审计学_部分3（共计1032页）.ppt

Classes of Transactionsand Accounts Inventory Property, plant, and equipment Prepaid expenses Leasehold improvements Accounts payable Manufacturing expenses Selling and administrative expenses Classes of Transactionsand Accounts Cash in bank (from cash disbursements) Accounts payable Purchase discounts Business Functionsin the Cycle Processing purchase orders Receiving goods and services Recognizing the liability Processing and recording cash disbursements Related Documentsand Reports Purchase requisition Purchase order Receiving report Processing purchase orders Receiving goods and services Related Documentsand Reports Acquisitions transaction file Acquisitions journal or listing Vendor’s invoice Voucher A/P trial balance Debit memo A/P master file Vendor’s statement Recognizing the liability Related Documentsand Reports Cash disbursements transaction file Check Cash disbursements journal or listing Processing and recording cash disbursements Learning Objective 3 Describe how e-commerce affects the acquisition of goods and services. How E-Commerce Affects the Acquisition and Payment Cycle Suppliers Customers Internet-based technologies allow for electronic linkage between suppliers and customers. Purchase orders Customer orders EDI EDI How E-Commerce Affects the Acquisition and Payment Cycle Some companies use extranets which allow companies to communicate and conduct business in a secure setting. Other companies use business-to-business auctions hosted on the Internet to negotiate purchases. Information about products is available over the Internet. Learning Objective 4 Understand internal control and design and perform tests of controls and substantive tests of transactions for the acquisition and payment cycle. Methodology for Designing Tests ofBalances – Accounts Receivable Understand internal control – acquisitions and cash disbursements. Audit procedures Items to select Sample size Timing Assess planned control risk – acquisitions and cash disburse