Jim Boree, owner of Boree’s Bushings and Things has enlisted your
help as his business manager to educate the rest of his employees on
internal controls within the company. However, before you can do so, you
must first educate them on what internal controls are.
Your initial post must share where have you seen internal control
measures in your personal or professional life, and which of the five
aspects of internal control they relate to: control environment, risk
assessment, control activities, information and communication, and
For your second post, create a short memo addressed to Jim
Boree’s staff listing and describing the five main aspects of internal
control. Address why internal control systems exist. What are their
primary functions? Submit your answer in the discussion forum as a new
post must be 90 words or more
The Cash Flow Statement
- Complete the missing areas of the Statement of Cash Flows for the period ending December 31, 20##.