@sn0b01 said: Hi Everybody, P4 Advanced Audit and Assurance is a challenging but interesting paper. I would be attempting P2,P4 and P7 in the June session. This should be my last exam session as it may be for most of you. So lets put some extra effort in this Home run guys and complete P4 in a [...]
Unfunded days=Inventory holding days + AR days – AP days
Calculation could be as follows:
Inventory holding days=3.2×365/143.2=8 days
AR days =25.6×365/288.1=32 days
AP days = 8.8×365/143.2=22 days
Hope this will clarify the isssue.