What should you do to try and resolve the given situation

Assignment Help Accounting Basics
Reference no: EM131504476

Discussion

You have just been hired as an accountant for ABC Inc. and notice several weaknesses in internal control over cash, especially in the area of segregation of duties. Your manager says not to worry about the lack of controls all of the employees are very honest. How do you think these weaknesses would effect the financial statements and what should you do to try and resolve the situation? Please make sure you note your source in APA format and include the complete library website and document number. Do not forget to respond to the other topic for this week.

Reference no: EM131504476

Questions Cloud

What is the effective rate of interest : What is the effective rate of interest?
Develop one directive for joyce : How might you use impathic confrontation with joyce to seek clarification, to discover a new resolution of difficulties, and to provide a supportive challenge?
Children in social science research : What do you think is the most important ethical consideration when including children in social science research? Why?
Used in the determination of causality : What do you think? Can statistical reasoning be used in the determination of causality?
What should you do to try and resolve the given situation : How do you think these weaknesses would effect the financial statements and what should you do to try and resolve the situation?
What price would you expect tcks common stock to sell : If the risk-free rate is 9.2 percent and the market risk premium is 6 percent, at what price would you expect TCK’s common stock to sell?
Difference between a statistically significant result : What is the difference between a statistically significant result and a clinically or "real world" significant result?
Provide a statement of your organizations goals : Provide a statement of your organization's goals in terms of workplace safety, risk management, or quality improvement.
How does the treatment of costs differ in abc systems : How treatment of costs differ in ABC systems as opposed to traditional cost systems? What is difference between operations costing and a process costing system?

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