SlideShare uma empresa Scribd logo

14-30 (Substantive tests of accounts receivable) The following situati.docx

•Transferir como DOCX, PDF•
•
T
todd991

14-30 (Substantive tests of accounts receivable) The following situations were not discovered by an inexperienced staff auditor in the audit of the Parson Company. 1. Several accounts were incorrectly aged in the client Solution 1. Several accounts were incorrectly aged in the client\'s aging schedule. Procedures: Compare age% to prior year AR -Analytical procedures. Assertion: cutoff, Valuation and allocation. 2. The accounts receivable turnover ratio was far below expected results. Procedure: AR analytical test: AR/AP, AR turnover,etc.-Analytical procedures. Assertion:Completeness, cutoff. 3. Goods billed were not shipped. Procedure: Cutoff test of billing-test the last month invoices. Vouching to the shipping doc.-Inspection of records. Assertion: Occurrence, cutoff. 4. Some year-end sales were recorded in the wrong accounting period. Procedure: cut off test of billing-test invoices billed subsequent to year end.-Inspection of records assertion:Completeness, cutoff 5. Several sales were posted for the correct amount but to the wrong customers in the accounts receivable ledger. Procedure: Confirmation of billings-Confirmation Assertion: Occurrence. 6. The allowance for uncollectable accounts was understated. Procedures: Test the ratio of allowance to old AR and compare to PY. -Analytical procedures. Assertion:Valuation and allocation 7. Several sales were entered and posted at incorrect amounts. Procedures: Confirmation of AR. -Confirmation Assertion: Accuracy and valuation 8. Mathematical errors were made in totaling the accounts receivable ledger. Procedures: Foot AR aging.-Recalculation Assertion: Accuracy and valuation 9. An unrecorded sale at the balance sheet date was collected in the next month. Procedure: Post subsequent cash to AR balance at YE. Reperformance. records. Assertion: Completeness, cutoff. 10. Several fictitious sales were recorded. Procedure: Confirm customer balance.-Confirmation. assertion: Occrrence. 11. The pledging of some customer accounts as security for a loan was not reported in the balance sheet. Procedure: Review security agreements.-Inspection of record. Assertion: Occurrence and rights and obligations. 12. Some year-end cash receipts were recorded in the wrong accounting period. Procedure: cash cutoff testing.-Inspectionof record. Assertion: cutoff, occurrence, completeness. .

Educação
1 de 3
14-30 (Substantive tests of accounts receivable) The following situations were not discovered by an inexperienced staff auditor in the audit of the Parson Company. 1. Several accounts were incorrectly aged in the client Solution 1. Several accounts were incorrectly aged in the client's aging schedule. Procedures: Compare age% to prior year AR -Analytical procedures. Assertion: cutoff, Valuation and allocation. 2. The accounts receivable turnover ratio was far below expected results. Procedure: AR analytical test: AR/AP, AR turnover,etc.-Analytical procedures. Assertion:Completeness, cutoff. 3. Goods billed were not shipped. Procedure: Cutoff test of billing-test the last month invoices. Vouching to the shipping doc.- Inspection of records. Assertion: Occurrence, cutoff. 4. Some year-end sales were recorded in the wrong accounting period. Procedure: cut off test of billing-test invoices billed subsequent to year end.-Inspection of records assertion:Completeness, cutoff 5. Several sales were posted for the correct amount but to the wrong customers in the accounts receivable ledger. Procedure: Confirmation of billings-Confirmation Assertion: Occurrence.
6. The allowance for uncollectable accounts was understated. Procedures: Test the ratio of allowance to old AR and compare to PY. -Analytical procedures. Assertion:Valuation and allocation 7. Several sales were entered and posted at incorrect amounts. Procedures: Confirmation of AR. -Confirmation Assertion: Accuracy and valuation 8. Mathematical errors were made in totaling the accounts receivable ledger. Procedures: Foot AR aging.-Recalculation Assertion: Accuracy and valuation 9. An unrecorded sale at the balance sheet date was collected in the next month. Procedure: Post subsequent cash to AR balance at YE. Reperformance. records. Assertion: Completeness, cutoff. 10. Several fictitious sales were recorded. Procedure: Confirm customer balance.-Confirmation. assertion: Occrrence. 11. The pledging of some customer accounts as security for a loan was not reported in the balance sheet. Procedure: Review security agreements.-Inspection of record. Assertion: Occurrence and rights and obligations. 12. Some year-end cash receipts were recorded in the wrong accounting period. Procedure: cash cutoff testing.-Inspectionof record. Assertion: cutoff, occurrence, completeness.
14-30 (Substantive tests of accounts receivable) The following situati.docx

Recomendados

Assertions in the Audit of Financial Statements (Audit)
Assertions in the Audit of Financial Statements (Audit)Assertions in the Audit of Financial Statements (Audit)
Assertions in the Audit of Financial Statements (Audit)Artless Shakhawat
 
Topic 8 audit of revenue & receipts cycle + acc receivable (1)
Topic 8 audit of revenue & receipts cycle + acc receivable (1)Topic 8 audit of revenue & receipts cycle + acc receivable (1)
Topic 8 audit of revenue & receipts cycle + acc receivable (1)sakura rena
 
Task 5 payables audit programme_v2
Task 5 payables audit programme_v2Task 5 payables audit programme_v2
Task 5 payables audit programme_v2AndreaAdanza107
 
Chapter 3
Chapter 3Chapter 3
Chapter 3Nur Dalila Zamri
 
Ap 15 accounts receivable and sales
Ap 15 accounts receivable and salesAp 15 accounts receivable and sales
Ap 15 accounts receivable and salesMacmilan Jamu ACCA, MBA Student
 
ACC 490 Week 4 LT Assignment Apollo Shoes Case Assignment 2015 version
ACC 490 Week 4 LT Assignment Apollo Shoes Case Assignment 2015 versionACC 490 Week 4 LT Assignment Apollo Shoes Case Assignment 2015 version
ACC 490 Week 4 LT Assignment Apollo Shoes Case Assignment 2015 versioncorabelladumouchel
 
ACC 490 Week 4 LT Assignment Apollo Shoes Case Assignment 2015 version
ACC 490 Week 4 LT Assignment Apollo Shoes Case Assignment 2015 versionACC 490 Week 4 LT Assignment Apollo Shoes Case Assignment 2015 version
ACC 490 Week 4 LT Assignment Apollo Shoes Case Assignment 2015 versioncorabelladumouchel
 
