...Identify the ways that the HR metrics can be used to justify the purchase of an HRIS. HR Metrics is a tool that provides several factors that can be measured to show how HR contributes to the organization. An HR Metrics can measure the following factors; absence rate, cost per hire, health care costs per employee, HR expense factor, Human Capital ROI, human capital value added, prorating merit increases, training, turnover costs and a number of other elements (Kavanagh & Thite, 2009). An HR metrics can be used to justify the purchase of an HRIS by clearly weighing all the pertaining factors mention above and ensuring that they are understood by the managers and employees. HR Metrics makes it clear to the decision makers within an organization what can be achievable and what is not. In the case study, the job of the new HR manager was to ensure that the company’s owner understood the benefits an HRIS system would bring to the table and weigh in the cost of purchasing a system to the current costs of doing business without one. The HRM can simple start with an HRIS Cost-Benefit Analysis (CBA) Metric to show how the system can one, enhance revenue and reduce costs and two, what the implementation costs would be, i.e. out-of-pocket costs like software and technical support. An increase in company profits is another benefit of the metrics; it can plainly show how the company can improve its productivity and save time while doing it. Risk management, especially with today’s...
Words: 1102 - Pages: 5
...| IAS 28: Accounting for Associates | | Larry Richardson 6/16/2014 | Corporations tend to invest in other entities for various reasons but the main reason is to increase their own profits. When corporations purchase stock in other corporations there has to be a way to account for this transaction and to do this IAS 28 was introduced as Exposure Draft E28, Accounting for Investments in Associates and Joint Ventures, in July, 1986. The history of IAS 28 is as follows in the table below which shows the last amendment being in 2011 with an effective date of January 1, 2013. History of IAS 28 (as amended in 2011) July 1986 | Exposure Draft E28 Accounting for Investments in Associates and Joint Ventures | April 1989 | IAS 28 Accounting for Investments in Associates | 1 January 1990 | Effective date of IAS 28 (1989) | 1994 | IAS 28 was reformatted | December 1998 | IAS 28 was amended by IAS 39 Financial Instruments: Recognition and Measurement effective 1 January 2001 | 18 December 2003 | Revised version of IAS 28 issued by the IASB | 1 January 2005 | Effective date of IAS 28 (2003) | 10 January 2008 | Some significant revisions of IAS 28 as a result of the Business Combinations Phase II Project relating to loss of significant influence | 22 May 2008 | IAS 28 amended for Annual Improvements to IFRSs 2007 about impairment testing | 1 January 2009 | Effective date of May 2008 amendments to IAS 28 | 1 July 2009 | Effective date of January 2008 amendments...
Words: 3919 - Pages: 16
...23 Consolidation: controlled entities ACCOUNTING STANDARDS IN FOCUS LEARNING OBJECTIVES IFRS 10 Consolidated Financial Statements After studying this chapter, you should be able to: 1 explain the meaning of consolidated financial statements 2 discuss the meaning and application of the criterion of control 3 discuss which entities should prepare consolidated financial statements 4 understand the relationship between a parent and an acquirer in a business combination 5 explain the differences in disclosure requirements between single entities and consolidated entities. CHAPTER 23 Consolidation: controlled entities Prepared for Rotterdam School of Management 429 813 INTRODUCTION The purpose of this chapter is to discuss the preparation of a single set of financial statements, referred to as the consolidated financial statements. The preparation of consolidated financial statements involves combining the financial statements of the individual entities in a group so that they show the financial position and financial performance of the group of entities, presented as if they were a single economic entity. The first issue covered in this chapter is the determination of which entities are required to prepare consolidated financial statements. This involves a discussion of the criterion for consolidation and its application to economic situations. The second issue in this chapter is the accounting procedures for preparing the consolidated financial...
Words: 32518 - Pages: 131
...Introduction This manual sets forth the official compliance policies of Edward Jones. All individuals employed by or working at the firm are required to familiarize themselves with the content and review the manual at least annually. While the manual addresses policies of a compliance nature, individuals are expected to conform to the laws, rules and regulations of the industry and their particular jurisdiction regardless of whether they are covered in this manual. Standards of fairness and good business practice apply in all circumstances. Violations of laws, rules, regulations and firm policies can result in disciplinary or regulatory sanctions against an associate, as well as fines or responsibility for consequential losses resulting from the violation. References to "associate" or "associates" in this manual include general principals and financial advisors unless otherwise specified. Such references also include individuals working both in the home office and in a branch office. Please do not keep the printed manual as a reference as it will eventually be out-of-date. Commissions and Sales Background FINRA Rule 2121 requires prices and commissions charged to the client be fair and reasonable. Policy The firm and vendors with whom it has dealer agreements has either set commission amounts or a range of commissions that may be acceptably charged to a client. Individuals may not make any arrangements with clients outside the parameters set by the firm in its commission...
