TAILIEUCHUNG - Lecture International accounting: Chapter 6 - Nguyễn Quốc Nhất

Lecture "International accounting - Chapter 6: Internal control and cash" has content: Internal control, the sarbanes - oxleyact (SOX), the components of internal control, internal controls for e commerce, the bank account as a control device, the bank reconciliation,. and other contrens. | International Financial Accounting CHAPTER 6: INTERNAL CONTROL AND CASH LOGO Learning of objective: • Define internal control and explain why it is needed. • Explain the common principles and limitations of internal control. • Describe the operation of voucher and petty cash systems. • Prepare a bank reconciliation. • International Accounting of Financial Apply internal control principles to cash receipts and payments. • Describe the reporting of cash and cash equivalents. MA. Nguyen Quoc Nhat INTERNAL CONTROL AND CASH 2 INTERNAL CONTROL Definition In business, internal control is defined as the methods an organization uses to protect against the theft of assets, enhance the reliability of accounting information, promote efficient and effective operations, and ensure compliance with applicable laws, regulations, and codes of ethical conduct. Table of content Internal Control The Sarbanes-Oxley Act (SOX) The Components of Internal Control Internal Controls for E-Commerce The Bank Account as a Control Device The Bank Reconciliation Internal Control over Cash Receipts Internal Control over Cash Payments The Petty Cash Fund Ethics and Accounting INTERNAL CONTROL AND CASH 3 THE SARBANES-OXLEY ACT (SOX) 4 THE COMPONENTS OF INTERNAL CONTROL Although internal control is essential to businesses of all sizes, it has become one of the most important issues facing public companies today. The first decade of this century brought several high-profile accounting scandals involving Enron, WorldCom, and a number of other publicly owned companies. To restore investor confidence and improve the quality of financial reporting in the United States, the . Congress passed the Sarbanes-Oxley (SOX) Act of 2002 . This new act has led public companies to strengthen their internal controls and to better inform financial statement users of their effectiveness in producing accurate financial statements and .

• Kế toán - Kiểm toán
• Lecture International accounting
• International accounting
• Internal control and cash
• Internal control
• The components of internal control
• Control device
• International convergence
• Financial reporting
• International accounting standard
• International federation of accountants
• Comparative accounting
• Accounting environment
• Accounting profession
• Accounting regulation
• Kế toán quốc tế
• Bài giảng Kế toán quốc tế
• International taxation
• International business decisions
• Corporate income tax
• Tax jurisdiction
• Corporate governance
• International trends
• International diversity
• The adjusting process
• Accrual accounting versus cash basis
• Other accounting principles
• Two categories of adjusting entries
• The adjusted trial balance
• Completing the accounting cycle
• The worksheet
• Closing the accounts
• Classifying assets
• Liabilities and payrol
• Current liabilities of known amount
• Current liabilities
• Accounting for payroll
• Worldwide accounting diversity
• Accounting diversity
• Inflation accounting
• Inflation accounting internationally
• Consolidated financial statements
• Foreign capital markets
• Financial statements
• Auditing research
• Accounting research
• International research
• Environment of international research
• International accounting environment
• International accounting standards board
• Merchandise inventory
• Accounting principles
• Inventory costing methods
• Inventory accounting
• International business
• Foreign customer
• International financial reporting standards
• Intangible assets
• International transfer pricing
• Cost minimization
• International corporate social reporting
• Corporate social reporting
• Foreign exchange risk
• Foreign direct investment
• Intangibles acquired
• Internally generated intangibles
• Performance evaluation
• Transfer pricing
• External reporting
• Regulating CSR practices