Complete three accounting exercises in which you prepare a bank reconciliation and journal entries and compute asset depreciation using a provided worksheet.

Introduction
All business organizations, whether a large corporation or sole proprietorship, need to maintain internal control over the assets belonging to the business. Managers and owners place a high priority on internal control systems because they can prevent avoidable losses, help managers plan operations, and monitor organization performance

Overview
This assessment consists of three accounting exercises. The exercises are provided in the Internal Control and Accounting for Assets Worksheet. Use this worksheet to record and submit your solutions for Exercises 3-1, 3-2, and 3-3.

Preparation
In addition, practice problems for each exercise are provided in the Assessment 3 Practice Problems Worksheet. The worksheet and answer key can be found in the Capella Resources activity of this assessment and are optional.

The Assessment 3 Context document contains important information related to internal controls and accounting for assets addressing the following topics:

Cash and Cash Equivalents.
Receivables.
Long-Term Assets.
The following resource is required to complete the assessment.

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