Words: 4057 - Pages: 17
...Client Group Associate Rotational Program Job Description Our Client Group Associate Rotational Program will hire graduating seniors to work in our New York City office. Each Associate will participate in four six-month rotations over a two-year period. The Program will expose the Associate to the lifecycle of an investment product from the initial generation of the idea to researching interest in the market place to crafting our marketing strategy and ultimately, distributing our products and servicing our Institutional and Retail clients. This includes, but is not limited to, the following: • • • • Researching the market to substantiate or identify attractive opportunities for new and existing products. Establishing the business strategy and rationale for new products as well as designing and implementing new products. Conceiving product marketing campaigns and creating refreshing message content. Generating comprehensive product proposals (aka requests for proposal or RFPs) to capitalize on new business opportunities and responding to due diligence requests from existing clients and consultants. Servicing Institutional and Retail clients by acting as a liaison with various departments to maintain client relationships, fulfill various requests and conduct competitive analysis to drive business development efforts. • Each rotation will require you to learn a new or expand an existing skill set and knowledge base, and/or complete a project that is critical to the success...
Words: 710 - Pages: 3
...16 List of Diagrams Exhibit 1 Group Structure & Summary of Ownership Interests in Subsidiary Exhibit 2(a) Disclosure of Ownership Interest in Subsidiaries Exhibit 2(b) Disclosure of Ownership Interest in Subsidiaries Exhibit 3 Consolidated and Separate SOPL Exhibit 4 Consolidated and Separate Statements of Comprehensive Income Exhibit 5(a) Consolidated SOFP Exhibit 5(b) Separate SOFP Exhibit 6 Consolidated SOCIE Exhibit 7 Separate SOCIE Exhibit 8 Consolidated and Separate SOCF Exhibit 9 Disclosure about Reporting Date Exhibit 10 Acquisition Method of Business Combinations Exhibit 11 Comparisons of Investment in Subsidiaries of 2 years Exhibit 12 Goodwill as Intangible Assets and Computations Exhibit 13(a) Goodwill Recognized on Acquisition Date Exhibit 14 Goodwill shown in Intangible Assets Exhibit 15 Investment in A Joint Venture Exhibit 16 Equity Method of Joint Venture Exhibit 17 Adjustments to CSOFP for MFRS 11 Adoption Exhibit 18 Adjustments to CSOCIE & CSOCF for MFRS 11 Adoption Exhibit 19 Adjustments to SOFP, and SOCF for MFRS 11 Adoption Exhibit 20 Summary of Financial Information...
Words: 5700 - Pages: 23
...875,927,694 331,414,695 37.84 Available-for-sale-investment 840,687,402 816,893,531 23,793,871 2.91 Receivables-Net 113,434,183 158,278,935 (44,844,752) -28.33 financial Assets at fair value through profit or loss - - - - Held-to-maturity investments - - - - real estate held for sale 129,216,942 - 129,216,942 100.00 Other Current Assets 134,567,441 89,025,301 45,542,140 51.16 Total Current Assets 2,425,248,357 1,860,002,690 565,245,667 30.39 Non Current Assets Deferred Tax Assets 11,357,319 5,625,420 5,731,899 101.89 Due from related party - 65,000,000 (65,000,000) -100.00 Available-for-sale in investment - - - - investment in subsidiaries, Associate and joint venture-net - - - - Equity Investments - 88,941,889 (88,941,889) -100.00 Investment property-Net 363,733,216 153,675,589 210,057,627 136.69 Property and Equipment-Net 720,820,379 534,117,133 186,703,246 34.96 investment in an associate 7,105,379 - 7,105,379 100.00 Held-to-Maturity investments 32,071,040 30,468,630 ...
Words: 7573 - Pages: 31
...What is noticed at the beginning of the case is Jeremy Frazer, the associate at the investment bank, Hudson and three other members working on the deal, Jean Fenster, Rich Patten and Payton Edwards, have been keeping their experiences of working with Chip Mazey to themselves. The case reveals that they finally confided in each other about how it was like to work with Chip Mazey. Associates and Analyst at Hudson were experiencing something far more than just a competitive and stressful work environment. Jeremy Frazer along with some of his other colleagues directly under Chip Mazey’s leadership was experiencing a broken culture and disruptive work life. The present culture at Hudson proves to be one of hostility between the employees and VP, Chip Mazey. Mazey has been with Hudson for 10 years, the case reveals that he followed his demeaning and derogatory or “kiss up, kick down” style of working. How is Mazey’s work style affecting the culture of the associates and analyst at Hudson? Mazey’s work style introduces us to our first presenting issues. Mazey attitude affects his work style and the work life of many employees at Hudson. The company provides a 360-degree feedback system, which presented Mazey as having a nasty reputation amongst the analyst and associates at Hudson. Analyst and associates at Hudson are clearly not happy and have not been for the past ten years. Mazey was considered a solid banker at Hudson that gave him the reputation through the organizations...
