...would have to drive around Confusion. The federal government has not made any attempt to regulate the truck hitches used on the nation’s highways. Tanya Trucker, who trucking company contends that the additional expense this statute imposes on her business is unnecessary and frivolous. She intends to file suit against Confusion to overturn the statute. * Before Tanya files her law suit she needs some questions answered, such as which court will have jurisdiction over this case, is the statue constitutional, what provisions of the U.S. Constitution will be applied by the courts to determine the statue’s validity, and finally the steps to filing a civil suit. I believe Tanya should file suit in Federal court to challenge the constitutionality of this law. She should file suit in the federal court in the state of Confusion since they would have the most knowledge of the reasoning and understand the subject matter the most. I do not believe this statute is constitutional. The Commerce Clause protects intra-state trade and this law would affect the free flow of trade among the states. * Since Tanya’s company is from the State of Denial where no such law exists it creates issues and added expense if she wishes to conduct business in the State of Confusion. Tanya would have added time, energy and costs in order to travel through this state. Assuming she has a large operation, the cost of installing these hitches on all of her trucks is unfair to her simply because of a state...
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...Basic Accounting Standards and Business Structures Whereas there is a need for accounting and financial professionals in the day-to-day operation of businesses to preserve their financial health, there is also a need by individuals. Whether it is the manager of an organization or individuals at home, who depend on professionals, it is necessary to have at a minimum a basic knowledge Accounting and financial concepts. Sources for General Accepted Accounting Principles According to Kieso, Weygandt, and Warfield, “This common set of standards and procedures is called generally accepted accounting principles (GAAP). The term “generally accepted” means either that an authoritative accounting rule-making body has established a principle of reporting in a given area or that overtime a given practice” (2007, p .6).There are four such bodies. The Securities and Exchange Commission (SEC) is a federal agency charged with developing and standardizing financial information presented to stockholders. (Kieso, Weygandt & Warfield, 2007, p .6). The SEC does not work by itself even though it is independent, but in partnership with the private sector. The American Institute of Certified Public Accountants (AICPA) is the national professional organization of practicing Certified Public Accountants (CPAs) (Kieso, Weygandt & Warfield, 2007, p .7). Kieso Weygandt and Warfield stated, “The Wheat Committee’s recommendations resulted in the demise of the APB and the creation of a new...
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...End-of-Chapter Material – Questions and Solutions Chapter One Business Now: Change Is the Only Constant Review Questions 1. What factors contribute to the rapid pace of change in business? Is the pace likely to accelerate or decrease over the next decade? Why? Human and natural resources, capital, technology, and entrepreneurship all contribute to changes in business. Due to all of these factors currently growing, I believe the pace is likely to accelerate over the next decade. 2. What role does entrepreneurship play in the economy? Who stands to gain from the success of individual entrepreneurs? How do other parties benefit? Entrepreneurs contribute greatly to many aspects of the economy. Giving them the opportunity to create and grow businesses generates profits for multiple business and creates jobs. Everyone in the economy has the opportunity to gain from entrepreneurship. 3. When did American business begin to concentrate on customer needs? Why? The relationship era marked the beginning of businesses focusing on customers and maintaining long term relationships. After WWII consumers started dominating the market again. Companies had to appeal to customers in order to make money. Since it’s cheaper to maintain customers and keep them coming back, businesses began focusing on the customer and creating long lasting relationships with them. 4. How do nonprofit organizations compare to businesses? What role do nonprofits play in the economy? How...
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...DIPLOMA IN BUSINESS ADMINISTRATION | INTRODUCTION TO BASIC BUSINESS STATISTICS | | Table of Content No | Description | Pages | 1 | Introduction / Objective | 3 | 2 | Methodology | 4 | 3 | Analysis of finding | 5 | 4 | Conclusion | 13 | 5 | Recommendation | 14 | | Introduction ZC International Pte Ltd manufacture soaps, detergent and household products. Industry vision: “We benefit society by contributing to the sustainable improvement of the quality and comfort of life through hygiene and cleanliness in a free, competitive and innovative way”. Our mission is to communicate the value embodied in our industry’s vision and any related policies to all appropriate stakeholders effectively and objectively, while taking these stakeholders’s view into account. It does this by: - working with other organization as appropriate, ensuring stakeholder dialogue; and - to continue environmental progress in the design and marketing of product of package for household laundry detergent. Objective Data were collected by market survey and conducted by Nelso PL and consolidate with energy consumption date provided. The result of the survey can be found in Appendix 1. Methodology A set of value was collected using Personal interviews from adults who are working in Singapore. 30 candidates were selected using the random and convenience sampling methods. Out of the candidates 33.33% were males and 66.67% were females. Age of Candidates Class(years)...
