About This Chapter
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
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.
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.
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.
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.
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.
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.
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.
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.
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.
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.
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.
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.
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.
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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Other chapters within the Financial Accounting: Homework Help Resource course
- Introduction to Accounting: Homework Help
- Financial Statements in Accounting: Homework Help
- Mechanics of the Accounting Cycle: Homework Help
- Adjusting Accounts: Homework Help
- Inventory and Merchandising Operations in Accounting: Homework Help
- Current and Long-Term Liabilities in Accounting: Homework Help