Overstatement of revenueForums › ACCA Forums › ACCA AA Audit and Assurance Forums › Overstatement of revenueThis topic has 3 replies, 2 voices, and was last updated 3 years ago by Kim Smith.Viewing 4 posts - 1 through 4 (of 4 total)AuthorPosts August 2, 2021 at 11:07 am #630112 QAZWEDMemberTopics: 24Replies: 38☆☆How would an overstatement of revenue would lead to a reduction in receivables Collection period? August 3, 2021 at 6:06 am #630205 Kim SmithKeymasterTopics: 130Replies: 8150☆☆☆☆☆It’s a useful technique with any ratios to make up some numbers:Suppose receivables = $30k and revenue = $300k => 36.5 days (30/300*365)Now inflate revenue to $450 or $600 …. what happens to the number of days?Also if you post to the ask the tutor forum, I answer posts every day. August 3, 2021 at 8:15 am #630212 QAZWEDMemberTopics: 24Replies: 38☆☆Thanks a lot :))) August 3, 2021 at 2:53 pm #630274 Kim SmithKeymasterTopics: 130Replies: 8150☆☆☆☆☆You’re welcome!AuthorPostsViewing 4 posts - 1 through 4 (of 4 total)The topic ‘Overstatement of revenue’ is closed to new replies.