acfi2003_group_report

14/Which of the following are the tools of management accounting? i. Standard costing ii. Cash flow statement iii. Budgeting iv. Responsibility accounting a. i ,ii, iii & iv b. i, ii & iii c. i, ii & iv d. ii ,iii &iv

The following data was gathered during one of the recent audits of Cash Disbursement Section. One of the findings was on the outdated Delegation of Authority to policy. In preparing a report of the findings, identify the elements of an audit findings for each data (in order). 1. The delegation authority is updated biannually and not when changes in personnel or responsibilities of authorized individuals occur. 2. The delegation of authority policy list three individuals who are no longer with the company. Additionally, four individuals were identified who are new in their positions that should have disbursement authority, but are not listed in the policy. 3. Disbursements may be made that are not in accordance with management's or BOD's direction. 4. Authority over the disbursement of funds should only be delegated to individuals whose responsibility justify such authority. O Cause, Effect, Condition, Criteria O Condition, Effect, Cause, Criteria O Cause, Condition, Effect,…

Q. The company's financial problems are the ____________result of years of          poor management.   stable   inevitable   inflexible   irresistible

Subject: Prince Georges County Maryland. Need the following answered - Brief introduction to the ACFR - Highlight the total revenue for the fiscal year - Highlight the total expenditures - Mention the net position at year-end - Include a note on any major capital projects or debt issuance - Present the specific item of interest you found in the ACFR report - Discuss its significance or impact on the county's finances - Include relevant figures or percentages to quantify the importance - Provide a graphical representation if possible (e.g., a bar chart or pie chart to illustrate budget allocation or revenue sources)

87 In connection with a varlable-rate application, a lender must provide which of the following documents? A) An initial escrow statement B) A variable-rate periodic statement disclosure C) A list of Federal Housing Administration (FHA) home equity conversion mortgage counselors D) A booklet entitled "Consumer Handbook on Adjustable-Rate Mortgages"

470 1 Which of the following is not a step in portfolio management? a. develop a policy statement b. study current financial and economic conditions c. construct the portfolio d. monitor investor's needs and market conditions e. sell all assets and reinvestment proceeds at least once a year.

44) Balance sheet includes ___________________ of the firm. a. Capital b. Liabilities c. Assets d. All the options

marks) li. Explain how a "Problem" is one of the roots of opportunity. 12. What is 'working capital? 13. Define Consumer-to-Business transaction (C2B). Give one Example.

SLO 9.1. Blanket purchase orders: a.Reduce costs by decreasing the number of purchase orders issuedb.Cover multiple purchase requirements on one orderc.Are difficult to prepared.Reduce costs by decreasing the number of purchase orders issued and cover multiple purchase requirements on one ordere.Reduce costs by decreasing the number of purchase orders issued, cover multiple purchase requirements on one order, and are difficult to prepare

Mustafa Computer Supplies LLC is selling computer accessories for wholesale and retail business. Which of the following is False Statement? а. Mustafa Computer Supplies LLC is a merchandise business b. Mustafa Computer Supplies LLC is doing a retail business С. 000 Mustafa Computer Supplies LLC is a doing a manufacturing business d. Mustafa Computer Supplies LLC is doing a wholesale business 10:10 am

Question 1 a)Describe the procedure for appointment of auditors. b) Discuss 5 principal rights of auditors.

Under federal law, a tax exempt Health Savings Account can only be opened for an individual who is Ο Α. covered by a qualified High Deductible Health Plan covered by Long Term Care Insurance entitled to Medicare benefits eligible to be claimed as a dependent on another person's tax return B. OC. O D.

Strongly Disagree Disagree Agree Strongly Agree Question         7. Information technology allows for tracking the delivery of a product.         9. As long as a company offers a product or service at a low price, it will sell more than competitors do.         10. I think suppliers must be able to respond quickly to inventory needs.         11. I think decreasing the time to complete a process and reducing costs result in decreased customer satisfaction.         12. Computerized order processing provides for better information management.                     SH

20. Juan collects the mail for XYZ Company. He doesn't read anything. He only signs his name to all the required documents and sends them to the company. What type of beneficial ownership concealment does this describe? A. Use of proxies B. Dilution of sanctioned ownership C. Restructuring of corporate assets D. Complex corporate ownership arrangement 21. Who is responsible for reviewing sanctions screening alerts within an organization? A. An intemal auditor B. A sancuons compliance officer C. A relationship manager D. A board member 22. In case of a confirmed sanctions breach, how soon must all the related activity stop to avold future breaches? A. Within the next 2 hours B. The activity may continue until the breach is officially confirmed by a regulator C. Wichin the next 24 hours D. Immediately

1. How do companies primarily fund themselves, through issuing debt or equity? Select one: a. Debt. b. Equity c. Neither 2. What is a shelf registration? a. A shelf registration means that an offering of securities is delayed. b. A shelf registration means that the issuer will receive extra scrutiny by the SEC. c. A shelf registration means that companies are allowed to skip a lot of filing requirements when issuing a security.

Cash flow statements examine the net changes in assets, liabilities, and equities of a firm and are a good indicator of ….   Question 1 options:   A)  industry performance   B)  management performance   C)  how funds are being used   D)  what revenue streams are coming into the firm   E)  B, C, and D are correct

i). Store manager MIze company’s car for personal purpose because he is the only person that monitor the movement and usage of the car. ii). Ali corporation booked revenues earlier than it should have because it was at risk of missing analyst estimates. Explain what the 2 types of fraud committed in the situation.

6/ Mr Hamed is working as a financial manager in a company he has to submit a repost on sales performance of company to the top management. He depended on internal sources to collect data and prepare repost. Which of the following sources helpful to collect data and a prepare report? a. Data from marketing department b. Data from government c. Data directly collected from the origin of item d. Data from news papers

At a recent board meeting of Co., a non-executive director suggested that the company’s remuneration committee should consider scrapping the company’s share option scheme, since the executives could be rewarded by the scheme even when they do not perform well. A second non-executive director had a view that, even when the executives act in ways which decrease the agency problem, they might not be rewarded by the share option scheme if the stock markets were in decline.  REQUIRED:  Explain the nature of the agency problem and discuss the use of share option schemes and performance-related pay as methods of reducing the agency problem in a stock-market listed company.

The XYZ Bank sets up a temporary location after the bank bolding aroyed by a teftate the expenses OA direct loss OB. indirect loss OD. proximate cause

3. In preparing for an integrated report, and the cost outweigh the benefit, can still integrated reporting be opt? Explain.