of Internal Control to Cash Receipts ---Cash receipts may result from cash sales; collections on account from customers; the receipt of interest‚ rents‚ and dividends; investments by owners; bank loans; and proceeds from the sale of noncurrent assets. ---The following internal control principles explained earlier apply to cash receipts transactions as shown: Establishment of responsibility - Only designated personnel (cashiers) are authorized to handle cash receipts. Segregation
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1. Division of Labour This principle states that work can be performed more efficiently and productively if it is divided into smaller elements and assigning these specific elements to specific workers. This is similar to one best way of doing job as in scientific management and job specialisation in Bureaucracy. Each employee or a group of employee performs a specific task. Division of labour according to job specialisation is the main function. 2. Authority Authority is the given power (
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Antenna Basics Theory Basic terms Basic antenna types 1 ©Kathrein/Scholz 07/04 Antenna Basics / Theory What is an antenna ? An antenna is the converter between two kinds of electromagnetic waves : cable bounded waves ⇔ free space waves 2 ©Kathrein/Scholz 07/04 Antenna Basics / Theory antenna principle shown by bending a coax cable open the pulsing electrical field‚ created by the transmitter‘s high frequency power‚ cannot leave the cable the field lines
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UNIT 5: ACCOUNTING FOR DEBENTURES LEARNING OBJECTIVES I) II) III) IV) V) VI) VII) IX) X) Understand the meaning and features of debentures. Differentiate between shares and debentures. Understand different classes of debentures Journal entries regarding issue of debentures for cash and for consideration other than cash. Accounting treatment of debentures issued as collateral security Accounting treatment of issue and redemption of debentures at par‚ discount and at premium. Understand the methods
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Chapter 9 – Auditing the Expenditure Cycle Summary Purchases and Cash Disbursement Procedures Using Batch Processing Technology Many batch system functions are the same as those in a manual purchase system. The main difference is that the routine accounting tasks are automated. Data Processing Department: Step 1 – the purchasing process begins in the data processing department‚ where the inventory control function is performed. The revenue cycle (in retailing firms) or the conversion cycle
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MGT 101 – Principles of Management SWOT Analysis Wal-Mart 11/03/2013 SWOT Analysis of Company Name S – Strengths: The strengths of Wal-Mart are many. First‚ it is its sales volume. 200 million people visit 10‚800 stores weekly worldwide. Its business model of increasing sales by lowering prices works very well for them. Wal-Mart deals directly with producers from local farmers to major product manufactures. This strategy allows them to secure the lowest prices possible for
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Cash Transfers to end poverty – Over-ambitious economic policy or a welcome change to eliminate corruption in the Public Distribution System? A study of the benefits of the Cash Transfer scheme to India’s poorest and its economic viability Shrinidhi Rao 210063 Word Count – 3501 [including footnotes] Introduction – From January 1st‚ 2013‚ hundreds of thousands of India’s poor across 20 districts will benefit from the logical end of signing on to
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Accrual and Cash Accounting Beverly Clarkson September 19‚ 2014 XACC/290 Principles of Accounting Terri O’Neill-Martin Accrual and Cash Accounting These are two methods of keeping track of income and expenses in a business‚ (accrual and cash accounting). Accrual and cash accounting difference
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Cash account and accrual accounting are two separate methods that are similar in many aspects except when it comes to debits and credits. Cash accounting is also known to be called cash basis accounting. This approach allows for the recognition of income at the time it is received. That means that invoiced income is not counted as an asset until payment for the invoice has been received and vice versa for debits and expenses. Accrual accounting does not recognize any income until it is actually earned
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Assignment II: Business Basics Biogen Idec Biogen Idec is a global biotechnology company focused on discovering‚ developing‚ manufacturing and marketing therapies for the treatment of multiple sclerosis and other autoimmune disorders‚ neurodegenerative diseases and haemophilia. Biogen Idec was formed in 2003 from the merger of two companies‚ Biogen Inc.‚ founded in 1978‚ and IDEC Pharmaceuticals Corporation‚ founded in 1985. It is one of the largest biotechnology companies in the world. Biogen
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