Q1 Prior to beginning work on this discussion forum, read Chapter 6 in the course textbook, Using Financial Accounting Information: The Alternative to Debi
Q1 Prior to beginning work on this discussion forum, read Chapter 6 in the course textbook, Using Financial Accounting Information: The Alternative to Debits and Credits.
After reading Chapter 6 in the textbook, address the following:
Discuss how can management control cash. Your discussion should include what tools management may use to control cash.
Using the same company and annual financial statements that you chose for your Week 1 – Discussion Forum, Reading and Using the Annual Report Case Study, disclose the company’s cash balance, and discuss if you believe the company has too much or too little cash. Be sure to support your opinions with supporting facts.
Discuss management’s responsibility to establish overall basic internal controls. Provide a real-life example from a work situation where you saw basic internal controls in place.