ACC 225: Week Eight Solution

ACC 225

Axia College of University of Phoenix (UoP)

Financial Accounting

Larson, K. D., Wild, J. J., & Chiappetta B. (2005). Fundamental accounting principles (17th ed.)

ACC 225 Week 8 Solution

CheckPoint: Internal Control and Bank Reconciliations
• Resource: Fundamental Accounting Principles, pp. 335 and 336
• Due Date: Day 4 [Individual] forum
• Complete Quick Study question QS 8-6 on p. 335, and Exercises 8-3 and 8-4 on p. 336.
• Post your answers as an attachment.
Click here for the SOLUTION


Assignment: Internal Control and Bank Reconciliations
• Resource: Fundamental Accounting Principles, pp. 338 and 339
• Due Date: Day 7 [Individual] forum
• Complete Problems 8-1A, 8-3A, and 8-4A (including the Analysis Component) on pp.
338-339. When responding to the cases in 8-1A, be sure to think critically about each
case. Identify the principles of internal control that has been violated, and give an
explanation of why you think that principle has been violated. Identify the consequences
of the actions described in the cases. Make a recommendation for what the business
should do to ensure adherence to principles of internal control.
• Use the spreadsheet in Appendix B available on aXcess to complete Problem 8-4A. Be
sure to use the tabs labeled SP08-04A and Given P08-04A
• Post your answers as an attachment.
Click here for the SOLUTION