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Differentiate between an unqualified and a qualified audit report?
Type your answer here... An audit report is said to be unqualified,when it is a clean report. Thus the auditor after examination of the organisation its record and financial statement comes to a conclsion that the financial statement reflects the true financial position of the business thats the financial statement have been prepard in accordance with the acceptable accounting principles. Qualified audit report on the other hand is a negative report which shows that the financial statement have not be prepare in accordance with acceptable accounting principles and the opinion of true and fare is not certain.
What does the Contract Funds Status Report provide to the Program Managers?
The Contract Funds Status Report provides Program Managers with a comprehensive overview of the financial status of their contracts, including obligations, expenditures, and remaining funds. It helps them track budget performance, ensuring that they remain within allocated financial limits and can make informed decisions regarding resource allocation. Additionally, this report aids in identifying potential funding issues and facilitates timely financial planning and reporting.
Do car dealerships report their financial transactions to the IRS?
Yes, car dealerships are required to report their financial transactions to the IRS for tax purposes.
What is the difference between annual report and annual return?
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What is the difference between a profit and loss statement and an income statement?
A profit and loss statement shows a company's financial performance over a specific period, detailing revenue, expenses, and net profit or loss. An income statement is a broader term that can refer to the same document or a more comprehensive financial report that includes additional information about a company's operations.
What is the difference between international financial report as opposed to the public sector accounting?
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Key activities of a financial manager?
A financial manager has three main duties. They are to manage the budget of the company, keep a report of all financial transactions and to manage the financial team.
What is the purpose of the sales budget report?
The purpose of the sales budget report is to ascertain what the year's budget status would have on the next year's anticipated budget. In order to anticipate what the next year's sales might be, one needs to find out what the last year's sales were.The purpose of the sales budget report is to help plan for the future. The budget can be used to control expenditure and increase revenue for the next financial year.
The similarities and differences between standards and budgets?
One similarity between standards and budgets is they are both predetermined costs. A major difference is that companies can report inventories using standard costs but not budget costs.
What is the difference between a header and a title on a report?
what is the difference between titles and headings in general.
What was the Production Budget for Minority Report?
The Production Budget for Minority Report was $102,000,000.
What was the Production Budget for Observe and Report?
The Production Budget for Observe and Report was $18,000,000.
Characteristic of a good feasibility report?
difference between feasibility report and project proposal
How do you develop budget report?
how to develop budget
What are the duties of a staff accountant?
Staff accountant is responsible for maintaining financial report general ledgers, records and prepares the budget. They also do meeting with the clients to discuss the financial matters such as liability and tax.
What is the difference between a query and a report?
A query (inquiry) is seeking information. A report provides information.
What information is included in the report to Congress drawn up by the director of the Office of Management and Budget?
his report analyzes the status of financial management in the executive branch; summarizes agency financial statements, audits, and audits reports; and reviews reports on internal accounting and administrative controls
