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April 1, 2015

Homework Help: accounting

Posted by Tony on Monday, May 10, 2010 at 11:43pm.

Cash Management Matrix For each principle in the matrix,describe how the principle ensures the reliability of a company's financial statements and provide at least one example of how the principle might work in a real company.
Principles of Internal Control
Establishment of responsibility
Segregation of duties
Documentation procedures
Physical, mechanical, and electronic controls.
Independent Internal verification.
Other controls.
Principles of Cash Management
Invest idle cash.
Plan the timing of major expenditures.
Delay payment of liabilities.
Keep Inventory levels low.
Increase the speed of collection on receivables.

(APPENDIX B)

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