Receivables Coursework Example | Topics and Well Written Essays - 250 words

Receivables - Coursework ExampleThis is because the accountants after assessing his books of accounts are at a position to make a decision based on the lolly or losses made in the year and the amounts of the accounts receivables due for the year. Blairs recommendation could be biased and uninformed based on the bonuses of the medium size companies as all managers aims are to maximize on profits.Internal controls are logical measure adopted by an organization used in ensuring that their craft runs effectively to protect the organization from collapsing, such measures includes reviews and procedures. Detective internal controls which are measures taken after an irregularity has occurred, in this case the managers recommendation for accounting are useful for the future decision reservation. Some of the useful detective controls include the performance and quality assurance of the company reviews, reconciliations of the books of accounts to aid the manager in making sound decisions, c onducting audits on the companys books from different years and comparing inventory records with those of the different years. This way the manager is more knowledgeable and not and profit