TEST OF CONTROLS – REVENUE TRANSACTIONS |Audit Objective |Audit procedure |Findings | |General | | | |Validity |Observe
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Resource Allocation in Hotels –Alternative Distribution Options The number of reservations flowing to hotels through the electronic and switchboard distribution channels – the Internet and reservation call centers – is growing steadily. Once a minor contributor of bookings‚ they are now primary business sources and grow more important with every passing month. This productivity growth has heightened emphasis throughout the hotel industry on using the electronic and switchboard distribution channels
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Financial Status of Toyota Motor Corp. Overall‚ the global economy in fiscal 2012 continued on a recovery path‚ reflecting economic growth in Asian countries‚ including China‚ and a gradual economic upswing in the United States. In Japan‚ despite the serious economic impacts of the Japan Earthquake and the strong yen‚ the Japanese economy moved gradually toward a recovery‚ with signs of an upturn in consumer spending and investments in the private sector The Toyota Industries Group undertook
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Allocation of Fixed Costs ACC 403 Principles of Accounting The articles describe two different approaches: Lean accounting and activity based costing. Both have pros and cons and the selection of "what is best for allocating IT" likely rests with the culture and types of businesses. I personally believe that activity-based costing‚ which essentially casts IT as a variable cost‚ making users sensitive to the requests they make of IT because every request is an incremental cost to their
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Dual federalism and Cooperative federalism. In dual federalism‚ “power is divided between the federal and state governments in clearly defined terms‚ with state governments exercising those powers accorded to them without interference from the federal government”. This implies that the federal and state government share sovereign power over an area of people. Cooperative federalism is defined as “one where federal‚ state and local governments are able to cooperate to solve common problems. Because
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BERGERAC CASE STUDY Summary The purpose of this report is to analyze the opportunity to produce plastic components for cartridge production and choose the best alternative. It is predicted that the annual demand growth is a triangular distribution with a minimum of 5%‚ most likely of 17% and a maximum of 25%. Due to the continuous growth in the demand‚ the alternatives cannot be compared using just the data for 2010. An analysis is carried out for the time period 2011 to 2015 and the present worth
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Expansionary Fiscal Policy is identified when government spending is higher than its revenue. Expansionary fiscal policy can be used in order to either stimulate a sluggish economy or to slow down an economy that is growing at a rate that is getting out of control (which can lead to inflation or asset bubbles). Fiscal policy directly affects the aggregate demand(AD) of an economy. Aggregate Demand = Consumption + Investment + Government Spending + Net Exports Fiscal Policy has an effect on each
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Federalism as we know it was created in 1789 as a response to the failures of the Articles of Confederation and the tyranny of monarchy. The founding fathers sought to create a system that cultivated ideas with states functioning both as innovators and test subjects‚ yet as time has passed federalism has dramatically evolved from the dual system it once was. As 200 years have come and gone‚ so has government evolved and changed throughout the year; similarly‚ public policy has tried to keep up with
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The Positive and Negative Effects of Globalization in Nigeria Globalization according to Clark and Wallace (2003) refers to a “greater interconnectedness of the world’s financial‚ economic‚ technological‚ political‚ cultural‚ sociological‚ ecological‚ and geographical systems” (p. 447). Globalization has various effects both positive and negative on the countries that choose to achieve the worldwide connection. In the case of Nigeria‚ which is classified by the U.S Department of State as a developing
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nline Advertising in Nigeria One of the best channels for promoting brands ‚ products and businesses is Internet advertising and it has evolved into one of the most explored new mediums available today. The popularity of the Internet as a new media channel has exploded in recent years‚ attributed mostly to faster‚ more reliable and more affordable broadband connections . More and more advertisers are shifting from traditional advertising channels and going online in order to maximize audience
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