3. What is information utility? (0.5 points) The value added to a product by providing the consumer with useful information. 4. List the six stages of a business.
GASB and FASB Differences Accountants and individuals, who work in accounting fields, need to know the differences between GASB and FASB. Knowing the differences allows individuals to know what objectives apply in their organization. One difference between GASB and FASB according to Jacobsen and Wachterhauser (2011) “is the general audience
There are two principles that are in center of Maslow’s theory that are; deficit principle holds that a satisfied need is not a motivator, and progression principle holds that a need at one level does not become activated until the next lower level need is satisfied [ (Lombardi, 2007) ]. Per Maslow’s theory at any time just one set of requirements inspires behavior as well, it is impossible to omit levels. When satisfaction is met
The existence of inventory at multiple locations. C. The effectiveness of controls pertaining to maintenance of perpetual records. D. The care exercised by client employees in taking the inventory. 5) When statistical sampling methods are used by the client in determining inventories, professional standards require that the auditor ascertain the following EXCEPT that the: A. sampling plan has statistical validity. B. appropriate tests of transactions have been applied.
Question 4. Question : (TCO 1) What are the phases of the systems development cycle, what is the purpose of each? Question 5. Question : (TCO 1) Explain how “implementation,” “adoption,” and “optimization” differ from one another as aspects of an EHR transition within an organization. devry him435 week 2 quiz 1.
Answer: FALSE Diff: 1 Section: 2.1 Projects and Organizational Strategy Skill: Definition AACSB Tag: Reflective 5) Strategy, goals, and programs support the organizational mission. Answer: TRUE Diff: 1 Section: 2.1 Projects and Organizational Strategy Skill: Definition AACSB Tag: Reflective 6) Stakeholder analysis looks at a project's customers and determines whether their needs are being met. Answer: FALSE Diff: 2 Section: 2.2 Stakeholder Management Skill: Definition AACSB Tag: Reflective 7) Suppliers and competitors are possible intervenor groups in a project. Answer: TRUE Diff: 1 Section: 2.2 Stakeholder Management Skill: Factual AACSB Tag: Reflective 8) An important step in stakeholder management is the assessment of your own capabilities. Answer: TRUE Diff: 1 Section: 2.2 Stakeholder Management Skill: Factual AACSB Tag: Reflective 9) Policies and procedures are examples of an organization's external environment.
The operational audit studies the specific parts of an organization with the purpose of measuring its performance. Performances are measured in terms of effectiveness and efficiency such as auditing shipping and receiving or the sales departments. The benefit of these types of audits can positively affect the profitability of the organization. The financial audits, which we are doing, consist of auditing financial statements. The purpose of the financial statement audit is to ensure the entity being audited is preparing the financial statements in conformance with General Accepted Accounting Principles (GAAP).
Thus, product development processes, sales terms and marketing programs, human resource policies and procedures, and accounting systems have to be examined in order to insure that they do not contain elements that contradict the Lean strategy” (Fiume, 2002). He goes on to focus on the role of the accountants and accounting systems, stressing that they “tend to be the most significant barrier to successfully implementing Lean” (Fiume). One of these barriers, according to Bruce Baggaley in his discussion paper regarding Lean and Lean Accounting, is that standard cost accounting principles are actually at odds with what Lean is trying to achieve. He states that standard cost accounting’s measurements motivate behaviors that are harmful to lean, “…and it does not provide reliable cost information for decision-making in a lean environment” (Baggaley, 2003). The reason Baggaley states
6. Create adequate controls and communicate performance to the company to ensure organizational focus. Department Manager Goals 1. Retain existing department employees. 2.
b. Customer satisfaction, Market Share and Customer loyalty can be tied with the customer goals of measurement of the Balanced Scorecard. c. Direct Distribution Performance (Supply chain Performance) and Cost of Manufacturing can be tied with internal business processes (Operations) goals of measurement of the Balance Scorecard. d. Employee satisfaction, retention and development can be tied with Learning and Growth goals of measurement of the Balance Scorecard. Also business goals In IT-Industry can be visualized by applying internal customer relationship management as described by Frank L. Eichorn “IntCRM provides a quantitative and visual evaluation of the key criteria that affect an organizations propensity for managing internal customer relationships and delivering systems that meet business needs ( Pg 2, who Owns the Data (2004)) Defining for Quadrant as it relates to performance measure In order to build right culture, firms should focus on several key attributes to ensure the success of the Firms: • Developing