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Financial Audit - Coggle Diagram
Financial Audit
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Statement of Income
It is composed of
Cost of Sale
are those incurred in the area that is
in charge of taking the product from the company to the last consumer
spending
Expenses are those reasonable expenditures that the company must incur in order to generate sales and income
Net sales
They are so named because they are the goods sold owned by the establishment, minus the amount of returns, discounts and rebates on sales without including VAT, but including any other tax that the establishment transfers to the customer
Cash flow
Comparative method
These changes are important because they provide guidance to the Entity's administration on what is happening or how they are transforming
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State of Origin
Initially, it was called that, since the techniques of its elaboration consisted only in comparing the initial and final balances of a period considered
Result Report
This report is considered a standard report because it consists of three paragraphs that contain standard phrases and terminologies with a specific meaning
Comprehensive Analysis
Percent Integrals
This method consists of separating the content of the Financial Statements on the same date corresponding to the same period in their
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Projections
One of the most important objectives of financial budgeting is to find the projected levels of Cash that the company will have