Description: Welcome back to another season of wileyaccountingupdates.ca. New and returning students are arriving on campuses across Canada as another academic year gets started. Of course, there is a certain excitement in the air as classes and other on campus activities start up. Fresh friendships bloom and older ones are brought back after a summer hiatus. It’s an exciting time. But some students are facing challenges amid the positives, including food insecurity that drives some to seek relief at college food banks. It’s hard to escape the economy, no matter where you are.
Date: August 30, 2023
Source: yahoo.com; cbc.ca
1) What are you looking forward to as you begin your studies this year?
2) Have you ever experienced food insecurity?
3) Page 7-27 of Wiley’s Understanding Financial Accounting contains a vignette discussing internal control at the Daily Bread Food Bank. What are some of the internal controls the Daily Bread Food Bank has put in place to protect donated assets?