...Shaquille O’Neal Misiri J. Parker Jr. American Intercontinental University Shaquille O’Neal (Shaq) is a retired basketball player who played 19 seasons in the NBA, as one of the most dominating centers the world as ever seen. He played for teams such as the, Orlando Magic, Los Angeles Lakers, Miami Heat, Phoenix Suns, Cleveland Cavaliers, and the Boston Celtics. O’Neal was born in Newark, New Jersey on March 6, 1972. O’Neal didn’t achieve success over night, he had to face different obstacles to become one of the greats. Being raised without his biological father, cause of drug addiction and possession. The reason for selecting this individual is because I love the game of basketball. Shaq has been one of my favorite NBA players of all time. I’ve watched Shaq struggle on the court, but never off the court. I’m inspired to write a paper about one of the most dominating centers. One obstacle that Shaq had to face was money. Shaq was drafted by the Orlando Magic in 1992. He spent his first million that he earned within 30 minutes. Like most people, when you get a large sum of money you just want to go out and spend it, just like Shaq did. Not thinking about how to save or your future or if you can impact someone else’s life who may not have food to eat, or nowhere to sleep. Another obstacle Shaq had to face was his Los Angeles teammate Kobe Bryant. “It’s not about how much money you make; the question is are educated enough to keep it? (Shaquille O’Neal)” This individual...
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...Becoming a Better Man Courtney Taylor Strayer University English Writing 090 November 29, 2012 Cynthia Gentry Becoming a Better Man The reason why I believe I am a better man is because one I have changed my attitude about life and the negativity of things. Second, I have come to the realization that it is not all about me anymore because I have my four year old daughter who is my world. Last, but not least I wanted a better way to provide for my daughter and myself , which was coming back to school to get more knowledge and a degree so I will have a firm paying job that will help reach the goals that I have put forth for myself. To begin, I must say my attitude about life was very frustrating. I looked at things as if the world owed me something. I never took the time to take into consideration how tender this life really is. We only get one life with limited opportunities in life. I had to get in my right mind by looking back on certain situations I was putting myself in and the outcome of those situations. I was looking at a short life for myself and a daughter without her father, which is a horrible thing for a young lady to grow up without. I had to get down and ask God to be my leader and to come on in and have His way. I believe that was the best move I could have made to begin this new journey to becoming a better man. I came into realization that these things about me were not what should be in my mind to be trying...
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...gained any profit from Reebok rather loss. As it states in the article that since the acquisition in 2006, Adidas has struggled to raise to power the brad, commercial irregularities have been caught and it has suffered through the NHL lockout. Buying companies may eliminate competition but can bring great loss to the company if the other company itself is doing midly poor. Source: http://m.sportsbusinessdaily.com/Daily/Issues/2012/11/09/Finance/adidas-Reebok.aspx Lastly but not least the sales have decreased in 2012. In Triple pundits progress report Adidas has failed to keep its promises to sale more and to change for 2015 speaking environmentally about society and where it does manufacturing. Source: http://www.triplepundit.com/2012/05/adidas-2011-progress-report-shows-achievements-along-problems/ In conclusion, Adidas is indenably one of the most successful...
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...The National Hockey League (NHL), established in 1917, had not experienced a power struggle like it did when negotiating a new collective bargaining agreement (CBA) for the 2004-2005 season. Gary Bettman, Commissioner of the NHL, announced on February 16, 2005 that due to the inability to negotiate a new CBA with the National Hockey League Players’ Association (NHLPA), the 2004-2005 NHL season would be cancelled (Malhotra & Hout, 2006). The consequences of a lockout would be significant, including lost revenue for cities and the teams (an estimated two billion from ticket sales, media, sponsorship, concessions, and stadium bookings), employee layoffs, loss of fans who redirected their attention and spending to other avenues, and lost player salaries estimated at one billion. Regardless of the consequences, the reason to reach an agreement should have been for the fans who so faithfully followed the game and supported the players and the owners (Staudohar, 2005). The fans were out of luck; there were too many barriers to reaching a negotiated agreement prior to the start of the season. The main barrier to the negotiations was not having the wrong people negotiating, but the agenda of issues (Watkins, 2000). The powerhouses were power struggling, each unwilling to listen to or concede to the others views. For example, one barrier was NHL’s desire to address operating losses and what they viewed as an unstable financial condition by establishing a cap in salaries and linking salaries...
