Internal & Managerial Control “Internal (Management) Control is the set of accounting & administrative controls and practices that help ensure that approved and appropriate decisions are made in an organization” * in other words‚ to make sure that the right thing happens and the wrong thing does not happen‚ either purposely or accidentally Why Internal Control? 1. To safeguard the assets against waste‚ loss & misuse 2. Check the accuracy and reliability of accounting data
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Implement Operational Plan Unit code : BSBMGT402A Created by : Rupali Crown Institute and Busines Technology 1 Section : 1 Implementing operational Plan Developing an operational plan involves number of steps that identify what the team needs to achieve its goals . Resources needed to successfully carry out the tasks such as : goods and services to be purchased‚ human resources ‚ physical resources including facilities and equipments ‚ financial resources ‚ stock requirements and requisitions
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about the history of human rights violation. RECEIVED A CERTIFICATE YEAR : 2013 WORK EXPERIENCE BUSINESS : MDA HAIR SALON POSITION : HAIR STYLIST YEAR : 15/09/2011 - 11/09/2012 REASON FOR LEAVING : RETURNED BACK TO SCHOOL CONTACT : 078 7478 573 NAME : ABIGAIL MDA BUSINESS : KOFI HAIR SALON POSITION : HAIR STYLIST YEAR : 15/09/2012 – 16/01/2013 REASON FOR LEAVING : RETURNED BACK TO SCHOOL CONTACT : 076 626 3656 NAME : KOFI BOAHEN
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Develop and implement a risk assessment plan in own area of responsibility. Candidate Explanation There are many regulations that require risks to be assessed.Some are covered by European Community directives.Very important is to follow them when making risk assessments‚these include: -Reporting of Injuries Diseases and Dangerous Occurrences Regulation 1995(RIDDOR) -Management of Health and Safety at Work Regulation 1999 -Manual Handling Operation Regulations 1992(amended 2002) -Control of Substances
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Internal Controls XACC/280 April 7‚2013 Axia Internal Controls Internal controls are put into place to safeguard a company’s assets and to promote the accuracy of their accounting records. There are two primary goals of internal controls. The first goal of internal controls is to safeguard it’s assets from employee theft‚ robbery‚ or unauthorized use. When there is a large some of money there is temptation from employee’s to take some of it. Many employees believe they are underpaid
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Chapter 7 – Internal control Internal control – steps taken by business to prevent fraud – misappropriation of assets and fraudulent financial reporting‚ COSO defines IC as means to an end Achievements of objectives in the area of financial reporting‚ operations‚ compliance with law and regulations Foreign corrupt practices act: Transactions authorized with the knowledge of and authorization of management Means of achieving internal control – preventive control – prevents fraud ex: segregation
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Case Study 2 – Internal Control TO: LJB Company President FROM: Andrea Johnson DATE: February 8‚ 2013 SUBJECT: Internal Control It is with great pleasure that we can provide you information and advisement on internal controls that will assist LJB Company with going public. We understand that you have communicated your concerns and expect that this report will assist you with deriving conclusions. This report will: 1. Inform you of any new internal control requirements in reference to
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Develop a business plan Submission details Candidate’s Name Candidate’s ID number Assessor’s Name Assessment Date/s Time/s Instructions to Students 1. You must accurately complete the Student Assessment Pack. 2. Your Assessor may want to discuss written answers with you to get further evidence of your understanding and to check that it is your original work 3. You need to submit Assessment Cover Sheet for each assessment. 4. You are permitted to use dictionaries and to seek support‚ as required
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In system theory‚ an open system is a system which continuously interacts with its environment or surroundings. The interaction can take the form of information‚ energy‚ or material transfers into or out of the system boundary‚ depending on the discipline which defines the concept. An open system is contrasted with the concept of an isolated system which exchanges neither energy‚ matter‚ nor information with its environment. The concept of an open system was formalized within a framework that enabled
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old cartridge in they are then given a 10% discount against the cost of a replacement cartridge. 4.3 Its mains mission is to save customers money by not compromising quality and at the same time help ensure a greener environmental future by better use of inkjet and toner cartridge. 4.3 Inkwell is a company‚ mainly owned by shareholders. The managing director own the most numbers of share‚ while both the sale
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