Cash-internal controls over cash in your life

Assignment Help HR Management

Reference no: EM13817817

Cash - Internal Controls Over Cash in Your Life

Provide an original and substantive response to the questions posed in your Journal in a minimum of 200 words.

Cash presents unique risks and internal control issues due to the high liquidity and high volume of transactions. We all make purchases at retail outlets, probably several times each week.

Think about your recent purchases at a gas station, grocery store, movie theater, restaurant, etc. Pick two of your recent cash (debit/credit, check, etc.) transactions.

Discuss both the risks presented in processing your transactions as well as the controls you noticed (or would expect to find) in those establishments to safeguard your purchase.

Reference no: EM13817817

Questions Cloud

How a project manager can use strategy : How a project manager can use strategy in a project involving purchasing and supply management and how it has helped their organization with new business and market share.

What type of operations and supply chain environment : What type of operations and supply chain environment has more difficulty managing capacity- n environment supporting standardized products and services or one that supports customized products and services. Explain.

Question regarding the recommending controls : You will have the opportunity in this Discussion to recommend sound internal controls over sales invoices and receivables. If controls are not in place over these functions, companies are susceptible to errors, fraud, and losses.

Explain how you will address jims recent performance issues : Explain how you will address Jim's recent performance issues. Suggest both constructive and positive feedback designed so that Jim will leave motivated to do his best.

Cash-internal controls over cash in your life : Provide an original and substantive response to the questions posed in your Journal in a minimum of 200 words.

Is u.s. court system structured to determine the truth : Is the current U.S. Court System structured to determine the truth? Are there safeguards to enable the system to reach the truth?

Determine the optimal weekly production schedule for mvc : Determine the optimal weekly production schedule for MVC. What is the optimal weekly profit. What is the minimum price that would justify producing the Plus Model. Explain.

Capital or earned capital more important : Why is it important to keep paid-in capital separate from earned capital? As an investor, is paid-in capital or earned capital more important? Explain why.

Justify the financing of national public health initiatives : An explanation of how public health professionals may affect future financing decisions related to public health policy and describe two measures that can be taken to justify the financing of national public health initiatives.

User Account

All Pages