4 El SauveForm a group and make each person responsible for the clues for one or two characters:Buddy FriendlyAnnie Flowers and Joey ClefTammie Salazar and Sally MelbourneFred “Flash” FranklinYour job is to use the clues associated with the six El Sauve employees and decide:Who is stealing the money?How is it being stolen?What could you do to stop the theft?
5 The GameStep 1 – Read the descriptions of each character in your hand out pages In your groups, decide who you think might be stealing?Step 2 – The CluesEach person should gather the Step 2 Clues from their character(s).Read your clues and provide a summary to your group members.You may record your assessment of the clues for each character on page 5.Hot clues might be important to the case.Cold clues are not important.Decide as a group who you think is responsible
6 The Game Continues Decide as a group who you think is responsible now. Step 3 – More CluesSend one person to gather the Step 3 clues from each characterHave someone from your group read each clue to the othersYou may record you assessment of those clues on page 5. Hot clues might be important to the case. Cold clues are not importantDecide as a group who you think is responsible now.
8 INTERNAL CONTROL CASHInternal Control consists of the plan of organization and all the related methods and measures adopted within a business to: Safeguard/protect assets from employee theft, robbery, and unauthorized use. Enhance the accuracy and reliability of its accounting records—reducing errors and mistakes and irregularities.
9 Step 4 Who is in a position to have access to the money? What procedures are in place to make sure that money is handled appropriately?What steps could the owner take to make sure this does not happen again?
10 Principles Of Internal Control Assignment Of ResponsibilitiesSeparation Of DutiesAccountability Of AssetsBonding Of Employees Who Handle Cash Rotating Employees’ Duties And Requiring Employees To Take VacationsEstablishment Of Petty Cash (Imprest Accounting System)
11 What Do Accountants Do?Prepare financial statements and balance sheetsPlan and implement Internal Control SystemsDetermine tax obligations – local, federal and stateIdentify the cost and set prices for products and servicesDetermine and distribute dividend to share holdersPrepare information for use in decision-making