Account balance - inherent risk, Financial Management

Assignment Help:

Account balance - Inherent risk

At account balance / class of transaction level

Balances susceptible to misstatement.
History of errors.
Complexity of transactions.
Degree of judgement involved in determining account balances.
Susceptibility of assets to loss or misappropriation.
The quality of accounting systems.
Unusual or complex transactions at year end.
Transactions not subject to normal processing.

Related Discussions:- Account balance - inherent risk

Asset-backed and mortgage-backed securities, When financial assets or bonds...

When financial assets or bonds are pooled together and offered to the investors for receiving the inflow of funds from these underlying assets, they are termed as asset

Traditional approach to valuation, Under this approach of Valuation, ...

Under this approach of Valuation, all cash flows are discounted using single interest rate (discount rate). For example: Consider the 5-year (7.00 percent) Treas

Graphic presentation of organisation of finance function, Q. Graphic Presen...

Q. Graphic Presentation of Organisation of Finance Function? Graphic Presentation of Organisation of Finance Function: - The following chart describes the organization of the f

Show the accept-reject criteria, Q. Show the Accept-Reject Criteria? Ac...

Q. Show the Accept-Reject Criteria? Accept-Reject Criteria:- If the actual payback period is not more than the predetermined payback period...................... Project

Pension fund system - uk, The UK Pension Fund System The UK Pension sys...

The UK Pension Fund System The UK Pension system is a three pillar pension system. A flat-rate first-tier pension is provided by the state and is known as the Basic State Pensi

State the term nature of financial instruments, State the term nature of fi...

State the term nature of financial instruments. Nature of financial instruments (securities): Financial instruments (termed as securities) can be classifies in two broad

Calculate the net present value of cash flows, Assume a firm has the follow...

Assume a firm has the following cash flows for the next five years: $50,000, $100,000, $150,000, $200,000, and $300,000. We start this business with an initial investment of $250,0

Dbms., er diagram

er diagram

Analyse the company capital structure, 1. Analyse the company's capital str...

1. Analyse the company's capital structure and critically assess different types of financing options available to the company. Calculate the cost of these different types of finan

APPLICABILITY OF OPERATING CYCLE, #questioDiscuss the applicability of an o...

#questioDiscuss the applicability of an operating cycle in the vegetable growing business n..

Write Your Message!

Name

Email id

Message

Verfication Code

User Account

All Pages