...than in terms of reporting to shareholders and other outside parties. Because of the differing focus of Part 1 of the book, particularly the later chapters, some students will forget that they are dealing here with information for an apparently unsophisticated manager to help her run a small business, and not data for a NYSE company. This case is compelling both because students understand the business—fitness-training—and because there is a real problem to discuss. A trusted employee was both stealing cash and, by not recording all sales, diverting some revenues to herself. Discussion of this simple case helps students think about both the records needed to run the business and the challenges managers face in making sure the information put into the records is recorded accurately (i.e., the challenges faced in maintaining an effective internal control system). The case illustrates a common problem faced in many small businesses—lack of overlapping controls, or in this case, what auditors call “separation of duties.” Discussion To run this simple privately-held business, Rosemary does not have to be concerned with generally accepted accounting principles. She does need to keep records that will allow the easy preparation of a tax...
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...Environmental and Consumer Influences Analysis PSY 322 Don Crabtree Environmental and Consumer Influences Analysis A consumer’s product selection, whether it is an item or a service, is influenced by a number of competing factors. All of those factors can make the process easier, or more difficult, depending upon the consumer’s own decision making process. Social, political, psychological, cultural, and legal processes, to name a few, all influence the consumer’s decision making process. In the case of retirement investments, particularly variable annuities, that process is made even more difficult due to the complexity of the investment. Tax consequence must be considered. Inheritance and wealth preservation are affected. Daily living income may be impacted. Those factors, along with a host of others, are why variable annuities are required to be sold through a registered broker-dealer of securities. A typical grievance of many investors is that they feel overwhelmed with advertising techniques and manipulated into make purchases. It is no wonder that they feel this way. Most investors are simply not educated in the myriad of factors that affect an investment product and its performance. When faced with the option of purchasing a variable annuity, those influences become even more difficult to grasp, because any variable annuity is complex hybrid of life insurance and stock investments. A broker must be versed in the attributes of many comparable products...
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...1.0 COMPANY BACKGROUND In 1936 John Sather grocery shop burned, after that he began to distribute cookies in bulk around Round Lake, Minnesota. As time passed by, his son Kenneth joined the business and implements value buying with packages of cookies and candies such as almond barks of four packages for $1.00 and distributed to five counties. Besides cookies and candies, Sathers expended their production lines to nut productions in 1960’s. By the early 1960’s, Sathers convinced to get business by distributing cookies and candies products to Kmart grocery shops which cost two bags of $1.00. This established Sathers original ‘TWO for ONE’. Through Kmart groceries distributions, Sathers candies distributed nationwide by 1972. In early 1990s, Sathers owned nut and candy manufacturing plants in Hopkins and New Orleans respectively and film printing manufacturing company which was based in Rogers, thus increased their packaging capabilities. At this time, Sather employed approximately 1500 manpower, at all manufacturing and distribution centre’s. In 1992, robotic facilities were introduced in manufacturing sector to systematic operation until palletization. Sathers centralize their operation centre in Round Lake, in order to monitor manufacturing plants, distribution centers and printing plant systematically. The systematic managements and computerized system enable telemarketing tracking, monitoring, account and also recording more efficiently whenever the distribution...
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...and do so in good faith with the care an ordinary prudent person would exercise in similar circumstances. This duty requires the individual BoD members pay attention to NPO activities and operations. Per a New York Times summary, top executives at the Fiesta Bowl funneled campaign contributions to local politicians, flew other Arizona elected officials to various points around the country at the bowl’s expense, racked up a $1,200 bill at a strip club and even spent $30,000 on a birthday party for the chief executive, according to an investigative report commissioned by the Bowl’s BoD. Lessons on internal controls from the scandal are important to sports programs’ cultures throughout the country. This scandal could determine how an NPO’s tax exempt status is overseen. The scandal also had implications for political contributions and NPO governance. FACTS OF THE SCANDAL Known in Arizona as the "Nonprofit Scandal of the Year," the Fiesta Bowl, the umbrella organization for four Section 501(c)(3) organizations the Arizona College Football Champion, the Arizona Sports Foundation, Fiesta Events, and the Valley of the Sun Bowl Foundation were rocked by avoidable controversy. The Fiesta Bowl staff learned of the problem following an Arizona Republic newspaper article December 18, 2009 written by Craig Harrison. The staff then retained Grant Woods, a former Arizona Attorney General to conduct the first investigation into allegations in the Republic article. Woods reported to the...
