Error Correction Template: 2023 Business Finance

2023 After your analysis address the following questions in the Error Correction Template Identify


After your analysis, address the following questions in the Error Correction Template:

  1. Identify which accounts are in error, and how they are related to each other.
  2. Discuss the likely causes of the errors (omission, duplication, incorrect transaction date, etc.).
  3. Looking forward, what tools will you use and actions will you  take to ensure these errors don’t continue to be an issue in the company  records?
  4. Draft a brief response to Margaret sharing your findings and  plan for how you will correct the errors in the computerized accounting  software. Be specific in your findings and recommendations for  correction. Include suggestions for how these types of errors can be  avoided in the future.

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