Discuss any four components of internal control

Assignment Help Managerial Accounting
Reference no: EM132617182

Problem 1: Discuss any four components of internal control and its importance in helping the organisation achieve its strategic objectives. Explain in detail with an example.

Reference no: EM132617182

Questions Cloud

How much should the beard tax be : How much should the beard tax be? What is the structure of your beard tax: progressive? regressive, or flat? Provide 3 reasons why the beard tax is a "bad" tax.
Main concepts of strategic leadership and planning : Strategic Thinking - you were introduced to the main concepts of strategic leadership and planning.
Calculate lawrence pensionable taxable amounts : Calculate Lawrence's pensionable, insurable and taxable amounts. Then calculate CPP & EI deductions and look up the corresponding federal and provincial tax
Risk management and assess it risk in business terms : Justify the goals and various key terms used in risk management and assess IT risk in business terms and apply both quantitative and qualitative risk management
Discuss any four components of internal control : Discuss any four components of internal control and its importance in helping the organisation achieve its strategic objectives. Explain in detail with example.
Why would the investor be concerned : Why would the investor be concerned with the statement of cash flows when they have the income statement provided
Explain the term sufficient and appropriate evidence : Discuss four balance related objectives of the financial statement and determine how each is relevant in gathering sufficient and appropriate evidence
What is the year-end balance in retained earnings : The following information appears on the balance sheet of Barrel Corporation at year-end: What is the year-end balance in retained earnings
Is tax payment made voluntarily or involuntarily : Is tax payment made voluntarily (i.e. the bearded send a check for $X to the tax authority) or involuntarily (i.e., all people are assumed to have beards

Reviews

Write a Review

Managerial Accounting Questions & Answers

  How much money was in the education fund at maturity

How much money was in the education fund at maturity?How much money was in the vacation fund at maturity? The education fund has an average return of 12%

  What is the total indirect selling expense

When the company sells 21,750 units, what is the total indirect selling expense that cannot be readily traced to individual sales representatives?

  Determine the spending variance on direct labor

Break down the spending variance above into a labor rate variance and a labor efficiency variance and whether each was favorable (F)

  Demonstrate how to prepare a statement of cost of goods

Demonstrate how to prepare a statement of cost of goods manufactured and sold including the adjustment for over- or underapplied overhead

  What an account over a period of time is called

The growth effect that applying the same interest rate has on an account over a period of time is called? Compound Interest, Present Value

  What lazy linda total internal failure cost was

What Lazy Linda's total internal failure cost was? Lazy Linda Kitchen Appliances manufactures small kitchen appliances such as toasters and blenders.

  Compute the residual income for each division

Wescott Company has three divisions, How do you Compute the residual income for each division. (Loss amounts should be indicated by a minus sign.)?

  The new break even volume

Sundial, Inc., produces two models of sunglasses: AU and NZ. The sunglasses have the following characteristics:

  How businesses can better present financial statements

How businesses can better present financial statements for other businesses or financial institutions. Correlate your current company's product cost design

  Provide an insight into how ethics can best

Provide an insight into how Ethics can best be incorporated in organisations and those charge with Corporate Goverance.

  How much cash would be made available with new collection

If this is accomplished, how much cash would be made available with the new collection period? Total annual credit sales are approximately $9.73 million.

  What is the maximum cost for warehousing

For Caldwell , What is the maximum cost (i.e., target cost) for warehousing if the firm desires to earn the same amount of profit next year?

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