Сентябрь 24th, 2020 
raven000 Content
- Types Of Finance And Financial Services
- Risk Factors Relating To Misstatements Arising From Fraudulent Financial Reporting
- Availability Of Data And Materials
- How To Set And Achieve Financial Goals
- Examples Of Audit Procedures Performed To Respond To Fraud Risks Relating To Misappropriations Of Assets
B) You may borrow up to 75% of a stock purchase. C) The ratio of your equity value to the total value of the position may not fall below 25%. D) The ratio of your equity value to the total value of the position may not fall below 75%. B) Are employees of a member firm and buy and sell for customers of the firm. D) Handle limit and other special orders placed by other brokers on the floor. Selling the security issue through a selling syndicate.
- Restriction on auditor preparing indirect cost proposals.
- Auditors use it to understand the Federal program’s objectives, procedures, and compliance requirements, as well as audit objectives and suggested audit procedures for determining compliance with the relevant Federal program.
- When assessing risk in a large single audit, the auditor must consider whether weaknesses are isolated in a single operating unit (e.g., one college campus) or pervasive throughout the entity.
- Department administration expenses, which will be computed as 20 percent of the salaries and expenses of deans and heads of departments.
- _________ planning is designed to develop specific action steps that support the strategic and tactical plans.
In situations in which bond financing is used, the bond initiative must be reviewed and approved by the governing board before it is placed on the ballot. The size of the bond initiative for a particular program may be determined by estimates of aggregate costs generated during the planning process and Chapter 02 Money Management Skills True / False Questions 1 may not include detailed project budgets until funding has been secured. However, depending on the local political environment, bond initiatives may require detailed cost estimates that specifically identify the projects to be funded from the proceeds before the bond issue can be placed on the ballot.
Types Of Finance And Financial Services
The following conditions must apply to debt arrangements over $1 million to purchase or construct facilities, unless the non-Federal entity makes an initial equity contribution to the purchase of 25 percent or more. For this purpose, “initial equity contribution” means the amount or value of contributions made by the non-Federal entity for the acquisition of facilities prior to occupancy. The non-Federal entity limits claims for Federal reimbursement of interest costs to the least expensive alternative. For example, a lease contract that transfers ownership by the end of the contract may be determined less costly than purchasing through other types of debt financing, in which case reimbursement must be limited to the amount of interest determined if leasing had been used. The extent to which the facility was actually used to meet demands during the accounting period. A multi-shift basis should be used if it can be shown that this amount of usage would normally be expected for the type of facility involved.
A trader enters a long European put option on this stock with a strike price of $84.5. On 15 October 2020, CSL Limited share price is $300. You have a friend who works at CSL and she told you — in the strictest of confidence — that they have just made a major breakthrough in their… Compute the first six-month coupon payment on an inflation-indexed Treasury bond that has 10 years to maturity and a 5% coupon rate if the inflation during the period was 2% and the bond has a face va… Question 2 Sylvia is planning an investment.
Risk Factors Relating To Misstatements Arising From Fraudulent Financial Reporting
Dividing the total allowable indirect costs by an equitable distribution base. The result of this process is an indirect cost rate which is used to distribute indirect costs to individual Federal awards. The rate should be expressed as the percentage which the total amount of allowable indirect costs bears to the base selected. This method should also be used where a governmental unit’s department or agency has only one major function encompassing a number of individual projects or activities, and may be used where the level of Federal awards to that department or agency is relatively small. Predetermined rate means an indirect cost rate, applicable to a specified current or future period, usually the governmental unit’s fiscal year. This rate is based on an estimate of the costs to be incurred during the period.
When we behave different than our normal personality traits, people may take time to adjust to the situation. Good decision making, both personally and professionally, can help our human relations in that it provides a framework to make sure we are thinking about all aspects of the decision. We tend to be happier when we make better decisions, which means we relate better to others. Ethical decision making is necessary because ethical decisions must be made all the time in our personal and work lives. Understanding how to make an ethical decision can help us become better employees and human beings. Many things should be considered when paying employees, including cost of living, supply of qualified people, and business success.
