...Your manager would like you to manage one of the teams in this new department. Your manager has put together the team you will be managing. Your new team consists of the members of your current Learning Team. To be successful in the new market segment, your team must efficiently accomplish the goals set by the company. Your manager, therefore, would like you to develop a leadership approach for each team member on your team based on the theories of leadership and each member’s individual personalities. Write a memo to your manager of no more than 1,400 words in which you explain how you plan to successfully lead your team. Include the following: Evaluate the individuals, including yourself, based on the personality assessment. Evaluate the situation in terms of urgency, culture, and so forth. Determine leadership approaches, based on individuals and the situation. Highlight the principles you have applied from various leadership theories. Format your memo consistent with APA guidelines. Click the Assignment Files tab to submit your assignment 2- Your Learning Team is a team of managers of a customer call center for timeshare vacations. Discuss, with your team, the types of control measures you would use to see how efficient and effective an employee is. Discuss, with your team, the measures you would use to evaluate the entire call center. Prepare a 350- to 1,050-word paper detailing the findings of your discussion. 3 QUIZ The control process assumes that...
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...participants receive whatever benefits have accumulated each year, employer records an expense an a related liability for the contribution Defined benefit plan - employer agrees to provide a benefit at retirement that is defines or fixed by formula employer accepts risk of meeting the obligation upon employee's retirement requires use of complex actuarial estimates Involves 2 accounting entities employer sponsor - reports pension expense on the income statement, and apension liability which is the sum of two accounts - accrued/prepaid pension cost and additional liability, and an intangible asset -deferred pension cost (if required) employee sponsor must also maintain these accounts on a memo basis -unrecognized prior service costs and unrecognized gains and losses pension plan - maintains these accounts: projected benefit obligation,accumulated benefit obligation (for reporting purposes only), vested benefits (for reporting purposes only) and plan assets Terminology Accumulated Benefit Obligation (ABO) - actuarial present value of benefits (vested or unvested) attributed by the pension benefit formula to employee services rendered before a specified date, and based on employee service and compensation prior to that date. The ABO differs from the PBO in that it includes no assumptions about future compensation levels. Actual return on plan assets - difference between fair value of plan assets at the end...
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...intermediate and advanced financial accounting courses to new economic transactions and business decisions. Cases will be used to permit you to practice the skills you will need as a professional accountant whether in public accounting or private industry. In particular, this course is intended to refine your skills in researching the professional accounting literature to solve particular accounting problems, to arrive at defensible solutions where GAAP is vague or nonexistent, and to present your research conclusions in a professional manner. You will have opportunities to present your work orally and in writing. REQUIRED MATERIALS: A recent Intermediate Accounting text (Kieso used in Acct 315 & 414 would be fine) A recent Advanced Accounting text (whatever was used in for Acct 415-515 would be fine) On-line access to FASB’s ASC (accounting standards codification). The Department has purchase academic license so you can use the $850 “professional” version rather than the free version which has fewer bells and whistles. You can log on from fasb.org but it will take you to http://aaahq.org/ascLogin.cfm where you enter User ID and Password: User ID AAA51700 Password (see your paper version of syllabus) Other Course Materials are provided on the course webpage and you will probably want to print some or all of those files but the cost will just be paper or your UI student print allowance. More pages can be purchased when you run out. See the Help Desk. ...
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...Acct 306 Case Project Memo: To: Joe Carpet of NeedMoreRoom, Inc. From: Date: August 5, 2012 Subject: Accounting for lease obligation The proper treatment for the first provision in the lease agreement stating, “Lessor requires the lessee to perform general repairs and maintenance on the leased premises.” It should be addressed as follows: The proper treatment for the second provision in the lease agreement stating, “Lessor requires the lessee to remove all leasehold improvements such that the premises are reinstated to original condition.” It should be addressed as follows: 840-20-25-11 Leasehold improvements are investments made to customize buildings and offices occupied under operating lease contracts to make them suitable for the intended purpose. The present value of estimated reinstatement costs to bring a leased property into its original condition at the end of the lease, if required, is capitalized as part of the total leasehold improvements costs. At the same time, a corresponding liability is recognized to reflect the obligation incurred. Reinstatement costs are recognized in profit and loss through depreciation of the capitalized leasehold improvements over their estimated useful life. With the exception of investment properties, property and equipment is carried at cost less accumulated depreciation and accumulated impairment losses and is periodically reviewed for impairment. The useful life of property and equipment is estimated on the...
