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The ability to add ghost employees to a company's payroll system is often the result of a breakdown in internal controls. What internal controls prevent an individual from adding fictitious employees to payroll records?
Accounting Basics, Accounting
Question - Prepare bank reconciliation and related entries On October 31, 2017, Lisik Company had a cash balance per books of $8,946. The bank statement on that date showed a balance of $10,155. A comparison of the state ...
Question - This needed to be solved like Direct materials Inventory beginning balance- $184 Direct materials purchased- $640 Direct materials used- $675 Total Manufacturing overhead costs- $788 Variable manufacturing ove ...
Question - Watch the video then discuss the differences between variable and absorption costing. How does variable costing help a company make good management decisions? List some examples of ways in which a business wou ...
Question - On January 1, 2016, Company X had an inventory balance of $200,000. During the year, Company X had net purchases of $1,000,000 and net sales of $900,000. Historically, Company X's gross profit ratio has been 4 ...
Management Accounting Assignment - Assignment Topic - Management Accounting Principles and Effective Planning Tools for Managing Accounts Aim of this assignment - The overall aim of this unit is to introduce the fundamen ...
Question: There are six steps in calculating the current and deferred income tax expense or benefit components of a company's income tax provision. Identify one of the six steps and describe the step in detail, explainin ...
Question - The calculated variable cost per unit of $1.8 High Level of activity is: 1,691 units and $7,147cost. If the low level of activity was 530 units, calculate the fixed cost at the low level of activity?
Question - How susceptible are you to undue influence to alter records of transactions? Do you have the strength of your convictions to stand up to a rich and powerful CEO who orders you to change the records?
Question - The company uses pre-numbered purchase orders. Only the Purchase Manager is able to use and authorize the purchase orders. Once the purchase order has been sent to a supplier, a copy is given to the accounting ...
Question - If someone self employed earns $195,000, what is the total self employment tax liability? What is the self employment tax deduction?
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