...Learning Team Questions Learning Team E ACC542 Learning Team Questions 1. Listed below are 12 internal control procedures or requirements for the expenditure cycle (purchasing, payroll, accounts payable, and cash disbursements) of a manufacturing enterprise. For each of the following, identify the error or misstatement that would be prevented or detected by its use. * Duties segregated between the cash payments and cash receipts functions. Preventative – segregation of duties ensure person receipting in money is not the one making payments. This prevents the business from unauthorized entry of invoices and payments, and prevent unauthorized purchases. * Signature plates kept under lock and key. Preventative - This type of control may prevent the fraud or error due to wrong authentication or forgery. Employees can misuse this to their benefit. * The accounting department matches invoices to receiving reports or special authorizations before payment. Detective – This is to ensure that the vendor is charging for the correct items at the agreed upon price as well ensuring that what was ordered is what is received prior to payment. * All checks mailed by someone other than the person preparing the payment voucher. Detective - Deters the unauthorized use of cash because of the element of fear of being caught. * The accounting department matches invoices to copies of purchase orders. Detective - to match the purchase order to the invoice and ensure...
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...Course Syllabus ACC561 Introduction to Management Accounting Please print a copy of this syllabus for handy reference. Whenever there is a question about what assignments are due, please remember this syllabus is considered the ruling document. Copyright Copyright ©2009 by University of Phoenix. All rights reserved. University of Phoenix© is a registered trademark of Apollo Group, Inc. in the United States and/or other countries. Microsoft©, Windows©, and Windows NT© are registered trademarks of Microsoft Corporation in the United States and/or other countries. All other company and product names are trademarks or registered trademarks of their respective companies. Use of these marks is not intended to imply endorsement, sponsorship, or affiliation. Edited in accordance with University of Phoenix© editorial standards and practices. Facilitator Information Chuck Royes croyes@email.phoenix.edu (University of Phoenix) chuck.royes@yahoo.com (Personal) 817-307-4990 (CST) Facilitator Availability Typically, I am available from 7:00 pm Central Time until 11:00 pm Central Time on most weekdays. During the weekend, I am available throughout the day and evening, usually checking emails on a regular basis. If these times are not convenient for you, please let me know. I will be happy to accommodate your schedule to the extent reasonably possible. Should you have the need to contact me outside of these times, please do not hesitate to do so. For emergencies...
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...(HRM 501) course of BRAC Business School. My respected faculty Mr. KMK assigned me to solve some questions related to the case named “Starbucks Corporation: Case Study in Motivation”. I am thankful to my faculty as solving this case helped me to get knowledge about motivation and teamwork. Data Sources: Two types of data are used to prepare the report, which are primary and secondary data. Primary Sources: • Case: “Starbucks Corporation: Case Study in Motivation” http://www.freeonlineresearchpapers.com/starbucks-case-study Secondary Sources: • Lecture notes on Motivation by Mr. Kazi Monirul Kabir • Published Documents related to Motivation Question-1: Starbucks’ employees can be seen as a formal team as opposed to an informal team. Differentiate between ‘formal’ and ‘informal’ teams. Answer: There are two types of teams: formal and informal teams. Starbucks’ employees can be seen as a formal team as they have managers and employees; a set of challenging plus specific goal like public welfare as well as it allows all employees to decide the direction. Differentiation between ‘formal’ and ‘informal’ teams: Formal Team Informal Team 1) A formal team is a group that has been created by the management of a company specifically to perform specific tasks and help meet organizational goals. The most common type of formal group is the command team, which...
