Here are some potential responses students could provide:
1. Describe your role and responsibilities in the organization.
- I was an intern in the accounting department. My main responsibilities included assisting with monthly financial reporting, analyzing variances between budget and actual results, and preparing forecasts.
2. What types of managerial accounting information did you use in your role?
- I used budget reports, income statements, balance sheets, and cash flow statements to analyze financial performance and identify areas for improvement. I also looked at cost reports and analyzed overhead allocation.
3. How did the managerial accounting information help managers make decisions?
- The financial reports helped identify areas where costs were higher than expected so managers could take
overview on when to use environmental analysis; Assessment of the Internal factors of PANELCO III (management audit, functional departmental areas; organizational core values and illustration of S-W
Strategic Management Accounting for Business and Career SuccessKen Witt
Identifies the skills and competencies that accountants need in order to contribute to the strategic success of their employer in a complex, global business environment.
overview on when to use environmental analysis; Assessment of the Internal factors of PANELCO III (management audit, functional departmental areas; organizational core values and illustration of S-W
Strategic Management Accounting for Business and Career SuccessKen Witt
Identifies the skills and competencies that accountants need in order to contribute to the strategic success of their employer in a complex, global business environment.
Environmental Analysis is described as the process which examines all the components, internal or external, that has an influence on the performance of the organization.
Strategic management is the management of an organization’s resources to achieve its goals and objectives.
Every organisation embarks upon a journey of operational excellence. One listens to myriad evangelical presentations by consultants and practitioners,tries each method and finally ends up creating numerous flavours of the month. Here’s a take on demystifying the basics by putting into perspective the various popular methodologies available for some to adopt. This is an article written by me for Efficient Manufacturing.
Environmental Analysis is described as the process which examines all the components, internal or external, that has an influence on the performance of the organization.
Strategic management is the management of an organization’s resources to achieve its goals and objectives.
Every organisation embarks upon a journey of operational excellence. One listens to myriad evangelical presentations by consultants and practitioners,tries each method and finally ends up creating numerous flavours of the month. Here’s a take on demystifying the basics by putting into perspective the various popular methodologies available for some to adopt. This is an article written by me for Efficient Manufacturing.
What’s the first thing you think about when you hear the word “maintenance”?
Trouble? Bad news? A necessary evil? Or just plain boring?
Then August 7, 2006 should be your wake-up call.
That’s when oil giant BP admitted a tiny quarter-inch hole was part of a widespread corrosion problem affecting 16 miles of a 22-mile pipeline from Prudhoe Bay.
As a result, BP was forced to shutdown up to 400,000 barrels a day of production from the largest oil field in the United States.
The costs are staggering. However, BP’s battles with corrosion in its 29-year-old Alaskan oil pipeline are a reflection of a much bigger concern for many big corporations. Aging assets and years of poor maintenance are now taking their toll on profits.
So that’s why we published this special report. Here are 10 important lessons you can learn from BP’s experience – surely one of the most expensive mistakes in recent history.
Accelerated life testing (ALT) is widely used to expedite failures of a product in a short time period for predicting the product’s reliability under normal operating conditions. The resulting ALT data are often characterized by a probability distribution, such as Weibull, Lognormal, Gamma distribution, along with a life-stress relationship. However, if the selected failure time distribution is not adequate in describing the ALT data, the resulting reliability prediction would be misleading. In this talk, we provide a generic method for modeling ALT data which will assist engineers in dealing with a variety of failure time distributions. The method uses Erlang-Coxian (EC) distributions, which belong to a particular subset of phase-type (PH) distributions, to approximate the underlying failure time distributions arbitrarily closely. To estimate the parameters of such an EC-based ALT model, two statistical inference approaches are proposed. First, a mathematical programming approach is formulated to simultaneously match the moments of the EC-based ALT model to the ALT data collected at all test stress levels. This approach resolves the feasibility issue of the method of moments. In addition, the maximum likelihood estimation (MLE) approach is proposed to handle ALT data with type-I censoring. Numerical examples are provided to illustrate the capability of the generic method in modeling ALT data.
