Looser

In: Computers and Technology

Submitted By kristengoble
Words 325
Pages 2
Internal control is a controlled process that provides the assurance and the efficiency of operations and financial reporting. Internal controls are put in place by companies used to ensure the reliability of the financial information within companies and to make sure they follow the guidelines and policies throughout the organization ((Ratcliffe & Landes, 2009). The policies and guidelines in place are monitored by financial models such as, Sarbanes-Oxley Act of 2002 (SOX). SOX act section 302 requires companies to incorporate in their reports requirements such as, officers signing reports must review them first, report does not contain any untrue material statements, and the financial statements are presented fairly (Sarbanes-Oxley Act of 2002).

The five components to eliminating or reducing any internal risks are: controlling the environment, risk assessment, controlling the activities, information and communication, and monitoring ((Ratcliffe & Landes, 2009). Risk assessment involves a company identifying and analyzing any potential risks harmful to the reporting of financial statements (Ratcliffe & Landes, 2009). The internal control risks identified within the Apollo Shoes case are the accounting and revenue cycle. Specifically there were problems during the fourth quarter with overstating sales, lack of credit approval possibly leading to collection problems in the future, and errors in billing the customers possibly leading to overcharges and undercharges of the customers (Ratcliffe & Landes, 2009). The risks associated with the revenue cycle are the unauthorized rates and prices being quoted and customers who represent a credit risk for future orders (Ratcliffe & Landes, 2009). These risks could lead to the potential misstatements of the reporting for the revenue cycle and continue to result in the unearned revenue for the company.

References…...

Similar Documents

Marfin Syndrome

...syndrome Marfan syndrome is an inherited disorder of the connective tissue that causes abnormalities of a person eyes, cardiovascular system, and musculoskeletal system. It is named for the French pediatrician, Antoine Marfan (1858-1942), who first described it, in 1896 [1]. Marfan syndrome affects three major organ systems of the body, the first is the heart and circulatory system, second is the bones and muscles, and finally the eyes. The mutation is responsible for the production of the fibrillin, which is a protein that is an important part of connective tissue. Fibrillin is the primary component of the micro fibrils that allow tissues to stretch repeatedly without weakening. Because the fibrillin is abnormal, connective tissues are looser than usual, which weakens or damages the support structures of the entire body [2]. Common external signs associated with Marfan syndrome include excessively long arms and legs, with the arm span being greater than the person’s height. The fingers and toes may be long and slender, with loose joints that can be bent beyond their normal limits. This unusual flexibility is called hypermobility. The face may also be long and narrow, and may have a noticeable curvature of the spine. May also have unexplained stretch marks or dislocated lens in the eyes [3]. It is estimated that in the United States alone, about 200,000 people are affected with Marfan syndrome and other connective tissue disorders [3]. When a parent has a mutated gene......

Words: 323 - Pages: 2

Industrial Relations in Bd

...phenomena. For this unstable situation productivity will be hampered. Lastly by interferences of policies only CBA person benefited but ultimately labors become looser. We know productivity is directly involved with economy, if productivity less it will be create a great impact of our whole economy. If productivity will grow automatically economy of the country will be grow and if productivity will less automatically economy of the country will be less. For a good atmosphere of industrial relation need to a standard compensation and benefits, salary timely, recreation, leave for employees then they will actively. But if involve politics in industrial atmosphere then all things or all system will be destroy. There will be creating class conflict and dissatisfaction. Then all industry will be affected and destroy. b) Question: Corruption may be obstacle in case of IR Answer: Corruption always is an obstacle in industrial relation. Corruption means there one no ethics inside people. If in an industrial relation ethics isn’t follow then fairness will not be ensure. Fairness can involve in income procedural or distributive. If corruptions increase no rules and regulation will be followed. Then the general people will be deprived. If corruption increase in industrial relation one party will gainer and another party will be looser. And then class conflict will be arising and market will be down grade and also create strike and lock out. We know productivity is......

