Business Administration

Tag: Cash Receipts

Skimming in Business

Feb 11, 2015

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by

David J Hoare MSA

in Terminology

Skimming is a generic term referring to taking a little bit off the top. In dairy, it refers to the cream at the top of the milk pail. With painting, it refers to a very thin coat of paint to identify imperfections with the wallboard. In business, it means taking a little bit of the revenue without…
Effective Internal Controls for Cash

Mar 18, 2013

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by

David J Hoare MSA

in Accounting Systems and Technology

All businesses should have internal controls to deter fraud, detect theft, and preserve assets. Effective internal controls for cash prevent the proverbial hand in the cookie jar.