Chapter4_Internalcontrol_cash内部控制-课件.pptxVIP

Chapter 4Internal Control and CashLearning ObjectivesSet up an effective system of internal controlUse a bank reconciliation as a control deviceApply internal controls to cash receipts and cash paymentsUse a budget to manage cashWeigh ethical judgments in businessInternal ControlInternal control is the organizational plan and related measures that an entity adopts to:Safeguard assetsEncourage adherence to company policiesPromote operational efficiencyEnsure accurate and reliable accounting recordsSarbanes-Oxley Act (SOX)Created Public Company Accounting Oversight Board.Prohibits accounting fir