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  • Physical Control Compare Cash Inventory With Accounting Records

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    tafsirmhin
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    The document discusses types of controls for accounting processes including segregation of duties, application controls, and general controls. Segregation of duties involves dividing accounting tasks among multiple people to prevent fraud. Application controls ensure accuracy for individual applications while general controls maintain overall system operation and support application controls by applying to many applications. Examples of general controls include access controls, program change controls, and data backup procedures.

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    Physical control Compare cash inventory with accounting records

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    The document discusses types of controls for accounting processes including segregation of duties, application controls, and general controls. Segregation of duties involves dividing accounting tasks among multiple people to prevent fraud. Application controls ensure accuracy for individual applications while general controls maintain overall system operation and support application controls by applying to many applications. Examples of general controls include access controls, program change controls, and data backup procedures.

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    5 views1 page

    Physical Control Compare Cash Inventory With Accounting Records

    Uploaded by

    tafsirmhin
    The document discusses types of controls for accounting processes including segregation of duties, application controls, and general controls. Segregation of duties involves dividing accounting tasks among multiple people to prevent fraud. Application controls ensure accuracy for individual applications while general controls maintain overall system operation and support application controls by applying to many applications. Examples of general controls include access controls, program change controls, and data backup procedures.

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    © All Rights Reserved
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    Physical control Compare cash inventory with accounting records.

    Cash count.
    Limit physical access to assets.
    Inventory store.
    Segregation of duties Number of people involved in accounting process.
    Difficult to occur fraud. & accidents.
    More Checking

    In what ways segregation of duties could take place?

    1. Segregation of function Transaction carries out.


    Recording.
    Maintaining.
    2. Segregation of Carry out transaction Steps in transaction.

    3. Segregation of accounting operation Some staff should not operate.

    What are that types IT control Procedure?

    1. Application controls.

    2. General controls.

    What is application control and general control? Differential.

    Application control Apply to individual application.


    Ensure.
    Transaction occurred, authorized, complete, and accurate.
    General control Apply to Many applications.
    Ensure.
    Continued proper operation of system.
    Supports application control.
    Difference Application control General control
    (a) Scope Individual application Many application
    (b) Control / Support Transaction input Application control

    Give some examples of general controls.

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