What types of businesses handle lots of cash

Assignment Help Accounting Basics
Reference no: EM131901249

Question: This week's fraud topics are cash larceny and billing schemes. What types of businesses and industries are particularly prone to these fraud issues? Have you ever worked in a business that carried lots of cash on hand and, if so, tell us what types of controls (or lack thereof) were in place to prevent cash larceny from happening?

Class,

First. what types of businesses handle lots of cash that could be skimmed or later stolen? Try to offer suggestions on how to prevent or detect this type of fraud. If you have experienced fraud in the workplace, feel free to discuss the schemes and share your experience.

Reference no: EM131901249

Questions Cloud

How has the history of healthcare compliance changed : How has the history of healthcare compliance changed since its inception? Hint: Look at the ways in which penalties have increased in various ways.
In what ways do you feel english language education prepared : In what ways do you feel your English language education (in an IEP program in the US or in your home country) prepared you for college courses?
What is the value of p using the euler method : Suppose P(0) = 1, d P(t) / dt = P(t) (1 + P(t) + t), delta = 0.1. What is the value of P(delta) using the Euler method.
What stance do you find most convincing and why : What are two perspectives as to what the 2nd Amendment protects and what evidence/ arguments do those two sides make to support their stance.
What types of businesses handle lots of cash : This week's fraud topics are cash larceny and billing schemes. What types of businesses and industries are particularly prone to these fraud issues?
Evaluate dondi properties corp v commercial savings : Discuss the court's analysis that the legislature, not the courts, need to address responsibility for lawyers' fees?
Set of normally distributed data : Suppose you have a set of normally distributed data where the mean is 120 and the standard deviation is 15. What score is located at -2 standard deviations?
Potential impact of acknowledging people on your team : Discuss the potential impact of acknowledging people on your team. How could it affect the person, the team, and/or the workplace? Include a professional exam
Create a new table in datasheet view with the given options : Carpenter Family Camp operates summer camps for youth as well as families on a lake in Maine situated near the coast. The camp includes activities for families.

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