STANDARD INTERNAL AUDIT PROGRAMME ----- I. SALES: 1 To study the system for approval and acceptance of orders and to give suggestions for improvement. 2 To check the order acceptance with price list, if any, and to report the financial impact of sales below the price list. 3 To compute the percentage mix of sales made to new parties developed during the period under review and also compute the opportunity loss due to non-development of prospective parties as customers
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Test Correlation Table Question Types/Level of Difficulty |LEARNING OBJECTIVES | |Easy |Moderate |Difficult | |1. Explain the foundations of control. |TF |1, 3 |2, 4, 5, 7 |6 | | |MC |1, 5, 7, 10, 13, 16, 23, |2, 6, 8, 9, 11, 12, 14, |3, 4, 20, 27, 30, 31, 36,| |
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Yellow highlight is on test word for word CHAPTER 1 58. Which of the following is not a management function? a. Constraining (NOT) b. Planning c. Controlling d. Directing Product costs consist of b. direct materials, direct labor, and manufacturing overhead. 88. Which one of the following represents a period cost? a. The VP of Sales' salary and benefits 89. Product costs are also called c. inventoriable costs. 98. Cost of goods manufactured is
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back pay and damages, as part of the settlement Wal-Mart will fill the first 50 order-filler jobs at the warehouse with female hires. After that, female hires will make up a fixed percentage of open positions.” (Barrouquere, 2010) Wal-Mart’s warehouse had for seven years given positions to male applicants, while overlooking female applicants even though they were equally qualified or even more qualified for the job position due to their sex. Wal-Mart managers were said to have told the female applicants
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......................................................................... 10 Key Considerations ..................................................................................................................................... 10 VI. Variable Costing
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box that prints the date and time. This may leave room for inaccuracies which may result in increased labor expenses and erroneous labor reports. The time card data, which is used for calculating payroll, should be reconciled to the job-time ticket data used for costing and managerial purposes, by an individual not involved in generating that data. III. Discuss three recommendations to improve the problem related to labor at Fargo Publishing. My first recommendation would be segregate the payroll
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Employers classify Jobs as either exempt or nonexempt by following the criteria outlined in the Fair Labor Standards Act (FLSA). Nonexempt employees are covered by these rules and regulations, while the exempt are exempted from these rules and ... Activity-Based Management essay Kemps LLC used ABC (Activity Based Costing) model to improve aspects of its organizational structure (Heisinger, 2009 & Anonymous, n. d.). Kemps used it as a resource exercise in assessing its employees through
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Provide the right product * In the right place * At the right time for the right price ------------------------------------------------- BASIC REVENUE CYCLE ACTIVITIES & GENERAL THREATS BASIC REVENUE CYCLE ACTIVITIES 1. Sales order entry 2. Shipping 3. Billing 4. Cash collections GENERAL REVENUE CYCLE THREATS 1. Inaccurate or invalid master data 2. Unauthorized disclosure of sensitive information 3. Loss or destruction of master data 4. Poor
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Source: http://www.allbusiness.com/accounting-reporting/methods-standards-cost-accounting/498244-1.html#ixzz1nMWBS5qI By Juras, Paul E. ABSTRACT Descriptions of activity-based-costing (ABC) systems have become a standard part of managerial accounting texts. While ABC implementation issues are the focus of a number of articles, these issues are often not addressed in a typical textbook. This case is designed to familiarize you with the behavioral and technical variables that can aid or impede
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3rd Lecture: Frank and Lillian Gilbert Studied fatigue caused by lighting, heating and the design of tools and machines. Time and motion studies • Breaking up each job action into its components • Finding better ways to perform the action • Re-organizing each job action to be more efficient Contribution of Henri Fayol: The administrative management was initiated by Henri Fayol, a French Engineer-cum-manager in Europe, mostly known as father of modern management
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