...In case situation 1, the change in the accounting estimate is used due to changes being made for future benefits. Under the current GAAP “Generally Accepted Accounting Principle” SFAS No. 154, the change in accounting estimate is reported as the following: a. Applied to the period of change and future periods only. b. Amounts reported for periods will not be restated or retrospectively adjusted. Depending on the method the company chooses to use will determine how the change is computed. If using the straight line method the company will first find the net book value of each fixed asset. Take the current value of the asset and began to depreciate it by the new depreciation years. As a result on the balance sheet or income statement in the prior years, no change is reported. However, it will affect the net income of the current and future years. The foot notes may read: After reviewing the company’s fixed assets life, it is determined that we would be reducing the life of all existing fixed asset by five years. This was based on the fact that the present depreciable life of the assets is presently too long to fairly match the cost of the fixed asset with the revenue produced to be the conclusion. In case situation 2 the change in reporting entity was used in this case. Once again, under the existing GAAP “Generally Accepted Accounting Principle” SFAS No. 154 the change in reporting entity is reported as the following: a. Retrospectively applied to financial statements of...
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...GUIDELINES...............................................................................7 REAR YARD FENCE GUIDELINES ......................................................................................9 PLAY EQUIPMENT GUIDELINES ......................................................................................11 SATELLITE RECEIVER (DISH) GUIDELINES ..................................................................13 GENERAL IMPROVEMENTS, LANDSCAPE & MAINTENANCE GUIDELINES..........14 LIST OF RECOMMENDED PLANT SPECIES ....................................................................19 EXHIBIT A REQUEST FORM 2 CHRISTENBURY MASTER ASSOCIATION, INC. ARCHITECTURAL CONTROL COMMITTEE INTRODUCTION The Architectural Control Committee (ACC) is providing the attached Architectural Design Guidelines (“Guidelines”) in accordance with that Declaration of Covenants, Easements, Conditions and Restrictions (“Declaration”), for purposes of establishing and maintaining exterior design elements throughout Christenbury. This document should be filed with the homeowners’ copy of the Declaration received at closing. It is the responsibility of each homeowner to pass along the Declaration and Guidelines to any future buyer of their home at Christenbury. It is important to note that the Guidelines are applicable to most all future building exterior and property...
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...Jose Cando ENGL-2327 April 26, 2014 Balcones Fiction and Poetry Winners Reading Event: Natalie Diaz’s Reading of When My Brother Was an Aztec Outside the ACC Theater on April 9th, the public was greeted by tables of refreshment including fruits cheeses and crackers which was a nice surprise. Although, I had expected a packed theater, only about forty people were waiting inside. The event started at 6:30 pm when Charlotte Gullick, the chair of the creative a writing department took the stage. After promoting some of creative writing classes at ACC, she described the significance of the Balcones prizes. A teacher from the English department took the stage next to talk a little more about the Balcones prize. He pointed out that Natalie Diaz was the sixteenth winner of this prize. He described Ms. Diaz as a woman with her foot “in three different worlds.” Her childhood was spent on the Mojave reservation in the California Desert. She attended college in Virginia on a basketball scholarship, and from there she played professional basketball in Europe and Asia. After injuring her knee, she left basketball to study poetry in graduate school. Therefore, he claimed, she has a foot in the worlds of the reservation, basketball and poetry. With that, he welcomed Nathalie to the stage. Nathalie jumped into reading her poem, “When My Brother Was an Aztec.” I was shocked to hear the bitterness and resentment in her voice as she describe her brother as a nasty and careless force which...
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...ECON 125-HK2. Economics for Managers Exam http://homeworkfy.com/downloads/econ-125-hk2-economics-for-managers-exam/ To Get this Tutorial Copy & Paste above URL Into Your Browser Hit Us Email for Any Inquiry at: Homeworkfy@gmail.com Visit our Site for More Tutorials: (http://homeworkfy.com/ ) > TAKE ASSESSMENT: EXAM 1 Question 1 2 points Save Which of the following economic systems abolishes all private property? communism socialism fascism all of the above Question 2 2 points Save The profit motive is one characteristic of a command economy. True False Question 3 2 points Save In a market system, the government enforces laws ensuring that private enterprises and conditions of competition will prevail. True False Question 4 2 points Save The most common type of business in the United States is the corporation. True False Question 5 2 points Save Laissez-faire is a policy of no government intervention in the economic activities of individuals and businesses. True False Question 6 2 points Save In a partnership, each partner’s liability is limited to his or her contribution to the partnership. True False Question 7 2 points Save There are no government-regulated markets in the U.S. economy. True False Question 8 2 points Save Which of the following is not among the United States’ economic goals? ...
