...March 17, 2015 Period 5 (WTP) Wages in America Are Finally Growing http://money.cnn.com/2015/03/11/news/economy/salary-growth-raises-2015-duke Excerpt: About 70% of American chief financial officers expect to increase wages for their employees in 2015, according to a survey from Duke University and CFO Magazine. It's another sign that the economy is heading in the right direction and that its slow poke, wage growth, may finally gain steam. But here's what's really important: These executives see wages growing by 3% at their companies this year -- much higher than the 2% wage growth America saw in February. And yes, that's a big difference. The general rule of thumb is that wages in a healthy economy should grow about 3.5% a year. Typically, the costs of stuff people buy like food, entertainment and transportation also go up in price every year by about 2%, so workers need raises that are higher than that in order to truly be better off. Analysis: Wages in America rise for a few key reasons: strong job market, competitive recruitment and “stellar company performance” (Gillespie). Americans struggle in our competitive market environment mainly because of sluggish wage growth. This weak growth is ironic because the stock market has risen exponentially since the Great Depression, despite worker pay remaining stagnant. A seldom-viewed reason affecting slow wage growth is unemployment. Although it’s considered a temporary issue, it lets employers get away...
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...Clinical Information Technology versus Financial Information Technology, and the definitions of health care information, and health care acronyms and remittance terms Jesse Davis Jr. University of Phoenix MBA 533/ Health Information Systems December, 2014 Professor Aimee Kirkendol Health information related acronyms, their translation, and elucidation The field of healthcare is primarily concerned with the care of people requiring preventive and medical care. However healthcare is a business. The business of health care generates trillions of dollars for the national and international health care communities. Health care as a right in the United States precludes the fact that capitalism rules every aspect of citizen life, especially health care. The factors primarily affecting health care include new technologies. The medical technology industry is a 150 to 200 billion industry. Prescription drugs, government regulation, malpractice liability and the aging of the largest generation birthed in the U.S., the Baby Boomers (78 million). Every day in the U.S., 10,000 Baby Boomers reach age 60, putting greater demands on medical services. Chronic diseases, many preventable (diabetes, cancers of the lung and cardio vascular disorders) also contribute...
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...ACCT 2015 INTERMEDIATE FNANCIAL ACCOUNTING 11 Current Liabilities, Contingencies & Provisions Required Reading: Alfredson – Chap 5, Keiso – Chaps 13, IAS 37 Learning Objectives 1. CURRENT LIABILITIES: – Define and explain types of current liabilities. – Account for the major types 2. IAS 37 PROVISIONS & CONTINGENCIES – Define Provisions and answer the following questions: • • • Why do them When to provide How much to provide – Calculate and account for Restructuring Provisions – Define Contingent Assets & Liabilities and apply relevant measurement and recognition rules – Apply IAS 37 Disclosure Requirements CURRENT LIABILITIES LIABILITY – Claims against the business arising out of a past transaction that will cause an outflow of resources e.g. loans, notes payable • Long-Term Liability - Obligations that a company does not reasonably expect to liquidate within the normal operating cycle Current Liability - Obligations that a company reasonably expects to liquidate either through the use of current assets or the creation of other current liabilities. • 1 CURRENT LIABILITIES E13-2 (Accounts and Notes Payable) The following are selected 2007 transactions of Sean Astin Corporation. Sept. 1 - Purchased inventory from Encino Company on account for $50,000. Astin records purchases gross and uses a periodic inventory system. Oct. 1 - Issued a $50,000, 12-month, 8% note to Encino in payment of account. Oct. 1 - Borrowed $50,000 from the Shore Bank by signing...
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...Commercial Studies of Sfax (IHEC), University of Sfax, Tunisia. A B S T R A C T This paper empirically tests whether the low contemporaneous returns-earnings association set by previous empirical researches may be explained by lack of timeliness of accounting numbers. It hypothesises that if the criteria for accounting recognition yield a multi-period lag in earnings recognitions of economic events and if these events affect an informed market immediately when they occur, then future periods’ earnings would have explanatory for current returns as well as current earnings. To assess the significance of future earnings as an explanatory variable for stock returns we regress at first step annual returns on current earnings and at second step, annual returns on current earnings and successively next period and next two periods’ earnings. Results show that future earnings continue to explain current returns. The evidence is characteristic of a substantial recognition lag in earnings that extends to the immediate next period. However, over one year, earnings do not seem reflecting any relevant economic event impounded in security prices at previous period. The earnings recognition lag seems to decrease after one year. Keywords: Value-relevance, Accounting earnings, Lack of timeliness. INTRODUCTION Accounting recognition is “the process of formally recording or incorporating an item in the accounts and financial statements of an entity” (FASB 1980, SFAC N°. 3 par. 83)1. Most accounting standards...
