Page 129 - Audit Day 3 - Class Slides

THE FINANCE AND INVESTMENT CYCLE

The Finance Cycle

Read up the relevant sections and be comfortable

with auditing (performing generic procedures) on

the following FSLIs;

• Share Capital

• Reserves

• Debentures

• Long-term loans

• Finance lease liabilities

• Provisions, contingent liabilities and contingent assets

• NB – Exam questions will always be at the

application level!

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