Acquisitions and Payment Cycles • List the accounts which are significant in acquisitions and payment cycles....

Acquisitions and Payment Cycles

• List the accounts which are significant in acquisitions and payment cycles.

• List why these accounts are considered significant and how they are involved in the acquisition and payment cycle.

Expert Solution

List the accounts which are significant in acquisitions and payment cycles- investment,Cash,Accounts Receivable/payble,Property, Plant ,prepaid expenses and adwance received

Investments=companies that hold investments in private companies or other illiquid investments may need to demonstrate how they arrived at the valuation of their stake in the investment.

cash=companies that have restricted cash balances pledged as collateral may require special audit procedures to determine who has legal title to the cash in question.

Accounts Receivable/payble=to determind who is payble and how much i received and to determind who is receiveble and how much i need to pay.

Property, Plant = determines that the asset listed in the company's asset register is the asset that is being observed and how much steak company have

prepaid expenses and adwance received=determines how much expenses company have already paid and how much he aready received

ekkarill92 answered 2 years ago

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Acquisitions and Payment Cycles • List the accounts which are significant in acquisitions and payment cycles....

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