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Q: An internal control evaluation is a detailed systematic and comprehensive examination of key controls to determine if they and rsquore in place being used as intended and effective in achieving their?
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Continue Learning about Accounting

What is the relationship of accounting in the management of an organization?

It's a question of resources, isn't it? Management accounting is the evaluation of the organizations' resources, and a complete knowledge of one's resources is necessary for business decisions: planning (identifying goals & objectives), organizing (structuring departmental resources to meet said goals), leading (maintaining morale & managing communication and employee relationships), and controlling (determining measurements of success and developing toward achieving them).


What is the effectiveness of budget in achieving organizational strategic goals?

Budgets play effective role in achieving organizational strategic goals in this sense that these budgets are the ways through passing which you reach at your strategic goals. In budget development process you try to foresee that will you successfully reach at your strategic goals or not . Budgets sets the standards to achieve goals and with the help of these standards organizations can evaluate the fluctuations occur during the year and try to ascertain the reasons from deviating from achieving the define goals.


What is difference between income and profit?

Income: all valuable earnings. Profit: valuable earnings minus valued effort/cost in achieving initial income.


How does the additional refundable tax in income tax Act section 123.3 assist in achieving integration?

Perhaps this link will assist you in your research: http://www.bcchamber.org/Policy_and_Positions/National_Policy_Statements/Finance/Reestablish-parity.aspx


What are the advantages and disadvantages of incremental budgeting?

Some of the advantages of incremental budgeting are that this type of budgeting is easy and quick. Some disadvantages of incremental budgeting are that different methods for achieving the objective may not be considered and if the budget is not fully spent it can be reduced during the next period.

Related questions

Employ a systematic approach to achieving objectives in real estate?

a systematic approch to achieve objectivea in real estate


What is the motto of Cwrt Sart Comprehensive School?

The motto of Cwrt Sart Comprehensive School is 'Achieving through believing'.


What are the barriers of strategic evaluation and control?

Barriers to strategic evaluation and control include lack of top management support, insufficient resources, unclear objectives, resistance to change, and poor communication within the organization. These barriers can hinder the effectiveness of the evaluation process and prevent the organization from achieving its strategic goals.


When is a job evaluation used?

Job evaluation is a methodical way of shaping the value/worth of a job with respect to other jobs in an organization. It tries to construct a methodical comparison between jobs to evaluate their comparative importance for the rationale of establishing a balanced pay structure. Job evaluation needs to be differentiating from job analysis because JA is a systematic way of congregation of information about occupation. Every job assessment method requires at least some fundamental job analysis in order to provide truthful information about the jobs anxious. Thus, job evaluation begins with job analysis and ends at that point in time where the significance of a job is determined for achieving pay evenhandedness between jobs. Several methods such as job ranking, job grading, and factor comparison are employed in job evaluation.


What is the name of the process developed by The Software Engineering Institute that addresses 18 key process areas for achieving a certain level of organizational maturity?

Software Process Improvement and Capability Evaluation


8 A on an O?

This commonly refers to achieving an "A" grade on an assignment or evaluation. It signifies exceptional performance or mastery in the task or subject matter.


What do you want to accomplish with the program evaluation?

The goal of the program evaluation is to assess the effectiveness, efficiency, and impact of the program in achieving its intended outcomes. This process helps identify areas for improvement, inform decision-making, and demonstrate the value of the program to stakeholders. Ultimately, the evaluation aims to ensure that the program is meeting its objectives and making a positive difference.


Why is it necessary to assess course offerings school programs instructional materials instructional facilities teachers students and principals?

To choose which best suits your abilities, interests and aspirations.


What is strategy evaluation and Control?

Strategy evaluation and control involves assessing how well a strategy is performing against predetermined goals and objectives. It helps to ensure that the strategy is still relevant and effective in achieving the desired outcomes. This process often involves comparing actual results with expected results and making adjustments as needed to stay on track.


What is 'ACMEE' approach?

A=Aims(why) C=Contents(what) M=Methods(how) E=Execution(when,where,who) E=Evaluation(how performance be evaluated) It is for achieving the objectives (aims) of training programme should be well-planned properly executed and well-coordinated.


What is a guide method?

A guide method refers to a systematic approach or set of instructions designed to assist individuals in achieving a specific goal or completing a task. It often involves providing step-by-step directions, tips, or recommendations to help navigate a particular process efficiently.


What is monitoring and what is the difference of monitoring and evaluation?

Monitoring -Ongoing analysis of project progress towards achieving planned results with the purpose of improving management decision makingEvalution - Assessment of the efficiency, impact, relevance and sustainability of the project's actions.http://www.gage-technique.com