TAILIEUCHUNG - Lecture Accounting principles (11E): Chapter 8 - Coby Harmon

After completing this chapter you should be able to: Define fraud and internal control, identify the principles of internal control activities, explain the applications of internal control principles to cash receipts, describe the operation of a petty cash fund,.and other contents. | Prepared by Coby Harmon University of California, Santa Barbara Westmont College 8-1 8 Fraud, Internal Control, and Cash Learning Objectives After studying this chapter, you should be able to: [1] Define fraud and internal control. [2] Identify the principles of internal control activities. [3] Explain the applications of internal control principles to cash receipts. [4] Explain the applications of internal control principles to cash disbursements. [5] Describe the operation of a petty cash fund. [6] Indicate the control features of a bank account. [7] Prepare a bank reconciliation. [8] Explain the reporting of cash. 8-2 Preview of Chapter 8 Accounting Principles Eleventh Edition Weygandt Kimmel Kieso 8-3 Fraud and Internal Control Fraud Dishonest act by an employee that results in personal benefit to the employee at a cost to the employer. Three factors that contribute to fraudulent activity. Illustration 8-1 8-4 LO 1 Define fraud and internal control. Fraud and Internal Control The Sarbanes-Oxley Act Required to maintain a system of internal control. Corporate executives and boards of directors must ensure that these controls are reliable and effective. Independent outside auditors must attest to the adequacy of the internal control system. 8-5 Applies to publicly traded . corporations. SOX created the Public Company Accounting Oversight Board (PCAOB). LO 1 Define fraud and internal .

• Kế toán - Kiểm toán
• Lecture Accounting principles
• Accounting principles
• Internal control
• Identify the principles
• Internal control activities
• Describe the operation
• 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