Explain the applications of internal control principles to cash receipts.
Explain how you would use this information to create a road map for development of a career development program for the company.
August 5, 2017Explain, analyse and motivate key economic principles, accounting concepts, business metrics and statistical techniques relevant to contemporary challenges in Fashion Business.
August 5, 2017Only questions 1 & 3 need at least 150 words. All the other questions should be around 75-100 words.
The Fraud Triangle
1) In 150 words; What is the fraud triangle? Identify the factors and explain what each means. Provide an example of the fraud triangle in employee fraud involving cash.
2) What are some ways employees commit fraud with expense reimbursement?
Internal Control
3) In at least 150 words: Who is responsible for establishing internal controls in the organization? What are some examples of effective internal controls? How might a company determine if the internal controls are effective?
4) Explain the applications of internal control principles to cash receipts.
5) Give some examples of controls over cash?
6) What are some examples of controls over inventory?
7) Identify the primary elements of a cash budget.
8) Discuss the basic principles of cash management.
