TAILIEUCHUNG - Lecture Financial accounting: Tools for business decision-making (7th edition) – Chapter 7

Chapter 7 - Internal control and cash. This chapter include objectives: Explain the components of an internal control system, including its control activities and limitations; apply the key control activities to cash receipts and payments; prepare a bank reconciliation; explain the reporting and management of cash. | CHAPTER 7: INTERNAL CONTROL AND CASH LO 1: Explain the components of an internal control system, including its control activities and limitations. LO 2: Apply the key control activities to cash receipts and payments. LO 3: Prepare a bank reconciliation. LO 4: Explain the reporting and management of cash. LEARNING OBJECTIVES The systems adopted within a company to help it achieve: Reliable financial reporting Effective and efficient operations Compliance with relevant laws and regulations Also help prevent and detect errors, which cause unintentional misstatements An effective way to prevent and detect fraud Internal Control Good internal control systems have five primary components: Control environment Risk assessment Control activities Information and communication Monitoring activities Internal Control (Continued) Control activities include: Assignment of responsibility Segregation of duties Documentation Physical controls Review and reconciliation Control Activities Specific .

• Kế toán - Kiểm toán
• Financial accounting
• Lecture Financial accounting
• Financial statements
• Kế toán tài chính
• Internal control
• Control activities
• Issues in financial accounting
• Accounting standards
• Financial reporting
• Financial Accounting Standards Board
• Fundamental financial accounting
• Lecture Fundamental financial accounting concepts
• Financial statement
• Accounting cycle
• Accounting for accruals
• Accounting system
• Accounting activities
• Financial accounting practice
• Accounting information system
• Accounting terminology
• Reporting financial results
• Evaluating liquidity
• Business firms
• The financial reporting reform
• Accounting information
• Management accounting
• Accounting equation
• Accounting systems
• Decision making
• External financial reporting
• Accounting for business
• Lecture Accounting for business
• Financial accounting reports
• Statement of financial performance
• Accrual accounting systems
• Statement of financial position
• Mastering financial accounting essentials
• Financial accounting essentials
• Accrual accounting
• Income statement
• Accounting conventions
• Accounting for cash
• Accounting for receivables
• Computing uncollectible accounts expense
• Long term debt
• Accounting for long term debt
• Paper F3
• Revision kit 2016
• Accounting Financial
• Accounting Financial Review
• Financial Review accounting exam
• Study text 2016
• Language of business
• Double entry accounting system
• Credit terminology
• Merchandising businesses
• Accounting for merchandising businesses
• Accounting for inventories
• Cash discounts
• The accounting cycle
• International financial reporting standards
• Completing the accounting cycle
• Accounting worksheet
• Classified balance sheet