Computer Information Science

Computer Information ScienceBusinesses that atomic number 18 right starting to absorb trust to limit their operating terms without employing dominations . As ofttimes as possible , they try non to employ much hatful to handle separate functions in the organization in their proneness not to incur to a greater extent expenses for salaries and arctic employees benefits . intrinsic get over is a very important way turncock designed to will reasonable assurance regarding the transaction of objectives and safeguarding of additionsThe initial rule in internal accommodate is to m separate more than one soulfulness to handle financial procedures . Cashiers moldiness(prenominal) hold back their own separate bills registers . view someone separate than the bookkeeper handle the chain fit out and list on the alone hard currency pass along . Accounts Receivable clerk who has gate to customers accounts must(prenominal) not be allowed to receive checks . Record retention must be kept separate from cash discussion . At the time the turn on is opened , have all checks endorsed for deposit only with a company stamp . Have the bookkeeper immediately record all cash receipts after the checks have been listed by other person . All checks accredited through the mail be usually forwarded to the cashier for suitable record and issuance of declargon receipts . See to it that cash receipts have been deposited in the swear by analyse the list with the deposit slips and the cash receipts journal . seemly posting to the accounts receivable ledgers and must be done quick . Bank reconciliation should be prepared by a person not accredited for cash handling and recording .

Hence , an accountant must not prepare bank reconciliations . Reconciliation should be reviewed by persons not responsible for the state functions . Breach of internal control may result to embezzlementDepreciation is a means of allocating the be of stock-still summations to periods benefiting from asset use . It is the pay for the use of fixed asset , affording the basic accounting belief , proper matching of cost against revenue . Since place down is not subject to wear and rakehell as are twists and equipment , the ordinary rule of ascertaining derogation does not apply to land . Land improvements much(prenominal) as building and other structures built upon the land are subject to depreciation . A basic doctrine in tax honor is that land is not depreciableReferenceIIT Cash control policy . Retrieved on July 27 , 2007 from (http /www .iit .educontroller /cashcontrol .html Computer paginate 1PAGEPAGE 1...If you want to look at a full essay, arrangement it on our website: Ordercustompaper.com

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