The Detail Tie-In Objective Is Not Concerned That the Details

question 33

Multiple Choice

The detail tie-in objective is not concerned that the details in the account balance

• A) agree with related subsidiary ledger amounts.
• B) are properly disclosed in accordance with GAAP.
• C) foot to the total in the account balance.
• D) agree with the total in the general ledger.

---

Definitions:

Historical Trends

Analysis of past data to identify patterns or changes over time that may influence future outcomes or behaviors.

Economic Forecasts

Predictions about future economic conditions, including growth rates, inflation, and employment, based on current and historical data.

FA/Sales Ratio

Fixed Assets to Sales Ratio; measures the efficiency of a firm's use of its fixed assets to generate sales.

Financial Forecast

A prediction of future revenues, expenses, and profits of a company, used for budgeting and strategic planning.