"In the times where acquisitions and buyouts are trending, the field of due diligence emerges as one of the most relevant fields. Prima facie, without delving in"
TaxGuru is a platform that provides Updates On Amendments in Income Tax, Wealth Tax, Company Law, Service Tax, RBI, Custom Duty, Corporate Law , Goods and Service Tax etc.
To know more visit https://taxguru.in/corporate-law/process-due-diligence.html
"In the times where acquisitions and buyouts are trending, the field of due diligence emerges as one of the most relevant fields. Prima facie, without delving in"
TaxGuru is a platform that provides Updates On Amendments in Income Tax, Wealth Tax, Company Law, Service Tax, RBI, Custom Duty, Corporate Law , Goods and Service Tax etc.
To know more visit https://taxguru.in/corporate-law/process-due-diligence.html
ACC 490 Week 4 LT Assignment Apollo Shoes Case Assignment 2015 versioncorabelladumouchel
Sample content
Learning Team Assignment:
Internal Control Audit – Apollo Shoes
ACC 490
Assertions and Questions
Yes, No, N/A
Comments
Occurrence assertion:
1. Is the credit department independent of the sales department?
Yes
The salesclerks are in the marketing division and order requiring credit authorization is taken to the credit manager in the treasury division.
2. Are sales of the following types controlled by the same procedures described below? Sales to employees, COD sales, disposals of property, cash sales, and scrap sales.
No
The sales by various teams are handled differently as per organization policies and methods.
3. Is access to sales invoice blanks restricted?
Yes
Sales bills are locked up in the billing division and are taken out on an as-needed basis.
4. Are pre-numbered bills of lading or other shipping documents prepared or completed in the shipping department?
Yes
The delivery division utilizes a pre-numbered Bill of Lading havi
ACC 490 Week 4 LT Assignment Apollo Shoes Case Assignment 2015 versioncorabelladumouchel
Sample content
Learning Team Assignment:
Internal Control Audit – Apollo Shoes
ACC 490
Assertions and Questions
Yes, No, N/A
Comments
Occurrence assertion:
1. Is the credit department independent of the sales department?
Yes
The salesclerks are in the marketing division and order requiring credit authorization is taken to the credit manager in the treasury division.
2. Are sales of the following types controlled by the same procedures described below? Sales to employees, COD sales, disposals of property, cash sales, and scrap sales.
No
The sales by various teams are handled differently as per organization policies and methods.
3. Is access to sales invoice blanks restricted?
Yes
Sales bills are locked up in the billing division and are taken out on an as-needed basis.
4. Are pre-numbered bills of lading or other shipping documents prepared or completed in the shipping department?
Yes
The delivery division utilizes a pre-numbered Bill of Lading havi
ACC 490 Week 4 LT Assignment Apollo Shoes Case Assignment 2015 versionplasketholli
Sample content
Learning Team Assignment:
Internal Control Audit – Apollo Shoes
ACC 490
Assertions and Questions
Yes, No, N/A
Comments
Occurrence assertion:
1. Is the credit department independent of the sales department?
Yes
The salesclerks are in the marketing division and order requiring credit authorization is taken to the credit manager in the treasury division.
2. Are sales of the following types controlled by the same procedures described below? Sales to employees, COD sales, disposals of property, cash sales, and scrap sales.
No
The sales by various teams are handled differently as per organization policies and methods.
3. Is access to sales invoice blanks restricted?
Yes
Sales bills are locked up in the billing division and are taken out on an as-needed basis.
4. Are pre-numbered bills of lading or other shipping documents prepared or completed in the shipping department?
Yes
The delivery division utilizes a pre-numbered Bill of Lading havi
ACC 490 Week 4 LT Assignment Apollo Shoes Case Assignment 2015 versionplasketholli
Sample content
Learning Team Assignment:
Internal Control Audit – Apollo Shoes
ACC 490
Assertions and Questions
Yes, No, N/A
Comments
Occurrence assertion:
1. Is the credit department independent of the sales department?
Yes
The salesclerks are in the marketing division and order requiring credit authorization is taken to the credit manager in the treasury division.
2. Are sales of the following types controlled by the same procedures described below? Sales to employees, COD sales, disposals of property, cash sales, and scrap sales.
No
The sales by various teams are handled differently as per organization policies and methods.
3. Is access to sales invoice blanks restricted?
Yes
Sales bills are locked up in the billing division and are taken out on an as-needed basis.
4. Are pre-numbered bills of lading or other shipping documents prepared or completed in the shipping department?
Yes
The delivery division utilizes a pre-numbered Bill of Lading havi
ACC 490 Week 4 LT Assignment Apollo Shoes Case Assignment 2015 versionplasketholli
Sample content
Learning Team Assignment:
Internal Control Audit – Apollo Shoes
ACC 490
Assertions and Questions
Yes, No, N/A
Comments
Occurrence assertion:
1. Is the credit department independent of the sales department?
Yes
The salesclerks are in the marketing division and order requiring credit authorization is taken to the credit manager in the treasury division.
2. Are sales of the following types controlled by the same procedures described below? Sales to employees, COD sales, disposals of property, cash sales, and scrap sales.
No
The sales by various teams are handled differently as per organization policies and methods.
