Film Processing Write not more than one page about the possible areas where internal controls should be

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Film Processing Write not more than one page about the possible areas where internal controls should be instituted in the following business described briefly. Keep in mind the size of the business, and do not suggest controls of a type impossible to set up in a firm of this sort. Make any reasonable assumptions about management duties and policies not expressly described. You have a film-developing service on Long Island, with 10 employees driving their own cars 6 days a week to contact about 40 places each, where film is left to be picked up and developed. Drivers bring film in one day and return the processed film the second or third day later. Stores pay the driver for his charges made on film picked up at their store, less a percentage for their work as an agency. The driver then turns this cash in to the Long Island office, where all film is developed and books are kept. From 6 to 10 employees work at the office in Long Island, depending on the volume of work. You run the office and have one full-time accounting-clerical employee. Route drivers are paid monthly by miles of route covered.

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Introduction To Financial Accounting

ISBN: 0131479725

9th Edition

Authors: Charles T Horngren, John A Elliott

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