基础会计学英文版lesson12-enInternal Control and Business Ethnics.ppt

* * * * * * * * * * * * * * * * * * * * * * * * * * * * * * * * * * * * * * * * * * * * * * * * * * * * * * * * * * * * * * * Controlling Petty Cash Payments Jose also spent $20 for delivery charges and $60 for coffee and other miscellaneous expenses. What is the journal entry to record the replenishment of the fund? * Controlling Petty Cash Payments * June 30, 200x Supplies 70 Delivery Expense 20 Miscellaneous Expense 60 Cash in Bank 150 To replenish the petty cash fund Ethical Values Do Matter! In making judgment, the Early Kings were perfect, because they made more principles the starting point of all their undertaking and the root of everything that was beneficial. This principle, however, is something that persons of mediocre intellect never grasp. Not grasping it, they lack awareness, and lacking awareness, they pursue profit. But while they pursue profit, it is absolutely impossible for them to be certain of attaining it. --Lv Bu-wei 246BC, The Annals of Lv Bu-wei, Lu Shi Chun Qiu * Ethical Values Ethical values have been changed immensely in the last century. Ethical and moral values provide a foundation to society on how to function, live, and work within the society. Ethical values provide the foundation on which a civilized society exists. Without the foundation, civilization collapses. * Enron Cartoon * There are two levers to set a man in motion, fear and self-interest.  ——Napoleon Bonaparte Economic Boom and Ethics The boom of the 1990s -- changing the business environment, reshaping corporate leadership. Financial scandals and out-of-hand executive compensation -- a lapse of ethics and unprecedented greed, a disdain for the rule of law. The most pressing leadership issue for today ---ensure that corporate officers behave in an ethical manner. * Ethical Issues in Acc