...Executive Summary AirTex Aviation is an aviation company, where located in one of the most rapidly growing communities in San Miguel Airport. The company provides fuel line services, Flight training and Aircraft sales. Unfortunately, due to poor organization structure and management team, the company goes to bankruptcy in early 1989. Two Harvard business students, Ted and Frank are interested in purchasing and helping a failing business that show a lot of potential. Both of them would like to implement decentralization strategy and a new control system for this failing company in order to change the current poor organizational structure. Ted and Frank’s Strategic Objectives and What Made Air Tex a Good Target Ted and Frank had an ambition to do a “turn around” in a failing business with potential and Air Tex seemed to meet their strategic objectives for the following reasons: 1. Affordability-Ted and Frank purchased Air Tex Aviation’s stock of $100,000 including leasing on the building with purchasing option. Later on, they exercise the option less than the market value, and sell and lease back the building. By doing this, they have already increase the working capital of $500,000. 2. Management-The poorly managed organizational structure of Air Tex became attractive to Ted and Frank and they both believed the company was in need of a new structure - decentralization. They had the skills and ability gained from school and workplace to create a new decentralized environment...
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...Gaspard Virgile Lafitte Pierre Vally Kevin AC 503 E MANAGEMENT CONTROL FALL 2008 Take-Home Case Study: AirTex Aviation Table of contents Table of contents......................................................................................................................2 Executive Summary .................................................................................................................3 Issue statement ........................................................................................................................4 Data analysis............................................................................................................................5 Key Decision Criteria................................................................................................................6 New control system implemented ............................................................................................7 Recommendations .................................................................................................................10 Action and implementation plan .............................................................................................11 2 Executive Summary Two managers recently graduated purchase Air Tex Aviation, a firm on the verge of bankruptcy. In front of the discrepancies of the current control system, Ted Richards and Frank Edwards decide to implement a system which improves transfer pricing, cost allocation...
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...Studies Human resource accounting and international developments: implications for measurement of human capital Maria L. Bullen Clayton State University Kel-Ann Eyler Wesleyan College Abstract Human Resource Accounting (HRA) involves accounting for expenditures related to human resources as assets as opposed to traditional accounting which treats these costs as expenses that reduce profit. Interest and contributions to growth in HRA have been evident in a number of countries. The strong growth of international financial reporting standards (IFRS) is an indication that the environment for international financial accounting is one that potentially encourages the consideration of alternative measurement and reporting standards and lends support to the possibility that future financial reports may include nontraditional measurements such as the value of human resources using HRA methods. Keywords: Human Resource Accounting, Human Capital, Intellectual Capital, International Accounting, International Financial Reporting, International Financial Reporting Standards Human Resource Accounting, Page 1 Journal of International Business and Cultural Studies Introduction Human Resource Accounting (HRA) involves accounting for the company’s management and employees as human capital that provides future benefits. In the HRA approach, expenditures related to human resources are reported as assets on the balance sheet as opposed to the traditional accounting approach which treats costs...
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...AEROSPACE MBA Syllabus & Curriculum 2015-2016 Contact: Phone: +33 5 61 29 48 64 Fax: +33 5 61 29 48 07 E-mail: aerospace.mba@tbs-education.fr TABLE OF CONTENTS Welcome to the Toulouse Business School Aerospace MBA program 3 The pedagogical philosophy 4 The general structure of the Aerospace MBA 4 Assessment guidelines 7 Team Building Seminar and Leadership Development 10 Core Management 14 Process Workshops 23 Electives 34 Corporate mission project / Professional thesis 35 Academic team 37 Administrative and Management Team 39 Appendix I: Details on Multicultural Team Project 40 Appendix II: Details on Corporate mission project / Professional thesis 41 2 Welcome to the Toulouse Business School Aerospace MBA Program Preamble The Aerospace MBA is a post-experience degree seen as a career accelerator or a means to make a career shift after a minimum of 3 years’ professional experience. This MBA is a generalist degree in business administration with a broadening management program linked to the Aerospace sector and environment. The Aerospace MBA has a minimum length of one year of full-time or 2 years of part time study in the wonderful city of Toulouse. The Aerospace MBA will require a significant amount of classroom study or structured contact. In all, the program requires a minimum of 1800 hours of personal work. This MBA program is intellectually demanding...
