Merck & Co.‚ Inc (A) (The summary is based on the article in Vol. I and does not include the extra readings given by the professor) This case is a classic example of enterprises trying to balance their business of increasing profits and expected social responsibilities. This dilemma is further accentuated when the company happens to be a pharma company whose decisions directly affect people’s lives. The Dilemma: A possible drug for River Blindness‚ a disease which affects almost 85 million
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Adjustment’s Letter Doing business is not always easy. Sometimes‚ there are some circumstances that are out of our hands. Although we tried so hard to avoid our customer’s disappointment‚ it does not happen. Therefore‚ at times some of our customers send us complaint letters. Nevertheless‚ it is our role to remain calm and to use this complaint as opportunity to deliver the services they expect‚ even to exceed their expectation. Adjustment letter is written as a reply to a complaint or claim of
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STANDARDS OF INTERNAL CONTROL Issued April 2007 Table Of Contents I. II. III. IV. V. VI. VII. 1.0 2.0 3.0 4.0 5.0 Preface Objective Scope Process Responsibility Fraud Revisions Introduction General Control Requirements Quick Reference Revenue Cycle 2.1 Order Entry/Edit 2.2 Loan/Financial Aid 2.3 Billing 2.4 Accounts Receivable 2.5 Collection 2.6 Cash Receipts Procurement Cycle 3.1 Supplier Selection and Retention 3.2 Purchasing 3.3 Receiving 3.4 Accounts
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EXECUTIVE SUMMARY Our group was assigned to carry out the duties as internal auditor to audit the operations of the Library. We have been undergoing the task based on our objectives. We have selected TAN SRI DATO ’Sanusi Junid‚ International Islamic College (IIC) Gombak library. On Monday‚ 13 August 2012‚ we went to the IIC and the library management was welcomed our presence. We have interviewed Mr. Muhammad Arif Bin Osman‚ which is the Executive Assistants. He was very helpful in terms of delivering
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Howard Street Jewelry Accounting Case Study on Internal Controls 1. The main internal control concept the Levis ignored was segregation of duties. No one person should be responsible for all transactions from the beginning to the end. Betty had too many responsibilities that were interwoven and should have been performed by more than one person. She handled the cash that came in‚ maintained the cash receipts and the sales records. Another concept that this relates to is that no one
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drink or smoke in a laboratory. 3. Know the location‚ use and operation of the eye-wash fountain‚ emergency shower‚ fire extinguisher‚ fire-blanket‚ emergency phone and laboratory exits. 4. In case of an accident or cut‚ immediately notify instructor. Do not leave the laboratory to seek help alone. 5. Clean up all spills at your work area immediately. If a chemical spills on your skin‚ immediately wash the exposed area under cold water for a minimum of ten minutes. If you have been exposed to a
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technologies yet our forefathers beat all odds through the natural survival tactics. 2) What exactly is Easy Cellar Program? The easy cellar program is the password that we have now towards our own survival. It is an innovative method of preserving your food and other essentials in case a disaster did strike. The idea behind the development of this method is to protect you from disasters such as hurricanes‚
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1 Essay w riting g uidelines for the School of Biological Sciences General Our aim in setting an essay as part of your assessment is for you to learn 1. to obtain information from the scientific literature‚ 2. to synthesize information from diverse sources‚ 3. to use it to critically evaluate and discuss arguments or ideas‚ and 4. then to communicate these to the reader. Most scientific communication is by means of published papers. It is important‚ therefore‚ that you learn to
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Internal Control Weakness and Corrective Actions Fan Company A has eight weaknesses with the current internal control system. I will name each weakness and the corrective action for each weakness identified that will improve the internal control system to help protect the company’s cast and inventory assets and to prevent unethical actions of employees. The first internal control weakness that I found is the accountant decided not to check the references on the two part time employees. The
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Analysis of LJB Internal Control Procedures and Recommendations Table of Contents Introduction 3 Internal Controls Before Going Public 3 Correct Internal Control Procedures 4 Internal Control Discrepancies 4 Indelible Ink Recommendation 6 Summary 6 Works Cited 8 Analysis of LJB Internal Controls and Recommendations Introduction Assigned to review the internal control procedures for LJB‚ I will
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