Acct Stuff Essay

CASE 5 – Evidence 1. For each of the following specific audit procedures, indicate the type of audit procedure it represents: (1) inspection of records or documents, (2) inspection of tangible assets, (3) observation, (4) inquiry, (5) confirmation, (6) recalculation, (7) reperformance, (8) analytical procedures, and (9) scanning. a. Sending a written request to the client’s customers requesting that they report the amount owed to the client. a. Confirmation i. Existence; trying to determine if A/R is overstated. b. Examining large sales invoices for a period of two days before and after year-end to determine if sales are recorded in the proper period. b. Inspection of document/records ii. Cutoff; make sure sales are recorded in proper period. c. Agreeing the total of the accounts receivable subsidiary ledger to the accounts receivable general ledger account. c. Reperformance-does total agree? iii. completeness d. Discussing the adequacy of the allowance for doubtful accounts with the credit manager. d. Inquiry iv. Valuation and allocation e. Comparing the current-year gross profit percentage with the gross profit percentage for the last four years. e. Analytical procedures v. Valuation and allocation f. Examining a new plastic extrusion machine to ensure that this major acquisition was received. f. Inspection of tangible assets vi. existence g. Watching the client’s warehouse personnel count the raw materials inventory. g. Observation vii. Existence/completeness h. Performing test counts of the warehouse personnel’s count of the raw material. h. Reperformance viii. Valuation and allocation i. Obtaining a letter from the client’s attorney indicating that there were no lawsuits in progress against the client. i. Confirmation ix. Existence/valuation and allocation j. Tracing the prices used by the client’s billing program for pricing sales invoices to the client’s approved price list. j. Inspection of documents x. accuracy k. Reviewing the general ledger for unusual adjusting entries. k. Scanning xi. Valuation and allocation. 2. For each of the audit procedures listed in 1 above, identify the primary assertion being tested.

City and Country Living

City living and country living have a wide range of differences and similarities but every day new people enter each and call it there home. When living in the city you are an on-the go kind of person and enjoy the world at a fast pace. In comparison to a country living style when time stands still. It’s as though you watch as the seasons come and pass every year. Both have many positives and some negatives but it’s a very hard choice when you are talking about living in a jam packed city compared to a spacious in the country-side.While living in the city, you have numerous things to do the opportunities are endless. On any given night you can walk around and enjoy the wonders of the city the sights, sounds, and delightfulness takes your breath away at all times. In addition the city has other things that also are beneficial like numerous cultures that live there and how they are portrayed through the different clubs and restaurants throughout the city. Also a great thi ng about the city is its different array of foods you can eat an expensive dinner or you can stop on the corner and get a hot dog.The city also has many different bar like atmospheres where you can get a casual dinner, or you can have an alcoholic beverage and enjoy yourself. Being a city-dweller you are always around excitement and a great place to make-a-living seeming that there are so many opportunities for work. Although the city seems to have a lot of great things, the country can offer just as much excitement as the city does just in a different type of excitement. The country is a marvelous place to live it offers a very relaxing feel, and is filled with magnificent views.Even though you’re not living there you can still access the city via transportation. Also the country can maybe help you become a more self-sufficient person, growing your own produce and becoming more of an outdoors person often enjoying the voices of nature through the night with crickets chirping or the rooster crow in the morning nature and its occupants are surrounding you in the country. Another thing about the country is it offers a very safe community with very little chance of crime and the air quality is a lot less polluted then living in the city.Living in the country is awesome and has a wide variety of positives when setting up a family environment. In contrast to all of the great things the city provides, the city can have a downside. The noise level of a city can stress you out; rarely having downtime when there is constant commotion. Another negative about the city is thatitss such an expensive lifestyle without much money it would be hard to live in the city because it’s a much more extravagant lifestyle then the country.It’s a very hectic lifestyle and can sometimes prove to be too much for people; it’s also a very noisy place with the screeching of brakes or babies crying there is always something going on in the city. People in the city usually aren’t worried about you either there more worried about keeping up and on time for their self and they would much rather move along then stop and associate with you. The city does have a downside like everywhere else but can provide a very safe and stable home. Even though the country can be an awesome place to live and start a family there is, like the city a downside.Being in the country you don’t have such interesting things to do in your free time as the city. If you don’t have a car it may be hard to commute to work because there aren’t any buses that go that far away from the city. Another bad side of the country is the lack of entertainment because there aren’t many places to go, hangout and have a bite to eat at in the community you would have to travel to have that luxury. Even though there are negatives, the positives outweigh them and the country still provides a great place to live.Having to choose between these two places to live would be very tough. Although I think both places are great they both have some disadvantages that would represent problems. The country is for relaxing and enjoying the outdoors more suitable for the slow-paced people; while the city is more cluttered and people live for the nightlife and a much more fast-paced lifestyle. Your character and how you want to live are the only ways you will be able to make the choice on where you want to live; the city or the country.