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...level activities. To have a blended output from the utilization of time and labor both, people have become priority concerned regarding the main task. The recent growth of ‘Events Management’ as an industry around the world means that the management can no longer be ad hoc. Event management involves studying the intricacies of the brand, identifying the target audience, devising the event concept, planning the logistics and coordinating the technical aspects before actually launching the events. For meeting up the requirement of time, the event management industry has fanned out its wings in Bangladesh quite a bit. The main purpose of ‘Event Management Firm’ is to serve the individual or commercial needs in the term of venue selection, transportation, catering, lighting, sound system, branding, sending invitations and welcoming the guests with proper and warm gesture including other required arrangement of decorations, hosting and the security.as well. In short “Event management is the planning and management of an event, project or activity.” Event Management 15yrs ago, this phrase would have meant almost nothing in the Bangladeshi corporate world. Today, it conjures up the image of celebrities packaged with glamour and pomp in a gala event that is meticulously planned and slickly turned out. Event management in Bangladesh, which was born...
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...orainternals.com ©OraInternals Riyaj Shamsudeen 2 Golden rules of RAC diagnostics 1. Beware of top event tunnel vision. 2. Eliminate infrastructure as an issue. 3. Identify problem instance(s). 4. Review Send side metrics, and not just Receive side metrics. 5. Use histograms to identify any abnormalities, and not just averages. ©OraInternals Riyaj Shamsudeen Top event tunnel vision n In RAC, the root cause can be hidden in other node and might not show up in the Top-5 wait events. Impact of side effect events can be much, much worse then actual root cause event itself. Performance of the instances are intertwined. Performance of background processes in one node, can affect the application performance in the all other nodes. n n n ©OraInternals Riyaj Shamsudeen Top event tunnel vision ..2 Example 1 ©OraInternals Riyaj Shamsudeen 5 Top event tunnel vision ..3 Example 2 ©OraInternals Riyaj Shamsudeen 6 Top event tunnel vision ..4 Example 3 ©OraInternals Riyaj Shamsudeen 7 Problem node Example 3 (continued) ©OraInternals Riyaj Shamsudeen 8 gc buffer busy A BL request for file #5, block #8 is pending. gc buffer busy acquire FG2 gc current request charge time to ‘gc current block 2-way’ Wire FG1 Open request File #5, blk #8 Flush request Post LGWR gc buffer busy release FG3 ©OraInternals Riyaj Shamsudeen Inst 2 LMS...
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...standards in accounting and business education require documentation of outcomes assessment. Although schools, departments, and faculty may approach assessment and its documentation differently, one approach is to provide specific questions on exams that become the basis for assessment. To aid faculty in this endeavor, we have labeled each question, exercise, and problem in Intermediate Accounting, 7e with the following AACSB learning skills: |Questions |AACSB Tags |Exercises (cont.) |AACSB Tags | |3–1 |Reflective thinking |3–3 |Reflective thinking | |3–2 |Reflective thinking |3–4 |Analytic | |3–3 |Reflective thinking |3–5 |Analytic | |3–4 |Reflective thinking |3–6 |Analytic | |3–5 |Reflective thinking |3–7 |Analytic | |3–6 |Reflective thinking |3–8 |Analytic | ...
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...* * Carron Dube 11 Multicultural Portfolio Multicultural Education in a Pluralistic Society Objective | EVIDENCE | EVIDENCE FOUND ON PAGE(S) # | The importance of diversity in teaching and learning | * Enables ability to relate and understand other people from diverse cultures e.g. sexual orientation, ability, race ,social class, religion * Understanding other people and accepting that treating everyone the same is not really a good thing | 3, 4,5,8 | How to develop and teach lessons that incorporate diversity | * Understanding/adapting to other cultures and values in order to incorporate every child’s need. | 9,10,11 | How to develop a classroom and school climate that values diversity | * Ability to show other students that being different is not bad. * Standing against gender inequality and racism | 11,12,13,63,67 | How different teaching and learning styles are shaped by cultural influences | * | 49,50 | Dispositions that value fairness and learning by all students | * Understanding student’s background, culture, gender, sexual orientation * Not using social class status to treat them differently or for some to have an advantage over other students. | 30,31,57, 86 | Competency Name | EVIDENCE | | Open Attitude * Receptive to cross cultural learning * Maintains an open and productive attitude * Avoids quick judgments * Tolerates ambiguity and complexity in cross-cultural situations...
