PRINCIPLES OF ACCOUNTING-1 Accounting For Internal Control and Cash.docx

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Accounting For Internal Control and CashINTERNAL CONTROLA company’s internal control structure consists of the policies and procedures established to insure thatthe company’s goals will be achieved. As a company grows in size, it becomes difficult to maintaincontrol over all phases of operation. Therefore, management needs to delegate authority and rely on thecontrol structure in order to achieve adherence to enterprise goals.THE PURPOSE OF INTERNAL CONTROLManagers use an internal control system to monitor and control business operations. An internal control
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Term
Summer
Professor
Abebe Debalkie
Tags
Business, Management, Balance Sheet, theft

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