Please see attachments and read carefully. The first attachment says project part 2, it is what is due and also the second page shows what I have already started. There is another attachment that is the document I have been working on since unit 2, Unit 2 Project_Walburger. Please read, under project part 2, what is due and make the changes to the attachment called Unit 2 Project_Walburger

original work ONLY

Due now: Milestone #2: You will expand your research on your chosen company based on the topics covered thus far: payroll and collections/cash control. Your milestone update should only contain this week's topic. Please note, the Final Project is due in Unit 6. Milestone #2 should be 4-6 pages in length. Format: Must include these headers Title page Introduction: Discuss what aspect of the control system of your study company you will be addressing in the milestone. (e.g., overview of collections/cash handling and payroll at the company). Controls: Provide a summary of the basic operations of how controls are accomplished at the organization for collections/cash handling and payroll. Best Practices: Summarize the best practices for controls for the specific topic (e.g., collections/cash handling and payroll) and include any insight from external research of how effective or efficient these best practices might be. Strengths & Weaknesses: Detail the effectiveness and efficiency of your study company's control systems as compared to best practices identified above and note any weaknesses or incongruities. Assessment & Recommendations: Conclude with an assessment of your study company's overall internal control system and any recommendations you might have. Reference page Access the Final Project template formatted in APA. Directions for Submitting your Project Compose your Project in a Microsoft Word document and save it as UsernameAC553 ProjectUnit#.doc (Example: TAllenAC553 Project Unit 4.doc). Submit your file by selecting the Unit 4: Project Dropbox by the end of Unit 4 . What I already started: In preparation for the Final Project that will be the seminal project for evaluation, identify a company whose control practices you wish to study. It can be of any size, as long as you feel there is a functional control system to study. In this introductory component to the Final Project, you should be able to discuss general and specific aspects of the business operations of the company, provide a general overview of the industry in which it operates, and a brief qualitative and financial picture of the organization. Understanding business processes is essential to meeting your ultimate goal: providing an assessment of the control structures of the company. Introduction: Milestone #1 Identify a company whose control practices you wish to study. Provide (1) a brief qualitative description of the company and the industry in which it operates, and (2) a financial picture of the organization. For public companies, it can be yearend reports, for private companies this might be more difficult but any form of assessment of the financial position of the company will be useful. Format: Must include these headers 1. Title page 2. Company description 3. Financial overview 4. Conclusion 5. Reference page Milestone #1 should be 4-6 pages in length. Access the Final Project template formatted in APA. Remember to change the headers on the template (for this Milestone only). Directions for Submitting your Project Compose your Project in a Microsoft Word document and save it as UsernameAC553 ProjectUnit#.doc (Example: TAllenAC553 Project Unit 2.doc). Submit your file by selecting the Unit 2: Project Dropbox by the end of Unit 2 . Overview of Final Project: The Final Project will consist of multiple milestones, examining the internal control function of an organization of your choosing. You must support the analysis you present on the organization with data you collect on the company on how they perform internal control functions, concepts discussed in class, and your own independent research on internal controls. The Final Project and each milestone (except milestone #1) should follow the same basic format, and expand on the conclusions of the work done in previous milestones. The format should be as follows and must include the headers: Title page Introduction: (e.g., inventory management at the company). In the final paper, this will be milestone #1. Controls: Discuss what aspect of the control system of your study company you will be addressing in the milestone (in the final paper, this will include all the controls discussed in the course). Provide a summary of the basic operations of how controls are accomplished at the organization. Best Practices: Summarize the best practices for controls for the specific topic (e.g., inventory management) and include any insight from external research of how effective or efficient these best practices might be. Strengths & Weaknesses: Detail the effectiveness and efficiency of your study company's control systems as compared to best practices identified above and note any weaknesses or incongruities. Assessment & Recommendations: Conclude with an assessment of your study company's overall internal control system and any recommendations you might have. Reference page Access the Final Project template NOTE: When dealing with multiple internal controls in a given milestone, each control should be treated as a separate heading. For example: Controls: Inventory Management Best practices Cash Handling Best practices Each milestone should be 4-6 pages in length; the Final Project should be 10-13 pages, which will be due in Unit 6. Running head: The Ford Motor Company. Ford Motor Company Jeffery Walburger Class Name Date 1 Company description. Ford Motor Company is an American based multinational automobile company. Ford Motors was incorporated as a legal company in 1903, June 16th after being founded by Henry Ford. The company deals in automobiles and commercial vehicles under the brand \"Ford\" and luxury vehicles under the brand \"Lincoln.\" Ford Company is a publicly traded company listed in the New York Stock Exchange even though it is controlled by the Ford family. Ford owns and has stakes in many over manufacturers that include; 100% of Troller (SUV manufacturer), 100% FPV (a performance car manufacturer), 8% in Aston Martin, 49% in Jiangling, joint venture in Changan Ford and Ford Lio Ho, AutoAlliance Thailand, Ford Otosan and Ford Sollers. Ford is the second largest US based automaker after the General Motors Company. Ford produces an average of about 5.5 million vehicles and employs close to 213000 people and has approximately 90 plants worldwide. Ford Company manufactures personal cars, luxury cars, sports cars, SUVs, trucks, and buses. Ford Motor Company boasts of effective internal control, compliance measures and ethics. These measures are designed to prevent, detect, and curb fraud by risk assessment in all the departments of the company. Certain circumstances and risks are monitored and assessed regularly to ensure that the company's control practices remain effective and efficient. Financial Overview. Ford Motor Company being the 4th largest company in the world is a very profitable company and is at a very strong financial position. The company has seen an upward trend in the growth of its profits. The profit margin of the company has been on the rise, currently standing at 4.93 from the previous 4.89. The gross margin profit has also risen and is currently at 17.06 from 2 the previous 13.22 percent. This shows that the contribution margin of the company is very high and the company can easily meet its variable costs from its revenues. For investors, Ford Company pays its stockholders very well with a Return on Equity ratio of up to 25.73 and earnings per share of 1.86. Ford Motor Company has a strong position in the US auto market with a market share of 14.8% just second after General Motors Company. Ford Company also has many dealers (up to 7500) meaning that its sales revenue is very high. Ford Company also features in growing economies including China, hence capitalizing its financial performance. Conclusion Ford Company is a very strong company standing at 4th position worldwide and 2nd in its home country in automobile production. Ford Company's financial performance has been very impressive over the years, and it remains so up to date. The company has operations in various markets all over the world meaning it also maintains a good financial position in the world. Ford Company is very attractive to investors given that it maintains its touch in current technology and can adapt very well to the future technology aspects in the automobile industry. Ford Company's internal control measure is very strong. They can easily detect and take action against any case of fraud. The internal control measure is also very effective in preventing and eliminating any loopholes through which the employees can engage in fraudulent activities and transactions. 3 References SEC (2016). "2016 Annual Report" (PDF). USA: Ford Motor Company. February 11, 2016. The Ford Motor Company, Wikipedia. Retrieved from https://en.wikipedia.org/wiki/Ford_Motor_Company