...Accounting Standard Boards Paper ACC/541 September 09,2013 Heber Howard Accounting Standard Boards Paper In the business of accounting two boards stand out the first one is the International Accounting Standards Board (IASB), and the second is the Financial Accounting Standards Board (FASB). The two boards are putting together this joint adventure to have a universal standard recognized internationally by entities for reporting of financial statements. This adventure will help to ensure that reporting of financial information is consistent globally and in the United States. The adventure will also help investors, stakeholders, the public, and financial institutions to read the financials in a clearer format. This paper will provide a brief understanding of the two boards joint adventure referred to as the convergence project. After discussing the relationship between the two boards along with the equivalents of the FASB original pronouncements, the paper will explain briefly how the MSA program prepares students for a professional life within the accounting vocation and how he or she will be able to make ethical business decisions. IASB and FASB The IASB is an independent regulatory body based in the United Kingdom, which aims to develop a set of global accounting standards (Investopedia, 2013). The IASB has 14 board members 12 are full-time and two are part-time and was established in 2001 as the successor to the International Accounting Standards...
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...Chapter 01 1.1 Introduction of Project Management Although project management history starts further back in latter 19th century modern project management began in the early 1960s. The need of the project management increased with the development of business around projects and to communicate and co-ordinate work across departments and people. According to the PMBOK (2008) project defines as "temporary endeavour undertaken to create a unique product or service.Temparary means that every project has a definite end. Unique means that the product or service is different in some distinguishing way from all similar product or service." PMBOK (2004) analyse project management as “the application of knowledge, skills, tools and techniques to project activities in order to meet stakeholder’s needs and expectations from a project." Where, Grham (1985) identified project management as "a set of people and other resources temporarily assembled to reach a specified objective, normally with a fixed budget and with a fixed time period. Projects are generally associated with products or procedures that are being done for the time or with known procedures that are being altered." These two definitions clearly show the difference of identifying the project management in time to time. Success or failure of the project can influence by project manager. He integrates and co-ordinates and guides them to successfully complete the project. Below are some desirable project manager attributes...
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...DeVry University | My BBQ Business Adventure | MGMT 404 Project Management | Renita Allgood 6/24/2014 | Table of Contents 1. Cover Page 2. Table of Contents 3. Project Charter 4. Scope Statement 5. Work Breakdown Structure 6. Network Diagram 7. Risk Management Plan 8. Resource Management Plan 9. Communication Management Plan Project Charter Project Name: My BBQ Restaurant Business Adventure Project Number: 1 Project Manager: Renita Allgood Owner(s) Renita Allgood and Terence Allgood Start Date: 5/5/2014 Scheduled Completion Date: 6/26/2014 Mission/ Purpose: Accomplish entrepreneur opportunity to invest in a personal business venture of a specific interest being a unique food service operation providing barbeque to the community while gaining the public recognition of success. Deliverables: Utilize research capabilities to find a location, get permits and licensing, and open. Provide a unique food service with authentic taste. Become a small business owner. Objectives: The objective of this project is to earn profit and personal income, convenience of location to target audience, and to keep cost at minimum with all actions being entrepreneurship driven. Business Need: Unique project backed by personal interest and drive with attainable goals and personal funds. Project Manager and Stakeholders: Project Manager: Renita Allgood Operation Manager: Terence Allgood will be the joint...
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...LOCAL ENTREPRENEURS (Boston Globe 9/10/12) http://www.bostonglobe.com/business/2012/09/09/kickstarter-propels-local-entrepreneurs/057BGLGVQCVPt2yKhvYsSJ/story.html 2. Log on to the kickstarter.com website and scroll around to see some examples of projects that are asking for funding. Find one that appeals to you. Would you consider giving any money to the venture? Why or why not? I found a amazing item called Memobottle. The memobottle have a lot of great adventures. First, it fits in the backpack alongside with our laptop and books very well. Second, because it is a reused bottle, we could decrease the times to buy a new bottle of water, that means that we will save money. Third, Memobottle can be good for environment and ourselves, because we both save the plastics. It will make the environment more friendly. Finally, this item is our environmental responsibility, and it makes our life more convenience. 3. What conditions must be met before a proposal gets the money that is pledged? It is legal for the kickstarter creators to keep making the bargain going up to reach their funding goals. 4. How does Kickstarter make money? Kickstarter does not charge anything to set up a campaign. But it is successful, kickstarter takes 5 % of the final amount of money. 5. What other crowd funding outlets can you locate? Crowdtilt, Zokos, Gambitious. 6. Is crowd funding here to stay? Why or why not?...
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...INTRODUCTION Difficult access to funding is one of the most important constraints to the growth and development of SME’s. Recent developments in our country, the global economic and financial crisis has further degraded the situation in the area and increased the pressure to find alternative sources of funding. Therefore, the search for alternative sources of funding has become increasingly common in recent years. It is based on the close co-operation between investors, intermediaries and entrepreneur. Crowdfunding is solicitation of funds which are collected in small amount from multiple investors through a web-based platform or social networking site for a specific project, business venture or social cause. It allow entrepreneurs to raise...
