IDEA Project Essay

His or her immediate supervisor / manager ; his or managers immediate line manager; or the operational director at head office.

This shows that invoices were made twice for large amounts possibly by fraudsters that have approved the transactions. It’s very clear that the invoices were recorded this way.

Today a mishap transpired with an order that appeared to be incomplete. Although, this had not been caught until the entire order was on the truck. All the contents were cleared to find the two missing boxes, which caused three extra hours of unnecessary work. However, this occurrence rarely happens and can be avoided in the future by double checking orders to their invoices.

Several of the officers of the company seem reluctant to contact the processor even though the math on the invoice is not correct. The invoice indicates that approximately $500,000 of the sales (2,000 items) are at 0.1% plus $.22. This would be the interchange price for a regulated debit card after add a markup of .05%. It also shows approximately $ 150,000 (300 items) at 1.48% plus $.05. When you do the math, you conclude that the total cost should be $3,175. You would expect this amount to carryforward to the front of the invoice, but it does not.

Company X pays approximately $2 million in invoices each day. Using proper internal controls, you can ensure that goods and services are received, and payments are properly processed.

“Imagination is the highest kite one can fly.” As i was performing a simple dance in our living room, I had a dream that i wanted to become a dancer. I wanted to make my dreams come true, so let me tell you how it all started and changed.

Is the work performed by the workers a key aspect of the business? This could mean the worker is most likely an employee.

Secondly, it is the company’s accountant which deals with the company’s annual finance. However under Mr Blacks assistant it is the manager who is given the role to take care of the company’s day to day finance. Under the manager there are four people, firstly it is the employees the people who stock the shelf and assist and help the customer’s. Secondly, it is the cashier who works at the till and scans the items and takes the money of the customers and gives them change if needed. Thirdly, it is the stock keeper he is in charge of keeping track of the stock. Fourthly, it is the suppliers the people or company that supplies item to mobile lunches 4u.

The room starts filling up. Ms. Rogers says: ‘‘I look forward to continuing our conversation during lunch, if you would care to join me at my table. But now I need to start this session.’’ Ms. Rogers walks to the front of the room, welcomes the firm’s newest employees, allows the employees to introduce themselves, and jumps right into training mode. ‘‘I want to see how much you learned in college,’’ she says. ‘‘You will start by auditing reported revenue at College Business Computers (CBC) for the year ended December 31, 2008. In our training simulation, CBC is a private company. We first train you to audit private companies. For these companies, we must comply with the auditing standards of the American Institute of Certified Public Accountants (AICPA). In subsequent training sessions, we will focus on public companies that are regulated by the Public Company Accounting Oversight Board (PCAOB). Here is a printout of the CBC sales journal. I will now tell you about the client’s sales process.’’ Ms. Rogers pauses as we turn on our laptops to take notes. ‘‘This is what I know,’’ she continues. ‘‘CBC creates a sales order when a customer places an order by telephone. The sales department forwards one copy of the sales order to the warehouse and a second copy to the accounts receivable department. When the goods are shipped to the customer, the warehouse creates a shipping

Employees could take the paycheck of another employee who is absent, and then cash the check for themselves.

Obstacle DB Integration – I wrote the requirements for the integration of the obstacle database for the system I was working on.

light is so ingrained in our culture that if we want to draw a cartoon of someone having a new idea,

 The hierarchy of business decision makers categorizes organizations based on how they use business research to make decisions. List and explain the three levels in the hierarchy.

Land trusts, also known as conservancies, are not-for-profit organizations dedicated to protecting wildlife habitat and natural lands by acquiring ownership rights and transfer of development rights (conservation easements) either thru donation or purchase. This series of Term Projects follows a small land trust through the process of budgeting. Term Project I requires students to develop and analyze an annual line-item budget and translate that budget, and additional information, into a quarterly cash budget. Term Project II requires students to convert the line-item budget into a functional budget. Further information is employed by students to create a flexible budget. Actual numbers have been obscured while remaining true to the

Studies show that eight billion invoices paid by check cost U.S. businesses $100 billion in annual processing costs.[1]