Accounting Milestone One: Internal Controls

Overview: Internal control is a process designed to provide reasonable assurance of the achievement of objectives relating to operations, reporting, and compliance during an audit of internal controls. Auditors are chiefly concerned with those controls that impact financial statements and cause a risk of material misstatement. 

Prompt: For this first milestone, you will begin creating your audit plan for Robbins Network Services (RNS), the company in the attached project scenario. You will analyze RNS’s business environment, including the standard business transactions performed by the company, business risks, impact of current events, and potential ethical issues, and determine the types of internal control that may be needed. 

Specifically, the following critical elements must be addressed: 

I. In a concise memo, evaluate the internal controls of RNS. A. Describe the major financial business transactions of the company. Include appropriate research to support your answer.  B. Evaluate the highest business risks associated with this company. What makes you believe these specifically are the highest risks? Provide appropriate research or data to support your reasoning.  C. What would you suggest are the appropriate types of internal controls for this industry? Why?  D. Describe ethical issues involved with this company and industry that would have a direct effect on the outcome of a financial audit. How could these issues be addressed?  E. Analyze current events for their impact on this company’s risk and internal control in the future. Include documentation of these current events. 


Guidelines for Submission: The memo should follow these formatting guidelines: approximately 2–3 pages, double spaced, with 12-point Times New Roman font, one-inch margins, and citations in APA style.

Business & Finance

#1Scenario 1: Types of Culture

Considering the four different types of organizational culture described in Management, answer the following questions:

1. Which type of culture most closely describes the culture at your organization (or an organization with which you’re familiar)? 

2. What are the pros and cons of the culture? 

3. What are your recommendations for improving the culture in your organization?

4. What are the specific components of each level of organizational culture? 

5. How do employees at your organization learn about the culture? 

#2 Scenario 2: Organizational Structure

Locate the organizational chart for your company or one for which you would like to work. Compare the chart to the structures defined in the textbook to determine the type of structure your organization most closely resembles. Answer the following questions:

1. What are the advantages and disadvantages of this structure? 

2. How does the structure contribute to helping your organization achieve strategic goals? 

3. What does the chart say about the span of control? 

4. What are your recommendations for improving your organizational structure?

#3 Scenario getting started

Each company is different in how they approach leadership, risk taking, environment and just about everything. It all comes down to what makes up the company’s core foundation. This is where the company’s culture comes into the mix, Company culture is comprised of the following:

· Beliefs about how business ought to be conducted

· Values & business principles of management

· “How we do things around here”

· Official policies

· Traditions

· Approaches to stockholder relationships

· Company politics

· Peer pressures . . . Taboos & political don’ts

· Oft-told stories illustrating company’s values

· Ethical standards

Anyone have any additional traits or characteristics of company culture?

#4 Watch the “Change: More Pain than Gain?” video.

Evaluate in 2 to 3 sentences the performance of the manager in addressing the concerns of his employees. What could he have done differently? Limit your response to 150 to 300 words, demonstrate understanding of and cite the required readings or other credible sources that you apply, and look for opportunities to engage with and learn from others.

#5 As you begin to review this video, consider the following questions for your responses.

 What are the driving forces in the video? What has changed to cause the issue?

#6 any topic in chapter 8 or 9

#7 any topic in chapter 8 or 9

#8 any topic in chapter 8 or 9

Business & Finance homework help

“Six Sigma and Acceptance Sampling” Please respond to the following:

Using the Six Sigma Approach (DMAIC), provide an example situation that utilizes the five-step plan, and determine three to four (3-4) challenges you may encounter using this approach. Provide specific examples to support your rationale.

Remarks:  The response must be detailed and answer the primary question and subpart of the primary question.  Write clearly, concisely, use proper grammar and writing mechanics. You must use APA format and cite (2) references.


Assignment 1: Proposal

Due Week 3 and worth 210 points 

Note: Refer to scenarios and readings from previous weeks in order to complete this assignment. 

Imagine that you just created a new start-up company. You want to compete in the growing industry of drone navigation systems. VectorCal is the only major company in the field. You also want to be a leaner, faster version of a company that you view as being too slow and costly. Note: You may create and / or make all necessary assumptions needed for the completion of this assignment. 

Write a two to three (2-3) page paper in which you:

  1. Describe the new start-up company that you have created. Include in your description the nature of your company, its mission and vision, your company’s product, an analysis of your staff, and your target clientele.
  2. Criticize VectorCal’s forecasting method. Determine the appropriate forecasting approach for your company. Provide a rationale to support the determination.
  3. Suggest the semi-variable, allocated, and indirect costs that you should address in the start-up phase of your company. Provide a rationale to support the response.
  4. Use at least three (3) quality resources in this assignment. Note: Wikipedia and similar Websites do not qualify as quality resources. 

Your assignment must follow these formatting requirements:

  • This course requires use of new Student Writing Standards (SWS). The format is different than other Strayer University courses. Please take a moment to review the SWS documentation for details.
  • Be typed, double spaced, using Times New Roman font (size 12), with one-inch margins on all sides; citations and references must follow SWS or school-specific format. Check with your professor for any additional instructions.
  • Include a cover page containing the title of the assignment, the student’s name, the professor’s name, the course title, and the date. The cover page and the reference page are not included in the required assignment page length. 

The specific course learning outcomes associated with this assignment are:

  • Determine the characteristics of government contracting that affect pricing and what is considered fair and reasonable pricing.
  • Outline the process to forecast the likely price of an acquisition, calculate semi-variable costs, and allocate direct and indirect costs.
  • Use technology and information resources to research issues in cost and price analysis.
  • Write clearly and concisely about cost and price analysis using proper writing mechanics.