Case Study for Accounting
Read Case Study 13-19 West End Boutiques on p. 422 in Core Concepts of Accounting Information Systems.
Write a 175- to 260- word response to both question 1 and 2 following the case study.
Click the Assignment Files tab to submit your assignment.
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According to the West End Boutique case study, physical inventory counts were lower by 6% compared to the inventory book amounts. A low inventory count is a common risk that may have been caused by theft or inventory shrinkage. The action the company takes can prevent its benefits against extortion and overspending. There should be personnel performance evaluation for efficient work, precise and trustworthy functioning accounting and data reports which is achieved by employing skilled, well trained and honest workers. Abiding by the company’s federal law and policy should also be ensured.
(413 words)