Apollo Shoes: Controls for Outflows
Not what you're looking for?
Design a proposal for appropriate internal controls to cover purchasing, cash disbursements based on the Apollo Shoes case.
Purchase this Solution
Solution Summary
In this solution, I help the student design a sample proposal for appropriate internal controls to cover purchasing and cash disbursements based on the Apollo Shoes case.
Solution Preview
Here is the direction that I would go in, for internal controls over purchasing:
The separation of duties for purchasing should be clear. All purchases that exceed a minimum should require authorization of three people. A main issue with companies this large is that large purchases can go unnoticed, which are ordered for employee personal use, to sell outside of the company, and for various other fraud schemes.
All new vendors should be verified against a master computer file (easily verifiable on the Internet) ...
Purchase this Solution
Free BrainMass Quizzes
Income Streams
In our ever changing world, developing secondary income streams is becoming more important. This quiz provides a brief overview of income sources.
Situational Leadership
This quiz will help you better understand Situational Leadership and its theories.
Production and cost theory
Understanding production and cost phenomena will permit firms to make wise decisions concerning output volume.
Cost Concepts: Analyzing Costs in Managerial Accounting
This quiz gives students the opportunity to assess their knowledge of cost concepts used in managerial accounting such as opportunity costs, marginal costs, relevant costs and the benefits and relationships that derive from them.
IPOs
This Quiz is compiled of questions that pertain to IPOs (Initial Public Offerings)