...Public Practice Audit Case Lectures and handouts by: Debbie Moy, BA. CGA 1 BC 2 – Assignment 1 • Submission requirements for BC2 • Assignment #1 • Task 1 — Review client communication 7 marks • Task 2 — Determine materiality and perform preliminary Analysis 9 • Task 3 — Assess inherent risk. 6 • Task 4 — Gain an understanding of the client's internal control environment and assess control risk. 4 24 marks 2 BC 2 – Assignment #2 • Task 5 — Design and perform tests of controls and dual-purpose tests. 10 marks 3 1 BC 2-Assignment #3 • Task 6 — Perform audit of cash and investments. 6 marks • Task 7 — Perform audit of accounts receivable. 10 » 16 marks 4 BC 2 – Assignment #4 • Task 8 — Perform audit of inventory. • 7 marks • Task 9 — Perform audit of accounts payable. 6 13 marks 5 BC 2 – Assignment #5 • Task 10 — Complete the audit. 35 marks Total: 100 marks 6 2 BC2- Introduction Public Practice Audit Case Contains: • Part 1 Client Background • Part 2 W/P Preparation. • Part 3 Student tasks. • Part 4 Working papers (ie. W/P) • Part 5 Permanent File • Part 6 Client documents • Part 7 Blank W/Ps’ 7 BC2 Topics in Audio Tapes: • Welcome to BC2- Public Practice Audit Case! • Introduction • Student tasks (#1 to #10) • FAQ from students • Disposition sheet and Deficiency List • Handouts • Lecturer’s ideas for success! 8 BC2 Introduction: • How long does BC2 take to do? • Computer requirements: ...
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...|Economies |(Pindyck) | | | | |Production Possibility Frontier And Curves | | | |15-06-‘11 | | | | | | |17-06-‘11 | | |Partial And General Equilibrium | | | | | | | Three Economic Problems | | | | | | |Demand & Supply Analysis...
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...Secondary – Second Year Time : 3 Hours Maximum Marks : 150 S.No 1. 2. 3. 4. 5. 6. OBJECTIVES Atomic Structure Periodic Classification p-Block elements d-Block elements f-Block elements Co-ordination and Bio-coordination compounds - KNOWLEDGE E/LA SA VSA 1(3) UNDERSTANDING O E / L A SA VSA 1(1) 1(5) 1(3) 1(3) 1(1) - APPLICATION SKILL O E/LA SA VSA O TOTAL 10 09 O E/LA SA VSA 1(5) 1(3) - 1(1) - - 1(5) - - 1(5) 1(5) 1(5) - 1(1) 12 18 07 11 1(5) 1(3) - 1(3) 1(1) 1(1) 1(1) 1(1) 1(5) 1(1) - 7. 8. 9. 10. 11. 12. 13. 14. 15. 16. 17. 18. 19. 20. 21. 22. 23. Nuclear Chemistry Solid state Thermodynamics-II Chemical equilibrium-II Chemical Kinetics-II Surface Chemistry Electrochemistry-I Electrochemistry-II Isomerism in Organic Chemistry Hydroxy Derivatives Ethers Carbonyl Compounds Carboxylic Acids Organic Nitrogen Compounds Bio molecules Chemistry in Action Problems in Chemistry TOTAL 1(5) 1(5) - - 1(3) 1(3) 1(3) 1(3) 1(3) 1(3) - 1(1) 1(1) 1(5) - 1(5) 1(5) 1(5) - 1(3) - 1(1) 1(1) 1(5) - 1(5) 1(5) 1(5) 1(5) 1(3) - 1(1) 1(1) 1(1) - 1(5) - 1(5) - 1(3) 1(3) 1(3) - - 09 1(1) 09 10 1(1) 10 12 11 14 10 08 12 1(3) 1(1) 1(3) 1(3) 1(3) 2(1) 1(1) 1(5) 1(1) 1(1) 1(5) 1(5) 1(5) - 1(1) 1(5) - 1(1) 07 14 14 11 07 08 1(1) 1(5) 1(1) 1(1) - 1(1) 1(5) - 20 5 24 6 25 20 24 10 15 25 6 10 20 10 9 4 233 No. of Questions Summary...
