acc220_appendix_b[1] - Documentation procedures Physical,...

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Axia College Material Appendix B Cash Management Matrix Directions : Using the matrix, list how each of the principles of internal control works, and give an example for each. Next, list how each of the principles of cash management works, and give an example for each. Principles of Internal Control How it Works Example Establishment of responsibility Segregation of duties
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Unformatted text preview: Documentation procedures Physical, mechanical, and electronic controls Independent internal verification Other controls Principles of Cash Management How it Works Example Invest idle cash Plan the timing of major expenditures Delay payment of liabilities Keep inventory levels low ACC 220 Increase the speed of collection on receivables ACC 220...
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This note was uploaded on 06/13/2010 for the course ACCOUNTING 220 taught by Professor Connie during the Spring '10 term at Phoenix School of Law.

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acc220_appendix_b[1] - Documentation procedures Physical,...

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