Purpose of a control system

Related BrainMass Solutions

• Purpose of the position control and budgeting

  Purpose of Position Control The purpose of the Position Control System is to assure that the decisions made are consistent with approved budgets.

• What is the purpose of inventory control? Why is inventory a

  If the inventory control system is lacking in any way, it costs the company money that would otherwise be allocated elsewhere if there were a stronger inventory control system in place. What is the purpose of inventory control?

• Define an internal control system and describe its purpose.

  University of Florida. Retrieved from http://oacr.ufl.edu/Internal_Control.htm This solution defines an internal control system and describes its purpose.

• Auditing Principles of Internal Control

  The purposes are stated above as part of the definition, but on a more practical level, the purpose is to have a system of checks and balances that works within a company on a consistent basis which is used by every person and every system to promote

• Primary purpose of an internal control system; 3 objectives

  264309 Primary purpose of an internal control system including three objectives 1. Summarize the primary purpose of an internal control system? 2. What are the three internal control objectives for financial reporting? 3.

• Compare and contrast types of operating controls.

  Control systems can vary widely from overall company controls down to the smallest control over the manufacturing of a part. To understand the details of a control system function, we look to the purpose of the system being controlled.

• What is the purpose of the Operational Control System (OCS)?

  What is the purpose of the Operational Control System (OCS)?

• Purposes of internal control system

  Control precision (the direct impact of a control procedure on the achievement of an objective or the minimization of a risk; assets are safeguarded and used for business purposes).

• Internal Control Systems

  What are the three internal control objectives for financial reporting? One purpose of an internal control system is providing reasonable assurance that an entity complies with "applicable laws and regulations."