ACC 490 Week 4 LT Assignment Apollo Shoes Case Assignment 2015 version
ACC 490 Week 4 LT Assignment Apollo Shoes Case Assignment 2015 versionACC 490 Week 4 LT Assignment Apollo Shoes Case Assignment 2015 version
ACC 490 Week 4 LT Assignment Apollo Shoes Case Assignment 2015 versionplasketholli
 

Recomendados

Assertions in the Audit of Financial Statements (Audit)
Assertions in the Audit of Financial Statements (Audit)Assertions in the Audit of Financial Statements (Audit)
Assertions in the Audit of Financial Statements (Audit)Artless Shakhawat
 
Topic 8 audit of revenue & receipts cycle + acc receivable (1)
Topic 8 audit of revenue & receipts cycle + acc receivable (1)Topic 8 audit of revenue & receipts cycle + acc receivable (1)
Topic 8 audit of revenue & receipts cycle + acc receivable (1)sakura rena
 
Task 5 payables audit programme_v2
Task 5 payables audit programme_v2Task 5 payables audit programme_v2
Task 5 payables audit programme_v2AndreaAdanza107
 
Chapter 3
Chapter 3Chapter 3
Chapter 3Nur Dalila Zamri
 
Ap 15 accounts receivable and sales
Ap 15 accounts receivable and salesAp 15 accounts receivable and sales
Ap 15 accounts receivable and salesMacmilan Jamu ACCA, MBA Student
 
ACC 490 Week 4 LT Assignment Apollo Shoes Case Assignment 2015 version
ACC 490 Week 4 LT Assignment Apollo Shoes Case Assignment 2015 versionACC 490 Week 4 LT Assignment Apollo Shoes Case Assignment 2015 version
ACC 490 Week 4 LT Assignment Apollo Shoes Case Assignment 2015 versioncorabelladumouchel
 
ACC 490 Week 4 LT Assignment Apollo Shoes Case Assignment 2015 version
ACC 490 Week 4 LT Assignment Apollo Shoes Case Assignment 2015 versionACC 490 Week 4 LT Assignment Apollo Shoes Case Assignment 2015 version
ACC 490 Week 4 LT Assignment Apollo Shoes Case Assignment 2015 versioncorabelladumouchel
 
ACC 490 Week 4 LT Assignment Apollo Shoes Case Assignment 2015 version
ACC 490 Week 4 LT Assignment Apollo Shoes Case Assignment 2015 versionACC 490 Week 4 LT Assignment Apollo Shoes Case Assignment 2015 version
ACC 490 Week 4 LT Assignment Apollo Shoes Case Assignment 2015 versionplasketholli
 
ACC 490 Week 4 LT Assignment Apollo Shoes Case Assignment 2015 version
ACC 490 Week 4 LT Assignment Apollo Shoes Case Assignment 2015 versionACC 490 Week 4 LT Assignment Apollo Shoes Case Assignment 2015 version
ACC 490 Week 4 LT Assignment Apollo Shoes Case Assignment 2015 versioncatrinasrednicki
 
ACC 490 Week 4 LT Assignment Apollo Shoes Case Assignment 2015 version
ACC 490 Week 4 LT Assignment Apollo Shoes Case Assignment 2015 versionACC 490 Week 4 LT Assignment Apollo Shoes Case Assignment 2015 version
ACC 490 Week 4 LT Assignment Apollo Shoes Case Assignment 2015 versionplasketholli
 
ACC 490 Week 4 LT Assignment Apollo Shoes Case Assignment 2015 version
ACC 490 Week 4 LT Assignment Apollo Shoes Case Assignment 2015 versionACC 490 Week 4 LT Assignment Apollo Shoes Case Assignment 2015 version
ACC 490 Week 4 LT Assignment Apollo Shoes Case Assignment 2015 versioncorabelladumouchel
 
ACC 490 Week 4 LT Assignment Apollo Shoes Case Assignment 2015 version
ACC 490 Week 4 LT Assignment Apollo Shoes Case Assignment 2015 versionACC 490 Week 4 LT Assignment Apollo Shoes Case Assignment 2015 version
ACC 490 Week 4 LT Assignment Apollo Shoes Case Assignment 2015 versioncorabelladumouchel
 
ACC 490 Week 4 LT Assignment Apollo Shoes Case Assignment 2015 version
ACC 490 Week 4 LT Assignment Apollo Shoes Case Assignment 2015 versionACC 490 Week 4 LT Assignment Apollo Shoes Case Assignment 2015 version
ACC 490 Week 4 LT Assignment Apollo Shoes Case Assignment 2015 versionplasketholli
 
ACC 490 Week 4 LT Assignment Apollo Shoes Case Assignment 2015 version
ACC 490 Week 4 LT Assignment Apollo Shoes Case Assignment 2015 versionACC 490 Week 4 LT Assignment Apollo Shoes Case Assignment 2015 version
ACC 490 Week 4 LT Assignment Apollo Shoes Case Assignment 2015 versionplasketholli
 
ACC 490 Week 4 LT Assignment Apollo Shoes Case Assignment 2015 version
ACC 490 Week 4 LT Assignment Apollo Shoes Case Assignment 2015 versionACC 490 Week 4 LT Assignment Apollo Shoes Case Assignment 2015 version
ACC 490 Week 4 LT Assignment Apollo Shoes Case Assignment 2015 versioncorabelladumouchel
 
ACC 490 Week 4 LT Assignment Apollo Shoes Case Assignment 2015 version
ACC 490 Week 4 LT Assignment Apollo Shoes Case Assignment 2015 versionACC 490 Week 4 LT Assignment Apollo Shoes Case Assignment 2015 version
ACC 490 Week 4 LT Assignment Apollo Shoes Case Assignment 2015 versioncorabelladumouchel
 
ACC 490 Week 4 LT Assignment Apollo Shoes Case Assignment 2015 version
ACC 490 Week 4 LT Assignment Apollo Shoes Case Assignment 2015 versionACC 490 Week 4 LT Assignment Apollo Shoes Case Assignment 2015 version
ACC 490 Week 4 LT Assignment Apollo Shoes Case Assignment 2015 versionplasketholli
 
