Question
Apply to a Scenario: Imagine that you are the new department manager of a corporation within your chosen field; you discover that your predecessor has
Apply to a Scenario: Imagine that you are the new department manager of a corporation within your chosen field; you discover that your predecessor has been using the cash basis of accounting , which has resulted in many errors and misinformation . what measures would you take to remediate the issue? Propose a high-level plan to implement a proper accounting system for your department using specific principles discussed in the course ( accounting 101) . for example which financial statements would you investigate first? what sort of internal controls would you Implement?
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