Internal & Managerial Control “Internal (Management) Control is the set of accounting & administrative controls and practices that help ensure that approved and appropriate decisions are made in an organization” * in other words‚ to make sure that the right thing happens and the wrong thing does not happen‚ either purposely or accidentally Why Internal Control? 1. To safeguard the assets against waste‚ loss & misuse 2. Check the accuracy and reliability of accounting data
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Metro-Internal Overview of the Current Scenario Week1: Average Team Strength – 12; Average Productivity – 6.5 Week2: Average Team Strength – 10; Average Productivity – 7.2 Learning & Observations: 1) The market as a whole is quite receptive to the Cash & Carry concept saving a lot of effort in terms of making customer calls. 2) There is a major chunk of our prospective customers in the outskirts of the city; but many of them don’t have a valid business licence or don’t have
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Internal Assessment in Science Subjects – Biology (24% of final grade) Design – D Aspect 1 Aspect 2 Aspect 3 Defining the problem and selecting variables Controlling variables Developing a method for collection of data What IB want Formulates a focused problem/research question and identifies the relevant variables. Designs a method for the effective control of the variables. Develops a method that allows for the collection of sufficient relevant data. What you have to do Research question: You
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Internal scanning involves looking inside the farm business and identifying strengths and weaknesses and assessing the businesses’ resources and management’s skills. It is part of the strategic planning process. An overview of Strategic Planning for a Farm Business and how internal scanning fits into the planning process is available. Internal business scanning is comprised of the following three categories: 1. Farm Business - What are the unique strengths and limitations of your business? 2.
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FORCES OF GLOBALIZATION AND IMPACT TO STAKEHOLDERS INTRODUCTION Globalization can be defined as the process of social‚ political‚ economic‚ cultural and technological integration among countries around the world. However‚ globalization is frequently confused with internationalization. Internationalization increases the importance of international trade‚ international relations‚ treaties and alliance between nations (Herman E Daly‚ 1999). Internationalization works by penetrating another country
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Activity 3-Stakeholders‚ Categories & Responsibilities of Organizations 1. Describe the basic features that distinguish the four basic forms of business ownership: sole proprietorships‚ general partnerships‚ C corporations‚ and limited liability companies. Ownership of C corporation is represented by shares of the stock‚ or shareholders‚ it is the most common type of the business‚ where ownership to the shareholders offers a limited liability to all its owners. Limited liability companies
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to define and discuss the role and importance of stakeholders in an organization and their ability to influence the performance of the organization. Answer In general‚ a stakeholder can be one of two types: internal (within an organization) or external (outside of an organization). They can affect the firm’s vision and mission‚ are affected by the strategic outcomes achieved‚ and have enforceable claims on the firm’s performance. A stakeholder is typically concerned on the organisation’s results
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Strengths and Weaknesses • Goal: objective assessment of your strengths and weaknesses – relative to competitors – important to customers Note: This is difficult to do well. Strategic Business Planning for Commercial Producers Challenge of Internal Analysis • Identifying‚ developing‚ protecting‚ and deploying resources‚ capabilities‚ and core competencies Strategic Business Planning for Commercial Producers Resources • Inputs into a firm’s production process such as capital equipment
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Contents Internal Scan 2 Product 2 Value 4 Communication 4 People 5 Place 6 Traffic Analysis 7 Traffic Count: Fairweather 7 References 8 Internal Scan An internal scan is conducted in order to identify if the five factors of the retailing mix: product‚ value‚ communication‚ people‚ and place are present‚ and if they are working together in a way that it benefits a specific retailer. The purpose of this report is to determine if Fairweather’s retailing mix includes all five factors and if their
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#2 a. Preliminary conclusions: a. The 2 reports credit card and debit card transactions and the list of transactions declined by the bank do not have the same time scope. The first cover May 7-14 while the other covers May 6-14 b. One declined transaction is not in the list of the credit card and debit card transaction. Card 4567-3672-6919 dated May 10th 2011 with amount $34.69 c. 2 of the declined transactions were duplicate transactions in the credit card and debit card
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