...Statement Analysis Learning Team B has chosen ADP, Embraer, and Lowes for our three companies. As a team, we will calculate the current and quick liquidity ratios, profit margin, asset utilization, DuPont ratio, and financial leverage for each. A distinction will be made between cash and accrual basis accounting. Also, an illustration will be shown as to how the Financial Accounting Standards Board (FASB) and International Accounting Standards Board (IASB) conferences influence presentations. In addition to the other information, Learning Team B will explain the differences as to what happens when a company uses cash basis accounting versus accrual basis. Financial Analysis Computations ADP The original outsourcer, Automatic Data Processing (ADP) has still got it. ADP is one of the largest payroll and tax filing processors in the world, serving about 550,000 clients. Employer services (payroll processing, tax, and benefits administration services) account for the majority of the company's sales, and it’s PEO (Professional Employer Organization) services are provided through ADP Total Source. ADP also provides inventory and other computing and data services to some 25,000 auto, motorcycle, truck, and recreational vehicle dealers. Other offerings include accounting, auto collision estimates for insurers, employment background checks, desktop support, and business development training services (www.dailyfinance.com). Embraer Embraer is the second company Team B has...
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...MEDIA BRIEFING AN ANALYSIS OF THE NATIONAL BUDGET FOR FY2015 06 JUNE 2014 CPD IRBD 2014 TEAM Dr Debapriya Bhattacharya, Distinguished Fellow CPD and, Professor Mustafizur Rahman, Executive Director, CPD were in overall charge of preparing this report as the Team Leaders. Lead contributions were provided by Dr Fahmida Khatun, Research Director; Dr Khondaker Golam Moazzem, Additional Research Director and Mr Towfiqul Islam Khan, Research Fellow, CPD. Valuable research support was received from Mr M Shafiqul Islam, Additional Director, Administration & Finance; Ms Khaleda Akhter, Senior Research Associate; Mr Muhammad Al Amin, Senior Research Associate; Mr Kishore Kumer Basak, Senior Research Associate; Mr Md. Zafar Sadique, Senior Research Associate; Ms Mehruna Islam Chowdhury, Senior Research Associate; Mr Uttam Kumar Paul, Deputy Director, Accounts; Mr Mashfique Ibne Akbar, Research Associate; Ms Farzana Sehrin, Research Associate; Ms Saifa Raz, Research Associate; Ms Umme Salma, Research Associate; Ms Umme Shefa Rezbana, Research Associate; Ms Mahenaw Ummul Wara, Research Associate; Dialogue Associate; Mr Md. Naimul Gani Saif, Research Associate; Mr Mohammad Afshar Ali, Research Associate; Ms Shahida Pervin, Research Associate; Ms Afnan Ashfaque, Research Associate; Mr Mostafa Amir Sabbih, Research Associate; Ms Kashfi Rayan, Research Associate; Ms Shahzeen Hafiz, Programme Associate; Mr Ziad Quader, Research Intern; Ms Nadee Naboneeta Imran, Research Intern and Mr...
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...Bangladesh Studies (G201) Decadal Trend Analysis of ADP Sector: Oil, Gas and Natural Resources Submitted to: Sheikh Morshed Jahan Associate Professor Institute of Business Administration University of Dhaka Submitted by: Abdullah-Al-Rezwan ZR-80 Wasifa Rahnuma Islam RQ-84 Radiyah Mohammad Salim RQ-92 Tanveer Kabir ZR-102 Section B, BBA 18th Batch Date of Submission: March 11, 2012 INTRODUCTION ADP stands for Annual Development Program which is an organized list of projects in various sectors. The ADP is prepared on the basis of the year's development budget approved by the parliament. ADP consists of projects in different economic sectors and each ministry sets priorities to implement their own projects. There are two approaches for implementation development projects namely, program approach and project approach. But all ‘best practices’ are not fit everywhere. Many countries implement their development issues through projects and some countries implement this as ‘program approach’. In Bangladesh, we have both project and program approach to implement ADP. ADP has different projects which are executed by Ministries/Divisions/ Agencies. There are lots of activities that are proposed to be implemented by the authorities. The government has a practice of revising the ADP almost every year. In 2007 – 08, the government reduced 15% of ADP from Taka 26,500 crore to Taka 22,500 crore...
