Description
Description: This clinic provides a deep dive into preparing for audit procedures related to revenue and accounts receivable. It starts by helping you map your revenue streams and align them with your documented revenue recognition policies. You will learn how to assemble customer listings, aging reports, and reconciliation schedules that tie to the general ledger. Sample documentation shows how to support significant contracts, unusual billing arrangements, and multi-element transactions. You will see how to prepare audit confirmation lists and manage responses efficiently. Guidance is provided on documenting credit notes, write-offs, and allowances for doubtful accounts. The clinic highlights typical auditor questions about cut-off, completeness, and existence of receivables. You will receive templates to document revenue testing samples and explain exceptions discovered during your own pre-checks. A final segment explains how to summarize revenue analytics and trends in a format that auditors can quickly understand. By using this clinic, your revenue and receivables area will be substantially more organized and transparent before audit testing begins. Format: Streaming video modules, receivables schedule templates, confirmation trackers, and policy-mapping worksheets. Duration: About 2 hours of core content plus time to apply techniques to your own revenue cycles. What You’ll Learn: How to document revenue recognition, prepare receivable support, manage confirmations, and anticipate auditor focus areas. Target Audience: Revenue accountants, AR specialists, finance managers, and audit liaisons in organizations with recurring audits.
