The purpose of the publication is to analyze the internal control measures for current assets, taking into consideration relevant aspects such as the type of accounting measure required to establish an internal control position, since entities must have internal control processes in the administrative accounting management of their assets to ensure their certainty and reliability.
It is for this reason that current assets are characterized by an investment of funds, which includes all items of property that have a monetary value where the entity uses to meet financial obligations, therefore, requires establishing efficient accounting controls.
From this point of view, internal control plays an indispensable role for the management of assets as current assets, because, in the term of conventional accounting, the verification and intervention of control is needed in order to preserve the existence of the asset.
For the purposes of the present post the current as a monetary resource useful to the entity in function of dynamizing its financial operations during the commercial activity to which it is dedicated.
It is essential to know the methodology applied to the bank reconciliations with effect to the cash count occurred in each year-end closing or performance at the disposal of the corresponding entity.