ACC 490 Week 4 LT Assignment Apollo Shoes Case Assignment 2015 version
ACC 490 Week 4 LT Assignment Apollo Shoes Case Assignment 2015 versionACC 490 Week 4 LT Assignment Apollo Shoes Case Assignment 2015 version
ACC 490 Week 4 LT Assignment Apollo Shoes Case Assignment 2015 versionplasketholli
 
ACC 490 Week 4 LT Assignment Apollo Shoes Case Assignment 2015 version
ACC 490 Week 4 LT Assignment Apollo Shoes Case Assignment 2015 versionACC 490 Week 4 LT Assignment Apollo Shoes Case Assignment 2015 version
ACC 490 Week 4 LT Assignment Apollo Shoes Case Assignment 2015 versionplasketholli
 
ACC 490 Week 4 LT Assignment Apollo Shoes Case Assignment 2015 version
ACC 490 Week 4 LT Assignment Apollo Shoes Case Assignment 2015 versionACC 490 Week 4 LT Assignment Apollo Shoes Case Assignment 2015 version
ACC 490 Week 4 LT Assignment Apollo Shoes Case Assignment 2015 versionplasketholli
 
Final visit receivables
Final visit receivablesFinal visit receivables
Final visit receivablesJeamsVidal
 
1
11
1TAHIRNASIR12
 
Revenues, Receivables and Receipts (1).pptx
Revenues, Receivables and Receipts (1).pptxRevenues, Receivables and Receipts (1).pptx
Revenues, Receivables and Receipts (1).pptxBasitQureshi14
 
Final visit payables
Final visit payablesFinal visit payables
Final visit payablesJeamsVidal
 
STOCK AND BOOK DEBT AUDIT.pptx
STOCK AND BOOK DEBT AUDIT.pptxSTOCK AND BOOK DEBT AUDIT.pptx
STOCK AND BOOK DEBT AUDIT.pptxCAVEDPRAKASHPALIWAL
 
STOCK AND BOOK DEBT AUDIT.pptx
STOCK AND BOOK DEBT AUDIT.pptxSTOCK AND BOOK DEBT AUDIT.pptx
STOCK AND BOOK DEBT AUDIT.pptxCAVEDPRAKASHPALIWAL
 
Identify the type of evidence for each procedure Procedure Type of Evi.docx
Identify the type of evidence for each procedure Procedure Type of Evi.docxIdentify the type of evidence for each procedure Procedure Type of Evi.docx
Identify the type of evidence for each procedure Procedure Type of Evi.docxMaxd78Pipero
 
For each one.docx
For each one.docxFor each one.docx
For each one.docxibrahimhorato
 
14- Which of the following is the correct name for NalICO- A- Sodiuns.docx
14- Which of the following is the correct name for NalICO- A- Sodiuns.docx14- Which of the following is the correct name for NalICO- A- Sodiuns.docx
14- Which of the following is the correct name for NalICO- A- Sodiuns.docxtodd991
 
14 Income tax is estimated at 40- of income- What factors other than e.docx
14 Income tax is estimated at 40- of income- What factors other than e.docx14 Income tax is estimated at 40- of income- What factors other than e.docx
14 Income tax is estimated at 40- of income- What factors other than e.docxtodd991
 

Mais conteúdo relacionado

Semelhante a 14-30 (Substantive tests of accounts receivable) The following situati.docx

ACC 490 Week 4 LT Assignment Apollo Shoes Case Assignment 2015 version
ACC 490 Week 4 LT Assignment Apollo Shoes Case Assignment 2015 versionACC 490 Week 4 LT Assignment Apollo Shoes Case Assignment 2015 version
ACC 490 Week 4 LT Assignment Apollo Shoes Case Assignment 2015 versioncatrinasrednicki
 
ACC 490 Week 4 LT Assignment Apollo Shoes Case Assignment 2015 version
ACC 490 Week 4 LT Assignment Apollo Shoes Case Assignment 2015 versionACC 490 Week 4 LT Assignment Apollo Shoes Case Assignment 2015 version
ACC 490 Week 4 LT Assignment Apollo Shoes Case Assignment 2015 versionplasketholli
 
ACC 490 Week 4 LT Assignment Apollo Shoes Case Assignment 2015 version
ACC 490 Week 4 LT Assignment Apollo Shoes Case Assignment 2015 versionACC 490 Week 4 LT Assignment Apollo Shoes Case Assignment 2015 version
ACC 490 Week 4 LT Assignment Apollo Shoes Case Assignment 2015 versioncorabelladumouchel
 
ACC 490 Week 4 LT Assignment Apollo Shoes Case Assignment 2015 version
ACC 490 Week 4 LT Assignment Apollo Shoes Case Assignment 2015 versionACC 490 Week 4 LT Assignment Apollo Shoes Case Assignment 2015 version
ACC 490 Week 4 LT Assignment Apollo Shoes Case Assignment 2015 versioncorabelladumouchel
 
ACC 490 Week 4 LT Assignment Apollo Shoes Case Assignment 2015 version
ACC 490 Week 4 LT Assignment Apollo Shoes Case Assignment 2015 versionACC 490 Week 4 LT Assignment Apollo Shoes Case Assignment 2015 version
ACC 490 Week 4 LT Assignment Apollo Shoes Case Assignment 2015 versionplasketholli
 
ACC 490 Week 4 LT Assignment Apollo Shoes Case Assignment 2015 version
ACC 490 Week 4 LT Assignment Apollo Shoes Case Assignment 2015 versionACC 490 Week 4 LT Assignment Apollo Shoes Case Assignment 2015 version
ACC 490 Week 4 LT Assignment Apollo Shoes Case Assignment 2015 versionplasketholli
 
ACC 490 Week 4 LT Assignment Apollo Shoes Case Assignment 2015 version
ACC 490 Week 4 LT Assignment Apollo Shoes Case Assignment 2015 versionACC 490 Week 4 LT Assignment Apollo Shoes Case Assignment 2015 version
ACC 490 Week 4 LT Assignment Apollo Shoes Case Assignment 2015 versioncorabelladumouchel
 
ACC 490 Week 4 LT Assignment Apollo Shoes Case Assignment 2015 version
ACC 490 Week 4 LT Assignment Apollo Shoes Case Assignment 2015 versionACC 490 Week 4 LT Assignment Apollo Shoes Case Assignment 2015 version
ACC 490 Week 4 LT Assignment Apollo Shoes Case Assignment 2015 versioncorabelladumouchel
 
