Internal communication is the epoxy that holds an organization alongside one another. Devoid of it‚ you’re just a collection of disconnected individuals each working individually at her own job. With it‚ you’re a unit with power far beyond the sum of your parts. So Internal Communication‚ in an enterprise perspective‚ is the dialogic course of action between employees and employer‚ and employees and employees. The research shows that a excellent internal communication can generate many positive
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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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Introduction. On March 15 March 2001 Australia’s second largest insurer‚ HIH collapsed with debts in excess of A$5billion. This report intends to discuss some of HIH’s business objectives and creative accounting practices that may have attributed to the collapse of the company. 1.1 History. HIH began operating in Australia in 1968 under the name C.E. Heath plc‚ an English based insurance company whose Australian operations specialised in the underwriting of workers compensation. 1968 was also the year
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Inventory Internal Controls ________________________________________ A company’s investment in inventory is usually a large one‚ and it may be comprised of a large number of merchandise items that can be readily stolen and resold. If the inventory contains mostly raw materials‚ then keeping track of it is essential for ensuring that the production processes using it will not run short of materials. This means that you need to implement an array of controls‚ either to prevent theft or to ensure
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The collapse of the Soviet Union in the 1990s; it was a monumental and also unique time in history. Satellite states spread‚ and a new‚ more democratic leadership took over Moscow. The fall of the Soviet Union interestingly did not occur due to successful US policies or military prowess. Instead‚ a suffering economy as a result of the expensive arms and space race‚ coupled with an unsuccessful war in Afghanistan and a series of bad harvests meant that‚ to a moderate extent‚ the collapse of the Soviet
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collapsed. Two 767 aircrafts were high jacked and crashed into the North Tower and the South Tower. The impacts set in place the destruction of those two buildings. According to Brannigan and Corbett (2015)‚ The NIST stated the factors that caused the collapse in Tower 1 was: The plane inflicted structural damage Jet fuel sprayed on the interior‚ starting fires on multiple floors.
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invested in a gold mine project at Yanacocha in the mountains of Northern Peru a few miles from the ancient Inca city of Cajamarca and the actual village of La Pajuela. The mine is owned at 51% by US-based Newmont Mining corporation and by Buenaventura of Peru for the remaining shares together with the World Bank which has a 5% ownership stake. It is an economical success for this venture has provided 2‚300 direct jobs and more than 10‚000 indirect jobs in the poorest region of Peru. The mine itself has
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Internal Control Definition Internal control is broadly defined as a process‚ effected by an entity’s board of trustees‚ management‚ and other personnel‚ designed to provide reasonable assurance regarding the achievement of objectives in the following categories: 1. Effectiveness and efficiency of operations 2. Reliability of financial reporting 3. Compliance with applicable laws and regulations 4. Safeguarding of assets Internal control consists of five interrelated components:
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London‚ United Kingdon: Oxford University Press. Gillespie‚ A. (2007). Foundations of Economics (1e). Great Clarendon Street‚ Oxford: Oxford University Press. Godsell‚ B and Spicer‚ M.‚ (2011). Engaging with the ANC Youth League on Nationalising the Mines. Business Leadership. Keaton‚ G.‚ (2011). South African Economy 314 Lecture Slides. Unpublished Economics 314 Lecture Slides. Grahamstown: Department of Economics‚ Rhodes University. MALEFANE‚ M.‚ (2010). Nationalisation scaring investors: NUM. Times
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Meaning of Internal Reconstruction: When a company has been making losses for a number of years‚ the financial position does not present a true and fair view of the state of the affairs of the company. In such a company the assets are overvalued‚ the assets side of the balance sheet consists of fictitious assets‚ useless intangible assets and debit balance in the profit and loss account. Such a situation does not depict a true picture of financial statements and shows a higher net worth
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