...be used as additional reference material by Queensland Government agencies when managing software. Agencies should consider the information provided as reference material and interpret it in the context of their own agency methodologies. ISO/IEC 19770-1 Audit Checklist This checklist has been developed to be used in conjunction with ISO/IEC19770-1 Information technology – Software asset management – Part1: Processes (the ISO Standard), and should not be used in isolation from this Standard. The checklist has been developed to assist agencies to perform self-audits to monitor their progress towards best practice in software license management. The checklist outlines elements that should be met in order to be fully compliant with the ISO Standard. It may be used by Agencies to guide where improvements can be made in managing software licensing. Each element may be audited separately to check on progress towards maturity in specifically targeted areas, however, compliance with all element will ensure that the agency is aligned with industry best practice in software license management. The ‘Evidence’ section of the checklist outlines possible evidence that auditors may consider when evaluating level of compliance. This list can be modified to reflect individual agency requirements and is not intended as an exhaustive list. This checklist includes elements that may not be relevant to every agency, and fall outside the requirements of IS45 – for example, Software Development...
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...ASCI JOURNAL OF MANAGEMENT 29(1). 39-48 Copyright ? 1999 - Administrative Staff College of India. R. VAIDYANATHAN Asset-liability management: Issues and trends in Indian context This paper discusses issues in asset-liability management and elaborates on various categories of risk that require to be managed. It examines strategies for asset-liability management from the asset side as well as the liability side, particularly in the Indian context. It also discusses the specificity of financial institutions in India and the new information technology initiatives that beneficially affect asset-liability management. The emerging contours of conglomerate financial services and their implications for asset-liability management are also described. Asset-liability management basically refers to the process by which an institution manages its balance sheet in order to allow for alternative interest rate and liquidity scenarios. Banks and other financial institutions provide services which expose them to various kinds of risks like credit risk, interest risk, and liquidity risk. Asset liability management is an approach that provides institutions with protection that makes such risk acceptable. Asset-liability management models enable institutions to measure and monitor risk, and provide suitable strategies for their management. It is therefore appropriate for institutions (banks, finance companies, leasing companies, insurance companies, and others) to focus on asset-liability management...
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...ASSIGNMENT TCP 1241 – Computer Programming II INSTRUCTIONS A. Grouping | * Min ONE student, Max THREE students * STRICTLY NO COPYING from other group | B. Deliverables | * Report hardcopy- refer Guidelines in part E.- code is not required to be printed. * Demo- prepare the softcopy of the codes (virus free) and ensure it is in proper working condition. You will have to demo how your system works and will be asked for questions to verify your work. The demo date will be announced later.Note: * Anyone caught to have submitted a copied work will be awarded a zero, including the group that the original code belongs to. Codes that are downloaded from the web receives the same fate as well. * Late submission will be punished by deducting 5 marks per day. | C. Important Dates | * Report hardcopy is to be submitted to your lecturer on 23 January 2015 (Friday) before 4pm. | D. Problem StatementThe objective of this assignment is to refresh and enhance the skills of the students in problem solving involving functions, arrays, classes and others using the C++ programming language. Students MUST use the inheritance concepts in the OOP. Students are required to select a title from the list below and register with your tutor (First come first serve). Your program must be able to perform the following functions based on your chosen title: 1. Add/register new accounts. 2. Delete and cancel existing records. 3. Modify existing records. 4...
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...the DFA emphasized on participation by all present. • The first paper was presented by the Senior Manager, Final Accounts/ K.M.Jemaku. Titled: FIXED ASSET MANAGEMENT – OPERATION & CHALLENGES: It defined and classified fixed assets, their management, depreciation and disposal. The management of Fixed Assets was noted to be a huge challenge to Finance & Accounts Department because of the many lapses imminent. The Sun System Fixed Assets module captured most of the detail data identifying an asset, and provides information automatically. Each asset is then assigned a code to further give the required peculiarity in the database. The presenter identified the challenges as follows; - Time lag between coding and labeling of assets. - Difficulty in tracing assets to assigned locations. - Failure to code some assets making disposal difficult. - Inability to reconcile physical assets with the register. Other issues relating to management of Fixed Assets were mentioned as; - Disposal of such assets without the knowledge of Finance Dept. - State Offices charging assets disposed to sundry income. - Vandalizing of assets particularly computers. - Wrong classification of assets by Admin/Stores. - Unregistered transfer of assets from one user to another. - Non-clarity of location of assets. - Non recognition of...