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...other fast food restaurants and we all serve the customer that wants fast food, but we are more family oriented. The majority overview of this business plan was to review and discuss the HRIS needs of the company, the type of HRIS that will be used and also what vendor would be providing these services to Castle's Family Restaurant. Introduction This business plan will discuss the importance and the benefits of having an HRIS implemented for the payroll function of the Castle Family Restaurant. Discussing of the Vendor that is selected and some key information on what the vendor provides is available in the paper. This paper will serve as a recommendation to assist the company in streamlining the payroll function of the business. Company Review The name of the business that we are evaluating is called Castle’s Family restaurant. The business is currently located in Northern California and has approximately 300-340 employees. Most of the employees at Castle’s Family restaurant are part-time with about 40% of the employees being full time. As we take a look of what HR automation that would best fit the Castle’s Family restaurant we must look at the skill set of job title within the company. The waiters, bus boys, dishwashers, cooks and the greeters have at the highest a high school diploma and at times most may not even have that. They are very limited in their computer usage and due...
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...Introduction: ADP Inc. is one of the world's largest providers of business outsourcing solutions. Leveraging more than 55 years of experience, ADP offers the widest range of HR, payroll, tax and benefits administration solutions from a single source. ADP's easy-to-use solutions for employers provide superior value to companies of all types and sizes. ADP is also a leading provider of integrated computing solutions to auto, truck, motorcycle, marine and recreational vehicle dealers throughout the world. ADP became a public company in 1961, with an initial stock price of $3. In the next year, Brokerage Services division was developed to serve the high volume transaction needs of major stock brokerages on Wall Street. The company proceeded to offer Dealer Services to automotive dealers to handle inventory and accounting transactions. In 1974, ADP extended into the international market with an office in The Netherlands, and later in the decade added Claims Services.1 Today, ADP employs more than 42,000 associates globally providing business solutions for more than 570,000 companies of all sizes – small, mid-market and enterprise. The key to the company’s growth and stability is solid strategy. By focusing on top-notch customer service, financial reliability, and a low-margin, high-volume model, ADP has been able to stay true to its core goal: customer retention. Year after year, clients return to ADP for the handling of the routine, but distracting, tasks of payroll, benefits...
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...Pro Staffing Research for Outsourcing Payroll and Tax Services 03/15/2014 Table of Contents Project Scope 4 Requirements 4 Procurement Advantages 5 Savings Analysis 5 Procurement Disadvantages 6 Risks 6 Scoring Matrix for Procurement Proposals 8 Contractual Analysis 12 Considerations 12 Proposal Information 12 Legal Compliance Subjects 12 Proposal Questionnaire 12 Instructions to Proposers 13 Project Scope Pro Staffing research of outsourcing payroll and tax responsibilities versus in-house or new software package to evaluate which process will better meet the needs of corporation in both cost and quality of services. The analysis shows the cost savings for the procurement average 31% less than in-house management either by current processes or new software. Risk/ liability for Federal Tax withholding and reports is moved to the vendor. Requirements The solution needs to provide minimal 1. Direct deposit or mail for employees and contractual workers regular payroll, bonus pay, and expense checks 2. Handle workers compensation payment 3. Payroll withholding 4. Payroll tax management 5. Knowledge of international payments to employees or contractors 6. Online payroll management by Pro Staffing 7. Web access with required registration access for previous W2 and payroll check information for up to five years 8. Documents should be printable or delivery by mail 9. Strict documented protocol...
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...Peacock Enterprise Marketing Plan Date prepared: April 6, 2014 Prepared by: Muhammad Akid Bin Ahmad Manager Peacock Enterprise SEGi University, Kota Damansara Table of Contents Content | Page | Executive Summary | 3 | Objectives | 4 | Environmental Scanning | 4-6 | The Marketing Plan | 7-9 | Marketing Plan | 9-11 | Financial Information | 12 | 1. EXECUTIVE SUMMARY Overall by the strong bonding of our teamwork, we manage to learn self-efficacy to manage a business without depending on others. We learned that effective marketing planning would boost the sales of our Peacock Enterprise. Besides that we manage to grasp a few marketing skills throughout 7 weeks by having booth sales, direct sales, online sales and credit sales. From this business, we were given a chance to discover our ability to stand out and promote our brand proudly to the customers. Even though we start up small, but we manage the see the progression of sales step by step. We realize that starting small is just the beginning; we will definitely go...
