...Being 6 month in this firm has give me many experiences and I got a lot of valuable knowledge in audit, acount taxation and also secreterial field. Working in audit field make me be more strong in physical and mental. Because in audit field it is completely different with theory that I have been learnt. In reality I need to think out of box. Sometimes, the due date to submit the working paper to my senior also depress me a lot. While in accounting field, not much stress as audit field. However its have their own challanges when i need to key in a lot of transaction in a day and if I make a mistake or an error it might effect the whole account and even effect the audit job. However, all of this experiance really make me more stronger. Besides that, cooperation between staff and me as practical students is good. I have gained valuable experiences and knowledge because I’ve been treat as real worker with no boundaries among us. The staff are very supportive, corporative and helpful. Practical training has gave me chance in developing my confidence in interpersonal skills, my communication skills through directly communicate with the client to ask any doubts of their business and taught me to be an independent person. During practical training, I’ve trained to become more confidence in facing the real environment of workplace. Lot of thanks to all staff at Wan Nadzir & Co and my supervisor Mr. Zulkifli Amim for giving me space to complete my practical training. Finally, thanks...
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...Sample Essay for termpaper Presented Problem After examining the incident, there are some key things that stick out as major risks, these include: • Accounts existed before EHR system was deployed. • Accounts were undocumented. • Non Authorized remote users had access to the EHR application. • Undocumented account was created/added to a new system. • Method or Vulnerability to gain privilege escalation outside of change control policy. This led me to propose three policies, each address some of these key issues from separate fronts. The three policies include a Remote Access Policy, Application Deployment, and a Routine Maintenance policy. The Remote Access policy aims to correct the issue that non-authorized users were able to access the EHR system. HIPAA has included provision in the Security Rule that allows for remote access, but with certain limitations. I have included provision that restricts remote access based on Job Role and Job Necessity(ISO 27002:2005, 7.1.1), and restricted to assets that are owned by the hospital which have enhanced security (ISO 27002:2005, 7.1.1) (NIST, 164.312(a)(1))(ISO 27002:2005, 11.4.2). The Application Deployment policy aims to close security loop holes that appear to have been open for months before the EHR system was even deployed. There were no check on accounts when importing, and no alerts when permissions were escalated. Some of the key standards that I see as aiding in creating this policy is better change management...
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...Modification and Justification of SLA Finman Acount Management, LLC, Datanal, Inc., and Minertek, Inc. Recommendations Background and Rationale The physical protection of Finman’s data will need to be protected by proper configuration and setup of data network infrastructure. Both thirds parties will need to ensure ACL systems are set and configured to ensure access and data flow is running properly. There is to be granted access to only privilege user’s assigned and agreed upon. Authentication and authorization is to be set in place to ensure protection with Finman’s data resources along with network resources. Authentication and authorization can be applied by enforcing Group Polices. Each third party will need to have proper verification set in place otherwise known as Third Party Verification (TPV). TPV will provide both parties to meet industry standards such as Federal Communication Commission and Federal Trade Commission. Backup solutions for data storage will need to be set in place to ensure integrity of Finman’s data and meets industry standards. Statement of Intent Auditing, encryption and threat management will need to be set in place to ensure no misuse of Finman’s resources are allowed. IT Security Management guidelines will need to be followed to ensure customers are educated and no misuse or abuse to Finman’s IT services or resources are allowed. Finman’s Intellectual property such as patents, copyrights, and trademarks are to be protected by identifying...
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...Multi UOM (Unit Of Measurement) - Multi Supplier Supplier - Purchase Order - Goods Receive - Print Address Label - Supplier Transaction History Staff - Security Access Level Controls - Commission Calculation - Staff Attendance Message - Send SMS (Via Internet) - Send Email Report - Sales Profit Listing - Sales Analysis Listing - Customer Sales Listing - Top Sales By Item,Sales & Profit - Stock Listing - Inventory Audit Trial - etc Others - Integrated with Mykad Reader (To Read Customer Information) - Integrated with Mifare Reader (Member Card Reader-Touch) - Integrated with Data Collector - Change Skin (Screen Colour) - GST Ready - View Daily Sales Through Handphone Account - Integrated with SQL Acount (www.sql.com.my) - Integrated with Mykad Reader (To Read Customer Information) -...
