Invoice Essays & Research Papers

Best Invoice Essays

  • Invoice and Auditor - 3744 Words
    4. VOUCHING LEARNING OBJECTIVES Meaning and objectives of vouching Importance of vouching Types of vouchers Vouch various transactions like vouching of trading Transactions and vouching of cash transactions VOUCHING • Meaning • Vouching is concerned with examining documentary evidence to ascertain the authenticity of entries in books of entries in books of accounts. • Evidence supporting and substantiating the transaction made in the books. • It is a technique to...
    3,744 Words | 15 Pages
  • Invoice and Billing - 395 Words
    Review of Relate Literature and Studies This chapter presents some literature which is related to the study. The related literature has provided and serves the researchers a background which might help in the analysis of the system. Conceptual Literature Invoice as part of Billing System Businesses even a small or a larger one always include invoice in the billing process. Issuing an invoice every time a transaction was made is part of the process. Mostafa (2005) stated, “Billing process...
    395 Words | 2 Pages
  • Proforma Invoice - 1299 Words
    REPORT ON “PRO FORMA INVOICE” SUBMITTED BY RISHI MEHTA - GF 78 INDEX Sr No | Chapter Name | Page No | 1. | Introduction: Meaning and Definition. | 3 | 2. | Need for Pro Forma Invoice | 4 | 3. | Pro Forma Invoice check list | 5 | 4. | Steps in preparing Pro Forma Invoice | 6 | 5. | Importance of Pro Forma Invoice in International business | 7 | 6. | Sample Pro Forma Invoice | 8 | 7. | Bibliography | 9 | INTRODUCTION MEANING AND DEFINATION: An abridged or estimated...
    1,299 Words | 5 Pages
  • Invoice and Revenue Cycle - 1945 Words
    ------------------------------------------------- Top of Form Chap 10 Revenue Cycle ANGEL AVAKIAN | Started: May 5, 2012 11:45 AM | Questions: 35 | | | 1. ais11r 10-2 (Points: 1) | | The revenue cycle is a recurring set of business activities and related information processing operations associated with providing goods and services to customers and collecting cash in payment for those sales. With whom is the primary external exchange of information? a. competitors...
    1,945 Words | 17 Pages
  • All Invoice Essays

  • Invoice and Source Documents - 738 Words
    Case 1 WHODUNIT? Who is the perpetrator? From the facts given in the case, it can be clearly deduced that Debbie Jones is the perpetrator. She has access to both assets and accounts which gives her the opportunity to commit and conceal the fraud. Also, she is the one who updates and maintains the accounts receivable records enabling her to tamper with the existing files. Apart from this, fraud occurred 6 months after she started working for the company, and her responses to the inquiries...
    738 Words | 3 Pages
  • Proforma Invoice Price - 351 Words
    Course Code Course Title Assignment Code Coverage : : : : ECO - 02 Accountancy I ECO 02/TMA/2013-14 All Blocks Maximum Marks: 100 Attempt all the questions. 1. 2. What do you mean by accounting concepts? What are their characteristics? Explain these concepts with examples. (20) (a) There was a difference of Rs. 525 in a Trial Balance. It has been transferred to credit side of Suspense A/c. Later on following errors were discovered. Pass the rectifying entries...
    351 Words | 3 Pages
  • Adopt a Standard Invoice Numbering Convention
    ADOPT A STANDARD INVOICE NUMBERING CONVENTION A major cause of duplicate payments is multiple copies of the same supplier invoice being entered in the computer system, but with slight variations on the invoice number that keep the computer from flagging them as duplicate invoices. This is an especially common problem when suppliers issue invoices with leading zeros, since one data entry clerk may enter the zeros, while another may ignore them. It is also common for employee expense reports...
    463 Words | 2 Pages
  • Audit: Invoice and Balance Sheet Date
    QUESTION 16.25 (page 500). The following are audit procedures in the sales and collection cycle : 1. Examine a sample of shipping documents to determine whether each has a sales invoice number included on it. 2. Discuss with the sales manager whether any sales allowances have been granted after the balance sheet date that may apply to the current period. 3. Add the columns on the aged trial balance and compare the total with the general ledger. 4. Observe whether the...
