Tài liệu Khối Ngành Kinh Tế

Note that we do not know in any given period which A/Rs will not be collected. Therefore, we must estimate uncollectibles. There are two methods: 1. Percentage of sales 2. Aging schedule of accounts receivable Both methods are used to estimate for an adjusting journal entry at the end of the period. This entry ensures that bad debt expenses a...

40 trang | Chia sẻ: huyhoang44 | Ngày: 26/03/2020 | Lượt xem: 494 | Lượt tải: 0

Which of the following ratios would be of primary importance to a supplier in deciding to extend credit for goods delivered. a. Earnings per share b. Debt to equity ratio c. Accounts receivable turnover d. Quick ratio

62 trang | Chia sẻ: huyhoang44 | Ngày: 26/03/2020 | Lượt xem: 567 | Lượt tải: 0

Example: purchase of equipment. Journal Entry at time of purchase: Equipment xx Cash xx Adjustment at end of the period (for the portion that has been used): Depreciation Expense xx Accumulated Depr. xx

61 trang | Chia sẻ: huyhoang44 | Ngày: 26/03/2020 | Lượt xem: 518 | Lượt tải: 0

a. When uncertainty exists, understating assets, overstating liabilities, accelerating recognition of losses, and delaying recognition of gains is preferred. b. The measurement of an event is verifiable and reliable. c. Different firms use identical accounting measurement methods for similar events. d. Objectives are laid out that are conservati...

46 trang | Chia sẻ: huyhoang44 | Ngày: 26/03/2020 | Lượt xem: 527 | Lượt tải: 0

Operating revenues Inflows of assets or decrease of liabilities Commonly sales and/or service revenues Key to successful business is to generate revenue from ongoing core operations Operating Expenses Outflows of assets or increase of liabilities required to generate operating revenues Cost of goods sold is the original cost of inventory ite...

46 trang | Chia sẻ: huyhoang44 | Ngày: 26/03/2020 | Lượt xem: 529 | Lượt tải: 0

The management letter is the statement of management to the investors. It indicates: Management is responsible for the preparation and content of the financial report. The statements were prepared in accordance with Generally accepted accounting principles (GAAP). The company maintains a system of internal controls to safeguard assets.

42 trang | Chia sẻ: huyhoang44 | Ngày: 26/03/2020 | Lượt xem: 509 | Lượt tải: 0

Why is third-party assurance of sustainability reporting demanded? What is relevant guidance for assurance on sustainability reporting? What is the role of practitioners as assurers of sustainability reporting?

33 trang | Chia sẻ: huyhoang44 | Ngày: 24/03/2020 | Lượt xem: 468 | Lượt tải: 0

Educational, training and experience. requirements for entry into the profession. Continuing professional development requirements. Corporate governance regulations. Professional standards. Professional or regulatory monitoring and disciplinary procedures. External review by a legally empowered third party of the reports, returns, communicatio...

42 trang | Chia sẻ: huyhoang44 | Ngày: 24/03/2020 | Lượt xem: 590 | Lượt tải: 0

The term ‘other matter’ is used because the matter communicated is a matter other than those that are presented or disclosed in the financial statements. The other matter must relate to the understanding of the audit, the auditor’s responsibilities or the auditor’s report. An other matter paragraph is headed ‘Other Matter’ and the paragraph is in...

28 trang | Chia sẻ: huyhoang44 | Ngày: 24/03/2020 | Lượt xem: 750 | Lượt tải: 0

The auditor is not responsible for making any inquiries or conducting any audit procedures after the date of the audit report. However, facts may come to the auditor’s attention after the date of the audit report that might have affected the audit report had the auditor known about them. Auditing standards (ISA 560) provide guidance to auditors in...

20 trang | Chia sẻ: huyhoang44 | Ngày: 24/03/2020 | Lượt xem: 492 | Lượt tải: 0