Reference no: EM131232406
What is the control environment? How does the control environment affect a company's internal controls? What are the negative and positive elements of a control environment? What are two examples of strong and weak internal controls in organizations where you have worked or have first-hand knowledge?
How would you describe the key internal controls that should be in place to protect cash in a cash rich environment such as a merchandiser?
One thing that is associated with an organization's internal controls over cash is bank reconciliation. Bank reconciliation is necessary because the balance per bank and balance seldom agree. The lack of agreement may be the result of time lags and errors.
To obtain maximum benefit from a bank reconciliation, the reconciliation should be prepared by an employee who has no other responsibilities pertaining to cash (the company's authorized check signers and record keepers cannot perform the bank reconciliation)
In reconciling the bank statement, it is customary to reconcile the balance per books and balance per bank to their adjusted cash balances. The reconciliation schedule consists of the two sections.
The steps in preparing a bank reconciliation are:
1. Determine deposits in transit.
2. Determine outstanding checks.
3. Note any errors discovered.
4. Trace bank memoranda to the records.
Discuss the ways in which enlightenment ideas shaped
: Discuss the ways in which Enlightenment ideas shaped the political, economic, or social institutions of the United States. Identify the Enlightenment individuals who contributed to 1 specific way in which the United States was shaped.
|
Mean wear-out time of sixty hours with standard deviation
: A product has a mean wear-out time of sixty hours with a standard deviation of five hours. What service life would have a .9772 probability of failure?
|
Comparison of the cultural dimensions between us and egypt
: Write a paper that compares and contrasts the cultures from the table. Use three additional sources (not including the GLOBE resources) to support your analysis of the two cultures. Comparison of the Cultural Dimensions between the U.S. and Egypt
|
Kirkpatrick four levels of evaluation
: Look at Kirkpatrick's four levels of evaluation and justify why you would use all these levels even though your boss was interested only in the last one (results).
|
How would you describe the key internal controls
: How would you describe the key internal controls that should be in place to protect cash in a cash rich environment such as a merchandiser
|
Lectures and the content information
: Using information, you have been given in the lectures and the content information you have attained from discussions with your peers, you have the required data to produce a guiding document. You will need to critically think about options, viabl..
|
Standard deviation of the sampling distribution of fractions
: Using samples of 191 credit card statements. Determine the fraction defective in sample 4. What is your estimate of the standard deviation of the sampling distribution of fractions defective for samples of this size?
|
Write a report discussing security vulnerabilities
: Write a report discussing security vulnerabilities that can lead to the loss of confidentiality, integrity, availability, authenticity, or accountability using leading network security terms found in Comptia Security+.
|
Discuss the economic implications of tourism
: 1. Discuss the economic implications of tourism on a country's economy. What are the possible negative effects? Your essay responses should be at least 200 words in length.
|