$100.00 ACCT 404 - Auditing Project
- From Business: Accounting
- Closed, but you can still post tutorials
- Due on Sep. 07, 2012
- Asked on Aug. 19, 2012 at 08:15:09AM
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Need help with the audit project below. I need the 5 sets of adjusting journal entries and the inventory memo. I can provide scan copies of the entire problem along with supporting records and working papers.Â
Mesage me if you can have this done within three weeks and I will send you the information tomorrow (8-20-12), Below is some detail on the problem.
The collaborative learning project in ACCT 404 is to work as a team on the Valley Publishing Company Short Audit Case, the second of the text books required in this course. This case is realistic not only in the subject matter but in the presentation. At the beginning, you may get frustrated at your inability to find items that you need in your audit (such as paid invoices, the cash receipts book, the cash payments book, the minutes of the board of directors, etc). To simulate a real environment, they are not neatly organized by topic area. Instead, they are organized and located where your CLIENT finds them convenient, or where auditors with your auditing firm of Baynes & Gray, CPAÂs put them in years past. Especially at the beginning, I recommend that you share your discoveries as to the location of needed items with the rest of your group as you locate them, using the Group Discussion Board of the Discussion Groups area. You will not be working the entire Audit Case. You will be auditing the following: Cash (Assignment 2), Accounts Receivable (Assignment 3), Newsprint Inventory (Assignment 4), Property, Plant, and Equipment (Assignment 6), and Vouchers Payable (Assignment 7). You will begin with what the authors of the Case identify as ÂAssignment One. You will not submit working papers to me, other than the Inventory Memorandum. You will submit five lists of proposed Adjusting Journal Entries that your team feels should be made by Valley Publishing Company, one list for each of the five required audit areas.Â
