company‚ a few internal controls should be implemented to comply with the Sarbanes-Oxley Act (SOX). * Management will need to provide periodic quarterly reports to evaluate the effectiveness and reliability of LJB’s internal controls over financial reporting procedures. * Management should certify the accuracy and fairness of presentation of their financial statements. * Independent auditor(s) outside of LJB will need to attest to management’s assessment of said internal controls. Additionally
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the deposals of capital assets with reference to Air Canada. Define cash and accounts receivables and explain the recognition and valuation of receivables. Identify and compare depreciation methods. Table of Content Introduction Task 1: Internal Control and Cash Task 2: Receivables Task 3: Noncurrent Assets Task 4: Recommendations Conclusion References Introduction Air Canada is counter as Canada’s flag carrier. It is Canada’s largest international‚ domestic and US transborder airline
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Inventory Control Systems QRB/501 April 15‚ 2013 Thomas Allen Inventory Control Systems For most retailers and manufacturing companies‚ the right inventory control system can help an organization maximize profits while reducing inventory costs. These systems are widely sought after by large‚ medium‚ and small size organizations in the assistance relating to timing and quantity production. Retailers and manufacturing companies need to decide when to order product from suppliers to satisfy the
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Accounting System Controls In accounting systems‚ certain controls are needed to ensure that employees are doing their jobs properly and ensure that the system runs properly. These checks are in the best interest of the organization. These controls come in the form of internal and external controls for the system. The internal controls are the checks that are placed in the system my the company ’s own management and directors. Today more and more companies are moving from the manual accounting
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ICC-1 Apollo Shoes‚ Inc. Internal Control Questionnaire Sales Transaction Processing December 31‚ 2007 Objectives and Questions Yes‚ No‚ N/A Comments Environment: 1. Is the credit department independent of the sales department? Yes. Credit manager in Treasurer’s office 2. Are sales of the following types controlled by the same procedures described below? Sales to employees‚ COD sales‚ disposals of property‚ cash sales and scrap sales. No available information‚ apparently not applicable
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Marketing Plan for Silent Hair Drier: Customer Perception: How many times have you been woken up in the wee hours of the morning because your girlfriend/wife feels that this is the right time to dry her hair? This is a daily problem in households all over the world. Collaborating our innovation with latest technology‚ We at XYZ have developed the solution‚ Our Very own ABC hair dryer. It is the MAC of hair dryers. Its stylish‚ effective‚ southing for your ears ‚ gentle on your hair for daily
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Committee of Sponsoring Organizations (COSO) Internal Control Framework’s Components of Internal Control Requirements 1. There was a lack of proper authorization in the budget process. The superintendent Spigot committed several projects that were not on the budget. For example‚ rent expenses were not budgeted in that fiscal year‚ which caused the budget to overrun and increase expenditures for custodial services. Also‚ the unbudgeted projects ran by the superintendent were not approved by the
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Mu.5.4 Develop and implement policies and procedures to support the safeguarding of children and young people 1 Understand the impact of current legislations that underpins the safeguarding of children and young people. 1.1 Outline the current legislation that underpins the safeguarding of children and young people within own UK home nation. The current legislations for safeguarding children are: The United Nations Convention on the rights of the child 1989 (UN 1989) was ratified by the UK on the
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products division has a sales department OEM. The rest of the product produced by the division of the product sold to the AM division. AM division operates several warehouses parts distribution have company in the U.S. and overseas markets. Each manufacturing plant in the third division of the products have annual targets to be achieved. Each sale of OEM products division traced to the factory that makes parts. The target ROI based budget income divided by net assets beginning of the year (calculated
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Marketing Practices on the Growth of Hair Salons: A Case Study of Hair Salons in Kiambu Township Hannah Wambui Mwangi B.Ed University Of Nairobi‚ Msc In Entrepreneurship Jommokenyatta University Of Agricuture And Technology Currently Teaching At Loreto High School ‚Nairobi‚ Kenya Professor Henry Bwisa Jommokenyatta university of Agricuture And Technollogy‚ Nairobi Kenya Abstract The purpose of the study was to assess the role of EM on the growth of the Hair Salons in Kiambu. Growth in any MSE
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