Payroll System and Internal Control Essay Example | Topics and Well Written Essays - 2000 words

Payroll System and Internal Control - Essay Example aintain a list of the names, addresses and necessary information among others especially of the employees working within the organisation (Lambert, 2005). The importance of maintaining a payroll system lies in keeping a track upon certain specific data especially of the employees’ which include their salary and incentive structure, pension plans, union membership status and taxes along with the method of calculation regarding the pays of the employees by taking into consideration the available employee data. Payroll systems are mainly implemented by using different software in order to calculate the employees’ net pay from various deductions according to the norms and policies of a particular organisation (Mohammed & et. al., 2007) In relation to payroll system, payroll records are usually used or implemented in order to keep a proper record regarding the hours worked by the employees in an organisation on a monthly basis. Apart from the payroll records, a payroll ledger is also used in relation to payroll system. A payroll ledger is a kind of a table that shows the calculated pays of the employees along with the month in which they earned the pay (Mohammed & et. al., 2007) In relation to payroll system, an internal control can be regarded as â€Å"a procedure of control and checking various levels of management in terms of financial and non-financial actions or operations of a particular business within an organisation in order to make sure that the business actions or operations are conducted successfully† (Trenerry, 1999). The internal control of a business within an organisation also focuses towards the procedure of management decision making along with meeting all appropriate legal procedures that eventually leads towards the improvement of any business organisations (Hightower, 2008). The importance of internal control within an organisation lies in a few of the factors that include attaining successful business operations, controlling the business

Business decisions Essay Example | Topics and Well Written Essays - 500 words

Business decisions - Essay Example The company is also finding it difficult to undertake product differentiation. Moreover with the present global financial crisis, the company is also facing the problem of lower spending by the customer. Finally due to the housing crisis, rising unemployment rate (9.9%) and the steady depreciation of the dollar has led to a huge current account deficit for the country. Larsen must conduct proper research to understand the customer. The company should continue with its marketing research programs. This would give knowledge of the customer’s needs and wants during these recessionary periods. The company must continue with its advertising budget. This strategy follows from a popular theory that states that companies who advertise during recession are the leaders when the economy bounces back. It should prepare ads which tend to focus on family values rather than the extreme fun and humor ads. In order to cut costs the company can resort to reduce the duration of the ads rather than scrapping them as a whole. The company can also put emphasis on direct marketing as a promotional tool. Larson must also reforecast its demand estimates. These estimates should be made on the basis of actual market conditions. The demand estimates must be made on the basis of scenario planning where different scenarios would be considered while forecasting the demand estimates. Larson must also change its pricing strategies. Instead of a cost plus pricing strategy it can adopt a marginal cost pricing approach in which the company would charge only the additional amount apart from the total cost coming from labor and materials. The advantage of this strategy is that the company can set up prices of the products near the marginal costs during the periods of poor sale. . (Weinburg College of Arts and Sciences, n.d.) Finally the firm must look towards expanding into newer markets like Asia which offer tremendous opportunities. Lastly it can also identify its business

Critique summary of a research study Essay Example | Topics and Well Written Essays - 500 words

Critique summary of a research study - Essay Example The purpose of the study was further described in the background section which clarified that delirium is a rather common occurrence in frail older adults and there is a need for the development of an understanding concerning the factors which influence recovery. The paper further suggests that the results from this study can be used to influence care management and other procedures at hospitals in order to improve the detection and recovery process. The methods section of the study shows that the research conducted concerning the selection and identification of the patients was excellent. The researchers went to great lengths to get the data they needed about the patients. The patient sampling all had baseline mobility and could certainly show increased dependence for care services if their conditions worsened somehow and this was an important factor for this study. Procedures for the study included an interview at the time of admission to the hospital and a follow-up interview after six months which gave the patients further questions to answer. The primary strength of the study is that it leads to conclusive results which allow hospital managers and working staff to use this study as a part of their operational guidelines. For example, knowing that frailty and a poor diagnosis can lead to worse outcomes, caregivers can be aware that a patient who is frail may have problems such as delirium in tow with other medical conditions. Similarly, the study can also raise the importance of recognizing delirium as a possible cause for the problems faced by a patient. The weakness which is present in the study (which was also acknowledged by the scientists conducting the study) is that the sample size was very small to draw overall general conclusions which are universally applicable. The sample size of 77 of which only 50 could be found after six months is surely too

Wk 4 Compare the different law enforcement tactics to combat human Essay - 1

Wk 4 Compare the different law enforcement tactics to combat human trafficking. Is law enforcement criminal intelligence sharing and cooperation on human trafficking working - Essay Example (Simon p1) The question posed is whether the different law enforcement tactics to combat human trafficking including criminal intelligence sharing and cooperation is working. I would say that based on the research in the 2 articles provided it is working at least to the extent of slowing down the rate of increase of human trafficking incidents if not actually decreasing them. Some of the causes of human trafficking are beyond the direct control of law enforcement such as poverty, political and/or social inequalities, natural disasters like Katrina and political influences. Also the extent of human trafficking is difficult to quantify due to the reluctance of victims to alert law enforcement even if they can for fear of deportation and/or retribution from the traffickers. The 2 articles provided address the issue of US human trafficking in different ways. Simon discusses effective policing whereas Hepburn et al focuses on advances in legislation. Simon’s methodology is to survey Florida police departments and non government social service organizations (NGOs) to assess their policies for fighting human trafficking. He notes that proactive community policing has proven more effective than traditional reactive policing in fighting crimes such as human trafficking. This involves officers interacting with members of immigrant communities, preferably in their own language, and NGOs catering to them to gain intelligence about suspected trafficking operations. Also since prosecutions are pursued federally there must be cooperation between the 2 levels to ensure local police identify and stop the crime, manage victims and protect evidence to ensure prosecutions are effective. Police officers must be trained not only in the law but also how to deal empathetically with fearful victims. On the other hand, the Hepburn et al article outlines developments in

