contains background of the study‚ statement of the problem‚ purpose of the study‚ research objectives and questions‚ scope of the study‚ significance of the study the organization of the research 1.1 Background of the Study Micro-finance concept has operated for centuries in different parts of the world for example‚ Notable in Indonesia‚ cheetu in Srilanka‚ tontines in Ghana West Africa and pasanaku in Bolivia. One of the earliest and longest serving micro-credit organization providing small loans
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for an Internal Control System ACC/544 December 2‚ 2013 Justification for an Internal Control System The internal control system has been used since the company was in need of the system and until this day it has been working to its fullest potential. Internal control plays an important key in making sure that the accounting information‚ financial data‚ meeting the targets‚ and ensuring that the management policies are getting followed. There are two elements in making an internal control
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You Can’t Control your Reputation! Epictetus‚ a slave turned philosopher‚ was interested in the idea of inner peace from a young age. After being freed‚ he wrote a book detailing the journey to inner happiness‚ “The Manual”. In this text‚ he states that the only things that you can control are the things within your mind. In order to reach inner peace‚ you must accept that some things are out of your control and you cannot change. The only thing you can do is respond to what others do unto you
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owners on the importance of sound internal controls. Facilitating management’s conclusion on the effectiveness of the design and operations of internal controls within their respective areas Perform process documentation and tests of controls which will be used to support management’s overall evaluation Consolidating results to CEO and CFO for their final conclusion. Educating management and process owners on the importance of sound internal controls. Facilitating management’s conclusion
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may make a company more attractive to potential buyers‚ investors‚ and other capital sources. Under SOX Section 404‚ all publicly traded U.S. corporations are required to maintain an adequate system of internal controls. Corporate executives and boards of directors must ensure that these controls are both reliable and effective. Public Offering The transformation of going from a private to public requires some extensive planning and preparation. It is recommended that LJB‚ being a relatively
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who excels at verbal learning. Noticing the varied differences‚ we can improve how we communicate with others and make sure every person is learning without struggling. To insure each of us enforces our learning to the best of our ability‚ we can evaluate our communication style. Evaluation can show where we might lack or exceed. Evaluation can happen in various ways‚ one way we evaluated ourselves was by the activity “Communications Style Inventory.” After the class was done completing the activity
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Table of Contents STAGE B: ASSESSING THE PRELIMINARY LEVEL OF CONTROL RISK 2 ASSESSING CONTROL RISK 2 Assessing control risk below the maximum level 5 Assessing Inherent Risk …………………………………………………………………………………………..…………………5 Relationship Between the Assessments of Inherent and Control Risks…………………………..……..……6 Identifying Specific Controls Relevant to Specific Assertions………………………………………………..……..6 Types of Control Activities that Relate to Financial Statement Assertion……………………………..……..7 STAGE C: OBTAINBING
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ACCOUNTING SYSTEMS‚ INTERNAL CONTROLS‚ AND ETHICS Prepared for the course team by Vimlesh B. Narayan Unit 1 Contents Unit 1 Contents 2 Concept Map 3 Learning Outcomes 4 1.1 Introduction 5 1.2 Accounting System Design 6 System Objectives and Design Factors 6 Designing the System 8 1.3 Internal Control Systems 17 Objectives of Internal Control Systems 17 Structure of Internal Control Systems 18 Why You Should Consider the Components? 21 Internal Control Principles and Limitations
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Exposure is the potential dollar loss that would occur if the threat becomes reality. Likelihood is the probability that the threat will occur. Internal control is the policies‚ procedures‚ practices and organizational structure designed to provide reasonable assurance that business objective will be achieved or detected and corrected. Internal control objectives 1. Safeguard asset 2. Maintain records in sufficient detail to report company assets accurately and fairly. 3. Provide accurate
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Essay Dating Your Best Friend I have a boyfriend who I have been dating for 7 months now; we started out on February 12‚ 2011. His name is Isaac Mendoza‚ and I am very lucky to have him as the person who I share my life with. Why? We have known each other since we were six years old. He has been my best friend since then and we literally know everything there is to know about each other‚ the good things and also the unfortunate bad things. So that whole “dating your best friend” is not an issue
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