QAS Self-Study
Overview
CPE Credits
2 Credits: Auditing
Course Description
Many organizations sell goods and services to their customers on a delayed payment basis, usually because doing so is the accepted practice within their industries. This practice results in accounts receivable, which may form a substantial part of the total assets of a firm. In, How to Audit Receivables, author Steven Bragg examines the characteristics of receivables from an auditing perspective and notes the auditing activities that can be applied to the receivables area, including the allowance for doubtful accounts and notes receivable.
Learning Objectives
Upon successful completion of this course, participants will be able to:
Chapter 1
- Recognize the characteristics of notes receivable.
- Note the different types of related parties.
- Cite the types of fraud related to receivables.
- Describe the process of risk assessment used by an auditor.
- Recognize when alternative audit procedures should be used.
- Recognize the substantive procedures used in relation to receivables.
- Describe the contents of a confirmation letter.
- Note the circumstances under which a negative confirmation could be used.
Chapter 2
- Recognize the contents of the allowance for doubtful accounts.
Chapter 3
- Note the proper accounting for a note receivable.
Course Specifics
|
Course ID 9179028 |
Revision Date February 3, 2023 |
Prerequisites There are no prerequisites. |
Advanced Preparation None |
Compliance information
NASBA Provider Number: 103220
Course Instructor
Steven M. Bragg, CPA, is a full-time book and course author who has written more than 70 business books. He provides Western CPE with self-study courses in the areas of accounting and finance, with an emphasis on the practical application of accounting standards and management techniques. A sampling of his courses include the The New Controller Guidebook, The GAAP Guidebook, Accountants’ Guidebook, and Closing the Books: An Accountant’s Guide. He also manages the Accounting Best Practices podcast. Steven has been the CFO or controller of both public and private companies and has been a consulting manager with Ernst & Young and an auditor with …
How to Audit Receivables
$58.00 – $78.00
QAS Self-Study
Overview
CPE Credits
2 Credits: Auditing
Course Description
Many organizations sell goods and services to their customers on a delayed payment basis, usually because doing so is the accepted practice within their industries. This practice results in accounts receivable, which may form a substantial part of the total assets of a firm. In, How to Audit Receivables, author Steven Bragg examines the characteristics of receivables from an auditing perspective and notes the auditing activities that can be applied to the receivables area, including the allowance for doubtful accounts and notes receivable.
Learning Objectives
Upon successful completion of this course, participants will be able to:
Chapter 1
- Recognize the characteristics of notes receivable.
- Note the different types of related parties.
- Cite the types of fraud related to receivables.
- Describe the process of risk assessment used by an auditor.
- Recognize when alternative audit procedures should be used.
- Recognize the substantive procedures used in relation to receivables.
- Describe the contents of a confirmation letter.
- Note the circumstances under which a negative confirmation could be used.
Chapter 2
- Recognize the contents of the allowance for doubtful accounts.
Chapter 3
- Note the proper accounting for a note receivable.
Course Specifics
|
Course ID 9179028 |
Revision Date February 3, 2023 |
Prerequisites There are no prerequisites. |
Advanced Preparation None |
Compliance information
NASBA Provider Number: 103220
Course Instructor
Steven M. Bragg, CPA, is a full-time book and course author who has written more than 70 business books. He provides Western CPE with self-study courses in the areas of accounting and finance, with an emphasis on the practical application of accounting standards and management techniques. A sampling of his courses include the The New Controller Guidebook, The GAAP Guidebook, Accountants’ Guidebook, and Closing the Books: An Accountant’s Guide. He also manages the Accounting Best Practices podcast. Steven has been the CFO or controller of both public and private companies and has been a consulting manager with Ernst & Young and an auditor with …
How to Audit Receivables
$58.00 – $78.00