The international bank for reconstruction and developmentSazedul Ekab
IBRD is the original World Bank institution. It works closely with the rest of the World Bank Group to
help developing countries reduce poverty, promote economic growth, and build prosperity.
Determining the right sample size for a reliability test is always challenging. If the sample size is too small, not enough failure information can be generated. If the sample is too large, cost and time probably will be wasted. In this presentation, we will discuss several commonly used methods on determining the right sample size for 1) reliability demonstration tests, 2) operational life tests under use condition, 3) accelerated life tests under elevated stresses. The theory behind these methods will be discussed first, and then examples of applying these methods will be provided using commercial software tools.
This is a three parts lecture series. The parts will cover the basics and fundamentals of reliability engineering. Part 1 begins with introduction of reliability definition and other reliability characteristics and measurements. It will be followed by reliability calculation, estimation of failure rates and understanding of the implications of failure rates on system maintenance and replacements in Part 2. Then Part 3 will cover the most important and practical failure time distributions and how to obtain the parameters of the distributions and interpretations of these parameters. Hands-on computations of the failure rates and the estimation of the failure time distribution parameters will be conducted using standard Microsoft Excel.
Part 3. Failure Time Distributions
1.Constant failure rate distributions
2.Increasing failure rate distributions
3.Decreasing failure rate distributions
4.Weibull Analysis – Why use Weibull?
All of material inside is un-licence, kindly use it for educational only but please do not to commercialize it.
Based on 'ilman nafi'an, hopefully this file beneficially for you.
Thank you.
All of material inside is un-licence, kindly use it for educational only but please do not to commercialize it.
Based on 'ilman nafi'an, hopefully this file beneficially for you.
Thank you.
All of material inside is un-licence, kindly use it for educational only but please do not to commercialize it.
Based on 'ilman nafi'an, hopefully this file beneficially for you.
Thank you.
All of material inside is un-licence, kindly use it for educational only but please do not to commercialize it.
Based on 'ilman nafi'an, hopefully this file beneficially for you.
Thank you.
The financial metrics and their influence on behavioursOlimjon Suleymanov
Performance measures have been known to affect behaviour. If employees know that they are being judged according to how their performance meets certain standards, they will strive to uphold those
standards in order to be rewarded. Ideally, performance measures should be designed to reward positive behaviour that maximises the corporate goal. However, in the modern business climate, shareholder value maximisation has become a central tenet of the way that most companies are run, usually at the expense of other important criteria. This paper will aim to explore the negative side-effects of an over-fixation with modern performance metrics on employee behaviour.
Question 11. The difference between profit sharing and stock .docxIRESH3
Question 1
1.
The difference between profit sharing and stock ownership is:
Answer
there is more risk involved with profit sharing than with stock ownership.
profit sharing becomes part of a base salary and stock ownership does not.
stock ownership becomes part of a base salary and profit sharing does not.
profit sharing encourages ownership thinking and stock ownership is ownership.
4 points
Question 2
1.
Which of the following examples would represent the ethical behavior of an executive?
Answer
Inflate stock prices to receive bonuses and stock options
Boost stock value through efficient operations, and effective leadership
Buying or selling stock based on knowledge about the company's future
Stretching accounting practices to present company performance in the best light
4 points
Question 3
1.
Vesting rights are the rights of the:
Answer
employee to receive a pension at retirement age regardless of the length of time he/she was employed with the company.
employer to transfer or terminate employees before reaching retirement so they can avoid paying pension benefits.
employee to receive a pension at retirement age as long as he/she was employed for a specified amount of time.
employer to keep employee contributions to pension plans if they leave the company before the specified amount of time.
4 points
Question 4
1.
Which of the following states that employees MUST have a choice about whether to retire?
Answer
Employee Retirement Income Security Act (ERISA)
Pension Benefit Guarantee Corporation (PBGC)
Age Discrimination in Employment Act (ADEA)
Older Workers Benefit Protection Act (OWBPA)
4 points
Question 5
1.
