Homework Chapter 7

Homework Chapter 7 - Corporate Financial Accounting...

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Corporate Financial Accounting (Acct101) February 25, 2009 Ex 10 There does not seem to be any checks and balances there at Jackpot Burger’s or any monitoring system. The following are fraud prevention ideas: Use of accounting books to record the amount of supplies used in a given day and compare to the net income. Install security cameras. Provide uniforms with no pockets Have a promotion where if the customer does not receive a receipt, he gets his meal free. This forces the cashier to place transaction in cash register. Create a process flow where the cook places the order in the register and the drive through operator collects the money. Ex 14 1. Prepare voucher, support voucher with PO and receiving report. 2. Submit voucher for approval from manager. 3. Voucher is recorded in accounts and filed by the due date. Upon payment, the voucher is recorded in the same manner as the payment of an account payable. 4.
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This note was uploaded on 02/20/2010 for the course CARD CARD405 taught by Professor Smith during the Spring '10 term at DeVry Addison.

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Homework Chapter 7 - Corporate Financial Accounting...

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