Study sets matching "term:bonding = insurance coverage of employees who handle financial statements, records and cash"

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Study sets matching "term:bonding = insurance coverage of employees who handle financial statements, records and cash"

19 terms
Ch 6: Employee Fraud and the Audit of Cash
employee fraud
fraud triangle
pressure/ motivation/ incentive
opportunity
the use of fraudulent means to take money or other property f…
-includes pressure, opportunity and rationalization... -the fram…
-financial or emotional force pushing towards fraud; part of…
-ability to execute plan without being caught; part of the fr…
employee fraud
the use of fraudulent means to take money or other property f…
fraud triangle
-includes pressure, opportunity and rationalization... -the fram…
19 terms
Accounting Chapter 7: Fraud, Internal Control, And Cash
Fraud
Three parts of the fraud triangle
Sarbanes-Oxley Act
Internal control
A dishonest act by an employee that results in personal benef…
Opportunity, Financial Pressure, and Rationalization
Rule passed by Congress that all publicly traded U.S. corpora…
All related methods and measures within an organization to se…
Fraud
A dishonest act by an employee that results in personal benef…
Three parts of the fraud triangle
Opportunity, Financial Pressure, and Rationalization
Financial Accounting Chapter 7: Fraud, Internal Control and Cash
Fraud
The Fraud Triangle
Sarbanes Oxley Act
Internal Control
A dishonest act by employee that results in personal benefit…
Opportunity - ... Workplace environment provides opportunity tha…
1. Companies must pay attention to Internal Control.... 2. Corp.…
- Safeguards assets from employee theft, robbery, and unautho…
Fraud
A dishonest act by employee that results in personal benefit…
The Fraud Triangle
Opportunity - ... Workplace environment provides opportunity tha…
30 terms
Accounting 1111 Financial Accounting 7th ed Kimmel CH7
Bank Reconciliation
Bank statement
Bonding
Cash
The process of comparing the bank's account balance with the…
A statement received monthly from the bank that shows the dep…
Obtaining insurance protection against theft by employees
Resources that consist of coins, currency, checks, money orde…
Bank Reconciliation
The process of comparing the bank's account balance with the…
Bank statement
A statement received monthly from the bank that shows the dep…
50 terms
Obj. C8.02 Insurance
Actual Cash Value
Adhesion contract
Beneficiary
Binder
The value of an asset minus depreciation, also called book va…
A standard form contract in which parties must adhere to the…
Party (individual or business) who receives proceeds from a l…
An oral or written statement verifying insurance coverage bef…
Actual Cash Value
The value of an asset minus depreciation, also called book va…
Adhesion contract
A standard form contract in which parties must adhere to the…
27 terms
Accounting Chapter 4
Audit
bank collections
bank reconciliation
bank statement
a periodic examination of a company's financial statement and…
collection of money by a bank on behalf of a depositor
a document explaining the reasons for the difference between…
document showing the beginning and ending balance of a partic…
Audit
a periodic examination of a company's financial statement and…
bank collections
collection of money by a bank on behalf of a depositor
35 terms
Accounting Chapter 8
Internal controls... policies and procedu…
what is the sarabnes Oxley act?
purpose of this act
principles of internal controls
- protect assets... -ensure reliable accounting... -promote efficia…
requires managers and auditors of public companies to documen…
restore public confidence and trust in financial statements o…
-establish responsibilities... -maintain adequate records... -inure…
Internal controls... policies and procedu…
- protect assets... -ensure reliable accounting... -promote efficia…
what is the sarabnes Oxley act?
requires managers and auditors of public companies to documen…
27 terms
Financial Accounting Ch. 4
audit
bank of collections
bank reconciliation
bank statement
periodic examination of a company's financial statements and…
collection of money by the bank on behalf of a depositor
document of explaining the reasons for the difference between…
document showing the beginning and ending balances of a parti…
audit
periodic examination of a company's financial statements and…
bank of collections
collection of money by the bank on behalf of a depositor
32 terms
Chapter 4: Internal Control & Cash
audit
bank collections
bank reconciliation
bank statement
A periodic examination of a company's financial statements an…
Collection of money by the bank on behalf of the depositor.
A document explaining the reasons for the difference between…
Document showing the beginning and ending balances of a parti…
audit
A periodic examination of a company's financial statements an…
bank collections
Collection of money by the bank on behalf of the depositor.
