the railway station

I wish to focus on journal entries and other adjustments today.

• We need to have some understanding of the whereabout of key controls over the recording and processing of journal entries.

• Keep an eye on material journal entries and other adjustments at end of reporting period during the course of preparing the financial statements. Eg. top-side entries, consolidating and eliminating adjustments and other closing journal entries such as reclassifications.

• Is there a specific file holding journal entry vouchers with proper authorisation?