...Introduction 1.1 Company Background Akademi Teknikal Laut Malaysia (ATLAM) was establish on 15 August 1991 but then subsequently privatized on 1st January 1997. It is located in Melaka and Terengganu. ATLAM’s vision is to be a leader in maritime education and training, while its mission is to facilitate value added learning via a conducive environment and offer services to its clients. ATLAM revamped its Information Technology (IT) facilities in 2000. Before 2001, ATLAM relied on a customized single-user system bought from a vendor. The desktop computers (PCs) were only used to enter accounting entry but had not been functioned to produce financial report. Consequently, ATLAM needed to look for alternative to upgrade its accounting system. On December 2001, the management of ATLAM had been asking to upgrade its accounting system with the PETRA group-wide Systems, Applications and Products (SAP) system. It is an incorporated business applications package that covered most function of an organization. There are some factors to look into the company especially on IT infrastructure, accounting system and acceptance the new system for ATLAM staff. Mr. Zulkifli Osman, as the Finance Manager since 1995, had to critically assess the risks associated with the decision of whether changing to SAP system suggested by PETRA Group or ACCPAC System suggested by Mr. Lim (User Representative). The issues and solution The major problem faced by ATLAM was not the cost of implementing...
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...Case study: When radiation therapy kills When new expensive medical therapies come along, promising to cure people of illness, one would think that the manufacturers, doctors,and technicians, along with the hospitals and state oversight agencies, would take extreme caution in their application and use. Often this is not the case. Contemporary radiation therapy offers a good example of society failing to anticipate and control the negative impacts of a technology powerful enough to kill people. For individuals and their families suffering through a battle with cancer, technical advancements in radiation treatment represent hope and a chance for a healthy, cancer-free life. But when these highly complex machines used to treat cancers go awry or when nedical technicians and doctors fail to follow proper safety procedures, it results in suffering worse than ailments radication aims to cure. A litany of horror stories underscore the consequences when hospitals fail to provide safe radiation treatment to cancer patients. In many of these horror stories, poor software design, poor human-machine interfaces and lack of proper training are root causes of the problems. The deaths of Scott Jerome-Parks and Alexandra Jn-Charles, both patients of New york City hospitals, are prime examples of radiation treatments going awry. Jerome-Parks worked in southern Manhattan near the side of the World Trade Center attacks, and suspected that the tongue cancer he developed later was related to...
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...Building Data Science Teams The Skills, Tools, and Perspectives Behind Great Data Science Groups DJ Patil THE SIMPLEST WAY TO BRING MapReduce and SQL www.asterdata.com Optimized in One Database Appliance Everyone knows data is the new black. The Aster MapReduce Analytics Portfolio enables customers to quickly make use of their data for actionable insights, analysis and product innovation. - Jonathan Goldman, Director of Analytics, Teradata Aster (and former Principal Data Scientist at LinkedIn) Learn More www.Asterdata.com/MapReduce Change the world with data. We’ll show you how. strataconf.com Sep 25 – 27, 2013 Boston, MA Oct 28 – 30, 2013 New York, NY Nov 11 – 13, 2013 London, England ©2013 O’Reilly Media, Inc. O’Reilly logo is a registered trademark of O’Reilly Media, Inc. 13110 Building Data Science Teams DJ Patil Beijing • Cambridge • Farnham • Köln • Sebastopol • Tokyo Building Data Science Teams by DJ Patil Copyright © 2011 O’Reilly Media. All rights reserved. Printed in the United States of America. Published by O’Reilly Media, Inc., 1005 Gravenstein Highway North, Sebastopol, CA 95472. O’Reilly books may be purchased for educational, business, or sales promotional use. Online editions are also available for most titles (http://my.safaribookson line.com). For more information, contact our corporate/institutional sales department: (800) 998-9938 or corporate@oreilly.com. Editor: Mike Loukides Printing History: Many...
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...Иностранный язык профессионального общения Маркетинг 3 курс.Модуль 1. Internatinal Marketing Case Study The case study below exemplifies a contrast between two working cultures: Canadian and Taiwanese. Read the text and the list of possible actions. Then make recommendations as to what the Canadian should do choosing from the list below, ranking them in order of priority, adding any other actions you think necessary. Dave Thompson is a Canadian working for a ‘Baby Bell’ company which owns shares in a Taiwanese mobile phone company. They have recently acquired a license to operate in this crowded and competitive market. Dave has been posted to Taiwan on a three-year contract. He now has been living there for three months. He has good experience of the mobile phone business, both technically and strategically, and was previously involved in the start-up of a new mobile company in Lithuania. He believes he has the opportunity to make the new company a great success by adopting the management style of his home company: open, innovative, confident and aggressive. In Taiwan he faces a tradition based on Chinese hierarchies and family-run businesses. The Taiwanese company Dave works for belongs to one of these families, but the current generation sees the advantages of a western approach in what is for them a new kind of business. So they back his efforts to ‘turn the company around’. Dave’s biggest problem is one of time: he wants to get on with building up a western-style...
