Accounting for Business Transactions wwwwwwww Main objectives Propose, evaluate and clearly indicate two courses of action that you might consider and explain why. Give the advantages and disadvantages of each proposal. Maximum length and format • To apply an understanding of internal controls • To an understanding of unethical behavior and how address it • To apply an understanding of controls dealing with segregation of duties and checks and balances • To apply the theoretical knowledge in the syllabus to a case study. Four pages, font Calibri 12 and spacing of 1.5. Assessment criteria • To know the company's financial statements in detail. The following standards will be taken into account when assessing the assignment: • To apply financial analysis techniques. To apply the concept of value creation. Description of the activity and instructions Assume that you are a cashier, and your manager requires that you immediately enter each sale when it occurs. Recently, lunch hour traffic has increased, and the assistant manager asks you to avoid delays by taking customers' cash and making change without entering sales. The assistant manager says she will add up cash and enter sales after lunch. She says that, in this way, customers will be happy to, and the register record will always match the cash amount when the manager arrives at three o'clock. ⚫ The student's capacity for analysis of existing ethical conflicts • The student's ability to clearly convey his/her thoughts after careful evaluation of an organization's issues • Ability for the student to pose different options • The student's capacity for analysis. • The application of acquired concepts. • Ability for abstract thought and synthesis. The advantages to the process proposed by the assistant manager include improved customer service, fewer delays, and less work for you. The disadvantage is that the assistant manager could steal cash by simply recording less sales than the cash received and them pocketing the excess cash. You decide to reject her suggestion without the manager's approval and to confront her on the ethics of her suggestion.

FINANCIAL ACCOUNTING
10th Edition
ISBN:9781259964947
Author:Libby
Publisher:Libby
Chapter1: Financial Statements And Business Decisions
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Accounting for Business Transactions
wwwwwwww
Main objectives
Propose, evaluate and clearly indicate two courses of action that you might
consider and explain why. Give the advantages and disadvantages of each
proposal.
Maximum length and format
• To apply an understanding of internal controls
• To an understanding of unethical behavior and how address it
•
To apply an understanding of controls dealing with segregation of duties and
checks and balances
• To apply the theoretical knowledge in the syllabus to a case study.
Four pages, font Calibri 12 and spacing of 1.5.
Assessment criteria
•
To know the company's financial statements in detail.
The following standards will be taken into account when assessing the assignment:
• To apply financial analysis techniques.
To apply the concept of value creation.
Description of the activity and instructions
Assume that you are a cashier, and your manager requires that you immediately
enter each sale when it occurs. Recently, lunch hour traffic has increased, and the
assistant manager asks you to avoid delays by taking customers' cash and making
change without entering sales. The assistant manager says she will add up cash and
enter sales after lunch. She says that, in this way, customers will be happy to, and
the register record will always match the cash amount when the manager arrives at
three o'clock.
⚫ The student's capacity for analysis of existing ethical conflicts
• The student's ability to clearly convey his/her thoughts after careful evaluation
of an organization's issues
• Ability for the student to pose different options
• The student's capacity for analysis.
• The application of acquired concepts.
• Ability for abstract thought and synthesis.
The advantages to the process proposed by the assistant manager include improved
customer service, fewer delays, and less work for you. The disadvantage is that the
assistant manager could steal cash by simply recording less sales than the cash
received and them pocketing the excess cash. You decide to reject her suggestion
without the manager's approval and to confront her on the ethics of her suggestion.
Transcribed Image Text:Accounting for Business Transactions wwwwwwww Main objectives Propose, evaluate and clearly indicate two courses of action that you might consider and explain why. Give the advantages and disadvantages of each proposal. Maximum length and format • To apply an understanding of internal controls • To an understanding of unethical behavior and how address it • To apply an understanding of controls dealing with segregation of duties and checks and balances • To apply the theoretical knowledge in the syllabus to a case study. Four pages, font Calibri 12 and spacing of 1.5. Assessment criteria • To know the company's financial statements in detail. The following standards will be taken into account when assessing the assignment: • To apply financial analysis techniques. To apply the concept of value creation. Description of the activity and instructions Assume that you are a cashier, and your manager requires that you immediately enter each sale when it occurs. Recently, lunch hour traffic has increased, and the assistant manager asks you to avoid delays by taking customers' cash and making change without entering sales. The assistant manager says she will add up cash and enter sales after lunch. She says that, in this way, customers will be happy to, and the register record will always match the cash amount when the manager arrives at three o'clock. ⚫ The student's capacity for analysis of existing ethical conflicts • The student's ability to clearly convey his/her thoughts after careful evaluation of an organization's issues • Ability for the student to pose different options • The student's capacity for analysis. • The application of acquired concepts. • Ability for abstract thought and synthesis. The advantages to the process proposed by the assistant manager include improved customer service, fewer delays, and less work for you. The disadvantage is that the assistant manager could steal cash by simply recording less sales than the cash received and them pocketing the excess cash. You decide to reject her suggestion without the manager's approval and to confront her on the ethics of her suggestion.
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