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...& David Fletcher Question#1: David Fletcher has clearly made some mistakes in assembling & managing his initial “team” of analyst (i.e. Stephanie and Brian). Based on what you know from the course material, what would you consider to his most egregious mistakes – and why? “David Fletcher” missed the fundamental elements to factors in building a team. -Missing Focus on fact: What the purpose of team? What his newly form team is meant to do for him? Initially I thought the reason he needs team so that someone can assist him processing the raw data and present him with accurate, time sensitive information in most optimized format. As he started building his team his started working toward diversification of the portfolio. -Failed to create “Common Goal”: He failed to define the common goal for the team. -Missed to work on “Emotional Intelligence” He failed miserably in building the (1) Team Trust (2) Team Identity and (3) Team Efficacy. Missing of these elements have contributed to conflict and misunderstanding. -Balance of power structure He was trying to implement a flat /matrix structure within his team. Like every team even his team has strength and weakness as well. Due to missed action of “directive” followed with inadequate “participation and pace setting” has lead to losing the scope of “coaching of correction”. -Lastly he (David Fletcher) believed “Success breed Success”. In a team environment- it’s not true. Question#2: What lessons might...
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...Answer Essay Questions – 40% of test Use the space below to answer the questions and use the back of the paper as needed. Answers should be concise, utilize proper spelling and grammar, and directly address the question. A) (25%) In the case study "The Team that Wasn't" (copy attached) Randy (the Sales Manager) was proving to be a difficult team member. Using the Group Performance Model elements included in Organizational Context, Group Structure and Group Process terms, identify: a) 3 components of the model that were not being successful with Randy and explain your reason (rationale) and b) identify what the team leader could do about it (suggested solution) and your rationale. The Group Performance Model is also attached for your reference. 1) Problem and Rationale: Lack of Leadership by Eric of Randy – Randy has taken advantage of Eric’s poor leadership by inserting himself in as the informal leader and through his disruptive behaviors and actions .Eric has not shown to be a good team leader – he has not led the establishment of objectives, norms, or decision making processes. More importantly he has not stepped in to resolve conflicts as they occur, instead allowing them to fester and build. Eric is the formal leader, he was named as the team leader, and so has the responsibility to manage the group and its dynamics. Suggested Solution and Rationale: Eric, the team leader, needs to become a leader – he needs to go back and re-look at group dynamics and team performance...
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...excellence for the mind and body. The Rec is now preparing for the 10th Annual Campus Spring Games by enlisting volunteers and accepting team registrations. Any Hayward student can organize a co-ed team with at least two males and two females. Faculty and staff can join a team. The team can participate in traditional or original events. In previous years, events have ranged from beach volleyball and disc golf to dodge ball, chess, and trivia competitions. Attached is a brochure you can share with Benton Hall residents who are interested in the Games. Please feel free to contact me if you would like to volunteer or participate. You can stop by the Rec to pick up a registration form or find answers to your questions. Thank you, C ampus Spring Games Sponsor: Student Activities & Recreation Room: 112 at the Rec Contact Information: rec@hayward.cengage.edu What Are the Campus Spring Games? The Campus Spring Games are campus-wide competitions that celebrate the spirit of the Olympics. Students compete in traditional events and those of their own design. Do you love croquet, log rolling, or skateboarding? Organize a co-ed team and compete to win a coveted bronze, silver, or gold medal. Events from Previous Years The Campus Spring Games have quickly become a fun and highly anticipated tradition at Hayward College. Need some inspiration for your team? Following are a few events organized in previous years: Dodge ball tournament Beach volleyball Ultimate Frisbee Disc golf ...
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...Question 1 : (Case study) a) Assist Bryce to identify and establish 'team purpose' for above project. The reason behind any successful achievement of any organisation is highly depending on its employees. It is rational to point out that there is a major impact on their independent performance towards the organisation but more than that it is essential to pursue how this people work together. In order to make them work more effectively and efficiency group needs to identify and establish a clear purpose. As an example if a group of individuals want to play a sport, they should agree on their objective. Whether it is to get a ball into a net or over a bar. Observably group members should perform with the understanding of what they are trying to do. Developing specific time bound goals is a proper way of doing this. By doing so it will ensure that the members are focusing on key terms and it would set up a direction for the team as well to identify the difficulties that they face and remedies to be undertaken. Finishing point of these goals successfully would ensure that the purpose have been met. As to here Bryce could come up with a purpose such as “To improve office layout”. b) Suggest to Bryce on how he can allocate roles and responsibilities among the committee members in order to achieve team outcomes. The chain of commands are very essential for a team. The distribution of the team resources should be carried down in alliance with the planned goals...
