...Case Study – 2 LightHouse How should revenue be recognized for sales of both the ship finder devices and service? EITF 00-21 states “that in arrangements for multiple deliverables, the delivered item(s) should be considered a separate unit of accounting if all of the following criteria are met: The delivered item(s) has value to the customer on a standalone basis (i.e., it is sold separately by any vendor or the customer could resell the deliverable on a standalone basis) There is objective and reliable evidence of the fair value of the undelivered item(s) If the arrangement includes a general right of return, delivery or performance of the undelivered item(s) is considered probable and substantially in the control of the vendor”. In this case it says that lighthouse devices are made to be exclusively with the light house services and there are no other competitors making devices that work with the Lighthouse services. Therefore even if the customer cancels the service at any time the device does not have value to the customer on a stand alone basis therefore revenue can not be recognized by the arrangement with multiple deliverables. According to SAB no, 104 to recognize revenue “Persuasive evidence of an arrangement exists, Delivery has occurred or services have been rendered, the seller's price to the buyer is fixed or determinable and Collectability is reasonably assured”. So the revenue for the Ship Finder Device can be recognized after the completion of the...
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...Public speaking is an art; and, like every other art, it has to be learnt, both in practice and theory. For a man to say that he will never deliver a speech until he has learnt to speak is like saying that he will never go into the water until he has learnt to swim. One cannot learn to swim with-out going into the water, and one can never learn to speak in public without speaking in public. In both cases, one has to learn by practice; and no amount of theory without practice will be of any avail. A speech should always be carefully prepared before-hand. Preparation includes collection, selection and arrangement. First, collect materials for the speech—ideas, arguments, facts, illustrations bearing on the subject. Jot these down as they come to mind. Then select the most appropriate, rejecting the rest. Lastly, arrange the selected thoughts in an orderly and logical plan. Without all this, the speech will be badly arranged, rambling, dis proportioned and full of repetitions. At first it is a good thing to write the speech out in full; for "writing maketh an exact man". The written speech, however, should never be learnt by heart. Memorizing is a fatal mistake. It turns the speech into a mere recitation; and reciting is not nearly as effective as speaking direct to the audience. Then, the recite is bound hand and foot by his memorized words; whereas a speaker must be free to alter, omit, or add as he sees what his audience requires. Lastly, there is the danger of...
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...stock price will be increase in an organization. Q NO: 2 How does diversity in an organization affect the organization s work/life balance? What ethical consideration exist that may drive the organization to be more work/life balanced? Ans: Alternate work arrangements can be a way to meet employees need for balance and flexibility and that the employee should examine his/her own personal characteristics when considering a change in schedule Q NO: 3 How can organizations develop a culture that supports work/life balance? Ans: Baxter has acquired several companies from other countries in recent years and is in the process of spreading family-friendly benefits such as: • Alternative work arrangement • Dependent care • Counselting resources • Adaptation assistance • Back-up emergency • Child care • Location rooms to their non-united state subsidiaries 4 What role does human resources play in making sure work life practices are effective? Ans: The role of human resources play in making sure work/life balances are effective is given bellow: • Produce medical product that are used in IV (intravenous solutions), anesthesia, dialysis, biotechnology product. • Alternate work arrangements can be a way to meet employees need for balance and flexibility. • The company web site includes a guideline. • Establish balance with different countries and...
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...Group writing can be beneficial in a number of ways. A combination of brain power is good for creating ideas and, accomplishing goals within a specific time frame. Working in a group also gives students an exceptional opportunity to witness how other team members prefer to write. Each individual has the chance to ruminate on their own skills as they learn about the writing process and strategies of others. In addition, team members will offer a diversity of skills that will set them apart from other members of the team. Working in a group naturally involves some degree of cooperation, which will also facilitate one’s ability to successfully work with others in the future. However, team work can sometimes be stressful, and demanding because there are several opinions and a variety of writing styles to combine into one final piece that everyone has to agree upon. Respect also plays an essential role when working as a team. One should always show his or her colleagues courtesy by paying close attention, participating in group discussions, arriving on time for arranged group meetings, submitting drafts within the specified time frame, contributing constructive feedback, and taking accountability for his or her proper share of assignments. Being that there are several members exploring resources and working towards completing the same assignment, certain matters may take more time than others in order to reach a final conclusion. For example determining and settling on a topic everyone...
