75 words principles accounting question

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CevaprOryyn

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Business Finance

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Mel O'Conner owns rental properties in Michigan. Each property has a manager who collects rent, arranges for repairs, and runs advertisements in local newspapers. The property managers transfer cash to O'Conner monthly and prepare their own bank reconciliations. The manager in Lansing has been stealing from the company. To cover the theft, he understates the amount of the outstanding checks on the monthly bank reconciliation. As a result, each monthly bank reconciliation appears to balance. However, the balance sheet reports more cash than O'Conner actually has in the bank. In negotiating the sale of the Lansing property, O'Conner is showing the balance sheet to prospective investors.

Identify two parties other than O'Conner who can be harmed by this theft. In what ways can they be harmed? Discuss the role accounting plays in this situation. What internal controls could be put in place to prevent this type of theft?

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initial post should be at least 300 words

Look at the way DoD acquisition takes place, including who is responsible for DoD acquisition and how certain groups ...

initial post should be at least 300 words

Look at the way DoD acquisition takes place, including who is responsible for DoD acquisition and how certain groups decide which acquisitions will move forward and in what manner. The reality of acquisitions in the DoD is that many different working parts must come together for a program to receive approval and funding to move forward. Choose one of three questions to address. Yes, this means that each of you may be addressing a response to another colleague who talked about a different question that you did. That is what makes this class and any class a real learning experience; and you get to show what you know as well. So, pick one of the three questions from this week to answer: 1. Explain both the military and civilian Acquisition Authority Chain. 2. Describe what role the Undersecretary of Defense for Acquisition, Technology, and Logistics fills. 3. Define the Defense Acquisition Board and the Integrated Product Team. Instructions: Your initial post should be at least 300 words.

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Irac Style with case lawFelicia makes fabulous fried foods that she sells to family and friends. Felicia’s friend, Fergu ...

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