Justification for an Internal Control System Cynthia Kinney ACC544/Internal Control Systems June 27‚ 2011 Gary Godfrey Justification for an Internal Control System An internal control system is described as a way to control an organization better‚ minimize risk‚ reduce loss‚ and achieve goals. Two approaches‚ political and insurance‚ are used to justify the need for this type of system. Issues such as security valuation‚ asset allocation‚ optimization‚ and performance are considered with
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hment Research Paper July 26‚ 2009 The first example of justification for punishment that I will be discussing will be deterrence. What deterrence means that it is the attempt to discourage criminality through the use of punishment. (Macionis‚ 2006) one example of deterrence is that you know the outcome of the punishment before you decide to break any sort of law. It is believe that this concept was based on the thought that citizens will not break the law if they think that the pain of
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Running Head: DETERMINING JUSTIFICATION FOR RFID TECHNOLOGY Determining Justification for RFID Technology Bahram Izadi‚ Master Student of Business Management‚ University of Isfahan‚ Isfahan‚ Iran and John Boyd‚ BASc‚ Computer Engineering‚ University of Ottawa‚ Ottawa‚ Canada Abstract "What are the benefits?" is a common question for any organization considering implementing a new technology. This is an especially important question for small or developing companies‚ where an error
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Prediction or forecasting is a common phenomenon for which all human beings are always eager to know. The pre-knowledge about unknown and uncertain future prepare them to cope up in an efficient way. Since the dawn of civilization‚ this desire has been satisfied by priests‚ astrologers‚ fortune tellers‚ etc. In the present scenario‚ the necessity of predicting future is fulfilled in ample ways. There are several forecasting methods available from simplest to some of the most complicated; from judgmental
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Justification for an Internal Control System Ginger Lankford Internal Control Systems ACC544 Robert J. Cornett‚ MBA October 4‚ 2010 Justification for an Internal Control System Businesses need an efficient and cost-effective internal control system even with insurance and a portfolio approach control in place. Insurance is necessary and the portfolio approach is very effective but is more reactive than preventive. Internal control sets the foundation to ascertain reasonable assurance
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and explanation of Effort Justification Effort Justification is a theory of social psychology stemming from Festinger ’s (1957) theory of Cognitive Dissonance. Effort justification theory states that people have tendency to attribute a greater value to an outcome they had to put effort into obtaining. Cognitive Dissonance theory attempts to explain people ’s change of attitudes or beliefs when they face a dissonance between contradicting cognitions. Effort Justification theory is only a subtype
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In my opinion‚ the treaties of Versailles couldn’t be justified at the time in a large extent. The treaties led Germany and her allies a very harsh punishment and suffered a lot at the time. The War Guilt Clause made them had to accept the total responsibility which was unfair because the Allies also caused the war happened. The ￡6.6 billion reparation from Germany was unacceptable for German at the time and led to the hyperinflation in 1923 and other economic problems. They had to pay reparations
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justifications have been identified by Bandura and Kelman that are used to reduce the psychological discomfort an individual may feel about aggressive actions. These four kinds of aggression justification involve manipulating one’s perception of the aggressive action‚ motivation‚ harm‚ or victim to provide comfort for individuals’ aggressive behavior. The aggressors’ justifications for aggression serve as a “distancing” function making it easier for the aggressor to engage in harmful actions. The
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Journal of Empirical Finance 19 (2012) 627–639 Contents lists available at SciVerse ScienceDirect Journal of Empirical Finance journal homepage: www.elsevier.com/locate/jempfin Forecasting exchange rate volatility: The superior performance of conditional combinations of time series and option implied forecasts☆ Guillermo Benavides a‚⁎‚ Carlos Capistrán b a b Banco de México‚ Mexico Bank of America Merrill Lynch‚ Mexico article info Article history: Received 26 February
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BUSINESS FORECASTING BY: SASHA FEBRUARY 03‚ 2014 1 BUSINESS FORECASTING AND ITS USES • WHAT IS FORECASTING? • WHAT BENEFITS DOES IT HAVE? • WHY IS IT IMPORTANT TO BUSINESSES? 2 REASONS FOR FORECASTING • It helps to answer various business questions like -How much profit will be made? -How much demand will there be for a product? -How much will the product cost to produce and sell? -Will there need to be a financing activity to produce this product? (How soon will this
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