ARVI MARIE S. CALONZO BSA 4B Applications of 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
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Internal Rate of Return In investment decision analysis you may need to calculate internal rate of return. “Internal rate of return (IRR) is the discount rate that gives the project a zero NPV” (McLaney‚ 2006). It is a good choice to use for investment projects. There is a formula for the internal rate of return: (A is the lower discount rate and B is the higher rate‚ a is the NPV at the lower rate and b is the NPV at the higher rate.) For example the Net Present Value (NPV) is 88 when the
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Term Paper Internal & External Possessors A Contrastive Analysis of Humorous Aspects in English and German Module: Sprachwissenschaftliche Methoden und Englischunterricht Course: English in Contrast Mondays‚ 2 to 4 p.m. Lecturer: Dr. George Smith submitted by Nadja Degen born 22 November 1988 major Englisch‚ MA of Ed. minor Latein‚ MA of Ed. Content 1. Introduction 2 2. Hypothesis 3 3. Internal & external possessor
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Section 2: BUSINESS SKILLS Topic 6: The Internal Business Environment Objectives: By the end of this unit students should be able to:- Describe the structure of internal business environment Identify the importance of OHS in internal business Discuss the office roles and functions Recognize the importance of good customer service. The Internal Business Environment The internal business environment are best viewed as the extent to which resources‚ and the ability to deploy them
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RUNNING HEAD: Internal Control for Inflows Internal Control for Inflows ACC/ 544 Internal Control for Inflows Internal controls are important to a business. The internal controls provide a safeguard against errors in the accounting system as well as the detection and prevention of fraud. With the inflows of the company come many risks that need to be considered. The ways in which cash‚ sales‚ accounts receivable‚ inventory‚ and production are handled within the company are different for
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Internal cash control is very important to any business. Without effective methods in place to ensure that funds and resources are being used in an ethical and efficient way‚ a company may lose money or run into many other problems. Through proper establishment of responsibly‚ segregation of duties‚ document procedures‚ and security measures‚ any company should be able to maintain their funds and feel confident that their employees are producing accurate and ethical results. In the exercise detailing
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Internal and External Expectations Essay “Internal and external are ultimately one. When you no longer perceive the world as hostile‚ there is no more fear‚ and when there is no more fear‚ you think‚ speak and act differently. Love and compassion arise‚ and they affect the world" (Eckhart Tolle). Eckhart Tolle is saying not to fear death so much but rather the inadequate life. He is saying never fear what will come‚ depend on no one. Internal and external
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Internal Control Risks Identified in Apollo Shoes Assessing control risk is the process of evaluating the design and operating effectiveness of a company’s internal controls as to how it prevents or detects material misstatements in the financial statement assertions of management (Hayes‚ Dassen‚ Schilder‚ & Wallage‚ 2005). The conclusion reached as a result of assessing control risk is referred to as the assessed level of control risk. When assessing controls the auditor looks for weaknesses
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Recommendations As discussed above‚ there can be many benefits using internal coaches in coaching. When the challenges are managed‚ it can be a powerful intervention for the organisations to create a progressive coaching culture. It is important to recognize that the challenges and benefits of coaching by internal coaches are often vice versa for the external coaches case‚ hence I do not recommend to completely replace one or another‚ but to complement each other. There needs to be a good mechanisms
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MGT126 Week One Assignment1: 1) What interpersonal skills do you currently have that will allow you to be successful in your new position? When dealing with customers‚ I find that I am able to listen to them and figure out their needs in a timely manner‚ while striving for one call resolution. I find that by being empathetic to their moods and feelings are a big help. During my time as a customer service professional I have developed skills that give me an edge while working with the difficult
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