...METHODS Presentation of the course Introductory course 4 “intensive” days Theory, terminology, practical examples Suggested readings: Elliott, Barry; Elliott, Jamie: "Financial Accounting and Reporting", Prentice Hall 2012, 15th edition. Horngren, Bhimani, Datar and Foster: "Management and Cost Accounting." Prentice Hall, 2007, 4th edition. Info What to expect from this course: An introduction to the discipline to prepare you for the proceedings of your Master To learn the “language” of the Business An overview of the topics in FA, MA and FSA “Course Limitations” Key questions What is the role of accounting? Accounting provides information. It measures business transactions and operations, “translating” them into numbers, in order to provide information. Why do we need to study accounting? Who are the user of this information? Why do we study accounting? To understand the world of business (and its language) To make better investment choices (resource allocation) To become advanced users To become advanced preparers … The “users” of accounting information Primarily “external” oriented Financial Accounting Managerial Accounting Primarily “internal” oriented Tax Accounting Primarily “external” oriented Financial Accounting and Reporting Generally Accepted Accounting Principles (GAAP), International Accounting Standards (IAS), International Financial Reporting Standards (IFRS) Financial...
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...study in IPCC are – Group I Paper 1: Accounting (100 marks) Paper 2: Law, Ethics and Communication Part I: Law (60 marks) Business Laws (30 marks) Company Law (30 marks) Part II: Business Ethics (20 marks) Part III: Business Communication (20 marks) Paper 3: Cost Accounting and Financial Management Part I: Cost Accounting (50 marks) Part II: Financial Management (50 marks) Paper 4: Taxation Part I: Income-tax (50 marks) Part II: Service Tax (25 marks) and VAT (25 marks) Group II Paper 5: Advanced Accounting (100 marks) Paper 6: Auditing and Assurance (100 marks) Paper 7: Information Technology and Strategic Management Section A: Information Technology (50 marks) Section B: Strategic Management (50 marks) The level of knowledge expected of students in the above subjects is ‘working knowledge’. INTEGRATED PROFESSIONAL COMPETENCE COURSE (IPCC) Syllabus GROUP I OF IPCC/ ACCOUNTING TECHNICIAN COURSE (ATC) Paper 1: Accounting (One paper – three hours – 100 marks) Level of Knowledge: Working Knowledge Objectives: (a) (b) (c) (d) To lay a foundation for the preparation and presentation of financial statements; To gain working knowledge of the principles and procedures of accounting and their application to different practical situations; To gain the ability to solve simple problems and cases relating to sole proprietorship, partnership and companies; and To familiarize students with the fundamentals of computerized system of accounting. Contents 1. 2. A General Knowledge of the framing...
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...1. How are Mortensen’s estimates of Midland’s costs of capital used? How, if at all, should these anticipated uses affect the calculations? The cost of capital is the minimum acceptable rate of return for new investments in the corporation. Estimates of Midland’s cost of capital are used in many analysis within Midland, including asset appraisal for both capital budgeting and financial accounting, performance assessments, M&A proposals, and stock repurchase decisions. These estimates are used at the divison or the business unit level and also on the corporate level. When asses the cost of capital on different levels of business, managers must invest in new ventures that have an expected rate of return higher than the cost of capital. Different investments on different levels of business have different levels of risk, therefore, the cost of capital has to be a pertinent return for that particular division. 2. Calculate Midland’s corporate WACC. Be prepared to defend your specific assumptions about the various inputs to the calculations. Is Midland’s choice of EMRP appropriate? If not, what recommendations would you make and why? The appropriate EMRP to use in the 2007 WACC calculation is 6.0% as listed in Table 2. Team 1 compared this rate to real-world data using the average annual total return on common stocks from Yahoo! Finance and the risk free rate from Exhibit 1. EMRP= rm-rf EMRP=10.3%-4.85%= 5.45% 6.0% is reasonable for the Market Risk Premium in...
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...Brandan L. Holder | Date Completed 5-24-2014 | Prerequisite: You must have Units 1–6 completed before composing this assignment, which utilizes the practiced research and writing processes. Purpose and Overview The purpose of this assignment is to help you prepare for successful, enjoyable participation in a positive team experience for Units 8–10. In this assignment, you will research and compose descriptions of a fictitious anonymous company's IT Systems functional area and four main IT departments to demonstrate the organization’s support and interrelationships between the departments. Further, you will explore organization’s code of ethics and executive summaries of reports to understand what they are and how to compose them. Your main task is to develop a broad overview of the mission and purpose of each IT department to be prepared to participate in the team activity for Unit 8. Note that your assigned role for the team is not needed or related to this assignment. As you complete this assignment on this template, refer to information provided in the Unit 7 studies. Specifically, utilize these provided resources and perform research to satisfactorily complete this assignment. Teamwork Activity Challenge. “Organizational Structures” reading. “Functional Areas Managers” reading. * IMPORTANT: This assignment is due Sunday of week 7. Learners completing it on time will be performing Unit 8 as part of a team. Learners without a successful, timely assignment cannot...
