Examlex
When expert gymnasts close their eyes while performing a somersault, they perform _____.
Internal Control Elements
Components of a framework designed to ensure the effectiveness and efficiency of operations, reliable financial reporting, and compliance with laws and regulations.
Petty Cash Fund
A small amount of cash kept on hand for minor, immediate expenses.
Cash Controls
Financial procedures and policies that are implemented to manage and monitor cash transactions, to prevent theft, fraud, or errors.
FASB Controls
Guidelines and standards established by the Financial Accounting Standards Board (FASB) to govern the financial reporting and accounting practices of companies in the United States.
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