Accounting misc - Study guides, Class notes & Summaries

The Payroll Source CPP Practice Exam 100 Questions with Verified Answers Which of the following is LEAST likely to be considered when looking at the security of a new payroll system? A. regular data back-up and storage B. protection against computer viruses C. limited system access D. system edits - CORRECT ANSWER D. system edits Company deadlines for payroll data input documents are essential for: A. timely processing of the payroll B. accurate entry of data C. guaranteeing that al...

HFA Study Guide Exam Questions And Answers (Verified And Updated) Who's responsible for the investigation of complaints concerning licenses? - answerThe division How many C.E.s does a HFA need every two years? - answer40 C.E. credits If a person is not licensed as an HFA or RCA, what title can't they use? - answerAssistant HF Administrator Assistant RC Administrator If using the word "administrator" but not actually licensed, then they are in violation of Indiana law. The designations "...

: (19) Applicable Guidance 1- According to The IIA’s International Professional Practices Framework, which of the following constitute mandatory guidance for implementing the Standards? A. Development Aids. B. Performance Standards. C. Practice Aids. D. Implementation Guides. Answer (A) is incorrect. Development Aids are not part of the IPPF. Answer (B) is correct. The mandatory guidance portion of the IPPF consists of the Core Principles, Definition of Internal Auditing, the Code o...

HRB-27 Final Exam Review Questions And Answers WITH VERIFIED SOLUTIONS GRADED A+ What income reporting form should an independent contractor sometimes receive from the person who paid him for his services? - Answer Form 1099-MISC (15.6) Schedule C, Line F asks for the accounting method used in the business. What is the difference between the cash method and the accrual method of accounting? - Answer • Under the accrual method, total sales and total charges for services are included in ...

1: (19) Applicable Guidance 1- According to The IIA’s International Professional Practices Framework, which of the following constitute mandatory guidance for implementing the Standards? A. Development Aids. B. Performance Standards. C. Practice Aids. D. Implementation Guides. Answer (A) is incorrect. Development Aids are not part of the IPPF. Answer (B) is correct. The mandatory guidance portion of the IPPF consists of the Core Principles, Definition of Internal Auditing, the Code ...

Accounting 101 Exam CH 1-4 Questions & Answers 2023/2024 Accounting Equation - ANSWER-Assets= Liabilities + stockholder's equity Assets - ANSWER-Resources owned by company Liabilities - ANSWER-Rights of the creditors or amounts owed to creditors Equity - ANSWER-Rights of the owner AED - ANSWER-Assets, Expenses, Dividends = Normal debit balance and increase on the debit side LER - ANSWER-Liabilities, Equity, Revenue = Normal credit balances and increase on the credit side ...

1: (19) Applicable Guidance 1- According to The IIA’s International Professional Practices Framework, which of the following constitute mandatory guidance for implementing the Standards? A. Development Aids. B. Performance Standards. C. Practice Aids. D. Implementation Guides. Answer (A) is incorrect. Development Aids are not part of the IPPF. Answer (B) is correct. The mandatory guidance portion of the IPPF consists of the Core Principles, Definition of Internal Auditing, the Code ...

ACCOUNTING MISC| EAST CAROLINA UNIVERSITY77) Financial statement analysis involves all of the following except: E) Assuring that the company will be more profitable in the future. 78) Evaluation of company performance can include comparison and/or assessment of all but which of the following: E) External user needs and demands. 79) External users of financial information: C) Are not directly involved in operating the company. 80) Internal users of financial information: ...

Accounting for Governmental and Nonprofit Entities 18e (Reck) Chapter 8 - Wiley College ACCOUNTING MISC Chapter 8 Accounting for Fiduciary Activities—Custodial and Trust Funds 1) According to the GASB, control of an asset means the government must have the asset in its possession. Answer: FALSE 2) By definition a fiduciary fund that does not meet the definition of a trust fund is a custodial fund. Answer: TRUE 3) Resources that are held in trust for the benefit of the government's o...

Gleim's CPA Test Prep Auditing [1] Which of the following is required documentation in an audit in accordance with generally accepted auditing standards? A. A flowchart or narrative of the accounting system describing the recording and classification of transactions for financial reporting. B. An audit program setting forth in detail the procedures necessary to accomplish the engagement's objectives. C. A planning memorandum establishing the timing of the audit procedures and coordinating the ...