Management WCM – Working Capital Management Working Capital is the capital needed in order to finance the ongoing business Working capital is mainly tied up in Cash Inventory Accounts receivable Logistikutbildning The Aim of improving WCM is always increased Profitability Logistikutbildning Reducing working capital improves cash flow... ...giving direct results on the profit A successful WCM project is not only a “financial” project but as much a matter of improving operational conditions
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MIS - MIB DMS - DBM - PGDM - BBM – DBA – PGDM www.mbacasestudyanswers.com www.casestudysolution.in aravind.banakar@gmail.com ARAVIND 09901366442 – 09902787224 AUDITING Q1) H.W.P. Private Ltd. Is having only two members H and W. During the audit of accounts for the year ended 31st March 2000‚ you as a auditor find that : a) H‚ who is incharge of purchases has introduced fictitious purchase bills of Rs 50 lakhs. b) W‚ who is incharge of sales has sold goods worth Rs 1 crore without bringing
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company. B. What are an auditor’s responsibilities under auditing standards to detect management fraud? An auditor should conduct an audit in accordance with GAAS and design procedures to provide reasonable assurance that material frauds that might misstate the financial statement are detected. C What are some characteristics of management fraud that an audit team should consider to fulfill the responsibilities under auditing standards? Auditors are concerned about the management fraud that
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1. The 2011 MGB Internal Audit Plan included an audit of the Institute’s Argentina Office (ARGENTINA) in Argentina. 2. MGB established this office in May 1996 by execution of an Agreement with the Government of Argentina to establish a‚ Argentina Regional Office. The Agreement provided international and diplomatic status to this office. The mission of the office as set down in the Agreement was to: 1. Monitor MGB’s activities in Argentina; 2. Develop research programs with national
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Diversity in the Workplace Professor Matthew Quinn December 8‚ 2013 Diversity Audit Company to Audit: Johnson And Johnson This diversity audit begins with a background about the company‚ as well as some important information about key Diversity executives. What will be addressed in the audit are what efforts Johnson & Johnson made to foster diversity competence and understand‚ what efforts were made in furthering the knowledge or awareness about diversity‚ what strategies were used to
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AUDIT PROGRAM DESIGN PART II Sales and Collection Cycle The objective in the audit of the sales and collection cycle is to evaluate whether the account balance affected by the cycle are fairly presented in accordance with accounting standards. There are five classes of transactions in the sales and collection cycle. • Sales • Cash Receipts • Sales returns and allowances • Write-off of uncollectible accounts • Estimate of bad debt expense (Arens‚ 2012‚ p.442) The Key control
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Cash? Or Everything That’s Not Cash? In the 1960’s‚ Frederick Herzberg told us that money is a lousy motivator. I have to disagree with this theory‚ based on the reasons people get jobs and my own personal working experience. There are many reasons people do get jobs‚ but most of the main reasons still stem back to money‚ whether is health insurance‚ free services through the employer‚ or the actual pay itself. There may be other types of motivators as well‚ but the main reason that person
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Complete accounting cycle For the past several years‚ Abby Brown has operated a part-time consulting business from her home. As of June 1‚ 2012‚ Abby decided to move to rented quarters and to operate the business‚ which was to be known as Square One Consulting‚ on a full-time basis. Square One Consulting entered into the following transactions during June: June 1. The following assets were received from Abby Brown: cash‚ $30‚000; accounts receivable‚ $7‚500; supplies‚ $2‚000; and office equipment
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Final project WORKING MANAGEMENT CAPITAL OF TEXTILE INDUSTRIES OF PAKISTAN THE UNIVERSITY OF LAHORE [pic] Submitted by: Muhammad Asim Malik Adil Rehman Imran Rabia Riaz Submitted to:- Sir Kashif Mushtaq In partial fulfillment of the requirement for the Degree of MBA [pic] Project Supervisor Sir Kashif Mushtaq _________________ Examiner-I Mr. Abdul Gafoor __________________ Examiner-II Mr. Junaid Khalid
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Cash vs. Credit Cards Brenda Hurtado ENG/130 October 15‚ 2014 James Iddings Cash vs. Credit Cards Which option is better for you? Caring around a credit card or having cash in your pockets? Each option is different for every person. Cash is better for people who do not know how to limit what they spend. Credit cards are for people who know to limit their spending. Because when it comes using cash‚ you do not have to worry about debt. Until you lose your cash‚ it is lost forever. But‚ if you have
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