...1. What is meant by the term “economic consequences” in accounting standard-setting? A. Accounting standards can have detrimental impacts on the wealth levels of the providers of financial information. Financial accounting is objective; if a company is not doing well, that's what the financial statements must present. "Economic consequences" is meant the impact of accounting reports on the decision making behavior of business, government, unions, investors and creditors. It is argued that the resulting behavior of these individuals and groups could be detrimental to the interests of other affected parties. And, the argument goes, accounting standard setters must take into consideration these allegedly detrimental consequences when deciding on accounting questions. 2. What economic consequences arguments are used in this letter? A. The economic consequences arguments that are used in this letter is the considerations of the wide range of concerns that have been expressed about the derivatives and hedging proposal, including concerns related to the potential impact on the capital markets, the weakening of companies’ ability to manage risk and others. The letter is suggesting for fairness and transparency with regard to the proposal of FASB and be open for public debate and comments as this is important in businesses, the customer’s and the economy as a whole. 3. What do you believe is the main point of the letter? A. The main point of the letter...
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...Is the RDR the future in differential reporting for for-profit entities? By Scott Sharp In March 2012, the External Reporting Board (XRB) proposed a number of changes to the New Zealand Accounting Framework, which enabled them to come to a decision in terms of differential reporting for for-profit entities. The XRB have chosen to align New Zealand with Australia and implement NZ IFRS Reduced Disclosure Regime (RDR). Is this the right decision moving forward in differential reporting? There is to be a four-tier structure with different reporting standards applying to each tier, however the bottom two tier are only transitional which will be removed according to legislative changes enforced. This allows us to focus on tier 2 for differential reporting which in order to qualify for the new RDR approach entities must be not publicly accountable or non-large public sector entities which elect to be in tier 2. Entities that are publicly accountable either trade in the capital markets and/or holds assets for a broad group of outsiders as one of its primary businesses. For a for-profit public sector entity to be considered “large” and thus placed in tier 1, it must have expenses exceeding $30 million. Under the current approach to differential reporting that was issued in 1994, entities must; not be publicly accountable, have all of its owners as member of the governing body at the end of the reporting period, and be not large. The criteria for “large” is a little different being that...
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...New System Proposal Team B CIS/207 January 16, 2013 New System Proposal Riordan Manufacturing Company is leader in industry, and the company uses polymer materials to create solutions to customers. Dr. Riordan, a professor of chemistry founded Riordan Plastics Inc. by 1993 the company went to Riordan Plastics Inc. to Riordan Manufacturing Company and expanded the company into China. In 1991 the company supported commercial applications for his patent and the customers that use the products are the manufacturer of automotive parts, appliance manufactures, the manufactures of aircrafts, and the Department of Defense (DoD), alone with bottlers, and beverage makers (Riordan Mfg., 2012). The company’s earnings are $46 million and the total revenue excesses $1 Billion. Riordan Manufacturing Company has over 500 employees in Albany GA, Pontiac MI, and Hangzhou China (Riordan Mfg., 2012). Looking into the company’s system, there isn’t any security features established to prevent anyone from accessing information on the company’s intranet. Logins should be required to access the information within the company’s intranet and also should be monitored by the IT department. When the company expanded their operations in to Hangzhou China the fan manufacturing operation moved from Pontiac Michigan to Hangzhou China, team B need to look at the financing and accounting department systems because it was never addressed on the switch, just added more software...
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...BUDGET PROPOSAL Management Accounting I CYNTHIA WIEM [00000011168] JULVIANI [00000011326] KEVIN [00000011144] MARIANI [00000011181] MICHAEL [00000011316] YULI H. SIREGAR [00000011391] UNIVERSITAS PELITA HARAPAN Class: A3 Lecturer: Ms. Yenny Martok Submission Deadline: July 23rd, 2015 Accounting Major 2015 ABSTRACT XYZ Ltd is a newly established company which specializes in lip care, thus our newest product is a lip balm called Naturél Tinted lip balm. It is, like other lip balms, used as a preparation to be applied on lips to soothe sore or cracked lips, but not just that. It also has the ability to revive the dead skin on lips back into its natural color. The main difference of our product is that our lip balms are 100% natural. XYZ Ltd aims to make this product knownworldwide and be the leading company in producing a lip balm using only natural ingredients. Therefore, the objectives are using various social media to market our product and relentlessly continue researching on the newest and more effective natural ingredients. As we know, one of the objectives of a company is to market its product and to be able to reach the desired profit, we must be able to do budgeting, a process in which we estimate our expense and income in selling a product so that we can prevent the possibility of debt. In this project, budgeting functions as “planning” stage in marketing our lip balm. Planning is the initial and important step in management. The expected benefit...
