...MGT/308: Managing Diversity Marian Archer, August 8, 2011 Memo TO: ABC CORPORATION BOARD MEMBERS From: Team B Date: 08/08/11 Re: Cultural Inclusion According to Bourne (2002), “An inclusion breakthrough is a powerful transformation of an organization’s culture to one in which every individual is valued as a vital component of the organization’s success and competitive advantage” (p. 263). ABC Corporations’ mission and goal is to maintain a multicultural workplace environment while ensuring each employee feel the work they contribute is an asset to the company. Additionally, developing a strategy to create an atmosphere of cultural inclusion for all employees within ABC Corporation will be the goal to achieving highly skilled individuals from different cultures and backgrounds. . Cultural Inclusion Cultural inclusion in ABC Corporation begins with employees, including those in high positions to be open to new ideas, show co-workers respect, encourage those with hidden talents to speak up, relate honest information about changes, and to understand that no matter the background, everyone has something to offer. ABC Corporation must have a legal approach to cultural inclusion. Legal Approach A legal approach to cultural inclusion in ABC Corporation is important to cultural inclusion. Therefore, policies and procedures...
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...CPA Report This memo has been prepared in response to Mr. Butterworth’s inquiry on behalf of the independent audit team reviewing XYZ Corporation, a wholly owned subsidiary of ABC Company. Specifically this memo addressed the methodology used to determine deferred taxes, the procedure for reporting accounting changes and error corrections, and the rationale behind establishing XYZ Corporation as a subsidiary. Also included in this memo, as requested, is a discussion of the responsibilities of a CPA, and the differences between a financial review report and a financial audit report. Methodology used to Determine Deferred Taxes Deferred taxes can be one of two different types of deferred tax entries, permanent or temporary. Permanent deferred tax liabilities are income generating events that do not incur tax liabilities, and thus a permanent adjustment to the financial reports is made to adjust for the discrepancy between income for tax purposes, and income for reporting purposes. A temporary deferred tax liability is a liability where taxable income is different from reportable income, but at some future point, the taxable income will reconcile to the reportable income (Kieso, Weygandt, & Warfield, 2007). Temporary deferred tax liabilities can result in either an excessive or insufficient amount of tax withheld in the current period, which will be reconciled at a later period. An example is the depreciation of a capital asset. If the book depreciation of a...
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...Compliance Mem CMGT 410 January 26, 2015 Compliance Memo To: Team Leaders From: (Your Name) Training Project Manager Date: January 26, 2015 Subject: New Compliance System Training ABC Corporation is excited to announce the roll out of their new compliance system database with a two-day training session Southern California at the all exclusive Ocean Side Resort on April 1 and 2, 2015. A team of project developers from ABC Corporation will be this year's educational instructors, teaching the group through hands on training simulations. There will be one on one time with our training team for any questions or concerns. Included within the training will be the review of updated compliance policies and procedures and how they will directly impact Team Leaders and the processes of daily operations within ABC Corporation. Each day will consist of five hours of training with time allotted for lunches and Q&A time with the instructors. With these new and exciting times approaching us it is required that all management attend the compliance training course so they can continue to support ABC Corporation in their quest for excellence of service to our customers and our employees. As leaders within the ABC Corporation it is vital to keep up with technology and the benefits it brings to all who work with it. The more knowledge we have as leaders, the better we can be as leaders in the world of changing technology. Please note that those managers that cannot or refuse...
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...CPA Report Michelle Richardson ACC/545 Internal Control Systems September 10, 2012 Jeffrey Mitchell Memo Accounting Professionals, Inc. To: Management From: Michelle Richardson CC: Jeffrey Mitchell Date: September 10, 2012 RE: CPA Report ________________________________________________________________________ Per your request, this memo provides explanations regarding a subsidiary that has recently been set up as a corporation. This explanation includes the procedures for reporting accounting changes and error corrections, the methodology used to determine deferred taxes, and the rationale for establishing the subsidiary as a corporation. According to the AICPA (2012), “licensed CPAs are subject to regulation by their respective state boards of accountancy and strict professional ethics rules adopted by the boards to protect the public against fraud, incompetence and conflicts of interest” (para. 1). As such, the responses to the outside CPA’s in regard to the above-mentioned matters will be handled with the utmost diligence. In addition, to clarify the questions regarding the differences between reviews and audits, an audit is the “accumulation and evaluation of evidence about information to determine and report on the degree of correspondence between the information and established criteria” (Arens, Elder, & Beasley, 2006, p. 19). Reviews, on the other hand, are a “form of attestation in which a CPA firm issues a written report concerning historical...
