Thư viện tài liệu, ebook tham khảo dành cho học sinh, sinh viên

a. When uncertainty exists, understating assets, overstating liabilities, accelerating recognition of losses, and delaying recognition of gains is preferred. b. The measurement of an event is verifiable and reliable. c. Different firms use identical accounting measurement methods for similar events. d. Objectives are laid out that are conservati...

46 trang | Chia sẻ: huyhoang44 | Ngày: 26/03/2020 | Lượt xem: 757 | Lượt tải: 0

Operating revenues Inflows of assets or decrease of liabilities Commonly sales and/or service revenues Key to successful business is to generate revenue from ongoing core operations Operating Expenses Outflows of assets or increase of liabilities required to generate operating revenues Cost of goods sold is the original cost of inventory ite...

46 trang | Chia sẻ: huyhoang44 | Ngày: 26/03/2020 | Lượt xem: 763 | Lượt tải: 0

The management letter is the statement of management to the investors. It indicates: Management is responsible for the preparation and content of the financial report. The statements were prepared in accordance with Generally accepted accounting principles (GAAP). The company maintains a system of internal controls to safeguard assets.

42 trang | Chia sẻ: huyhoang44 | Ngày: 26/03/2020 | Lượt xem: 737 | Lượt tải: 0

Why is third-party assurance of sustainability reporting demanded? What is relevant guidance for assurance on sustainability reporting? What is the role of practitioners as assurers of sustainability reporting?

33 trang | Chia sẻ: huyhoang44 | Ngày: 24/03/2020 | Lượt xem: 650 | Lượt tải: 0

Educational, training and experience. requirements for entry into the profession. Continuing professional development requirements. Corporate governance regulations. Professional standards. Professional or regulatory monitoring and disciplinary procedures. External review by a legally empowered third party of the reports, returns, communicatio...

42 trang | Chia sẻ: huyhoang44 | Ngày: 24/03/2020 | Lượt xem: 882 | Lượt tải: 0

The term ‘other matter’ is used because the matter communicated is a matter other than those that are presented or disclosed in the financial statements. The other matter must relate to the understanding of the audit, the auditor’s responsibilities or the auditor’s report. An other matter paragraph is headed ‘Other Matter’ and the paragraph is in...

28 trang | Chia sẻ: huyhoang44 | Ngày: 24/03/2020 | Lượt xem: 1014 | Lượt tải: 0

The auditor is not responsible for making any inquiries or conducting any audit procedures after the date of the audit report. However, facts may come to the auditor’s attention after the date of the audit report that might have affected the audit report had the auditor known about them. Auditing standards (ISA 560) provide guidance to auditors in...

20 trang | Chia sẻ: huyhoang44 | Ngày: 24/03/2020 | Lượt xem: 684 | Lượt tải: 0

A cut-off bank statement normally covers the 7- to 10-day period after the date on which the bank account is reconciled. For reconciliation purposes, any item should have cleared the client’s bank account during the 7- to 10-day period.

30 trang | Chia sẻ: huyhoang44 | Ngày: 24/03/2020 | Lượt xem: 889 | Lượt tải: 0

The following duties should be segregated: The individuals responsible for issuing, transferring and canceling stock certificates should not have any accounting responsibilities. The individual responsible for maintaining the detailed stockholders’ records should be independent of the maintenance of the general ledger control accounts. The indiv...

26 trang | Chia sẻ: huyhoang44 | Ngày: 24/03/2020 | Lượt xem: 716 | Lượt tải: 0

The inherent risk associated with intangible assets and goodwill raises serious risk considerations. The accounting rules are complex and the transactions are difficult to audit. Accounting standards require different asset impairment tests for different classes of intangible assets. With the judgement and complexity associated with valuation and e...

29 trang | Chia sẻ: huyhoang44 | Ngày: 24/03/2020 | Lượt xem: 818 | Lượt tải: 0