY AND ITS ENVIRONMENT AND ASSESSING THE RISKS OF MATERIAL MISSTATEMENT (Effective for audits of financial statements for periods beginning
More informationUnderstanding the Entity and Its Environment and Assessing the Risks of Material Misstatement
Issued December 2007 International Standard on Auditing Understanding the Entity and Its Environment and Assessing the Risks of Material Misstatement The Malaysian Institute of Certified Public Accountants
More information