...abuse. First there should be a strong code of ethics policy which is “a set of documented guidelines for moral and ethical behavior within a company” (Turner, 86). Managers and employees all need to aware of this policy and should be trained accordingly and order to help maintain the integrity within the company. Segregation of duties is really important. For instance in this case, the brand manager has a total control over estimating the coupon liability which can be approved by another manager within the company for control purposes. The company hiring process should include a strong screening background checks to make sure that they are bringing good and honest people on board References Turner, L., & Weickgenannt, A. (n.d.). Acccounting Information system: controls and processes (2nd ed.)....
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...This is the intoduction I wrote for my acccounting project. Introduction ASC 840, Leases and FASB Statement No. 13, Accounting for Leases covers the standards of financial accounting and reporting for leases by lessee and lessor. A lease is a contract in which the lessor gives the lessee the right to use an asset (property, plant and equipment) for a specified period of time in exchange for periodic rental payments. The lessor is the owner of the property and the lessee is a tenant or renter. Most frequent examples of assets acquired by lease include automobiles, building space, computers and equipment. NeedsSpace entered into a lease agreement with WeHaveIt to rent space for its corporate offices. The lease is classified as an Operating Lease in accordance with ASC 840, Leases and FASB Statement No. 13, Accounting for Leases. What is an Operating Lease? An Operating Lease is when the lessor gives the lessee the right to use leased property for a limited period of time but retain all the risks and the rewards of ownership. The lease also has a 10 year lease term and there is no option to renew nor is the ability to negotiate for the renewal provided in the lease agreement. Lease term defined in FASB 13 states: “The fixed non-cancelable term of the lease plus all periods, if any, covered by bargain renewal options, all periods, if any, for which failure to renew the lease imposes a penalty on the lessee in an amount such that renewal appears, at the inception of the lease...
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...Re: Case 03-05, Accounting Issues Background Trademark, Inc., a public and growing global corporation, creates, assembles, and disburses their products through four main divisions of their corporation: Greeting Cards and Stationery, Calendars, Party Goods, and Specialty Gifts. Their core business comes from their customers in drug stores and supermarket chains. In the early to mid 1990’s, Trademark saw significant growth in response to their IPO issuance in 1992, however, since 1994, they have seen a flat and ultimate declining growth in their product. Issue Recently, Trademark, Inc. has realized an overstatement in their return of damage goods and are considering halting their previously acceptable return of slow-moving merchandise for a full refund for some larger customers. What potential misstatements, if any, related to the issues identified should Nancy, Trademark, Inc.’s auditor, consider? Analysis (1) Return for Damaged Goods Trademark, Inc. soon realized after shipping products to customers that the customers were displeased with their products. The boxes, in which the products were shipped in, were damaging their products, which in return caused customers to return Trademark, Inc.’s products. In response, Trademark changed shipping companies and fixed this problem for customers, ultimately lowering the amount of returns by customers. Should Trademark, Inc. follow their current company policy estimate of 25% or change to 22%? Option #1: Trademark, Inc...
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...Introduction Forensic accounting has been around for many years. With the spotlight on accounting due to high profile scandals such as the Enron debacle, the market for forensic accountants has increased. The increase in white collar crimes due to the economic downturn also has forensic accounting in high demand. These accountants assist in investigating financial, auditing and business related issues and require specialized training. Forensic accountants are retained by lawyers, police forces, insurance companies, banks, and the business community. Government agencies employ forensic accountants as well. Accounting positions at the FBI date back to the 1970s and around 15 percent of today’s agents qualify as special agent accountants. These agents investigate terrorists, spies, and criminals of all kinds who are involved in financial wrongdoing (FBI.gov, 2012). Determine the most important five (5) skills that a forensic accountant needs to possess and evaluate the need for each skill. Be sure to include discussion regarding the relationship between the skill and its application to business operations. Forensic accounting is a specialty field within the broader area of accounting. These accountants are more than just number crunchers. The realm of forensic accounting requires a certain type of person who possesses specific skills and traits. Besides the core knowledge and skills of any Certified Public Accountant (CPA), they must know how to use a variety of computer...
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...Information Technology Strategic Planning Name: Institution: Date of Submmision: IT Strategic Plan for Jade Fashions Company Limited According to Evans (2002), strategic planning is an organizational management action used to lay down priorities, focus resources and energy and strengthen organization’s operations. The plan ensures that staff and other stakeholders share common goals in their work, establishes accord around intended results or outcomes, and reviews and adjusts the direction of the organization in reaction to any changing environment. It is a closely restricted effort that creates essential decisions and actions to help in shaping and guiding the identity of an organization, what it does, whom it serves, and why it does it, focusing on the future (Kim 2001). In agreement with Evan (2002), strategic planning entails a framework or structure, a set of procedures, and content. A strategic plan communicates the goals of the organization, the activities needed to attain those goals and all of the other significant elements of the planning exercise to the organization. This communication is measurable through a Balanced Score Card. According to Robert Kaplan and David Norton, the Balanced Score Card is a strategic planning and management system used to align business processess to the mission and vision statement of an organization, improve external and internal communications, and monitor the performance of the organization against its strategic goals. According...
