Briefly describe the procedures your organization has on cas Internal Control and Cash 1. Briefly describe the procedures your organization has on cash control. If you have no experience in such procedures what procedures do you believe is necessary in order to safeguard cash? 2. How much impact does Sarbanes-Oxley Act (SOX) of 2002 have on your work, your company? You can explain the before and after SOX environment. Ch. 8 – Reporting & Analyzing Receivables 3. Discuss your company’s credit sales terms (i.e. what are they). If you are put into a position to make changes to your existing credit sales terms what would you be changing and why? 4. 4. What impact do you think the over- or under-accrual of bad debt allowance amount will have on a company under the current business environment of corporate malfeasance? Will that create more opportunity for “managing” the bottom line of a company?
