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Q. Responsibility of Senior accountant?
As a senior accountant Tracy will be accountable for the day-to-day management of several audit engagements during the year. She will plan the audits oversee the performance of direct year-end field work and interim audit testing. She will as well perform much of the final wrap-up work, such like preparing checklists and writing the management letter and reviewing or drafting the financial statements. Throughout this process Tracy will expend a substantial amount of time instructing and supervising staff accountants.
The two most critical skills essential at the senior level are (a) the ability to organize and control an audit and (b) the ability to teach staff accountants how to audit.
The range of accounting can be presented in a diagrammatic form. Data collection and creation is the area that provides raw material for accounting. The data collecte
does immaterial items have to be recorded
Q. Cash equivalents and investments? Cash as well as cash equivalents consist of cash on hand and marketable securities with original maturities of three months or less. SFA
Encik Farid, a sole trader, started his business on 1 May 2010 under the name Farid Enterprise. The following are his business transactions for the month of May a. Encik Farid
Needs the entries for the following scenarios: Capital accounts as follows : Mason ; 90,000 Jiri; 30,000 James; 60,000 a) Frank pays mason 25,000 for 20% of masons interest i
Q. What is Managerial accounting information? A Managerial accounting information is for internal use and provides special information for the managers of a company. The inform
Q. Show double-entry procedure or duality? In every business transaction we record the total dollar amount of debits must equal the total dollar amount of credits. While we deb
Q. Specific identification method of inventory? Specific identification- The specific identification method of inventory costing put together the actual cost to an identifiable
what are welfare payments or consumer subsidies
If on the opening day of business, you put in supplies worth $250 and $3000 cash, would that be considered a transaction OR would it be considered your beginning balances because
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