ACC 490 Week 4 LT Assignment Apollo Shoes Case Assignment 2015 version
ACC 490 Week 4 LT Assignment Apollo Shoes Case Assignment 2015 versionACC 490 Week 4 LT Assignment Apollo Shoes Case Assignment 2015 version
ACC 490 Week 4 LT Assignment Apollo Shoes Case Assignment 2015 versionplasketholli
 
ACC 490 Week 4 LT Assignment Apollo Shoes Case Assignment 2015 version
ACC 490 Week 4 LT Assignment Apollo Shoes Case Assignment 2015 versionACC 490 Week 4 LT Assignment Apollo Shoes Case Assignment 2015 version
ACC 490 Week 4 LT Assignment Apollo Shoes Case Assignment 2015 versionplasketholli
 
ACC 490 Week 4 LT Assignment Apollo Shoes Case Assignment 2015 version
ACC 490 Week 4 LT Assignment Apollo Shoes Case Assignment 2015 versionACC 490 Week 4 LT Assignment Apollo Shoes Case Assignment 2015 version
ACC 490 Week 4 LT Assignment Apollo Shoes Case Assignment 2015 versionplasketholli
 
ACC 490 Week 4 LT Assignment Apollo Shoes Case Assignment 2015 version
ACC 490 Week 4 LT Assignment Apollo Shoes Case Assignment 2015 versionACC 490 Week 4 LT Assignment Apollo Shoes Case Assignment 2015 version
ACC 490 Week 4 LT Assignment Apollo Shoes Case Assignment 2015 versionplasketholli
 
Final visit receivables
Final visit receivablesFinal visit receivables
Final visit receivablesJeamsVidal
 
Revenues, Receivables and Receipts (1).pptx
Revenues, Receivables and Receipts (1).pptxRevenues, Receivables and Receipts (1).pptx
Revenues, Receivables and Receipts (1).pptxBasitQureshi14
 
Final visit payables
Final visit payablesFinal visit payables
Final visit payablesJeamsVidal
 
Identify the type of evidence for each procedure Procedure Type of Evi.docx
Identify the type of evidence for each procedure Procedure Type of Evi.docxIdentify the type of evidence for each procedure Procedure Type of Evi.docx
Identify the type of evidence for each procedure Procedure Type of Evi.docxMaxd78Pipero
 

Semelhante a 14-30 (Substantive tests of accounts receivable) The following situati.docx (20)

ACC 490 Week 4 LT Assignment Apollo Shoes Case Assignment 2015 version
ACC 490 Week 4 LT Assignment Apollo Shoes Case Assignment 2015 versionACC 490 Week 4 LT Assignment Apollo Shoes Case Assignment 2015 version
ACC 490 Week 4 LT Assignment Apollo Shoes Case Assignment 2015 version
 
ACC 490 Week 4 LT Assignment Apollo Shoes Case Assignment 2015 version
ACC 490 Week 4 LT Assignment Apollo Shoes Case Assignment 2015 versionACC 490 Week 4 LT Assignment Apollo Shoes Case Assignment 2015 version
ACC 490 Week 4 LT Assignment Apollo Shoes Case Assignment 2015 version
 
ACC 490 Week 4 LT Assignment Apollo Shoes Case Assignment 2015 version
ACC 490 Week 4 LT Assignment Apollo Shoes Case Assignment 2015 versionACC 490 Week 4 LT Assignment Apollo Shoes Case Assignment 2015 version
ACC 490 Week 4 LT Assignment Apollo Shoes Case Assignment 2015 version
 
ACC 490 Week 4 LT Assignment Apollo Shoes Case Assignment 2015 version
ACC 490 Week 4 LT Assignment Apollo Shoes Case Assignment 2015 versionACC 490 Week 4 LT Assignment Apollo Shoes Case Assignment 2015 version
ACC 490 Week 4 LT Assignment Apollo Shoes Case Assignment 2015 version
 
ACC 490 Week 4 LT Assignment Apollo Shoes Case Assignment 2015 version
ACC 490 Week 4 LT Assignment Apollo Shoes Case Assignment 2015 versionACC 490 Week 4 LT Assignment Apollo Shoes Case Assignment 2015 version
ACC 490 Week 4 LT Assignment Apollo Shoes Case Assignment 2015 version
 
ACC 490 Week 4 LT Assignment Apollo Shoes Case Assignment 2015 version
ACC 490 Week 4 LT Assignment Apollo Shoes Case Assignment 2015 versionACC 490 Week 4 LT Assignment Apollo Shoes Case Assignment 2015 version
ACC 490 Week 4 LT Assignment Apollo Shoes Case Assignment 2015 version
 
ACC 490 Week 4 LT Assignment Apollo Shoes Case Assignment 2015 version
ACC 490 Week 4 LT Assignment Apollo Shoes Case Assignment 2015 versionACC 490 Week 4 LT Assignment Apollo Shoes Case Assignment 2015 version
ACC 490 Week 4 LT Assignment Apollo Shoes Case Assignment 2015 version
 
ACC 490 Week 4 LT Assignment Apollo Shoes Case Assignment 2015 version
ACC 490 Week 4 LT Assignment Apollo Shoes Case Assignment 2015 versionACC 490 Week 4 LT Assignment Apollo Shoes Case Assignment 2015 version
ACC 490 Week 4 LT Assignment Apollo Shoes Case Assignment 2015 version
 
ACC 490 Week 4 LT Assignment Apollo Shoes Case Assignment 2015 version
ACC 490 Week 4 LT Assignment Apollo Shoes Case Assignment 2015 versionACC 490 Week 4 LT Assignment Apollo Shoes Case Assignment 2015 version
ACC 490 Week 4 LT Assignment Apollo Shoes Case Assignment 2015 version
 
ACC 490 Week 4 LT Assignment Apollo Shoes Case Assignment 2015 version
ACC 490 Week 4 LT Assignment Apollo Shoes Case Assignment 2015 versionACC 490 Week 4 LT Assignment Apollo Shoes Case Assignment 2015 version
ACC 490 Week 4 LT Assignment Apollo Shoes Case Assignment 2015 version
 