Words: 698 - Pages: 3

The Feasibility of Guava

...lever | A lever which pulls enough thread for one stitch off the spool | Presser foot | The two-toed foot which holds the material in place as the machine stitches | Presser foot lifter | Raises and lowers the presser foot | Feed Dog | A toothed part located under the presser foot and moves the fabric along | Control knob for feed dog | Raises and lowers the feed teeth | Stitch regulator for length | Controls the length of the stitch ( 2 -3 is best) | Stitch width regulator | Controls the width of the stitch - 0 is for regular, 1 – 2 – 3 – 4 is for zig-zag | Tension indicator window | Shows you whether the upper thread tension is correct | Thread Tension-Centering Wheel | Controls the upper thread tension ( + tighter: - looser) | Thread tension disc and slot | Allows the upper thread to pass through at the correct tension | Pattern selector | Place to change the pattern of the stitches | Needle position control knob | Changes the position of the needle | Needle clamp | Holds the needle in | Slide Plate (Janome) | Covers and protects the bobbin and bobbin case | Bobbin Case | Encloses the bobbin | Needle | Pierces the fabric |...

Words: 285 - Pages: 2

Monetary Policy

...Monetary policy in Kazakhstan 5. The monetary policy stance remains appropriate. Notwithstanding recent hikes in administered utility prices, inflationary pressures and growth in monetary aggregates have been relatively contained. With projected headline inflation hovering around the midpoint of the objective range (6-8 percent) and core inflation stable, the National Bank of Kazakhstan (NBK) is expected to keep its policy interest rate on hold in the coming months. This stance may need to be reevaluated if excess liquidity in the banking system translates into more rapid private sector credit expansion or if fiscal policy turns out looser than currently expected. 7. Strengthening monetary policy further will require introducing a policy rate that signals better the stance of policy and enhancing the communication strategy. The official refinancing rate, the NBK’s policy interest rate, has played little role in guiding key market interest rates. The envisaged repo instrument could become the new policy rate (preferably within a narrower interest rate corridor) to guide better key money market rates, hence bolstering the signaling effects of monetary policy. Moreover, to anchor expectations about policy intentions and operations, the NBK should communicate more openly and clearly the transition plans to active OMOs, and more generally elaborate on the factors guiding the interest rate and exchange rate intervention decisions in the NBK’s post-meeting communiqué and......

Words: 296 - Pages: 2

Strategic Staffing at Chern’s: a Case Study

...Forecasting Estimate the competency levels and number of employees likely to be working for the company at the end of the forecasting period. To forecast internal talent resources for a position, subtract anticipated losses from the number of employees in the target position at the beginning of the forecasting period. These losses may be due to factors including promotions, demotions, transfers, retirements, and resignations. In tighter labor markets when workers are harder to find, more employees than usual may leave the organization to pursue other opportunities than leave during looser labor markets when jobs are less plentiful. Anticipated gains for the position from transfers, promotions, and demotions are then added to the internal labor supply forecast. Internal Labor Market Forecasting Methods Talent inventories: summarize each employee’s skills, competencies, and qualifications Replacement charts: visually shows each of the possible successors for a job and summarizes their present performance, promotion readiness, and development needs Employee surveys to identify the potential for increased turnover in the future Labor supply chain management: The basic foundation of any supply chain model is to have the right product, in the right volume, in the right place, at the right time, with the right quality Businesses use multiple suppliers so that they can quickly change and scale to meet changing business needs. Supply chain management principles of......

