Internal Accounting Control at Kojach Pharm Limited

Research Paper (postgraduate) from the year 2014 in the subject Business economics - Economic Policy, grade: B, Atlantic International University (School of Business and Economics), course: Ph.D. Economics, language: English, abstract: In any organization, cash receipts are easily pilfered if they are not taken care of properly that is why every organization Cashiers must record cash receipts immediately in the cash books. In the case whereby control systems in the organization are not effective enough to eliminate errors or frauds to ensure protection or safeguarding of assets, the completeness accuracy and reliability of the accounting records may not be achieved. Every organization need internal accounting controls to ensure that the overall operational policies governing accounting operations are adhered to so that the financial resources of the organization might not be pilfered. This study analyses the accuracy and completeness of the accounting records after the entry of transactions so that there is a complete and accurate reflection on the operations of the organization (Kojach Pharma limited).