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...Conflict An issue everyone faces day on a daily basis is conflict, as it is inevitable. Conflict is a natural part of the environment, yet it is very difficult to understand. Conflict arises from a disagreement when groups have opposing goals and see the other party as interfering with their ability to reach a desired goal (“Organizational Conflict Scale: Reexamining the Instrument.” 16). A conflict can be minor or major. As well as positive or negative, depending on the way it is handled. An organization needs a minor amount of conflict as it helps boost performance and increase communication by creating a positive effect, known as a constructive conflict (“Organizational Conflict Scale: Reexamining the Instrument.” 8). The type of conflict that has a negative effect on an organization and causes damage is destructive conflict (“Organizational Conflict Scale: Reexamining the Instrument.” 8). The National Hockey League has had many conflicts over the past two decades which has cause tension and lockouts. There are different types of conflicts. In the NHL the conflict that arose was an inter-group conflict. An inter-group conflict is classified as disagreement among groups of people (Bauer 234). One example of this is a conflict between an employee union and management. The NHL lockout was a labor dispute between the NHL Players Union and the National Hockey League. The underlying causes were over the league revenue share between players and owners and rules on contracts for...
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...Comparison Prewriting Type your answers below each questions, and remember to use complete sentences. 1) Which topic have you chosen from the preapproved list? Which two main topics will you compare and contrast? I have to compare two athletes. I will compare and contrast the NBA players, Lebron James and Kobe Bryant. 2) Why have you chosen these two topics? Explain. I’ve chosen to write about Kobe Bryant and Lebron James because I feel that I will get more information about these two NBA players. They are both some well-skilled players that teenagers love even myself. 3) Which pattern of organization do you plan to use in your essay? Why? In the essay the first two will be background information stats. The rest of the essay will be comparing and contrast because you can really see the differences between these two outstanding players. 4) Which criteria do you plan to use in your essay? (AT LEAST FOUR) a. Background Information b. Stats c. Strengths and weaknesses on the court d. Training and work ethnic 5) Below, write a rough draft of your thesis sentence for this essay. Although Kobe and Lebron are different in many ways, they can compare in Stats and greatness. 6) Conduct some preliminary research, and write the Works Cited citations for TWO websites that you could use for this assignment. Lebron became an immediate NBA star player, skipped college school and joined the Cleveland cavaliers...
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...Qualification structure and syllabus CIMA Chartered Management Accounting Qualification 2010 December 2008 Contents CIMA now designs its qualifications in what we believe to be a unique way. Based on rigorous international primary research with all of our key stakeholders and involving the participation of over 6,000 individuals and organisations – members, students, employers (both existing and potential), CIMA tuition partners, universities and our examiner and marker team – we have designed a professional finance training and development solution that is second to none. I commend this revised CIMA Professional Qualification to you. It will be examined for the first time in 2010, so there is plenty of time to absorb the exciting changes contained in the pages that follow. A qualification focused on the future – fit for purpose, relevant and unique I am honoured to introduce the new 2010 Chartered Management Accounting Qualification to all of our stakeholders. With seismic shifts occurring in the world’s economy, coupled with accelerating concerns about the sustainability of our planet, never before has there been a greater need for organisations to train and develop their people to manage the impact of these changes. With this revised qualification CIMA remains true to its long and proud history of providing finance professionals with a difference – Chartered Management Accountants – who combine management and finance skills in a unique way and who fully understand...
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...Anti-Money Laundering, 2nd ed., IFAC, 2004 Fraud is a general term for deliberate misrepresentation and may include money laundering. The problems of fraud and especially money laundering are increasing at an unprecedented rate. Governments worldwide are introducing new legislation and penalties for such white collar crimes. However, the huge amounts of money involved in these illegal activities ensure that criminals continue to exploit ways of increasing their activities. They clearly weigh up the potentially vast profits against their chances of being caught and the subsequent penalties. Context It is a fact that legitimate financial institutions and businesses may be involved in fraud and money laundering. It is therefore crucial that CIMA members, whether in practice or in business, are fully aware of this possibility and are alert to the signs of money laundering which can affect their business. Examination candidates should be aware of the risks involved, especially at strategic and TOPCIMA level. They should ensure that they know the signs of possible money laundering and the steps they must take to report it. 3 Topic Gateway Series Fraud and Money Laundering Overview There are a number of ways in which criminals commit financial fraud. Very often this involves stealing another person’s identity. Identify theft Identity theft (including e-fraud and ‘phishing’) is a modern day fraud and much is publicised about people whose assets have been stripped by...
