Describe a three-way match.

Q: Describe the three steps of the high-low method.

A:

Q: What is breakeven analysis? Give three examples?

A: Breakeven analysis is an analysis method to derive the point of sales where the contribution…

Q: Describe the three different methods to illustrate the Equivalence Calculations?

A: Three different methods that illustrate the Equivalence calculations are shown below: Single…

Q: Define three forms of EMH

A: Following are the three forms of EMH: Weak Form EMH: Recommends estimating all prior knowledge is…

Q: Why are some analyses called horizontal and others calledvertical?

A: In order to identify the reason behind that some analyses are called horizontal and others are…

Q: The  Algebraic/reciprocal method

A: Lets understand the basics. There are various method through which service department costs gets…

Q: Describe the approaches for Comparing Defender and Challenger?

A: The following are the approaches for comparing defender and challenger: Cash flow approach: Treat…

Q: What is Single stage-Two envelopes procedure and Two stage-Two envelopes procedure?

A: When a company wants to auction its product or assets to other party for the purpose of obtaining…

Q: What is the owner's draw? Give three examples?

A: Owner’s draw: Person one who withdraws money or goods from his own business for his /her personal…

Q: Identify the three ways to determine the break-even point in example.

A: Break even point refers to that volume of operation where, there is no profit or loss to an…

Q: What are the differences among the three forms of the EMH?

A: EMH refers to efficient market hypothesis.  The differences among the three forms of the EMH are:

Q: Explain horizontal and vertical analysis and when you would use one over the other.

A: While assessing financial performance of a company, we can\\'t just look at the company\\'s…

Q: State any three(3) statements with why the Last in First out (LIFO) has an edge over First in First…

A: LIFO, Last-In-First-Out is a inventory valuation method used to value inventories. As per the…

Q: What are the four basic steps involved in the execution of a nenemergency change order?

A: The change order is the order in which the specifications of particular material are changed or the…

Q: What is a three-way match? Give an example?

A: Three-way Match: The verification of the purchase transaction by the accounts payable department is…

Q: What are the four perspectives of the balanced scorecard? Briefly describe each.

A: Four perspectives of the balanced scorecard are: 1) Financial perspective: It is a financial…

Q: One should be aware of which four basic components of the compounding problem?

A: The four basic components for solving a compounding problem are given below: Principal Amount…

Q: What are the four types of Tiebout competition?

A: Tiebout competition is also known as a hypothesis, Tiebout expenditures (1956). The essence of the…

Q: What are the three steps of controlling?

A: Introduction: Controlling is referred as terminal management function because it takes place after…

Q: What is the three-step process of controlling?

A: Introduction: Controlling is referred as terminal management function because it takes place after…

Q: Do equivalence calculations require a common time basis for comparison?

A: Answer: The calculation of equivalence method is used where duration of the projects is not equal.…

Q: Think of two [ of your ] real life examples about matching principle

A: The question is related to Matching Concept. In matching concept all expenses matched with revenue…

Q: What are intracompany comparisons? What are intercompany comparisons? How do they differ?

A: The examination of two or more procedures, papers, benchmark datasets, or other items is referred to…

Q: When you have more than two mutually exclusive alternatives, how can they be compared in pairs?

A: Mutually exclusive alternatives are those in which we can select only one out of various…

Q: What is horizontal merger?

A: Introduction: The merger is described as the mechanism by which one corporate entity merges its…

Q: what are the four perspectives of a balancerd score card explain with examples

A: Balanced scorecard (BSC) is performance measurement tool which is widely used by the different…

Audit Procedures

Audit Procedures are methods and techniques performed by the auditor to determine the quality of financial information of clients, thereby expressing an opinion on true & fair view of financial statements and entity position. They are identified and applied at the planning stage of audit after determining audit objectives, scope, approach, and risk assessment.