...TOPICS IN MANAGEMENT ACCOUNTING AMIS 4310 Topics/Case Descriptions Measuring Product Costs Case: Seligram, Inc.: Electronic Testing Operations Case Description: Explores the obsolescence of a cost system when technology changes. In particular, it asks students to increase the number of cost centers and allocation bases. The firm moves from a one-center, direct labor-hour system to a three-center, direct labor-hour and machine-hour systems. In addition, the case demonstrates how cost systems can induce subtle and not so subtle shifts in the strategy of the firm. In particular, we see how certain businesses are made to look inappropriately attractive or unattractive. Cost Behavior, Capacity Analysis and the Downward Demand Spiral Case: Bridgeton Industries: Automotive Component & Fabrication Plant Case Description: Bridgeton Industries was experiencing reduced sales. To become more competitive it introduced a classification procedure for products based upon their productivity and other factors. Products were classified into three groups: world class, potentially world class, and non-world class. The firm outsources the non-world class products. This outsourcing causes the costs on the remaining products to increase because some fixed costs associated with the outsourced products did not go away. These residual costs caused more products to become non-world class and hence candidates for outsourcing...
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...Project Management Module Saturday 8/8/2015 By: Suhiab Al-Khawaldah Case Study 3.2: Project Selection at Nova Western, Inc. The case is all about to choose one of two projects while the models that have been used gave a different recommendations with considering “a large developer of business software and application programs, had been experiencing a downturn in operating revenues over the past three quarters” Questions: 1. Phyllis has called you into her office to help her make sense of the contradictions in project evaluation. How would you explain the reasons for this divergence of opinion from one technique to the next? What are the strengths and weaknesses of each screening method? The main reason of the divergence in Score model and NPV refers to the type of each model where the score model is a non-financial and the NPV is a financial screening method. Therefore and firstly I would say that using only these two methods is insufficient and second, I would suggest to Ms. Phyllis to use another type of screening methods such as The Analytical Hierarchy Process or the IRR to give us more accurate alternative methods. Although that scoring model is easier to use in tying critical strategic goals for the company and easy to understand and comprehend; it has few disadvantages of as the following: 1- The scaling from 1 to 3 is a guesswork which is basically not very accurate. 2- We do not know by how much is the category is better than the other, as number...
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...Navistar Case Table of Contents Executive Summary Part 1 Executive Summary Issues Identification Part 2 Issues Identification Environmental & Root Cause Analysis Part 3 Environmental & Root Cause Analysis Alternatives and/or Options Part 4 Alternatives Recommendation Part 5 Recommendations Implementation Part 6 Implementation Plan Monitor & Control Part 7 Monitor and Control Part 8 Conclusion Part 1 Executive Summary Navistar was a worldwide leader in the manufacturing medium and heavy trucks for 17 consecutive years in the North America market. Navistar’s premium conventional trucks were produced at the Chatham assembly plant, which had almost 14 years experience in producing Navistar’s premium line since 1983. Navistar had forecasted increased industry demand for heavy and medium trucks in 1998. Especially, the Chatham assembly plant’s customers had strict requirements to the truck’s quality and delivery date. As the assembly supervisor in Chatham, Andy Ramsz encountered the interior trim quality and delivery problem for the truck. Andy had begun to gather data on the interior trim supply problem and he got the crucial reasons for these problems occurred. These reasons absolutely affected the Navistar’s internal supply process, increased the extra cost as well as reduced the efficiency of the supply management. According to the reasons identified for the trim supply problem, my decision is to set up the improved procedure focused on...
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...A professor also has the responsibility of making tests and assignments to evaluate students understanding and knowledge of the concepts of the course information. The assignments should help students understand components of the course and learn new interesting information on certain topics. The tests, which are made by the professor, should be based off of the information taught in class and should not have new information that the students have not learned before. The key duty of the professor is to help students learn the content of the course and provide them with the necessary tools for them to succeed. Everyone will have a different definition of the ideal university professor. In my opinion through the university experience, a professor's job is to teach and research. Teaching and researching to me are the professor's two key duties. Majority of college professors have a Ph.D. Holding a Ph.D., many can say that the professor is an expert in his field. With all the material the professor has learned in his education, he then teaches it to the students in the lecture, so that the information is "carried on". Professor's job is definitely not easy and very time-consuming, finding material, setting up a presentation, find textbook questions, etc. Researching is another important duty for the professor to complete. With his/her vast knowledge, the professor can find new information using present-day material. To me, there are two mandatory...
