DrinkOh Limited uses an application service provider to process its payroll. Its employees enter their hours using
Question:
Fantastic news! We've Found the answer you've been seeking!
Step by Step Answer:
Answer rating: 60% (10 reviews)
Control that should be present Risk of error or fraud that is mitigated or prevented ...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
Auditing The Art and Science of Assurance Engagements
ISBN: 978-0133098235
12th Canadian edition
Authors: Alvin A. Arens, Randal J. Elder, Mark S. Beasley, Ingrid B. Splettstoesser
Question Posted:
Students also viewed these Auditing questions
-
Janbec Limited is a distributor of health care products. It has about $450 000 in accounts receivable and about $600 000 in inventory. It has been a tough winter, with many people sick with the flu...
-
What is an application service provider (ASP)? How does it work?
-
Revise Figure to make it a list of criteria for assessing an application service provider (ASP). The Package Functional capabilities of the packaged system Technical requirements the software must...
-
Communication: What are the characteristics of effective communication relevant to your team project submission? Relate to theory. Provide a minimum of 4. ( 8 ) Assess your communication...
-
Label the following hydrides as ionic, covalent, or interstitial, and support your answer. The light blue atoms are hydrogen atoms. (b) (c) (a)
-
Precision Machinery has set standard times for its field representatives to perform certain jobs. The standard time allowed for routine maintenance is 2 hours (i.e., "standard output" = 0.5 jobs per...
-
How would the value chain approach to internal analysis be used? (R-56)
-
Starware Software was founded last year to develop software for gaming applications. The founder initially invested $800,000 and received 8 million shares of stock. Starware now needs to raise a...
-
On January 2, 2019, Birch Corporation issued 35,000 of its own $10 par common stock for all of the outstanding stock of Tree Corporation in an acquisition. Tree is dissolved. Additionally, Birch pays...
-
1 . Consider an all-equity financed firm. The firm has a beta of 1.1, the risk-free rate is 2%, and the market risk premium is 4%. What is the firm's WACC? (Assume the CAPM holds.) 2 . Consider a...
-
The company you are auditing has a local area network with office automation software, accounting software, and point of sale equipment. Provide examples of five different categories of access...
-
Items 1 through 9 are selected questions typically found in questionnaires used by auditors to obtain an understanding of internal control in the human resources and payroll cycle. In using the...
-
For a given feed stream having C,, should we use a PFR or a MFR and should we use a high or low or some intermediate conversion level for the exit stream if we wish to maximize (p(SIA)? The reaction...
-
do you agree wih this approach to dismantling the toxic culture? explain
-
Movies When randomly selecting a speaking character in a movie, the probability of getting a female is 0.331 (based on data from "Inequality in 1200 Popular Films," by Smith, et al., Annenberg...
-
Steve Reese is a well-known interior designer in Fort Worth, Texas. He wants to start his own business and convinces Rob O'Donnell, a local merchant, to contribute the capital to form a partnership....
-
Exercise 6-10A (Algo) Double-declining-balance and units-of-production depreciation: gain or loss on disposal LO 6-3, 6-4, 6-5 Exact Photo Service purchased a new color printer at the beginning of...
-
Independent Events Again assume that when randomly selecting a speaking character in a movie, the probability of getting a female is 0.331, as in Exercise 1. If we want to find the probability of 20...
-
Define scalable. Why is this term important to system developers?
-
The maximum pressure that can be developed for a certain fluid power cylinder is 15.0 MPa. Compute the required diameter for the piston if the cylinder must exert a force of 30 kN.
-
Compute Bond Price Compute the price of a 5.6 percent coupon bond with ten years left to maturity and a market interest rate of 7.0 percent. (Assume interest payments are semiannual.) Is this a...
-
Mark Hopper is planning the audit of the investments account for audit client Garden Supply Co. (GSC). GSC invests excess cash at the end of the summer sales season through an investment manager who...
-
Explain what is meant by independent checks on performance and give five specific examples. Discuss.
-
The following are internal controls that the auditor has identified for various cycles. 1. Sales invoices are matched with shipping documents and customer orders before recording in the sales...
-
On April 1, year 1, Mary borrowed $200,000 to refinance the original mortgage on her principal residence. Mary paid 3 points to reduce her interest rate from 6 percent to 5 percent. The loan is for a...
-
Give a numerical example of: A) Current liabilities. B) Long-term liabilities?
-
Question Wonder Works Pte Ltd ( ' WW ' ) produces ceramic hair curlers to sell to department stores. The production equipment costs WW $ 7 0 , 0 0 0 four years ago. Currently, the net book value...
Study smarter with the SolutionInn App