...APICS CERTIFIED IN PRODUCTION AND INVENTORY MANAGEMENT (CPIM) Procedures for taking paper-and-pencil exams outside North America. THE APICS CPIM PROGRAM The APICS CPIM program is recognized worldwide as the standard of professional competence in production and inventory control. The APICS certification shows a commitment to the profession that leads to a sense of accomplishment, demonstrates value to the employer, enhances earning potential, and provides a path to career advancement. The APICS CPIM program is divided into five process-oriented topic areas to provide participants with the best possible educational assessment and knowledge base. More than 95,000 professionals have earned the APICS CPIM, and nearly 3,000 have advanced to the APICS Certified Fellow in Production and Inventory Management (CFPIM) designation. After earning an APICS CPIM designation, you can begin the process toward the CFPIM. The distinguishing characteristic of a CFPIM is the willingness to share acquired knowledge with others through presenting, publishing, teaching, and participating in professional development activities. Certification maintenance To promote professional growth and lifelong learning, APICS CPIM and APICS CFPIM designees must complete the certification maintenance program every five years. Visit apics.org/certification for more information about the program. Questions? Contact certification@apics.org. Note: Change starting in 2013 All APICS CPIM exams will be valid for...
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...as liability so doesn't affect certain ratio; company also gets capital --- 4. Common Shares - Initial Public Offering (IPO): the first time a stock is offered to the public Seasoned New Issue: subsequent sales of new stock to the public Employees Stock Options: ability for employees to purchases stock at a predetermined, fixed price Treasury Stock: repurchases of common stock by the company ISSUED SHARES + UNISSUED SHARES - ISSUED SHARES = Outstanding shares (owned by stockholders) + Treasury shares (have been required by corporation) * Can be calculated as : Balance in Common Stock / par value of Common Stock - Transactions: Record initial sale of stock (IPO) - Dr. Cash(+A), Cr. Common stock(+SE) & APIC(+SE) 5. Treasury Stock (XE) - Repurchase of Stock - A corporation...
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...University of Phoenix Material Definitions Define the following terms using your text or other resources. Cite all resources consistent with APA guidelines. |Term |Definition |Resource you used | |Time value of money |“A dollar received today is worth more than a|Titman, S. Keown, A. J. & . Martin ,J. D. (n.d.). | | |dollar received in the future. Conversely, |Financial Management. Principles and Applications: | | |a dollar received in the future is worth less|Chapter 1: Getting Started: Principles of Finance: 1.4. | | |than a dollar received today. Perhaps the |The Five Basic Principles of Finance. 12th,. ed. | | |most fundamental principle of finance is that|Copyrighted by Pearson Education. (2014). Retrieved from| | |money has a time value. A dollar received |https://newclassroom3.phoenix.edu/Classroom/#/contextid/| | |today is more valuable than a dollar received|OSIRIS:48546409/context/co/view/activityDetails/activity| | |one year from now. That is, we can invest the|/3195cb75-8a75-4bd9-a1c3-0092ba334301/expanded/False | | ...
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...$ - $ - Production $ 107,730 $ 107,730 $ 107,730 Less: Ending inventory $ 15,390 $ 25,650 $ - Cost of goods sold $ 92,340 $ 82,080 $ 107,730 Gross margin $ 429,660 $ 380,320 $ 506,370 Less: Other expenses $ 183,000 $ 183,000 $ 183,000 Net Income $ 246,660 $ 197,320 $ 323,370 GRENNELL FARM Balance Sheets As of December 31, 2009 Current Assets Cash $ 30,900 $ 30,900 $ 30,900 Accounts receivable $ 59,600 $ - $ 151,700 Inventory $ 15,390 $ 25,650 $ - Noncurrent Assets Land $ 375,000 $ 375,000 $ 375,000 Buildings and machinery (net) $ 112,500 $ 112,500 $ 112,500 Total assets $ 593,390 $ 544,050 $ 670,100 Liabilities (current) $ 33,000 $ 33,000 $ 33,000 Owners’ equity8 Common stock and APIC $ 457,500 $ 457,500 $ 457,500 Retained earnings(Balancing Figure) $ 102,890 $ 53,550 $ 179,600 Total owners’ equity $ 560,390 $ 511,050 $ 637,100 Total liabilities and owners’ equity $ 593,390 $ 544,050 $ 670,100 Sales(Delivery) Method GRENNELL FARM Income Statement For the Year Ended December 31, 2009 Sales(180,000*2.90) $ 522,000 Less: Cost of goods sold Beginning inventory $ - Production(210000*.513) $ 107,730 Less: Ending inventory(30000*.513) $ 15,390 Cost of goods sold $ 92,340 Gross margin $ 429,660 Less: Expenses Salaries and Wages $ 72,500 Insurance $ 4,500 Taxes $ 32,500 Depreciation $ 28,500 Other Expenses $ 45,000 Total Expenses $ 183,000 Net Income $ 246,660 GRENNELL FARM Balance...
