| Lessee Ltd.- Lease Case | | | | | | 1. Was the junior accountant’s analysis correct? Why or why not? No‚ the junior accountant’s analysis is not correct in classifying the lease as an operating lease in accordance with IFRS. Whether or not a lease is classified as a finance or an operating lease depends on if all of the benefits as well as risks of ownership have been shifted from the lessor to the lessee. According to IAS 17-10(d)‚ a lease must be classified as a finance
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Riordan Manufacturing BSA/500 IT Business Systems I August xx‚ 2013 Riordan Manufacturing was founded in 1991 by Dr. Michael Riordan‚ a professor of chemistry. After sensing the commercial application of several of his patented Polymer processes‚ Dr. Riordan started Riordan Plastics‚ Inc.‚ which initially focused on research and development. In 1992
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Riordan Manufacturing Riordan Manufacturing is a global plastics manufacturer and industry leader in the field of plastic injection molding with locations in Georgia‚ Michigan‚ California‚ and their most current expansion in 2000 to Hangzhou‚ China. The company manufactures plastic bottles‚ fans in all sizes‚ medical devices‚ and custom plastic parts. The market for plastic bottles‚ fans‚ and custom plastic parts is affected by economic conditions (University of Phoenix‚ 2010). Understanding
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Riordan Manufacturing is a global plastics manufacturer. Their products include plastic beverage containers produced in Albany‚ Georgia‚ custom plastic parts produced in Pontiac‚ Michigan‚ and plastic fan parts produced in Hang Zhou‚ China (UOPX‚ 2013‚ p. 1). Riordan’s research and development is in San Jose‚ California (Corporate Headquarters). Riordan ’s main customers are automotive parts manufacturers‚ aircraft manufacturers‚ the Department of Defense‚ beverage makers and bottlers‚ and appliance
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Student BSA/375 Instructor Date Service Request SR-rm-022 Riordan Manufacturing Riordan Manufacturing’s COO‚ Hugh McCauley wants to integrate the existing variety of HR tools into a single integrated application in all of Riordan Manufacturing plant locations. He states‚ “We would like to take advantage of a more sophisticated‚ state-of-the-art‚ information systems technology in our Human Resources department” (Riordan Manufacturing‚ 2006) It states on the service request that the project should be
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Riordan Manufacturing. The Riordan mission focuses on leading and exceeding industry standards for quality‚ including those set by the ISO 9000. Riordan’s competitive strategy includes leading industry research and development which gives the organization opportunity to adapt to external factors ahead of competitors. Developing new and innovative materials and ones that are environmentally sustainable satisfies Riordan’s desire to be "a solution provider for our customers" (Riordan Manufacturing‚ 2012)
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Case # 1 Laramie Wire Manufacturing: Using Analytical Procedures in Audit Planning February 18‚ 2011 Laramie Wire Manufacturing‚ a medium sized company‚ is planning an initial public offering of its stock in the next two to three years. Laramie operates in a single 500‚000 square foot building complex. Laramie buys copper rod and plastic materials to produce insulated copper wiring. The building complex is composed of 3% office space‚ 57% production area‚ 15% shipping and receiving area
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Riordan Manufacturing Change Management and Communication Plan Riordan Manufacturing has been in business for over a decade and has been named an industry leader as a global plastics manufacturer because of their materials and identifying trends (Apollo Group‚ Inc.‚ 2013). Because this organization is known for their contemporary mode of conducting business‚ a new formal system is being implemented for managing customer information that all employees will be required to adopt. Change Management
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Riordan Manufacturing Project Riordan Manufacturing‚ Inc. has earned international recognition as a leader in the field of plastic injection molding with its pioneering plastic designs. Products include plastic beverage containers manufactured at its plant in Albany‚ Georgia‚ modified plastic parts produced at its plant in Pontiac‚ Michigan‚ and plastic fan parts manufactured at its facilities in Hangzhou‚ China. Research and development for the company is carried out at its corporate headquarters
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Riordan Manufacturing Customer Management System Andrea McLelland‚ Kelly Feuerhak‚ Melissa Robinson Slaton‚ and Marco Elizaldi MGT/311 February 23‚ 2015 Michael Ventrone Riordan Manufacturing Customer Management System Change Management Plan Identify Power Structures Organizational Structures Potential Effects Riordan Manufacturing maintains a focus on growing its’ employees through providing a stable‚ team-oriented environment. The type of culture Riordan’s provide will continue to build the
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