This essay focuses on misuse of funds in university of South Florida.how it would have been better off spent on other stuff like student services or to hire more staff  or fix the parking problem  -write it in a memo form.

misuse of funds in university of South Florida

-write how the misuse of funds in university of South Florida affected students and staff and how it would have been better off spent on other stuff like student services or to hire more staff  or fix the parking problem  -write it in a memo form

Theft takes many forms. Individuals can steal one another’s heart. They can steal possessions, such as cars. Identity theft is a growing problem. Trivial matters can steal time. Although many individuals don’t regard misusing company assets as theft, it is a form of stealing.

There are dozens of ways of misappropriating business funds, from taking company supplies for personal use to falsifying expense reports or hours worked to skimming cash. While these may seem like minor infractions for relatively small amounts, they can add up over time.

The biggest losses, however, are often due to those in upper management positions misusing company funds. When managers take business assets for personal use, the atmosphere of dishonesty their action creates makes it easy for employees to follow suit. Whether someone is taking lunch money out of the petty cash drawer or funneling company funds into a personal account, the size and frequency of the misappropriated amounts tend to increase until the theft is detected.

The City of Portland recognizes misuse or misappropriation of business funds. As a big enough problem for local companies that the Police Bureau has compiled information on prevention and detection.

The loss of cash can destroy a small business.