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...1 How Amazon and Same-Day Delivery Will Effect Retail Commercial Real Estate by: Ryan Mitts FIN 5433 Dr. Tony Ciochetti 03/30/2013 2 TABLE OF CONTENTS EXECUTIVE SUMMARY....................................................................................Pg. 1 INTRODUCTION.................................................................................................Pg. 2 THE STATE OF RETAIL REAL ESTATE.........................................................Pg. 3 THE THREATE OF E-COMMERCE TO RETAIL REAL ESTATE..............Pg. 4 IMPLICATIONS OF SAME-DAY DELIVERY.................................................Pg. 7 THE FUTURE OF RETAIL REAL ESTATE.....................................................Pg. 9 CONCLUSTION...................................................................................................Pg. 11 REFERENCES......................................................................................................Pg. 12 1 EXECUTIVE SUMMARY Real estate throughout the world suffered a huge shock during the financial downturn of the late 2000's, and while the vast majority of other sectors are on the mend, the retail sector still seems to be having a bit of trouble getting back to where they were before the crash. A large reason for this has to do with Amazon and other online retailers taking up a larger and larger share of the available sales forcing many companies into rethinking their business plan, leading to store closures, downsizing, and even...
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...Individual Essay Bill Gates has been the richest man on the planet for the majority of two decades, and he’s getting wealthier constantly. He was born on October 28, 1995 in Seattle, Washington. He was a very ingenious student. Bill Gates started to demonstrate an enthusiasm for Computer programming at just 13 years old. He persuades his passion towards computer programming with the help from his close friend and business partner Paul Allen. Through attractive innovation, sharp business strategy and aggressive business tactics, he created the biggest software company, Microsoft which worth up to $340.8 billion. He was been criticized for his aggressive business tactics and which have been considered anti-competitive, a supposition which has sometimes been controlled through various court rulings. In the later phases of his career Gates has sought after various humanitarian tries, giving a lot of cash to various charitable organizations and scientific research programs through his foundation, established in 2000. In his early career, he got selected into Harvard University in 1973 to persuade his career as lawyer. Gates didn’t forget to contact with his colleague Paul Allen, who was moved to Boston, Massachusetts, to work for Honeywell and Gates joined Allen at Honeywell. Amid this time, Gates and Allen were fascinated by the article on a popular magazine about their Altair 8800 Mini PC pack. Best friends, were enchanted with the potential results that this PC could make a...
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...COMMERCIAL INVESTMENT PROPERTY: VA L U AT I O N METHODS An Information Paper ACKNOWLEDGEMNTS: The Publisher would like to express its thanks to Estates Gazette, the South Bank University and Jones Lang Wooten for permission to reproduce definitions taken from The Glossary of Property Terms (Estated Gazette, 1989). Please note: References to the masculine include, where appropriate, the feminine. Published by RICS Business Services Limited, a wholly owned subsidiary of The Royal Institution of Chartered Surveyors, under the RICS Books imprint Surveyor Court Westwood Business Park Coventry CV4 8JE UK No responsibility for loss occasioned to any person acting or refraining from action as a result of the material included in this publication can be accepted by the author or publisher. ISBN 0 85406 802 3 © RICS May 1997. Copyright in all or part of this publication rests with the RICS, and save by prior consent of the RICS, no part or parts shall be reproduced by any means electronic, mechanical, photocopying, recording or otherwise, now known or to be devised. Reprinted 2001 Printed by Quorn Litho Contents Information Papers Executive Summary Preface 1 1.1 1.2 1 .3 2 2.1 2.2 2.3 3 3.1 3.2 3.3 3.4 3.5 4 4.1 4.2 4.3 4.4 5 5.1 5.2 6 6.1 6.2 6.3 7 7.1 7.2 7.3 8 8.1 8.2 8.3 4 5 7 Valuation and Calculation of Worth A discussion of the role of the valuer and the distinction between valuation, appraisal...
