Step-by-Step guide to Preparing Compilation/NTR engagement

$299

Step-by-Step guide to Preparing Compilation/NTR engagement

In this course, you will prepare a Compilation/ Notice to Reader Engagement including the working paper file, financial statements and the corporate tax return for a client. Prerequisite for the course is CW working paper and CV financial statement course.

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Welcome to the Compilation/NTR Engagement Course

General Information

Documentation Requirements

NTR File Documentation Requirements

Journal Entries

Accounting Adjusting Journal Entries

False and/or Misleading - CPA member must be aware of ?

False and/or Misleading - CPA member must be aware of?

COMPILATION ENGAGEMENT EFFICIENCIES: CLIENT SERVICE/BOOKKEEPING ADJUSTMENTS AND CONSIDERATIONS FOR PREPARERS

CONSIDERATIONS FOR PREPARERS

STEP 1 - Create a New CaseWare File

STEP 2 - Obtain and Review Client's Trial Balance

STEP 3 - Enter Client's Trial Balance into CaseWare File and Assign LeadSheets

STEP 4 - Prepare a list of outstanding questions for the client to obtain supporting information

Sample email to client relating - outstanding list of questions

STEP 5 - Client's Response to your email

STEP 6 - Preparing Working Paper File - Section by Section

Document Manager - sample view

Cash and Bank Section of WPF - Leadsheet A

Common Procedures for Cash and Bank

Sample 1 - Cash and Bank Section of WPF.pdf

Sample 2 - Cash and bank section of WPF.pdf

Accounts Receivable Section of the WPF - Leadsheet C

Common Procedures for A/R section

Sample 1 - AR Section of WPF.pdf

Sample 2 - AR section of WPF.pdf

Prepaid Section of the WPF - Leadsheet L

Sample Response 1 - Prepaid Section of the WPF

Sample 2 - Prepaid Section of WPF - Where the CPA Firm requires additional documentation for NTR

Capital Assets Section of the WPF - Leadsheet U

Sample Response 1 - Capital Assets Section of WPF

Sample 2 - Fixed Assets Section of WPF - Where the CPA Firm requires additional documentation for NTR

Intercompany Payable/Receivable Section of the WPF - Leadsheet AA

Sample Response 1 - Intercompany Payable/Receivable Section of WPF

Sample 2 - Related Party Loan Section of WPF - Where the CPA Firm requires additional documentation for NTR

Accounts Payable and Accrued Liabilities Section of the WPF - Leadsheet BB

Sample Response 1 - Accounts Payable and Accrued Liabilities Section of the WPF

Sample 2 - Accounts Payable and Accrued liabilities section of WPF - Where the CPA Firm requires additional documentation for NTR

Income Taxes Payable/Refundable Section of the WPF - Leadsheet FF

Income Taxes Payable/Refundable Section of the WPF

Long Term Loan Section of the WPF - Leadsheet EE

Sample Response 1 - Long Term Loan Section of the WPF

Sample 2 - Long Term Loan section of WPF - Where the CPA Firm requires additional documentation for NTR

Shareholder Loan Section of the WPF - Leadsheet KK

Sample Response 1 - Shareholder Loan Section of the WPF

Sample 2 - Shareholder Loan section of WPF - Where the CPA Firm requires additional documentation for NTR

Equity Section of the WPF - Leadsheet SS

Equity Section of the WPF

Retained Earnings Section of the WPF - Leadsheet RE

Retained Earnings Section of the WPF

Sales and Revenues Section of the WPF - Leadsheet 20

Sales and Revenues Section of the WPF

Cost of Goods Sold Section of the WPF - Leadsheet 30

Cost of Goods Sold Section of the WPF

Operating Expenses Section of the WPF - Leadsheet 40

Operating Expenses Section of the WPF