...To: Peach Blossom Cologne From: Anderson, Olds, and Watershed Date: December 28, 2010 RE: Audit Plan Our audit team, Anderson, Olds, and Watershed, will be auditing the financial statements for the year ended December 31, 2010. We will begin on January 11, 2011 and end February 5, 2011. The audit will follow a tentative time budget (reference P-1 Time Budget). Our objective is to correctly attest, following AICPA rules, as to whether the company Peach Blossom Cologne has issued financial statements that are fair by GAAP. The team has identified various risk factors involved in this audit engagement. As evidenced by our Internal Control Questionnaire, PBC has failed to prepare an organization chart, which would ensure that the employees are aware of their restricted duties and responsibilities to the company. We have also identified that management does not require personnel who have financial responsibilities to take annual vacations, which increases risks that frauds and/or errors may not be caught in the absence of the employee. Also, output devices such as printers are not located in a secure area and LAN reports are left unlocked. Upon further consideration of internal controls, we have noticed a few weaknesses regarding the handling of mail and separation of duties. All of these internal control deficiencies will be considered in the audit of PBC’s financial statements. Our team’s initial horizontal, vertical and ratio analyses have raised a few questions that we plan...
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...Problem Identification David is convinced that his boss wants to fire him. He will not meet 6-month and 12-month sales plan unless he uses creative accounting. Root Cause Analysis There is relationship conflict between David and his boss. Some elements did not fit with each other (open system). Carter had his own favorite, so promoting David created political situation (individual–informal organization, work–informal organization). Promotion rules were faulty, as David was promoted without his boss consent and basing on one presentation (work-formal organization). Above mentioned are situational factors in MARS model. Looking at abilities David had little agreeableness expressing his displeasure with flight booking and making impression of being pompous. Although very assertive, hid did not talk to Carter to explain political situation. David also did not have clear role perception as subordinate to Carter. He did not submit requested information or did it in unsatisfactory way, e.g. status of Meryll Lynch. He did not inform the office, where he was, if he changed plans. It made his position weaker to question Carter’s sales plans. After talking to clients, he believed Carter was too optimistic or even had fabricated forecasts to get promoted. Solution Building David should start obeying rules (call the office and inform about his whereabouts, deliver information Carter asks for, hand in assignments...
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...been hired by Dofasco to plan and execute a selection strategy for the next 10 years. Assume retirements are evenly distributed over this time. Drawing upon this case and supplemented by your own knowledge and research, write a memo to the management of Dofasco that answers the following questions or completes the required tasks. What information will you need to collect to plan a response for this transition? How will you use this information to create a selection strategy? (400-600 words; you may use a table to present the information needed and its purpose) The information that I would need to collect to assist Dofasco with the transition of having colleagues retire and new faces come in the company is the following: * First off having a HR Planning Process which describes the organizational as a whole I terms of recruitment needs will be helpful in the transition. In terms of what will be included is, external factors affecting recruitment, internal factors, job analyst , organizational analyst, job performance and the most important recruitment and selection of the candidates * What strategy do you recommend to address the large number of hires necessary in the next 10 years? Provide an outline that addresses HR planning, recruitment, and selection activities and how they are related. (400–600 words) What selection tools might be appropriate to assess applicants’ leadership potential, organizational fit, and ability to acquire knowledge...
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...Graphic Organizer: The Steps in Business Writing Planning / Brainstorming - Revising - Editing - Proofreading Planning – Examine the issue or task; defining the purpose; examine the audience; collect information and facts; choose a pattern of organization; make an outline or create a list. Brainstorming – Think of all the ideas you can, without judging them. Generate as many ideas as possible. Other techniques include clustering and freewriting. Freewriting is a technique in which you write down anything you can think of for 10 minutes, read what was written and identify the best point in the draft. Set it aside and then write for another 10 minutes, and repeat the process. After about the third free-write several good ideas will have surfaced. It is even possible to have a complete draft by the end of this process. Clustering is to write the topic in the middle of the page and circle it. Write down ideas that the topic suggests and circle them too. When the page is filled, look for patterns or repeating ideas. Use these ideas to develop reader benefits for memos, survey questions, or content for the bodies of a report. Talking to your audience can also help involve the audience in the planning process and help to understand the social and political relationships among readers. Revising – Revising is the process in which the document is changed to better clarify the writer’s purpose and satisfy the audience. You may need to add transitions, omit repetitive parts, or...
