The pharmacy information system collects‚ stores and manages information related to drugs and supervises the use of drugs in line with patient care. This involves information processing which means retrieving the information from one file and using it to compare‚ update‚ or display information. This System help to reduce the risks involved in drug special consideration and drug interpretation errors. In line with this‚ this is a Semi – Expert System‚ which means the system will automatically recommend
Premium Decision support system Information systems Pharmacy
The consulting firm reviewed the cash‚ sales‚ accounts receivable‚ inventory and production functions. Based on this review‚ the consulting firm has prepared a proposal of internal controls for each function of the company. This proposal will give a background of each function and a list of the proposed internal controls. Cash Auto Parts Inc. manufactures and sells auto parts to car dealerships as well as the general public. Cash receipts come in the form of credit card‚ electronic payments
Premium Accounts receivable Invoice Sales
Published Article-Sox Institute 12/2008 The Essence of Internal Control A statement on policy and procedures issues as they relate to managements views and /or findings with regard to OMB A-123 audits. Writing position papers on justification of actions taken has raised some questions about control. There seems to be a shift in the mind set of managers now that Section 404 of Sox’s (documentation) has really kicked in with compliance performance of the financial managers responsibility
Premium Management Internal control Sarbanes–Oxley Act
ARVI MARIE S. CALONZO BSA 4B Applications of Internal Control to Cash Receipts ---Cash receipts may result from cash sales; collections on account from customers; the receipt of interest‚ rents‚ and dividends; investments by owners; bank loans; and proceeds from the sale of noncurrent assets. ---The following internal control principles explained earlier apply to cash receipts transactions as shown: Establishment of responsibility - Only designated personnel (cashiers) are authorized
Premium Receipt Cheque Asset
expense to accounts receivable written off g. Accounts receivable turn days 2. a. Describe the implications of the resulting ratios for the auditor’s audit strategy for year 20x9. b. What specific audit objectives are likely to be misstated? c. How should the auditor respond in terms of potential audit tests? 14-28 (Controls over cash receipts processing at a church) You have been asked by the board of trustees of a local church to review its accounting procedures. As a part of this review‚ you have
Premium Accounts receivable Balance sheet Inventory
Case Study Project What is the purpose of auditing? Describe the relationship between internal controls and the audit process. Answer The purpose of an audit is to provide financial statement users with an opinion by the auditor on whether the financial statements are presented fairly‚ in all material respects‚ in accordance with the applicable financial reporting framework. An audit also enhances the degree of confidence of intended users in the financial statements. Financial audits
Premium Audit Auditing Financial audit
The SWOT analysis exist in AutoZone and breakdown to internal strengths and weaknesses and external opportunities and threats (Parnell‚ 2014). Offensive strategies are known as strengths and opportunities due to through a company’s strength‚ opportunities are made available (Panell‚ 2014). On the other hand‚ the company must also recognized as defensive weaknesses within the company contributes to threats (Parnell‚ 2014). AutoZone’s SWOT analysis will determine its market share‚ sales‚ and overall
Premium Strategic management Management SWOT analysis
Executive Summary The following report relates to the internal controls of Woolworths‚ and will look to describe and analyse them with the use of flow charts. The report will then move onto give details of an audit program that has been designed to test the internal controls of Woolworth’s accounts payable. Moreover‚ possible ways of how controls could be overridden as well as how the overall system could be realistically improved will also be discussed within the report. Business Introduction
Premium Invoice Accounts receivable Inventory
Designing Internal Control System To Minimize Fraud And This paper gives an introduction to Microfinance Institutions (MFIs) informal financial service delivery mechanism which are not under any regulatory framework like the formal sector. So‚ there is a necessity to internalize a built-in internal control system through self-regulation to mitigate exposure to risk in MFI. In 2.0 sound and reliable management system for MFIs through self-regulation are discussed. Section 3.0 discussed under internal
Premium Internal control Risk management Risk
won’t give us a quick computation. Grade is the primary need in every school all over the world. Therefore‚ the researchers proposed a Computerized Grading System. This will surely help the teachers to compute grade faster. 1.2 Statement of the Objectives 1.3.1 General Objective To proposed a Computerized Grading System for Cauayan National High School-Annex. 1.3.2 Specific Objectives * To lessen the time and effort in computing grades * To avoid erasures
Premium Grade Provinces of the Philippines