User Account

All Pages

How was established that the internal controls of top dog

Assignment Help Accounting Basics
Reference no: EM132765700

You are auditing the financial report of Top Dog Pty Ltd for the year ended 30 June 2018. You have concluded that your team cannot rely on the internal controls of Top Dog and that the existence of accounts receivable is at risk.

Required

Problem (A) Identify and explain the procedure you could use to test the existence assertion for accounts receivable.

Problem (B) How would your answer change, if at all, it was established that the internal controls of Top Dog were operating effectively?

Reference no: EM132765700

Questions Cloud

Can the insurance company be expected to make a profit : A resident purchases an apartment dweller's insurance at P6,250 per year with her furnishings insured up to maximum of P500,000. The insurance company from the.
Prepare the initial balance sheet for september : Post those entries to T-accounts and prepare an unadjusted trial balance (for September 1, 2015). Prepare the initial Balance Sheet for September 1, 2015.
Find the weighted average cost of capital : Bill's opportunity cost is 4.6 percent and the lender's interest rate is 8.6 percent. Find the weighted average cost of capital (WACC)
What is the máximum amount that individual may contribute : For the years 2010 to 2017 an individual made annual contributions of $5,000 to their tax-free savings account (TFSA). In 2018 they made a contribution.
How was established that the internal controls of top dog : How was established that the internal controls of Top Dog were operating effectively? You are auditing the financial report of Top Dog Pty Ltd
Calculate the amount of dividends that would have been paid : On January 1, 2011, Zebra Hotels had 30,000 preferred shares (book value $150,000) and 50,000 common shares (book value $500,000) outstanding.
Prepare the shareholders equity of entity a : Memorandum method vs Journal Entry methodEntity A's share capital transactions during the year: Entity A was incorporated at the start of the current period.
What steps needed for a sales budget and a purchase budget : What the steps needed for a sales budget and a purchase budget? The business has inventory of 8,800 finished units on hand at 1st October
Which type of audit is most frequently used for examination : The CFO of your largest client has asked which type of audit is most frequently used for examination of business returns? You musty tell him

Reviews

Write a Review

Accounting Basics Questions & Answers

  How much control does fed have over this longer real rate

Hubbard argues that the Fed can control the Fed funds rate, but the interest rate that is important for the economy is a longer-term real rate of interest.   How much control does the Fed have over this longer real rate?

  Coures:- fundamental accounting principles

Coures:- Fundamental Accounting Principles: - Explain the goals and uses of special journals.

  Accounting problems

Accounting problems,  Draw a detailed timeline incorporating the dividends, calculate    the exact Payback Period  b)   the discounted Payback Period. the IRR,  the NPV, the Profitability Index.

  Theory of interest - term structure of interest rates

Term Structure of Interest Rates

  Write a report on internal controls

Write a report on Internal Controls

  Prepare the bank reconciliation for company

Prepare the bank reconciliation for company.

  Cost-benefit analysis

Create a cost-benefit analysis to evaluate the project

  Theory of interest

Theory of Interest: NPV, IRR, Nominal and Real, Amortization, Sinking Fund, TWRR, DWRR

  Liquidity and profitability

Distinguish between liquidity and profitability.

  What is the expected risk premium on the portfolio

Your Corp, Inc. has a corporate tax rate of 35%. Please calculate their after tax cost of debt expressed as a percentage. Your Corp, Inc. has several outstanding bond issues all of which require semiannual interest payments.

  Simple interest and compound interest

Simple Interest, Compound interest, discount rate, force of interest, AV, PV

  Capm and venture capital

CAPM and Venture Capital

Free Assignment Quote

Assured A++ Grade

Get guaranteed satisfaction & time on delivery in every assignment order you paid with us! We ensure premium quality solution document along with free turntin report!

Submit Assignment

Academics

Major Subjects

Majors

Get In Touch

whatsapp: +1-415-670-9521

Phone: +1-415-670-9521

Email: [email protected]

TERMS & POLICIES

HELP & SUPPORT

All rights reserved! Copyrights ©2019-2020 ExpertsMind IT Educational Pvt Ltd