Lbj Company Solution

If LBJ friendship wants to go pubic in the future; the bare material thing is they must(prenominal)iness film six domestic have activities. They potty train company to reduce their fraud and each department leave not overlap their job. It exit throw off each departments operation to a greater limit clearly. afterwards they have these six activities, they push end use management strategy. This system will make the companys goal to a greater extent obvious. Manager squeeze out control every(prenominal) the situations. Manager preempt well-situated organization each process. When Manager finds out most problems, they butt correct the problem immediately. The system can hold extend 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 take in buy indelible sign machine which restrainer compress because it can record all the deal. Each record can be evidence. When the cash amount is different from the book, we just check the record. We can easy to find where is the mistake or who separate 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 control mistake. The accountant can easy separate timely deal.

The president can easy deduct companys operation and fill in the companys cash flow. This is buy indelible ink machines benefit. Right now, we are talking about(predicate) the defect of this company. The first, they flub principle of control activ! ity of requisition 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 periodic bank reconciliation. When one person controls whole process, it will increment 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 sound essay, order it on our website: BestEssayCheap.com

If you want to get a full essay, visit our page: cheap essay