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Auditing and Assurance Services for Risk Avoidation

Question: Describe about the Auditing and Assurance Services for Risk Avoidation. Answer: 1: The main purpose of an insurance company is to deal with the risk factors as people do insurance to avoid future risks. A general insurance company has to face several risks in the market due to its operation in different risky areas. So it is very essential to assess the potential risks early and take necessary actions. This risk assessment process helps a company to avoid risks. There are some processes for the assessment of risk. HIH Insurance Limited was ...

  • Published: 11 Dec, 2017
  • Views: 636

Managerial and Cost Accounting Toyota Motors Corporation

Question: Discuss about the Managerial and Cost Accounting Toyota Motors Corporation. Answer: Introduction This research paper outlines the roles of managerial accounting of a manufacturing company. To be precise, a case study of a Japanese company named Toyota Motors Corporation has been taken to analyse the various facets of this concern. The paper includes a brief overview of the company under study, its mission and vision statement and an outline of its line & staff function. It will be followed by ascertaining the value chain componen...

  • Published: 13 Dec, 2017
  • Views: 2927

Accounting Information Systems for Local Farmers and Producers

Question: Discuss about the Accounting Information Systems for Local Farmers and Producers. Answer: Introduction JK Saddlery makes and sells saddlery and other rural supplies to local farmers and producers, as well as to tourists. However, JK does not like to spend money if he does not feel that he needs to. Therefore they employs only one cashier, who also does the banking. In this case, many different types of risks are present in their system. Only one employee control was cashiering and banking work. Therefore, the collected money can be stolen...

  • Published: 16 Dec, 2017
  • Views: 756

Auditing and Assurance in Australian for One Tel

Question: Discuss about the Auditing and Assurance in Australian for One Tel. Answer: 1: Introduction: This is to be acknowledged that risk taking is fundamental characteristic of business. The inherent part of the risk comes from various facade of transaction. The business and organization should have the philosophy and culture of risk management. The risk management practices should be formed along with risk framework which includes appropriate risk awareness. The part of the process is effective risk management practices. The risk management prac...

  • Published: 19 Dec, 2017
  • Views: 713

Auditing and Assurance for Misguiding Information

Question: Discuss about the Auditing and Assurance for Misguiding Information. Answer: 1:- Inherent risk can be described as the probability of improper or misguiding information, provided in the financial statements, due to various aspects, except failure of controls. It is classified as an audit risk. It is the most insidious amongst all the audit risk factors and cannot be controlled through strict control and auditing processes. The financial reports of One.Tel depict several conflicting facts. The balance sheet of the company indicates that ...

  • Published: 20 Dec, 2017
  • Views: 663

Theory and Current Issues in Accounting

Question: Discuss about the Theory and Current Issues in Accounting. Answer: Introduction In this report, the theory related to recent issues that occur, on a regular basis with accounting procedures and policies are being discussed and some objects related to the financial accounting will be stated. The related elements of accounting are listed with a comparative description and the usage. The elements of accounting and their significance are being analysed with respect to the current issues of accounting (AASB, 2016). The essay contains the th...

  • Published: 20 Dec, 2017
  • Views: 891

Analysis of Xero Accounting Software

Question: Discuss about the Analysis of Xero Accounting Software. Answer: Introduction The computer program that helps the accountants and the bookkeepers to record and analyze the financial and the accounting transactions of an organization is termed as the accounting software (Ramanathan 2014). The aim of this literature review is to understand the various aspects of the accounting software that has been developed by Xero. The accounting software that has been developed by Xero offers many functionalities, and understanding has been developed thr...

  • Published: 20 Dec, 2017
  • Views: 935

Accounting and Reporting: Impairment Loss

Question: Discuss about the Accounting and Reporting for Impairment Loss. Answer: Introduction The Nature of “Impairment Loss” and Required Disclosures IAS 36 Impairment of assets ensures that the assets of a company are not carried at ore than their recoverable amount. Corporations are therefore mandated to conduct an impairment test to determine the recoverable amount of the assets (, 2015). At the end of each financial year, a company ought to determine whether there is an indication that the asset at hand is impaired. Impairment...

  • Published: 27 Dec, 2017
  • Views: 639

Accounting Information System in Bakery Business

Question: Describe about the Accounting Information System in Bakery Business . Answer: Introduction This report includes processes for the selection of an accounting information system (AIS) in detail. B Bakers is the case organization for which, AIS is proposed in this report by performing consecutive steps such as definition of business processes, develop business requirements, and determine system requirements, software selection and vendor selection. These would be effective to ensure informed information technology (IT) investment. 1. Bu...

  • Published: 28 Dec, 2017
  • Views: 2262

Business Research for Strategic Information Systems

Question: Discuss about the Business Research for Strategic Information Systems. Answer: Introduction: Accounting software is defined as the set of programs that are being used by the accountants for bookkeeping, recording their important data and other also for doing specific calculations. In contrast with the scenario here the Australian accounting software are the matter of concern (Andone and Pavaloaia 2013).  There is several accounting software available by those financial data and calculations can be done. Small and mid-sized businesses are...

  • Published: 29 Dec, 2017
  • Views: 631

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