Overspending College Essays Samples For Students

People spend money for apparently many reasons. We spend money to sustain our daily lives; we spend money for foods, rents and many other bills. Though we predominantly spend money for good reasons, some people in a bid to enlighten their lives extravagantly spend money. Considering that spending money copiously requires one to have a consistent flow of income, the aftermath in the long run has some effects (Charles et al. 45). Though one enjoys the benefits realized from spending money, the repercussion effects of the same are inevitable. Considering that people tend to spend more on the grounds of maintaining ...

Internal control practices are the activities that enable a company to maintain an environment that is solely focused on accountability and ethics. These are systems that are put in place to safeguard the resources of the business. By putting in place these practices department benefits in the following ways; one of the benefits is that the internal controls provide checks and balances on the usage of resources. They also ensure that the areas of priority in an organization are identified as well as addressed. Another benefit of putting in place internal controls is that it allows the company to prevent ...

Since Money Cares is an investment organization, the fiduciary responsibility lies with the organization. It has an ultimate obligation to safeguard investor’s money. Erratic and sporadic spending without proper regulation or monitoring will detrimentally affect the company’s financial status. The final effect may be that the company may become bankrupt and eventually shut down.
One potential risk facing Money Cares is the company risk which normally occurs when companies make bad or ineffective business decisions. The bad decision made by the company in this case is overspending and lack of monitoring which could have a serious effect ...