Learning Team Assignment: Strategic Initiative Paper Resource: Ethics and Compliance Paper Prepare a 1,050- to 1,400-word paper in which you describe the relationship between strategic and financial planning. Describe: This has to be for Starbucks A strategic planning initiative for your organization and identify an initiative discussed in the organization’s annual report. How the initiative affects the organization’s financial planning. How will the initiative affect costs? How will the initiative affect sales?
Reichart is the assigned project manager for a computer program. Functional managers are charging direct labor time to his project but actually working on their own project with no relation to the Trophy project. This caused over cost in budget. When Reichart complained of this and tried to get support from upper management/corporate they told him not to poke his nose in the functional manager’s business. As time went on so did the project
17 Jan. 2012. <http://eh.net/encyclopedia/article/stack.brewing.industry.history.us>. Tyrell, Ian. "Prohibition: Overview." Australian & New Zealand American Studies Association.
The HQ placed orders and uses part of the fund that is got from the store to pay the supplier 5. Supplier confirm the items and quantities of products that HQ ordered 6. HQ confirms information 7. HQ updates order information to warehouse 8. The supplier end new products to that warehouse for inventory 9.
It is the responsibility of Retail Banking to ensure that payment for expense is processed in the first instance and that secondly an adjustment allocation is charged back to both Commercial Banking and Financial Planning cost centres for the expense. The cost allocation basis that is utilised is calculated on the amount of floor space that is allocated to each department which also has a direct correlation to the number of full time equivalent staff. The cost allocation is agreed prior to each financial year by the stakeholders namely the Heads of Retail Banking, Commercial Banking and Financial Planning and is reviewed annually. Once agreement has been reached the outcome is communicated to relevant parties prior to the reporting period. The allocation of space and staff numbers for the reporting period 1st July 2013 to 30th June 2014 are detailed below.
The accounting department supervisor independently reconciles the accounts receivable subsidiary ledger to the accounts receivable control account monthly. C. The accounting department supervisor controls the mailing of monthly statements to customers and investigates any differences reported by customers. D. The billing department supervisor matches prenumbered shipping documents with entries in the sales journal. AICPA AACSB: Analytic AICPA BB: Critical Thinking AICPA FN: Risk Analysis Bloom's: Application Difficulty: Hard 32. Which of the following internal control activities most likely would assure that all billed sales are correctly posted to the accounts receivable ledger?
5) Week 4 Dq 1: Review the Standard costs: wake up and smell the coffee.article. When evaluating performance, many organizations compare current results with the actual results of previous accounting periods. Is an organization that follows this approach likely to encounter any problems? Explain. http://www.cimaglobal.com/Thought-leadership/Newsletters/Insight-e-magazine/Insight-2010/Insight-March-2010/Standard-costing/ Week 4 Dq2: Flexible budgets provide different information than static budgets.
The Finance Director, Chief Accountant, Accounts Payable Clerk, Accounts Receivable Clerk, General Ledger Clerk, Costing Technician, Payroll Clerk and Accounting Systems Technician. See appendix 2 for an organisation chart. They all have different roles and work together to provide the financial information that the shareholders require to be able to assess the performance of the business. The accounts staff work closely with the sales staff as they need information regarding the sales of the company to enable them to raise invoices. They also liaise with the warehouse staff to know what goods have been supplied and by whom so that they are aware of the invoices that will be received from the suppliers.
The description for this position is, Accountants within Fairway Management apply the principles of accounting in analyzing financial information for a portfolio of Fairway managed entities in order to prepare monthly financial statements. They prepare financial reports that are required by management and legal mandates for current reporting and future projections. Accountants also maintain and update records used in the financial management of the business. The responsibilities for this job are Preparing monthly financial statements for a portfolio of FWM properties according to established policy and procedures. Review financial summary reports and other reports as needed to accompany monthly financial statements.
According to our research, Wal-Mart’s bonus payout is not worth the wait around. Also, health insurance plans are not provided by Wal-Mart for the hourly-wage employees but executives’ health insurance plans are fully paid for. If Wal-Mart does provide regular employees with health insurance plans, employees are required to contribute some money into their own health coverage. Wal-Mart is unable to accommodate employees’ needs by providing flexible work hours, and promotions are seldom rewarded to women. (Belcourt et.al, 370).