TAILIEUCHUNG - Lecture Financial accounting: Tools for business decision making - Chapter 7: Fraud, internal control, and cash

This chapter’s objectives are to: Define fraud and the principles of internal control, apply internal control principles to cash, identify the control features of a bank account, explain the reporting of cash and the basic principles of cash management. | Fraud, Internal Control, and Cash Kimmel ● Weygandt ● Kieso Financial Accounting, Eighth Edition 7 Apply internal control principles to cash. CHAPTER OUTLINE Define fraud and the principles of internal control. 1 2 LEARNING OBJECTIVES Identify the control features of a bank account. 3 Explain the reporting of cash and the basic principles of cash management. 4 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 7-1 Fraud triangle FRAUD LEARNING OBJECTIVE Define fraud and the principles of internal control. 1 LO 1 Applies to publicly traded . corporations. 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. SOX created the Public Company Accounting Oversight Board (PCAOB). .

• Kế toán - Kiểm toán
• Financial accounting
• Lecture Financial accounting
• Business decision
• Kế toán tài chính
• Internal control
• Control environment
• Issues in financial accounting
• Financial statements
• 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