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Is this statement true or false Internal controls are necessary when there is a separation of ownership from management. What is the meaning of this statement?
Wiki User
∙ 11y ago
i have the exact same question in my accounting assignment. somebody help.
Wiki User
∙ 11y ago
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What is statement of ownership?
Statement of ownership is a sworn statement made by a person affirming the legal ownership of real property. It is a legal document where a person swears that they do own something.
What statement of opinion best describes fascism?
The government allows some private ownership and management of important industries while maintaining complete political control over the people.
The ownership of goods pawned passes to the pawnee?
The ownership of good Pawnees passes to is incorrect statement. For ownership to pass, goods must be specific ownership in goods cannot pass till the goods are curtained
Why is it necessary for a company to have health and safety policy?
A Policy is a statement of the expectations of top management and the stockholders. Without a policy, middle management lacks direction and may not take appropriate actions to maintain adequate healt and safety procedures and conditions.
What should accompany the income statement of a company using earnings management?
An income statement, enhanced by earnings management without adequate disclosure, may well be a fraudulent income statement.
Why is it necessary to prepare a projected financial statement though the future is uncertain?
Projected financial statement shows management the way to go before actually going to that way in this way at least management has the plan where to go how to perform operations what need to do to achieve desired results and if there is any change at least they have something against which they can compare what went wrong.
What role does mission statement play in strategic management of an organization?
The mission statement gives a written statement of the overall, broad goals of the company. The strategic management of the company ultimately helps the organization to reach their overall mission statement.
For management movement to develop it is essential that there should be empahsis on participative management analyze this statement in the context of present management scenario citing examplex?
"For Management Movement to develop it is essential that there should be emphasis on participative management." Analyze this statement in the context of present management scenario, citing examples.
What is the difference between a Vision Statement a Mission Statement and a Quality Policy statement?
A Vision Statement is a statement of the reason for being an organization. It defines the overal goal of the organization in terms of its strategic management. It should answer two main questions;Who are we?What are we to achieve?A Mission Statement is a statement of the "how" we are going to achieve our vision. This statement tells the general public what do we do and how we are doing it.A Policy Statement is the means by which you can describe, usually in detail, your actions as an organization. A Quality Policy Statement shows the intent of the top management team with regard to the management of quality.
A company's founders or top management will express their vision in a mission statement?
mission statement
What does FSH mean on a military Leave Earning Statement?
Family Separation Housing (FSH) which used to be known as Family Separation Allowance (FSA)
What statements about the bill of rights is false?
The verbatim statement "separation of church and state" is not in the constitution.