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...|Name |jiaxuan |(Surname) |chen |(Other Names) | |ID Number |09115045 | |Programme |Financial mathematics | |Module Title |English for Finance | |Module Code |EN1033A | |Assignment Title |A business plan | |Submission Deadline |Monday 14th March, 8pm | |Tutor...
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... Market Definition Both the world travel market and the relocation market are forecast to expand the percentage annually. One of the markets it has been increased since 2-3 years ago, and this one is the Tourism market, now there are more tourists from Russia, which means a faster economic growth rate of the country. Therefore, what we are planning to do is operate directly with the Russian market to get closer and facilitate the entrance of the country all Russian citizen that will be interested to come to Catalonia. During the current period of strong arrival of tourist from Russia to Catalonia, "4help" can capitalize on the many significant opportunities in the relocation industries. Strategic and implementation Swot / business environment Target Customer Tourist Sector Our company is Closely related to this industry as a result of the Increasing demand of Russian tourists in the city of Barcelona. These tourists are aged between (20-55) years, both male and female of medium income and active lifestyle. Catalonia and Barcelona has become one of the first tourist destinations of Spain. Only in Catalonia since early this year 655.385 tourists has already visited the city. Most striking is the increase of tourist from Russia. In overall, this year is expected to exceed the barrier of one million Russian that will come to visit Catalonia, according to the Catalan Tourist Agency, 250,000 more than in last year, representing an increase of 40%. The Costa Daurada...
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...gross violation of the code of conduct and will result in corresponding disciplinary sanctions Student’s Signature: Date: Student’s Name: Table of Contents: Contents Executive Summary 4 Recipes for Success 5 Introduction 5 Richard Branson 5 Tony Hsieh 7 What led to their Success 9 Introduction 9 Richard Branson 9 Tony Hsieh 10 Challenges 11 Introduction 11 Richard Branson 11 Tony Hsieh 12 What struck me most 13 Introduction 13 Richard Branson 13 Tony Hsieh 13 Compare and Contrast 14 Introduction 14 Richard Branson 14 Tony Hsieh 15 Executive Summary This paper aims to present and discuss both Richard Branson and Tony Hsieh on their business ventures, characteristics, and endeavours both inside and outside the business world, it will focus mainly on their successes and the trials and tribulations that came with it; including my own personal reflection and juxtaposition of myself and both Richard Branson and Tony Hsieh. Richard Branson was born on July 18, 1950 in Surrey England, all throughout his childhood he struggled in school dropped out at the age of 16. This decision ultimately led to the creation of Virgin records. His entrepreneurial ventures and...
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...The process of starting up and developing a business is not just an adventure, but also a real challenge. In order to help entrepreneurs with this, it is essential to create a favorable business environment. Ensuring easier access to funding, making legislation clearer and more effective and developing an entrepreneurial culture and support networks for businesses are all instrumental as far as the setting up and growth of businesses are concerned. However, creating a favorable business environment does not mean simply improving the growth potential of businesses. It also means turning Morocco into a place in which it is advantageous to invest and work... The size of “small and medium size companies “(SME) makes them very sensitive to changes in the industry and environment in which they operate. It is therefore vital for their well-being to be a focus of political attention. In this regard, the finance bill of 2011 came up with many changes especially In terms of VAT and IS (impot sur societé or Taxes on profits) that probably can have an impact on the Moroccan Enterprise. In an essay of 2500 discuss the following Your discussion should include the following points. 1. Describe the business environment in which a SME company operates in Morocco ( provide a sectorial case) 2. The impact of finance bill 2011 on Small and medium enterprises in terms of insuring their sustainability and endurance in the business environment (refer to your chosen sector) 3...
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...Alejandro Portugal Martin Pretorius Iona Ramió Mateu OCEAN PARK CASE STUDY INTRODUCTION Ocean Park Hong Kong is a marine animal theme park located in the Southern District of Hong Kong. It was inaugurated in 1977 by the Government with the intention to bring somewhere where Hong Kong citizens could feel some sense of space as a large part of the population lived in a crowded locality. So it was inaugurated as a nonprofit organization that aimed to provide visitors a unique experience in entertainment, education, and conservation. Firstly, in the absence of competition, Ocean Park became really popular but existed without direction and focus. When Hong Kong's officials signed an agreement to bring Disneyland to Hong Kong in 1999, the Ocean Park's viability started to be questioned. By 2005, when Disneyland Hong Kong was inaugurated, Ocean Park was unprofitable and widely expected to lose out. Nevertheless, the Park responded with a development plan and showed their abilities for adaptation and turn threats into opportunities. It expanded the number of attractions and rides, raising the number of visitors, becoming the world's 13th most visited theme park and the ...
