Accounting & Finance Faculty FNS10 Financial Services FNSACC506A Implement and Manage Internal Controls Semester 1 2014 ASSESSMENT TITLE Assessment 1 – Assignment 1 ASSESSMENT CONDITIONS/INSTRUCTIONS Take home assignment – Questions and Research Aids to be supplied by college: None. Aids to be supplied by student: None Prescribed Text book(s) Standard Dictionaries Bilingual Dictionaries Technical Dictionaries Programmable Calculators Non-programmable Calculators
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Knowing my personal strengths and weaknesses is a very important step to improving myself. It will help me to define the areas in which I need to work on most. Many people feel that working on their weaknesses will be enough‚ but to really improve myself‚ I must be prepared to work on my strengths also. Achieving my life’s goals will be greatly enhanced by knowing what my strengths and weaknesses really are and being able to improve them by improving myself. My strengths that contribute to my job
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Internal audit’s role in effective corporate governance advisory Internal audit’s role in effective corporate governance Internal audit’s role in effective corporate governance Recent events have highlighted the critical role of boards of directors in promoting effective corporate governance. In particular‚ boards are being charged with ultimate responsibility for the effectiveness of their organisations’ internal control systems. The internal audit function plays a key
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Personal Strengths and Weaknesses Recognizing your personal strengths may not be as simple as you may first think. Knowing and understanding these skills‚ personality traits‚ and job qualities is a must in today’s work society. Once these characteristics are understood and identified‚ you can begin to think about your weaknesses‚ which are generally more difficult to admit. Realizing your own weaknesses‚ and being able to admit them to your team is the first step in creating a positive learning
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I am an ISTJ‚ and I have some strengths and weaknesses. Here are some of my strengths. I’m very honest and direct. And I’m strong willed and dutiful. Working hard and staying focused is my goal. Very patient and responsible. Promise means everything and I’m very calm and practical. I keep my feet on the ground and won’t lose my temper. And I make clear rational decisions. People’s preferences are a factor to consider. I believe that if everyone is involved and knows what is going on you will get
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Internal customer essay The internal customer is not new‚ nor is it a purely public sector concept. The idea was first used almost forty years ago to describe different forms of administrative relationships within the private sector (Sayles‚ 1964). It stemmed from an understanding that in any organisation all staff are both the providers and receivers of services and‚ critically‚ if poor internal service exists‚ then the final service to the external customer will be diminished. The quality
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Internal Accountant’s Report to Management The company is thinking about performing a full financial status review prior the release of an upcoming government contract bid. This report will provide supporting information for a full financial status review prior to bid. This supporting information will include the impact of occupational fraud and abuse on the company and how the governmental oversight of accounting and fraud affects the company. The report will also provide potential corruption
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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
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Rikitha Muppala Ms. Kinzer English 9H 2/2/15 My Personal Strengths and Weaknesses Everyone has their own personal strengths and weaknesses. I believe that life is a learning experience and being able to recognize our own strengths and weaknesses can help us become better individuals. Knowing yourself and what you can do‚ can help you overcome your weaknesses. One of my greatest strengths that I have recognized is my ability to be a well-organized individual. Being organized
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Chapter 7 – Internal control Internal control – steps taken by business to prevent fraud – misappropriation of assets and fraudulent financial reporting‚ COSO defines IC as means to an end Achievements of objectives in the area of financial reporting‚ operations‚ compliance with law and regulations Foreign corrupt practices act: Transactions authorized with the knowledge of and authorization of management Means of achieving internal control – preventive control – prevents fraud ex: segregation
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