1. Describe how you believe an efficient and effective payroll system should be organized. Include...
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Accounting
1. Describe how you believe an efficient and effective payroll system should be organized. Include details on:
a)What types of payroll documentation should be prepared at the restaurant locations?
b)How will the necessary information for payroll flow between restaurants and the home office?
c)How could IT systems be used in the payroll processes?
2. How to prevent the occurrence of a ghost employee at one of its restaurant locations?
3. From a cost-benefit perspective, what risks factors exist in payroll processes that make it worthwhile to implement thorough internal controls? Describe the related internal control that could help detect or prevent each risk.
4. Describe how you believe an efficient and effective system of fixed assets accounting should be organized . Be sure to include the following issues in your response:
a)How should the fixed assets accounting department maintain control over fixed assets in the various restaurant locations?
b)How should IT systems be used in the fixed assets process?
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