Questions from Survey Accounting

Q: Fraud experts often say that there are three primary factors that contribute

Fraud experts often say that there are three primary factors that contribute to employee fraud. Identify the three factors and explain what is meant by each.

Q: How do these principles apply to cash disbursements? (a

How do these principles apply to cash disbursements? (a) Physical controls. (b) Human resource controls.

Q: What is the essential feature of an electronic funds transfer (EFT

What is the essential feature of an electronic funds transfer (EFT) procedure?

Q: “The use of a bank contributes significantly to good internal control

“The use of a bank contributes significantly to good internal control over cash.” Is this true? Why?

Q: Hank Cook is confused about the lack of agreement between the cash

Hank Cook is confused about the lack of agreement between the cash balance per books and the balance per bank. Explain the causes for the lack of agreement to Hank and give an example of each cause.

Q: Identify the basic principles of cash management.

Identify the basic principles of cash management.

Q: What was Apple’s balance in cash and cash equivalents at September 27

What was Apple’s balance in cash and cash equivalents at September 27, 2014? Did it report any restricted cash? How did Apple define cash equivalents?

Q: Recently, it was announced that two giant French retailers, Carrefour

Recently, it was announced that two giant French retailers, Carrefour SA and Promodes SA, would merge. A headline in the Wall Street Journal blared, “French Retailers Create New Wal-...

Q: What are the three main types of business activity? Give examples

What are the three main types of business activity? Give examples of each activity.

Q: Identify the five components of a good internal control system.

Identify the five components of a good internal control system.