Case 3 Genuine Motor Products Genuine Motor Products‚ located in Northern Ohio‚ manufactures precision measuring devices to monitor exhaust emission systems for new and used automobiles. Its products are sold worldwide. The firm hired Mike Anton in January of 1999 as vice president in charge of manufacturing operations. Mike had a bachelor’s degree in industrial engineering from Case Western Reserve University and an MBA from Ohio State University. He had spent the last 15 years working for
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CASE-3 ATLANTIC HOME LOAN: I. Determine which category the case fits into: This case is diagnostic in nature and Albert Fiorini failed in checking the management failures. Based on the case facts‚ supposed to identify the lapse in control measures and propose solutions to them. II. Describe the case This case is talking about the illegal takeover of company “Atlanta Home Loan” by Albert’s partner cum manager Wilbur Washington. a. What are the facts of the case? Albert Fiorini (Al) founded
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Activity/Case Study 1. Explain why your college or university is a system and a subsystem? Answer: My college or university is a system because my university has a mission and vision to achieve their objective. Our college or university is a subsystem because our university is branch of main campus so like in the main campus we also implemented their mission and vision. 2. Observe activities in supermarket: Shoppers looking for aisles where they can find specific product; lines forming
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However‚ there have been issues associated with the efficiency and effectiveness of the same. Rampant leakages and corruption have made many of the schemes and programs dysfunctional. Direct Cash Transfer to the poor has been aimed to mitigate these malaises. Need for Direct cash Transfer: Recent studies by the Planning Commission have shown that the Public Distribution System has become so inefficient that 58% of the subsidized grains do not reach the targeted group and almost a third of
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Efficient Cash Management Upon preparation of cash budgets after forecasting the receipts and payments‚ the management will have knowledge about the cash position of the firm. After knowing the cash position‚ the management should work out the basic strategies to be employed to manage its cash. The strategies of cash management are essentially related to the cash turnover process‚ that is‚ the cash cycle together with the cash turnover. The cash cycle is the amount of time cash is tied up between
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of the future of our country. The 4P’s program is currently implemented by the Department of Social Welfare and Development (DSWD). It is conditional cash transfer program known as Pantawid Pamilyang Pilipino Program (4P’s) that had started in 2008 inspired by the success. The Pantawid Pamilya‚ is also widely known as the Philippine Conditional Cash Transfer program‚ it is a human development program of the National Government and a social protection strategy that invests in the health and education
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How to : Data Flow Diagrams (DFDs) Data Flow Diagrams (DFDs) Data flow diagram (DFD) is a picture of the movement of data between external entities and the processes and data stores within a system Order CUSTOMER Status Message Status Data 2.0 Shipping Confirmation In-Stock Request WAREHOUSE 1.0 Shipping Order Check Status Order Data D1 Pending Orders 3.0 Issue Status Messages Order Data Payment Invoice Manage Accounts Receivable 5.0 Accounting Data Accounts Receivable Data
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INVENTORY AND CASH MANAGEMENT SESSION 5 T Cash Can Be Managed as Inventory • Cash managed like inventory in manufacturing o Doesn’t mean physical cash; instead can be ‘quick’ financial instruments:短期国库券 checking accounts t-bills‚ o Demand for cash by organizations‚ individuals varies • Main concepts are: o Need to estimate ‘transactions demand’ o Models for changes in cash balances o Continuous cash management approach • Supply chain of physical cash o Think of advantages
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Petty Cash System Review (last 12 months) |Issue / Potential for Fraud |Fraud Rating |Date Incident Occurred |Notes | |No policy or procedures written up.|1 |Listed in the breakdowns below. |Many of the incidents or potential for fraud could be eliminated if there were documented | | | |
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Chapter 9 – Auditing the Expenditure Cycle Summary Purchases and Cash Disbursement Procedures Using Batch Processing Technology Many batch system functions are the same as those in a manual purchase system. The main difference is that the routine accounting tasks are automated. Data Processing Department: Step 1 – the purchasing process begins in the data processing department‚ where the inventory control function is performed. The revenue cycle (in retailing firms) or the conversion cycle
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