Published 1/2023
MP4 | Video: h264, 1280x720 | Audio: AAC, 44.1 KHz
Language: English | Size: 289.45 MB | Duration: 0h 59m
Learn and understand Revenue/Accounts Receivable Audit in Brief
What you'll learn
Entire Revenue Cycle and how to Audit it
Discussion of Read world cases where revenue frauds have happened in past
Understanding of Risk assessment procedure for Revenue and Accounts Receivables
If you are appearing for interview, this will give you brief understanding about revenue audit.
Requirements
No Prerequisites
Description
A course on revenue and accounts receivable audit for Udemy would provide a comprehensive understanding of the audit process for ensuring the accuracy and integrity of a company's financial statements. Specifically, the course would cover the following key topics:Identifying and assessing risks: The course would cover how to identify and assess the risks associated with revenue and accounts receivable. This would include identifying risks associated with the company's industry and business environment, as well as risks specific to the revenue and accounts receivable process.Testing internal controls: The course would cover the importance of testing internal controls as a means of mitigating risks identified during the risk assessment process. Topics covered would include the different types of internal controls and how to test them.Performing substantive audit procedures: The course would provide a detailed explanation of the substantive audit procedures used to test the accuracy and completeness of revenue and accounts receivable. Topics covered would include procedures such as analytical procedures, testing of transactions, and testing of balances.Audit best practices: The course would cover best practices for performing a revenue and accounts receivable audit. This would include topics such as documentation, sampling, and communication with management.Common issues encountered: The course would cover common issues encountered during revenue and accounts receivable audits, such as fraud and misstatement, and provide guidance on how to identify and address these issues.Reporting and documentation: The course would provide guidance on how to report and document the findings of a revenue and accounts receivable audit. This would include the preparation of audit work papers, the writing of audit reports, and the communication of findings to management and other stakeholders.This course would be useful for students interested in auditing, accounting, and finance and provides a hands-on understanding of the audit process, and the knowledge and skills required to perform a revenue and accounts receivable audit.
Overview
Section 1: Introduction
Lecture 1 Revenue Cycle
Lecture 2 Revenue Cycle Accounts
Lecture 3 Performing Risk Assessment procedure in Revenue Cycle
Lecture 4 Criteria to recognize revenue
Lecture 5 Complex Sales Transactions to recognize revenue.
Lecture 6 Arthocare - Importance of Professional Skepticism
Lecture 7 Accounts Receivables - Identifying Inherent Risk
Lecture 8 Fraud Schemes
Lecture 9 Real cases of frauds schemes
Lecture 10 Identifying Fraud Risk Factors
Lecture 11 Decentralized Accounting function at WorldCom
Lecture 12 Identifying Control Risk
Lecture 13 Control Risk Assessment Questionnaire
Lecture 14 Using Ratios in Preliminary Analytical Procedures
Lecture 15 Note
Students appearing for interview,Professionals who want to understand revenue audit in a brief
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