MUST BE 6+ SENTENCES PER REVIEW! STAY ON TOPIC BE POSITIVE AND DO NOT COMMENT ON GRAMMAR ERRORS!
1.)ACCOUNTING ( REVIEW )
An example of an internal control that could be implemented to reduce theft in the U.S. retail industry is to hire a certified accountant to manage the accounts of the company. To make sure the accountant or financial team has the correct data you will need to manage inventory carefully. Documentation of all inventory will need to enter and tracked on a regular basis to be able to monitor inventory use accurately. Another example of an internal control that I would think would be quite effective would be to make sure you don’t invest all the duties of one employee. Don’t have one employee doing everything regarding purchasing and inventory. Assign staff to check behind one another with the Supervisor as the final checks and balances point. Knowing your employees also helps.
2.) ACCOUNTING (POST)
Use the Internet to research an annual report of a retail company. Then, imagine you are an investor or creditor and suggest the ratios that you believe would provide an investor or creditor with the most important information needed to make accurate predictions about the company’s financial condition. When analyzing a company, is it more important to compare the ratios to competitors or to the company’s previous history? Provide a rationale for your response. Note: You must provide a link or instructions to the researched report.
Do you agree or disagree that the U.S. should raise the minimum wage? How could this affect different levels of the economy?