TAILIEUCHUNG - Lecture Auditing & assurance services (5th) - Chapter 10: Finance and investment cycle

After reading the material in this chapter, you should be able to: Describe the finance and investment cycle, including typical source documents and controls, give examples of tests of controls over debt and stockholders’ equity transactions and investment transactions, describe substantive procedures for finance and investment accounts. | Copyright © 2013 by The McGraw-Hill Companies, Inc. All rights reserved. McGraw-Hill/Irwin Chapter 10 Finance and Investment Cycle Learning Objectives 1. Describe the finance and investment cycle, including typical source documents and controls. Give examples of tests of controls over debt and stockholders’ equity transactions and investment transactions. Describe substantive procedures for finance and investment accounts. 4. Describe common errors and frauds in the accounting for capital transactions and investments, and design audit and investigation procedures for detecting them. 10- INVESTING AND FINANCING CYCLE Concerned with transactions related to the use of the organization's funds (investing) and sources of those funds (financing) other than operations. Accounts affected by investing and financial cycle transactions include investments in securities; notes and bonds payable; and, stockholders' equity accounts. 10- Inherent Risks Lease Accounting Loan covenants Related party transactions Complex transactions Impairments 10- Investment and Finance Activities Financial Plan Capital budget Raise capital Operate business (all other cycles) Mergers and acquisitions Investment of excess funds 10- Control Considerations Transactions authorized by BOARD OF DIRECTORS Documentation: Investments in securities: BROKER'S ADVICE Property, plant and equipment: VENDOR'S INVOICE (for purchased PPE) or INTERNAL COST RECORDS (for manufactured PPE) Bonds and notes payable: Documentation from DEBTHOLDERS Stockholders' Equity: Documentation from REGISTRAR CASH RECEIPTS/DISBURSEMENTS JOURNALS 10- Finance and Investment Cycle: Control Procedures Physical Controls Securities CUSIP numbers recorded Securities recorded in the client's name Securities held by an independent custodian or in a secure location Access to safe-deposit box requires more than one employee Physical items periodically compared to detail records Cash receipts from .

• Kế toán - Kiểm toán
• Investment cycle
• Finance activities
• Auditing services
• Assurance services
• Contemporary auditing environment
• Financial statement audit
• Auditing and assurance services
• Auditing environment
• Factors affecting
• Factors affecting saving
• Investment behavior of the teachers
• College teachers
• Stages in life cycle
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• Azospirillum Inoculation
• Selenium Metabolism
• Molecular Approaches
• Fruit Transpiration
• Mechanisms
• Balance Sheet
• Income Statements
• Planning Cycle
• Investment Decisions
• Business Data
• Analyzing Contributions
• Cellular Interactions
• Lentiviral Accessory
• Distinct Steps
• SIV Replication Cycle
• Human Immunodeficiency
• Proteins and Antiretroviral
• Simplify implementation
• environment through
• easy management
• Supplemental Information
• Capital Investment
• Mission Statement
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• Cycle Assessment
• Wildlife Forestry
• Fire Ignition
• Trends in Durango
• certifications levels
• Building Investment
• Pediatric Cardiology
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• Skill and Creativity
• Project Management
• Project Life Cycle
• Negative Perceptions
• Underlying Principles
• Investment In Making
• Corporate finance and investment
• Corporate finance
• Corporate transaction processing
• The revenue cycle
• Accounting information systems audit
• Managing change
• Survey of accounting
• Lecture Survey of accounting
• Accounting for cash
• Accounting cycle
• Performance evaluation
• Evaluate investment
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• Bài giảng Kinh tế Kỹ thuật
• Annual worth analysis
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• Perpetual life
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