Académique Documents
Professionnel Documents
Culture Documents
(CRIME) (1) Control activities; (2) Risk assessment; (3) Information and
communication; (4) Monitoring; (5) control Environment
How is the control Environment component of COSO framework often
PHRASED?
"tone at the top" (PHRASED) (1) Philosophy and operating style of
management; (2) Human resources; (3) Reporting (financial)
competencies; (4) Authority and responsibility; (5) Structure
(organizational); (6) Ethical values (and integrity); (7) Directors
What are the four categories of enterprise objectives under ERM?
(SORC) (1) Strategic; (2) Operations; (3) Reporting; (4) Compliance
What are the components of ERM?
(IS EAR AIM) (1) Internal environment; (2) Setting objectives; (3) Event
identification; (4) Assessment of risk; (5) Risk response; (6) Activities;
(7) Information and communication; (8) Monitoring
What is prime cost?
Direct labor + direct material
What is conversion cost?
Direct labor + manufacturing overhead
How do you calculate real GDP with multiplier effect?
Multiplier = 1/(1-MPC); change in real GDP= Multiplier x change in
spending;
How do you calculate GDP with the expenditure approach?