Assignment #1 Time Budget

Assignment #1 Time Budget - Peach Blossom Cologne Company...

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P-1 Time Budget December 31, 2009 1 of 2 ============================================================================================================================= Prior Current Current Var. Explanation of Year Year Year from Variance from Audit Area Actual % Budget % Actual % Budget Budget ============================================================================================================================= Planning 6 2.6% 20 10.0% Interim: Understanding internal control 5 2.1% 10 5.0% Testing control design effectiveness 3 1.3% 5 2.5% Testing control operting effectiveness 3 1.3% 5 2.5% Cash 2 0.9% 4 2.0% Accounts Receivable 2 0.9% 3 1.5% Inventory 4 1.7% 7 3.5% Fixed assets 2 0.9% 2 1.0% Accounts Payable 2 0.9% 3 1.5% Accrued liabilites 2 0.9% 2 1.0% Federal income taxes 2 0.9% 2 1.0% Notes Payable 2 0.9% 3 1.5% Capital Stock 1 0.4% 2 1.0% Retained Earnings 1 0.4% 2 1.0% Operating accounts 2 0.9% 4 2.0% Trial balance and adjusting entries 3 1.3%
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Assignment #1 Time Budget - Peach Blossom Cologne Company...

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