Homework
The report should address:
1) What areas did I have difficulty with and what areas did I find easy to understand?
2) Was I successful in my time management or did I run out of time to complete my work to a high-quality level?
3) Are there any changes I should make in my approach to the class?
4) Questions remaining after reading discussions related to weekly learning activities.
The Activity
We will continue our exploration of current assets with a focus on cash, accounts receivable, and current liabilities such as accounts payable and payroll liabilities. Protection of assets by use of internal control processes will also be reviewed.
Outcomes
After completing, you should be able to
1) Analyze Fraud in the Accounting Workplace
2) Define and Explain Internal Controls and Their Purpose within an Organization
3) Describe Internal Controls within an Organization
4) Define the Purpose and Use of a Petty Cash Fund, and Prepare Petty Cash Journal Entries
5) Discuss Management Responsibilities for Maintaining Internal Controls within an Organization
6) Define the Purpose of a Bank Reconciliation, and Prepare a Bank Reconciliation and Its Associated Journal Entries
7) Describe Fraud in Financial Statements and Sarbanes-Oxley Act Requirements
8) Explain the Revenue Recognition Principle and How It Relates to Current and Future Sales and Purchase Transactions
9) Account for Uncollectible Accounts Using the Balance Sheet and Income Statement Approaches
10) Determine the Efficiency of Receivables Management Using Financial Ratios
11) Discuss the Role of Accounting for Receivables in Earnings Management
12) Apply Revenue Recognition Principles to Long-Term Projects
13) Explain How Notes Receivable and Accounts Receivable Differ
Format your homework according to the following formatting requirements:
(1) The answer should be typed, double spaced, using Times New Roman font (size 12), with one-inch margins on all sides.
(2) The response also includes a cover page containing the title of the homework, the student's name, the course title, and the date. The cover page is not included in the required page length.
(3) Also include a reference page. The Citations and references should follow APA format. The reference page is not included in the required page length.