Dear Students,Your mid-term exam in this course will be held on 7th to 8th of July 2020. This will be a MCQs based exam titled as ‘’Grand Quiz’’ . This grand quiz having 20% weightage in overall…Continue
SEMESTER SPRING 2021 ADVANCED FINANCIAL ACCOUNTING (FIN611) ASSIGNMENT NO. 01 DUE DATE: JUNE 09, 2021 MARKS: 10 Question Decent Garments has been running a branch in Multan since for the last three years. On the first day of January 2020, the books of accounts of the branch revealed inventory of Rs. 12,000. Due to the recent lockdown and non-availability of transport, the goods sent from head office during the year was just Rs. 38,000. Therefore, the branch had to manage the stock by purchasing…See More
"According to ICAP following are the general principal for the auditors; Professional Ethics International Standards on Auditing Professional Skepticism Professional Ethics There are a number of ethical matters that are extremely important for…"
"#ACC311 GDB 1 IDEA SOL SPRING 2021 Note Don't copy paste take Idea from it and make your own SOL KHAN STUDY GROUP Scenario: Automation of tasks in an organization has important role in reshaping the requirements of financial statements audit.…"
"ACC311 GDB Solution Spring 2021 Solution:
Auditing around the computer: It is the type of auditing done in a traditional method. The auditor summarizes the input data and ignores the computers processing but ensures the correctness of the output…"
GDB (ACC311)Fundamental of AuditingCovering Video Lecture 1-12Topic for Discussion“Financial Statements Audit in a Computerized Environment” Learning Outcomes:After going through this activity, students would be able to understand:What is financial statements audit?How it is different from other types of audit?What procedures that auditors are required to adopt while conducting audit in a computerized environment?What are some basic requirements to perform audit procedures in a computerized…See More
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