ACC 290 (Principles of Accounting 1) Week 5

ACC 290 (Principles of Accounting 1) Week 5


Week 5



Week 5 DQ1



What is the control environment? How does the control environment affect a company’s internal controls? What are the negative and positive elements of a control environment?  What are two examples of strong and weak internal controls in organizations where you have worked or have first-hand knowledge?



Week 5 DQ2

How would you describe the key internal controls that should be in place to protect cash in a cash rich environment such as a merchandiser?



Week 5 DQ3

What is the Sarbanes-Oxley Act of 2002? Why did it come about?  How have the new rules in the Sarbanes-Oxley Act of 2002 affected the way accounting departments and companies operate? What are some positive outcomes from these changes?



Assignments

ACC 290 Week 5 Learning Team Assignment Financial Reporting Problem, Part 2. (1500+ Words)



ACC 290 Week 5 Week Five Exercises BE5-1, BE5-2, BE6-5, BE6-7, BE7-4, BE7-5, BE7-6 .



ACC 290 Week 5 Learning Team Reflection Summary. (500 Words)



ACC 290 Week 5 Weekly Summary.