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... : Table of Contents 1. Introduction 3 2. Part A: Working capital management of XYZ 3 2.1. Improving the elements of working capital 5 i. Inventories 5 ii. Trade receivables 6 iii. Trade Payables 7 iv. Cash and cash equivalent 7 3. Part B: Strategic Management Accounting for Decision making 8 3.1. Shutting down or keeping open a part of a business 9 3.2. Pricing a product or service 10 3.3. Product mix and limiting factor analysis 11 3.4. Make or buy decision 11 4. Conclusion 12 List of References 13 Appendix 01: Discount for early settlement 14 Appendix 02: Factoring 15 Appendix 03: Decision to shut down an operation 16 Appendix 04: Limiting factor and decision making 19 Appendix 05: Make or buy decision 21 1. Introduction This report has been prepared as per the request made by you to prepare a report on working capital management and using strategic management accounting techniques in decision making. This report has been divided into two parts, part A deals with working capital management and the components of working capital such as trade receivables, inventories, cash and cash equivalent and trade payables. This part also analyse the strategies to improve each component of working capital to improve overall working capital of XYZ and the impact of those strategies on connected stakeholders such as trade receivables and payables of XYZ. The part B describes about the usage of strategic management accounting...
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...ACCOUNTING REPORT PREPARED BY BENJAMIN ARNOLD STUDENT ID: 1209002 MODULE NAME: INTRODUCTION TO ACCOUNTING MODULE CODE: AC4002 CONTENTS Introduction …………………………………………………………………………………………………………………………..03 The Income Statement of King Charles Fittings ……………………………………………………………………… 03 The Statement of Financial Position of King Charles Fittings …………………………………………………..04 Analysis of financial position ………………………………………………………………………………………05 A short report of accounting ………………………………………………………………………………………………….06 Accounting concepts ……………………………………………………………………………………………………………..08 The main accounting professional bodies ………………………………………………………………………………08 Comparison and contrast ……………………………………………………………………………………………………….09 Similarities and differences of the accounting professional bodies ………………………………………..09 References ……………………………………………………………………………………………………………………………..10 INTRODUCTION This is a report of about accounting that will look at two financial statements of King Charles Fittings, income statement and the statement of the financial position, a short report and commentary of accounting bodies listing their similarities and differences . King Charles Fittings Income Statement for the year ended 31 December 2013 £ £ 000 000 Income (Sales) ...
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...21AMOSTRAGEM: é o ponto de partida (na prática) para todo um Estudo Estatístico. • Um dos objetivos da análise e interpretação de dados é buscar um modelo para as observações. Estes modelos podem ser essencialmente determinísticos ou não-determinísticos (probabilísticos ou estocásticos). • Nos determinísticos as condições sob as quais um experimento é executado determina o resultado do experimento. • Ex.: Um veículo viajando sempre a 100 km/h irá levar 2 horas para percorre 200 km. • Aqui cabe apenas a otimização das variáveis de decisão para atingirmos o máximo ou o mínimo da função objetivo. • Nos modelos não determinísticos usa-se uma Distribuição de Probabilidade. • Ex.: Peças são fabricadas até que x peças, perfeitas, sejam produzidas; o número total de peças fabricadas é contado. Usa-se uma distribuição, no caso a Geométrica, para a tomada de decisões População e Amostra • O estudo de qualquer fenômeno, seja ele natural, social, econômico, exige a coleta e a análise de dados estatísticos. • A coleta de dados é, pois, a fase inicial de qualquer pesquisa. • A População é a coleção de todas as observações potenciais sobre determinado fenômeno ou sobre um conjunto de indivíduos (possuindo estes pelo menos uma característica comum). A população é o conjunto Universo, podendo ser finita ou infinita. • Finita – apresenta um número limitado de observações, que é passível de contagem. • Infinita – apresenta um número ilimitado de observações que é impossível de contar e...