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...To summarize, the balanced scorecard views the mission and strategy of the organization from four perspectives: • The business owners/shareholders (represented by the Financial perspective) • Customers and other stakeholders (represented by the Customer perspective) • Managers and process owners (represented by the Internal Business Processes perspective) • Employees and infrastructure capacity (represented by the Learning and Growth perspective) Within each perspective, the following elements are developed: • Strategic Objectives - what is the process that will be used to define strategic objectives and what are the strategic objectives that should be achieved using each perspective? • Measures - how will progress for each objective be measured? • Targets - what is the target value sought for each measure? • Initiatives or action plans - what will be done to facilitate the reaching of the targets? Why does all this matter? Well, the basic reason is that everything is connected to everything else, even though policies may be created by people in widely different corporate units; those connections are often full of unintended consequences. Here’s a classic example of the complications of integrating marketing strategy with human resource strategy. At one point, Proctor and Gamble had product managers who were paid based on how well their products performed. It sounded like a pretty good human resource strategy. Thinking about people as an investment and paying them using...
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...Pathopharmacological Foundations for Advanced Nursing Practice Competency Assessment WUT Task 1 Pamela L. Taylor RN-C(OB), BSN Western Governors University June 2016 A. Disease Process For the purpose of discussion of pathopharmacological features of a specific disease process, this paper will provide information related to heart disease in the form of coronary artery disease (CAD). A1. Pathophysiology Analysis Cardiovascular disease (CVD) is the number one cause of mortality worldwide and becoming a steadily more investigated problem due to its prevalence. Much research is going into genetic, inflammatory mechanisms and neuro-hormonal factors related to CVD as scientific knowledge evolves regarding complexity of this broad pathophysiology. Atherosclerosis is the leading cause of the subsection of CVD called CAD. This is a form of arteriosclerosis where there is progressive thickening and hardening of the vessel walls of the two major coronary arteries and their branches. The thickening is an accumulation of lipid-laden macrophages inside the wall of the artery leading to the formation of lesions and plaque buildup (McCance, K. & Huether, S., 2014). When the plaque develops on the coronary artery walls the pumping ability of the heart becomes impaired as oxygen and nutrients needed for heart function may be partially or completely impeded. Complete occlusion of a coronary artery or one of its branches leads to a myocardial...
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...The King of Pop: Coca-Cola Linn B. Jordan Strayer University Professor Wendy W. Achilles ACC 499 April 14, 2013 The King of Pop: Coca-Cola Coca-Cola is worldwide known as one of the most famous non-alcoholic beverages. Coca-Cola products have been almost everyone’s favorite for the past 125 years. As going into its 126th year in business, the company is growing bigger and stronger than ever before with a seemingly effortless grip on the market with its recent announcement in earning more profits while its competitors were losing profit. Following is a closer look at the company’s financial information being analyzed to further confirm its standing among other players. In Mike Esterl’s article on the Wall Street Journal, he indicates that Coca-Cola is the number one soft-drink brand in the United States – a huge market in the North American market. Numbers in Esterl’s article shows that Coca-Cola has a 42 percent of the market which translates to how well Coca-Cola is doing in the United States alone. According to Coca-Cola, the North American market has the net operating revenues (in millions) of $8,191 in 2010, $11,140 in 2011, and $20,559 in 2012 and profit incomes, also in millions, of $1,699, $1,520, and $2,318. These numbers show that the North American market is doing relatively well based on these increasing figures over the three-year period although there is a slight setback in operating income in 2012. Regarding the volume growth, North American market alone...
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...Assignment 2: Litigation, Censures, and Fines Tracy Cranden Professor Slater ACC 499 Due: August 25, 2014 1. Analyze the primary accounting issues which form the crux of the litigation or fine for the firm, and indicate the impact to the firm as a result of litigation or fine. Provide support for your rationale. Ernst & Young was fined $2 million to settle charges relating to audits conducted for Medicis in 2005, 2006, and 2007. The primary issue that made this case arise was Ernst & Young failed to properly evaluate the sales returns reserve from the company’s financial statements (“PCAOB”). The PCAOB says they “failed to fulfill their bedrock responsibility,” especially as one of the big four accounting firms that dominate the market (“PCAOB”). Ernst & Young had been Medicis’ auditor for over 20 years. Ernst & Young did not admit or deny wrongdoing on their part (“PCAOB”). 2. Examine the key inferences of corporate ethics related to internal controls and accounting principles which lead to the litigation or fine for the accounting firm. During an audit inspection, the PCAOB discovered evidence that Ernst & Young questioned itself internally before allowing faulty assumptions to pass unchallenged (Whitehouse). This goes back to Ernst & Young’s internal controls. It is the company’s responsibility to make sure that they don’t overlook anything important like that. The fact that there was evidence that they had questioned some of these...