Words: 1860 - Pages: 8
...Introduction The MASB The Malaysian Accounting Standards Board (MASB) and the Financial Reporting Foundation (FRF) were established under the Financial Reporting Act 1997. The objectives of the MASB are: (a) to develop, in the public interest, high quality, understandable and enforceable accounting standards that require high quality, transparent and comparable information in financial statements and other financial reporting to help participants in the Malaysian capital market and other users make economic decisions; (b) to promote the use and rigorous application of those standards; (c) in fulfilling the objectives associated with (a) and (b), to take account of, as appropriate, the special needs of private entities (defined and explained in Section 1 Private Entities); and (d) to pursue a policy of convergence of Malaysian Financial Reporting Standards (MFRSs) with International Financial Reporting Standards (IFRSs) issued by the International Accounting Standards Board (IASB). MFRSs Comparison of MPERS and MFRSs 1) Component of financial statement MPERS | MFRs | 1. Components of financial statements: (i) Two statements each for financial position, comprehensive income, changes in equity, cash flows and notes. (ii) No requirement for the 3rd statement of financial position. 2. Choice of one continuous statement or two separate statements for presentation of comprehensive income. No requirement to segregate items of OCI into those that may or may not...
Words: 2525 - Pages: 11
...session, students should be able: 1) To define and differentiate significant influence, joint control and control. 2) To determine whether the investor can exert significant influence over an investee. 3) To determine when it is appropriate to use equity method in accounting for investments. 4) To understand the underlying principle of equity method. Reference: IAS 28: Investments in Associate and Joint Ventures I. Accounting for equity instruments from the point of view of the investor: A. Based on management’s intention for acquiring the investment. 1. Passive investment a. Fair value through profit or loss b. Available for sale investments: 2. Active investment Level of influence on investee’s management |Level of control |Definition |Type of entity | |Control |Power to govern |Subsidiary | |Joint control | |Joint venture | | | |Joint operation | |Significant influence |Power to participate |Associate | II. Existence of significant influence. Can the investor exert significant influence over the investee’s operating and financing decisions? IAS 28.3 Significant influence is the power to participate in the financial and operating policy decisions...
Words: 4451 - Pages: 18
...Introduction Jaiprakash Associates is a diversified infrastructure conglomerate based in Noida, India with business interests in Engineering & Construction, Cement, Power, Expressways, Real Estate, Hospitality, Sports, Education (not-for-profit) Information Technology, Fertilizer & Healthcare. As of March 2013, the group had a net worth of Rs. 13,092 crore. DLF Ltd is the largest commercial real estate developer in India and is based in New Delhi. DLF's primary business is development of residential, commercial and retail properties. The company has a unique business model with earnings arising from development and rentals. As of March 2013, the group had a net worth of Rs 27,528 crore. Objectives The primary objective of this project is to make the financial comparison of two major companies, i.e., DLF Ltd and Jaiprakash Associates. The analysis of each company’s performance, profit and loss statement, balance sheet and financial statement ratios are prepared for the period 2009 to 2013. Financial Ratio Analysis 1. Liquidity Ratio Current Ratio Except for the year 2010, DLF has maintained its current ratio at around 2.This figure is better in comparison to Jaiprakash Associates which maintained its current ratio close to 1.3. This implies that DLF Ltd. has more current assets to cover its current liabilities. Average Collection Period Jaiprakash Associates ability to collect customers’ payments on accounts receivable is stronger than DLF Ltd, with Jaiprakash Associates taking 52 days...