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...Literature Summa ries 62 Questions, Hypotheses, or Models? 64 Descriptions of Where to Look and Questions 65 Hypotheses 66 Models 67 Worksheet 4.1: Characteristics of a Good Research Topic 69 Worksheet 4.2: What to Look for in Reviewing Literature for a Dissertation 71 Worksheet 4.3: Characteristics of a Good Proposal Problem Statement 73 Your first task is to describe your problem in terms so enticing as to make the re viewer eager to examine the rest of your proposal. This job falls especially to the introduction and initial problem statement, but is shared with two other sections described in this chapter, the literature review and the questions, hy potheses, and models sections. The introductory section typically develops un derstanding of the problem by describing its significance in relation to the large, important problems already of concern to the reviewer and by showing the problem in the perspective of the field in which it is embedded. Thls leads into a section on related research (the literature review), which further develops problem understanding and appreciation by showing specifi 4S 46 ADVICE COMMON TO MOST PROPOSALS DESCRIPTION OF THE PROBLEM 47 cally how the problem is solidly grounded in the previous work of the field and how this project will take a significant step beyond what has already been done. This makes it possible at the end of the...
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...Sem.1 - Block 1 Email: n.pisani@uva.nl Consultation Hour during the course: Monday 17:30 – 18:30 Course Coordinator: Corine Boon M 2.26 020-525-4181 c.t.boon@uva.nl Lectures Dates Mon 01/09/2014 Mon 08/09/2014 Mon 15/09/2014 Time 15:00-17:00 15:00-17:00 15:00-17:00 Room REC-JK 1.90 REC-JK 1.90 REC-JK 1.90 Assessment: Individually Written Research Proposal 100% 1 COURSE DESCRIPTION This course is meant to support students in learning how to obtain and utilize data from WRDS platform for their thesis. Most students lack real world experience working with data, above and beyond the basics of spreadsheet analysis. As a result, students either do not know where to find the data they need or do not know how to handle data properly. This workshop is intended to increase your comfort level working with databases. Areas of topics that use WRDS database include, for example, corporate social (ir)responsibility (KLD), consensus and forecasts from security analysts (IBES), abnormal returns for specific corporate actions or events (Eventus), detailed audit information between accounting firms and corresponding companies (Audit Analytics), and any topic concerning firm financial performance (COMPUSTAT/CRSP/AMADEUS). The workshop consists of three parts (Each assessed in a different lecture): 1. Introduction to the most commonly-used databases in both academia and business. 2. Familiarization with the process of assembling and analysing a dataset. 3. Overview...
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...With respect to contingent liabilities, the proposal suggests that current obligations are the only ones to consider when accounting for liabilities, which in themselves should be stated separately from the events which may dictate their occurrence. The uncertainty of the events themselves should also be disclosed, when presenting the measurements for the liability. Additionally, defining contingency with regard to the amount required to settle a liability rather than the probability of its occurrence will aid the goal of better recognition rather than simple disclosure. Similarly, with respect to contingent assets, the proposed changes require elimination of the term “contingent asset,” and clarify that purely the rights associated with a past transaction or event give the ability to recognize an asset as such, to be controlled by an entity. The amendment proposal also inquires into the need for further guidance on how the creation of a constructive obligation is incurred, and proposes to omit the criterion of probability recognition, due to the contingent liabilities proposed change of recognizing the liability and applying contingency as a term solely for the amount and not the possibility of the liability. With regard to measurements, the proposal adds non-financial liability measurement to be determined in terms of the amount an entity would rationally pay to settle the present obligation, states the cash flow method as viable for measuring the above named liabilities...
