Hi‚ today I’m here to argue about the strengths of Sparta. I’m going to tell you about how they started training at the age of 7 and how great of an army they were and how strong they had to be. In order to be known as the great Sparta. When a child is born‚ they take it to see if it’s strong or weak. If it’s strong‚ they take the baby back home‚ if it’s weak they put the baby on a mountain to die. So the parents raise their child till they’re 7 then he goes to the military till he’s 60. They do
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THE INTERNAL CONTROL SYSTEM The internal control system includes all the strategies‚ policies and procedures adopted or instituted by the management of an entity to assist in their objective achieving as far as practicable‚ the orderly and efficient conduct of the business and includes adherence and compliance to management policies and applicable laws and regulations; the safeguarding of assets; the prevention and detection of fraud and error‚ the accuracy‚ reliability and completeness of the accounting
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A system of internal control refers to the process by which organizations maintain environments that encourage incorruptibility and deter fraudulent activities by management and employees. An organization’s components of internal control are evaluated during the planning phase of an independent financial statement audit. The results of the evaluation directly influence the auditor’s level of detailed testing. To reduce detailed testing‚ and perhaps the audit fee‚ organizations implement common features
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Case Study 2 – Internal Control A review of policies and procedures for LBJ Company has been conducted‚ and there is a distinct lack of internal control that must be addressed in order for the company to go public. Internal control is identified as: “the process designed to ensure reliable reporting‚ effective and efficient operations‚ and compliance with laws and regulations” (Edwards‚ 1994). Additionally‚ to attract prospective investors‚ LBJ Company must follow the guidelines identified by the
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V. Internal Control & Banking Relationship Basic Controls Internal control refers to a system of financial checks and balances designed to minimize errors or misappropriation of assets‚ maximize the detection if it occur and protect the association overall. It is the treasurer’s responsibility to safeguard the assets of the association by ensuring these controls are in place. One of the basics of good internal control is that no one person handles all aspects of any financial transaction
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450‚000 400‚000 300‚000 Inventory in Units 32‚000 28‚000 21‚000 Financial Data ($000) Total Revenues 35‚200 27‚500 21‚200 Total Assets 23‚000 19‚500 15‚700 Accounts Receivable‚ Net 5‚900 4‚300 3‚900 Bad Debt Expense 175 135 105 Accounts Receivable Written Off 165 125 100 Required 1. Calculate the following ratios for 20x9‚ 20x8 and 20x7: a. Sales to total assets b. Sales to production c. Revenue per unit sold d. Accounts receivable growth to sales growth e. Uncollectable accounts expense to
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My greatest strengths in Domain 1 includes demonstrating knowledge of resources (1d)‚ designing coherent instruction (1 e) and designing student assessments (1f). One way I have shown excellence in domain 1 is through gathering materials through a variety of organizations and resources (1d). I have found that when I connect our class learning targets to currents events‚ news and topics targeting teens‚ my students show an increased level of interest. The resources I refer to include; the HBO
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overdrafts. Results indicate that only minimal efforts have been made for internal control measures in this office and companywide‚ and that weaknesses have allowed the Finance Coordinator to embezzle funds. There are many issues to be addressed‚ and several remedial actions to be taken to prevent these types of losses going forward. Strengths in the internal control system Dentistar’s internal control system has some strengths‚ including its detection policies‚ limits on access to data‚ and the review
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Analyse the strengths and weakness of the Electoral College (15 marks) The Electoral College is an old and complicated system set up by the Founding Fathers to elect the Executive branch. It was created in order to put a layer in the system of electing president as they did not fully trust democracy. As a result‚ the outcome of the president election is not determined by simply adding the national vote of each of the candidates. Each state is allocated a number of ECVs‚ one for each senator and
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There are several theories of criminal behavior and each of these theories have its own strengths and weakness. For instance‚ the strengths of psychological theory are they focused on the effects that childhood experience have on the developing personality‚ it takes both nature and nurture into account‚ this area has worked with other areas of psychology to produce the following: social learning theory‚ social cognition and artificial intelligence. But‚ the weakness of psychological theory is that
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