...Swan’s Supplies is a wholesaler of sporting goods equipment for retailers in a local metropolitan area. The company buys sporting goods equipment direct from manufacturers and then resells them to individual retail stores in the regional area. The raw data in Figure illustrate some of the information required for the company’s purchase order system. As you can see, this information is characteristic of accounting purchase order systems but is not well organized. In fact, because of the repeating groups in the right-most columns, it cannot even be stored in a computer system. [pic] .:. Requirements Store this data in a spreadsheet to make it easy to manipulate. Then perform each of the following tasks in turn: 1. Reorganize the data in first normal form and print your spreadsheet. Why is your data in first normal form? 2. Reorganize the data from part 1 into second normal form and print your spreadsheet. Why is your data in second normal form? 3. Reorganize the data from part 2 into third normal form and print your spreadsheet. Why is your data in third normal form? SOLUTION: The raw data is as follows: | | | | |Purchase | | | | | | | |Customer | |Phone | |...
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...MEMORANDUM AND PROPOSAL FOR IMPLEMENTING 1st PROVIDERS CHOICE AC/PC® SOFTWARE SYSTEM Management Briefing Memorandum and Proposal For Implementing 1st Providers Choice AC/PC® Software System HCAD 610/9042 July 18, 2010 M E M O R A N D U M TO: President The Center for Physical Therapy, LLC FROM: Director of Operations DATE: July 18, 2010 Re: Proposal to Implement 1st Providers Choice AS/PC® Practice Management Software System Per our recent conversation concerning facilities operations and patient care, I would like to present to you a proposal for a new technological advance software system. This system would assist our physical therapy practice with improving efficiency, decreasing errors in treatment and processing of claims, and better delivery of appropriate physical therapy treatment to patients in our outpatient clinical setting. After completing extensive research, the software system that I recommend and propose for the management of your physical therapy practice is called 1st Providers Choice AS/PC® Practice Management Software System. The following proposal outlines the details of implementing this new software, including its necessity, the contents and features of the system, the benefits, the operational cost, funding, and proposed time schedule...
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...Seminar – 7 Chapter 7 Financial Responsibility Centers Financial Result Control System Financial Result Control System results are defined in monetary terms, most commonly in terms of accounting measures such as revenues, costs, profits, and returns. Advantages of Financial Result Control System Financial objectives are paramount in for-profit firms. Financial measures provide a “summary” measure of performance by aggregating the effects of a broad range of operating initiatives across a possibly broad range of markets, products, or activities into a single or a few measures. Most financial measures are relatively precise and objective. The cost of implementing financial result controls is often small relative to that of other forms of management control. Types of financial responsibility centers Investment centers Investment centers are responsibility centers whose managers are held accountable for the accounting returns on the investment made to generate those returns. Profit centers Profit centers are responsibility centers whose managers are held accountable for profit which is a measure of the difference between the revenues generated and the costs of generating those revenues. The goal for not-for-profit organization is to break even, or perhaps even incur limited losses. However, for-profit entities is normally not considered desirable to generate higher profits than those budgeted. Two limited forms: When sales-focused entities are made into...
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...Riordan Manufacturing Business Systems Review Executive Summary The Executive Management Committee has tasked our team to review its operations, identify and describe the company’s current business system, and recommend changes. Based upon our evaluation, Riordan currently possesses three different operating systems in its Finance and Accounting department. It is recommended that the company consider employing a Windows Hyper-V Server 2008 platform with SQL Server 2008 and General Ledger in Microsoft Dynamics DP. The Legal department has retained the law firm of Litteral and Finkel, headed by Chief Legal Counsel Lowell Bradford, and requires no further changes at this time. The recommendation is to consider the Oracle E-Business Suite Human Resource Management system to help give the department structure and organization. Finally, a number of disparate databases, paper files, and microfiche have controlled the Sales and Marketing department. Finance and Accounting According to Riordan Manufacturing’s finance and accounting information, the company currently possesses three different operating systems Due to the processes in which Riordan acquired Michigan and Georgia facilities, no consolidation of business systems was considered and now requires integration into the company’s hardware and software systems. The corporate company in San Jose currently employs Windows Enterprise Resource Planning (ERP). The Michigan facility uses a pair of...