ACC 490 Week 4 LT Assignment Apollo Shoes Case Assignment 2015 version
ACC 490 Week 4 LT Assignment Apollo Shoes Case Assignment 2015 versionACC 490 Week 4 LT Assignment Apollo Shoes Case Assignment 2015 version
ACC 490 Week 4 LT Assignment Apollo Shoes Case Assignment 2015 version
 
ACC 490 Week 4 LT Assignment Apollo Shoes Case Assignment 2015 version
ACC 490 Week 4 LT Assignment Apollo Shoes Case Assignment 2015 versionACC 490 Week 4 LT Assignment Apollo Shoes Case Assignment 2015 version
ACC 490 Week 4 LT Assignment Apollo Shoes Case Assignment 2015 version
 
Final visit receivables
Final visit receivablesFinal visit receivables
Final visit receivables
 
1
11
1
 
Revenues, Receivables and Receipts (1).pptx
Revenues, Receivables and Receipts (1).pptxRevenues, Receivables and Receipts (1).pptx
Revenues, Receivables and Receipts (1).pptx
 
Final visit payables
Final visit payablesFinal visit payables
Final visit payables
 
STOCK AND BOOK DEBT AUDIT.pptx
STOCK AND BOOK DEBT AUDIT.pptxSTOCK AND BOOK DEBT AUDIT.pptx
STOCK AND BOOK DEBT AUDIT.pptx
 
STOCK AND BOOK DEBT AUDIT.pptx
STOCK AND BOOK DEBT AUDIT.pptxSTOCK AND BOOK DEBT AUDIT.pptx
STOCK AND BOOK DEBT AUDIT.pptx
 
Identify the type of evidence for each procedure Procedure Type of Evi.docx
Identify the type of evidence for each procedure Procedure Type of Evi.docxIdentify the type of evidence for each procedure Procedure Type of Evi.docx
Identify the type of evidence for each procedure Procedure Type of Evi.docx
 
For each one.docx
For each one.docxFor each one.docx
For each one.docx
 

Mais de todd991

14- Which of the following is the correct name for NalICO- A- Sodiuns.docx
14- Which of the following is the correct name for NalICO- A- Sodiuns.docx14- Which of the following is the correct name for NalICO- A- Sodiuns.docx
14- Which of the following is the correct name for NalICO- A- Sodiuns.docxtodd991
 
14 Income tax is estimated at 40- of income- What factors other than e.docx
14 Income tax is estimated at 40- of income- What factors other than e.docx14 Income tax is estimated at 40- of income- What factors other than e.docx
14 Income tax is estimated at 40- of income- What factors other than e.docxtodd991
 
12-19 Notes Compare and contrast the Hubble Space Telescope with James.docx
12-19 Notes Compare and contrast the Hubble Space Telescope with James.docx12-19 Notes Compare and contrast the Hubble Space Telescope with James.docx
12-19 Notes Compare and contrast the Hubble Space Telescope with James.docxtodd991
 
12-5 Distribution of Cash Upon Liquidation Manley and Singh are partne.docx
12-5 Distribution of Cash Upon Liquidation Manley and Singh are partne.docx12-5 Distribution of Cash Upon Liquidation Manley and Singh are partne.docx
12-5 Distribution of Cash Upon Liquidation Manley and Singh are partne.docxtodd991
 
10- Consider the following data structure used for implementing a link.docx
10- Consider the following data structure used for implementing a link.docx10- Consider the following data structure used for implementing a link.docx
10- Consider the following data structure used for implementing a link.docxtodd991
 
10 Solution#include-iostream-h- #include-conio-h- #include-process-h-.docx
10 Solution#include-iostream-h- #include-conio-h- #include-process-h-.docx10 Solution#include-iostream-h- #include-conio-h- #include-process-h-.docx
10 Solution#include-iostream-h- #include-conio-h- #include-process-h-.docxtodd991
 
1-What are the consequences of long term unemployment- 2-Should the go.docx
1-What are the consequences of long term unemployment- 2-Should the go.docx1-What are the consequences of long term unemployment- 2-Should the go.docx
1-What are the consequences of long term unemployment- 2-Should the go.docxtodd991
 
1-What is the conjugate base of H2C2O4- 2-Which of the following acid.docx
1-What is the conjugate base of H2C2O4- 2-Which of the following acid.docx1-What is the conjugate base of H2C2O4- 2-Which of the following acid.docx
1-What is the conjugate base of H2C2O4- 2-Which of the following acid.docxtodd991
 
1-The fund financial statements for governmental funds should include.docx
1-The fund financial statements for governmental funds should include.docx1-The fund financial statements for governmental funds should include.docx
1-The fund financial statements for governmental funds should include.docxtodd991
 
1-To a young researcher- what are the advantages of using the method o.docx
1-To a young researcher- what are the advantages of using the method o.docx1-To a young researcher- what are the advantages of using the method o.docx
1-To a young researcher- what are the advantages of using the method o.docxtodd991
 
1-The party to receive a distribution of principal from an estate is l.docx
1-The party to receive a distribution of principal from an estate is l.docx1-The party to receive a distribution of principal from an estate is l.docx
1-The party to receive a distribution of principal from an estate is l.docxtodd991
 
1-Consider an organization with which you have been affiliated as an e.docx
1-Consider an organization with which you have been affiliated as an e.docx1-Consider an organization with which you have been affiliated as an e.docx
1-Consider an organization with which you have been affiliated as an e.docxtodd991
 
1-Astronomers estimate that a low-mass red dwarf star like Proxima Cen.docx
1-Astronomers estimate that a low-mass red dwarf star like Proxima Cen.docx1-Astronomers estimate that a low-mass red dwarf star like Proxima Cen.docx
1-Astronomers estimate that a low-mass red dwarf star like Proxima Cen.docxtodd991
 
1-a Which of TCP or UDP is connection-less- Which of TCP or UDP is con.docx
1-a Which of TCP or UDP is connection-less- Which of TCP or UDP is con.docx1-a Which of TCP or UDP is connection-less- Which of TCP or UDP is con.docx
1-a Which of TCP or UDP is connection-less- Which of TCP or UDP is con.docxtodd991
 
1- You align 2 lenses together with known focal lengths fi and fa- The.docx
1- You align 2 lenses together with known focal lengths fi and fa- The.docx1- You align 2 lenses together with known focal lengths fi and fa- The.docx
1- You align 2 lenses together with known focal lengths fi and fa- The.docxtodd991
 