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...opportunities of Direct Foreign Investment in Bangladesh. It also identifies the overall direct foreign investment system in Bangladesh. Problems and opportunities of direct investment in Bangladesh follow the rules and regulation prescribed by the investment forum for schedule countries on companies. The functions of the country or company cover a wide range of investment and functional activities to individual, firms, corporate bodies and other multinational agencies. It is very important to the national economy as a whole because the expansion and condition of the company or firm affect the level of business activity through their effect on the nation’s money supply. The direct foreign investment extended its credit facilities to different sectors to diversify its credit portfolio in compliance with credit policies of direct investment of the foreign country such as Industrial, Housing, Contract work, Working capital for trades, manufacturing processing plants and export oriented industries and other business. Introduction This Century is” Century of Globalization of trade and economy”. The world is facing competition in marketing of the products in global market. In this circumstance the companies goes to investment, those has available capital to invest out side the country where they can get competitive advantages in terms of cost, Expansion of market, Raw materials. The countries have available work force, Natural resource or agro-products, expertise to attract the foreign investors...
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...Tallahassee BeanCounters Team Case Kaylee Cutler Charles Spiva Shauna Jones Background During a routine audit of Tallahassee BeanCounters, the team’s owner Franklin Kennedy asked if we would investigate further into the potential of a fraud occurring within the company. Mr. Kennedy stated that he received an anonymous tip and believes that based on the tip, fraud within the organization was occurring. A fraud examination was conducted and the findings from relevant documents and interviews are below. Executive Summary: The investigation started when Mr. Kennedy approached our team asking us to review documents to see if a potential fraud within the organization was occurring. Mr. Kennedy received an anonymous tip that potential asset misappropriation was occurring within Tallahassee BeanCounters. We began our investigation by reviewing different financial documents obtained from Tallahassee BeanCounters as well as information provided to us by others within the organization covering the period from April through July. We analyzed payroll documentation from Tallahassee BeanCounters and ADP, purchase orders, invoices, and shipping receipts for various equipment purchases. We examined concession purchases, and analyzed sales of tickets, parking, programs, concessions, and promotional activities to determine where assets presented evidence of misappropriation. After having reviewed and analyzed all documentation requested and received, we found that $6,913...
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...employees. There are restaurants with profits in mind and provide the same food and service while the Castle’s Family believes in family, partnerships and developing relationships with one another for a great customer service. Introduction The Castle’s Family Restaurant has eight restaurants in northern California with about 300-340 employees. Most of the employees are part time with about 40% of them full-time. This business plan is to determine strategies that will eliminate the Human Resource position from Jay Morgan, so that he can reduce his travel time to all eight locations and to develop an HR department for the restaurants. In addition, the business plan is to enable Jay Morgan to concentrate on his operation manager duties. Company Review The factors that cause many issues to the Castle’s Family restaurant business are having one individual with so many responsibilities. Therefore, hiring an HR manager to schedule, recruit, hire and assist the employees in their needs will help in creating order. In addition, the restaurant must hire an assistant to...
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...Opportunities CheckPoint The first position is for a Staff Accountant. The education requirement for this position is a Bachelor of Science in Accounting. The responsibilities of this position are as follows: supporting the Hard-line and Soft-line Stock ledger closing process, shortage reporting and analysis, assist in the month end or quarter end close consisting of journal entries, account analysis, bank schedules, and financial data uploads, ensure proper maintenance of Markdown Allowances, distribute copies of various reports to members of the department on a monthly basis, and maintain SOX control compliance, and participate in special projects required by senior management. The second position is for a Payroll Tax Accountant. The education requirement for this position is a Bachelor’s degree. The responsibilities for this position are as follows: quarter and year end tax reconciliations for multiple companies in multiple jurisdictions, understanding of tax requirements for inbound and out bound Internationals Assignees., prepare W2c’s for International Assignees, track amendment processing, upkeep of systematic tax issues on a pay to pay basis, analysis of ADP tax updates to determine employee changes, and keeping back up in logical filings and upkeep of the TAX900 issues directly affect the efficiency and accuracy of quarter end filing. The third position is for a Real Estate Accountant. The education requirement for this position is a Bachelor degree...