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...03) Course Name: Mathematical Analysis for Business and Economics 2012-2013 Regular Session, Term 1 Instructors & Lectures: First Math 121 lecture: Fri, 7 Sept 2012. Last lecture: Wed, 5 Dec 2012. Section 01: Prof. Murray R. Bremner, 206 McLean Hall. E-mail: bremner@math.usask.ca Lectures: Monday, Wednesday, Friday: 8.30am to 9.20am. Room: ARTS 143 Section 03: Prof. Artur Sowa, 225 McLean Hall. E-mail: sowa@math.usask.ca Lectures: Monday, Wednesday, Friday: 1.30pm to 2.20pm. Room: ARTS 143 Coordinator: Dr. Lawrence Chang, 236 McLean Hall. E-mail: chang@math.usask.ca Office hours: Please e-mail your instructor or the coordinator to make an appointment at a mutually convenient time. You should e-mail him a day or two in advance and not at the last minute. Lab Schedules: Every student is required to register in either one of the following 4 labs. 1. L01: Thursday, 2.30pm to 3.50pm. Room: ARTS 133 2. L03: Thursday, 4.00pm to 5.20pm. Room: ARTS 133 3. L05: Thursday, 2.30pm to 3.50pm. Room: THORV 271 4. L07: Thursday, 4.00pm to 5.20pm. Room: ARTS 134 First lab: Thursday 13 Sept 2012. Last lab: Thursday 29 November 2012. The lab periods will be devoted to midterm tests and to discussing homework problems. The lab is an essential part of this course. Previous terms have shown that students who skip labs tend not to do well and have a high chance of failing this course. Therefore, you are strongly advised to attend labs. Textbook: Mathematical Analysis for Business and Economics by...
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... 9 2 16 15 12 8 10 1 6 11 13 7 3 Sum of Ranks| 25 12 29 16 15 38 35 38 22 31 11 25 37 45 24 5 Data Analysis Regarding Municipal Court: Municipal Court |Judge|||Total CasesDisposed|||Appealed Cases|||Reversed Cases|||Probability ofAppeal|||Rank|||Probability ofReversal|||Rank|||ConditionalProbabilityofReversalGivenAppeal||| |||||||||||||||||||||||||||| |Mike Allen||6149||43||4||0.00699||20||0.00065|6|0.09302|| |Nadine Allen||7812||34||6||0.00435||9||0.00077||10||0.17647||| |Timothy Black||7954||41||6||0.00515||12||0.00075||9|0.14634|| |David Davis||7736|43|5|0.00556||15||0.00065||5||0.11628||| |Leslie Isaiah Gaines||5282||35||13||0.00663||19||0.00246||19||0.37143||| |Karla Grady||5253||6||0||0.00114||1||0.00000||1||0.00000||| |Deidra Hair||2532|5|0|0.00197|3||0.00000||1||0.00000||| |Dennis Helmick||7900||29||5||0.00367||6||0.00063||4||0.17241||| |Timothy Hogan||2308||13||2||0.00563||17||0.00087||12||0.15385||| |James Patrick Kenney||2798||6||1||0.00214||4||0.00036||3||0.16667||| |Joseph Luebbers||4698||25||8||0.00532||14||0.00170||17||0.32000||| |William Mallory||8277||38||9||0.00459||11||0.00109||13||0.23684||| |Melba Marsh||8219||34||7||0.00414||8||0.00085||11||0.20588||| |Beth Mattingly||2971||13||1||0.00438||10||0.00034||2||0.07692||| |Albert Mestemaker||4975||28||9||0.00563||16||0.00181||18||0.32143||| |Mark Painter||2239|7|3|0.00313|5||0.00134|15|0...
