Week 3 Discussion - Internal Controls

The Warriors are a soccer ciub who perform well but have not won any trophies. Recently, The Warriors have had above average turnover of managers, increasing time spent on Dave Atkinson, owner and former player, is an autocratic leader who denies blame for the high manager and player turnover. He publicly criticizes players. However, fans adore Dave. After a recent poor performance, Dave demanded that all players donate 50% of their pay for threatened to cancel their contracts. The other players refused to turn up for training to show that match to good causes. Two new players used social media to complain. In response, Dave He was a successful player, supports the fans and is committed to corporate social recruitment. Player turnover has also been higher than that of other clubs. responsibility (CSR). He has: reduced ticket prices to the lowest in the league provided free, healthy snacks for junior supporters donated 20% of The Warriors' profits to local schools to encourage young…

An effective system of internal control within an organization is a prerequisites of effective cooperate Governance system and the core of cooperate accountability. Discuss

When creating an internal control system, what do you believe to be the most important factors? Why? Consider all six dimensions of the regulatory categorization cube (intention, implementation, level).

1- List and define the 4 steps of the management control cycle 2- Explain each of the technology dissemination patterns and adoption categories

True or False: Management is solely responsible for an organization's success or failure, and external factors play no role.

Responsibility Centres:   a. Discuss the difference between daily and strategic decisions. Think of a business and provide an example of a daily and strategic decision.   b. Describe the concept of responsibility accounting.

Code of Ethics for a Cupcake Bar: How employees of the business will interact with each other (up and down the latter), How employees will interact with customers. How employees and the company will interact with the community that are located in (be good citizens or don’t bother me and I won’t bother you, etc.). How the company will interact with the environment (be aware, ignore it as it’s on its own, etc.). How the company will participate in the Industry it serves (ethics, fair, sneaky etc.).

Researchers have identified three important types of control systems adapted by various organizations namely the Bureaucratic Control, Market Control, and Clan Control. Discuss the pros and cons of Bureaucratic controls such as rules, procedures, and close supervision? Determine how effective is either Clan Control or Market Control as a control mechanism? Examine with illustrations and examples their possible strengths and limitations? When should a manager rely primarily on either Clan control or Market control?

Based on the framework of the Committee of Sponsoring Organizations of the Treadway Commission or COSO, evaluate one of the situations that appear in the document below: Case 1: Control Environment and Control Activities: The Importance of Hiring TrustworthyEmployeesJoe and Mary Gray started their multimillion-dollar home electronics and car audio storechain in Texas in the late 1970s. By mid-1983, their company had grown to 10 stores in 3 stateswith 500 employees and gross sales of $30 million. The decline of the oil industry in the mid1980s led to the company losing almost half of their employees. Additionally, as people moved tomore economically viable states, employee turnover continued to increase. During this time, theGrays needed to fill a recently vacated Controller position in their main office. The position wascrucial and required a person who was highly motivated and knowledgeable of operations. Afterinterviewing several candidates, they decided to give Jeff Smith the…

Discuss the importance of the control environment, or “settingthe tone at the top,” in establishing a culture of honesty and integrity in a company

An effective system of internal control within an organization is a prerequisite of effective corporate governance system and the core of  accountability? Discuss

What are an organization's FOUR major goals for an internal control system? An organization's Internal Control should have FOUR main goals.

Why do internal controls fail? What must we do as managers to ensure that internal control is effective?

INFORMATION TECHNOLOGY FOR MANAGER BY GEORGE WALTER REYNOLDSWhat is the goal of an organization’s system of internal controls? Provide several examples of good internal controls and several examples of poor internal controls.

