Indirect tax assurance Samenvattingen, Aantekeningen en Examens

Breakeven Point? - ANSWER-total cost = total revenue Working capital ratio - ANSWER-current assets / current liabilities Acid-test (quick) ratio - ANSWER-(cash + AR + short-term investments) / current liabilities debt to assets ratio - ANSWER-total liabilities/total assets FTE (full time equivalent) - ANSWER-total number of hours per employee in a week / 40 (i.e. 12+14+40+30 div. by 40) Profit margin - ANSWER-NOI/Tot. Revenue. Defined as "income to sales. 2 types, gross prof marg...

Which of the following is the most correct definition of accounting? - ANSWER A system for providing quantitative information, primarily financial in nature, about economic entities that is intended to be useful in making economic decisions What is NOT typically true of accounting information? - ANSWER The information relates to future time periods. Which is NOT a key component of the definition of accounting? - ANSWER Qualitative What is true about the double-entry system of bookkeepin...

duty-based ethics - ANSWER Individual is expected to do the right thing cause it's the right thing to do, regardless of outcome utalitarian ethics - ANSWER Sells the optimal result for the greatest number of people Advisory note - ANSWER Punishment for a technical breach Administrative penalty/ fine - ANSWER One or two potentially serious infraction would cause this punishment Ratification- acting without authority or in excess of authority Implication- advice outside of objective ...

Chapter 04 1. An audit failure occurs when an audit firm issues an inaccurate audit opinion and fails to comply with auditing standards. a. True b. False ANSWER: POINTS: QUESTION TYPE: HAS VARIABLES: LEARNING OBJECTIVES: NATIONAL STANDARDS: STATE STANDARDS: TOPICS: DATE CREATED: DATE MODIFIED: True 1 True / False False AUDI.JOHN.18.04.01 United States - BUSPROG: Comprehension United States - BUSPROG: Ethics United States - AK - AICPA BB - Critical thinking The Legal Environment...

ACAMS Chapter 3: Anti-Money Laundering/Counter Terrorist Financing Compliance Programs Pros of Risk Based Approach - CORRECT ANSWER -Flexible: as ML/TF risk vary across jurisdictions, customers, products and delivery channels, and over time -Effective: As companies are better equipped than legislators to effectively assess and mitigate the particular ML/TF risks they face. -Proportionate: A risk based approach promotes a common sense and intelligent approach to fighting ML/TF as opposed t...

October/November 2020 MNE2601 Introduction to Entrepreneurship and Small Business Management 70 Marks Duration: 3 Hours This paper consists of twelve (12) pages. Instructions: (1) Submit your answers as a single document in PDF format. It is preferable for you to type your answers (Font: Arial 12) and then convert your document to PDF format for submission. However, if this is not possible, you may also write your answers down and scan them to a PDF file. Please write legibly...

Solutions Manual for Financial Accounting 8th Canadian Edition Libby Chapter 01 - Financial Statements and Business Decisions Chapter 1 Financial Statements and Business Decisions ANSWERS TO QUESTIONS 1. Accounting is a system that collects and processes (analyzes, measures, and records) financial information about an organization and reports that information to decision makers. 2. Financial accounting involves preparation of the four basic financial statements and related disclosu...

CFA LEVEL 1 Examinable Questions with answers,2021/2022. Graded A+ Document Content and Description Below CFA LEVEL 1 Examinable Questions with answers,2021/2022. Graded A+ Financial Statement Analysis Framework - provides an overview of the methodology used by analysts to consistently analyze fi nancial statements 1. articulate the purpose and context of analysis 2. collecting data 3. process the data 4. analyzing and interpreting the processed data 5. develop/communicate conclusions and reco...

Solutions Manual for Financial Accounting 8th Canadian Edition Libby Chapter 01 - Financial Statements and Business Decisions Chapter 1 Financial Statements and Business Decisions ANSWERS TO QUESTIONS 1. Accounting is a system that collects and processes (analyzes, measures, and records) financial information about an organization and reports that information to decision makers. 2. Financial accounting involves preparation of the four basic financial statements and related disclo...

Solutions Manual for Financial Accounting 8th Canadian Edition Libby Chapter 01 - Financial Statements and Business Decisions Chapter 1 Financial Statements and Business Decisions ANSWERS TO QUESTIONS 1. Accounting is a system that collects and processes (analyzes, measures, and records) financial information about an organization and reports that information to decision makers. 2. Financial accounting involves preparation of the four basic financial statements and related disclosu...