3) Why do employees need to understand legislative requirements? (100–120 words) 4) What is an accounting system?...

3) Why do employees need to understand legislative requirements? (100–120 words)

4) What is an accounting system? (80–100 words)

Expert Solution

ekkarill92 answered 1 year ago

1) i)Why do employees need to understand legislative requirements? ii)What is an accounting system?

Explain why it is important to understand the accounting and reporting requirements for an area that...

Explain why it is important to understand the accounting and reporting requirements for an area that an auditor will be assigned to audit – use sales and collections as an example. Briefly explain FASB’s revenue recognition standard. 2. Explain the basic processes involved in generating and document revenue transactions; and in collecting for revenue transactions. You can use an example to help you explain the process. As part of your explanation, also state which documents are used to detail the...

1. aExplain why it is important to understand the accounting and reporting requirements for an area...

1. aExplain why it is important to understand the accounting and reporting requirements for an area that an auditor will be assigned to audit – use sales and collections as an example. Briefly explain FASB’s revenue recognition standard. b. Explain the basic processes involved in generating and document revenue transactions; and in collecting for revenue transactions. You can use an example to help you explain the process. As part of your explanation, also state which documents are used to detail...

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Why do managers need to understand product and period costs, what are their differences?

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a.) What do you understand by the term system automation? b.) Why do you think that automation is...

a.) What do you understand by the term system automation? b.) Why do you think that automation is important in our day to day activities – discuss c.) There is the fear that automation will replace human activities resulting in unemployment. Do you align with this assertion? Support you claim with relevant points d.) What is the difference between robotics and automation?

1,Why do nurses need to understand the importance of conflict resolution and management? 2, What are...

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