What might have been some of the more detailed work

Assignment Help Accounting Basics
Reference no: EM132613940

Question 1: For cash, the key control is the bank reconciliation. As a new Chief Financial Officer, he would always do the bank reconciliation himself for the first few months before returning it to the Controller to report as part of their normal duties. What might have been some of the more detailed work he would have done apart from the mathematical exercise of agreeing the bank and the ledger amounts? Why did he do the work myself for a few months rather than just approve the reconciliation done by the Controller?

Reference no: EM132613940

Questions Cloud

Reasons for deviations from purchasing power parity : What are some reasons for deviations from purchasing power parity?
What is the spot rate implied by these interest rates : If the current spot rate for the Swiss franc is $0.3985, what is the spot rate implied by these interest rates for the franc three years from now?
Calculate the net pay of employee : Pak Alco. Employees 40 workers and it pays $7.00 per hour to its production workers for a 35 hours week. Calculate the net pay of employee
Describe the basis that lead to firms engaging right staff : Describe the basis that lead to firms engaging the right staff in the quest to meet quality of product or services
What might have been some of the more detailed work : What might have been some of the more detailed work he would have done apart from the mathematical exercise of agreeing the bank and the ledger amounts
Conduct a competitive analysis : Apply an evidence-based approach to software requirements elicitation and specification - identify possible requirements and get ideas for improvement
Net profit per unit to the buyer of the australian dollar : The following information is currently available for Australian Dollar (AUD) option expiring in 2 months:
Describe the employer contributions : Québec, Describe the employer contributions that are specific to the province of Québec, their rates and thresholds where available
Direct financing-financing intermediation : Identify and describe the key benefits of both and provide a recommendation as to which you think is better.

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