acc220_appendix_b[1] - Axia College Material Appendix B...

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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 Designating specific responsibilities to one specific person Where I work each person is responsible for their own collections in outstanding A/R Segregation of duties Assigning completely different task’s to different employees Our collections representatives are responsible for specific insurance companies and those companies only Documentation procedures This will ensure appropriate billing procedures and transaction recording. Our reps. are responsible for documenting patient accounts when a claim has been sent to the insurance or when an adjustment is being made on a charge.
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This note was uploaded on 09/14/2010 for the course AXIA COLLE All taught by Professor Unk during the Spring '10 term at University of Phoenix.

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acc220_appendix_b[1] - Axia College Material Appendix B...

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