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Elementary,Middle School,High School,College,University,PHD
| Teaching Since: | May 2017 |
| Last Sign in: | 286 Weeks Ago |
| Questions Answered: | 27237 |
| Tutorials Posted: | 27372 |
MCS,MBA(IT), Pursuing PHD
Devry University
Sep-2004 - Aug-2010
Assistant Financial Analyst
NatSteel Holdings Pte Ltd
Aug-2007 - Jul-2017
1. Internal controls are a set of procedures adopted by an organization primarily to check frauds and errors and increase operational efficiency.
Consider the aspects of internal control and respond to the following:
List ten internal controls that an organization should have over the collection of accounts receivable.
2. Liquidity ratios determine an organization's ability to meet its short-term obligations. Some examples of liquidity ratios are current ratio, acid-test ratio, and days' sales in average receivables.
Consider the various liquidity ratios and respond to the following:
Discuss the importance of liquidity ratios in short-term financial decision making.
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