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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Cascade control is a powerful extension of conventional 3 Cascade control is a powerful extension of conventional 3-term feed term feed back - control control. It is a strategy which compensates for specific disturbances at source and largely Prevents them from affecting process being controlled. A cascade control scheme has two controllers‚ the output of the master controller being used to adjust the set point of the slave controller The effect of steam pressure disturbances can be compensated
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INVENTORY CONTROL Inventory is any stock of economic resources that is stored for future us e it is commonly used to store materials‚ in process packing materials‚ spares etc‚ stocked in order to meet respected demand or distribution in the future. Although inventory of any materials is an idle resources the sense‚ it is not meant for immediate use. It is necessary to maintain some inventories lot the smooth functioning f the organization. Inventories are essential: 1. For adequate customer
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"Would More Stringent Gun Control Laws Save Lives?" BCOM 275 "Would More Stringent Gun Control Laws Save Lives?" I. Introduction A. Background information 1. Chicago has the strongest gun control regime in the nation. Chicago had over 500 murders in 2012 and are on pace to surpass that in 2013. 2. Handgun crime in the United Kingdom rose by 40% in the two years after the U.K. passed its gun ban in 1997. (BBC). 3. Washington
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eurojournals.com/finance.htm Methods of Evaluation: Training Techniques Mahmoud M. AL-Ajlouni Assistant Professor‚ Deptt. of Business Administration Irbid National University‚ Irbid Jordan E-mail: ajlouni_mahmoud@hotmail.com Salah M.H Athamneh Assistant Professor‚ Deptt. Humanities Jordan University of Science and technology Irbid‚ Jordan Abdulnaser A. Jaradat Assistant Professor‚ Deptt. of Marketing Irbid National University‚ Irbid‚ Jordan Abstract The Evaluation of any training programme has certain
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firearm to have a permit. This piece of legislation is still in effect today. In the 1960’s‚ there were a series of important political assassination’s including‚ President John F. Kennedy‚ Martin Luther King Jr.‚ and Senator Robert Kennedy (Gun Control Reform). Politicians feel that they can change the world with legislation. For example‚ in 2001‚ after the September 11th attacks President George Bush pushed through a series of acts which allowed for the government to put taps into our phones‚ computers
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Introduction As a part of academic curriculum for Business Operation Management set by Southern Institute of Technology I am submitting this paper on self evaluation of my understanding about Business Knowledge‚ Personal values‚ beliefs‚ attitudes and other relevant skills which are required or will be useful in setting up my own venture after successful completion of my course. I would like to evaluate my skills vis-à-vis the requirements and demands of the venture that I have planned i:e a service
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BUDGETARY CONTROL Budget is a plan which is expressed in terms of definite members: Eg. of a plan – Production has to be increased in the next quarter Eg. of a budget – Production has to improve by 10000 units from the last quarter to the next quarter. Definitions: According to ICMA “budget is a financial & / quantitative statements‚ prepared & approved prior to a defined period of time of the policy to be pursued during that period for the purpose of attaining a given objective. They may
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Introduction Simply defined‚ the term "access control" describes any technique used to control passage into or out of any area. The standard lock that uses a brass key may be thought of as a simple form of an "access control system". Over the years‚ access control systems have become more and more sophisticated. Today‚ the term "access control system" most often refers to a computer-based‚ electronic card access control system. The electronic card access control system uses a special "access card"‚ rather
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When students are assigned research papers‚ very commonly‚ professors will say‚ “Whatever you do‚ do not use Wikipedia.” Many who research find this website credible‚ others believe its information is completely false. This essay will evaluate the efficiency of Wikipedia as an online resource for researching purposes; it will discuss the freedom to alter material‚ the credibility of the website‚ as well as what good comes from the use of this website for research means. Many people believe Wikipedia
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