Here is the synopsis of our sample research paper on Internal Control: Purchase Orders. Have the paper e-mailed to you 24/7/365.
Essay / Research Paper Abstract
A 3 page paper discussing the use of purchase orders as an internal control and the value that the purchasing department can bring to organizations. The paper describes the purchasing function at Acme Manufacturing, identifies what the company strives to control through its use and concludes that the function is effective. Bibliography lists 2 sources.
Page Count:
3 pages (~225 words per page)
File: CC6_KSmgmtPurchOrd.rtf
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Unformatted sample text from the term paper:
Manufacturing, the internal control selected to examine is that of the requirement for purchase orders for any but the most minor of purchases made for the company. Individual departments
are responsible for maintaining their own budgets, and the purchase process begins with approval by the departmental manager that indicates s/he will authorize payment for the item being purchased.
This is the first step in a series required for authorized purchasing of goods for the business. It results in issuance of a
purchase order that will be used not only to originate the order with an outside vendor, but also to track internal progress. Acmes Purpose
It is the purpose of the company to maintain control over how individuals obligate the company to accept and pay for items to be used for business purposes.
Where items approved at the departmental level are specific in use and application, the purchasing department provides little more than an administrating role in the purchase. Approval at the
departmental level indicates that the item has been properly accounted for in the larger organizational budget and has been approved by any other entities that need to be involved.
The purchasing department has only to formally place the order for the item and issue the paperwork that will authorize payment when the item arrives.
Where items being purchased are not so specific, however, the purchasing department has a much more expanded role. If a department has approved the purchase - i.e.,
for payment and budgeting purposes - of three new sets of office furniture to accommodate new employees that will be added to the department, then it is purchasings responsibility to
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