Transaction Cycles/Analytical Procedures for AUD

  • Creator
    Topic
  • #821187
    Lou
    Participant

    I’m struggling to get these down compared to other topics in AUD. In my opinion they are the hardest because it is subjective which test you should perform and there is so much volume of material.

    Does anyone have any helpful hints or suggestions? Using Becker, already read and took notes on the chapter, and done the MCQ’s twice.

    AUD - 91
    BEC - 91
    FAR - 94
    REG - 87
    Done!

    FAR- taken 8/11/16....now the wait begins
    AUD- scheduled 9/8/16
    BEC- scheduled 10/9/16
    REG-scheduled 12/10/16

    Live a few years like most people won't, to live the rest of your life like most people can't.

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  • Author
    Replies
  • #821277
    hasy
    Participant

    Following.. I suck at these too.

    AUD - 83
    BEC - 80
    FAR - 83
    REG - 78
    BEC - 80 (Roger + NINJA MCQ + WTB)

    FAR - 72; 83 (Roger + NINJA MCQ)

    AUD - 83 (Roger + NINJA MCQ + WTB)

    REG - 52; 78 (Roger + NINJA MCQ)

    Ethics - 68, 96 (how I dislike you)
    -
    This forum is more addictive than drugs. Still returning after licensure.

    Character cannot be developed in ease and quiet. Only through experience of trial and suffering can the soul be strengthened, ambition inspired, and success achieved - Helen Keller

    -

    BEC 80 (10/23/15)
    FAR 72 (4/2/15); 83 (7/11/16)
    REG 52 (4/28/15)
    AUD (9/9/16)

    Roger + NINJA MCQ + WTB

    #822054
    monikernc
    Participant

    check these out for revenue and a/p and inventory transaction cycles
    they may help.

    https://www.mccc.edu/~horowitk/documents/Johnstone_9e_Auditing_Chapter9_PPtFINAL.pdf

    https://www.mccc.edu/~horowitk/documents/Johnstone_9e_Auditing_Chapter11_PPtFINAL.pdf

    AUD - 93
    BEC - 82
    FAR - 76
    REG - 88
    How have you been?
    Ninja book and MCQs and the forum, all first try! 2016
    Licensed State of Montana April Fool’s Day 2020
    State of Colorado June 2020 - AICPA Ethics 93
    Experience was the worst part of the journey for me. You?
    If you want things to change you have to do something different.

    FAR 7/25/15 76!
    AUD 10/30/15 93
    BEC 2/27/16 82
    REG 5/23/16 88!
    Ninja Book and MCQ and the forum - all the way!!!
    and a little thing i like to call, time and effort!
    if you want things to change, you have to do something different

    #822096
    Kettlepot
    Participant

    “COVER U” from Becker
    Completeness, Cut-Off, Valuation, Existence, Rights and Obligations, Understandability = Becker Mnemonic for all three Assertion Classes

    and Perceive Orange County CA, from Ninja Notes…PERCV OCCCA OCCA…PERCV = Account Balance Assertions, OCCCA = Transaction Assertions, OCCA = Disclosure Assertions
    Account Balances
    ————————
    Presentation

    Existence

    Rights & Obligations

    Completeness

    Valuation
    ————————
    Transactions

    Occurance

    Cutoff

    Classification

    Completeness

    Accuracy
    —————–
    Disclosures

    (everything from above except Cutoff)

    Far: 49
    BEC: 79 (Expired)
    AUD: 51, 67, 64
    REG: 59, 64, 59, 69

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