SEAL TIGHT COMPANY ANALYSIS
Execute summery
A company can only be termed to be moving in a progressive direction if it can exude financial stability regarding an upward trend in its income and its command of the market. There are so many measures that can be set to gauge a company’s performance but the commonly used are the related financial methods (Liston, 2016). These are produced at least annually and consist of the balance sheet, the income statement and the statement of cash flows. Most companies and businesses prefer using income statement and the balance sheet. A balance sheet gives the picture of the organization as a whole i.e. the assets and liabilities, which entails what the business owns and what the company owes other firms.
Introduction
Seal Tight Company’s annual profit and loss account provide the financial outflow and inflow of the company. The content includes the net sales; this is the sales that is generated by the company after the deduction of returns,...
BENEFITS AND HAZARDS TO ORGANIZATIONS THAT USE SOLID-STATE DRIVE (SSD) STORAGE DEVICES
Introduction
According to Anderson, Gagliardi, May, McCright, Tlusty & Varela (2009), Solid State Drive (SSD) storage devices have several benefits over traditional hard disk drives (HDDs). Anderson et al (1999) further noted that with no rotational or seek time delays, SSDs have the potential to deliver considerably better I/O performance than HDDs. Pham & Emami (2012) have also pointed out that SSDs deliver reliability, performance, space, as well as energy efficiencies for data centers that run applications with greater input/output operations per second (IOPS) requirements. However, one of the greatest shortcomings of SSD is cost. Additionally, SSDs do not display warning signs before failing, and their reliability or longevity, as well as their long term performance is questionable (Pham & Emami, 2012).
Speed
One of the primary advantages of SSDs is that they are faster. Pham & Emami (2012) have noted that HDDs have for long served as the main storage...
ACC 578-Financial Statement Fraud
Financials statement fraud is one of the most common forms of fraud that occur in companies. Financial statement fraud involves careful manipulation of the accounting system with an aim of making the financial status of the company appear healthy to investors and the shareholders. Some form of financial statement frauds perpetrated in the past include disguising loans as sales revenue, concealing losses, deliberate omission of financial figures and/or transactions, falsification of figures, lack of adherence to accounting principles, and other forms of frauds. The Sarbanes Oxley Act of 2002 was introduced to deter companies from fraudulent reporting of financial figures. The Act, however, may not be able to deter acts of fraud where the management is involved in perpetrating such cases. This paper will assess two fraud cases related to financial statement fraud, specifically the Satyam Scandal of 2009 and the American International Group fraud which occurred in 2005.
Satyam Computer Services was an Indian-based company with...
PUBLIC POLICY ISSUE/ CONTROVERSY (PUBLIC ADMINISTRATION)
Abstract
The paper seek to explore the factors effecting abortion as a public policy issue; a case study of the United States of America. The topic has been a matter of controversy facing the US for over decades. It has dominated the flour of the US parliament, the media, and the placards of the activists. Abortion is legalized in the country though there are some individual states that have enacted laws that make abortion illegal. The study gives reasons why women consider abortion over giving birth and also the pro and cons of abortion. The paper also seeks to explain the cost of abortion to the US economy. In conclusion, it explains policies that can be effective in curbing the abortion menace in the country. The policies are also evaluated to see if they are administratively feasible and their sustainability is also assessed.
Introduction
According to Anderson, J. E. (2014), abortion can be defined as the premature ending...
Elements of an effective fraud policy
Fraud can be generally be defined as use of deception with the intent of making personal gains or causing loss to another person or an organization. There are many types of fraud such as those committed by employees against employers, businesses against customers and investors and other forms of fraud. In order to curb cases of fraud, businesses must come up with appropriate fraud policies. This letter will give in detail the elements of an effective fraud policy.
Policy statement
According to Dawson (2015), an effective fraud policy should have a policy statement. A policy statement outlines the core responsibility of the management to prevent or detect cases of fraud in the organization. The management should be aware of the types of fraud which are likely to occur within their organizations and implement appropriate measures for prevention and detection. The management cannot delegate this task to outside parties since it is an integral part of the...
