...Accrual versus Cash Basis Accounting Sandra Fletcher ACC/290 March 6th, 2012 Bryan Carey Accrual versus Cash Basis Accounting Commercial accounting and general accepted accounting principles, generally prescribe the accrual basis of accounting over the cash basis. Because there are many benefits of the accrual basis accounting including, forecasting and invoices recognition this method is most used. Accrual basis accounting means a company recognizes revenue when earned while cash is still pending or not yet received. The matching principle is used to recognize expenses when incurred even when the cash is not yet received. Under the cash basis accounting, companies record revenue only when the cash is received and record expenses only when the cash is paid out. The cash basis of accounting is prohibited under the generally accepted accounting principles because it does not record revenue when revenue is earned. In response this violates the revenue recognition principle and it does not record expenses when incurred, in turn violates the matching principle. Timing plays a large role in these practices. One key method of accounting is recognizing income and expenses. The basic difference between cash and accrual methods of accounting is related to when the revenue and expenses are recognized. Cash basis recognizes revenue when money comes in and recognizes expenses when money is paid out. Cash basis doesn’t recognize accounts receivable or payable. Hence, the difference...
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...Jianghuai Automobile Corporation Limited (JAC Motors) Arai Arai Ashok Leyland Limited Ashok Leyland Limited Manish PADHARIA Pankaj GAUTAM Shibu APPUNNI Shekhar DRAVID Anand PATIL Devender KUMAR N C AGARWAL David JACKSON Suresh WILLIAMS Anurag KHARGONKAR Dhananjay KALE Jitendra JASANI Shamprasad PONKSHE Vivek SONAR K Chandra SEKHAR K Venkat RAO S Ravindra BABU Henry XIA Jack ZHANG Jina KANG Jina KANG D J KULKARNI M R SARAF Hitesh SHARMA Nitin KARULKAR Managing Director Area Manager Assistant Manager – Business Development Vice President - Business Development Assistant General Manager - Marketing General Manager (Marketing) President and Chief Executive Officer Director Business Development, Transport SBU Director (Marketing and Development) Vendor Development Deputy Manager Assistant General Manager Executive Vice President Senior General Manager Chief Mechanical Engineer Works Manager Chief Mechanical Engineer Sales Director Sales Manager Regional Manager Regional Manager Senior Deputy Director Deputy Director Deputy Manager...
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...solutions to the medical and pharmaceutical industries has resulted in a full re‐organization of the company’s departments and services. The merger has resulted in combining of services and departments as well as the creation of new positions while removing redundancies. Lisa Jones is the new VP of Sales for North America, Kevin Dawson retains his position of VP of sales for Europe, and Brad Lee has been promoted to VP Of sales for Asia. All sales VP report directly to the President of the company. Each VP of sales has two Sales Account managers reporting in to them. Norman Sims is the VP of Operations and he looks after the Marketing, Purchasing, Shipping and the Human Resources departments. Zak Simmons is the director of the Marketing department and looks after a team of 6 graphic designers and marketing specialists. Louise Green is the director of Human resources. She has a staff of 4 middle managers reporting directly to her. Albert Grier is the director of purchasing also reports to Norman Sims. Albert has a staff of 5 Purchasing clerks 4 which are currently in place and the fifth one is vacant pending future hire. Peter Hobbs is the director of the shipping and logistics department. Peter manages 3 shipping and logistics coordinators to handle all of the...
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...SALARY GUIDE | UNITED ARAB EMIRATES 2012 CONTENTS. MANAGING DIRECTOR’S LETTER BANKING & FINANCIAL SERVICES MARKET INSIGHTS RISK & COMPLIANCE WEALTH MANAGEMENT & PRIVATE BANKING ACCOUNTANCY & FINANCE MARKET INSIGHTS ACCOUNTANCY & FINANCE TECHNICAL MARKET INSIGHTS ENGINEERING CONSTRUCTION & ENERGY SUPPLY CHAIN & LOGISTICS 2 3 4 5 6 7 8 9 10 11 12 13 14 SALES, MARKETING & SUPPORT MARKET INSIGHTS ADVERTISING, MEDIA & BRANDING CREATIVE MARKETING & COMMUNICATIONS PR SALES ADMINISTRATION UNDERSTANDING THIS GUIDE TALK TO US 15 16 17 18 19 20 21 22 23 24 MANAGING DIRECTOR’S LETTER. Welcome to Morgan McKinley’s UAE Salary Guide 2012 Welcome to our annual UAE Salary Guide for 2012. Firstly I’d like to outline the methodology we have used in compiling this market intelligence. It is not intended to be a holistic guide to every job in every sector. Rather, it is a snapshot of the most popular positions from midmanagement level upwards within our four specialist divisions: Banking & Financial Services; Accountancy & Finance; Technical and Sales, Marketing & Support. It should be acknowledged that in order to arrive at these results we have accounted for a number of dissenting criteria, including job title; company; nationality; relocation packages; geographical dispersion; bonus sizes; longevity in the market and competitive edge. Job opportunities are up across the board on 2010 and 2009 numbers but still 40% down on 2011 for the same time of year. Abu Dhabi in particular...