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...makes up a great deal of world’s communication. The reasons behind that leap from written and hardcopy to softcopy communications has to do with technological advances and the speed in which individuals and businesses can now communicate accurately. The electronic media that surrounds the average consumer consists of television commercials, e-mail advertisements, Internet stores, paying bills and banking online, blogs, social sites, business ventures, and many other forms of electronic communication are taking over the way the world communicates. This paper will discuss E-mails importance, present three business-to-business messages taken from the text-book, analyze them and provide a message from ABC and an unfavorable reply XYZ Company sent. E-mails can be sent as a letter, memo, or as a document with an attachment. The convenience of e-mails is that the business has the option to send the message to one receiver or to multiple receivers simultaneously. The best thing about companies conducting business through e-mail is that the company will have a written record of the information sent. E-mail also allows a company to transmit complex information fast and conveniently in a matter of minutes across the world. In a descriptive analysis of the e-mail, an individual has multiple options to design the message in which he wishes to send. Analyzing message on Tobacco-free work facility This message was sent to stress out the risks of cigarettes in workplace; such as the fact that...
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...Goodwill Impairment Analysis and Memo Below is a sample goodwill impairment analysis memo. If you need more detail analysis. Please free to contact us. —————————————————————————————————————- DESCRIPTION OF TRANSACTION Description of transaction giving rise to recording of goodwill. The acquisitions were accounted for in accordance with FAS Statement No. 141R which was codified under the “Business Combinations topic of the FASB ASC. Describe how the purchase price was allocated to assets acquired and liabilities assumed based on the estimated fair value at the date of acquisition. The allocation of purchase price included identifiable intangible assets and goodwill which was valued at the date of acquisition by an independent valuation firm, [Insert Valuation Firm Name Here] using generally accepted valuation practices. The “Intangible – Goodwill and Other” topic of the ASC provides that goodwill should no longer be amortized but instead tested for impairment at the reporting unit level. DESCRIBED ENTITIES Where headquartered. Description of business. GOODWILL IMPAIRMENT TESTING Under the “Intangible – Goodwill and Other” topic of the ASC, goodwill is required to be tested for impairment annually at the reporting unit level in lieu of being amortized. Also, goodwill is required to be tested on an interim basis if an event or circumstance indicates that it is more likely than not that an impairment loss has occurred. Examples of such events or circumstances...
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...CASE STUDY #1 MEMO TO: Taxpayer FROM: DATE: 13 September 2013 RE: Tax treatment of employer-funded health insurance premiums I. FACTS The taxpayer was laid off from ABC Corporation after 15 years of employment. ABC has a health insurance program that provides coverage to all employees, including those who have been laid off or retired within the last two years. ABC continues to pay all health insurance premiums on behalf of the taxpayer even while he is not working. II. ISSUE(S) A. Is the taxpayer required to include the employer-funded health insurance premiums in gross income? III. SHORT ANSWER No. The taxpayer is considered an employee and continues to participate in an employer-funded health plan. The taxpayer is not required to include employer-funded health insurance premiums in gross income. IV. ANALYSIS A. Framework of Authorities 1. Statutory Authority IRC § 106(a) generally allows an employee to exclude employer-provided coverage under a health plan from gross income. 2. Treasury Regulations An employee’s gross income does not include employer contributions to a health plan that provides compensation in the event of personal injury or sickness incurred by the employee or the employee’s spouse and dependents. Treas. Reg. § 1.106-1. 3. Treasury Publications (or IRS Position) In Rev. Rul. 82-196, 1982-2 C.B. 53, an employer contributes to a health plan on behalf of its employee. Under...
