...decisions mutually with five people instead of three. It can also hurt the record proposal that you have been offered, if you now have additional band members. My recommendation is that you keep Chris and Pierce with the band as contract musicians only. If they are happy with this decision, then that is the best one to make for your personal success. As you grow in the industry, their personal careers will grow by being associated with you, but they are free to go off on their own. The next issue that you are facing is with the impact of revenue. You need to go over your offered contract and make sure that it is possible that you will make a substantial profit by joining the label. If the profit would be the same as when you were going at it independently, then joining the label may not be the best idea. My recommendation is that if the profit envisioned is the same, then stay independent. I say this because you will have greater control in what your music entails. You will have all the creative say in how your CD is designed and how your controversial lyrics are portrayed. Humble Abode let you create a CD that had an okay quality. In the music industry, okay is not good enough. With the new label, you would be able to create a much better quality sound and that can improve your sales overall. My recommendation is to consider whether or not you will be able to generate more sales with a better quality CD. If you are able to do so, then signing with the label will probably...
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...BDO Consulting Segregation of Duties Checklist August 2009 BDO Consulting’s Fraud Prevention practice is pleased to present the 2009 Segregation of Duties Checklist. We have developed this tool to assist organizations in identifying fraud risks due to a lack of segregation of duties. We appreciate this opportunity to provide guidance on segregating duties and recommended practices. We welcome the opportunity to discuss these concepts and our other fraud prevention services with your organization. When duties cannot be segregated, compensating controls should be considered. Compensating controls can be preventative, detective or monitoring controls that are executed by an independent, supervisory-level employee who does not have custody, record-keeping, authorization or reconciliation responsibilities for the process. In the checklist below, we have provided examples of several such compensating controls. Ideally, no individual employee should handle more than one of the above-noted functions in a process. When an organization separates these functions among its employees, it has implemented a strong internal control, which may deter and prevent employee fraud. Segregation of duties is one of the key concepts of internal controls. It is also one of the most effective internal controls in combating employee fraud. Segregation of duties contributes to an organization’s system of checks and balances. The concept of segregation of duties is to separate the following...
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...INTRODUCTION HDFC slic is one of the leading private company. It is the first private sector life insurance company to be granted a certificate of registration on 23rd October from IRDA. IT is a joint venture between Housing Development Finance Corporation, India’s leading housing finance institution and a group company of standard life , UK. Standard life ,UK, founded in 1825, has been at fore front of UK INDUSTRY for 175 years by combining sound financial judgement with integrity and reliability. HDFC AS ON 31ST DECEMBER 2008, HOLDS 72.4% OF EQUITY IN JOINT VENTURE. Associate companies are : • HDFC LTD • HDFC BANK • HDFC MUTUAL FUND • HDFC SALES • HDFC ERGO GENERAL INSURANCE OVERVIEW OF COMPANY MISSION • Customer service • Value for money for customer • Use of technology to improve service standards • Increasing market share VALUE • Integrity • Innovation • Customer centric • Team work • Joy and simplicity PEOPLE The company employes nearly around 30000 people at whole The whole nation is divided into 10 channel development zones. Each zone is divided into areas or territories. The famous people associated with company are : Mr. Deepak S. Parikh Executive chairman of HDFC Mr. .Gautam R. Divan Former chairman Midsnell group ...
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...Chapter: 01 Introduction Introduction: Bangladesh, 160 million peoples country is encompasses with thousands of Industries where service sector have taken the leading position in the country’s GDP in recent years. Banking sector is holding the leading position in order to take the GDP’s leader board of the table among the service industries. Last year Banking sector have contributed 48% of the country’s total GDP which is the clear indicator of pick position holder of the table. That rapid growth of the Banking service industry influenced a lot of people to involve their career in multiple sector of banking industry directly. So this is the perfect beginning t report the modern banking service in Bangladesh by South East Bank Limited where I have witnesses their performance growth in banking sector as an intern. Banking plays an important role in the economy of any country. In Bangladesh Muslim consist more than 80% of its population. These people possess strong faith on Allah and they want to lead their lives as per the construction given in the holy Quran and the way shown by the prophet Hazrat Mohammad (sm).But on Islamic banking system was developed here up to 1983.The traditional banking is fully based on interest it is commonly meant as commercial banks. But interest is absolutely prohibited by Islam. The main aim of traditional banking is to earn profit by borrowing and lending money in exchange of interest. As a result there is an unfair...
