[Anonymous]

How do I prepare for this? Any tips for people who were once in similar situations?

[acamp]

Probably depends on the job and the level; if this is an entry level position I'd google some sample tests to practice with.

I'd also brush up on basic JEs for a few common transactions (e.g. all the entries needed to record the sale of a “widget” DR/CR: COS/Revenue; DR/CR: AR/Inventory). Entries to record a prepaid and subsequent usage, entry for an invoiced expense, maybe an equity entry, etc.

Hopefully others will have an more informed answer 🙂

Ninja + Wiley Test Bank: [FAR - 81] [REG - 76] [BEC - 88] [AUD - 73](doh!)

Becker Videos: [AUD - 82]

California CPA

[Anonymous]

Job description

GENERAL DESCRIPTION

Preparation of full disclosure financial statements, audit field work, preparation of federal and state partnership, corporate and individual tax returns. Other duties and responsibilities as assigned. This is a full-time position.

QUALIFICATIONS

Education : BA Degree in Accounting is required. CPA certificate or candidate preferred.
Special Knowledge: Financial statement preparation from un-reconciled client records, manage and perform audit field work, QuickBooks Accounting Software, Microsoft Office & EXCEL
Experience: A Minimum of 1 or 2 years prior public accounting experience is preferred.
GENERAL DUTIES AND RESPONSIBILITIES

Prepares Full Disclosure Financial Statements
Performs Audit Field Work
Corporate, Partnership and Individual Tax Return Preparation

[Anonymous]

How does preparing financial statements from unreconciled accounts differ from preparing them from reconciled ones?

[Anonymous]

Acamp your widget entries are not correct. Suni the difference is you would need to know how to reconcile the accounts before you could produce any type of meaningful financial statement. This would be especially important for any type of attest engagement.

[Author]

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