3. Is access to sales invoice blanks restricted?
Yes
Sales bills are locked up in the billing division and are taken out on an as-needed basis.
4. Are pre-numbered bills of lading or other shipping documents prepared or completed in the shipping department?
Yes
The delivery division utilizes a pre-numbered Bill of Lading havi
ACC 490 Week 4 LT Assignment Apollo Shoes Case Assignment 2015 versionplasketholli
Sample content
Learning Team Assignment:
Internal Control Audit – Apollo Shoes
ACC 490
Assertions and Questions
Yes, No, N/A
Comments
Occurrence assertion:
1. Is the credit department independent of the sales department?
Yes
The salesclerks are in the marketing division and order requiring credit authorization is taken to the credit manager in the treasury division.
2. Are sales of the following types controlled by the same procedures described below? Sales to employees, COD sales, disposals of property, cash sales, and scrap sales.
No
The sales by various teams are handled differently as per organization policies and methods.
3. Is access to sales invoice blanks restricted?
Yes
Sales bills are locked up in the billing division and are taken out on an as-needed basis.
4. Are pre-numbered bills of lading or other shipping documents prepared or completed in the shipping department?
Yes
The delivery division utilizes a pre-numbered Bill of Lading havi
ACC 490 Week 4 LT Assignment Apollo Shoes Case Assignment 2015 versionplasketholli
Sample content
Learning Team Assignment:
Internal Control Audit – Apollo Shoes
ACC 490
Assertions and Questions
Yes, No, N/A
Comments
Occurrence assertion:
1. Is the credit department independent of the sales department?
Yes
The salesclerks are in the marketing division and order requiring credit authorization is taken to the credit manager in the treasury division.
2. Are sales of the following types controlled by the same procedures described below? Sales to employees, COD sales, disposals of property, cash sales, and scrap sales.
No
The sales by various teams are handled differently as per organization policies and methods.
3. Is access to sales invoice blanks restricted?
Yes
Sales bills are locked up in the billing division and are taken out on an as-needed basis.
4. Are pre-numbered bills of lading or other shipping documents prepared or completed in the shipping department?
Yes
The delivery division utilizes a pre-numbered Bill of Lading havi
ACC 490 Week 4 LT Assignment Apollo Shoes Case Assignment 2015 versioncorabelladumouchel
Sample content
Learning Team Assignment:
Internal Control Audit – Apollo Shoes
ACC 490
Assertions and Questions
Yes, No, N/A
Comments
Occurrence assertion:
1. Is the credit department independent of the sales department?
Yes
The salesclerks are in the marketing division and order requiring credit authorization is taken to the credit manager in the treasury division.
2. Are sales of the following types controlled by the same procedures described below? Sales to employees, COD sales, disposals of property, cash sales, and scrap sales.
No
The sales by various teams are handled differently as per organization policies and methods.
3. Is access to sales invoice blanks restricted?
Yes
Sales bills are locked up in the billing division and are taken out on an as-needed basis.
4. Are pre-numbered bills of lading or other shipping documents prepared or completed in the shipping department?
Yes
The delivery division utilizes a pre-numbered Bill of Lading havi
ACC 490 Week 4 LT Assignment Apollo Shoes Case Assignment 2015 versioncatrinasrednicki
Sample content
Learning Team Assignment:
Internal Control Audit – Apollo Shoes
ACC 490
Assertions and Questions
Yes, No, N/A
Comments
Occurrence assertion:
1. Is the credit department independent of the sales department?
Yes
The salesclerks are in the marketing division and order requiring credit authorization is taken to the credit manager in the treasury division.
2. Are sales of the following types controlled by the same procedures described below? Sales to employees, COD sales, disposals of property, cash sales, and scrap sales.
No
The sales by various teams are handled differently as per organization policies and methods.
3. Is access to sales invoice blanks restricted?
Yes
Sales bills are locked up in the billing division and are taken out on an as-needed basis.
4. Are pre-numbered bills of lading or other shipping documents prepared or completed in the shipping department?
Yes
The delivery division utilizes a pre-numbered Bill of Lading havi
ACC 490 Week 4 LT Assignment Apollo Shoes Case Assignment 2015 versionplasketholli
Sample content
Learning Team Assignment:
Internal Control Audit – Apollo Shoes
ACC 490
Assertions and Questions
Yes, No, N/A
Comments
Occurrence assertion:
1. Is the credit department independent of the sales department?
Yes
The salesclerks are in the marketing division and order requiring credit authorization is taken to the credit manager in the treasury division.
2. Are sales of the following types controlled by the same procedures described below? Sales to employees, COD sales, disposals of property, cash sales, and scrap sales.
No
The sales by various teams are handled differently as per organization policies and methods.
3. Is access to sales invoice blanks restricted?
Yes
Sales bills are locked up in the billing division and are taken out on an as-needed basis.
4. Are pre-numbered bills of lading or other shipping documents prepared or completed in the shipping department?
Yes
The delivery division utilizes a pre-numbered Bill of Lading havi
ACC 490 Week 4 LT Assignment Apollo Shoes Case Assignment 2015 versioncorabelladumouchel
Sample content
Learning Team Assignment:
Internal Control Audit – Apollo Shoes
ACC 490
Assertions and Questions
Yes, No, N/A
Comments
Occurrence assertion:
1. Is the credit department independent of the sales department?
Yes
The salesclerks are in the marketing division and order requiring credit authorization is taken to the credit manager in the treasury division.