Scott Bryant financial accounting Test 2
Audit
bank collections
bank reconciliation
bank statement
a periodic examination of a company's financial statements an…
collection of money by the bank on behalf of a depositor
a document explaining the reasons for the difference between…
document showing the beginning and ending balances of a parti…
Audit
a periodic examination of a company's financial statements an…
bank collections
collection of money by the bank on behalf of a depositor
30 terms
Fraud, Internal Control, and Cash (Chapter 7)
fraud
fraud triangle
The Sarbanes-Oxley Act (SOX)
Internal Control
a dishonest act by an employee that results in personal benef…
three main factors that contribute to fraudulent activity... 1.…
all publicly traded U.S. corporations are required to maintai…
consists of all the related methods and measures adopted with…
fraud
a dishonest act by an employee that results in personal benef…
fraud triangle
three main factors that contribute to fraudulent activity... 1.…
Chapter 7: Fraud, Internal Control, and Cash
Fraud
Examples of fraud
fraud triangle
Sarbanes-Oxley Act (SOX)
a dishonest act by and employee that results in personal bene…
diverting bill payments into a private account, a shipping cl…
opportunity, financial pressure, and rationalization
bill that requires all public US corporations to maintain an…
Fraud
a dishonest act by and employee that results in personal bene…
Examples of fraud
diverting bill payments into a private account, a shipping cl…
32 terms
Chapter 19 Pearson's Comprehensive Medical Assisting 3rd Edition
Accounting
Accounts payable (AP)
Accounts Receivable (AR)
American Bankers Association (ABA) num…
System of reporting the financial results of a business
Money that the medical office owes to vendors, suppliers, uti…
Money owed to the medical practice for services provided
Located in the upper right corner of a printed check
Accounting
System of reporting the financial results of a business
Accounts payable (AP)
Money that the medical office owes to vendors, suppliers, uti…
33 terms
Chapter 4: Internal Control & Cash
Audit
Bank Collections
Bank Reconcilliation
Bank Statement
A periodic examination of a company's financial statements an…
Collection of money by the bank on behalf of the depositor
A document explaining the reasons for the difference between…
Document showing the beginning and ending balances of a parti…
Audit
A periodic examination of a company's financial statements an…
Bank Collections
Collection of money by the bank on behalf of the depositor
27 terms
Chapter 7: Fraud, internal control, and cash
Bank reconciliation
Bank statement
Bonding
Cash
The process of comparing the bank's account balance with the…
A statement received monthly from the bank that shows the dep…
Obtaining insurance protection against theft by employee
Resources that consist of coins, currency, checks, money orde…
Bank reconciliation
The process of comparing the bank's account balance with the…
Bank statement
A statement received monthly from the bank that shows the dep…
20 terms
Financial Accounting Chapter 7
Bank Reconciliation
Bank Statement
Bonding
Cash
The process of comparing the bank's account balance, and expl…
A statement received monthly from the bank that shows the dep…
Obtaining insurance protection against theft by employees
Resources that consist of coins, currency, checks, money orde…
Bank Reconciliation
The process of comparing the bank's account balance, and expl…
Bank Statement
A statement received monthly from the bank that shows the dep…
Accounting
Bank Reconciliation
Bank Statement
Bonding
Cash
the process of comparing the banks account balance with the c…
A statement received monthly from the bank that shows the dep…
obtaining insurance protection against theft by employees
resources that consist of coins, currency, checks, money orde…
Bank Reconciliation
the process of comparing the banks account balance with the c…
Bank Statement
A statement received monthly from the bank that shows the dep…
22 terms
Chapter 9 - Cash Receipts, Cash Payments, and Banking Procedures
Bank Reconciliation Statement
Endorsement
Bonding
Canceled Check
A statement that accounts for all differences between the bal…
A written authorization that transfers ownership of a check.
The process by which employees are investigated by an insuran…
A check paid by the bank on which it was drawn
Bank Reconciliation Statement
A statement that accounts for all differences between the bal…
Endorsement
A written authorization that transfers ownership of a check.