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...December 2011 Subtopic 985-605, Software—Revenue Recognition, from the FASB Accounting Standards Codification®, is copyrighted by the Financial Accounting Foundation, 401 Merritt 7, PO Box 5116, Norwalk, CT 06856-5116, and is reproduced with permission. SOP 97-2: Copyright 1997–2009 by American Institute of Certified Public Accountants, Inc. Used with permission. This publication contains general information only and Deloitte is not, by means of this publication, rendering accounting, business, financial, investment, legal, tax, or other professional advice or services. This publication is not a substitute for such professional advice or services, nor should it be used as a basis for any decision or action that may affect your business. Before making any decision or taking any action that may affect your business, you should consult a qualified professional advisor. Deloitte shall not be responsible for any loss sustained by any person who relies on this publication. As used in this document, “Deloitte” means Deloitte & Touche LLP, Deloitte Consulting LLP, Deloitte Tax LLP, and Deloitte Financial Advisory Services LLP, which are subsidiaries of Deloitte LLP. Please see www.deloitte.com/us/about for a detailed description of the legal structure of Deloitte LLP and its subsidiaries. Certain services may not be available to attest clients under the rules and regulations of public accounting. Copyright © 2011 Deloitte Development LLC. All rights reserved. Contents ...
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...are used in IT investment decision-making. Explain why IT investment decision-making is important as a subject to study. Explain some of the limitations that should be considered when using IT investment methodologies. Explain the role of IT investment decision-making within organizational planning. Prologue Information technology (IT) investment decision-making impacts all industries but sometimes in different ways. For example, Karadag et al. (2009) explored the importance of IT investment decision-making methodology in lodging industry. The research found that evaluation activities for hotel IT investments have not been performed widely and consistently and that some types of hotels tend to use more financial and non-financial IT evaluation methods, since all investments are expected to show a positive return on investment. The research findings highlight the importance of the use of IT investment evaluation techniques and the 3 4 Information Technology Investment: Decision-Making Methodology major differences in their use require a substantial need for understanding a wide variety of IT investment methodologies to satisfy decision-making needs. To provide useful decision-making in IT investments today requires a broad understanding of the varied tools IT investment methodologies. Introduction The productivity paradox refers to the absence of a positive relationship between spending on information technology or IT and its resulting contribution to productivity...
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...DIRECTION OF MANAGEMENT ACCOUNTING QUESTIONS FOR WRITING AND DISCUSSION 1. A management accounting information system is an information system that produces outputs using inputs and processes needed to satisfy specific managerial objectives. 2. The inputs of a management accounting information system are economic events. The processes transform the inputs into outputs and are such things as collecting, measuring, storing, analyzing, reporting, and managing. Typical outputs include special reports, product costs, customer costs, performance reports, budgets, and personal communication. 3. The three objectives of a management accounting information system are as follows: To provide information for costing out services, products, and other objects of interest to management; to provide information for planning, controlling, evaluation, and continuous improvement; and to provide information for decision making. 4. All organizations — manufacturing, merchandising, and services — must have a good management accounting information system. Management accounting concepts and procedures are not restricted to any one type of organization. 5. The users of management accounting information are managers and workers within the organization. Anyone internal to an organization is a potential user of management accounting information. 6. Management accounting information is used to cost out objects (for example, services and products) and to aid in planning, controlling, evaluation, continuous improvement...
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...products such as televisions, monitors, printers, handheld products, communication systems, digital cameras, and desktop computers. Maxtel have been in business for over 20 years with business relationships and offices in three regions: North/Latin America region (AMERICAS), the Europe/Middle East/Africa region (EMEA), and the Asia/Pacific region (APAC). Maxtel Technologies has decided to enter the microcomputer business. Maxtel Technologies has formed a new PC Marketing Division to pursue this business opportunity and the VP of Marketing has been asked to manage the PC Division. The VP of Marketing will be responsible for introducing a new line of microcomputers into several international markets beginning with AMERICAS, with a new office in the city of Chicago. An evaluation of the company’s internal strengths and weaknesses and external opportunities and threats served as the foundation for this strategic analysis and marketing plan. The plan focuses on the company’s growth strategy, suggesting ways in which it can build on existing customer relationships, and on the development of new products and/or services targeted to specific customer niches. Maxtel markets products to all types of consumers and has a huge client base for many of the other products in which it produces and manufactures globally, this would make Maxtel a global marketer. Financial Resources In order to start up the PC division, Corporate Headquarters will provide the seed capital (investment money)....
