VU Study Help: 22 Jun 2011

Wednesday 22 June 2011

ETH201 : Ethics (for Non-Muslims) Course Content and Recommended Books/Material

ETH201 : Ethics (for Non-Muslims) Course Content and Recommended Books/Material

Recommended Books/Material
A Manual of Ethics by John S. Mackenzie An Introduction to Ethics by William Lillie Seerat un Nabi (peace & blessing be upon him) by Syed Suleiman Nadvi

ETH201 : Ethics (for Non-Muslims)	01 Credit Hours

Course Content
The nature of ethics, The division of the subject,Theories of the Moral Standard, The standard as Law, The standard as happiness, The standard as perfection, The individual and society,Rights and duties, Moral institutions, The duties, Moral Pathology, Ethical teachings of Hinduism, Ethical teachings of Buddhism, Ethical teachings of Christianity, Ethical teachings of Islam, Ethical teachings of Islam,Islam towards minorities.

CS101 solution of the assignment #4

Download Solution CS101

AC311Assignment#02 Solution Fall 2010

Question 1:
Your senior has asked you to carry out an internal control review of the purchasing department of a
manufacturing company. What control procedures would you expect in the following functions of the
department:
• Ordering of goods
• Receipt of goods

Answer:

Ordering of Goods
• Need assessment
• Proper Request from concerned department which needs these goods
• Approval of the request from Requesting department head
• Inviting Quotations from vendors (usually from authorized vendors)
• Quotation with competitive rates & best quality product is selected
• Proper Purchase Order is prepared stating terms & conditions of purchase
• Approval of Purchase order from Purchasing Department head

Receipt of Goods
• Gate Pass is prepared
• Quality of goods is checked as per PO
• Quantity of Goods is checked as per PO
• Goods are entered in Store
• Goods are entered in stock ledger
• Check the bill is as per goods received
• Forward the Bill to Accounts Payable

ACC311 GDB Solution & Discussion Spring 2011

GDB “Discussion Question”

“Ali & Ahmad Co. consisting of two partners Mr. Ali and Mr. Ahmad who acts as auditors of Shafee group. Ali & Ahmed splits up and, by mutual agreement Mr. Ali continues the practice in the name of Ali & Ahmad Co. while Mr. Ahmad starts his practice as Ahmad & Co”

Required:

Keeping in view the above situation answer the following questions:

(i) Will Ahmad on his cessation as partner of Ali & Ahmad Co. automatically cease to be auditors of Shafee group, or will he be deemed to continue as auditor of Shafee group?

(ii) If Ahmad is deemed to continue as auditors, would Ahmad and Ali & Ahmed Co. automatically become joint auditors of Shafee group?

Your answer must be confined in two to three lines. Avoid including extra material for answering. Just provide to the point answer for requirements.

Instructions:

Read the following instructions before giving your comments on GDB:

Use the font style “Times New Roman” and font size “12”.
Your answer should be relevant to the topic i.e. clear and concise.
Do not copy or exchange your answer with other students. Two identical / copied comments will be marked Zero (0) and may damage your grade in the course.
Books, websites and other reading material may be consulted before posting your comments but copying or reproducing the text from books, websites and other reading materials is strictly prohibited. Such comments will be marked as Zero (0).
Obnoxious or ignoble answer should be strictly avoided.

If anyone know then upload your answer as soon as possible . . .

ACC311 Fundamentals of Auditing Current Mid Term Papers May 2011

total question 27
MCQz 22
3 questions of 3 marks
2 questions of 5 marks
MCQz was bit confusing
disqualifications of an auditor ?section 253
if you hired by a government bank as an auditor what you do for permot bank's credibility?
what is audit process and what is its importance?
audit risk assessment

ACC311 GDB#02 Solution & Discussion Spring 2011

Mr. Sajid has recently completed his Chartered accountancy degree and now he is eligibleto be appointed as an external auditor by any firm. During his learning period he learnedthe following concepts regarding reviewing the internal control system of acompany as:

1. Internal control also exists in small organizations.

2. ICQ (Internal Control Questionnaire) and flow charts are types of internalcontrol system.

3. Internal control means a procedure to control the accountingmethodology as well as taking into consideration other control as well.

4. Audit planning affects the internal control system.

Required:

Analyze the above mentioned statements and give your opinion whether these statements areright or wrong.Just provide your answer as True or False in the given pattern:

1. -----True--------- (True / False)

2. -----True--------- (True / False)

3. -----False--------- (True / False)

4. -----False---------- (True / False)