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ID:78643699
大小:114.22 KB
页数:36页
时间:2022-02-04
《VerificationofSelectedAccounts(英文版)》由会员上传分享,免费在线阅读,更多相关内容在行业资料-天天文库。
1、CompletingtheTestsintheAcquisitionandPaymentCycle:VerificationofSelectedAccountsChapter15LearningObjective1Recognizethemanyaccountsintheacquisitionandpaymentcycle.AssetsCashInventorySuppliesProperty,plant,andequipmentPatents,trademarks,andcopyrightsPrepaidrentPrepaidtaxes
2、PrepaidinsuranceAccountsAssociatedwithAcquisitionandPaymentCycleTransactionsAccountsAssociatedwithAcquisitionandPaymentCycleTransactionsCostofgoodssoldRentexpensePropertytaxesIncometaxexpenseInsuranceexpenseProfessionalfeesRetirementbenefitsUtilitiesExpensesAccountsAssoci
3、atedwithAcquisitionandPaymentCycleTransactionsAccountspayableRentpayableAccruedprofessionalfeesAccruedpropertytaxesOtheraccruedexpensesIncometaxespayableLiabilitiesLearningObjective2Designandperformaudittestsofproperty,plant,andequipmentrelatedaccounts.AuditingManufacturi
4、ngEquipmentandRelatedAccountsAnalyticalproceduresCurrentyeardisposalsEndingbalanceintheassetaccountDepreciationexpenseEndingbalanceinaccumulateddepreciationCurrentyearacquisitionsplusverificationsof:AnalyticalProceduresforManufacturingEquipmentAnalyticalProcedurePossibleM
5、isstatementComparedepreciationMisstatementinexpensedividedbygrossdepreciationexpensemanufacturingequipmentandaccumulatedcostwithpreviousyears.depreciationCompareaccumulatedMisstatementindepreciationdividedbygrossaccumulatedmanufacturingequipmentdepreciationcostwithpreviou
6、syears.AnalyticalProceduresforManufacturingEquipmentAnalyticalProcedurePossibleMisstatementComparemonthlyorannualExpensingamountsrepairsandmaintenance,thatshouldbesuppliesexpense,smalltoolscapitalizedexpense,andsimilaraccountswithpreviousyears.ComparegrossmanufacturingIdl
7、eequipmentorcostdividedbysomemeasureequipmentthathasofproductionwithpreviousbeendisposedof,butyears.notwrittenoff.VerifyingCurrentYearAcquisitionsTheproperrecordingofcurrentyearadditionsisimportantbecauseofthelong-termeffecttheassetshaveonthefinancialstatements.Becauseoft
8、heimportanceofcurrentperiodacquisitions,sevenoftheninebalance-relatedauditobjectivesareusedasafr
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