Free

ACCT202 - DVHA - Accounting II - Essay Example

Comments (0) Cite this document
Summary
Observations have been made as well verification of documents and analysis of certain procedures. Apparently, there is lack of control in some areas which highly encourage commitment of fraud. Herewith are my…
Download full paperFile format: .doc, available for editing
GRAB THE BEST PAPER91.4% of users find it useful
ACCT202 - DVHA - Accounting II
Read TextPreview

Extract of sample "ACCT202 - DVHA - Accounting II"

03 December 8, 2009 General Manager Golden Bear Construction Company Sir: I have dutifully conducted a careful auditing of your company. Observations have been made as well verification of documents and analysis of certain procedures. Apparently, there is lack of control in some areas which highly encourage commitment of fraud. Herewith are my findings which should be taken seriously :
1. Based upon my observation, the supervisor has a high degree of authority in many areas such as recruitment, recording of time sheets as well as payroll which should be done by an HR.
Since the supervisor has control of all the process in doing a payroll as well as disbursing paychecks to employees, there is a possibility that untoward incidents such as fraud can happen.
It is recommended then that the management hire additional personnel who can perform HR functions. Supervisors must not handle any monetary or financial concerns. In the existing case, the supervisor can report a bigger payroll (compared to actual ) to the accountant which is a situation we must avoid. Fraud is a serious matter, in fact a criminal offense. However, it is mainly the management’s responsibility to impose policies and set guidelines for its employees. Control features such as daily cash report and periodic audit must be institutionalized so that the company’s financial interest would be protected.
I am very willing to discuss any matter which needs additional clarification. Thank you for trusting my services. Read More
Cite this document
  • APA
  • MLA
  • CHICAGO
(“ACCT202 - DVHA - Accounting II Essay Example | Topics and Well Written Essays - 250 words - 1”, n.d.)
ACCT202 - DVHA - Accounting II Essay Example | Topics and Well Written Essays - 250 words - 1. Retrieved from https://studentshare.org/miscellaneous/1561014-acct202-dvha-accounting-ii
(ACCT202 - DVHA - Accounting II Essay Example | Topics and Well Written Essays - 250 Words - 1)
ACCT202 - DVHA - Accounting II Essay Example | Topics and Well Written Essays - 250 Words - 1. https://studentshare.org/miscellaneous/1561014-acct202-dvha-accounting-ii.
“ACCT202 - DVHA - Accounting II Essay Example | Topics and Well Written Essays - 250 Words - 1”, n.d. https://studentshare.org/miscellaneous/1561014-acct202-dvha-accounting-ii.
  • Cited: 0 times
Comments (0)
Click to create a comment or rate a document

CHECK THESE SAMPLES OF ACCT202 - DVHA - Accounting II

ESL II

...? ESL II Table of Contents Introduction: Teaching methods in an EFL lesson 4 Traditional methods 4 Grammar Translation 4 Direct Method 5 Audio lingual 5 Communicative methods 6 Communicative Approach 6 Total Physical Response 7 Natural method 7 Competency-based Approach 8 Innovative methods 8 Silent Approach 9 Community Language Learning 9 Suggestopedia 10 Most beneficial methods in EFL lesson 10 Recommendations with supporting rationale 11 Conclusion 12 References 13 Introduction: Teaching methods in an EFL lesson The teaching methods for English as a foreign language vary among the teachers depending on nature of their students and their expectations. There is no single way of teaching English as a foreign language to...
10 Pages(2500 words)Essay

Accounting II

...Running Head: ACCOUNTING II Accounting II Accounting II  How do partnerships and corporationsdiffer in accounting processes? Reporting? Financial statements? What are the benefits of each? How would one select one from another? Partnerships v/s Corporations Companies exist under different forms which include partnerships and corporations. A partnership exists when two or more individuals or associates carryout a non-corporate business for profit. Partnerships could be limited liability partnerships or companies where owners have limited liability for business debts and in most cases at least one partner is liable for partnership debts. Examples could include KPMG and Ernst & Young which are LLPs. Corporations on the other hand... are...
8 Pages(2000 words)Essay

Accounting II

...335135 Define emotional intelligence (EQ) in your own words. Emotional Intelligence is the ability to observe one’s personal emotion and behavior and to understand one’s emotion to the extent where one can actually manipulate one’s responses to self and others. 2. Looking at your own work or school environment, how do you feel when you encounter people with high or low EQ? Provide some examples of this behavior. In the presence of an individual with high EQ one feels worthwhile, able to achieve and confident. Apparently, a high EQ individual is able to project confidence to everyone around. Thus, the audience wants to be like the high EQ person and therefore there is an atmosphere of respect and feelings of greatness or ability... Define...
1 Pages(250 words)Article