2. Are sales of the following types controlled by the same procedures described below? Sales to employees, COD sales, disposals of property, cash sales, and scrap sales.
No
The sales by various teams are handled differently as per organization policies and methods.
3. Is access to sales invoice blanks restricted?
Yes
Sales bills are locked up in the billing division and are taken out on an as-needed basis.
4. Are pre-numbered bills of lading or other shipping documents prepared or completed in the shipping department?
Yes
The delivery division utilizes a pre-numbered Bill of Lading havi
ACC 490 Week 4 LT Assignment Apollo Shoes Case Assignment 2015 versioncorabelladumouchel
Sample content
Learning Team Assignment:
Internal Control Audit – Apollo Shoes
ACC 490
Assertions and Questions
Yes, No, N/A
Comments
Occurrence assertion:
1. Is the credit department independent of the sales department?
Yes
The salesclerks are in the marketing division and order requiring credit authorization is taken to the credit manager in the treasury division.
2. Are sales of the following types controlled by the same procedures described below? Sales to employees, COD sales, disposals of property, cash sales, and scrap sales.
No
The sales by various teams are handled differently as per organization policies and methods.
3. Is access to sales invoice blanks restricted?
Yes
Sales bills are locked up in the billing division and are taken out on an as-needed basis.
4. Are pre-numbered bills of lading or other shipping documents prepared or completed in the shipping department?
Yes
The delivery division utilizes a pre-numbered Bill of Lading havi
ACC 490 Week 4 LT Assignment Apollo Shoes Case Assignment 2015 versionplasketholli
Sample content
Learning Team Assignment:
Internal Control Audit – Apollo Shoes
ACC 490
Assertions and Questions
Yes, No, N/A
Comments
Occurrence assertion:
1. Is the credit department independent of the sales department?
Yes
The salesclerks are in the marketing division and order requiring credit authorization is taken to the credit manager in the treasury division.
2. Are sales of the following types controlled by the same procedures described below? Sales to employees, COD sales, disposals of property, cash sales, and scrap sales.
No
The sales by various teams are handled differently as per organization policies and methods.
3. Is access to sales invoice blanks restricted?
Yes
Sales bills are locked up in the billing division and are taken out on an as-needed basis.
4. Are pre-numbered bills of lading or other shipping documents prepared or completed in the shipping department?
Yes
The delivery division utilizes a pre-numbered Bill of Lading havi
"In the times where acquisitions and buyouts are trending, the field of due diligence emerges as one of the most relevant fields. Prima facie, without delving in"
TaxGuru is a platform that provides Updates On Amendments in Income Tax, Wealth Tax, Company Law, Service Tax, RBI, Custom Duty, Corporate Law , Goods and Service Tax etc.
To know more visit https://taxguru.in/corporate-law/process-due-diligence.html
"In the times where acquisitions and buyouts are trending, the field of due diligence emerges as one of the most relevant fields. Prima facie, without delving in"
TaxGuru is a platform that provides Updates On Amendments in Income Tax, Wealth Tax, Company Law, Service Tax, RBI, Custom Duty, Corporate Law , Goods and Service Tax etc.
To know more visit https://taxguru.in/corporate-law/process-due-diligence.html
ACC 490 Week 4 LT Assignment Apollo Shoes Case Assignment 2015 versioncorabelladumouchel
Sample content
Learning Team Assignment:
Internal Control Audit – Apollo Shoes
ACC 490
Assertions and Questions
Yes, No, N/A
Comments
Occurrence assertion:
1. Is the credit department independent of the sales department?
Yes
The salesclerks are in the marketing division and order requiring credit authorization is taken to the credit manager in the treasury division.
2. Are sales of the following types controlled by the same procedures described below? Sales to employees, COD sales, disposals of property, cash sales, and scrap sales.
No
The sales by various teams are handled differently as per organization policies and methods.
3. Is access to sales invoice blanks restricted?
Yes
Sales bills are locked up in the billing division and are taken out on an as-needed basis.
4. Are pre-numbered bills of lading or other shipping documents prepared or completed in the shipping department?
Yes
The delivery division utilizes a pre-numbered Bill of Lading havi
ACC 490 Week 4 LT Assignment Apollo Shoes Case Assignment 2015 versioncorabelladumouchel
Sample content
Learning Team Assignment:
Internal Control Audit – Apollo Shoes
ACC 490
Assertions and Questions
Yes, No, N/A
Comments
Occurrence assertion:
1. Is the credit department independent of the sales department?
Yes
The salesclerks are in the marketing division and order requiring credit authorization is taken to the credit manager in the treasury division.
2. Are sales of the following types controlled by the same procedures described below? Sales to employees, COD sales, disposals of property, cash sales, and scrap sales.
No
The sales by various teams are handled differently as per organization policies and methods.
3. Is access to sales invoice blanks restricted?
Yes
Sales bills are locked up in the billing division and are taken out on an as-needed basis.
