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ID:21545292
大小:307.50 KB
页数:38页
时间:2018-10-22
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1、AccountReconciliationTrainingNovember25SDIBCNovember27DSDPSCSDECSCJanuary8BDWBTCAgendaGeneralIntroductionCommonAccountingIssuesinChinaunitsNewP.R.C.AccountingStandardQ&AAccountReconciliationDefined“Afundamentalcontrolconsistingofthecomparisonandanalysisofthecomponentsoftwore
2、cordstohelpensurethatbotharecorrect.”BalanceSheetAccountReconciliationsTwomajorquestionstoaskWhatisthebalanceintheledger?Whatshouldthebalancebe?Incomestatementaccountsdonotrequireareconciliation.Theyarereviewedateachmonth-end.ReconciliationtypesAssetsCashbalanceinGeneralLed
3、gerversusbankstatementAccountsReceivablebalanceversuscustomerstatementPrepaidexpense-GeneralLedgerbalanceversusremainingbalanceascalculatedRoyaltiesReceivable-GeneralLedgerbalanceversuscalculatedamountAccruedInterestIncome-GeneralLedgerbalanceversuscalculatedamountPlantandEq
4、uipmentversustheFixedAssetSystemInventoryperGeneralLedgerversusPC&LSystemReconciliationtypesLiabilitiesAccountsPayablebalanceversusvendorstatementAccruedInterestPayableversuscalculatedamountRoyaltiesPayable-GeneralledgerbalanceversuscalculatedamountPayrollTaxLiabilityperGene
5、ralLedgerversuscalculatedamountAccruedLiabilitiesversusinvoices/agreementsExample1Example2Example3Example4Example5Example6Example7TipsUseaformforthereconciliationofaccountsbasedonestimatesShowestimatecalculationordocumentthelogicandparametersusedfortheaccrualExample:accruedt
6、axliabilityShowcalculationoftaxbasefortheyearMultiplybyapplicabletaxrateDeductyeartodatepaymentstocalculatetheremainingliabilityAttachcopiesofsupportingdocumentsAppropriatelyapprovedbymanagement.AgendaGeneralIntroductionCommonAccountingIssuesinChinaunitsNewP.R.C.AccountingSt
7、andardQ&AWhathappenswithoutreconciliations?RecordkeepingdeterioratesandfinancialinformationbecomesunreliableManagementmakesbaddecisionsAssetscouldbelost,destroyedornotrealizedErroneouspaymentscouldbemadeCostsgetoutofcontrolFraudandembezzlementcangoundetectedCustomersandsuppl
8、iersarenotsatisfiedProfitsharingcouldbeaffectedCASA/CRec.CommentsOverandabo
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