Invoice

COSTCO’s Internal Audit To: Management From: Audit Committee Date: December 6, 2015 Subject: Internal Audit The purpose of the internal audit is to protect Costco's assets through evaluating the acceptability and efficiency of internal controls; recognizing areas of possible risk, revenue improvement and/or cost reductions; and making sure transactions are authorized, completed, and logged as proposed. Costco normally knows sales, net of probable returns and at the period the member takes…

of Fadal Machining Centers, LLC v. Compumachine, Inc. is an example of confusions that had came with the law. In this case Fadal Machining Centers sued Compumachine over an unpaid invoice. FDC claimed that the terms and conditions of the invoices was indicated on their website. The courts ruled that FDC’s invoice demands were clearly stated in the term and conditions on the website. The court’s ruling ensured that term and conditions that have been agreed to over the internet are viable and…

the risk in the goods passes with delivery as explained above, when Floidex gets the goods on board of the ship in Liverpool. For this consignment, the only commercial document that will be available to Floidex will be the commercial invoice. The commercial invoice lists and described the goods as the parties contracted. The bill of lading is only given by the carrier of the goods if the consignment were successfully loaded on board. On the incident of consignment 2, Floidex is not entitled to…

In this case the White lumber company will add a clause in its invoice stating that the plank sold by the company cannot be used as scaffold plank as it is not strong enough. And also, if any accident happens because of not following the terms of the product then the White lumber company will not be liable to it. This…

cutting cost. Cutting costs is a challenge due to the climbing rate of employee health insurance, maintenance costs, and utilities. There had been an 8% increase in the health insurance premium. Another financial issue she faces is the amount of unpaid invoices…

Magento Extensions Magento, which is used by approximately 250,000 merchants around the world has about 9,700+ paid & free Magento extensions available in the market. Finding the right one has always been a problem for CxO’s. Ironically right from setting up your website till the last step of actually selling products on your ecommerce store, there are couple of Magento extensions to help you go through the lifecycle of selling products. So, what are the things which you should consider before…

Other forms of technology could improve or enhance the business as follows:- Courier Service The training we offer includes First Aid training and we are currently in the early days of setting up a ‘Shop’ which will give clients the option of buying various items of equipment including First Aid kits. These come in many variations in order to suit the needs of the client and their workplace. These orders will then need to be sent to the client. This has led to discussions of possibly using a…

Week 6: Fraud Case Study Group Project Vanessa Ryan, Juan Caba, Rustin Prentice, Howard Miranda Champlain College Forensic Accounting ACCT-280-45 Nicole Bocra August 14, 2016  On July 31, 2015, Howard Miranda, CFO of Microstuff Inc., contacted the internal auditor Vanessa Ryan in reference to a suspected purchase and receiving scheme within the information technology department. Based on this initial accusation, an examination was conducted—which included reviews of relevant accounting,…

twenty-years. The City of Dixon had a small team that operated with weak internal controls and no segregation of duties, which gave Crundwell complete control over the city’s finances. Therefore, she was able to open her bogus account and create fictitious invoices to embezzle funds. In addition, she collected the city’s mail to conceal her fraud from others. Crundwell was a trustworthy employee who always made herself available when away. Crundwell’s actions were justified in two ways: (1) she…

will be able to see the business which is personally one of the best methods for marketing. In my ICT course, I have created an automatic invoice system which lists the customer’s billing details so it will be sent through an email or by post. This system uses VLOOKUP and Macros to automatically calculate the costs of the product and service and can print the invoice. This system could be included in a website so that customers online will be able to do a B2C transaction and can send the…