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...BGB2033/BAGB2033 CORPORATE SOCIAL POLICY CASE STUDY (30%) For this assignment, you are required to submit a written report based on the following case study: Case Study 1 (15%) – Kimpton Hotels’ EarthCare Program Case Study 2 (15%) – The Collapse of Enron You may download both case studies (in PDF format) through course announcement in VOISS/CMS. Requirements: • Prepare a one-page summary highlighting on the major issues in both case studies • Answer ALL questions at the end of both case studies. You will be graded based on your research efforts, originality, contents, and written report. A good paper must also have the following criteria: • type-written and double-spaced • font: Times new roman/ Arial/ Tahoma/ Calibri. Size: 11-12 • well-bind with title, table of contents, work citation and bibliography • exceeding 10 pages but not more than 20 pages This assignment must be submitted in hardcopy. The due date for this assignment is on the 31st July 2012. ACADEMIC HONESTY PLEASE NOTE THAT PLAGIARISM, CHEATING AND OTHER FORMS OF ACADEMIC DISHONESTY ARE PROHIBITED. PLAGIARISM REFERS TO THE USE OF MATERIALS FROM BOOKS, NOTES AND OTHER SOURCES, IN STUDENT’S WRITTEN WORK, WITHOUT DUE CREDIT TO THE SOURCES USED; IT IS THE PRESENTATION OF MATERIALS AS IF THESE ARE THE STUDENT’S OWN. CHEATING REFERS TO SECURING OR GIVING HELP IN A TEST, UNAUTHORIZED COPYING OF TESTS, ASSIGNMENTS, REPORTS, TERM PAPER ETC. PLEASE USE YOUR OWN IDEAS/WORDS AS MUCH...
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...International Research Journal of Finance and Economics ISSN 1450-2887 Issue 47 (2010) © EuroJournals Publishing, Inc. 2010 http://www.eurojournals.com/finance.htm Working Capital Management and Corporate Performance of Manufacturing Sector in Pakistan Abdul Raheman PhD Scholar, Department of Management Sciences, COMSATS Islamabad & Asst. Professor, University Institute of Management Sciences PMAS-Arid Agri. University Rawalpindi E-mail: abdulrehman@uaar.edu.pk Talat Afza Professor & Dean, Faculty of Management Sciences, COMSATS Lahore, Pakistan E-mail: talatafza@ciitlahore.edu.pk Abdul Qayyum Professor / Registrar, Pakistan Institute of Development Economics, Islamabad E-mail: abdulqayyum@pide.org.pk Mahmood Ahmed Bodla Professor & Director, COMSATS Sahiwal, Pakistan E-mail: director@ciitsahiwal.edu.pk Abstract Working capital management plays a significant role in better performance of manufacturing firms. This paper analyzes the impact of working capital management on firm’s performance in Pakistan for the period 1998 to 2007. For this purpose, balanced panel data of 204 manufacturing firms is used which are listed on Karachi Stock Exchange. The results indicate that the cash conversion cycle, net trade cycle and inventory turnover in days are significantly affecting the performance of the firms. The manufacturing firms are in general facing problems with their collection and payment policies. Moreover, the financial leverage, sales growth and...
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...Electrochemistry Electrochemistry is a branch of chemistry that studies chemical reactions which take place in a solution at the interface of an electron conductor (the electrode: a metal or a semiconductor) and an ionic conductor (the electrolyte). These reactions involve electron transfer between the electrode and the electrolyte or species in solution. If a chemical reaction is driven by an externally applied voltage, as in electrolysis, or if a voltage is created by a chemical reaction as in a battery, it is an electrochemical reaction. In contrast, chemical reactions where electrons are transferred between molecules are called oxidation-reduction (redox) reactions. In general, electrochemistry deals with situations where redox reactions are separated in space or time, connected by an external electric circuit. Principles Oxidation and reduction The term "redox" stands for reduction-oxidation. It refers to electrochemical processes involving electron transfer to or from a molecule or ion changing its oxidation state. This reaction can occur through the application of an external voltage or through the release of chemical energy. Oxidation and reduction describe the change of oxidation state that takes place in the atoms, ions or molecules involved in an electrochemical reaction. Formally, oxidation state is the hypothetical charge that an atom would have if all bonds to atoms of different elements were 100% ionic. An atom or ion that gives up an electron to another atom or...
