FIN 324 Week 2 DQS

In this file of FIN 324 Week 2 Discussion Questions you will find the next answers:

1. Discuss the importance of ethics and internal control programs. Is there a difference between cash and income? Is one more important than the other? In terms of ethics and control, describe at least two effective control techniques. Is there a difference between cash and income? Example of how cash flow and net income work together: Is one more important than the other one?
2. Is there a difference between cash and income? Is one more important than the other? Describe in detail. Is there a difference between cash and income? Is one more important than the other? Describe in detail. Discuss the importance of ethics and internal control programs. Discuss the importance of ethics and internal control programs. Discuss the two different financial statements. Describe their purpose, layout, and relationship to another financial statement. Discuss the importance of separation of duties where it relates to the accounting function.
3. Describe the relationship between debt and equity on balance sheet and financing activities on cash flow statement. What is the benefit of cross functional training where it relates to the accounting function? Describe the relationship between cash on balance sheet and the ending balance of cash flow statement. Discuss the importance of separation of duties where it relates to the accounting function.
4. What is the benefit of cross functional training where it relates to the accounting function? What is the benefit of cross functional training where it relates to the accounting function?

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