Copyright

Ch 3: Controls in Financial Accounting

About This Chapter

Working in the world of financial accounting requires getting a good grasp of how it is managed. In this chapter, you can use engaging video lessons to help your employees better understand controls in financial accounting.

Controls in Financial Accounting - Chapter Summary

Use the videos in this chapter to provide your employees with an in-depth look at controls in financial accounting. The lessons are designed to help employees understand the following:

  • Common problems with financial information
  • The definition and types of internal controls in accounting
  • How auditors impact the accounting process

After watching the video lessons, employees can take self-assessment quizzes and a chapter exam to test their understanding of controls in financial accounting. Full video transcripts are available with each lesson. If you have any questions about the chapter, you can submit them to instructors who are ready to assist.

How It Helps

  • Creates awareness: The lessons can help your employees understand expectations of the financial sector and issues that could arise in their finance-related positions that they may have never considered.
  • Strengthens work performance: As employees become aware of controls in financial accounting, they can apply this knowledge to their positions and perform better on the job.
  • Prevents financial issues: This chapter provides insight into goals, rules and regulations of financial accounting that can give your employees the knowledge they need to help your company avoid financial issues.

Skills Covered

Completing this chapter will ensure your employees are able to:

  • Outline common issues that prevent professionals from providing accurate and reliable financial information
  • Discuss internal controls and why they are important in accounting
  • Explain the role of the auditor in the accounting industry
  • Describe the steps in the auditing process

Chapter Practice Exam
Test your knowledge of this chapter with a 30 question practice chapter exam.
Not Taken
Practice Final Exam
Test your knowledge of the entire course with a 50 question practice final exam.
Not Taken

Earning College Credit

Did you know… We have over 200 college courses that prepare you to earn credit by exam that is accepted by over 1,500 colleges and universities. You can test out of the first two years of college and save thousands off your degree. Anyone can earn credit-by-exam regardless of age or education level.

To learn more, visit our Earning Credit Page

Transferring credit to the school of your choice

Not sure what college you want to attend yet? Study.com has thousands of articles about every imaginable degree, area of study and career path that can help you find the school that's right for you.

Other Chapters

Other chapters within the Fundamentals of Financial Accounting course

Support