Students may write a paper on how they would apply the lessons of this course as a controller for an association they presently work for or have worked for in the past. You can't require including every topic we discuss in class. The most important part of the paper is that you perilously analyze how you would apply these concepts in practice. You will be needed to understand the role of the controller. Internal control is an important area. You may also be required to understand the basic internal control principles and procedures and be able to apply them in practice. For example, the main issues for A/R are avoiding uncollected sales and evaluating the proper amount of uncollectible accounts for the financial statements.