Part of a correct answer may earn some credit. Employees began to unionize in the 1920s due to lack of positive human relations, and therefore the behavioral school of management was created. During this time period, researchers began to focus on the human relations aspect of the workplace. One of the major theories developed was the Hawthorne effect, which determined that workers were more productive when they were being watched and cared about by researchers. During this time period, employees had begun to unionize, bringing human relations issues to the forefront. Because workers demanded a more humane environment, researchers began to look at how organizations could make this happen. Retention of employees should be a high management priority.
Availability Of Data And Materials
Other fringe benefit costs applicable to the salaries and wages included in subsections and are allowable, as well as an appropriate share of general administration and general expenses, operation and maintenance expenses, and depreciation. Anticipated Announcement and Federal Award Dates — Optional. This section is intended to provide applicants with information they can use for planning purposes. If applications are received and evaluated on a “rolling” basis at different times during an extended period, it may be appropriate to give applicants an estimate of the time needed to process an application and notify the applicant of the Federal awarding agency’s decision. The circumstances concerning why the auditor’s report on compliance for each major program is other than an unmodified opinion, unless such circumstances are otherwise reported as audit findings in the schedule of findings and questioned costs for Federal awards. The auditor must determine and provide an opinion whether the financial statements of the auditee are presented fairly in all materials respects in accordance with generally accepted accounting principles .
The county clerk shall file and record the affidavit as an amendment to the marriage license, and the affidavit is considered part of the marriage license. The clerk shall include a copy of the affidavit with any future certified copy of the marriage license issued by the clerk. The Health and Human Services Commission shall maintain an Internet website on which individuals and organizations described by Subsection may electronically register with the commission to indicate the skills-based and research-based curriculum in which the registrant is trained. The county clerk may issue a marriage license through the use of remote technology only in accordance with the procedures adopted by the Texas Judicial Council under Section 71.039, Government Code. We are a non-profit group that run this service to share documents. We need your help to maintenance and improve this website.
Calculating parameter values for each structure provided an estimation of the proportion of students that operated according to a given structure for each question. Comparing observed student responses to these inferred values revealed the extent to which each format provided raw answers that adequately captured inferred student approaches.
How To Set And Achieve Financial Goals
Non-Federal entity means a State, local government, Indian tribe, Institution of Higher Education , or nonprofit organization that carries out a Federal award as a recipient or subrecipient. A non-discretionary award amount could be determined specifically or by formula. The term “direct loan obligation” means a binding agreement by a Federal awarding agency to make a direct loan when specified conditions are fulfilled by the borrower. Loan means a Federal loan or loan guarantee received or administered by a non-Federal entity, except as used in the definition of program income in this section. Is distinguished from a cooperative agreement in that it does not provide for substantial involvement of the Federal awarding agency in carrying out the activity contemplated by the Federal award. Generally accepted accounting principles has the meaning specified in accounting standards issued by the GASB and the FASB. General purpose equipment means equipment which is not limited to research, medical, scientific or other technical activities.
A “performance bond” is one executed in connection with a contract to secure fulfillment of all the contractor’s requirements under such contract. The non-Federal entity must take all necessary affirmative steps to assure that minority businesses, women’s business enterprises, and labor surplus area firms are used when possible. The procurement lends itself to a firm fixed price contract and the selection of the successful bidder can be made principally on the basis of price. The acquisition of supplies or services, the aggregate dollar amount of which does not exceed the micro-purchase threshold (See the definition of micro-purchase in § 200.1).
Examples Of Audit Procedures Performed To Respond To Fraud Risks Relating To Misappropriations Of Assets
The auditor must also decide whether the schedule of expenditures of Federal awards is stated fairly in all material respects in relation to the auditee’s financial statements as a whole. When audit findings were not corrected or were only partially corrected, the summary schedule must describe the reasons for the finding’s recurrence and planned corrective action, and any partial corrective action taken. When corrective action taken is significantly different from corrective action previously reported in a corrective action plan or in the Federal agency’s or pass-through entity’s management decision, the summary schedule must provide an explanation. Is designed to recover only the aggregate costs of the services. The costs of each service must consist normally of both its direct costs and its allocable share of all indirect (F&A) costs.