42 terms
Chapter 6: Fundamental Financial Accounting Concepts
internal controls
accounting controls
administrative controls
separation of duties
policies and procedures used to provide reasonable assurance…
Procedures companies implement to safeguard assets and ensure…
concerned with evaluating performance and assessing the degre…
used as a deterrent to corruption; employees must work togeth…
internal controls
policies and procedures used to provide reasonable assurance…
accounting controls
Procedures companies implement to safeguard assets and ensure…
15 terms
Modern Real Estate Practice Chapter 19 Property Management
budget comparison statement
cash flow report
corrective maintenance
management agreement
Compares actual results with the original budget, often givin…
A monthly statement that details the financial status of the…
correction of problems after the have occured.
A contract between the owner of income property and a managem…
budget comparison statement
Compares actual results with the original budget, often givin…
cash flow report
A monthly statement that details the financial status of the…
15 terms
Chapter 6 Employee Fraud and the Audit of Cash- Vocabulary
Check kiting
Cutoff bank statement
Direct-effect illegal acts
Embezzlement
The practice of building up balances in one or more bank acco…
A client bank statement (usually sent directly to the auditor…
The violations of laws or government regulations by a company…
A type of fraud involving employees or none employees wrongfu…
Check kiting
The practice of building up balances in one or more bank acco…
Cutoff bank statement
A client bank statement (usually sent directly to the auditor…
Financial Accounting Chapter 4
Audit
Bank Collections
Bank Reconciliation
Bank Statement
A periodic examination of a company's financial statements an…
Collection of money by the bank on behalf of a depositor.
A document explaining the reasons for the difference between…
Document showing the beginning and ending balances of a parti…
Audit
A periodic examination of a company's financial statements an…
Bank Collections
Collection of money by the bank on behalf of a depositor.
8 terms
FInACC ch. 4
misappropriation of assets
fraudulent financial reporting
fraud triangle
internal control
fraud committed by employees who are in en entity to steal mo…
fraud committed by managers making false and misleading entries
motive, opportunity, rationalization
is a plan of organization and system of procedures implemente…
misappropriation of assets
fraud committed by employees who are in en entity to steal mo…
fraudulent financial reporting
fraud committed by managers making false and misleading entries
Financial Accounting ch.4
audit
bank collections
bank reconciliation
bank statement
a periodic examination of a company's financial statements…
collection of money by the bank on behalf bu dgetof a depos…
a document explaining the reasons for the difference betwee…
document showing the beginning and ending balances of a par…
audit
a periodic examination of a company's financial statements…
bank collections
collection of money by the bank on behalf bu dgetof a depos…
Chapter 4
Audit
Bank collections
Bank reconciliation
Bank statement
A periodic examination of a company's financial statements an…
Collection of money by the bank on behalf of a depositor
A document explaining the reasons for the difference between…
Document showing the beginning and ending balances of a parti…
Audit
A periodic examination of a company's financial statements an…
Bank collections
Collection of money by the bank on behalf of a depositor
Chapter 63 financial management in the dental office
Accounting
Accounts payable
Audit trail
Bonding
a system designed to maintain the financial records of a busi…
expenses and disbursements paid out from a business
method of tracking the accuracy and completeness of bookkeepi…
form of insurance that reimburses an employer for loss result…
Accounting
a system designed to maintain the financial records of a busi…
Accounts payable
expenses and disbursements paid out from a business
28 terms
Acct 2301 Chapter Four Vocab
Audit
Bank collections
Bank reconciliation
Bank statement
a periodic examination of a company's financial statements an…
collection of money by the bank on behalf of a depositor
a document explaining the reasons for the difference between…
document showing the beginning and ending balanced of a parti…
Audit
a periodic examination of a company's financial statements an…
Bank collections
collection of money by the bank on behalf of a depositor
145 terms
Insurance Vocab
Absolute Liability
Accident
Actual Cash Value (ACV)
Additional insured
Liability that arises from an extremely dangerous situation.…
A sudden and unexpected event, occurring at a specific time a…
The cost to replace an item of property at the time of loss,…
A person, firm, or corporation other than the Named Insured o…
Absolute Liability
Liability that arises from an extremely dangerous situation.…
Accident
A sudden and unexpected event, occurring at a specific time a…
33 terms
MDA Ch 63 Financial Management Dental Office Workbook
Accounting
Accounts payable
Audit trail
Bonding
A system designed to maintain the financial records of a busi…
Expenses and disbursements paid out from a business
Method of tracking the accuracy and completeness of bookkeepi…
Form of insurance that reimburses an employer for loss result…
Accounting
