PPT-Chapter 6 Internal Control, Cash, and Merchandise Sales

PowerPoint Authors Brandy Mackintosh Lindsay Heiser Learning Objective 61 Distinguish among service merchandising and manufacturing operations Operating Cycles Operating Cycles Sell. And 57375en 57375ere Were None meets the standard for Range of Reading and Level of Text Complexity for grade 8 Its structure pacing and universal appeal make it an appropriate reading choice for reluctant readers 57375e book also o57373ers students C. P. Mansoor Ahmed . M. Com PGDBA. 1. Internal Control. 2. Size – Operation. “Internal Control is best regarded as the whole system of controls, financial and otherwise, established by the management in the conduct of a business including internal check, internal audit and other forms of control.”. Chapter 12. 12-. 1. Learning Objectives. Describe the basic business activities and related information processing operations performed in the revenue cycle.. Discuss the key decisions that need to be made in the revenue cycle, and identify the information needed to make those decisions.. merchandising. VIRTUAL BUSINESS. RETAILING 3.0. In this unit, we will explore merchandising and its importance to store sales and profit. We will discuss merchandise plans, types of merchandise, and stock lists. The . Revenue . Cycle. COPYRIGHT © 2007 Thomson South-Western, a part of The Thomson Corporation. Thomson, the Star logo, and South-Western are trademarks used herein under license. . Objectives for Chapter 4. Internal Controls. Chapter 4 . Learning Objectives. Discuss the impact of accounting scandals and the passage of the Sarbanes-Oxley Act. Identify the components, responsibilities, and limitations of internal control. $120,000 available goods to sell. $25,000 not sold & on hand. $95,000 sold during fiscal period. EXAMPLE:. Balance sheet: current asset (Merchandise inventory). Physical count of inventory .  accuracy  lost, theft, damaged, returns. Cash. Cash represents currency on hand and cash on deposit in bank accounts including certificates of deposit, time deposits, and savings accounts.. Virtually all accounting transactions pass through the cash account at some point.. Fundamental Accounting. www.thailandaccount.com & www.ac13.tk. 2. Perpetual Inventory System. Comparison of Entries (Periodic with Perpetual). On July 20, purchased merchandise on credit, . terms 2/10, n/30, . Receipts. Learning Objectives. Explain and Journalize Entries for Sales, Sales Discounts, and Sales Returns and Allowances. Record to Subsidiary Ledgers and Post to General Ledger Sales Transactions and Returns. Cash Handling Cash Handling Policies and Procedures Cash Currency , coin, checks, money orders, travelers checks, credit cards, or debit cards. Cash Collection Centers Notify Controller if your department begins handling cash. Departments should not accept payments by currency without prior approval of the Controller’s Office. kindly visit us at www.examsdump.com. Prepare your certification exams with real time Certification Questions & Answers verified by experienced professionals! We make your certification journey easier as we provide you learning materials to help you to pass your exams from the first try. Professionally researched by Certified Trainers,our preparation materials contribute to industryshighest-99.6% pass rate among our customers. -. The . practice of . the European Commission’s Internal Audit Service . Mr Mirco . Barbero. . European . Commission, IAS.C1. The Internal Control Framework (ICF) in the European Commission (EC). Confirmation Session. June 6, . 2019. Agenda. FDM Overview. What . is a Confirmation Session. ?. What is a Cash Sale, Customer Invoice, and Internal Service Delivery?. Benefits. Workflow. Demo of Configuration of Business Processes.