What budgeting benefits have internal control implications?
Question:
What budgeting benefits have internal control implications?
Fantastic news! We've Found the answer you've been seeking!
Step by Step Answer:
Answer rating: 75% (4 reviews)
Budgeting has several benefits that have internal control implications Internal control refers to the policies and procedures put in place by an organization to ensure the accuracy and reliability of ...View the full answer
Answered By
Sigei Kipngeno
I am a professional writer with more than 2 years of writing experience. I will always deliver a grade A paper with zero plagiarism . Thanks in advance.
4.70+
175+ Reviews
311+ Question Solved
Related Book For
Question Posted:
Students also viewed these Business questions
-
Video and Image data With the ubiquity of video and image capture devices, visual data are more prevalent than ever. The use of these data to augment accounting records is quickly becoming a reality...
-
Medical services are expensive. There is no getting around it. The average family health insurance premium in the US is approaching $20,000. By one estimate, average family premiums could rise to 100...
-
Planning is one of the most important management functions in any business. A front office managers first step in planning should involve determine the departments goals. Planning also includes...
-
Assume the premises: S. S-P. P~N, ~R-N. Give a detailed informal proof of: R. Number each step and give an explanation for each. Write all the steps in the proof at once in the Math Editor. (it works...
-
Briones Books is concerned about the profitability of its regular dictionaries. Company managers are considering producing only the top-quality, hand-sewn dictionaries with gold-edged pages. Briones...
-
In the month of November, Halladay Company Inc. wrote checks in the amount of $9,750. In December, checks in the amount of $11,762 were written. In November, $8,800 of these checks were presented to...
-
Select your weakest style and try and identify two different learning activities which fit with this style, but that you would normally avoid. LO8
-
Elon Corporation manufactures parts for an aircraft company. It uses a computerized numerical controlled (CNC) machining center to produce a specific part that has a design (nominal) target of 1.275...
-
2. For the cash flows below, determine the amount in year 1, if the annual worth in years 1 through 9 is $601.17 and the interest rate is 10% per year. Year 1 2 3 4 5 6 7 8 9 Cost, $ A A+30 A+60 A+90...
-
When are physical controls especially important?
-
List two management controls.
-
1. Explain why an oar partially submearged in water appears to be bent. 2. Suppose you are told that only two colors of light (X and Y) are sent through a glass prism and that X is bent more than Y....
-
An eight lane urban freeway (four lanes in each direction) is on rolling terrain and has 11-ft lanes with a 4-ft right-side shoulder. The interchange density is 1.25 per mile. The base free-flow...
-
For the following business events, please indicate the increase (+) or decrease (-) on the following income statement and balance sheet categories. If there is no effect, leave the box blank. If...
-
4. Change the magnet to the original orientation and drag through the coil. a. What happens to the voltage and light bulb as the North Pole moves through the coil? b. What happens to the voltage and...
-
Part 1 of 4 05 points abook Print References Required information Problem 24-2A (Algo) Payback period, accounting rate of return, net present value, and net cash flow calculation LO P1, P2, P3 [The...
-
Keenan Music's CEO has been pondering about the recent proposal of the Specialty Guitar Project. The accountant has done a capital budgeting analysis on the project and outlined the conditions that...
-
The growth of consumer information organizations, legal requirements, and warrant) requirements has caused significant increases in the cost of customer satisfaction. Thus it is no longer useful to...
-
On average there are four traffic accidents in a city during one hour of rush-hour traffic. Use the Poisson distribution to calculate the probability that in one such hour there arc (a) No accidents...
-
You are the auditor of an engineering firm called Thumpit & Hope Ltd. You are planning for a physical inventory count at the company's warehouse on 31 August 201X. The company assembles domestic...
-
As part of verification techniques in respect of revenues an auditor will inspect sales invoices. The auditor will gain assurance about different assertions depending on the information on the...
-
You are auditing Twinkles Ltd which runs a chain of jewellery shops and you are responsible for the audit of inventory. Counting and indentifying the items of jewellery is not a difficulty but...
-
Exercise 26-9 Payback period; net present value; unequal cash flows P1 P3 Gonzalez Co. is considering two new projects with the following net cash flows. The company's required rute of return on...
-
please help Kadex Corporation, a small manufacturing company, did not use the services of independent auditors during the first two years of its existence. Near the end of the third year, Kadex...
-
Computing and Comparing Income and Cash Flow Measures Penno Corporation recorded service revenues of $ 4 8 0 , 0 0 0 in 2 0 2 0 , of which $ 4 0 8 , 0 0 0 were on credit and $ 7 2 , 0 0 0 were for...
Study smarter with the SolutionInn App