Words: 2084 - Pages: 9
...conditioner manufacturing 7 6. Investing is REE's new core competency 8 II. OUTLOOK 10 III. SWOT analysis 19 IV. FINANCIALS 21 1. Good cash flow from office leasing and dividends 21 2. Profits from investments drive earnings growth 22 3. 2013 results review 24 4. 2014 forecasts 26 5. Restatement of 1Q13 earnings depresses yoy performance for 1Q14 28 6. Recent developments among investee companies 29 7. Volatile net margins 29 V. VALUATION AND RECOMMENDATION 29 VI. REFERENCE: 32 I. The company REE has been research for the critically and analyze about the finance of the firm, risk or evaluate on investment recommendation also of this firm. II. INTRODUCTION: REE was founded in 1977 as an M&E (mechanical and engineering) contractor for building projects. The company was privatized in 1993 and began manufacturing its "Reetech" brand of air conditioners in 1999. In 2000, REE became one of the first two companies to list on the Ho Chi Minh City Stock Exchange, and is still usually among the top 10 most liquid stocks in Vietnam. In 2001, REE branched into property investment and construction with its grade B "Saigon E-town", office building project. The cash flows from this project and its core businesses funded a series of savvy investments in additional grade B offices, bank shares, and more recently in utility and infrastructure companies. 1. Management and ownership REE’ss CEO-cum-chairwoman Ms. Thanh and her...
Words: 10256 - Pages: 42
...Saudi Investment Bank (SAIB) 11/9/14, 7:18 PM Home About SACM Education Academic Supervision Academic Accreditation E-Services Emergency ﻋ#ﺑﻲ Job Vacancies for PhD Holders At Jazan University Retail Personal Banking Training Programme – SAIB “Pioneers” Raytheon isGO seeking an Saudi Investment Bank (SAIB) Layalina Productions, Inc. Organization: Saudi Investment Bank (SAIB) Jazan University Saudi Investment Bank (SAIB) Raytheon Company Regional Economic Models, Inc. International Alliance Associate, LLC - Private Equity Virtual Internship International Alliance Associate, LLC IT/Computer Science Internship International Alliance Associate, LLC - Marketing Associate Internship International Alliance Associate, LLC - Research Analyst Internship Saudi Investment Bank (SAIB) Al Kharj Armed Forces Hospitals Derayah Financial CENM-King Abudulaziz City of Science and Technology Alcatel-Lucent Schlumberger Sector: Finance Website: www.saib.com/en Retail Personal Banking Training Programme – SAIB “Pioneers” The “Pioneers” Programme has been specifically designed for entry level graduates with MIS, Marketing, Business Administration, Engineering or relevant Financial, Accounting or Banking related Bachelor or Master's Degree qualifications to acquaint them with the functioning of the retail operations of banks and to equip them with information that is essential at the onset of their banking careers within the Personal Banking Group of the...
Words: 532 - Pages: 3
...unvarnished scoop, check out Vault.” – SmartMoney Magazine “Vault has a wealth of information about major employers and jobsearching strategies as well as comments from workers about their experiences at specific companies.” – The Washington Post “A key reference for those who want to know what it takes to get hired by a law firm and what to expect once they get there.” – New York Law Journal “Vault [provides] the skinny on working conditions at all kinds of companies from current and former employees.” – USA Today Customized for: Triston Francis (tfran@wharton.upenn.edu) SEO Online Career Library Customized for: Triston Francis (tfran@wharton.upenn.edu) SEO Online Career Library INVEST BANKIN CAREE VAULT CAREER GUIDE TO INVESTMENT BANKING © 2007 Vault Inc. Customized for: Triston Francis (tfran@wharton.upenn.edu) SEO Online Career Library Customized for: Triston Francis (tfran@wharton.upenn.edu) SEO Online Career Library INVEST BANKIN CAREE VAULT CAREER GUIDE TO...
Words: 68989 - Pages: 276
...Harvard Business School 9-899-062 Rev. December 7, 1998 Walnut Venture Associates (A): RBS Group Investment Memorandum Ralph Wagner pulled his file on the RBS Group, a young company that developed and sold accounting software specifically targeted to software companies. Wagner was a private investor—an “angel”—and a member of an informal group of other investors known as Walnut Venture Associates. (See Exhibit 1 for background information on Walnut) RBS was seeking to raise $2 million in equity capital to fund its growth. Wagner had agreed to take the lead role in evaluating RBS as an investment opportunity for Walnut. While Wagner would spearhead the process, each individual would make his own decision about whether to invest in the company. It was December 26, 1997 and Bob O’Connor, RBS’s founder and CEO, had presented to the Walnut group one week ago. The group had been impressed with O’Connor, with RBS’s business focus, and with the fact that the company had a product, sales and even earnings. Based on this positive first impression, the group had decided to take the next step and begin a more in-depth investigation of the company and its prospects. Half a dozen or so “Walnuters” had indicated an interest in possibly investing, and it was up to Wagner to come up with a due diligence agenda for these individuals. He pulled out RBS’s plan (See Exhibit 2) and began to sort through the issues the group should investigate during this phase, as well as an...
Words: 11914 - Pages: 48
