Introduction In this chapter literature review on internal controls and revenue collection is discussed. The theoretical framework is presented first, followed by empirical literature on studies involving internal control and revenue collection. The conceptual framework is discussed last and then the chapter summary concludes the chapter. Theoretical Review The main theories that premise the relationship between internal controls and revenue...
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For the risk adjustment of expected cash flows, the certainty equivalent cash flows replace the risky cash flows with risk-free cashflow. The certainty equivalent is, of course, lower than the uncertain cash flow and the bigger the risk, the higher the downward adjustment. If this adjustment is made, it is also necessary to use the risk-free rate as the discount...
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Introduction The research study seeks to explore the role of cost accounting in the Etihad Airways. The research methodology chapter helps in identifying the adopted tools and techniques by the researcher to gather the essential information and data for a purpose of analyzing the given research topic. The research methodology chapter allows the reader to evaluate the nature of the...
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Background of the Study Financial management is one of the most critical aspects in a business operation. The difference between what accounting principle are followed varies on the nature of the business itself. Thus, one of the most common principle used in the practice is cost accounting. The importance of this cost accounting in management is that it records the...
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Brand Audit – BMW Historical overview and background Parent company background Existing brands History of chosen brand Any changes in positioning/target market Competitors Existing brand extensions (if any) The birth of BMW can be traced back to Karl Rapp and Gustav Otto. Their respective companies; engine maker Rapp Motorenwerke and aircraft manufacturer Flugmaschinenfabrik Gustav Otto, gave rise to Bayerische Motoren...
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Executive Summary The concerned study focuses on the functions and importance of internal control on the regular activities of any business. In this regards, the key difference between internal control on financial records and internal control has been identified. The key beneficiaries of public reporting on internal control have been highlighted in the study along with its key benefits. Moreover,...
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Assessment Prompt 1: Applying stakeholder theory, explain the factors that affected inventory management at DSG over the period 2013 to 2016. What impact did inventory management have on profitability? The process of inventory management illustrates the effective approach to ensuring an entity has an appropriate amount of stock on hand to be sold, and to ensure that this stock is...
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Question: 1 The introduction: Treasury operation: Everyone can recognize many of the businesses that operate around them providing goods and services for their needs. But most people are not familiar with what goes on behind the scenes in order for those businesses to function. When discussing the treasury operations of a company, we are really talking about the ability of...
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Fast-fashion is ‘an approach to the design, creation, and marketing of clothing fashions,’ that skyrocketed at the start of the 21st century. This strategy combines three main ideologies: Quick response, frequent-assortment of changes, fashionable designs at affordable prices. There has been a fundamental shift within the clothes industry, resulting in a transformation in manufacturing to mainly developing in Asian countries...
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This essay endeavours to reflect upon the underlying influences and theories that have formed my understanding of leadership. It will seek to assess strengths, weaknesses and how I may integrate contemporary leadership theory to become a more effective member of organisational leadership. It is critical to acknowledge a definition of leadership at the outset of the reflection. Leadership theory has...
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The essay talks of the 1900 Hurricane that rocked the city of Galveston on September 8. The City of Galveston on the U.S map is located on the Western part of the South-Central part of the United States. The speed of the wind had estimates of 135 miles per hour (217 km/h) on its landfall placing its mark as a...
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Importance of the topic of the course work. Uzbekistan has carefully transitioned from a centrally planned to a market economy since gaining independence in 1991. Understanding that foreign direct investment can help Uzbekistan grow and evolve while also removing the country's change to a market-based economy and integration into the global economy, the country has welcomed foreign investors. Foreign direct...
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Before taking the macro economics class and completing the four graded discussions I didn’t know much about what opportunity cost mean. Now as we headed to the end of the term and studied the topic I have learned a lot and know much more about what opportunity cost mean and how it works. If someone asked me just a little...
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If change equals growth, then we will always want our company to be changing and thus growing. As the project manager of a new initiative in our company, I am proposing that we are in need of a change manager. If the company will choose to invest upfront in a change manager there will be many benefits in the long...
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In this world of fast fashion and consumer culture, it’s easy to be caught up in a plethora of colour and pattern and knee-high leather boots. It’s easy to give yourself over to momentary wants and “needs” and lose sight of the bigger picture, but unfortunately, the picture is this – the fashion industry is the second largest polluter in...