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...At his daughters quience, Juan Gaeces gave a wonderful, mind blowing speech about his daughter, Elicia Garces. He explained to the crowd how perfect she is and how much he loved her. Elicia will always remember this speech because it touched her in a special place. Now a days, Juan and his daughter do everything together, including sharing a bank acount. Juan is very proud of his daughter and what she has become today. Elicia takes pride in a lot of things. In this essay, you will read about Elicia's family, sports she enjoys, hobbies she has, and her future plans. Elicia has one brother named Chris, he is twenty-one. She has two sisters named Shawnta who is twenty-three, and Sam who is twenty-one. Sam is distant from the family due to her living away from home. Elicia's parents are currantly in the middle of a devorce. She lives with her father, he is her hero. Unfortunately, Elicia has no pets. She has 5 nieces, one of them passed away. Every Sunday, Elicia watches football with her father. She plays softball and soccer and actually hurt herself a few days ago playing soccer. Her favorite football team is The Dallas Cowboys, she shares sthis interest with her father. Her favorite basketball team is The Lakers. Her favorite baseball team is The Detroit Tigers. Some hobbies Elicia has are hanging out with friends, this is her favorite of all hobbies. She also enjoys Mexican dancing. Elicia is interested in sports and school, she has a deep interest in school, she is a very...
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...Project Final Proposal Document Project Proposal This is the project proposal from Team EMC to Best Buy Bonsai for Website Project. Requirements from Best Buy Bonsai: The project proposal is based upon the requirements provided by Best Buy Bonsai as follows: Create an online website that provides online ordering and payment option, Online inventory list with photos and price Contact information and store locations listed Proposal from Team EMC Team EMC proposes to provide a website to Best Buy Bonsai by providing the following: Creating a public facing website for the company that allows online view of inventory and purchasing of products and payment option through PayPal. Provide Contact information and location of physical Stores Option for company to pay for online advertising of website Design Methodology: Team EMC will provide an Agile approach to the project with weekly iterations for Best Buy Bonsai to review each phase of the build out of the product for approval. Website Overview and Layout The URL to the website will be: http://www.bestbuybonsai.com/Index.html The website will show the following links: Home Page Link : http://www.bestbuybonsai.com/index.html The home page has links to Inventory, About Us, Payment Center and Contact us link The home page will show the name of the company Best Buy Bonsai, main phone number for the business and a Welcome message.est Buy Bonsai © 20 | 2007. Let us help you Inventory Link : http://www...
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...PR1-1A On September 1 of the current year, Maria Edsll established a business to manage rental property. She completed the following transactions during September: a. Opened a business bank account with a deposit of $40,000 from personal funds. b. Purchased supplies (pens, file folders, and copy paper) on account, $2,200. c. Received cash from fees earned for managing rental property, $6,000. d. Paid rent on office and equipment for the month, $2,700. e. Paid creditors on account, $1,000. f. Billed customers for fees earned for managing rental property, $5,000. g. Paid automobile expenses (including rental charges) for month, $600, and miscellaneous expenses, $300. h. Paid office salaries, $1,900. i. Determined that the cost of supplies on hand was $1,300; therefore, the cost of supplies used was $900. j. Withdrew cash for personal use, $1,800. .:. 1. Assets = Liabilities + Owner’s Equity Maria Maria Accts. Accts. Edsall, Edsall, Fees Rent Salaries Supplies Auto Misc. Cash + Rec. + Supplies = Payable + Capital – Drawing + Earned – Exp. – Exp. – Exp. – Exp. – Exp. a. + 40,000 + 40,000 b. + 2,200 + 2,200 Bal. 40,000 2,200 2,200 40,000 c. + 6,000 + 6,000 Bal. 46,000 2,200 2,200 40,000 6,000 d. – 2,700 – 2,700 Bal. 43,300 2,200 2,200 40,000 6,000 – 2,700 e. – 1,000 – 1,000 Bal. 42,300 2,200 1,200 40,000 6,000 – 2,700 f. ...
