Please print a copy of this syllabus for handy reference. Whenever there is a question about what assignments are due‚ please remember this syllabus is considered to be the ruling document. GENERAL COURSE INFORMATION COURSE NUMBER: MBAA076C66 COURSE TITLE: Resource Optimization COURSE START DATE: 08/14/07 COURSE END DATE: 09/24/07 REQUIRED READING: Students are required to read all materials available at the rEsource site for this course on http://mycampus.phoenix.edu. Facilitator Information
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Clarkson Lumber Company 1. Identify the key problem in the case and explain why it is the key problem. Clarkson Lumber Company’ sales have been growing quickly over the last couple of years. Growths in working capital necessities have surpassed the capacity of the company to produce funds by itself. Also‚ part of the finances was used to buy out a partner‚ further raising the pressure. The company couldn’t appreciate discounts on accounts payable and started borrowing larger funds from the bank
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2.4.3 CASH 2.4.3.1 POLICY 1. The amount of cash kept in the office must be kept to a minimum to reduce the risk of fraud or theft. This amount should be determined by the PO or CO Head of Finance on the basis of regular cash requirements. An imprest petty cash system should be implemente (see Annex 2.4.03 Petty Cash Book template‚ and below Guidelines). 2. The maximum imprest for a petty cash fund should not exceed the equivalent of CHF 2‚000. The PO Representative or Country
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The Demand for Audit and Other Assurance Services O ssu a S s Chapter 1 ©2012 Prentice Hall Business Publishing‚ Auditing 14/e‚ Arens/Elder/Beasley Arens/Elder/Beasley 1-1 SarbanesSarbanes-Oxley Act Enron WorldCom The Act established the Public Company Accounting Oversight Board. It also requires auditors to report on the effectiveness of internal control over financial reporting. ©2012 Prentice Hall Business Publishing‚ Auditing 14/e‚ Arens/Elder/Beasley Arens/Elder/Beasley 1-2
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Thomas M. Krueger‚ University of Wisconsin-La Crosse Introduction The importance of efficient working capital management (WCM) is indisputable. Working capital is the difference between resources in cash or readily convertible into cash (Current Assets) and organizational commitments for which cash will soon be required (Current Liabilities). The objective of working capital management is to maintain the optimum balance of each of the working capital components. Business viability relies on the
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1888 The First National Manual Cash Register In 1883 on January the 30th James Ritty receives a Patent for inventing the cash register. Ritty owned a cafe in Dayton in the 1870s it was a popular cafe but somehow always lost money Ritty then blamed the bartenders and other workers for stealing. What Ritty dealt with was very common in the late 1800s. Ritty later went on a vacation on a ship whist on the ship he observed the workings of an automatic device that recorded the revolutions of the ship’s
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CHAPTER 20 Audit of Cash Balances Copyright 2003 Pearson Education Canada Inc. 20 - 1 What are the auditor’s primary concerns with regard to cash? Copyright 2003 Pearson Education Canada Inc. 20 - 2 What are the auditor’s primary concerns with regard to cash? - existence Copyright 2003 Pearson Education Canada Inc. 20 - 3 What are the auditor’s primary concerns with regard to cash? - existence - completeness Copyright 2003 Pearson Education Canada Inc
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Subject: Cash Pooling Supervisor: Dr. Nasser Abu Mustafa University: NYIT Cash Management: Cash pooling Abstract The role of the corporate cash manager has been continuously revised over the past few years‚ as a result of the demand for more effective and efficient ways to support the core needs of the organization. This has resulted in new responsibilities for the corporate treasurer and cash manager. The cash management function is demanding
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assertions and audit objectives - Define management assertions and the related audit objectives - Describe management assertions related to class of transactions‚ balances and presentation and disclosures - List out and describe general transaction related audit objectives‚ balance related audit objectives and presentation and disclosure audit objectives - Understand specific audit objectives and how they are linked to general audit objectives and management assertions Topic 4 – Audit evidence
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loan and the interest burden have gone up consequently (University of Phoenix‚ 2010). Team C is responsible for working capital management for the company and has come up with an alternate working capital solution and a plan to manage Lawrence ’s cash position in the forthcoming weeks. This paper will discuss the risk and contingencies associated with the alternate working capital solution. Performance measures will be discussed to show it will be used to evaluate and implement Team C recommendations
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