Home
Flashcards
Preview
F8
Home
Get App
Take Quiz
Create
Name the 8 management assertions for the financial statements
C
ompleteness
A
ccuracy
C
ut-off
C
lassification & understandibility
O
ccurance
V
aluation & allocation
E
xistence
R
ights & obligations
Which assertions answer the question: "Should it be in the FS?"
C.O.R.E.
C
ut-off
O
ccurance
R
ights & obligs
E
xistence
Which assertions answer the question: "Is it included at the correct value?"
Accuracy
Valuation
Which assertions answer the question: "Are there more?"
Completeness
Which assertions answer the question: "Is it properly disclosed?"
Allocation
Understandibility
Which assertions affect the IS?
C.A.C.O.C
C
ompleteness
A
ccuracy
C
ut-off
O
ccurence
C
lassification
Which assertions affect the SFP?
C
2
R.E.V
C
ompleteness
C
lassification
R
ights & obligs
E
xistence
V
aluation & allocations
Author
jonochall
ID
186085
Card Set
F8
Description
Assertions
Updated
2012-11-29T19:19:03Z
Show Answers
Home
Flashcards
Preview