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...Today, more than ever, organizations are built around people working collaboratively with one another in teams. The continued impetus is for the establishment of synergies between team members that can accomplish tasks that are in keeping with an organization’s strategic initiatives and vision. How are talented people working in groups (some, for the very first time with a new group of people) formed into high-performance teams? Along with this question is the issue of the ad-hoc work groups that are placed together to accomplish very specific tasks in a short amount of time. Additionally, there are the required departmental level meetings that are called on some regular basis, either weekly, every two-weeks, or monthly. The expectation is that such meetings are necessary and therefore required. And yet, some people consider such teams to be a waste of time, money, and resources. The Mining Group Gold process is a team process and meeting management process whose sole purpose is to leverage the combined wisdom, experience, and ideas of everyone on the team in order to cash in on this wisdom to improve the overall meeting process and to improve the decisions of the organizational unit. Kayser (1995) developed and perfected a method for teams or groups of individuals to maximize and capitalize on their collective effort in a decision meeting venue. Kayser’s steps to Mining Group Gold are to (a) establish a purpose for the meeting; (b) set the outcomes that the group wishes...
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...Case Study Essay: Big Energy Sally Johnson is a member of the management team of XYZ Energy, a major government-owned energy company. Following a high-profile corporate sales process, XYZ Energy was bought by one of its private-sector competitors, Big Energy, for a record price. XYZ Energy was successful company that had established strong, efficient and robust processes and systems to manage its business and risks. It had also innovated new processes in areas, which gave it significant competitive advantage. The company had a loyal staff with relatively low turnover. The XYZ Energy management team was well respected by employees. A large majority of staff worked hard throughout the lead up to the sale to support the process and support each other. Although morale was not high, it was better than had initially been envisaged when the sales process was announced, the staff were extremely proud of the value they had built up for the company, and it was felt that Big Energy must see significant value in the existing processes and systems of XYZ Energy, as well as in their customer base. The core business structure of both companies was similar, not surprisingly given they both operated in the same energy retailing market. For example, both companies had marketing, commercial, operational and trading department, and each one of these areas was represented on the companies’ management teams. XYZ Energy also had a strategy department, which Sally Johnson managed. At the...
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...that is brother Daniel was involved with and the inmpact it had on the family. Throughtout this time he is also trying to find himself after the event change his life. In this time he questions what is really inportant to him. His realtionship with is new football tean in Coghill is highly significant. In his role as halfback for his football team, he takes on the role of trainning and guiding the team. This involvement with football become an important symbol of growing up. He starts to appreciate and enjoy the game and comes to realise winning isn;t everything. But in the book it take a while for the characters to venture into the world. n the story of Tom Brennan many individulas venture into new experiences but coming across new experices you may have to encounter obstacles. In the end its all worth it because you may also gain significant rewards. New phases and experiences in life are exciting for all individuals. in the story of tom brennan, this idea of new phases is common throughout the book. Tom's adolescence is a time of great accomplishment and pain, as he is horrifyed by the accident that is brother Daniel was involved with and the inmpact it had on the family. Throughtout this time he is also trying to find himself after the event change his life. In this time he questions what is really inportant to him. His realtionship with is new football tean in Coghill is highly significant....
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...The Lumen and Absorb Teams at Crutchfield Chemical Engineering Case Introduction: We would like to give a brief outline of the Crutchfield chemical engineering company (CCE). This company is a U.S subsidiary of PPQ worldwide industries it was acquired in 1996 by them. It’s main line of business is speciality chemical lines and has been replacing this with engineered lines for a variety of products. CCE was in the last stage of a companywide downsizing that had resulted in an 18% reduction in work force over the past six months. In CCE there is a department called Corporate Technology Development (CTE) division. The mission of the CTE is to develop new technologies and products that could yield significant new revenue in new markets over the next five years. This CTE division consists of three departments, with one of the departments being the Polymer’s department which was under Paul Burke, who was the director of this department. This Polymer’s division was sub-divided into five project teams each with their own specific mission, team leaders and members. (They were all research and development teams.) An HR annual study of the skill sets, performance, work environment and motivation of each of Paul Burke’s research and development teams was done. The study contained good and bad news. The good news being that even though CCE had downsized the work force Paul Burke had still nearly managed to keep all the top and qualified performers in his department. The bad...
