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Verification of Assets
25 Lessons -
Welcome to this Online Course on Audit of Assets and Liabilities
In this course you will learn :
1.What is Verification in Audit Context?
2.Difference between Verification and Vouching
3.Objectives of Verification
4.Verification of Building
5.Verification of Freehold land
6.Verification of Leasehold Property
7.Verification of Plant and Machinery
8.Verification of Furniture and Fixture
9.Verification of Small Tools
10.Verification of Patents
11.Verification of Copy Right, Trade Mark and Goodwill
12.Verification of Debtors
13.Verfication of Cash at Bank and in Hand
14.Verification of Petty Cash
15.Verification of Inventories
16.Verification of Stocks Lying with Third Parties
17.Verification of Bills Receivables
18.Verification of Prepaid Expenses
19.Verification of Sinking Fund Policies
20.Capital Expenditure and Revenue Expenditure
21.What is Depreciation
22.Purpose of Providing Depreciation
23.Depreciation on Wasting Assets
24.Methods of Providing Depreciation
25.Factors to be considered in Selecting Depreciation Policy
26.Verification of Loans and Borrowings
27.Verification of Trade Creditors
28.Verification of Contingent Liability
29.Verification of Bills Payable
30.Verification of Amount due to Subsidiary Companies
31.Verification of Outstanding Expenses