Assignment 8.1 Handout 1. Internal controls are designed to safeguard assets‚ encourage employees to follow company policies‚ promote operational efficiency‚ and ensure accurate accounting records. Requirements R1. Which objective is most important? R2. Which must the internal controls accomplish for the business to survive? Give your reason. 2. The Sarbanes-Oxley Act affects public companies. Requirement R1. How does the Sarbanes-Oxley Act relate to internal controls? Be specific. 3. Separation
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Strengths and Weaknesses • Goal: objective assessment of your strengths and weaknesses – relative to competitors – important to customers Note: This is difficult to do well. Strategic Business Planning for Commercial Producers Challenge of Internal Analysis • Identifying‚ developing‚ protecting‚ and deploying resources‚ capabilities‚ and core competencies Strategic Business Planning for Commercial Producers Resources • Inputs into a firm’s production process such as capital equipment
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The Internal Assessment focuses on identifying and evaluating a firm’s strengths and weaknesses in the functional areas of business‚ including: management‚ marketing‚ finance‚ production‚ research and development‚ computer information systems. There are many subareas inside these functions‚ such as customer service‚ warranties‚ advertising‚ packaging‚ and pricing under marketing. The functional business areas differ for different types of organizations‚ such as hospitals‚ universities‚ government
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Internal Accountant’s Report to Management The company is thinking about performing a full financial status review prior the release of an upcoming government contract bid. This report will provide supporting information for a full financial status review prior to bid. This supporting information will include the impact of occupational fraud and abuse on the company and how the governmental oversight of accounting and fraud affects the company. The report will also provide potential corruption
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loved ones‚ having to accept work at poor working conditions‚ low wages‚ etc. The present scenario in India‚ is that the employers are becoming aware of their workers needs and are taking effective measures to improve their morale and self worth by the various Labour Welfare measures both the statutory and voluntary. The reason being the increasing awareness created globally‚ by the initiative of ILO‚ and other organizations‚ the charismatic leadership of some Indian and international labour
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as consumers seek for alternative beverages. As the matter of fact‚ PepsiCo switches to non-cola products such as bottle-water‚ ready-to-drink tea and sports drinks. In turn‚ bottled water gained the market share up to 12.8% in unit sales. 2-Internal Analysis of Coke and Pepsi (Appendix A) In this session‚ we would analyze Coke and Pepsi internally using SWOT analysis. SWOT is the short form of Strengths‚ Weaknesses‚ Opportunities and Threats. In Appendix A‚ we can see that the major strength
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Author‚ Joan Didion‚ in her essay‚ “On Keeping a Notebook‚” demonstrates that an individual’s perception of the world determines their notebook’s contents‚ of which‚ only has significance to the individual. Didion’s purpose is to promote the idea that keeping a notebook helps individuals to remember the details of life so that when life gets bleak there’s something to hold onto. She adopts a contemplative tone in order to elaborate the significance on keeping a notebook. Didion builds her essay around
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glucose. This release of products provides the necessary nutrients for all forms of life. In water‚ leaves‚ usually float in water due to the gases such as carbon dioxide and oxygen that are within the mesophyll layer of the leaves. But in order to measure the rate of photosynthesis‚ the gases in the leaves need to be drawn out of the mesophyll. This can be done by creating a vacuum‚ which will further be explained in the procedure. This will allow us to see the effect of one reactant‚ carbon dioxide
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Introduction Background to the case study In the early 1980’s‚ Robinson Mason was a long-established UK multinational with a plethora of very commonly known consumer brands‚ enjoying a strong presence throughout Western Europe. This ranged from fully-fledged manufacturing‚ marketing and distribution in some countries to local sales offices in others. In the past each country had its own appointed general manager‚ this was all fine as long as the country had surpassed financial and objective
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Internal Controls XACC/280 4/21/2013 There are many rules companies must follow whenever documenting financial information or any other data which is gather during any business transactions. In order for said companies to report financial information internal controls have to be put in place as companies have to adhere to certain laws and regulations. Internal controls can be defined as a process which companies follow in order to ensure all financial reporting is done in a reliable and
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