HAdams_Wk9Written2_030611

HAdams_Wk9Written2_030611 - Week 09 Written Assignment 2 -...

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Week 09 Written Assignment 2 - Control Procedures Internal control procedures are required for all transaction cycles within an accounting cycle. This week you are addressing the control procedures that would be the most effective in the general ledger and reporting system. Complete "Problem 14.1" at the end of chapter 14. You are asked to address multiple scenarios and indicate the most effective manner for resolving an issue. Problem 14.1 – Which control procedure would be most effective in addressing the following problems? a. When entering a journal entry to record the issuance of new debt, the treasurer inadvertently transposes two digits in the debit amount. a. In order to address this problem, zero-balance checks should be done to ensure that total debits equal total credits in a journal entry. b. When entering a journal entry to record the issuance of new debt, the treasurer inadvertently transposes two digits in the account code. a.
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HAdams_Wk9Written2_030611 - Week 09 Written Assignment 2 -...

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