    368 Words | 3 Pages
  • Fraud: Accounts Payable and Duplicated Invoice Numbers
    What measures could have been taken to prevent the fraud committed by Albert Miano or detect it earlier? The most obvious one is segregation of duties. Separate the duties from dropping off approved invoices and picking up approved invoices. The person who has to sign and approve the invoices should take them directly the AP department. You should always mail out the checks, do not hand them out to clients. The AP department should take the time to look over each invoice. If you have been...
    581 Words | 2 Pages
  • Auditing the Revenue Process - 558 Words
    Chapter 10 Auditing the Revenue Process SEC SAB101: Revenue recognition 1. 有persuasive evidence 有证据 2. Delivery occurred, service rendered,东西给了服务于需求 3. Price is fixed/determinable 价格固定 4. 有collectability钱收的回来 Fraud Risk in Revenue cycle: 欺诈风险 1. Side agreement: off-book, adjust record to entice customer 2. Channel stuffing: 填塞分销渠道,造成销售假象 inflate sales by forcing product through a distribution channel 3. Related party transaction: 实质重于形式原则substance over...
    558 Words | 3 Pages
  • Billing Paper - 509 Words
    Below is a free essay on "Billing System" from Anti Essays, your source for free research papers, essays, and term paper examples. Chapter II In this chapter, some literature is related to the study. The related literature and related studies has provided and serves the researchers a background which might help in the analysis. Local Studies With the modernization of different system a lot of services are improve. According to Furia (1997), “modernize existing system thru computerization to...
    509 Words | 2 Pages
  • Expense Cycle - 518 Words
    Apollo Accounting and Control Systems: Purchasing and Expenditure Cycle The employee prepares a purchase requisition and has a supervisor approve it. The supervisor retains Copy 2 of the pre-numbered purchase requisition for the department, sends Copy 1 to the Purchasing Department and Copy 3 to Accounts Payable. When the Purchase Department receives the purchase requisition, they search the approved vendor list and consult the listed prices for the goods desired for each vendor. Once a...
    518 Words | 2 Pages
  • Boston Bottles - 614 Words
    Boston Bottles Data Modeling Problem Draw an REA diagram with cardinalities and tables with primary keys, foreign keys, and non-key attributes for the following business: Boston Bottle (BB) buys and sells a variety of glass and plastic bottles nationwide. The proprietor of the company assigns each glass and bottle to an inventory type and assigns a unique # for each type (a type can contain numerous glasses and bottles). An individual sale or purchase can consist of multiple types of...
    614 Words | 3 Pages
  • Auditing - 2363 Words
    |Client name (客户名称) |Completed by |Exceptions | |Year-end (被审计年度) 年 月 日 | |(none unless noted) | | |编制人 |异常事项 | |Audit program/审计程序 | | |...
    2,363 Words | 17 Pages
  • Purchasing Procedure - 310 Words
    PURCHASING PROCEDURES • Initiating purchase requisition : The stores department prepares indents for the purchase of materials and forwards the same to the purchase department. Every department will make the specification of required material. This will be helpful for purchase department to identify that material. • Inviting Tenders and Quotations :For saving money and placing the order to best vendor, purchase department will invite the quotations and tenders. This work can be done through...
    310 Words | 1 Page
  • Medication - 1264 Words
    Confirmation / Final Invoice Miss Meesha Hughes 1 Sydney Street Gloucester Gloucestershire GL1 4DB Booking Ref: Lead Name: Date of Travel: Issue Date: Pre Departure Contact: J1051312 Miss Meesha Hughes Fri 22 Nov 2013 Wed 3 Jul 2013 0844 871 6633 FINAL PAYMENT DATE Friday 22nd November 2013 to Sunday 24th November 2013 13th September 2013 Dear Miss Hughes Thank you for making your booking. This document is your booking confirmation and final invoice. This replaces any previous...
