Company Audit and Review Engagement in a Budget

About this course

This course, Company Audit and Review Engagement in a Budget, is for All Levels and for aspiring Financial Analysts who want to take up extra responsibility of helping Audit of Small Firms or Groups.   This course generally helps Auditors perform, Annual Audit, Balance Sheet Audit, Interim Audit and Continuous Audit of Financial Statements.It also explains, Division of Work, explains about a general Audit Programme, Audit Notebooks, Audit Working Papers including Permanent and Current Audit Files.Through this course, the learner is made familiar with, Internal Checks and Internal Audit. The course also introduces to the Professional Learner, Verification and Valuation of Current Assets, Liabilities, Depreciation, Reserves and Provisions, Capital and Revenue, Dividends and Pay-out as well as Analysis of Financial Statements.In Current Assets, the learner goes through, Cash-in-hand, Cash at Bank and Bills Receivables etc.Liabilities cover, Trade Creditors, Loans and Advances, Interest, Long Term Liabilities including debentures, Term Loans and Contingent Liabilities.Depreciation, Methods of Providing Depreciation, Classifications of Depreciation are also covered in this Lecture.Explanations are provided for Reserves and Provisions, Capital Reserve, Revenue Reserve, General Reserve, Reserve Fund and Secret Reserve.Explanations are also provided for Capital and Revenue, Revenue Expenditure, Deferred Revenue Expenditure, Capital Receipts, Revenue Receipts etc.