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...Date: 25th May 2012 To: BUMGT6935 Students CC: Partner Lecturers From: Sally-Anne Leigh (Course Coordinator) RE: Exam Memo, Semester One 2012 The following information will help you in your preparation for the final exam of BUMGT6935, Semester 1, 2012 Please note that the exam is comprised of two parts: Part A has six questions; you are to answer four (4) questions only. Each question is worth 8 marks (total of 32 marks). Each answer should be approximately half to one page long. Part B has two essay questions; you are to answer one (1) question only. This question is worth 18 marks. Each answer should be two to three pages long. It will be a closed book examination- NO MATERIAL (other than Foreign Language Dictionaries) shall be allowed inside the Exam Venue. You may wish to take a calculator into the exam if you wish. This Exam provides you with an opportunity to demonstrate knowledge application. Although diagrams, analytical modelling and calculations may help to support your answer, this will not be a key focus of the questions. PART A For Part A – Short Answer Questions - while all topics are examinable you should focus on the following themes/chapters: * Operations Management, Performance and Strategy * The Nature of Planning and Control * Capacity Planning * ERP * People, Jobs and Organisation * Lean Synchronisation * Operations Improvement Each answer should be approximately half to one page long. Using relevant examples...
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...Thank you for allowing us the opportunity to work with your company. As requested, we have examined HF76’s sales functions and critically evaluated the current sales incentive as well as the newly proposed plan as you requested. While I understand that the newly proposed system is to gear up profitability towards HF76’s targets, I believe that there are still some issues that are yet to be resolved. The unresolved issues are; • Has the new system actually resolved the problem of sales forecast? • How can this new incentive system motivate salespersons in the negative and low margin products? • What about the sales assistants, how does the new system motivate them in line with the company’s goal? This memo aside examining the current and newly proposed system, will also analyze these unresolved issues in the newly proposed system and attempt to offer recommendations where possible. An Overview of Current Incentive Plan The current system as rightly pointed out by M.S Lee, there is a “mismatch between our company objectives and our sales force incentives because our commission is based on sales, not product profitability.” This as well as inaccurate sales forecast to bank on are the major problems in the current system. Besides, other issues include: salespersons attitude towards getting new customers. Salespersons hardly reach out to new customers; lack of communication between departments especial the sales and operations departments; commission paid out to salespersons...
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...be included within the body of the document. An operational plan provides detailed information on planning, resource, implementation and funding for projects normally developed from the strategic plan. An operational plan should contain indicators to measure progress and performance. When written an operational plan will be defined by the following questions - Where are we now? - Where do we want to be? - How do we get there? - How do we measure our performance? Operational plans also comprise responsibility, allocation and contingency for variation . Activity 2 Consultation讨论会 can be undertaken both formally and informally. Outline some of the tools that can be used for formal consultation and discuss their various merits优点. Answer: Forms of formal consultation can include: • Information sessions • Focus groups, workshops, Meetings • Feedback mechanisms • Invitations for submissions from stakeholders • Communications mechanisms such as email, intranet, newsletters or memos These consultation processes can be used to gain valuable information from all stakeholders or can be refined to incorporate specific groups or interested parties. Consultation should be an ongoing process through any operational planning cycle. Activity 3 In your own words, explain why Key Performance Indicators (KPIs) are an important part of the operational planning process. Answer: KPI’s provide a clearly defined way to measure if an organizations goal is being...
