Posted: October 15th, 2022

What internal controls can management put into place to prevent this type of embezzlement?

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Topic 1:
Do some research and find a computerized accounting system that you think would be appropriate for your needs based on your future career. For example, if you plan to open a small accounting firm you may want to look at QuickBooks. Discuss the positive and negative aspects of the system you found versus a manual system of accounting.
Topic 2:
Week 4 Discussion Image
This illustration is known as the “Fraud Tree” and depicts various ways an employee can misappropriate assets. Notice there are three main ways employees can embezzle cash: skimming, larceny, and fraudulent disbursements. Pick one of the boxes under “Cash” and explain how an employee would embezzle money under this scheme. What internal controls can management put into place to prevent this type of embezzlement?
Requirements:
Class discussions and participation are required as part of your learning experience. These discussions are designed to have you participate in the learning process and enhance your understanding of the course material by interacting with the instructor and other students. Using proper business English, post your answers/opinions using at least 1 resource from the KU library (link above) for each topic given and comment on your classmates’ posts. Make sure you have noted your source in proper APA format.
Participation Requirements: The minimum number of posts this week is a total of 3 substantive (4-5 sentences each) posts for the week on 3 different days. Initial posts to each topic given are due no later than Wednesday. You must post to each initial topic and for your 3rd required post, you may post to either topic given.

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