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...The Clarion School for Boys, Inc – Milwaukee Division June 14. 2014 MGMT 408 Rene Trevino Introduction The best way to divide up a project is to find out exactly who does what and how. Basically who ate the key players in the project? It seems like the key players are as follows: * The Social Services Department is responsible for ensuring that those under care receive the appropriate clinical treatment. Access is required to treatment files, email, mail routing and dictation. The supervisor functions as a department head and a member of the administrative council as well as a member of the institutional treatment team. Counselors handle direct counseling and casework functions, enter progress data and serve as members of the institutional and the unit treatment teams. Data entry and counselors are required to generate reports. * The Program Department is responsible for the group living environment as well as activities such as crisis intervention, recreation, and special events of the treatment program. Departmental staff members supervise part time employees within their particular treatment area. One lead program supervisor serves as the primary department head and has access to computer treatment data and all other information resources. Seven associate program supervisors share direct supervisory responsibility for the child care and recreation data. * The Education Department is responsible for the comprehensive year-round education program. The...
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...[Translation] August 18, 2015 For Immediate Release Company name: Representative: Securities code: Contact: Toshiba Corporation 1-1-1 Shibaura, Minato-ku, Tokyo, Japan Masashi Muromachi, President & CEO 6502 (TSE and NSE) Naoto Hasegawa, General Manager, Public Relations & Investor Relations Office Tel: +81-3-3457-2100 Notice on Toshiba’s New Management Team and Measures to Reform of Governance Structure, and Outline of Correction of Past Financial Statements and Financial Forecast Toshiba Corporation (the “Company”), has taken the causal analysis and recommendations on prevention of recurrence contained in the report of the Independent Investigation Committee very seriously, and established a Management Revitalization Committee to intensively discuss a new management team and reform of corporate governance, the members of which Committee include the Company’s four Outside Directors, a certified public accountant and an attorney-at-law, plus independent observers. Today, the Company hereby announces that candidates for the new Board of Directors have been decided, as in Attachment 1, and also announces an outline of the measures for reform of governance structure that have been discussed by the Management Revitalization Committee up to today. The Company is currently taking necessary procedures to correct and restate past financial results, and to finalize financial results for fiscal 2014, following the Company’s receipt and subsequent close...
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...ANALYST (Job Number: 1405846)ACCOUNTS PAYABLE ANALYST LOCATIONKUALA LUMPUR EMPLOYMENT STATUSFULL TIME REGULAR ABOUT THIS JOBBaker Hughes Regional Accounting Centre (RAC) is looking for an Accounts Payable Analyst to support the Accounts Payable function for Eastern Hemisphere. This role is based in our service centre that is located in Kuala Lumpur, Malaysia. KEY RESPONSIBILITIES / ACCOUNTABILITIES * To review all payment proposals that was submitted * To approve and release payments in banking platform that is submitted by departments * Handling all payments queries ESSENTIALS QUALIFICATIONS / REQUIREMENTS * Minimum Diploma or Degree in any field PREFERRED QUALIFICATIONS / REQUIREMENTS * Good attention to detail with good analytical skills. * Familiar with payments, handling proposal & queries is added advantage * Excellent verbal and written communication skills. * Advanced PC skills include Excel and SAP experience is added advantage. * Ability to handle multiple activities successfully. * Flexible in working hoursOTHER DETAILS * Great opportunity in career development with Job rotation within the Shared Service Centre. * May required to work from 8am – 5PM or 10AM – 7PM supporting the Eastern Hemisphere accounts.COMPANY OVERVIEW Baker Hughes is a leading supplier of oilfield services, products, technology and systems to the worldwide oil and natural gas industry. By being the service company that best anticipates, understands and exceeds our customers’...
