organisational plan and all the related measures that an entity adopts to: * safeguard assets * encourage adherence to company policies * promote operational efficiency * ensure accurate and reliable accounting records. It is either an administrative control or an accounting control Characteristics of an effective internal control system include: * Competent‚ reliable‚ and ethical personnel * Assignment of responsibilities * Proper authorisation * Separation of duties
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The World Is Flat 3.0: A Brief History of the Twenty-First Century Thomas L. Friedman Introduction to the Paperback Edition Why go through all the trouble of writing a second expanded and updated version of The World Is Flat only a year after the first expanded version was published and a mere two years after the original? I can offer a very brief answer: because I could and because I had to. Precisely because of the powerful technological forces detailed in this book‚ the publishing industry
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Reading: Read the following text‚ and write a brief heading for each paragraph. Products and Brands 1………………………………………………………………… Marketing theorists tend to give the word product a very broad meaning‚ using it to refer to anything capable of satisfying a need or want. Thus services‚ activities‚ people (politicians‚ athletes‚ film stars)‚ places (holiday resorts)‚ organizations (hospitals‚ colleges‚ political parties)‚ and ideas‚ as well as physical objects offered for sale by retailers
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Text linguistics Module I. Classificationally meaningful characteristics of the text as an integral and independent object of investigation. Lecture 6. Conceptual variability of linguistic interpretations of the text essence and status and their reflections in the models of the text descriptions. Problem for discussion Evolution of the text description approaches. Models of the text descriptions. Grounds for the chosen models and schemes of the text descriptions
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for Fun………………………………... 12 “In learning you will teach‚ and in teaching you will learn” - Phil Collins Page (i) From The Editors’ Desk SAMHITA Dear Readers‚ Greetings from the Team FIRE@X. We bring to you yet another edition of Samhita. This edition has articles on some very thought provoking issues related to Industrial Relations. “The hands that rock the cradle have the power to rule the world”‚ goes a famous saying but it is only off late that these hands have been given their
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FINANCIAL ACCOUNTING I COURSE DESCRIPTION/OBJECTIVES The primary aim of Financial Accounting is to provide students with an introduction to the process and function of financial reporting. Whilst a large proportion of the course is aimed at understanding accounting as a process‚ taking a preparers‟ perspective‚ we will also seek to develop an understanding of the importance of the role of accounting in today’s society. LEARNING OUTCOMES After studying this course the student will be able to understand:
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HISTORY OF ACCOUNTING LEARNING OUTCOMES Understand the history of accounting dating from prehistoric times to written record keeping. Identify the seven preconditions for the emergence of systematic book keeping. Know Luca Pacioll contributions in introducing double entry book keeping. Accounting is a tool‚ invented by humankind‚ to fulfill needs of society. Unlike the explorers of the past who discovered new lands‚ accounting cannot in any true sense be said to have been discovered
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Challenge the Text "And she said maybe they got no rite to make me smart because if god wanted me to be smart he would have made me born that way." p. 16 If I could rewrite this part of the story I would add why he stands so strongly about his decision. Having a little background about the situation will give the reader a better and clearer understanding of why things are happening. Ask Questions "The more intelligent you become the more problems you’ll have‚ Charlie.’" p. 47 How far would
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(a) Briefly explain what prompted some countries over the world to strongly advocate harmonization of accounting. The important reasons which necessitate harmonization of accounting practices are well contained in the observation made by Saudagaran. “While the initial efforts at harmonization were mainly championed by political bodies and professional accounting organizations‚ current pressures to harmonize are driven by investor groups who use financial statements‚ multinational companies which
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Section A Under Case Study (Newspaper) HB Global 1. Types of audit opinion Qualified opinion * A qualified opinion report can result from a limitation on the scope of the audit or failure to follow generally accepted accounting principles Adverse opinion * It is used only when the auditor believes that the overall financial statements are so materiality misstated or misleading that they do not present fairly the financial position or results of operations and cash flows in conforming
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