U‌‍‍‍‌‍‍‌‌‍‍‍‌‍‍‍‍‌‍‍sing the memo template below, please define the management

U‌‍‍‍‌‍‍‌‌‍‍‍‌‍‍‍‍‌‍‍sing the memo template below, please define the management assertions for inventory. To help you get started here is an example using AR. Accounts Receivable Presentation – All account receivables-related transactions are recorded in proper AR accounts and sub-ledgers. E.g., if Sara orders something on credit it is debited to her subledger and not to Jim’s. Disclosure – The information required in the account receivable footnote is included like the credit terms, critical customers, etc. Rights – All accounts listed in AR are the ownership of the company, conditions for recognition have been met ‌‍‍‍‌‍‍‌‌‍‍‍‌‍‍‍‍‌‍‍and the assets have not been factored. Obligations – NA (Obligations would apply if there was some obligation created in the creation of the AR – that was somehow tied to AR) Existence – All AR transactions represent real sales with an exchange of goods or services to a legitimate customer. Completeness – All AR transactions have been recorded, there are no AR transactions that are missing. Valuation – All AR transactions are recorded at the amount they sold – historical sale amounts. Allocation – The allowance for doubtful accounts balance has been considered appropriate based on reliable estimates‌‍‍‍‌‍‍‌‌‍‍‍‌‍‍‍‍‌‍‍.

 
“Looking for a Similar Assignment? Get Expert Help at an Amazing Discount!”

The post U‌‍‍‍‌‍‍‌‌‍‍‍‌‍‍‍‍‌‍‍sing the memo template below, please define the management appeared first on nursing writers.

"Is this question part of your assignment? We Can Help!"

Essay Writing Service