Describe the revenue-related internal control

Assignment Help Accounting Basics
Reference no: EM132199858

Question: Now that you have identified the revenue-related internal control that relates to the five assertions (existence, completeness, accuracy or valuation, rights and obligations, and presentation and disclosure), the test of controls will need to be identified for each assertion and internal control.

For this assignment, you will write and submit 400-500 words that set specific tests of internal controls for the 5 internal controls related to management assertions that you identified for the previous assignment.

Reference no: EM132199858

Questions Cloud

What is the value of an american call option : What is the value of an American call option on XYZ shares, with an exercise price of $125 and two months to expiration?
Discuss about the financial statement audits : All financial statement audits will include an audit of the inventory cycle. You should plan for the audit by setting the audit objectives.
Business may wish to get involved in community relations : Analyze why a business may wish to get involved in community relations. What benefits accrue to businesses that actively participate in their communities?
What price do you recommend ocean use for their ipo : Ocean Technologies is considering going public and is trying to determine a price for their IPO. Their most recent earnings per share = $7.50 Mediterranean Corp
Describe the revenue-related internal control : Now that you have identified the revenue-related internal control that relates to the five assertions (existence, completeness, accuracy or valuation).
Service including the benefits of using the product-service : Describe the product/service including the benefits of using the product/service.
What is the value of stock : The company paid a dividend of $1.25 last week. If the required rate of return is 15 percent, what is the value of this stock?
Develop linear programming model : Develop a linear programming (LP) model for the Nissan production problem.
Do analysis of financial conditions : Single Public company data needs to be done (compared and analyze) over two years (fiscal (2017) or calendar years (2018).

Reviews

Write a Review

Accounting Basics Questions & Answers

  How much control does fed have over this longer real rate

Hubbard argues that the Fed can control the Fed funds rate, but the interest rate that is important for the economy is a longer-term real rate of interest.   How much control does the Fed have over this longer real rate?

  Coures:- fundamental accounting principles

Coures:- Fundamental Accounting Principles: - Explain the goals and uses of special journals.

  Accounting problems

Accounting problems,  Draw a detailed timeline incorporating the dividends, calculate    the exact Payback Period  b)   the discounted Payback Period. the IRR,  the NPV, the Profitability Index.

  Write a report on internal controls

Write a report on Internal Controls

  Prepare the bank reconciliation for company

Prepare the bank reconciliation for company.

  Cost-benefit analysis

Create a cost-benefit analysis to evaluate the project

  Theory of interest

Theory of Interest: NPV, IRR, Nominal and Real, Amortization, Sinking Fund, TWRR, DWRR

  Liquidity and profitability

Distinguish between liquidity and profitability.

  What is the expected risk premium on the portfolio

Your Corp, Inc. has a corporate tax rate of 35%. Please calculate their after tax cost of debt expressed as a percentage. Your Corp, Inc. has several outstanding bond issues all of which require semiannual interest payments.

  Simple interest and compound interest

Simple Interest, Compound interest, discount rate, force of interest, AV, PV

  Capm and venture capital

CAPM and Venture Capital

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