Accounting Controls Definition Examples 3 Types Of Internal Controls
What are Accounting Controls? Accounting Controls are the measures and controls adopted by an organization that leads to increased efficiency and compliance and ensures thatFinancial statements are written reports prepared by a company’s management to present the company’s financial affairs over a given period (quarter, six monthly or yearly). These statements, which include the Balance Sheet, Income Statement, Cash Flows, and Shareholders Equity Statement, must be prepared in accordance with prescribed and standardized accounting standards to ensure uniformity in reporting at all levels....