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!
Task -
You have recently started as the Financial Accountant in a new organisation, 'Fruito'. Fruito is a local fruit shop which has both a retail shop selling to the public and distributes produce to other local businesses such as restaurants and hotels. Part of your role involves supervising the Accounts Payable department. After observing how the processes are undertaken, you have early concerns around Internal Controls with the ordering and receiving part of the expenditure cycle. After raising your concerns with the Chief Financial Officer (CFO), you are to undertake an initial internal audit of the process, specifically focusing on accuracy, completeness and validity. The scope of the investigation is to:
1. Identify the risks faced by Fruito when ordering and receiving their stock (fruit and vegetables). What is the potential impact of each risk to Fruito?
2. Recommend which Internal Controls should be implemented by Fruito. How do these controls mitigate the risks you have identified?
Prepare a summary of your findings for the CFO.
Rationale - This assessment task is designed to enable you to demonstrate your ability to:
Assignment link - https://www.dropbox.com/s/pewqshz7oylv26w/Assignment.rar?dl=0
Total 1000 words, please check the Task, rest are supporting slides, I want the best one please. Outstanding analysis of at least 7 key relevant risks and how they impact the process. Provision of at least 2 relevant recommendations for each identified risk, providing an outstanding level of detail regarding how they each mitigate the risks. Outstanding use of syntax, vocabulary, spelling and punctuation; succinct and effective use of vocabulary; correctly formatted using APA style referencing. Outstanding presentation of findings in the correct report format. Include a summary of your findings in a response to the CFO. Your response should include: a cover page; an Executive Summary; and a table summarising your findings.
the jackson timberlake wardrobe co. just paid a dividend of 1.45 per share on its stock. the dividends are expected to
revenue recognition principle heartstrings gift shoppe sells an assortment of gifts for any occasion. during october
colt industries had sales in 2008 of 6400000 and gross profit of 1100000. management is considering two alternative
a cost center is a unit of a business that incurs costs but does not directly generate revenues. which of the following
The following payroll liability accounts are included in the ledger of Pettibone Company on January 1, 2010.
louis files as a single taxpayer. in april of this year he received a 900 refund of state income taxes that he paid
savrocca accountant for shine king cleaning is attempting to reconcile the monthly bank account.nbsp savrocca has the
netspeed technologies is a telecom component manufacturer. the firm typically has a collection period of 51 days and
On January 1, 2010, Gucci Brothers Inc. started the year with a $500,000 credit balance in retained earnings and a $608,000 balance in common stock. During 2010, the company earned net income of $109,000, paid a dividend of $14,200, and issued mor..
The economic activities of FedEx Corporation are divided into 12-month periods for the purpose of issuing annual reports.
How does Altitude Online Web site contribute to the company commerce? How will the new ERP system impact Altitude Online Web presence?
For each listed transaction and related adjusting entry, indicate the accounts, amounts, and effects (+ for increase, for decrease, and NE for no effect) on the accounting equation, using the following format: For each item, state whether the debt-t..
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