Reflect on what you have learned in the past several units and compose your journal response on the following questions:
- Do you think the same person who receives cash payments should also prepare the bank reconciliation? Give at least one reason to support your answer.
- Identify a company, business, or organization in your community (it can be one for which you work), and share some examples of current and long-term liabilities for that company. Reflect on the financial statement presentation requirements for the company’s current and long-term liabilities. Based on what you have learned, what changes would you make, if any? Why, or why not?
Your journal must be a minimum of 3 well-constructed paragraphs and use APA format for citations you may include.