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...Import 1982 Public ELY County: MSA: Country Phone Code: Phone: Web Address: Employment: (Individual Site) Current Year: 2,126 1 Yr Prior: 2,126 | Trend: 0.00 2 Yr Prior: 2,126 | Trend: 0.00 3 Yr Prior: 2,126 | Trend: 0.00 Sales: (All Sites) Sales: (Individual Sites) $967,656,000 US (Actual) $967,656,000 US (Actual) Executives: Ms Bonnie Thacker - Management Ms Katy Tomak - Administrative Assistant Mari Wright - Services Mr Bruce Parker - President Mr George Fellows - President; Chief Executive Officer Mr Neil Howie - Managing Director Mr Brian P Lynch - Corporate Secretary; Vice President Mr Bob Penicka - Chief Operating Officer Mr David A Lverty - Chief Operating Officer Mr James Hill - Executive Officer Mr Steven C McCracken - Chief Administrator; Executive Ms Christine Rousseau - Executive Vice President; Chief Information Officer Mr Brad Holloway - Executive Vice President Mr William F Knees - Senior Vice President; Marketing Staff Mr Mike Rider - Senior Vice President Mr John F Melican - Senior Vice President Mr Jeffrey M Colton - Senior Vice President Ms Jane Gregory - VP Manufacturing Mr Kevin Limbach - Operations Director Mr Nathan Norris - Project Manager Mr Ian Davis - Operations Staff Ms Michelle Jackson - Purchasing Director Ms Joan Sowle - Purchasing Agent Mr John Nisson - Engineer Mr Rick Schoen - Design Engineer Mr Dave Stricko - Engineering Executive Ms...
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...as a lawyer to concentrate on growing and marketing organic vegetables. He started growing vegetables 20 years ago in his back garden and eventually became fully self-sufficient in supplying vegetables for the family. Partly bored with his legal job and tempted by an attractive severance package, John decided he would try to establish his own vegetable supply business. Eighteen months ago he looked around for two fields to lease in which he could grow organic vegetables. Organic products including vegetables, is a growth market in the UK. Growers must adhere to strict guidelines in order to gain organic certification. Increasing awareness of the problems associated with many pesticides and fertilizers, coupled with an increased interest in healthy eating habits and ‘wholesome’ food, has meant that many consumers are now either purchasing or interested in purchasing organic vegetables. This is true not only of household customers, but in addition, many restaurants are using the lure of organic produce to give them a distinctive edge in the market place. All this has meant that many of the larger supermarkets in the UK have begun to stock more and more organic produce from what was a relatively specialized market in the 1990s; the market has grown to where overall organic produce accounts for some 12% of the total UK grocery market and in worldwide terms as of January 2010 it accounts for approximately 3% of all food sales. The market for organic vegetables has grown...
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...under chemical divisions of Beximco Group. Beximco Pharmaceuticals is one of the leading pharmaceutical companies in Bangladesh. It also is one of the biggest suppliers of pharmaceutical product of any Bangladeshi based company. BPL is the first Bangladeshi company to supply pharmaceutical product to Riffles Hospital the most prestigious hospital of Singapore In 2005, BPL took over Beximco Infusions Ltd., a listed company of the Beximco Group engaged in manufacturing and marketing of intravenous fluids and got enlisted with the Alternative Investment Market (AIM) of the London Stock Exchange through issuance of Global Depository Receipts (GDRs). Shares of the Company are traded in Dhaka and Chittagong Stock Exchanges of Bangladesh and its GDRs in AIM of the London Stock Exchange. The paper seeks information on the planning and organizing system that used at BPL. Different methods have been employed to analyze the data both from primary and secondary sources. It gives an idea of how information on purchases and sales, both local and foreign are integrated into the data system for evaluation and reporting purposes. Objectives * Introduce Beximco Pharmaceuticals Ltd and its planning and organizing system. * Provide a comprehensive idea on its organizational design in play in different part of the organization * To show the description of the centralization and decentralization * To...