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...AEROSPACE MBA Syllabus & Curriculum 2015-2016 Contact: Phone: +33 5 61 29 48 64 Fax: +33 5 61 29 48 07 E-mail: aerospace.mba@tbs-education.fr TABLE OF CONTENTS Welcome to the Toulouse Business School Aerospace MBA program 3 The pedagogical philosophy 4 The general structure of the Aerospace MBA 4 Assessment guidelines 7 Team Building Seminar and Leadership Development 10 Core Management 14 Process Workshops 23 Electives 34 Corporate mission project / Professional thesis 35 Academic team 37 Administrative and Management Team 39 Appendix I: Details on Multicultural Team Project 40 Appendix II: Details on Corporate mission project / Professional thesis 41 2 Welcome to the Toulouse Business School Aerospace MBA Program Preamble The Aerospace MBA is a post-experience degree seen as a career accelerator or a means to make a career shift after a minimum of 3 years’ professional experience. This MBA is a generalist degree in business administration with a broadening management program linked to the Aerospace sector and environment. The Aerospace MBA has a minimum length of one year of full-time or 2 years of part time study in the wonderful city of Toulouse. The Aerospace MBA will require a significant amount of classroom study or structured contact. In all, the program requires a minimum of 1800 hours of personal work. This MBA program is intellectually demanding...
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...Studies M.Sc. Aviation Management AVMT 6001 – Accounting for Business Decisions AVMT 6001 – Group Project 2 Managerial Accounting - JetBlue Airways Corporation Group Members: Cherrish Bridgemohan - 807001633 Rajiv Debie - 04708006 Israel Duncan - 814004144 Kenrick Duncan - 814002425 Neil Shepherd - 814004177 Signatures: Cherrish Bridgemohan ___________________________ Rajiv Debie Israel Duncan Kenrick Duncan Neil Shepherd ___________________________ ___________________________ ___________________________ ___________________________ November 16, 2014 Table of Contents I. II. Table of Abbreviations ........................................................................................................................ 5 Executive Summary............................................................................................................................ 6 III. Introduction......................................................................................................................................... 7 IV. Background – JetBlue Airways ......................................................................................................... 7 V. Management Accounting Information.............................................................................................. 8 Financial Accounting versus Management Accounting ............................................................................... 8 Uses of Management Accounting Information ....
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...AIR TRANSPORT MANAGEMENT AND OPERATIONS David Lambert Air Transport Management and Operations Contents Introduction - Page 3 Principles of Management – Page 4 Human Resource Management – Page 9 Safety and Security – Page 14 References – Page 18 Introduction All companies and organisations are interested in producing profits, increasing market share and growing the range of products and services that they provide. In order to achieve these goals effective management within the organisation is required. In a general terms management is comprised of ‘top management’, ‘middle management’ and ‘operating management’. However when organisations reach the size of today’s major carriers these definitions can become fully define and a larger framework is required. When the air transport industry was in its infancy management was a much simpler process with smaller teams and shorter communication paths between levels within the organisation. In recent years major carriers have come to employ tens of thousands of people reducing the importance and sense of contribution anyone employee has within the structure. Lines of communication have stretched between decision-making and the ground worker removing a sense of teamwork and a confusion of the ultimate goals of the airline. In the highly competitive world of air transport creating and maintaining an efficient...
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...Chapter 1 1-7. The leading export industries in Kansas State are Transportation: Wichita produces 50 % of general aviation aircraft in the United States and 40% of the global supply. The computer industry comes second with 31.7%, and finally electrical equipment 20.5%. The leading export firms are Agrex Inc., Flint Hills Resources, Invista, National Beef Packing Co., Searles Valley Minerals, Cargill, Koch Supplies, and General Motors, Spirit Aero systems Inc, Koch Industries, Bombardier Aerospace, Hawker Beechcraft and Hills Pet Nutrition. According to the US department of Commerce, Kansas is the 27th biggest exporter in the US with total exports of $12.5 billion in 2008. The impact of export in Kansas economy are increased employment, increased production, income investment and increased standard of living. Places to go for information are: Kansas Chamber of Commerce, SBA: Small Business Administration, U.S. Department of Commerce, U.S. department of Labor, and U.S. department of Agriculture. In order to promote domestic exports, the Kansas Department of Commerce’s Trade Development Division sponsors the Kansas International Trade Show Assistance Program. The state government helps small companies grow and be more competitive in the market by giving subsidies, tax breaks, and job trainings, devalue lands so companies can afford them, and lobby companies to relocate to Kansas. 1-8. Franchising is a business arrangement that utilizes an agreement to license, control and...
