Case 3.5 Goodner Bothers Inc. 1. Internal controls should have included these controls; -Adequate security for the inventory -Better periodic verification of inventory -Segregated duties when it comes to inventory -Proper supervision for sales transactions and the procedures that they employ to record them -Proper authorization by management for inventory transactions 2. Internal control weaknesses - Lack of segregation of duties involving sales and recording -Security controls over
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capital for its own strategic entry into pharmaceuticals. RP could not buy Rorer either in cash or shares due to the following factors: First‚ RP had limited ability to pay with borrowed cash. The company was more levered than other firms in the industry. Rhône-Poulenc didn’t want to borrow all the cash because it would have affected in a negative way to its balance sheet despite the fact that it borrowed for the cash portion of the deal. Second‚ Rhône-Poulenc couldn’t pay with internally generated
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INTRODUCTION Based on the case study that I have read‚ this case study shows the conversation between managers. They are having a conversation between managers at Eckel Industries which is Tom‚ Jim‚ Max and Lynne. They are discussing a few factors that may affect the staff evaluation score. Tom‚ which is the first speaker said that evaluating is a hard process. In which way that‚ emotions can affect the evaluation scores. But according to Jim‚ he state that scales are the problem. This is due to
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and Apple Computer‚ Inc. Case Analysis Dubinsky’s primary mistake was relying on her position and reputation rather than mounting an effective‚ persuasive‚ and fact-based argument. As noted by Jay Conger in The Necessary Art of Persuasion‚ today’s employees are not content to accept a decree from above and seek to understand the reasons behind a decision. She should have taken Jobs’ JIT proposal seriously from the beginning and‚ as soon as she heard of it‚ worked to make her case affirmatively using
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According to the study based on Livent‚ Inc.- An Instructional Case‚ The former senior management of Livent engaged in a multi-faceted and fraud accounting since eight years. As a further result of the scheme‚ Drabinsky and Gottlieb’s elaborated their Fraudulent Kickbacks‚ Fraudulent Manipulation of Livent’s Books and Records to accomplish in quarterly periods and meet the earnings which they provided to Wall Street analysts. Further more three Accounting Manipulations were found by transferring
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Textile industry Textile industry is an industry that manufactures products range from hi-tech synthetic yams to wool fabrics‚ cotton bed linen to industrial filters. According to Mr Settimi the sector employs over 205 million workers and majority of those workers are women. Industry includes the following divisions: initial processing of textile raw materials‚ fulling and felting‚ and the production of cotton fabrics‚ linen fabrics‚ wool fabrics‚ silk fabrics‚ nonwoven materials‚ hemp and jute
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MEMORANDUM TO: Mayra Reid‚ Vice President of Production‚ Blue Inc. FROM: Market Analyst. DATE: April 23‚ 2011 SUBJECT: Final Sales Forecasts and Predictions. In response to Blues Inc. efforts to maintain a profitable business and maintain continues growth‚ the market analyst has evaluated the market and Blues Inc.’s financial information and made some decisions that will positively impact the forecasted sales of Blue Inc. The decision made by the analyst on the first week was to increase
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Custom Fabricators‚ Inc. Case Study With the constant change in demand‚ businesses must consistently review various strategies‚ customer needs and core competencies to determine all are in align with the company purpose and mission. Manufacturing companies are endeavoring to be order winners in the various markets today. They must differentiate between the competition and core competencies in a very challenging economy. Custom Fabricators‚ Inc has been the primary manufacturing company for Orleans
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COMES NOW Canterra Energy Corp. (“Canterra”)‚ and Avpro‚ Inc.‚ (“Avpro”) by and through their undersigned counsel‚ and files this Consent Motion to Extend Time to respond to 50NL’s Motion To Enforce Subpoena and Compel Production of Documents By Non-Party Avpro‚ Inc. pursuant to Md. Rule 1-204‚ and in support thereof states as follows: 1. This discovery dispute arises from an action pending in the District Court of Oklahoma County‚ Oklahoma‚ involving the contemplated—but ultimately unconsummated—sale
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ELEKTRA PRODUCTS‚ INC. CASE ANALYSIS REPORT I. BACKGROUND: As to the Company: Elektra Products‚ Inc. is an 80 year old company‚ publicly held and had once been a leading manufacturer and retailer of electrical products and supplies. Challenges that have to be addressed: In recent years‚ the company experienced a host of problems as follows: declining market share due to increased foreign and domestic competition; new product ideas were few and far between; departments such as manufacturing and
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