What principles of internal control apply to most business enterprises?
Question:
What principles of internal control apply to most business enterprises?
Fantastic news! We've Found the answer you've been seeking!
Step by Step Answer:
Answer rating: 54% (11 reviews)
The principles of internal control are a ...View the full answer
Answered By
Ali Khawaja
my expertise are as follows: financial accounting : - journal entries - financial statements including balance sheet, profit & loss account, cash flow statement & statement of changes in equity -consolidated statement of financial position. -ratio analysis -depreciation methods -accounting concepts -understanding and application of all international financial reporting standards (ifrs) -international accounting standards (ias) -etc business analysis : -business strategy -strategic choices -business processes -e-business -e-marketing -project management -finance -hrm financial management : -project appraisal -capital budgeting -net present value (npv) -internal rate of return (irr) -net present value(npv) -payback period -strategic position -strategic choices -information technology -project management -finance -human resource management auditing: -internal audit -external audit -substantive procedures -analytic procedures -designing and assessment of internal controls -developing the flow charts & data flow diagrams -audit reports -engagement letter -materiality economics: -micro -macro -game theory -econometric -mathematical application in economics -empirical macroeconomics -international trade -international political economy -monetary theory and policy -public economics ,business law, and all regarding commerce
4.00+
1+ Reviews
10+ Question Solved
Related Book For
Financial Accounting Tools for Business Decision Making
ISBN: 978-0470239803
5th Edition
Authors: Jerry J. Weygandt, Paul D. Kimmel, Donald E. Kieso
Question Posted:
Students also viewed these Cost Accounting questions
-
What principles of internal control apply to most organizations?
-
What principles of internal control apply to most businesses?
-
Multiple Choice Questions 1. The principles of internal control include: A) Establish responsibilities. B) Maintain minimal records. C) Use only computerized systems. D) Bond all employees. E)...
-
Discuss three quotes from the YouTube video (put time stamps after you type the quote) and explain why chose this quote. https://youtu.be/h86MGjGAtYk?si=_1hMyOefl0L3E4ox Example: Radio is "still...
-
The partnership agreement of Jones, King, and Lane provides for the annual allocation of the business's profit or loss in the following sequence: Jones, the managing partner, receives a bonus equal...
-
a. Is it correct to say that businesses with inventories must use the accrual method? b. What other restrictions apply to taxpayers who are choosing an overall tax accounting method? c. Why is the...
-
Use Graph \(L\) to find a Hamilton path between each pair of vertices or indicate that there isn't one. 1. \(p\) to \(r\) 2. \(m\) to \(p\) 3. o oto \(q\) Graph L S
-
In many situations, a seller of an item entertains bids from a number of buyers but allows one buyer to obtain the good by matching the highest competing offer. Consider the owner of a house who must...
-
Please assist with the following: (1 point) Consider the function f(x, y) = exp[9(x2 + '22)]. On a piece of paper, find and sketch the largest possible domain of the function. Then choose the shape...
-
At December 31, Year 1, the accounting records of Braun Corporation contain the following items: Accounts Payable $ 18,000 Accounts Receivable $ 44,000 Land $ 244,000 Cash ? Capital Stock ? Equipment...
-
On December 1, 2010, Gonzalez Company had the account balances shown below. The following transactions occurred during December. Dec. 3 Purchased 4,000 units on account at a cost of $0.75 per unit. 5...
-
Gloria Modine is reviewing the principle of segregation of duties. What are the two common applications of this principle?
-
Use Eulers method with n = 2 on the interval 0 t 1 to approximate the solution f (t) to y = t 2 y, y(0) = -2. In particular, estimate f (1).
-
1. How has the frequency and severity of recessions changed since WWII? 2. What influence did Keynesian Theory have on fiscal policy following WWII? What are the strengths and weaknesses of Keynesian...
-
At Uber case study Evaluate Uber's practice of using behavioral science to manage its drivers in terms of the four ethical norms of utility, rights, justice & caring. Based on your evaluation, are...
-
Prior to the effect of the tax credits, Justin's regular income tax liability is $200,000, and his tentative minimum tax is $195,000. Justin reports the following credits. Child tax credit Adoption...
-
10 2 points ook References On January 1, 2021, Ameen Company purchased major pieces of manufacturing equipment for a total of $62 million. Ameen uses straight-line depreciation for financial...
-
Consolidated Magnets, Inc. has 3 plants. Each plant produces identical magnets but uses only different manufacturing processes. Each plant sells to different customers, selling its prices....
-
Figure P12.49 shows a piping system with frictional losses of \(h_{\mathrm{L} 1-2}=4.0 Q^{2}\), with \(h_{\mathrm{L} 1-2}\) in \(\mathrm{ft}\) and \(Q\) in \(\mathrm{gal} / \mathrm{min}\). The...
-
For the following exercises, write the polynomial function that models the given situation. Consider the same rectangle of the preceding problem. Squares of 2x by 2x units are cut out of each corner....
-
How does doping silicon with phosphorus change its conducting properties?
-
Your roommate asks your help on the following questions about CVP analysis formulas. (a) How can the mathematical equation for break-even sales show both sales units and sales dollars? (b) How do the...
-
Your roommate asks your help on the following questions about CVP analysis formulas. (a) How can the mathematical equation for break-even sales show both sales units and sales dollars? (b) How do the...
-
Your roommate asks your help on the following questions about CVP analysis formulas. (a) How can the mathematical equation for break-even sales show both sales units and sales dollars? (b) How do the...
-
Standard Costing at Ford Motor Company Ford Motor Company is assessing its labor costs. Values: Item Standard Rate Actual Amount Labor Cost (per hour) $35 $38 Hours Worked 10,000 12,000 Requirements:...
-
Requlred Information Requlred Informatlon [ The following information applies to the questions displayed below. ] Refer to the following transactions. a . Sold 4 , 7 0 0 previously unissued shares of...
-
Explain two ( 2 ) ways the external auditors role in corporate governance structure is further solidified with the Companies Act 2 0 1 6 . Provide the answer to score 1 0 marks
Study smarter with the SolutionInn App