Differences between prevention and detection controls

Assignment Help Accounting Basics
Reference no: EM133006676

Question -

a) Explain the differences between prevention controls and detection controls. Provide two (2) examples of each which you expect to find a retail organisation's sales revenue cycle.

b) Explain and provide examples of three (3) techniques commonly used when testing controls.

Reference no: EM133006676

Questions Cloud

Prepare cash budget for the two months April and May : The owner contributed $75,000 as the opening balance of cash for the business in April. Prepare cash budget for the two months April and May
Compare the quoted price with a bag of similar quality : Visit the company's Web site and custom design a bag. Compare the quoted price with a bag of similar quality and features at a local store
What is the annual pension payment : What is the annual pension payment to be used in computing the projected benefit obligation as of December 31, 2020
How much would MEG Ltd pay : MEG made 5,000 copies and paid a total of $600 in January. In April, they paid $400 for 3,000 copies. How much would MEG Ltd pay
Differences between prevention and detection controls : Explain the differences between prevention controls and detection controls. Provide two (2) examples of each which you expect to find retail organisation sales
Calculate the required after-tax rate of return : The expected return on the market portfolio is 17% per annum. Calculate the required after-tax rate of return of each item identified in (a)
Pass the necessary consolidation journal entries : Pass necessary consolidation journal entries and journal entries to record the non-controlling interest if the non-controlling interest in acquirer is measured
What is the variable cost per unit : Asco Company has a relevant range of production between 15,000 and 30,000 units. If 16,000 units are produced, what is the variable cost per unit
What is the objective of financial statement analysis : What is the objective of financial statement analysis? What are some of the tests of a sound or healthy long-term financial position

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