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

Chapter 10 - Finance and investment cycle. This chapter 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
• Finance activities
• Investment cycle
• Assurance services
• Auditing services
• Financial statement audit
• Contemporary auditing environment
• Summary of Phd dissertation
• Finance and Banking
• Nontraditional banking activities
• Bank efficiency
• Listed commercial banking
• Personal finance
• Focus on personal finance
• Financial skills
• Financing housing
• Rental activities
• Home buying process
• Cash flow management
• Family finance
• Family resource management
• Money management
• Personal financial behavior
• Family Activities Glenn Muske1
• Tạp chí khoa học
• Tạp chí Công nghệ
• Quản lý công nghệ
• Finance for S&T activities
• Financial mechanism
• Universities in Vietnam
• Master's thesis of Business
• Master's thesis
• Australian corporate finance market
• Marketing success
• Marketing activities
• Australian capital market
• Auditing and assurance services
• Auditing environment
• Financial Activities
• Capital Budgeting
• Risk Management
• Century Challenges
• Investment Banking
• Rating Agencies
• Quản lí công nghệ
• Science and technology policy
• Science and technology finance
• Science and technology enterprise
• Summary of Doctoral Thesis
• Finance Banking
• Luận văn tài chính ngân hàng
• Capital structure on sustainability
• Social performance of MFIs
• MFIs' activities in Vietnam
• Finance accounting and Auditing
• Internal audit
• Internal auditor
• External auditor
• Quality of internal auditing activities
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