Question

What can be some of the internal controls that have to do with Financing Cycle for Hershey company (5-6 of them)? just list them.

Financing cycle - A company issues debt instruments to lenders, followed by a series of interest payments and repayments of the debt. Also, a company issues stock to investors, in exchange for periodic dividend payments and other payouts if the entity is dissolved. These clusters of transactions are more diverse than the preceding transaction cycles, but may involve substantially more money.

Answer 1

1. Segregation of Duties

2. Approval and Authorization

3. Reviews

4. Reconcilations