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...single aspiring entrepreneur, or small team, doing the investigation and due diligence for their business idea. This stage can be as short as a few months or can last years. Research indicates that if an idea is not turned into a going concern within 18 months, the chances of a start-up fall dramatically. Start-up stage – This stage usually covers the first two or three years and is the riskiest stage. It requires the drive of a lead entrepreneur. The level of sales reached varies widely but typically ranges between $2 million and $20 million. High-growth stage – This stage is characterized by a continually increasing rate of growth or the slope of the revenue curve. It is in this stage that new ventures tend to exhibit a failure rate exceeding 60 percent. Maturity stage – This is where the company is no longer fighting for survival, but rather remains at a steady level of profitable growth. Stability stage – This is the last stage. 2. Describe what is meant by “team” philosophy and attitudes. Why are these important? A team’s priority is to work together to succeed. Managers are more concerned with overseeing tasks, goals, and roles rather than the current status of the organizational chart of the office. Teams should start with a philosophy and a set of values. The key to team building is core philosophies, values, and attitudes mostly to share the wealth and ownership with those who create it. A strong team is usually the difference between a great...
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...The sweet delight coffee house is a new venture an expected to open the business in March 10, 2014 in Muskegon, MI. The business going to be located outside of Muskegon, MI. This is upscale town. We will specialized in coffee, tea, soda, juice, ice coffee, cappuccinos, brownies, cookies, bagels, muffins, and pizza too. There is no other shop that sells pizza in this town. Our target audience is families, college students, middle and high school students and all ages. The sweet delight coffee house will serve this area well and become well known for years to come. The sweet delight coffee house will become the most amazing coffee house in the area. Our company will serve a sweet delight product at veryn reasonable price. Our company will be a meeting place for everyone to show off their talents and work that they might have. We will create an atmosphere for everyone to express and promote a creative way. The primary goals over the next three years are as follow: 1. Secure financing for start-up cost of $100,000 for space and equipment 2. Acquire equipment necessary for business such as coffee pots, cappuccino machines, blenders, and so on. 3. Make agreement with coffee distributors and bakery vendors 4. Create a cozy, friendly environment (choice of colors, choice of music, and décor). 5. Open for business and become the foremost coffee house in the area. STATEMENT OF PARTICIPATION This is to verify that Natalie Lange Richard Levine Kyle Lighter Silvia Moran ...
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...respond emotionally to different leadership styles. When you are aware of how individuals respond you can take actions that will encourage them to achieve their goal. Society often measures leadership with the results it produces. I also believe that how the results were achieved, how the team developed, and what they learned are also measurements of leadership. In order to be a great leader, it is important to be successful in results as well as building a strong team that can sustain the successes achieved. I have never held a supervisory position. Does that mean I have never been a leader? I like to think of myself as an indirect leader. At this point in my career, I might not make a good manager. I lack the experience and the knowledge to manage a business. With that said, I still believe that I can be a leader and with time and through practicing leadership, I will be prepared to manage effectively when I reach that point in my career. The first time I realized I was a leader in my current job is when my coworker started coming to me with questions. Mostly small things like how to add a generic mailbox in Microsoft Outlook, but as we developed a relationship the complexity of the questions we worked on increased. Additionally, we started having lunch every other week to talk about what we were working on and be an encourager to each other that we don't always get...
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...fairly new group working from the ground up we should all not bring stresses from our daily lives into this group. By having a warm and positive environment the team will work smoother and get better results in the end. I am looking to build a team where teachers along with paraprofessionals have these attributes and can provide an effective and valuable support group. It is important to choose team members that will work together effectively but since this topic is very sensitive to many we must also choose trustworthy teachers. The article, “Let Us Not Forget to Support LGBT Youth in...
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