Thursday, December 5, 2019

Managerial Accounting for Advertisement Expenses and Commission

Question: Discuss about the Managerial Accounting for Advertisement Expenses and Commission. Answer: The provided case study states that the president of Kranbrack Corporation orders to reclassify period costs as product costs. Period costs are such costs that cannot be capitalized into inventory, fixed assets and prepaid expenses. The inclusion of these types of expenses can be seen in the selling and administration expenses of the companies that is a major force to reduce the organizational profits. They are selling expenses, advertisement expenses, commission, depreciation and others (Samak-Kulkarni Rajhans, 2013). On the other hand, products costs are such costs that are incurred for developing the products. This cost can be recorded as inventory asses in the balance sheet in case the products are not sold. Thus, the above discussion shows that the reclassification of the period costs into the product costs would decrease the selling and administrative expenses of the companies. At the same time, the assets would be increased. Overall, this reclassification process would increa se the reported earnings of the company (Drury, 2013). It is the responsibility of the management of the companies to record the expenses on their actual basis. Only then, the financial reports will show the actual financial position of the companies irrespective of good or bad. However, in the following case, it can be seen that the president of Kranbrackk Corporation passed the order to show the period costs as product costs with the help of reclassification process. Thus, this particular process does not show the actual revenue and profitability of the company. For this reason, this is not an ethical action. References DRURY, C. M. (2013). Management and cost accounting. Springer. Samak-Kulkarni, S. M., Rajhans, N. R. (2013). Determination of optimum inventory model for minimizing total inventory cost.Procedia Engineering,51, 803-809.

Thursday, November 28, 2019

Analysis of Human Resource System at Riordan

Analysis of Human Resource System at Riordan Free Online Research Papers Riordan Manufacturing is a plastics manufacturing company with operations in the United States and in China. Riordan employs around 500 employees. Currently, the tracking of employees is done on different systems throughout the company. The tracking system is severely in need of automation and consolidation of employee information. To retain employee satisfaction and stay competitive with other companies, it is necessary for Riordan to update or implement a new system to be more effective. Right now the company’s human resources department does not meet these needs. The company’s HRIS system was installed in 1992. It is a part of the financial systems package and keeps track of the following employee information: Personal information (such as name, address, marital status, birth date, etc.) Pay rate Personal exemptions for tax purposes Hire date Seniority date (which is sometimes different than the hire date) Organizational information (department for budget purposes, manager’s name, etc.) Vacation hours (for non-exempt employees) Changes to this information are submitted in writing by the employee’s manager and are entered into the system by the payroll clerk. Training and development records are kept in an Excel worksheet by the training and development specialist. Each recruiter maintains applicant information for open positions. Rà ©sumà ©s are filed in a central storage area, and an Excel spreadsheet is used to track the status of applicants. Workers’ compensation is managed by a third-party provider, which keeps its own records. Employee files are kept by individual managers; there is no central employee file area. Managers are also responsible for tracking FMLA absences and any requests for accommodation under the ADA. The compensation manager keeps an Excel spreadsheet with the results of job analyses, salary surveys and individual compensation decisions. Employee relations specialists track information about complaints, grievances, harassment complaints, etc. in locked files in t heir offices (Riordan Human Resources, 2004). The scope of this project is either to handle all the above HR activities with a single, commercially-available application, develop an application that can handle those activities competently, or outsource the responsibilities. Whichever solution is chosen, the system requirements and functional requirements must also be met. After reviewing the annual employee satisfaction survey results job satisfaction has decreased significantly. Employees were also asked about the working conditions and I found from the survey the average for this was the employee agreed. Next, employees were asked about personal opportunity for transfer, promotions, job training and other opportunities at Riordan. This is another area where the employees score has gone down significantly. In the Cooperation area of the survey it questions the employees overall how they relate to other employees they work with. This has overall remained the same. Compensation and Benefits section of the survey has shown the most significant decline over the years. Employees are feeling they are underpaid for the work they do and would leave the company if a job opportunity arose paying 10% more they would leave Riordan. Employees are also feeling if they do a good job and work hard they will be reward fairly is not true. Communication in the company has basically remain the same, employees are overall agree with questions they were asked. Management satisfaction at Riordan has slightly decrease over the three years and over the last quarter complaints regarding unfair discipline and inadequate training are becoming increasingly high (Riordan Manufacturing, 2003/2004). As Yvonne McMillan stated in a memo to Dale Edgel, where she has put together a summary of employee grievances, they are seeing an increasing amount of complaints directly contributing to the employee satisfaction issues. Ms. McMillan also states supervisor training is needed as many of the issues seem to be directly related to supervisory misconduct (Yvonne McMillan, personal communication, May 1, 2004). Research Papers on Analysis of Human Resource System at RiordanMoral and Ethical Issues in Hiring New EmployeesRiordan Manufacturing Production PlanThe Project Managment Office SystemAnalysis of Ebay Expanding into AsiaResearch Process Part OneOpen Architechture a white paperTwilight of the UAWNever Been Kicked Out of a Place This NiceBionic Assembly System: A New Concept of SelfIncorporating Risk and Uncertainty Factor in Capital