    1,264 Words | 5 Pages
  • 6 Sources of Leadership Power
    Job Description – Accounting Officer Job Details Title Department Reporting to Accounting Officer Finance Management Accountant Direct Reports Authorities Last updated Nil Refer Delegations April 2012 Job Purpose The Accounting Officer is accountable to the Management Accountant and is responsible for ensuring that all development contribution and sundry debtors are invoiced, and that these debts are collected when due. The position is also responsible for all aspects of...
    829 Words | 9 Pages
  • acl tuturial 1 - 492 Words
    ACL 9 Tutorial 1 COMMANDS: ANALYZE -> TOTAL ANALYZE -> PROFILE ANALYZE -> STATISTICS SAMPLING -> SAMPLE ANALYZE -> SEQUENCE DATA -> SORT ANALYZE -> DUPLICATES ANALYZE -> GAPS The tutorials in this folder are supplemental exercises that relate to ACL 9 topics covered in chapters 8, 9, 10, and 12 in the Hall, IT Auditing, 3rd edition textbook. The tutorials presume that the student has installed ACL from the CD accompanying the text and has worked through the ACLStart.pdf...
    492 Words | 8 Pages
  • CISGcase glass case - 1814 Words
    Sheet glass case Geng Qunying v. ELBORSH BACKGROUND • • • • • • • • • • • • • • The first instance judge(s) at the Intermediate People’s Court found that [Buyer] and [Seller] 2 agreed in the form of an English “pro-forma invoice” to purchase sheet glass FOB. [Buyer] purchased sheet glass of 4mm and 2.7mm thicknesses from [Seller] 2. The total area of sheet glass was 183,285 square meters packed in 50 containers. The total cost was US$213,894. It was agreed that: Package: in wood crates...
    1,814 Words | 8 Pages
  • Goods Receiving - 868 Words
    MINECORP VEHICLE SOLUTIONS PTY LTD PRONTO PROCEDURES End of Month Procedures Goods Received Not Invoiced (GRNI) Reconciliation The objective of this write up is to highlight the importance of monthly review and reconciliation on GRNI. Some common problems and solutions will be discussed here. GRNI- Definition GRNI is an acronym for Goods Received Not Invoiced. A GRNI reconciliation or report has details that support the GL balance in the accounts that represents those receipts of...
    868 Words | 4 Pages
  • Accounting Information Systems - 5221 Words
    ® Tunku Abdul Rahman University College Faculty of Accountancy, Finance & Business Bachelor of Accounting Year 2 Written Assignment BACS2703 Accounting Information Systems 2014/2015 Table of Contents 1. Aims 2 2. Learning Outcomes 3 3. Group Formation 3 4. Assignment Tasks 3 5. Distribution of Assignment & Submission Date 8 6. Assignment Report Format 9 7. Assessment 10 8. Late Submission 10 9. Penalty 10...
    5,221 Words | 22 Pages
  • Sample Proposal - 1145 Words
    INFO 620: Information Systems Analysis and Design Term Project Proposal Your name and student number here Date Project Category: Analysis & Design 1. Title: Analysis and Design of a Simplified Accounting Management System 2. The Problem Statement A small accounting company would like to create a simplified accounting management system (SAMS) for the operation of the office. a) Context and Importance of the system It is critical that any consulting firm, such as an...
    1,145 Words | 5 Pages
  • Periodic Report - 1068 Words
    Ngee Ann Polytechnic 6 Month Internship International Supply Chain Management Periodic Report 1 Brenda Lim S10093748J [pic] BA 090R Appendix 1 NGEE ANN POLYTECHNIC SCHOOL OF BUSINESS AND ACCOUNTANCY DECLARATION FORM (This form is to be submitted together with all reports) |Programme: |ISCM | |Module:...