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...A Charter School is a school established to provide students and parents with more choices in the types of educational opportunities and programs that are available within the public school system. The Matanuska-Susitna Borough School Board approves of community-based charter schools. All Matanuska-Susitna Borough School District (MSBSD) Charter School programs are open to student’s applications who reside within the school district. Starting a charter school is truly a community effort. However, the rewards we may find by creating a new educational option for children are well worth the effort. The first question we want to answer is why do we want to start a charter school? As a charter developer, we need to have a clear answer to this question. Matanuska-Susitna Valley residents desire a school that provides a rich and comprehensive educational program for students with talents and potential in dance, instrumental music, vocal music, theatre, and visual art or media arts. This school will provide students and parents with expanded choices in the types of educational opportunities that are available within the public school system to maximize each student’s special talents. Our graduates will increase the quality of their life, the lives of people who surround them, and the respective communities of the Valley. There are many people interested in helping to start our charter school waiting for recruitment. These founders will include parents, teachers, school principals...
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...questions 6 1.5 Scope of the study 6 1.6 Justification of the study 7 CHAPTER TWO 9 LITERARURE REVIEW 9 2.1 Evolution of internal controls 9 2.2 Components of Internal Controls 12 2.4 Relationship between a firm’s age and internal control 18 2.6 Internal controls in small businesses 19 CHAPTER THREE 21 RESEARCH METHODOLOGY 21 3.1 Research design 21 3.2 Population 21 3.3 Sample and Sampling Technique 21 3.4 Data collection methods 22 3.5 Data analysis 22 CHAPTER FOUR 23 DATA ANALYSIS AND FINDINGS 23 4.1 Introduction 23 4.2 Segregation of Duties 23 4.3 Procedural Controls 24 4.4 Relationship between Age and Internal Control on Cash 25 CHAPTER FIVE 27 SUMMARY, CONCLUSIONS AND RECOMMENDATIONS 27 5.1 Summary of Findings 27 5.2 Conclusions 29 5.3 Recommendations 30 REFERENCES 31 Appendix 1: Internal Control Questionnaire for Cash 37 CHAPTER ONE INTRODUCTION 1.1 Background of the study...
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...duties and responsibilities with regard to risk management, control and governance processes. To this end, the internal auditor furnishes them with analyses, appraisals, recommendations, counsel and information concerning the activities reviewed. The discovery of errors and fraud is the ancillary objective of internal auditing. The internal auditor as an adviser to members of the organization As an adviser, the internal auditor examines and reviews the activities of the organization in order to evaluate them with a view to furnishing members of the organization with advice, information and recommendations that will enable them to discharge their duties effectively. As an adviser, the internal auditor merely offers advice, gives information or makes recommendations. The ultimate decision whether or not to accept this advice or information or to implement these recommendations, therefore always rests with executive management. The internal audit activity should never possess the organizational power to force top executive management to accept the audit results. Management may decide to: 1. accept the auditor’s recommendations, in which case the internal auditor must ascertain that the corrective action taken is achieving the desired results, or 2. reject the internal auditor’s recommendations, in which case the internal auditor should ascertain that top executive management has assumed the risk of failing to take corrective action on reported findings. The...
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...[pic] Internship Report On Overall Banking System of Jamuna Bank Limited [This internship report is submitted in partial fulfillment of the requirement for the degree of Bachelor of Business Administration (B.B.A)-Major in Accounting.] PREPARED FOR Farjana Yeshmin Assistant professor Head of Accounting Department of Business Administration Stamford University, Bangladesh. PREPARED BY MD. RASHAD UDDIN ID# BBA 037-11983 Batch 37th Department of Business Administration Stamford University, Bangladesh. LETTER OF TRANSMITTAL Date: November 12, 2012 Farjana Yeshmin Assistant Professor Head of Accounting Department of Business Administration Stamford University,Bangladesh Subject: Submission of Internship Report. Dear Madam, I am pleased to submit hereby the project paper of “Overall Banking System of Jamuna Bank Ltd.” for your kind evaluation. To prepare this report, I have given my best effort that would enhance the project report. This report attempts to describe my observations, learning during the study this course. I made sincere efforts to study related materials, documents, annual report and operational systems of Jamuna Bank Ltd. (Shantinagar Branch) and examine relevant records for preparation of the term paper’s have tried my best to make this term paper as comprehensive and informative as possible within the time allowed for me. Due to various...
