1. List what you believe should have been the three to five key internal control objectives of Goodner’s Huntington sales office. • Existence – Record the purchase orders in standard form as soon as sales reps receive them. • Rights and obligations – Limit rights for sales reps. • Completeness – Record the purchase order‚ ship the inventory‚ and receive payment. • Valuation – Keep accuracy for the value. 2. List the key internal control weaknesses that were evident in the Huntington unit’s
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Cinderella’s mother dies‚ and her father remarries. Her stepmother‚ as well as her step sisters are beautiful‚ but have a black heart. Cinderella goes to her mother’s grave every day‚ prays and weeps. One day‚ her father asks what he should bring back from the town for the girls. The step sisters ask for dresses and pearls‚ while Cinderella asks for a branch from the tree that first hits him on his way home. Cinderella plants that branch and it grows into a beautiful tree‚ where a bird listens to
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Name: Siqi Zhao Date: 1/14/2015 To: A424 Case 1.2 Subject: Case Questions 1. Since E&Y performs its auditing duties merely as an external auditor for Lehman‚ the scope of auditing work should be based on the audit needs from Lehman. On the other hand‚ it is very important for external auditors to keep the independent and objective standpoint in order to ensure their auditing opinions are effective. E&Y did not have a responsibility to be involved in the development process of new
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The objective of this project is to study the logistics and supply chain management of Esprit Holdings Limited (Esprit) in Hong Kong‚ Mainland China and Oversea. Firstly‚ we will introduce the background of Esprit and readers will have a brief understanding about the history‚ the competitors of Esprit in Hong Kong. Secondly‚ we will analyze and clarify operation feature of Esprit. Thirdly‚ we will analyze the marketing strategy - SWOT analysis/ the best practice and problems of Esprit. Finally
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Executive Summary This business report have analysed the financial statements of The Reject Shop Limited (TRS) in order to evaluate the financial performance and position of the company over the 4 year period 2006 to 2009. In additional‚ an evaluation on The Reject Shop as an investment was also reviewed and discussed. The trends of the total revenue and percentage increase/decrease year per year for the four years 2006 to 2009 are illustrated and evaluated. The results of the gross and net
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Big Brother Semiotic Analysis Introduction: This semiotic analysis will attempt to bring clarification to the persuasive symbols and messages used within the American version of the “Reality Television” game show “Big Brother”. The use of myth‚ metonymy‚ tokens‚ and connotation will be looked at‚ and will attempt to demonstrate how this communication event reflects and influences its receivers. In order to understand the terminology and examples used in such an analysis‚ a brief history and description
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North South University School of Business MGT 210 Section: 13 Project on Maksons Spinning Mills Limited Submission Date: Submitted to: 07.08.2011 Shahid Hossain (ShH) Senior Lecturer School of Business North South University Table of Content |No. |Topic
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Intangible Assets: An intangible asset‚ despite not having a physical form to it‚ has great value to a company and is to be disclosed in the financial reports. Some companies only disclose the brand and goodwill as their only intangible assets‚ while others include more such as software and the company trademarks (Loftus et al. 2012). The Accounting Standard AASB 138 advises businesses on the accounting treatment of these intangible assets‚ but only if the specific criteria have been met for an
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Lehman Brothers Bankruptcy of 2008 Kim Bonville Corporate finance Case Study for Week 5 In 2007 Lehman Brothers underwrote more backed securities than any other firm in the investment banking industry. Their portfolio was $85 billion and this was four times the shareholders equity. The history of Lehman Brothers‚ they are a worldwide financial bank and they are the fourth largest investment bank in the United States. Their services they offer are investment
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ANALYSIS OF LOBLAW COMPANIES LIMITED Executive Summary The purpose of this report is to highlight the findings of the audit that was conducted on Loblaw Companies Limited (Loblaw)‚ a subsidiary of George Weston Limited‚ and to come to a feasible conclusion about maintaining the company ’s already successful business. A qualitative and quantitative analysis was conducted through secondary research‚ using internal and external resources. Since its incorporation in 1956‚ Loblaw has worked its
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