EXAMPLE OF STUDENT-WRITTEN STRATEGIC AUDIT (San Miguel Corporation and A. Soriano Corporation) I. CURRENT SITUATION A. Current Performance According to Soriano‚ the companies had developed their budgeting and long-range planning system several year earlier but‚ despite the many advantages these gave them‚ they still were not satisfied with their ability to respond to the rapid changes in the environment around them. They‚ therefor‚ search for a process that would enable
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Internal Control Definition Internal control is broadly defined as a process‚ effected by an entity’s board of trustees‚ management‚ and other personnel‚ designed to provide reasonable assurance regarding the achievement of objectives in the following categories: 1. Effectiveness and efficiency of operations 2. Reliability of financial reporting 3. Compliance with applicable laws and regulations 4. Safeguarding of assets Internal control consists of five interrelated components:
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The Widow by Fiona Barton One of the first things that I noticed about this novel is the structure‚ or way that each of the chapters are set up. Each chapter relates to the same mystery‚ but is narrated by a one of four characters in the book. The Widow‚ Jean Taylor‚ the detective Kate Waters‚ the officer…‚ and the victim Dawn Elliott. When I first started this novel‚ the structure was quite confusing because I wasn’t really familiar with the characters. I continued to mix up the victim
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Internal audit’s role in effective corporate governance advisory Internal audit’s role in effective corporate governance Internal audit’s role in effective corporate governance Recent events have highlighted the critical role of boards of directors in promoting effective corporate governance. In particular‚ boards are being charged with ultimate responsibility for the effectiveness of their organisations’ internal control systems. The internal audit function plays a key
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Internal analysis SWOT analysis the strengths weakness‚ opportunities and weakness of a firm. The strength and weakness form the internal analysis whereas the opportunities and weakness form the external analysis. Strengths Strong financial Position BBC’s financial statements for the year 2009-2010 show an availability of £478 million and profits of £145 millions (BBC 2010). In relative terms BBC has been able to reduce its total costs by 40% from the levels of the year 2000 (BBC 2010). Within
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D What are the various ways of communication on the internet?Introduction Internet is a connecting between two computers or more anywhere in the world via dedicated routers and server. The Internet provides various ways of communication depending on the users’ needs and requirements. When two computers or more are connected with the Internet‚ they can send and receive all kinds of information such as text‚ graphics‚ voice‚ video‚ and computer programs‚ this is what we called internet communication
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Cannondale Corporation a Case-Study In 1971 Joseph Montgomery set out to build a company that would be a leader in the cycling community. Not only did the Cannondale Corporation become a leader‚ but the dominating manufacturer of performance mountain bikes. As any business student graduating from Cal State Hayward would know‚ the following questions must be raised; How did Cannondale reach the top? Can they sustain their position? What are the key strategic issues‚ both the internal and the external
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The “culture” of Egypt’s Old Kingdom (Dynasties 3-6‚ about 2649-2150 B.C.) was one of the most dynamic periods in the development of Egyptian art. During this period artists learned to express their culture’s worldview‚ creating for the first time images and forms that endured for generations. Architects and masons mastered the techniques necessary to build monumental spectacular structures in stone. Sculptors created the earliest portraits of individuals and the first
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This paper discusses FedEx Corporation and details the linkage between the business strategy‚ workforce strategy and HR strategy that has been adopted by the company. The paper also lays emphasis on the comparative advantage of FedEx Corporation due to its commitment in making differentiation as competitive advantage and the unique way it has positioned itself on the world map of parcel or small packages service providers. Again‚ the paper has also highlighted the way the whole workforce of the organization
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CASE STUDY CASE OVERVIEW Company Background EEI Corporation was one of the oldest construction companies in the Philippines who is engaged in the business of building industrial plant facilities‚ installing equipments‚ providing replacements parts and supplies‚ and providing specialized engineering services to industrial companies in the Philippines and overseas‚ principally in Middle East. Highlights of Operations EEI Corporation struggled in mid 1980s where they faced financial difficulties
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