Analysis of accounts receivable audit.docx

1、Analysis of accounts receivable audit Analysis of accounts receivable audit Abstract: The accounts receivable is an important component of liquidity, is the enterprises external credit products, materials, provision of services and other reasons, they should purchase units in a unit or receiving ser

2、vices and other money collected. Although it is also part of asset classes accounts, but it is the monetary funds with the company, inventory, fixed assets, not the same, there is no physical form, can easily become a fiction of certain units or individual business, fraud, embezzlement of state asse

3、ts to carry out a variety of corrupt activities tool. This requires the use of audit and the means of the relevant business information and related information to review to determine the legality of their operations, and illegal reasons, would be the wrong account, cook the books to make corrections

4、 and adjustments. Keywords: audit of accounts receivable bad debt losses specifications 1, accounts receivable audit points (A) Accounts receivable is a sound and effective internal controls 1. Business unit under the orders, after examination, the preparation of sales notice, as a credit department

5、, warehouse, billing and other departments perform their duties receivable basis. 2. The credit department in accordance with sales notice to credit investigation and approval of credit. 3. Warehouses according to the transport sector held by the credit departments approval of the sales in a single

6、nuclear cargo. 4. The accounting department of a single issuance of sales sales sales invoices and sales invoices and approved according to relevant documents, the preparation of accounting documents, registration of a breakdown of accounts receivable, and accounts for the general classification. 5.

7、 Teller staff in receipt of payment, the registration of bank deposits journal. 6. For long-term uncollectible accounts receivable, the accounting department should collection of accounts receivable not paid to clean up bad loans and timely treatment. (B) changes in accounts receivable increase or d

8、ecrease the legitimacy and legality of Whether pseudocolumn accounts receivable, pseudocolumn the phenomenon of corporate profits that have been handling accounts receivable for bad debts should examine whether the use of bad debt losses corrupt activities. Found to have accounts receivable credit b

9、alances should identify the reasons, if necessary, to make classification adjustments. (C) Conversion of foreign currency accounts receivable is correct Whether the exchange rates before and after the selected period equivalent to the same; end accounts receivable balances in foreign currency by the

10、 end of the market exchange rate is converted into recording currency amount; difference between the accounting treatment of translation is correct. (D) Accounts receivable items disclosed in the financial statements on the appropriateness of Accounts receivable in the accounting statement whether t

11、he project under the “accounts receivable” and “Receipts in advance” account belong to a breakdown of the end of the debit balance of the total number of decimal places. (E) bad debts standards for confirming the accuracy of the accounts of dealing with bad debts is correct. Second, accounts receiva

12、ble and analysis of ideas in the form of Cuobi (A) Accounts receivable are recorded amount is not accurate According to “Enterprise Accounting System” requirement, in the presence of sales of discounted prices and discounts circumstances, the recorded amount of accounts receivable should be lump-sum

13、 method. The review should pay attention to whether the net price method accounted for by the situation in order to achieve the delay or the normal sales tax revenue to operating income purposes, which, auditing accounts personnel should review the invoices to see if an account receivable , the main

14、 business income account records are the same. (B) Accounts receivable records untrue, unreasonable, unlawful In practical work is often more corporate accounts receivable adjustment of income, malpractice, “regulator” and a cover various non-normal operations of the “shelter”, such as through “acco

15、unts receivable” account pseudocolumn income, or without the approval of the “notes receivable”, “prepayments” and other accounts to reflect the content reflected in the “accounts receivable” account in order to achieve more mentions of bad debt reserve purposes. And “Enterprise Accounting System” p

16、rovides that holders of the outstanding corporate notes receivable, if there is conclusive evidence that can not be recovered or unlikely to recover, should transfer the balance of its accounts receivable book again after required provision for bad debts; business, if advance payment is conclusive evidence that it does not comply with the nature of pre-paid account, or bankruptcy due to supply units to remove the other reas