Part 11. Describe three (3) major functions of management and leadership development in organizations making transitions from one stage of growth to the next. Which of the three (three) functions is most important? Why?2. Discuss the different needs for management and leadership development that companies have in the first four (4) stages of organizational growth.Part 21. Discuss two (2) important aspects of organizational control. Which aspect is most important for organizational success?2.Describe the seven (7) key components of a performance management system. Are any of the components more important than the others? Why?Part 3Assignment 3: Planning for Long-Term Success You are to write a three to four (3–4) page paper that answers the following:1.Once an organization has identified its business foundation, it begins the process of developing tasks that are critical in determining its success in each stage of growth. Describe the six (6) developmental tasks that…

Define the management process's functions. 1. Planning and decision making 2.Organizing 3. Leading 4. Controlling

What constitutes a good internal control environment?

What are the FOUR broad goals of an organization's internal control system? What are the FOUR broad goals of an organization's internal control system?

Based on the framework of the Committee of Sponsoring Organizations of the Treadway Commission or COSO, evaluate one of the situations that appear in the document below: Case 1: Control Environment and Control Activities: The Importance of Hiring Trustworthy Employees Joe and Mary Gray started their multimillion-dollar home electronics and car audio store chain in Texas in the late 1970s. By mid-1983, their company had grown to 10 stores in 3 states with 500 employees and gross sales of $30 million. The decline of the oil industry in the mid 1980s led to the company losing almost half of their employees. Additionally, as people moved to more economically viable states, employee turnover continued to increase. During this time, the Grays needed to fill a recently vacated Controller position in their main office. The position was crucial and required a person who was highly motivated and knowledgeable of operations. After interviewing several candidates, they decided to give Jeff Smith…

How do staff authorities, vested with specialized expertise and advisory roles, intricately collaborate and interface with line managers and operational teams, ensuring optimal alignment of strategic directives with day-to-day activities, fostering synergy, and facilitating effective decision-making processes within the organizational framework?

Explain.. How do staff authorities, vested with specialized expertise and advisory roles, intricately collaborate and interface with line managers and operational teams, ensuring optimal alignment of strategic directives with day-to-day activities, fostering synergy, and facilitating effective decision-making processes within the organizational framework?

39) Schermerhorn Identifies four roles “of a competent manager". Which of the following corresponds to one those roles? O Mediating O Organizing

Assignment 2 What is Crises Management? Assuming you have been appointed as a Public Relations officer in an organization, indicate with explanation eight 8 steps you would take to prepare a crises management team.

‘Controlling is a management function that all managers to perform’. Thus, managers develop control systems to achieve both short term and long-term outputs. On contrary, excessive controls can demotivate, results in mistrust. Examine how 21st century managers ensure effective control systems in their workplaces to achieve both short term and long-term outputs.

Question  Joseph and Krystal are part of your social group. They joined Missile’s Financial Services together as middle managers.  Each of them reports to a different senior manager.  These managers report to the Managing Director.  Once a month after payday you all try to have lunch together.  Joseph is very distressed.  ‘I’ve had an awful week and this morning was the worst!’   He recounts what happen between himself and Nicholas his manager.  ‘Nicholas and I were to meet with a new supplier to finalize a contract.  I have been dealing with the supplier all this time and we just needed to finalize the costing.  We had reached an agreement about the cost both of us were comfortable with it. All week I have been trying to get Nicholas to look at the contract and agree the figures etc. We really need this guy’s company they are fast, a good price point for us and willing to customize the stationary for such a small company.  Anyway, Nicholas was always too busy to meet, I emailed him…

1. Based on the concepts related to Foundations of Control ,discuss in extent why control is important to institutions?  a. Discuss fully the types of controls that a institution can implement providing examples to demonstrate the outcomes.

In a business setting, what exactly does "control" mean?

Device an organization chart showing the lines of responsibility and authority in an organization (think of any company or university).

1. Explain the typical span of control at each level of the organization of ZTE Philippines, Inc. 2. Explain the number of levels in the hierarchy of ZTE Philippines inc. 3. Explain the administrative ratio (ratio of managers to total employees and rate of managers to production employees) of ZTE Philippines, Inc.