...TASK 1 - ANALYSIS Task 1.1 – Critical Analysis of Leadership approaches of Rick Belkner, Mike Wilson and Jack Greely. The case study presented has given us three different examples of three different type of leadership each person has presented. The analysis of the three different leadership approaches is given in the following table. Leader Analysis of Leadership Approach Mike Wilson Firstly let’s discuss the leadership of Mike Wilson. Mike is described in the case study as a hard working charismatic and inspirational leader, which is a leadership approach used to describe a quality of a leader who inspire his or her work mates, and according to the case study, Mike has the ability to achieve goals and did help transformed his organization. Mike’s leadership approach known as Transformational approach is well described by Wood as a leader who by force of their personal abilities is capable of having a profound effect on his followers (Wood et al 2010). Furthermore Mike’s leadership approach was effective. Even his former boss hired him back because he has high regard of the Management at Consolidated Life Insurance. Mike was well liked by his fellow supervisors and he was one of the pioneers of setting up a Supervisors forum which was formed to identify ways for the company to positively move forward.(Wiesner, R 2011). Mike has a flexible supervisory style that he uses to run his department. He did provide excellent results through implementation of people oriented...
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...Caught between Corporate Cultures” by critically discussing the following organizational behavior issues as they pertain in the case: Task 1.1 Critically analyze the leadership approach (es) which Rick Belkner, Mike Wilson and Jack Greely employed in the case. Task 1.2 Critically analyze the power and politics issues evident from the case. Task 1.3 Critically analyze the components of the conflict management process evident from the case. Task 1.4 Critically analyze the organizational culture issues of Consolidated Life. Task 2 Make recommendations: Draw up a table and summarize what improvements are needed in relation to: 1. Leadership and associated change management strategies. 2. Power and politics 3. Conflict management 4. Organizational culture in Consolidated Life 1 ASSIGNMENT Task 1.1 (538 words) I believe that individuals are groomed through experience and exposure to be leaders. Some leaders can influence and motivate those around them more effectively and easily than others and guide them to be a more coherent and cohesive unit in order to accomplish the objectives and targets. All three main characters in this case, exhibit different management styles and approaches which clearly differentiates them as not only managers but also as individuals with a different approach, conditioning and thought process (Zastrow, 2008). Rick clearly displays all the traits of delegative leadership or a Laissez Fare approach to leadership. It is a leadership style...
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...Research Based Case Study and Report (ACCG224) Cervantes Corporation Ltd. South Perth, WA Clean Seas Tuna Limited South Australia BY: Jiamei Gu Student ID: 42184169 October 2, 2012 Table of Contents EXECUTIVE SUMMARY 3 INTRODUCTION 4 EVALUATION OF THE DISCLOSURES OF SELECTED COMPANIES 5 Disclosures on Intangible Assets 5 Compliance with AASB 138, Paragraphs 118 to 123 and 126 to 128 6 Differences in Disclosures Between the Two Companies 7 RECOMMENDATIONS 9 LIST OF REFERENCES 10 APPENDICES 11 Appendix A – Cervantes Corporation Ltd. – Consolidated Statement of Financial Position 11 Appendix B – Cervantes Corporation Ltd. – Note 1 (i) 11 Appendix C – Cervantes Corporation Ltd. – Note 13 12 Appendix D – Clean Seas Tuna Limited – Consolidated Statement of Financial Position 12 Appendix E – Clean Seas Tuna Limited – Note 1 (e) 13 Appendix F – Clean Seas Tuna Limited – Note 18, part 1 13 Appendix G – Clean Seas Tuna Limited – Note 18, part 2 14 Appendix H – Clean Seas Tuna Limited – Note 18, part 3 15 Appendix I – Clean Seas Tuna Limited – Note 18, part 4 15 EXECUTIVE SUMMARY This research-based case study and report aims to review the disclosure requirements for intangible assets in an attempt to improve the quality of financial reporting. The study was based on the comparison of the disclosures for the intangible assets of two Australian Securities Exchange listed companies from the same industry, using their latest annual reports. The selected companies...
