. Inventory control is a supervision of the supply and storage and accessibility of items in order to insure anadequate supply without excessive oversupply. It can also be referred as internal control - an accounting procedure or system designed to promote efficiency or assure the implementation of a policy or safeguard assets or avoid fraud and error etc. Inventory is defined as itemized list of goods with their estimated worth ‚specifically annual account of stock taken
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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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CONTROL Control is a systematic effort to set performance standards with planning objectives‚ to design information feedback systems‚ to compare actual performance with the predetermined standards‚ to determine whether there are any deviations and to measure their significance‚ and to take any action required to assure that all corporate resources are being used in the most effective and efficient way possible in achieving corporate objectives. Control is taking conscious measures that synchronize
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population control is the practice of artificially altering the rate of growth of a human population. Historically‚ human population control has been implemented by limiting the population’s birth rate‚ usually by government mandate‚ and has been undertaken as a response to factors including high or increasing levels of poverty‚ environmental concerns‚ religious reasons‚ and overpopulation. While population control can involve measures that improve people’s lives by giving them greater control of their
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Gun Control is not the Answer Karen Field Granite State College A man carrying two revolvers and two 9mm semi-automatic handguns calmly entered into the Dunblane Primary School. Two people quickly saw the firearms and tried to tackle the man; he shot them‚ and left them wounded as he continued his journey down the hall of the school. Finally the man had reached his destination‚ the gym‚ where a class of kindergarteners where having Phys. Ed‚ he pulled out his guns and started picking off the
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Rawlins Honors English 10 May 6‚ 2014 The Unrealistic Cause of Gun Control In 1791 the second amendment to the constitution was ratified and it stated that a “well regulated militia being necessary to the security of a free state‚ the right of the people to bear arms shall not be infringed” (Lee no.pag.). Since its ratification‚ many debates over the meaning and over gun control have spread throughout America. The term gun control‚ as described by Lee‚ is‚ “any action taken by the federal government
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behavior control mechanisms of several organizations. Control Mechanisms Control mechanisms are important to every organization. Without them‚ it would be difficult to determine whether or not the planning‚ organizing and leading functions of management are effective and productive for the company. Although some mechanisms are used widely throughout many organizations and companies‚ some mechanisms are tailored to fit a specific organization. Management must determine the most appropriate control mechanisms
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Gun control The phrase “gun control” can mean many things. It can be a ban on specific or all types of weapons. It can be law restricting where guns can be carried. It can be regulations prohibiting certain or all citizens from owning guns. Regardless of what form it takes‚ gun control in the United States of America takes away your constitutional right to own guns; the Second Amendment to the U.S. Constitution. The Second Amendment to the United States Constitution states that "A well
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Case Study 2 – Internal Control TO: LJB Company President FROM: Andrea Johnson DATE: February 8‚ 2013 SUBJECT: Internal Control It is with great pleasure that we can provide you information and advisement on internal controls that will assist LJB Company with going public. We understand that you have communicated your concerns and expect that this report will assist you with deriving conclusions. This report will: 1. Inform you of any new internal control requirements in reference to
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English 3 April 16‚ 2013 Birth Control‚ Why be Frowned Upon? Birth control is a way to prevent your daughter from having a kid as a kid‚ not a statement telling her that it is okay to freely have sex. If you know and understand that your daughter is having sex‚ wouldn’t you want the peace of mind that she is being safe‚ and protected? There are several ways to take birth control‚ and the doctor will choose the best method for the patient. Birth control has a 99% protection rate when taken
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