ACC 557 Week 4 DQ 1 Accounting Methods

Analyze the risks to merchandising that a business may experience and how they might be minimized. Determine if automation of accounting has had a positive or negative impact on business, in general, and how you arrived at that conclusion.

Create a corporate policy designed to minimize inventory shrinkage related to theft, stocking errors, shipping errors, etc., indicating how the policy will be enforced and procedures that may need to be implemented

Accounting Methods

Answer 1:

Accounting risk is directly related to the financial statements of the organization. Hence, at the time of business, the merchandising could face the risk related to the currency exchange rate fluctuations. This risk is generally facing by merchandising, when...