Managerial Approach The managerial approach is firm-oriented (microeconomic)‚ focusing on the management activities necessary to operate a tourist enterprise‚ such as planning‚ research‚ pricing‚ advertising‚ control‚ and the like. It is a popular approach‚ using insights gleaned from other approaches and disciplines. Although a major focus of this book is managerial‚
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for a company to benefit from assessing their control procedures. Internal controls are operating practices that are established to provide reasonable assurance that specific objectives will be achieved and every employee in the organization is responsible for internal controls. Implementing internal controls will help your business reach its performance and profitability targets‚ and most importantly prevent loss of resources. Internal Controls help to ensure reliable financial reporting‚ as
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Case Study 2-Internal Controls 2014 ACCT 504 Table of Contents I) Introduction II) Internal Control Requirements-Sarbanes/Oxley Act III) Internal Controls-Strengths IV) Internal Controls-Opportunities for Improvement Introduction It has come to the attention of the president of LJB Company that an evaluation is needed to determine the reliability and level of compliance of the company’s
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Goodner Brothers‚ Inc. Internal Control Issues 1.List what you believe should have been the three to five key internal control objectives for Goodner’s Huntington sales office. 1. Assets Safeguard The padlock and other some security are used as a physical protection of Goodner’s inventory from stolen by unauthorized person. 2. Authorization of Transaction Goodner’s policy said that the new customer required an approval of the sale manager for the credit sale. The objective of this
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This report has been written to investigate and make suitable recommendation for improvement to the company’s internal control and accounting systems and assign such improvements to a cost benefit analysis. Fraud: No precise legal definition of fraud exists‚ though many of the offences referred to as fraud are covered by the theft Acts 1968 and 1978 (Kaplan chapter 5) Causes of fraud‚ common type of fraud: Falsification or alteration of accounting
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Internal Controls XACC/280 Christopher Stone 5.1.2013 Internal controls are an integral part of a business operation because of the extreme importance of assets. Assets are basically an economically valued item owned by an individual or corporation‚ which most often has a direct conversion rate to cash. Examples are cash‚ securities‚ accounts receivable‚ in-stock product‚ business equipment‚ real-estate‚ cars‚ and other valuable property. Assets are business resources which could lead
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Checklist for Evaluating Internal Control Judy Milstead ACC 544/Internal Control Systems February 18‚ 2013 Christine Errico Checklist for Evaluating Internal Control In a broader sense is to define Internal Control as a process affected by an organization’s management‚ director‚ and other personnel. In order to provide reasonable assurance in regards to the achievement
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Brain and Language: Importance of Brain in Language Processing Term project in the course of CS789 Special Topics in Language Acquisition‚ Evolution and Origins by SUMIT MUNDHRA under guidance of Dr. HARISH KARNICK Dr. ACHALA RAINA [Presented on 20th dec 2005] Abstract This paper deals with the studies in Neurological Basis of Language Processing. As evident from various studies done by many researchers‚ the human brain typically has some parts dealing with language processing. It is
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Feb 2013‚ 13-20 © IASET A COMPARATIVE STUDY OF PUBLIC AND PRIVATE NON- LIFE INSURANCE COMPANIES IN INDIA D. SHREEDEVI1 & D. MANIMEGALAI2 1 Associate Professor‚ Apollo Institute of Hospital Administration‚ Hyderabad‚ India 2 Assistant Professor‚ Apollo Institute of Hospital Administration‚ Hyderabad‚ India ABSTRACT With the privatization of insurance‚ monopolistic competition of public sector insurance companies came to an end‚ giving wider opportunities to the customers to select
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ASSIGNMENT ON PRINCIPLE OF INSURANCE ASSIGNMENT TOPIC “JIBAN BIMA CORPORATION” INTRODUCTION: The Jiban Bima Corporation (JBC) is the lone state-owned life Insurance company in Bangladesh‚ which started its maiden journey on 14 May‚ 1973 with assets and liabilities worth TK. 15.70 crore (157 million) of defunt 37 life Insurance companies. Since its inception‚ JBC is working among the people of Bangladesh with two basic objectives: firstly
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