Words: 261 - Pages: 2

Anatomy

..."freely moveable" and are characterised by being surrounded by an articular capsule which contains the synovial fluid. Synovial fluid lubricates the joints, supplies nutrients to the cartilage and it contains cells that remove microbes and debris within the joint cavity. Because of the larger range of movements of these joints, there is an increased risk of injury eg dislocations. Synovial joints are located predominantly in limbs. Many synovial joints also have ligaments either inside or outside the capsule.     The range of movement provided by these joints is determined by: * The closeness of the bones at the point of contact. Closer bones make stronger joints, but movements are more restricted. The looser the fit, the greater the range of movement. However, looser joints are more prone to dislocation. * The flexibility of the connective tissue and the position of the ligaments, muscles and tendons. Different Types of Synovial Joints * Hinge - movement occurs primarily in a single plane eg elbow, knee , ankle, interphalangeal joints. * Ball and socket - allows movement around 3 axes - flexion / extension, abduction / adduction and rotation, eg shoulder, hip. * Pivot - a ring of bone and ligament surrounds the surface of the other bone - movement in one plane, primarily rotation eg between the atlas and axis (ie the cervical vertebrae numbers 1 and 2) and the radius and ulna. * Gliding - Flat bone surfaces allow side to side and backwards and......

Words: 874 - Pages: 4

Nasdag

...offer a place where “over the counter” stocks could be listed on. These types of stocks didn’t meet the requirements of most other stock exchanges. NASDAG stands for “National Association of Securities Dealers Automatic Quotations”, but this acronym is not commonly used. NASDAQ is located in New York City. Today, the NASDAQ has more than 3,700 companies listed on it. There are two different markets of NASDAQ, one for larger companies and one for smaller companies. The National Market is for larger companies, and the Small Cap Market is for smaller companies. NASDAQ lists all different kinds of companies across the board. They have a large number of technology stocks on their lists though, such as Intel and Microsoft. NASDAQ has a lot looser requirements than the New York Stock Exchange (NYSE) and the AMEX, or American Stock Exchange. The New York Stock Exchange hosts mainly larger companies, hence their strict requirements. NASDAQ only requires companies to have a minimum share trade price of one dollar, and maintain a minimum total value of 1.1 million dollars as far as outstanding stock goes. The companies that cannot meet this are grouped in the Small Cap Market group. Companies registered with NYSE cannot exchange stocks outside the NYSE. Also, in 2007, NYSE merged with Euronext. This solidified and affirmed the New York Stock Exchange as the world’s premier stock exchange, because Euronext is the leading stock market in Europe....

Words: 287 - Pages: 2

Ethics and “Price Gouging” in Florida

...increase sales, even though demand has not increased. b) Looser: * Retailer: They are taking the risk of extra inventory cost. They should gain more if they were allowed to increase prices. ii) A week before the storm, called “Cape Verde” which has 20% probability to hit Miami is not a big threat for the people living in Miami. Even if it is not a threat for the majority, it will affect some. Some will try to stock commodity. It will cause a little increase in demand which will not have an effect on the operations of the store at all. Of course there is a possibility that as days go through the probability of the storm can increase and more people start to stock. We have to be ready for increase in demand for the following days. At the moment there is no need to take any action but preparation for increase in demand should be done. We have the needed stock level to supply increase in demand as we have mentioned before. Emergency employment schedule plans should be ready. Maybe we will need overtime in the following days. Store layout plans should be ready for efficiency purposes. If we were able to increase prices we would not do that because the threat is not certain enough to react. It is just a probability. So there will not be any winner or loser from the Florida Law at the moment because no action will be taken by the company for a low probability of a storm. a) Winner: N/A b) Looser: N/A iii) As we have mentioned before, the company will......

Words: 1322 - Pages: 6

Beads

...Process for Building Apparatus When planning the design of our apparatus we knew that we would need a mesh filter in order to separate the alginate beads from the calcium chloride solution. Our entire design was based upon this. We started by designing a burette that would be able to drop the alginic acid into the calcium chloride solution at a steady pace that would facilitate the formation of spherical beads. To start, we drilled a hole into the bottom of a plastic test tube 15-mL conical tube and connected tubes and a valve to it. The valve can be screwed tight or loose, which controls the rate at which drops fall from the tube (tighter is slower; looser is faster). After the desired tightness was found for the viscosity of alginic acid, we used clamps to hold the test tube above the liquid solution. Next, we designed the bulk of the apparatus, which is where the CaCl2 solution will reside. We started by creating the mixer where the reaction would take place to form the gel. A 2-liter sprite bottle was used with the entire top cut off about 8 centimeters down from the cap. Then, we used the top of the 2-liter bottle, that we cut off, and covered the larger open side in mesh filter. The top was flipped upside down and fitted into the bottom of the rest of the 2-liter bottle so that there was a mesh filter separating the top of the reactor from the bottom. The purpose of this was to make sure that the gel beads must stay above the filter and therefore reside only the......

