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FINANCIAL AUDIT - Coggle Diagram
FINANCIAL AUDIT
BALANCE SHEET
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Capital Accounts
The Assets must respond to the Liabilities, leaving the
difference or what constitutes the capital of the company
Asset Accounts
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Non-current assets
It is made up of those financial representations or items whose objective is not to be sold, to the lesser in the short term, and that are used directly in the operation of the business.
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Property, plant and equipment
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Financial reasons
Profitability reasons
They allow you to analyze and evaluate the profits of the company with respect to a given level of sales, assets or the investment of the owners.
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Liquidity Ratios
The liquidity of an organization is judged by the ability to pay off short-term obligations that have been acquired as they mature.
STATEMENT OF INCOME
Sales cost
are those incurred in the area that is
in charge of taking the product from the company to the last consumer
Expenses
They are those reasonable expenditures, in which the company must incur, in order to generate sales and / or income
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Financial expenses
They are the expenses incurred by the company, on the occasion of
the use of bank financing and loan contracts
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Net sales
This concept includes the total amount of sales, made by the company during the reference year, of finished products.
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CASH FLOW
State of Origins
name of State of Origin and
Resource Application, US Commission on Financial Accounting Principles
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Results report
The most common type of auditor's report is the standard report, also known as an unqualified opinion or clean opinion.
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Comparative method
When comparing the balance sheets of 2 periods with dates
different we can observe the changes obtained in the assets, liabilities and equity of an entity in terms of money
COMPREHENSIVE ANALYSIS
Projections
evolution projections
of sales, purchases, collections, payments and other movements in the company's accounts
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By hundreds integral
The use of accounting information to
control and planning purposes is a highly necessary procedure for executives
By hundreds integral
This method consists of separating the content of the Financial Statements to a
same date corresponding to the same period in its elements or integral parts in order to be able to determine the proportion that each one of them has in relation to a whole.