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...E-business 1 E-business E-BUSINESS 2 E-business E-BUSINESS ALL RIGHTS RESERVED. No part of this report may be reproduced or transmitted in any form whatsoever, electronic, or mechanical, including photocopying, recording, or by any informational storage or retrieval system without express written, dated and signed permission from the author. DISCLAIMER AND/OR LEGAL NOTICES: The information presented herein represents the view of the author as of the date of publication. Because of the rate with which conditions change, the author reserves the right to alter and update his opinion based on the new conditions. The report is for informational purposes only. While every attempt has been made to verify the information provided in this report, neither the author nor his affiliates/partners assume any responsibility for errors, inaccuracies or omissions. Any slights of people or organizations are unintentional. If advice concerning legal or related matters is needed, the services of a fully qualified professional should be sought. This report is not intended for use as a source of legal or accounting advice. You should be aware of any laws which govern business transactions or other business practices In your country and state. Any reference to any person or business whether living or dead is purely coincidental. 3 E-business Introduction Kudos guys! You made the perfect choice by picking up The 7 Day E-Business. You will soon know why I am saying...
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...Chapter 1 1. Analyze the likely causes of the resentment over the employee manual and uniforms by considering the impact of the sender, message, decoding, feedback, context, and probable sources of noise. Describe how the problems you identified could have been minimized by different communication strategies. 2. Identify the changes in communication channels between employees and management as Sundown has grown. What channels can be used to make communication about changes in the business most productive? 3. Consider the relational messages employees seem to have received from management as Sundown’s business grew. 4. How have Sundown’s formal and informal communication networks changed as the company expanded? In what ways have both the formal 6/19/09 8:24:03 PM3 and informal networks contributed to Sundown’s growing pains? In what ways can these networks be used to improve the relationships between management and employees? Chapter 2 1. How do changes in the demographic makeup of Sundown Bakeries reflect transformation of the larger workforce? 2. Consider the following dimensions of culture as you describe the impact of culture on communication within the company: high- and low-context styles, individualism and collectivism, and power distance. 3. How would you describe the early organizational culture of Sundown? How has the culture changed as the company grew? Consider the issues listed on...
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...As with any other business, an organized collection of relevant data is a critical element to a firm’s success. No matter what form of business one is involved in - whether it be a sole proprietorship, partnership, or corporation - having at least one quality database is a must if he or she expects favourable results. With effective and efficient databases, companies are able to deliver great service or produce the required units of merchandise on a timely manner. It is an established fact that running a business is no easy feat. This is especially true for a relatively new one, which is still struggling to make a name for itself while trying to generate more capital for its operations. Because of the sheer number of challenges an emerging proprietor faces, he or she needs as much help as he/she can have when it comes to managing his/her business. Databases provide great help for this very problem. Listed below are the several purposes databases generally try to serve to a typical business: * It helps organize important information – information is a key factor to any business, and having systematically arranged records help the user know what needs to be done, how it must be done, and who it is being done for. * It helps save time – with a database, instead of spending precious time going through piles of papers just to search for the necessary information, the user is just a query away from retrieving what is needed. * It aids the communication among employees...
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...1. Draw the table. ISYS 2110 welcome 2. Form (web controls, validation) Use DropDownList, TextBox, RadioButton, CheckBox, Hyperlink, Label, RequiredFielValidator, CompareValidator to create a form. 3. 6 steps of website development process. • Planning: determine the goals, objectives and target audience of the site. • Information architecture: IA is closely related to the concept of IM as it involves planning the information in a logical and organized way. Draw sitemap. Create a content outline. Storyboard. • Design: Banner. Background. Layout. Color. • Implementation: put them together by using visual web developer. • Testing: try to run all pages on local computer, ensuring all links work and all content and picture look correct. • Deployment: upload to web server. 4. Differences between static and dynamic website. A static site is one that is written in HTML only. Each page is a separate document and there is no database that it draws on. It means we cannot change the content of the site. The only way to edit the site is to go into each page and edit the HTML. A dynamic site is written using more complex code and can do a lot more. It can make an area where you can log in and change various parts of the site, such as adding information or products. This is because each page is constructed based on the information in a database, and the information in that database can be changed via another interface...