A system designed to maintain the financial records of a busi…
Accounts payable
Expenses and disbursements paid out from a business
49 terms
Financial Accounting, Chapter 7 Fraud, Internal Control, and Cash
Fraud
Fraud Triangle
Sarbanes-Oxley Act (SOX)
Public Company Accounting Oversight Bo…
A dishonest act by an employee that results in personal benef…
-Opportunity... -Financial Pressure... -Rationalization
All publicly traded U.S. Corporations are required to maintai…
establishes auditing standards and regulate auditor activity
Fraud
A dishonest act by an employee that results in personal benef…
Fraud Triangle
-Opportunity... -Financial Pressure... -Rationalization
30 terms
ch 63 financial management in the dental office
Accounting
Accounts payable
Bonding
Carrier
a system designed to maintain the financial records of a busi…
expenses and disbursements paid out from a business
form of insurance that reimburses an employer for loss result…
the insurance company that pays the claims and collects premi…
Accounting
a system designed to maintain the financial records of a busi…
Accounts payable
expenses and disbursements paid out from a business
34 terms
CH4 VOCAB
audit
external audits
bank collections
bank reconciliation
a periodic examination of a company's financial statements an…
usually performed by certified public accountants (CPA)
collection of money by the bank on behalf of a depositor
a document explaining the reasons for the difference between…
audit
a periodic examination of a company's financial statements an…
external audits
usually performed by certified public accountants (CPA)
25 terms
Accounting Chapter 7
Fraud
Opportunity*, Financial Pressure, and…
Sarbanes Oxley Act
Internal control
a dishonest act by an employee that results in personal benef…
3 parts to a fraud triangle
all publicly traded U.S. corporations are required to maintai…
consists of all the related measures and methods adopted with…
Fraud
a dishonest act by an employee that results in personal benef…
Opportunity*, Financial Pressure, and…
3 parts to a fraud triangle
31 terms
Insurance Vocabulary
Risk
Insurance
Premium
Deductible
Chance of loss or injury.
Contract that reimburses you for unexpected losses or damages…
A specific sum of money paid by the insured to the insurance…
A specified amount of money that the insured must pay before…
Risk
Chance of loss or injury.
Insurance
Contract that reimburses you for unexpected losses or damages…
42 terms
Financial Literacy Insurance TRiskerms
Risk
Risk Management
Avoiding Risk
Reducing Risk
The chance of loss from an event that cannot be entirely cont…
Managing what you might lose
Not doing something or being careful so you do not gain anymo…
Being safer
Risk
The chance of loss from an event that cannot be entirely cont…
Risk Management
Managing what you might lose
20 terms
Chapter 7: Fraud, Internal Control, and Cash
bank reconciliation
bank statement
bonding
cash
the process of comparing the bank's account balance with the…
a statement received monthly from the bank that shows the dep…
obtaining insurance protection against theft by employees
resources that consist of coins, currency, checks,money order…
bank reconciliation
the process of comparing the bank's account balance with the…
bank statement
a statement received monthly from the bank that shows the dep…
Chapter 63 Financial Management in the Dental Office
Accounting
Accounts payable
Audit trail
Bonding
a system designed to maintain the financial records of a busi…
expenses and disbursements paid out from a business
method of tracking the accuracy and completeness of bookkeepi…
form of insurance that reimburses an employer for loss result…
Accounting
a system designed to maintain the financial records of a busi…
Accounts payable
expenses and disbursements paid out from a business
32 terms
Insurance
Risk
Insurance
Premium
Deductible
Chance of loss from some type of danger
Guaranteeing your financial protection against various risks
Amount paid for an insurance policy
Small amount that the insured must pay before the insurance c…
Risk
Chance of loss from some type of danger
Insurance
Guaranteeing your financial protection against various risks
Accounting Ch. 4
audit
bank collections
bank reconciliation
bank statement
a periodic examination of a company's financial statements an…
collection of money by the bank on behalf of a depositor
a document explaining the reasons for the difference between…
document showing the beginning and ending balances of a parti…
audit
a periodic examination of a company's financial statements an…
bank collections
collection of money by the bank on behalf of a depositor
32 terms
ch 63 financial management in the dental office
Accounting
Accounts payable
Audit trail
Bonding
a system designed to maintain the financial records of a busi…
expenses and disbursements paid out from a business
method of tracking the accuracy and completeness of bookkeepi…
form of insurance that reimburses an employer for loss result…
Accounting
a system designed to maintain the financial records of a busi…
Accounts payable
expenses and disbursements paid out from a business
ME Business - Risk Management
business risk
risk management
economic risks
natural risks
the possibility of financial loss. Situations that can lead t…
the systematic process of managing an organization's risks to…
risks that result from changes in overall business conditions.