1- What were some of the major work published by Thomas Maithus- emplo.docx
1- What were some of the major work published by Thomas Maithus- emplo.docx1- What were some of the major work published by Thomas Maithus- emplo.docx
1- What were some of the major work published by Thomas Maithus- emplo.docxtodd991
 
1- What are the advantages and disadvantages of each of sociologys mai.docx
1- What are the advantages and disadvantages of each of sociologys mai.docx1- What are the advantages and disadvantages of each of sociologys mai.docx
1- What are the advantages and disadvantages of each of sociologys mai.docxtodd991
 
1- What are the three fundamental elements of an effective security pr.docx
1- What are the three fundamental elements of an effective security pr.docx1- What are the three fundamental elements of an effective security pr.docx
1- What are the three fundamental elements of an effective security pr.docxtodd991
 
1- What are the various theories that we use to explain why people com.docx
1- What are the various theories that we use to explain why people com.docx1- What are the various theories that we use to explain why people com.docx
1- What are the various theories that we use to explain why people com.docxtodd991
 
1- Return the names- IDS- and average salary of the top 10 employees w.docx
1- Return the names- IDS- and average salary of the top 10 employees w.docx1- Return the names- IDS- and average salary of the top 10 employees w.docx
1- Return the names- IDS- and average salary of the top 10 employees w.docxtodd991
 

Mais de todd991 (20)

14- Which of the following is the correct name for NalICO- A- Sodiuns.docx
14- Which of the following is the correct name for NalICO- A- Sodiuns.docx14- Which of the following is the correct name for NalICO- A- Sodiuns.docx
14- Which of the following is the correct name for NalICO- A- Sodiuns.docx
 
14 Income tax is estimated at 40- of income- What factors other than e.docx
14 Income tax is estimated at 40- of income- What factors other than e.docx14 Income tax is estimated at 40- of income- What factors other than e.docx
14 Income tax is estimated at 40- of income- What factors other than e.docx
 
12-19 Notes Compare and contrast the Hubble Space Telescope with James.docx
12-19 Notes Compare and contrast the Hubble Space Telescope with James.docx12-19 Notes Compare and contrast the Hubble Space Telescope with James.docx
12-19 Notes Compare and contrast the Hubble Space Telescope with James.docx
 
12-5 Distribution of Cash Upon Liquidation Manley and Singh are partne.docx
12-5 Distribution of Cash Upon Liquidation Manley and Singh are partne.docx12-5 Distribution of Cash Upon Liquidation Manley and Singh are partne.docx
12-5 Distribution of Cash Upon Liquidation Manley and Singh are partne.docx
 
10- Consider the following data structure used for implementing a link.docx
10- Consider the following data structure used for implementing a link.docx10- Consider the following data structure used for implementing a link.docx
10- Consider the following data structure used for implementing a link.docx
 
10 Solution#include-iostream-h- #include-conio-h- #include-process-h-.docx
10 Solution#include-iostream-h- #include-conio-h- #include-process-h-.docx10 Solution#include-iostream-h- #include-conio-h- #include-process-h-.docx
10 Solution#include-iostream-h- #include-conio-h- #include-process-h-.docx
 
1-What are the consequences of long term unemployment- 2-Should the go.docx
1-What are the consequences of long term unemployment- 2-Should the go.docx1-What are the consequences of long term unemployment- 2-Should the go.docx
1-What are the consequences of long term unemployment- 2-Should the go.docx
 
1-What is the conjugate base of H2C2O4- 2-Which of the following acid.docx
1-What is the conjugate base of H2C2O4- 2-Which of the following acid.docx1-What is the conjugate base of H2C2O4- 2-Which of the following acid.docx
1-What is the conjugate base of H2C2O4- 2-Which of the following acid.docx
 
1-The fund financial statements for governmental funds should include.docx
1-The fund financial statements for governmental funds should include.docx1-The fund financial statements for governmental funds should include.docx
1-The fund financial statements for governmental funds should include.docx
 
1-To a young researcher- what are the advantages of using the method o.docx
1-To a young researcher- what are the advantages of using the method o.docx1-To a young researcher- what are the advantages of using the method o.docx
1-To a young researcher- what are the advantages of using the method o.docx
 
1-The party to receive a distribution of principal from an estate is l.docx
1-The party to receive a distribution of principal from an estate is l.docx1-The party to receive a distribution of principal from an estate is l.docx
1-The party to receive a distribution of principal from an estate is l.docx
 
1-Consider an organization with which you have been affiliated as an e.docx
1-Consider an organization with which you have been affiliated as an e.docx1-Consider an organization with which you have been affiliated as an e.docx
1-Consider an organization with which you have been affiliated as an e.docx
 
1-Astronomers estimate that a low-mass red dwarf star like Proxima Cen.docx
1-Astronomers estimate that a low-mass red dwarf star like Proxima Cen.docx1-Astronomers estimate that a low-mass red dwarf star like Proxima Cen.docx
1-Astronomers estimate that a low-mass red dwarf star like Proxima Cen.docx
 
1-a Which of TCP or UDP is connection-less- Which of TCP or UDP is con.docx
1-a Which of TCP or UDP is connection-less- Which of TCP or UDP is con.docx1-a Which of TCP or UDP is connection-less- Which of TCP or UDP is con.docx
1-a Which of TCP or UDP is connection-less- Which of TCP or UDP is con.docx
 
1- You align 2 lenses together with known focal lengths fi and fa- The.docx
1- You align 2 lenses together with known focal lengths fi and fa- The.docx1- You align 2 lenses together with known focal lengths fi and fa- The.docx
1- You align 2 lenses together with known focal lengths fi and fa- The.docx
 
1- What were some of the major work published by Thomas Maithus- emplo.docx
1- What were some of the major work published by Thomas Maithus- emplo.docx1- What were some of the major work published by Thomas Maithus- emplo.docx
1- What were some of the major work published by Thomas Maithus- emplo.docx
 
1- What are the advantages and disadvantages of each of sociologys mai.docx
1- What are the advantages and disadvantages of each of sociologys mai.docx1- What are the advantages and disadvantages of each of sociologys mai.docx
1- What are the advantages and disadvantages of each of sociologys mai.docx
 
1- What are the three fundamental elements of an effective security pr.docx
1- What are the three fundamental elements of an effective security pr.docx1- What are the three fundamental elements of an effective security pr.docx
1- What are the three fundamental elements of an effective security pr.docx
 
