Branding, Pricing and Distribution l Marketing 21 November 2010 Create the domestic and global branding strategy. I plan to offer multiple products from my company in the U.S and abroad using the umbrella branding approach. Globally, the company will get branded using the same name and logo that is utilized in the U.S. The main product that I will offer is corporate security services and equipment. In addition to providing corporate security I will sell products unique to delivering a high quality security service.
Which of the following internal control activities most likely would assure that all billed sales are correctly posted to the accounts receivable ledger? A. Daily sales summaries are compared to daily postings to the accounts receivable ledger. B. Each sales invoice is supported by a prenumbered shipping document.
There needs to be a standard operating procedure using a company policy approved Customer Relationship management system. With a Customer Relationship management system Riordan can track all customers and their needs through one system. Also any sales member would be able to pick up the account if needed and have all the same information for that customer. The Customer relationship management system will also be used to control the production plan for each customer for records of units produced. The marketing, finance and production departments will be able to use the CRM to track profits and losses by item or groups.
Career Development Plan IV - Compensation HRM531 March 21, 2011 Gary Craig Career Development Plan IV - Compensation Now that the job analysis and selection, training and mentoring program, and performance and career plan are in place, the next stage of this development plan is the compensation plan. This memo will detail all components of the plan including pay and benefits for the sales team. Included in this memo I will describe three components of the total rewards package that will ensure our team remains motivated and reach peak performance. Compensation is a way the company entices an individual to work for them. The term compensation is often thought of as the salary one will receive upon offering and accepting a position.
The buyer can be expected to satisfy all obligations under the contract.The contractor can be expected to perform all contractual obligations”. In other words, the percent of competition method can be used if there can be an accurate estimate of the cost. The contract has to be very specific about the exchanging of goods or services. The two parties agree to
completing the research or having the development deliverables completed. These phases and deliverable are also known as a substantive milestone. According to FASB the following criteria must be met before a company is able to label a deliverable as a substantive milestone: • “The milestone consideration must be proportionate with 1) the vendor’s performance to achieve the milestone or 2) the delivered item’s enhanced value resulting from the specific outcome of the vendor’s performance to achieve the milestone. • The milestone consideration must be related solely to the vendor’s past performance. • The milestone consideration must be reasonable relative to all deliverables and payment terms in the arrangement” Once the company has set the milestones it will recognize the revenue in the period that the milestone is achieved.
The audit report must show report that management has established and maintained internal controls for financial reporting. Certification of each annual report must be verified by the executive offers of the company, the report must show that they maintained established internal controls. The offices of the company must include in their reports evaluation of the internal controls effectiveness. Included in the reports, there must be reports of fraud that may have an effect that have any effect on the internal controls. The Sarbanes-Oxley Act contains 11 titles that describing rules and requirements for financial reporting in the United States (Wang,
Kudler’s intranet site states that Kudler’s management has been successful in monitoring the company’s activities through different finance and accounting financial modules. For examples, POS module is used to “capture and reports all retail sales in details” (POS procedures, Kudler intranet site), and all data have been transmitted directly to GL accounts, the Electronic Payment Clearing House, and the company purchasing control. This method means that not only electronic payment methods are accepted but also vendors, orders, and inventory are updated timely. Moreover, by collating data from GL, AP, AR and POS modules, central management and department managers are able to analyze each store real-time inventory and “forecast to extrapolate past data into future projections” (Supply chain Overview, Kudler intranet site). The software is capable of accounting for the impact of sales and accounting activities, also helps increase the company’s processing
Riordan Corporate Compliance Plan Liam Clifford LAW/531 June 11, 2012 Kim Peterson This memo has been prepared to provide an overview of a comprehensive Corporate Compliance Plan (the “Plan”) to ensure the Company’s compliance with its tax and reporting obligations A full copy has been included in the materials submitted to the Board of Directors for review in connection with the proposed adoption at the upcoming Meeting of the Board of Directors in Lieu of Annual Meeting. Riordan Manufacturing (the “Company”) has facilities in California, Georgia and Michigan in the United States, as well as a manufacturing facility in China. Riordan which engages in commerce domestically, nationally and internationally, must comply with a myriad
The first function starts when the source of the supply is transferred to the producers of the product for the transformation process. Once the producers are finished, a distributor then process orders and prepares items for shipment after a review from the retailer. Retailers then receive the orders placed to put into inventory so that the consumers are able to purchase product. The order processing and management category is designed to offer consistent, objective and auditable inventory assessments for financial reporting purposes for the retailers to be able to compete in labor-intensive industries nationally, customary costing approaches help generate the most accurate collective values for the cost of goods sold and ending inventories (Lockarmy III & Smith,