Obtain and review the organisational policies and procedures

Reference no: EM132729824

Question -

a. Obtain and review the organisational policies and procedures, ethical requirements, required accounting standards and the statutory and reporting body requirements which are applicable, and ensure these are applied and complied with throughout the development of the financial reports.

b. Compile and analyse the data required for the financial reports through completion of the following steps:

I. In accordance with organisational policy, procedures and accounting standards, systematically code, classify and check the data for accuracy and reliability. Document this process, including the checking for accuracy and reliability.

II. Using conversion and consolidation procedures, compile the data. Provide copies of the procedures followed, and the data compiled.

III. As required, transfer the data to computerised systems. Provide evidence of the accurate transferring of data.

IV. Accurately record the valuations, ensuring these are in compliance with accounting standards

V. Identify, and accurately record, the effects of taxation

c. Perform the following steps to prepare the required reports:

I. Present all required charts, diagrams, tables and supporting data, in the required format

II. Prepare the reports, ensuring the application of statutory and ethical requirements, and organisational procedures relating to conflict of interest, confidentiality, and disclosure requirements, and confirming that the structure and format of the reports are clear, and that they comply with all statutory and organisational requirements.

III. Review the statements and data for errors and for compliance with the statutory requirements and organisational procedures, amending these as required.

Reference no: EM132729824

Questions Cloud

Case-the future of the internet : Question: What do you feel will be the implications of these technology developments?

What is weighted average number of common shares outstanding : What is the weighted average number of common shares outstanding that ZGS will use to calculate basic earnings per share (EPS) for 20X5?

Impaired nurses : Assume that you have knowledge that the nurse working on your unit has been illegally using drugs. What are your obligations to disclose this?

Two contemporary issues in management control : Explain the two contemporary issues in management control the workplace privacy and employees theft?

Obtain and review the organisational policies and procedures : Obtain and review the organisational policies and procedures, ethical requirements, required accounting standards and the statutory

Find what is the cost of equity capital : The risk-free cash is 3.45% and the market yield is 11.25%. The company's Beta coefficient is 1.23. What is the cost of equity capital?

What is most interesting facts about travelling : What is most interesting facts about travelling?

External future partners at the health information exchange : What are some of the questions you need to begin asking the external future "partners" at the health information exchange?

How is capital structure determined : If company M owns $ 4,100.00 (debts: corporate bonds); $ 2,200.00 (preferred shares) and $ 2,800,000 (common shares), how is its capital structure determined?

User Account

All Pages