Appendix B Cash Management Matrix
Axia College Material
Appendix B
Cash Management Matrix
Directions: Using the matrix, list how each of the principles of internal control works, and give an example for each. Next, list how each of the principles of cash management works, and give an example for each.
Principles of Internal Control | How it Works | Example | Establishment of responsibility | Giving one person a specific duty | A receiving clerk has to check in all the orders off of the delivery truck. | Segregation of duties | The work of one person should be reliable. | A ceo has to approve all transactions at the end of the day. | Documentation procedures | Documentation of events that have occurred. | Working in retail, managers have to keep track of all
Appendix B
Cash Management Matrix
Directions: Using the matrix, list how each of the principles of internal control works, and give an example for each. Next, list how each of the principles of cash management works, and give an example for each.
Principles of Internal Control | How it Works | Example | Establishment of responsibility | Giving one person a specific duty | A receiving clerk has to check in all the orders off of the delivery truck. | Segregation of duties | The work of one person should be reliable. | A ceo has to approve all transactions at the end of the day. | Documentation procedures | Documentation of events that have occurred. | Working in retail, managers have to keep track of all