Essential Thinking Alissa Baron MGT/350 June five, 2011 Sonya Ryals Essential Thinking Important thinking may be the art of thinking about thinking while considering…...Read
Assessment Questions: 2 - 3 and 3-6
Discussion Problems: 2-4 and 3-8
Assessment 2-3: Sales skimming strategies leave a victims company books in balance mainly because an employee will make a sale or a service to a buyer, collect the payment on the point of sale, but actually will make not any record of the transaction. The employee will then pocket or purse the money received instead of turning it over to the employer.
In order to prevent this scheme from occurring again later on without having to work with another employee, the owner would have the rental checks sent to a lender lock field where the investigations will be secured rather then to the manager himself.
Review 3-6: The first technique used to hide larceny happening at level of sale is thefts from other registers. It involves simply currently taking from another person's register. The next method is fatality by a 1, 000 cuts. Death by a thousands of cuts can be stealing currency in really small amounts above an extended period of time. The third method is reversing deals. This is made by reversing orders such as bogus voids or refunds. This will cause the register mp3 to reconcile to the amount of cash on hand after the theft. The fourth method used to conceal larceny at level of deal is transforming cash counts or check out tapes. This is done by modifying the cash is important from the register to match the overall receipts reflected on the signup tape, or perhaps instead of altering cash is important, manually altering the sign-up tapes. The past method which is used to hide larceny at point of sale is to destroy the register heurt. By not being able to make the funds and the tape balance, the best thing to do is destroy the register recording to prevent others from obtaining the disproportion.
Newfund's management and accounting controls contributed to the detection of Gurado's scam scheme by performing big surprise audits a couple of times a year. This scared Gurado and lead him to confess because he was not able to pay back...