ACC 480 Chap 5 Slides Exam 2024

ACC 480 Chap 5 Slides Exam 2024 Trace Procedure Source Documents --> Journals --> Ledgers Vouch Procedure Ledgers --> Journals --> Source Documents Matching the prices used by the entity's billing program for sales invoices to the entity's approved price list? Accuracy Examining a newly purchased machine to ensure that this major acquisition was received? Existence Examining sales invoices before and after year-end to determine if they were recorded in the proper period? Cut-off Discussing the adequacy of the allowance for doubtful accounts with the credit manager? Accuracy, Violation, & Allocation Tracing the accounts receivable subsidiary ledger total to the accounts receivable general ledger account? Completeness sufficiency (quantity) inverse to other appropriateness (quality) relevance -> on point reliability -> got info directly? Test of Controls Looking for deficiencies Substantive Procedures the detailed audit and analytical proce