The Lessee Essay example

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Internal Control Vick Hu is the Accounting Manager of industry, and for the Accounting Department. She has been with the company for over 18 years. Saldonido have has been in the Accounting for business for 28 years and she love her career as accountant and she is proud of it. ABM using computer based accounting system. In recent years before the computer became popular, they were using the accounting manually. The industry has been in existence for over 100 years. As an accounting manager, Saldonido has worked for this company for a long time before she became the accounting manager in the department at. She controlled the Accountants, Clerks (Accounting Clerk, Cash Applications Clerk which is also known as Account Receivable, Account Payable, and Payroll Clerks). Cash Application Clerk is a new position in the company. The position became existence few years ago and Saldonido needed help in the accounting department, the company added this position to the accounting department. The Human Resource department at FOO industry do a background check on every employees they hire and it is very important for the company too. The company believes that it is important to hire qualified individuals that will contribute to the overall strategic success of ABM. Background checks serve as an important part of the selection process at ABM. Background check information is collected as a means of promoting a safe work environment for current and future employees, customers and vendors. It also assist the company to obtain additional applicant’s overall employability, ensuring the protection of the current people, assets and other information of the company. The reason why the background check is important in the company was that, in most cases, there was few people who lie about working for corporations having a degree. There was an individual that was hired in the company; he lied about his occupation and the school he attended. The company found out about it, since then the HR has doing an investigation their applicants. As an FOO industry, they took over many properties such as Ampco System Parking and so on. The company does have a segregation of duties such as Authorization, Recording, and Custody.
Authorization: Payrolls do the prepared the transactions such as checks and the head of the Accounting department sees the transactions, and make the decision, while the accounting manager does the final approving of the checks or transaction before it is being sent out to the clients.
Recording: The Accountants does the paper works for all documents such as; Statements: preliminary statements, A/P details, back-ups for the statements and the finals, Journal entries, error correction, Landowners statements and so on. The Account payable prepares the back-ups for the statements and to make sure all this information are accurate. While the Accounting Clerks do the preparation of the statements, Journal entries, Revenue data entry and monthly parking maintenance. Maintain filing and monthly storage of Daily reports and other project and duties assigned by the accounting manager or the controller.
Custody: the payroll department handles cash or check, while Accounts Payable also handle the tools, inventory, receiving
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