...also known as GAAS, is a rather broad topic with many guidelines to follow. An independent auditor plans, conducts, and reports the results of an audit in accordance with generally accepted auditing standards. A short definition of GAAS is the set of systematic guidelines used by auditors when conducting audits on companies' finances, ensuring the accuracy, consistency and verifiability of auditors' actions and reports (Investopedia). There are a total of 10 standards that are broke up into three main sections. These three sections include the general standards, standards of fieldwork and standards of reporting. Each section is littered with requirements that the auditor and the subject company must meet (Investopedia). In short, an auditor must adequately plan the audit in advance, be independent of the client at all times, and always obtain reliable evidence (Investopedia). The companies must present their financial statements in accordance with GAAP, remain consistent in their reporting, and explicitly disclose all pertinent information (Investopedia). Auditing procedures differ from auditing standards. Auditing procedures are acts that the auditor performs during the course of an audit to comply with auditing standards. The first section I will talk about for the Generally Accepted Auditing Standards are the general standards. This section has three guidelines that auditors must follow during their audit. The first guideline is the auditor must have adequate technical training...
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...financial budgets. This research paper talks about a management director would establish policies and system for a business and/or organization. This research paper will help to explain the different style of budgets, budget cycles and the guidelines rules for set up a financial budget for a business and/or organization. Unit 3 Individual Project Introduction This is a report from the management director to establish policies and systems for the new business, I Can Business Incorporated (ICBI). This report will be delivered to the board of directors of ICBI. This report will describe what a financial reporting system is and explain how management for ICBI should use an activity based budget instead of an operating budget. This report also gives examples of budget guidelines for ICBI. Describe the meaning and the components of a financial reporting system Financial reporting is the process of compiling statements that shows a glimpse of an organization’s financial “health” or status to management, investors and the government. There are four basic reports that are included in a financial report. There is a balance sheet, an income statement or sometimes called the profit & loss statement, a cash flow statement and a statement of shareholder’s equity. The balance sheet gives a detailed picture of the financial condition of a business at a specific period of time. The balance sheet tells how the business financed what it owns and what is owned by the business. The...
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...us/question_des/NRS-433VWeek3ResearchCritiquePart1/2854 contact us at: help@mindblows.us NRS-433V Week 3 Research Critique, Part 1 Introduction to Nursing Research – Theory, Design, and Sampling Prepare a critical analysis of a qualitative study focusing on the problem statement, study purpose, research question, literature review, and theoretical framework. This can be one of the selected articles from your previous literature review or a new peer-reviewed article. The completed analysis should be 1,000-1,250 words and should connect to your identified practice problem of interest. Refer to "Research Critique Part 1." Questions under each heading should be addressed as a narrative, in the structure of a formal paper. Prepare this assignment according to the APA guidelines found in the APA Style Guide, located in the Student Success Center. An abstract is not required. NRS-433V Week 3 Research Critique, Part 1 To purchase this tutorial visit here: http://mindsblow.us/question_des/NRS-433VWeek3ResearchCritiquePart1/2854 contact us at: help@mindblows.us NRS-433V Week 3 Research Critique, Part 1 Introduction to Nursing Research – Theory, Design, and Sampling Prepare a critical analysis of a qualitative study focusing on the problem statement, study purpose, research question, literature review, and theoretical framework. This can be one of the selected articles from your previous literature review or a new peer-reviewed article. The completed analysis should be 1,000-1,250 words and should...
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...the individual, service to the customers, and strive for excellence. Wal-Mart actively follows the mission and ethical program designed by Sam Walton, the founder of Wal-Mart, values of saving customer’s money so they can live better. The foundation of Wal-Mart lies on every customer, associate, director and supplier. The organization’s focus is to build relationships and to emphasize the value of respect within the company as well as the community and suppliers. Code of ethics is a set guidelines used by any organization to establish an acceptable behavior for the members of the organization to follow. As in the case of Wal-Mart, the mission and basic beliefs of the organization makes them unique among their competitors. According to the message of the current President and CEO of Wal-Mart- Mike Duke, “associates in all areas and levels of our business are responsible for understanding and complying with our Statement of Ethics.” (Wal-Mart, Statement of Ethics). Wal-Mart’s Statement of Ethics defines the role of the key individuals in the organization in...
