Week 5 Week 5: Internal Control, Reporting Cash, and Accounting for Receivables In this area, we will talk about the importance of internal control in a

Week 5 Week 5: Internal Control, Reporting Cash, and Accounting for Receivables

In this area, we will talk about the importance of internal control in a

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Week 5 Week 5: Internal Control, Reporting Cash, and Accounting for Receivables

In this area, we will talk about the importance of internal control in a business organization and the reporting of cash on the balance sheet as well as managing receivables and estimating uncollectible accounts.
Q.1 What is internal control, and what are the objectives of a well-designed internal control structure in an organization?

Notes:

1. Include in your post that you attended the live lecture

2. provide a summary of your key takeaways from the lecture

Book for references

Financial Accounting: Tools for Business Decision Making
9th Kimmel, Weygandt and Kieso
2019 Wiley

Week 5: Internal Control, Reporting Cash, and Accounting for Receivables

In this area, we will talk about the importance of internal control in a business organization and

the reporting of cash on the balance sheet as well as managing receivables and estimating

uncollectible accounts.

Q.1

What

is internal control, and what are the

objectives of a well

designed internal control

structure in an organization?

Notes:

1. Include in your post that you

attended

the live

lecture

2. provide a summary of your key takeaways from the lecture

Book for references

Financial Accounting: Tools for Business Decision Making

9

th

Kimmel, Weygandt and Kieso

2019 Wiley

Week 5: Internal Control, Reporting Cash, and Accounting for Receivables
In this area, we will talk about the importance of internal control in a business organization and
the reporting of cash on the balance sheet as well as managing receivables and estimating
uncollectible accounts.
Q.1 What is internal control, and what are the objectives of a well-designed internal control
structure in an organization?

Notes:
1. Include in your post that you attended the live lecture
2. provide a summary of your key takeaways from the lecture

Book for references
Financial Accounting: Tools for Business Decision Making 9
th
Kimmel, Weygandt and Kieso
2019 Wiley

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