User Account

All Pages

Which is not a method that is used to document accounting

Assignment Help Financial Accounting
Reference no: EM132914097

Problem 1) Which of the following is NOT a method that is used to document accounting systems?

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

Problem 2) Internal controls are grouped into the following categories.

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

Problem 3) Which of the following is NOT an inherent limitation of internal control systems?

A. Possibility that employees may collude together fraudulently
B. Insufficient segregation of duties
C. Possibility of human error in undertaking
D. Management override

Reference no: EM132914097

Questions Cloud

How the north won the war but arguably lost the peace : Having the advantage of knowing how the North won the war but arguably lost the peace, how do you think Lincoln would have managed Reconstruction had he lived?
Share activity you used in virtual classroom : Share an activity you used in the virtual classroom that went well. Provide detailed instructions so others can use the activity in their virtual classrooms.
Outline two specific customer retention : Outline two specific customer retention techniques which you can recommend for Jeremy to engage in as he plans to work on this aspect - Explain your responses
Describe a time when you conducted secondary research : 1. Describe a time when you conducted secondary research prior to making a purchase or completing an educational assignment.
Which is not a method that is used to document accounting : Which is NOT a method that is used to document accounting systems? Internal controls are grouped into the following categories.?
Which statements concerning international trade is true : Which statements concerning international trade and protection is true? One of the major consequences of international trade between nations is?
How can we display the number of books : In SQL can you please help me how to present a query to list each member first name, last name, the rented book name and due date. Also how can we make view "Bo
What is the amount will be required to pay : You just purchased $13,400 of goods from your supplier with credit terms of 2/6, net 30. What is the amount you will be required to pay?
Create draft individual success plan : Create a draft Individual Success Plan for accomplishing the final deliverables in this course,

Reviews

Write a Review

Financial Accounting Questions & Answers

  How many Swiss francs are required to purchase goods

1 Swedish krona = $0.1526. Based on the information given above, how many Swiss francs are required to purchase goods costing $5,000 U.S.

  Determine december closing entries

Determine its December 31 closing entries. The ledger of Mai Company includes the accounts with normal balances as of December 31.

  Compute how does accounting help decision makers

Compute how does accounting help decision makers? by providing snapshots of a company's performance. / by using the past to change the future

  What is the present value of the same annuity due

If the present value of an ordinary, 7-year annuity is $6,500 and interest rates are 7.5 percent, what's the present value of the same annuity due

  Evaluate of dividend per share, net dividend per share

Evaluate of Dividend per share, Net Dividend per share and Retention Ratio. If each preferred shareholder pays an income tax of 33.33% on their dividend income, what will be their net dividend earning? What is the retention ratio?

  Bonds pay annual interest january

Lock Corporation issued $1,800,000 face value, 5%, 10- year bonds at $1,667,518. This price resulted in an effective-interest rate of 6% on the bonds. Lock uses the effective-interest method to amortize bond premium or discount. The bonds pay annual ..

  Plagiarism is considered to be fraud

A forensic audit is generally a sampling activity. The smoking gun to convict Al Capone was a cash receipts journal with Capone's name on it. A forensic accountant does not search public records. Plagiarism is considered to be fraud.

  Developments and changes in financial reporting environment

ACC514 - Financial Accounting. Prepare a 2 page newsletter that identifies and summarises developments and changes in the financial reporting environment for the quarter from 1 May to 31 July 2016

  Prepare a master budget for each of the first three months

Near the end of 2013, the management of Dimsdale Sports Co., a merchandising company. Prepare a master budget for each of the first three months of 2014.

  How many years will it take for the fund to grow

What amount of interest will be earned on an investment of $10,500 left on deposit by Marcy for three years at 9% interest compounded annually?

  Calculate the current total market value of the company

Debt: $20,500,000 paying 9.5% coupon bonds outstanding with 15 years to maturity, Calculate the current total market value of the company

  What is the amount of each monthly repayment

You wish to lend $25,000 over 5 years to purchase. The interest rate on loan is 12% per annum, compounded monthly. What is the amount of each monthly repayment?

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