Describe analytical procedures that can be used for payroll transactions and balances.
Question:
Fantastic news! We've Found the answer you've been seeking!
Step by Step Answer:
Answer rating: 41% (12 reviews)
Analysis of payroll transactions and balance would start with developing expectations for payroll ex...View the full answer
Answered By
Asim farooq
I have done MS finance and expertise in the field of Accounting, finance, cost accounting, security analysis and portfolio management and management, MS office is at my fingertips, I want my client to take advantage of my practical knowledge. I have been mentoring my client on a freelancer website from last two years, Currently I am working in Telecom company as a financial analyst and before that working as an accountant with Pepsi for one year. I also join a nonprofit organization as a finance assistant to my job duties are making payment to client after tax calculation, I have started my professional career from teaching I was teaching to a master's level student for two years in the evening.
My Expert Service
Financial accounting, Financial management, Cost accounting, Human resource management, Business communication and report writing. Financial accounting : • Journal entries • Financial statements including balance sheet, Profit & Loss account, Cash flow statement • Adjustment entries • Ratio analysis • Accounting concepts • Single entry accounting • Double entry accounting • Bills of exchange • Bank reconciliation statements Cost accounting : • Budgeting • Job order costing • Process costing • Cost of goods sold Financial management : • Capital budgeting • Net Present Value (NPV) • Internal Rate of Return (IRR) • Payback period • Discounted cash flows • Financial analysis • Capital assets pricing model • Simple interest, Compound interest & annuities
4.40+
65+ Reviews
86+ Question Solved
Related Book For
Auditing An International Approach
ISBN: 978-0071051415
6th edition
Authors: Wally J. Smieliauskas, Kathryn Bewley
Question Posted:
Students also viewed these Auditing questions
-
List four analytical procedures that can be used to test revenue- related accounts. What potential misstatements are indicated by each of these analytical procedures?
-
List two substantive analytical procedures that can be used to provide audit evidence related to the payroll expense accounts and the payroll- related liabilities.
-
Identify two substantive analytical procedures that can be used to audit prepaid insurance.
-
During the year ended 30 June 2019 XYZ Pty Limited, a resident Australian private company (non BRE), received a franked dividend of $10,800 with $3,200 of attached franking credits. XYZ Pty Limited...
-
To determine the effectiveness of the advertising campaign for a new DVD player, management would like to know what percentage of the households are aware of the new brand. The advertising agency...
-
Keaton Inc. makes unfinished bookcases that it sells for $60. Production costs are $30 variable and $10 fixed. Because it has unused capacity, Keaton is considering finishing the bookcases and...
-
Which of the following is a characteristic of auditing? a. Auditing is a systematic, step-by-step process. b. Auditing involves the collection and review of evidence. c. Auditing involves the use of...
-
Accounting educators are discussing ways to incorporate communication skills, both oral and written, into accounting information systems courses. Why do you think these skills are deemed crucial for...
-
EX6-8 (Algo) You have signed a contract to build... You have signed a contract to build a garage for the Simpsons. You will receive a $500 bonus for completing the project within 30 working days. The...
-
David R. and Ella M. Cole (ages 39 and 38, respectively) are husband and wife who live at 1820 Elk Avenue, Denver, CO 80202. David is a self-employed consultant, specializing in retail management and...
-
Describe a control test using generalized audit software that can be performed in a computerized payroll system.
-
Explain how government forms and reports can be used in the audit of payroll transactions and balances.
-
Refer to the information in S24-7. Requirements 1. Compute each divisions asset turnover (round to two decimal places). Interpret your results. 2. Use your answers to Requirement 1, along with the...
-
Discuss the factors that favor personal selling rather than advertising. ?
-
What are some developmental and lifespan areas of interest to keep in mind when caring for a person with Autism?
-
College seemed so far out of my reach for some time until I decided to go back to school to pursue my career. Mental illness has played a major part in my life for quite some time and want to learn...
-
Alex Morgan, a 25-year-old female presents herself to the release of information (ROI) clerk at Hendrick Hospital in Dallas with a request to access her birth records. She was adopted as a baby and...
-
Describe your experience with presenting data and what methods did you use. Compare and contrast the methods you have used and provide one tip for effective data presentation ?
-
The redox reaction between zinc metal and sulfuric acid produces zinc sulfate and hydrogen gas. Write a net ionic equation for the reaction.
-
For the following arrangements, discuss whether they are 'in substance' lease transactions, and thus fall under the ambit of IAS 17.
-
In a least-squares regression model, the residuals are assumed to be random. The following data represent the life expectancy of a female born in the given year. The least-squares regression equation...
-
Explain the causes of an increased or decreased planned detection risk.
-
Define what is meant by inherent risk. Identify four factors that make for high inherent risk in audits.
-
Explain why inherent risk is set for segments rather than for the overall audit. What is the effect on the amount of evidence the auditor must accumulate when inherent risk is increased from medium...
-
1. What is POMR? 2. How is POMR measured? POMR should be measured at two time periods: death on the day of surgery and death before discharge from hospital or within 30 days of the procedure,...
-
Sora Industries has 60 million outstanding shares, $120 million in debt, $40 million in cash, and the following projected free cash flow for the next four years: a. Suppose Sora's revenue and free...
-
Question 10 2 A 25-year corporate bond has a par value of $5,000 and a 7% annual coupon rate. Assume that your required rate of return is 9.5% and that you plan to hold onto this bond for 19 years....
Study smarter with the SolutionInn App