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...Asian Social Science; Vol. 9, No. 11; 2013 ISSN 1911-2017 E-ISSN 1911-2025 Published by Canadian Center of Science and Education Elements of Compliance Costs: Lesson from Malaysian Companies towards Goods and Services Tax (GST) Mohd Rizal Palil1, Rosiati Ramli1, Ahmad Fariq Mustapha1 & Norul Syuhada Abu Hassan1 1 School of Accounting, University Kebangsaan Malaysia, Malaysia Correspondence: Mohd Rizal Palil, School of Accounting, Faculty of Economics and Management, University Kebangsaan Malaysia, 43600 Bangi, Selangor, Malaysia. E-mail: mr_palil@ukm.my Received: May 6, 2013 Accepted: June 20, 2013 Online Published: August 30, 2013 doi:10.5539/ass.v9n11p135 Abstract URL: http://dx.doi.org/10.5539/ass.v9n11p135 Various parties including academics, professionals and the society (the potential GST payers) are arguing about the introduction of GST in Malaysia. Goods and Services Tax (GST) or Value Added Tax (VAT) is a consumption tax imposed on the sale of goods and services. The Malaysian government introduce this potential tax mechanism, in order to increase the existing tax bracket and replacing the long-implemented service and sales taxes. With the introduction of GST, the Malaysian government felt it would provide them with the prospect to reduce the rates of individual and corporate income tax. However, do all companies particularly small and medium enterprises (Companies) ready to adopt the systems efficiently? If they could adopt the system, how much their...
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...Asian Social Science; Vol. 10, No. 16; 2014 ISSN 1911-2017 E-ISSN 1911-2025 Published by Canadian Center of Science and Education Green Barriers and China’s Agricultural Product Export: Is There Any Relationship? Mudiarasan Kuppusamy1 & Behrooz Gharleghi1,2 1 Faculty of Business and Management, Asia Pacific University of Technology and Innovation, Kuala Lumpur, Malaysia 2 Centre for the Study of the Economics of Ageing (CSEA), Asia Pacific University of Technology and Innovation, Kuala Lumpur, Malaysia Correspondence: Behrooz Gharleghi, Faculty of Business and Management, Asia Pacific University of Technology and Innovation, TPM, 57000, Bukit Jail, Kuala Lumpur, Malaysia. Tel: 60-19-615-3515. E-mail: behrooz@apu.edu.my Received: April 4, 2014 Accepted: May 30, 2014 doi:10.5539/ass.v10n16p34 Online Published: July 24, 2014 URL: http://dx.doi.org/10.5539/ass.v10n16p34 Abstract As an agricultural country, the export of China's agricultural products are often suffered the restrictions from the green barriers. The positive green barriers can regulate the agricultural production in China, and promote the agricultural development and international trade; on the other hand, the negative green barriers would increase the cost of trade, trade friction, and prevent the development of international trade. So the research of influence of green barriers on China’s agricultural products is very realistic. According to the influence of green barriers...
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...Unit 6: Diversity and Affirmative Action Lecture Reading: (1) “Diversity,” by George Sher; “A defense of Diversity Affirmative Action,” by James Sterba; Barbara Grutter, Petition, v. Lee Bollinger, et al. (including dissent and amici briefs)(U.S. Supreme Court); Local 28 Sheet Metal Workers’ Intl. Ass. V. EEOC (U.S. Supreme Court); Unit # 6 Lecture. Case #2 Mr. Sing’s idea of hiring only Asian people for the waiting positions made sense. The whole idea around the authenticity of the Chinese restaurant was the environment. People go to eat Chinese food at a Chinese restaurant want to bona fide Chinese experience. This reminds me of the Hooters case that was all over the news several years ago. A man applied for the food serving job in Texas and was turned away for obvious reasons. I believe he ended up settling. The judge should have thrown out that case to begin with. Let me expand on this a little. I was in India a couple of years ago on a business trip. During that trip, I became very close to a few customers. One evening during dinner and some drinks, someone mentioned something about “female” belly dancers in India and that I should check them out. I was not sure what to think at that moment, but reluctantly said, “Sure, we should go some time before I go home.” About two days before the planned excursion, I read an article in the newspaper that some 20% of the belly dancers were actually male dancers, and not women. I immediately went to the customers and...
