"Substantive tests for cash balances" Essays and Research Papers

Sort By:
Satisfactory Essays
Good Essays
Better Essays
Powerful Essays
Best Essays
Page 5 of 50 - About 500 Essays
  • Satisfactory Essays

    Cash Flows

    • 287 Words
    • 2 Pages

    Cash Flows paper Cash flows are the flow of funds in and out of a company. The cash flows statement is one of four financials statements used by firms to report their financial position‚ including the balance sheet‚ income statement and statement of shareholders equity. The Cash flows statement is a statement that reports the flow of funds‚ the origin of the funds and how the funds are spent within a business. The cash flow statement can be recreated from information documented on the balance sheet

    Premium Finance Cash flow statement Income statement

    • 287 Words
    • 2 Pages
    Satisfactory Essays
  • Powerful Essays

    Chapter 9 – Auditing the Expenditure Cycle Summary Purchases and Cash Disbursement Procedures Using Batch Processing Technology Many batch system functions are the same as those in a manual purchase system. The main difference is that the routine accounting tasks are automated. Data Processing Department: Step 1 – the purchasing process begins in the data processing department‚ where the inventory control function is performed. The revenue cycle (in retailing firms) or the conversion cycle

    Premium Financial audit Audit Purchase order

    • 5537 Words
    • 23 Pages
    Powerful Essays
  • Good Essays

    Cash flow

    • 941 Words
    • 4 Pages

    Cash Flow OMM 622: Financial Decision-Making Instructor: Felix Lao September 30‚ 2013 The first thing any accountant looks for with a company financial is the bottom line. It is operating in the positive or negative and how much work will need to be done if it is not positive. Cash flow reflects how much cash is generated from the products and services sold by a company. Cash flow calculations involve making adjustments to net income by adding and subtracting the

    Premium Pension Dividend Cash flow statement

    • 941 Words
    • 4 Pages
    Good Essays
  • Satisfactory Essays

    Exam-Cash

    • 357 Words
    • 2 Pages

    TSMC Company establishes an imprest petty cash fund by issuing a check for $200 to Mary Mann‚ the custodian of the petty cash fund. On October 31‚ 2008‚ Mary Mann submitted the following paid petty cash receipts for replenishment of the petty cash fund when there is $55 cash in the fund: Freight-in $27 Office Supplies Expense 35 Entertainment of Clients 60 Postage Expense 20 Instructions Prepare the journal entries required to establish the petty cash fund on October 1 and the replenishment

    Premium Generally Accepted Accounting Principles Accounts receivable Payment

    • 357 Words
    • 2 Pages
    Satisfactory Essays
  • Powerful Essays

    Cash Flow

    • 2474 Words
    • 10 Pages

    Profitability Ratios: How Profitable is the Company? Net sales/Net profit after taxes The information necessary to determine a company’s profit as a percentage of sales can be found in the company’s income statement. 1. Magnetronics’ profit as a percentage of sales for 1999 was $1‚307 divided by $48‚769‚ or 2.68%. 2. This represented a decrease from 3.6% in 1995. 3. The deterioration in profitability resulted from a decrease in cost of goods sold as a percentage of sales‚

    Premium Financial ratios Generally Accepted Accounting Principles Balance sheet

    • 2474 Words
    • 10 Pages
    Powerful Essays
  • Satisfactory Essays

    Cash Flow

    • 7367 Words
    • 30 Pages

    Statement of Cash Flows Learning Objectives 1. Identify the purposes of the statement of cash flows 2. Classify activities affecting cash as operating‚ investing‚ or financing activities 3. Compute and interpret cash flows from financing activities 4. Compute and interpret cash flows from investing activities 5. Use the direct method to calculate cash flows from operations 6. Use the indirect method to explain the difference between net income and net cash provided

    Premium Cash flow statement Generally Accepted Accounting Principles Balance sheet

    • 7367 Words
    • 30 Pages
    Satisfactory Essays
  • Powerful Essays

    cash flow

    • 3387 Words
    • 14 Pages

    organisation‚ usually made from effective spending and financing activities. The components of cash flow must be evident on a planner so that it will be understood easily on how it occurred exactly. According to Donaldson & Gerard (2005)‚ he stated that if cash is not observed carefully‚ the return which might have been planned might not be recognized by the organisation. So therefore‚ one needs to have the facts of how cash flows and integrate it into the organization. Also‚ measures can be taken to prevent

    Premium Health care Nursing National Health Service

    • 3387 Words
    • 14 Pages
    Powerful Essays
  • Satisfactory Essays

    Cash Flows

    • 652 Words
    • 3 Pages

    CHAPTER 2 CASH FLOWS AND FINANCIAL STATEMENTS AT SUNSET BOARDS Below are the financial statements that you are asked to prepare. 1. The income statement for each year will look like this: Income Statement 2008 2009 Sales $190‚119 $231‚840 Cost of goods sold 96‚952 122‚418 Selling & administrative 19‚067 24‚886 Depreciation 27‚370 30‚936 EBIT $46‚730 $53‚600 Interest 5‚950 6‚820 EBT $40‚780 $46‚780 Taxes (20%) 8‚156 9‚356 Net income $32‚624 $37‚424 Dividends

    Premium Generally Accepted Accounting Principles Balance sheet Inventory

    • 652 Words
    • 3 Pages
    Satisfactory Essays
  • Good Essays

    Cash Budget

    • 876 Words
    • 4 Pages

    Cash Control and Cash Budgets Budgeted Income Statement and Budgeted Balance Sheet What is a Budgeted Income Statement? An estimate of expected revenues and expenses for a business‚ over a specific time period i.e. 1 year‚ 1 month or a specific event. What is a Budgeted Balance Sheet? An estimate of a business ’s financial position (assets‚ liabilities and owners equity) which can be produced for both the start and end of a period of time (i.e. a year) or for a special event when preparing

    Premium Balance sheet Inventory Generally Accepted Accounting Principles

    • 876 Words
    • 4 Pages
    Good Essays
  • Better Essays

    Cash Budget

    • 1749 Words
    • 7 Pages

    Section B Cash Budget Table of contents Introduction 2 Cash Management 2 Cash 2 Budget 3 Cash budget 3 Identify Cash Management 4 Construction sector 5 Conclusion 9 Reference 10 Introduction Cash management in this economic environment is crucial. Cash is the life-blood of any business. As the saying goes‚ “Cash is king”. With so many banks tightening credit standards due to what’s happening in the credit markets or within their own lending portfolios‚ it is crucial

    Premium Corporate finance Money Budget

    • 1749 Words
    • 7 Pages
    Better Essays
Page 1 2 3 4 5 6 7 8 9 50