Internal Controls XACC/280 Whenever having a company‚ he or she must have the right aspects so that business can run as smoothly as possible. The existence where not having the company together as supposed to‚ then there are problems that can follow. Internal control is the safeguard of the assets and the accuracy along with able to rely on he or she’s accounting records and the guide to success is making sure that he or she follows the control principles. The two sentences before this is the
Premium Internal control Sarbanes–Oxley Act
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
Premium Audit Sarbanes–Oxley Act Internal control
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
Premium Balance sheet Asset Stock market
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
Premium Communication Public relations Strategic planning
Assumptions (A) Assumptions (B) E( If we use Assumptions (B)‚ we need to use the law of iterated expectations in proving the BLUE. With Assumptions (B)‚ the BLUE is given conditionally on Let us use Assumptions (A). The Gauss-Markov Theorem is stated below Under Assumptions (A)‚ the OLS estimators‚ are the Best Linear Unbiased Estimator (BLUE)‚ that is 1. Unbias : 2. Best : Real data seldomly satisfy Assumptions (A) or Assumptions (B). Accordingly we should think that the
Premium Expected value Estimator Mathematics
Virgin Atlantics primary problem is that they were operating in the middle of the optimal utility model. Their slogan had become “Offering a First Class service at less than First Class fares”. In which Virgin Atlantic is offering high quality at a low cost‚ which keeps them in the middle and not profitable. It seems that Virgin Atlantic did not take into account that offering a premium service as they were would come at a premium cost for them and when throwing in low cost fares into the mix they
Premium Virgin Atlantic Airways British Airways Economics
Cicely Wood English 101 – 004 1 December 2012 Red or Blue? There are some questions people come across in life that could change his or hers life forever. For example‚ in The Matrix Neo must chose to take the blue pill and live in an ignorant bliss‚ or take the red and find out the truth about the world he is living in. Most people are raised to believe certain things‚ meaning they believe in what ever their parents believe in‚ and their parents believe in what their parents believed in as well
Premium Mind Morpheus Thought
on a survey of the Virgin Group’s sustainability report that summarize the Virgin companies’ sustainability strategy‚ evaluating the sustainability report based on the Global Reporting Initiative (GRI) principle‚ to comment performance indicators and making recommendations‚ which can improve the sustainability report. Virgin Group’s Corporate responsibility and sustainable development report 2010 emphasizes the range of corporate responsibility and sustainability issues the Virgin companies face operating
Premium Sustainability Sustainable development
Refugee Blues – W.H. Auden ------------------------------------------------- Poet - Wynstan Hugh Auden‚ born as a doctor’s son in February 1907 in York‚ United Kingdom‚ counts as one of the greatest English poets of the twentieth century. Theme - abuse of human rights experienced not only by German Jews but by other Jews and by refugees anywhere. Structure - The poem contains twelve stanzas of three lines each. The first and second line of each stanza rhyme. The two rhyming lines of each stanza
Premium Poetry
Sonny ’s blues is a fictional story and a first person narrative written by James Baldwin . The main point of this story is how drugs affects Sonny ’s life‚and how the narrator feels about it . I believe the moral of this story is people deal with struggles in everyday life and people deal with their struggles in their own way .The narrator is not only sonny’s brother he is also someone trying to undersatnd his brother . Learning more about sonny meant he would be able to understand him and why
Premium Drug addiction