Risks caused by natural causes, such as floods, tornadoes, hu…
business risk
the possibility of financial loss. Situations that can lead t…
risk management
the systematic process of managing an organization's risks to…
ME Business - Unit 5
business risk
risk management
economic risks
natural risks
the possibility of financial loss. Situations that can lead t…
the systematic process of managing an organization's risks to…
risks that result from changes in overall business conditions.
Risks caused by natural causes, such as floods, tornadoes, hu…
business risk
the possibility of financial loss. Situations that can lead t…
risk management
the systematic process of managing an organization's risks to…
Property and Casualty Insurance Glossary
Absolute Liability
Actual Cash Value (ACV)
Additional Living Expenses
Aggregate Limit
liability that arises from an extremely dangerous situation;…
cost to replace an item of property at the time of loss, less…
a coverage designed to reimburse the insured the insured for…
a type of policy limit found in liability policies that limit…
Absolute Liability
liability that arises from an extremely dangerous situation;…
Actual Cash Value (ACV)
cost to replace an item of property at the time of loss, less…
165 terms
Insurance Terms
Absolute Liability
Accident
Actual Cash Value
Additional Insured
Liability that arises from an extremely dangerous situation
Sudden and unexpected event that occurs and causes damage
The cost to replace an item of property at the time of loss,…
Person, firm, or corporation that is protected against loss b…
Absolute Liability
Liability that arises from an extremely dangerous situation
Accident
Sudden and unexpected event that occurs and causes damage
09Vocab_Journals_CollegeAcct
Bonding
Cash Payments Journal
Cash Receipts Journal
Cash Register Proof
Insurance against losses through employee theft or mishandlin…
A special journal used to record transactions involving the p…
A special journal used to record transactions involving the r…
A verification that the amount of currency and coins in a cas…
Bonding
Insurance against losses through employee theft or mishandlin…
Cash Payments Journal
A special journal used to record transactions involving the p…
Insurance adjusting
Abandonment.
Actual cash value... (ACV)
ACV
Additional living expense... (ALV)
Relenquishing ownership of damaged property to the insurance…
Replacement cost of like kind and quality at the time of loss…
Actual cash value
Additional Living Expense
Abandonment.
Relenquishing ownership of damaged property to the insurance…
Actual cash value... (ACV)
Replacement cost of like kind and quality at the time of loss…
20 terms
ACCT207 Chapter 7: Fraud, Internal Control and Cash
bank reconcilliation
bank statement
bonding
cash
the process of comparing the bank's account balance with the…
a statement received monthly from the bank that shows the dep…
obtaining insurance protection against theft by employees
resources that consist of coins, currency, checks, money orde…
bank reconcilliation
the process of comparing the bank's account balance with the…
bank statement
a statement received monthly from the bank that shows the dep…
15 terms
Unit 19: Property Management
budget comparison statement
cash flow report
corrective maintenance
management agreement
compares actual results with the original budget, often givin…
a monthly statement that details the financial status of the…
correction of problems after they have occurred
a contract between the owner of income property and a managem…
budget comparison statement
compares actual results with the original budget, often givin…
cash flow report
a monthly statement that details the financial status of the…
15 terms
Unit 19: Property Management
budget comparison statement
cash flow report
corrective maintenance
management agreement
compares actual results with the original budget, often givin…
a monthly statement that details the financial status of the…
correction of problems after they have occurred
a contract between the owner of income property and a managem…
budget comparison statement
compares actual results with the original budget, often givin…
cash flow report
a monthly statement that details the financial status of the…
GA real estate Ch17
Budget comparison statement
Cash flow report
Community association management
Corrective maintenance
Compare his actual results with the original budget, often gi…
A monthly statement the details the financial status of the p…
Provides a team of property managers, accounting stuff, offic…
Correct problems after they have occurred
Budget comparison statement
Compare his actual results with the original budget, often gi…
Cash flow report
A monthly statement the details the financial status of the p…
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