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...ABACUS, Vol. 42, No. 2, 2006 doi: 10.1111/j.1468-4497.2006.00196.x ABACUS PRINCIPLES ORIGINAL ARTICLE 2 42 © 2006 0001-3072Publishing, Ltd. Abacus UK VERSUS RULES-BASED ACCOUNTING ABA Accounting Foundation, Unviersity of Sydney Oxford, Blackwell GEORGE J. BENSTON, MICHAEL BROMWICH AND ALFRED WAGENHOFER Principles- Versus Rules-Based Accounting Standards: The FASB’s Standard Setting Strategy In response to criticism of rules-based accounting standards and Section 108(d) of the Sarbanes-Oxley Act of 2002, the SEC proposed principlesbased (or ‘objectives-oriented’) standards. We identify several shortcomings with this approach and focus on two of them. First, the format (type) of a standard is dependent on the contents of what the standard regulates. Given the asset/liability approach combined with fair values, we argue that the combination of this measurement concept with principlesbased standards is inconsistent because it requires significant guidance for management judgment. Second, we propose the inclusion of a trueand-fair override as a necessary requirement for any format that is more than ‘principles-only’ to deal with inconsistencies between principles and guidance. We discuss the benefits of this override and present evidence from the United Kingdom’s experience. Key words: Accounting standards; FASB; Principles; Rules; Rules-based. According to a widely-held view, U.S. accounting standards are more rules-based than principles-based.1 This observation stems...
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...Mercury Athletic Footwear | Caso Mercury Athletic Footwear | Valorización de Empresas | | | 11/05/2013 | Cuellar, Sandra Karina Gudiel Alfaro, Guillermo José Guerra Caballero, Mario Alexis Contenido Preguntas del caso Inversiones financieras BancoSal 2 ¿Cuál es la temática del caso? 2 Realice un análisis del sector y la empresa 2 FORTALEZAS 2 OPORTUNIDADES 2 DEBILIDADES 3 AMENAZAS 3 ¿Cuáles son las diferencias entre las empresas del sector financiero y sector industrial? 3 Elabore un diagnóstico de rentabilidad y riesgo de la empresa 4 ¿Qué método es más empleado en la valorización de empresas financieras? 4 Valorice la empresa y su patrimonio 5 ¿Cuánto seria lo máximo que pagara para adquirir el 51% del capital de la empresa? 5 ¿Cómo recomienda tratar al accionista minoritario? ¿Opciones de salida? ¿Representación en la junta directiva? 5 Caso 4: Mercury Athletic Footwear. West Cost Fashion, Inc es un negocio grande de ropa para hombre y mujeres que a decidido deshacerde de uno de sus segmentos; Mercury Athletic Footwear, empresa de calzado. John Liedtke director de desarrollo de negocios de Active Gear, Inc (AGI). Tiene una posibilidad para adquirirla y desea evaluar cuanto es lo que tendría que pagar por si desea hacerse con la empresa Mercury Preguntas del caso Mercury Athletic Footwear ¿Cuáles son las características de la industria del calzado? La industria del calzado es muy competitiva, con bajo crecimiento y...
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...1.0 Question 1 To : James Moody Date : 25th November 2015 From : Chew Sin Hong Title : i) The Changes in the Business Environment that have contributed to the growth and importance of Management Accounting. ii) Role of Management Accountant play in a company`s value chain function. Management accounting nowadays are growing and it is becoming more and more important in the current trend. Management accounting is a process of measurement, accumulation, identification, preparation, analysis, communication and also interpretation of all the information of finance used by the management to evaluate, control and plan an organization with addition to assure the correct use and responsibility for the resource that are available. Management accounting likewise contains the arrangement of money related reports for non-administration groups, for example, shareholders, regulatory agency, creditor and the authorities for the tax (Ed, 2008). There are few factors that lead to the importance and growth of the management accounting. First of all are the globalization. Globalization is important and also a big role for the organization to sustain and survive in the current trend. This globalization are one of the factor that cause management accounting to be important because of the increasing of the communication and also the advancement of the transportation which allow company to penetrate into the market that have more potential customer has been widely expand. Therefore company...
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...alternatives. For example, if the direct material cost of a product is the same for two competing designs, the material cost is not a relevant factor in choosing a design. However, other qualitative factors relating to the material, such as durability, may still be relevant. Likewise, fixed costs can be relevant if they vary between alternatives. Consider rent paid for a facility to store inventory. Although the rent is a fixed cost, it is relevant to a decision to reduce inventory storage costs through justin-time production techniques if the cost of the rent can be avoided (by subleasing the space, for example) by choosing one alternative over another. The costs which should be used for decision making are often referred to as "relevant costs". CIMA defines relevant costs as 'costs appropriate to aiding the making of specific management decisions'. To affect a decision a cost must be: a) Future: Past costs are irrelevant, as we cannot affect them by current decisions and they are common to all alternatives that we may choose. b)...
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