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...Management Information Systems, 12E Laudon & Laudon Lecture Files by Barbara J. Ellestad Chapter 1 Information Systems in Global Business Today Computers are changing every aspect of our lives from entertainment to shopping, from the work we do and where we do it, to how we communicate with friends and relatives. Networking technologies are pervading almost everything we do professionally, socially, and recreationally. As you can see from the opening case in the text, many companies are remodeling their businesses and information systems with the Internet in mind. It has become more important than ever for you to understand not just how technology works but also how current and future advances affect your work life. 1.1 The Role of Information Systems in Business Today Ask managers to describe their most important resources and they’ll list money, equipment, materials, and people — not necessarily in that order. It’s very unusual for managers to consider information an important resource, and yet it is. As electronic business and electronic commerce grow in popularity and more firms digitize their operations, having useful information is becoming even more important to the global business community. This chapter gives you an overview of many of the subjects we’ll touch on in this course. It will help you understand how all firms today, large and small, local and global, use information systems to achieve important business objectives, such as operational...
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...TEMKO Earthmovers Introduction/Summary Temko Earthmovers is a company that purchases short-block castings. These castings are used to build there R-208 tractor engines. The short-block castings are the major component for building these engines and are responsible for thirteen percent of the purchase price. Temko Earthmovers is currently experiencing Quality issues with their current supplier regarding these castings. Approximately 10 out of 100 units are being repaired and 40 percent of the blocks are being scrapped. This is causing Temko a lot of time and money in trying to repair these defective parts, so Temko’s purchasing manager has released a request for quote for the short block castings. Unfortunately they only had one supplier who was interested that came back with an offer. The supplier that came back with the offer is ACE Manufacturing Inc. ACE is a small start-up company that is looking for work and is willing to invest their time and money in purchasing the precision machinery that will have to be used to make this part for Temko. Could Temko be the right company, to get ACE Manufacturing up and going? And could this supplier be the right fit for Temko in eliminating there future defective issues as well as save the company money? Advantages and Dis-Advantages in Single/Sole Sourcing Advantages * Increased co-operation and communication which improves a win-win relationship between buyers and sellers (This was strongly emphasized in the first video...
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...MR OSWIN NANGULA PO BOX 4540,WINDHOEK. 0812316394 onangula@polytechnic.edu.na / oswindoexido@gmail.com 12 November 2015 The Head: Lingua International Training College P.O. Box 50097 Bachbrecht Windhoek Dear Sir/Madam APPLICATION FOR LECTURER POSITION: INDUSTRIAL RELATIONS, OFFICE PROCEDURES AND SECRETARIAL PUBLIC RELATIONS (PART-TIME) With reference to the vacancy notice in the Namibian Newspaper (03 November 2015), inviting candidates to apply for the above mentioned position, this letter serves to show my authentic interest for this position. I am interested in the field of Office Administration; hence my academic career directed me in the aforesaid career path. Being a part and graduate of the Polytechnic of Namibia in the School of Management, in the department of Office Management and Technology. I have acquired broad knowledge in the field of Secretarial studies, Office and Information Administration. During my studies at the Polytechnic of Namibia, I use to help and tutor other students who were struggling with some of the courses under our curriculum. This is when I developed the passion for teaching. The opportunity of teaching at your institution will enable me to demonstrate my talent and gain more teaching skills. I obtained a National Certificate in Information Administration, a National Diploma in Office Management and Technology and the Bachelor of Office Management and Technology respectively from the Polytechnic of Namibia...
