Business > CASE STUDY > Learning Team Assignment Week 2.docx Running head: LEARNING TEAM ASSIGNMENT, WEEK 2 (All)

Learning Team Assignment Week 2.docx Running head: LEARNING TEAM ASSIGNMENT, WEEK 2

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Learning Team Assignment Week 2.docx Running head: LEARNING TEAM ASSIGNMENT, WEEK 2 1 ACC 492 Audit Cash, Financial Instru ...

Learning Team Assignment Week 2.docx Running head: LEARNING TEAM ASSIGNMENT, WEEK 2 1 ACC 492 Audit Cash, Financial Instruments, Sale, and Receivables Accounts and Cycles ACC 492 LEARNING TEAM ASSIGNMENT, WEEK 2 Learning Team Assignment, Week 2 Summary In this particular assignment we will be analyzing the importance of auditing as well as utilizing internal and test controls for Gap Inc. which will include the program steps that would aid in providing Gap Inc. daily financial operations to run effectively and effortlessly. Moreover, in February of 2019 the Board of Directors had initiated for the Company to be split into two independently publicly-traded companies. However, on January 16, 2020 it was determined that the splitting of the two companies only initiated potential operational inefficiencies and areas for improvement. Therefore, this company identifies their operating segments based on how their business activities are being regulated and assessed. As of February 1, 2020, this applies to all sister companies within Gap Inc. Introduction to Gap Inc. Gap Inc. is one of the leading apparel retail companies in the United States based out of San Francisco, California established in July 1969. According to Gap Inc(2020) Gap, Inc. was founded with a simple idea - make it easier to find a pair of jeans that fit with a commitment to do more.(para 1). Gap Inc. produces denim, khakis, T-shirts, boxer. . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .. . . . . .. . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .. . .. .. . . . . . . . . . . . . . . . . . .. . . . .

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