Assignment: Long-Lived Assets

1. Based in chapter 9 explain "Tools for Business Decision Making"

Strong and Weak Internal Controls
Post a 150-300-word response to the following discussion Question.

2. What are two examples of strong and weak internal controls in organizations?.

3. Where you have worked or have firsthand knowledge?

How are these different?

Internal Controls and Merchandise Value

Post a 150-300-word response to the following discussion Question.

4. What are the key internal controls that should be in place to protect inventory for a merchandiser that sells highly desirable and very expensive inventory such as jewelry?

5. Would this be different if the business had a less desirable and less expensive inventory? Explain why or why not.

Internal Controls: Personal Assets

Post a 150-300-word response to the following discussion Question.

6. How could you improve internal controls over the assets that you own?

Chapter 9: Rerporting and Analyzing Long-Lived Assets.