202203 Aug

What Is in Accounts Receivable Policy Manual?

Summary

Accounting internal controls provide a system of checks and balances intended to identify irregularities, prevent waste, fraud and abuse from occurring, and assist in resolving discrepancies that are accidentally introduced in the operations of a business. Department managers and supervisors are responsible for identifying any additional documents needed to ensure the effective planning, operation and control of all financial processes. Additionally, management commitment is demonstrated through the Company Accounting Policy, the specific objectives that are set and reviewed during Management Review Meetings and by providing the resources required to meet objectives for continually improving the effectiveness of your operations and accounting system. The policies stated in your accounting manual apply to all operations and activities at your company. It is the responsibility of all employees to follow procedures that implement the accounting policies and to help strive for continuous improvement in all activities and processes.

Source: Bizmanualz

Classifications

Companies