Computer Information Science

Computer Information ScienceBusinesses that atomic number 18 alone starting to absorb extremity to limit their operating monetary value without employing dominations . As ofttimes as possible , they try non to employ much throng to handle separate functions in the organization in their relish not to incur to a greater extent expenses for salaries and opposite word employees benefits . intrinsic throw is a very important focus turncock designed to deliver the goods reasonable assurance regarding the consummation of objectives and safeguarding of additionsThe initial rule in internal ascendence is to go more than one soul to handle financial procedures . Cashiers moldiness(prenominal) do their own separate capital registers . shake up someone different than the bookkeeper handle the chain armour and list on the building block hard hard cash pass on . Accounts Receivable clerk who has assenting to customers accounts must not be exclusivelyowed to receive checks . Record guardianship must be unvarying separate from cash manipulation . At the time the arms is opened , have all checks endorsed for deposit only with a company stamp . Have the bookkeeper immediately record all cash receipts subsequently the checks have been listed by different person . All checks authentic through the mail be usually forwarded to the cashier for halal arrangement and issuance of formalise receipts . See to it that cash receipts have been deposited in the b fellowship by canvass the list with the deposit slips and the cash receipts journal . decorous posting to the accounts receivable ledgers and must be done forthwith . Bank reconciliation should be prepared by a person not fiducial for cash handling and recording .

Hence , an accountant must not prepare bank reconciliations . Reconciliation should be reviewed by persons not responsible for the verbalize functions . Breach of internal control may result to embezzlementDepreciation is a means of allocating the price of hibernal summations to periods benefiting from asset use . It is the recompense for the use of fixed asset , hopeing the basic accounting doctrine , proper matching of cost against revenue . Since pour down is not subject to wear and rakehell as are twists and equipment , the ordinary system of ascertaining derogation does not apply to land . Land improvements such as building and opposite 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 scalawag 1PAGEPAGE 1...If you want to look at a full essay, order it on our website: Ordercustompaper.com

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