Sunday, November 24, 2019

Across Unknown Borders Essays - Allegory, Allegory Of The Cave

Across Unknown Borders Essays - Allegory, Allegory Of The Cave Across Unknown Borders " W e can easily forgive a child who is afraid of the dark; the real tragedy of life is when men are afraid of the light." -Plato North Koreans know of nothing other than their strenuous lives under a tyrannical dictator with barely enough food to get them through the day . Most North Koreans go their entire live s unaware of the outside world, though there are some who still find out about it . Once someone becomes aware that there is a life outside the prison of North Korea, one must then make the crucial decision of whether or not they want to try and escape living under a corrupt government , even though they risk being thrown into a brutal labor camp . Yeonmi Park, author of In Order to Live: A North Korean Girl's Journey to Freedom , disregarded the risks due to necessity when she and her mother crossed over the Tumen River and into China. Although not all situations are the same, attempting to escape North Korea is ultimately worth the risk of severe punishme nt threatened by the government because the risk of being caught is wor th the reward of being free . Plato's Allegory of the Cave examines the transition between naive captivity and freedom in the outside world. The prisoners are perpetually stuck in a cave ; chained to benches, unable to turn around for their entire lives . The only thing these people are able to se e are shadows on the wall in front them due to a "great bonfire" (Gerber) lit behind them, as well a different group of people standing between the fi re and the group of people. The second group of people serve as "puppeteers " (Gerber) , and create different shadows, which project onto the wall in front of the chained group. Those shadows are the only experience with the outside world the chained group have in their entire life. Due to the fact that this is the only visual experience these people have ever encountered, it is also how their "society" builds. If someone can figure out what the shadows represent quickly, they are considered more "elite" than the others or and if someone "judge [s] poorly or take [s] a long time to recognize the shad ows " (Gerber) , they are considered on the lower level of the social hierarchy. In North Korea, the people are metaphorically born chained to a bench a nd shadows are all they can see (Lee) . The bench is to North Korea as the shadows are to communist propaganda: North Koreans are stuck in their country, unable to leave and the only life they know is that of. Being able to tell what the shadows are quickly represents dedication to Kim Jong-Un and the North Korean dictatorship, while not being able to see what they represent, or not being able to tell quickly, represents those who are not completely brainwashed and have doubts about the tyrannical government of North Korea. Now, imagine that one of the prisoners finds out about the world behind him . He will do anything he can to escape, even though he knows no thing other than the cave wall (Gerbe r). The thirst for freedom is and will always be much stronger than the subconscious desire to follow the "rules" that people have lived by their entire lives. Just as the prisoners must escape their chains, North Koreans must escape their prison of a country. In June of 1950 , North Korea first invaded South Korea in what later became known as the Korean War. The Korean War was a major factor that lead to the downfall of the economy and ultimately the starvation of a vast number of Koreans. Kim Il-Sung, the dictator at the time, wanted to start a war with South Korea because he wanted to be the dictator of Korea as an entirety. Kim Il-Sung sent his troops deep into South Korea and "invaded SouthKoreawith the intention of reunif ying the nation under communism " (Axlerod Par. 3 ) , but around 1953, both countries stopped fighting and signed a peace treaty. They then

Thursday, November 21, 2019

How new media has changed the way in which individuals communicate Coursework - 1

How new media has changed the way in which individuals communicate - Coursework Example Information and communication technologies are numerous, segmented but that they are characterized by two important dimensions - that of its pervasiveness and the connectivity of the technological platforms/media that is anytime and anywhere. The Internet and the Global Village Unarguably, the Internet is central to the sophistication of information and communication. It has enabled people - through their computer systems and mobile network devices - to be networked together so that they interact real-time. A resident in London, for instance, could chat with a friend from Chile, read an on-going news story about what is happening in Libya and buy some apparel from a manufacturing outfit in China. All these feats could be accomplished at the same time, from the comfort of the Londoner's own home and just with some clicks of his mouse. It is easy to understand how people regard the Internet as a blessing for the sheer reason that it makes life so much easier and for knowledge to be gai ned at the speed of light. Presently, the global Internet users are fast approaching its 2 billionth mark. (World Internet Usage 2011) Because of this, the Internet became a platform for communication as well as a form of digital community that people could take advantage of for whatever objective, cause and purpose they have. For example, there is the issue of online trade or more popularly known as e-commerce. Organizations through the Internet gain access to millions upon millions of consumers to sell goods and services. At the other end of this equation, there are also those millions who turn to the medium in order to find and buy goods and services. Today, trade of all kinds and in all volumes peruses the Internet as an integral part of the sales process because it eliminates several steps and barriers in ordinary trading process. Because of the Internet's capability, production and sale of goods and services has become cost efficient, benefitting the producer and the consumer in the process. The type of communication offered by online infrastructure has provided users a facilitated way by which their economic or commercial needs are satisfied. Online trade and marketing are now so sophisticated that they are permeate people’s online lives. There is also the use of the Internet by marketers, news organizations, cause-oriented groups, and other users that seek to disseminate information so that they could shape public opinion and, hence, influence their behavior and those of the policy networks’. The Internet forms part of many corporations initiative to build brands, cultivate customer relationship and dispense excellent customer service – all designed to gain competitive advantage. Cause-oriented groups could use the medium in their strategy to inform the public about their activities. All in all, the Internet has achieved the status of the traditional media in terms of usage and integrity making it one of the platforms that public c ame to rely on. Information Access If one has to consider the way Internet works - how content could be produced and accessed by several people simultaneously - it becomes easy to understand how it has become a valuable tool in education. Online classrooms, podcasts and webinars are excellent demonstrations of how people tap the Internet to learn. For example, many South Koreans and Chinese used to go abroad in order to learn the English language. Recently, however, an increasing number of online classrooms have become alternative destinations for these learners. Through the