Explain the types of unethical behavior that may occur in the fixed assets area.
Answer to relevant QuestionsExplain the process of approval of purchases for fixed assets. How does this process differ from that of purchasing raw materials?Flozner Company is a small manufacturing firm with 60 employees with seven departments.Required:Describe any improvements you would suggest to strengthen the payroll internal controls at Flozner.Fixed assets are purchased and retired frequently. Given this frequent change, why are clear accounting records of fixed assets necessary? Differentiate between a bill of materials and an operations list. Why is it important to separate the functions of inventory control and the production stations?
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