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...Write a brief essay (suggested length of a total of 1–2 pages) in which you do the following: 1. Describe how you would reconcile the book income to tax income differences for ABC as a corporation and an s-corporation. 2. Make a recommendation for the board of directors about whether or not ABC should become an s-corporation, based on your calculations. (You may present this portion of your essay in memo format if you wish.) For corporations, there is a three step process to reconcile book income to tax income. Usually, corporations keep their accounting records on an accrual basis, which recognizes income when it’s earned, not necessarily when a customer pays for it. Tax returns on the other hand must be completed based on when the income has been received. This may create differences between the general ledger and the tax filing, and must be accounted for. The first step is to total all income items in the current year but not entered into the general ledger. Then add the result to the net income after taxes from the general ledger. Add the current year’s federal tax expense and any capital losses that exceed the corporation’s capital gains. Step two requires the preparer to add any general ledger expenses that are not deductible in the current tax year. Some examples include charitable contribution carryovers from a previous year, nondeductible entertainment and travel expenses, or even timing differences caused by using different depreciation methods on the general...
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...ABC GOLF EQUIPMENT CORPORATION MEMORANDUM FOR CEO FROM: CFO SUBJECT: Time Value of Money 12 OCT 13 This memo accompanies the Excel Spreadsheet labeled Case FIN 50 and is intended to explain the significance of the various formulae and how our decisions with finances affect our bottom line numbers. Every Time Value of Money Problem has either four or five variables, we typically will know three to four of these variables and thus will only need to solve for the one remaining variable. Lump Sum Present Value Any time we take an amount of money and receive an annual rate of return on it, we should see a standard/preset growth on the initial amount. As you can see under “required calculation #1”, we have two columns addressing two amounts of money: $100,000 and $200,000. As you can see, the rate and the number of years the rate is compounded has a dramatic affect on the required initial investment. The higher the rate and the longer the investment compounds, the less the required initial investment. Lump Sum Future Value If we were to invest a specific amount of money today, in theory it should grow to a larger value at some point in the future. The value at the future point in time is called the future value. In order to calculate the future value, we have to know the rate at which the investment will grow. This rate is referred to as the interest rate. We then must know the length of time that the investment will be held or the number of periods. Much like in the Present...
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...TO: Accountancy Project Discovery Students FROM: Communications Specialists DATE: Fall 2000 SUBJECT: How to Write a Successful Memo This memo's purpose is to explain how to write a memo that successfully conveys a message accurately, concisely, and coherently. Memos are the major form of internal communication in most organizations, so it is vital that business writers understand how to draft these important documents effectively. This memo will cover the correct memo format first. Then, it will discuss clarity and conciseness, consistency and numbers, passive voice, parallelism, sexist writing, agreement, comma usage and hyphen usage. USING CORRECT MEMO FORMAT Unlike conversations, memos leave a "paper trail," so the company can use directives, inquiries, instructions, requests, recommendations, policies and other reports for future reference. Depending on their purpose, memos can range from a few lines to four or five pages. Shorter memos do not require formal introductory and concluding paragraphs. However, most memos assigned in this class will be at least one page long. Therefore, writers should include the appropriate introductions and conclusions. Every memo should have a header containing the word (prominently displayed) MEMO or MEMORANDUM followed by the organization's name. Writers usually draft memos on company letterhead. Following the header are four crucial pieces of information: TO: Name and title (the title serves as a record for reference) ...
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...These questions have been prepared by students of BUSL301 Session 3 2012-2013. Note – I have not checked or altered them - some aren’t very clear – some may be wrong - there are spelling errors etc. Nonetheless they are still practice (but remember students don’t prepare the midsession test – I do) The ANSWERS provided by students are at the end of the questions Try the questions then look at the suggested answers 1. Which of the following statements is most accurate? a) Shares are always transferable, while debts are not. b) Shares and debts are both generally transferable. c) Neither shares nor debts are transferable. d) Shares are generally transferable, but directors of proprietary companies can refuse transfer registration for any reason. 2. Tom entered into a contract with Cookie limited; a public company selling cookies of all flavors, to sell them 2000 kg of sugar. Tom met up with one of the directors named Mark to arrange and sign this contract. Tom also ensured he was a director of the company becasue he had looked it up on the ASIC records, so he felt confident the contract would not fall through. He is then later informed by the company that Mark acted without the consent of the other directors and was not allowed to enter into the agreement with him, so the company will not pay for the goods. Is Cookies limited obligated to pay Tom? a, yes, under section 128 an outsider is entitled to make assumptions in Section 129 in relation to dealing with a company....
