COMPUTERIZED TRACKING SYSTEM IN THE ACCOUNTING OFFICE - PROVINCIAL CAPITOL OF APAYAO ______________________________________________________________________ A System Proposal Presented to the Faculty Graduate School Angeles University Foundation In Partial Fulfillment of the Requirements for the degree Master of Information Technology _____________________________________________________________________ By: Imelda M. Taguiam November 2012 CHAPTER 1 INTRODUCTION 1
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responsibility. Jeff is the custodian of the petty cash fund‚ and he should be the only one responsible for that petty cash fund. My recommendation for the company would be for another petty cash fund to be established for Jose when he is needed to fill in as custodian. This will ensure that if something should happen with that petty cash fund‚ Jeff will not be held responsible for Jose’s mistakes. Therefore‚ if Jose makes a mistake as custodian of his own petty cash fund‚ he will be the one held responsible
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cash disbursements is important for companies as most large thefts occur from payment of fictitious invoices. One key to controlling cash disbursements is to require all expenditures to be made by check. The only exception is small payments made from petty cash. Another key is to deny access to the accounting records to anyone other than the owner who has the authority to sign checks. A small business owner often signs checks and knows from personal contact that the items being paid for are actually
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transcribing of some information to other separate file copy to store a back-up files. During the succeeding days of my stay in Relation House Inc.‚ I was commanded by my superior to make summary of the expenses occurred for the replenishment of the petty cash fund and then sort & file the receipts. I also did Inventory Checking in the office and pantry with Krisha and Yoradel then update its count by making an Excel report of it as of the date we did it. While being trusted of the
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ACCM 4000 Accounting Principles Trimester 3‚ 2014 Tutorial 9 - Solutions Tutorial 9 Questions: Week beginning: 26/01/2015 Chapter 10 – Discussion Questions 1‚ 2‚ 6‚ & 8 Exercises 10.2‚ 10.3‚ 10.7‚ 10.9 & 10.10 Problems 10.7‚ 10.9 © John Wiley & Sons Australia‚ Ltd 2012 7.1 Solutions Manual to accompany Accounting 8e by Hoggett et al CHAPTER 10 CASH MANAGEMENT AND CONTROL DISCUSSION QUESTIONS SOLUTIONS 1. Explain the limitations of balance sheets‚ income statements and cash flow statements
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should be submitted with the monthly report. 6. All vouchers/payments should be approved by the Treasurer. B. The Petty Cash Fund 1. The petty cash fund is established to pay petty expenses or expenses of small amounts. These expenses do not require payment by check not is it practical to pay them by means of a check. 2. When the fund runs low‚ the Petty Cash Custodian prepares a Petty Cash Summary Report to replenish the Fund. This Fund must be kept in the imprest basis‚ that is‚ the total unreplenished
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Chapter One | | |Office Organisation | | | | |1.1 |WORK OF KEY DEPARTMENTS | | |Examples of Key Departments:
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who serves as treasurer and controller ‚ which can optimize the processes ‚ but it creates an inherent risk . Cashier handled informally . Accountant is so busy that the company handles the checkout bit differently . All employees have access to the petty cash drawer and just put a note asking if they use any of the cash. Recommendation: * Align the specific obligations of employees to
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internal control. 2 Identify the principles of internal control. 3 Explain the applications of internal control principles to cash receipts. 4 Explain the applications of internal control principles to cash disbursements. 5 Describe the operation of a petty cash fund. 6 Indicate the control features of a bank account. 7 Prepare a bank reconciliation. 8 Explain the reporting of The Navigator cash. ✓ The Navigator Scan Study Objectives Read Feature Story Read Preview ■ ■ ■ Read text and answer
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handles the cash and the other makes the recording. Cash disbursement are handled quite different but also applying same principles of internal control. Generally disbursements are made in the form of check instead of cash‚ with exceptions of petty cash transactions.
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