Tài liệu Khối Ngành Kinh Tế

Which of the following costs would be considered a period rather than a product cost in a manufacturing company? A. Manufacturing equipment depreciation. B. Property taxes on corporate headquarters. C. Direct materials costs. D. Electrical costs to light the production facility. E. Sales commissions.

85 trang | Chia sẻ: huyhoang44 | Ngày: 24/03/2020 | Lượt xem: 553 | Lượt tải: 0

In business, parent companies generally include subsidiaries as part of consolidated statements in order to see the whole picture Likewise, if a primary government is financially accountable for another entity the “component unit” must be included as part of the primary government’s report This requirement prevents governments from creating sepa...

39 trang | Chia sẻ: huyhoang44 | Ngày: 24/03/2020 | Lượt xem: 819 | Lượt tải: 0

Follow employer’s established policies. For an unresolved ethical conflict: Discuss the conflict with immediate supervisor or next highest uninvolved manager. If immediate supervisor is the CEO, consider the board of directors or the audit committee. Contact with levels above the immediate supervisor should only be initiated with the superviso...

42 trang | Chia sẻ: huyhoang44 | Ngày: 24/03/2020 | Lượt xem: 619 | Lượt tải: 0

Responsible for raising capital and safeguarding the organization’s assets. Supervises relationships with financial institutions. Work with investors and potentialinvestors. Manages investments. Establishes credit policies. Manages insurance coverage

15 trang | Chia sẻ: huyhoang44 | Ngày: 24/03/2020 | Lượt xem: 584 | Lượt tải: 0

Refers to an auditor’s questioning mindset towards representations made by management and evidential matter gathered Inquiry alone is never enough. The auditor must obtain sufficient corroborative evidence. Unusual financial trends need investigation Documents are always checked for authenticity or possible alteration Ask questions, get answers...

12 trang | Chia sẻ: huyhoang44 | Ngày: 24/03/2020 | Lượt xem: 571 | Lượt tải: 0

Statements, Interpretations, and Technical Bulletins are primary literature that specifies GAAP (generally accepted accounting principles) However, in absence of adequate guidance, preparers may look at other documents GAAP hierarchy (Illustration 1-2) guides the preparer in the priority of importance for accounting guidance

37 trang | Chia sẻ: huyhoang44 | Ngày: 24/03/2020 | Lượt xem: 465 | Lượt tải: 0

Notes are the means of amplifying or explaining the items presented in the main body of the statements. Accounting Policies Companies should present a statement identifying the accounting policies adopted (Summary of Significant Accounting Policies). In addition, companies must: Identify judgments made in the process of applying the accounting ...

74 trang | Chia sẻ: huyhoang44 | Ngày: 24/03/2020 | Lượt xem: 546 | Lượt tải: 0

A well-run business deposits all its cash receipts in a bank and makes all cash payments by check. Bank deposits should be made often to protect cash receipts. A deposit slip must accompany the coins, currency, and checks that are deposited.

24 trang | Chia sẻ: huyhoang44 | Ngày: 24/03/2020 | Lượt xem: 438 | Lượt tải: 0

Adjusting entries are recorded in the General Journal and then posted to the proper General Ledger accounts. The information for these entries comes from the Adjustments section of the worksheet. After the adjusting entries are completed, it is necessary to journalize and post closing entries. These entries make the General Ledger ready to receiv...

30 trang | Chia sẻ: huyhoang44 | Ngày: 24/03/2020 | Lượt xem: 700 | Lượt tải: 0

Describe the purpose of the statement of cash flows. Identify the major classifications of cash flows. Prepare a statement of cash flows. Differentiate between net income and net cash flow from operating activities. Determine net cash flows from investing and financing activities. Identify sources of information for a statement of cash flows. ...

90 trang | Chia sẻ: huyhoang44 | Ngày: 24/03/2020 | Lượt xem: 591 | Lượt tải: 0