4. Are pre-numbered bills of lading or other shipping documents prepared or completed in the shipping department?
Yes
The delivery division utilizes a pre-numbered Bill of Lading havi
ACC 490 Week 4 LT Assignment Apollo Shoes Case Assignment 2015 versionplasketholli
Sample content
Learning Team Assignment:
Internal Control Audit – Apollo Shoes
ACC 490
Assertions and Questions
Yes, No, N/A
Comments
Occurrence assertion:
1. Is the credit department independent of the sales department?
Yes
The salesclerks are in the marketing division and order requiring credit authorization is taken to the credit manager in the treasury division.
2. Are sales of the following types controlled by the same procedures described below? Sales to employees, COD sales, disposals of property, cash sales, and scrap sales.
No
The sales by various teams are handled differently as per organization policies and methods.
3. Is access to sales invoice blanks restricted?
Yes
Sales bills are locked up in the billing division and are taken out on an as-needed basis.
4. Are pre-numbered bills of lading or other shipping documents prepared or completed in the shipping department?
Yes
The delivery division utilizes a pre-numbered Bill of Lading havi
ACC 490 Week 4 LT Assignment Apollo Shoes Case Assignment 2015 versionplasketholli
Sample content
Learning Team Assignment:
Internal Control Audit – Apollo Shoes
ACC 490
Assertions and Questions
Yes, No, N/A
Comments
Occurrence assertion:
1. Is the credit department independent of the sales department?
Yes
The salesclerks are in the marketing division and order requiring credit authorization is taken to the credit manager in the treasury division.
2. Are sales of the following types controlled by the same procedures described below? Sales to employees, COD sales, disposals of property, cash sales, and scrap sales.
No
The sales by various teams are handled differently as per organization policies and methods.
3. Is access to sales invoice blanks restricted?
Yes
Sales bills are locked up in the billing division and are taken out on an as-needed basis.
4. Are pre-numbered bills of lading or other shipping documents prepared or completed in the shipping department?
Yes
The delivery division utilizes a pre-numbered Bill of Lading havi
ACC 490 Week 4 LT Assignment Apollo Shoes Case Assignment 2015 versionplasketholli
Sample content
Learning Team Assignment:
Internal Control Audit – Apollo Shoes
ACC 490
Assertions and Questions
Yes, No, N/A
Comments
Occurrence assertion:
1. Is the credit department independent of the sales department?
Yes
The salesclerks are in the marketing division and order requiring credit authorization is taken to the credit manager in the treasury division.
2. Are sales of the following types controlled by the same procedures described below? Sales to employees, COD sales, disposals of property, cash sales, and scrap sales.
No
The sales by various teams are handled differently as per organization policies and methods.
3. Is access to sales invoice blanks restricted?
Yes
Sales bills are locked up in the billing division and are taken out on an as-needed basis.
4. Are pre-numbered bills of lading or other shipping documents prepared or completed in the shipping department?
Yes
The delivery division utilizes a pre-numbered Bill of Lading havi
ACC 490 Week 4 LT Assignment Apollo Shoes Case Assignment 2015 versionplasketholli
Sample content
Learning Team Assignment:
Internal Control Audit – Apollo Shoes
ACC 490
Assertions and Questions
Yes, No, N/A
Comments
Occurrence assertion:
1. Is the credit department independent of the sales department?
Yes
The salesclerks are in the marketing division and order requiring credit authorization is taken to the credit manager in the treasury division.
2. Are sales of the following types controlled by the same procedures described below? Sales to employees, COD sales, disposals of property, cash sales, and scrap sales.
No
The sales by various teams are handled differently as per organization policies and methods.
3. Is access to sales invoice blanks restricted?
Yes
Sales bills are locked up in the billing division and are taken out on an as-needed basis.
4. Are pre-numbered bills of lading or other shipping documents prepared or completed in the shipping department?
Yes
The delivery division utilizes a pre-numbered Bill of Lading havi
ACC 490 Week 4 LT Assignment Apollo Shoes Case Assignment 2015 versionplasketholli
Sample content
Learning Team Assignment:
Internal Control Audit – Apollo Shoes
ACC 490
Assertions and Questions
Yes, No, N/A
Comments
Occurrence assertion:
1. Is the credit department independent of the sales department?
Yes
The salesclerks are in the marketing division and order requiring credit authorization is taken to the credit manager in the treasury division.
2. Are sales of the following types controlled by the same procedures described below? Sales to employees, COD sales, disposals of property, cash sales, and scrap sales.
No
The sales by various teams are handled differently as per organization policies and methods.
3. Is access to sales invoice blanks restricted?
Yes
Sales bills are locked up in the billing division and are taken out on an as-needed basis.
4. Are pre-numbered bills of lading or other shipping documents prepared or completed in the shipping department?
Yes
The delivery division utilizes a pre-numbered Bill of Lading havi
ACC 490 Week 4 LT Assignment Apollo Shoes Case Assignment 2015 versioncorabelladumouchel
Sample content
Learning Team Assignment:
Internal Control Audit – Apollo Shoes
ACC 490
Assertions and Questions
Yes, No, N/A
Comments
Occurrence assertion:
1. Is the credit department independent of the sales department?
Yes
The salesclerks are in the marketing division and order requiring credit authorization is taken to the credit manager in the treasury division.
