Accounting Chapter 4
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A periodic examination of a company's financial statements and the accounting systems, controls, and records that produce them.
A budget that projects the entity's future cash receipts and cash disbursements.
Investments such as time deposits, certificates of deposit, or high-grade government securities that are considered so similar to cash that they are combined with cash for financial purposes on the balance sheet.
The chief accounting officer of a business.
Mathematical rearranging of data within an electronic file to prevent unauthorized access to information.
An insurance policy taken out on employees who handle cash.
The three elements that are present in almost all cases of fraud. These elements are motive, opportunity, and rationalization on the part of the perpetrator.
Fraudulent Financial Reporting
Fraud perpetrated by management by preparing misleading financial statements.
A way to account for petty cash by maintaining a constant balance in the petty cash account, supported by the fund *cash plus payment tickets) totaling the same amount.
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