Concept of Corporate Credit Cards - Report

Added on - 28 May 2020

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Running head: ACCOUNTING INFORMATION SYSTEMAccounting Information SystemName of Student:Name of University:Author’s Note:
1ACCOUNTING INFORMATION SYSTEMExecutive Summary:The aim of this report is to understand the concept of corporate credit cards understand itsuses and the accountant needs to decide or recommend to the CEO how he or she should decidethe distribution of corporate credit cards to the employees. The merits and demerits of the cardsare also stated clearly. Proper recommendations to the CEO are also provided in the end.
2ACCOUNTING INFORMATION SYSTEMTable of ContentsIntroduction:....................................................................................................................................4Sales procedure overview of the Bucks Phyz:.................................................................................4Evaluation of the internal control at implementation time by Bucks Phyz in the weeks to come:.5Review of the introduction of corporate credit cards and its impact:..............................................6Detailed review of benefits and risks due to the introduction of corporate credit cards:................7Benefits of corporate credit cards:...................................................................................................7Lesser amount of stress for employees:.......................................................................................7Shorter time for processing:.........................................................................................................7Additional benefits of the corporate credit cards:........................................................................7Tracking and control spending:...................................................................................................8Risks associated with the corporate credit cards:............................................................................8Personal expenses on the company card:.....................................................................................8Bad spending habits:....................................................................................................................8Theft of the cards:........................................................................................................................8Evaluation of internal controls that Bucks Phyz should employ in order to reduce the impact andincidence of risks:............................................................................................................................8Recommendations to the CEO:.......................................................................................................9References:....................................................................................................................................10
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