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...CHAPTER 14 MULTIPLE CHOICE 14-1: a Purchase price (8,000 shares x P30) P240,000 Direct acquisition cost 4,000 Contingent consideration 5,000 Acquisition cost P249,000 14-2: a Purchase price P250,000 Direct acquisition cost 50,000 Acquisition cost P300,000 Less: Fair value of net assets acquired 180,000 Goodwill P120,000 14-3: c Purchase price (100,000 shares x P36) P3,600,000 Direct acquisition cost 100,000 Contingent consideration 20,000 Acquisition cost P3,720,000 14-4: b Purchase price (600,000 shares x P50) P30,000,000 Direct acquisition cost 300,000 Acquisition cost P30,300,000 Less: goodwill recorded 6,120,000 Fair value of net assets acquired P24,180,000 Capital stock issued (at par) P30,000,000 14-5: c Purchase price P2,550,000 Legal fees 25,000 Acquisition cost P2,575,000 Less: Fair value of net assets acquired Current assets P1,100,000 Plant assets 2,200,000 Liabilities ( 300,000) 3,000,000 Income from acquisition P( 425,000) 14-6: a (at fair value at date of acquisition) 14-7: d Abel net income, January to December (P80,000 + P1,320,000) P1,400,000 Cain net income, April to December 400,000 Total net income P1,800,000 14-8: a Acquisition cost P 800,000 Less:...
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...By Lloyd M. Clive, CFPIM Perception and Planning Strategies for taking the sting out of your forecast I volunteered as a Scout leader for a few years, and it always was interesting to work with the boys to plan an outing. We considered it good leadership for every boy to participate in the planning. Some of the information was determined easily, such as how long a trip would last or how many people were coming. Some things, however, needed a forecast. Was it likely to rain? What would we do if it did rain? The best plans had two essential ingredients: First, everyone worked to the same plan; second, all pertinent information was included in that plan. In the business world, there are many methods of forecasting product demand, and they must include all known information. Extrinsic forecasting methods involve factors such as economic conditions, market trends, competition, government regulations, or the sale of related goods. These techniques look for patterns or correlations linking product demand with these outside factors. Qualitative forecasting techniques most often are used for extrinsic forecasting. They are employed by senior managers and involve using good judgment, intuition, and informal opinions. Qualitative forecasting is necessary for products where no previous sales data exist. Intrinsic forecasting, on the other hand, uses data from previous sales, and the forecast is developed using that sales history. This quantitative forecasting is done by most members...
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...An APIC Guide 2008 Guide to the Elimination of Catheter-Associated Urinary Tract Infections (CAUTIs) Developing and Applying Facility-Based Prevention Interventions in Acute and Long-Term Care Settings About APIC APIC’s mission is to improve health and patient safety by reducing risks of infection and other adverse outcomes. The Association’s more than 12,000 members have primary responsibility for infection prevention, control and hospital epidemiology in healthcare settings around the globe. APIC’s members are nurses, epidemiologists, physicians, microbiologists, clinical pathologists, laboratory technologists and public health professionals. APIC advances its mission through education, research, consultation, collaboration, public policy, practice guidance and credentialing. Look for other topics in APIC’s Elimination Guide Series, including: • • • • Catheter-Related Bloodstream Infections Clostridium difficile Mediastinitis MRSA in Long-Term Care Copyright © 2008 by APIC All rights reserved. No part of this publication may be reproduced, stored in a retrieval system, or transmitted, in any form or by any means, electronic, mechanical, photocopying, recording, or otherwise, without prior written permission of the publisher. All inquires about this document or other APIC products and services may be addressed to: APIC Headquarters 1275 K Street, NW Suite 1000 Washington, DC 20005 Phone: 202.789.1890 Email: APICinfo@apic.org Web: www.apic.org ISBN: 1-933013-39-7 ...
