The principles of internal control do not include: (a) establishment of responsibility. (b) documentation procedures. (c) management
Question:
The principles of internal control do not include:
(a) establishment of responsibility.
(b) documentation procedures.
(c) management responsibility.
(d) independent internal verification.
Fantastic news! We've Found the answer you've been seeking!
Step by Step Answer:
Answer rating: 66% (3 reviews)
Answered By
Asim farooq
I have done MS finance and expertise in the field of Accounting, finance, cost accounting, security analysis and portfolio management and management, MS office is at my fingertips, I want my client to take advantage of my practical knowledge. I have been mentoring my client on a freelancer website from last two years, Currently I am working in Telecom company as a financial analyst and before that working as an accountant with Pepsi for one year. I also join a nonprofit organization as a finance assistant to my job duties are making payment to client after tax calculation, I have started my professional career from teaching I was teaching to a master's level student for two years in the evening.
My Expert Service
Financial accounting, Financial management, Cost accounting, Human resource management, Business communication and report writing. Financial accounting : • Journal entries • Financial statements including balance sheet, Profit & Loss account, Cash flow statement • Adjustment entries • Ratio analysis • Accounting concepts • Single entry accounting • Double entry accounting • Bills of exchange • Bank reconciliation statements Cost accounting : • Budgeting • Job order costing • Process costing • Cost of goods sold Financial management : • Capital budgeting • Net Present Value (NPV) • Internal Rate of Return (IRR) • Payback period • Discounted cash flows • Financial analysis • Capital assets pricing model • Simple interest, Compound interest & annuities
4.40+
65+ Reviews
86+ Question Solved
Related Book For
Financial And Managerial Accounting
ISBN: 9781118004234
1st Edition
Authors: Donald E. Kieso, Paul D. Kimmel, Jerry J. Weygandt
Question Posted:
Students also viewed these Business questions
-
Nora Abbey, eighteen years old, is overjoyed to have received her first paycheck from her first employer, Nightingale Fashions, Inc. The check is in the amount of $542.00, and is drawn on the Bank of...
-
The marginal cost of producing a particular item is $2.50. Suppose a consumer is willing to purchase one item at $10, the second unit of that item is $9, the third unit of that item at $8, and so on....
-
Listed below are seven errors or problems which might occur in the processing of cash transactions. Also shown is a list of internal control principles. Evaluate each possible error and cite a...
-
Calculate the indirect quotations for Euros and Kronor.
-
Margie's Creations manufactures ceramic figurins. In planning for the coming year, the budget committee is considering three different sales targets: 6,000 figurines, 7,100 figurines, and 8,200...
-
Which aspects of you do you love and live?
-
True or false: The best clustering model is the one with the largest value of pseudo-F. Explain.
-
Imperial Carpet has the following unadjusted trial balance as of March 31, 2012. The debit and credit totals are not equal as a result of the following errors:a. The balance of cash was understated...
-
Which of the following statements is FALSE? Select one: a. Fraud investigations should begin in a manner that does not arouse suspicion. b. Initially, investigators should avoid using words like...
-
Physical controls do not include: (a) safes and vaults to store cash. (b) independent bank reconciliations. (c) locked warehouses for inventories. (d) bank safety deposit boxes for important papers.
-
Which of the following was not a result of the Sarbanes-Oxley Act? (a) Companies must file financial statements with the Internal Revenue Service. (b) All publicly traded companies must maintain...
-
Bouchard Inc. uses a periodic inventory system. The following transactions took place during January 2017. The company sold 200 units during this month at $6 per unit. For specific identification...
-
As of June 30, 2012, the bank statement showed an ending balance of \(\$ 13,879.85\). The unadjusted Cash account balance was \(\$ 13,483.75\). The following information is available: 1. Deposit in...
-
An engineering study has developed the following cost data for the production of product A: (1) If the current production level is 1,500 units, what is the incremental cost of producing an additional...
-
On December 1, a group of individuals formed a corporation to establish the Local, a neighborhood weekly newspaper featuring want ads of individuals and advertising of local firms. The free paper...
-
Design an arithmetic circuit with one selection variable S and two n-bit data inputs A and B. The circuit generates the following four arithmetic operations in conjunction with the input carry C in ....
-
For the system you chose for Problems and Exercises 3, complete section 4.0, A-C, Management Issues, of the BPP Report. Why might people sometimes feel that these additional steps in the project plan...
-
Compare and contrast Google Sites (www.google.com/sites) and Microsoft Office Live (www.liveoffice.com). Which site would you use to create your own Web site? Explain your choice.
-
What kind of financial pressures can an LBO cause?
-
The following data were gathered to use in reconciling the bank account of Azalea Company: Balance per bank $25,000 Balance per company records 27,475 Bank service charges 75 Deposit in transit 7,500...
-
The following data were gathered to use in reconciling the bank account of Bradford Company: Balance per bank............... $17,000 Balance per company records.......... 5,765 Bank service...
-
Prepare journal entries for each of the following a. Issued a check to establish a petty cash fund of $800. b. The amount of cash in the petty cash fund is $225. Issued a check to replenish the fund...
-
If John invested $20,000 in a stock paying annual qualifying dividends equal to 4% of his investment, what would the value of his investment be 5 years from now? Assume Johns marginal ordinary tax...
-
help asap please!
-
Please, help asap! I have one day. Feedback will be given. & show some work. [in Excel] For the final project you will need you to create a spreadsheet /proforma of the cash flows from a property....
Study smarter with the SolutionInn App