Case Study 2-Internal Controls 2014 ACCT 504 Table of Contents I) Introduction II) Internal Control Requirements-Sarbanes/Oxley Act III) Internal Controls-Strengths IV) Internal Controls-Opportunities for Improvement Introduction It has come to the attention of the president of LJB Company that an evaluation is needed to determine the reliability and level of compliance of the company’s
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Aravind eye care hospital in India Framework/description of the situation In 1992‚ over 30 million cases of blindness existed all over the world‚ with more than 90% in Asia and Africa. Of this‚ India had ~20mn cases of blindness with additional 2mn cases added every year‚ of which upto 80% were cataract related. With an infrastructure that could handle only 1.2 million cataract cases annually‚ the situation is expected to get worse. The rural areas of the country were particularly exposed as
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UNIVERSITY OF CEBU LAPU-LAPU AND MANDAUE A.C. Cortes Avenue‚ Looc Mandaue City Case Analysis In Partial Fulfillment of Retail Franchising Submitted by: Christine E. Badelic Submitted to: Mr. Jhun Veril Jr. CASE AGIANST FORD AND FIRESTONE I – Summary Ford-Firestone case is a unique and an appropriate example of violation of business ethics by two renowned corporations. Ford Motor Company and Fire Stone Tire Company. Each of which was the manufacturer of a “different product
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ase Atlanta Home Loan Case Atlanta Home loan A. Control and Effects Controls implemented by AI before he went back to school Result controls: * Telemarketers – their salaries consist of hourly wage and performance bonus based on leads produced. The performance salary has a motivational effect on amount of leads. * Loan officer – Company paid the loan officers 40% of total loan revenue on they originated and 60% on loans Loan officer originated. The explicit allocation encourages
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Week 5 Case Study 2‚ Internal Control System. By Elias Hane Ehane2000@yahoo.com Cell: 786-488-8109 ACCT 504: Financial Accounting Submitted To: Professor Mario Perez Keller Graduate School of Management DeVry University - Miramar Campus Miramar‚ Florida MPEREZ@devry.net December 5‚ 2012 Table of Contents Page Presentation………………………………………………………………………………….1 Introduction Overview of the situation….……………………………………………………………
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Case Study 2 – Internal Control ACCT504 Elicia Myrieckes October 4‚ 2014 1. New Internal Control Requirements If the Company Decides to Go Public. If the company decides to go public it should include in its annual reports the company’s internal control over financial reporting. This report must include: a statement of management’s responsibility for establishing and maintaining adequate internal control over financial reporting; management’s assessment of the effective of internal control
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CASE 1 The Recalcitrant Director at Byte Products‚ Inc.: Corporate Legality versus Corporate Responsibility I - STATEMENT OF THE PROBLEM How the management of Byte Products Inc. meet the demand of Electronic components without affecting its profitability for about three years until new plant come into operation. II – OBJECTIVE A. To discuss what the really best action for the management to solve the problem B. To discuss the effect if the company cannot have a solution. C. To discuss the possible
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1)Historical perspective on public control of business. 2)Constitutional framework of state control of business. What is business? • The buying or selling of goods/services/activity of making money. However‚ the term is too vague. • According to F.C Hooper: “business means a whole complex field of commerce and industry‚ the basic industries‚ processing and manufacturing industries and the network of ancillary services‚ distribution‚ banking‚ insurance‚ transport and so on‚ which serve and inter-penetrate
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Marketing control is the process of monitoring the proposed plans as they proceed and adjusting where necessary. If an objective states where you want to be and the plan sets out a road map to your destination‚ then control tells you if you are on the right route or if you have arrived at your destination. Control involves measurement‚ evaluation‚ and monitoring. Resources are scarce and costly so it is important to control marketing plans. Control involves setting standards. The marketing manager
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Overview The case exposes problems that a world leading mobile telecommunication handheld producing company is facing under the pressure of complex internal and external challenges. The company‚ Research In Motion (RIM)‚ is experiencing success in the smart phone market with explosive growth rate and big market share. The BlackBerry products which integrate different functions have reached 14 million subscribers worldwide and have over $ 6 billion in revenue. However‚ the great potential smart phone
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