• Join over 1.2 million students every month
  • Accelerate your learning by 29%
  • Unlimited access from just £6.99 per month

Describe of the main measurement that Sunny Daze can take to prevent fraud.

Extracts from this document...

Introduction

Unit 3 Task 4 Describe of the main measurement that Sunny Daze can take to prevent fraud. (p4) * Shoplifting is stealing goods e.g. such as taking a pen or bag without paying for it. * Stealing money is a person taking money from a another without asking * Sweetheart deals giving an illegal discount and no charge at all for goods or services the reason for this is that they are friends. * Card frauds is stealing and using another person's credit or debit card. Chip and pin card include reduced these types of fraud because the holder of a stolen card will not know the pin anymore and there is minus opportunity on behalf of skimming now that owners do not have to part with their card during a transaction. ...read more.

Middle

* Embezzlement makes use of money that lawfully belongs to someone else. The way to cover up their tracks, somebody who is embezzling their employer may fake a business accounts. How Can Sunny Daze Prevent Fraud? * To prevent fraud you can use policy (rules) on dealing with fraud. * Selection/ recruitment procedure only employ honest staff. Induction training- * Is when a new member of staff is trained for two weeks. * The training helps the new employee understand the rules and regulations of the business. * If the new employee does not understand the rules and regulations of the business, the induction training will be repeated * Induction training sets out clear rules of what the ...read more.

Conclusion

* The till will record how much money should be in it. * The manager should count the money if the till at the matches the amount of money the till has recorded. * Check quantities of stock with the amount recorded. * Stock- items being sold every business should record. What stocks has been used. Stocks check should be carried out to make sure that no stocks have gone missing! How can Sunny Daze record financial transaction. A journal or planner is the best way it helps Pat record each business transaction shown on Sunny Daze supporting documents. Pat may have to keep separate journals for transactions that happen regularly or even bookkeeping software provides one of the right ways to keep Pat's business financial records in organized way. ?? ?? ?? ?? Siham Fadhil ...read more.

The above preview is unformatted text

This student written piece of work is one of many that can be found in our GCSE People in Business section.

Found what you're looking for?

  • Start learning 29% faster today
  • 150,000+ documents available
  • Just £6.99 a month

Not the one? Search for your essay title...
  • Join over 1.2 million students every month
  • Accelerate your learning by 29%
  • Unlimited access from just £6.99 per month

See related essaysSee related essays

Related GCSE People in Business essays

  1. English for business

    Stock on hand - stocuri nev´┐Żndute Supply - oferta Terms of supply - conditiile livrarii To dabble in the stocks - a juca la bursa To take stocks - a cumpara actiuni Uncertain market - piata nesigura Underwriter - garant Venture capital - capital de risc Yield - venit al unei investitii Travelling Accommodation - gazduire.

  2. Business Studies

    translation of surveys - Global branding > More effective and efficient to promote brands than products - Standardisation and differentiation > Products will have to differentiate different aspects to suit different cultures and markets > Four p's must be appropriate for the new market Marketing strategies: Product > Features will

  1. How can Nandos increase its Productivity?

    A main problem with ROCE is that you cannot see how productive an individual worker or individual machine is, it shows sales compared to money being spent. It does not show sales compared to individual worker input. Special offers are a controversial way of measuring productivity as some people may

  2. Grievance and Discipline procedure- relate to Alton towers

    And this is beneficial because they are likely to make the right decision as they concentrate on resolving the issue fairly. The disadvantage of this is that ACAS is an external organisation and so others may be aware of the grievance and this will tarnish Alton Towers? reputation and thus

  • Over 160,000 pieces
    of student written work
  • Annotated by
    experienced teachers
  • Ideas and feedback to
    improve your own work