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...the accounting for its long-lived assets. Among the issues being discussed is the company’s discontinuation of depreciation on productive assets that it had used previously, but it was not currently using. The case permits a technical examination of depreciation and impairment accounting issues with consideration of the FASB’s asset/liability measurement approach, fair value accounting, use of the FASB Codification, and comparisons to International Financial Reporting Standards. The case requirements are divided into basic requirements, which would be appropriate for intermediate level students; and advanced requirements, which would be more appropriate for accounting seniors, as well as M.B.A. and fifth-year accounting students. Keywords: accounting for long-lived assets; depreciation; impairment. INTRODUCTION ristin Murphy recently joined the audit team of one of the more interesting clients in her accounting firm’s practice. An important issue has arisen for this client on a topic that she has not encountered in her four years with the firm. Following is some background on the client and the accounting issue under consideration. K BIOSCIENCE COMPANY Bioscience Company, founded in 1985, began when a defense and aerospace contractor assigned a few scientists to study the use of algae in long-term space flight. These scientists came to believe that algae represented a virtually untapped resource that could be used in a variety of applications to greatly benefit human health....
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...GUIDEBOOK FOR FACILITATING SMALL BUSINESS TEAM ARRANGEMENTS SEPTEM BER 2007 DEPARTMENT OF DEFENSE OFFICE OF SMALL BUSINESS PROGRAMS Contents Preface .......................................................................................................... v Chapter 1 Introduction................................................................................... 1 GROWTH OF TEAMING .................................................................................................. 1 GROWTH OF CONTRACT CONSOLIDATION ....................................................................... 1 PURPOSE .................................................................................................................... 2 STRUCTURE OF THIS GUIDEBOOK .................................................................................. 2 Chapter 2 Challenges of Consolidation and Bundling to Small Business............................................................................................... 4 CONSOLIDATION ........................................................................................................... 4 BUNDLING .................................................................................................................... 5 Diversity, Size, and Specialized Nature of the Requirement................................. 6 Aggregate Dollar Value ........................................................................................ 6 Geographical Dispersion of the...
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...unstable income flows. Division A is most concentrated with 40 business units whereas Division D is least concentrated with only 5 business units. All expect units 6 and 7 of Division B vows to have management with the required abilities and skills to organize the business operations effectively. Each business unit maintains all its recording and proceeds of transactions, general ledger and other accounting information at the business unit level. Of the many business units, few are to meet the Statutory Audit requirement by the competent state authority. The management teams meet up periodically to discuss the development and performance of business units and divisions in particular along with regular meetings with management at the consolidated level. All activities and performance indicators are adjusted for changes in the business environment and outlook. Alongside the regular meet-ups, Corporate Management team examines the business operations and financial results primarily through 2 key performance indicators. 1. Revenue of each business unit 2. Earnings before taxes Certain business units encounter several problems which lead to disturbing performance indicators. Division D tends to have the highest per Unit revenue mainly because no as such problem has been identified in the business operation at the Unit level in Division D. Problems such as claims, increased management expenses, major restructuring expense, low margins, poor...
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...Case Study 1: Ethics and Local Governance Introduction to Information Technology July , 2013 In 2007 a Transformational Government mandate focused on customer budget reductions of 3 percent year to year increasing the emphasis on regionally shared services for the London Borough of Brent. The area is approximately 270,000 citizens with the London Borough of Brent information scattered across numerous departments without the ability to share any of the information across the enterprise. The decision to create a master client index that will clean up duplicate and fragmented data files, improve operational efficiencies, there are over 1.5 million records of the 2700,000 citizens that will be matched and linked from several different databases, providing a real time view of each customer’s data, this process will be very beneficial and achieve optimal operational efficiency. The two potential ethics issues associated with the consolidation of citizen records in the London Borough of Bren. First the privacy of the information of the citizens within those records may contain intimate details about their lives that should be kept private would probably be my biggest ethics issues concern. Some people enjoy their privacy and don’t want their information readily available for people to see without their consent. Some of information of the citizens records listed within the database could be very sensitive and personal information about someone’s disabilities, medical records, mental...
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...spi94029_apps.qxd 9/28/05 1:10 PM Page 1148 Rev.Conf Confirming Pages APPENDIX B FedEx Financial Statements FEDEX CORPORATION CONSOLIDATED STATEMENTS OF INCOME (In millions, except per share amounts) 2004 Years ended May 31, 2003 2002 REVENUES Operating Expenses: Salaries and employee benefits Purchased transportation Rentals and landing fees Depreciation and amortization Fuel Maintenance and repairs Business realignment costs Airline stabilization compensation Other $24,710 10,728 2,407 1,918 1,375 1,481 1,523 435 – 3,403 23,270 1,440 (136) 20 (5) (121) 1,319 481 838 – $ 838 $ 2.80 – $ 2.80 $ 2.76 – $ 2.76 $ 22,487 9,778 2,155 1,803 1,351 1,349 1,398 – – 3,182 21,016 1,471 (124) 6 (15) (133) 1,338 508 830 – $ 830 $ 2.79 – $ 2.79 $ 2.74 – $ 2.74 $ 20,607 9,099 1,825 1,780 1,364 1,100 1,240 – (119) 2,997 19,286 1,321 (144) 5 (22) (161) 1,160 435 725 (15) $ 710 2.43 (0.05) $ 2.38 2.39 (0.05) $ 2.34 $ $ OPERATING INCOME Other Income (Expense): Interest expense Interest income Other, net Income Before Income Taxes Provision for Income Taxes Income Before Cumulative Effect of Change in Accounting Principle Cumulative Effect of Change in Accounting for Goodwill, Net of Tax Benefit of $10 NET INCOME BASIC EARNINGS PER COMMON SHARE: Income before cumulative effect of change in accounting principle Cumulative effect of change in accounting for goodwill Basic Earnings Per Common Share DILUTED EARNINGS PER COMMON SHARE: Income before cumulative effect...
