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Courtney can count and knows that if she has an apple in each hand,she has two apples.If,however,you ask her to think about having an apple in each hand and then tell you how many apples she has,she cannot solve the problem.Courtney
Bank Reconciliation
The process of matching and comparing figures from accounting records against those presented on a bank statement.
Cancelled Cheques
Cheques that have been processed by the bank, serving as proof that a payment was made.
Segregation of Duties
A risk management practice that divides responsibilities among different individuals or teams to reduce the risk of error or fraud.
Collusion
A secret agreement or cooperation between two or more parties, often for a fraudulent or deceitful purpose, especially to cheat or deceive others.
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