Design a proposal for appropriate controls

Assignment Help Accounting Basics
Reference no: EM1364696

1. Design a proposal for the appropriate controls to cover accounts receivable.

2. The proposal must be based on the Apollo Shoes case. Your reading of the Apollo Shoes case should include board minutes and auditor messages and notes.

3. Be sure to obtain an understanding of (1) existing controls and (2) whether the controls are sufficient (not weak). Your proposal should include relevant controls (not generic) and a brief explanation of why you are recommending such controls.

4. APA guidelines must be followed.

5. Attached below is the Apollo Shoe Case to use.

Reference no: EM1364696

Questions Cloud

Summary of asset treatment in business : Write a summary of asset treatment in a business. Examine the aspects of acquisition, depreciation, revising periodic depreciation, expenditures during useful life, and the three different means of disposal.
Identify people to interview to learn new training activity : Draft a project scope statement for the TIMS system and describe the constraints. She said be specific. Need to identify the people want to interview to learn more about the new training activity, and prepare a list of the questions I will ask.
Internal or external strategies for growing a firm : What factors must a firm take into account when evaluating whether to use internal or external strategies for growing a firm? What are the most important factors that should be considered? What are the least important?
Boiled frog and strategic management : The "boiled frog" phenomenon is a business term of significance to business in general and to strategic management in particular. Based on research, describe how this phenomenon applies to business and particularly to strategic management?
Design a proposal for appropriate controls : Design a proposal for the appropriate controls to cover accounts receivable. The proposal must be based on the Apollo Shoes case. Your reading of the Apollo Shoes case should include board minutes and auditor messages and notes.
Federal income tax liability for pace : Pace Corporation had a taxable income of $300,000 in 2010. They had a taxable income of $1,200,000 in 2011. What is their federal income tax liability for the company for each year?
Network ids diagram of lan depiting two new network : Subnet a class C network into subnets using 2 of the resulting new Network IDs Diagram a woring LAN depiting the two newnetworks.
Elements of emotional intelligence : One of the five elements of emotional intelligence is self-awareness. What behaviors would someone with strong self-awareness demonstrate within the context of leading and managing groups? Provide an example.
Show internal factor evaluation matrix for mcdonalds : Prepare an IFE Matrix for McDonalds. Summarize your observations, including strategic implications as a result of the IFE and Financial Ratio analysis.

Reviews

Write a Review

Accounting Basics Questions & Answers

  Different entry strategies

Provide the circumstances under which each company chose its strategy. Provide information on how the two companies chosen strategies have affected performance and contributed to success or failure.

  Projected ending retained earning balance

Hutch Corporation finished their fiscal year ending March 31, 2010, with $88,000 of net income. They issued dividends of $22,000 at year end. At the end of the year on March 31, 2010, they had a net loss of ($46,000) and did not distribute any div..

  Agi and deduction

Alan, who is a security officer, is shot while on the job. As a result, Alan suffers from a leg injury and must spend most of his time in a wheelchair until his recovery. Alan's physician recommends that he install a whirlpool bath in his home for..

  Details regarding journal entries

On November 19, 2007, Albatross Corporation purchased 30,000 shares of ABC Corporation stock for $480,000, and 10,000 shares of Milken Corporation stock for $250,000. In Microsoft Excel format, please prepare a journal with Albatross's entries for ..

  Determine the net income

MBA 640 Exam 1,  Spring 1, 2014,  Determine the net income for the month of December and for the month of June.

  Accounting problems

Three years ago a piece of machine was purchased for $10,000. Assuming an eight-year life and straight-line depreciation, financial statements for the third year will show:

  Accounting roles-business organization

What is the difference between a role-based and principle-based system? Discuss Global Reporting initiatives, its purposes, the standard setting process and the use of its reporting system.

  Journal entry of purchase of long-term bonds

Karr Company purchased bonds with a face amount of $400,000 between interest payment dates. Karr purchased the bonds at 102, paid brokerage costs of $6,000, and paid accrued interest for three months of $10,000.

  Expenditure cycles

For the expenditure cycle at Hewlett-Packard or any other company, what's your suggestion for the following recommendations to have good internal control of the purchase order processing?

  Current taxable on gifts

Total 2008 gift of life insurance policy is 72,000. annual exclusions are 24,000 (two donees at 12,00). Current taxable gifts equal 48,000.

  Calculating and displaying loan in balance sheet

Show the loan in the balance sheet of the company

  What technique of accounting should web-browser use

What technique of accounting should Web-Browser use to account for its investment in Internet Access at 31 st December, 1998, and June 30, 1999 (i.e., cost or equity method)?

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