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.................................................................................. 4 Industry Characteristics.............................................................................................................................................................................................. 6 Major Accounting Policies of the Industry ................................................................................................................................................... 10 Impact of IFRS ................................................................................................................................................................................................................. 14 Major Deviations in Acccounting Policy of Major Players of the Industry.............................................................................. 16 Page 1 CHOICE OF INDUSTRY: FMCG FMCG goods, commonly known as consumer packaged goods, include all consumables FMCG Leading Segments (other than groceries/pulses) that people buy at regular intervals. The most common in the list are toilet soaps, detergents, shampoos, toothpaste, shaving...
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...UTILIZAÇÃO DO INDICADOR DE EFICÁCIA GLOBAL DE EQUIPAMENTOS (OEE) NA GESTÃO DE MELHORIA CONTÍNUA DO SISTEMA DE MANUFATURA - UM ESTUDO DE CASO Ana Carolina Oliveira Santos (UNIFEI) ana_carolyna@yahoo.com.br Marcos José Santos (UNIFEI) magal.santos@yahoo.com.br Nos dias de hoje, com a economia globalizada e com a grande competitividade do mercado, as empresas de manufatura vem procurando se adequar cada vez mais às exigências dos clientes. Por esse motivo, a medição do sistema de manufatura vem see tornando cada vez mais essencial para a resolução de problemas e para a própria melhoria contínua desses sistemas de manufatura. Assim, sob este aspecto, faz-se necessário que as empresas brasileiras busquem melhorar continuamente a eficácia de seus equipamentos, identificando e eliminando as perdas e, conseqüentemente, reduzindo custos de fabricação. A eficácia global dos equipamentos é utilizada na metodologia TPM - Total Productive Maintenance, onde é proposto um indicador conhecido na literatura internacional como OEE - Overall Equipment Effetiveness. Este trabalho pretende discutir, através de um estudo de caso, como a eficácia global dos equipamentos pode auxiliar na melhoria contínua dos equipamentos e na eficiência de produção do sistema de manufatura. Palavras-chaves: TPM, OEE, Melhoria contínua 8 Y G E q Gr@ 8ri P i 8 Sr8v C X u S a ` GC D 8r E 8C q S i S D h E Y Q P d S a ` P Y C X G 8 U S Q 8 P H E C 8 @ 8 FAF hEY FAtsAtyBARptyxwS FeFAbc¥Fcts@ R¥FFApFFS Ag FfBeFcbBFVS...
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...CHAPTER 1 ACCOUNTING IN ACTION Summary of Questions by STUDY Objectives and Bloom’s Taxonomy |Item | |1. | |51. | |224. | |235. | |270. | |1. | |4. | |12. | |13. ...
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...Report by the Commission on the Measurement of Economic Performance and Social Progress Professor Joseph E. STIGLITZ, Chair, Columbia University Professor Amartya SEN, Chair Adviser, Harvard University Professor Jean-Paul FITOUSSI, Coordinator of the Commission, IEP www.stiglitz-sen-fitoussi.fr Other Members Bina AGARWAL Kenneth J. ARROW Anthony B. ATKINSON François BOURGUIGNON Jean-Philippe COTIS Angus S. DEATON Kemal DERVIS Marc FLEURBAEY Nancy FOLBRE Jean GADREY Enrico GIOVANNINI Roger GUESNERIE James J. HECKMAN Geoffrey HEAL Claude HENRY Daniel KAHNEMAN Alan B. KRUEGER Andrew J. OSWALD Robert D. PUTNAM Nick STERN Cass SUNSTEIN Philippe WEIL University of Delhi StanfordUniversity Warden of Nuffield College School of Economics, Insee, Princeton University UNPD Université Paris 5 University of Massachussets Université Lille OECD Collège de France Chicago University Columbia University Sciences-Po/Columbia University Princeton University Princeton University University of Warwick Harvard University London School of Economics University of Chicago Sciences Po Rapporteurs Jean-Etienne CHAPRON General Rapporteur Didier BLANCHET Jacques LE CACHEUX Marco MIRA D’ERCOLE Pierre-Alain PIONNIER Laurence RIOUX Paul SCHREYER Xavier TIMBEAU Vincent MARCUS INSEE INSEE OFCE OCDE INSEE INSEE/CREST OCDE OFCE INSEE Table of contents EXECUTIVE SUMMARY I. SHORT NARRATIVE ON THE CONTENT OF THE REPORT Chapter 1: Classical GDP Issues . . . . . . . . . . . . . . . . . ....
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...STUDY MATERIAL Integrated Professional Competence Course PAPER : 1 ACCOUNTING VOLUME – I BOARD OF STUDIES THE INSTITUTE OF CHARTERED ACCOUNTANTS OF INDIA This study material has been prepared by the faculty of the Board of Studies. The objective of the study material is to provide teaching material to the students to enable them to obtain knowledge and skills in the subject. Students should also supplement their study by reference to the recommended text books. In case students need any clarifications or have any suggestions to make for further improvement of the material contained herein, they may write to the Director of Studies. All care has bee n taken to provide interpretations and discussions in a manner useful for the students. However, the study material has not been specifically discussed by the Council of the Institute or any of its Committees and the views expressed herein may not be taken to necessarily represent the views of the Council or any of its Committees. Permission of the Institute is essential for reproduction of any portion of this material. © The Institute of Chartered Accountants of India All rights reserved. No part of this book may be reproduced, stored in a retrieval system, or transmitted, in any form, or by any means, electronic, mechanical, photocopying, recording, or otherwise, without prior permission, in writing, from the publisher. Revised Edition Website E-mail Committee/ Department ISBN No. Price Published by : : : : : : :...
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