Revenue cycle is a process or an activity of a company that starts from making of the goods or services and ends with receipt of cash for making sales of goods or services. Requirement 1 To ascertain: List out the relevant substantive analytical procedures in the revenue cycle and explain how these procedures are related to management assertions.

Question

Revenue Cycle. Discuss how the nature of the necessary internal control features is affected by switching from a manual system to a large-scale computer-based accounting system. а.

Answer 1

Question

Chapter 9, Problem 61RSCQ

To determine

Introduction:

Revenue cycle is a process or an activity of a company that starts from making of the goods or services and ends with receipt of cash for making sales of goods or services.

Requirement 1

To ascertain:

List out the relevant substantive analytical procedures in the revenue cycle and explain how these procedures are related to management assertions.

To determine

Introduction:

Revenue cycle is a process or an activity of a company that starts from making of the goods or services and ends with receipt of cash for making sales of goods or services.

Requirement 2

To ascertain:

For the given procedures from 1 to 6, indicate the testing of the assertion.

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Revenue Cycle. Discuss how the nature of the necessary internal control features is affected by switching from a manual system to a large-scale computer-based accounting system. а.

1. Explain the basic processes involved in documenting revenue transactions as a part of the audit on sales. 2.

What tools do auditors use to verify the ending balances in the various accounts in the acquisition and payments cycle? Please provide reference(s).

Answer 2

Question

Chapter 9, Problem 61RSCQ

To determine

Introduction:

Revenue cycle is a process or an activity of a company that starts from making of the goods or services and ends with receipt of cash for making sales of goods or services.

Requirement 1

To ascertain:

List out the relevant substantive analytical procedures in the revenue cycle and explain how these procedures are related to management assertions.

To determine

Introduction:

Revenue cycle is a process or an activity of a company that starts from making of the goods or services and ends with receipt of cash for making sales of goods or services.

Requirement 2

To ascertain:

For the given procedures from 1 to 6, indicate the testing of the assertion.

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Answer 3

Question

Chapter 9, Problem 61RSCQ

To determine

Introduction:

Revenue cycle is a process or an activity of a company that starts from making of the goods or services and ends with receipt of cash for making sales of goods or services.

Requirement 1

To ascertain:

List out the relevant substantive analytical procedures in the revenue cycle and explain how these procedures are related to management assertions.

To determine

Introduction:

Revenue cycle is a process or an activity of a company that starts from making of the goods or services and ends with receipt of cash for making sales of goods or services.

Requirement 2

To ascertain:

For the given procedures from 1 to 6, indicate the testing of the assertion.

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Answer 4

Question

Chapter 9, Problem 61RSCQ

To determine

Introduction:

Revenue cycle is a process or an activity of a company that starts from making of the goods or services and ends with receipt of cash for making sales of goods or services.

Requirement 1

To ascertain:

List out the relevant substantive analytical procedures in the revenue cycle and explain how these procedures are related to management assertions.

To determine

Introduction:

Revenue cycle is a process or an activity of a company that starts from making of the goods or services and ends with receipt of cash for making sales of goods or services.

Requirement 2

To ascertain:

For the given procedures from 1 to 6, indicate the testing of the assertion.

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Answer 5

Chapter 9, Problem 61RSCQ

To determine

Introduction:

Revenue cycle is a process or an activity of a company that starts from making of the goods or services and ends with receipt of cash for making sales of goods or services.

Requirement 1

To ascertain:

List out the relevant substantive analytical procedures in the revenue cycle and explain how these procedures are related to management assertions.

To determine

Introduction:

Revenue cycle is a process or an activity of a company that starts from making of the goods or services and ends with receipt of cash for making sales of goods or services.

Requirement 2

To ascertain:

For the given procedures from 1 to 6, indicate the testing of the assertion.

Answer 6

Chapter 9, Problem 61RSCQ

To determine

Introduction:

Revenue cycle is a process or an activity of a company that starts from making of the goods or services and ends with receipt of cash for making sales of goods or services.

Requirement 1

To ascertain:

List out the relevant substantive analytical procedures in the revenue cycle and explain how these procedures are related to management assertions.

Answer 7

Chapter 9, Problem 61RSCQ

To determine

Introduction:

Revenue cycle is a process or an activity of a company that starts from making of the goods or services and ends with receipt of cash for making sales of goods or services.

Requirement 1

To ascertain:

List out the relevant substantive analytical procedures in the revenue cycle and explain how these procedures are related to management assertions.

Answer 8

To determine

Introduction:

Revenue cycle is a process or an activity of a company that starts from making of the goods or services and ends with receipt of cash for making sales of goods or services.

Requirement 2

To ascertain:

For the given procedures from 1 to 6, indicate the testing of the assertion.

Answer 9

To determine

Introduction:

Revenue cycle is a process or an activity of a company that starts from making of the goods or services and ends with receipt of cash for making sales of goods or services.

Requirement 2

To ascertain:

For the given procedures from 1 to 6, indicate the testing of the assertion.

Answer 10

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Answer 21

Ch. 9 - Prob. 1TFQ Ch. 9 - Prob. 2TFQ Ch. 9 - Prob. 3TFQ Ch. 9 - Prob. 4TFQ Ch. 9 - Prob. 5TFQ Ch. 9 - Prob. 6TFQ Ch. 9 - Prob. 7TFQ Ch. 9 - Prob. 8TFQ Ch. 9 - Prob. 9TFQ Ch. 9 - Prob. 10TFQ

Solution Summary: The author explains that revenue cycle is a process or an activity that starts from making of goods or services and ends with receipt of cash for making sales.

Introduction:

Revenue cycle is a process or an activity of a company that starts from making of the goods or services and ends with receipt of cash for making sales of goods or services.

Requirement 2

To ascertain:

For the given procedures from 1 to 6, indicate the testing of the assertion.

Chapter 9 Solutions

Solution Summary: The author explains that revenue cycle is a process or an activity that starts from making of goods or services and ends with receipt of cash for making sales.

Introduction: Revenue cycle is a process or an activity of a company that starts from making of the goods or services and ends with receipt of cash for making sales of goods or services. Requirement 2 To ascertain: For the given procedures from 1 to 6, indicate the testing of the assertion.

Chapter 9 Solutions

Introduction:

Revenue cycle is a process or an activity of a company that starts from making of the goods or services and ends with receipt of cash for making sales of goods or services.

Requirement 2

To ascertain:

For the given procedures from 1 to 6, indicate the testing of the assertion.