For this week’s assignment, begin by reviewing the Brief Cases found in the Weekly Resources and Assignments.
Assume the following facts:
The company invoices customers for sales with an expected thirty-day collection period.
The invoice is used to post-sales to the accounting system.
Checks are received in the mailroom and logged into a deposits journal.
The deposit is prepared and taken to the bank.
The deposit slip is used as an original document to record cash in the accounting system.
A copy of the deposits journal from the mailroom is used to credit customers for their payments.
Assume that there are three general ledger accounts: cash, accounts receivable, and revenue.
Instructions: The company’s owner reached out to you last month and requested a paid consultation regarding a plan to prevent and deter suspected theft. Given the facts above, present a preferred plan of action. Include brief explanations of at least 2 concepts that might apply to the scenario.
After you explain the plan to the owner, he presents you with an alternative that would include hiring one mailroom/office employee, one accounting clerk, and one accounting supervisor (assume no controller, no internal audit, and an annual review and tax compliance—not an annual audit). Redesign an approach to create a robust skimming prevention environment.
Include a graphic to depict these activities and their impact on the general ledger accounts. Include the necessary personnel and at least ten fraud prevention and deterrence tools and techniques to PREVENT a skimming scheme, assuming no collusion or management override. Post the personnel and those tools and techniques on the graphic.
Length: 12-15 pages, the graphic component for this assignment should fit on 1 page, fit within margins, and have appropriate APA style caption. Use Times New Roman 10-12 point font. Limit the use of color to 3 light shades.
References: Include a minimum of 10 scholarly resources.
Papers are written from scratch We have molded our writers to develop content for all assignments from scratch. This way, we promote originality and reduce cases of plagiarism that might affect your grades and hinder you from realizing your academic goals. We encourage our clients to indicate the deliverables that should be featured in the final paper. Our online help services allow one to make a clarification and even interact with the writer directly to help them understand the needs of the assignment. Many of our writers are professional tutors who understand the approaches that should be used to fulfill the specified instructions. Every time a client places an order on our system, we link them with the most qualified writer in the subject of interest.
YUnlike other writing companies, we encourage clients to draw back their money at any stage of the writing process if they experience any uncertainties with the quality of generated content. However, you will hardly have to make this decision because of our business approach that suits your needs.
We have an advanced plagiarism-detection system that flags any work that fails to meet the required academic expectations. Our company thrives in honesty, and as such, you will be guaranteed to achieve a paper that meets your expectations.
We encourage our clients to return papers for revision seven days after the last submission for free. Depending on the proposed changes, we will work on your article to achieve the desired expectations.
We uphold confidentiality and privacy through our interactions with clients, an aspect that has enhanced our relationship with prospective customers seeking for assignment help. We do not disclose your information with third-parties
We boast of a diverse pool of ENL and ESL professionals who respond with a personal touch to the needs of every client. Our focus is to become the best platform that offers specialized services to individuals to accomplish their academic goals.
