Category Archives: Inventory

How to Evaluate Internal Controls –for Accountants        

evaluate internal controls

Accountants must know how to evaluate internal controls. Here’s a brief outline of what internal controls are and the COSO Framework for internal controls. Accountants need to know how to explain their methods for evaluating internal controls and recognize different types of deficiencies that can be present in organizations’ internal… Read more »

Little Known Factors That Impact Inventory

  What happened to my cash? This is a common question that business owners ask themselves all the time. Say, for example, that you invest $30,000 in cash into your business. Three months later, your cash balance is down to $10,000. If you’ve been generating a profit, the lower cash… Read more »