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...Issues of Financial Reporting Case Study Air Canada: Bond Ratings and Off-Balance Sheet Operating Leases Prepared by: Sidra Manzoor Wajeeha Masood Sidra Waseem Nuzhat Gul BBA-MBA-8 Faculty of Management Sciences International Islamic University, Islamabad. Prepared for: Ma’am Najam-us-Saher Faculty of Management Sciences International Islamic University, Islamabad. CASE STUDY Air Canada: Bond Ratings And Off-Balance Sheet Operating Leases Question #1 How should the operating lease be treated in the assessment of quality of firm’s bonds? Answer A rating agency assigns a bond to a rating category. The standard and poor’s publishes an internet version of Corporate Ratings Criteria. The process is based on an analytical framework that considers both qualitative and quantitative issues. The process begins by assessing the issuer’s competitive position and operating environment and then using the company’s business risk profile to determine the level of financial risk appropriate for any rating category. Financial risk is basically assessed financial ratios and these ratios are used to assess, a company’s profitability, interest coverage, leverages and cash flow adequacy. Before analyzing ratios, a general assessment of the accountability quality of the financial statements is conducted. A number of accounting issues reviewed such as the off-balance sheet liabilities such as operating leases. Adjustments for it are made to ensure that the companies are...
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...What role, if any, does work/life balance play in the success of an organization? Explain. Work-life balance is one of the most important issues facing employers and managers today. Employees at all levels are no longer willing to trade their quality of life in order to get a decent standard of living. Work/life plays a vital role in success of an organization. Work–life balance is having enough time for work and enough to have a life thus the work life balance. Baxter gives this facility to their employees. The employees mange their time in their life as well as their work, in this case the organization has no objection with their employees and vice versa. How does diversity in an organization affect the organization’s work/life balance? What ethical considerations exist that may drive the organization to be more work/life balanced? In the business world, the term "organizational diversity" refers to the concept of hiring many different kinds of people with as many different backgrounds and experience as possible. Work/life balance is part of the culture at Baxter. Managers and employees share responsibility in managing the daily demands of a career and family and are provided with a guidebook that encourages discussion and problem-solving strategies for work/life conflicts. In Baxter most of employees are not belong to one culture but they all share their problems with each other. How can organizations develop a culture that supports work/ life balance? In an...
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...12 of 19 Mystery of-disappearing-oil 4,783 views * Share * Like * Download Cik Liana Omar Follow 1 6 0 Published on Dec 2, 2014 maf680 ... Published in: Education ------------------------------------------------- 0 Comments ------------------------------------------------- 4 Likes ------------------------------------------------- Statistics ------------------------------------------------- Notes ------------------------------------------------- Top of Form Post Bottom of Form * Be the first to comment Mystery of-disappearing-oil 1. 1. In our opinion we think that the possibility of Jamel short-changinng is high. We have indentified the fraud symptoms as below: 1. Unusual behaviour - Jamel’s body language Unusual behaviour is seen through an individual's recognizable behaviour pattern to attempt to cope with the stress. The guilty leads to fear; fear leads to stress; and stress leads to behaviour changes. Research in psychology reveals that when a person, especially a first-time offender, commits a crime, he or she becomes engulfed by emotions of fear and guilt. Those emotions cause the individual to experience a significant amount of stress, and in order to cope with the stress, the individual will exhibit unusual and recognizable behaviour patterns. In this case, Jamel’s behaviour is very suspicious. First, body language such as the facial expressions and body posture can show people emotion and thinking especially...
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...AFF3431 Performance Measurement and Control Case study Analysis ------------------------------------------------- ------------------------------------------------- From your reading of the case describe the issue(s) or problem(s) which should be the focus of your case analysis. ------------------------------------------------- All of the physician groups would need to earn a surplus on the basis of the revenue generated from their outpatient visits only. Problem: BMA has never tried billed for their time before; therefore they are not even sure this time if they are using the right approach. The overhead budget is not completely certain. Identify any principles, theoretical framework or relevant theories that can be applied to the case. Line – item budgeting Responsibility centre What is the qualitative evidence that is relevant to the issue(s) or problem(s) identified above? BMA has never tried time billing before. Dr King commented: this method is pretty daunting and it is not something that Gordon has done before therefore they are both struggling a little. The overhead budget is not completely certain as the figures totally depend on the formulas from Coos Bay’s cost allocation system. Physician’s base salary would based on his or her expected revenue, what if he or she deliberately set the salary up to an unachievable amount. All inpatient revenue from both hospital and physician billings would be retained by the hospital, and only a portion of...
