ACC 220 WEEK 3 DQ 1 AND DQ 2
When reviewing a financial report, why must information be reliable, relevant, consistent, and comparable? Why are these accounting characteristics important? What kinds of problems might result if a financial report is not reliable, relevant, consistent, or comparable?
How does information from financial reports influence business decisions? Why is it important for business managers to understand the information found on financial reports?
ACC 220 WEEK 3 CHECKPOINT CLASSIFIED BALANCE SHEETS
CheckPoint: Classified Balance Sheets
Write a 200- to 300-word response explaining what information would be found in each of the following groupings on a classified balance sheet and how that data might indicate the future success or failure of a business:
Property, plant, and equipment
ACC 220 WEEK 4 ASSIGNMENT INTERNAL CASH CONTROL
Assignment: Internal Cash Control
Write a 700- to 1,000-word paper that addresses which internal controls are not being followed in these listed situations:
The accounting department receives from sales invoices once a month. Most of the information is missing on the invoices.
Rob, Sue, and Bob use the same cash register at the donut shop.
Sam does the ordering of materials at the beginning of every month and pays the bill.
Bank reconciliations are done by the