    1,068 Words | 5 Pages
  • Marketing - 2832 Words
    ACCOUNTING INFORMATION SYSTEM A COMPANY STUDY: MLT MARKETING A company study Presented to the Faculty of the Department of Accountancy School of Business and Economics University of San Carlos Cebu City, Philippines In Partial Fulfillment Of the Requirements for the Course AC 508 Accounting Information System By ALDEMITA, LEANDER DAN BADAYOS, GEMARIE BLANCO, HANNAH MAE LAUDE, LOVELY KERR NEBRIA, ALJUN SALVAÑA, CHRISTIAN TAN, HANZ MARTIN VILLAMERO, PALLAS ATHENA March...
    2,832 Words | 30 Pages
  • Acl Assignment - 549 Words
    PART I For this problem, use “Metaphor_APTrans_2002 file in ACL_Demo.” The suggested command or other source of information needed to solve the problem requirement is included at the end of each question. REQUIRED: A. Run the following ACL tests: 1. Total the Invoice Amount column for comparison with the general ledger balance of $276,841.33 (Total Field). 2. Recalculate unit cost times quantity and identify any extension misstatements (Filter). 3. Products that Metaphor...
    549 Words | 3 Pages
  • suman - 549 Words
    Process flow of EWIE Europe Limited 1. Business Group – EWIE (US) 2. Set of Books – One SOB (EWIEEU UK SOB) 3. Legal Entity – One LE (United Kingdom) 4. Operating Unit – One OU (UK Operations) 5. Inventory Org – 5 Location (BEP, DEP, SAP, RAC, Transaction Process Flow 1. Customer Purchase Order – FORD (Custom Program) FORD is sending this file through EDIFACT ODEX Server converts this EDIFACT format as .CSV File 2. EWIE Sales Order (Order Management) The above .CSV file is...
    549 Words | 3 Pages
  • Office Administration - Cxc School Based Assessment
    An investigation into the documents used in the accounts office at an organization in Kingston. Name: Alex Ellis School: Oberlin High Territory: Jamaica Registration #: 100086 Teacher: Ms Gray Centre #: 100086 Date: February 2009 An investigation into the documents used in the accounts office at an organization in Kingston. Name: Alex Ellis School: Oberlin High Territory: Jamaica Registration #: 100086 Teacher: Ms Gray Centre #: 100086 Date: February...
    1,713 Words | 8 Pages
  • Advanced Auditing Exam - 4610 Words
    Question 2 Hans & Co., CGAs, is auditing CCC Inc.s 2010 financial statements. Hans previously audited the companys 2008 and 2009 financial statements. The 2008 audit resulted in a qualified opinion because the auditors were unable to verify the opening inventory for that year, but the 2009 audit resulted in an unqualified opinion. Julia worked on the previous two audits and is familiar with most of the staff at CCC, including the office manager, Marcus. Julia was scheduled to meet with Marcus on...
    4,610 Words | 12 Pages
  • Revenue Cycle - 2049 Words
    Chapter 4 The Revenue Cycle Objectives for Chapter 4 • Tasks performed in the revenue cycle, regardless of the technology used • The functional departments involved in revenue cycle activities and the flow of revenue transactions through the organization • The documents, journals, and accounts that provide audit trails, promote the maintenance of records, support decision making, and sustain financial reporting • Risks associated with the revenue cycle and the controls that reduce these...
    2,049 Words | 10 Pages
  • TBChap008 - 18739 Words
    Chapter 08 Acquisition and Expenditure Cycle True / False Questions 1. Acquisition and expenditure activities include (1) purchasing goods and services, (2) receiving the goods or services, (3) recording the asset or expense and related liability, and (4) depreciating assets purchased. True False 2. Purchases are requisitioned by a purchasing department that seeks the best prices and quality. True False 3. The accounts payable department reconciles the vendor invoice,...
    18,739 Words | 154 Pages
  • Broken Billing Process at the SeaCube Container Leasing Company
    Team Authoritative Paper Robert A Pesicka, Valerie Johnson, Eric Crivello, Suzanne Roman June 12, 2011 City University of Seattle, WA Professor Jean Geer MBA505 Business Communications Course Abstract This authoritative paper presents a broken billing process for the SeaCube Container Leasing Company and presents a solution to fix and improve the process. It has been written in order so the management of SeaCube Container Leasing Company can support and implement the proposed improvement...