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...Running head: Internal Fraud Internal Fraud Jennifer England Strayer University Accounting Capstone – ACC 499 Professor Grant A. Wills August 3, 2011 Internal Fraud Infosys Limited is an IT and consulting company, it defines, designs and delivers technology-enabled solutions for Global 2000 companies. Infosys provides business and technology consulting, application services, systems integration, product engineering, custom software development, maintenance, re-engineering, independent testing and validation services, IT infrastructure services and business process outsourcing. Infosys pioneered the Global Delivery Model, which is based on the principle of taking work to the location where the best talent is available, with the least amount of acceptable risk and where it makes the most economic sense. Infosys employs more than 15,000 foreign workers in the United States. In February of this year, a suit was filed in Alabama that accuses Infosys of purposefully sending its Indian employees to work full-time on incorrect visas, and that Infosys was paying these employees in India for full-time work in the United States without withholding federal or state income taxes, and overbilling customers for the labor costs of these employees. Foreign nationals that work in the United Stated on temporary contracts require an H-1B visa. In 2009, increased restrictions began on H-1B visas and in 2010 the application price for H-1B visas doubled, this is when Infosys began sending...
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...Gender and Age-Related Differences for Seat Belt Usage Nehir E. Kurşun¹ and Fatih M. Yaşar² ¹Department of Fashion Design & Department of Psychology, Izmir University of Economics ²Department of Media and Communication, Izmir University of Economics Abstract The study of examined that gender and age-related differences in seat-belt usage or not usage at different travelling conditions. Moreover, seat belt usage or not usage was related with license year, active year on the traffic, daily time at traffic and place is examined. Firstly observed was done and after that face-to-face interviewing was made with 150 interviewees, who were different gender and at different age. Reported seat belt usage reasons were “safety”, “inexperienced”, “avoiding punishment”, and “previous crash experiences”. Not using seat belt reasons were reported “situational conditions”, “being at traffic continuously”, “discomfort” and “over trust to the driver”. “Safety” was the most mentioned reason for using seat belt and “being at traffic continuously” was the most common reason to not using a seat belt. Results showed that gender differences for seat belt usage, women used the seat belt more than men and being female and being older were effected the seat belt usage rate. Additionally, age-related differences for seat belt usage, results showed that young people, adults and older people all of them used seat belt in general...
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...The Influence of Societal Norms on Leadership, Corporate Culture and Ethical Business Practices Media is consistently reporting scandals, acts of dishonesty, and other unethical behaviors by organizations within the United States and abroad; many factors can be attributed to this issue. The primary reason is a corporate culture that lacks emphasis on ethical decision-making (Chen, Sawyers & Williams, 1997). Leadership often feels pressured to sellout their personal ethics to achieve organizational goals at any cost. The behaviors and actions of a workforce within an organization can be influenced by many factors. The culture within an organization consists of the behaviors and actions of the employees, management, stakeholders, creditors, customers, and society (Chan & Cheung, 2012). Corporate culture is defined as “the shared beliefs top managers in a company have about how they should manage themselves and other employees, and how they should conduct their business (es) (Ferrell, Fraedrich, & Ferrell, 2013 p. 181). How does this culture affect the business practices within the organization? If unethical behavior is the practice of the leadership within the organization then the employees within the organization will be negatively affected and therefore also exhibit unethical practices. If the leadership has significant influence over the workforce what may influence the leadership within the organization? Societal norms may negatively or positively impact the culture...
