Selling accounts receivable

Assignment Help Auditing
Reference no: EM1354944

When a business sells its accounts receivable to a financial institution, is it called, line of credit,cash equivalent, factoring, or market to market?

Reference no: EM1354944

Questions Cloud

Organizational strategies to go green : What are some examples from your experience where you observed an organization "go green"? What strategies were employed and were they effective?
How many revolutions does the wheel make during this time : A loudspeaker of mass 22 {rm kg} is suspended a distance of h = 1.60 {rm m} below the ceiling by two cables that make equal angles with the ceiling. Each cable has a length of l = 3.30 {rm m}.
Explain security in the workplace continues to remain : Explain Security in the workplace continues to remain a high priority for organizations, especially in light of increases in workplace violence.
Stock investment beta expected return : Suppose the following data for the BU Scholarship Investment Fund. The total investment in the fund is $1 million.
Selling accounts receivable : When a business sells its accounts receivable to a financial institution, is it called, line of credit,cash equivalent, factoring, or market to market?
Calculate the tension in a horizontal string : compass needle points 25 degrees E of N outdoors. However, as it is placed 17 cm to the east of a vertical wire inside a building it points 61 degrees E of N. What is the magnitude of the current in the wire? The earth field there is 0.50X10^-4 T ..
Describe why a mission statement should not include monetary : Describe why a mission statement should not include monetary amounts, percentages, numbers, ratios, goals, or objectives.
Managerial accountancy based true false questions : Setting discount rates are too high due to fear of future rates tends to bias decisions against making strategic investments.
Organizational commitment : Why or why not? What way could your company improve your organizational commitment?

Reviews

Write a Review

Auditing Questions & Answers

  Write a report based on a coding benchmark audit

Write a report based on a Coding Benchmark Audit.

  Internal controls related to cash

What are some internal controls related to cash? Why is control over cash important? What are the pros and cons of segregation of duties over cash?

  Audit of family first farm

Each year since 2007, the accounting firm of Goode and Thuro was contracted to prepare audited financial statements for Family First Farm. Each year until the current audit, the CPAs did not find any discrepancies.

  Controls over payroll in auditing

Describe in detail the controls over payroll in auditing.

  Audit program outlines and audit issues

Audit program outlines in detail what an auditor plans to do and the expected required time to accomplish each task. An audit engagement may involve more than one audit program.

  Conducting financial audit and fraud audit

Discuss the key difference between conducting a financial audit and a fraud audit, and the related level of responsibility of the auditing firm.

  Confirmation of accounts receivable

Auditing standards require the confirmation of accounts receivable in normal circumstances. What are the three exceptions to this requirement?

  Illustrate the tax issues

Illustrate the tax issues that are raised and the relevant sections of the legislation.

  Audit of peach blossom cologne company

Imagine that you're the Senior Auditor on the Peach Blossom Cologne Company audit. The Partner on the engagement comes into your office and tells you she's not satisfied with the memo that Jasper Parsons (the former Senior) wrote on Understanding ..

  Specific auditing and accounting problems

What potential risks may be present in this engagement? What specific auditing and accounting problems appear to exist? What additional information do you feel you need to know about the company? Do you believe the engagement should be accepted or re..

  Auditing techniques-methods and real life examples

Many corporations and government entities have an internal auditing function and a separate fraud investigation function either as a subunit of internal auditing or security or as a separate unit within the organization.

  Study annual reports of companies in the industry

You will be required to obtain/study annual reports of companies in the industry

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