Trace 50 accounts from the trial balance to the accounts payable master file for aging and the balance 5 foot two pages of the trial balance for the aging columns and balance and total all pages and cross-foot the aging 6 trace the balance to the general ledger 7 confirm accounts payable using positive confirmations 8 confirm all amounts. Pinnacle: accounts receivable and master file essay sample linguistic anthropology essay the adventures or huckleberry finn and master harold and the boys essay. • edit the accounts receivable master file • process customer service calls and complaints • investigate discrepancies or issues related to revenue • open the mail or copy checks received • maintain access to cash • prepare deposits • deposit cash receipts an easy way to check for adequate segregation of duties is to take the. Euse the three divisional income statements in the pinnacle_financials excel file on the web site to prepare a common-size income statement for each of the three divisions for all three years each division’s income statement is in a separate worksheet in the excel file use the information to identify accounts for which you believe there is.
Pinnacle manufacturing case 2283 words 10 pages show more original work please you read an article in the file titled, “epa regulations encouraging solar-powered engines postponed” after readingshow more content this is an item of consideration of possibilities for pinnacle to “cook the books” so as to keep in. Compute and compare the accounts receivable turnover ratios for coca-cola and wal-mart indicate all numbers you used to calculate the ratio what constitutes a “reasonable” accounts receivable turnover ratio what characteristic(s) of these companies would indicate that these ratios are reasonable accounts receivable turnover = net credit sales average accounts. The accounts receivable is one of the most popular assignments among students' documents if you are stuck with writing or missing ideas, scroll down and find inspiration in the best samples accounts receivable is quite a rare and popular topic for writing an essay, but it certainly is in our database.
Use the three divisional income statements in the pinnacle_financials excel file on the web site to prepare a common-size income statement for each of the three divisions for all three years each division’s income statement is in a separate worksheet in the excel file use the information to identify accounts for which you believe there is a. It is, in essence, a copy of the customer’s portion of the accounts receivable master file the four sales transaction functions are necessary for getting the goods into the hands the four sales transaction functions are necessary for. Essays faqs search for: search test bank acc 743 acc 743 subscribers only the answer may locate at the end of this page 1) user access to systems may identify segregation of duties issues review of which file(s) can detect problems hsystem user access master file iaccounts receivable master file jgeneral ledge master file kaccounts payable master file.
The accounts receivable master file does not reflect transactions that are included in the ending accounts receivable general ledger balance d compare the dates of entry in the sales journal for a sample of sales transactions to the date the transactions are posted in the accounts receivable master file. Establishing an efficient accounts receivable process is a critical step for most businesses, which can necessitate a major balancing act, says jennifer hall, senior vice president, middle market sales director, commercial deposits & treasury management, associated bank “you and your customer. Customer order = shipping document = duplicate sales invoice = sales journal = general ledger = accounts receivable master file. C inherent risk account or accounts affected relevant audit objectives 5 high from accounting 407 at dickinson state. 45 compare the price on the duplicate sales invoice with the sales price in the product master file and the quantity with the shipping document 46 trace the total on the duplicate sales invoice to the sales journal and the accounts receivable master file for customer, name, amount, and date.
Re-add accounts receivable master file and compare it to the general ledger account verify that aged accounts receivable trial balance is added correctly and individual amounts agree with master file. Trace a sample of debit entries in the accounts receivable master file to the sales journal to determine whether the date, customer name, and amount are the same. Example of accounts is payable purchases account, sales accounts, receivable, cash account, bank account, vehicle account etc as accounting equation, all the debit account put in the debit side and the liability and equity are put in the credit sides(from lecture note) the trial balances is the statement of ledger account balances within a.
Pinnacle: accounts receivable and master file essay sample 1 segregation of the purchasing, receiving, and cash disbursements functions job responsibilities are correctly divided amongst personnel (classification. Captain strong case file home essay samples captain strong case file captain strong case file by admin in essay samples on march 28, 2018 since the equity theory has shown that performance and motivation do become a factors within some stations, and this particular station is having problems in the atrol department not. A listing of the balances in the accounts receivable master file at the balance sheet date, by total balance outstanding and by the time the component parts have been outstanding, is the a customer list b aged trial balance c accounts receivable ledger d schedule of accounts receivable testing the information on the aged trial balance. These characteristics are most likely to affect inventory to a lesser extent , and accounts receivable fixed assets and c pinnacle could overstate revenues in several ways the auditor would especially focus on the machine-tech division because of the incentives identified in part a d there is a major change in perating expenses o and.
Start studying exam 1 chapter 2 essays - bp learn vocabulary, terms, and more with flashcards, games, and other study tools. Pinnacle: accounts receivable and master file essay sample 1 segregation of the buying receiving and hard currency expenses maps job duties are right divided amongst forces ( categorization ) employ different forces and have sign offs to guarantee that no one individual is executing multiple maps to forestall any types of. Review the acquisitions journal, general ledger, and accounts payable master file for large or unusual amounts | completeness| trace a sample of receiving reports to the acquisitions journal trace from a file of vendors’ invoices to the acquisitions journal trace from additions in perpetual inventory records to recorded acquisitions . Trace 35 accounts to the accounts receivable master file for name, amount, and age categories2 examine and document cash receipts on accounts receivable for 20 days after the engagement date3 request 25 positive and 65 negative confirmations of accounts receivable4 perform alternative procedures on accounts not responding.