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...In audit department senior that guided me is Mdm Ilham n Miss Anis. They will ask me to do audit working paper and also review my job. During my internship i was exposed to audit workfield and audit at office. When I do audit at office i need to do it from beggining till the end. The first step in doing audit is to do working paper. In order to do working paper i need to transfer figure last year as opening balance for this year. Then i need to enter figure as per ledger as an unaudited amount for this year. After that i need to do test check, the purpose of test check to ensure that figure is correctly recorded. The test check is where I need to check whether amount recorded in ledger is correct as per supporting documen, it is also used to check wheteher the transaction is recorded according to its category or not . I also need to make adjustment if there is any error make by client. Other than that, I also call client to clear any confusing in client’s transaction, record and statement. Beside that, also need to prepare bank, debtor, creditor and cash confirmation. After I done my working paper, my senior will reviewed it if there are any error I need to do correction. After all done, I need to prepared signed account and sent draft for discussion to client and then I will prepare report which is final report. Different with audit workfiled, in audit workfield I just need to do test check, revenue cycle, expenditure cycle and collection cycle. Revenue, expenses and collection...
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...story, he is a freespirit that does not belong to the surroundings that he grew up in. After 18 years of feelings like the outcast of the town, one day Paul takes off and eventually ends up taking his life. In the following essay I will be analyzing 4 major conficts found in the story that caused Paul’s life to come to an end. Firstly, Paul was not concern with his progress in school or any academic endevour that was expected from his father. He couldn’t care less about his performance in school, because what he truly cared about was the arts. Paul was addicted to the arts. In the beginning of the story, Paul makes an appereance in the faculty room as his father has just called the priciple office to announce that Paul is coming in “to acount for his misdemeanors” (Cather 534). Though he apologized...
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...ASSUMPTIONS: 1. Industry beta is 0.80 2. Tax rate is 40% 3. Risk free rate is 5 % 4. risk premium is 10% 5. sales 5 million footballs for the first year 40% next 3 years 15% for two years and then 10 % forever. 6. sales price 80 and grow at 10% 7. cost is 45 and grow at 8 % per annum 8. Expense related with selling and admin excluding depreciation are 15% of sales each year. 9. Interest expense will be 8.5% of total debt at the beginning of each year. 10. Each year the target cash balance will be 2 % of sales. 11. All sales will be made on credit and A/c receivable will be 10% each year. 12. The company will not have raw material and work in progress inventory. They have finished good inventory. 13. Raw material and WIP is assumed to be zero each year finished good inventory will equal 10% of next year sales unit. The FIFO method will be used for recording and reporting finished goods inventory. 14. The closing balance of A/c payable each year will equal to 5% of cost of good sold. 15. Land will not be depreciated or valued. 16. Building will be depreciated at 5 % annually and capital expenditure on building will equal the total amount of depreciation. 17. Investment in Plant and Machinery will equal to 15 % of sales in year 2-4 and onward investment in plant & Machinery will be 8 % of sales forever. 18. Depreciation of Plant and Machinery will takes place at 20% of its beginning value each year. ...
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...Utilitarianism. Jeremy Bentham 1748-1832 It a teleological ethic, and a consequentialist approach as whether an action is right or wrong it doesn’t matter the consequences are most important. Background. Created by Jeremy Bentham, he was born in London at a time of great change. He was born in the eighteenth century. It was a time of great depression, alcoholism and violence plague the streets you can see this in gin lane. Jeremy Benthem saw humans were guided by two main motivations pain and pleasure. 'nature has placed mankind under the governess of two sovereign masters, pain and pleasure it is from them alone to point out what we ought to do, as well as determine what we shall do' this ethic is hedonistic, as it strives to obtain maximum pleasure. Pleasure is as the sole good and pain the sole evil. Principle of utility for utilitarianism is the greatest good for the greatest number. This is hard to calculate as happiness is relative and different to all. So Jeremy Bentham created a quantitative method via the hedonic calculus. It has seven factors: intensity- how deep or superficial the happiness is duration- how temporary or permanent the happiness is certainty- how sure the happiness is propinquity- how near or remote the happiness is fecundity-how likely the happiness is to recur or lead to further happiness purity- how free from pain the happiness is extent- how far the happiness,giving effects of action will spread. This can be obviously...