    1,911 Words | 6 Pages
  • Audit - 785 Words
    Tutorial 2: Audit of Sales and Collection Cycle ------------------------------------------------- QUESTION 1 Part A (a) Define a ‘test of control’ and a ‘substantive procedure’. [2 marks] (b) State ONE test of control and ONE substantive procedure in relation to sales invoicing. [2 marks] Part B Cleanwell Sdn Bhd (CSB) is a window cleaning company. Customers’ windows are cleaned monthly, the window cleaner then posts a stamped addressed envelope for payment through the...
    785 Words | 3 Pages
  • Apollo Shoe Case Study
    Date: Thu, 17 JAN 2008 7:42:53 +0000 From: "Darlene Wardlaw" Subject: Understanding the Revenue Cycle Attachment: I’ve attached a Sales internal control questionnaire from another engagement that I think you can use for Apollo. You may want to talk to Karina Ramirez to get answers to the questions. 1. Complete the ICQ for Apollo. For “yes” answers, add a comment stating which department and clerk performs the function. For “no” answers, describe the possible “errors” or “frauds”...
    2,978 Words | 12 Pages
  • The delima - 502 Words
    Manual sales invoices were no pre-numbered Implication Current recommendation Future Recommendation It is time consuming if they want to refer to the specific customers’ details, credit term, amount due to DESB Request for the debtors that still have outstanding amount to the company to make payment within the specific time, 2 months, by giving 10% discount for those who made the payment during the first month. Give manual numbering to the Sales invoices...
    502 Words | 6 Pages
  • Auditing Chapter 7 Evidence
     Multiple Choice Questions From CPA Examinations 7-29 a. (2) b. (1) c. (4) d. (1) 7-30 a. (3) b. (3) c. (4) 7-32 1. (5) inquiry of client 2. (7) observation 3. (1) physical examination 4. (2) confirmation 5. (6) reperformance 6. (2) confirmation 7. (3) documentation 8. (4) analytical procedures 9. (5) inquiry of client 10. (6) reperformance 11. (7) observation 12. (1) physical examination 13. (4) analytical procedures 14. (3) documentation 15. (5) inquiry of client 16....
    490 Words | 4 Pages
  • Purchases: Expenditures Processes and Controls
    1ACCOUNTING INFORMATION SYSTEMS CONTROLS AND PROCESSES TURNER / WEICKGENANNT CHAPTER 9: Expenditures Processes and Controls – Purchases TEST BANK - CHAPTER 9 - TRUE / FALSE 1. When the company is a vendor, goods flow into the company and cash is paid out. 2. Companies in the same line of business are not likely to have many differences in their purchasing habits. 3. The purchasing process starts when the purchase invoice is submitted by the vendor. 4. A purchase order is...
    10,156 Words | 42 Pages
  • Efficient Cash Management - 503 Words
    Efficient Cash Management Upon preparation of cash budgets after forecasting the receipts and payments, the management will have knowledge about the cash position of the firm. After knowing the cash position, the management should work out the basic strategies to be employed to manage its cash. The strategies of cash management are essentially related to the cash turnover process, that is, the cash cycle together with the cash turnover. The cash cycle is the amount of time cash is tied up...
    503 Words | 2 Pages
  • Control - 508 Words
    Knits Co 36 mins Knits是一家小型的制造及销售高品质针织品的公司。它的客户主要是时尚精品店。Knits有两名董事,一个是非执行董事,另一个则参与公司的日常业务管理。除两名董事外,还有10名其他员工。其中6名为工厂工作人员,1名为仓库管理人员,1名为销售代表,另外2名为财务人员。其中Miss Jones,负责处理销售及应收账款,Mrs Singh负责采购及工资,Mrs Singh为兼职人员,每周五个早上到公司工作。销售代表需要拜访整个地区的店铺,他从各个客户那里接受订单,并记录于一个pre-numbered two-part order form,并把填写完成的单据递交财务部。Miss Jones将其中一联单据归档,并将另一联交仓库。 Knits Co is a small company which manufactures and sells high quality knitwear. Its customers are mainly fashion boutiques. Knits Co has two directors, one of who is...
