DEVRY ACCT 504 Week 3 Case Study 1 Flower Landscaping Corporation DEVRY ACCT 504 Week 5 Case Study 2 Internal Contro | Page 2

you if this is a necessary purchase before authorizing.
On payday, the checks are picked up by the accountant and left in his office for pickup. Before he leaves for the weekend, he will move the checks into a safe in his office.
The President is still quite embarrassed because he had to fire one of his employees
for viewing pornography on a company computer. He later found out this individual
was a convicted felon who served time for molesting children. The company had a
hard time getting the employee to admit it was him because the company does not
assign individual passwords. The President expressed his frustration because both
he and the accountant both interview and approve all of the new hires.
Required:
Based on the above information, prepare a Word document to address the following:
Inform the President of any new internal control requirements if the company
decides to go public. (7 points) Advise the President of what the company is doing
right (they are doing some things well) and also recommend to the President
whether or not they should buy the indelible ink machine. When you advise the
President, please be sure to reference the applicable internal control principle that
applies. (13 points) Advise the President of what the company is doing wrong (they
are definitely doing some things poorly). Please be sure to include the internal
control principle that is being violated along with a recommendation for
improvement. (20 points)
You must prepare a formal report for the partner to distribute to the President so no
abbreviations or short-hand answers. You also must cite your references. At a
minimum, your textbook should be cited.
Below is a grading rubric for this assignment.
Category
Points
Description
Understanding
10
Demonstrate a strong grasp of the problem at hand. Demonstrate understanding of
how the course concepts apply to the problem.
Analysis
30
Apply original thought to solving the business problem. Apply concepts from the
course material correctly toward solving the business problem.
Execution
10
Write your answer clearly and succinctly using strong organization and proper
grammar. Use citations correctly.
Total
50
A quality paper will meet or exceed all of the above requirements.
Best Practices
The following are best practices in preparing this paper.
Cover Page: Include whom you prepared the paper for, who prepared it, and the
date. Table of Contents: List the main ideas and sections of the paper and the pages