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...To centralize or not to centralize? It's a hard call made harder by power struggles. CEOs can force a more thoughtful debate by asking three critical questions The chief executive of a European equipment manufacturer recently faced a tough centralization decision: should he combine product management for the company's two business units--cutting and welding--which operated largely independently of each other but shared the same brand? His technical leader believed that an integrated product range would make the company's offerings more appealing to businesses that bought both types of equipment. These customers accounted for more than 70 percent of the market but less than 40 percent of the company's sales. "You cut before you weld," he explained. "You get a better weld at lower cost if the cutting is done with the welding in mind." Managers in both divisions, though, resisted fiercely: product management, they believed, was central to their business, and they could not imagine losing control of it. The CEO's dilemma--were the gains of centralization worth the pain it could cause?--is a perennial one. Business leaders dating back at least to Alfred Sloan, who laid out GM's influential philosophy of decentralization in a series of memos during the 1920s, have recognized that badly judged centralization can stifle initiative, constrain the ability to tailor products and services locally, and burden business divisions with high costs and poor service.1 Insufficient centralization...
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...DRAFT GOVERNMENT OF THE PEOPLE’S REPUBLIC OF BANGLADESH STANDARD REQUEST FOR PROPOSAL (SRFP) FOR SELECTION OF CONSULTING FIRM (National) (Complex Time Based - above Tk. 10 Million) Central Procurement Technical Unit Implementation Monitoring and Evaluation Division Ministry of Planning August 2009 PS8 Guidance Notes on the Use of the Standard Request for Proposal These guidance notes have been prepared by the CPTU to assist a Procuring Entity in the preparation, using this Standard Request for Proposal (SRFP), for procurement of Intellectual and Professional Services having estimated cost above Tk. 10 million. The Procuring Entity should also refer to the Public Procurement Act, 2006 (Act No 24 of 2006), and the Public Procurement Rules 2008, issued to supplement the act available on CPTU,s website: http://www.cptu.gov.bd/. All concerned are advised to refer to the aforementioned Act and Rules while participating in any selection process of Consultants. The use of SRFP (PS8) applies when a shortlisting process following Expressions of Interest has taken place and the short-listed Applicants are invited to submit a Proposal. This document shall be used when a Procuring Entity (the Client) wishes to select an Applicant (Consultant) for assignments for which remuneration is being determined on the basis of the time actually spent by the Consultant in carrying out the Services. ...
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...[pic] STATE GOVERNMENT DEPARTMENT OF FINANCE AND ADMINISTRATION REQUEST FOR PROPOSALS FOR INFORMATION SECURITY ASSESSMENT SERVICES (ISAS) RFP NUMBER: 427.04-107-08 |CONTENTS | |SECTION | | |1 |INTRODUCTION……………………………………………………………………………….3 | |2 |RFP SCHEDULE OF EVENTS………………………………………………………………..................................6 | |3 |PROPOSAL REQUIREMENTS………………………………………………………………7 | |4 |GENERAL REQUIREMENTS & CONTRACTING INFORMATION………………….…..9 | |5 |PROPOSAL EVALUATION & CONTRACT AWARD…………………………………....13 | | | |RFP ATTACHMENTS: | | ...
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...Request for Proposal Implementing An Inventory Control System Blooming Business Hermitage, TN (615) 915-2548 Lorraine Huff Lorri1289@live.com PM598 – Summer 2012 TABLE OF CONTENTS 1. INSTRUCTIONS TO BIDDERS 4 Blooming business is a growing company that supplies consumers with seeds ordered from a catalog. We are looking to implement a new inventory control program that will help us to adequately handle our customer’s needs and help to improve the ability to maintain our product stock. 4 1.1. General Description of Work 4 1.2. What Must Be Included with Bid 4 Bidder must be licensed to perform work in the state of Tennessee. 4 Bidder must have a minimum of enter 2 years of experience providing inventory control system programming. 4 Bidder must have at least three (3) non-Bidder owned customer references for whom the Bidder has provided similar services during the past thirty-six (36) months preceding the bid due date. 4 Bidder is expected to examine the specifications, deliver schedule, prices and all instructions of the Request for Proposal or Invitation to Bid 4 Any supplies or equipment offered in a bid must be new and of current technology. 4 Firm prices should be bid and should include any taxes, along with shipping and handling charges. 4 1.3. Schedule of Bid Period Activities 4 1.4. Location of Work 4 1.5. Pre-Bid Meeting 4 1.6. Owner Contact for Questions 5 1.7. Pre-Award Surveys 5 1.8. Sealed Bid Requirements 5 1.10. Ethical...
