December 22, 2021

Internal control, so far as financial and accounting aspects are concerned, aims at:  Providing the flow of work through various stages. Breaking the chain of the work in a manner so that no single person can handle a transaction from the beginning to the end. Segregation of accounting and custodial functions.  Securing proper documentation at […]

Internal control can provide only reasonable, but not absolute, assurance that the objectives stated above are achieved. This is because there are some inherent limitations of internal control, such as :  management’s consideration that a control be cost-effective;  the fact that most controls do not tend to be directed at transactions of unusual nature;  the

The environment in which internal control operates has an impact on the effectiveness of the specific control procedures. The control environment means the overall attitude awareness and actions of directors and managements regarding the internal control system and its importance in the entity. A strong control environment, for example, one with tight budgetary controls and

According to AAS-6 (Revised) entitled, “Risk Assessment and Internal Control”, the system of internal control may be defined as “the plan of organization and all the methods and procedures adopted by the management of an entity to assist in achieving management’s objective of ensuring, as far as practicable, the orderly and efficient conduct of its

Control is a basic human requirement and it has existed throughout the ages in different facets of human activity. Business as such is a complex process and has grown even more complex with the technological advancement of the society. The formalisation of the concept of internal control in the sphere of business administration is a

How to unlock a forgotten pattern or password You might have grounded your smartphone one day after it stopped working and started misbehaving. The symptoms of this misbehavior include failing to power on or staying on the ‘power on’ mode for eternity. Worry no more, here is a step by step procedure on how to

EXAMPLES /TYPES OF MEDIA RADIO Its audio means commonly used since its readily available and cheaper compared to television. Programmes can be produced quickly and inexpensively and information is available even in local languages. Radio has some limitations e.g. the listeners may lack any idea of how the product being advertised look like, problem of

WAYS EMPLOYEES CAN COPE WITH WORK RELATED PROBLEMS  Increasing ones ability in performing duties and responsibilities through training inorder to become more competent. Through adhering to rules and regulations of the organization so as to avoid issues ue to acting contrary to organization governing principles. Improving on better communication skills and life skills which help

ETHICS AND FUNCTIONS OF PUBLIC RELATION PERSONNELS Ethics is code of acceptable behavior that facilitate good relationship between an individual and the general public(s) Ethics facilitating building of long term relationship, building respect, trust etc. GENERAL CODE OF CONDUCT EXPECTED FROM EMPLOYER Provide good working condition to employees. Should encourage democratic leadership in order to