ACC 220 WEEK 5 CHECKPOINT - A NEW COMPANY - effectively the...

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Week 5 CheckPoint: A New Company Due Date: Day 5 [Individual] forum Post a 200- to 300-word response to the following: You have been hired into a new company to oversee the accounting department. What type of financial reports would you expect to see in your department? How will you use the financial
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If I were hired to oversee the accounting department of a company I would expect to see all balance sheets, accounts receivable and payable reports. I want to see all the reports describing all the debits and credits the company has done and the balance sheets that correspond to them. I would want to see reports that depict past and present financial numbers. I also want to see the goals the company has put into place financially. From those sheets I can figure out how
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Unformatted text preview: effectively the company is spending the money it brings in. I can also make sure that the accounting department is incorporating the six principals of internal control into the daily operations of the department. In addition to that I want to incorporate little ways, aside from normal business, the company can increase their profits. The reports I receive will allow me to decide what the business should and should not be able to do. These reports also allow me to help employees eliminate errors and create effictive and reliable reports. To do this I can provide training and coaching sessions to optimize performance. I think that overall the reports would give me a little voice, in the sea of voices, inside the company....
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This note was uploaded on 10/17/2011 for the course ACC 220 220 taught by Professor Aliciahubbard during the Spring '10 term at University of Phoenix.

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ACC 220 WEEK 5 CHECKPOINT - A NEW COMPANY - effectively the...

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