Loading presentation...

Present Remotely

Send the link below via email or IM


Present to your audience

Start remote presentation

  • Invited audience members will follow you as you navigate and present
  • People invited to a presentation do not need a Prezi account
  • This link expires 10 minutes after you close the presentation
  • A maximum of 30 users can follow your presentation
  • Learn more about this feature in our knowledge base article

Do you really want to delete this prezi?

Neither you, nor the coeditors you shared it with will be able to recover it again.


A Study of the Internal Control of Selected 7-Eleven Conveni

No description

Normielyn Villegas

on 9 March 2014

Comments (0)

Please log in to add your comment.

Report abuse

Transcript of A Study of the Internal Control of Selected 7-Eleven Conveni

1. To determine the current internal control of 7-Eleven Convenience Stores.
2. To determine the effects of internal controls in business process.
3. To evaluate the effectiveness of 7-Eleven Convenience Stores in the implementation of its internal control in terms of:
3.1 Inventory Management
3.2 Cash Registry
3.3 Security on goods
3.4 Store administration and management of the premises
4. To provide recommendations for the improvement of its operations.
The research will help mini-stop convenience store owners look critically at their business and examine whether they adequately minimize risks and promote best practice within the firm. Because in the end, having a good internal control could help the establishment manage resources and make sure operations are efficient and effective.

Statement of the Problem
Theoretical Framework
A Study of the Internal Control of Selected
7-Eleven Convenience Stores In Cebu City

Conceptual Framework
Findings Matrix
Review of Related Literature
Summary of Findings
Inventory Management Control:
• Missing price tags on other products and unregistered items
• Stocks were not replenished.
• FIFO method was not followed on products with early expiration date.

Cash Registry Control:
• Default amount of cash isn’t prepared by supervisors.
• Don’t accept credit transactions.

Security on Goods Control:
• Absence of security guards in between time intervals.
• Disadvantageous arrangement of products and shelves.

Store Administration and Management of the Premises Control:
• Fire safety equipment is inaccessible.
• Employees lack the skill to prevent ineffective internal control.
Inventory Management Control:
• Prices should be updated to avoid confusion to customers.
• Delivery must be based on the demand of the customers.
• Damaged items should be removed to avoid diminishing of customer satisfaction.

Cash Registry Control:
• Have a manual record of cash balance before and after the shift to avoid misleading amount of cash
• Prioritization of identification codes to avoid overstatement and understatement of cash registry transactions.
• Receipt should always be given to ensure customer trust and loyalty.

Security on Goods Control:
• Security guards should attend a seminar on safeguarding of assets.
• Security guards should always be the one to open the door for the customer to improve customer-employee relationship.

Store Administration and Management of the Premises Control:
• Safety equipment should be available near the machines that are prone to accidents.
• Affixation of signature on receiving documents between shifts.
• Employees should be briefed by top level management on ways to render service to customers.
Full transcript