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...liabilities, and its loans and investments are its assets. It generates revenues in a variety of different ways including interest, transaction fees and fees for financial advices. The main method is via charging interest on the funds it lends out to customers. The bank profits from the differential between the level of interest it pays for deposits and other sources of funds, and the level of interest it charges on its lending activities. Fluctuation in market interest rate may adversely affect the profitability of a bank. This fluctuation exposes the bank to interest rate risk. Also, a bank must pay its depositors’ money on demand. If it does not maintain sufficient liquidity it may face liquidity crisis. Again, the price a bank can demand on its loans is often dependent on its cost of fund. Moreover, every scheduled bank in Bangladesh has to maintain 5% of its average total demand and time liabilities in cash with Bangladesh Bank. Also, every scheduled bank has to maintain 18% (including CRR) of its average total demand and time liabilities in cash, gold or as unencumbered approved securities daily with Bangladesh Bank. Again, at present every scheduled bank has to maintain a minimum capital requirement of 9% of Risk Weighted Assets. From July 01, 2011 this requirement will be 10%. To hedge itself against interest rate and liquidity risk, to price its loans, and to meet regulatory requirements a bank must manage its assets...
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...process analysis and change management, and cross-functional collaboration leadership. Domain expertise in marketing, product development, technology engineering, healthcare and financial services. Applies strong coordination, analysis, communication, and thought leadership skills to drive project and program success. Core competencies include: Business\IT Liaison Content and Digital Asset Management Team Collaboration Leadership Change Management Leadership User Support and Training Development Requirements Management Business Process Analysis Professional Experience Rockwell Automation, Milwaukee, WI, 2009 to present Business Systems Analyst For a global developer of industrial automation control and information solutions, lead requirements and change management, quality assurance, research and development to support strategic web-based Marketing initiatives. For a multi-phase, multi-million dollar program with Rockwell’s Web Customer Experience Program: Facilitated acquisition and deployment of web content management system (WCMS) in support of corporate web initiatives. Manage business analysis process for redesign of the Allen‐Bradley and Rockwell Automation corporate web sites. Gather and validate business and functional requirements from business process owners and teams. Manage quality assurance and test planning for deployment of new web sites. Perform content analysis and migration for onboarding legacy digital assets into WCMS. Coordinate relationships...
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...achievements of Coca-Cola‘s business strategy. Coca-Cola has operations in over 200 countries worldwide. This requires Coca-Cola development of collaboration technology in order to help them get access quickly and given a structured form of information. Coca-Cola is using a standardized platform web for knowledge sharing. One way in which Coca-Cola was able to innovate in its collaboration was to create a digital asset management system, in which Coca-Cola and its bottlers could actually make use of a pit of information containing demographics, historic performances, as well as previous marketing strategies, and lessons learned. They were able to make use of this information by creating an online Content Management System which allowed them to tag and catalog what information was available, so that it was discoverable and retrievable through a standardized platform. This online Content Management System allows the company and its many bottlers to be more efficient, which increases sales and marketing. 2. Coca-Cola is using both internally and externally knowledge management systems to manage its business model. Coca-Cola’s IBM’s Content Manager Software creates an online...
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... When coming across the organization process of Wal-Mart, Sam Walton was the creator in 1962 in Rogers, Arkansas (Wal-Mart Corporate, 2012). The organizing process is described as the management function of pulling together and synchronizing human financial, physical information and other assets required to accomplish goals (Bateman & Snell, 2009). In 1972 discount sores such as Kmart expanded. Sam Walton at that point in time had 15 Wal-Mart stores and did not have the funds to increase the amount of stores, so he offered Wal-Mart stock to the New York Stock Exchange. For the reason of the large profit that toke place from the sales of stock, Wal-Mart was able to expand. By the 80s hit Wal-Mart had 276 stores Wal-Mart Corporate, 2012). Organizing contains numerous organizational resources, physical assets, knowledge, funds, and human resources. In this paper we will talk about human resources and monetary of Wal-Mart. Human Resources of Wal-Mart Managing and upholding of the human resources section is imperative while assessing how effective the organizing function is. “People are assets not commodities” (Bateman & Snell, 2009). The supervisors as well as the businesses have to work collectively to take into service the correct people for the occupation. Human resource management is in charge of recruiting, training, performance evaluations, rewards, labor relations, earnings, and benefits (Bateman & Snell, 2009). Wal-Mart provides work for about 2.1 million...
