Accounting principles chapter 08

... CHAPTER INTERNAL CONTROL AND CASH After studying this chapter, you should be able to: Define internal control Identify the principles of internal control Explain ... organization’s assets Enhances the accuracy and reliability of accounting records PRINCIPLES OF INTERNAL CONTROL STUDY OBJECTIVE PRINCIPLES OF INTERNAL CONTROL • Establishment of responsibility: ... internal control Ex...

Ngày tải lên: 05/04/2017, 14:49

... CHAPTER INTERNAL CONTROL AND CASH Accounting Principles, Eighth Edition Chapter 8-2 Study Study Objectives Objectives Define internal control Identify the principles of internal ... Explain the reporting of cash Chapter 8-3 Internal Internal Control Control and and Cash Cash Internal Internal Control Control The SarbanesOxley Act Principles Limitations Chapter 8-4 Cash Cash Con...

Ngày tải lên: 05/04/2017, 15:19

... created the Public Company Accounting Oversight Board (PCAOB) LO Internal Control Methods and measures adopted to: 8-4 ● Safeguard assets ● Enhance the reliability of accounting records ● Increase ... documents should be accounted for  Employees should promptly forward source documents for accounting entries to the accounting department 8-12 LO ANATOMY OF A FRAUD To support their rei...

Ngày tải lên: 12/05/2017, 11:45

... Chapter Fraud, Internal Control, and Cash Chapter 8-2 Accounting Principles, Ninth Edition Study Study Objectives Objectives Define fraud and internal control Identify the principles ... accounted for Chapter 8-11 SO Identify the principles of internal control Fraud Fraud and and Internal Internal Control Control Principles of Internal Control Activities PHYSICAL CONTROLS Cha...

Ngày tải lên: 13/05/2017, 10:21

... CHAPTER8 Fraud, Internal Control, and Cash 8-2 PreviewofCHAPTER8 8-3 Fraud and Internal Control Fraud Dishonest act by an employee that results in personal ... Identify the principles of internal control activities Fraud and Internal Control Principles of Internal Control Activities Illustration 8-2 Physical Controls 8-9 SO Identify the principles of ... control principles to cash...

Ngày tải lên: 15/05/2017, 10:33

... (slide of 2)  The goal of control activities is to safeguard a company’s assets and ensure the reliability of the accounting records Standard controls include: – Autho rizatio n—the approval of ... the firm to the best advantage of its owners – The Sarbanes-Oxley Act requires that the chief executive officer, the chief financial officer, and the auditors of a public company f...

Ngày tải lên: 15/05/2017, 15:43

... acceptable for financial reporting LO Accounts Receivable Allowance Method for Uncollectible Accounts Companies estimate uncollectible accounts receivable Debit Bad Debt Expense and credit Allowance for ... Allowance for Doubtful Accounts $2,000 Dr Solution: Bad debts are estimated to be 10% of receivables Prepare the entry to adjust Allowance for Doubtful Accounts Bad debts exp...

Ngày tải lên: 07/06/2015, 02:43

... 455 456 Chapter Lecture Notes Helpful Hint: Before beginning the lecture, show students the seventh and eighth segments from the second tape of the McGraw-Hill/Irwin Managerial/ Cost Accounting ... introduce students to many of the concepts discussed in chapter The lecture notes reinforce the concepts in the video Chapter theme: This chapter introduces students to activity-based co...

Ngày tải lên: 23/11/2016, 10:46

... accounting system should be designed to provide the information that improves the decisions of managers, keeping in mind that accounting systems have a cost Flexible Budgets, Variances, and Management ... implementation have declined Flexible Budgets, Variances, and Management Control: II 111 SUGGESTED READINGS Beischel, M and Smith, K., “Linking the Shop Floor to the Top...

Ngày tải lên: 23/11/2016, 16:12

... Equity Investments 10 The Cost Method 11 E8-8 Mystic Lakes Food Company began investing in equity securities for the first time in 2011 During 2011, the company engaged in the following transactions ... controlling interest (more than 50 percent of the voting stock) in another company If the two companies continue as separate legal entities, the investor company is referred to as th...

Ngày tải lên: 24/11/2016, 11:11

... REPORTING AND ANALYZING RECEIVABLES 8-2 Financial Accounting, Seventh Edition Learning Learning Objectives Objectives After studying this chapter, you should be able ... receivables Preview of Chapter Financial Accounting Seventh Edition Kimmel Weygandt Kieso 8-4 Types Types of of Receivables Receivables Amounts due from individuals and companies that are expected ......

Ngày tải lên: 24/11/2016, 14:36

... REPORTING AND ANALYZING RECEIVABLES 8-2 Financial Accounting, Seventh Edition Learning Learning Objectives Objectives After studying this chapter, you should be able ... receivables Preview of Chapter Financial Accounting Seventh Edition Kimmel Weygandt Kieso 8-4 Types Types of of Receivables Receivables Amounts due from individuals and companies that are expected ......

Ngày tải lên: 01/12/2016, 14:34

... marketby bythe the amount amountof ofproduct productbought boughtor or consumed consumed AAprinciple principleholding holdingthat that20 20 percent percentof ofall allcustomers customers generate ... Rights Reserved The Concept of Market Segmentation © 2015 by Cengage Learning Inc All Rights Reserved The Importance of Market Segmentation Explain the importance of market segmentation © 2...

Ngày tải lên: 09/12/2016, 12:20

... CHAPTER ACCOUNTING IN ACTION After studying this chapter, you should be able to: • Explain what accounting is • Identify users and uses of accounting • Understand why ... concept • Explain the meaning of generally accepted accounting principles and the cost principle CHAPTER ACCOUNTING IN After studying thisACTION chapter, you should be able to: • Explain the meaning ... BOO...

Ngày tải lên: 05/04/2017, 14:48

... CHAPTER THE RECORDING After studying this chapter, you should be able to: PROCESS Explain what an account is and how ... process Explain what a journal is and how it helps in the recording process CHAPTER THE RECORDING After studying PROCESS this chapter, you should be able to: Explain what a ledger is and how it helps ... trial balance and explain its purpose THE ACCOUNT STUDY OBJECTIV...

Ngày tải lên: 05/04/2017, 14:48