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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.
DEFINITION OF COST ACCOUNTING DEFINITION: as said by the Institute of Cost and Works Accountants (ICWA), London, Cost accounting is " the method of accounting for costs from t
Assignment Comments – Debt-to-assets ratio: 50% Current Ratio: 1.8x Total assets turnover: 1.5x Days sales outstanding: 36.5 days* Gross profit margin
Q. Completing the accounting cycle? Subsequent to studying this chapter you should be able to - Recapitulate the steps in the accounting cycle. - Organize a work sheet fo
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Acme Inc. has total liabilities of $120,000, total sales of $80,000, net income of $12,000, current assets of $90,000 and total assets of $150,000. What is the debt to equity rat
what all things do we have to treat in revaluation account
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