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...|PLEASE ATTACH RECENT PHOTO |[pic] | | |Commonwealth Scholarship and Fellowship Plan | |APPLICATION FOR A COMMONWEALTH SCHOLARSHIP IN SOUTH AFRICA | |1.a) TITLE (delete as applicable) |Mr / Mrs / Miss / Ms / Other | |1.b) NAME (underline surname) | | |2.a) PERMANENT ADDRESS | | | |2.b) EMAIL ADDRESS | | |3. ADDRESS FOR CORRESPONDENCE (if different from above) | | | |4...
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...Program Planning and Grant Proposal HSM 270 Program Planning and Grant Proposal Working in human service fields certain individuals within the agency will be investing their time on program planning and grant proposals. Program planning is the first step in planning of a particular program in which needs funds. Program planning is a process with objectives, setting up goals and evaluation of all statistical data is measured. In this process of program planning; the team illustrates where a program or service might be needed in the community or city. It is a plan that someone or a group puts together so that the program function thoroughly. After careful ideas are secure in laid out on paper a grant proposal is the next step. The grant proposal must address the grantor’s goals, objectives and their main priorities. Through specific and clearly defined detailed information within the proposal would it be considered by the funders to be addressed. An application for a grant should include the following detailed information: 1. Table of contents 2. Abstract 3. Specific goals 4. Targeted area 5. Evaluation plan 6. Budget and budget justification 7. Community support Grants use the same basic information as with the planning of a program so that it can be approved. This process is one of the similarities between grant proposals and program planning. One difference is that a grant is a plan for money and a program plan is ideas that someone...
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...find another Harvard MBA that wanted to work in customer service. Donna took advantage of every opportunity with to advance at Apple through her direct and hard-nosed style. Donna’s individual performance was impressive. She was able to deliver results and her groups performed well on key metrics. Apple was the perfect place for Donna since being a young company light on formality that underwent frequent reorganizations. Apple’s fast growth, loose organization, and corporate culture allowed Donna to make decisions “above her pay grade” and thus demonstrate her ability to perform at higher levels of responsibility. Place yourself in Dubinsky’s position. Why did she respond the way she did to the JIT proposal? Donna could never understand why the JIT proposal was even being discussed. She didn’t see any problems in the distribution area, and thought this was a cost cutting measure by Jobs because the Mackintosh division was underperforming. Donna never understood why the reins had been taking from her hands in the first place and given to the taskforce. Donna viewed this as a direct attack on her job and remarked “I didn’t know why there should be a taskforce at all. Distribution’s our job”. In her mind everything was working so well. There was no problem to solve. What do you think she should have done differently and why? Be specific....
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...Grant Proposals It doesn’t matter if the business is just an agency, organization, for profit or non-profit they need money to operate. Profit companies focus on getting their funding through revenues and interest-bearing loans. Non-profit companies depend on grants, loans, and public generosity. It is a must to understand that non-profit agencies are businesses too and they also need a way to pay for their expenses. Writing grants is the way an agency finds funding. Either an employee professional grant writer or having administrative personnel to write the proposals, they then submit them for review to potential donors. Writing grants proposals is far from an easy to deal with. There are deadlines, awareness of what programs a funder is looking to invest their time and money into. Details for the application are an important part to writing a grant. Some are short and don’t require much information, while others require detailed description of the program. This is the grant writer’s priority to make sure that it meets requirement and all the information that is needed is there. The primary point to a proposal is that is to get their program out there and to make it clear and honest picture of the organization project for those funding and in general. The writer must convince the review committee that their program is the best to choose. Grant proposals are the entrance to a organization, and creative writing can either win the committee over or break the deal. The information...
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