Analyst Questions

Internal control, as defined in accounting and auditing, is a process for assuring achievement of an organization's objectives in operational effectiveness and efficiency, reliable financial reporting, and compliance with laws, regulations and policies. A broad concept, internal control involves everything that controls risks to an organization.

Internal control is all of the policies and procedures management uses to achieve the following goals.

• Safeguard University assets - well designed internal controls protect assets from accidental loss or loss from fraud.

• Ensure the reliability and integrity of financial information - Internal controls ensure that management has accurate, timely and complete information, including accounting records, in order to plan, monitor and report business operations.

• Ensure compliance - Internal controls help to ensure the University is in compliance with the many federal, state and local laws and regulations affecting the operations of our business.

• Promote efficient and effective operations - Internal controls provide an environment in which managers and staff can maximize the efficiency and effectiveness of their operations.

• Accomplishment of goals and objectives - Internal controls system provide a mechanism for management to monitor the achievement of operational goals and objectives.

Hence, Internal controls are concerned with safeguarding assets.

Using BODMAS Rule,

First solve division, mutiplication and Addition

So here 10/2 = 5

Then 2 x 5 =  10

Now, 5 + 10 = 15.

Hence, 5 + 2 x 10/2 = 15.

The black flag signifies a protest.

A group of emus is called as a mob. Emus is a kind of bird which is next to ostrich in its size.

The floridian starch is reserve food materials in the red algae or the members of class Rhodophytae. It is a characteristic feature of this group.

Das Kapital, one of the major works of the 19th-century. Economist and philosopher Karl Marx (1818–83), wrote, in which he expounded his theory of the capitalist system, its dynamism, and its tendencies toward self-destruction.

An industry with fast economic growth from the starting days itself which has future importance. Industries like petrochemical industry, hydrogen fuel production, food processing industry, space tourism, and online encyclopedias.