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...ADMINISTRATION K.N.U.S.T. School of Business. Department of Information Systems and Decision Sciences July, 2015 DECLARATION I hereby declare that this submission is my own effort and work towards the Masters degree and that to the best of my knowledge, it does not contain no material previously published by another person nor material that has been presented and accepted previously for the award of any other degree of the university, except where due acknowledgement has been given in the text. Dumenu Charles Selorm PG9646213 ……………………. …………………….. (Student’s Name and ID No.) Signature Date Certified by: Mr. K. Owusu Kwateng ……………………. …………………….. (Supervisor's Name.) Signature Date Certified by: Dr. Jonathan Annan ……………………. …………………….. (Head of Department’s Name) Signature Date DEDICATION I dedicate this to musicians in the Ghanaian music industry, music consumers, producers, executive producers and all other players in the music industry. ACKNOWLEDGEMENT The researcher is most grateful to God Almighty Father for His guidance protection and favor. He is also highly indebted to Mr. Yao Mensah Dumenu and Mrs. Sarah Aba Afari Dumenu his parents for their immense support priceless sacrifices, encouragement and motivation for higher learning and illumination academically. On the same wavelength the efforts and assistance...
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...your body’ Confidentiality Agreement The undersigned reader acknowledges that the information provided by ‘Beauty at rest’ managerial team in this business plan is confidential; therefore, reader agrees not to disclose it without the express written permission of the authorised company representative. It is acknowledged by reader that information to be furnished in this business plan is in all respects confidential in nature, other than information which is in the public domain through other means and that any disclosure or use of same by reader, may cause serious harm or damage to ‘Beauty at rest’ business. Upon request, this document is to be immediately returned to the ‘Beauty at rest’ management team. ___________________ Signature ___________________ Name (typed or printed) ___________________ Date Table of Contents (can be placed before or after the Executive Summary) 1.0 Executive Summary……………………………………………………………….(p. #) 2.0 Mission, Vision, & Culture 3.0 Company Description 4.0 Opportunity Analysis & Research 4.1 Industry Analysis 4.2 Environmental Analysis 4.3 Competitive Analysis 5.0 Marketing Strategy & Plan 5.1 Products/Services 5.2 Pricing 5.3 Promotion 5.4 Place 6.0 Management & Operations 6.1 Management Team 6.2 Research & Development 6.3 Physical Location 6.4 Facilities 6.5 Inventory, Production, & Quality Assurance 7.0 Financial Analysis & Projections 7.1 Sources & Uses of Capital ...
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...The duties, status and liability of the auditor WHAT IS AN AUDIT?[1] The word “audit” comes from the Latin word audire which means “to hear” because, in the middle Ages, accounts or revenue and expenditure were “heard” by the auditor. An audit is the process of checking that the way an organisation presents information about its financial position (its ‘Financial Statement of Accounts’) is true and fair. In essence, ‘true and fair’ means that, in the auditor’s opinion, the company’s financial statements offer a true and fair view of its actual financial position, and that any assumptions they include are reasonable. We can say that, Auditing is works with evaluating organizations financial statements, systems, projects, process according to standards. It is also engaged with non-financial matters of an organization. Such audits can be performed to identify inefficiencies in an organization. Why Auditing:[2] Audits exist to add credibility to the implied assertion by an organization's management that its financial statements fairly represent the organization's position and performance to the firm's stakeholders. The principal stakeholders of a company are typically its shareholders, but other parties such as tax authorities, banks, regulators, suppliers, customers and employees may also have an interest in knowing that the financial statements are presented fairly, in all material aspects. An audit is not designed to provide assurance of 100% accuracy; rather it...
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...TABLE OF CONTENTS - CHAPTER 3 I. CHAPTER 3 – RESPONSIBILITIES OF FINANCIAL MANAGEMENT 2 II. PERTINENT POLICIES 2 III. INTERNAL CONTROL 2 A. Overview of Internal Control 3 B. On-the-Job Application of Internal Controls 4 1. Records Management 4 2. Source Documents: Organization and Filing 5 3. Develop Departmental Procedures for Each Financial Process 7 4. Detailed Procedures for Cash Handling 10 5. Perform a Series of Daily, Weekly, Monthly, and Quarterly Tasks 10 6. Provide Regular Reporting to Management 14 7. Know Pertinent Campus Policies, Procedures, Regulations and Resources 14 CHAPTER 3 – RESPONSIBILITIES OF FINANCIAL MANAGEMENT The purpose of this chapter of The Guide is to provide information about administering departmental finances. This section notes significant policies and procedures, provides an overview of internal control, gives suggestions for getting organized and ready to work, and provides a checklist of periodic tasks to complete. PERTINENT POLICIES As noted in Chapter 2 of The Guide, departmental financial management must be done in accordance with University of Colorado and Boulder campus policies. The following three policies are of critical importance: ▪ Fiscal Roles and Responsibilities ▪ Program Management and Fiscal Control Responsibility ▪ Fiscal Code of Ethics The Fiscal Roles and Responsibilities Policy establishes...