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...BUSINESS PLAN GUIDELINES Note: The information and supporting documen tation required under these Guidelines are MANDATORY. Business Plans received with incomplete information/supporting documentation will not be able to be processed and will be placed on hold until all information/supporting documentation is received. This may result in delays to the application process. Confidentiality Statement - The information contained in the Business Plan will not be disclosed to any parties other than the DMCC personnel authorized to receive and approve the application. DMCC will treat this information as confidential and undertakes to prevent it from falling into the public domain. Guidelines for submission of business plans: • The prospect is required to submit (i) a comprehensive business plan in accordance with these Guidelines and (ii) the completed application form for registration. • These Guidelines do not follow a Question and Answer (Q&A) format. • All sections in these Guidelines are mandatory. • Financial plan can be presented in any form as long as it encompasses all the relevant data. The Title Page should include: • Proposed DMCC Company Name • Current Date • Business Plan Copy Number [x] • Contact Details: o Main Telephone Number o Main Fax Number o Postal Address o E-Mail Address • Company web page (if available) • Attachments (i.e. Financial Plan) BUSINESS PLAN - REQUIRED TABLE OF CONTENTS Executive Summary 3 The Business 3 Strategic...
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...AND OPERATIONAL GUIDELINES A User Guide for Public Sector Auditors in the Pacific Developed by PASAI in 2012 Pacific Association of Supreme Audit Institutions (PASAI): Strategic Management and Operational Guidelines Pacific Association of Supreme Audit Institutions (PASAI) 2 Pacific Association of Supreme Audit Institutions (PASAI): Strategic Management and Operational Guidelines Foreword The purpose of these guidelines is to provide assistance for Pacific Association of Supreme Audit Institutions (PASAI) members, especially heads of SAIs and managers to carry out their functions strategically, tactically and operationally. They do this by introducing the basics of planning, examining the types of objectives and differentiating the types of plans consisting of the corporate plan, strategic plan, business plan and operational plan for the management of their offices. PASAI recognises the importance of having these strategic management plans as it is top level management’s responsibility to define the SAI’s positions, formulate strategies and guide long term organisational activities. This is one of PASAI’s initiatives aimed at developing SAIs within the region. The guidelines have been produced to assist PASAI members in the effective, efficient and economic planning and management of their resources annually and in the long term. It provides guidance to SAIs in establishing and enhancing their strategic management functions. The guidelines look at: the fundamentals/characteristics...
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...secondary (or adult) level course will have that address each topic and student learning outcome. Please insert your response under each numbered item below. 1. This assignment will be the beginning of your Competency Statements for your CDA Professional Resource File. You will complete the first paragraph of your statement within the following guidelines and rubric requirements: CSI Competency Statement I (To establish and maintain a safe, healthy learning environment): Begin your Reflective Statement about this Competency Standard with a paragraph describing how your teaching practices meet this Standard. Once you have completed this paragraph, you will put it in your CDA Professional Resource File with paragraphs a, b, and c following. (these will be assigned separately) (SLO 1) 2. Choose and complete a lesson plan for an activity that can be implemented with children and families to promote knowledge of nutrition. May include, but not limited to the following: * Eating Healthy Foods * Identifying nutritious foods * Meal Planning * Healthy Meal practices (Use the given Activity Template) (SLO 2) 3. RC I-2: A copy of one weekly menu. In order to complete your related Reflective Competency Statement on the topic, the menu would ideally be one that you have participated in serving to and/or designing for children. If this is not possible, or if you work in a program that does not serve meals, you may...
