$2.99
To ensure that revenue collected is recorded fully and in the correct period.
Objective:
To ensure that revenue collected is recorded fully and in the correct period.
“…Income audit must review all “Unsettled Checks” reports to ensure that the checks were settled on the subsequent shift and any left unsettled by the evening cashier…”
Details:
File Size: 23 KB
File Format: Word
Print Length: 01 page
Publication Date: November 18, 2016
Language: English
Editable: Yes
In order for the accounting department to achieve maximum effectiveness and efficiency with sufficient internal controls in place to prevent errors and frauds, the department should be organized by operational functions with proper segregation of duties.
To encourage an efficient and active management of all the Hotel’s cash resources and thereby maximize earnings through reduced short term borrowings and increased deposit interest income.
To guarantee the cash float safety and ensure that the cash float amount is adapted to the activity of the related outlet.
