Methods/steps
1, how to strengthen the management of accounts receivable?
The accounting department should regularly prepare and send accounts receivable statements to customers, check book records with customers, prepare accounts receivable aging analysis tables, urge customers who have exceeded the normal credit period to collect money in various ways, and notify credit management personnel.
2. What are the internal control methods for sales and collection?
Establish a clear division of responsibilities: for example, approving credit sales and sales need to be independent of each other.
Establish control of information transfer procedures, such as authorization procedures, use of documents and records and independent inspection.
Actual control: restrict unauthorized personnel from accessing all kinds of records and documents to prevent forgery and tampering.
Mail statements regularly: people other than cashier, sales and accounts receivable records send statements to customers every month to urge them to fulfill the contract.
3. How to check the correctness of operating income and suspect that the audited entity has inflated its operating income?
The commonly used method is spot check, and different methods are selected according to different settlement methods to check with related accounts, so as to check the consistency between the sales quantity and the delivery quantity and whether the sales pricing meets the requirements.
Supervise and inspect suspicious units, test the deadline of year-end purchase and sale business, analyze the change of operating income, and check the operating income and gross profit in abnormal months.
4. What does the change of gross profit margin mean to the audited entity?
Generally, there are changes in sales price, management expenses, sales expenses and product sales structure.
5. What are the contents of operating income analysis?
Compare the actual amount of operating income this year with the planned amount.
Compare the fluctuation of operating income in each month of this period.
Calculate the sales and gross profit margin of important products in this period.
Calculate the sales and gross profit margin of important customers in this period, and analyze whether there are obvious changes in the previous period and the current period.
6. What are the three requirements and purposes of the main business term verification?
Trace the accounting vouchers before and after the final account date from the subsidiary ledger, the consignment note and subsidiary ledger from the sales invoice before and after the final account date, and the sales invoice and subsidiary ledger from the consignment note. So as to check whether the recording time of the sales business is correct.
7. How to review sales discounts and sales returns?
Sales discount refers to the sales price discount given by an enterprise because the quality of the goods it sells is unqualified. Review according to the time when the sales discount occurs. If it is a matter after the balance sheet date, debit the main business income and pay taxes. Credit bank deposits and accounts receivable and other subjects. If it is a pre-balance sheet event. What needs to be handled is the same as the sales discount, which offsets the income of the main business in the later period and the cost of the main business in the current period.
8. How to analyze the rationality of accounts receivable?
Compare the current accounts receivable balance with the previous year. Compare the ratio of the end-of-period sales of the accounts receivable station with that of the previous year. Compare the ratio of net credit sales income to average accounts receivable in this period with that in the previous year.
9. What may happen if the second reply to the account receivable query fails?
It may be that the account has been paid and I don't want to reply; Bad debt losses, major financial difficulties or bankruptcy liquidation of customers. The client doesn't exist at all, it is made up by the audited entity. E-mail used for inquiry is lost, etc.
10, review procedures for accounts received in advance?
List of acquired or deteriorated prepayments, check the prepayments that have been resold, check relevant vouchers, confirm prepayments, check prepayments in long-term accounts, and check the correctness of prepayments reflected in financial statements.