ACC 300 Week 4 Discussion 1 and Discussion 2 | Phoenix University
- University of Phoenix / ACC 300
- 11 Sep 2018
- Price: $10
- Other / Other
ACC 300 Week 4 Discussion 1 and Discussion 2 | Phoenix University
Discussion 1
What is the purpose of internal control? Why is internal control important? How might internal controls help or hinder a company’s success?
Discussion 2
What are the possible reasons for a difference between an organization’s accounting records compared with the supplied bank statement? What are examples of an over and understatement of accounting records when comparing the bank statement? Why must an organization adjust its entries if there is no accounting error present? Explain your answer.
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