1. Think about the
types of inventory systems used
in business. Now select and briefly describe a business you would like to own
or run and choose the best inventory system for that business. State why you
made your choice as you did by stating advantages and disadvantages.
2. Inventory accounting is a good place for
fraudulent behavior. Think about the accounting principles and practices
related to inventory and list one way that fraudulent behavior might take
place. Be very specific. Create one way to reduce the risk of this fraudulent
behavior in the business.
Horngren, C. T., Harrison, W. T., & Oliver,
M. S. (2012). Accounting (9th ed.). Upper Saddle River, NJ: Prentice Hall