In the Audit of Accounts Receivable, List the Factors That

question 41

Essay

In the audit of accounts receivable, list the factors that affect the planned detection risk for tests of details of balances.

Recognize the significance and reporting of noncash investing and financing activities.

Calculate specific cash flow amounts, such as cash received from the sale of equipment or dividends received.

Understand how the cash flow statement is affected by changes in inventory, accounts receivable, and accounts payable.

Interpret the cash flow on total assets ratio to evaluate company performance.