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Accounting homework help


What is the role of the accountants in preventing and detecting the theft of cash? What are the accounting implications and threats of using e-cash, and what should be the main concerns when developing an AIS that will handle or interact with e-cash transactions? Do you think that receiving physical cash is associated with more risks than other forms of payments? What can companies do to mitigate the risks associated with handling physical cash? What is the role of the AIS in safeguarding cash payment activities? “Internal control is the “glue” which holds a company’s accounting system together”. Do you agree with the foregoing statement? Please explain your answer using an expenditure transaction. In a theft investigation, does John Doe’s signature on a document mean that John Doe signed it? Do small companies need budgets as much as large companies? How are responsibility centers used to incentivize managers?


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