User Account

All Pages

What category of internal control objectives

Assignment Help Financial Accounting
Reference no: EM132914111

Problem 1: Internal controls are grouped into the following categories:

A. Production and operations, financial reporting, and management reporting.
B. Efficient operations, financial analysis, and management reporting.
C. Efficient operations, financial analysis and compliance.
D. Effective operations, financial reporting, and compliance.

Problem 2: Which of the following is NOT a method that is used to document accounting systems?

A. Document flowcharts
B. Questionnaires
C. Narratives Notes
D. Disclosure checklists

Problem 3: Soft controls are the intangible factors in an organisation that influence the behaviour of managers and employees. Which of the following is not a factor that influences the way people examine their control activities?

A. Clarity for directors, managers and employees as to what constitutes desirable and undesirable
B. Role modelling among administrators, management or immediate supervisors. behaviour.
C. Openness to discussion of viewpoints, emotions, dilemmas and transgressions
D. The objective of profit maximisation.

Problem 4: That companies must comply with many laws and regulations including company law, tax law and environmental protection regulations requires what category of internal control objectives?

A. Financial reporting
B. Effective operations.
C. Government reporting
D. Compliance.

Reference no: EM132914111

Questions Cloud

What amount would receivables have to decrease in order : The company is considering a change in credit policy. What amount would receivables have to decrease in order to reduce the cash cycle by 5 days?
Calculate bay area cycle per unit variable expense : Current operating income for Bay Area Cycles Co. is $50,000. Calculate Bay Area Cycle's per unit variable expense and contribution margin.
What is the expected annualized yield on the bonds : What is the expected annualized yield on the bonds over the next two years, assuming they are to be sold in two years
Which makes for an effective control environment : Which makes for an effective control environment with regards to commitment competence? Reduce pressure to meet unrealistic performance targets
What category of internal control objectives : Regulations including company law, tax law and environmental protection regulations requires what category of internal control objectives?
Identify one of the competitive tactics : Pick any corporation you are familiar with and identify one of the competitive tactics it uses from this week's reading "Formulating Strategy." Analyze the comp
How to reduce the costs : You own a small café. Your electricity gas and water bills are very igh compared to the rest of the businesses around you according to the average consumption.
Which is not component of internal control according to coso : Which is not components of internal control according to COSO? The preliminary assessment of control risk includes all the following procedures except?
Role of technology : Discuss what you think is the role of technology on how people search and access information in your country. Give practical examples.

Reviews

Write a Review

Financial Accounting Questions & Answers

  Cases in the past 15 years or so where corporations have

corporate ethics and fraud have received much media attention through reporting of scandals at major corporations. you

  Prepare journal entries

The cost of licensing was nominal and the useful life of the patent is 15 years. Prepare journal entries from 2020 to 2024

  Manufacturing overhead on the manufacturing overhead budget

The manufacturing overhead budget at Calendar Corporation is based on budgeted direct labor-hours. The direct labor budget indicates that 6,800 direct labor-hours will be required in February. The variable overhead rate is $3.20 per direct labor-hour..

  Collect industrial benchmarks or ratios for the ratios

Collect the most recent 10-K, including financial statements, their footnotes, and management discussion for one of the following primary firms: In addition, you need to collect industrial benchmarks or ratios for the ratios you need to calculate (Se..

  How much withdrawal tax apply to the total withdrawal amount

For the 2020/21 financial year, how much withdrawal tax (including the Medicare Levy) would apply to the total withdrawal amount?

  What in formation would advice client to focus

Suppose that you are financial analysts and that your two client,What in formation would advice client to focus on in their relevent analyses?

  Annual compounding of interest and appreciation

Ron and Gail are going to invest some of their $$$$ for two years from January 1 2016 to December 31, 2017. Show the net return will give in 2017 considering expenses, annual compounding of interest/appreciation, timing of income and of tax payment, ..

  Selected t-accounts for rolm company are given below for

selected t-accounts for rolm company are given below for the just completed yearraw materialsmanufacturing overheadbal.

  BAP32 Corporate Accounting Assignment

BAP32 Corporate Accounting Assignment Help and Solution, Universal Business School Sydney - Assessment Writing Service - Prepare the acquisition analysis

  What is the net impact of this sale on the us

What is the net impact of this sale on the U.S. current account, capital account, and overall balance of payments for 2010

  What is the subscription price

The company has determined that the ex-rights price will be $92. The rights offer would raise a total of $80 million. What is the subscription price

  About the dividends per share

Michelangelo Inc., a software development firm, has stock outstanding as follows: 30,000 shares of cumulative 4%, preferred stock of $25 par, and 38,000 shares of $75 par common. During its first four years of operations, the following amounts were d..

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!

Submit Assignment

Academics

Major Subjects

Majors

Get In Touch

whatsapp: +1-415-670-9521

Phone: +1-415-670-9521

Email: [email protected]

TERMS & POLICIES

HELP & SUPPORT

All rights reserved! Copyrights ©2019-2020 ExpertsMind IT Educational Pvt Ltd