Reflect on your life and some controls that exist. Provide a mix of financial (such as a
Fantastic news! We've Found the answer you've been seeking!
Question:
Reflect on your life and some controls that exist. Provide a mix of financial (such as a password on your internet banking account) and non-financial (like the car/brakes example above). Provide an example for each type of control, both financial and non-financial (8 total):
- Preventive
- Detective
- Manual
- Automated
Expert Answer:
Answer rating: 100% (QA)
The aim of preventive controls is to decrease the chance of errors and fraud before they occur and o... View the full answer
Posted Date:
Students also viewed these accounting questions
-
A full-service car wash has an automated exterior conveyor car wash system that does the initial cleaning in a few minutes .However, once the car is through the system, car wash workers hand clean...
-
A process control engineer has decided to install an automated shower control system in a bathroom of hr mansion. The design calls for a system that can deliver 3 gpm of water at 110F by mixing hot...
-
The Nung Dental Clinic provides both preventive and orthodontic dental services. The two owners, Chris Thao and Kim Long, operate the clinic as two separate investment centers: Preventive Services...
-
(a) Employing the intercept technique, determine the average grain size for the steel specimen whose microstructure is shown in Figure (a); use at least seven straight-line segments. (b) Estimate the...
-
What is the economic justification for the rapid growth of premium package services?
-
Your company has purchased equipment for $50,000 that will reduce materials and labor costs by $14,000/year for N years. After N years, there will be no further need for the machine, and because it...
-
Complete the priority checklist in Exhibit 10.2. What do your responses to the checklist tell you about your career choices? Personal Life Family Life goals Personal wealth Career Goals Ambition...
-
A review of the ledger of Roach Company at December 31, 2012, produces the following data pertaining to the preparation of annual adjusting entries.1. Prepaid Insurance $10,440. The company has...
-
SSX Ltd has 5 million shares of common stock outstanding, 2 million shares of preferred stock outstanding, and 100,000 bonds (face value $1,000). The common shares are selling for $25 per share, the...
-
A convenience store is considering changing its layout to encourage impulse buying. The triangular flow matrix below gives the measure of association between different product groups ( e. g., beer,...
-
Tariffs are an instrument of trade policy, However, it seems that reaching an agreement that essentially cuts tariff has also required to deal with many more chapters than just merchandise trade Take...
-
5) f(x)=(x1*x2, x2*x3) of thing is df/dx?) What is the value of df/dx at the point (0,5,10). (What kind
-
What is the benefit of dividing an asset-backed security into tranches?
-
A company leases a machine at an annual payment of $8,500 for 6 years. an interest rate of 5% is assumed and the lease qualifies as a finance lease. The present value of the lease payments is...
-
Explain the distinction between a stock's price and its intrinsic value?
-
Explain the ego personality and personality development through psychoanalytic-social personality theories and how it may affect a individual personality.?
-
02:11 < Back Assignment 2.docx Question 2 (15 marks) - Travelling Salesperson The travelling salesperson problem (TSP) is as follows; "Given a list of cities and the distances between each pair of...
-
What can scientists learn by comparing the fossilized skeletons of extinct primates with the bones of modern species?
-
An entitys functional currency is: A. The currency of its parents country. B. The currency of its own country. C. The currency in which the financial statements are presented. D. The currency of the...
-
The variety of possible methods of foreign currency translation, and the different ways of treating gains arising, show that adequate harmonization for international comparison purposes is a long way...
-
Entity X based in one country (currency $) bought goods from Entity Y in another country (currency :) for :300,000 on 1 May 20X1. The spot rate on that date was $1 = :1. As at 31 December 20X1, the...
Study smarter with the SolutionInn App