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...that you have officially imparted the meeting motivation to the members, quickly take them through the plan while giving a concise prologue to everything in the motivation. Give careful consideration towards presenting the venture parts and underline the reasons why the term individuals were allocated to separate parts. In the event that there are individuals assuming extended parts, recognize about it. When you do all these things, don't go into point of interest. The reason for this meeting is to take everybody on to the same stage. When the tone is situated, present the plan in an organized way. As a matter of first importance, discuss the venture suppositions and how you added to the undertaking arrangement. Present your thinking behind the arrangement and pass on the message that...
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...IDIOMS:- Arranged Marriage Pendahuluan (just pilih satu je sebab paling banyak letak 2 perfect dah) 1. A hot potato – hangat dibicarakan, popular. (The topic discussed is a hot potato as it happens quite a number recently) 2. At the drop of a hat – semestinya, of course! (This statement is supported and accepted by public at the drop of a hat because of its relevancy) > kalau you sokong 3. Barking up the wrong tree – menyalahkan orang/situasi yang tidak sepatutnya. (Sensitive and sensational topic as it is, a person should not just jump into their own opinion without considering all the point of view as they could barking up the wrong tree) 4. Give the benefit without the doubt – percaya bulat-bulat, main ikut je. (Before anyone jump into their own conclusion and judgements, we surely should not give the benefit without the doubt) 5. Once in a blue moon – jarang-jarang. (At some’s awareness, arranged marriage is something that happens once in a blue moon, but believe it or not, it has quite a number recently) Penutup (just pilih satu je sebab paling banyak letak 2 perfect dah) 1. Take with a grain of salt – tak ambik serious kata orang. (Despite what comments people had on arranged marriage, everyone had their own two cents (ni pun idioms gak tapi sokay macam simpulan bahasa je bukan peribahasa) and are freely to support or oppose the practice. Therefore, people should not take with a grain of salt if someone are against their side) 2. Let it...
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...join your friends to go to the cinema. So, although you really like to spend your time with your friends, you should go home and take a shower and just lean on a sofa in front of TV because you know that you have to be punctual in your work, otherwise you will lose your career. In addition, in the modern age we have to live based on a certain schedule because all parts of our community are organized and we cannot change the rules and arrangements. For example, if you want to go to a trip, you have to write a request letter and ask your boss for a leave that usually should be done one or two months sooner than your trip and it will take a few days for your boss to grant a leave to you. Therefore you cannot just decide to do something and then simply do that. You should arrange your time according to your duties, your family pastime, and your chairman decision at your workplace and I think it is an arduous task. All in all, I think that according to economic crisis in many countries and increasing demand for finding job and also the arrangement of everything in modern...
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...Manini Manufacturing 1. Is the arrangement a multiple element arrangement? If so, what elements of the arrangement would qualify for, and be accounted as, separate units of accounting? • Yes, it is a multiple element arrangement since it is a sales arrangement that involves delivery of multiple products and services over extended period of time. • The following would quality for separate units of accounting: a. Equipment b. Installation c. Maintenance & Support 2. If the arrangement consists of more than one unit of accounting, how should the arrangement fee be allocated between the separate units of accounting? Assume Manini early adopted the provisions of EITF Issue No. 00-21, Revenue Arrangements With Multiple Deliverables. How much revenue, if any, should be recognized in the fiscal year ended February 28, 2003 and 2004, respectively? • In 2003, revenue recognized = $50,000 + $150,000 + $300,000 for equipment. • In 2004, revenue recognized = $500,000 for installation services. In 2004, revenue recognized = $50,000 for maintenance and support services. 3. How would your responses to Issues 1 and 2 change, if the customer had a specific right of return such that the customer may receive a refund of amounts paid upon contract signing, delivery of test data, and delivery of equipment, if Manini fails to complete the installation process? • If specific right of return exists in contract as described in question...
