Accounting Controls
Grade 12•45 minutes
Learning Objective
I can evaluate the effectiveness of different accounting controls in preventing fraud and errors.
Practice Questions
This lesson includes 7 practice questions to reinforce learning.
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1. Define "internal control" as it relates to nonprofit organizations and explain its primary purpose.
2. Describe how a system of internal controls acts like a chain, and what happens when one link in the chain is broken.
3. Explain the importance of protecting people, not just assets, through internal controls. Provide an example of how an internal control can protect an employee.
...and 4 more questions
Educational Video
What are Internal Controls
Aplos