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...and prepare an APA-formatted paper that does the following: Describes the organization's basic legal environment social environment economic environment Describes the management structure Describes the operational issues Describes the financial issues Identifies the impact of potential change factors including the role of technology Your paper should be 3–4 pages in APA format. Submitting your assignment in APA format means, at a minimum, you will need the following: Title page: Remember the running head and title in all capital letters. Abstract: This is a summary of your paper, not an introduction. Begin writing in third-person voice. Body: The body of your paper begins on the page following the title page and abstract page, and it must be double-spaced between paragraphs. The typeface should be 12-pt. Times Roman or 12-pt. Courier in regular black type. Do not use color, bold type, or italics except as required for APA level headings and references. The deliverable length of the body of your paper for this assignment is 3–4 pages. In-text academic citations to support your decisions and analysis are required. A variety of academic sources is encouraged. Reference page: References that align with your in-text academic sources are listed on the final page of your paper. The references must be in APA format using appropriate spacing, hang indention, italics, and upper- and lower-case usage as appropriate...
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...Running Head: Basic Accounting Concepts and Business Structures Basic Accounting Concepts and Business Structures Jeremy Keturi University of Phoenix 03/10/2011 ACC/537 Accounting has multiple forms and concepts depending on the type of business. This paper is going to identify the sources of generally accepted accounting principles; and identify the source of hierarchy with an explanation of why the hierarchy is important. This paper will describe effective accounting, along with the difference between accrual-based accounting from cash basis accounting. The last item discussed will be three business types, structure and their features. “The sources of generally accepted accounting principles (GAAP) are financial accounting standards board (FASB Standards), interpretations, and staff positions, accounting principles board (APB Opinions), and American institute of certified public accountants (AICPA)” (Kieso, Weygandt, & Warfield, 2007). [“The financial accountant standards board (FASB) is the source of the Hierarchy. The Hierarchy of generally accepted accounting principles is a standard that the FASB is working. What the Hierarchy does, it identifies the source of accounting principles and the framework for selecting the principles to be used in the preparation of financial statements”] (Kieso, Weygandt, & Warfield, 2007). Effective accounting is completeness, relevance, accuracy, clarity, properly communicated, timely, and cost efficient. Completeness...
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...Basic Accounting Concepts and Business Structures Chris Walters ACC 537 May 9, 2011 James T Neuner Basic Accounting Concepts and Business Structures Sources of GAAP and Hierarchy The main sources of GAAP fall into four main categories; A, B, C, and D, with category A as the most authoritative, then B, C, and the least authoritative being D. Category A includes FASB Standards, Interpretations, and Staff Positions, APB Opinions, and AICPA Accounting Research Bulletin Category B contains FASB Technical Bulletins, which are no longer issued, AICPA Industry Audit and Accounting Guidelines, and AICPA Statements of Position. Category C incompasses FASB Emerging Issues Task Force and AICPA AcSEC Practice bullitens. Category D consists of AICPA Accounting Interpretations, FASB Implementation Guides, and widely recognized and prevalent industry practices. All of these comprise to make the “House of GAAP” (Kieso, D., Weygandt, J., & Warfield, T., p. 12) that provides hierarchy and guidance for businesses in determining the correct course of action with accounting issues. Qualities of Effective Accounting Information The two primary qualities of effective accounting information needed by financial statement users are relevance and reliability. Accounting information is relevant when it assist users in making an informed decision, and has a predictive value on events, feedback value on prior expectations, and timeliness. Accounting information has reliability when...
