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Essay text:
(Hrncir, 224) Most systems are designed to accomplish four basic tasks:
1. Protect assets.
2. Produce reliable accounting information.
3. Promote operational effectiveness.
4. Require adherence to company policies and procedures.
There are two types of internal controls which are equally important to a successful small business. Financial or accounting internal controls are intended to ensure the protection of company assets. Administrative controls are established to effectively control the operations transactions to promote operation efficiency. (Spencer, 1)
When a company is in its infancy stages documentation of policies and procedures are sometimes the last things to get established...
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Common topics in this essay:
- Capital Budgeting and Cash Flow Estimation
- Cash Flow
- Cash Flow
- cash flow issue
- Equity, Cash Flow, and Notes Analysis
- Equity, Cash Flow, and Notes Analysis
- Example of analysis of cash flow
- INTERNAL CONTROLS
- Internal Controls and SOX
- internal controls of an accounting information system
- KMART Equity, cash flow, notes
- Small Business Internal Controls
- Walgreen'S Cash Flow
- Cash Flow Management
- Information Management in Today's Business Environment
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