User Account

All Pages

What are the audit implications of these figures

Assignment Help Financial Management
Reference no: EM132354301

Question

You are conducting an audit and have obtained the following figures with respect to sales and accounts receivable:

                                               2012                 2011

Accounts receivable                   143,000             2,694,000

Allowance for doubtful accounts   212,150             207,660

Sales                                       25,640,000         25,640,000

Required

a. What are the audit implications of these figures?

b. Identify four key audit procedures that you would perform to address the issues you identified in part a).

Reference no: EM132354301

Questions Cloud

Build a Human Activity Recognition model : Using the observations from the two LG watch models, build a "Human Activity Recognition" (HAR) model
Prepare the balance day adjustment journals : Louise had relied on word of mouth to promote her business to date however on 1 February 2019 Louise decided to use an advertising company.
Estimate Average Time in Line and Average Time in System : Computer Simulation - Simulate Jack Williams' shop for 100 customer arrivals to estimate Average Time in Line and Average Time in System
How much amortization expense is included in meridans : How much amortization expense is included in Meridan's income for the year ended December 31, 2017? Show all supporting calculations.
What are the audit implications of these figures : What are the audit implications of these figures? Identify four key audit procedures that you would perform to address the issues you identified in part.
Identify the amount we should recognize under each section : If a transaction requires two entries on the SCF, identify the amount we should recognize under each section and whether it was an inflow.
Develop a website using cascading style sheets : ICTWEB409 - Develop Cascading Style Sheets Assignment - Unit Project, Australian Technology and Innovation College, Australia
Draw the flow diagram of the additional treatment process : Wastewater Treatment Process Design - Draw the flow diagram of the additional treatment process and mention the objectives of each treatment unit process
Explain how you envision using these concepts : Identify the two or three things that Accounting will be most useful to for career. Explain how you envision using these concepts.

Reviews

Write a Review

Financial Management Questions & Answers

  Foreign company acquisition

Acquisition by a foreign company and the effects of that decision and the results of foreign exchange in Euro and the exchange rate differences.

  Financial management for profit and non profit organizations

In this essay, we are going to discuss the issues of financial management in a non-profit organisation.

  Method for estimating a venture''s value

Evaluate venture's present value, cash and surplus cash and basic venture capital.

  Replacement analysis

This document show the Replacement Analysis of modling machine. Is replacement give profit to company or not?

  Business finance task - capital budgeting

Your company is considering using the payback period for capital-budgeting. Discuss the advantages and disadvantages of this technique.

  Analysis of the investment

In this project, you will focus on one of these: the additional cost resulting from the purchase of an apple press (a piece of equipment required to manufacture apple juice).

  Conduct a what-if analysis

Review the readings and media for this unit, including the Anthony's Orchard case study media. Familiarise yourself with the Anthony's Orchard company and its current situation.

  Determine operational expenditures

Organisations' behaviour is guided by financial data. In the short term, such data will help determine operational expenditures; in the long term, historical data may help generate forecasts aimed at determining strategic plans. In both instances.

  Personal financial management

How much will you have left over each half year if you adopt the latter course of action?

  Sources of finance for expansion into new foreign markets

A quoted company is considering several long-term sources of finance for expansion into new foreign markets.

  Long term financial planning

This assignment is designed for analyze Long term financial planning begins with the sales forecast and the key input in the long term fincial planning.

  Explain the role of fincial manager

This assignment explain the role of fincial manager, function of manger. And what are the motives of financial manager.

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!

Submit Assignment

Academics

Major Subjects

Majors

Get In Touch

whatsapp: +91-977-207-8620

Phone: +91-977-207-8620

Email: [email protected]

TERMS & POLICIES

HELP & SUPPORT

All rights reserved! Copyrights ©2019-2020 ExpertsMind IT Educational Pvt Ltd