Usually an Employer Conducts the Reality Check as Part of a Performance

question 53

Multiple Choice

Usually an employer conducts the reality check as part of a performance appraisal or as the _____ stage of performance management.

• A) self-assessment
• B) action planning
• C) goal setting
• D) data gathering
• E) feedback

Comprehend the corrections and adjustments made during bank reconciliation.

Appreciate the importance of petty cash funds in cash management.

Understand the concept and treatment of cash equivalents in financial statements.

Explain the implications of Sarbanes-Oxley Act on internal controls and financial reporting.