2. Are sales of the following types controlled by the same procedures described below? Sales to employees, COD sales, disposals of property, cash sales, and scrap sales.
No
The sales by various teams are handled differently as per organization policies and methods.
3. Is access to sales invoice blanks restricted?
Yes
Sales bills are locked up in the billing division and are taken out on an as-needed basis.
4. Are pre-numbered bills of lading or other shipping documents prepared or completed in the shipping department?
Yes
The delivery division utilizes a pre-numbered Bill of Lading havi
ACC 490 Week 4 LT Assignment Apollo Shoes Case Assignment 2015 versioncatrinasrednicki
Sample content
Learning Team Assignment:
Internal Control Audit – Apollo Shoes
ACC 490
Assertions and Questions
Yes, No, N/A
Comments
Occurrence assertion:
1. Is the credit department independent of the sales department?
Yes
The salesclerks are in the marketing division and order requiring credit authorization is taken to the credit manager in the treasury division.
2. Are sales of the following types controlled by the same procedures described below? Sales to employees, COD sales, disposals of property, cash sales, and scrap sales.
No
The sales by various teams are handled differently as per organization policies and methods.
3. Is access to sales invoice blanks restricted?
Yes
Sales bills are locked up in the billing division and are taken out on an as-needed basis.
4. Are pre-numbered bills of lading or other shipping documents prepared or completed in the shipping department?
Yes
The delivery division utilizes a pre-numbered Bill of Lading havi
ACC 490 Week 4 LT Assignment Apollo Shoes Case Assignment 2015 versionplasketholli
Sample content
Learning Team Assignment:
Internal Control Audit – Apollo Shoes
ACC 490
Assertions and Questions
Yes, No, N/A
Comments
Occurrence assertion:
1. Is the credit department independent of the sales department?
Yes
The salesclerks are in the marketing division and order requiring credit authorization is taken to the credit manager in the treasury division.
2. Are sales of the following types controlled by the same procedures described below? Sales to employees, COD sales, disposals of property, cash sales, and scrap sales.
No
The sales by various teams are handled differently as per organization policies and methods.
3. Is access to sales invoice blanks restricted?
Yes
Sales bills are locked up in the billing division and are taken out on an as-needed basis.
4. Are pre-numbered bills of lading or other shipping documents prepared or completed in the shipping department?
Yes
The delivery division utilizes a pre-numbered Bill of Lading havi
ACC 490 Week 4 LT Assignment Apollo Shoes Case Assignment 2015 versioncorabelladumouchel
Sample content
Learning Team Assignment:
Internal Control Audit – Apollo Shoes
ACC 490
Assertions and Questions
Yes, No, N/A
Comments
Occurrence assertion:
1. Is the credit department independent of the sales department?
Yes
The salesclerks are in the marketing division and order requiring credit authorization is taken to the credit manager in the treasury division.
2. Are sales of the following types controlled by the same procedures described below? Sales to employees, COD sales, disposals of property, cash sales, and scrap sales.
No
The sales by various teams are handled differently as per organization policies and methods.
3. Is access to sales invoice blanks restricted?
Yes
Sales bills are locked up in the billing division and are taken out on an as-needed basis.
4. Are pre-numbered bills of lading or other shipping documents prepared or completed in the shipping department?
Yes
The delivery division utilizes a pre-numbered Bill of Lading havi
ACC 490 Week 4 LT Assignment Apollo Shoes Case Assignment 2015 versioncorabelladumouchel
Sample content
Learning Team Assignment:
Internal Control Audit – Apollo Shoes
ACC 490
Assertions and Questions
Yes, No, N/A
Comments
Occurrence assertion:
1. Is the credit department independent of the sales department?
Yes
The salesclerks are in the marketing division and order requiring credit authorization is taken to the credit manager in the treasury division.
2. Are sales of the following types controlled by the same procedures described below? Sales to employees, COD sales, disposals of property, cash sales, and scrap sales.
No
The sales by various teams are handled differently as per organization policies and methods.
3. Is access to sales invoice blanks restricted?
Yes
Sales bills are locked up in the billing division and are taken out on an as-needed basis.
4. Are pre-numbered bills of lading or other shipping documents prepared or completed in the shipping department?
Yes
The delivery division utilizes a pre-numbered Bill of Lading havi
ACC 490 Week 4 LT Assignment Apollo Shoes Case Assignment 2015 versionplasketholli
Sample content
Learning Team Assignment:
Internal Control Audit – Apollo Shoes
ACC 490
Assertions and Questions
Yes, No, N/A
Comments
Occurrence assertion:
1. Is the credit department independent of the sales department?
Yes
The salesclerks are in the marketing division and order requiring credit authorization is taken to the credit manager in the treasury division.
2. Are sales of the following types controlled by the same procedures described below? Sales to employees, COD sales, disposals of property, cash sales, and scrap sales.
No
The sales by various teams are handled differently as per organization policies and methods.
3. Is access to sales invoice blanks restricted?
Yes
Sales bills are locked up in the billing division and are taken out on an as-needed basis.
4. Are pre-numbered bills of lading or other shipping documents prepared or completed in the shipping department?
Yes
The delivery division utilizes a pre-numbered Bill of Lading havi
Similar to Introduction to auditing the revenue process (20)
What price will pi network be listed on exchangesDOT TECH
The rate at which pi will be listed is practically unknown. But due to speculations surrounding it the predicted rate is tends to be from 30$ — 50$.
