Difference between a preventive and a detective control

Assignment Help Managerial Accounting
Reference no: EM133027186

Question - What is the difference between a preventive control and a detective control? Which of the following are detective, rather than preventive, controls? Please select all that apply.

a. Entering an access code in addition to a password while logging into a banking website

b. Requiring two authorizing signatures for all checks/ electronic funds transfers over a certain dollar threshold

c. Preparing a bank reconciliation

d. Doing a quarterly physical count and observation of the items in a gift shop's inventory

Reference no: EM133027186

Questions Cloud

What amount should be reported for land : At December 31, 2020, the land value has increased to 96,700. What amount should be reported for land in Pharaoh's balance sheet at December 31, 2020
Describe the diversity among families : After viewing the video (YouTube Video: Honey Maid: This is Wholesome :30 TV Commercial Official), answer the questions.
Building and construction projects : Identify materials or physical resources required for the project completion and Estimate the material, labour and other costs involved in completion
What is a fair level of pay for top executives : Equity and Executive Pay Few topics in the business press grab headlines and ignite the public like the compensation packages received by top management
Difference between a preventive and a detective control : What is the difference between a preventive control and a detective control? Which of the following are detective, rather than preventive, controls
What is emirates airlines company : What is Emirates Airlines company and what are the Human Resources strategies that the company uses to be one of the best airline companies in the industry?
What is the implied price per share : You own 100% of the company with 4.52 million shares. The VC offers $1.09 million for 840,000 new shares. What is the implied price per share
Discrimination in a low-wage labor market : Please consider how social demographics in the population (including aging, socioeconomic class, race, ethnicity, and language) change the way we govern
How much would Mr Tan have had to save each year : Mr. Tan expects to retire in 15 years and has suddenly realized that he hasn't saved anything toward that goal. How much would Mr Tan have had to save each year

Reviews

Write a Review

Managerial Accounting Questions & Answers

  Manage budgets and financial plans

Explain the budgeting process and its importance to a business, identifying the components of different budgets, forecast estimates for inclusion in the budgets.

  Prepare a retained earnings statement

Prepare a retained earnings statement for the year and Prepare a stockholders' equity section of given case.

  Prepare a master budget for the three-month period

Prepare a master budget for the three-month period.

  Construct the companys direct labor budget

Construct the company's direct labor budget for the upcoming fiscal year, assuming that the direct labor workforce is adjusted each quarter to match the number of hours required to produce the forecasted number of units produced.

  Evaluate the predetermined overhead rate

Evaluate the Predetermined Overhead Rate

  Determine the company''s bid

Determine the company's bid if activity-based costing is used and the bid is based upon full manufacturing cost plus 30 percent.

  Compute the pool rates for the different activities

Complete the schedule to compute the pool rates for the different activities.

  Prepare Company financial statements

Prepare Company financial statements

  Prepare an analysis of terracycles

This individual assignment is based on the TerraCycle Inc.

  Discuss the ethical issues

Discuss the ethical issues

  Political resources in emerging markets

Calculate the GDP in Income Approach  and Expenditure Approach

  Management accounting - ehsan electronics company

A new plant accountant suggested that the company may be able to assign support costs to products more accurately by using an activity based costing system that relies on a separate rate for each manufacturing activity that causes support costs.

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