Walk-Through Accounts Payable/Expenses Form

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    ACCOUNTS PAYABLE/EXPENSE

    DOCUMENTATION

    IfAccountsPayable/Expenseisdeemedtobeasignificanttransactioncycle,thenperformthefollowing.Pleasedocumentthefollowing:1.Whosignsandissuespurchaseorders(ifapplicable)?

    2. Ifthereisareceivingfunction(wherematerialsarereceived),thennotepersonswhocountmaterialsreceivedandwhetherthosecountsarerecordedinthecomputersystem.

    3.Whoauthorizespaymentofinvoicesandhow(e.g.initialsoninvoice)?4.Whoisauthorizedtosignchecks?5.Howmanysignaturesarerequiredonchecks?

    6. Ifsignaturestampsexist,whoisresponsibleforcustodyofthestamp?Howoftenisthestampused?

    7.Whattypeofcheckstockdotheyuse(preprintedorcomputergenerated)?

    Ifthechecksarepre-numbered,isthesequenceaccountedforregularly,

    andunissuedchecksarecontrolledandkeptinasecurelocation?Howarevoidedcheckstrackedandaccountedfor?

    8.Whokeystheinvoicesintothecomputersystem?

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    9.Whocanaddvendorstotheaccountspayablesystem?10. Whoisauthorizedtoaddvendorstothesystem?

    11. WhoreconcilestheA/PdetailtotheG/L?Isthereconciliationperformedatleastmonthly?

    12. DotheymatchtheP.O.,theinvoiceanddeliveryticket(ifapplicable)forquantityandprice?

    13. Whoopensthebankstatements?

    14. Whoreconcilesthebankstatement?

    1. thesegregationofduties.Arethefollowingsegregated?a.Custodyofassets(e.g.signedchecks)b.Reconciliationprocedures(e.g.personwhoreconcilesbankaccount,personwhoreconcilesA/PtoG/L)

    c.Authorization(e.g.signerofchecks)d.Accounting(e.g.personwhokeysininvoicesandaddsvendorstosystem)

    NoteIfsignaturestampexistsandisavailabletopersonother

    thantheauthorizedsigner,thentreatpersonwhohasaccesstothestampasonewhocanauthorizepayment.

    CustodyofAssets Reconciliation Authorization Accounting

    Iftheyarenotsegregated,arethereanymitigatingcontrols(e.g.monitoringperformedbyboardorowners)?

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    2. thefollowingforonetransaction:a. IssuanceofaP.O.b.Authorizationforpayment(e.g.initialsoninvoiceandappropriatesignaturesonchecks)

    c. PostingofinvoicetoG/Lwithappropriateaccountnumberd.MatchofinvoicequantityandpricetothePOe.Reconciliationofbankstatementforthatmonth

    P.O.#Examined:Check#Examined:G/LAcct.#Examined:

    Quantity PricePerPurchaseOrder PerInvoice Bankreconciliationexaminedforthemonthof:Nameofpersonwhoperformedthebankreconciliation:

    3. about:a.Whoperformstheabovewhenpersonsareoutsickoronvacation?

    b.Hasthesystemchangedduringtheyear?

    c. Havepersonnelbeenaskedtooverridecontrols?

    d.Areaccountspayablefunctionsbeingperformedonatimelybasis?

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    Doesitappearthatthereareanycontroldeficiencies(seedefinitionsbelow)?

    ___Yes____NoIfyes,thennotecontrolweaknessesontheControlDeficiencyCommentandManagementPointDevelopmentform(forpotentialinclusionintheinternalcontrolcommunicationtotheclient).

    Control Deficiency. A control deficiencyexists when the design or operation of a control doesnot allow management or employees, in the normal course of performing their assigned functions,to prevent, or detect and correct misstatements on a timely basis. The communication of controldeficiencies that are not considered significant deficiencies or material weaknesses can be either

    written or oral.

    Significant Deficiency. A significant deficiency is a deficiency, or a combination of deficiencies,in internal control that is less severe than a material weakness, yet important enough to meritattention by those charged with governance.

    Material Weakness. A material weakness is a deficiency, or combination of deficiencies, ininternal control, such that there is a reasonable possibility that a material misstatement of theentitys financial statements will not be prevented, or detected and corrected on a timely basis.[As used in the SAS, a reasonable possibility exists when the likelihood of the event is eitherreasonably possibleorprobableas those terms are used in Statement of Financial AccountingStandards No. 5, Accounting for Contingencies(FASB ASC 450).]

    Iftherearesignificantdeficienciesincontrols,thenconsidertheweakness

    indevelopingyourauditprogramforthisarea.

    DisclaimerThisdocumenthasnotbeenpeerreviewed;userassumesall

    risksrelatedtoitsuse.

    Created by Charles B.