BUS Assignment 4 Essay Example | Topics and Well Written Essays - 500 words

BUS Assignment 4 - Essay Example I think that managers should alert workers about employee monitoring. The employees need to understand why they are being monitored. They should be aware of the company’s policies and Business Code of Conduct so that they know that the monitoring is within the guidelines of the law. If I were the owner of the company, I will still have the same opinions regarding monitoring of employees. Some form of restraint should still be observed. â€Å"As with most ethical issues, the governing concern should be mutual respect and mutual accountability† (Mujtaba, n.d.). Class discussion 1: Topic B I believe that the degree of variation in the range of earnings across various jobs in our economy is justified because a salary of a person is a product of several factors which I believe he has worked for. These factors include his education, training, experience and luck. No one has a right to question these because I think whatever one is earning now is the result of hard work, somet hing which one has strived for. As an example, I am sure that before Kobe Bryant reached his current rate, he had to undergo a lot of training and sacrifices. It was not an easy path at all so everything he has now, he definitely deserves it.

Apple vs. Windows Operating Systems Essay Example | Topics and Well Written Essays - 750 words

Apple vs. Windows Operating Systems - Essay Example The two most common operating systems in today’s market include Windows and Apple. In spite of the numerous advantages of Apple OS, Windows has far better features, is more user friendly and therefore is the better of the two options. Apple computers introduced its first working operating system in June 1978 known as Apple DOS 3.1. When using apple OS it is possible for one to run other operating system on it such as windows as suggested by Pejrolo (57). Therefore, one can choose and install an OS such as window 7 in a Mac computer and run anything related to it at same time. This implies how flexible the Apple operating system is compared to others such as the windows. Though Apple OS may be infected by viruses their level of getting such is less compared to that of Windows. Apple OS is well designed with an excellent visual appeal and a high-head feel. Apple also provides its customers with an Apple Store where one can take his/her if anything wrong happens with it then it g ets fixed. The OS also comes with a limited number of reliable programs such as iLife, iWeb, iMovie and iDVD. In addition to this, Apple products usually work best with each other. Apple benefits from its intellectual property and it is highly depended on it. Apple Operating system also has some disadvantages such as small software base as opposed to windows. It also misses some features which are usually basic with Windows operating system. Apple operating system is best suited for professional users as opposed to the general user or novice in IT. This is because the software has features and terms which may not be self explanatory, quite unlike Window’s. Windows operating system is usually user-oriented and tightly integrated compared to the Apple operating systems. Windows Operating system possesses a right mouse button which improves the efficiency of the operating system. It also has an automated validation process referred to as Windows Genuine Advantage which is integr ated with other Microsoft operating system products. Furthermore, the Windows Genuine Advantage (WGA) updates the current windows installed together with its licence key despite the hardware used. Due to this validation process the Windows OS user has to undergo series of validation systems before being authorised to install updates and other releases of the software. This way the WGA provides security to the Windows operating system. Windows OS is usually faster and easier to work with as one is able to work with their PC in whichever way they want to. It is designed in a manner that it can be well-matched with a large combination of hardware. Due to its compatibility with hardware, windows OS has become the best system for the wide range of computing services according to Freeman (38). Windows OS also provides its software manufacturers’ with a wider user base. As a result most of the software available in the market is designed so as to run basically with Windows. While va rious applications are capable of being installed in various OS, majority of them can only apply in one operating system and Windows is the most preferred due to its compatibility. Windows also offers a wide range of opportunities to its users such as windows process activation service, application recovery and also mandatory integrity. As a result, this OS has become widely used in all types of environments. Furthermore, the software is cheaper in cost compared to Apple, the more reason it has remained a favourite for most

Read instructions Essay Example | Topics and Well Written Essays - 500 words - 1

Read instructions - Essay Example According to (Journal star)â€Å"In order for America to reverse the dangerously unhealthy trend toward obesity, it’s going to take action on multiple fronts†. In this editorial, it is the message from the Institute of medicine of America that, in order to bring positive effect to the reduction of obesity rate among the Americans, there should be action from government on various levels. This can be educating the public about the negative aspects of fast food and unhealthy eating habits, taking strong action on fast food chains to promote natural food and implementing policies and strategies in schools to warn children on fast food negativity. In the (Journal star) it is stated that â€Å"Currently, 34 percent of Americans are obese. The Centers for Disease Control estimates that by 2030, 42 percent of Americans will be obese† It is clear known fact that, obesity leads to serious illnesses like diabetes and heart diseases, hence the editorial suggest that the obese people should try to control their eating and moving pattern. The editorial comments that one in five health care dollars goes in to the health care treatment of the public which increases their total health care cost. There is also concern among other countries , whether America will get a title of a â€Å"Nanny state † wherein every individual will be monitored by health care professional in order to get up to a title of an â€Å"healthy state†. Along with this, there was also talk among the media that the country is taking away the matter of personal responsibility from the public. However the IOM committee assured that â€Å"eat less and move more† will always be the slogan of their organization As per (Journal Star)â€Å"There’s already proof that some of the recommendations work. Schools in Kearney raised eyebrows across the nation by dropping the obesity rate of grade school kids by 13 percent since

