A considerable portion of the tests of controls and substantive tests of transactions are performed simultaneously as
Question:
Fantastic news! We've Found the answer you've been seeking!
Step by Step Answer:
Answer rating: 64% (14 reviews)
The auditor resolves the problem by making assumptions about the results o...View the full answer
Answered By
Saikumar Ramagiri
Financial accounting:- Journal and ledgers, preparation of trail balance and adjusted trail balance Preparation of income statement, retained earning statement and balance sheet Banks reconciliation statements Financial statement analysis Cash flow statement analysis (both direct and indirect methods) All methods of Depreciations Management Accounting:- Ratios Budgeting control Cash budget and production budget Working capital management Receivable management Costing:- Standard and variance costing Marginal costing and decision making Cost-volume-profit analysis Inventory management (LIFO, FIFO) Preparation and estimation of cost sheet Portfolio management:- Calculation of portfolio standard deviation or risk Calculation of portfolio expected returns CAPM, Beta Financial management:- Time value of money Capital budgeting Cost of capital Leverage analysis and capital structure policies Dividend policy Bond value calculations like YTM, current yield etc International finance:- Derivatives Futures and options Swaps and forwards Business problems Finance problems Education (mention all your degrees, year awarded, Institute/University, field(s) of major): Education Qualification Board/Institution/ University Month/Year of Passing % Secured OPTIONALS/ Major ICWAI(inter) ICWAI inter Pursuing Pursuing - M.com(Finance) Osmania University June 2007 65 Finance & Taxation M B A (Finance) Osmania University Dec 2004 66 Finance & Marketing. B.Com Osmania University June 2002 72 Income Tax, Cost & Mgt, Accountancy, Auditing. Intermediate (XII) Board of Intermediate May 1999 58 Mathematics, Accountancy, Economics. S S C (X) S S C Board. May 1997 74 Mathematics, Social Studies, Science. Tutoring experience: • 10 year experience in online trouble shooting problems related to finance/accountancy. • Since 6 Years working with solution inn as a tutor, I have solved thousands of questions, quick and accuracy Skills (optional): Technical Exposure: MS Office, SQL, Tally, Wings, Focus, Programming with C Financial : Portfolio/Financial Management, Ratio Analysis, Capital Budgeting Stock Valuation & Dividend Policy, Bond Valuations Individual Skills : Proactive Nature, Self Motivative, Clear thought process, Quick problem solving skills, flexible to complex situations. Achievements : 1. I have received an Award certificate from Local Area MLA for the cause of getting 100% marks in Accountancy during my Graduation. 2. I have received a GOLD MEDAL/Scholarship from Home Minister in my MBA for being the “Top Rank student “ of management institute. 3. I received numerous complements and extra pay from various students for trouble shooting their online problems. Other interests/Hobbies (optional): ? Web Surfing ? Sports ? Watching Comics, News channels ? Miniature Collection ? Exploring hidden facts ? Solving riddles and puzzles
4.80+
391+ Reviews
552+ Question Solved
Related Book For
Auditing and Assurance services an integrated approach
ISBN: 978-0132575959
14th Edition
Authors: Alvin a. arens, Randal j. elder, Mark s. Beasley
Question Posted:
Students also viewed these Auditing questions
-
In performing tests of controls and substantive tests of transactions for the Oakland Hardware Company, Ben Frentz, a public accountant, is concerned with the internal verification of pricing,...
-
Following are some of the tests of controls and substantive tests of transactions procedures commonly performed in the acquisition and payment cycle. Each is to be done on a sample basis. 1. Trace...
-
Following are some of the tests of controls and substantive tests of transactions procedures often performed in the payroll and personnel cycle. (Each procedure is to be done on a sample basis.) 1....
-
Water is pumped out of a holding tank at a rate of 5 5e 0.12t liters/minute, where t is in minutes since the pump is started. If the holding tank contains 1000 liters of water when the pump is...
-
A square matrix is called a diagonal matrix if all the entries off the main diagonal are zero. If A and B are diagonal matrices, show that the following matrices are also diagonal. A - B
-
Find the speed of sound for air at 20C, 100 kPa using the definition in Eq. 13.43 and relations for polytrophic processes in ideal gases.
-
Of all 1,672,395 members of the high school class of 2014 who took the SAT (Scholastic Aptitude Test), 793,986 were minority students. Give the relevant proportion using correct notation.
-
Following is a list of advantages and disadvantages of the corporate form of business. 1. Ownership and management are separated. 2. Has continuous life. 3. Transfer of ownership is easy. 4....
-
Image transcription text Human Factors in a Military Transport Plane Crash On 2 October 2015, at approximately 0016 hours local time (L), a C-130J, Tail Number (T/N) 08-3174, crashed after takeoff...
-
A student wants to have $30,000 at graduation 4 years from now to buy a new car. His grandfather gave him $10,000 as a high school graduation present. How much must the student save each year if he...
-
State a test of control audit procedure to test the effectiveness of the following control: Approved wage rates are used in calculating employees' earnings. State a substantive test of transactions...
-
Evaluate the following statement: "Tests of sales and cash receipts transactions are such an essential part of every audit that I like to perform them as near the end of the audit as possible. By...
-
Refer to the data in Short Exercise S20-8 and your results for equivalent units of production. The Mixing Department of Complete Foods has direct materials costs of $46,500 and conversion costs of...
-
In a restaurant, it is necessary to calculate the total to pay according to what the customer consumes. From basic consumption, discounts are calculated if certain conditions are met: If consumption...
-
If the authors of some essays that they wrote were alive today, would they still believe their original arguments regarding the Constitution, the size of the United States, and the ability of a...
-
Identify at least 2 products for each level of the economic status. Low- income countries, low middle income, upper middle income, newly industrilized economies
-
What is the difference between Qualitative Research and Quantitative Research? Explain briefly.
-
Unit I introduced the benefits of markets to improving outcomes for producers and consumers. Unit II examined the role of costs and prices in decision-making. For this assignment, you will answer a...
-
How does struct differ from array?
-
Inexhaustible collections of ONPOs are not required to be capitalized or depreciated, if certain criteria are met. Why is this so, and what accounting and reporting recognition, if any, is required...
-
What are the different types of intermediary that might be found in a distribution channel?
-
As part of the engagement team for the audit of JA Tire Manufacturing for the year ended December 31, 2023, you are responsible for auditing the sales and collection cycle. If you have not done so...
-
What are the steps of the audit sampling process that differ across statistical and nonstatistical sampling approaches? In what ways do they differ?
-
Identify the nine accounts receivable balance-related audit objectives. For each objective, list one audit procedure.
-
Question Content Area Changes in current operating assets and liabilities indirect method Victor Corporation's comparative balance sheet for current assets and liabilities was as follows: Line Item...
-
Determine a value of m (if possible) for which f is continuous at x = 1. mx-3 if x <1 f(x)= 3x if x1
-
Z Find zw and z=8-8i w= 3+i Write each answer in polar form and in exponential form. The product zw in polar form is and in exponential form is (Simplify your answer. Type an exact answer, using it...
Study smarter with the SolutionInn App