Acct 505 Course Project

Providing a self-check-out machine to save the customer’s time. Also, these machines will reduce the expenses that will be paid for the labours.

This control is directly related to the accuracy transaction-related audit objective for sales. The auditor might test the effectiveness of this control by examining a sample of duplicate sales invoices for the clerk’s initials indicating that the unit selling price was verified.

The company maintains a minimum cash balance of at least $50,000 at the end of each month. All borrowing is done at the beginning of a month; any repayments are made at the end of a month.

| Textbook pages 11-12. Assets = $12,000 + $50,000 = $62,000. Cash and inventory are examples.

Facilitates the flow of documents/information to and from the unit, and ensures financial integrity and consistency by controlling, in accordance with policy, purchase and payment authorities, receipt of goods and services, requisitions, reconciliation of accounts and travel accounts.

It gives an assurance that the business information is secured. i.e. users have access to only what they are permitted to use or view

On Friday, 17 July 2015, at approximately 1400 hours, I, Officer Allison Bigham, was contacted by a Parks Services Supervisor, Andrew Jones, in regards to an associate who was reported to have their cell phone on them. Jones stated that Miller had already been told to put the phone in her locker; however, she was being uncooperative. After updating Sergeants Frank Long and Charles Drakeford on the situation, I was instructed to pick up the associate, Victoria Miller, and escort her to the South Carolina Interview Room in order to complete a compliance verification audit. I met with Andrew Jones who stated that he would help me find Miller because Park Services had no way to contact her. Upon entering Boomerang Bay, Jones and I were flagged

| 1) Takes away some level of control of accounting and bookkeeping processes2) Allows vendor access to potentially sensitive financial information

This multi-person double checking system reduces the risk of employees altering records or signing off on cash counts by themselves for self-interest.

The significance of the proposal is to reassess the food service provide within a hospital. Hospitals are changing food service by moving away from the traditional tray line to room service, thus allowing in-patient to chose nutritious meals. The health care industry is more competitive and recognizes patients as customers, which can influence patients’ satisfaction scores during a hospital stay (Kim, Kim & Lee 2010). The objectives for the value-mapping streaming are to strategically remove waste, cut cost, reduce labor, and increase in patient satisfaction scores, while providing nutritious meals.

3. (TCO A) Depreciation of office buildings and office equipment is also known as (Points : 6)

• Allows the auditor to identify unusual transactions or balances as early as possible so that these could be addressed in a timely manner.

Check book system: Acts as an authorization limit and check on indirect expense and making teams responsible for controlling cost. Scrap cost were assigned to work team responsible for the process.

The benefits for administration and faculty will be tracking personal data as well as storing historic work data. The ledger system will allow for UT schools’ faculty’s information to be systematically stored and have information readily available to view. Work history can be easily traced, and faculty looking to transfer to other divisions in their department or other departments can share their work history in order to make their candidacy stand out.

Enables manual/automatic updation of all kinds of transactions such as: Buy, Sell, Systematic Investment Plan, Systematic Withdrawal Plan, Dividends, Rights, Bonus and Splits.