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... | | |BCOM/230 Version 3 | | |Business Communication for Accountants | Copyright © 2012, 2010 by University of Phoenix. All rights reserved. Course Description This course introduces students to the foundations of communication in a business accounting setting. Students are exposed to various topics related to interpersonal and group communications within the context of applications to the accounting field. Students will develop skills in the forms of written communication, including memos, e-mails, business letters, and reports. Other topics include communication ethics, collaboration, information utilization, critical thinking, and professional competence and values. Policies Faculty and students will be held responsible for understanding and adhering to all policies contained within the following two documents: • University policies: You must be logged into the student website to view this document. • Instructor policies: This document is posted in the Course Materials forum. University policies are subject to change. Be sure to read the policies at the beginning of each class. Policies may be slightly different depending on the modality in which you attend class. If you have recently changed modalities...
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...this operation because it was no longer compatible with the corporations’ long term strategy. Comcast is also a multinational conglomerate whose operations center on cable and wireless technology. According to Reuters, in 2011, Comcast closed a merger with General Electric Company to form a new company named NBCUniversal, LLC. As part of the NBCUniversal transaction, GE contributed the businesses of NBCUniversal. As a result of the acquisition, Comcast developed a new management structure for NBCUniversal in regards to their senior management team, and because of this, the company culture changed under new leadership. In ‘Nine Reasons Organizations Need to Change’, Robert W. Swaim explains, “Mergers and acquisitions create change in a number of areas often negatively impacting employees when two organizations are merged and employees in duel functions are made redundant. Entities can attempt to change their culture, including management and leadership styles, values and beliefs. Of all the things organizations can change, this is by far the most difficult to undertake.” When Comcast unveiled its new management structure for NBC Universal, the new setup was designed to ensure continuity in the film and cable networks businesses, while bringing key changes at the NBC network. Comcast COO Steve Burke, who would serve as CEO of NBC Universal, announced details of the new setup and reporting lines in an email memo. His explained that plans for a flatter structure would give...
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...3 Organizational Strategy, Information Systems, and Competitive Advantage When Dee asked her boss for a budget to create her blog, he responded by asking the questions at the start of Chapter 2 (page 20). Using the knowledge in that chapter, she was able to respond, and he tentatively approved her budget request. Before he did so, however, he said that he wanted a memo from her on how her blog would provide a competitive advantage. He wanted that memo so that he could include it in the documentation he would use to justify the expense to his manager. The knowledge presented in this chapter will help her write that memo. An optional Extension for this chapter is CE3, “Knowledge Management and Expert Systems.” Study Questions Q1 Q2 Q3 Q4 Q5 Q6 How does organizational strategy determine information systems structure? What five forces determine industry structure? What is competitive strategy? What is a value chain? How do value chains determine business processes and information systems? How do information systems provide competitive advantages? How does the knowledge in this chapter help Dee and you? 37 38 Chapter 3 Organizational Strategy, Information Systems, and Competitive Advantage Industry Structure New Vendors Competitive Strategy Value Chains Business Processes Information Systems Threat of new entrants Lowest cost across the industry Customers Better product/service across the industry Better product/service within...
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...| Syllabus School of Business HRM/319 Version 1 Human Resource Information Systems | Copyright © 2009 by University of Phoenix. All rights reserved. Course Description This course focuses on the interface of the human resource management functions of an organization with computer technology. It identifies issues involved in creating, implementing, and maintaining human resources systems and the benefits of human resources systems. The class explores key topics in depth using computer analysis models to aid in managerial decision areas such as staffing, employee development, position management, total compensation, outsourcing options, and professional development. Policies Faculty and students/learners will be held responsible for understanding and adhering to all policies contained within the following two documents: University policies: You must be logged into the student website to view this document. Instructor policies: This document is posted in the Course Materials forum. University policies are subject to change. Be sure to read the policies at the beginning of each class. Policies may be slightly different depending on the modality in which you attend class. If you have recently changed modalities, read the policies governing your current class modality. Course Materials Ceriello, V. R., & Freeman, C. (1998). Human resource management systems: Strategies, tactics and techniques revised and expanded edition (2nd ed.). Hoboken, NJ: John...
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