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...Map for Horngren, Foster & Datar: Cost Accounting: A Managerial Emphasis, 10th Edition (Prentice Hall) This map was prepared by an experienced editor at HBS Publishing, not by a teaching professor. Faculty at Harvard Business School were not involved in analyzing the textbook or selecting the cases and articles. Every case map provides only a partial list of relevant items from HBS Publishing. To explore alternatives, or for more information on the cases listed below, visit: www.hbsp.harvard.edu/educators Case Title Institution, HBSP Product Number, Length, Teaching Note Geographical and Industry Setting, Company Size, Time Frame Abstract, Key Subjects PART ONE: COST ACCOUNTING FUNDAMENTALS Chapter 1: The Accountant’s Role in the Organization Chapter 2: An Introduction to Cost Terms and Purposes Carver HBSP United States, Consulting Co. #199006 consulting, 10,000 7p employees, 1994 Daniel Dobbins Distillery, Inc. HBSP #189065 7p TN #189172 Tennessee, liquor distillery, 1988 The managing partner of a relatively new consulting firm is concerned because training costs at the firm's new training center are higher than expected. Analysis of actual costs compared to those expected is required. In addition, he is considering capitalizing some training costs for later amortization. A management control system for the center is also a priority. A distiller increases whiskey production and income declines because of accounting methods in use. Questions are raised regarding...
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...Selex Galileo: A Leader in Defense Systems Amber Tucker Embry Riddle Aeronautical University Managerial Accounting-MGMT 517 Abstract A look inside an Italian-based, leading global defense company reveals roots dating back to discoveries made by the famous, Galileo Galilei in the 1500s. The introduction of the telescope along with the realization of Jupiter’s satellites, and speed of falling objects have been the backbone of Selex Galileo. The company exhibits a strong willingness to work alongside competitors to maintain global defense measures. The staggering 17% commitment of revenue to Research and Development make Selex Galileo a company that maintains flexibility and innovation throughout changing times and demands. Company profits of 2014 are probably well above the 2011 revenues that totaled over 3.5 billion Euros. With an ever-decreasing military budget, Selex Galileo is finding ways to continue its strides and success. Backdrop In the teachings of astronomy, “Galileo” is credited as the Italian astronomer and mathematician that first used a telescope to study the stars. This leap in science occurred during his lifetime, 1564-1642. He has also been credited with discovering that different weights will descend at the same rate. He perfected the refracting telescope during his lifetime. The perfecting of the telescope led to his discovery of Jupiter’s satellites, sunspots, and craters on the Earth’s moon. Because of Galileo Galilei’s advances in the area...
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...Background Raymond was incorporated in 1925 and it’s a leading Indian textile major. The company is part of global conglomerate Raymond Group. In year 1959, Raymond was the first company introduced a polywool blend India to creating the world’s finest suiting fabric the Super 204s made from the superfine 11.6 micron wool. It produces wool-blended and premium polyester viscose worsted suiting. Besides, textile company was also diversified in engineering and aviation. Name of largest manufacturer of steel files in the world belongs to Raymond, accounting 30% of market share. Raymond’s textile plant is located in Thane, Vapi and Chhindwara. In 2011 the company launched 600th Raymond Shop outlet. In 2013 Raymond Premium Apparel crossed Rs.1 brand mark, and the company marked the Pan–India launch of ‘Makers’ brand. Raymond culture: Core values of the company are quality, safety and respect. With continuing excellence and integrity, these are the tools, the intangible brick and mortar that allow Raymond Ltd to build the future, Raymond Ltd believed in creating close collaboration within their team and each one of their clients. The following values guide the daily action of all their employees and partners are: Integrity : Raymondite are all required operating business with highest moral standard. Quality : Achieving the excellence result in all the Raymondite do. Safety : Raymond Ltd protecting the well being of all their employees. Respect : Raymond Ltd recognized and appreciated...