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...For the exclusive use of Z. YUAN Harvard Business School 9-191-002 Rev. October 15, 1999 Nordstrom: Dissension in the Ranks? (A) The first time Nordstrom sales clerk Lori Lucas came to one of the many “mandatory” Saturday morning department meetings and saw the sign—”Do Not Punch the Clock”—she assumed the managers were telling the truth when they said the clock was temporarily out of order. But as weeks went by, she discovered that on subsequent Saturdays the clock was always “broken” or the time cards were not accessible. When she and several colleagues hand-wrote the hours on their time cards, they discovered that their manager whited-out the hours and accused them of not being “team players.” Commenting on the variety of tasks that implicitly had to be performed after hours, Ms. Lucas said, “You couldn’t complain, because then your manager would schedule you for the bad hours, your sales per hour would fall, and next thing you know, you’re out the door.”1 Patty Bemis, who joined Nordstrom as a sales clerk in 1981 and quit eight years later, told a similar story: Nordstrom recruiters came to me. I was working at The Broadway as Estee Lauder’s counter manager and they said they had heard I had wonderful sales figures. We’d all heard Nordstrom was the place to work. They told me how I would double my wages. They painted a great picture and I fell right into it. . . The managers were these little tin gods, always grilling you about your sales. . . . You felt like your job...
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...Alex Fox Enrollment # 714477 Course ACCT 4235 Lesson 1 1) A 2) D 3) A 4) D 5) A 6) B 7) B 8) C 9) D 10) D 11) D 12) B 13) B 14) C 15) B 16) B 17) C 18) D 19) A 20) D 21) C 22) D 23) A Case 3: 1) Customer Fraud 2) Consumer Fraud/ Investment Scam 3) Employee Embezzlement 4) Management Fraud 5) Vendor Fraud 6) Customer Fraud Case 7: 1) Fraud is being committed against the firm in this case by Bob. Fraud occurs when a person intentionally cheats or tricks others for their own benefit. Regardless of the magnitude of the charges or the fake excuse given to the reason for the charges, he is intentionally charging non-business lunches to his employer. This is also known as employee fraud, or occupational fraud. 2) As a fellow intern at the firm, you have an ethical responsibility to your employer to report Bob’s wrong behavior. In this particular case, the fraudulent act can be easily corrected. Since Bob is justifying his behavior by saying the recent memo pertaining to meal expenses does not apply to him because he is an intern, you should try to help Bob see the error of his logic and encourage him to correct the charges. If Bob is still unwilling to change his behavior after you explain this to him, then the appropriate managers or employers should be notified. Case 8: The additional revenue needed will be the fraud loss divided by the profit margin. The loss here is $50,000 and the profit margin is 7%. If we divide 50,000 by the 7% (...
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...Costello Laboratories and the Strategic National Stockpile ACCT 351 Fall 2012 Demo Case #1 Costello is a leading U.S. research-based pharmaceutical and healthcare company. In recent years, pharmaceuticals have been subject to increased competition from other products during the period of patent protection and, once off patent, from generic versions. Following the loss of patent protection, generic products rapidly capture a large share of the market, particularly in the USA. The manufacturers of generic products typically do not incur significant research and development or education and marketing development costs and consequently are able to offer their products at considerably lower prices than their branded competitors. Further, in many countries the prices of pharmaceutical products are controlled by law. To remain competitive, Costello is looking for opportunities to diversify its business to create a more balanced product portfolio. Costello’s CEO, Mary Wells, would like to expand into contracts with governments to supply vaccines. The United States maintains a Strategic National Stockpile in the event of a public health emergency. This stockpile includes Vendor Managed Inventories that are maintained by the vaccine manufacturers. Costello is considering a potential contract with the U.S. Department of Health and Human Services (HHS) to manufacture and supply flu vaccines. Under this contract, HHS would order 20 million doses of the vaccine at a total price of...
