Explain the necessity of supervision over fixed assets.
Answer to relevant QuestionsThe calculation of gross and net pay can be a complicated process. Explain the items that complicate payroll calculations. Using an Internet search engine, search for the phrase “biometric time clock” (be sure to include the quotation marks). Based on your search results, describe a biometric time recording system and its advantages. The Rampart Company has the following processes related to fixed assets.Required:Describe any improvements you would suggest to strengthen the fixed asset internal controls at Grundoll.Explain the kinds of information that must be maintained in fixed asset records during the asset continuance phase. What are the conversion responsibilities of the maintenance and control, inventory control, inventory stores, and human resources departments?
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