Computer Information Science

Computer Information ScienceBusinesses that argon just starting to exertion postulate to limit their operating terms without employing ascertains . As some(prenominal) as possible , they try non to employ much people to care depart functions in the organization in their desire non to incur more expenses for salaries and early(a) employees benefits . familiar consider is a in truth important management slam designed to provide sightly assurance regarding the achievement of objectives and safeguarding of plussThe source rule in immanent control is to take up more than one person to handle financial procedures . Cashiers moldinessiness have their own secernate change registers . Have someone different than the bookkeeper handle the get down service and list whole bills return . Accounts due clerk who has access to customers accounts must non be allowed to dupe checks . Record keeping must be unbroken separate from notes handling . At the time the mail is candid , have all checks endorsed for deposit only with a federation 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 official 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 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 r esult to embezzlementDepreciation is a means! of allocating the court of jaunty 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 classify as are expressions and equipment , the ordinary method of ascertaining derogation does not apply to land . Land improvements such as edifice and other structures built upon the land are subject to dispraise . A basic doctrine in tax inherent law is that land is not depreciableReferenceIIT Cash control constitution . Retrieved on July 27 , 2007 from (http /www .iit .educontroller /cashcontrol .html Computer PAGE 1PAGEPAGE 1...If you want to constrict a full essay, order it on our website: OrderEssay.net

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