Lecture Notes Case Study Example | Topics and Well Written Essays - 1500 words

Lecture Notes - Case Study Example Heat Exchanger found within the main furnace unit. When the system is turned on, heat air drawn into the air exchanger from outside of the building through a cold air return chase, which draws cool air from the interior of the building as it’s replaced by warmed air. Evaporator Coil; supplies cooled air for the furnace blower to distribute through the ducts or airways and is made of metal tubes surrounded by thin aluminum fins, which cool the air similar to a radiator in an automobile. Condensing Unit; located outside of the building and has a compressor that condenses refrigerant gas, cooled by heat exchange with the outside air, to a fluid, then pumps the fluid through a metal line to the evaporator coil in the furnace unit. As it passes through the evaporator coil, tiny spray nozzles spray the cooling fluid into a chamber, which lowers the pressure and the fluid evaporates back into a gas. In a building, they are supplement as they provide thermal comfort during cold weather, and fresh air within the reasonable distance from where they have been installed. They also minimize air infiltration and ensure pressure in different parts of a building is in equilibrium. They also ensure room air distribution. Some of it components include a thermostat, furnace, heat exchanger, condensing unit, refrigerant lines, and evaporating coil. In a building they serve various purposes which are usually perceived to be of help than harm; a thermostat is a temperature sensitive switch, used to control the HVAC system. When temperature lowers beyond room temperature switch the system to heat the room in therefore rising to the require room temperature. It also switches off the system if the optimum is achieved to prevent further heating. In this it enables the HVAC system to regulate the temperature of the building. High temperatures n a building causes a lot of

Entrepreneurship Essay Example | Topics and Well Written Essays - 2000 words - 12

Entrepreneurship - Essay Example Start ups succeed when entrepreneurs are able to correctly anticipate the needs of a niche market and then work steadily to capitalize on the unique points of their service. Cater2me was successful in part because it was self financed and did not opt to achieve quick profit growth as is often required by venture capital funding. The owners can now further expand the business through Format franchising, which will allow Cater2me to reach across the Atlantic into the bustling London market through licensing their brand, operations value and culture to aspiring business owners. The format lets the franchisor keep control of their original idea while including and incorporating local insights from the franchisees and minimizes the risk for both the groups. It is a symbiotic relationship where Cater2me will provide the necessary support (training, managerial and operational processes, brand value etc) to their franchised outlets in overseas centers and the business owners themselves will take on the routine work and risk associated with running the branches. Partners Zach Yungst and Alex Lorton had the idea for their startup Cater2me, while walking across downtown San Francisco, admiring the variety of food options available at street side vendors. They were also aware of how these vendors were limited to a restricted customer base and did not have the options for scalability that were available to restaurants or better financially backed establishments. They saw a market opportunity for bridging the gap between the vendors and the corporate customers who would be eager to sample the vast variety of food items if only it was conveniently packaged and delivered. Cater2me began in 2010 as a service providing quality food options to the various corporate offices and other tech startups operating in San Francisco who are not big enough to afford

Steategic management- ADOBE Research Paper Example | Topics and Well Written Essays - 1750 words

Steategic management- ADOBE - Research Paper Example The company has a well defined corporate strategic management base employing some of the best skills circling basic the realms of corporate resources. This paper purports to explore the basic concepts that Adobe utilizes through marketing, financial strategies, Research and Development, Human Resource Management, Information Technology and Operation and Logistics, evaluating which of them is most competent to the business and how they are relevant to the future of the business. It also looks into the viable internal factors that management can outsource to other companies, while looking at the future of the business and its ability to remain relevant in a diversifying and competing business environment (Morden, 398). As a research driven company, Adobe researchers strive to remain on their toes in order to remain relevant in the ever changing information technology world. Researchers ensure to create the best innovations for clients. To make this doable, the company employs passionate individuals, who remain committed leaders and trustworthy to the creativity process. The company ensures that the innovators get the support they need and gives them the freedom to roam around their ideas. Additionally, the company holds collaborative projects with other companies as well as universities. The universities’ Information Technology Faculties are important because in order to advance to the future, technological advancement is core especially in the Information Systems and Technology techniques, which is the main focus of Adobe Company. Adobe’s inter-faculty relationship strategies between IT and engineering in collaborating universities make the research and development practice sharp ed ged. Consequently, the company provides some of the best software in the market like Content-Aware Fill in Photoshop CS5. It also invests heavily in employing PhD researchers who provide radical innovations for the company’s