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MANAGEMENT ACCOUNTING

Sequence of steps involved when directly seeking debtors’ confirmation.

Sequence of steps involved when directly seeking debtors’ confirmation.

Audit evidence can be obtained either through basic accounting records or documents obtained from third parties upon request by the auditor. This technique of obtaining information from the third part is normally referred to as direct confirmation. read more

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ACCA P2 ACCA F7 FINANCIAL ACCOUNTING

Accounting records – meaning

Accounting records - meaning

Accounting records are the records of initial accounting entries and supporting records, such as:

checks and records of electronic fund transfers;

invoices; 

contracts; 

the general and subsidiary ledgers, read more