Words: 361 - Pages: 2

El Gerco

...Possibly the sequel to the Christ driving the Traders from the Temple (Matthew, XXI, 14: 'And the blind and the lame came to him in the temple; and he healed them'). Both subjects were treated by El Greco more than once in Italy. This is the smallest known painting on canvas by El Greco. The painting has been cut and the group on the right is incomplete. No large-scale works are known from his Italian period, and most are quite small. He does not appear to have received any important commissions before he moved to Spain. Three versions of this subject are known, all basically the same in composition, but differing in treatment. The earliest, an unsigned panel in Dresden, is looser in composition, smaller in conception, and introduces genre motifs of a dog, sack and pitcher in the foreground, eliminated in subsequent versions. The present painting, probably also painted in Venice, is more easily composed. The third and largest painting, now in the Metropolitan Museum in New York (possibly identical with the one in a Madrid collection at the time of Cossio's pioneer work on El Greco), with its comparative largeness of conception, belongs to his Roman period, after 1570. El Greco did not again take up the subject in Spain. The inspiration is from Venice. The dramatic use of recession behind the figures in the foreground is Tintoretto's invention. El Greco is still borrowing certain motifs, but the composition would seem to be original. The painting was among the Farnese......

Words: 304 - Pages: 2

Nail Biting Screed

...and relaxed releasing all tension, allowing your mouth to slightly open…Allow your tongue to relax. Enjoy the feeling of relaxation you are experiencing.. as the warmth passes down your neck flowing over your shoulders making them loose and relaxed…let all the tension dissolve and lift away from you…Your shoulders are so relaxed they are slowly sinking downwards as they become heavier and heavier… Enjoy the feeling of complete relaxation you are experiencing. Notice your breathing as you continue to take slow deep breaths as your chest rises and sinks…rises and sinks…Feel the relaxing warmth moving down your arms, past your elbows and all the way down to your wrists becoming and relaxed… All the muscles is your arms are getting looser and looser..giving up their hold. Let the warm flow radiate all the way down to your hand and down to your finger tips, expelling all the tensions out through each fingertip.. Your whole body is now so relaxed.. every muscle has released all tension leaving you completely refreshed and relaxed… Your mind and body are becoming one. Let your mind drift away taking you to your own safe place where no one can enter but you.. It can be anywhere you want..a calm beach…a tranquil garden…or somewhere you have never been… let your mind drift until you reach your safe place… Once you are there let your senses take over..feel the calming atmosphere…hear the blissful sounds…enjoy the deep feeling of relaxation as you are completely safe.. I will leave......

Words: 1363 - Pages: 6

The Trees

...In botany, a tree is a perennial plant with an elongated stem, or trunk, supporting branches and leaves in most species. In some usages, the definition of a tree may be narrower, including only woody plants with secondary growth, plants that are usable as lumber or plants above a specified height. In looser senses, the taller palms, the tree ferns, bananas and bamboos are also trees. Trees tend to be long-lived, some reaching several thousand years old. The tallest known tree, a coast redwood named Hyperion, stands 115.6 m (379 ft) high. Trees have been in existence on the Earth for 370 million years. Trees are not a taxonomic group but include a variety of plant species that have independently evolved a woody trunk and branches as a way to tower above other plants to compete for sunlight. A tree typically has many secondary branches supported clear of the ground by the trunk. This trunk typically contains woody tissue for strength, and vascular tissue to carry materials from one part of the tree to another. For most trees it is surrounded by a layer of bark which serves as a protective barrier. Below the ground, the roots branch and spread out widely; they serve to anchor the tree and extract moisture and nutrients from the soil. Above ground, the branches divide into smaller branches and shoots. The shoots typically bear leaves, which capture light energy and convert it into sugars by photosynthesis, providing the food for the tree's growth and development. Flowers and......

