Accouting Essay

466 Words2 Pages
Accounting Speech Introduction: Good morning/afternoon Ms Pandora Fox and her fellow staff employees, My name is Tiffany Pham and I’m a junior accountant working for Good and Able partners. First of all I’d like to thank you all for attending and expressing interest in our firm’s consultancy services. I would also like to congratulate you and your staff for running a successful business having a rapid growth over a short period of time. Therefore it is already evident that you are very cable of managing your business effectively. After carefully observing the policies and procedure of your organization there are a few areas which have room for further improvement. With this, the presentation which I have prepared is beneficial as it will help improve the management and effectiveness of your business policies and practices. Throughout this presentation I will also focus and outline on how you can achieve good control over your most valuable assets, cash, inventories and non-current assets as well as control over accounts receivable and payable. Reference has been made to the need for controls when discussing the necessary accounting procedures for buying, selling and managing assets. Accounting controls manage the integrity of internal financial information and the accuracy of financial reports provided to outsiders. By establishing effective accounting control procedures early in your small business this will help to develop ethical financial management. When considering any accounting system, internal controls must be included. Internal controls are essential business tools and are designed to minimise errors in book keeping which has to process a load of detailed information and data. This ensures reliable financial reporting having effective and efficient operations. It also plays an important role in safeguarding the businesses assets against theft and

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