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...| ACCOUNTING CHANGES | | | Sabrina Whitehead | Dr. M. Austin ZekenAccounting Undergraduate Capstone Acc 499 | 4/26/2012 | | Discuss the primary reason for the restatement and the impact to the financial results for the Company. Dell computers has delivered technology solutions for more than twenty-six years and has transformed countries, communities and the private sector to help achieve their goals at work, home and school. Michael Dell created PCs Limited but later changed the name to Dell Computer Corporation in 1984, as a freshman attending the University of Texas. The young entrepreneur purchased computer parts from wholesale distributors, installed them in his version of the IBM, and then began selling the custom-built person computers from his dorm room. After one year of successful business Michael Dell left college and incorporated his business and the Dell Company went public, selling stock market shares for $8.50 per share. After years of financial accomplishment in 2006 the Securities and Exchange Commission (SEC) made inquiries of Dell internal accounting and Dell Inc. was investigated after a review of past accounting and reporting practices and company eventually disclosed wrongful conduct for deferring revenue coming from software sales, errors and irregularities which took place from 2003 through 2007. The investigation concluded that a number of adjustment were improper, including the creation and release of accruals and reserves...
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...Lillian Anderson Prof. Terri Hoenstine June 4, 2010. Assignment #4 ACC – 499 Page 1 of 5 Case – King Jewels: Ethical Leadership in Practice 1. Discuss how the leadership style may have contributed to unethical behavior. Leadership style refers to approach of providing direction, implementing plans and motivating people. In 1939, Kurt Lewin led a group of researchers to identify the different styles of leadership. The three major styles of leadership are (a). authoritarian – when leaders tell their employees what to do and how they want it accomplished with employee input; (b). participative – when the leader includes one or more employees in the decision making process and (c). delagative – when the leader allows the employees to make the decisions. The leadership style of Andy Wong may have contributed to unethical behavior in the following ways: (1). His personality may have played a factor in his leadership style. He was described as being gregarious (fond of the company of others; sociable) and entrepreneurial (a person who organizes, operates, and assumes the risk for a business venture). The business was founded by himself and his wife and it started off as a two-person company. This lets us he was very passionate about the company. He had a hands-on leadership style and this motivated his staff. These qualities are good but are not good enough to prevent unethical behavior. (2). As the C.E.O of KingJewels...
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...Adjusted present value Wadia Haddaji February 20, 2008 • Topics: 1. Adjusted present value. • Readings: 1. Brealey, Myers and Allen, section 20.4. 1 The Adjusted-Present-Value Rule • Recall that we can write the value of a levered firm as the value of an otherwise identical all-equity firm and the value of its financing decisions: V = VU +NPV(financing decisions). • It is then obvious to define the APV of a project as the sum of its NPV to an all-equity firm and the PV of the associated financing decisions: APV = NPV(unlevered project) + NPV(financing decisions) • Separating the APV of a project into its NPV to an all-equity firm and the value of the associated financing decisions should be generally useful for the financial manager. 2 A Comparison of WACC and APV • Features/advantages of WACC. 1. WACC accounts for tax shield benefit of interest in discount rate. 2. WACC is widely adopted by practitioners and is easy to use. 3. WACC is applicable when D/E remains essentially constant through project life. 4. WACC is most appropriate when the project is “typical” of the firms traditional businesses (i.e., same risk), or “scale enhancing”. • Features/advantages of APV. 1. APV accounts for tax shield benefit of interest in cash flows (not discount rate). 2. APV was introduced by academics and is slowly being adopted in practice. 3. 11% of firms always or almost always use it. • APV often requires/accomodates knowledge of a particular debt repayment schedule. • APV (as opposed...
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...THE COCA-COLA COMPANY FINANCIAL RESULTS ANALYSIS EARNINGS CALL DATE: OCTOBER 16, 2012. ACC 499 JAMES N. LEWIS INSTRUCTOR: DAVID REPP DATE: JANUARY 27, 2013 The North American Market and its Impact to volume growth or declines for the period In the October 16, 2012 3rd quarter earnings release, the North American market was referred to as Coca-Cola’s flagship market. This reason for this classification becomes apparent when one considers that fact that this market recorded volume growth for 10 consecutive quarters. For the 3rd quarter of 2012, the volume growth in unit cases was 2%, while net revenues increased by 5%. This is impressive when you consider the fact that this volume growth was achieved in spite of a price increase of two percent to combat rising material costs. The Operating Review section of the earnings release for the 3rd quarter shows that this market was able to achieve a 5% increase in net revenues and a 34% increase in operating income. The non-alcoholic ready to drink (NARTD) total market volume grew for the 3rd quarter due to the company’s efforts to improve its brands and the quality of service to its customers. Coca-Cola Zero and Seagram’s were the primary contributors to this positive performance, recording growth of 9% and 11% respectively, with still beverages experiencing a volume growth of 7%. What is impressive it that this growth was achieved even though the company experienced an inconsistency in consumer spending...
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