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 to handle cash receipts. Segregation
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Purchasing Department and other Departments In a firm with a good system of internal control‚ all purchases of machinery‚ equipment and materials must go through the Purchasing Department. The department that wishes to purchase something cannot directly order it‚ but instead creates a document called a requisition‚ which must be approved by the appropriate person (i.e.‚ the one with the authority to approve requisition). The approved requisition form is sent to the Purchasing Department. The
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this essay is to determine the vulnerability of computerised accounting information system to computer crime and the solutions to prevent such crime from occurring in organisations. Ever-Changing information technology has made computerised accounting processes easier. However‚ it has also created significant threats in relation to ensuring the security and reliability of computerised accounting information systems. Using an accounting software package such as MYOB can be vulnerable to frauds if
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Predicting anticipated cash shortages is vital for a business. Budgeting allows us to gain an understanding of when these cash shortages might arise and how to best manage them. For example predicting a cash shortage ahead of time will allow applications for loans to be made and hopefully approved depending on current financial situations. 3.14 While it is a good idea to have some cash saved for a rainy day having too much can be a negative for a business. For example extra cash can be used for expansion
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[pic] Student ID 10038405 RESEARCH METHODS RESEARCH PROPOSAL MSc. ACCOUNTING & FINANCIAL MANAGEMENT (FAST TRACK) NAME: MAILES MBEWE LUPIYA DATE DUE: 29th MARCH 2012 WORD COUNT: 1500 TABLE OF CONTENT 1.0 INTRODUCTION……………………………………………….. 3 2.0 LITERATURE REVIEW………………………………………….. 4 3.0 RESEARCH PARADIGM‚ METHODS………………………… … 5 4.0
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Aesthetics/ Styling and Design/ Representation and Visual Culture Dr. Hart’s Family Receipt and Cookbook‚ published in 1875‚ is a collection of recipes and home remedies. The enticing aesthetics of Dr. Hart’s Family Receipt and Cookbook add to the appeal and marketing of the pamphlet. This paper will discuss how the pictures in the pamphlet‚ the style of the words‚ the binding‚ and the overall look contribute to the aesthetic qualities and design of the pamphlet and how it furthers its marketing
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ACETATE DEPARTMENT 1. Analyze the Acetate Department’s technology‚ before and after the change‚ by identifying its task variety and analyzability. The task variety was lower and the conversion process was more analyzable before the change. Before the change‚ there were more employees responsible for the actual process of taking the raw materials and creating the product. Employees had specialized tasks and the problems typically occurred less when employees had specialized tasks. The employees
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Cash? Or Everything That’s Not Cash? In the 1960’s‚ Frederick Herzberg told us that money is a lousy motivator. I have to disagree with this theory‚ based on the reasons people get jobs and my own personal working experience. There are many reasons people do get jobs‚ but most of the main reasons still stem back to money‚ whether is health insurance‚ free services through the employer‚ or the actual pay itself. There may be other types of motivators as well‚ but the main reason that person
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ARTICLE VIII JUDICIAL DEPARTMENT Section 1. The judicial power shall be vested in one Supreme Court and in such lower courts as may be established by law. Judicial power includes the duty of the courts of justice to settle actual controversies involving rights which are legally demandable and enforceable‚ and to determine whether or not there has been a grave abuse of discretion amounting to lack or excess of jurisdiction on the part of any branch or instrumentality of the Government. Section
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discounted cash flow (DCF In finance‚ discounted cash flow (DCF) analysis is a method of valuing a project‚ company‚ or asset using the concepts of the time value of money. All future cash flows are estimated and discounted to give their present values (PVs) — the sum of all future cash flows‚ both incoming and outgoing‚ is the net present value (NPV)‚ which is taken as the value or price of the cash flows in question. Using DCF analysis to compute the NPV takes as input cash flows and a discount
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