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...Recognized Courses in Accounting/Tax Research and Analysis and Accounting/Business Communications September 3, 2014 The Texas State Board of Public Accountancy requires each candidate to complete a minimum of two semester hours in accounting research and analysis or tax research and analysis from a recognized college or university. The semester hours may be obtained through a discrete course or offered through an integrated approach. If the course content is offered through integration, the college or university must advise the Board which course(s) contain the research and analysis content. Courses identified through integration must dedicate 1 semester hour, or quarter hour equivalent, to research and analysis. Courses used to meet this requirement may not be used to meet the requirement for accounting or business communications described below. Course(s) identified by a university to meet the requirements for research and analysis in accounting or taxation should primarily address the identification, organization, and integration of diverse sources of information such as authoritative literature and pronouncements, to reach a conclusion or make a decision; and should analyze accounting and taxation issues by reviewing information, using empirical data and analytical methods, recognizing data in patterned activities, forecasting, and integrating data. CPAs may be asked to conduct research and analysis when providing attest services, professional accounting...
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...ACCT 201 Final Exam Answers http://www.homeworkwarehouse.com/downloads/acct-201-final-exam-answers/ ACCT 201 Final Exam Answers 1. The term “double taxation” refers to which of the following: A. A sole proprietorship must pay income taxes on its net income and the owner is also required to pay income taxes on withdrawals. B. In a partnership, both partners are required to claim their share of net income on their tax returns. C. Corporations must pay income taxes on their net income, and their stockholders must pay income taxes on their dividends. D. A sole proprietorship must pay income taxes to both the state government and the federal government. 2. Which of the following is not considered an advantage of the corporate form of business organization? A. Ability to raise capital. B. Government regulation. C. Ease of transferability of ownership. D. Continuity of existence. 3. Which of the following entities would have the “Paid-in Capital in Excess” account in the equity section of the balance sheet? A. A sole proprietorship. B. A city. C. A corporation. D. A partnership. 4. Which of the following terms designates the maximum number of shares of stock that a corporation may issue? A. number of shares outstanding B. number of shares authorized C. treasury stock D. number of shares issued 5. Which of the following statements best describes the term “par value?” A. an amount used in determining a corporation’s legal capital. B. the amount that must be paid...
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...ACCT 5318 Tax Research – Case 5 Fall 2007 Last year, the Rattameyers, of Oakland, California, were featured on Surprise Home Makeover, a network television show in which families are chosen to receive a “home makeover” by a team of designers, paid for by the producers of the show. The show sent the family to the DisneyWorld Resort in Orlando, Florida for one week, while its team of designers, carpenters, and other construction professionals ripped out substantial portions of their home and made extravagant renovations for its television audience. The Rattameyers entered into a contract with the producers of Surprise Home Makeover in which they rented their home to the producers for one week, in return for $50,000 rent, and an all-expenses paid trip to Disney World for the entire family. The estimated value of the Disney World vacation was $15,000. While the family was away, Surprise Home Makeover’s team of designers essentially gutted the interior of their home, and rebuilt it. They replaced the flooring, wall treatments, all the major appliances, and most of the furniture. They installed a new giant screen plasma television in a new room added onto the house, built a redwood deck in the backyard complete with wetbar, grill and sink, and installed grass, trees, shrubbery and wrought-iron fencing. All considered, the show spent approximately $250,000 renovating and remodeling the Rattameyers’ home. The Rattameyers loved the new home, but even if they had been disappointed...
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...ACCT 5318 Tax Research – Case 5 Fall 2007 Last year, the Rattameyers, of Oakland, California, were featured on Surprise Home Makeover, a network television show in which families are chosen to receive a “home makeover” by a team of designers, paid for by the producers of the show. The show sent the family to the DisneyWorld Resort in Orlando, Florida for one week, while its team of designers, carpenters, and other construction professionals ripped out substantial portions of their home and made extravagant renovations for its television audience. The Rattameyers entered into a contract with the producers of Surprise Home Makeover in which they rented their home to the producers for one week, in return for $50,000 rent, and an all-expenses paid trip to Disney World for the entire family. The estimated value of the Disney World vacation was $15,000. While the family was away, Surprise Home Makeover’s team of designers essentially gutted the interior of their home, and rebuilt it. They replaced the flooring, wall treatments, all the major appliances, and most of the furniture. They installed a new giant screen plasma television in a new room added onto the house, built a redwood deck in the backyard complete with wetbar, grill and sink, and installed grass, trees, shrubbery and wrought-iron fencing. All considered, the show spent approximately $250,000 renovating and remodeling the Rattameyers’ home. The Rattameyers loved the new home, but even if they had been disappointed...