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...functional job analysis method was used to determine the appropriate combination of three essential elements: “(1) People (important interpersonal relationships on the job); (2) Data (obtaining, using, and transforming data in aid of job performance); (3) Things (physical machinery, resources and the environment)” (Belcourt, M., & McBey, K. J. (n.d.). Strategic Human Resources Planning (Fourth ed., 2010). “The Functional Job Analysis employs a series of written task statements each containing four essential elements: (1) a verb related to the task action being performed by the worker; (2) an object that refers to what is being acted on; (3) a description of equipment, tools, aids, and processes required for successful completion of the task; and (4) the outputs or results of task completion” (Belcourt, M., & McBey, K. J. (n.d.). Strategic Human Resources Planning (Fourth ed., 2010). Reason for Method Used The reason I chose the Functional Job Analysis as my method was due to its close ties with the USA government run DOT and Canada’s NOC. These close ties allowed for a secondary review of job descriptions already done in order to evaluate the job level that best suited my role. The main quality that attracted me to the Functional Job analysis was the simplicity of the implementation that would allow for the results to be easily replicated. Additionally, due to myself having minimal experience in the field of job analysis, the functional job analysis allows myself...
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...The Taka 1917.38 billion proposed budget for the forthcoming fiscal, 2012-13, is sized at 18.1 per cent of the country's gross domestic product (GDP) that is projected to do grow at 7.2 per cent during the year. There are challenges and risks, both domestic and external, that do provide some strong reasons for being not much optimistic at this stage about achieving this growth performance. That does not mean that the growth target itself is overambitious. The actual performance of the Bangladesh economy has otherwise been impressive over the past several years in a row, given the comparative picture of other low-income developing countries and the odds and difficulties, both exogenous and endogenous. But even this performance has been considered below the potential of Bangladesh. This is what the economists, analysts, development practitioners and all others, within and outside, have been stating about Bangladesh over the years. The growth rate, however, is not the sole indicator of 'socio-economic development' in its broad sense. But it unquestionably remains to be one of the important criteria for assessing the overall performance of an economy. The quality of growth -- its nature and dimension of inclusiveness, impact on social development indices concerning the state of education, health, nutrition and, thus, human resource development, income-distribution and employment-generation effects, poverty alleviation efforts etc. -- is also a pertinent point for consideration...
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...Canadian based technology business which originally started as a family computer company that has become an international provider of digital media in many different forms. The company operated in 3 Canadian provinces and has expanded its operations nationally and internationally through the acquisition of smaller firms of similar vision aimed at both the consumer and business markets. In conjunction with these acquisitions DDM has acquired a range of payroll processing methods, systems, pay cycles and reporting structures. Currently, 11 staff oversees the payroll delivery for 1,238 employees at 5 different site locations. DDM’s current business plan calls for all support operations to be centralized at the Head Office over the period of one year. The goal of this change is to sustain the expected growth of the company by reducing overhead costs for Payroll and Human Resources in each operational centre. CASE SUMMARY GUIDELINES: What are the issues in this case? Our objective is to determine the set up of a centralized payroll at the Head Office. To do this, the following existing payroll issues will have to be considered: 1. There are many payroll systems currently being used in the different operational centres (outsourced: ADP & Ceridian; in-house: Simply & ACCPAC; manually for management). Analysis of the situation: Using a mix of in-house systems and outsourcing partners in a large company operating in nine sites, can make it difficult for the head office to get visibility...
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...Dhaka Stock Exchange (DSE) stocks, which is a bullish market. However, investing in such a volatile market required good initial research, investment strategies, and a well-diversified portfolio .Since this was a three-phase project, some adjustments were made to offset market downturns and ultimately increase the portfolio value in our account. As the market was unpredictable, our strategies were focused on risk minimization as well as loss minimization by diversifying our portfolio & by observing other measurement tools like Sharpe ratios, Jensen alpha, correlations & others. In addition our portfolio management was not intensified into these formulas as we also considered some of our predictions about this volatile market & companies. 2. Objective: The main objective of our project is to build up strong investment strategies to cope up with this volatile market with maximizing after tax wealth. To do this we realized that diversifying our portfolio would be the best strategy & that’s why we tried to invest in more than ten industries so that downturn in one sector can be offset by the rise in another sectors stock return. Therefore, while determining our investment mix, we allocated our asset among investments in various industries. Thus, in our asset allocation process, we included investments from industries such as bank, steel, textile, and, pharmaceutical those were correlated with each other negatively. 3. Asset Allocation: * Phase 01: For our project’s...
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