Internal Control and Bank Reconciliations Athena Jackson ACC/225 November 10‚ 2013 Scott Flynn Problem 8-1A 1. The principle of internal control violation is separation of duties. The person that records the incoming cash receipts should not be the same person that is posting the customer payments to their accounts. My recommendation to the business would be that they have one person recording the incoming cash receipts‚ and they should assign another employee to take
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engine components and remanufacturing services for other companies. Financial Products— Consists primarily of Caterpillar Financial Services Corporation (Cat Financial)‚ Caterpillar Insurance Holdings Inc. (Cat Insurance) and their respective subsidiaries. Cat Financial provides a wide range of financing alternatives to customers and dealers for
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Supplies for Cash Purchase Supplies Via Payables Misc. Pay Rent Exercise Deliverables Deliverables are consolidated into one answer sheet at the end of this exercise. For this exercise you will need the following deliverables. In the System: Journal Entries On Paper: Document numbers for each step. Answers to the Questions You may be assigned additional deliverables. Be sure to check with your instructor! Page 2 of 17 For
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Liz Claiborne clothing company had a vision of growth and expansion of new clothing labels‚ and had achieved these goals very quickly. In 2006 the company had expanded to 36 different brands and saw revenues climb 2.5x to 5 billion dollars. While the company as whole showed great signs‚ their profits had not consistently grown with their expansion do to an increase in operational costs. Weary of her company’s fate‚ Liz Claiborne hired a new CEO‚ William McComb‚ to reorganize and take control of
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16 GENERAL LEDGER AND REPORTING SYSTEM SUGGESTED ANSWERS TO DISCUSSION QUESTIONS 16.1 Although XBRL facilitates the electronic exchange of financial information‚ some external users do not think it goes far enough. They would like access to the entire general ledger‚ not just to XBRL-tagged financial reports that summarize general ledger accounts. Should companies provide external users with such access? Why or why not? No‚ companies should not provide access to their general ledger. Providing
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My most special moment Football‚ one of the best sports anyone can play‚ where two teams of eleven men show how they are better than the other. This was categorically not the case at one of the best football matches I have ever been to‚ Legends Vs Dream Team which was played at Wembley in 2008. This match was played for charity‚ for the people who suffer from cancer around the world. The Legends team were the retired football players who were the best during their football careers. The Dream Team
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The company that I chose to use as the basis for this assignment was Mattel‚ Inc. and Subsidiaries. They have their most recent financial statements available right on their website. This paper will analyze the disclosures related to cash and cash equivalents‚ receivables‚ and inventory. It will also identify the components of cash and cash equivalents. Cash and Cash EquivalentsThe balance sheet lists a balance for cash and equivalents at $997‚734 (in thousands). The disclosure for cash and equivalents
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Readymade Speeches‚ Expressions and Letters for the Students Compère (anchoring)___________________________________________________________________ Compère (anchor) plays a vital role in making an event successful. An anchor of the event canradiate energy by being lively‚ by using the right tone and modulation‚ by using impressiveexpressions‚ by using the right body language‚ by dressing sensibly etc. Here are some tips given forthe anchors: Tips for the Anchors: 1.Some Anchors tend to give importance
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COURSE OUTLINE FOR BSS 1 COURSE INSTRUCTOR: MAHA E DARAKSHAN 1- COMMUNICATION Types of communication Elements of Communication The communication process 2- COMMUNICATION SETTINGS Interpersonal Communication Machine Assisted Interpersonal Communication Mass Communication 3- Mass Communication Difference between Communication and Mass Communication Defining Mass Media ‚ Media Vehicle Traditional Mass Media Organizations The Internet and Mass Communication The Future of Mass
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Individual research assignment Introduction The international company which called Buildco Ltd establishes a new company in Australia which is a wholly owned subsidiary of Buildco. The purpose of incorporating the subsidiary is to solve the problem of sourcing debt finance in the international marketplace. However‚ the property development project which is undertaken by Buildco and funded by Asset Pty Ltd is financially unviable. Consequently‚ the Buildco expects that the Asset could write-off
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