    508 Words | 2 Pages
  • Acc 403 Week 8 Homework
    Chapter 14: Problems 14-28(a-c) A. Test of Control or Substantive Test of Transactions | B. Transaction-related Audit Objective(s) | C. Substantive Test | Substantive Test of Transactions | Accuracy | N/A | Substantive Test of Transactions | Posting and summarization | N?A | Test of Control | Accuracy | Compare unit selling prices on duplicate sales invoices to the approved price list. | Test of Control | Classification | Examine a sample of sales transactions to determine...
    1,873 Words | 7 Pages
  • ACL Tutorial 1 Solution
    ACL 9 Tutorial 1 Solution COMMANDS: ANALYZE -> TOTAL ANALYZE -> PROFILE ANALYZE -> STATISTICS SAMPLING -> SAMPLE ANALYZE -> SEQUENCE DATA -> SORT ANALYZE -> DUPLICATES ANALYZE -> GAPS AP_TRANS 1. Using the TOTAL command, develop a hash control total and an amount control total for AP-TRANS. What recommendation would you make to develop a field for hash control total? Answer: TOTAL command: Invoice Amount plus one of the other number fields. The total of...
    489 Words | 5 Pages
  • Bookkeeping and Record Keeping Basics
    Bookkeeping and Record Keeping Basics Adapted from content excerpted from the American Express® OPEN Small Business Network Proper bookkeeping is important to sustaining and expanding a business. Without it, you run the risk of hitting cash flow crunches, wasting money, and missing out on opportunities to expand. When you are devising or revising your bookkeeping routine, remember that the purpose of bookkeeping is to help you manage your business and to enable tax agencies to evaluate your...
    1,183 Words | 4 Pages
  • Related Review - 4066 Words
    Chapter II Review of related literature and studies A. Review of related literature The researchers believed that our century today is rapidly evolving from primitive to modern technology. The used of computers and other types of gadgets is a necessity to human beings. It enables business to work with ease by having an organized computer generated system. Foreign literature According to Paolo Malinverno, Research VP, Gartner who wrote an article that originally appeared in...
    4,066 Words | 11 Pages
  • Ordering System Chapter 1
    Chapter I BACKGROUND OF THE STUDY I. Introduction In the 21st century, technology has become ever more advanced and systematized with computers and electronics continuously evolving day by day and adapting in today’s constantly changing digital world. Technology together with Information Systems has simplified almost every aspect of a person’s life today and each and every one of us has become dependent on it. Information Systems has been made open to meet the demands of the modern...
    1,695 Words | 6 Pages
  • Australia GST - 1009 Words
     Contents Question one What is an enterprise under Australia legislation? Under section 9-20, an enterprise could be done by any activities from any form of entities with or without commercial purposes. In this case, Phil and Ina manage the farm to sold wool and supply grapes to winery in considerations, is an activities done by entities under GST legislation, these activities constitute an enterprise. Do Phil and Ina have to register for GST?...
    1,009 Words | 4 Pages
  • Indirect tax - 1186 Words
     Indirect tax Section 1 This section is about applying your knowledge of VAT and using reference material to make recommendations or decisions. Task 1.1 (a) You have the following information about the taxable supplies of 4 businesses. For each of them, indicate whether they need to register for VAT immediately, or monitor turnover and register later. Tick ONE box on EACH line. Register now  Monitor and register later  A A new business with an expected turnover of...
    1,186 Words | 10 Pages
  • Export Documentation - 7026 Words
    A Project Report on Summer Training Export Documentation A case study of R.N.Gupta & Co. Ltd. Submitted to Doraha Institute of Management & Technology In partial fulfillment of the Requirements for the award of Degree of Bachelors of Business Administration Submitted by: Manjinder Kaur 1105530 DORAHA INSTITUTE OF MANAGEMENT & TECHNOLOGY (2013) CERTIFICATE This is to certify that the Minor Project entitled “EXPORT DOCUMENTATION” is a study...
