Internal Cash Controls

INTERNAL CASH CONTROLS natural capital Controls Rhonda Porter University of genus Phoenix Internal hard immediate payment Controls Cash is the life flow of e very companies large or small. Internal bills control is a very eventful part of both company. A company make do to be able to know at any importee where their nones comes in and goes out. Cash is the beginning of a companys operating cycle; it is usually the starting point for a companys frame of internal control. The internal quick payment controls for the Idaho based company project weaknesses over their funds disbursal processes. The weakness that I have seen were the fact their checks be not prenumbered. in like manner that only two people be abstruse in the process, I think to a great extent steps needs to be taken to have more checks and balances in the system to avoid accounting errors or fraudulent activities. The following is a memo to the companys CEO about somewhat(a) of its procedures. Memorandum To:Idaho Company CEO From:Rhonda Porter, psychoanalyst Date:2/26/2012 Re:Internal Cash Controls I feel some of your procedures need some improvement. I feel that you need to have your checks to be prenumbered. You could obtain a check writing system to go along with the prenumbered checks.

Also I feel you need to have more employees to be involved in your invoices and payments made. You should have someone disparate to defer your books other than treasurer who approves and pays some of the companys bills. I hope you can take these suggestions and improve your procedures ahead an y problems could arise in your internal cash! controls. The defy furrow company uses the following internal control principles and exertion to cash disbursements: Establishment of responsibilities; segregation of duties; documentation procedures; physical, mechanical and electronic controls; and indie internal verification. It seems that the Guard Dog company has a entire procedure in place for their internal cash controls. eve in the...If you want to get a generous essay, exhibition it on our website: BestEssayCheap.com

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