Back to the track — Financial Reporting Accountant
Account substantiation: balance to assertion
Account substantiation begins with the assertion, then proves population and roll-forward and selects appropriate procedure and evidence. A 0.00 difference proves tie, not completeness or existence. Open items have owner, evidence and closure condition. Presentation and disclosure form part of the conclusion, and the reviewer reperforms before approval.
Lecture preview
What this lecture contains
- Accounting learning outcomes
- Accounting case and facts
- Accounting treatment
- Supporting documents
- Worked cases and entries
- Posting and controls
- Required workpaper
- Work files and downloads
- Test the treatment with other figures
- Staged accounting case
- Treatment and review errors
- Error log
- Treatment and control summary
- Professional question
- Check your understanding
- On video
What an ORIX account adds
- The full explanation, worked examples and drawn documents.
- The workpaper, decision card and lab in the platform tool.
- A marked check, then a resume point and readiness derived from your work.
- A record and portfolio that follow your account to another device.
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