What principles of internal control apply to organizations

Assignment Help Accounting Basics
Reference no: EM131732684

Question - Angie Rizzoli operates a small business and uses a manual system of accounting. Transactions are entered in the general journal and posted to accounts in the general ledger at the end of the month. Although the volume of transactions has increased significantly in the past year, Ms. Rizzoli does not feel that it would be cost-effective to install an electronic accounting system. She hires you as a consultant to make recommendations about how to record transactions more efficiently. Briefly describe the principles that you would consider in making recommendations to Ms. Rizzoli.

What principles of internal control apply to most organizations?

Reference no: EM131732684

Questions Cloud

Journalize the entries required by the reconciliation : Sky Company is unable to reconcile the bank balance at January 31. Sky's reconciliation is as follows. Journalize the entries required by the reconciliation
Is this moral hazard or adverse selection : Is this moral hazard or adverse selection? and Why? Those with health insurance tend to go to the doctor's office more often.
How many stocks have a greater beta : Beta. Which stock has the highest and lowest betas? Go to finance.yahoo.com and locate the Stock Screener. Enter 0 as the maximum value.
What are the benefits and costs to a nation : What are the benefits and costs to a nation that participates in international trade? Do the benefits outweigh the costs or do the costs outweigh the benefits?
What principles of internal control apply to organizations : Angie Rizzoli operates a small business and uses a manual system of accounting. What principles of internal control apply to most organizations
Create and implement staff orientation and training programs : Create and implement staff orientation and training programs. Prepare a strategic objective and explain how it could be facilitated through use of a data wareh.
What is boone cost of equity capital : Calculating the Cost of Equity. Suppose stock in Boone Corporation has a beta of .90. The market risk premium is 7 percent, and the risk-free rate is 8 percent.
Identify the financial ratio : What criteria would you use to determine how much to grant, to whom, and under what conditions - identify the criteria you would use to determine
Concept of monetary neutrality means : In classical macroeconomic theory, the concept of monetary neutrality means that changes in the money supply do not influence real variables.

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