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This case provides you with an opportunity to gain an understanding of internal control in a practical setting—a restaurant. The case requires you to (1) obtain a restaurant as a client, (2) develop an understanding of the restaurant's processes for recording sales, (3) identify internal control strengths and weaknesses, and (4) explain the importance of each weakness and state how it may be eliminated. In addition, Version A of the case requires you to prepare a flowchart and write an internal control narrative, while Version B requires you to identify tests of controls. Restaurants must follow procedures to ensure that sales are recorded for all food served; otherwise, the food may be given away. Students must arrange to meet with a manager to inquire about the restaurant's internal control procedures in much the same way an auditor must meet with the management of a client.

Attribute sampling is a .tool that librarians may use to estimate characteristics of their collection, such as the portion of books needing repair, the accuracy of the circulation records, or the accuracy of cataloging activities. Because sampling always results in risk that the sample is not an accurate indicator of true conditions, one can establish the risk of an incorrect inference. This article describes the nature of attribute sampling and presents the process a librarian might use to make a defensible inference.

This article reviews the development of income presentation found in the authoritative accounting pronouncements since 1941. During this period, within the historical cost reporting model for presentation of income, emphasis has shifted from the all-inclusive concept of net income and the current operating performance concept to a hybrid approach which substantially incorporates the two concepts.