1- What are the various theories that we use to explain why people com.docx
1- What are the various theories that we use to explain why people com.docx1- What are the various theories that we use to explain why people com.docx
1- What are the various theories that we use to explain why people com.docx
 
1- Return the names- IDS- and average salary of the top 10 employees w.docx
1- Return the names- IDS- and average salary of the top 10 employees w.docx1- Return the names- IDS- and average salary of the top 10 employees w.docx
1- Return the names- IDS- and average salary of the top 10 employees w.docx
 

Último

Nutritional Needs Presentation - HLTH 104
Nutritional Needs Presentation - HLTH 104Nutritional Needs Presentation - HLTH 104
Nutritional Needs Presentation - HLTH 104misteraugie
 
Mixin Classes in Odoo 17 How to Extend Models Using Mixin Classes
Mixin Classes in Odoo 17 How to Extend Models Using Mixin ClassesMixin Classes in Odoo 17 How to Extend Models Using Mixin Classes
Mixin Classes in Odoo 17 How to Extend Models Using Mixin ClassesCeline George
 
Unit-V; Pricing (Pharma Marketing Management).pptx
Unit-V; Pricing (Pharma Marketing Management).pptxUnit-V; Pricing (Pharma Marketing Management).pptx
Unit-V; Pricing (Pharma Marketing Management).pptxVishalSingh1417
 
Making and Justifying Mathematical Decisions.pdf
Making and Justifying Mathematical Decisions.pdfMaking and Justifying Mathematical Decisions.pdf
Making and Justifying Mathematical Decisions.pdfChris Hunter
 
Key note speaker Neum_Admir Softic_ENG.pdf
Key note speaker Neum_Admir Softic_ENG.pdfKey note speaker Neum_Admir Softic_ENG.pdf
Key note speaker Neum_Admir Softic_ENG.pdfAdmir Softic
 
Unit-IV- Pharma. Marketing Channels.pptx
Unit-IV- Pharma. Marketing Channels.pptxUnit-IV- Pharma. Marketing Channels.pptx
Unit-IV- Pharma. Marketing Channels.pptxVishalSingh1417
 
The basics of sentences session 2pptx copy.pptx
The basics of sentences session 2pptx copy.pptxThe basics of sentences session 2pptx copy.pptx
The basics of sentences session 2pptx copy.pptxheathfieldcps1
 
Basic Civil Engineering first year Notes- Chapter 4 Building.pptx
Basic Civil Engineering first year Notes- Chapter 4 Building.pptxBasic Civil Engineering first year Notes- Chapter 4 Building.pptx
Basic Civil Engineering first year Notes- Chapter 4 Building.pptxDenish Jangid
 
psychiatric nursing HISTORY COLLECTION .docx
psychiatric nursing HISTORY COLLECTION .docxpsychiatric nursing HISTORY COLLECTION .docx
psychiatric nursing HISTORY COLLECTION .docxPoojaSen20
 
Measures of Central Tendency: Mean, Median and Mode
Measures of Central Tendency: Mean, Median and ModeMeasures of Central Tendency: Mean, Median and Mode
Measures of Central Tendency: Mean, Median and ModeThiyagu K
 
1029 - Danh muc Sach Giao Khoa 10 . pdf
1029 - Danh muc Sach Giao Khoa 10 . pdf1029 - Danh muc Sach Giao Khoa 10 . pdf
1029 - Danh muc Sach Giao Khoa 10 . pdfQucHHunhnh
 
microwave assisted reaction. General introduction
microwave assisted reaction. General introductionmicrowave assisted reaction. General introduction
microwave assisted reaction. General introductionMaksud Ahmed
 
1029-Danh muc Sach Giao Khoa khoi 6.pdf
1029-Danh muc Sach Giao Khoa khoi 6.pdf1029-Danh muc Sach Giao Khoa khoi 6.pdf
1029-Danh muc Sach Giao Khoa khoi 6.pdfQucHHunhnh
 
Ecological Succession. ( ECOSYSTEM, B. Pharmacy, 1st Year, Sem-II, Environmen...
Ecological Succession. ( ECOSYSTEM, B. Pharmacy, 1st Year, Sem-II, Environmen...Ecological Succession. ( ECOSYSTEM, B. Pharmacy, 1st Year, Sem-II, Environmen...
Ecological Succession. ( ECOSYSTEM, B. Pharmacy, 1st Year, Sem-II, Environmen...Shubhangi Sonawane
 
Grant Readiness 101 TechSoup and Remy Consulting
Grant Readiness 101 TechSoup and Remy ConsultingGrant Readiness 101 TechSoup and Remy Consulting
Grant Readiness 101 TechSoup and Remy ConsultingTechSoup
 
Web & Social Media Analytics Previous Year Question Paper.pdf
Web & Social Media Analytics Previous Year Question Paper.pdfWeb & Social Media Analytics Previous Year Question Paper.pdf
Web & Social Media Analytics Previous Year Question Paper.pdfJayanti Pande
 
fourth grading exam for kindergarten in writing
fourth grading exam for kindergarten in writingfourth grading exam for kindergarten in writing
fourth grading exam for kindergarten in writingTeacherCyreneCayanan
 
PROCESS RECORDING FORMAT.docx
PROCESS RECORDING FORMAT.docxPROCESS RECORDING FORMAT.docx
PROCESS RECORDING FORMAT.docxPoojaSen20
 

Último (20)

Nutritional Needs Presentation - HLTH 104
Nutritional Needs Presentation - HLTH 104Nutritional Needs Presentation - HLTH 104
Nutritional Needs Presentation - HLTH 104
 
Mixin Classes in Odoo 17 How to Extend Models Using Mixin Classes
Mixin Classes in Odoo 17 How to Extend Models Using Mixin ClassesMixin Classes in Odoo 17 How to Extend Models Using Mixin Classes
Mixin Classes in Odoo 17 How to Extend Models Using Mixin Classes
 
Mattingly "AI & Prompt Design: The Basics of Prompt Design"
Mattingly "AI & Prompt Design: The Basics of Prompt Design"Mattingly "AI & Prompt Design: The Basics of Prompt Design"
Mattingly "AI & Prompt Design: The Basics of Prompt Design"
 