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...reports events occurring during a period of time, the balance sheet is a statement that presents an organized array of assets, liabilities, and shareholders’ equity at a point in time. It is a freeze frame or snapshot picture of financial position at the end of a particular day marking the end of an accounting period. Question 3-2 The balance sheet does not portray the market value of the entity (number of common stock shares outstanding multiplied by price per share) for a number of reasons. Most assets are not reported at fair value, but instead are measured according to historical cost. Also, there are certain resources, such as trained employees, an experienced management team, and a good reputation, that are not recorded as assets at all. Therefore, the assets of a company minus its liabilities, as shown in the balance sheet, will not be representative of the company’s market value. Question 3-3 Current assets include cash and other assets that are reasonably expected to be converted to cash or consumed during one year, or within the normal operating cycle of the business if the operating cycle is longer than one year. The typical asset categories classified as current assets include: — Cash and cash equivalents — Short-term investments — Accounts receivable — Inventories — Prepaid expenses Question 3-4 Current liabilities are those obligations that are expected to be satisfied through the use of current assets...
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...shares of stock outstanding. 19. The change in equity of an entity during a period from transactions and other events from non-owner sources is known as comprehensive income. 20. The basic accounting equation may be expressed as assets = liabilities – owners’ equity. 21. 22. count. 23. uity. Debit means increase. A contra account is an account that is subtracted from a related acRevenues increase owners’ equity and expenses decrease owners’ eq- Income Determination True-False 1. To measure earnings under accrual accounting, revenues are recognized when they are received. 2. Revenues are earned when the seller substantially completes performance required by an agreement. 3. The matching principle requires that expenses be recognized in the same period in which the revenues are recognized that were produced by the expenses. 4. Recognition of revenue under the cash basis occurs when the revenue is received. 5. Under the cash basis, expenses are recognized when the costs expire or assets are used. 6. Cash-basis accounting provides the most useful measure of future operating performance. 7. Accrual accounting recognition rules for revenues and expenses are designed to alleviate mismatching problems that exist under cash basis accounting. 8. According to generally accepted accounting principles, revenue should be recognized at the earliest time that the “critical event” has taken place and the proceeds are collected. 9. A ship building company is likely to recognize revenue at the...
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...Concourse | Negotiations https://webster.campusconcourse.com/view_syllabus?course_id=12777 W EBSTER UNIVERSITY • JOINT BASE ANACOSTIA-BOLLING • GEORGE HERBERT W ALKER SCHOOL OF BUSINESS & TECHNOLOGY • MANAGEMENT NEGOTIATIONS PROC-5840 3 Credits 01/07/2013 to 03/09/2013 Section 34 S1 2013 Modified 12/05/2012 MEETING TIMES Saturdays - 8:00am-12:00pm CONTACT INFORMATION Monica Y. Watts, MBA Email: monicawatts98@webster.edu Phone: 202-344-2938 Fax: 202-344-1254 Preferred contact method: Email DESCRIPTION The course involves scope, strategies, and objectives related to negotiated acquisitions. The preparation, conduct, and documentation of the negotiation process are included. Requisites None OBJECTIVES The following is a list of the basic learning outcomes for the course: Identify the strategies, tactics, and skills needed to successfully negotiate an agreement/contract in industry or the federal government. Compare and contrast negotiation process in industry and the federal government. Acquire a working knowledge of the negotiation process that includes planning, closure and documentation. Perform a series of negotiation exercises that will allow the student to apply hands-on negotiation strategies, techniques, and tactics used in industry and the federal government to ensure successful negotiation outcomes (win-win). OUTCOMES The following is a list of the learning outcomes for the course: Graduates will know and explain the important terminology...
