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What are the internal and external users of financial statements?
External Users: 1 - Potential Investors 2 - Banks 3 - Financial Institutions 4 - Governament 5 - Creditors 6 - Suppliers Internal Users 1 - Employees 2 - Management 3 - Share holders etc
What is an aid in internal control over payrolls that indicates employees attendance?
An aid in internal control over payrolls that indicates employee attendance is a clock card. It can also be referred to as a time clock.
Why do companies use internal controls to protect cash?
Because they don't want employees taking the company's cash. Internal controls should prevent individual employees form having the ability to take cash or they should limit that capability while providing early detection the the ability to pinpoint responsibility down to the individual.
What is the importance of internal auditor for an organization?
The purpose of an internal auditor is to review the current methods within a company and determine if they are beneficial or not. This may include review wages of employees, profit margins and sales prices.
What is the internal transaction number?
An internal transaction number is a unique identifier assigned to a specific transaction within an organization's internal systems. It is used to track and manage transactions efficiently, ensuring accurate record-keeping and facilitating audits. This number helps in referencing transactions easily, both for employees and for any internal processes that may require review or reconciliation.
why would unsupervised employees or employees who report to each other-represent potential internal control threats?
There would be no real supervision and no accountability.
What is diffeent about how job applicants spend time looking for jobs and how employers spend time looking for good employees?
Potential employees rely on newspaper advertisements, while employers rely on internal networking.
Do hackers represent an internal human threat?
No. Hackers are generally regarded as external human threats. Internal human threats include disgruntled employees. They may also be hackers, but the fact they are employees makes them an internal threat, not the fact they are hackers.
Is an internal process geared to identifying potential problems before they cause injury to patients or employees?
Risk Management
What is different about how job applicants spend time looking for jobs and how employees spend time looking for good employees?
Potential employees rely on newspaper advertisements, while employers rely on internal networking.
What would you consider an internal audience for a company?
I would consider all employees within a company as the internal audience. You could also include shareholders which are not specifically employees put would be considered as internal.
Why is essential to balance internal and external recruitment?
Internal recruits are employees who already know the company and its ways of working. Additionally you know what their performance, limits and abilities are like. Internal recruitment also gives opportunities to staff to get promoted, in other words it is a major incentive for employees to develop their full potential. External recruits mean you can bring in people to your organization with new ideas and knowledge to keep things fresh.
What internal decision makers?
Management Shareholders Employees
What is meant by internal marketing?
internal marketing:- Its about hiring, training and motivating able employees to serve customer well. Its about selling your vision to your employees so as to achieve organizational goals.
Internal and external potential for growth?
internal growth of a restaurant business
What internal decision makers comprises?
Management Shareholders Employees
Who are the internal customers for back of the house employees?
Front of house
