Prepaid Expenses Assertions

Re: American Realty Capital Trust Review Of Issues Raised In ...
The purpose of this review is to address assertions contained in the memo, and establish the facts relating to the situation.  Prepaid expenses: Expenses paid prior to the period they cover NASAA REIT guidelines specifically prohibit loans, ... Retrieve Content

Higheredbcs.wiley.com
Examples of Tests of Details of Balances Learning Objective #6 Chapter 12-42 EXHIBIT 12-8 AUDIT OF PREPAID EXPENSES AND ACCRUED LIABILITIES Learning Objective #7 Chapter 12-43 AUDIT OF PREPAID EXPENSES AND ACCRUED Apply the assertions, controls, and audit tests for purchase and ... Doc Viewer

Phoenix HealthCare Of Tennessee, Inc. For The Period January ...
Purpose of our examination is to render an opinion on the MCOs’ assertions that they have complied with certain financial-related requirements of their and prepaid expenses are not included in the determination of plan assets and are reduced from equity. The plan had a restricted ... Document Viewer

Prepaid Expenses And Other Current Assets
Prepaid expenses on the balance sheet represent a current asset because the company still has the right to receive the product or service for which it has paid. ... Read Article

[6714-01-P] FEDERAL DEPOSIT INSURANCE CORPORATION PREPAID ...
Prepaid expenses, regardless of whether the taxpayer is a cash or accrual basis taxpayer and regardless of . 27 Suggested structures included: allowing institutions to deduct all prepaid assessments in ... Doc Retrieval

Chapter 1
Auditing Prepaid Expenses Other assets that provide economic benefit for less than a year are classified as current assets. Four assertions are normally considered for tests of details of intangible assets: Existence and completeness. Valuation. Rights and obligations. ... Read Document

Financial Statement assertions Practice Aid
Financial statement assertions practice aid * Note that presentation and disclosure includes consideration of the following assertions: Prepaid expenses have been properly classified, described and disclosed in the financial statements ... Retrieve Full Source

Unemployment Extension
In the meantime, individuals seek opportunities toward meeting vital expenses while trying to overcome appearance barriers from respective employers. Furthermore, as barriers toward opportunities continue, stresses from managing day-to-day necessities become ever challenged. ... Read Article

Chapter
Accounts Payable Auditing Accrued Liabilities and Prepaid Expenses Account Analysis for Prepaid Expenses Exhibit 8.2 Expenditure Control Procedures Assertions of Classes of Transactions and Events for the Period: Acquisition and Expenditure Cycle ... Retrieve Doc

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Securities, inventory and prepaid expenses. "Current liabilities" are obligations payable (in most cases) within one year, such accounts payable, Counsel's assertions related to the petitioner's ability to pay the proffered salary are not ... Read Document

Audit Objectives Audit Procedures for Consideration N/A Performed by Workpaper Index FINANCIAL STATEMENT ASSERTIONS. E/O Existence or occurrence D. Expenses are valid, complete, and recorded correctly as to account, amount, and period (assertions E/O, C ... Fetch This Document

ITY ACC RUAL AU DIT P ROG RAM GU IDE
RH Prepaid Expenses RI Capital Assets RJ Due to/Due from Other Funds RK Accounts Payable/Due to Other Governments RL Contracts Payable Audit Objectives and related assertions: A. Prepaid expenses are properly recorded and represent a ... Get Doc

John Deere Health Plan, Inc. For The Period January 1, 1998 ...
Assets such as furniture, equipment, and prepaid expenses are not included in the determination of plan assets and are reduced from equity. At December 31, 1999, assertions about the organization’s compliance based on our examination. ... Visit Document

Chapter
Payable trial balance Purchases journal Fixed asset reports 8-* Exhibit 8.3 Assertions about around year-end to ensure inventory received is included in the appropriate period. 8-* Other Accounts in Cycle Prepaid Expenses Accrued Liabilities Expenses Inventory Property Plant ... Fetch Content

Wikipedia:Reference Desk Archive/Humanities/March 2006 ...
Homeowner had another person move into the house before the 30 days were up but refused to prorate or refund any of the prepaid rent to the girls. I suggested the girls stop-payment on those last checks they'd written for utilities before they could be cashed. ... Read Article

COLORADO STUDENT OBLIGATION BOND AUTHORITY PREPAID TUITION ...
Financial data consistent with the assertions of management in the financial statements. As a result of the procedures described above, education expenses. The Prepaid Tuition Fund offers an enrollment period for purchasers to buy prepaid ... Access Doc

Failures Of Legitimate Businesses - Portland State University ...
Assertions about existence or occurrence deal with whether assets or liabilities exist at a given date and whether recorded transactions have occurred during a given period. such as the risk of misallocating prepaid expenses. ... Access Doc

Chapter
Payable trial balance Purchases journal Fixed asset reports Substantive Procedures Exhibit 8.5 Assertions about account balances at the period Other Accounts in Cycle Prepaid Expenses Accrued Liabilities Expenses Inventory Property Plant and Equipment Accrued Liabilities Major ... Return Doc

Assessing Internal Control Over Financial Reporting
Prepaid expenses LOW L LLL L AR LOW L LLL L Accrued Interest Receivable LOW L LLL L Other LOW L LLL L Available for sale investments (non-curren MEDIUM M MM M M assertions? 9Preventive control that does not have a related detective control 9Detective control that does not have ... Access Full Source