The accounting firm’s partner Bill Stewart instructs Gail Bennett to acquire further information of the company, so that they can validate the authenticity of Cable Co. before striking a deal with the company. After the accounting firm adopts Cable Co. as their client, there are several instances that take place within the video that are immensely crucial to an auditing process. One such instance would be the reason for the CEO of Cable Co. to change the auditing firm. In the video, Mr. Mathews explicitly indicated that the former auditors were less efficient for his business strategies on acquisitions. He also went on to mention that he was in need for an individual who is knowledgeable about his business.
Financial Statements Karen D. Wallace, Student/Author, University of Phoenix ACC/220 October 28, 2012 Christina Vaughn, MAcc, Faculty Financial Statements I am presenting to you a brief explanation of the statements generated in a business, the types of information you will access from them, and the decisions the information will allow a business owner to make. I have chosen this order so that one can make the decision to be able to start a company. Let’s first get an understanding of what accounting is; it is the process of identifying, recording, and communicating the economic events of a business to interested users of the information; internal and
WESTERN GOVERNORS UNIVERSITY Financial Analysis RJET Task 1 Executive Summary An extremely crucial element to any business entity is the financial analysis process. So what exactly is financial analysis? The actual definition is The assessment of the (1) effectiveness with which funds (investment and debt) are employed in a firm, (2) efficiency and profitability of its operations, and (3) value and safety of debtors' claims against the firm's assets. It employs techniques such as 'funds flow analysis' and financial ratios to understand the problems and opportunities inherent in an investment or financing decision. (WebFinance, Inc, 2013) Simplified it is the process of evaluating the current business, let’s say their effectiveness, and their future in their industry.
Summary of Recommendations Kudler Fine Foods has three locations in Southern California. The upscale specialty food store is a client of LTA Accounting Firm. Recent recommendations include updating Kudler’s information system to an ERP system. Because auditing is an important factor in the business world, LTA Accounting Firms further recommends CAATs for Kudler’s auditing techniques because it is suitable for their industry. The purpose of auditing is to obtain an understanding of the business, and for evaluating the entire business operational processes.
Explain how you would manage an HR technological change. What process might you use (cite theory as appropriate) to implement technological changes in a traditionally people-focused business? Thoroughly explain your process and decision…. HRM 340 Securing Employee Information Discussions 2 Week 7 All Posts 18 Pages DeVry Technology has changed the role and some functions of HR. Have these changes resulted in HR losing sight of its role towards employee relations and support?
The interest charged on the multimillion dollar loan clearly will have a significant impact on the company’s financial reports. Thus, the Financial Accounting Standards Board (FASB) established SFAS No. 34, “Capitalization of Interest Costs,” to provide guidance on how to record this type of interest properly. Basically, this standard explains that the interest on the loan for building your new facility can be capitalized, as part of the costs of the facility because it meets their two criteria, (1) it is not yet ready for use, and (2) it is currently under construction (p.
Communication Plan Name MGT/311 – Organizational Development Date Professor Name Introduction This paper will help Riordan Manufacturing in creating a formal system for managing customer information, which will require all employees to use a single customer management system. The first part of the paper will require reviewing the intranet site of the company and checking information in various sections of the company. This will help in creating a change management plan which will include several important aspects including: recommendation of a strategy to implement changes over the next year and a description of the evaluation procedures after the change plan is implemented. The second part of the paper will refer to a communication plan for the proposed change, which will also cover various sections. Communication Plan When change is presented in the workplace it can also bring resistance from employees.
They have to do a separate forecast for each product which ends up being very time consuming. Second of all, the current forecasting method is very inaccurate. “Connors and Fields had forecasting sales of 53,560 PVB units and 559 five valve units. According to Exhibit 2, actual sales were 48,159 PVB units and 580 fire valve units”. As you can see
Client: David Baker - the leader of a task force created to investigate the sales forecasting procedures at Acton-Burnett (‘the Company’) Problem: Baker’s team has been unable to deliver results expected by all the stakeholders Root causes: Although some external root causes (environment) were present, such as fluctuating gold prices and recession that led to the Company's wide crisis, most of the root causes were internal, stemming from the Organization and David Baker’s behavior and abilities (Client). Organization root causes out of David Baker’s control: Several critical root causes were due to erroneous decisions made by Ryan and Keene (‘the sponsors’) in the team design. Based on the ‘Team Effectiveness Model’ (Team Effectiveness Model) one of the key elements is the Team Design that should respond to the proper Task Characteristics (in the analyzed situation requiring cross-division experience and knowledge), Team Size (in this case 8 people – size of the team could be smaller to allow better coordination of tasks and outcomes) and Team Composition. Ryan and Keene decided to assign a young person – David Baker - with limited experience to lead the team of people at different ages, from various divisions and with different level of experience within the Organization. David had limited formal authority over the other team members and he faced challenges in building Informal Leadership because of his age and short experience within the Company.
Introduction To develop a data warehouse, business requirement is one of the main factors. Business users like executive managers, business analysts require information for business decision and analysis purpose. To analyse or measure a particular fact, business dimensions are required. Suppose to analyse sales of a company, time, product, location, customer demographics are required. Time, product, location, customer demographics are called business dimensions.