ACCOUNTING
ACC 225 Week Eight (Week 8) Version 7
CheckPoint: Internal Control and Bank Reconciliations
Resources: Fundamental Accounting Principles, pp. 335 and 336
Complete Quick Study Exercise 8-1 pp. 335 and Exercise 8-5 and 8-6 on p. 336. Post your answers as an attachment.
Quick Study Exercise 8-1 SOLUTION
Exercise 8-5 SOLUTION
Exercise 8-6 SOLUTION
Individual: Internal Control and Bank Reconciliations
Resources: Fundamental Accounting Principles, pp. 341-343.
Complete Problems 8-1B, 8-3B, and 8-4B (including the Analysis Component) on pp. 341, 342 and 343. When responding to the cases in 8-1B, think critically about each case. Identify the principles of internal control that has been violated and provide an explanation of why you think that principle has been violated. Identify the consequences of the actions described in the cases. Make a recommendation for what the business should do to ensure adherence to principles of internal control.
Use the spreadsheet in Course Materials named Chapter 8-4B. Post your answers as an attachment.
Problems 8-1B SOLUTION
Problems 8-3B SOLUTION
Problems 8-4B SOLUTION
