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Q. What do you mean by Management consulting ?
Management consulting or advisory services before Sarbanes-Oxley management advisory services were the fastest growing service area for most large and many smaller CPA firms. Management habitually identifies projects for which it decides to retain the services of a CPA. While the Sarbanes-Oxley Act specifically prohibits providing certain kinds of consulting services to a publicly held company by its external auditor. These services include information systems design and implementation, bookkeeping, appraisals or valuation services, internal audits, management and human resources services, broker/dealer and investment services, actuarial services and legal or expert services related to audit services. Accounting firms is able to perform many of these services for publicly held companies they don't audit. Other services not specifically banned are authorized if pre-approved by the company's audit committee.
In contrast to public an accountant who offers accounting services for many clients the management accountants provide accounting services for a single business. In a company with numerous management accountants the person in charge of the accounting activity is often the controller or chief financial officer.
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Accounting for payroll Employer Taxes and Reports Everyone who works should have a social security number. All employers in this country who have at least one employee should h
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Buyer's Direct Mills (BDM) Inc. is a century old textile company that takes raw cotton and spins it into cotton yarn. This yarn is in turn purchased by weaving companies which prod
Q. Starting inventory and net cost of purchases? Hanlon's start inventory (USD 24000) plus net cost of purchases (USD 166000) is equivalent to cost of goods available for sale
Explain What do you recognized by Open Item Managed Account? Ans) Open item management make sure that all items that have not yet been cleared are available in the system. Only
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Q. Example on gross margin method? To demonstrate the gross margin method of computing inventory assumes that for several Years Field Company has maintained a 30 per cent gross
i dont undrstnd t concepts of assets and liabilties n also journal entries thnks
Q. General principles of accounting? Organizations that have contributed towards the development of the principles are the 1)American Institute of Certified Public Accountants
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