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...Hayley Wicks ACCT 540 Week 5 Assignment The Sample Brief Memorandum in the back of our text is an excellent example of combing everything we have learned so far in this course with regards to content, but it lacks proper APA format when using in-text citations, and it does not include a works cited. It is evident in this memorandum that the research process was performed efficiently and effectively, and fully progressed through the steps of determining the relevant facts, identifying the research problem, conducting research questions, identifying the key terms on which to gather data, and finally organizing the research to propose a conclusion. In addition, the author of the memo makes references to authoritative sources and uses the plain English described by the SEC when explaining his or her findings from the research process. The author of the sample memorandum states the relevant facts related to the research topic at the very beginning of the memorandum. I find the most significant fact to be the fact that Sony’s financial statements did not disclose the losses from Sony Pictures. The facts stated help the reader to identify the problems related to this topic. Namely, the problems that need to be addressed include misrepresentations of goodwill, and financial statement disclosures for different segments. Once the problems are understood, the researcher can proceed to ask the research questions that will lead him or her to a solution. Based on the issue regarding...
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...CPA Report ACCT 545 Deborah Asbury CPA Report Memo To: Outside CPAs From: Date: April 13, 2014 Re: CPA Report In response to the examination of the subsidiary that has been set up as a corporation, the explanations to the deferred tax methods, procedures for accounting changes and corrections, and the reasoning for setting up the corporation as a subsidiary will be addressed in the following memo. Deferred Tax Method Financial reporting and tax reporting create temporary differences between the amounts reported for income taxes and on the financial statements because an accrual basis is used for financial reporting and a modified cash basis is used for tax reporting. Deferred taxes reported contain a temporary difference between the tax basis of a liability or asset and its reported amount in the financial statements that will result in taxable or deductible amounts reporting years. Deferred tax liabilities and assets are recognized on the balance sheet based on the difference between the financial statement values and the tax basis (Kieso, Weygandt, & Warfield, 2007). The balance sheet approach and the guidelines of the Financial Accounting Standards (FAS No. 109) have been followed to account for this timing issue. Deferred tax assets are recorded when there are greater expenses for financial reporting than tax reporting. At some point the tax amount paid to the Internal Revenue Service (IRS) will be higher than the tax on the financial statements. Deferred...
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...| Tax Research Project I | October 30, 2013 | | Molly Curry | ACCT-310-01 | | Facts: After Maria and Tatsuo are divorced, their two children continue to live with Maria. Pursuant to their divorce decree, Tatsuo pays Maria $1,000 per month in child support and $1,800 per month in alimony. The divorce decree specifies that in the event of a court ordered increase in child support, the alimony payment amount will decrease by the amount of the child support increase. That is, Tatsuo’s total monthly payment cannot exceed $2,800. Issues: How much of each payment is considered alimony? Does the change in child support have an effect on the amount of alimony received? Conclusion: Generally, child support is not included in taxable income and alimony payments are. The mandate from the court would increase the child support and decrease her alimony. The question remains whether this court mandate increasing child support is considered a contingency. Following case law and Treasury Regulations, the change in child support would not decrease the amount of alimony to be recorded because the court ordered increase in child support is not a contingency related to a child, therefore having no effect on the amount of alimony. Maria must recognize the full amount of each alimony payment as part of taxable income. The $1,800 of alimony payments should be included in Maria’s taxable income and is not deductable; however it is deductable for her former husband...
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...Code it now on your answer sheet! TEST FORM “A” York University AP/ADMS2500.03 Introduction to Financial Accounting Midterm Examination #1 Time: 3.0 hours - Winter 2015 - Questions: 40 Instructions 1. Submit • Only the pink mark sense sheet will be collected: you may keep this midterm examination paper. • Mark your answers on it for later reference. Ensure your name is on the pink mark sense sheet. 2. Mark Sense Sheet • Record your name and student number and answer all questions on the computer mark sense sheet provided with an HB (soft lead) pencil. Bring several pencils in case one breaks. The computer will not recognize ink or hard lead pencils. • Test Form is for the exam version you are writing (A, B or C) and Code is your Section (in the left column). • Fill in the bubbles for your name and student number in pencil (your phone number is not required). Leave the last column of the student number BLANK . • If you change an answer, use a high quality eraser to completely remove the previous mark. If the computer senses two answers to a question, only the first scanned will be recognized. 3. Exam Aids • Only calculators without alphanumeric programmable memories are allowed. It is strongly suggested you bring a couple of cheap 4 function computers to the exam in case one fails. Be prepared to be challenged by invigilators if you bring a “fancy” calculator. • Compact foreign language/English dictionaries may be used. However, these will...
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