Computer Information Science

Computer Information ScienceBusinesses that ar just starting to turn take to limit their operating terms without employing ascertains . As some(prenominal) as possible , they try non to employ much people to do specialise functions in the organization in their desire non to incur more expenses for salaries and early(a) employees benefits . familiar tell is a rattling important management slam designed to provide credible assurance regarding the achievement of objectives and safeguarding of plussThe source rule in midland control is to take up more than one individual to handle financial procedures . Cashiers mustinessinessiness have their own fragment change registers . Have someone other(a) than the bookkeeper handle the trip service and list whole coin return . Accounts receivable clerk wh o has access to customers accounts must not be allowed to stick checks . Record keeping must be unbroken separate from hard cash handling . At the time the mail is unresolved , have all checks endorsed for deposit only with a community stamp . Have the bookkeeper immediately record all cash receipts after the checks have been listed by some other person . All checks received through the mail are usually forwarded to the cashier for proper recording and issuance of official receipts . See to it that cash receipts have been deposited in the bank by comparing the list with the deposit slips and the cash receipts journal . Proper posting to the accounts receivable ledgers and must be done promptly . Bank reconciliation should be prepared by a person not liable(p) for cash handling and recording .

Hence , an accountant must not prepare bank reconciliations . Reconciliation should be reviewed by persons not responsible for the said functions . Breach of internal control may result to embezzlementDepreciation is a means of allocating the apostrophize of alert assets to periods benefiting from asset use . It is the compensation for the use of fixed asset , applying the basic accounting principle , proper matching of cost against revenue . Since land is not subject to wear and separate as are expressions and equipment , the ordinary method of ascertaining derogation does not apply to land . Land improvements such as edifice and other structures built upon the land are subject to derogation . A basic doctrine in tax inseparable law is that land is not depreciableReferenceIIT Cash control insurance policy . Retrieved on July 27 , 2007 f rom (http /www .iit .educontroller /cashcontrol .html Computer PAGE 1PAGEPAGE 1...If you want to constrict a full essay, order it on our website: BestEssayCheap.com

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