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...Narmin Ahmadli MBA2016 Starnes – Brenner Machine Tool Company: To bribe or not to bribe? 1) Frank’s doing in Latino is not ethical. In Latino bribe is the part of business. If you don’t bribe you cannot survive here. Companies from other countries as Germany, Italy and Japan accepted it. But ethically businesses should participate in an economy, they should also attempt to change this economy into more honest and fair economy. In that situation, Frank’s doing is unethical because instead of giving bribe he should try to change business environment. “Other countries do it as well” doesn’t make him free from his ethical obligation. 2) The Foreign Corrupt Practices Act prohibits American executives and firms from paying bribes to officials of foreign countries. So both payments are illegal. 3) First bribe which paying to the government official is extortion. Frank was obligated to pay this amount of money under that situation. It was lawfully, because the government official wanted this money for adjusting their defects of the machines. In the USA it is legally wrong, but in Latino it is only morally wrong. But everything is legally here. Second bribe which paying to the dockworkers is lubrication. He paid small cash of money to dock workers to expedite them. 4) There are different things. Big dinners are the place where the companies get business transactions. It is something doing without the expectation. Bribe is given in the hope of benefit or doing illegally something....
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...CHAPTER TWO LITERATURE REVIEW 2.0 Introduction This chapter reviews literature related to this study. This was done with the expectation that relevant information would be obtained to help shape and enrich the study, knowledge of what has been done on this topic is important in helping to clarify issues. The following topics were reviewed for the study; definition of loan, definition of SME, general principles of lending, loan monitoring and control, access to credit as well as repayment performance: theory and practice. 2.1 Definition of loan A loan is a type of debt like all debt instruments, a loan entrails the redistribution of financial assets over time, between the lender and the borrower. The borrower initially receives an amount of money from the lender which they pay back, using but not always in regular installment. Types of loans There are many different types of loans you can take out. When you are looking to borrow money, it’s important that you know your options. i. Open-ended loans: they are loans that you can borrow over and over again. Credit cards and lines of credit are the most common types of open-ended loans. With both of these loans, you have a credit limit that you can purchase against. Each time you make a purchase, your available credit decreases. As you make payments, your available increases allowing you to use the same credit over and over. ii. Closed-ended loans: this cannot be borrowed once they have been repaid. As you make payments on...
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...EDGARD E. RUIZ 631 SW 111 Lane, Apt # 308, Pembroke Pines, FL 33025 954 – 330 – 2613 edgard.ruiz@gmail.com EDUCATION Master of Science, MBA in Finance and Financial Markers San Pablo CEU University, Madrid, Spain, 2004 - 2005. Bachelor of Science, Business Administration in International Business and Finance Sergio Arboleda University, Bogotá, Colombia, 1999 - 2004. International Year School, Advance English Anglo World Education, Cambridge, England, 1997 – 1998 PROFILE • Senior Accounting Analyst (Bilingual Professional –Spanish/English). • SAP end user expert. • Possess outstanding record of achievement in back office, operational profitability, business process development, reports, expense control, SAP implementation, policy and procedure development, forecasts, balance sheets, income statements , annual budgets, continuous quality improvement and personnel management, with advanced skills in all aspects of finance and operations involving: |Cross functional teams |Treasury management |Team leadership | |Import/Export |Operating/strategic planning |Market Analysis | |Organizational development |Analysis and Reconciliations |International markets | |Financial management |Analytical...
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...feProfessional Standards for Teachers and Trainers in Education and Training – England Introduction Teachers and trainers are reflective and enquiring practitioners who think critically about their own educational assumptions, values and practice in the context of a changing contemporary and educational world. They draw on relevant research as part of evidence-based practice. They act with honesty and integrity to maintain high standards of ethics and professional behaviour in support of learners and their expectations. Professional skills Professional values and attributes Professional knowledge and understanding Teachers and trainers are ‘dual professionals’; they are both subject and/or vocational specialists and experts in teaching and learning. They are committed to maintaining and developing their expertise in both aspects of their role to ensure the best outcomes for their learners. These expectations of teachers and trainers underpin the 2014 professional standards, with their overall purpose being to support teachers and trainers to maintain and improve standards of teaching and learning, and outcomes for learners. The professional standards are set across three sections each of equal importance: each links to and supports the other sections. The 2014 professional standards: • set out clear expectations of effective practice in Education and Training; • enable teachers and trainers to identify areas for their own professional development; ...
