Accounting Week 4 Assingment1

Associate Level Material supplement B Cash Management Matrix Directions: using the matrix, list how each of the principles of intimate control works, and give an guinea pig for each. Next, list how each of the principles of silver management works, and give an case for each.  |Principles of Internal Control |How it flora |Example | |Establishment of obligation |Assigning a special(prenominal) business to an individual. |An employee is given the duty of handling a coin | | | |drawer (a cashier), and ensuring the accurate bring is in the | | | |drawer at the close of their shift.

| |Segregation of duties |Separating duties at work among multiple pile in different |A individual responsible for make petty cash purchases is not the | | |groups. This reduces the opportunity and risk of theft. | analogous person who has the responsibility of musical arrangement those | | | |transactions. Two different the great unwashed for two tasks. | |Documentation procedures |Pre-numbered and accounted for, documents that be sent to the |A person has 12 documents that are dated, anyhow not in order. The | | | square-toed department....If you want to get a full essay, order it on our website: Ordercustompaper.com

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