Janet Molly is one most trusted employees. She never complains about her work and rarely misses work due to illness or vacation. The company has been successful over the years, but is now having cash flow problems. Because of the recent downturn in the company, you take a closer look at all the company’s financial records. When you ask Janet about the recent cash flow problems, she responds, ‘I don’t know what is going on. I only do the reporting. Ask those who manage the company.” This behaviour differs from Janet’s normal pleasant deportment. As you continue your investigation, you discover that the reported financial results do not match what the company is doing, but you cant determine why. You decided to investigate Janet further. 1. What are some behaviour and lifestyle changes that you should look for? 2. What resources can you use to conduct your research?

Janet Molly is one most trusted employees. She never complains about her work and rarely misses work due to illness or vacation. The company has been successful over the years, but is now having cash flow problems. Because of the recent downturn in the company, you take a closer look at all the company’s financial records. When you ask Janet about the recent cash flow problems, she responds, ‘I don’t know what is going on. I only do the reporting. Ask those who manage the company.” This behaviour differs from Janet’s normal pleasant deportment. As you continue your investigation, you discover that the reported financial results do not match what the company is doing, but you cant determine why. You decided to investigate Janet further. 1. What are some behaviour and lifestyle changes that you should look for? 2. What resources can you use to conduct your research?

College Accounting (Book Only): A Career Approach

13th Edition

ISBN:9781337280570

Author:Scott, Cathy J.

Publisher:Scott, Cathy J.

Chapter4: Adjusting Entries And The Work Sheet

Section: Chapter Questions

Problem 4A: Your client is preparing financial statements to show the bank. You know that he has incurred a...

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