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...Comprehensive Case United States Surgical Corporation 1 Running head: COMPREHENSIVE CASE U.S. SURGICAL CORPORATION Comprehensive Case United States Surgical Corporation Scott P. McHone Liberty University Comprehensive Case United States Surgical Corporation 2 Abstract During the past thirty years we have seen an increase in the number of companies that have committed some form of financial shenanigans. Some of these companies have manipulated Generally Accepted Accounting Principles to present themselves as financially sound. Others have committed fraud to achieve the same objective. With this type of corporate behavior there is an increasing need for better auditing and more reliable audited financial statements. The purpose of this paper is to read and study a comprehensive case as presented in the textbook Contemporary Auditing: Real Issues and Cases and answer the questions as listed at the end of the case study. I decided to select case 1.10 United States Surgical Corporation. Comprehensive Case United States Surgical Corporation 3 Comprehensive Case United States Surgical Corporation To fully appreciate this paper it is recommended that the case study along with the associated questions be read prior to reading this paper. Question one from the case study focuses on what audit procedures should have been performed by the auditing firm for the 1981 audit period that would help increase the possibility of detecting the overstatement of the leased and loaned assets due...
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...originates from the Greek word (demokratia) which simply means “rule of the people” and it was coined from (demos) “people” and (kratos) “power” or “rule” in the 5th century B.C. It is important to note that the political system postulated by the Athenians was such that democratic citizenship was exclusive to an elite class of free men only. Slaves and women were excluded from participation. Furthermore, in a lecture titled “What is Democracy”? Diamond (2004) gave an overview of what in his opinion is democracy. He describes democracy as a system of government with four key elements: a system for choosing and replacing the government through free and fair elections; active participation of the people, as citizens, in politics and civic life; protection of the human rights of all citizens; and a rule of law in which the laws and procedures apply equally to all citizens. Popper as cited in Javie (2006) defines democracy in contrast to dictatorship or tyranny. He places emphasis on the availability of opportunities for the people to control their leaders and to them without recourse to a revolution. Popper’s view must have hinged on the fact that there are many variants of democracy today. The most dominant variable is what he terms the...
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...reputation for producing mid-priced, basic ice cream sold mainly in grocery stores. In the four years prior to the Case Study, the Ice Cream Division had experienced some rather drastic changes. Charles Moore, who was the grandson of the founder, took over as new President and General Manager. As well, three of the seven members of the top management team had recently departed and, in a drastic change for production personnel, the oldest plant was closed and production was consolidated into two newer plants. Roots of the Problem Each of these changes seems to have placed some stress on the system and climate of the company and, at the time of the Case Study, the company’s previous level of profitability and market performance had not yet returned. Exhibit 3 showed, graphically, that the bottom line (operating profit) was dropping more steeply than the top line (sales revenue). They appeared to be becoming less efficient as well as less effective. These recent changes the company had been experiencing, especially the recent management team and leadership turnover, were root causes of many of the company’s problems that were outlined in the case study. The team appeared to have not quite reached a point of comfort, trust and effective teamwork with each other and, although the recent loss of a large grocery store account was presented as the main problem in the Case Study, the loss of the account was a symptom and not the cause of the problem, the management team’s response, lack...
