Internal control objectives for financial reporting


Please answer the given questions writing in around 250 to 350 words to each questions

Question 1. What are the three internal control objectives for financial reporting?

Question 2. Describe the basic principles of cash management. Have you had any good or bad experience with companies' cash management?

Question 3. What is the main distinction between perpetual and periodic inventory systems? Which type of system provides better internal control over inventory? Explain why.

Question 4. What type of information does managerial accounting provide?

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Accounting Basics: Internal control objectives for financial reporting
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