Internal & Managerial Control “Internal (Management) Control is the set of accounting & administrative controls and practices that help ensure that approved and appropriate decisions are made in an organization” * in other words‚ to make sure that the right thing happens and the wrong thing does not happen‚ either purposely or accidentally Why Internal Control? 1. To safeguard the assets against waste‚ loss & misuse 2. Check the accuracy and reliability of accounting data
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“Ahhhhh‚” Joshua yawned. He was starving‚ as he had just woken up from a long night’s sleep. “Joshua! You atlantic cod better come and join the family for breakfast! We are going to hunt for herring today‚” Joshua’s Mom‚ Caft called. Joshua was wide awake‚ herring was his favorite food. “Coming‚” he said as he swam to his parents. Joshua and his family then went hunting in the Bay of Biscay. They had a hearty breakfast of herring‚ crabs‚ and lobsters. After eating Joshua’s family wanted to swim
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INTERNAL ACTORS (AND EMPLOYEE REPRESENTATIVES) Directors The most prominent group of actors in corporate governance are the company’s directors. They can be either executive or non-executives directors (NEDs); the numbers and split of executives to NEDs will partly depend upon the regulatory regime of the country. It is generally the case that investors and regulators prefer there to be more NEDs‚ as their independent scrutiny of the company‚ its controls
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Metro-Internal Overview of the Current Scenario Week1: Average Team Strength – 12; Average Productivity – 6.5 Week2: Average Team Strength – 10; Average Productivity – 7.2 Learning & Observations: 1) The market as a whole is quite receptive to the Cash & Carry concept saving a lot of effort in terms of making customer calls. 2) There is a major chunk of our prospective customers in the outskirts of the city; but many of them don’t have a valid business licence or don’t have
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changed to be the apprentice of Gentile’s brother‚ Giovanni Bellini. Giovanni’s influence can be seen in some of Titian’s early paintings. Throughout his life‚ Titian became very famous for his artwork. His first major masterpiece “Assumption of the Virgin” is still displayed in a church in Venice. After his first piece’s success‚ he continued painting‚ gaining more recognition‚ till he was painting for royalty. A few of the famous people he painted include Pope Paul III‚ Holy Roman Emperor Charles
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The Marriage of the Virgin‚ a painting by Raphael‚ shows the fundamental aspects of a Renaissance artwork. This particular piece enthralled me from the moment I saw it. Raphael added finer details to The Marriage of the Virgin that‚ at first glance‚ I had not noticed but‚ upon further examination‚ could be spotted. For instance‚ the priest’s robes are sketched with elegant patterns‚ and the draping of Joseph’s clothes adds a sort of three-dimensional effect. Moreover‚ Raphael added faint halos over
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This chapter ‘North American in the Atlantic World‚ 1640-1720” covers in spite of being taken from Africa‚ the sweat and blood of these Africans contributed to the birth of the beautiful nation that would eventually recognize their descendants as equals. There were people crying for freedom and liberty from tyranny built a nation out of greed and unethical acts. The rapacious desires of a nation to gain wealth and possessions lead to the emotional and psychological trauma of West Africans and African
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How formalized is the organization? Provide examples of formal rules and procedures‚ and indicate whether they are always followed. In an organization‚ formalization refers to the extent to which employee behavior is steered by rules and regulations that govern the organization and the degree to which these rules and regulations are standardized within the organization. It is usually an essential part of large organizations in order to ensure that their complex structures are working effectively
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Killer in the Virgin Suicides In general‚ a suburbia is a place that everyone love to live in‚ because it is clean‚ quite and away from the busy city. Also‚ people in the suburbia are familiar with each other and will help when someone needs help. Having a car‚ having a stable job‚ owning a house and having a comfortable family is what the American dream is‚ and all those things could find in the suburbia. In the novel‚ The Virgin Suicides‚ it show a complete different story. The Virgin Suicides is
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on a survey of the Virgin Group’s sustainability report that summarize the Virgin companies’ sustainability strategy‚ evaluating the sustainability report based on the Global Reporting Initiative (GRI) principle‚ to comment performance indicators and making recommendations‚ which can improve the sustainability report. Virgin Group’s Corporate responsibility and sustainable development report 2010 emphasizes the range of corporate responsibility and sustainability issues the Virgin companies face operating
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