Internal Control: Management Information System (MIS) The OLUS HOTEL is a 100% Filipino-owned corporation duly registered with the Securities and Exchange Commission since June 2009. It is a three-story building along Quezon Hi-way. Situated at the techno hub district of Quezon‚ its presence has helped spur the current thrust and development of other areas going farther north. This synergistic relationship has given several competitive advantages‚ which are translated into profits for the sustainable
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Upon finishing the two exercises‚ I have concluded that external locus of control plays a huge part in my life. I found multiple correlations between the two scores‚ I have always taken everything lightly and I have procrastinated until the last minute to do things‚ I have told lies on why I couldn’t do the work multiple times to my instructors‚ I lack motivation to follow through with my plan of action (Trust me I have made a lot of those). I feel like something is missing from my life which makes
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avoids influencing subjects in any way and tries to be as inconspicuous as possible. 2 Four Main Types of Research Historical research - describes what was-mostly nonobtrusive Descriptive research - describes what is-mostly nonobtrusive Correlation research - makes comparisons‚ looking for trends or tendencies Experimental research - describes what will be - mostly obtrusive 3 Historical Research A systematic process of searching for information and fact to describe analyze or interpret the
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Internal Control and Risk Evaluation Internal controls are the key to running a successful business. Kudler Fine Foods‚ after reviewing flowcharts created by Accounting Team A‚ is requesting information regarding controls for system improvements. Presented here is an analysis of their current accounting information system‚ risks and controls associated with this system and an evaluation of applying internal controls to help mitigate risks and losses. Risk Analysis Assessing risk is a difficult
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twelve metropolitan areas in the Philippines. The Online Geographical Live Forecasting System of Olongapo City is to provide protection of life and property against natural hazards due to typhoons‚ floods‚ giant waves‚ and high seas. To utilize scientific knowledge and information as an effective instrument to ensure the safety‚ economic security and improve the quality of life of all the people and the environment. The proposed system provides a user friendly website that helps the citizens view weather and
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client’s payroll function 1. To confirm that the payroll function is properly controlled and operating efficiently. 2. To ensure that authority for all pay entitlement is clearly defined and effectively exercised. 3. To ensure that employees on the payroll are valid and that leavers do not remain on the payroll. 4. To ensure that salary additions are bona fide & timesheets are authorized 5. That payroll deductions are correctly applied. Auditors evaluate the design of controls‚ then determine
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critically analyze the • To evaluate the importance of having Internal Control procedures within ‘The Bargain Centre’ Aims: • To investigate the number of different internal control procedures used within ‘The Bargain Centre’ • To gain knowledge of how the different internal control procedures help secure the business against theft and embezzlement etc. Data collection: In order to carry out my research on Internal Controls within ‘The Bargain Centre Supermarket’ I have observed over
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accountability and accuracy for public companies. It is important to the account profession because companies were required to have met certain conditions or face the consequences. The Act requires all public companies to create an audit committee‚ which will be part of the board of directors‚ and will need to include at least one accountant or someone who is “financially literate” and knows what he/she is doing at all times. It also requires public companies to hire outside firms to perform their financial
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bank 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‚
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computer system constantly in order to stay competitive. The multi function ability of technology for its advance system is also an important factor for a company to use software. It makes efficient use of the advance technology and has ambition to discover more. Computers have the great impact on the profession of accounting. With the rapid growth of technology today‚ there is no doubt that computer will become a common asset in all profession. The program also allows the monthly payroll schedule
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