Case Study 2 – Internal Control A review of policies and procedures for LBJ Company has been conducted‚ and there is a distinct lack of internal control that must be addressed in order for the company to go public. Internal control is identified as: “the process designed to ensure reliable reporting‚ effective and efficient operations‚ and compliance with laws and regulations” (Edwards‚ 1994). Additionally‚ to attract prospective investors‚ LBJ Company must follow the guidelines identified by the
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Internal Factors Evaluation Matrix of Philippine Women’s University Sta. Cruz‚ Laguna Campus Internal factors of a college or university include faculty‚ students‚ staff‚ alumni‚ athletic program‚ physical plant‚ grounds and maintenance‚ student housing‚ administration‚ academic programs‚ fraternities‚ sororities‚ and public relations. The sum total of all weighted score is equal to the total weighted score‚ final value of total weighted score should be between range 1.0 (low) to 4.0 (high).
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Novelist‚ poet‚ and essayist Ishmael Reed wrote an essay called “The Multinational Society”. The main idea of the essay is to explain all the different nationalities there are in America and the main claim he is trying to make is how we should be open minded to all of it and accept the change that it’s going to bring. The different nationalities and people are what make America America and the American people should accept that instead of trying to claim that one race or one belief is best and is
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The Internal Sources of Finance In order to grow your small business into a larger one‚ it is important to invest in it. And to invest in your business‚ you need access to finance. Unfortunately‚ external sources of finance — lenders and investors — are often skeptical of small businesses. This can leave you to rely on internal sources of finance for investing in your business. Retained Earnings Retained earnings are an easy source of internal financing to use because they are liquid assets. Retained
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Recommendation for an Internal Accountant Recommendation for an Internal Accountant Internal Auditing is an independent‚ objective assurance and consulting activity designed to add value and improve an organization’s operations (What is internal auditing?‚ 2010). Internal accounting control is a series of procedures designed to promote and protect sound management practices‚ both general and financial that will increase the likelihood that: * Financial information is reliable‚ so that managers
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increase differentiation.” 2.“Value chain represents the internal activities a firm engages in when transforming inputs into outputs.” The Internal Analysis of strengths and weaknesses focuses on internal factors that give an organization certain advantages and disadvantages in meeting the needs of its target market. Strengths refer to core competencies that give the firm an advantage in meeting the needs of its target markets. Any analysis of company strengths should be market oriented/customer focused
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Bait ‘n Reel Superstore A Comprehensive Review on the Internal Control System of the Company Bait ‘n Reel Superstore is a fishing store located in the Mountain Region of Pennsylvania owned and managed by Jamie Roberts. The said store has several internal control issues which greatly affect the efficiency of the store’s system. Purchase System Transaction Authorization The store doesn’t observe the separation of authorizing purchase and processing it. The purchasing department is the one
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Suppose you are working for an agency that is participating in a tender for a contract to improve the (internal) branding at Wartsila: write in 500-700 words an evaluation of your impression of Wartsila’s current branding strategy and -implementation as you perceive it from studying their website‚ Mr. Bos’s talk and maybe some other information you’ve observed on the Internet or in the news. Tell them what in your opinion is strong and weak about it and what you would like to help improve. Wärtsilä
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Internal Growth Strategy Pro Can expand a competitive advantage and increase market position. Potential to have returns on different investments. Con Does not increase the company size. Does not increase the company revenue immediately yet overtime. Loss Strategic focus on the market External Growth Strategy Pro Increase the worth of the company Immediate return on the companies investments Con The Cost of external growth is very expensive. Which approach is best as an international
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Internal and External Equity HRM/324 09/09/2013 Internal and External Equity Equity as it applies to compensation plans used by employers refers to the exchange of service for compensation that employees make with their employers. Total compensation systems take into consideration all things of value given by an employer to an employee in exchange for his or her service in a specified role (Romanoff‚ Boehm & Benson). Total compensation systems include not only salary or wages‚ but also insurance
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