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...organization is responsible for upholding excellence and integrity. This means acting responsibly in all its professional relationships, in a manner consistent with the high standards that is set for business conduct (Disney), n.d. There are many reasons the way ethics and the role Disney complies with codes within its organization. Ethics in Disney affects every area of the organization, not only the financial environment. Upholding legal standards of conduct, while mandatory for every cast member and employee, is not enough. Disney is responsible for maintaining ethical standards. These standards govern how to treat individuals that are in contact with Disney. These are standards of integrity, honesty, trust, respect, fair play, and teamwork, not to insult, degrade, and apply peer pressure to other employees for self-gratification (Disney, n.d.). Disney’s financial environment is characterized by its financial managers, supervisors, and bookkeepers. The role ethics need to be part of Disney’s finance team is to work with integrity and objectivity. Integrity is being honest, sincere and accurate in how the finances are reported. The bookkeepers must be impartial to Disney and avoid any conflict of interest with the organization. The financial management team must be truthful regarding the finance department’s financial goals and interest. It will make financial decisions that will benefit the organization the most. The financial management team is in charge of how Disney’s...
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... Dear Sir or Madam: I am a recent accounting graduate from XOXO University seeking a full time position in private baking. I am responding to the advertised Banker position for Asset Management Private Bank Latam. The job description and requirements posted for this position fit both my personality and experience. The opportunity to work for J.P. Morgan in a globally oriented setting and with teams of professionals committed to excellence is an exciting prospect for me. I have had assorted non-employment business experiences that would successfully translate into quality performance for this position. I first gained customer relations and negotiation skills at the age of 15 when my proficiency in English became an asset for my parents’ security company in Maputo, Mozambique. With the majority of the clients being affluent nationals or foreign professionals I became very adept at leading business conversations, explaining potential security concerns to those clients who were new to the country, and learning about all the products and services to ensure clients understood them. I am confident that as a Banker I can create and maintain client relationships where client satisfaction is always realized. I am an avid learner with a comprehensive knowledge of accounting, finance, and management; I can efficiently adapt my skills to fulfill the responsibilities of the position offered. As a native Latin American who has lived in Latin America, Africa, and the U.S., I have...
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...Tuition Reimbursement Program Proposal Misti Ford Axia College University of Phoenix XCOM 285 December 4, 2012 Priya Soni Facilitator It is very common for men and women of all ages to attend college courses to advance their knowledge in the field that they are currently working in. Among our company we have a wide variety of people who currently hold an Associate’s Degree and want to earn their Bachelor’s Degree while maintaining the position that they currently hold within our company and possibly advancing into a higher position after completion. I feel that it would be a good asset to our employees as well as to our company to assist each individual that shows an interest in taking courses by allowing them to take advantage of tuition reimbursement program. According to Dye, F. (2003) tuition reimbursement is when a student pays for college costs upfront t and is later reimbursed at a later date. This program is implemented in many different career fields and is very beneficial to a great majority of companies that offer tuition reimbursement or even tuition assistance to their employees. There are many fields that have an allowance for their employees to advance their training and continue going to school either at a campus or online. One example and the most common practice that implements this program is the health and medical field. Certified Nursing assistants are at the bottom of the chain and will work their way up and become Registered Nurses with...
