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Ch 5: Internal Controls in Accounting: Homework Help

About This Chapter

The Internal Controls in Accounting chapter of this College Financial Accounting Homework Help course helps students complete their internal controls in accounting homework and earn better grades. This homework help resource uses simple and fun videos that are about five minutes long.

How it works:

  • Identify which concepts are covered on your internal controls in accounting homework.
  • Find videos on those topics within this chapter.
  • Watch fun videos, pausing and reviewing as needed.
  • Complete sample problems and get instant feedback.
  • Finish your internal controls in accounting homework with ease!

Topics from your homework you'll be able to complete:

  • Safeguards and controls of banking
  • Control of cash and control of cash receipts
  • Earnings management
  • Bank reconciliation
  • Sarbanes-Oxley Act
  • Purpose of the Securities and Exchange Commission

14 Lessons in Chapter 5: Internal Controls in Accounting: Homework Help
Typical Problems with Financial Information

1. Typical Problems with Financial Information

The ultimate goal of an accounting professional is to provide accurate and reliable financial information to interested parties. In this lesson, we are going to discuss typical problems with financial information.

Internal Controls in Accounting: Definition, Types & Examples

2. Internal Controls in Accounting: Definition, Types & Examples

Rules and regulations are a part of everything we do. In this lesson, you will learn about internal controls in accounting. You will learn what they are, why they are important and see examples.

Safeguards & Controls of Banking Activities

3. Safeguards & Controls of Banking Activities

Money is one of the most highly valued items a person has. Is that money safe when it is deposited in a bank? In this lesson, you'll learn how banks safeguard your money so that you can be confident with every deposit you make.

Control of Cash: Definition & Methods

4. Control of Cash: Definition & Methods

Cash is a valuable commodity and one that is vulnerable to fraudulent activity. In this lesson, you will learn what makes up a company's cash account as well as how to control cash.

Control of Cash Receipts & Disbursements

5. Control of Cash Receipts & Disbursements

Cash is something that we all work hard for and certainly don't want to lose to predators. In this lesson, we will discuss cash and how to protect both the receipt and disbursement of cash.

Earnings Management: Definition, Techniques & Examples

6. Earnings Management: Definition, Techniques & Examples

Earnings management is a hot topic in the accounting world. In this lesson, you will learn what it is, what techniques are most popular and see examples of each.

What is Bank Reconciliation? - Definition, Purpose, Process & Examples

7. What is Bank Reconciliation? - Definition, Purpose, Process & Examples

Ensuring that a company's cash account is in balance is a vital part of an accounting professional's job. In this lesson, you will learn about bank reconciliation.

Technology's Impact on the Internal Control System

8. Technology's Impact on the Internal Control System

Almost every day, you hear about new advances in technology. Do you ever wonder how this new technology affects the business world? In this lesson, we are going to discuss how technology impacts internal control.

Limitations of Internal Control in Financial Reporting

9. Limitations of Internal Control in Financial Reporting

Internal controls are a vital part of the operation of a business. In this lesson, we will discuss what internal controls are and some of the limitations of internal controls.

The Sarbanes-Oxley Act: Definition and Explanation

10. The Sarbanes-Oxley Act: Definition and Explanation

Government regulations play a major role in corporate financial reporting. In this lesson, you will learn about one of the most important regulations enacted in the last two decades - the Sarbanes-Oxley Act.

The Role of Auditors in the Accounting Process

11. The Role of Auditors in the Accounting Process

Auditors play a pivotal role in the accounting industry. In this lesson, you will learn what an auditor is, what they do, and the steps in the auditing process.

The Securities & Exchange Commission: Definition, History & Purpose

12. The Securities & Exchange Commission: Definition, History & Purpose

The accounting industry is regulated by several organizations. Each of these were created by the Securities and Exchange Commission. In this lesson, you will learn the definition, history, and purpose of the SEC.

Segregation of Duties: Definition & Examples

13. Segregation of Duties: Definition & Examples

Segregation of duties is an important part of protecting company assets such as money, inventory, and employee information. In this lesson, we'll define segregation of duties, explain how it works as an internal control, and provide examples.

Segregation of Duties: Benefits & Risks

14. Segregation of Duties: Benefits & Risks

A business puts internal controls in place to ensure its assets and records are protected from theft and errors. In this lesson, you will learn about segregation of duties.

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