Internal Control: Management Information System (MIS) The OLUS HOTEL is a 100% Filipino-owned corporation duly registered with the Securities and Exchange Commission since June 2009. It is a three-story building along Quezon Hi-way. Situated at the techno hub district of Quezon‚ its presence has helped spur the current thrust and development of other areas going farther north. This synergistic relationship has given several competitive advantages‚ which are translated into profits for the sustainable
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INTRODUCTION Internal auditing is a management-oriented discipline that has evolved rapidly since World War II. Once a function primarily concerned with financial and accounting matters‚ internal auditing now addresses the entire range of operating activities and performs a correspondingly wide variety of assurance and consulting services. By definition‚ according to Institute of Internal Auditors (IIA)‚ internal auditing is an independent‚ objective assurance and consulting activity designed to
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Internal Control Risks Identified in Apollo Shoes Assessing control risk is the process of evaluating the design and operating effectiveness of a company’s internal controls as to how it prevents or detects material misstatements in the financial statement assertions of management (Hayes‚ Dassen‚ Schilder‚ & Wallage‚ 2005). The conclusion reached as a result of assessing control risk is referred to as the assessed level of control risk. When assessing controls the auditor looks for weaknesses
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The Role of Psychology in Human Resources Management Talibova Shelale Rasim Department: Psychology Azerbaijan University of Languages Abstract HRM can be considered to be responsibility of all those who manage people as well as a description of persons who are employed as specialists. It is that part of management that involves planning for human resource needs‚ including recruitment and selection‚ training and development. It also includes welfare and safety‚ wage and salary administration‚ collective
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HUMAN RESOURCE ROLE IN KNOWLEDGE MANAGEMENT Introduction The urge of an organization to acquire and preserve the knowledge of its employees within its organization has lately become tremendously increasing due to the rising competitions among all organizations. Be it a profit or non-profit and big or small organizations‚ the environment of the present situation is so much different from a particular organization doing its business 10 years ago. In those days‚ an organization has all the luxury
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Internal Control - Integrated Framework Executive Summary Senior executives have long sought ways to better control the enterprises they run. Internal controls are put in place to keep the company on course toward profitability goals and achievement of its mission‚ and to minimize surprises along the way. They enable management to deal with rapidly changing economic and competitive environments‚ shifting customer demands and priorities‚ and restructuring for future growth. Internal controls promote
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Managers Approach to Effective Productivity Principles of Management ABSTRACT Managers Approach to Effective Productivity The purpose of this paper is to explain the relationship between management and productivity. Research confirms that productivity is linked with time management and performance. They are essential traits in management. This paper first defines productivity and discusses how important it is in order keep up with
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Justification for an Internal Control System Organizations that do not have the proper internal controls tend to deteriorate over time. Therefore‚ companies should incorporate effective internal control systems to accompany other risk management approaches like insurance and risk portfolio. Internal Control Systems can provide an additional reference tool for organizations to identify and assess operating controls‚ financial reporting‚ and regulatory compliance processes and to formulate preventive
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V. Internal Control & Banking Relationship Basic Controls Internal control refers to a system of financial checks and balances designed to minimize errors or misappropriation of assets‚ maximize the detection if it occur and protect the association overall. It is the treasurer’s responsibility to safeguard the assets of the association by ensuring these controls are in place. One of the basics of good internal control is that no one person handles all aspects of any financial transaction
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The Changing Roles of Human Resource Management Dan Worth Lansing Community College Abstract The field of Human Resource Management is constantly changing due to globalization. The roles that human resource (HR) departments traditionally played have had to evolve in order to coexist with other departments in order to maintain its own identity. The interview with Ms. Amy Abdo of the Office of Human Resources within the Michigan Department
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