Assignment 1: Memo
National Accounting Academy (NAM) is an accounting firm that fulfills the many outsourcing needs of small company bookkeeping and accounting functions. You have just been hired as a training coordinator at NAM. Your job is to create training manuals for NAM to help employees brush up their accounting skills.
Post your assignment to the Discussion Area by Saturday, November 30, 2013 in a 1-2 page memo (12 pt. font) prepared in a Microsoft Word document. Your job is to explain the following items to the new employees in its own respective paragraph. The memo should be single spaced and explain the following from this weeks chapters:
Identify the basic components of an accounting information system. Describe the nature and the purpose of a subsidiary ledger. Describe fraud and internal control and identify the principles of internal control activities and the applications of internal control principles to cash receipts and cash disbursements. Indicate the control features of a bank account and describe the operation of a petty cash fund. Describe the preparation of a bank reconciliation and explain the reporting of cash. You may use the description in each of these bullet points to start the section. This will help the reader navigate though your memo. The reason for the memo style for this assignment is to prepare you for what can be expected of you in a work situation. Spend time on organizing your thoughts into meaningful sentences. You are not only going to be graded on your knowledge of the material but on the presentation and structure of the memo as well. Remember that each topic should have its own respective paragraph.