and be prepared. A contingency allows a business to respond to disasters and threats quickly which can potentially save time and money. The plan is to able your business to operate despite the disaster‚ or at least keep the business closed for a minimal amount of time. The contingency plan should be simple and easy to follow by everyone in your team. The way I do it is to make a list of all the most vital operations we have in place for the business to run day to day such as refrigeration and cooking
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AB140: Introduction to Management Unit 6 Assignment When operating a successful business there must be a type of control system to assure the organization is kept together and headed in the right direction to accomplish achievements and/ or goals. A control system consists of four steps that must correlate to sustain balance within the organization. The four steps of control consist of setting performance settings‚ measuring performance‚ likening performance against the standards and determining
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you want to announce details about this year’s company picnic. I think this would be horizontal flow because this helps employees to share information. They type of communication that I would use is a bulletin board notice or a memo. The reason I picked bulletin board notice is because some employees may use the bulletin board for communication and if they see the notice‚ then maybe they would tell everyone about the picnic. I also picked memo because not all employees may see the bulletin board notice
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Topic One: Accounting Information Systems: Theoretical foundation and overview Drivers for business & I.S change Globalisation o Force behind globalisation is technology. o Changed the way we communicate‚ transport goods and services‚ and travel. o Enabled organisations to interact with partners‚ suppliers and customers in virtual environment. Deregulation o Removal of constraints on competitive market forces through free trade agreements. E.g. Australia-China‚ Australia-New Zealand
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Topic:Responsibility Accounting and Cost Control. Subject: Management control systems Index: |Sr.No |Topic |Page No | |1 |Meaning of Responsibility Accounting |3 | |2 |Steps involved in Responsibility Accounting
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example: * Manufacturing companies will need a set of procedures and documents for the production cycle; non-manufacturing companies do not. * Government agencies need procedures to track separately all inflows and outflows from various funds‚ to ensure that legal requirements about the use of specific funds are followed. * Financial institutions do not need extensive inventory control systems. * Passenger service companies (e.g.‚ airlines‚ bus‚ and trains)
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Accounting Information Systems FINAL STUDY Chapter 7 The accounting cycle begins with a transaction by the customer to purchase a product and ends with the closing of accounts for the next period in the accounting cycle The methods for accounting for the accounting cycle are through Journals‚ Ledgers and Trial balances and financial statements. AIS use numeric or alphanumeric codes to record‚ classify‚ store and retrieve financial data There are 4 types of codes they are Mnemonic codes‚ sequence
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Professor Noh The Future of Your TV Response Paper Change is inevitable. Our world has seen changes from generation after generation in all aspects of life. In relation to this course‚ more specifically‚ our “television” underwent the most drastic changes in the shortest amount of time. Although the first type of television was created in 1884‚ the late 1920s showed the world the first real television which become common in homes and businesses. Since then‚ our television has undergone the most
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occur if the threat becomes reality. Likelihood is the probability that the threat will occur. Internal control is the policies‚ procedures‚ practices and organizational structure designed to provide reasonable assurance that business objective will be achieved or detected and corrected. Internal control objectives 1. Safeguard asset 2. Maintain records in sufficient detail to report company assets accurately and fairly. 3. Provide accurate and reliable information. 4. Prepare financial
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Accounting Information System Overview a) Define Accounting Information System (AIS) (3 marks) An accounting information system is a collection of data and processing procedures that creates needed information for its users. It also can define as the information subsystem within an organization that accumulates and processes information from the entity’s various subsystems and communicates this information to the organization’s users. b) Compare and contrast between
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