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...IBS Hyderabad Academic Year – 2014-15 Course Handout Course Name: Business Communication Semester: I Faculty Name: Dr.G.Geethanjali Room No: 107 Wing No: D Consultation Hours: between16 hrs-17 hrs every Monday & Tuesday Email: gganjali@iyahoo.com Course Objective The module bestows on students opportunities to learn and practice business writing skills and prepare them for interviews, group discussions & making effective presentations. The module is exercise –driven & hands-on and covers the following areas • Effective Presentation Skills • Types of business correspondence-Memos, letters • CV and Cover Letter • Business Proposals • Business Reports • Group Discussion & Interviews • Crisis Communication Learning Outcome The module will help students to 1. Prepare for making effective presentations 2. Demonstrate effective writing skills-Letters, memos, reports, business proposals, CV, cover letter 3. Conduct or participate in meetings and record the Minutes systematically 4. Communicate effectively during crises Recommended Text Book: Business Communication Today-Courtland L.Bovee, John V.Thill and Abha Chatterjee-Pearson Education Asia Suggested books: 1. BCOM: Lehman, Dufrene,Sinha-Cengage Learning 2. Business Communication-Meenakshi Raman & Prakash Singh-Oxford University Press 3. Effective Business Communication-Krizan,Merrier, Logan & Williams-Cengage Learning ...
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...examination room. 6. Students are advised to show all workings for questions involving calculations. Question 1. (a) Consider an investment that has cash flows of $500 at the end of the first year and $400 at the end of each of the next 4 years. If your opportunity cost is 10% per annum, how much is this investment worth to you? $1,607.11 (b) If you deposit $1,000 at the end of each year in a savings account earning 4% compounded annually, how much will you have in 10 years? Difficulty$12,006 (c) Delta Bolton needs to borrow $100,000 to finance a new business. She has been quoted an annual instalment loan carrying a 16% rate of interest, and a seven-year maturity. (i) How much will the annual instalments be? (ii) Of the 2nd instalment what will be the principal and interest components? (iii) How much will the outstanding debt be after the 2nd payment? (i) $24,761.27 (ii) $14,598.20 $10,163.04 (iii) $81,075.72 (d) “In order to compare two or more interest rates, they must be expressed on a common scale”. Explain the meaning of this quotation and give an example to support your explanation. (3 + 3 + [1 + 2 + 2] + 4 = 15 marks) Question 2. 2. The Bolster Company is considering two mutually exclusive projects: |Year |Cash Flow A...
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...Lexington Bennett Haile 11:00 T/TH Exegesis Paper Exegetical Analysis of Mark 10:17-31 17 As he was setting out on a journey, a man ran up and knelt before him, and asked him, ‘Good Teacher, what must I do to inherit eternal life?’ 18Jesus said to him, ‘Why do you call me good? No one is good but God alone. 19You know the commandments: “You shall not murder; You shall not commit adultery; You shall not steal; You shall not bear false witness; You shall not defraud; Honour your father and mother.” ’ 20He said to him, ‘Teacher, I have kept all these since my youth.’ 21Jesus, looking at him, loved him and said, ‘You lack one thing; go, sell what you own, and give the money to the poor, and you will have treasure in heaven; then come, follow me.’ 22When he heard this, he was shocked and went away grieving, for he had many possessions. 23 Then Jesus looked around and said to his disciples, ‘How hard it will be for those who have wealth to enter the kingdom of God!’ 24And the disciples were perplexed at these words. But Jesus said to them again, ‘Children, how hard it is to enter the kingdom of God! 25It is easier for a camel to go through the eye of a needle than for someone who is rich to enter the kingdom of God.’ 26They were greatly astounded and said to one another, ‘Then who can be saved?’ 27Jesus looked at them and said, ‘For mortals it is impossible, but not for God; for God all things are possible.’ 28 Peter began to say to him, ‘Look, we have left everything and...
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...BUSINESS DECISION MAKING Virginia Cecilia Roman H1001915 Table of contents Task 1 | | L.O. 1.1 | 3 | L.O. 1.2 | 3 | L.O. 1.3 | 5 | Task 2 | | L.O. 2.1 | 6 | L.O. 2.2 | 7 | L.O. 2.3 | 10 | L.O. 2.4 | 12 | Ask 3 | | L.O. 3.1 (see Annexes) | 13 | L.O. 3.2 | 13 | L.O. 3.3 | 14 | L.O. 3.4 | 15 | Task 4 | | L.O. 4.1 | 17 | L.O. 4.2 | 24 | L.O. 4.3 | 26 | Annexes | 28 | Bibliography | 32 | Task 1 (LO1: 1.1, 1.2, 1.3) 1.1 As the new business development manager, you have been tasked to expand the ABC Ltd business operations in the UK. To provide the right information, you need relevant information to be presented to your senior management team (SMT) to enable them make the right decisions as to whether to expand in these two countries. You are required to create a plan for the collection of primary and secondary data for the expansion project. Researchers need to consider the sources on which to base and confirm their research and findings. They have a choice between primary data and secondary sources and the use of both, which is termed triangulation, or dual methodology. The secondary data are data which have already been collected elsewhere, for some other purpose, but which can be used or adapted for the survey being conduct (Bpp, 2004, p.7). Secondary sources are data that already exists such as :previous research, official statistics, mass media products, diaries, letters, government reports, web information...
