Read Ezekiel 45:10
This week’s study concerns banking and internal controls. It is important for companies and individuals to record transactions honestly and to report on past earnings and forecast future earnings with accuracy.
Forecasting is very important for people in business to know how to proceed with leading their companies in the right direction. Stakeholders need to see a true picture of financial performance in the balance sheets. Internal controls provide a system of checks and balances with auditing procedures to ensure the accuracy of bookkeeping from department to department. Additionally, independent audits from outside agents are often required to ensure the integrity of reporting to banks and the government.
Consider this:
- Can you find a verse to support the idea of honesty in business?
- How does accountability make for a better business environment?
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