TAILIEUCHUNG - Ebook Accounting principles: A business perspective ( Vol 1: Financial accounting) – Part 2

Part 2 book “Ebook Accounting principles: A business perspective ( Vol 1: Financial accounting)” has contents: Control of cash, receivables and payables, property, plant, and equipment, plant asset disposals, natural resources, and intangible assets, analysis and interpretation of financial statements, and other contents. | This book is licensed under a Creative Commons Attribution License 8. Control of cash Learning objective After studying this chapter, you should be able to: • Describe the necessity for and features of internal control. • Define cash and list the objectives sought by management in handling a company's cash. • Identify procedures for controlling cash receipts and disbursements. • Prepare a bank reconciliation and make necessary journal entries based on that schedule. • Explain why a company uses a petty cash fund, describe its operations, and make the necessary journal entries. • Analyze and use the financial results-quick ratio. A career in forensic accounting This chapter emphasizes the importance of having effective internal controls in every business. Unfortunately, many smaller companies do not heed this advice. Failure to implement adequate internal controls can result in financial statement fraud (purposely misstated financial statements) or embezzlement (theft). This is when the services of a forensic accountant may be necessary. Forensic accounting is the application of accounting methodology to legal issues. It is frequently associated with the investigation of civil or criminal white-collar crime such as fraud, embezzlement, and general abuse of funds issues. Typical tools used in forensic accounting are bank records, personal financial statements, interviews, and credit reports. The forensic accountant's responsibility is to gather and analyze the evidence and deliver clear, accurate, and unbiased reports reflecting the results of the investigation. Forensic accounting is commonly performed by Certified Fraud Examiners (CFEs). CFEs have extensive training and possess special expertise in investigation and interview techniques specifically designed to detect or prevent fraud. A well-known agency performing forensic accounting in the United States is in the Federal Bureau of Investigation (FBI). You can learn more about the FBI from their homepage .

• Kế toán - Kiểm toán
• Accounting principles
• A business perspective
• Analysis and interpretation
• Financial statements
• Intangible assets
• Natural resources
• Fundamental accounting principles
• Lecture Fundamental accounting principles
• Accounting information systems
• Fundamental system principles
• Technology based accounting systems
• Accounting information
• Financial accounting
• Managerial accounting
• Managerial cost
• Reporting manufacturing activities
• Merchandising operations
• Accounting cycle
• Completing the accounting cycle
• Classified balance sheet
• Accounting for partnerships
• Partnership form of organization
• Basic partnership accounting