Please enable JavaScript.
Coggle requires JavaScript to display documents.
INVESTMENT, FINANCE CYCLES & EFT PAYMENT CONTROLS - Coggle Diagram
INVESTMENT, FINANCE CYCLES & EFT PAYMENT CONTROLS
-
Capital budgets, Fixed Asset requisition, invoices
-
-
Prospectus,Share certificate, Journal voucher etc
- Investment activities: additions, disposal, repair and maintenance of fixed assets
-
Occurrence/Validity, authorisation, completeness, accuracy, recording, classification, cuff off & general controls.
5. Internal controls: control activities that the organisation should implement to ensure they achieve the desired objectives
Examples: Recorded assets are periodically compared to physical assets by an independent
senior official
-
-
Fixed assets are, as far as possible, stored in permanent form (bolted)
-