FINANCIAL AND CYBER SECURITY CONTROL
This will be discussed in these areas - - Accounting records. - - Financial control and authorisation. - Budget & budgetary controls. - Cyber security. - Data security - Security of data in the cloud. The main law in economics is the law of scarcity. Resources are scarce but human wants are unlimited. There must be a way to control resources within and out of the business. ACCOUNTING RECORDS (a)Sales or Revenue-this track income to the business with dates (b)Purchases-This track all purchases made in the business with dates. (c)Inventory or stock records. (d) Cost of production or services per period. (e) Creditor or accounts payables. –keeps track of bill or creditors to pay. (f) Debtors or Accounts Receivabl...