Identify the revenue-related internal control

Assignment Help Accounting Basics
Reference no: EM132198708

Question: Now that you have identified the revenue-related internal control that relates to the five assertions (existence, completeness, accuracy or valuation, rights and obligations, and presentation and disclosure), the test of controls will need to be identified for each assertion and internal control.

For this assignment, you will write and submit 400-500 words that set specific tests of internal controls for the 5 internal controls related to management assertions that you identified for the previous assignment.

Reference no: EM132198708

Questions Cloud

Research about different aspects of judicial abuse of power : Discuss whether there is concern for the tone and language Judge Wilson used when speaking to state attorneys.
Analyze expected changes in interest rates : Interest rates, the cost of money, influence most all factors related to personal and corporate capital budgeting. The more obvious personal information.
Write set specific internal controls using given information : All financial statement audits will include an audit of the inventory cycle. You should plan for the audit by setting the audit objectives.
Discuss stephen flynns recommendations for security : In a two-page paper discuss Stephen Flynn's recommendations for effective homeland security. Do you agree with the recommendations?
Identify the revenue-related internal control : Now that you have identified the revenue-related internal control that relates to the five assertions (existence, completeness, accuracy or valuation).
Discuss the justice system of a foreign country : Compare and contrast the justice system of a foreign country with that of the United States.
Create and describe a list of ten investigative step : You are hired as a consultant in City X and are charged with the responsibility of creating a plan to deal with the multiple daytime robbery attacks in area.
What product extensions should they consider to their line : What product extensions, additions, modifications, etc., if any, should they consider to their line? Why? How, where, should they physically distribute.
What steps has a company like microsoft taken to design : What steps has a company like Microsoft taken to design a control system for their organization?

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.

  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!

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