    Hall, CPA, CFE, MAcc

    [email protected]

    mailto:[email protected]:[email protected]

SECMailProcessingtCommissions payable $ 124,212 Related party payable 32,000 Income taxes payable 6,409 Other accounts payable and accrued expenses 12,458 Lease liability 27,872 Total

SECMailProcessingtCommissions payable $ 124,212 Related party payable 32,000 Income taxes payable 6,409 Other accounts payable and accrued expenses 12,458 Lease liability 27,872 Total

UNITED STATES SECURITIES AND EXCHANGE COMMISSION ... · Prepaid expenses and other current assets (97) (47) Accounts payable 2,430 (126) Deferred rent — (26) Accrued expenses and

UNITED STATES SECURITIES AND EXCHANGE COMMISSION ... · Prepaid expenses and other current assets (97) (47) Accounts payable 2,430 (126) Deferred rent — (26) Accrued expenses and

THE MIDNIGHT MISSION...Accounts payable 573,962$ Accrued expenses 153,522 Participant savings liability 109,349 Deferred revenue 500,283 Total current liabilities 1,337,116 204,342

THE MIDNIGHT MISSION...Accounts payable 573,962$ Accrued expenses 153,522 Participant savings liability 109,349 Deferred revenue 500,283 Total current liabilities 1,337,116 204,342

INTRO110: Accounting Payable and Expenses Overive · • Describe how Accounts Payable and Expenses interface with systems outside of Cardinal ... process for establishing and maintaining

INTRO110: Accounting Payable and Expenses Overive · • Describe how Accounts Payable and Expenses interface with systems outside of Cardinal ... process for establishing and maintaining

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INCOME TAX – DEDUCTIBILITY OF FARMHOUSE EXPENSES · INCOME TAX – DEDUCTIBILITY OF FARMHOUSE EXPENSES . ... interest payable on farm mortgages, ... deductions are not claimed for

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puratarlac.gov.ph · Accountable Forms Travelling Expenses Training Expenses Water Expenses Electricity Expenses Postage and Courier Services Telephone Expenses Subscription Expenses

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Vol S&P - Expenses walk thru sept v1

Vol S&P - Expenses walk thru sept v1

GAMMON ENGINEERS AND CONTRACTORS PRIVATE LIMITEDgammonengineers.com/investors/pdfs/GECPL - Notice... · out of pocket expenses payable to Mr. R. Srinivasaraghavan, Cost Auditor (Firm

GAMMON ENGINEERS AND CONTRACTORS PRIVATE LIMITEDgammonengineers.com/investors/pdfs/GECPL - Notice... · out of pocket expenses payable to Mr. R. Srinivasaraghavan, Cost Auditor (Firm

MID YEAR REPORT - Union Square€¦ · Fixed Assets (Net) $ 184,316 Total Net Assets $ 3,900,885 LIABILITIES & EQUITY Liabilities Accounts and Grants Payable & Accrued Expenses $

MID YEAR REPORT - Union Square€¦ · Fixed Assets (Net) $ 184,316 Total Net Assets $ 3,900,885 LIABILITIES & EQUITY Liabilities Accounts and Grants Payable & Accrued Expenses $

NYC Charter High School for Architecture, Engineering and ...p1232.nysed.gov/psc/csdirectory/NYCCharterHigh...Prepaid Expenses Increase / (Decrease) in: Accounts Payable and Accrued

NYC Charter High School for Architecture, Engineering and ...p1232.nysed.gov/psc/csdirectory/NYCCharterHigh...Prepaid Expenses Increase / (Decrease) in: Accounts Payable and Accrued

Montgomery County Nursing HomePatient accounts receivable, net 79,801 2,652 82,453 Accounts payable and accrued expenses 8,338 (8,312) 26 ... Montgomery County Nursing Home (the Nursing

Montgomery County Nursing HomePatient accounts receivable, net 79,801 2,652 82,453 Accounts payable and accrued expenses 8,338 (8,312) 26 ... Montgomery County Nursing Home (the Nursing

Scanned by CamScanner Document/ULB_Balance... · Contractors Control Account Anita Construction B) Giriraj Agro Tech Contractor Rajeev Sharma Expenses Payable A K Tiwari Sahayak Apoorti

Scanned by CamScanner Document/ULB_Balance... · Contractors Control Account Anita Construction B) Giriraj Agro Tech Contractor Rajeev Sharma Expenses Payable A K Tiwari Sahayak Apoorti

INTRO110: Accounting Payable and Expenses Overive · all Accounts Payable and Expense users. ... Management System (RUMS). • The term Expenses includes both travel and non-travel

INTRO110: Accounting Payable and Expenses Overive · all Accounts Payable and Expense users. ... Management System (RUMS). • The term Expenses includes both travel and non-travel

NIT group B 20-21.docx · Web viewLabour contractor shall be fully responsible for all expenses/contribution in respect of his employees as required to be payable by employer payable

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Accounts Payable and Expenses Overview

Accounts Payable and Expenses Overview

Business Leadership Council Finance · 6/27/2019  · • Significant changes: Chart of Accounts / Account Payable / Expenses processes ... Scorecard/ASC) Fully Integrated ERP Systems.

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990 PF990s.foundationcenter.org/990pf_pdf...201412_990PF.pdf24 Total operating andadministrative expenses. ... 17 Accounts payable and accrued expenses 203,854 18 Grants payable 2,215,500

990 PF990s.foundationcenter.org/990pf_pdf...201412_990PF.pdf24 Total operating andadministrative expenses. ... 17 Accounts payable and accrued expenses 203,854 18 Grants payable 2,215,500

Financial Statements - Society Audit 2016.pdf · Accounts receivable 10,071 20,908 Prepaid expenses 2,567 (1,632) Accounts payable and accrued liabilities 1,188 (35,078) Due to related

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FINANCIAL STATEMENTS JUNE 30, 2019 AND 2018 · Prepaid expenses and other assets (5,827) (10,273) Increase (Decrease) in: Accounts payable and accrued expenses 123,399 (14,136) Accrued

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