------------------------------------------------- Certificate in Further Education Teaching ------------------------------------------------- PTLLS / CTLLS 7304 Level 3 / 4 Assignment 6: Explain/justify the need for keeping records and describe the types of records you would maintain? 1st of November 2009 Record keeping Record keeping is an essential element without which it would be impossible to ascertain many important factors integral to the teaching and learning process. How a learner is progressing‚ whether they
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Purpose and requirements for keeping financial records Keeping accurate and properly managed records will contribute the success of business in following ways: • Highlights the financial problems and enable remedies to be put in place • Provides valuable information for the future sale of your business where that is required • Helps to mange things shortly and saves your time • Fulfils the obligations as to taxation law • Provides information of management and helps to take further decisions
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It was a small‚ circular‚ mysterious mirror. When Eric picked it up‚ he saw his crystal clear reflection‚ enhanced by the smooth‚ silver glass. He looked up out of the old boxes he was rummaging through to find the rest of his dimly lit garage. He could hear kids playing outside and he rubbed his hands together‚ trying to remove the sting of the bitter cold. He picked up the mirror‚ and took it into his mansion of a house in a quiet‚ peaceful suburb. It was a Midwestern winter‚ and the days were
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External/Internal Factors of Management Wal-Mart is an organization that has been extremely successful in achieving its goals of becoming top retail store in the world. Managers for this organization must plan‚ organize‚ lead‚ and control each component of this organization in order to secure its success. There are factors‚ internal and external‚ that can impact these four functions within an organization. Management ’s responsibility is to take these factors into consideration to ensure that
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on Academic Research Case The need for an Internal Auditor Report to External Stakeholders to Improve Governance Transparency Naimah AlBaharnah Prof. Liotta‚ Joseph P AC629‚ Contemporary Issues In Auditing June 19‚ 2014 What is the issue being addressed in the paper? Sarbanes Oxley mandates requires all public companies to establish internal controls and procedures for financial reporting. In addition they must document‚ test and maintain those controls and procedures to ensure their effectiveness
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Internal And External Factors Paper Maria Giron MGT/230 Kevin Harris Internal and External Factors Paper The four functions of management are planning‚ organizing‚ leading‚ and controlling. Planning occurs within these functions of a business‚ and it helps to deliver strategic value. Organizing will build a dynamic organization and leading will mobilize people. Controlling is part of learning and changing as the organization grows. All four functions of management are the key concept to effective
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misplaced charts‚ lost papers‚ or coding/billing problems. The facilities that still use paper charts have them locked up and the ones that use electronic charts have them password protected. The medium facilities keep their patients privacy by upholding the HIPAA laws or having the charts where no one can see them. Most medium facilities that use electronic records do not lose their patients chart since they have them on computers‚ the ones that still use paper charts are more likely
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Internal cash control is very important to any business. Without effective methods in place to ensure that funds and resources are being used in an ethical and efficient way‚ a company may lose money or run into many other problems. Through proper establishment of responsibly‚ segregation of duties‚ document procedures‚ and security measures‚ any company should be able to maintain their funds and feel confident that their employees are producing accurate and ethical results. In the exercise detailing
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Evaluate the scenarios internal controls and reveal their weaknesses Dora I. Gonzalez Devry University Abstract Why Internal Controls? An efficient internal control system aids the company to achieve its mission and accomplish set objectives and goals. An effective internal control systems helps promote orderly‚ economical and efficient operations‚ along with producing quality products and services consistent with the company?s mission. Safeguard resources against loss due to waste
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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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