So if you are interested in selling your pi network coins at a high rate tho. Or you can't wait till the mainnet launch in 2026. You can easily trade your pi coins with a merchant.
A merchant is someone who buys pi coins from miners and resell them to Investors looking forward to hold massive quantities till mainnet launch.
I will leave the telegram contact of my personal pi vendor to trade with.
@Pi_vendor_247
how can I sell my pi coins for cash in a pi APPDOT TECH
You can't sell your pi coins in the pi network app. because it is not listed yet on any exchange.
The only way you can sell is by trading your pi coins with an investor (a person looking forward to hold massive amounts of pi coins before mainnet launch) .
You don't need to meet the investor directly all the trades are done with a pi vendor/merchant (a person that buys the pi coins from miners and resell it to investors)
I Will leave The telegram contact of my personal pi vendor, if you are finding a legitimate one.
@Pi_vendor_247
#pi network
#pi coins
#money
USDA Loans in California: A Comprehensive Overview.pptxmarketing367770
USDA Loans in California: A Comprehensive Overview
If you're dreaming of owning a home in California's rural or suburban areas, a USDA loan might be the perfect solution. The U.S. Department of Agriculture (USDA) offers these loans to help low-to-moderate-income individuals and families achieve homeownership.
Key Features of USDA Loans:
Zero Down Payment: USDA loans require no down payment, making homeownership more accessible.
Competitive Interest Rates: These loans often come with lower interest rates compared to conventional loans.
Flexible Credit Requirements: USDA loans have more lenient credit score requirements, helping those with less-than-perfect credit.
Guaranteed Loan Program: The USDA guarantees a portion of the loan, reducing risk for lenders and expanding borrowing options.
Eligibility Criteria:
Location: The property must be located in a USDA-designated rural or suburban area. Many areas in California qualify.
Income Limits: Applicants must meet income guidelines, which vary by region and household size.
Primary Residence: The home must be used as the borrower's primary residence.
Application Process:
Find a USDA-Approved Lender: Not all lenders offer USDA loans, so it's essential to choose one approved by the USDA.
Pre-Qualification: Determine your eligibility and the amount you can borrow.
Property Search: Look for properties in eligible rural or suburban areas.
Loan Application: Submit your application, including financial and personal information.
Processing and Approval: The lender and USDA will review your application. If approved, you can proceed to closing.
USDA loans are an excellent option for those looking to buy a home in California's rural and suburban areas. With no down payment and flexible requirements, these loans make homeownership more attainable for many families. Explore your eligibility today and take the first step toward owning your dream home.
The European Unemployment Puzzle: implications from population agingGRAPE
We study the link between the evolving age structure of the working population and unemployment. We build a large new Keynesian OLG model with a realistic age structure, labor market frictions, sticky prices, and aggregate shocks. Once calibrated to the European economy, we quantify the extent to which demographic changes over the last three decades have contributed to the decline of the unemployment rate. Our findings yield important implications for the future evolution of unemployment given the anticipated further aging of the working population in Europe. We also quantify the implications for optimal monetary policy: lowering inflation volatility becomes less costly in terms of GDP and unemployment volatility, which hints that optimal monetary policy may be more hawkish in an aging society. Finally, our results also propose a partial reversal of the European-US unemployment puzzle due to the fact that the share of young workers is expected to remain robust in the US.
how to sell pi coins in all Africa Countries.DOT TECH
Yes. You can sell your pi network for other cryptocurrencies like Bitcoin, usdt , Ethereum and other currencies And this is done easily with the help from a pi merchant.
What is a pi merchant ?
Since pi is not launched yet in any exchange. The only way you can sell right now is through merchants.
A verified Pi merchant is someone who buys pi network coins from miners and resell them to investors looking forward to hold massive quantities of pi coins before mainnet launch in 2026.
I will leave the telegram contact of my personal pi merchant to trade with.
@Pi_vendor_247
Falcon stands out as a top-tier P2P Invoice Discounting platform in India, bridging esteemed blue-chip companies and eager investors. Our goal is to transform the investment landscape in India by establishing a comprehensive destination for borrowers and investors with diverse profiles and needs, all while minimizing risk. What sets Falcon apart is the elimination of intermediaries such as commercial banks and depository institutions, allowing investors to enjoy higher yields.
how to sell pi coins on Bitmart crypto exchangeDOT TECH
Yes. Pi network coins can be exchanged but not on bitmart exchange. Because pi network is still in the enclosed mainnet. The only way pioneers are able to trade pi coins is by reselling the pi coins to pi verified merchants.
A verified merchant is someone who buys pi network coins and resell it to exchanges looking forward to hold till mainnet launch.
I will leave the telegram contact of my personal pi merchant to trade with.
