the supervisor tells you to change the aging category of a large account from over 120 days to current status and prepare a new invoice to the customer with the revised date and that agrees with the new category this will change the required allowance of uncollectible accounts from $180,000 to $135,000. Identify the key internal and external stakeholders. what are the negative impacts that can happen if you do not follow the instructions of the supervisor?

Q: Your small business client, Phillip’s Computer Repair Shop, is experiencing financial difficulties…

A:

Q: A dollar collected at the time of service has the same value as one collected two months after the…

A: As you have asked multiple questions, we will solve the first question as per the policy presented…

Q: The following description represents the policies and procedures for agent expense reimbursements at…

A: Interior control is a significant piece of each association. It helps in keeping up the…

Q: You are a trainee accountant in your second year of training within a small practice. A more senior…

A: The Professional behavior at work place plays a very important role. It is a form of etiquette at…

Q: Your first major assignment after your recent promotion at Ice Nine involves overseeing the…

A: Account Receivables: The amount of money owing to a company for products or services provided or…

Q: You are working as a summer intern at a rapidly growing organic food distributor. Part of your…

A: Purchase discounts: The sellers offer a reduction in purchase price on initial purchases, to…

Q: You and your spouse have separate charge accounts at a local department store. When you tried to use…

A:

Q: You manage the Accounts Receivable Department of a merchandising business. Your billing clerk sent a…

A: The symbolism 2/10 means that if a consumer settles his bill within 10 days of its issuance, he will…

Q: Mr. Roy, newly appointed as 'Head-Service quality' of TS Ltd., has been asked to address the…

A: Pareto analysis was used in making decision making where the rule was called as 80/20 rule.

Q: Assume that you are a cashier and your manager requires that you immediately enter each sale when it…

A: Ethical Moral:-It is the situation of "Ethical Dilemma", which the cashier has to face, as he has to…

Q: This is your first month working as a bookkeeper and you notice a discrepancy when trying to…

A: How would you handle this situation.  Answer: This is an ethical dilemma that involves a conflict of…

Q: While in the process of posting from the journal to the ledger a company failed to post a $500…

A: Accounts Receivable is a Current Asset which means it always have Debit Balance. The most important…

Q: procedures for expenses and its related payable. In testing the completeness/cut-off assertion, what…

A: cut off procedures and procedures which are applied at the end of accounting period this is done…

Q: Tom gave his daughter, Nicole, permission to access his business account online but not his…

A: Answer:-  Online banking meaning:- Online banking, often known as internet banking, refers to online…

Q: In the confirmation of accounts receivable for the Reliable ServiceCompany, 85 positive and no…

A: Given are some information about confirmation of accounts receivables.

Q: e the manager of the Accounts Receivable Department for a merchandising business. Your billing clerk…

A: The denotation of 2/10 refers that if a customer pays his bill within 10 days of the issuance of the…

Q: Ethical Considerations. In the process of closing thecompany books, you encounter a problematic…

A: Ethics implies the arrangement of rules that the association ought to follow. While in business,…

Q: ou are a trainee accountant in your second year of training within a small practice. A more senior…

A: ANSWER : Integrity : It's about being honest and upholding the moral and the uprightness , when it…

Q: You are the manager of accounting for a company that sells computer software packages. You have just…

A: A memo to communicate this information to all employees is as follows:

Q: Robin Alper, a manager of the credit collections department for ACME Building Supplies, is extremely…

A: System design: It can be defined as the process of designing various elements of a specified system…

Q: Prepare Cookie Creations’ bank reconciliation for June 30. Prepare any necessary adjusting entries…

A: BANK RECONCILLATION AS PER BANK         Unadjusted balance as per Bank on June 30…

Q: Jacqueline Mensah, manager of Expert Building Company, is a valued and trusted employee. She has…

A: The following scenarios are been evaluated for Expert Building Company following customer complaints…

Q: lton John, a friend of yours, overheard a discussion at work about changes his employer wants to…

A: Accounts uncollectible are receivables, advances, or different obligations or debts that have…

Q: What would you do, and how would you document your decision?