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...Limitation There have been several limitations we have faced while completing the term paper. At every stage in this study we have been tried to be done with reasonable level of competence in the field of Human Resource Department. Despite of these efforts some internal and external shortcomings have been observed while doing the information collection, field working and editing and analyzing the data obtained from the respondents. The major limitations are as the followings: 1. Most of the respondents are not encourage to our survey, so a big portion of response error has been occurred at the initial stage. 2. No pre-contact with the employees have been ensured prior to the survey, which was necessary. 3. Relevant papers and documents were not available sufficiently because of confidentiality. In many case, up to date information is not available. The lack of knowledge about the sources of secondary data is also a limitation of this study. 4. Information was taken by bank from Dhaka city in one Branch only; it does not represent the rest of the country. 5. Some of the options are not adequately categorized. Where the information about the compensation of the employees as their demographic information has to be given; there could be a customize option for Compensation. This limitation results in a number of response errors. 6. In some cases lack of coordination with the some of the employees has caused turbulence & confusion while...
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...Report on Muslim Commercial Bank Dedicated To My Parents PREFACE It is the requirement of the MBA course Al-Khair University, Multan that all students of MBA have to spent two months in any organization to get practical exposure and to get familiarized with the ways to live in the organizational environment which is dramatically different from the educational environment. That two months period called “Internship Period “, if spent properly and sincerely, enables the students to be more confident, more knowledgeable, more responsible and, above all, more committed to its work in the practical field. I have also been assigned to do internship of six weeks period in MCB Jhang City Branch. It has enabled me to understand the practical scenario and sharpen our decision making power and utilizing the resources in an effective manner, so that our resources generate maximum profit. In preparing this report, I have put all of my best efforts and tried my level best to give maximum knowledge. Despite of my all the coherent efforts, I do believe that there will always be a room for improvement in the efforts of learner like me. Farhan Raza Table of Contents DESCRIPTION PAGE # Executive Summary 05 History of MCB 08 Head Office ...
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...From the rich walnut paneling and carved arches to the molded Italian Renaissance patterns on the ceiling, the circa 1925 council chamber room of Akron's municipal hall evokes a time when the America's manufacturing heartland was at the peak of its power. But when the U.S.-China Economic & Security Review Commission, a congressionally appointed panel, convened there on Sept. 23, it was not to discuss power but decline. One after another, economists, union officials, and small manufacturers took the microphone to describe the devastation Chinese competitors are inflicting on U.S. industries, from kitchenware and car tires to electronic circuit boards. These aren't stories of mundane sunset industries equipped with antiquated technology. David W. Johnson, CEO of 92-year-old Summitville Tiles Inc. in Summitville, Ohio, described how imports forced him to shut a state-of-the-art, $120 million tilemaking plant four football fields long, sending Summitville into Chapter 11 bankruptcy protection. Now, a tenfold surge in high-quality Chinese imports at "below our manufacturing costs" threatens to polish Summitville off. Makers of precision machine tools and plastic molds -- essential supports of America's industrial architecture -- told how their business has shrunk as home-appliance makers have shifted manufacturing from Ohio to China. Despite buying the best computer-controlled gear, Douglas S. Bartlett reported that at his Cary (Ill.)-based Bartlett Manufacturing Co., a maker of...
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...HBR.ORG THE BIG IDEA Profits Without Prosperity Stock buybacks manipulate the market and leave most Americans worse off. by William Lazonick SEPTEMBER 2014 REPRINT R1409B The Big Idea PHOTOGRAPHY: ELISE FOR ARTICLE REPRINTS CALL 800-988-0886 OR 617-783-7500, OR VISIT HBR.ORG STOCK BUYBACKS Five years after the official end of the Great Recession, corporate profits are high, and stock market MANIPULATE THE booming. Yet most Americans the not sharing inis are the MARKET AND LEAVE recovery. While the top 0.1% of income recipients— MOST AMERICANS which include most of the highest-ranking corporate executives—reap almost all the income gains, good WORSE OFF. BY WILLIAM LAZONICK jobs keep disappearing, and new employment opportunities tend to be insecure and underpaid. COPYRIGHT © 2014 HARVARD BUSINESS SCHOOL PUBLISHING CORPORATION. ALL RIGHTS RESERVED. September 2014 Harvard Business Review 3 THE BIG IDEA PROFITS WITHOUT PROSPERITY Corporate profitability is not translating into widespread economic prosperity. The allocation of corporate profits to stock buybacks deserves much of the blame. Consider the 449 companies in the S&P 500 index that were publicly listed from 2003 through 2012. During that period those companies used 54% of their earnings—a total of $2.4 trillion—to buy back their own stock, almost all through purchases on the open market. Dividends absorbed an additional 37% of their earnings. That left very little...