@Pi_vendor_247
Poonawalla Fincorp and IndusInd Bank Introduce New Co-Branded Credit Cardnickysharmasucks
The unveiling of the IndusInd Bank Poonawalla Fincorp eLITE RuPay Platinum Credit Card marks a notable milestone in the Indian financial landscape, showcasing a successful partnership between two leading institutions, Poonawalla Fincorp and IndusInd Bank. This co-branded credit card not only offers users a plethora of benefits but also reflects a commitment to innovation and adaptation. With a focus on providing value-driven and customer-centric solutions, this launch represents more than just a new product—it signifies a step towards redefining the banking experience for millions. Promising convenience, rewards, and a touch of luxury in everyday financial transactions, this collaboration aims to cater to the evolving needs of customers and set new standards in the industry.
If you are looking for a pi coin investor. Then look no further because I have the right one he is a pi vendor (he buy and resell to whales in China). I met him on a crypto conference and ever since I and my friends have sold more than 10k pi coins to him And he bought all and still want more. I will drop his telegram handle below just send him a message.
@Pi_vendor_247
Resume
• Real GDP growth slowed down due to problems with access to electricity caused by the destruction of manoeuvrable electricity generation by Russian drones and missiles.
• Exports and imports continued growing due to better logistics through the Ukrainian sea corridor and road. Polish farmers and drivers stopped blocking borders at the end of April.
• In April, both the Tax and Customs Services over-executed the revenue plan. Moreover, the NBU transferred twice the planned profit to the budget.
• The European side approved the Ukraine Plan, which the government adopted to determine indicators for the Ukraine Facility. That approval will allow Ukraine to receive a EUR 1.9 bn loan from the EU in May. At the same time, the EU provided Ukraine with a EUR 1.5 bn loan in April, as the government fulfilled five indicators under the Ukraine Plan.
• The USA has finally approved an aid package for Ukraine, which includes USD 7.8 bn of budget support; however, the conditions and timing of the assistance are still unknown.
• As in March, annual consumer inflation amounted to 3.2% yoy in April.
• At the April monetary policy meeting, the NBU again reduced the key policy rate from 14.5% to 13.5% per annum.
• Over the past four weeks, the hryvnia exchange rate has stabilized in the UAH 39-40 per USD range.
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Introduction to Indian Financial System ()Avanish Goel
The financial system of a country is an important tool for economic development of the country, as it helps in creation of wealth by linking savings with investments.
It facilitates the flow of funds form the households (savers) to business firms (investors) to aid in wealth creation and development of both the parties
how to sell pi coins at high rate quickly.DOT TECH
Where can I sell my pi coins at a high rate.
Pi is not launched yet on any exchange. But one can easily sell his or her pi coins to investors who want to hold pi till mainnet launch.
This means crypto whales want to hold pi. And you can get a good rate for selling pi to them. I will leave the telegram contact of my personal pi vendor below.
A vendor is someone who buys from a miner and resell it to a holder or crypto whale.
Here is the telegram contact of my vendor:
@Pi_vendor_247
how to sell pi coins effectively (from 50 - 100k pi)DOT TECH
Anywhere in the world, including Africa, America, and Europe, you can sell Pi Network Coins online and receive cash through online payment options.
Pi has not yet been launched on any exchange because we are currently using the confined Mainnet. The planned launch date for Pi is June 28, 2026.
Reselling to investors who want to hold until the mainnet launch in 2026 is currently the sole way to sell.
Consequently, right now. All you need to do is select the right pi network provider.
Who is a pi merchant?
An individual who buys coins from miners on the pi network and resells them to investors hoping to hang onto them until the mainnet is launched is known as a pi merchant.
debuts.
I'll provide you the Telegram username
@Pi_vendor_247
2. 10-2
Revenue Recognition
Revenue is defined as inflows or other enhancements
of assets of an entity or settlements of its liabilities
(or a combination of both) from delivery or producing
goods, rendering services, or other activities that
constitute the entity’s major or central operations.
LO# 1
3. 10-3
Overview of the Revenue
Process
Purchases
Inventory
Credit sales
Account
receivable
Cash
collection
Purchases
Inventory
Cash
sales
Cash Sale Credit Sale
LO# 2
4. 10-4
Types of Transactions and
Financial Statement Accounts
Affected
The revenue process affects numerous accounts in the
financial statements. The most significant accounts are:
LO# 3
6. 10-6
The Major Functions
Functions of the Purchasing Process
Order entry Acceptance of customer orders for goods and services into
the system in accordance with management criteria.
Credit authorization
Appropriate approval of customer orders for
creditworthiness.
Shipping Shipping of goods that has been authorized.
Billing
Issuanace of sales invoices to customers for goods
shipped or services provided; also, processing of billing
adjustments for allowances, discounts, and returns.
Cash receipts Processing of the receipt of cash from customers.
Accounts receivable
Recording of all sales invoices, collections, and credit
memoranda in individual customer accounts.
General ledger
Proper accumulation, classification, and summarization of
revenues, collections, and recivables in the financial
statement accounts.
LO# 5
7. 10-7
Key Segregation of Duties
Segregation of Duties for Revenue and Accounts
Receivable Functions by Department
LO# 6
8. 10-8
Inherent Risk Assessment
The four inherent risk factors that may affect the
revenue process are:
1. Industry-related factors.
2. The complexity and contentiousness of revenue
recognition issues.
3. The difficulty of auditing transactions and account
balances.
4. Misstatements detected in prior audits.
LO# 7
9. 10-9
Control Risk Assessment
Understand and document the revenue
process based on a reliance approach.
