SUMMARIZATION OF FIVE KEY ELEMENTS IN AN EFFECTIVE INTERNAL CONTROL SYSTEM NIKKI JORGENSEN RASMUSSEN COLLEGE / FINANCIAL ACCOUNTING Author’s Note: I Nikki Jorgensen am submitting this summary of an effective Internal Control System on this 10th day of September 2011to Gary Snyder’s A140/ACG1022 Section 10 Financial Accounting 1-Summer Quarter. Internal Control is a comprehensive system that helps an organization safeguard assets, operate efficiently and effectively, ensure
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Test Correlation Table Question Types/Level of Difficulty |LEARNING OBJECTIVES | |Easy |Moderate |Difficult | |1. Explain the foundations of control. |TF |1, 3 |2, 4, 5, 7 |6 | | |MC |1, 5, 7, 10, 13, 16, 23, |2, 6, 8, 9, 11, 12, 14, |3, 4, 20, 27, 30, 31, 36,| |
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Paredes Optical Company, Inc. Organizational Chart Case Observations: Weak points of current control system of Paredes Optical Clinic on Ms. Pimentel’s (Chief Accountant) perspective: 1. Delay in Reports: Reports from the branches located outside Metro Manila are sent to the Manila Head Office through passenger buses every other day while reports from Metro Manila branches are received daily. 2. Difficulty of ascertaining the true level of branch revenues: During monthly meetings, Ms
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sales force results in mal-aligned, error prone, labor intensive and time consuming compensation processes and a frustrated sales force. It is important to visualize Sales ICM as a business system which evolves and adapts to changing business conditions, making it imperative to understand, incorporate and control various entities (both external and internal to the business)
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weaknesses in planning and control systemVershire Company!Settlement:a. Pros:1. In 1972 the industry experienced a revolution since the aluminum maker chosetwo kinds of processes in which a piece of metal inserted into the cupand closed at the top. So in 1996 capable of producing more than2,000 cans per minute, because it has more efficient manufacturing processes.2. Authorization limitation on the general manager of the division. Division general manager hasfull control on their business with
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stability/neuroticism, and openness to experience. * these traits indicate to management how an individual will behave in various situations Detail the feedback control loop, and suggest one (1) way that the organization can use the feedback control loop to determine whether management’s actions are motivating or demotivating. * Feedback control loop allows for clear communication between workers and management and it enhances performance * To check effectiveness of communication * Bi-weekly
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A Conceptual Framework for the Design of Organizational Control Mechanisms Author(s): William G. Ouchi Source: Management Science, Vol. 25, No. 9 (Sep., 1979), pp. 833-848 Published by: INFORMS Stable URL: http://www.jstor.org/stable/2630236 Accessed: 12/12/2008 16:24 Your use of the JSTOR archive indicates your acceptance of JSTOR's Terms and Conditions of Use, available at http://www.jstor.org/page/info/about/policies/terms.jsp. JSTOR's Terms and Conditions of Use provides, in part, that unless
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Ch05 ControlSys-4e-A&S 03-21, 03-22-2013 Chapter 5 INDUSTRIAL CONTROL SYSTEMS REVIEW QUESTIONS 5.1 What is industrial control? Answer: As defined in the text, industrial control is the automatic regulation of unit operations and their associated equipment as well as the integration and coordination of the unit operations in the larger production system. 5.2 What is the difference between a continuous variable and a discrete variable? Answer: A continuous variable is one that is
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Intelligent Energy Management System Mayur D. Karathia1, Jignesh G. Bhatt2, and Himanshu G. Bhavsar3 Abstract—Saving electricity in industries and building is major concern today. Hence, Energy Management System (EMS) remained preferred area for researchers recently. The paper reports the work carried out at PG dissertation level and presents the detailed design and implementation of industrial grade EMS. Sensors and MODBUS-compliant modules are wired to form an RS-485 network at field level
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Submission A critical infrastructure is defined as any facility, system, or function which provides the foundation for national security, governance, economic vitality, reputation, and way of life. (http://www.dhs.gov/xlibrary/assets/NIPP_InfoSharing.pdf)In short, critical infrastructure is by definition essential for the survival of the nation. The USA PATRIOT Act specifically defines critical infrastructure as "systems and assets, whether physical or virtual, (Jena Baker McNeill and Richard
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