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...Course Schedule Course Modules Review and Practice Exam Preparation Resources Module 1: Conceptual issues in assurance Overview This module builds on the fundamental concepts of auditing and other assurance services introduced in your prerequisite auditing course. It begins with an overview of the key drivers in the demand for audits, and then surveys current challenges and issues such as the audit and regulatory environment and the expectation gap. You will also study issues related to the economics of auditing and their impact on auditor motivation and standard-setting; in the process, you will consider different perspectives on protecting the public interest and the public accountant’s role in helping to advance the profession. The various topics integrate information sources related to research in the field and readings from the Ethics Readings Handbook (ERH) , drawing on concepts from your prerequisite accounting theory course. In AU2 , you will study a wide variety of technical, practical, and theoretical material. This module lays the foundation for exploring some of the more difficult areas of professional judgment you will encounter as you progress through the course. When faced with issues that challenge your professional judgment, you are encouraged to think back to the concepts studied in this module to help frame your decision making. Please be sure that you have purchased the CPA Canada Handbook, CGA Student Edition mentioned in the course introduction...
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...Course Schedule Course Modules Review and Practice Exam Preparation Module 1: Conceptual issues in assurance Overview This module builds on the fundamental concepts of auditing and other assurance services introduced in your prerequisite auditing course. It begins with an overview of the key drivers in the demand for audits, and then surveys current challenges and issues such as the audit and regulatory environment and the expectation gap. You will also study issues related to the economics of auditing and their impact on auditor motivation and standard-setting; in the process, you will consider different perspectives on protecting the public interest and the public accountant’s role in helping to advance the profession. The various topics integrate information sources related to research in the field and readings from the Ethics Readings Handbook (ERH) , drawing on concepts from your prerequisite accounting theory course. In AU2 , you will study a wide variety of technical, practical, and theoretical material. This module lays the foundation for exploring some of the more difficult areas of professional judgment you will encounter as you progress through the course. When faced with issues that challenge your professional judgment, you are encouraged to think back to the concepts studied in this module to help frame your decision making. Please be sure that you have purchased the CPA Canada Handbook, CGA Student Edition mentioned in the course introduction, as it is required...
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...Ernst & Young “Business Leaders of Tomorrow” Case Contest Bigg Glowbell (BG) Case Study Table of Contents Table of Contents ................................................................................................................................................ 1 Assignment Background .................................................................................................................................. 2 Bigg-Glowbell Overview ...................................................................................................................................... 3 The Company History ...................................................................................................................................... 3 Revenue and Profits ........................................................................................................................................ 5 Bigg-Glowbell Global Locations ....................................................................................................................... 6 Bigg-Glowbell Organization, Products and Services ........................................................................................ 7 Ownership ..................................................................................................................................................... 14 Strategic Issues ..............................................................................................................................
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...Table of Contents EXECUTIVE SUMMARY .......................................................................................................................................................... 1 INTRODUCING HEDGE FUNDS ............................................................................................................................................ 2 ORIGINS OF HEDGE FUNDS .................................................................................................................................................. 3 STRUCTURES OF HEDGE FUNDS ........................................................................................................................................ 6 ROLE OF PRIME BROKERS ................................................................................................................................................... 9 FEE STRUCTURES OF HEDGE FUNDS .............................................................................................................................. 11 MAJOR HEDGE FUNDS ......................................................................................................................................................... 13 BALANCE SHEET OF A HEDGE FUND ....................................................................
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