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...Accounting Standards & & Regulation – 22420 – A Autumn 2013 3 ASR A gnmen Part 2 A Assig nt – P 2 Contents: ge: General Notes for P Part 2; next p page: this pag General No otes for Part 2 of the Assignment 1) Rec commended Start: you m may start this s part of the assignment at any time. 2) Sub bmission Dea adline: 20th M May, 2013 (5 pm) through h turnitin in U UTSOnline (A Assignments) 3) Hea ading require (in bold): Name – St ed tudent ID – Tutorial Num T mber – Tuto orial Time. (T heading This g must be a part o of the docum ment header r. If using Wo ord 2007+, press VH H to access t the header. ename requir red: When yo ou submit yo our filename e, please nam me the file as s follows: 4) File Txx x_ISurname_ _SID_ASRess say2.docx; w where xx is yo our tutorial n number (for Ku‐ring‐gai p people, put K1), I is your initial, Surnam me is your sur rname, and S SID is your 8‐ ‐digit studen nt ID. Quite a a few people ve the same i initial/surname combina ations, so this s is importan nt. I am askin ng you for the format so hav that t I can sort the essays qu uickly for ma rking. The ex xtension (“.d docx”) would d be different t depending on t the word pro ocessor you use. So Robe ert’s essay w would be calle ed T00 0_RCzernkow wski_999999 999_ASRessa ay2.docx 5) Acc cording to tu urnitin’s web bsite, the sof ftware ensures original work by che ecking submitted papers s aga ainst 17+ bil llion web pa ages, 200+ million stud...
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...One More Time– How Do You Motivate Employees? Bill Hackos and JoAnn Hackos Comtech Services, Inc. www.comtech-serv.com © 2003 Comtech Services, Inc. One More Time: How Do You Motivate Employees? • Frederick Herzberg – • Harvard Business Review • January–February 1968 2 Most popular reprint in HBR history • Re-run in HBR in September–October 1987 • Re-run again in HBR in January 2003 3 Motivation by KITA • KITA = Kick in the pants (1968) • KITA = Kick in the ass (1987, 2003) 4 What is KITA? • Negative KITA • Motivation by punishment— • A push 5 Negative physical KITA • 50 lashes • Two weeks in the brig 6 Negative psychological KITA • Move to undesirable office • Stop speaking to subordinates • Threaten termination •… 7 What is KITA? • Positive KITA • motivation by reward— • pull 8 Positive KITA • Reducing time spent at work • • • • • Comp time Time off as a reward Recreation programs Sabbaticals Cruises 9 Positive KITA • Compensation • • • • • • Pay Increases Stock Options Bonuses Commission Incentive 401K contribution 10 Positive KITA • Benefits • • • • Health insurance Free food Limited work week Work at home •… 11 Positive KITA Human relations training • Supervisors trained in psychological approaches to management 12 Positive KITA Sensitivity training • Supervisors trained to be sensitive to the needs of their subordinates 13 Positive KITA Communication • Training...
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...| HND - Manufacturing | |Quality & Business improvement | |Ass 3- FMEA | | | |Jacob Helliwell | |30/06/15 | | | Contents Contents 2 Introduction 3 Task 1 3 Task 2 5 Task 3 7 Task 4 8 Conclusion 8 References 8 Appendices 9 Introduction In this assignment I have taken on the role of a business improvement engineer who is responsible for leading a team to develop continuous improvement principles and techniques within the workplace. This will be done through the use of FMEA which will show my...
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...purchases over 45 billion (e uro) a y ear in direct an d in dire ct goods. Curre n tly, Click2proc ure has ab out 9,00 0 registered su ppliers . Su ppliers can eithe r re gis te r free of charge for a "Basic Registration" or pay a sub scrip tion fee of 3,000 (eu ro ) a y ear for "Advan ced Bus iness Service," which entitles the supplier to additional marketing sup port, such as the co n tact informatio n News l1ndUpdat es: Welco me to c/lck2procure 's ne ..... software upgrade . This releas e indudes a more intuitive la yout and new features . Our online traini o has n also been upgrade d to help j ou becom e familiar with our ne w c1fc:k2procure . f or the latest news about dick2procu re please d ick: c!icl<2 QrtXlj r¢ = in-the TER 1 2 828 E- c o m m e r c e for rele van t Siemens customers an d an a nalysis of the suppli er's i n d ivid u a l competitive po sition . As of .Ianuary 2007, Click2p rocure h as handled over 4 billio n (euro) in purch asin g volume...