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...Case – Drill Exercises* ACCT5910 Business Analysis and Valuation The University of New South Wales School of Accounting Lecturer Dr Peter Vassallo Question 1 Below is Target Corporation’s Income Statement for 2008. 1. Compute Target’s Net Operating Income Before Tax (NOBT). Provide a formal argument for including/excluding “Net Credit Revenues” in Target’s NOBT. Ans: COBT = 5,272 (see spreadsheet) Net credit revenues should be included. While the term”credit” suggests that it is a a financial activity, the firm has control on the conditions it sets its customers. More importantly, the firm will vary those conditions in order to yield best overall ROE. You can see here how the aggregation of assets and activities within the firm is conducive to overall firm value as being greater than the sum of its parts. Hence goodwill. Thus some firms include credit to customers within the value chain portion that the firm that they purposefully occupy – financing customer. We can thus see how all this translates into an opportunity to pursue positive residual earnings. Comment: (1) While you are not told what to do, your instinct should be to get your answer from a reformulation rather than computing a ratio from a formula. Doing so will earn you higher marks because you are being more explicit and efficient in the presentation of your answer. Your answers should show how you are integrating your knowledge. By linking the classificication to ROE, then to Residual earnings, then to...
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...| The Walt Disney Company Financial Document | Analysis &Forecast | | | 2011-11-1 | Executive Summary From the analysis and calculations in the report, we forecast that in the future, Walt Disney will face more fierce competition from their rivals, like Universal, Fox; There is a lack of new impressive cartoon imagines besides these classic ones; Acquisition of Pixar in 2009 still needs the reality to check. In conclusion, our suggestion for investors is to short their stock | The Walt Disney Company Financial Document The Walt Disney Company (NYSE: DIS) (commonly referred to as Disney) is the largest media conglomerate in the world in terms of revenue. Founded on October 16, 1923, by Walt and Roy Disney as the Disney Brothers Cartoon Studio, Walt Disney Productions established itself as a leader in the American animation industry before diversifying into live-action film production, television, and travel. The company is best known for the products of its film studio, the Walt Disney Motion Pictures Group, and it is one of the largest and best-known studios in Hollywood today. Disney also owns and operates the ABC broadcast television network; cable television networks such as Disney Channel, ESPN, and ABC Family; publishing, merchandising, and theatre divisions; and owns and licenses 14 theme parks around the world. The company has been a component of the Dow Jones Industrial...
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...Financial Accounting Focuses on reporting to external users including investors, creditors, banks suppliers, & governmental agencies. Financial Statements must be GAAP based. Management Accounting Processes of measuring, analyzing, and reporting financial & non-financial information that help managers make decisions to fulfill the goals of an organization. Managers use management accounting information to: 1. Develop, communicate, and implement strategies 2. Coordinate product design, production, and marketing decisions and evaluate a company’s performance Cost Accounting Measures, analyzes, & reports financial & nonfinancial information related to the cost of acquiring or using resources in an organization What are costs but never an expense? Good Will & Land Inventory Is a cost until it is sold then it is an expense Value Chain (definition) The sequence of business functions by which a product is made progressively more useful to customers Six primary business functions of the Value Chain 1. Research & Development 2. Design of products & processes 3. Production 4. Marketing (including sales) 5. Distribution 6. Customer Service Research & Development Generating and experimenting with ideas related to new products, services, or processes Design of products & processes Detailed planning, engineering, and testing of products and processes Production ...
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...FORMTEXT Your Name: Austin Michael Dix ACCT 203 Financial & Managerial Accounting Midterm Exam Instructions: Type your complete name on every page at the top. This is an open book exam which means you may use your book and all your course materials. You are on your honor to complete this exam on your own. You must not discuss this exam with anyone. All work submitted is your own. Complete all 10 problems. You must show all your work, including all calculations. Point values and the chapter number are indicated with each problem. Type your answers immediately under each question. Your exam must include both the given questions and your complete answers. The exam is worth 20% of your course grade. Your completed exam is due to the Assignment Drop Box by Sunday, July 12, at 10:00 p.m. 1. Problem #1 The equation to answer this questions is assets= liabilities+ owner's equity. Before the sale of the parcel of land is made, $60,000(what the seller still owed the bank on the land)+ $110,000(the amount of money the seller has invested into purchasing the land)= $170,000 (which is what the land was originally purchased for). (10 points) 2.Problem #2 (5 points) 3.1. D (going concern principle) 4.2. A (Business entity principle) 5.3. B (Objectivity principle) 6.4. C (Cost Principle) 7.5. E (Monetary unit principle) 3. 3. Problem #3(5 points) 4. 1. C (financing activity) 5. 2. A (operating activity) 6. ...
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