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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. Verifiability of Financial information? Verifiability Financial information has verifiability when independent measurers are able to substantially duplicate it by using the
Cowhand's Bar-B-Q House went into business on January 1, 2009. The following information is available at December 31, 2009: Sales revenue for the year $30
please i need to know how to solve question in balance sheet
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Q. Example of Income statement of a merchandising firm? To recapitulate the more important relationships in the income statement of a merchandising firm in equation form -
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