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...door de daling in afzet zal deze unit wellicht niet meer rendabel zijn. In de nieuwe strategie en in het Business Idea staat deze unit nog wel opgenomen. Toch zal NN zich realiseren dat bij verlies of sterke inkomstendaling dit de minst rendabele sector is en als eerste afgestoten zal moeten worden. NN Zakelijk kunnen zich presenteren als de financiële zakelijke dienstverlener waar men alles kan regelen. De kosten zijn voor de klant van minder belang, dus de lage economische groei zal niet enorm veel invloed hebben op dit gedeelte van NN. Toch waren resultaten omtrent deze unit negatief, dus het is van belang de cijfers goed in de gaten te houden tijdens een lage economische groei. Over deze unit biedt het scenario niet veel duidelijkheid en tevens veel onzekerheid vanuit de omgeving. * Denk dat je ‘scenario niet veel duidelijkheid’ beter weg kan laten. NN Corporate Clients de kracht van NN biedt maatwerk op pensioengebied De belangrijkste aspecten bij de strategie van NN Corporate Clients zijn de persoonlijk aandacht voor de klant, de lange termijn focus, het maatwerk wat geleverd wordt, de ondersteunende IT en operational excellence. NN Corporate Clients zal bij een lage economische groei en huidige wet-en regelgeving ook niet veel ondervinden van deze gebeurtenissen in de contextuele omgeving. Wellicht zal de afname iets dalen, maar dit zal geen grote gevolgen hebben. Dit is een sterk punt binnen NN, het scenario en het business idea, hier moet de focus te komen...
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...1. 2. 3. Which strategies aim at improving internal weaknesses by taking advantage of external opportunities? a. b. c. d. e. SO WO SW ST WT 4. How many cells are in a SWOT Matrix? a. b. c. d. e. Two Four Six Eight Nine 5. What are two external dimensions of the SPACE Matrix? a. b. c. d. e. Environmental stability and industry strength Environmental stability and competitive advantage Industry strength and competitive advantage Competitive advantage and financial strength Financial strength and industry strength 6. In the SPACE analysis, what does a (+6, +3) strategy profile portray? a. b. c. d. e. A strong industry An unstable environment A stable environment A weak industry A weak financial position 7. Selling all of a company’s assets in parts for their tangible worth is called a. Joint venture. b. Divestiture. c. Concentric diversification. d. Liquidation. e. Unrelated integration 8. Which stage of the strategy-formulation framework involves the Quantitative Strategic Planning Matrix? a. b. Stage 1 Stage 2 c. d. e. Stage 3 Stage 4 Stage 5 9. 10. Which strategy should be implemented when a division is responsible for an organization’s overall poor performance? a. Backward integration b. c. b. c. Divestiture Forward integration Cost leadership Related diversification 11. What analytical tool has four quadrants based on two dimensions: competitive position and market growth? a. b. c. d. e. Competitive Profile Matrix...
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...environment and allows for an evaluation of Bartles & Jaymes’s strategy. The case considers how Gallo Company manages its environment and strategy as the leading wine company in the United States. Teaching Objectives * 1. To analyze the organizational environment. * 2. To show how new industries through new products and how environmental competition changes. * 3. To illustrate the importance of developing a distinctive competence to compete in an industry * .4. To demonstrate how strategy develops from a distinctive competence and how firms use their strengths to manage the industry environment. * 5. To show how vertical integration helps defend competitive advantage and manage the environment. This case offers insights into many organization-environment issues It shows how a strategy evolved into a new industry. Gallo Brothers introduced a new product—a wine cooler—through a new subsidiary, Bartles & Jaymes, which became the market leader. The parent company’s strategy helped the new subsidiary’s strategy, increasing its competitive advantage. The case clarifies competition issues in the industry environment Pop Quiz Questions1. What corporate-level strategy contributes most to Gab’s competitive advantage? Answer: 1 Vertical Integration 2. Did...
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...Marketing Management MKTG5561; SE-2, 2015, Seminar 1 Dr Richard L. Gruner Assistant Professor 1 What is Marketing to you? 2 How many marketing messages are we exposed to every day? 3 3000-20,000* every day. most days of your lives. *Source:fluiddrivemedia.com/advertising/marketing-messages/ 4 5 So what can be done? 6 7 8 9 10 ...too often messages fail to stand out. 11 12 But marketing is not just about B2C communications. 13 Who is being targeted in this ad? 14 Nor is Marketing always about selling products. 15 Boycotting products... 16 17 18 And Marketing is not just about tangible products. 19 What’s the product in this campaign? 20 Behaviour Change 21 Can you think of other behaviour change campaigns? 22 23 24 25 26 AND! 27 Marketing is not limited to advertising and communications! Marketers need to be prepared to answer all sorts of strategic questions. Can you think of any? 28 [ ] Do we extend our product line/brand? [ ] How do we fight off a competitor? [ ] How do we push into new markets? [ ] Should we restructure our supply chain? [ ] Change or production processes? [ ] Raise our prices?.... It’s much more than just making ads. 29 In fact...“Marketing is Everything” (Regis McKenna). “Marketing is about all factors that influence a company's ability to deliver value to customers...
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