Internal Controls XACC/280 April 7‚2013 Axia Internal Controls Internal controls are put into place to safeguard a company’s assets and to promote the accuracy of their accounting records. There are two primary goals of internal controls. The first goal of internal controls is to safeguard it’s assets from employee theft‚ robbery‚ or unauthorized use. When there is a large some of money there is temptation from employee’s to take some of it. Many employees believe they are underpaid
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and Management Sciences (JETEMS) 2 (5): 413-417 © Scholarlink Research Institute Journals‚ 2011 (ISSN: 2141-7024) jetems.scholarlinkresearch.org Journal of Emerging Trends in Economics and Management Sciences (JETEMS) 2(5):413-417 (ISSN:2141-7024) Drivers and Challenges of Motivation for Casual Workers on Construction Sites Ibironke O. T‚ Adedokun O. A and Hungbo A. A Quantity Surveying Department‚ Federal University of Technology‚ Akure. Corresponding Author: Adedokun O. A _______________________
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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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dispatched independently to approving authority. Once signed‚ the approved invoices should be sent independently to accounts payable. When the check is prepared by accounts payable‚ they should mail it directly to the third party. Under a strong internal control system‚ the employees and/or contractors should not be allowed to come in and collect checks directly. Direct contacts with accounts payable personnel make it too tempting for someone
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INTERNAL ACTORS (AND EMPLOYEE REPRESENTATIVES) Directors The most prominent group of actors in corporate governance are the company’s directors. They can be either executive or non-executives directors (NEDs); the numbers and split of executives to NEDs will partly depend upon the regulatory regime of the country. It is generally the case that investors and regulators prefer there to be more NEDs‚ as their independent scrutiny of the company‚ its controls
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I want to graduate from high school and go to college. I want to major in engineering‚ arts and how to be a truck driver. A engineer‚ so if my car brakes down I will be able to fix it myself and not have to rely on anybody else to fix my car. Arts because I really like to draw and paint. Also a truck driver because I like driving cars and trucks and I want to see lots of cities and towns while delivering things.To be able to do all this I would have to work as hard as I can in all my classes to get
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The purpose of this paper is to analyze three drivers of globalization and how these drivers impact organizations‚ describe the risks associated with global investing and explain the importance of cultural sensitivity and ethics in global finance. Global Finance Environment Globalization is the increasing interconnectedness of economies‚ markets‚ and people across nations. Increasing globalization creates additional competition from around the world‚ which then affects both local
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It was a typical drive to school- fingers tapping on the steering wheel as I sing along with the overplayed pop song playing on the radio station. As I approached an intersection‚ I saw a dark blue sedan coming from the left‚ but realized that the driver had a stop sign and I did not. Therefore‚ I continued driving-still singing and tapping to the rhythm of the song- when suddenly‚ I found myself slamming on the brakes. My body jerked forward‚ and I looked up to find the front of my car collided with
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It would be equally wrong from a moral situation to kill anyone. The trolley driver is affected by the deontologist theory. There is no moral reason for the deontologist to choose between the car and the bus because both are impermissible. However‚ there is no avoidance alternative for the deontologist to choose one option. The virtue
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Record responses in med blue bold font Student Exploration: Density Experiment: Slice and Dice Define Vocabulary Density: The degree of compactness of a substance Mass: A coherent‚ typically large body of matter with no definite shape Matter: The substance or substances of which any physical object consists or is composed Volume: The quantity of three-dimensional space occupied by a liquid‚ solid‚ or gas Prior Knowledge Questions (Do these BEFORE using the Gizmo.) 1. What do
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