Question: need help please! Learning Objectives 1. Define intemal control and describe the components of intemal control and control procedures 2. Apply intemal controls to cash
Learning Objectives 1. Define intemal control and describe the components of intemal control and control procedures 2. Apply intemal controls to cash receipts 3. Apply internal controls to cash payments 4. Demonstrate the use of a bank account as a control device and prepare a bank reconciliation and related journal entries Directions You have just heard that the bookkeeper of the local worship center has embezzlement charges. She is paid $500 a month and she works alone. Her accounting records are sent to a CPA firm. She also drives a new Lexus. The worship center leadership described that she did volunteer for the job with no experience. Write at least 100 words that would detail what the leadership of the worship center should do now with internal control procedures. Name at least 2 Internal Control Procedures that the business can put into place. Grading Criteria This Discussion will be graded using a grading Rubric: 100 -point scale: 50 points for the original post made by the 4 th day of the Week the assignment is due, 25 point for responding to two peer posts (25 points total), 25 points for Quality posts including grammar, punctuation and spelling Learning Objectives 1. Define intemal control and describe the components of intemal control and control procedures 2. Apply intemal controls to cash receipts 3. Apply internal controls to cash payments 4. Demonstrate the use of a bank account as a control device and prepare a bank reconciliation and related journal entries Directions You have just heard that the bookkeeper of the local worship center has embezzlement charges. She is paid $500 a month and she works alone. Her accounting records are sent to a CPA firm. She also drives a new Lexus. The worship center leadership described that she did volunteer for the job with no experience. Write at least 100 words that would detail what the leadership of the worship center should do now with internal control procedures. Name at least 2 Internal Control Procedures that the business can put into place. Grading Criteria This Discussion will be graded using a grading Rubric: 100 -point scale: 50 points for the original post made by the 4 th day of the Week the assignment is due, 25 point for responding to two peer posts (25 points total), 25 points for Quality posts including grammar, punctuation and spelling
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