Plan and perform tests of controls on revenue
transactions.
Sett and document the control risk for the
revenue process.
LO# 8
10. 10-10
Assertions about Classes of
Transactions and Events for the
Period Under Audit
Occurrence
All revenue and cash receipt transactions and events
that have been recorded have occurred and pertain to
the entity.
Completeness
All revenue and cash receipt transactions and events
that should have been recorded have been recorded.
Authorization
All revenue and cash receipts transactions and events
are properly authorized.
Accuracy
Amounts and other data relating to recorded revenue
and cash receipt transactions and events have been
recorded appropriately.
Cutoff All revenue and cash receipt transactions and events
have been recorded in the correct accounting period.
Classification
All revenue and cash receipt transactions and events
have been recorded in the proper accounts.
LO# 9
13. 10-13
Control Activities and Tests of
Controls – Sales Returns and
Allowances
Sales returns and allowances is usually not a
material amount in the financial statements.
However, credit memoranda that are used to
process sales returns can also be used to cover an
unauthorized shipment of goods or conceal a
misappropriation of cash. As a result, all credit
memoranda should be properly authorized.
LO# 9
14. 10-14
Relating the Assessed Level
of Control Risk to Substantive
Procedures
The auditor’s testing of control for revenue
processing impacts the detection risk and
therefore the level of substantive procedures
impacted by the controls.
Cash
Accounts
receivable
Allowance
for bad
debts
Bad debts
expense
Sales returns
and
allowances
LO# 10
15. 10-15
Substantive Analytical Procedures
Ratios used for comparative purposes
include:
1. Receivables turnover and days outstanding
in accounts receivable.
2. Aging categories on aged trial balance of
accounts receivable.
3. Bad-debts expense as a percent of revenue.
4. Allowance for uncollectible accounts as a
percent of accounts receivable or credit
sales.
5. Large account balances compared to last
period.
LO# 11
16. 10-16
Tests of Details of Transactions
Occurrence
A sample of transactions from the sales journal should
be traced to the sales invoice, customer order, and
shipping document.
Completeness
A sample of shipping documents should be traced to
related sales invoice and customer's account.
Authorization
and Accuracy
Compare prices and terms for sample of sales
invoices with authorized price list.
Cutoff From a sample, compare date of sales invoice with
date of shipment and date sale was recorded.
Classification
For a sample of sales invoices, determine that each is
properly classified in the revenue accounts.
For Accounts Receivable, Allowance for Uncollectible
Accounts, and Bad-Debt Expense
LO# 12
17. 10-17
Tests of Details of Account
Balances and Disclosures
Existence
Confirmation of selected accounts receivable and
alternative procedures for exceptions and
nonresponses.
Rights and
Obligations
Review of bank confirmations for any liens on
receivables and inquiry of management.
Completeness
Agree aged trial balance to general ledger and trace
selected shipping documents to subsidiary ledger.
Valuation and
Allocation
Examine results of confirmations and review
adequacy of allowance for uncollectible accounts.
Disclosure
Review financial statements for proper presentation
and disclosure of receivables and related accounts.
For Accounts Receivable, Allowance for Uncollectible
Accounts, and Bad-Debt Expense
LO# 13
18. 10-18
Types of Confirmations
Positive
Confirmation
Requests that
customers indicate
whether they agree
with the amount due
to the client. A
response is expected
whether the customer
agrees or disagrees
with the balance
indicated.
Negative
Confirmation
Requests that the
customer respond only
when they disagree
with the amount due
to the client. Negative
confirmations are used
when the client has
many small account
balances and control
risk is assessed as low.
LO# 14
19. 10-19
Confirmation Procedures
The auditor should mail the confirmation
requests outside the client’s facilities. A
record should be maintained of the
confirmations mailed and those returned.
A second request may be necessary in
some cases.
For each exception received, the
auditor should examine the reasons
for the difference between the
balance on the client’s books and
the balance indicated by the
customer.
LO# 14
20. 10-20
Alternative Procedures
When the auditor does not receive responses
to positive confirmations, alternative audit
procedures are used. These alternative
procedures include:
1. Examination of subsequent cash receipts.
2. Examination of customer orders, shipping documents,
and duplicate sales invoices.
3. Examination of other client documentation.
LO# 14
21. 10-21
Auditing Other Receivables
Other types of receivables that are reported on the
balance sheet may include: (1) receivables from officers
and employees, (2) receivables from related parties, and
(3) notes receivable. The auditor’s concern with
satisfying the assertions for these receivables is similar
to that for trade accounts receivable. Each of these
types of receivables is confirmed and evaluated for
collectability. The transactions that result in receivables
from related parties are examined to determine if they
were at “arm’s length.” Notes receivable would also be
confirmed and examined for repayment terms and
whether interest income has been properly recognized.
LO# 15
22. 10-22
Evaluating the Audit Findings
When the auditor has completed the planned
substantive procedures, the likely misstatement
(projected misstatement plus an allowance for
sampling risk) for accounts receivable is determined.
Likely misstatement
less than tolerable
misstatement
Likely misstatement
greater than tolerable
misstatement
Accept the account
as fairly presented.
Account is not fairly
presented.
LO# 16