ACC 340 Discussion 4
Cash is King is a true statement because not only is cash excepted everywhere, but when managed
properly will keep a business's pro tability high and running smoothly on top. There are mul ple ways to
perpetrate cash fraud. One that comes to mind is data the . While it might not be cash in hand, it is s II
taking cash from the company. A company could be devastated if their trade secret or person
informa on is taken. Several internal controls could keep this from happening. These could be as small
as a strong password or purchasing so ware to alert on suspicious ac vi es. Performing proper
informa on disposal could also help, along with restric ng access to company informa on to speci c
personnel only
References
Bragg, Steven M. (2011). The controller's func on: The work of the managerial accountant. Hoboken,
New Jersey. John Wiley & Sons, Inc.