Long-term financial security, it is important to always «pay yourself first.» Personal possessions are not liquid assets. (p. 46) Copies of tax returns and supporting data should be saved for 10 years. E. None of these are true since budgets are just estimates. «Pay yourself first» by setting aside savings before other expenses are budgeted. D. Spend the amount of money you have budgeted in each category.
Materials and supplies used for the performance of a Federal award may be charged as direct costs. In the specific case of computing devices, charging as direct costs is allowable for devices that are essential and allocable, but not solely dedicated, to the performance of a Federal award. Additional condition for nonprofit organizations. For costs to be allowable, the nonprofit organization incurred the interest costs after September 29, 1995, in connection with acquisitions of capital assets that occurred after that date. The non-Federal entity will negotiate the amount of allowable interest cost related to the acquisition of facilities with asset costs of $1 million or more, as outlined in paragraph of this section.
- By focusing on a positive outcome, we begin to believe it, thereby making it more likely to happen.
- For third-party in-kind contributions, the fair market value of goods and services must be documented and to the extent feasible supported by the same methods used internally by the non-Federal entity.
- The covariance is a measure of the degree to which two variables (e.g., rates of return) move together over time relative to their means.
- The average rate of return of the portfolio when you combine U.S. and German stocks.
Provide a basis for the evaluation of a government’s service efforts, costs, and accomplishments. Financial reporting should provide information to determine whether current-year revenues were sufficient to pay for current-year services. The https://accountingcoaching.online/ financial planning process is critical to the expression of citizen preferences and is the avenue for reaching consensus among citizens, members of the governing board, and staff on the future direction of the governmental unit’s operations.
A final audited rate is not subject to adjustment. If a dispute arises in the negotiation of a plan between the cognizant agency for indirect costs and the governmental unit, the dispute must be resolved in accordance with the appeals procedures of the cognizant agency for indirect costs. All central service cost allocation plans and related documentation used as a basis for claiming costs under Federal awards must be retained for audit in accordance with the records retention requirements contained in subpart D of this part. Each major local government is also required to submit a plan to its cognizant agency for indirect costs annually. Provisional rate or billing rate means a temporary indirect cost rate applicable to a specified period which is used for funding, interim reimbursement, and reporting indirect costs on Federal awards pending the establishment of a final rate for the period. Actual conditions must be taken into account in selecting the base to be used in allocating the expenses in each grouping to benefitting functions.
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This type of information is considered to be Public PII and includes, for example, first and last name, address, work telephone number, email address, home telephone number, and general educational credentials. The definition of PII is not anchored to any single category of information or technology. Rather, it requires a case-by-case assessment of the specific risk that an individual can be identified. Non-PII can become PII whenever additional information is made publicly available, in any medium and from any source, that, when combined with other available information, could be used to identify an individual. Indirect (facilities & administrative (F&A)) costs means those costs incurred for a common or joint purpose benefitting more than one cost objective, and not readily assignable to the cost objectives specifically benefitted, without effort disproportionate to the results achieved. To facilitate equitable distribution of indirect expenses to the cost objectives served, it may be necessary to establish a number of pools of indirect (F&A) costs. Indirect (F&A) cost pools must be distributed to benefitted cost objectives on bases that will produce an equitable result in consideration of relative benefits derived.
Recipients that have Federal contract, grant, and cooperative agreement awards with a cumulative total value greater than $10,000,000 must disclose semiannually any information about the criminal, civil, and administrative proceedings. If a dispute arises in the negotiation of a plan or from a disallowance involving two or more Federal awarding agencies, the dispute must be resolved in accordance with the appeals procedures set out in 45 CFR Part 16. Disputes involving only one Federal awarding agency will be resolved in accordance with the Federal awarding agency’s appeal process. Each billed central service activity must separately account for all revenues generated by the service, expenses incurred to furnish the service, and profit/loss. A reconciliation of actual allocated central service costs to the estimated costs used for either the most recently completed year or the year immediately preceding the most recently completed year.
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