Internal Controls and Importance
Not what you're looking for?
Could you please help me with this topic?:
What are internal controls? Why are they important? Provide some examples of internal controls.
Purchase this Solution
Solution Summary
The 357 word solution provides an explanation of internal controls and why they are important. Additionally, this solution provides several examples of internal controls to illustrate the concept. It also includes a complete list of reference sources for further investigation of the topic.
Solution Preview
What are internal controls?
Internal controls are system policies and procedures that are designed to safeguard assets and to insure that a consistent system is installed and operating in order to produce valid and accurate information in an accounting system.
In the following link is a group of definitions from a number of sources intended to explain what internal controls are designed to do: ...
Purchase this Solution
Free BrainMass Quizzes
Employee Orientation
Test your knowledge of employee orientation with this fun and informative quiz. This quiz is meant for beginner and advanced students as well as professionals already working in the HR field.
Academic Reading and Writing: Critical Thinking
Importance of Critical Thinking
Understanding the Accounting Equation
These 10 questions help a new student of accounting to understand the basic premise of accounting and how it is applied to the business world.
Basics of corporate finance
These questions will test you on your knowledge of finance.
Six Sigma for Process Improvement
A high level understanding of Six Sigma and what it is all about. This just gives you a glimpse of Six Sigma which entails more in-depth knowledge of processes and techniques.