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Q: What are Recording and reporting requirements for individuals and activities?
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Reporting questionable activities is the sole responsibility of the IG?

FALSE


What contra account is used when recording and reporting the effects of depreciation and why is it used?

The contra account that is used when recording and reporting the effects of depreciation is called amortization of assets. This account is used to reduce the dollar amount of the asset periodically over time to bring assets to current costs.


Distinguish between the recording and reporting process in accounting?

Recording indicates entering financial transactions into the accounting system such as bank withdrawal, insurance payments and employee salaries. Reporting denotes harvesting the data or transactions that were entered during the recording phase. Report generation can include anything from generating payroll numbers for executives to pulling sales numbers to apply for a loan.


What is the difference between reporting and non reporting entities?

A "non-reporting" entity refers to companies whose stock is publicly traded but which is exempt from reporting to the Securities & Exchange Commission. Usually these companies report publicly by posting financial information on the OTC Markets website voluntarily. These postings, however, are not subject to audit requirements or more generally to SEC reporting requirements. A "reporting" entity refers to companies whose stock is publicly traded and must file financial and other information with the Securities & Exchange Commission.


What is cost accounting and its nature and scope?

Cost accounting is the internal reporting system. It includes cost recording and reporting and cost measurement or estimation. In addition, it includes cost planning, cost control, and cost analysis.

Related questions

Is hard money or soft money subject reporting requirements?

Hard money is subject to reporting requirements because it includes direct contributions to candidates or political parties which must be disclosed. Soft money, on the other hand, refers to funds donated to political parties for activities not directly supporting a specific candidate and is subject to less stringent reporting requirements.


Are the supervisors responsible for recording and reporting changes in resource status?

no


What are the activities involved in the accounting process?

Activities Involved in Accounting are : 1) Identifying 2) Measuring 3) Recording 4) Classifying 5) Communicating 6) Summarizing 7) Analyzing 8) Interpreting 9) Reporting 10) Decision Making


What system is used for all navy and marine corps for recording and reporting mishaps?

WESS


What are the supervisors roles and responsibilities for Safety Program Management?

Recording and reporting safety metrics


What are three reporting requirements for a company listed on the TSX?

Yes.


Reporting questionable activities is the sole responsibility of the IG?

FALSE


How can overt behavior be measured?

Overt behavior can be measured through direct observation, self-report surveys, performance tasks, and physiological measures. Direct observation involves watching and recording behavior in real-time. Self-report surveys rely on individuals reporting on their own behavior. Performance tasks involve assessing individuals' performance on specific activities. Physiological measures track physical responses such as heart rate or brain activity as indicators of behavior.


What contra account is used when recording and reporting the effects of depreciation and why is it used?

The contra account that is used when recording and reporting the effects of depreciation is called amortization of assets. This account is used to reduce the dollar amount of the asset periodically over time to bring assets to current costs.


Requirements for project review and reporting include?

updating the project risk assessment


Distinguish between the recording and reporting process in accounting?

Recording indicates entering financial transactions into the accounting system such as bank withdrawal, insurance payments and employee salaries. Reporting denotes harvesting the data or transactions that were entered during the recording phase. Report generation can include anything from generating payroll numbers for executives to pulling sales numbers to apply for a loan.


What are management activities?

Treasury Mgmt activities are related to your liquidity, receivalbes and payables. AR, AP, info reporting. These are all TM activities. Hope this helps!