Propose a high-level plan to implement a proper accounting system for your department using specific principles discussed in the course.

Imagine that you are the new department manager of a corporation: You discover that your predecessor had been using the cash basis of accounting, which has resulted in many errors and misinformation. What measures would you take to remediate the issue? Propose a high-level plan to implement a proper accounting system for your department using specific principles discussed in the course. For example, which financial statements would you investigate first? What sort of internal controls would you implement?