Accounting- Internal Control

400 WORDS- Word Document

• You are the head of an investigative team and your supervisor has asked you to put together a presentation for the next training session for new team members. Your focus is on the financial statements of a corporation.

• What kind of information would be found on the financial statements.
• Explain how the users of these statements ( i.e., investors, creditors, or government agencies) could use the information to help make better informed decisions.
• How would you determine if any fraudulent or illegal activity has taken place?

• Describe the language, concepts and use of financial accounts and reports.
• Identify and use the sources of accounting data and information.
• Identify the users of financial accounting information and the types of decisions made by users.
• Analyze and interpret a set of financial statements.