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...by making them potentially liable for their decisions. Implementing a Corporate Compliance plan will protect the company as it complies with federal law in an effort to monitor its commitment to upholding values and mission statements. The management team will also promote ethical commitment throughout management and operations. Since Riordan may be affected by government contracts law, participation in the Medicare and Medicaid program, and environmental law, Baker states that it is imperative to implement such plan immediately. Although unlikely, the company also faces threats from changes in intentional violation of copyright law and RICO claims rooted on espionage (p. 1). Riordan Manufacturing As Fortune 1000 international industry leaders in plastic manufacturing, Riordan must implement a plan that will protect help protect its assets and investments. With an impeccable research and development team consistently exceeding expectations the company has managed to use its patented polymer material technique to help customers solve evolving needs for innovative products. With rigorous controls and reasonable pricing the company has had success in manufacturing plastic bottles, fans, heart valves, medical stens and custom plastic parts. Fundamentals of Riordan quality management systems have exceeded ISO 9000 standards which lends the company $46 million of projected annual revenue. Success of the company will consequently lead to the industry benchmarking its effective...
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...Corporate Ethics: The Moral element of business : Corporate Ethics: The Moral element of business Defining Ethics : Defining Ethics Understanding of right and wrong Ability to distinguish between the right and the wrong. Integral part of life Running a business is a part of life Corporate Ethics : Corporate Ethics Based on principles of integrity and fairness Focuses on - Stakeholders, and employees. Quality of product and services Customer satisfaction. Community and environment Corporate Ethics are implemented to- : Corporate Ethics are implemented to- Define the framework of the acceptable behavior. Follow high standards of practice. Create benchmarks for self evaluation. Enhance sense of community. Create transparency in the business activities. Foster higher standards of business ethics. Comply with government laws and norms. Who is responsible for ethics in the company? : Who is responsible for ethics in the company? “Everyone” An ethical problem can’t be resolved unless it’s first recognized as a ‘dilemma’ : An ethical problem can’t be resolved unless it’s first recognized as a ‘dilemma’ Reward or punishment to ethical integrity and moral courage decide the act of an individual Corporate ethics: The global perspective : Corporate ethics: The global perspective Study by Columbia University 1990 Half of 1,000 business executives admitted being rewarded for taking action on the job that they considered unethical. One in three reported that refusing to take...
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...accountant to focus on internal accounting Introduction This memo will explain the objectives of having another managerial accountant that would focus on internal accounting for the company. Above all this person will help organize these systems to be even more reliable for the board of directors and management to make concise decisions. Therefore making the meetings easier to connect with the internal accounting systems for the corporation, and help to clarify government regulations and corporate policies. The Objectives and Characteristics of an Internal Accounting System With this in mind, objectives of an internal accounting system are that it will support, encourage, and protect management practices. The general purpose for internal account system is that it supports the financial decision making and also supports the general decision making. This internal accounting system will help clarify that the government regulations are followed, all organization policies are compiled with, financial information will be reliable so that the board of directors and management can make these decisions correctly. Therefore, internal accounting systems will make sure that the assets and records of the firm are not stolen, misused or destroyed (M.U.S.E., 2012). The Importance of this Information to the Company All of the information is important to this company, because this information will be generated in reference to the needs of all managers. With this information it can also...
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...“Repo 105”, Lehman was able to clear huge amount unprofitable assets off its balance sheet instead of selling at loss. Evidence pointed out that the chief executive, Richard Ruld, knew about the use of it but faked ignorance in defence. Even the auditors from Ernst and Young knew about the use of the suspicious Repo 105 but chose to keep quiet. I believe that the prime motivation behind the act was to retain investors’ confidence by preventing a plummet in stock price. Hence, the implication was that Lehman was projecting a false image of its strong financial position, meaning that its stock price was overvalued. Through falsified accounting reports, investors were tricked into believing that their investments were safe, incurring huge losses when Lehman defaulted. Investors lost faith. The consequences were devastating as it created a systemic crisis of confidence in the banking industry as all other banks froze lending to reduce their exposure of Lehman’s undesirable Repo 105. Lehman’s employees suffered too as they lost their jobs overnight. 2. After extensive research, it was apparent that a written “Code of Ethics” was present at Lehman Brothers. However, for an ethics code to be effective, the tone at the top executives needs to be set right so that the entire organisation can feel connected to the firm’s ethical values and beliefs. The obvious failure we witness in Lehman’s case was that the top management, led by Ruld (CEO) and Erin Callan (CFO), were guilty of unethical...
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