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...Introduction A1 Technical Solutions, LLC is investors enabling the organization to develop becoming a staple within the IT consulting market. We are seeking $900,000 which will be used in establishing company headquarters, employee salaries for the first year, and providing employee benefits. Additional funds will ultimately contribute to providing our clients superior customer service, enhanced on-site contractor knowledge and greater advertising; inevitably creating larger profit margins. Currently, A1 Technical Solutions, LLC is in the process of establishing a company location, hiring more personnel, securing employee skill enhancement resources, as well as employee benefits, equipment and superb marketing. Chief Officers Mr. Julian A. Shelton and Ms. Anntoinette Brown have collectively invested $100,000 of their own money towards the start-up of the company. Based out of the Washington, DC metropolitan area, we are a start-up consulting firm devoted to servicing the comprehensive IT needs of businesses. Our core staff of experienced and certified professionals, along with their team-oriented approach to consulting projects, is able to provide an exceptionally structured quality service far exceeding our competitors. Present day companies rely on their internal network infrastructure to maintain effective productivity. Data and its availability are essential in enabling a company to earn a return of its investment. Our company is on the brink of penetrating...
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...introducing entrepreneurial programs, as part of the school curriculum they have a stronger objective to attain. Such programs as “Reviving Middle Grades Education by Returning to Fundamentals” and “Corps Values” are designed to assist students with purpose. The effects of funding these entrepreneurial programs would allow students to show how the revitalization of education in America is most effective. Strengthening the future generation is imperative, presenting the individual student with aspiration of confidence, potential, character, and self-esteem will allow the student to grow in the right direction for the future generation. Furthermore, connecting these entrepreneurial programs directly to students’ education would demonstrate how vital important it is and how they can make a difference within the community because it directly involves revitalizing society. There are volumes of disadvantaged students that live in major inner cities throughout the United States such as Baltimore City, Maryland. In the story “The Other Wes Moore: One Name, Two Fates,” the author Wes Moore has written true-life stories of his youth that correlates with the other Wes Moore that lived in his neighborhood. By funding the entrepreneurial programs, students would learn “the difference between failures or successes, which we become more...
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...fee, receive voting privileges to elect REI’s board of directors and share in the co-op’s profits through an annual member refund based on their purchases. REI has recognized by Fortune magazine as one of “100 Best Companies to work for in America” for 18 Consecutive years. (2015) REI is headquartered outside Seattle in Kent, Washington. REI recognized as a leading multi- channel retailer with 143 stores in 35 states; telephone and mail order operations; two online stores- REI.com and REI.com/outlet and an adventure company, REI Adventures. B. This paper will discuss REI’s current use of Social Media and Internet use. Analyze the implications of the Internet and Social Media for the future use of business and identifying the (SWOT) or Strengths, weakness, opportunities, and threats. Evaluate ethical questions on Internet and Social Media use in the Business. Propose an evidenced based strategy for REI’s future Use of Internet and Social Media. REI - Social Media and Internet Use A. REI has a great understanding of their customers and how to engage them. REI is one company that is ruling Social Media. Some of their uses of Social Media include Twitter, Facebook, Instagram, REI blog, and Pinterest....
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...| Medica tour Ltd | Business plan | | Zrinka Vrdoljak | 6/20/2012 | Table of Content: 1. Executive summary 2 2.1. Objectives 2 2.2. Mission 2 2. Company summary 3 3.3. Company ownership 3 3.4. Industrial overview 3 3.5. Start-up summary 4 3.6.1. Start-up funding 4 3.6.2. Start-up requirement 4 3. Marketing analyse summary 5 4.6. Marketing segmentation 5 4.7. Competition 6 4.8.3. Competitors strengths 6 4.8.4. Competitors weakness 7 4.8. Closely related competitor 7 4. Strategy 8 5.9. SWOT analyse 8 5.10. Marketing mix 8 5.11. Sales strategy 9 5.12.5. Sales forecast 9 5.12. Milestones 10 5.13. Technology 10 5. Financial plan 12 6.14. Pro forma cash flow 12 6.15. Pro forma profit & loss 13 Appendix 15 Reference 18 1. Executive summary The company Medica tours Ltd. was established for the performance of the organization of tourist visits for medical purposes. The main activity is providing services for travel, accommodation and activities related to health care. Services include: contact with selected health care organizations, organizing transport, accommodation and additional tourist activities. Their services exclusively performed in accordance with business partners such as dental clinics...
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...Homelessness is a major social issue facing our society today. Homelessness among United States Veterans in particular is at epidemic levels for those returning to civilian life. Given the Iraq and Afghanistan tours and number of soldiers returning from multiple tours in “hell”, it is little wonder the number of homeless vets has more than doubled in the past two years. (Zoroya, 2014) Serious measures need to be taken to save our “fallen soldiers” from the depressing life on the streets of America. But in order to do this we must first understand the life of homeless vets to determine why conventional attempts at solving this problem just don’t work. Our society needs to take ownership in working with State and Federal Government to implement successful solutions which produce positive results in eliminating homelessness among our veterans. The number of Afghanistan and Iraq veterans who are homeless or risk losing the roof over their heads is increasing as more of these soldiers return home from active duty. At the end of September, 2014, 531 of these vets were living on the streets of Connceticut. (Zoroya, 2014) These numbers are actually much higher because it only represents the number staying in shelters or those receiving federal temporary housing vouchers to pay rent as noted in Department of Veterans’ Affairs reports. (Zoroya, 2014). There were more than 62,600 homeless veterans in the United States according to data from January 2014 report released by...
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