Needles/Powers 2002e Principles of Financial Accounting- Internet Research Activities

Needles Accounting Resource Center

Principles of Financial Accounting , 2002 Edition
Belverd E. Needles, Jr., DePaul University
Marian Powers, Northwestern University
Susan Crosson, Santa Fe Community College


	Internet Research Activities Chapter 8: Internal Control Instructions: Use the following business periodicals' web sites to locate and write a summary of a business article related to internal control. A linked web site article is summarized below as an example. Business Periodical Web Sites: CNNfn Forbes U.S. News & World Report BusinessWeek MSNBC Commerce Barron's USA Today Money Fortune Time Financial Times Sample Article: "When Good Workers Go Bad" (BusinessWeek–May 29, 2001) U.S. Department of Commerce statistics show that 60% of new businesses fail in their first five years. One-third of those failures, the DOC says, can be traced directly to fraud. Although it is difficult to prevent entirely, employee fraud can be reduced by establishing internal controls; having an in-house employee take calls, book jobs, and do the billing, rather than relying on service technicians to collect the cash; doing reference and background checks on new employees; and monitoring employees' time and your own inventory closely. Let employees know that you keep in touch with your customers, run your own business dealings honorably, create a positive workplace, pay your employees fairly and give employees a safe way to report fraud, one that removes any fear of retribution. Extended Research Activity Use the Financial Search Engines or the General Resources Web Links from this site to locate information about forensic accounting. Prepare a short report that: Defines forensic accounting Explains the difference between forensic accounting and investigative accounting Gives at least three examples of situations that might require forensic accounting Include the article title, author, publisher, and date or a URL address for all sources of information used in the report. Either print out your answers for submission or email them to your instructor.





	ACE Practice Tests

	Chapter Summaries

	Check Figures

	Company Links

	Learning Objectives

	Business Readings

	Internet Research Activities

	Toys'R'Us Annual Report Activities

	Fingraph Financial Reporting and Analysis Cases Using CPAnalyst(r)



	SMARTHINKING

	Web Links