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...Davis is the marketing director at D7 Display Company. Thomas Green is a newly promoted senior marketing specialist in this company. Tom as a person believes that his ideologies are the ones to be implemented while he is not the director. He also feel that the director doesn’t have enough knowledge in the field of marketing that why he tries to turn him down when he comes up with his plans of growing the company from 10% to 15%. He says” “There’s no way we can achieve double-digit growth this year.”” How actions of Green differ from Davis’s expectation From the email that Frank Davis, marketing director, sends to Thomas Green, senior marketing specialist, it’s evident what Davis expects Tom to do at all the times. Tom, this week’s client meetings went well, but they would have gone better if you had been on top of the market data,” it read. “When you’re on your own, I expect you to be better prepared. It’s essential for your new responsibilities in developing market strategies for your region.” This shows that the actions that had been taken by Green previously were not satisfactory to Davis. Davis also expects Thomas Green to follow all the instructions and job assignments he gives to him. This is illustrated by the phrase he uses to remind him that he has 20 years of experience. Davis said “Yes, I’m aware of web competition, Tom. I’ve been doing this for 20 years”. Tom, a senior marketing specialist wants to show Davis that he has a wider knowledge on marketing. This doesn’t...
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...1. Describe the duties of the director of sales in a full-service hotel. - Director of sales, along with as many sales managers and sales representatives as are necessary to cover the files of previous guests and groups booked by the hotel, develop potential leads, and solicit business for the hotel. - Reports to the general manager. - Establishes and coordinates all efforts to obtain group business. - Makes commitments to a convention or a group function. - Works closely with advertising agencies in the development of all printed matter and promotional programs. In additional, a director of sales for hotels and hospitality works in the hotel or hospitality industry overseeing activities related to sales. Their primary goal is to make sure guests are satisfied and help solicit new or continuing business for the organization. They are in charge of ensuring their facility meets revenue goals in areas such as food, room rentals, and beverages; this typically includes overseeing not just guest rooms, but a banquet or rentable meeting space as well. They also have interactions with customers such as preparing information, receiving and responding to correspondence, and attending meetings before an event. A director of sales must be very versatile and be able to perform a variety of duties as needed. A director of sales typically works indoors, but may at times need to be outside to supervise a project. Usually, a director of sales works with the front-end staff...
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...solution to the current salary restraints for the Director of Sales and Marketing within the organization in a way that will help to increase sales revenue potentials for the property, while providing salary incentives for the director. The Economical Impact on the Properties The economical impact of Palmer-Gosnell Management, Inc.’s hotel background has not been at the expected levels since 2008. With the decline in travel from the leisure market (families and vacation type travel), it is important that Palmer-Gosnell Management retain a dedicated sales effort in order to remain competitive in the hotel market. The things to consider are the increasing costs to operate the hotel, the decreasing marketing budget allowances, and the slow travel markets that are over saturated with hotel rooms. Having a dedicated sales director who is responsible for driving revenues in order for the property to continue to operate and provide a return-on-investment to the stockholders is very important to the company. Provide revenue gains by changing the current salary structure. The sales director that is responsible would need some motivation to keep the hotel in good standings. Let’s start with; the amount of work load that is expected of the sales manager and the type of goals that must be achieved should be evaluated. When there is a balance between what is expected and what is compensated, there will be opportunity for the sales director to maximize the amount of revenue generated for...
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...Warwick International Hotels Name Institution of Affiliation Warwick International Hotels Introduction The Warwick International Hotels were founded in 1980. Since then, the brand has extended its services all over the five continents, totalling to 55 hotels worldwide. The brand provides a collection of 4 and 5-star hotels (Warwick International Hotels, 2008). The hotels provide quality services and are distinctive for their bond because their operations are common throughout the areas where they are stretched. Some of the cities where Warwick International Hotels are found include Paris, New York, San Francisco, Brussels, Geneva and Bangkok among others. The hotels are centrally located, and they can be easily located from the city centre. Due to their quality services, the hotels have established a reputation for their quality accommodation and services. The Warwick International Hotels have a collective capacity of over 6,500 accommodation rooms with varying number of rooms for the different hotels (Warwick International Hotels, 2008).). The accommodation facilities offer a range of services ranging from hosting conferences and seminars, business meetings and accommodation as well as relaxing for a holiday. The expansion of the hotels from the time the brand was founded is presented graphically below. Chart 1: % Hotel portfolio development from the initial eight hotels. Customer loyalty and Hotel brand performance The brand appreciates that its guests are the...
