ACC 300 Week 5 Individual Assignment - Textbook Assignments

May 4th, 2015
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ACC 300 Week 5 Individual Assignment - Textbook Assignments

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Running head: WEEK FIVE ASSIGNMENTSWeek Five AssignmentsYOUR NAMEACC/300DATENAME OF PROFESSORAssignments from the ReadingsPrepare responses to the following assignments from the e-text, Fundamentals of Financial Accounting 1st ed., by Phillips, Libby, and Libbya. Chapter 6: Questions 2 and 32. Summarize the primary purposes of an internal control system. The primary purpose of an internal control system pertains to protecting against theft and deceptive financial reporting, and to serve by encouraging effective and efficient operations. This is typically done by notifying company officials regarding potential law and regulation violations. Internal control systems are ultimately implemented to help an organization achieve its mission; however, internal control systems promote effective and efficient operations, quality prod

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