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...What is the problem? Leo Antonelli owns a single theater with four screens in West Texas. While Mr. Antonelli owns the theater, he does not manage it. Mr. Antonelli, who was concerned about the profitability of the theater, engaged the services of a local accounting professor to observe the processes at the theater and report on the effectiveness of the internal controls in place. The analysis and recommendations presented below are based on the internal control report. Question 1. Where is the theater’s control system lacking? Are the controls themselves weak or incomplete, or are the theater’s problems caused primarily because of lack of discipline in using the existing controls? Leo’s Four-Plex has four internal controls in place. These controls are presented in Table 1. Even though there are internal controls in place, the controls are not rigorously applied and are insufficient to control the flow of cash in the theater. Mr. Antonelli asked a local accounting instructor, Mr. Cockerill, to observe the theater and provide comments. Table 2 presents the internal controls in place and Mr. Cockerill’s findings. Question 2. What control improvements would you suggest for Leo’s Four-Plex? I suggest some definite and immediate changes be made to the internal control of cash at Leo’s Four-Plex Theaters. The most obvious deficiency is the focus on non-monetary controls. There are three internal controls devised to make sure that customers see the movie they paid for (color-coded...
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...Gen/200 Nickole Mingo 07/2/2010 Debra Wenzel analogy I decided to write on “The American Correctional Association (ACA)” I chose this organization because I was a member when I was a correctional officer. This organization helps officers deal with everyday life behind bars. It teaches us how and what steps to take when dealing with inmates and other correctional officers. As an officer of the criminal justice system we are held to certain standards amongst the community and profession. Like any other position in this field we must deal with certain individuals that by law was convicted of some serious crimes. Being a correctional officer, we are not there to be judge, jury and executioner of the person that was convicted. Our job is to enforce certain rules and regulations while they are incarcerated. Another part of our job is to provide a safe and secure place for both inmates and there visitors. If an inmate breaks the rules set forth by the Department of Corrections, that inmate will be subjected to either additional time in prison for his offense, sent to another jail and/or solitary confinement. This organization is the American Correctional Association (ACA). The ACA is an organization that it’s members are dedicated to serving in the prison system, provide a expert union for all individuals and groups, both public and private that share a universal goal of humanizing the justice system. It is the umbrella organization for all areas of...
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...3) How, in accounting terms, did the manipulation of HealthSouth’s financial statements take place? • This manipulation primarily consisted of reducing a contra revenue account, called “contractual adjustment” in accounting terms, which is decreasing expenses and correspondingly increasing assets or decreasing liabilities, either of which increased earnings. • The contractual adjustment is a revenue allowance account that estimates the difference between the gross amount billed to the patient and the amount that various healthcare insurers will pay for a specific treatment, where this in reality never to be received by HealthSouth. • HealthSouth falsified its fixed asset accounts at a numerous of its facilities to match the fictitious adjustments to the income statement. The fictitious fixed asset line item at each facility was listed as “AP Summary”. • HealthSouth accounting personnel designed the false entries to the income statement and balance sheet accounts to avoid detection by auditors. For example, instead of increasing revenue account directly, HRC inflated earnings by decreasing the “contractual adjustment” account. 4) Why did all the people who knew about the manipulation keep quiet? • The two whistle-blowers in the accounting fraud at HealthSouth (Bill Owens and Weston Smith) got the stiffest sentence for any executive involved in the fraud. Owens, who was among the first to blow the whistle and who testified against former...
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...2 THE LOSS OF THE CREATURE EVERY EXPLORER NAMES his island Formosa, beautiful. To him it is beautiful because, being first, he has access to it and can see it for what it is. But to no one else is it ever as beautiful--except the rare man who manages to recover it, who knows that it has to be recovered. Garcia Lopez de Cardenas discovered the Grand Canyon and was amazed at the sight. It can be imagined: One crosses miles of desert, breaks through the mesquite, and there it is at one's feet. Later the government set the place aside as a national park, hoping to pass along to millions the experience of Cardenas. Does not one see the same sight from the Bright Angel Lodge that Cardenas saw? The assumption is that the Grand Canyon is a remarkably interesting and beautiful place and that if it had a certain value P for Cardenas, the same value P may be transmitted to any number of sightseers-just as Banting's discovery of insulin can be transmitted to any number of diabetics. A counterinfluence is at work, how- ever, and it would be nearer the truth to say that if the place is see? by a million sightseers, a single sightseer does not receive value p but a millionth part of value P . It is assumed that since the Grand Canyon has the fixed interest value P, tours can be organized for any number of people. A man in Boston decides to spend his vacation at the Grand Canyon. He-- visits his travel bureau, looks at the folder, signs up for a two-week tour. He and his family take the tour...
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