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...‘WORD’ For a PASS (P1) - Heading: Task 1 – Types and Purpose of Information Introduction: In this unit, I will be helping to put together a new Christmas marketing campaign for John Lewis. In this task, I will be describing the different types of business information that John Lewis will use when going through each stage of preparing a new Christmas advert. ‘Types of information’ (use pages 126/127 to explain the following) * Verbal (what is it and how could John Lewis use it, for example, the marketing director at John Lewis may want to explain the theme of this year’s advert face to face with his staff to help create passion for the concept) * Written (what is it and how could John Lewis use it, for example, the marketing director may want to state all the resources that will be needed to make the campaign a success) * On-screen (what is it and how could John Lewis use it, for example, the marketing director may wish to use on-screen technology for his initial presentations of the theme) * Multi-media (what is it and how could John Lewis use it, for example, the marketing department may want to show their first drafts of the campaign on a computer along with audio for increased impact) * Web-based (what is it and how could John Lewis use it, for example, the marketing director may want to send e-mails to other parts of the organisation explaining the idea along with some statistical data based on recent surveys.) ‘Purpose of...
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...applicants. Each employee has to be experienced and know cleanliness and safety. In order to fulfill the new positions, a total of 10 employees will be hired. The employees include: Director of Sales, Assistant Director of Sales, Sales Coordinator, Sales Manager, three Inside Sales Reps, and three Outside Sales Reps. II. Job Analysis Job analysis “describes the process of obtaining information about jobs” (Cascio, 2006, p 158). It includes the job description for each position in detail and includes the skills they must possess for the position. The analysis is so important because it outlines the requirements so the best person is hired. If the employees are not fit for the position, then this will cause the compnay to lose money due to training expenses and losing wages for being short in labor. Director of Sales “Responsible for the overall coordination, the functional management, and leadership of all the sales activities of the business” (About Personal Growth, para 2). They are responsible for all budget information and finding implementation for improvements within the departments and customer strategies. Must have 10+ years experience both in house and field sales, knowledge of compliance and regulatory laws, and development and execution of tactical sales plans. The candidate must possess effective time...
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...Contents Our Mission statement 3 The Product 3 Main features 3 Product classification 4 Consumer factors 4 Market mix factors 4 Target market 4 Competitive environment 4 Threats from new Entrants 4 Threats from Buyers 4 Threats from Suppliers 5 Threats from Substitutes 5 Competitive rivalry 5 SWOT analysis 5 Strength 5 Weaknesses 5 Opportunities 5 Threats 6 Marketing objectives 6 Market 6 Product 6 Price 6 Place 6 Promotion 6 Marketing strategies 6 Product 6 Price 7 Place 7 Promotion 7 Summary 7 Tactics and Action plan 8 Product 8 Price 8 Place 8 Promotion 9 Monitoring 10 Our Mission statement We enable consumers to improve the quality and convenience of their lives by providing high-quality, innovative electronic solutions The Product The new EasyLoad microwave oven introduces a revolutionary concept for built-in microwave ovens. Conventional microwave ovens simply have a hinged front door, making it very difficult to load the microwave if it’s built into kitchen cabinets. EasyLoad will come with a slide out tray, exposing the complete interior, easy to load from the top even for heavy items like a smaller turkey. Main features Top loading instead of front loading | This very new concept is cementing our leading positon in terms of innovation and emphasizes our core values of improving the quality and convenience of our customers. Our channel partners will be thrilled because this not only...
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...Management, Control & Accountability for Financial Resources INTRODUCTION The purpose of this paper is to identify the information needs of the internal and external stakeholders in a manufacturing concern and how they can be met. All stakeholders of a firm require different types of information to help them in the decision making process. The top management which comprises of the Chief executive officer and the board of director require information pertaining to the finances of the firm, the key issues of the firm and the performance of the firm to formulate the strategic policies and strategies of the firm. The middle management consisting of the marketing manager, production manager etc will require information to effectively fulfill their job responsibilities and take actions accordingly. The external stakeholders such as the shareholders have invested their hard earned money in the business and would want to be informed about how well the firm is doing and the return that they will be getting for the money that they have invested. The shareholders are usually interested in the financial reports of the firm to see how profitable and liquid the firm is and will it be able to provide dividends to them. Financial reporting is necessary for management, control and accountability purposes. It helps to assess whether the resources of the firm are being utilized in the most efficient manner and the firm is meeting its objective of generating the maximum profit. Information...
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