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... Executive Summary………………………………………………………………….3 Financial Statement Overview……………………………………………………….4 Purpose of Study……………………………………………………………………..6 Limitations of Study………………………………………………………………….6 Definition of Term/Formulas…………………………………………………………6 Management Discussion and Analysis………………………….…………………….6 Notes to Consolidated Financial Statements…….…………..……………………….11 Exploration of Balance Sheet…………….……….………………………………….15 Exploration of Income Statement………….………..……………….……………….20 Summary and Conclusions…………………..……………………………………….21 References……………………………………………………………………….…...22 Executive Summary The Brick Group Income Fund is an unincorporated, open-ended, limited purpose trust established under the laws of the Province of Alberta. The Brick Group Income Fund was created to invest in the retail furniture, mattress, appliance, and electronics industry initially through the indirect acquisition of the limited partnership units of The Brick Warehouse LP. The Brick LP owns among other things, 100% of the outstanding limited partnership units of United Furniture Warehouse LP and First Oceans Trading Corporation. United Furniture owns Trans Global Warranty Corp. and its subsidiaries Trans Global Insurance Company and Trans Global Life Insurance Company. The Brick Group Income Fund and all of its subsidiaries and partnerships will collectively be referred to...
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...Table of content 1. Part A ………………………………………………………………………………….……P.4-5 2. Part B...........................................................................................P.6-14 3. Part C………………………………………………………………………………………….P.15 4. Reference list………………………………………………………………………………P.16 5. Part A Overview of the contents of the Framework The starting point of the Framework is to address the fundamental question of why financial statements are actually prepared. The basic answer to that is they are prepared to provide financial information about the reporting entity that is useful to existing and potential investors, lenders, and other creditors in making decisions about providing resources to the entity. In turn this means the Framework has to consider what is meant by useful information. In essence for information to be useful it must be considered both relevant, ie capable of making a difference in the decisions made by users and be faithful in its presentation, ie be complete, neutral and free from error. The usefulness of information is enhanced if it is also comparable, verifiable, timely, and understandable. The Framework identifies three elements relating to the statement of financial position, being assets, liabilities and equity, and two relating to the income statement, being income and expenses. The definitions and recognition criteria of these elements are very important and these are considered in detail below. An asset is defined as a resource...
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...Apollo Hospitals announces Q4 and FY13 results Sustains growth momentum FY13 Consolidated Revenues up 19.7% at Rs. 37,687 million Consolidated PAT up 38.7% at Rs. 3,044 million Stand Alone Pharmacies Turnover exceed Rs 1,000 Crores Board declares 110% dividend Commissioned 200 beds multi specialty hospital in Chennai & 140 beds Ortho & Spine Specialty hospital in Bangalore in Q4 Set to commission 1,000 beds across seven locations in FY14 Our commitment to advanced patient care has helped us put in place the world’s busiest solid organ transplant program. Completed 500 Bone marrow transplants with outstanding outcomes India, May 20, 2013: Apollo Hospitals Enterprise Ltd (AHEL), (BSE: 508869, NSE: INE437A01024), the Healthcare Pioneer and leading provider of quality clinical care today reported its consolidated financial results according to Indian GAAP for the quarter and financial year ending March 31, 2013. On the annual performance front Apollo Hospitals Enterprise Ltd (AHEL) recorded an increase in consolidated revenues by 19.7% at Rs. 37,687 million compared to Rs. 31,475 million in FY12. Profit after Tax (PAT) was recorded at Rs. 3,044 million in FY13 vs. Rs. 2,194 million in FY12. The fourth quarter financials of Apollo Hospitals Enterprise Ltd (AHEL) recorded improved performance over the fourth quarter of previous year. Consolidated Revenues recorded a 12.9% growth at Rs. 9,445 million compared to Rs. 8,365 million in Q4FY12. Profit after Tax (PAT) was recorded...
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...Conflict is a must for every human regardless of time and place. It is a fundamental part of human existence, leading back to the earliest forms of conflict where our human ancestors competed with other species for survival tools such as food and shelter. Today, conflict has developed into numerous forms – from merely debating what to have for lunch to global issues such as climate change. Without conflict, our experiences in life would undoubtedly be less dynamic and vibrant. Conflict is an essential factor to shaping our identity. Our relationship with conflict defines who we are because we learn to formulate our own opinions and values. Conflict is a natural element in the world and although we may not notice each and every single time it presents itself, conflict is a part of our everyday lives. conflict occurs because we have have different believes, morals, values, culture, religion, unmatched expectations, fear and exposure to unknown or unfamiliar. And everyone encounters a range of conflict during their life. It is inevitable. There are different kind of conflict experience from each and everyone of us-either from involvement to conflict or how they respond or settle conflict. The conflict that i encountered was that of News and Personal experience The conflict that i encountered was a kind of news and personal experience conflict which i think is rare to other people of the world. It started some years back (precisely 2009). And as a result serves as an "selfish...
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