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Servant leadership and followership play a big fundamental factor in the Army’s structure today. They both coincide with one another in the process of leadership development. It is almost impossible to have one without the other. They both consist of many of the same traits, but some key similarities are trust, respect, and adaptability. Even though they both are compelled...
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Globalisation has led to a considerable growth of the economic importance of knowledge. Knowledge is a resource which has become a decisive factor in economy and developmental policy. The generation and propagation of knowledge holds a key position for economic and cultural development in industrialized as well as in developing countries. There is growing demand for academically trained experts in...
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When talking about two very similar fast food companies like McDonald’s and Burger King it can be a little hard and sometimes confusing, because there is not many of differences between fast food companies. McDonald’s and Burger King are fast food companies that are known for having burgers as their main product. Both companies have a lot of similarities like...
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In today’s day and age, websites are brimming with online catalogs. Stores like Forever 21, Zara and even H&M are all affordable places where people can get fashionable and trendy clothing at a low cost. This low cost, up to date, clothing is made possible by fast fashion. Fast fashion is a term used to describe affordable clothing produced rapidly...
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Hurricane glass candle holders are some of the ancient tools that are still valued highly today. You may have come across them during the festive season shopping sprees. These beautiful antiques at the store are quite catchy to the eye. Nonetheless, how to intermarry them with house aesthetics remains a mystery to most. The adorable hurricane glass candle holders come...
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This research paper focuses on effective communication of MBA students through help of media and technology. It emphasizes the cruciality of English Communication for MBA students as they need to face interviews and group discussions for their good placements in employment sector. The paper highlights the gravity of media for improving communication skills. As the world is moving with 4G...
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The person who applies science, mathematics, economics, social and practical knowledge to, design, manufacture and maintain buildings, materials, machines, chemicals, electronic devices, software and etc can be called as Engineers. Engineering which is a branch of science; always cares about the applications. So hazards are very common in this engineering field. Each engineering fields has different types of hazards. Many...
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The footprints of effectual, efficacious leaders have always marked history. The Royal Air Force itself was founded on the vision of two notable 20th century leaders, Jan Smuts and David Henderson; both of whom imagined a force capable of exploiting the full range of possibilities of an aerial realm to ensure the fulfilment of objectives. Yet with the growing prominence...
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Hurricane Ida was a deadly and destructive Category 4 Atlantic hurricane that became the second-most damaging and intense hurricane to make landfall in the U.S. state of Louisiana on record, behind Hurricane Katrina in 2005. In terms of maximum sustained winds at landfall (150 mph (240 km/h)), Ida tied 2020's Hurricane Laura and the 1856 Last Island hurricane as the...
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Currently the organizations are in the phase of transition economy characterized by liberalization, macroeconomic stabilization, restructuring & privatization, legal & institutional reforms and resultant privatization, price liberalization, trade & foreign exchange, competition policy, infrastructure reform and many more. Essentials to survive this change include better technology, better infrastructure and better people with effective communication. Leadership plays a major role in...
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Introduction In the contemporary business landscape, characterized by rapid technological advancements and escalating data generation, the concept of big data has emerged as a cornerstone for strategic decision-making, particularly in risk management. Big data refers to the vast volumes of structured and unstructured data that inundate businesses daily. The relevance of big data in risk management stems from its potential...
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Human trafficking involves the coercion, force and manipulation to obtain cheap or free physical or domestic labor, the procurement of organs or commercial sexual acts from men, women and children. Today, human trafficking is held to be modern-day slavery as the movement of persons between countries has become more prevalent and increasingly, persons are trapped in human trafficking situations in...
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The study identified change management practice factors and evaluated its influence on the growth of private business in Nigeria. These were with a view to provide information for management policy makers on change management best practice to achieve needed expansion and contribute to the country’s economic growth. The method of data collection was questionnaire to elicit information on change management...
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Being in the investment industry may give you experience, but there is always that fear inside each of us. Fear can have a significant impact on how you make decisions related to your finances. Whether you want to invest in real estate, buy stocks form a company, or try trading cryptocurrency, fear can influence your ability to make decisions. Though...
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Public expenditure by government to offer services and social amenities and development programs is aimed at improving the overall welfare of the state. However, scarcity of resources results to government relying on borrowing publicly to augment the existing budget. From economic analysis, a unit increase in public expenditure by government increases the GDP of an economy by more than a...
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