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...换一个你的 School of Management, University of Glamorgan Research on Internal Audit Participate in Risk Management-Based on the ERM Framework of COSO By: Weichen Zhu Candidate no: 学号 September 2012 Supervised by: 你导师的名字 The dissertation is submitted as part of the requirement for the award of Masters of Science: 你专业的名字 Declaration This Dissertation has been prepared on the basis of my own work and that where other published and unpublished source materials have been used, these have been acknowledged. Word Count: Student Name: __________________ Signature: ______________________ Date of Submission:______________ Acknowledgement This is my first time to go aboard for studying. During different campus life in the UK, it is wonderful with deep impression. I learned how to use my internal power to make things happen and how to live my own life. All efforts contribute to my growth, but I cannot forget people who encourage and help me. Probably, I am not happy to study in my whole postgraduate time without support. Firstly, I would like to thank my supervisor 你导师的名字. He helps me develop the ideas and complete this dissertation. Especially, when I make a survey in China, I communicate with him through email. Sometimes, I am afraid that my timetable could have bad effects on him. However, he usually gives me feedback as soon as possible. Therefore, I only use 20 days to finish my survey. This kind of strong professional ethic is worth to learn...
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...these organizations as well as investigating the factors responsible for the present level of adoption of these technologies in the organizations. Globalization of the social economy will further increase during the 21st century. The mission of international air transportation will become more important, and all airports around the world will have a significant role to play. Furthermore, it is predicted that air transportation demand in the world will double over the next 15 years. In the meantime, since the September 11, 2001 terrorist attacks on the United States, the environment surrounding the aviation industry has become very severe and has caused adverse impact to the entire aviation industry. Security at airports has been reinforced in all aspects, significantly deteriorated on-time performance, caused mass congestion at the airport, and caused a drastic increase in aviation management and operational costs. Owing to...
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...Financial turnaround of the Indian Railways: Good Luck or Good Management? Abstract We analyse the factors that led to the turnaround of the Indian Railways from a low performing organisation to a high performing one. Literature on public sector turnaround provides the theoretical underpinnings. Enterprise turnaround is often ascribed to managerial leadership; we found that environmental factors (good luck) contributed in a substantial way to the success of Indian Railways. The implication of our study is that an organisation’s turnaround success needs to be put in a wider context. D. Gupta & M. Sathye Financial Turnaround of the Indian Railways ASARC WP 2007/13 3 On 15 April 2006, the Washington Times carried a lead story on the turnaround of the Indian Railways (IR) — a departmental organisation run by the Government of India (GOI). It stated ‘…few now doubt that Mr. Yadav (Minister for Railways) has presided over an impressive business turnaround ….more importantly, he’s taken the world’s largest employer — a government giant of 1.5 million employees — and boosted revenues by 15.5 percent without raising fares’ (Nelson, 2006:1). Pai Panandiker states ‘Indian Railways has turned around and made an estimated profit of $2.5 billion in 2005-2006. What is important, however, is that, unlike previous ministers, Mr. Yadav has looked upon Railways as a commercial enterprise and not a social welfare institution. [He] is a hard taskmaster and will ensure his subordinates ...
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...Abstract Theory of constraints (TOC) is about thinking in logical, systematic, or structured processes similar to the PDCA learning loop and also about analyzing cause and effect, verifying basic assumptions, exploring alternatives and process improvement. The goal of TOC is to maximize the efficiency of a process selectively at the most critical points (constraints) and thereby maximize profitability. The purpose of this paper is to provide a comprehensive descriptive study on applying “Theory of Constraint” principles in improving the effectiveness of the service process that was limiting the entire service system. We have studied based on Schmenner’s classification of service organizations into four quadrants of service process matrix. Clear explanations supplemented by examples for each quadrant define how the theory works, why it works and what issues are resolved and what benefits are accrued. Introduction Operations management of services talks about how to plan, execute and improve service delivery so that more services are delivered faster and reliably with same/similar resources without compromising on quality. Services, in general, can be any of – Public Services, Professional Services, IT Services, Healthcare services, Banking/Insurance etc. Theory of Constraints, as proposed by Eli Goldratt, works well in a Manufacturing setup, but to replicate in a Service model requires adaption more than adoption. It should be accepted that trying to force a service organization...
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