Effects of Inventory errors Seshavradhanr Rao Maramraj ACC 539 Week 2 August 10 2008 Effects of Inventory errors A. The ending inventory reported in 2002was overstated by $ 23‚500 for merchandise that Kirk’s Servistar hold on consignment. Therefore‚ the ending inventory in 2002 is $ 91400-$ 23‚500 = $ 67‚900 and the beginning inventory in 2003 is $ 67‚900. The correction of the 2002 and 2003 income statement is | | |2003
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Error Identification (10 marks) The following text has 10 errors (excluding the example). In the space provided‚ write down the line number against each error and give the correct answer. Do not copy the text. Example: Line Error Correction 1 are is 1 General Steel is one of the most recognized name in the international steel building industry. In addition to being able to supply quality steel buildings anywhere in the United States‚ General Steel have provided customers
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Introduction For each error‚ describe to a recently hired bookkeeper how it would be shown on a cash reconciliation. Given the following errors: ∑ The bank recorded a deposit of $200 as $2‚000. ∑ The company’s bookkeeper mistakenly recorded a deposit of $530 as $350. ∑ The company’s bookkeeper mistakenly recorded a payment of $250 received from a customer as $25 on the bank deposit slip. The bank caught the error and made the deposit for the correct amount. ∑ The bank
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XBLR Error Study Keisha McDonnough Florida Atlantic University ACG 4401 Instructor Renee de Roche June 7‚ 2012 Extensible Business Reporting Language (XBRL) is a standards- based language that facilitates the interchange of interactive financial information via electronic communication.(FFIEC‚ 2006). The idea behind XBRL is straightforward- a digitized version of the text of the financial statement. XBRL treats specific identifiable information in a financial statement as an individual
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to ensure that the provider is properly reimbursed for their services. In the pursuit of this goal‚ errors‚ both human and electronic‚ are unfortunately unavoidable. Since the process of medical billing involves two incredibly important elements (namely‚ health and money)‚ it’s important to reduce as many of these errors as possible.” (para 1). Thus‚ it can assist with prevention of simple errors like incorrect patient information‚ incorrect coding‚ incorrect provider information‚ mismatched medical
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Shakespeare’s The Comedy of Errors The Comedy of Errors was Shakespeare’s first comedy. It is a light yet dramatic play about a family of twins‚ their parents‚ and their twin servants‚ who have been separated for over twenty years due to a tragic accident at sea. The story‚ following the usual format of Shakespeare’s work occurs and is concluded all in one day. The twins run into each other the whole day through and are mistaken for each other more than once. This confusion makes the tragedy
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Memory and Human Error Abstract The concept of human memory is yet to be completely understood with scientists still disputing the many theories and models. Undoubtedly‚ it is impossible to rule out human error completely; however‚ by adopting appropriate procedures the probability of errors can be minimized. This essay investigates the scientific studies of human memory and how empirical findings can be implemented to reduce human error at work. This paper arrives at the conclusion that four
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Medication errors occur often in the nursing field. “A medication error is defined as a failure in the treatment process that leads to‚ or has the potential to lead to‚ harm to the patient.” [(Aronson‚ Medication Errors.)] Nurses make unfortunate mistakes everyday . “According to a April 7 report in Health Affairs‚ medical errors now cost our over-burdened health care system over $17.1 billion dollars a year; the cost of avoidable hospital readmissions adds another $13 to $18 billion dollars a
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Education Review‚ ISSN1548-6613‚ USA Error analysis and the EFL classroom teaching XIE Fang‚ JIANG Xue-mei (College of Foreign Languages‚ Liaoning Normal University‚ Dalian Liaoning 116029‚ China) Abstract: This paper makes a study of error analysis and its implementation in the EFL (English as Foreign Language) classroom teaching. It starts by giving a systematic review of the concepts and theories concerning EA (Error Analysis)‚ the various reasons causing errors are comprehensively explored. The
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After specifying the inclusion criteria of “clinical documentation‚” “documentation errors‚” and “physicians” as well as the exclusion criteria of “nursing‚” the final number of articles included were 15. The articles reviewed clinical documentation process and strategies along with the impact of documentation errors made by physicians. A summary of the articles can be seen below in Table 1. Documentation Errors and Financial Correlations: Zhang et al. (2013)‚ copy and pasting within electronic
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