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...Case Study: Chase’s Strategy for Syndicating the Hong Kong Disneyland Loan (A) Q1. How should Chase have bid in the first round competition to lead the HK$3.3 billion Disneyland financing? 1.Three ways to approach this deal 1) bid to win, 2) bid to lose and3) no bid. Chase chose to bid to lose on the first round, but just enough to make it to the short list. Also, since Chase is one of Disney's relationship banks, Chase would not want to ruin this relationship by not bidding on their project. If Chase wanted to lead the competition from the first round, they should have made a bid that was more aggressive and aimed to win. This bid would have been closer to the desires of Disney, making them more appealing and increasing their probabilities of leading the financing. However, they chose to bid to lose, with just enough terms to get into the second round to "protect their reputation", but not to lead. The deal started to become more attractive with the possibility of Disney awarding a sole lead arranger mandate and with the increased potential for a successful syndication. At this point, after Chase made it through the first round, they decided on a more aggressive final proposal where they would be very close to meeting most of Disney’s demands in order to win the deal. 2. Standard Commitment Letter The standard commitment letter established by Chase for the Disneyland project would have the following terms: 1. HK$300 million loan. 2. 15-year maturity...
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...| SOCIAL MEDIA POLICY STATEMENT | These days online networking is accessible extra than any time in recent memory! Principally you can get to online networking from living arrangement, from school, and in addition even from inside the work environment. Yes, your laborers sneak in the uncommon look at the FACEBOOK channel and additionally the occasional tweet here alongside there. The react is yes, you most totally ought to. It is noteworthy for relationship and in addition organizations to monitor what their partners and laborers are tweeting and in addition posting about especially on issues that identify with the work environment. You might be asking essentially without anyone else's input: How precisely would this be able to be finished? Will you be blocking their benefits to generously post whatever substance they watch fit for their online networking systems? What precisely is the right approach in regards to this touchy issue? AEP Company is a world-understood brand with workplaces and in addition specialists arranged all around the globe. How precisely do they regulate their laborers' online networking missions? AEP Company takes a greatly reassuring other than strict strategy when it comes towards their Social Media mandates. Here are some underlines from AEP Company Social Media Policy: Specialists are permitted to associate themselves with the business when posting other than they should clearly trademark their online posts as individual...
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...Responsibilities Types correspondence, reports, team documents, and other items as requested for the sales manager using Microsoft Word on the computer to insure documents are professional. Files sales reports alphabetically in the file cabinet to insure tracking and access of reports. Makes travel arrangements for sales manager through travel agency. Identifies travel schedule and destination for sales manager by reviewing sales manager’s calendar and meeting dates/times to insure sales manager is at destination when needed. Books airline passage by finding a flight that meets schedule criteria as well as budget in order to insure sales manager is at destination when needed. Arranges transportation to airport and rental car at destination by finding a car based on car rental agency contract in place in order to allow sales manager transportation at destination. Supervision Given/Received This position requires little to no supervision. This position is occupational, union represented. Qualifiers Knowledge of general filing system and document filing protocol Knowledge of airline and rental car contracts and arrangements Knowledge of managing calendar Travel arrangement experience Typing (50 wpm, 100% accuracy) Excellent English writing skills (structure, grammar, punctuation) Computer skills Microsoft Office skills/experience Ability to file and retrieve files with 100% accuracy Ability...
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...Phil ToweSept 4, 2013EDUC 304Case Study #1Minimizing Distractions:Edward is a third grader who is becoming distracted during his independent work in his classroom. He is sitting up close near the board per his IEP; however he is still struggling with daily distractions that is preventing him from completing his tasks. Based on class observations, I decided to sit in the seat where Edward sits to see if I could identify anything that could be a hindrance. Almost immediately, I noticed that to the right of Edward's seat was a big window that overlooked the playground. Thinking back, I can recall that anytime a class is outside for recess I have to call on Edward to focus. Lowering the blind on this window and closing them will eliminate this distraction for not only Edward but also for all the students. Another distraction I noticed by sitting in his seat was the class computer. The bright ocean screen-saver with all the different pictures and sounds was a definite distraction. This was the first time I thought of the computer as a distraction, so I immediately changed the screen-saver to something that was not bright, with no pictures of sounds. Lastly, Edward is in the pathway of the students and the trash can. Every time the students or myself throws something away, Edward only pays attention to them and their journey to the trash. I have decided to move the classroom trash can to the back of the class near my desk to eliminate this as well. Maximizing Access:Because of where...
