Students will prepare a paper (approximately 8-10 double-spaced pages) on how they would apply the lessons of this course as a controller for an organization they currently work for or have worked for in the past. You will not need to include every topic we discuss in class. The most important part of the paper is that you critically analyze how you would apply these concepts in practice. You will be required to understand the role of the controller. Internal control is an important area. You will also be required to understand the basic internal control principles and procedures and be able to apply them in practice. For ex, the major issues for A/R are avoiding uncollected sales and calculating the proper amount of uncollectible accounts for the financial statements.