A: Given case is: Credit memos are created when a product is returned. Credit memos reduce A/R…

Q: if your supervisor tells you to change the aging category of a large account from over 120 days to…

A: Allowance for uncollectible accounts is provision created for future losses as the company expect…

Q: Can you help me prepare a corrected four-column proof of cash as of April 30, 20x0. (b) Please…

A: Bank reconciliation statement means matching and checking the balances as per bank and cash book and…

Q: . Which of the following inefficiencies in a bank’s operations results from variability?a. Employees…

A: Banking operations used to involve the procedures as well as practices, which the bank used to…

Q: You are a trainee accountant in your second year of training within a small practice. A more senior…

A: Honestly we can say It is unethical to take work, if a person doubt about his competence to…

Q: i) A young graduate has just been employed as the Receivable Officer, responsible for billing of…

A: Accountant jobs require a high level of precision as well as prudence. They work in a conscientious…

Q: Why is it important for a business to have good internal controls where payroll is concerned? What…

A: Please find the answer to the above questions below:

Q: You are a trainee accountant in an audit firm. A more senior trainee has been on sick leave, and you…

A: The work trainee accountant is being asked to perform is beyond the usual ability of a trainee at…

Q: c. Assuming you have checked this account and have detected that client did not record an expense…

A: given that, the client did not record an expense transaction of $60,000 for the accrued salary…

Q: Susan Small, CPA has Medium Corporation as an audit client. Medium has asked Small to create and…

A: Auditing refers to the evaluation of a companys' books of accounts and financial statements by the…

Q: You are working as a summer intern at a rapidly growing orgainc food distribution. Part of your…

A: Every company's motive will be to increase the profitability of the company. The profitability of…

Q: "The current month's bank statement for your account arrives in the mail.  In reviewing the…

A: Answer: Case: "The current month's bank statement for your account arrives in the mail.  In…

Q: (e) Estimate the cost of additional investment in account receivable and inventory associated with…

A: Solution:- e) Calculation of the Estimate the cost of additional investment in account receivable…

Q: bts being written off on the individual customer account but not included in the nominal ledger. You…

A: Ethics:

Q: City Health Limited has installed a new payroll module to its existing accounting system which…

A: Payroll software is an application used to manage, optimize, organize, and automate the employees’…

Q: Your first major assignment after your recent promotion at Ice Nine involves overseeing the…

A: Since we only answer up to 3 sub-parts, we’ll answer the first 3. Please resubmit the question and…

Q: Assume that you are a cashier and your manager requires that you immediately enter each sale when it…

A: Two courses of action that you might consider are: 1) Follow the manager's instructions & as and…

Q: The following control procedures are used in Parker Company for over-the-counter cash receipts.…

A:

Q: Cyber Systems’ management has been actively pursuing clients who fail to pay invoices when they fall…

A: Step 1 The relevant Accounting Principle for recording bad debts are the Matching Principle, Revenue…

Q: Please read the following and identify any internal control principles that may be violated in the…

A: Internal controls are the rules framed by a company to ensure the smooth running of the business, to…

Q: he following description represents the policies and procedures for agent expense re- imbursements…

A: The various strengths and weaknesses in the reimbursement procedure are given below:

Q: The vice president of finance asks the accounts payable (AP) clerk to write a check in the name of…

A: The internal control system consists of all those set of regulations, rules and procedures which the…

Q: Assume that you are a cashier and your manager requires that you, as cashier, immediately enter each…

A: Two courses of action that you might consider are: 1) Follow the manager's instructions & as and…

Q: This is your first month working as a bookkeeper and you notice a discrepancy when trying to…

A: It's challenging since there's apprehension about relying on the accounting manager. You can look at…

Q: if your supervisor tells you to change the aging category of a large account from over 120 days to…

A: The income statement shows the financial performance of the company in an accounting year. It shows…

Bookkeeping

Bookkeeping is the process of recording the financial transactions of a company on a regular basis. With the process of bookkeeping, companies can track important financial information that helps management in making crucial decisions.