please answer questions A,B,C using the case study. (please mind the word count) (please read...

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Accounting

please answer questions A,B,C using the case study. (please mind the word count)
(please read the scenario)
(case study)
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(scenario)
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3. The combined effect of microfiltration and ultraviolet light provide added assurance of product disinfection and safety. Process continually monitored by instrumentation and checked/monitored hourly. This will prevent of being damaging company image. 4. Bottling is conducted under very controlled conditions using state-of-the-art equipment. Each bottle is given a specific code that identifies the plant location and time produced. Process monitored and tested continuously. Filling room and environment are of high sanitary standards. Bottling equipment machines can only be operated under the supervision of competent engineers. 5. Packaging is conducted using the latest in modern equipment. Packaging materials not meeting internal standards are rejected. Bottles, caps and labels are carefully controlled and monitored by lot. Packed price will be considered as the selling price. 6. Line sanitation practices include advanced internal pipe and equipment cleaning methods. Sanitizers can be purchased by even junior executive's approval. 7. The plant has a fully staffed Quality Assurance Department and laboratory that maintain the plant Quality Control Processes. Water, packaging materials and plant processes are carefully monitored to ensure they meet company specifications and standards. Machine operator are paid based on time spent and not by bottles manufactured. Question 2 a) Define the term "Internal Control" (ICs) and explain how ICs are important to OWM LLC as a SME in the Sultanate (3). (Word count- 300+/10s ) Hint: Teaching Nexus must be referred. b) Explain the objectives of internal controls and discuss how could OWN LLC will enhance the operations by having strong internal controls. (3) (Word count- 300+/10% ) c) Identify and explain the following types of internal controls at OWN LLC.(4) (Word count 800+110% ) 1. Accounting controls 2. Detective controls 3. Mandatory controls 4. Application controls d) There are three hypotheses available in the teaching nexus. Select one hypothesis from your own choice and discuss the development of hypothesis and its effects on internal control. (5) (Word count- 500+/10% ) Hint: Teaching Nexus must be referred. OWM LLC in a null shell....! Established in 2005, Oday Water Mart (OWM) today is the largest bottled water company in the Sultanate of Oman. One of the nation's most preferred water brands, it is wholly owned by The Mohammed Groups - a diversified business group based in the Sultanate of Oman. With over 17 years of experience and a reputation for consistently delivering quality drinking water to thousands, OWM has swiftly established as the No. 1 water brand in Oman. As the market leader in Oman, OWM offer pure drinking water in a range of convenient packs through retail networks and delivery to homes \& offices operating with well-established branch locations throughout the country. With OWM's perfected multi-step process and state-of-the-art production line, it ensure the highest levels of purity and quality, offering premium products guaranteed to satisfy company customers every time. Assume that you have been appointed as the Financial Consultant at OWM LLC and it is considering a process of financial-policy streamlining in the internal operations for the year ended 30th June 2022, in terms of 'Current Account Operations' and 'Purchasing of spring water" Relevant Teaching Nexus: THE EFFECT OF INTERNAL CONTROL, INDIVIDUAL MORALITY AND ETHICAL VALUE ON ACCOUNTING FRAUD TENDENCY, Fernanda Fernandhytia \& Muslichah (2020). Available on: https:/www, researchgate net/publication/338515407 The Effect of Internal Control Individual Morality and Ethical Value on Accounting Fraud Tendency 3. The combined effect of microfiltration and ultraviolet light provide added assurance of product disinfection and safety. Process continually monitored by instrumentation and checked/monitored hourly. This will prevent of being damaging company image. 4. Bottling is conducted under very controlled conditions using state-of-the-art equipment. Each bottle is given a specific code that identifies the plant location and time produced. Process monitored and tested continuously. Filling room and environment are of high sanitary standards. Bottling equipment machines can only be operated under the supervision of competent engineers. 5. Packaging is conducted using the latest in modern equipment. Packaging materials not meeting internal standards are rejected. Bottles, caps and labels are carefully controlled and monitored by lot. Packed price will be considered as the selling price. 6. Line sanitation practices include advanced internal pipe and equipment cleaning methods. Sanitizers can be purchased by even junior executive's approval. 7. The plant has a fully staffed Quality Assurance Department and laboratory that maintain the plant Quality Control Processes. Water, packaging materials and plant processes are carefully monitored to ensure they meet company specifications and standards. Machine operator are paid based on time spent and not by bottles manufactured. Question 2 a) Define the term "Internal Control" (ICs) and explain how ICs are important to OWM LLC as a SME in the Sultanate (3). (Word count- 300+/10s ) Hint: Teaching Nexus must be referred. b) Explain the objectives of internal controls and discuss how could OWN LLC will enhance the operations by having strong internal controls. (3) (Word count- 300+/10% ) c) Identify and explain the following types of internal controls at OWN LLC.(4) (Word count 800+110% ) 1. Accounting controls 2. Detective controls 3. Mandatory controls 4. Application controls d) There are three hypotheses available in the teaching nexus. Select one hypothesis from your own choice and discuss the development of hypothesis and its effects on internal control. (5) (Word count- 500+/10% ) Hint: Teaching Nexus must be referred. OWM LLC in a null shell....! Established in 2005, Oday Water Mart (OWM) today is the largest bottled water company in the Sultanate of Oman. One of the nation's most preferred water brands, it is wholly owned by The Mohammed Groups - a diversified business group based in the Sultanate of Oman. With over 17 years of experience and a reputation for consistently delivering quality drinking water to thousands, OWM has swiftly established as the No. 1 water brand in Oman. As the market leader in Oman, OWM offer pure drinking water in a range of convenient packs through retail networks and delivery to homes \& offices operating with well-established branch locations throughout the country. With OWM's perfected multi-step process and state-of-the-art production line, it ensure the highest levels of purity and quality, offering premium products guaranteed to satisfy company customers every time. Assume that you have been appointed as the Financial Consultant at OWM LLC and it is considering a process of financial-policy streamlining in the internal operations for the year ended 30th June 2022, in terms of 'Current Account Operations' and 'Purchasing of spring water" Relevant Teaching Nexus: THE EFFECT OF INTERNAL CONTROL, INDIVIDUAL MORALITY AND ETHICAL VALUE ON ACCOUNTING FRAUD TENDENCY, Fernanda Fernandhytia \& Muslichah (2020). Available on: https:/www, researchgate net/publication/338515407 The Effect of Internal Control Individual Morality and Ethical Value on Accounting Fraud Tendency

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