This topic contains a solution. Click here to go to the answer
« previous next »

Author Question: List the objectives of internal control and give an example of how each is ... (Read 141 times)

amal

  • Hero Member
  • *****
  • Posts: 572
on: Jul 5, 2018
List the objectives of internal control and give an example of how each is implemented.

Question 2

FIFO is the cost flow method that attaches the costs of the first-in units to the units in ending inventory.
 
  Indicate whether the statement is true or false


Related Topics

Need homework help now?

Ask unlimited questions for free

Ask a Question
Marked as best answer by a Subject Expert

Mollythedog

  • Sr. Member
  • ****
  • Posts: 340
Reply #1 on: Jul 5, 2018
Answer to Question 1

Internal control provides reasonable assurance that
(1) assets are safeguarded and used for business purposes
(2) business information is accurate
(3) employees and managers comply with laws and regulations
Examples are
(1) duties are separated
(2) duties are rotated
(3) reports are submitted to management
There are many other examples that would be correct.

Answer to Question 2

FALSE


amal

  • Member
  • Posts: 572
Reply 2 on: Jul 5, 2018
Wow, this really help

CAPTAINAMERICA

  • Member
  • Posts: 325
Reply 3 on: Yesterday
YES! Correct, THANKS for helping me on my review

« previous next »
 

Did you know?

Alzheimer's disease affects only about 10% of people older than 65 years of age. Most forms of decreased mental function and dementia are caused by disuse (letting the mind get lazy).

Did you know?

Giardia is one of the most common intestinal parasites worldwide, and infects up to 20% of the world population, mostly in poorer countries with inadequate sanitation. Infections are most common in children, though chronic Giardia is more common in adults.

Did you know?

Approximately 15–25% of recognized pregnancies end in miscarriage. However, many miscarriages often occur before a woman even knows she is pregnant.

Did you know?

People with alcoholism are at a much greater risk of malnutrition than are other people and usually exhibit low levels of most vitamins (especially folic acid). This is because alcohol often takes the place of 50% of their daily intake of calories, with little nutritional value contained in it.

Did you know?

The longest a person has survived after a heart transplant is 24 years.

Internal and external attributions Internal and external attributions
Control of blood glucose by pancreatic hormones. Control of blood glucose by pancreatic hormones.
Allosteric control of liver PFK (c) Allosteric control of liver PFK (c)
Hormonal control over male and female reproductive hormones Hormonal control over male and female reproductive hormones
Control of Homeostasis: Positive Feedback Control of Homeostasis: Positive Feedback
People with Huntington disease develop problems with neuromuscular control and gradually lose the us People with Huntington disease develop problems with neuromuscular control and gradually lose the us
Video: Cardiac Cycle (Part 1 of 4)

For a complete list of videos, visit our video library