- August 5, 2021 at 10:22 am #630460Noah098Member
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maam in my kaplan exam kit sometimes there are 3 responses within one box, do i need to write all 3 to get one mark? Or one response per risk is enough for 1 mark?
Harlem co. audit repent o increase in TRs collection period and related point
Discuss with the director the rationale for maintaining the allowance for receivables at the same level as the prior year, despite the increase in receivables collection period and the payment break granted to a large customer.
Extended post year?end cash receipts testing and a review of the aged receivables ledger to be performed to assess valuation and the need for an increased level of allowance for receivables.Review and test the controls surrounding how the finance director identifies old or potentially irrecoverable receivables balances and credit control to ensure that they are operating effectivelyAugust 5, 2021 at 11:06 am #630469Kim SmithKeymaster
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Please refer to the starred post “How to score marks in AA – essential guidance” at the top of this forum. If you work through the guidance you should believe that 1 relevant point gets 1 mark. Model answers are longer than would earn full marks to assist users (students/tutors/markers) in considering that there isn’t just one specific point that would earn credit.
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