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...http://www.homeworkregency.com Email Us : homeworkregency@gmail.com ENG 215 Assignment 2 Research Proposal – Thesis, Major Points, and Plan Select a topic on which your persuasive writing paper will be focused. Write a one to two (1-2) page research proposal in which you: • Identify the genre you selected and explain two (2) reasons for using it. • Include a defensible, relevant thesis statement in the first paragraph. • Describe three (3) major characteristics of your audience (official position, decision-making power, current view on topic, other important characteristic). • Describe the paper’s scope and outline the major sections. • Identify and explain the questions to be answered. • Explain your research plan, including the methods of researching and organizing research. • Develop a coherently structured paper with an introduction, body, and conclusion. • Document at least three (3) primary sources and three (3) secondary sources. Use credible, academic sources available through Strayer University’s Resource Center. Your assignment must follow these formatting guidelines: ENG 215 Assignment 2 Research Proposal – Thesis, Major Points, and Plan To Buy this Class Copy & paste below link in your Brower http://www.homeworkregency.com/downloads/eng-215-assignment-2-research-proposal-thesis-major-points-plan/ Or Visit Our Website Visit : http://www.homeworkregency.com Email Us : homeworkregency@gmail.com ENG 215 Assignment 2 Research Proposal – Thesis...
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...generating a complete set of goals to use for evaluation, generating a broad set of alternatives, identifying and assessing risks, and carefully evaluating alternatives against the goals, and yet not effectively solve the problem or realize potential opportunities. If the right problem or opportunity has not been identified, the best solutions cannot be identified. And if the problem has not been stated in a way that enables one to identify a solution, it may not get solved at all. Guideline for Developing a Problem or Opportunity Statement Developing a problem statement that will enable a leader to create value requires patience, energy, and focus. And it will take time. There are five simple guidelines that can help you define the right problem the right way. These guidelines are described below, and the use of these guidelines is illustrated in a simple scenario that follows. 1. Scan the Environment Thoroughly with the Intent to Move Forward and Create Value: Before you write the problem statement for any business or personal scenario or situation, scan the internal and external environments to get a complete understanding of the situation. Once a leader understands the environments, his or her role is to identify the challenges and opportunities that should be assessed and addressed. It is this process of scanning in order to identify the opportunities and challenges to be addressed that enables a business or an organization or a...
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...which appears in your audit report on the management’s financial statements. He observes that the meaning of the phrase must include more than what he thinks of as “principles.” Required: a. Explain the meaning of the term accounting principles as used in the audit report. (Do not in this part discuss the significance of “generally accepted.”) "Generally accepted accounting principles" is a guideline of accounting practices and processes which define how accounting professionals are to report the daily activity of the business performance relating to the revenue and expenses, in/outflows of cash and any other material activity relating to the value of the business. b. The president wants to know how you determine whether or not an accounting principle is generally accepted. Discuss the sources of evidence for determining whether an accounting principle has substantial authoritative support. Accounting guidelines are just that, guidelines. The entity is obligated to choose a guideline that is appropriate handling for the transactions. The accounting principle must be consistent and pronounced in FASB, AICPA and their respective Technical Bulletins and Accounting Guidelines and Statements of Position. If the accounting treatment for a transaction or event is not clearly stated then the entity, not the auditor, shall follow the accounting principle from another category with similar transactions or events. ("Statement of financial," 2008) The ultimate responsibility for the decision...
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...comes accountability to everyone inner and outer of the organization. This subject will explain the elements of financial management, general financial ethical standards, and will oversee some corporate scandals involving ethics, fraud, and abuse. The way an organization correlates, organizes, and prepares the reports for its financial information is part of its financial practices that it adheres too in order to accomplish the goals for its ethical standards. Today’s health care plans play a very important role in financial management. A company would be unable to operate without proper financial planning. The importance of storing and tracking all accounting records while being up to date will be the main factor as to whether the guidelines are being followed. This also allows the outer management to determine how the company is doing as a whole and also be aware as to where most of the funding is going. With new procedures coming out with new equipment the overhead cost need to be turning a profit in order for it to be an economical situation. Four Elements To understand the four elements of financial management you must first understand this management covers an overview of finances for the organization. The goals for financial management are to achieve objectives that can be broken down into four...
