Internal Control and its Importance

Running head: ACCOUNTING SYSTEM AND PROCESSES
Accounting System and Processes
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Author’s Note

ACCOUNTING SYSTEM AND PROCESSES
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Table of Contents
Answer to Question 1......................................................................................................................2
Answer to Question 2......................................................................................................................7
Answer to Question 3....................................................................................................................11
Introduction................................................................................................................................11
Discussion..................................................................................................................................11
Internal Control and its Importance...........................................................................................11
Threat of Employee Theft..........................................................................................................12
Three Possible Ways of Cash or Inventory Loss.......................................................................13
Implementation of Measures.....................................................................................................13
Conclusion.................................................................................................................................15
Answer to Question 4....................................................................................................................15
Reference.......................................................................................................................................18

ACCOUNTING SYSTEM AND PROCESSES
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Answer to Question 1
Part i
Part ii

ACCOUNTING SYSTEM AND PROCESSES
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