Already have an account? Get multiple benefits of using own account!
Login in your account..!
Remember me
Don't have an account? Create your account in less than a minutes,
Forgot password? how can I recover my password now!
Enter right registered email to receive password!
Question: "Roger was the controller for a midsize soft drink bottler and distributor. Roger perpetrated a very simple skimming scheme. The daily bank deposits that arrived on his desk had already been prepared by a bookkeeper. Attached to the deposit slip was documentation in two forms: The bookkeeper prepared a list of payments on accounts receivable and each route salesman prepared a deposit for the cash he had collected. Roger left the accounts receivable alone. But for the route deposits (cash sales) he kept a handy supply of blank forms in his desk. After everyone went home, Roger simply removed cash from one of the route deposits and prepared a new form showing the lower deposit amount. Then he'd throw away the deposit slip prepared by the bookkeeper and fill out another in his own handwriting. In an effort to avoid detection, Roger rotated the route salesman he shorted and he took cash on an irregular basis."
Just before he was fired, Roger made a journal entry for over $380,000 debiting cost of sales and crediting inventory. The reason for the journal entry was noted "To adjust inventory to actual value."
What are some controls that could have been put into place to prevent this from happening?
which one of the following activities best exemplify working capital management. for this exercise you will be choosing
the we like chicken company raises chickens from hatching until they become productive hens. the company is preparing
An internal control system consists of all policies and procedures used to protect assets, ensure reliable accounting, promote efficient operations.
Compute production cost per unit under absorption costing.
Calculate the following variances for September- Materials quantity variance. and Materials purchase price variance.
ACC203 Accounting Information Individual Assignment. You have to provide an individual work report on how you have worked to produce your MYOB assignment. Major part of your individual report is to practice "Audit Around the Computer Approach" and ..
serber inc. which uses a volume-based cost system produces cat condos that sell for 180 each. direct materials cost 24
read question 3 scenario from your text chapter 8 page 310 then complete the shaded areas of the following table. after
Fixed rate notes and bonds have interesting dynamics that respond to various economic factors affecting the market or fair value of those instruments. There are several potential results from the issuance of fixed rate instruments.
Who are the stakeholders in this situation? What are the ethical issues involved in this situation? What would you do if you were Wayne Terrago?
Prepare two income statements for Matka Company, one using the FIFO and straight line methods and the other using the LIFO and double declining balance methods. Ignore income taxes.
Waheed Company uses normal costing. It allocates manufacturing overhead costs using a budgeted rate per machine-hour.
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!
whatsapp: +1-415-670-9521
Phone: +1-415-670-9521
Email: [email protected]
All rights reserved! Copyrights ©2019-2020 ExpertsMind IT Educational Pvt Ltd