A day care center, church, non profit organization are some examples of potentially small organizations. It would be great if your project could some how help out the small organization. Each team is responsible for presenting a flow chart to the class. It is expected that you will create a typed summary analysis of the flow chart to be handed out to the class. The summary of the flow chart should outline in a simplied manner the internal controls emphasized in the flow chart and the process of the flow of the work.
Emphasis needs to be placed on the internal controls.
There will be a mid term and final exam. The exams will consist of essay questions and multiple choice questions from past CPA exams and other sources. Study groups can be a very effective way to help each other out and gain a deeper level of understanding. Study groups are great for reviewing homework problems and working on projects. Of course, study groups are not to work together for quizzes or exams.