Answer:
1. Record the time worked on a client project by professional staff.
The first thing is do is to record the time the client was worked on by a professional staff because CPAs should be charging by the hour.
2. Record the completion of a client project.
The record the completion of a client project so that the project can be considered finished. The total hours worked will be totalized here.
3. Record the application of office overhead.
After the completion of the project the overhead costs are now apportioned and recorded.
Answer:
The answer is establishment of organisational goals
Explanation:
The top managers set long-term goals and define strategies to achieve them. they make the decisions that affect the whole company such as financial investments, mergers and acquisitions, partnerships and strategic alliances, and changes to the brand or product line of the organization.
Answer:<em> False</em>
Explanation:
The statement given in the question is false.
The correct statement is given as, "For risk episodes moderately within project horizon, resolution planning and strategies include working with clients to re-prioritize cost, itinerary, opportunity or quality and therefore precisely heightens problems."
Answer:
The correct answer is E. Conceptual skills
.
Explanation:
Conceptual skills are highly valued from the management perspective. People with a certain degree of responsibility within an organization are frequently exposed to very complex dilemmas that are not easy to address.
We could define conceptual skills as the ability to think creatively, analyze and understand complicated and abstract ideas. They are skills that allow an individual to understand complex situations to develop creative and successful solutions. They are skills that are not taught or learned, but manifest in real situations as part of creative thinking.
Answer:
$3,000 understated
Explanation:
The computation of the working capital in case of no correcting entries made is shown below:
= Depreciation Expense for 2020 - depreciation expense for year 2021 - ending inventory for 2021
= $18,000 - $6,000 - $9,000
= $3,000 understated
While there is no additional errors occurred and no correcting entries passed so in this the $3,000 is understated by above calculation
