1)would it be okay if your ar clerk, who handles receipts, also


 1)Would it be okay if your AR Clerk, who handles receipts, also reconciles the bank statement at the end of the month? Why or why not? 

 This is not okay, what is preferred nor what is ethical. The reason why this is an accounts receivables agent, an accounts payable and a bookkeeper is to allow for more oversight and to give an opportunity for the reconciliation to be looked at by more than one individual’ as to better catch any errors. Furthermore, If the accounts receivables clerk is also the individual reconciling the bank statement at the end of the month. There is a higher propensity for internalfraudulent activity to occur. One such example is called lapping. The most prevalent type of internal fraud scheme is lapping. Lapping of accounts receivable is the recording of payment on a customer’s account sometime after the payment has been received. The basic lapping scheme operates as follows: the employee has misappropriated company funds through customer A’s account, by diverting a cash payment or issuing a refund payable to the employee.In order to conceal the misappropriation, the employee now records payments made by customer B to customer A’s account, payments made by customer C to customer B’s account, and so on. Lastly, If a person has access to both the cash receipt and bank reconciliation functions, it is much easier to commit fraud by altering the amount of incoming receipts, and then pocketing the difference. To avoid this, each function should be handled by different people within the company.  

 2)The company’s environment has two aspects. One is the external environment. Which of the following is not an external environment factor?




d.Tone at the Top 

 3)Name two methods that are commonly used to speed up the collection of receivables. 

 The cash of a business is tied up, amongst other places, in its receivables and this is the easiest place for most businesses to reduce their cash requirements. If you can reduce the average time forcollection of your receivables, this will have a direct impact on the amount that you are borrowingor on cash available for other purposes. Give customers credit ratings and distribute those ratings to the appropriate departments in your company. This includes sales, customer service and data processing. If you revise a customer’s credit rating, adjust every department’s records accordingly. 

Calculate your paper price
Pages (550 words)
Approximate price: -

Why Choose Us

Quality Papers

We value our clients. For this reason, we ensure that each paper is written carefully as per the instructions provided by the client. Our editing team also checks all the papers to ensure that they have been completed as per the expectations.

Professional Academic Writers

Over the years, our Acme Homework has managed to secure the most qualified, reliable and experienced team of writers. The company has also ensured continued training and development of the team members to ensure that it keep up with the rising Academic Trends.

Affordable Prices

Our prices are fairly priced in such a way that ensures affordability. Additionally, you can get a free price quotation by clicking on the "Place Order" button.

On-Time delivery

We pay strict attention on deadlines. For this reason, we ensure that all papers are submitted earlier, even before the deadline indicated by the customer. For this reason, the client can go through the work and review everything.

100% Originality

At Buy An Essay, all papers are plagiarism-free as they are written from scratch. We have taken strict measures to ensure that there is no similarity on all papers and that citations are included as per the standards set.

Customer Support 24/7

Our support team is readily available to provide any guidance/help on our platform at any time of the day/night. Feel free to contact us via the Chat window or support email: support@acmehomework.com.

Try it now!

Calculate the price of your order

We'll send you the first draft for approval by at
Total price:

How it works?

Follow these simple steps to get your paper done

Place your order

Fill in the order form and provide all details of your assignment.

Proceed with the payment

Choose the payment system that suits you most.

Receive the final file

Once your paper is ready, we will email it to you.

Our Services

Buy An Essay has stood as the world’s leading custom essay writing services providers. Once you enter all the details in the order form under the place order button, the rest is up to us.


Essay Writing Services

At Buy An Essay, we prioritize on all aspects that bring about a good grade such as impeccable grammar, proper structure, zero-plagiarism and conformance to guidelines. Our experienced team of writers will help you completed your essays and other assignments.


Admission and Business Papers

Be assured that you’ll definitely get accepted to the Master’s level program at any university once you enter all the details in the order form. We won’t leave you here; we will also help you secure a good position in your aspired workplace by creating an outstanding resume or portfolio once you place an order.


Editing and Proofreading

Our skilled editing and writing team will help you restructure you paper, paraphrase, correct grammar and replace plagiarized sections on your paper just on time. The service is geared toward eliminating any mistakes and rather enhancing better quality.


Technical papers

We have writers in almost all fields including the most technical fields. You don’t have to worry about the complexity of your paper. Simply enter as much details as possible in the place order section.