Hunting and Fishing Essay Example | Topics and Well Written Essays - 1750 words

Hunting and Fishing - Essay Example Although fundamental for man’s survival, Culture is equally fragile as it keeps changing hence across generations, certain cultural aspects have been lost in all societies. Perhaps there are no other groups of people that have rich and much told culture like the Native Indian-Americans. They possess a great history of struggle and success and many of today’s life practices of the Americans like; teepee, peace pipe and moccasins, are borrowed from the Indian-Americans2. As noted above, Food is a fundamental aspect of every culture, hence a comprehensive study into the Indian American food related practices gives sufficient information of their cultural background. The research paper will therefore focus on one aspect of culture, hunting and fishing as a source of food and the role the two practices played within the indigenous culture of the Indian-Americans. ... Boys had to learn the hunting and fishing skills early in life. A story is told of a boy 8 years of age who in his first hunt he killed a goose, took it to his father who showed it to the whole community and at 10 years of age he killed his first Buffalo and the whole community rejoiced with the family, to Indians, successes in hunting were happiness to the whole family and community at large4. The hunting tribes’ important wild animal for hunt was the Buffalo which they hunted in twice yearly; during winter and summer. During the hunting periods, particular communities the whole village could go for hunting for fear of attack from hostile tribes, carrying all they needed for the journey in ponies putting women in charge while the rest of the luggage was buried and dug up upon return. They made camps at night and in the morning again break the camp and continue with the journey. They moved in single way and young boys kept watching for the Buffalo herds which they approached w ith great care done under the leader when spotted at a distance.5 The disparities and unity brought by hunting and fishing There were a number of ways that Native Americans obtained food key among them of which included, farming and domesticating animals, hunting, fishing in lakes and rivers and gathering wild fruits6. Majority of Native American tribes took part in fishing and hunting, the Eskimos who live far North depended on fish and hunted animals to survive, the Blackfoot & Sioux were the big game hunters who were on frequent migration to follow bison and the Chippewa who also took part in hunting to obtain food. Tlingit and Salish obtained their food from fishing in rivers and lakes.7In these earlier times there were no conventional equipments or tools,

Marketing Concept Essay Example | Topics and Well Written Essays - 1750 words

Marketing Concept - Essay Example The marketing concept is different from all the others, which include product, selling production and holistic marketing. This is because it involves coming up with products according to the needs of the customers. The others may involve the advertisements of the products after they are ready made. Therefore, it is more of the customer finding out about the firm. In the marketing concept, market research is thoroughly conducted. The firm takes an interest in finding out the needs of consumers. This concept exhibits some intrinsic qualities. It shows consideration of tastes and preferences of consumers, as opposed motivation by profit maximization. It also shows that the firm upholds ethics unconditionally. The reason behind this is that even the thing that matters the most does not stop the firm from doing what is right.The marketing concept is both advantageous to the firm and the consumers. People tend to think that the profits of a firm are only maximized by the most direct method s whose effects are immediately felt. However, this is never the case. There is a need to look at the future. The conduction of research on consumers might seem less expensive for a small firm. However, this is an extremely expensive undertaking for a larger firm. This is because large firms may be serving a wide geographical market. It may call for the use of most of the modern technologies. Therefore, this may seem like a method that is less advantageous to the firm.... People tend to think that the profits of a firm are only maximized by the most direct methods whose effects are immediately felt. However, this is never the case. There is a need to look at the future. The conduction of research on consumers might seem less expensive for a small firm. However, this is an extremely expensive undertaking for a larger firm. This is because large firms may be serving a wide geographical market. It may call for the use of most of the modern technologies. Therefore, this may seem like a method that is less advantageous to the firm. However, the exact opposite is true. First, this kind of marketing attracts more customers. This is when they realize that their interests are considered by the firm. The other advantage is long term. The firm is able to establish the wants and needs of consumers. Therefore, they come up with products that have the ability to satisfy the consumers for a long time. This ensures profit maximization. Introduction of the chosen busi ness. The principal aim of this essay is to discuss the application of the marketing concept in the real world. This can only be achieved using a live example of a firm in the real world. Therefore, it was essential to consider a company that has had a long history with this concept. For this reason, Standard Life was the ideal choice. This is an investment and long term saving business. It mainly deals with life assurance. The head quarters of this company is in Edinburgh. However, its operations occur all around the globe. Standard Life has been the principal topic of controversy for a long time. This is due to some of its policies, as well as acts. However, this company has exhibited continuous success over the years. This is