TABLE OF CONENTS INTRODUCTION PG 1 COMPANY EVALUATION PG 2 COMPLIANCE AND RECOMMENDATION PG 4 SUMMARY / CONCLUSION PG 5 REFERENCES PG 6 Introduction The primary objective of Accounting Ink, is to provide LJB Company with the required information to consider the regulations for converting to a publicly traded company. Within this analysis we will identify internal controls currently being used within business operation and the required mandated internal controls enforced by the Sarbanes Oxley Act. Internal Controls are established and or regulated by the Sarbanes-Oxley Act. There are six principles of internal controls 1) Establishment of responsibility, 2) Segregation of Duties, 3) Documentation Procedures, 4) Physical Controls, 5) Independent Internal Verification and 6) Human Resource Controls (Keller, 2012). Companies and their independent accountants or auditors should report the effectiveness of the companies internal controls based on these six principles.
Alternatively, $499 and $600 are also being considered. As we consider the price for the new guitar, we need to keep in mind that Guitar World will be receiving 40% of the sale price from the wholesalers and retailers. Problem * In order for the new product line to be successful, we will need to calculate the break-even point in both, sales and units. This needs be done for all 3 price ranges, $499, $549 and $600. * We will calculate the net profit for the sales target of 2000 units.
GAAP stands for Generally Accepted Accounting Principles. The common set of accounting principles, standards and procedures that companies use to compile their financial statements. GAAP are a combination of authoritative standards (set by policy boards) and simply the commonly accepted ways of recording and reporting accounting information. GAAP are imposed on companies so that investors have a minimum level of consistency in the financial statements they use when analyzing companies for investment purposes. GAAP cover such things as revenue recognition, balance sheet item classification and outstanding share measurements.
The financial perspective of the balanced score card gives the owner and the customer a way of providing and showing long term and short term objectives for the business as it grows, the same goes for the other three strategic goals in the balanced score card. Atta Boy Outdoors initially needs to at a minimum break even for the first six months of being open. In order to achieve this, they must have a solid marketing plan to bring in the initial wave of customers. After the first six months to a year, it is the owner’s intent to have a profit margin of around 25% of everything he sells. Gradually, after the first year into the five year business plan; the owner is confident that there will be at least a 40-50% profit margin on most products and even 75% on others.
For further elaboration following elements are used in the balanced scorecard: Financial Perspective Internal Processes Learning and Growth Customer Perspective Strategy Map for Ashton Graduate School: The strategy map specifically provides the information about the strategic direction towards the objectives that are more significant for all the employees of the company to act on it accordingly. Strategic mapping of the Ashton Graduate School starts with the financial perspective of the balanced score card; after the financial perspective, customer perspective, internal perspective, and learning as well as growth perspective will be mapped
Patricia Reyes Accounting 3301 Section P80 April 13, 2015 Project Assignment 1- What is FedEx’s strategy for success in the marketplace? Does the company rely primarily on a customer intimacy, operations excellence, or product leadership customer value proposition? What evidence supports your conclusion? The strategy used by FedEx for the success in the market place is operations excellence. The evidence that supports my answer can be found on page 4 under the Strategy section of the 10-K submission which states: “we provide strategic direction to, and coordination of, the FedEx portfolio of companies.
In order to decide the best plan of financing this project, Amtrak and it’s advisor, Babcock & Brown Financial Corporation (BBFC) asked BNY Capital Funding LLC (BNYCF) to come up with lease-financing proposals. On April 30, 1999, Arlene Friner, the CFO of Amtrak presented these proposals for financing Acela to her Treasury team. A present value analysis is used to determine whether borrowing money, leasing the equipment, or relying on federal funding is the best option for financing the project. Discussion Acela is projected to produce $180 million in net revenue by 2002. This includes the purchase of 15 high-speed locomotives and 20 train sets of $750 million, of which Amtrak needs financing for six locomotives and seven train sets of $267.9 million.
(Wal-Mart Corporate Website) Huge turnover, large customer base and returning customers show that Wal-Mart has been able to achieve this goal in its 50 years of existence. Wal-Mart sources material from third world countries at low price. Very efficient supply chain management and bargaining power has enabled Wal-Mart to sell goods at low price. Company is also pursuing vertical integration strategy to lower cost. Answer-2) Wal-Mart Stores had turnover of $446.95 billion and net income of $15.77 billion in financial year ending
Recommendation Calveta Dining Service should acquire Great Southwest Dining Service (GSD) and restructuring the organization in future to fulfill Antonio’s requirement which want Frank to double the company’s revenues within five years and can maintain the special company cultures. When Frank have decide to acquire GSD there have several advantages that can be achieve by Calveta. In the case given, Frank has been done some financial calculation using various growth projections for both GSD and Calveta over the next three years. After calculation, Frank perceived the opportunity to meet or at least come close to the revenue goals his father had set. Therefore, this is the best opportunity to Frank to build strategy in order to meet his father requirement.
Organizational Structure Paper James Cagney MGT/230 April 7, 2014 Henry Lacy Organizational Structure Paper I selected Aetna Life Insurance Company for this paper. Aetna is a Fortune 500 health insurance company with over $47 billion in annual revenue. I will touch on how being a functional organization has helped Aetna grow and maintain profitability and industry excellence for many years. Two different organizational structures will also be selected for contrast and comparison. In the paper, I will evaluate the various marketing, finance, and human resources functions and discuss how the organizational design influences Aetna's organizational structure as a whole.