Final Exam Account 2 Essay Example

Grade Details 1. Question:
A firm's internal control environment is not influenced by ________. Your Answer:
| |[pic]|management's operating style | | |
| | | | | |
| |[pic]|organizational structure | | |
| | | | | |
| |[pic]|personnel policies | | |
| | | | | |
| |[pic]|monitoring policies | | CORRECT |
| | | | | |

Points Received: 4 of 4 Comments:
2. Question:
Procedures designed to protect cash from theft and misuse from the time it is received until it can be deposited in a bank are called ________. Your Answer:
| |[pic]|accounting controls | | |
| | | | | |
| |[pic]|cash controls | | |
| | | | | |
| |[pic]|preventive controls | | CORRECT |
| | | | | |
| |[pic]|detective controls | | |
| | | | | |

Points Received: 4 of 4 Comments:
3. Question:
There are three parties to a check. The drawer is ________. Your Answer:
| |[pic]|a written document signed by the depositor | | |
| | | | | |
| |[pic]|is the one who signs the check ordering payment by the bank