Unit-V; Pricing (Pharma Marketing Management).pptx
Unit-V; Pricing (Pharma Marketing Management).pptxUnit-V; Pricing (Pharma Marketing Management).pptx
Unit-V; Pricing (Pharma Marketing Management).pptx
 
Making and Justifying Mathematical Decisions.pdf
Making and Justifying Mathematical Decisions.pdfMaking and Justifying Mathematical Decisions.pdf
Making and Justifying Mathematical Decisions.pdf
 
Key note speaker Neum_Admir Softic_ENG.pdf
Key note speaker Neum_Admir Softic_ENG.pdfKey note speaker Neum_Admir Softic_ENG.pdf
Key note speaker Neum_Admir Softic_ENG.pdf
 
Unit-IV- Pharma. Marketing Channels.pptx
Unit-IV- Pharma. Marketing Channels.pptxUnit-IV- Pharma. Marketing Channels.pptx
Unit-IV- Pharma. Marketing Channels.pptx
 
The basics of sentences session 2pptx copy.pptx
The basics of sentences session 2pptx copy.pptxThe basics of sentences session 2pptx copy.pptx
The basics of sentences session 2pptx copy.pptx
 
Basic Civil Engineering first year Notes- Chapter 4 Building.pptx
Basic Civil Engineering first year Notes- Chapter 4 Building.pptxBasic Civil Engineering first year Notes- Chapter 4 Building.pptx
Basic Civil Engineering first year Notes- Chapter 4 Building.pptx
 
psychiatric nursing HISTORY COLLECTION .docx
psychiatric nursing HISTORY COLLECTION .docxpsychiatric nursing HISTORY COLLECTION .docx
psychiatric nursing HISTORY COLLECTION .docx
 
Advance Mobile Application Development class 07
Advance Mobile Application Development class 07Advance Mobile Application Development class 07
Advance Mobile Application Development class 07
 
Measures of Central Tendency: Mean, Median and Mode
Measures of Central Tendency: Mean, Median and ModeMeasures of Central Tendency: Mean, Median and Mode
Measures of Central Tendency: Mean, Median and Mode
 
1029 - Danh muc Sach Giao Khoa 10 . pdf
1029 - Danh muc Sach Giao Khoa 10 . pdf1029 - Danh muc Sach Giao Khoa 10 . pdf
1029 - Danh muc Sach Giao Khoa 10 . pdf
 
microwave assisted reaction. General introduction
microwave assisted reaction. General introductionmicrowave assisted reaction. General introduction
microwave assisted reaction. General introduction
 
1029-Danh muc Sach Giao Khoa khoi 6.pdf
1029-Danh muc Sach Giao Khoa khoi 6.pdf1029-Danh muc Sach Giao Khoa khoi 6.pdf
1029-Danh muc Sach Giao Khoa khoi 6.pdf
 
Ecological Succession. ( ECOSYSTEM, B. Pharmacy, 1st Year, Sem-II, Environmen...
Ecological Succession. ( ECOSYSTEM, B. Pharmacy, 1st Year, Sem-II, Environmen...Ecological Succession. ( ECOSYSTEM, B. Pharmacy, 1st Year, Sem-II, Environmen...
Ecological Succession. ( ECOSYSTEM, B. Pharmacy, 1st Year, Sem-II, Environmen...
 
Grant Readiness 101 TechSoup and Remy Consulting
Grant Readiness 101 TechSoup and Remy ConsultingGrant Readiness 101 TechSoup and Remy Consulting
Grant Readiness 101 TechSoup and Remy Consulting
 
Web & Social Media Analytics Previous Year Question Paper.pdf
Web & Social Media Analytics Previous Year Question Paper.pdfWeb & Social Media Analytics Previous Year Question Paper.pdf
Web & Social Media Analytics Previous Year Question Paper.pdf
 
fourth grading exam for kindergarten in writing
fourth grading exam for kindergarten in writingfourth grading exam for kindergarten in writing
fourth grading exam for kindergarten in writing
 
PROCESS RECORDING FORMAT.docx
PROCESS RECORDING FORMAT.docxPROCESS RECORDING FORMAT.docx
PROCESS RECORDING FORMAT.docx
 

14-30 (Substantive tests of accounts receivable) The following situati.docx

  • 1. 14-30 (Substantive tests of accounts receivable) The following situations were not discovered by an inexperienced staff auditor in the audit of the Parson Company. 1. Several accounts were incorrectly aged in the client Solution 1. Several accounts were incorrectly aged in the client's aging schedule. Procedures: Compare age% to prior year AR -Analytical procedures. Assertion: cutoff, Valuation and allocation. 2. The accounts receivable turnover ratio was far below expected results. Procedure: AR analytical test: AR/AP, AR turnover,etc.-Analytical procedures. Assertion:Completeness, cutoff. 3. Goods billed were not shipped. Procedure: Cutoff test of billing-test the last month invoices. Vouching to the shipping doc.- Inspection of records. Assertion: Occurrence, cutoff. 4. Some year-end sales were recorded in the wrong accounting period. Procedure: cut off test of billing-test invoices billed subsequent to year end.-Inspection of records assertion:Completeness, cutoff 5. Several sales were posted for the correct amount but to the wrong customers in the accounts receivable ledger. Procedure: Confirmation of billings-Confirmation Assertion: Occurrence.
  • 2. 6. The allowance for uncollectable accounts was understated. Procedures: Test the ratio of allowance to old AR and compare to PY. -Analytical procedures. Assertion:Valuation and allocation 7. Several sales were entered and posted at incorrect amounts. Procedures: Confirmation of AR. -Confirmation Assertion: Accuracy and valuation 8. Mathematical errors were made in totaling the accounts receivable ledger. Procedures: Foot AR aging.-Recalculation Assertion: Accuracy and valuation 9. An unrecorded sale at the balance sheet date was collected in the next month. Procedure: Post subsequent cash to AR balance at YE. Reperformance. records. Assertion: Completeness, cutoff. 10. Several fictitious sales were recorded. Procedure: Confirm customer balance.-Confirmation. assertion: Occrrence. 11. The pledging of some customer accounts as security for a loan was not reported in the balance sheet. Procedure: Review security agreements.-Inspection of record. Assertion: Occurrence and rights and obligations. 12. Some year-end cash receipts were recorded in the wrong accounting period. Procedure: cash cutoff testing.-Inspectionof record. Assertion: cutoff, occurrence, completeness.