Completing the Tests in the Sales and Collection Cycle ...

May 24, 2013

250 likes | 524 Views

Share Presentation

Embed Code

Link

Rita

Download Presentation

Completing the Tests in the Sales and Collection Cycle ...

An Image/Link below is provided (as is) to download presentation Download Policy: Content on the Website is provided to you AS IS for your information and personal use and may not be sold / licensed / shared on other websites without getting consent from its author. Content is provided to you AS IS for your information and personal use only. Download presentation by click this link. While downloading, if for some reason you are not able to download a presentation, the publisher may have deleted the file from their server. During download, if you can't get a presentation, the file might be deleted by the publisher.

E N D

Presentation Transcript

Audit of the Sales and Collection Cycle: Tests of Controls and Substantive Tests of Transactions

Audit of the Sales and Collection Cycle: Tests of Controls and Substantive Tests of Transactions. Chapter 14. Learning Objective 1. Identify the accounts and the classes of transactions in the sales and collection cycle. Accounts in the Sales and Collection Cycle. Sales. Cash in Bank.

932 views • 39 slides

Audit of the Sales and Collection Cycle

Audit of the Sales and Collection Cycle Chapter 14 Learning Objective 1 Identify the accounts and the classes of transactions in the sales and collection cycle. Accounts in the Sales and Collection Cycle Sales Cash sales Sales on account Cash in Bank Cash Discounts Taken

1.27k views • 28 slides

Completing the Tests in the Sales and Collection Cycle: Accounts Receivable

Completing the Tests in the Sales and Collection Cycle: Accounts Receivable Chapter 15 Accounts Receivable Balance-Related Audit Objectives Detail tie-in Accuracy Realizable value Existence Classification Rights and obligations Completeness Cutoff Presentation and disclosure

1.51k views • 24 slides

Completing the Accounting Cycle

0 4 Completing the Accounting Cycle 0 After studying this chapter, you should be able to: Describe the flow of accounting information from the unadjusted trial balance into the adjusted trial balance and financial statements. Prepare financial statements from adjusted account balances.

1.38k views • 78 slides

Completing the Tests in the Sales and Collection Cycle: Accounts Receivable

Completing the Tests in the Sales and Collection Cycle: Accounts Receivable Chapter 16 Learning Objective 1 Describe the methodology for designing tests of details of balances using the audit risk model. Accounts Receivable Balance-Related Audit Objectives Detail tie-in Accuracy

942 views • 31 slides

Completing the Tests in the Sales and Collection Cycle: Accounts Receivable

Completing the Tests in the Sales and Collection Cycle: Accounts Receivable. Chapter 16. Learning Objective 1. Describe the methodology for designing tests of details of balances using the audit risk model. Accounts Receivable Balance-Related Audit Objectives. Detail tie-in. Existence.

798 views • 38 slides

Audit of the Sales and Collection Cycle: Tests of Controls and Substantive Tests of Transactions

Audit of the Sales and Collection Cycle: Tests of Controls and Substantive Tests of Transactions. Chapter 14. Sales. Cash in Bank. Cash sales. Accounts Receivable. Cash Discounts Taken. Sales on account. Beginning balance. Cash receipts. Sales on account. Sales returns

2.57k views • 37 slides

Audit of the Sales and Collection Cycle

Audit of the Sales and Collection Cycle. Chapter 13. Learning Objective 1. Identify the accounts and the classes of transactions in the sales and collection cycle. Accounts in the Sales and Collection Cycle. Sales Cash sales Sales on account. Cash in Bank. Cash Discounts

680 views • 43 slides

Chapter 16 Completing the Tests in the Sales and Collection Cycle Accounts Receivable

Chapter 16 Completing the Tests in the Sales and Collection Cycle Accounts Receivable. The introduction. … a new system for sales transactions had been implemented Susan’s substantive tests of transactions identified misstatements. Analytical Procedures - Planning.

1.28k views • 75 slides

Completing the Tests in the Sales and Collection Cycle: Accounts Receivable

943 views • 34 slides

Completing the Tests in the Sales and Collection Cycle: Accounts Receivable

873 views • 34 slides

Audit of the Sales and Collection Cycle

Audit of the Sales and Collection Cycle. Chapter 11. Learning Objective 1. Identify the accounts and the classes of transactions in the sales and collection cycle. Sales Cash sales Sales on account. Cash in Bank. Cash Discounts Taken. Accounts Receivable

663 views • 36 slides

Chapter 14: Audit of the Sales and Collection Cycle: Tests of Controls

Chapter 14: Audit of the Sales and Collection Cycle: Tests of Controls. Typical Transactions in the Sales and Collection Cycle. Five major classes of Transactions: Sales Cash receipts Sales returns and allowances The write-off of uncollectible accounts Bad-debt expense.

2k views • 62 slides

CHAPTER 12 Audit of the Sales and Collection Cycle: Tests of Controls

CHAPTER 12 Audit of the Sales and Collection Cycle: Tests of Controls. What accounts are typically involved in the sales and collection cycle?. What accounts are typically involved in the sales and collection cycle?. - sales - sales returns and allowances - bad debt expense

823 views • 64 slides

Chapter 16 Completing the Tests in the Sales and Collection Cycle Accounts Receivable

Chapter 16 Completing the Tests in the Sales and Collection Cycle Accounts Receivable. The introduction. … she discovered that a new real-time system for processing sales transactions had been implemented Susan’s substantive tests of transactions identified misstatements.

1.05k views • 71 slides

Audit of the Sales and Collection Cycle

Audit of the Sales and Collection Cycle. Chapter 14. Learning Objective 1. Identify the accounts and the classes of transactions in the sales and collection cycle. Accounts in the Sales and Collection Cycle. Sales Cash sales Sales on account. Cash in Bank. Cash Discounts

612 views • 28 slides

Completing the Tests in the Sales and Collection Cycle: Accounts Receivable

556 views • 31 slides

Completing the Tests in the Sales and Collection Cycle: Accounts Receivable

Completing the Tests in the Sales and Collection Cycle: Accounts Receivable. Chapter 15. Learning Objective 1. Describe the methodology for designing tests of details of balances using the audit risk model. Accounts Receivable Balance-Related Audit Objectives. Detail tie-in. Accuracy.

646 views • 35 slides

Audit of the Sales and Collection Cycle: Tests of Controls and Substantive Tests of Transactions

Audit of the Sales and Collection Cycle: Tests of Controls and Substantive Tests of Transactions. Chapter 14. Learning Objective 1. Identify the accounts and the classes of transactions in the sales and collection cycle. Sales. Cash in Bank. Cash sales. Accounts Receivable.

699 views • 44 slides

Completing the Tests in the Sales and Collection Cycle: Accounts Receivable

Completing the Tests in the Sales and Collection Cycle: Accounts Receivable. Designing Tests of Details of Balances. Audit Risk Model Has to integrated with the design of tests Thus need to consider Inherent risk

523 views • 43 slides

Completing the Tests in the Sales and Collection Cycle: Accounts Receivable

Completing the Tests in the Sales and Collection Cycle: Accounts Receivable. Designing Tests of Details of Balances. Audit Risk Model Thus need to consider Inherent risk the risk that the account, disclosure or financial statement note being is materially misstated Control risk

444 views • 41 slides

Audit of the Sales and Collection Cycle: Tests of Controls and Substantive Tests of Transactions

729 views • 38 slides

More Related