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...Management 3131-Fall 2009 Management Control Systems Instructor: E-Mail: Office: Phone: Class Time: Office Hours: Jim Hayes, CMA, MBA, BComm jhayes@nait.ca T-400 NAIT Campus(Business Center) 471-7419 6:00-8:50 PM Thursday 4:00-6:00 Thursday-UOL Edmonton Campus By Appointment Course Texts Cost Accounting: A Managerial Emphasis, Charles T. Horngren, George Foster, Sirkant M. Datar & Howard D. Teall, Fourth Canadian Edition, Prentice Hall. OR Cost Accounting: A Managerial Emphasis, Charles T. Horngren, George Foster, Sirkant M. Datar & Howard D. Teall, Fifth Canadian Edition, Prentice Hall. AND Management Control Systems, Robert N. Anthony & Vijay Govindarajan, Twelfth Edition, McGraw-Hill Irwin. Course Description Management 3131 is the second half of a two-semester course in intermediate management accounting. Management accounting is generally divided into two major components-cost accounting and management accounting and control. Management 3130 deals with cost accounting and this course, Management 3131 deals with management accounting and control. Management control is the process by which managers influence other members of the organization to implement the organization’s strategies. As such, it deals with people and behaviour and is often referred to as behavioural accounting. The course shall consist of two types of learning situations. We will use cases from the Anthony and Govindarajan text to develop critical thinking skills, analytical skills, as well as oral and written...
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...Cincinnati Enquirer Kristen DelGuzzi Ashley N. Ear; September 16, 2007 Data Analysis of Hamilton County Judges Probabilities used to assist with Ranking of Hamilton County Judges After the current statistics were gathered to produce data analysis regarding Hamilton County Judges, we can come to a conclusion and rank judges appropriately by their probability to be appealed, reversed and a combination of the both. With the provided data analysis, I have included statistics to all probabilities including: total cases disposed, appealed cases, reversed cases, probability of appeal, rank by probability of appeal, probability of reversal, rank by probability of reversal, conditional probability of reversal given appeal, rank by conditional probability of reversal given appeal and overall sum of ranks. The judges that rank the highest (i.e. 1st, 2nd, 3rd) have the lowest probability to have appealed cases, reversed cases and lowest conditional probability of reversed cases given appeal. In my opinion, by ranking the judges as such, we can see how often their ruling is upheld, which is ultimately desirable when concerning the credibility of a judge. I have provided rankings for all three different courts including: Common Pleas Court, Domestic Relations Court and Municipal Court. These overall rankings are gathered by summing up all of the rankings by the three probability variables. I have also provided data analysis which interprets who is the most credible judge overall out of the three...
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...W/Ps’ 2 BC2 Table of Contents: 1. Welcome to BC2- Public Practice Audit Case! 2. Introduction 3. Student tasks (#1 to #10) 4. FAQ from students 5. Disposition sheet and Deficiency List 6. Handouts 7. Lecturer’s ideas for success! 3 1 BC2 Introduction: • How long does BC2 take to do? • Computer requirements: - Windows 2000 or higher - CaseWare (CGA version) - Internet access 4 BC2 Student Tasks • Task 1: Review client acceptance and engagement letter, takeover letter, and reply. . Task 2: Perform preliminary analysis. • Task 3: Determine materiality and assess risk. • Task 4: Gain an understanding of the client’s internal control and assess control risk. • Task 5: Design and perform tests of controls and dual purpose tests. 5 BC2 Student Tasks • Task 6: Perform audit of cash. • Task 7: Perform audit of accounts receivable using dollar unit sampling. • Task 8: Perform audit of inventory. • Task 9: Perform audit of accounts payable using non-statistical sampling. • Task 10: Complete the audit. 6 2 BC2 P. 3 Student Tasks • • • • • Client acceptance Establish Independence Obtain understanding of client’s business Perform preliminary analysis Overall Audit Assess inherent Risk, Assess Control Risk, and Perform Tests of Controls • Perform Substantive Tests Complete Audit • Issue Auditor’s Report! 7 BC2 Marks: • Read BC2 instruction pages that come with the BC2 set. • All work must be in good form. • Professional standards apply...
