Distinguish between internal accounting control and internal administrative control.
Question:
Fantastic news! We've Found the answer you've been seeking!
Step by Step Answer:
Answer rating: 50% (14 reviews)
The Administrative controls emphasize management planni...View the full answer
Answered By
Asim farooq
I have done MS finance and expertise in the field of Accounting, finance, cost accounting, security analysis and portfolio management and management, MS office is at my fingertips, I want my client to take advantage of my practical knowledge. I have been mentoring my client on a freelancer website from last two years, Currently I am working in Telecom company as a financial analyst and before that working as an accountant with Pepsi for one year. I also join a nonprofit organization as a finance assistant to my job duties are making payment to client after tax calculation, I have started my professional career from teaching I was teaching to a master's level student for two years in the evening.
My Expert Service
Financial accounting, Financial management, Cost accounting, Human resource management, Business communication and report writing. Financial accounting : • Journal entries • Financial statements including balance sheet, Profit & Loss account, Cash flow statement • Adjustment entries • Ratio analysis • Accounting concepts • Single entry accounting • Double entry accounting • Bills of exchange • Bank reconciliation statements Cost accounting : • Budgeting • Job order costing • Process costing • Cost of goods sold Financial management : • Capital budgeting • Net Present Value (NPV) • Internal Rate of Return (IRR) • Payback period • Discounted cash flows • Financial analysis • Capital assets pricing model • Simple interest, Compound interest & annuities
4.40+
65+ Reviews
86+ Question Solved
Related Book For
Introduction to Financial Accounting
ISBN: 978-0133251036
11th edition
Authors: Charles Horngren, Gary Sundem, John Elliott, Donna Philbrick
Question Posted:
Students also viewed these Accounting questions
-
Distinguish between the internal control evaluation required for MFAPs and for non-MFAPs. What level of internal control evaluation is required if a government has no MFAPs?
-
Distinguish between obtaining an understanding of internal control and assessing control risk. Also, explain the methodology the auditor uses for each.
-
Distinguish between the objectives of an internal control questionnaire and the objectives of a flowchart for documenting information about a clients internal control. State the advantages and...
-
Attlee Ltd holds 28% of the issued shares of Nehru Ltd. Attlee Ltd acquired these shares on 1 July 2019 and on this date all the identifiable assets and liabilities of Nehru Ltd were recorded at...
-
Use supply and demand curves to demonstrate the shortage of freeway space during rush hour.
-
Describe how to plan an effective training program.
-
Exercise 7-2: Answer the following questions about the cash flow statement. Use the following abbreviations to identify the financial statements: P& L (Profit and Loss); BS (Balance Sheet); CFS (Cash...
-
In October, McEnroe Company reports 21,000 actual direct labor hours, and it incurs $115,000 of manufacturing overhead costs. Standard hours allowed for the work done is 20,000 hours. The...
-
Amathxl.com ACTG 201 - Principles of Financial Accounting - Fall 2021 Jonathan Schoof A 10/26/219:40 PM Homework: Cha... Question 2, PF10-31A (s... HW Score: 39.07%, 7.81 of 20 points Part 1 of 5 O...
-
Aluminum fins (k = 170 W/m-K) with triangular profiles shown in Figure P13-42 are used to remove heat from a surface with a temperature of 200 oC. The temperature of the surrounding air is 10 oC. The...
-
"The cash balance on a company's books should always equal the cash balance shown by its bank." Do you agree? Explain.
-
We generally treat revenue as earned when the company delivers merchandise to the customer. At that moment, what additional uncertainty remains about the proper amount of revenue that will ultimately...
-
Solve the systems in Problems \(40-57\) by the Gauss-Jordan method. \(\left\{\begin{array}{l}x+y=2 \\ x-z=1 \\ -y+z=1\end{array}ight.\)
-
Find the linear approximation at the given point: f(x) = cos(4x-) at x =
-
The labor costs of complying with national regulations in order to remain a certified provider of testing products and services to oil producers. GeoTest creates, calibrates and installs devices used...
-
Mrs. Cora Yank (age 42) is divorced and has full custody of her 10-year-old son, William. Mrs. Yank works as a medical technician in a Chicago hospital. Her salary was $38,400, from which her...
-
Midterm Project This assignment relates to the following Course Learning Requirements: CLR 1: Explain the basic components of a computer system in an office. CLR 3: Use an e-mail account and...
-
Sarah Young is planning to attend a billing conference in the next two months. Her place of employment will reimburse her for the conference price. Sarah should use which cash management for the...
-
PC Design, Inc., is authorized to issue 200,000 shares of \($5.00\) stated value common stock and 50,000 shares of 12%, \($100.00\) par value preferred stock. PC Design has 25,000 shares of common...
-
The pendulum consists of two rods: AB is pin supported at A and swings only in the y-z plane, whereas a bearing at B allows the attached rod BD to spin about rod AB. At a given instant, the rods have...
-
Identify some of the ways in which courts address parental responsibility for the cost of their childrens higher education.
-
The trial balance of Harmonica Ltd at 31 December 20X1 is given below. Additional information 1. Closing inventory amounted to 5m. 2. A review of the trade receivables total of 6.9m showed that it...
-
The following balances existed in the accounting records of Koppa Ltd. at 31 December 20X2: _____________________________________________________________'000 Development costs capitalized, 1 January...
-
Topaz Ltd makes up its financial statements regularly to 31 December each year. The company has operated for some years with four divisions; A, B, C and D, but on 30 June 20X1 Division B was sold for...
-
net present value of zero
-
Suppose at Time 0 a dealer buys $100 par of a 4%-coupon 30-year bond for a price of par and posts the bond as collateral in a repo with zero haircut. The repo rate is 5%. Then, 183 days later, the...
-
Carnes Cosmetics Co.'s stock price is $58, and it recently paid a $2.50 dividend. This dividend is expected to grow by 21% for the next 3 years, then grow forever at a constant rate, g; and r s =...
Study smarter with the SolutionInn App