excelsior Acc221 module 4 discussion

| September 29, 2018

Upon completion of this discussion, you will be able to:· Understand which internal controls are appropriate and effective within an organization.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.Apply liquidity ratios in short-term financial decision making.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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