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- Describe the typical problems with financial information.
- Provide examples of internal controls in accounting.
- Discuss the controls and safeguards of banking activities.
- Describe different methods for controlling cash.
- Take a look at the internal control of cash receipts and disbursements.
- Learn some techniques for earnings management.
- Understand the purpose and process of preparing bank reconciliations.
- Explain how technology impacts the internal control system.
- Describe the limitations of internal control.
- Become familiar with the Sarbanes-Oxley Act.
- Discuss the role auditors play in the accounting process.
- Understand the history and 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. What is Intellectual Property? - Definition & Laws
Intellectual property rights are an important aspect of the modern economy. In this lesson, you'll learn about intellectual property rights and some of the relevant laws. A short quiz follows.
14. What is Internal Data? - Definition & Sources
The company you work for is losing money but doesn't know why. Sales are high, employees are happy, and bills are paid. It might be time to collect internal data to find out. This lesson reviews where internal data comes from and its importance.
15. Option-Adjusted Spread: Formula & Examples
This lesson defines the option-adjusted spread and explains how the metric is used by bond investors to make decisions. You'll also learn the components of the option-adjusted spread and how the metric is calculated.
16. What is a Defined Benefit Plan? - Definition & Examples
Let's take a look at how a defined benefit plan works and what sort of payment plans are available to employees as an alternative or supplementary benefit in retirement.
17. Defined Benefit Plans vs. Defined Contribution Plans
When it comes to financial planning, retirement is something that everyone, regardless of their age, should consider. In this lesson, we will discuss two types of retirement plans often offered by employers, defined-benefit and defined-contribution plans.
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Other chapters within the Financial Accounting: Tutoring Solution course
- Introduction to Accounting: Tutoring Solution
- Financial Statements in Accounting: Tutoring Solution
- Mechanics of the Accounting Cycle: Tutoring Solution
- Adjusting Accounts and Preparing Financial Statements: Tutoring Solution
- Merchandising Operations and Inventory in Accounting: Tutoring Solution
- Current and Long-Term Liabilities in Accounting: Tutoring Solution