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ADMINISTRATIVE AND INTERNAL ACCOUNTING 2025

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The audit report by the State Controller's Office evaluates the California Department of Social Services' (CDSS) administrative and internal accounting controls over Accounts Receivable as of June 30, 2009. It identifies significant issues, including unprocessed delinquent accounts, inadequate internal controls for timely collection of salary advances, and limited success in collecting fines from care licensees. The report highlights a total estimated delinquent amount of $7.58 million that should be processed for discharge. CDSS management acknowledges these problems and is committed to addressing them, with a follow-up review planned in six months.

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What does internal accounting mean?

Internal accounting is a professional department responsible for collecting, processing and reporting financial and non-financial information within an organization or business. This information is used to support management and decision-making processes.

What is the difference between financial accounting and administrative accounting?

Financial accounting primarily focuses on historical data, ensuring accurate reporting of past financial transactions following accounting standards. Management accounting, however, incorporates not only historical data but also future-oriented elements like forecasts, budgets, and projections.

What is the difference between public accounting and internal accounting?

What is Public Accounting? While private accountants work internally for a specific company or organization, public accountants typically work on an external basis, providing their services to a range of clients like large corporations, non-profit businesses, small businesses, and other entities.

What are the types of internal account?

Internal Accounts checking. savings. cash. generalledger. loan. nonresident. overdraft. other.

What are the internal accounting and administrative controls?

Internal accounting controls are the various methods, mechanisms, and procedures that firms use to assure the validity and accuracy of their financial statements. These internal controls are implemented, maintained, and monitored by the companys senior management and the board.

What are the 5 internal controls in accounting?

Determining whether a particular internal control system is effective is a judgement resulting from an assessment of whether the five components - Control Environment, Risk Assessment, Control Activities, Information and Communication, and Monitoring - are present and functioning.

What is the difference between internal and external accounting?

For internal reporting, its more private we are pulling data and other information together to make decisions within the organization. External reports offer information that specifically relates to what the clients, sponsors, or partners need to know.

What is administrative accounting?

Administrative accounting, a subset of managerial accounting, involves a formal methodology for gathering, reporting, and evaluating financial data that deals with management planning and control. Administrative accounting duties are often carried out by an administrative accountant who is an employee of the company.

ADMINISTRATIVE AND INTERNAL ACCOUNTING 2025

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