The difference between a cash balance plan and a defined-benefit plan is:
Answer
a cash balance plan earns interest at a predefined rate, and a defined-benefit plan guarantees a certain level of retirement income.
a defined-benefit plan earns interest at a predefined rate, and a cash balance plan guarantees a certain level of retirement income.
a cash balance plan specifies the size of investment, and a defined-benefit plan earns interest at a predefined rate.
a defined-benefit plan specifies the size of investment, and a cash balance plan guarantees a certain level of retirement income.
4 points
Question 6
1.
Which of the following is an example of an employee being paid based on a piecework rate?
Answer
A pay increase based on performance appraisal ratings
Being paid extra for work done in less than a specified amount of time
Pay calculated as a percentage of sales
Pay based on the amount of product produced
4 points
Question 7
1.
Which of the following is a legally required benefit an employer must provide?
Answer
Disability insurance
Life insurance
Worker's compensation
Paid leave
4 points
Question 8
1.
In addition to pay, what are some important aspects of making incentives work?
Answer
Performance measures are preset, passed down by u ...
Major Questions You Should Be Able to Answer16.1Control Whe.docxcroysierkathey
Major Questions You Should Be Able to Answer
16.1
Control: When Managers Monitor Performance
Major Question: Why is control such an important managerial function?
16.2
Levels & Areas of Control
Major Question: How do successful companies implement controls?
16.3
The Balanced Scorecard, Strategy Maps, & Measurement Management
Major Question: How can three techniques—balanced scorecard, strategy maps, and measurement management—help me establish standards and measure performance?
16.4
Some Financial Tools for Control
Major Question: Financial performance is important to most organizations. What are the financial tools I need to know about?
16.5
Total Quality Management
Major Question: How do top companies improve the quality of their products or services?
16.6
Managing Control Effectively
Major Question: What are the keys to successful control, and what are the barriers to control success?
16.7
Managing for Productivity
Major Question: How do managers influence productivity?
Page 511
the manager’s toolbox
Improving Productivity: Going beyond Control Techniques to Get the Best Results
How, as a manager, can you increase work productivity—get better results with what you have to work with?
In this chapter we discuss control techniques for achieving better results. What are other ways for improving productivity? Following are some suggestions:1
Establish Base Points, Set Goals, & Measure Results
To be able to tell whether your work unit is becoming more productive, you need to establish systems of measurement. You can start by establishing the base point, such as the number of customers served per day, quantity of products produced per hour, and the like. You can then set goals to establish new levels that you wish to attain, and institute systems of measurement with which to ascertain progress. Finally, you can measure the results and modify the goals or work processes as necessary.
Use New Technology
Clearly, this is a favorite way to enhance performance. With a word processor, you can produce more typed pages than you can with a typewriter. With a computerized database, you can store and manipulate information better than you can using a box of file cards. Still, computerization is not a cure-all; information technology also offers plenty of opportunities for simply wasting time.
Improve Match between Employees & Jobs
You can take steps to ensure the best fit between employees and their jobs, including improving employee selection, paying attention to training, redesigning jobs, and providing financial incentives that are tied to performance.
Encourage Employee Involvement & Innovation
Companies improve performance by funding research and development (R&D) departments. As a manager, you can encourage your employees, who are closest to the work process, to come up with suggestions for improving their own operations. And, of course, you can give workers a bigger say in doing their jobs, allow employee flextime, and reward people for learn ...
We have been doing a project that was implementation of IFS ERP at HVPN a public sector company, and guess what this ppt shows u the perfect upside down in a Public sector project.
Without very wise use of all the 9 things as mentioned u will never take it !
RE Chapter 34 Building an ERM Program at General MotorsCOLLAPS.docxaudeleypearl
RE: Chapter 34: Building an ERM Program at General Motors
COLLAPSE
Top of Form
1. What are the pros and cons of having risk officers as part-time assignments within different functions and business units?
The pros and cons of having risk officers as part-time assignments within different functions and business units are listed below:
Pros: The organization's advantage by utilizing low maintenance workers for hazard the executives as the compensation rate the business uses to moderate maintenance representatives are generally smaller than a typical working hour.
