evaluate controls for each of the four basic activities in the revenue cycle (sales order entry‚ shipping‚ billing‚ and cash collections). Required * a.For each control issue‚ write a Yes/No question such that a “No” answer represents a control weakness. For example‚ one question might be‚ “Are customer credit limits set and modified by a credit manager with no sales responsibility?” * b.For each Yes/No question‚ write a brief explanation of why a “No” answer represents a control weakness
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CHAPTER ONE INTRODUCTION 1.0 BACKGROUND OF THE STUDY Menstrual cycle is a process experienced by every female at one point in their life cycle. In the olden days a young lady experiences her first menstruation in her late teens or early twenties. In recent times‚ however‚ some begin their menstrual cycle as early as nine years. The age at menarche (the first time a girl or a young woman menstruates) is widely considered as an important landmark in sexual maturity. However it varies widely between
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Inventory turnover Viviana Palacios MGT521 Professor Edward Dempsey July 26‚ 2010 The investment of a company’s success depends on their inventory. Inventory turnover is a ratio showing how many times a company’s inventory is sold and replaced over the period of time. The risk of Kudler Fine Foods was to make sure that their perished goods had a fast inventory turnover rate. The importance of high inventory turnover was expected to protect the brand’s integrity and vision of keeping all goods
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The communication Cycle It involves people sending and receiving messages. We all communicate or send messages continuously. 1. A person has an idea. 2. They code their message(using words or non-verbal means) 3. They send their messages to someone else (e.gg by speaking) 4. A second person then receives the message (e.g. by hearing what has been said or by noticing non-verbal communication) 5. The second person decodes the message. 6. The message is understood. Once the original message has been
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The Inventory System Inventory management is a vital part of any retail business‚ whether it’s a traditional brick-and-mortar shop or an online Web site. Inventory management provides you with critical information about the condition of your products‚ such as whether you are low on stock and your inventory needs to be replenished. Inventory management also provides your customers with accurate information‚ letting them know when items are out-ofstock‚ back-ordered‚ or pre-orderable. Failure to provide
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18th May 2011 Table of Contents Need for Inventory Underlying Principles Current Philosophies of Inventory Mgmt Pros and Cons of IM Principles TOC and MEIO Primary Needs of an Effective IM System MapMySupplyChain 5/27/2011 Strictly Private & Confidential 2 Need for Inventory Inventory Need Principles Philosophies Pros and Cons TOC and MEIO Effective IM System MapMySupply Chsin To tide against Supply Chain Uncertainities – Transporter uncertainity‚ Supplier Lead Time
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Computerized Inventory System A Research Paper Presented to ACSI COLLEGE ILOILO In Partial Fulfillment of the Requirements in the Course of CSC209 System Analysis and Design (SAD) By: James Nick Amoroso Audrey Brillantes Renato Calubiran Jr Kristian Jebsen Germia Vicente Guarin Jr. Kristine Yap (BSCS II-A) Table of Contents Introduction Chapter I 1.1 Background of the Study . . . . . . . . . . 2 1.2 Statement of the Problem . . . . . . . . . . 3 1.3 Objectives of the
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have none‚ and 66.67% have tick over 5 years of starting business. And the people that need to standby for control of business‚ 22.22% tick only one person‚ 66.67% are 2-5 peoples‚ and 11.11% are in 6-10 people. Frequency Male Gender: Female 18-25 Age: 26-30 31-40 Over 41 Cell phone shop Book shop Type of Business Computer Cosmetic shop Less 1 year Type of starting year 2-3 4-5 Over 5 Control of business Only 1 person 1 1 1 2 0 6 2 11.11% 11.11% 11.11% 22.22% 0.0% 66.67% 22.22% 2 2 5 2 0 6 1 22.22%
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Revenue Cycle The revenue cycle is a set of four business activities: Sales order entry‚ shipping‚ billing and cash collections. To each of these activities there are related administrative organisational activities. It is all associated with providing the goods and services of a company to their customers and collecting the payments for these sales. Information about the revenue cycle activities also flows to the other accounting cycles which are: the expenditure cycle‚ the production cycle‚ the
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aspects of a business and was almost as important as having an investment: inventory management. Be it in barter system‚ small village livelihoods or up to the most basic unit of dealership‚ people had been knowledgeable of one of the simplest principle of inventory: the first-in-first-out approach. Having an inventory system keeps the business organized and efficient when it is maximized and managed accurately. Nowadays inventory management has come a long way and large companies will even spend high
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