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...ACTIVITY –BASED COSTING (ABC) IN SERVICE INDUSTRIES Name: Ira Suri Date: April 23, 2016 Class Name: ACC 560: Managerial Accounting Professor Name: Professor Jones Olajide Abstract This paper explores Activity- based costing in Amazon Company, which is predominantly considered to be a forerunner in online retailing. It offers comprehensive range of products like books, CDs, videos, DVDs, electronics, toys, tools, home furnishings and housewares, apparel, and kitchen gadgets. It has evolved over the years and through this paper we shall evaluate how a time driven ABC cost system can be implemented in Amazon and how will it provide a competitive edge to the company in the market space it maneuvers in and subsequent impact of the business performance. Also, the paper will assess the latent impact of time- driven ABC costing on services provided online with those delivered through traditional channels. Amazon.com Amazon is one of the biggest online retailing companies, which deals in an innumerable collection of products like books, Cd.s, Dvd’s, shoes, clothing, home furnishings, hardware, music and what not. Amazon’s vision is to be globe's supreme consumer centric business; to construct an abode where individuals can uncover and discern everything they might desire to acquire online.” Amazon.com also retails goods from renowned dealers involving Virgin Wines, Hotwire, Toysrus.com Inc., Target, The Borders group, Circuit City Stores Inc., Waterstones, Expedia...
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...since accepting the position of senior vice president, corporate strategy, in 1996. Headquartered in Round Rock, Texas, Dell Inc. is managed on a geographic basis. The three geographic segments are the Americas, Europe, and Asia-Pacific. Dell Inc. maintains more than 7 million square feet of office, research, manufacturing, and distribution space in the United States. In addition, a new half-million square-feet manufacturing facility is under construction inNorth Carolina and is expected to begin operations in late 2006. Dell’s sales in America are reported in two different categories, Business and U.S. Consumer. The net revenue for business sales of $25,339 million in the Americas segment is by far the company’s largest segment, accounting for almost 52 percent of total net revenue for 2004. With $2,579 million in operating...
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...University School of Business MANAGERIAL ACCOUNTING Course Syllabus Professor Yun Zhang Phone: 202-994-7532 Suite 601-C Funger Hall Email: yunzhang@gwu.edu 2201 G Street NW Washington DC 20052 Course Introduction Managerial accounting is concerned with the use of accounting data by managers to plan and control (evaluate) personnel and operations of the firm. The focus is on planning, decision-making, and control by the organization and on the accounting systems that managers have to assist them in their decisions about resource allocation and performance evaluation. The course is intended as an introduction for individuals who will make business decisions, evaluate business units, and evaluate others (or be evaluated) through the use of accounting systems. The course will be loosely divided into two topics: cost management systems and managerial control systems. Each topic is briefly described below. Cost Management Systems: The objective of the cost management system is to provide information about the costs of the goods and services sold by the firm. While financial accounting requires that product cost information be accumulated in particular ways for external reporting, the focus in the course will be on cost systems that aid managerial decision-making. We will...
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...The summary of Management Control Systems – Kenneth A. Merchant [Prentice Hall] Summarized by Mooyoung Son Linkoping University SMIO 2009 http://cyworld.com/zekison The summary of Management Control Systems – Kenneth A. Merchant [Prentice Hall] Summarized by Mooyoung Son Linkoping University SMIO 2009 http://cyworld.com/zekison Chap 1 : MANAGEMENT AND CONTROL 1) Causes of Management -Lack of Direction -Motivational Problems -Personal Limitation 2) Avoidance -Activity elimination : Eliminate what is not working properly -Automation -Centralization -Risk Sharing Chapter 2 SECTION II 3) Result Control : Preventive type Control Helps Mgr to address strategy, org, employees are performing - Steps : 1. Define Performance dimension 2. Measure Performance 3. Setting Target 4. Provide Reward Requirement for Effective Result control : - Knowledge of desired result : Org should know what result are desired - Ability to influence desired result : Employee have influence on result (Controllable) -Ability to measure Controllable result effectively : Org can measure result effectively (Measurable) Result measure should be : Precise, Objective, Timely, Understandable Chapter 3 4) Action Control : To ensure employees act in org’s best interest a. Form of Action control - Behavioral constraints – Negative Form (You can’t do this You can’t do that) - Pre action Review – Scrutiny(详查정밀조사) of action plan (What will they do?) - Action Accountability – (의무義務) Hold employees for action required...
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