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Internal controls have existed since the dawn of business activities. Internal controls are basically systems of checks and balances. The purpose is to keep the organization...
Inventory in transit is an area that is customarily ignored by control system designers, because they tend to think only in terms of on-site inventory. However,...
Cost control must be exercised over manufacturing and non-manufacturing costs. Costs should only be incurred for necessary business expenditures that will provide revenue benefit to the...
You must ensure that a well-managed accounts payable system is in operation. Any warning signs of problems with payables must be identified and solved. The control...
Inventory accuracy level is needed to ensure accurate inventory costing, as well as to assist the materials department in planning future inventory purchases. Minimum accuracy level...
This is to follow my previous post about credit policy. And on this post we are developing a credit policy. Credit is temporary capital and the...
Credit is an indispensable catalyst in financing the movement of commerce. Its roots go fairly deep in time and are definitely as old as the concept...