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...Basic Accounting Concepts and Business Structures Different types of businesses use different accounting methods, small businesses tend to use the cash-basis of accounting, whereas the accrual method is a requirement for large business with revenue more than 5 million. Uniformity of accounting information is important when making decisions for or about a business. A hierarchy of sources provides structure for the generally accepted accounting principles (GAAP). Along with the hierarchy of sources, the Financial Accounting Standards Board (FASB) identify qualitative characteristics to distinguish between useful and inferior information and to ensure accounting information assists in decision making. Qualities of Accounting Information There are internal and external users of accounting information for decision-making. Internal users are managers within a company that use the information to plan, organize, and run the business, “These include marketing managers, production supervisors, finance directors, and company officers” (Kimmel, Weygandt, & Kieso, p. 6, 2007). External users can be investors, “make decisions to buy, hold, or sell stock,” creditors, “suppliers and bankers use accounting information to evaluate the risks of granting credit or lending money” (Kimmel, Weygandt, & Kieso, p. 6, 2007). External users also include taxing authorities, customers, labor unions, and regulatory agencies. For decision makers to make decisions using the information, they have...
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...BASIC ACCOUNTING CONCEPTS AND BUSINESS STRUCTURES Derwin N. Johnson ACC/537 OCTOBER 6, 2014 MR. JAMES NEUNER BASIC ACCOUNTING CONCEPTS AND BUSINESS STRUCTURES This paper will discuss the basic accounting concepts and business structures used in today’s business practices. In this paper I will discuss four topics. I. Identify and describe the sources of G.A.A.P. and identify the sources and explain the importance of the hierarchy. II. Describe effective accounting information using the qualities of accounting information . III. Describe how an accrual based and cash basis of accounting differ IV. Describe the types of business structures and the defining features of each structure. When referring to G.A.A.P., (Generally Accepted Accounting Principles), one must identify the sources of GAAP which are the S.E.C., (Securities and Exchange Commission), A.I.C.P.A., (American Institute of Certified Public Accountants), F.A.S.B., (Financial Accounting Standards Board), G.A.S.B., (Government Accounting Standards Board). The S.E.C. was created after the Great Depression of 1929 to increase governmental regulation to the financial community. The A.I.C.P.A. and F.A.S.B. were created with the encouragement of the S.E.C. to have the private and public accounting sector to help establish accounting standards. G.A.S.B. was created to oversee the accounting standards of state, local, and municipal governments, which differ from those of the private sector. The...
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...Basic Accounting Concepts and Business Structures Danny Silvio ACC/537 10/10/11 Professor Basic Accounting Concepts and Business Structures Generally Accepted Accounting Principles The sources of accounting principles and the framework for selecting the principles to be used in the preparation of financial statements are prepared by the Financial Accounting Standards Board (FASB). The standard categorizes the major sources of GAAP as being FASB Standards, Interpretations and Staff Positions; APB Opinions; and AICPA Accounting Research Bulletins (Kiesco, Weygandt, & Warfield, Chap. 1, 2007). Chapter one describes this bottom portion of the hierarchy of GAAP as Category (A), being the most authoritative. When a specific accounting transaction occurs that these documents do not cover, companies go to the next level, which according to Kiesco, Weygandt, and Warfield’s (2007) illustration are Category B being FASB Technical Bulletins (which are no longer issued); AICPA Industry Audit and Accounting Guides; and AICPA Statements of Position. Although there is no single reference source for GAAP, there is a hierarchy established by the AICPA. At the foundation of that hierarchy are the principles established by the FASB and its predecessors, the APB and the AICPA Committee on Accounting Procedure. From that foundation, the hierarchy formulates a "pecking order" for all the rules and procedures that are incorporated in the preparation...
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...Sources of Generally Accepted Accounting Principles A set of standards developed and universally practiced are called Generally Accepted Accounting Principles (GAAP). Generally accepted means that an authoritative accounting rule-making body, has accepted as appropriate due to their universal application. Otherwise each company would have created their own standards. There are some organizations that are very important in the development of GAAP, such as the Securities and Exchange Commission (SEC), the American Institute of Certified Public Accountants (AICPA), the Financial Accounting Standard Board (FASB) and the Government Accounting Standard Board (GASB). The SEC helps to develop and standardize financial Information for the stockholders under the Securities and Exchange Act of 1933 and 1934. The AICPA contributes with committees and boards. FASB establishes and improves standards of financials accounting and reporting for the guidance and education of the public. GASB, was created due to the financials prepare by the state and local government were not compare to reports prepared by private organization. Generally Accepted Accounting Principle has authoritative support. The hierarchy that define the meaning of GAAP included FASB standards and interpretation and staff positions, Accounting Principle Board Opinions (APB), which determines appropriate accounting practices and the AICPA accounting Research Bulletin. These standards identify the sources of the accounting...
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