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...Nursing Education Department Aseptic Technique Study Module for Nurses 1|8 Aseptic Technique Study Module Prepared By: AEA 1 January 2015 Nursing Education Department Index Page 1 page 2 Page 3 page 3 Page 4 Cover Page Index Definition Principles of Aseptic Technique Procedure Page 4 Clean Technique (Medical Asepsis) Page 5 Page 6 Page 6 Page 7 Page 8 Sterile Technique (Surgical Asepsis) Maintaining Asepsis Other Recommendations to Maintain Asepsis Recommendations for Health Care Workers regarding Hand and skin Preparation Reference 2|8 Aseptic Technique Study Module Prepared By: AEA 1 January 2015 Nursing Education Department Definition 1. Aseptic technique refers to practices designed to render and maintain objects and areas maximally free of microorganisms. This may consist of aid in the prevention of surgical site, urinary tract, bloodstream, and pneumonia infections that may be device or procedure related. Clean technique (medical asepsis) refers to practices that reduce the number of microorganisms or prevent/reduce transmission from one person (or place) to another. Sterile technique (surgical asepsis) refers to practices that provide the maximum reduction of skin microorganisms without damaging tissues. It involves the use of barrier techniques to decrease the transmission of microorganisms from personnel to patients. Both sterile and clean techniques are elements of this infection method, although both have distinct similarities and differences...
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...accounting principles” and “a change from an accounting principle that is not generally accepted to one that is generally accepted.” Per ASC 505-30-30-8, when a corporation’s stock is retired, or repurchased for constructive retirement, the corporation has two options of allocating the excess of repurchase price over par or stated value. This excess may be allocated between additional paid-in capital and retained earnings or charged entirely to retained earnings. Trojan began accounting for its share retirements by recognizing the excess of the purchase price over the par value of the retired shares as a reduction of additional paid-in capital. In March 20X2, they concluded that instead of accounting for it by reducing APIC, they would allocate it across both APIC and retained earnings. Since the first method Trojan used was not accepted per ASC 505-30-30-8, this transition would be treated as a correction of an error. In alignment with ASC 250-10-20, this change is the definition of an error: “a change from an accounting principle that is not generally accepted to one that is generally accepted”. Per IAS 32, “where an entity purchases its own equity shares, these shares should be presented as a deduction from equity. No gain or loss...
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...Awards | Given By: | Criteria: | Website: | Cape Challenge Award | C.A.P.E | The California Challenge Award is a self-assessment program to help private and public sector applicants begin their journey towards performance excellence. The Challenge Award consists of a 12 page application using the most current criteria of the CAPE Program at the category level. | http://www.calexcellence.org/ | The California Prospector Award | C.A.P.E | Created to help applicants advance their performance excellence initiative before committing to the complete California Awards for Performance Excellence™ application process. The Prospector Award™ consists of a 25 page application using the most current criteria of the CAPE™ Program at the category and item levels. | http://www.calexcellence.org | California Award for Performance Excellence | C.A.P.E. | top level award offered by CCE and adheres to the BNQP criteria. The Eureka Award offers seven categories: Large and Small Service; Education; Health Care; Non-Profit; Government; and, Military. | | Annual Food Quality Award | Food Quality Magazine | It honors the dedication and achievement of a North American Quality Assurance/Quality Control team that has made exceptional contributions to food safety and consumer satisfaction with a positive impact on business results. | http://www2.dupont.com/Qualicon | Akao Prize | Quality Function Deployment Institute | The Akao Prize is now awarded to individuals around the world who have...
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...000 | | | | Dr. | PPE | $ 7,000,000 | | | | Dr. | IPR&D | $ 15,000,000 | | | | Dr. | Trademark | $ 3,000,000 | | | | Dr. | Goodwill | $ 122,750,000 | | | | | | | Cr. | Cash | $40,000,000 | | | | Cr. | C/S | $70,000,000 | | | | Cr. | APIC | $ 5,000,000 | | | | Cr. | NCI | $ 33,750,000 | Here are the reasons that I suggest to make that general entry: Determine Consideration Transferred To acquire 80% of the outstanding common stock of Baked Beans Corp, the amount of consideration Allfoods Corp. transferred is: (in millions) (1) Cash 40 (2) Common Stock 70 (3) Contingient Consideration 20 (4) ------------------------------------------------- Cost of precobination option exchange 5 Total 135 (2) Common stock (C/S) is 2 million shares at $35/share. (3) Contingent consideration is recorded at fair value at acquisition-date. (ASC 805-30-Currently Viewing:805 Business Combinations25-5) In this case, the contingent consideration is classified as equity since it settled in shares. (ASC 815-40-25-4) The contingient consideration goes into additional paid in capital account (APIC) on the Allfoods’ balance sheet. (4) Exchange of share options in conjunction with a business combination is modification of share-based payment awards. The portion attributable to precombination service is part of the consideration transferred. (ASC 805-30-30) The underlying shares...