Fraud Prevention and Detection Policy-ACC 578
Elements of an effective fraud policy
Fraud can be generally be defined as use of deception with the intent of making personal gains or causing loss to another person or an organization. There are many types of fraud such as those committed by employees against employers, businesses against customers and investors and other forms of fraud. In order to curb cases of fraud, businesses must come up with appropriate fraud policies. This letter will give in detail the elements of an effective fraud policy.
Policy statement
According to Dawson (2015), an effective fraud policy should have a policy statement. A policy statement outlines the core responsibility of the management to prevent or detect cases of fraud in the organization. The management should be aware of the types of fraud which are likely to occur within their organizations and implement appropriate measures for prevention and detection. The management cannot delegate this task to outside parties since it is an...
Successful AIS Implementation
Identify three to five (3-4) factors that contributed to the accounting information system failure within the business that you have identified. Indicate the impact to the business. Provide support for your rationale.
Avon is an outstanding international beauty company that was founded over 100 years ago and has over 6 million sales representatives. The organizations require a system that fits well with the evolving changes in the beauty world. The accounting information system doesn’t include much utilization of the machines; the machines are just devices in the system. They are not the key drivers during the whole process (Bucker & International Business Machines Cooperation, 2009).
The accounting system may be traditional or not genuinely agreeable with the administration system, which may cause system disappointments, as these administrative plans are concentrated around the total disappointments of different firms. Example is Enron and other organizations. The mechanized accounting systems are more valued than the manual accounting systems and the organization may embrace...
Motivation and Job Satisfaction
Definition of motivation and job satisfaction theories
The need theories were put forward by David McClelland. The theories attempt to rationalize how the need for achievement, affiliation and power impact the actions and behavior of individuals especially in management positions. McClelland’s theory stipulates that individuals are motivated by any of the three aforementioned factors regardless of their age, culture, or gender. In the need for achievement, people prefer working on moderately difficult tasks, are more apt towards the result of their efforts and prefer to obtain feedback about their performance. The need for affiliation drives people to establish and maintain social relationships or identify with particular groups. Lastly, the need for power drives people to control or influence others.
Individual differences as a field in psychology examine the differences and similarities in people’s feelings, thinking and behavior. Individual differences strive to explain how people are similar psychologically and also how they vary in terms of their psychological characteristics. The...
Leader Traits and Effectiveness
Jeffery R. Immelt is the current CEO and chairman of the board of General Electric, an American based conglomerate. He is responsible for implementation of the company’s short term and long term strategies with the aim of increasing shareholder value. Specifically, he is responsible for developing appropriate strategies that can increase the company’s future prospects. As the chief executive officer, his role also involves making day-to-day management decisions. The CEO acts as the liaison between the top management and the Board. He also provides the Board with official communication from the management. The CEO is also charged with providing official communication to all relevant stakeholders such as the public, employees, shareholders, investors and government authorities. The CEO is also responsible for ensuring that the company maintains corporate citizenship and also social responsibility towards the community. Lastly, his role also involves putting internal and external controls or checks that ensure the company operates within its legal mandate.
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Leadership Evaluation
Provide a summary and overview of the form
A performance appraisal form is used to evaluate the performance, personality, strength and weaknesses, and the potential of the staff of a given organization. Leadership performance appraisal forms provide the management with a simple way to analyze and communicate employee performance and depending on the outcomes provide a guideline for improvement. Emory University maintains performance appraisal forms for all employees. The forms are used to obtain performance feedback from employees and to outline performance objectives. Employees’ performance is rated on a scale of five. The ratings are outlined as: exceptional, commendable, solid performer, needs improvement, and unacceptable. The ratings are based on whether an employee meets set departmental targets and the consistency of doing so. Employees receiving aggregate ratings of “needs improvement” or “unacceptable” are given a performance improvement plan which is meant to improve their productivity.
A number of performance factors are used to rate the employees. Work result is the fast...
