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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.
Q. Illustrate Periodic inventory procedure? Companies by means of periodic inventory procedure make no entries to the Merchandise Inventory account nor do they maintain unit re
Billable expenses are those expenses incurred by you on behalf of your client in performing duties / supply and service. These expenses are recoverable from your customer by way of
Q. General accepted accounting principles? In general accepted accounting principles (GAAP) set forth standards or methods for presenting financial accounting information. A
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GAAP that is Generally Accepted Accounting Principles encompass the conventions, rules and processes necessary to explain accepted accounting practice at an exact time........gener
Q. What is Sales revenues? The sale of goods takes place between two parties. The seller of the merchandise transfers them to the buyer in exchange for cash or a promise to pay
A key functional area of SAP for Utilities that supports cross-company exchange of settlement data based on international standards like as EDI, XML, and Microsoft Excel. Interc
1. Listed below are account balances taken from the adjusted trial balance of XYZ Inc. as of December 31, 2012. Credit Account
On January 1, 2012, Muller Co. borrowed cash from Washington Valley Bank by issuing a $100,000 face value 3-year installment note payable that carried a 7% interest rate. The note
Q. Example of Unearned service fees? Unearned service fees On December 7 Micro Train Company received USD 4500 from a customer in payment for future training services. The firm
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