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...recognized standard for individual assessment in the field of production and inventory management. The certification is designed to validate the candidate’s in-depth knowledge of a variety of subjects specific to the field. APICS has ensured that CPIM exams are consistently reliable and that the highest professional standards are used in developing and administering the program. The program consists of five examinations and the candidate must pass all five examinations to earn the CPIM designation. The examinations that make up the program are: • Basics of Supply Chain Management (BSCM) • Master Planning of Resources (MPR) • Detailed Scheduling and Planning (DSP) • Execution and Control of Operations (ECO) • Strategic Management of Resources (SMR) A CPIM Exam Content Manual is published annually by APICS. It is a key resource for anyone preparing for the APICS certification examinations. The manual addresses all five of the examinations by documenting the scope of the module, the content outline, the key terms, and primary and secondary references. The CPIM Exam Content Manual can be ordered directly from APICS. Click here for APICS contact information. The APICS Web site is www.apics.org. APICS is located in Alexandria, Virginia, USA, and the telephone numbers are: 1.800.444.2743 and 1.703.354.8851. The fax number is 703.354.8106. Course Components This course gives you a chance to review key content points...
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...QUALIFICATION OF RAW MATERIAL SUPPLIERS USING METROLOGY AND MEASUREMENT PRINCIPLES Table of Contents Abstract Introduction Statement of the problem Hypothesis Instrument specifications, Procedure and Data Collection Discussion Conclusion Bibliography Abstract Maxi Quality Pharmaceuticals, Inc is a worldwide manufacturing company of Transdermal Delivery Systems (TDS). The Active Product Ingredient (API) adhered to a laminate foil and coated by a plastic film creates an advanced delivery technology (Figure 1). The active is contained in round or square patches, and the dosage is gradually released through the human skin by twenty four hours. Narrow specifications for laminated foil had been established in order to control the blending process and to guarantee the adhesion of active in the laminate. Due to the complexity of the TDS manufacturing process, there are just a few suppliers in the market constraining the availability of this raw material for Maxi Pharmaceutical, Inc. To ensure quality and product reliability the company had evaluated three different suppliers of laminated film. The application of the metrology and measurement principles on testing the thickness through Upright Gage Series 547 from Mitutoyo (Figure 2) ion for the main and ongoing supplier for this raw material. Introduction Qualification of Raw Materials (RM) suppliers is critical on a pharmaceutical process since product quality is straightly related to the specifications...
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...Shana Roberson 1 Rationel: My purpose of this speech is to inform my listeners how the lack of proper hand hygiene and the overuse of antibiotics in today's populations is creating a problem in healthcare settings such as infections, increasing mortality rates, longer hospital stays and increasing cost of healthcare. The audience that I would like to focus on for my speech would be healthcare workers in general that have direct contact with patients, due to the fact that they would be responsible for proper hand hygiene to prevent spread of infections and monitor the safety of their patients at all times. The goal of this speech is to bring awareness to the spread of clostridium difficile infections in healthcare settings, its effects on the patient's, and ways to prevent the spread of cdifficile among the healthcare workers with direct patient care that could prevent harm to patients. Shana Roberson 2 What would you think if I told you that according to the CDC, one gram of poop contained one million germs? The first reports of Clostridium difficile, also known as CDiff was originally founded in 1978 as the cause of antibiotic induced pseudomembranous colitis, and according to the CDC, is now the leading cause of antibioticassociated diarrhea in healthcare settings. Research shows th...
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...NINJA CPA REVIEW® NINJA Notes 2015 Financial Accounting & Reporting Table of Contents The N.I.N.J.A. Framework I. IFRS 8 II. Accounting Changes 19 III. Financial Reporting 20 IV. Bonds & Debt Restructure 38 V. Consolidations 47 VI. Deferred Taxes 50 VII. Derivatives, Hedging, & Translation 52 VIII. Fixed Assets 56 IX. Governmental Accounting 62 X. Personal Financial Statements, Segments, & Interim Reporting 73 XI. Partnership Accounting 76 XII. Inventory 79 XIII. Investments 85 XIV. Leases 87 XV. Current Assets & Liabilities 91 XVI. Not-For-Profit Accounting 93 XVII. Pensions 99 XVIII. Statement of Cash Flows 101 XIX. Stockholders’ Equity 103 2 The N.I.N.J.A. Framework NAIL THE CONCEPTS Watch your CPA Review videos first – before working any assigned homework questions. The CPA Review industry says to watch a section of CPA Review video and then work the accompanying MCQs. This perspective stems from the old-school approach to the paper and pencil exam where you had to sit in a live classroom and learn from an instructor on weekends. Today, there is a smarter way to study. You don’t have to go to a weekend live course. You can fire up the laptop on a Tuesday morning and knock out two hours of material before you even brush your teeth. If you work MCQs in week one over your week one topic, guess what? You will work them again in week 5 or 6 when you review because you will forget what you learned. If you watch a...
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