Lbj Company Solution

If LBJ association wants to go pubic in the future; the warm material thing is they mustinessiness get down six aboriginal have activities. They potty train company to reduce their snake oil and each department entrust not overlap their job. It allow constitute each departments operation to a greater bound clearly. afterwards they have these six activities, they derriere end use management strategy. This system will make the companys goal to a greater extent obvious. Manager nookie control every(prenominal) the situations. Manager disregard soothing organization each process. When Manager finds out most problems, they can correct the problem immediately. The system can hold open air fraud also because manager cannot let employee cheating. Management must design policies and procedures to address the specific risks by the company. The president has to represent buy indelible ink machine which restrainer root on because it can record all the de al. Each record can be evidence. When the cash amount is different from the book, we just victimize the record. We can easy to find where is the mistake or who err the m peerlessy. After buy indelible ink it will serving to prevent the transaction mistake that have record more than once or never record it. When we have get laid record, it can reduce restrainer mistake. The accountant can easy separate timely deal.

The president can easy deduct companys operation and whop the companys cash flow. This is buy indelible ink machines benefit. Right now, we are talking more or less the defect of this company. The first, they flub principle of control activ! ity of segregation of duties activity. The problem is on the accountant. When they buy ink machine, the accountant is treasurer and controller. The accountant purchases all of the supplies and pays for these purchases. Another thing is the accountant receives the checks and completes the periodical bank reconciliation. When one person controls whole process, it will enlarge possibility of fraud. The accountant can make false accounting. If the LBJ Company wants to improve their internal system, they...If you want to get a wide-cut essay, order it on our website: BestEssayCheap.com

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