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...he believed it would “eliminate the impact of subscription accounting.” He boasted that the non-GAAP sales of 2008’s fourth quarter was $4.6 billion, totaling 39% of total revenue. Also, the research showed that investors preferred the non-GAAP data because it was easier to understand Apple’s earning and was easier to compare their data to other competitors. Overall, the non-GAAP data seem to better reflect Apple’s business, and better predicted future performance, which is another reason why Jobs began to add the non-GAAP supplements in their financial results. 3. Under the new ASC 606, how should Apple recognize the revenue of iPhone sales? ASC 606 reflects on the new rules and guideline of recognizing revenue which will be effective by 2017. This new update includes a more in-depth guideline on specific topics, especially when...
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...ACC 610 Milestone One Guidelines and Rubric This is the first of three milestone assignments that will lead to completion of your course project. In this assignment, you will complete Critical Element III: GAAP vs. IFRS. Recall that, due to the sequencing of content for the modules, the critical elements are being prepared out of order. For the complete sequence, see the Final Project Guidelines and Rubric document. This milestone addresses the following course outcome: Differentiate between the Generally Accepted Accounting Principles and the International Financial Reporting Standards for their impact on financial statements. If you have not already done so, select the company that you will use to build your portfolio. For detailed instructions, see the ACC 610 Final Project Document located in your Blackboard course. Specifically, the following critical elements must be addressed: III. GAAP vs. IFRS A. Explain the steps that would be needed for your selected portfolio company to transition from GAAP to IFRS. For example, what would this transition entail? What would your chosen company need to do? B. Explain how a financial statement would differ under IFRS as opposed to GAAP. i. How is a financial statement under IFRS different from GAAP? How is it the same? ii. What would the statements for your chosen company look like? Guidelines for Submission: Prepare your paper using Microsoft Word. It should be 2 to 3 pages in length, not including the...
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...Unit 5 Michael Bolton IT590 Legal and Ethical Issues in IT January 17, 2014 Dr. Ellen Raineri Kaplan University Part 1 ACM Code of Ethics A council from the Association of Computing Machinery (ACM) revised their Code of Ethics in 1992. This Code contains 24 commitments for members to follow personally (Anderson, Johnson, Gotterbarn, & Perrolle, 1993). The ACM Code of Ethics is broken down into four sections with the imperatives listed below them. Section 1 pertains to general moral guidelines, section 2 pertains to guidelines that are more specific, section 3 is organizational leadership imperatives, and section 4 is compliance (Anderson, Johnson, Gotterbarn, & Perrolle, 1993). The moral guidelines section contains contributing to the well-being of humans and society, avoiding harm to people, honesty, fairness, honor property rights and copyrights, and giving credit for intellectual property. The moral guidelines section contains contributing to the well-being of humans and society, avoiding harm to people, honesty, fairness, honor property rights and copyrights, giving credit for intellectual property, respecting others privacy, and honoring confidentiality (Anderson, Johnson, Gotterbarn, & Perrolle, 1993). Section 2 demands that ACM members strive for high quality work, remain competent in their work, know and abide by laws, seek review from professionals, give thorough analysis of systems, honor commitments, aid the public with understanding...
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...Management Financial Management of Health Care Organizations Michele R. Belton HCS/405 1/16/2012 Joseph M. Shin Financial management requires four elements in financial accounting reporting. These elements are thought of as a set. These elements include a balance sheet, a statement of revenue and expense sheet, a statement of fund balance or net worth and the statement of cash flows. A balance sheet keeps record of what a company owns, what the company owes and what the company is worth. The balance sheet keeps balances of the company assets, its liabilities and its net worth. (para.1) A statement of revenue and expenses covers a period of time not a single point in time. If there is revenue or inflow, less expenses, or outflow the result is in an excess of revenue over expenses if the year has been profitable. If the year has been bad which is a excess of expenses over revenue the result is a loss in profits. A statement of fund balances or net worth occurs once the excess of revenue over expenses flows back into equity or balance. (para. 2) This creates the statement of fund balance/net worth. All of these concepts go together when working with a balance sheet. The statement of cash flow works by using accrual basis accounting. In accrual accounting, revenue is recorded when it is earned not when the payment is made and any expenses are recorded when the transaction is made not when they are paid. (Baker & Baker,2011,p.107-111) Financial accounting...
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