Financial Audit Procedures - Current Assets

Learn HAW to test the Current Assets' accounts balances

4.50 (1 reviews)

Udemy

platform

English

language

Accounting & Bookkeeping

What you will learn

Learn HAW to audit the accounts balances classified in the Current Assets

Learn HAW to audit Inventory: Quantity count, Pricing for Purchased and Produce stock, Fair value based on sales price and Obsolescence

Learn HAW to audit Account Receivables, Bad Debt Provision, Related Parties balances and Factor

Learn HAW to audit Cash & cash equivalent, including Bank reconciliation

Why take this course?

The Financial Statements Audit - Current Assets course teach how to test the following account balances:

- Inventory: Inventory Count, Deposit confirmation letter, Cut-off & In transit material, Pricing of purchased and produced material, Obsolescence, Fair value based on sales price

- Account Receivables: Reply to customer confirmation letter, Alternative procedure, Roll-back and roll-forward, Bad debt provision, Factor

- Cash & Cash Equivalents: Reply to bank confirmation, Bank reconciliation, Cash count

- Related Parties balances, including Intercompany reconciliation

The course is presented by the founder of HAW - How Audit Work that is an organization that provide audit related service, including teaching. The founder, Mk, is an auditor with soon 10 years audit experience in different countries (as US, UK, Netherlands and Italy) always working in Big4 audit firms.

List of HAW - How Audit Work courses available:

1 - Audit Planning

2 - Accounting Procedures & Internal Controls

3 - Confirmation Letter

4 - Audit test - Non-curent Assets

5 - Audit Test - Current Assets

6 - Audit Test - Equity & Liabilities

7 - Audit Test - Income Statement

8 - Audit Test - All Others

9 - Audit Operative Overview

10 - Audit High Level Overview

11 - Audit Summary