Internal & Managerial Control “Internal (Management) Control is the set of accounting & administrative controls and practices that help ensure that approved and appropriate decisions are made in an organization” * in other words‚ to make sure that the right thing happens and the wrong thing does not happen‚ either purposely or accidentally Why Internal Control? 1. To safeguard the assets against waste‚ loss & misuse 2. Check the accuracy and reliability of accounting data
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INTERNAL ACTORS (AND EMPLOYEE REPRESENTATIVES) Directors The most prominent group of actors in corporate governance are the company’s directors. They can be either executive or non-executives directors (NEDs); the numbers and split of executives to NEDs will partly depend upon the regulatory regime of the country. It is generally the case that investors and regulators prefer there to be more NEDs‚ as their independent scrutiny of the company‚ its controls
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Metro-Internal Overview of the Current Scenario Week1: Average Team Strength – 12; Average Productivity – 6.5 Week2: Average Team Strength – 10; Average Productivity – 7.2 Learning & Observations: 1) The market as a whole is quite receptive to the Cash & Carry concept saving a lot of effort in terms of making customer calls. 2) There is a major chunk of our prospective customers in the outskirts of the city; but many of them don’t have a valid business licence or don’t have
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INTRODUCTION This case presents the actual family-business dilemma and identities have been changed to protect family privacy. The author’s opinions do not necessarily reflect the views of the Malaysian Institute of Accountants and this case was written for academic purpose only and the author disclaims any legal responsibilities. This report will be discussed more details about the issues that arise in the company. Those issues are about the leadership‚ management and also
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Chapter 1 THE BACKGROUND OF THE STUDY INTRODUCTION Nowadays everyone knows that advance technology exists and constantly seeping into our day to day lives. Everything we do is quite connected with technology‚ whether it is working on papers at home or online with web apps or even chatting with someone using instant messaging. Without these kinds of technology life would be difficult and not much of fun at all. Knowledge will be limited and more difficult to polish. Technology solves the
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Procedure Title: Recruitment‚ Selection and Assignment of Personnel Number: A6Hx2-3.02 Policy Number: Page: 6Hx2-3.02 1 of 9 The Recruitment Process Equity Plan. All persons possessing minimum job qualifications regardless of race‚ color‚ age‚ national origin‚ religion‚ gender‚ marital status‚ or disability or any other protected class‚ must be provided an equal opportunity to compete for employment. In order to implement this concept in the area of employment practices and procedures
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Case Study: Staffing Christian Corporation I. Time Context : * On this day‚ there is a problem within the staff‚ where in there is a poor quality of supervisors in the department. II. Viewpoint : * Poor quality of the twenty supervisors reporting to the section heads was the problem. The Christian Corporation has poor record in selecting good supervisors. There are only five or six who are outstanding out of twenty supervisors. Two of them gave their opinions about the problem
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day. This will not only boost employee morale‚ but it has also been reported that 85 percent of the employers which decided to provide child care services to their employees and employees children have seen an improvement in both production and recruitment and almost two out of three employers have found that when these services are provided‚ their turnover rate has reduced significantly. Problems of Absenteeism According to Karen Shellenback‚ author of Child Care & Parent
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“A Study on the effectiveness of Internal Recruitment ” 1. Age: Below 25 yrs 26 -35 yrs 36 – 45 yrs above 45 2. Educational Qualification: o Up to school level o ITI o Diploma o Degree o PG 3. Years of Experience 0 to 5 yrs 5 to 10 yrs 10 to 15 yrs above 15yrs 4. Period of Service in Integra 0. to 5 yrs 5 to 10 yrs 10 to 15 yrs above 15yrs 5. Do you permit
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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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