Case Study 2 -Internal Control Due by Sunday of week 5, 11:59PM, Mountain Time LJB Company, a local distributor, has asked your accounting firm to evaluate their system of internal controls because they are planning to go public in the future. The President wants to be aware of any new regulations required of his company if they go public so he met with a colleague of yours at a local restaurant. The President of the company explained the current system of internal controls to your colleague. Your
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Case Study 2—Internal Control Due by Sunday of Week 5, 11:59 p.m., Mountain time LJB Company, a local distributor, has asked your accounting firm to evaluate their system of internal controls because they are planning to go public in the future. The president wants to be aware of any new regulations required of his company if they go public, so he met with a colleague of yours at a local restaurant. The president of the company explained the current system of internal controls to your colleague.
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Questions: 1. Where is the theater’s control system lacking? The main problem of theater’s control system is in Management control, especially in Motivational problems. Employees are not motivated enough to generate profit. Moreover, you shouldn’t forget about strategic control, because as said in the book “strategy may have become obsolete… in more dynamic environments” p. 8. which will cause even more problems in the future. 2. Are the controls themselves weak or incomplete, or are the
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Technology in Restaurants Julio Olla COM/172 April 5th, 2012 Davine Jones Technology in Restaurants Technology is impacting the restaurant industry because dependency on computers is the remarkable key to run the business. Computers in restaurants are the key to create the experience that experts want to introduce to guests, to support the changes of a modern society and the information technology that is constantly changing; we are the consumers of a competitive world of technology. The
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Tyco be one company or divided into six different companies? What sort of synergies does Tyco get by being one company? |Divisions |SIC |Sales | |Fire Protection |39 |1991 | |Flow Control |34 |1159 | |Electrical |36 |481 | |Disposable |38 |1459 | |Packaging |30 |--- | Table 1 SIC classification (Exhibit 6)
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sources. Include two (2) facts to support your position. Security controls are safety measures to avoid, counteract or minimize security risks. The firm and management team is responsible for effectively implementing preventative, detective, and corrective controls in order to prevent, identify, and limit the extent of damage from occurring, in progress, or caused by the incident. If adequate security controls are in place then the firm and management team should not be held liable for
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achieve in a year. (Montana and Charnov, 2000) Today Budgets are used by almost all companies as its use allows the managers to establish the objectives of the business in quantitative terms which is usually for a year. Budgetary control is a system of management control in which actual income and spending are compared with planned income and spending, so that you can see if plans are being followed and if those plans need to be changed in order to make a profit. (Financial Times) The major aim of
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“Why is continuing my education important for my future?” The future refers to what will happen or come in time. In so many speeches, we hear people tell us how we control our own futures and how what we do affects what our future will be. Without knowledge and education, we cannot hope to control our futures. Firstly, being educated will help me gain understanding and appreciation because I will be able to step out of my comfort zone and understand different subjects and try new paths. For instance
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D1 – Evaluate how managing resources and controlling budgets can improve the performance of Asda. It’s important for Asda to manage all its resources and control its budgets to be successful. Managing resources and budgets gives Asda more structure and stability leading to high performance and success. If resources and budgets are not controlled then many problems could occur for Asda leading to bad performance and failure. Managing the human resources department can help to build more
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1. The wildcat strike brought the disengagement and disconnect of the employees to the forefront, as well as the unbalance of power that management had, and the fact that a busy season was fast approaching. Employees were worried for their jobs because of the previous cuts that had been made. This exercise of power by management only lead to further discourse between them and employees. In addition, this was extremely poor timing because of the nearing busy season before which a major change gave
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