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...of cash, goods or services b. The obligation must be liquidated using cash, goods, or services that were earned by the entity in the performance of their normal business operation c. The liability must be an unavoidable obligation d. The transaction or other event creating the obligation must have already occurred 2. Current liabilities are: a. Liabilities that are due and payable on the balance sheet date b. Liabilities that may be paid out of any asset pool accumulated by the enterprise as long as payment is due within one year c. Due within one year or one operating cycle, whichever is longer d. Void of notes payable, as notes are always long-term 3. On October 1, 2003, a company borrowed cash and signed a one-year, interest-bearing note on which both the principal and interest are payable n October 1, 2004. How will the note payable and the related interest be classified in the December 31, 2003, balance sheet? Note Payable Accrued Interest a. Current liability Noncurrent liability b. Noncurrent liability Current liability c. Current liability Current liability d. Noncurrent liability Noncurrent liability 4. The Diana Co. issues a $208,000 6-month, zero-interest-bearing note to the Tang National Bank. The present value of the note is $200,000. The entry to record this transaction by Diana Co. would include: ...
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...A Proposal on Identification of the Possibility to launch a Corporate Event Management Company Prepared for Arafat Rahman Course Instructor Business Communication Prepared by Shihabuddin Md. Zaki Class ID: 1571 Batch: 21st INSTITUTE OF BUSINESS ADMINISTRATION JAHANGIRNAGAR UNIVERSITY Date of Submission: April 01, 2012 Table of Content: Introduction Problem statement Objectives Methodology Service Financial summary Timing Reporting Conclusion Bibliography [Page - 1] [Page - 1] [Page - 2] [Page - 3] [Page - 4] [Page - 4] [Page - 5] [Page - 5] [Page - 5] [Page - 6] INTRODUCTION The Corporate Retreat Professionals (CRP) is an event management company specializing in corporate customers. CRP will offer two types of services, retreat training services as well as product launch event planning. The retreat training services will be either leadership development training or teaming skills training. For both types of retreats, CRP can take care of the planning of the event, as well as actually hosting the training through the use of one of CRP's strategic business partners. The corporate market for event management is steady and profitable. For some large companies, economic downturns mean cuts in training. This is, however, only the case for shortsighted companies. The benchmark companies may trim down the workforce during a downturn, but they do not cut funds for training. They recognize that investing in human resources is always a good investment. CRP intends...
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...Current Liabilities and Contingencies The International Accounting Standards board (IASB) issues the International Financial reporting standards (IFRS) to over one hundred ten countries. The United States is excluded from this group but primarily follows the standards of Financial Accounting Standards Board (FASB) and General Accepted Accounting Principles (GAAP). While both accounting standards have some differences, 2016 will be the year the U.S. will make the switch and unite with the IFRS. Current liabilities and contingencies are one of the many areas that standard setters continue to work on financial reporting and the major changes in how to recognize and measure contingent liabilities. The Statement of Financial Accounting Standards Board defines current liabilities as, “obligations whose liquidation is reasonably expected to require use of existing resources properly classified as current assets, or the creation of other current liabilities.” In addition, Statement of Financial Statement Standards indicates, “Current liabilities should include obligations that are due on demand or that will become due on demand within one year from the balance sheet date” (SFAS No.78). Operating Cycle is the time between the purchase of an asset and its sale, and the sale of product/good from the asset. Some examples of conventional current liabilities are Accounts payable, Notes Payable, unearned revenues, and employee related liabilities. One of the most popular current liabilities...
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...Business Case Northern Exposure November 18th 2013 Word Count: 4945 Table of Contents 1. Executive Summary 2 1.1. Issue 2 1.2. Recommendation 2 1.3. Implementation Considerations 2 2. Problem Definition 3 2.1. Problem Statement 3 2.2. Organizational Impact of the Proposed Project 3 2.3. Recommended Implementation Approach 3 3. Project Proposal 3 3.1. Project Description 3 3.2. Goals and Objectives 4 3.3. Project Performance 4 3.4. Project Assumptions 4 3.5. Project Constraints 5 3.6. Key Project Resources 5 4. Alternatives Analysis 5 5. Cost Benefit Analysis 6 6. Approvals 7 Process Analysis and Redesign Step 1: See Exhibit A and B. Step 2: Problems and Sources 1. Lack of administered IT processes. Information is not being properly updated, which is resulting in an overall increase in costs. Information that is crucial for the company’s success is not being kept up-to date. None of the ordering information is being stored on any hard drive; they are only known by memory. The recipes are kept in books and are not backed up anywhere else, which is inefficient for the rest of the kitchen staff. None of the new information being obtained from creating the customized menus is being saved. As a result, order amounts are being incorrectly estimated for both food and beverages. Drink purchases are being kept track of manually, which could generate inaccurate results for sales and inventory forecasting...
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