Cons: The hazard happens the control measure may not be as robust as when they are available along these lines a ton of harms may happen. Low maintenance laborers won't be nearly as frequently as your full-time staff. It may take them longer to become accustomed to your organization's way of life or become acquainted with the projects utilized usually.
2. Can you think of a company whose strategy failed due to its not considering the actions of external players?
On the off chance that the organization would have had or utilized better hazard the board and had the option to test the new programming before going live with it, Knight Capital may at present be a money related contender on Wall Street today. Or if nothing else had the option to recuperate from their misfortunes and remain the pioneer that they used to be. Organizations like Knight Capital must make arrangement for everything, including short and long haul dangers. Hazard the executives is pivotal to the achievement all things considered, and for this situation, was not centered on enough.
3. Do you think that companies need to experience a crisis to take risk seriously?
They can gain from their very own understanding and by leading a hazard examination to acknowledge potential dangers that are dangerous to their firm. No, organizations don't have to encounter an emergency to pay attention to the hazard. Organizations become better by learning their business condition and taking a gander at what their rivals are experiencing. Organizations today have installed chance administration forms in the majority of its specializations, which is an unmistakable sign that they've paid attention to it tremendously. Organizations execute hazard the board plan which covers how they can deal with various dangers directly before they occur.
Reference:
Fraser, J., Simkins, B., & Narvaez, K. (2014). Implementing enterprise risk management: Case studies and best practices. John Wiley & Sons.
Bottom of Form
RE: Chapter 31: Bon Boulangerie
1. How does Ray’s strategic objective translate to the operational level, that is, what is his key operational objective(s) for the wholesale business line?
Ray’s a strategic objectivethattranslates to the operational level that Bon Boulangerie pastry shop target ought to be expansionary, given it's present remaining in the market. A market head can keep up, develop, and ensure its the situation in t ...
RUNNING HEADER: Potential Risk Factors
Potential Risk Factors
Potential Risk Factors
BUS475
Understanding the risks listed below is regular will be indispensable to assessing an association's necessary arrangement. Besides, seeing how to quantify and screen these risks can assist organizations with recognizing and relieve barricades in the essential provision.
1. Economic Struggles
Changing large scale and microeconomic conditions can cause increasingly significant expenses underway; for instance, required materials can turn out to be scant or have lower edges causing lower benefit. Checking the changing monetary conditions can assist with envisioning the impacts on the business and change techniques varying.
2. Political vulnerability.
The administration assumes an indispensable job in the maintainability and strength, all things considered, legislative unsteadiness, such as visit changes in arrangements, can prompt vulnerabilities and lower benefits. Observing the world of politics can help in the capacity to make inside approach changes to relieve outside risks.
3. Demographic changes.
Changes in populace demographics of the objective market can be gainful because, as it may, gone unchecked can prompt misfortunes. Checking deals information, client profiles, and dissecting buyer conduct can quantify the demographic changes that can compromise the organization.
4. Increasing competition.
With a profitable business comes increasingly extensive measures of competition, and the risk for impersonation increments. The degree of competition can be persistently checked and estimated through statistical surveying and examination, enabling a business to keep its upper hand.
5. Quality Control.
The test of meeting and surpassing the degrees of quality wanted by purchasers frequently represent a risk because of the capacity for new organizations to improve and enter the market. Checking clients' assessment and revamping items to line up with showcase needs can help decrease losses because of quality issues.
Contingency planning
A business contingency plan is a game-plan that your association would take if a surprising occasion or circumstance happens. In some cases, a contingency can be sure, for example, an unexpected flood of cash—however, regularly, the term alludes to an adverse occasion that influences an association's notoriety, money-related well-being, or capacity to remain in business. These incorporate a fire, flood, information penetrates, significant system disappointment, and only the tip of the iceberg.
Contingency plans are a significant part of your general business coherence methodology since they help you guarantee your association is prepared for anything. Numerous huge organizations and government associations make different arrangements of contingency designs with the goal that an assortment of potential dangers is very much looked into, and their proper reactions are thoroughly drilled before.
Horngren’s Cost Accounting A Managerial Emphasis, Canadian 9th edition soluti...ssuserf63bd7
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