Already have an account? Get multiple benefits of using own account!
Login in your account..!
Remember me
Don't have an account? Create your account in less than a minutes,
Forgot password? how can I recover my password now!
Enter right registered email to receive password!
School District 25 formally integrates the budget into the accounting system and uses the encumbrance system. All appropriations lapse at year-end. At year-end, before closing entries, the district had the following balances in its accounts. All accounts had normal balances.
a) Prepare the necessary closing entries.
b) Prepare a balance sheet after closing.
Accounts Payable $ 75
Appropriations 885
Cash 258
Encumbrances 30
Estimated revenues 900
Expenditures 859
Fund balance 165
Reserve for encumbrances 30
Revenues 892
Differences between the book value and the fair value of the identifiable assets of Salem Company
How can fictitious revenue be created through the use of false sales to shell companies? Discuss the method and result of committing this fraud.
Decide whether, in the event of an economic slowdown in the U.S., Bank of America's overseas revenue generation might serve to shelter the parent from slow or negative growth in the U.S. market. Explain and support your opinion.
Evaluate an annual report of a publicly held corporation of your selection on the internet (not the General Electric annual report).
Which of the following procedures would an auditor most likely include in the initial planning of a financial statement audit?
Indicate the audit procedure that most likely would have led to the discovery of the error. Identify one or two internal controls that would have prevented or detected the misstatement or irregularity.
Obtain and review the annual report of a public company and locate its audit committed charter. What are the key features of the charter? What are its strengths? What are the weaknesses?
For each of the above independent situations: (1) describe the overall impact on audit risk and provide your reasons for your answer, and (2) identify the specific component(s) of audit risk affected.
trade between a buyer and a seller are free on board (FOB) destination. What document gives evidence that a liability exists and can be unrecorded?
Write a recommendation brief for the client in which you justify the benefits of using an internal auditor. Conclude your recommendation by referring a particular person for the job based on their background.
Contrast the circumstances in which the auditor would choose not to test controls with those in which he or she would perform tests of controls.
Prepare the necessary journal entries for Evergreen for each of the above dates. For transactions involving the sale of merchandise, ignore the entry for the cost of goods sold (round all calculations to the nearest dollar).
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!
whatsapp: +1-415-670-9521
Phone: +1-415-670-9521
Email: [email protected]
All rights reserved! Copyrights ©2019-2020 ExpertsMind IT Educational Pvt Ltd