- Description
- Specifications
This paper is a detailed commentary on the contents of a set of working papers which should be maintained for the management accounts being prepared for the small/medium enterprise.
The paper was written to support staff training and in particular the development of an understanding of Practice Development activities within an accountancy business.
The paper is presented under the headings:
- Why Prepare Work Papers?
- Various Work Papers
- Work Papers Index
- Supporting Evidence
- General Section Of Work Papers (A)
- Review Points (A1)
- Checklist (A2)
- Interview Notes (A3)
- Query List (A4)
- Source Of Information (A5)
- Things To Do (A6)
- Notes And Correspondence (A7)
- Income Section Of Work Papers (B)
- Receipt Reconciliations/Recipient Created Tax Invoices
- Rented Properties Statements (B2)
- Dividends Received (B3)
- Interest Received (B4)
- Livestock Sales/Purchases (B5)
- Expenses Section Of Work Papers (C)
- Donations/Fees (C1)
- Electricity/Telephone (C2)
- Insurance (C3)
- Interest (C4)
- Lease Payments (C5)
- Motor Vehicle Expenses (C6)
- Wages (C7)
- Petty Cash (C8)
- Repairs And Maintenance (C9)
- Hire To Related Entities
- Hire Of Equipment
- Capital Section Of Work Papers (D)
- Equity Shareholder's Fund (D1)
- Reserves (D2)
- Current Assets Section Of Work Papers (E)
- Bank Reconciliation (E1)
- Cash In Hand (E2)
- Loans Related Entities (E3)
- Debtors (E4)
- Beneficiary/Shareholder Loans (E6)
- Stock Section Of Work Papers (F)
- Livestock (F1)
- Stock On Hand (F2)
- Work In Progress (F3)
- Investments Section Of Work Papers (G)
- Loans (G1)
- Shares (G2)
- Non Current Assets Section Of Work Papers (H)
- Depreciation Schedule On Assets
- Acquisitions And Disposals (H2)
- Leased Assets (H3)
- Intangibles (H4)
- Borrowing Costs (H5)
- Interest Suspense Account (H6)
- Liabilities Section Of Work Papers (I)
- Creditors (I1)
- Provisions/Accruals (I2)
- Beneficiaries/Shareholder Loans (I3)
- Lease Liability (I4)
- Loans (I5)
- Hire Purchase Debt (I6)
- Loan Related Entities (I7)
- Key Performance Indicators Section Of Work Papers (J)
- Analysis Of KPIs (J1)
- Notes On Comparison To Previous Year And Budget (J2)
- Report To Client (J3)
- Goods And Services Tax Section Of Work Papers (K)
- Control Accounts Reconciliation (K1)
- Tax Section Of Work Papers (L)
- Provision For Taxation (L1)
- Taxation Accounts Reconciliation (L2)
- Budgets Section Of Work Papers (M)
- Time Estimates (M1)
- Client Actual To Budget Comparison (M2)
- and contains a Work Paper Index as an Addendum.