Factoring

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    Mogel’s Incorporated had multiple issues that produced the opportunity for Stefan Winkler to commit the crimes that he carried out. The main issue was the amount of access to Mogel’s assets Winkler had. As a result of this access and know how, Winkler had all opportunities in the world to steal as much as he did. If Mogel Inc. would incorporate a few tactics to strengthen their internal controls they could prevent this type of fraud within their business. Stefan used multiple types of skimming in order to carry out his crimes. The majority include Skimming and lapping of Accounts receivable, which are a result from poor collection procedures and poor supervision from higher management. By applying the basics of Cressey’s study to analyze winkers case, the three parts of the fraud triangle can provide an outlook on the case. The Fraud triangle contains three factors that contribute are related with management and employee fraud. The first consist of situational pressure, which include personal or work related stressors. Stefan’s pressures included the recent loss of his home, and other financial downfalls. Leg two consists opportunity, involving direct access to assets. In this case Winkler had control over many cash assets, along with extensive know how to cover his tracks for the time being.(Hall, 2013) The last portion of the fraud triangle involves rationalization, or the ethic views of the perpetrator. (Hall, 2013)/(Wells, 2014) Clearly Stefan had a terrible conscience…

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    Use case diagram for the accounts receivable The diagram represents the activities performed during the maintenance of old and new accounts. It is through this process that new accounts are created, overdue ones identified, and others discarded. The process identified in the diagram also helps in identifying the amount of money that the company is set to receive from its customers from time to time (Ibrahim et al., 2011). This process is crucial since it ensures that the company does not run on…

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    Its organizational structure is unique because the majority of employees are brokers. In essence, brokers are their own bosses. Therefore the formal organization only has two main purposes: providing formal titles and dividing commission percentages. Besides these, Cresa’s organization structure is useless. The brokers manage themselves and all work together, forming a very flat organization. The operational side of the structure is slightly formal and vertical in regards to power and authority.…

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    For business owners who think factoring companies are a hindrance to profitability, it might pay to re-examine the situation because these days many trucking and transportation companies are using freight bill factoring as part of their regular business operations. New generation factoring companies are now helping fleets stay on the road by offering specialized products and services which meet the many demands of the freight transportation industry. Waiting 30 to 90 days to be paid by your…

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    The advantages of Medical A / R Factoring As being a doctor is definitely an very taxing and significant job, and something which will have a heavy toll on individuals who take part in it, physically, psychologically, emotionally as well as financially. Due to the disposable market nature from the healthcare system within the U . s . States, which means that healthcare providers aren't public sector personnel, and can recover the cash owed for services made in the patients using their…

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    Do I see myself factoring motivation 3.0 into my future career? I see myself using motivation 3.0 with everyday discussions. Daniel H. Pink author of Drive argues people with “Type I” behavior seem to have intrinsic motivation. “Type I behavior: Mastery- the desire to get better and better at something that matters” (p.109). That is exactly how I see myself always wanting to learn the most and get better at something to better my future. Especially as I get older and see myself growing I see…

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    Choose Freight Factoring With a number of regulations easing in the trucking industry, owners of freight and transportation companies are more concerned than ever with keeping positive cash flow and staying in the black – in order to capitalize on growth opportunities. On top of overhead costs including wages, benefits, as well as fleet maintenance and fuel needs, trucking owners need sound funding options to facilitate expansion and growth initiatives. If you’re wondering why so many freight…

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    This article was a very interesting read. This study examined the factors that undergraduate students took into consideration when selecting a graduate program. I will be making the same considerations as the students involved in this study, but maybe in a slightly different order of importance. Results from this study revealed six influencing factors, including characteristics of the academic environment of the program, financial aid, residence status, work related concerns, spousal…

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    Hitachi Case Study

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    Which will help in the smooth running of the business and it will also ensure that it is able to reach its full potential. they been financing recruitment agencies with great success for decades, providing essential recruitment factoring to support the day to day running of their business and with their new product Inspired Payroll one also gets the benefit of a ground breaking cloud based administration solution that will free up the time to concentrate on what do the best that is growing the…

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    information to investors and other users of financial reports and educate stockholders on how to most effectively understand and implement those standards. The topics that are added to the FASB technical agenda are from a consultation of the FASAC. This consultation includes concerns regarding major technical issues and the projects tat require special attention of the FASB. The FASB maintains and encourages public participation in the standards-setting process. They permit open studies of…

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