Computer Information Science

Computer Information ScienceBusinesses that ar just starting to crop compulsion to limit their operating terms without employing ascertains . As some(prenominal) as possible , they try non to employ much people to call split functions in the organization in their desire non to incur more expenses for salaries and early(a) employees benefits . familiar go through is a rattling important management slam designed to provide reasonable assurance regarding the achievement of objectives and safeguarding of plussThe source rule in intimate control is to take up more than one soulfulness to handle financial procedures . Cashiers essentialiness have their own recite change registers . Have someone some other than the bookkeeper handle the ship service and list whole hard currency return . Accounts rec eivable clerk who has access to customers accounts must(prenominal) not be allowed to detect checks . Record keeping must be unbroken separate from specie handling . At the time the mail is unresolved , have all checks endorsed for deposit only with a phoner stamp . Have the bookkeeper immediately record all cash receipts after the checks have been listed by some other person . All checks received through the mail are usually forwarded to the cashier for proper recording and issuance of functionary receipts . See to it that cash receipts have been deposited in the bank by comparing the list with the deposit slips and the cash receipts journal . Proper posting to the accounts receivable ledgers and must be done promptly . Bank reconciliation should be prepared by a person not apt(p) for cash handling and recording .

Hence , an accountant must not prepare bank reconciliations . Reconciliation should be reviewed by persons not responsible for the said functions . Breach of internal control may result to embezzlementDepreciation is a means of allocating the toll of curt assets to periods benefiting from asset use . It is the compensation for the use of fixed asset , applying the basic accounting principle , proper matching of cost against revenue . Since land is not subject to wear and distinguish as are expressions and equipment , the ordinary method of ascertaining derogation does not apply to land . Land improvements such as construction and other structures built upon the land are subject to wear and tear . A basic doctrine in tax inherent law is that land is not depreciableReferenceIIT Cash control policy . Retrieved on July 27 , 2007 from (http /www .iit .educontroller /c ashcontrol .html Computer PAGE 1PAGEPAGE 1...If you want to constrict a full essay, order it on our website: OrderEssay.net

If you want to get a full information about our service, visit our page: write my essay