Accounting II

...After reading the article Planning Ahead by Frederick Shea I further believe in the phrase the is king. In the accounting field professionals prepare themselves in order to gain higher levels of knowledge to meet the complex requirements of the field. Professional certifications such as a Certified Public Accountant (CPA) or Certified Financial Planner (CFP) can help aspiring business workers increase their income and better serve their customers. Over the years the consumer has become a bigger priority due to the global competition. If one company is not able to meet the needs of the consumers, another one will grab those clients. Due to the intense global competition factors other than price have become...
1 Pages(250 words)Essay

ACCT202 - DVHA - Accounting II

...Noel Moitra Administrator, Academia-Research.com 2009-12-07 14:57 How to Put On a Coat There are well over a dozen types of coats, but for thespecific purposes of this Paper, I will describe how a simple single-breasted coat for men is to be put on. I will assume that the individual wanting to don the coat, i.e., you, can afford a coat hanger, on which your coat hangs vertically in your wardrobe. I will also assume that the coat has been freshly pressed, is wrinkle-free, and that you are right-handed. One or two trial runs should be enough to learn how to put on a coat. In a simple coat, the frontal left half overlaps the right, starting from just above the meeting point of the lapels. This means that the buttons... Moitra...
1 Pages(250 words)Essay

Tax Accounting II Case

...of Ethical Standards of Tax Professionals Q2. In your view is the position taken by Mr. Conor tax evasion or tax avoidance? This researcher views the position taken by Mr. Conor as not tax evasion since what he knew was that his tax accountant or CPA was presumed to have known and agreed that he was claiming the cost for artworks as deductible expenses. He should be presumed in good faith if there was any error. The fact that he asked his CPA subsequently about the possible deduction was a proof of that good faith. After inquiry, it was only at that point when the accountant denied having given consent on the prior claim for deduction made. In fact, he did not hide it to Mr. Schneider as his...
2 Pages(500 words)Essay

Assignment II

...three distinct economic scenarios as follows: i. Expansionary, Growth ii. Neutral, Stagnant iii. Contractionary, Recession iv. 2) Securitization Assume that there is a pool of loans that have been securitized. Assume the loans are conventional mortgage loans, either 15 or 30 year maturity. All loans are conforming. Which economic scenario would be comfortable owning a bond backed by the pool? I feel more comfortable with owning a bond categorized under the pool of neutral monetary condition and GDP output that is stagnating. If interest rates go below the coupon rate of the bond, investors may face prepayment risk. If interest rates increase, mortgage loans face high default risks. None of the two risks is better...
2 Pages(500 words)Essay

Throughput Accounting and Optimization Part II

...THROUGHPUT ACCOUNTING AND OPTIMIZATION PART II THROUGHPUT ACCOUNTING AND OPTIMIZATION PART II Response to Ricardo Morales Your post is very insightful. Comparing it to the personal experience of my company however, I would like to provide an alternative to the strategy that you used in your organization. I find that the organization was more focused on employees becoming productive. Because of this, what employees received as wages was directly influenced by how much they contributed to overall income of the company. I believe this is a useful way to ensure that there is effectiveness among the employees (Jacob, Bergland & Cox, 2010). What the company has however not...
1 Pages(250 words)Assignment

Financial vs Managerial Accounting PART II

...FINANCIAL VS MANAGERIAL ACCOUNTING PART II FINANCIAL VS MANAGERIAL ACCOUNTING PART II Response to JOHN PEREZ There are a number of insights that I gained from reading your post. Most importantly, I developed the understanding and need for companies to clearly identify the difference between managerial accounting and financial accounting, as each of these play different roles for the organizations (Zimmerman, 2014). Adding up to your insight however, I would like to emphasize on the need for originations to take all these two forms of accounting very seriously. As you rightly stated, because financial...
1 Pages(250 words)Assignment

Exam II

...Exam II Question E: The significance of Gadsden Purchase In 1854, a Treaty or Gadsden Purchase was signed between Mexico and the United s. The prime purpose of the agreement is that United States has decided and approved to pay 10 million dollars to Mexico for a 29,670 square-mile region. Moreover, the portion of square-mile has become the part of New Mexico and Arizona. The occurrence of conflict between the Mexican-American War was somehow resolved by the application of the Gadsden Purchase. The Treaty attempted to resolve the issue of war between Mexico and America and delivered land essential for a transcontinental railroad in the southern parts. It is true that, the application of this agreement has helped to reduce...
6 Pages(1500 words)Essay
sponsored ads
We use cookies to create the best experience for you. Keep on browsing if you are OK with that, or find out how to manage cookies.

Let us find you another Essay on topic ACCT202 - DVHA - Accounting II for FREE!

Contact Us