Case 3.5 Goodner Bothers Inc. 1. Internal controls should have included these controls; -Adequate security for the inventory -Better periodic verification of inventory -Segregated duties when it comes to inventory -Proper supervision for sales transactions and the procedures that they employ to record them -Proper authorization by management for inventory transactions 2. Internal control weaknesses - Lack of segregation of duties involving sales and recording -Security controls over
Premium Auditing Internal control Audit
At the beginning‚ we have a little opening in a casual talking way. The main topic that we discuss is ‘ cultivate soul ’‚ then two of the student think there is a book ( Serving of Chicken Soup for the Soul ) is about the ‘ cultivate soul ’ and they tell the others one of the story in the book——Mr. Washington. The story was starting in a school and the main character is called Brown. Brown is a student who is a little bit clumsy so many classmates didn’t like him. However‚ Brown met Mr. Washington
Premium Chicken Character Psychology
Chicken Pox Chicken pox is a common childhood disease that is highly contagious and is seen in children aged between 2 and 6 years old‚ although they can be of any age. Occasionally adults can contract chicken pox renamed as shingles‚ with more server symptoms. Chicken pox infections occur year round‚ but most likely occur during the winter and spring months. Some illnesses are infectious. This means that they are passes from one person to another. Chicken pox is an infectious disease and in some
Premium Chickenpox Herpes zoster Infection
and Apple Computer‚ Inc. Case Analysis Dubinsky’s primary mistake was relying on her position and reputation rather than mounting an effective‚ persuasive‚ and fact-based argument. As noted by Jay Conger in The Necessary Art of Persuasion‚ today’s employees are not content to accept a decree from above and seek to understand the reasons behind a decision. She should have taken Jobs’ JIT proposal seriously from the beginning and‚ as soon as she heard of it‚ worked to make her case affirmatively using
Premium Marco Donna Dubinsky
According to the study based on Livent‚ Inc.- An Instructional Case‚ The former senior management of Livent engaged in a multi-faceted and fraud accounting since eight years. As a further result of the scheme‚ Drabinsky and Gottlieb’s elaborated their Fraudulent Kickbacks‚ Fraudulent Manipulation of Livent’s Books and Records to accomplish in quarterly periods and meet the earnings which they provided to Wall Street analysts. Further more three Accounting Manipulations were found by transferring
Premium Audit Fraud Balance sheet
Case 7.1 Anne Aylor. Inc Planning Materially Assessment AU-C 300 Planning an Audit: Involvement of Key Engagement Team Members Preliminary Engagement Activities Planning Activities Determining the Extent of Involvement of Professionals Additional Considerations in Initial Audit Engagements Documentation Q1. a. Different users for different purposes to use financial information. Not all parts of the financial statements are equally relevant to all users. For
Premium Income statement Balance sheet Financial statements
Case 23-2: Industrial Electronics Inc. Issue: Evaluate the proposed bonus system. Background: “My division had another great year last year. We all worked hard‚ and the results were there. But again we got no reward for our hard work. It’s very frustrating.” Division Manager. KSF • Innovation. • Good cost control due to price competition. Internal Environment • Industrial Electronics Inc. sells a wide range of electronic equipment. (Like EVERY other case!!!) • $8 Billion in sales
Premium Generally Accepted Accounting Principles Management Depreciation
tables of Nike 28 11. Appendix 2 Business ethics four broad levels of ethical stance of Nike ………..29 12. Appendix 3 Triple bottom line of Nike………………………………………….29 13. Appendix 4 SWOT Analysis of Nike……………………………………………30 Executive summary Nike‚ Inc. is a leading organization in the sportswear industry. It has successfully outsourcing its manufactures in the low cost countries all over the world. This report has analysed Nike’s strategies and identified the major issues which influenced its strategies’
Premium Strategic management Nike, Inc. Strategic planning
MEMORANDUM TO: Mayra Reid‚ Vice President of Production‚ Blue Inc. FROM: Market Analyst. DATE: April 23‚ 2011 SUBJECT: Final Sales Forecasts and Predictions. In response to Blues Inc. efforts to maintain a profitable business and maintain continues growth‚ the market analyst has evaluated the market and Blues Inc.’s financial information and made some decisions that will positively impact the forecasted sales of Blue Inc. The decision made by the analyst on the first week was to increase
Premium Marketing Future Strategic management
animal food and some chickens. We also brought tools‚ pots pans and other house hold goods. We brought a cow and the kelpie was running along side. We arrived late with enough time to tend the bullocks and cow‚ set up camp for the night and have a meal of salted beef and sweetened tea. www.goseeaustralia.com.au/article_pics/Bullock_dray_with_young_driver_Dog_on_Tuckerbox_small_size.jpg DAY 2 Today we rose at sunrise. Our roosters while still locked up in the chicken coop but still able to
Premium Chicken Water Fruit