Learn how accounting spreadsheets work with real examples of journals plus when to switch to accounting software.

A company's inventory consists of all its raw materials, works in process (goods that are partially completed), completed goods, and merchandise that has been purchased and is being held for sale, ...

Auditors know that journal-entry testing is one of many procedures they can use in addressing client data completeness and, hence, audit risk (see AU-C Section 240, Consideration of Fraud in a ...