m中山大學管捏學院 经m00 BUSINESS SUN YAT-SEN UNIVERSIT Lesson 12 Internal control and Business ethnics ask team of TJADA/EAML AOJANAVA School of Business, Sun Yat-sen University
Lesson 12 Internal Control and Business Ethnics Task Team of FUNDAMENTAL ACCOUNTING School of Business, Sun Yat-sen University
Outline Q The Fundamental Principles of Internal Control Internal Control to Cash Q Explain and record Petty Cash Fund Transactions. Q Prepare a Bank Reconciliation Exploring the Concept of accounting ethics Q Accounting Ethics and Social Responsibilities Q Accounting Ethics and Decision Making Task Team of FUndaMientalactoUntING Business Sehool. Sun Yatsen niversity
2 Outline ⧫ The Fundamental Principles of Internal Control ⧫ Internal Control to Cash ⧫ Explain and Record Petty Cash Fund Transactions. ⧫ Prepare a Bank Reconciliation ⧫ Exploring the Concept of Accounting Ethics ⧫ Accounting Ethics and Social Responsibilities ⧫ Accounting Ethics and Decision Making
Opening Story ◆ The failure of firms and internal control D Enron D Worldcom D CAO Task Team of FUndaMientalactoUntING Business Sehool. Sun Yatsen niversity 3
3 Opening Story ⧫The Failure of Firms and Internal Control Enron Worldcom CAO
Opening Story ◆ China Aviation oil (Singapore)Corp , an overseas arm of chinas main jet-fuel supplier, revealed the end of 2004 OsT TRANSPARENT that it has racked up about COMPAHY AWARD 2002 WINNER S550 million in trading Ou Luton w s (upest related losses Ranked 29th most transparent company Task Team of FUndaMientalactoUntING Business Sehool. Sun Yatsen niversity
4 Opening Story ⧫China Aviation Oil (Singapore) Corp., an overseas arm of China's main jet-fuel supplier, revealed the end of 2004 that it has racked up about $550 million in tradingrelated losses. Ranked 29th most transparent company
Today's organizations are concerned abouth ◆ Risk Management ◆ Governance ◆ Control Q AsSurance(and Consulting) Task Team of FUndaMientalactoUntING Business Sehool. Sun Yatsen niversity 5
5 Today’s organizations are concerned about: ⧫Risk Management ⧫Governance ⧫Control ⧫Assurance (and Consulting)