11 Aug Week 7 – Cash, Fraud & Internal ControlsPlease select and di
Week 7 – Cash, Fraud & Internal ControlsPlease select and discuss one of the following issues:Define internal control and identify its purpose and principles.Define cash and cash equivalents and explain how to report them.Explain the days’ sales uncollected ratio and how is it used to assess liquidity.Describe internal control to cash receipts and disbursements.Explain how to record petty cash fund transactions.Your initial post must be in your own words and be supported with a reference. Post at least two peer responses further discussing and exploring the materials covered this week. Adhere to Forum Grading Requirements as detailed below.Forum InstructionsStudents must post a main response to the weekly discussion question by Day 3,
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