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...Time Management is a very important aspect of life. Once you learn to properly manage your time, you will be able to accomplish a lot more in a typical day. Your life will become less stressful since you will be able focus on the things which are most important to you rather than things that are considered unimportant. Unimportant things tend to just waste your precious time (Hearn, 1)) Since our lives only consist of 24 hours, we need to be able to plan and schedule things that need to be done efficiently. In order to make an effective schedule, it is important to know what needs to be done and where we need to be. As stated by Wendy Hearn (1999-2011), “Time management is about you and how you would like to spend it.” Our daily activities need to be prioritized. We need to decide what is important to us not to others. This will make our lives more productive and a lot less stressful. You will even start to feel more in control of your life. Time Management is going to change you life for the better. Decide on a plan and label the things that you need done by the four D’s of time management. These are Do it, Delegate it, Dump it, and defer it. Everything on your to do list can be classified under one of these labels(Hearn, p.2). A poorly planed schedule will waste your time so, be careful when categorizing your daily tasks. “Make sure to write down all appointments, get together, and meetings and try your best to finish all important task immediately to avoid...
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...Communications, Sixth Edition, 2009, p. 58). The corporation will have to decide whether they require a LAN, Local Area Network, if the corporation only needs their network to share resources within a building, (Local Area Network Technologies, 2012). The corporation may want to use MAN, Metropolitan Area Network, if they have multiple building that need to share a network. An example would be a college campus. (Metropolitan Area Network, 2012). The information requirement of management leads us to the three points of the initial roll out phase and network security. The points of initial roll out are plan, analyze, and implementation. (eWeek, 2004). The first point of initial roll out is plan. The planning process is a very critical part of the roll out process. During the planning point, this is where the developers have to take in consideration the growth and acceleration of the computer industry and how this growth effects the computing and information service needs for large corporations. The corporate computing world demands environments that “ uses client/server computing with intelligent graphical desktops and workstations, which communicate with local and divisional personal computing with intelligent, graphical desktops and workstations,” (Microsoft Tech Net, 2012). These workstation need to also be able to communicate with the...
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...Management Planning National Beverage Corp University of Phoenix MGT/330 Jacqueline Lester December 20, 2010 National Beverage Corp is a regional bottling company located in the United States. Some of their products are Shasta, Faygo, Ohana, and Everfresh. National Beverage Corp’s products are available at convenience stores, supermarkets, and other retail stores. The company has a management planning function that is affected by ethical policies, social responsibility, legal issues, and many other factors. The meaning of ethical conduct is not completely clear in the business world. In numerous cases, business philosophy says that people should conduct themselves in a manner above criticism. It is very important that all employees of National Beverage Corp conduct their business affairs in an appropriate behavior. Ethical conduct is essential to ensure triumphant, continued business relations. The laws of National Beverage Corp are observed to make sure that they have the highest ethical standards. If a person is uncertain about a problem, it is very important to seek help. The problem is discussed with management, and then it is resolved. The business conduct policy is not always built on hard set rules but instead offers some common sense used in day-to-day business life. NBC employees are informed that they have to be aware of anything that could cause them to engage in unethical actions...
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...Educational Development Plan To complete this plan, refer to the three University Orientation Seminar Readiness Center reports you received and used in the UOS1500 seminar courseroom. Using the results of those reports, along with your personal preferences and goals, identify three areas of strength and list them in the table provided below. Readiness Areas: • Technical Readiness. • Online Learning. • Online Communication. • Time Management. • Goals and Motivation. • Building a Support Network. • Learning Strategies. • Writing Strategies. • Information Literacy. Areas of Strength |1. Technical Readiness | |2. Learning Strategies | |3. Building a Support Network | Now follow the same process to identify three areas in which you would like to improve your knowledge and skills. For each of the areas, specify a short-term, specific goal: something you will accomplish that will improve your performance or knowledge in this area. Enter that goal, then a brief description of how you will achieve your goal. If there were resources identified in this seminar, or...