    7,026 Words | 36 Pages
  • User Manual: Basic SAP Navigation
    User Manual: Basic SAP navigation Compiled by: Samuel Mohau Hlonyana DGA learner 6 September 2011 Table of contents 1. Basic navigation and menu system 3 1.1 SAP overview 3 1.2 General terms in SAP 3 1.3 Log on/off SAP 4 1.4 Screen features 6 1.4.1 Standard Toolbar icons functionality 7 1.4.2. Common application icons and functionality 8 1.4.3 Status bar (this is what appears at the bottom of every screen in SAP) 8 1.5 Navigating...
    1,612 Words | 9 Pages
  • Excursion Airlines - 866 Words
    Angel Gracia Practical Problem Excursion Airlines Practical Problem 3 1) Describe the red flags, if any, that you find in the maintenance information. There are several red flags in the invoices. There are several invoice numbers that are repeated and have an A at the end of the repeated invoice. 2) Based on your results, what types of fraud schemes may be indicated? This shows that invoices were made twice for large amounts possibly by fraudsters that have approved the...
    866 Words | 3 Pages
  • Sales and Inventory Management - 718 Words
    Sales and Inventory Management Managing your sales transactions and monitoring stock inventory movement has never been easier - thanks to Prime Software's Sales and Inventory Management Suite. Real time inventory updates per sales transaction enables you to have an accurate and audit friendly inventory count. Track item transaction history and validate them with sales invoices and stock receipts. Monitor purchases from suppliers and inventory issuances, adjustments and transfers. Generate...
    718 Words | 4 Pages
  • Auditing Chapter 14 Review Questions
    Chapter Fourteen Review Questions: 1. Bill of Lading- Is a written contract between the carrier and the seller. It is prepared at the time of shipping goods to a customer. On the Bill of Lading one will find a description of the goods, quantities shipped, and any other relevant data. Once goods have been shipped, the bill of lading generates related sales invoices as well as the entry in the sales journal. An original copy of the bill of lading is sent to the customer while the rest are...
    1,068 Words | 3 Pages
  • Revenue Cycle - 3528 Words
    TEST OF CONTROLS – REVENUE TRANSACTIONS |Audit Objective |Audit procedure |Findings | |General | | | |Validity...
    3,528 Words | 26 Pages
  • Audit Program Ii - 2090 Words
    Auditing Program Design Part II The purpose of this part of the audit process for Apollo Shoes is to design tests of controls, substantive tests of transactions, and analytical procedures for the sales, collection, payroll, personnel, acquisition, and payment cycles. These test and procedures are with intent to attest operating effectiveness of internal controls of Apollo Shoes on the basis of documentation provided. It is with the understanding that with the performing of test and procedures...
    2,090 Words | 7 Pages
  • NVW Unit 323 - 788 Words
    Unit 323 1.1 Explain the purpose and benefits of agreeing the brief and budget of travel or accommodation arrangements with traveller(s). Confirming and agreeing the brief for travel is important in order to ensure all details and requirements are correct so that I can do my job without issues arising or being delayed due to incorrect information. The purpose of agreeing with the guest is so prevent issues arising, ensuring the guest is happy and comfortable with the accommodation provided....
    788 Words | 3 Pages
  • why do we study literature
    TAX INVOICE Mr. UMESH JMESHRAM INDIAN OIL CORP LTD S/O. SH. JAIRAM PAIKUJI MESHRAM B-3508 REFINERY TOWNSHIP NCP ., PANIPAT PANIPAT, 132103 Haryana, India Phone No (Res,Off,Mob): 9467993319, 9467993319, 9467993319 Customer TIN No : A/C Code : 1-8RRL2CJ Invoice No : MalAPL-PP-1314-02318 Invoice Date :31/08/2013 Model : INDIGO LX Chassis No : MAT601465DPB07406 Insurance Co : United India Ins Co. Kms. : 14473 Vehicle Regn. No : HR06AB2957 Job Card No. : JC-MalAPL-PP-1314-002214...