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...attempting the question concerned (that is, all parts and/or subquestions). The question requirements for Section A are highlighted in a dotted box. ALL answers must be written in the answer book. Answers or notes written on the question paper will not be submitted for marking. You should show all workings as marks are available for the method you use. ALL QUESTIONS ARE COMPULSORY. Section A comprises three questions on pages 2 to 7. Section B comprises one question containing 12 objective test sub-questions on pages 8 to 12. Maths tables are provided on pages 13 to 15. These are detachable for ease of reference. The list of verbs as published in the syllabus is given for reference on page 19. Write your candidate number, the paper number and the examination subject title in the spaces provided on the front of the examination answer book. Also write your contact ID and name in the space provided in the right hand margin and seal to close. Tick the appropriate boxes on the front of the answer book to indicate which questions you have answered. TURN OVER © The Chartered Institute of Management Accountants 2010 G1 - CIMA Professional Gateway Assessment SECTION A – 75 MARKS ANSWER ALL THREE QUESTIONS Question One GM Ltd makes a variety of garden storage units and has one very...
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...ACCT1501 Practice Exam Questions & Solutions QUESTION 1 (10 marks) 2015S2 Accounts Receivable Rupert Ltd maintains subsidiary ledgers for debtors and creditors. At 31 May 2014, the debtors control account has a debit balance of $50,120 and the creditors control account has a credit balance of $30,670. An extract of totals from the special journals for the month of June 2014 is as follows: $ Credit sales 86,500 Cash sales 6,100 Credit purchases 93,200 Cash received from debtors 67,800 Cash paid to creditors 55,890 Cash purchases 4,300 Discount received from 7,500 creditors Discount allowed to debtors 3,500 Complete the debtors control accounts as they would appear in the general ledger. 2 MARKS PER ENTRY IN EACH CONTROL ACCOUNT (NO HALF MARKS) Opening balance (Balance b/d) Sales Closing balance (Balance c/d) Debtors control $ 50,120 86,500 65,320 1 Cash Discount expense $ 67,800 3,500 ACCT1501 Practice Exam Questions & Solutions 2015S2 This is also acceptable. Opening balance (Balance b/d) Sales Opening balance (Balance b/d) Debtors control $ 50,120 86,500 136,620 65,320 2 Cash Discount expense Closing balance (Balance c/d) $ 67,800 3,500 65,320 136,620 ACCT1501 Practice Exam Questions & Solutions 2015S2 QUESTION 2 (12 Marks) Financial Reporting Principles, Accounting Standards and Auditing, & Sustainability Reporting Provide short answers to the following: 1...
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...SECTION A: MULTIPLE CHOICE (Each correct answer is worth 2 marks) Write the LETTER of the best answer for each of the questions in the box provided in the answer column. Question 1 The statement “That for every debit entry, there shall be a corresponding credit entry” refers to A. Double - entry Concept B. Disclosure Concept. C. Objectivity Concept D. Entity Principle Question 2 Which of the following equations cannot be derived from the basic accounting equation? A. Assets = Liabilities + Capital B. Assets – Liabilities = Capital C. Capital = Liabilities – Assets D. Assets – Capital = Liabilities Question 3 An entity formed under law, having perpetual succession and limited liability, and appears as a legal person is a (an) A. company. B. sole trader. C. partnership. D. unregistered club. Question 4 The total of “Discount Allowed” column in the Cash Receipts Journal is posted to the A. debit of discount allowed account. B. debit of discount received account. C. credit of discount allowed account. D. credit of discount received account. Question 5 The purpose of the Sales Journal in a service enterprise is to record A. cash sales of goods and services of a company. B. credit...
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