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...inventory and above/below the line adjustments to gross margin, receipts and inventory. Plans are usually developed in value with average unit retail prices for inventory, receipt and sales added to understand unit volumes at a high level. The sales flavors regular, markdown, promotional and clearance sales KPIs are planned individually including the average retail price of the sales type. In-season plan updates recalculate open-to-buy budgets based on trend. With that the analysis of business trends to identify variances to plan are possible on a weekly basis and allow stakeholders to take action. Merchandise Planning – OTB and Unit Flow Plan The merchandise Planning includes several workbooks for the different levels of the article hierarchy. The workbooks look very similar, but addressing different roles in the organization, like VP of Planning, Planning manager, merchandise manager, or however your organization is set up. One very nice feature is, that the solution provides you flexibility depending on your set-up, if you have planners for all the different levels (you remember: division, department, class and subclass), or if you just want to plan for example on division and break it down from there to class and subclass. All workbooks consist of two worksheets – one for open-to-buy plan and a second one for the unit flow plan based on average unit...
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...It was recognized early in the development of the ICS that the critical factor of adequate planning for incident operations was often overlooked or not given enough emphasis. This resulted in poor use of resource, inappropriate strategies and tactics, safety problems, higher incident costs, and lower effectiveness. Planning involves evaluating the situation, developing incident objectives, selecting a strategy, and deciding which resources should be used to achieve the objectives in the safest, most efficient and cost-effective manner. The primary phases of the planning process are essentially the same for the Incident Commander who develops the initial plan. For the Incident Commander and Operations Section Chief revising the initial plan for extended operations, and for the incident management team developing a formal IAP, each following a similar process. During the initial stages of incident management , planners must develop a simple plan that can be communicated through concise verbal briefings. Frequently, this plan must be developed very quickly and with incomplete situation information. As the incident management effort evolves over time, additional lead time, staff, information system, and technologies enable more detailed planning and cataloging of events and lesson learned. In my opinion the planning process is the most helpful in the Subdivisions of the ICS chart. During any incident it is important to always have something planned before anything ever happens...
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...Universities would be an effective and affordable approach. Apple also will have its fair share of direct applicants, considering the fact that it is very trendy and appeals to all consumers. As stated in the NY times, it has "cast a spell" on consumers and investors. When visiting Apple's website for careers, the page is appealing and full of promise for not just any job, but a career. Apple is a company that is going to always stay on the frontier of new ideas. In order to do this, it is important to stay fresh with new perspectives and ideas. With this being the case, Apple would want to not only source their talent from internal sources such as referrals or all internal promotions. It is important to show growth and have succession planning in any company, but it should not be the sole source of growth as it might limit new ideas and innovations from coming to the table from outside experiences. Recruiter traits and behaviors that would lead to a successful recruiting campaign for Apple Recruiters for Apple would have to have both the talent of being warm, welcoming, trendy, innovative as well as specialists in the Apple product, culture and mission. In order for Apple to attract the best talent, they have to have the best talent looking for them. The product Apple has a certain appeal and when one goes to an Apple store or an Apple table at a job fair, there is a certain expectation that the person you are going to be talking with, is just as trendy as...
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...of the personal potential according with the values, world view and outlook of the person. We consider the mission of the human being as a prerequisite for the formation of the purposes, goals - as a subject for equipment with criteria, values - as a basis for prioritization, and thirst for self-development - as the primary motivator. Of course, according to Van Eerde (2003), it can be stated that the one who does nothing needs no discipline. Therefore, the more we have plans, desires, goals and intentions, the more we feel the need for time management. The more interesting and richer life of a man is, the more necessary is an organization, a reasonable allocation of time during the entire set of cases and duties. Thus, discipline, planning, ability to make a schedule and stick to it - all of this is not an end in itself because these concept can be considered the tools with which help the person to carry out his goals, and achieve...
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