1 / 3

Participation & Attendance Chapter 4

This chapter outlines essential internal controls for managing cash in a small housecleaning business. As the owner, you must ensure that all cash and check payments are accurately recorded and safeguarded. With a mix of long-term and new employees who currently collect payments, implementing robust controls is crucial. This activity requires you to identify at least three important controls to implement and explain their significance to enhance financial accountability and reduce potential fraud.

howe
Download Presentation

Participation & Attendance Chapter 4

An Image/Link below is provided (as is) to download presentation Download Policy: Content on the Website is provided to you AS IS for your information and personal use and may not be sold / licensed / shared on other websites without getting consent from its author. Content is provided to you AS IS for your information and personal use only. Download presentation by click this link. While downloading, if for some reason you are not able to download a presentation, the publisher may have deleted the file from their server. During download, if you can't get a presentation, the file might be deleted by the publisher.

E N D

Presentation Transcript

  1. Participation & Attendance Chapter 4 By Rachelle Agatha, CPA, MBA Slides by Rachelle Agatha, CPA,

  2. 0 Activity: Assume you are the Owner of a small housecleaning business that handles a lot of cash & checks. You need to design an internal control system to ensure cash is properly controlled. You have some long term employees and some new ones. They all collect their own payments right now from the customers.

  3. 0 Activity: List at least three controls you would implement and tell why these are important. Submit Via Blackboard.

More Related