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...Science And Technology Chittagong Subject: Submission of Internship Report. Dear Sir, It is my pleasure to submit my Internship Report on “An Overview of General Banking and Foreign Exchange Mechanism of Bank Asia Limited, Khatungonj Branch, Chittagong” to you after completion of three months internship program with Bank Asia Ltd. I tried my best to gather relevant information for preparing a complete report. Without the sincere co-operation and proper guidance of you, it is not possible for me to prepare the report. For this act of kindness I am grateful to you. This report is not free from mistakes due to some limitations. I hope you accept it with gracious consideration. Sincerely Yours, ---------------------------- Signature KEYA DEBI ROLL NO 347 (Major in Finance) Department of Business Administration University Of Science And Technology Chittagong. TABLE OF CONTENTS Content----------------------------------------------------------------------------------Page Acknowledgement ------------------------------------------------------------------- 1 Executive Summery -----------------------------------------------------------------2 Chapter 1 ------------------------------------------------------------------------------4 Introduction ---------------------------------------------------------------------------4 Organization Overview-------------------------------------------------------4 Origin of the Report -----------------------------------------------------------4 ...
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...MANUAL OF PROCUREMENT POLICIES AND STANDARD OPERATING PROCEDURES for THE NHF PROGRAMMES of THE MINISTRY OF HEALTH And THE MINISTRY OF POPULATION WELFARE GOVERNMENT OF PAKISTAN TABLE OF CONTENTS ACRONYMS AND ABBREVIATIONS DEFINITIONS SECTION ONE GUIDELINES AND POLICIES 1. PURPOSE OF THIS MANUAL 2. INTRODUCTION 2.1 Application of this Manual 2.2 Public Procurement in Pakistan 2.3 No Application in the Provinces 3. USE OF STANDARD PROCUREMENT FORMS 4. STANDARD BIDDING DOCUMENTS 5. COMMUNICATION AND RECORDS MANAGEMENT 5.1 Authority for Correspondence and Communications 5.2 Documentary Records 5.3 Responsibility and Accountability 6. PROCUREMENT POLICY GUIDELINES 7. CODE OF ETHICS SECTION TWO 1-49 STANDARD OPERATING PROCEDURES (See List in Section Two) SECTION THREE 1-17 STANDARD PROCUREMENT FORMS (See List in Section Three) SECTION FOUR ADDITIONAL NOTES TO THE STANDARD OPERATING PROCEDURES (See List in Section Four) ACRONYMS AND ABBREVIATIONS ADB Asian Development Bank AG Auditor General AGPR Accountant General Pakistan Revenue BOC Bid Opening Committee EOI Expression of Interest EPI Expanded Programme of Immunization FPC Federal Procurement Cell GFR General Financial Rules, 1951 GoP Government of Pakistan ICB International Competitive Bidding IFI International Financial Institution ITB Instruction to Bidders LC Letter of Credit LCS Least Cost...
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...M UM B A I S I L I C O N VA L L E Y BANGALORE S I NG A P ORE M UM BA I -BK C NEW DELH I M UNI CH Intellectual Property Law in India December 2013 © Copyright 2013 Nishith Desai Associates www.nishithdesai.com Intellectual Property Law in India About NDA Nishith Desai Associates (NDA) is a research based international law firm with offices in Mumbai, Bangalore, Silicon Valley, Singapore, New Delhi, Munich. We specialize in strategic legal, regulatory and tax advice coupled with industry expertise in an integrated manner. We focus on niche areas in which we provide significant value and are invariably involved in select highly complex, innovative transactions. Our key clients include marquee repeat Fortune 500 clientele. Core practice areas include International Tax, International Tax Litigation, Litigation & Dispute Resolution, Fund Formation, Fund Investments, Capital Markets, Employment and HR, Intellectual Property, Corporate & Securities Law, Competition Law, Mergers & Acquisitions, JVs & Restructuring, General Commercial Law and Succession and Estate Planning. Our specialized industry niches include financial services, IT and telecom, education, pharma and life sciences, media and entertainment, gaming, real estate and infrastructure. IFLR1000 has ranked Nishith Desai Associates in Tier 1 for Private Equity (2014). Chambers & Partners has ranked us as # 1 for Tax, TMT and Private Equity (2013). Legal Era, a prestigious Legal Media Group...
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