Explain accounts receivable-sec site

Assignment Help Auditing
Reference no: EM1354113

Your company's accounts payable clerk is asked to fill in for your accounts receivable clerk. Many things look unfamiliar to her, and she needs some explanations. You start by saying, "Accounts receivable is claims from monies due to the company." Continue your explanation with the following:

Explain:

- the classification of receivables.

- how companies handle uncollectible accounts.

- revenue recognition when the right of return exists.

Visit the SEC's Web site (www.sec.gov), and then do the following:

- Review a sample of financial statements submitted by an SEC registrant.

- Include the URL in your post.

After reviewing the notes to the financial statements, list the types of information you found about the following:

- The type of accounts receivable the registrant had

- The classification

- How discounts are handled (if given)

- How the company treats uncollectible accounts

Reference no: EM1354113

Previous Q& A

  Show components of organizational structures

Organisation structure and its impact on training - Explain what are the components of organizational structures?

  Counter productive behavior in organizations

Recommend some strategies to help increase productive behaviors and decrease counter productive behavior in organizations.

  Explain chain of department stores located in large towns

Explain -Super Savers is a chain of department stores located in large towns and metropolitan centers in the northeastern United States

  Show forces of change for synergetic solutions

Explain at least two change models the leader might employ and evaluate the communication necessary to implement change using these models.

  Explaining health insurance portability-accountability act

Based on your knowledge of IT security management, argue for or against assertions that Epworth system is in compliance with Health Insurance Portability and Accountability Act (HIPAA).

  Productivity or efficiency to the workplace

What are special characteristics, attitudes and talents you possess that add diversity to your workplace? Does American business recognizes that talents such as these add to productivity/efficiency to the workplace? How about where you work?

  What kind of equation or background information is useful

A 1kg ball released from horizontal attatched to a 2.5 m string collides ellastically with a 2 kg block at rest. what is the speed of the block after the collision.

  Explain the trading techniques

Discuss and explain the trading techniques that can be used with financial futures noting how these securities can be used in conjunction with other investment vehicles including benefits and risks.

  Audit program design

Design tests of controls, substantive tests of transactions, and analytical procedures for the Cash Cycle at Apollo Shoes.

  What is the unknown wavelength

A 110kg clock initially at rest on a horizontal floor requires a 607N horizontal force to set it in motion. After the clock is in motion, horizontal force of 525 N keeps it moving with a constant velocity.

Reviews

Write a Review

 

Similar Q& A

  How large would the salvage value of the automated equipment

How large would the salvage value of the automated equipment have to be to make the investment in the automated equipment financially attractive?

  Audit internal controls questions

Construct the "Processing Cash Collections" segment of the internal control questionnaire on "Cash Receipts" to be used in the evaluation of internal control over the Spartan Drug Store, Inc. Each question should elicit either a yes or a no respon..

  Apollo shoes audit

Obtain an understanding of the company, its internal control, and its audit risk factors (including the risk of material misstatements due to fraud).

  Advantages of auditing and assurance services

What are the advantages a firm gains by using auditing and assurance services? How might you use these advantages to promote the auditing and assurance division of a company from within?

  Design management

What is design management? Why is auditing used in design management? When should design auditing be used? Explain your answer

  Existence and rights assertions-auditing

Why is it important to place emphasis on the existence and rights (ownership) assertions when auditing accounts receivable?Which audit procedures are usually the most useful for auditing the existence and rights assertions?

  Determining auditing and assurance services

Knowing that my company 2007 audit will include attestation services, I want to know more about what attestation services encompass and what my team and I can do to prepare for this service.

  Question on auditor independence

What are the auditor independence issues surrounding the provision of external auditing services, internal auditing services, and management consulting services for the same client?

  Appraisal value issue

Discuss the ethical issues involved with this situation. Explain how you should handle this situation. Explain what type of report you should issue and why.

  Primary cause of enron scandal

What do you see as the primary cause of the auditing problems that led to the Enron scandal? Who do you believe carries the moral responsibility for those failures? Why?

  Internal control component for control procedures

Which of the following describes the internal control component "control procedures"?

  Internal control at drotos theaters

Your CPA firm has just been engaged as the independent auditors for Drotos Theaters. The theater chain is opening a new theater in one month.

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