Words: 402 - Pages: 2

Why Oil Prices Fall?

...Oil price: traders and CEO’s clash over recovery prospects OBJECTİVES *What is the OPEC and it’s main goals? *Why are oil prices falling? *Who are the winners and who are the loosers? *Consequences of falling prices. *Important comments about oil price. What is the OPEC and it’s main goals? Organization of the Petroleum Exporting Countries (OPEC), a permanent, international organization headquartered in Vienna, Austria, was established in Baghdad, Iraq on 10–14 September 1960.Its mandate is to "coordinate and unify the petroleum policies" of its members and to "ensure the stabilization of oil markets in order to secure an efficient, economic and regular supply of petroleum to consumers, a steady income to producers, and a fair return on capital for those investing in the petroleum industry. In 2014 OPEC comprised twelve members: Algeria, Angola, Ecuador, Iran, Iraq, Kuwait, Libya, Nigeria, Qatar, Saudi Arabia, the United Arab Emirates and Venezuela. Why are oil prices falling? Here are four main factors driving oil’s sharp decline: 1. US oil production is booming Exploding US oil production has transformed one of the world’s leading oil consumers into one of its leading producers as well – in fact, North Dakota alone produces a million barrels of oil per day. US production now rivals oil giants Saudi Arabia and Russia, largely thanks to innovative drilling that has unlocked oil and natural gas deposits trapped in shale rock. US production......

Words: 1530 - Pages: 7

Wilfred Owen

...features, styles and methods. Wilfred Owen addresses his readers from different stances right up to him addressing the reader personally. This method is very effective in evoking feelings from great anger and bitterness to terrible sadness and even sarcasm, making the reader sometimes even feel guilty. Whichever way he chooses to portray the pity of the war the end result is always the same. "Dulce Et Decorum Est" is a direct attack at the people in Britain who had been taken in by the propaganda drive by telling them the truth of what life is really like at the front and in what conditions their sons, fathers, brothers etc. are in. "Dulce Et Decorum Est" consists of four unequal stanzas, the first two in sonnet form, and the last two in a looser structure. The first stanza sets the scene of soldiers limping back from the front. The authorial stance is of Owen telling us of his own personal experiences. The second stanza focuses on one man who could not get his gas mask on in time. This is a recurring nightmare that Owen has, where he sees one man "drown" in the gas and in the third stanza he describes how the man "plunges" at Owen, "guttering, choking, drowning." This is an image Wilfred Owen will never forget. The fourth and final stanza, Wilfred Owen again attacks the people at home who uphold the continuance of the war, unaware ofthe reality. He wishes they could experience his own "smothering dreams" which he then goes on to describe in great detail. At the end of this......

Words: 2515 - Pages: 11

Asfdrgdf

...* Once the item is sent to the guest / collected by the guest authorized person an appropriate entry to be made on the system. Sample lost and found register:     The lost and found items are classified as follows: 1. Valuable items. 2. No valuable items. 3. Perishable items. Valuable items : * One separate Register is maintained for Valuable lost and found items and the items are kept in a safe Deposit Locker. * Valuable items are kept for a period of six months ( as per the hotel policy), * If there is no response from the guest, auction to be conducted. Non valuable items:   These category items are kept for three months in safe custody after making necessary entries. If there is no response from the looser till the time, these items are to be disposed off. Eg: To be distributed to the finder.   Perishable items: * Perishable nature lost and found items are kept for three days. * In case of any quarry and need to keep further is to be done accordingly. v...

Words: 408 - Pages: 2

Nigel Lythgoe | 23.03.1819:01 Uhr Michelle - In 80 Kuessen Um Die Welt Pop-Schlager320 kbit/s 0 / 09.575 Hits VID P2P DDL 0 Kommentare | Batterie camping car 12v 130ah à decharge lente haut de gamme prête à l'emploi