
fincon 3
Authored by Kerth Arnante
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43 questions
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1.
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30 sec • 1 pt
Most important function of the controller: Create and maintain the corporate financial control system.
2.
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30 sec • 1 pt
BASIC ELEMENTS This are set of procedures established to achieve the specific objectives of an organization.
3.
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30 sec • 1 pt
Types of controls: - Defined as the plan of organization and all methods and procedures that are concerned with the safeguarding of assets and the reliability of the financial records.
4.
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30 sec • 1 pt
Types of controls: - Comprise the plan of organization and all methods and procedures that relate to operational efficiency and adherence to managerial policies.
5.
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30 sec • 1 pt
Types of controls: - Concerns the establishment of policy and basic guidelines by which an enterprise will be directed as a means of achieving the business objectives.
6.
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30 sec • 1 pt
Two parts of internal control structure: The corporate atmosphere in which the accounting controls exist and in which the financial statements are prepared.
7.
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30 sec • 1 pt
Two parts of internal control structure: The proper direction of the accounting system is one of the principal responsibilities of the controller.
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