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Q. Responsibility of Leader and expert?
As a partner in the firm Tracy will have numerous broad responsibilities. She will engage in business development, high-level client service activities, recruiting, strategic planning and office administration and counselling. Moreover serving as the engagement partner on several audits she will have ultimate responsibility for the excellence of service provided to each of her clients. Even though a certain industry or administrative function will become her specialty she will habitually be called upon to perform a wide variety of audit and administrative duties when other partners have scheduling conflicts. She will be expected to serve as a positive instance to those who work for her and will train others in her areas of expertise. At the partnership level what is looked for is leadership capability plus the ability to become an expert in a specific industry or administrative function.
A sweep account is actually a grouping of two or more accounts at a bank. It is useful in managing a steady cash flow among a cash account where scheduled payments are made from an
Q. Define the accounting process ? The accounting process offers financial data for a broad range of individuals whose objectives in studying the data vary widely. Bank officia
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Assume we are selling a device for 6000 and the company need to replace that device with a new device which is a bit more than the prior price say 7000.Then,how we can account this
Q. Explain about closing process? Expense, revenue and dividends accounts are nominal (temporary) accounts that are merely sub classifications of a real (permanent) account Ret
While mainly students are aware that accountants frequently assist their clients with tax returns and other tax issues, few are aware of the large number of diverse and challenging
how to budget for you income
Current Assets are $70,000, non-current assets are $150,000, current liabilities are $40,000 and long term liabilties are $30,000. What is the debt to equity ratio? 0.47 Stock h
Part 1: Students should consult with appropriate personnel in order to undertake an assessment of the client’s financial needs. Students must undertake an interview / consultation
“Ledger is said to be the principal book entry and the transactions can even be directly entered into the ledger account.” Elaborate and explain why journal is necessary.
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