Accounting Controls
Grade 1245 min
Learning Objective
I can evaluate the effectiveness of different accounting controls in preventing fraud and errors.
Lesson Flow
Watch Video
What are Internal Controls
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Practice
7 questions • Short answer
Exit Ticket
“A small nonprofit has one employee responsible for both receiving donations and recording them in the accounting system. Evaluate the effectiveness of this control in preventing fraud. A local charity requires two signatures on all checks above $500. Evaluate the effectiveness of this control in preventing unauthorized payments. ”
Teacher Guide
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- Answer keys for all questions
- Differentiation strategies
- Extension activities
- Printable student handouts
