ACC-400-final-exam-questions.docx

Feb 3rd, 2012
Studypool Tutor
Price: $15 USD

Tutor description

ACC-400-final-exam-questions.docx ACC-400-final-exam-questions.docx ACC-400-final-exam-questions.docxACC-400-final-exam-questions.docxACC-400-final-exam-questions.docxACC-400-final-exam-questions.docx

Word Count: 1360
Showing Page: 1/5
Final ExamACC400Please submit your answer to each of the following questions in an Excel spreadsheet numbered 1 through 40.1.A traditional definition of internal control specifically includes all of the following features excepta.adherence to prescribed managerial policies.b.promotion of operational efficiency.c.reliability of accounting data.d.insistence that employees not take earned vacations.2.A consequence of separation of duties is thata.theft by employees becomes impossible.b.operations become extremely inefficient because of constant training of employees.c.more employees will need to be bonded.d.theft is still possible when several employees are involved.3.A very small company would have the most difficulty in implementing which of the following internal control activities?a.Separation of dutiesb.Limited access to assetsc.Periodic independent verificationd.Sound personnel procedures4.The principle of establishing responsibility does not includea.one person being responsible for one task.b.authorization of transactions.c.independent internal verification.d.approval of transactions.5.The control principle related to not having the same person authorize and pay for goods is known asa.establishment of responsibility.b.independent internal verification.c.separation of duties.d.rotation of duties.6.Two individuals at a retail store work the same cash register. You eva

Review from student

Studypool Student
" This tutor is great! "
Ask your homework questions. Receive quality answers!

Type your question here (or upload an image)

1821 tutors are online

Brown University





1271 Tutors

California Institute of Technology




2131 Tutors

Carnegie Mellon University




982 Tutors

Columbia University





1256 Tutors

Dartmouth University





2113 Tutors

Emory University





2279 Tutors

Harvard University





599 Tutors

Massachusetts Institute of Technology



2319 Tutors

New York University





1645 Tutors

Notre Dam University





1911 Tutors

Oklahoma University





2122 Tutors

Pennsylvania State University





932 Tutors

Princeton University





1211 Tutors

Stanford University





983 Tutors

University of California





1282 Tutors

Oxford University





123 Tutors

Yale University





2325 Tutors