FedEx and UPS argon the two largest shipping companies in the world. From the early forge of each fellowship, they have both had to face many obstacles. In today?s world, the biggest challenge each faces is each other. This intellect will examine elements of on the job(p)(a) capital for the most red-brick fiscal year, functions of intermediaries and financial regulatory bodies with the community, and the importance of witness programs and clean-cut internal entertain techniques to the selected organization. Working CapitalFedEx has a fundamental on the job(p) capital of $2,715,068.00 each day. This was figured out by subtracting the descend assets $6,464,000,000.00 from the total liabilities $5,473,000,000.00 then dividing by 365 to get the total occasional operative capital. UPS has a daily working capital of $7,282,191.00, this par from an annual working capital of $2,658,000,000.00. The following graphs, retrieved from UPS and FedEx?s websites, shows the worki ng capital in relation to assets and liabilities. Fed ExASSETSCurrent AssetsCash and cash equivalents$ 1,937Receivables, repulse allowances of $144 and $125 3,516Sp be parts, supplies and fuel, less allowances of $150 and $142 308Deferred income taxes 539Prepaid expenses and other 164Total genuine assets 6,464LIABILITIES AND STOCKHOLDERS INVESTMENTCurrent LiabilitiesCurrent portion of long-term debt$ 850Accrued salaries and employee benefits 1,325Accounts payable 1,908Accrued expenses 1,390Total current liabilities 5,473UPSControl ProgramsAll organizations use control activities or control procedures to ?provide reasonable assurance that the company?s established will be met and that financial reports are accurate? (Albrecht, Stice, Stice, Swain, 2005). Control activities may fall under five different categories, segregation of duties to improve efficiency through curio of activities, proper procedures for authori zation to reduce errors in transactions, doc! umentation and records, material control over assets and records, and independent checks on performance. UPS Control ProgramsThe joined Parcel Service believes they have accurate and effective methods of classical and recording their financial decisions. In the companies... If you want to get a full essay, order it on our website: OrderEssay.net
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