Tài liệu Kế Toán - Kiểm Toán

The purpose of this accounting requirement is to prevent governments from managing their budgets by shifting resources (through overpayments) to an internal service fund when they have a surplus and or undercharging for services in other years Otherwise, the payments are to be treated as Transfers

23 trang | Chia sẻ: huyhoang44 | Ngày: 24/03/2020 | Lượt xem: 430 | Lượt tải: 0

Here are some examples of variable costs that are likely present in many types of businesses. Merchandising companies  cost of goods sold. Manufacturing companies  direct materials, direct labor, and variable overhead. Merchandising and manufacturing companies  commissions, shipping costs, and clerical costs such as invoicing. Service compa...

66 trang | Chia sẻ: huyhoang44 | Ngày: 24/03/2020 | Lượt xem: 509 | Lượt tải: 0

ABC systems follow a two-stage procedure to assign overhead costs to products. Stage OneIdentify significant activities and assign overhead costs to each activity in proportion to resources used Stage TwoIdentify cost drivers appropriate to each activity and allocate overhead to the products.

15 trang | Chia sẻ: huyhoang44 | Ngày: 24/03/2020 | Lượt xem: 484 | Lượt tải: 0

Appointment, compensation, and oversight of the public accounting firm conducting the entity’s audit. Resolution of disagreements between management and the audit team. Oversight of the entity’s internal audit function. Approval of nonaudit services provided by the public accounting firm performing the audit engagement.

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Issuance of bonds Grants from other government units Dedicated taxes Transfers from other funds Other Donations Interest earned on funds held

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Control Risk (CR) is the likelihood that a material misstatement would not be caught by the client’s internal controls. Factors affecting control risk include: The environment in which the company operates (its “control environment”). The existence (or lack thereof) and effectiveness of control activities. Monitoring activities (audit committee...

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

Costs are accumulated for a period of time for products in work-in-process inventory. Products in work-in-process inventory at the beginning and end of the period are only partially complete. Equivalent units is a concept expressing these partially completed products as a smaller number of fully completed products.

15 trang | Chia sẻ: huyhoang44 | Ngày: 24/03/2020 | Lượt xem: 562 | Lượt tải: 0

We need to calculate equivalent units because a department usually has some partially completed units in its beginning and ending inventory. These partially completed units complicate the determination of a department’s output for a given period and the unit cost that should be assigned to that output.

116 trang | Chia sẻ: huyhoang44 | Ngày: 24/03/2020 | Lượt xem: 626 | Lượt tải: 0

Transactions between funds are of particular interest to financial statement preparers and users since failure to properly report these transactions results in two funds being misstated. Additionally, since most of these transactions are eliminated in the government-wide statements, it is particularly important that they be identified in the acco...

28 trang | Chia sẻ: huyhoang44 | Ngày: 24/03/2020 | Lượt xem: 517 | Lượt tải: 0

We calculate the predetermined overhead rate before the period begins. As we work on a particular job, we apply overhead by multiplying the predetermined rate times the actual level of activity. If overhead is applied on the basis of machine hours, we would apply overhead by multiplying the predetermined rate by the actual number of machine hours u...

87 trang | Chia sẻ: huyhoang44 | Ngày: 24/03/2020 | Lượt xem: 586 | Lượt tải: 0