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...Velocity Cellular Revenue Recognition in a Multiple-Element Arrangement Velocity Cellular Services is planning the rollout of a new prepaid phone service called Power Starterpack. Using the current, relevant accounting guidance, determine and support the appropriate method for recognizing revenue for this new product. Power Starterpack Details Velocity Cellular sells the Power Starterpack for $200. The Power Starterpack consists of two elements: a new activation card and a prepaid voucher for $50 worth of airtime. The new activation card allows the subscriber’s cellular phone to function and gives the subscriber additional features not available with the old activation card. Activation cards can be purchased separately from Velocity. Identical activation cards can be purchased from other vendors. The $50 prepaid airtime voucher must be used within 360 days or the remaining value is forfeited. If there is no activity for seven consecutive months, the subscriber’s account is closed and the phone number is deactivated. No refunds are given and the subscriber has no general rights of return for the Power Starterpack. Are the Deliverables Considered Separate Units of Accounting? Velocity Cellular adopted ASU 2009-13, “Revenue Arrangements with Multiple Deliverables” in the current fiscal year. The Update amends the criteria in Subtopic 605-25 for separating revenue in multiple-deliverable arrangements. The amendments replace the use of the fair value of deliverables...
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...Alternative Having accessible choices amid an arrangement is a decent option which engages you with the certainty to either achieve a commonly palatable understanding, or leave to a superior option. "Don't put all your eggs in one basket." It's an old saying which has stood the test of time. Some of you urbanites, sitting in your work spaces, may be scratching your heads and pondering, 'What for the sake of Hades does this mean?' Meanwhile, pull out there in the field, a bronzed confronted agriculturist, is likely feigning exacerbation and persistently clarifying, that if you stumble in transit back to the kitchen, eggs are no more on the breakfast menu. To a negotiator, this insightful old saying delineates that in the event that you convey just a solitary proposition to the table, you might likely wind up with a spoiled arrangement, or no arrangement by any means. You need an option arrangement holding up in the wings. It ought to be genuinely evident that not each arrangement is going to escape in a decent, perfect settlement bundle. This is the place BATNA acts the hero for those of you sufficiently sensible, to have paid attention to the wise guidance of that old rancher who authored the above precept numerous a long time prior. BATNA means 'Best Alternative to a Negotiated Agreement'. This is your substitute arrangement when the discussions begin to wobble crazy. It can likewise be your trump card to make the arrangement happen further bolstering your good fortune...
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...1. If you want fast you have to slow down. It does not mean that you have to do everything by a slowly way. It means that you must do everything carefully. In my oipnion, this is This is one of the most effective ways to save time. If you do everything carefully so you will save a lot of time for checking and fixing problems. In addition, the quality of your work will be significantly improved if you do it in a careful way from the beginning. Moreover, the risk of your job will also significantly reduced. It will help you be more confident in arranging and planning your activities. 2. You can still do more work whether your timetable was full already. If you can arrange work by a resonable way so your downtime will be less significant. It means that your time will not be wasted. On the other hand, from my own experience when we do too much work, the quality of work is often reduced. So, when we set up a time to do the maximum volume of work we must always pay attention to section 1 above and continue reading the section 3 following. 3. If you can not identify the most urgent and important works, you will not be able to sort the rest. It simply means that when you have completed the urgent works then you will feel more comfortable to do the rest. Again, it related to the work's quality. Maybe the pressure of work will make you achieve high performance but it also bring a certain risk. In my opinion, I do not like to do the important work accompanied a certain...
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