ESTABLISHMENT OF THE FITNESS HAVEN CENTER IN BAUAN‚ BATANGAS EDGAR M. TUMLOS‚ JR. Master in Business Administration (Non – Thesis Program) 2011 INTRODUCTION Our ancestors were pre-occupied with one thought and that is survival. To be able to satisfy this need‚ they devised plans to carry this out. They had used the bark of trees to protect their bodies from the changing weather‚ thus evolved the knowledge of the earliest people about clothing. Since the manner of living was simple‚ they had resorted
Premium Financial ratio Marketing Ratio
Abstract The Center for Disease Control is a United States public agency that works to protect health and safety. They do this by researching diseases and provide information about them to help Americans stay healthy. The Center for Disease control has workers who are called disease detectives. These are the people that go to different countries to do research on diseases and bring the information back to America to make sure we are aware and educated about them. Disease detectives and the Center for Disease
Premium Influenza Foodborne illness Epidemiology
Internal control systems As defined in Paragraph 4(c) of ISA 315‚ internal control is “the process designed‚ implemented and maintained by those charged with governance‚ management and other personnel to provide reasonable assurance about the achievement of an entity’s objectives with regard to reliability of financial reporting‚ effectiveness and efficiency of operations‚ and compliance with applicable laws and regulations.” It includes all the policies
Premium Internal control Management Internal audit
Case Study Project What is the purpose of auditing? Describe the relationship between internal controls and the audit process. Answer The purpose of an audit is to provide financial statement users with an opinion by the auditor on whether the financial statements are presented fairly‚ in all material respects‚ in accordance with the applicable financial reporting framework. An audit also enhances the degree of confidence of intended users in the financial statements. Financial audits
Premium Audit Auditing Financial audit
Published Article-Sox Institute 12/2008 The Essence of Internal Control A statement on policy and procedures issues as they relate to managements views and /or findings with regard to OMB A-123 audits. Writing position papers on justification of actions taken has raised some questions about control. There seems to be a shift in the mind set of managers now that Section 404 of Sox’s (documentation) has really kicked in with compliance performance of the financial managers responsibility
Premium Management Internal control Sarbanes–Oxley Act
UR UMUC Healthy Fitness Center Case Study‚ Stage 1: Business Environment Analysis XXX XXXXX University of Maryland University College - Europe An Analysis of UR UMUC Fitness Center The Business Environment Analysis for the UR UMUC Healthy Fitness Center was conducted to understand the current state of the business and use that resulting information to determine the best course of action to improve the business modal of the organization. As the new manager of the facility‚ it
Premium Health club Exercise Management
ARVI MARIE S. CALONZO BSA 4B Applications of Internal Control to Cash Receipts ---Cash receipts may result from cash sales; collections on account from customers; the receipt of interest‚ rents‚ and dividends; investments by owners; bank loans; and proceeds from the sale of noncurrent assets. ---The following internal control principles explained earlier apply to cash receipts transactions as shown: Establishment of responsibility - Only designated personnel (cashiers) are authorized
Premium Receipt Cheque Asset
RUNNING HEAD: Internal Control for Inflows Internal Control for Inflows ACC/ 544 Internal Control for Inflows Internal controls are important to a business. The internal controls provide a safeguard against errors in the accounting system as well as the detection and prevention of fraud. With the inflows of the company come many risks that need to be considered. The ways in which cash‚ sales‚ accounts receivable‚ inventory‚ and production are handled within the company are different for
Premium Accounts receivable Internal control Balance sheet
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. * Assets Safeguard The padlock and other some security are used as a physical protection of Goodner’s inventory from stolen by unauthorized person. * 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 policy is to control
Premium Internal control Sales Auditing
The consulting firm reviewed the cash‚ sales‚ accounts receivable‚ inventory and production functions. Based on this review‚ the consulting firm has prepared a proposal of internal controls for each function of the company. This proposal will give a background of each function and a list of the proposed internal controls. Cash Auto Parts Inc. manufactures and sells auto parts to car dealerships as well as the general public. Cash receipts come in the form of credit card‚ electronic payments
Premium Accounts receivable Invoice Sales