Slide 1

Slide notes: For the Asset Capital balancing between the Asset Sub Ledger and the General Ledger Control Accounts, we use Health Checks 102, 103 & 104.

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Slide 7

Slide notes: We use check 102.

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Slide 9

Slide notes: And we use check 103.

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Slide 11

Slide notes: And we use check 104.

Slide 12

Slide notes: In each case, we select the same Period settings.

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Slide 16

Slide notes: And we combine the 3 Reports to perform our verification. The report at the top is from check 104, and these figures are directly from the General Ledger Control Accounts. Reports 102 and 103 below are from the Asset Sub Ledger.

Slide 17

Slide notes: Report 102 lists the Accumulated Depreciation Totals while 103 lists the Capital Totals.

Slide 18

Slide notes: In both cases, these totals need to be correlated with the same Control Account numbers from the Asset Control Accounts in the report at the top.

Slide 19

Slide notes: This is an optional verification, but it is something that the Asset Management Accountant and the Auditor may want to do.