essay题 p1-CMA考试辅导

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1、Essay:一Essay1 Background:Afirmhasonlyonesalesperson,who’sinchargeofsettingthecreditterm,billingandcollectingthereturnedparts.Allreturnedpartsarenotenteredintotheaccount,andarerecognizedasotherrevenueswhenthesereturnedpartsaresold. 1.       Identifytheobjective

2、sofinternalcontrol答：1.effectivenessandefficiencyofoperations2.reliabilityoffinancialreporting3.compliancewithapplicablelawsandregulation4.safeguardingofassets2.       Identifyandexplain4Weaknessesininternalcontrolconcerningsegregationofduties答：1.salespersonsho

3、uldn’thavetheauthorityofsettingthecreditterms,wherehecangivethecustomercredittermsdiscretionarily.2.thesalespersonshouldn’tbillandcollectthereturnedparts,whichviolatethesegregationofdutyofauthorityandcustody.3.thesalespersonshouldn’tberesponsibleforaccounting,

4、whichviolatetheprincipleofsegregatingtheauthorityjobandrecordkeepingjob4.thesalespersonshouldn’tberesponsibleforcollectingthereturnedpartsandtheaccountingjob,Becausewhenlessreturnedgoodsrecordedthanactuallyhappened,itisdifficulttodetect3.       Identifyandexpl

5、ainsegregationofduties答：segregationofdutiesinvolvesassigningdifferentemployeestoperformfunctionssuchthatanemployeeactingaloneispreventedfromcommittinganerrororconcealingafraudinthenormalcourseofhisduties.therearefourtypesofresponsibilitiesshouldbesegregated:1.

6、theauthoritytoexecutetransactions.2.recordkeepingofthetransactions3.custodyoftheassetsaffectedbythetransactions.4.periodicreconciliationoftheexistingassetstorecordedamounts.4.       IdentifytheconflictstheaccountantfacedaccordingtotheStandardCodeofEthics.Thepr

7、opercourseofactions.（oneaccountant 发现这些不妥，要怎样反馈给老板）答：Itconflictswiththestandardof“disclosedelaysordeficienciesininformationtimeliness,processing,orinternalcontrols”and“recognizeandcommunicateprofessionallimitationsthatprecluderesponsiblejudgment”Actions:1.sett

8、heinternalcontrolsystem.2.settheinternalauditsystem.3.optimizethecontrolenvironment二如果没记错的话，TotalOH=$80,000,OHisallocatedbaseonDLH.SalesinunitDLHDirectCost/unit-$Sellingprice/unit-