Flynn Problem 8-1A 1. The principle of internal control violation is separation of duties. The person that records the incoming cash receipts should not be the same person that is posting the customer payments to their accounts. My recommendation to the business would be that they have one person recording the incoming cash receipts‚ and they should assign another employee to take over posting the customer payments to the right accounts. This will ensure that payments will get
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arrangement with Commercial Bank of Ethiopia. Organizational Structure HCPO is headed by a General Manager (GM) Head quarters has 3 main department and 6 supportive department. The 3 main departments are * Design & Construction * Material Supplies & Logistics * Medium & Small Scale Enterprise Extension The 6 supportive departments are * Finance‚ Procurement and Property administration * Plan‚ Research & Budget * Human Resource * Legal * Audit
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Statement of Cash Flow Claudette Elliott‚ Lavern George‚ Tristan Hampton‚ Meagan Jones‚ dawn Prichard ACC/421 December 5‚ 2012 Paul Andoh Statement of Cash Flow The importance of cash the cash flow statement help businesses and creditors understand how liquid a company is. Team A discussed some important factors about the statement of cash flow. The purpose of the statement of cash flow and how it is used in accounting is explained. The direct and indirect method of preparing a statement
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HACKING AND IMPLICATIONS FOR COMPUTERIZED ACCOUNTING INFORMATION SYSTEM Introduction Along with the growth of computerized accounting information system (CAIS)‚ the threats to the security of these systems have also grown. One such threat is hacking. In the recent years hacking has become a serious concern for businesses. Although‚ most hackers claim that they indulge in this activity for intellectual challenge‚ this is not always the case. In this paper we learn that hackers attempt to bypass the
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Background of the Study For having sufficient amount of capital‚ cash is the most important source of every aspect of investment. To improve the performance of the business as well as to introduce new business opportunity in the organization cash is very important. Since cash is the most powerful working capital component‚ the collection and payment of cash must be studied carefully. Therefore‚ this project tries to show how cash is controlled and managed by taking United Bank S.Co. as a representative
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In financial accounting‚ a cash flow statement‚ also known as statement of cash flows or funds flow statement is a financial statement that shows how changes in balance sheet accounts and income affect cash and cash equivalents‚ and breaks the analysis down to operating‚ investing‚ and financing activities. The primary purpose of a statement of cash flows is to provide relevant information about the cash receipts and cash payments of an enterprise during a period. Essentially‚ the cash flow statement
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Plans • Part C Language Proficiency • Part D Academic Qualifications • Part E Curriculum Vitae and Employment Information • Part F References • Part G Scholarship Part H Survey • Part I Checklist • Part J Other Information • Part K Declaration and Signature • Part L Reference Form How to complete this application form • Please write in indicated boxes • All personal information should correspond with your certificates/passport‚ e.g. spelling of names • All documents must either
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Examining Social Media Benee Rooks HUM/186 02/02/11 Nalin Pant Assessment A‚ Part One - Examining the Use of Social Media and its Impact on Corporate CommerceDetermine the pros and cons of the listed social media sites. | Blogger Pro: Ability to create a community Digg Con: Not relevant to the niche audience Digg Con: Not a good way to build buzz in the beginning Digg Con: Limited access from target audience Facebook Con: Character limits Facebook Con: Too much information -
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Statement of cash flows Cash is the blood of a business – it has to flow evenly. Holding plenty of cash is never a bad thing but there are exceptions to this as well. On the other hand‚ too much outflow in one area is the equivalent of getting shot and seeing blood pour out from the hole. The basic and key idea is that cash is what a company needs to be healthy and generate earnings. What Is Statement of Cash Flows? The Statement of Cash Flows (SCF) is distinct from the Statement of Comprehensive
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Cash Discount on Sales Cash discount is the discount offered by seller for paying cash early. Cash discount is only offered on credit sales where the customers do not pay at the time of sale but promise to pay latter. There are two methods of accounting for sales that offer cash discounts; the gross method and the net method. These two methods are explained with the help of the following example: Example Suppose Company A sells certain goods at a price of $4‚400 with terms of payment
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