Auditing payroll and personnel cycle; test of control and substantive test of transactions CPA exam

Like us on Facebook: https://www.facebook.com/accountinglectures Visit the website where you can search using a specific term: http://www.farhatlectures.org/ Connect with Linked In: https://www.linkedin.com/in/mansour-farhat-cpa-cia-cfe-macc-2453423a/ Understand Internal Control and Assess Control Risk—Payroll and Personnel Cycle Internal control for payroll is normally highly structured and well controlled to manage cash disbursed, to minimize employee complaints and dissatisfaction, and to […]

Variable sampling mean per unit estimation ratio estimation difference estimation CPA exam AUD

Like us on Facebook: https://www.facebook.com/accountinglectures Visit the website where you can search using a specific term: http://www.farhatlectures.org/ Connect with Linked In: https://www.linkedin.com/in/mansour-farhat-cpa-cia-cfe-macc-2453423a/ Variables sampling, like MUS, is a statistical method that auditors use. Variables sampling and nonstatistical sampling for tests of details of balances have the same objective—to measure the misstatement in an account balance. […]

Accounting of operating lease by lessee and lessor NEW RULES CPA Exam Intermediate Accounting

Like us on Facebook: https://www.facebook.com/accountinglectures Visit the website where you can search using a specific term: http://www.farhatlectures.org/ Connect with Linked In: https://www.linkedin.com/in/mansour-farhat-cpa-cia-cfe-macc-2453423a/ Lease Classification How do companies determine whether to use the finance method or the operating method? From the lessee’s perspective, a lessee should classify a lease based on whether the arrangement is effectively […]