Describe any business process

Assignment Help Accounting Basics
Reference no: EM132466852

Question 1. Describe any business process, its objective(s) and the general flow of paperwork/decisions. For example, the objective of the Purchasing process is to buy the right item at the right time for the right prices. The flow would involve a requisitioning department sending a request to Purchasing for a particular product, and Purchasing would select the right vendor, etc...

Question 2. Discuss the most significant risk (or more if you want) in the above process and what are some the key controls that will help to mitigate this risk(s) to an adequate level.

Problem 1:  It's been said that "internal controls" in a company are like the brakes in a car. Do you agree with this statement? Please provide your reasoning and arguments on why this is a good or poor analogy.

Reference no: EM132466852

Questions Cloud

Assignment - Water Pollution-Plant Nutrients : Water Pollution-Plant Nutrients Activity - Water Pollution from Nitrates: Why do we have to fertilize crops with synthetic N but natural systems don't
Describe what your ideal playground might include : Describe what your ideal playground might include to meet a physical development need for a 2-3 year old child at the beginning of this stage.
How locks could be used in order to qualify data transaction : Describe how locks could be used in order to qualify data transactions and enhance concurrency control. Suggest at least two business scenarios that would.
What is the degree of operating leverage of modern artifacts : What is the degree of operating leverage of Modern Artifacts when sales are $7,440? (Do not round intermediate calculations)
Describe any business process : Describe any business process, its objective(s) and the general flow of paperwork/decisions. For example, the objective of the Purchasing process is to buy item
Write a brief overview of the scoring system : Do a bit of research on CWE, Common Weakness Enumeration. Write a brief overview of their scoring system. Pick one of common weaknesses identified.
Water Quality Paper Assignment : Water Quality Assignment Paper - Make the connection between the effects our modern industrial agriculture has had on the temperate prairie grasslands
What is the equivalent annual saving from the purchase : What is the equivalent annual saving from the purchase if Gluon can depreciate 100% of the investment immediately.
Managing operating exposure : The key to managing operating exposure at the strategic level is for management to recognize a disequilibrium in parity conditions when it occurs

Reviews

Write a Review

Accounting Basics Questions & Answers

  How much control does fed have over this longer real rate

Hubbard argues that the Fed can control the Fed funds rate, but the interest rate that is important for the economy is a longer-term real rate of interest.   How much control does the Fed have over this longer real rate?

  Coures:- fundamental accounting principles

Coures:- Fundamental Accounting Principles: - Explain the goals and uses of special journals.

  Accounting problems

Accounting problems,  Draw a detailed timeline incorporating the dividends, calculate    the exact Payback Period  b)   the discounted Payback Period. the IRR,  the NPV, the Profitability Index.

  Write a report on internal controls

Write a report on Internal Controls

  Prepare the bank reconciliation for company

Prepare the bank reconciliation for company.

  Cost-benefit analysis

Create a cost-benefit analysis to evaluate the project

  Theory of interest

Theory of Interest: NPV, IRR, Nominal and Real, Amortization, Sinking Fund, TWRR, DWRR

  Liquidity and profitability

Distinguish between liquidity and profitability.

  What is the expected risk premium on the portfolio

Your Corp, Inc. has a corporate tax rate of 35%. Please calculate their after tax cost of debt expressed as a percentage. Your Corp, Inc. has several outstanding bond issues all of which require semiannual interest payments.

  Simple interest and compound interest

Simple Interest, Compound interest, discount rate, force of interest, AV, PV

  Capm and venture capital

CAPM and Venture Capital

Free Assignment Quote

Assured A++ Grade

Get guaranteed satisfaction & time on delivery in every assignment order you paid with us! We ensure premium quality solution document along with free turntin report!

All rights reserved! Copyrights ©2019-2020 ExpertsMind IT Educational Pvt Ltd