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...IMPORTANCE AND CURRENT ISSUES OF DECISION SUPPORT SYSTEM Cynthia P. C. Lee Abstract This paper emphasized on the Decision Support System (DSS) defined in various ways depending upon the author’s point of view by Turban (1995), Little (1970), Moore and Chang (1980), Keen (1980), and Power (1997); history of DSS during late 1950s and early 1960s until millennium approached of Web-based analytical applications; the Decision support system (DSS) has been used in many different ways (Alter 1980, Power, 2002). Turban (1995) defines it as "an interactive, flexible, and adaptable computerbased information system, especially developed for supporting the solution of a nonstructured management problem for improved decision making. It utilizes data, provides an easy-to-use interface, and allows for the decision maker's own insights." For Little (1970), a DSS is a "model-based set of procedures for processing data and judgments to assist a manager in his decision-making." Moore and Chang (1980) define DSS as extendible systems capable of supporting ad hoc data analysis and decision modeling, oriented toward future planning, and used at irregular, unplanned intervals. importance of DSS to assist in high-level decision-making, assist academic advising staff, improve the quality and timeliness of marketing decisions, and medical diagnosis process; and current issues of DSS where decision-making as the most important activities for human beings, Clinical Decision Support Systems...
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...Case Study: Snyder's of Hanover: New Systems for an Old Family Company Harry V. Warehime began tempting the taste buds of southern Pennsylvanians with his Hanover Olde Tyme Pretzels in 1909. Since then, Snyder's of Hanover, as the company came to be known, has expanded its business beyond any scope that its founder might have dared to imagine. Snyder's of Hanover remains a family-owned and family-run company, but it has become the world's second largest pretzel maker, with 12.1 percent of the pretzel market. Snyder's pretzel and chip varieties include Old Tyme Pretzels, Jalapeno Pieces, Butter Snaps, and EatSmart All Natural Veggie Crisps, as well as other popular snacks. In 2002, Snyder's posted revenues of $164 million, trailing only Rold Gold, the reigning champion of the pretzel industry. In addition to manufacturing its complete line of snack foods, Snyder's distributes its own products, as well as those of other snack food companies such as Tasty Baking Company's Tastykakes. With 40 distribution facilities all over the United States and Europe, over 4,500 products, and over 150 product lines, the home office in Hanover, Pennsylvania, has a considerable amount of data to manage. If there was one last vestige of old-fashioned business left at Snyder's, it was the company's method of managing and analyzing data. Although Snyder's sells more than 78 million bags of pretzels, chips, and organic snack items each year, some of its core systems were still heavily manual and paper-based...
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...SYLLABUS INDIAN BUSINESS ENIRONMENT MBA–2nd SEMESTER, M.D.U., ROHTAK External Marks : 70 Time : 3 hrs. Internal Marks : 30 UNIT-I Nature, components and determinatnts of business environment; basic nature of Indian economic system; relation size and growth of public and private corporate sector, social responsibility of business; broad features of India's now economic policy. UNIT-II Trend and pattern of industrial growth; review of industrial policy developments; industrial licensing policy; liberalisation of the private sector; trends and issues in corporate management; growth and problems of the small scale sector; public sector reforms and privatisation the problem of industrial sickness; MRTP Act, SICA and Industrial Disputes Act. UNIT-III Development banks for corporate Sector (IDBI, IFCI, ICICI) - trends pattern and policy; regulation of stock exchanges and the role of SEBI; banking sector reforms, challenges facing public sector banks; growth and changing structure of non bank financial institutions; problem of non performing assets in Indian Banks. UNIT-IV Trend and pattern of India's foreign trade and balance of payments; latest EXIM policy-main features; policy towards foreign direct investment; globalisation trends in Indian economy; role of MNC's; India's policy commitments to multilateral insitiutions - IMF, World Bank and WTO. NOTE : The question paper will be set by the external examiners. The external examiner will set 8 questions...
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...TBP 4322 Definition of financial system A financial system can be defined at the global, regional or firm specific level. The firm's financial system is the set of implemented procedures that track the financial activities of the company. On a regional scale, the financial system is the system that enables lenders and borrowers to exchange funds. The global financial system is basically a broader regional system that encompasses all financial institutions, borrowers and lenders within the global economy. The financial system in Sri Lanka comprises the major financial institutions, namely the Central Bank of Sri Lanka, Licensed Commercial Banks (LCBs), Licensed Specialized Banks (LSBs), Licensed Finance Companies (LFCs), Specialized Leasing Companies (SLCs), Primary Dealers (PDs), Pension and Provident Funds, Insurance Companies, Rural Banks, Stock Brokers, Securities Market Intermediaries, Unit Trusts and Thrift and Credit Co-operative Societies; the major financial markets, such as the Foreign Exchange Market, Money Market, Capital Market and the informal financial market; and the financial infrastructure which is the legal framework related to the financial system and the payment and settlement. The nature of the financial institutions The banking sector in Sri Lanka, which comprises LCBs and LSBs, dominates the financial system and accounted for 58 per cent of the total assets of the financial system as at end December 2013. Banks play a central role within the financial...
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