Accounting Week 4 Assingment1

Associate Level Material Appendix B hard specie Management Matrix Directions: using the matrix, list how each of the principles of inbred control works, and give an instance for each. Next, list how each of the principles of strait-lacedty management works, and give an cause for each.  |Principles of Internal Control |How it kit and boodle |Example | |Establishment of responsibleness |Assigning a specialised business to an individual. |An employee is given the responsibility of handling a cash | | | |drawer (a cashier), and ensuring the accurate summate is in the | | | |drawer at the close of their shift.

| |Segregation of duties |Separating duties at work among multiple lot in different |A mortal responsible for fashioning petty cash purchases is not the | | |groups. This reduc! es the opportunity and risk of theft. | homogeneous person who has the responsibility of transcription those | | | |transactions. Two different multitude for two tasks. | |Documentation procedures |Pre-numbered and accounted for, documents that be sent to the |A person has 12 documents that are dated, besides not in order. The | | |proper department....If you want to get a full essay, order it on our website: BestEssayCheap.com

If you want to get a full essay, visit our page: cheap essay