Chapter+8+-+Internal+Control+Skits+Presentation+Assignment

According to our textbook, **internal control** consists of the policies and procedures within an organization that aid in the following objectives:


 * 1. optimize the utilization of resources to reduce waste and inefficiencies **
 * 2. prevent and detect errors and intentional mistakes in accounting procedures **
 * 3. safeguard assets from theft and unauthorized use **
 * 4. maintain reliable control systems to enhance security and reliability of accounting records **

**__Assignment__** For this assignment, you and your partners will prepare and present __two__ role play skits highlighting __one__ of the principles of internal control described below with respect to either __cash receipts__ or __cash disbursements__.

The first skit will highlight __improper__ usage of your selected internal control principle, while the second skit will highlight __proper__ usage of your selected internal control principle.

Each skit should be approximately __one to two minutes__ in length and feature __all__ members of your team.

You must prepare proper scripts (roles and dialogue) for this assignment – that said, ultimately you will only be evaluated on the __performance__ of your script.

 Please do your best to rehearse and memorize your lines so that you can perform your roles on stage without the aid of your scripts.

Coarse language or offensive material is __not__ permitted. You are, however, encouraged to use humour in order to enhance the entertainment value of your skits. Props and costumes are also highly recommended.

Please read pages **372-378 in the textbook** in order to prepare for this assignment. You should also refer to the **illustrations on pages 380 and 382.**

The **six principles of internal control** are as follows:

1. authorization of transactions and activities; establishment of responsibility 2. segregation of duties <span style="font-family: Arial,Helvetica,sans-serif;">3. documentation procedures <span style="font-family: Arial,Helvetica,sans-serif;">4. safeguarding assets and records using physical, mechanical and electronic controls <span style="font-family: Arial,Helvetica,sans-serif;">5. independent verification <span style="font-family: Arial,Helvetica,sans-serif;">6. other controls including bonding of employees, rotating employees' duties, requiring staff to take vacations, daily deposits and stamping invoices

<span style="font-family: Arial,Helvetica,sans-serif;">Your mark on this assignment will be based on the following criteria:
 * __<span style="font-family: Arial,Helvetica,sans-serif;">Evaluation __**

<span style="font-family: Arial,Helvetica,sans-serif;">**k/u** - content variables (understanding of internal control principle) 6 7 8 9 10

<span style="font-family: Arial,Helvetica,sans-serif;">**comm** - language variables (appropriateness of grammar and vocabulary) 6 7 8 9 10

<span style="font-family: Arial,Helvetica,sans-serif;">**think** - presentation variables (creativity, originality, preparation and organization of skit) 6 7 8 9 10

<span style="font-family: Arial,Helvetica,sans-serif;">**app** - individual delivery variables (quality of info transmission including voice variables and body language) 6 7 8 9 10