    743 Words | 29 Pages
  • Project Proposal for a sales system
     Is It Time for a New Sales System? ABC Hotels (Private) Limited A. A. Name Aaaaaaaaaa 18 November 2013 Executive Summary This project proposal describes a technical and management approach for implementing a new sales system for ABC Hotels (Private) Limited. As the company have difficulties in running the old system and it was not up-to-date, the new sales system is highly recommended. Total project duration will be 3 months including analyzing designing,...
    823 Words | 6 Pages
  • Sales and Purchase - 434 Words
    Sales and purchase: The terms ¨sales order¨ and ¨purchase order¨ are not interchangeable, they are two very different documents. A sales order, abbreviated in business as SO, comes from a business to a customer. By comparison, a purchase order comes from a business to a vendor. Both are fulfillment methods, the sales order representing outside sales, and the purchase order representing internal corporate goods or service requests. Sales orders and purchase orders are tools for tracking...
    434 Words | 2 Pages
  • Accoubr - 590 Words
    Apollo Shoes Revenue Cycle Test of Controls Memo While reviewing Apollo Shoes’ revenue cycle, we tested 120 sales transactions and discovered 51 deviations. This significant number of deviations could potentially indicate more serious shortcomings in the system of internal controls surrounding the revenue cycle and highlights areas that will require more careful scrutiny throughout the audit. The most common type of deviation noted was the lack of the expected credit approval notation on the...
    590 Words | 2 Pages
  • Account Payable - 1083 Words
    Job Description ----Account Payable---- General Purpose Perform accounting and clerical tasks related to the efficient maintenance and processing of accounts payable transactions. Main Job Tasks and Responsibilities ▪ review invoices and check requests ▪ sort and match invoices and check requests ▪ set invoices up for payment ▪ process check requests ▪ prepare and process accounts payable checks, wire transfers and ACH payments ▪ reconciliation of payments...
    1,083 Words | 5 Pages
  • Database - 1425 Words
    Auto parts System A Project Proposal Presented to the Department of Computer Science University of San Carlos Cebu City, Philippines __________________________ This is the Fulfillment Of the Requirements of the Subject ICT 136 Database System 2 ___________________________ By Amores, Ren Mark Cenia, Resti Angelo Damole, Michael Ferrer, Jodie Magale, Junel Tegio, Eda 1.0 Project Description 1.1 Project Name: Rene Marketing and Auto Parts System 1.2 Project Team:...
    1,425 Words | 8 Pages
  • Bait ‘N Reel Superstore a Comprehensive Review on the Internal Control System of the Company
    Bait ‘n Reel Superstore A Comprehensive Review on the Internal Control System of the Company Bait ‘n Reel Superstore is a fishing store located in the Mountain Region of Pennsylvania owned and managed by Jamie Roberts. The said store has several internal control issues which greatly affect the efficiency of the store’s system. Purchase System Transaction Authorization The store doesn’t observe the separation of authorizing purchase and processing it. The purchasing department is the...
    724 Words | 3 Pages
  • Sales Cycle - 4725 Words
    Revenue Cycle Introduction As an external auditor who audits the financial statements of Fraser & Neave Holdings Berhad, he has to ensure the Fraser & Neave’s financial statement reflects true and fair view accordance with approved accounting standards. To access the accounting system and internal controls starting point is Revenue Cycle. Sales cycle is the process businesses use to describe the financial progression of company’s accounts receivables from the beginning which the...
    4,725 Words | 30 Pages
  • The Weakness in Internal Control over Cash
    The weakness in internal control over cash disbursements is that there is no numbers on the check. If there were numbers on the checks it will be easier to file in order and the number to the check will be the identity of the person and reason for the check for the company’s records. Dear Management, The internal control over cash disbursements need to be revised. To maintain, proper and organized documents each check written by this company will have a number on it. For the safety of...
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  • Accounts Receivable and Sales Orders
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