Internal Controls XACC/280 April 7‚2013 Axia Internal Controls Internal controls are put into place to safeguard a company’s assets and to promote the accuracy of their accounting records. There are two primary goals of internal controls. The first goal of internal controls is to safeguard it’s assets from employee theft‚ robbery‚ or unauthorized use. When there is a large some of money there is temptation from employee’s to take some of it. Many employees believe they are underpaid
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Meaning of Internal Reconstruction: When a company has been making losses for a number of years‚ the financial position does not present a true and fair view of the state of the affairs of the company. In such a company the assets are overvalued‚ the assets side of the balance sheet consists of fictitious assets‚ useless intangible assets and debit balance in the profit and loss account. Such a situation does not depict a true picture of financial statements and shows a higher net worth
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Achievement Gap 1 The Gender Achievement Gap Clint Overstreet 2 The No Child Left Behind Act requires that states bring students up to the "proficient" level on state tests and individual schools have to meet state “adequate yearly progress.” This mandate targets not only all “typical” students‚ but students from all demographics. With this factor of accountability‚ as well as school success‚ many researchers have studied the gap in educational
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Effective internal communications is essential to the success of a company and the accomplishment of its mission and strategic objectives. The best companies ensure that internal communication channels flow from the highest to the lowest levels of the organization. As a result‚ employees are familiar with the mission‚ vision‚ and strategic objectives of the company and have a solid understanding of how their individual jobs contribute to overall success. While the importance of internal communications
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a report proposes a resolution to diminish the achievement gap. This simple solution is universal preschool‚ making high quality‚ early learning available for all families. A study shows that going to a preschool of high quality could allow low-income children to decrease their academic gap by 41%‚ African American children to almost close their achievement gap in reading‚ and Hispanic students to completely close the educational gap between them and white
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This article writes that the gender pay gap does‚ in fact‚ exist. Pearson stated that "life choices" are not enough to make a wage gap because not every woman leaves work to care for children. She mentions how many have to be pushed out due to not being able to afford childcare or not being able to find a full time job. Also that women do not have much of a “choice" but to stay at home due to workplace and outside forces telling them what the “right” thing is. The article also mentions how mothers
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GENDER GAP IN COMMUNICATION Why is there a gender difference in communication? Well the reason is that those differences are due to the differences between men and women of course‚ but that they are also very dependent on the environment into which the conversation takes place. The gender gap was out there‚ has always existed and would be there as long as there is a human race. Communication is the key to developing deeper bonds with the people in your life because it opens the doors to better understanding
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dispatched independently to approving authority. Once signed‚ the approved invoices should be sent independently to accounts payable. When the check is prepared by accounts payable‚ they should mail it directly to the third party. Under a strong internal control system‚ the employees and/or contractors should not be allowed to come in and collect checks directly. Direct contacts with accounts payable personnel make it too tempting for someone
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the world. This was the promise of a gap year. Having just come out the other side of my gap year I’ve begun to reflect on the year I experienced. For me‚ it involved spending a lot of my time working to save money for the future. I also travelled across Europe with a group of friends‚ visiting 12 different countries and experiencing cultures and ways of life that I had never dreamt of. So‚ for all those high school graduates who are planning to take a gap year‚ here is some advice I wish someone
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Pay Gaps are very common in the United States of America and even in the world. They can vary by gender‚ race‚ and even age. One that is making heads turn these days is the pay gap between adults who just have there high school diploma and adults who have a bachelor’s degree diploma. There should be a focus on getting high school students to attend a four-year college because they will be able to earn more money‚ be more likely to own a home‚ and companies tend to hire more college graduates than
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