1. Accounting Treatments Capital Lease -Lessee Initially‚ the lessee recognizes the asset under his property‚ plant and equipment. The amount that should be debited is the Lower of asset’s fair value and present value of minimum lease payments. The present value is determined by discounting minimum lease payments using interest rates implicit in the lease. Also‚ initial direct cost that the lessee incurs in relation to the lease is added to the cost of recognized asset. On the credit side of
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WHAT IS FedEx? FedEx Corporation (FedEx)‚ incorporated on October 2‚ 1997‚ provides a portfolio of transportation‚ e-commerce and business services through companies that compete collectively‚ operate independently and manage collaboratively‚ under the respected FedEx brand. To understand the corporate level strategy of FedEx it is necessary to first know what industries they currently compete in‚ as well as where they stand within those industries. Currently FedEx is made up of six independent
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FedEx Equals Quality FedEx was incorporated in June 1971 and officially began operations on April 17‚ 1973. Conceived by Chairmen and Chief Executive Officer Fredrick W. Smith‚ a man that would soon expand the small 14 aircraft fleet he started with into a $29 billion network of companies with 652 aircraft‚ 69‚000 vans and trucks‚ and over 250‚000 employees. FedEx did not become the largest shipping company by chance‚ they did it by focusing on their customers needs and making quality in their
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Information Systems How FedEx Works : Enterprise Systems 1. List the business processes displayed in the video. A business process is a procedure that systematizes the organization and company policy in order to achieve some of the goals of the company. A procedure is a series of tasks to be imposed. A procedure generally meets the requirements that are not to be discussed by the operator who apply them. Thus it is a set of activities that are edited in chronological order to achieve
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sheet‚ and cash flow of FedEx. Step 1: determine the type of forecasting model to be used. Because FedEx is not a new borne company. The company has very long history‚ and the data of financial statement is relatively stable. So we will use the historical data to forecasting the financial statement. Step 2: Determine the forecast horizon. For the express industry‚ FedEx is always located in the top of total industry‚ but in recent years‚ the increasing rate of FedEx has some level of reduce
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presents a number of challenges for International Human Resource Management (IHRM). Firstly‚ for IHRM to identify‚ measure and address the full scope and impact‚ both tangible and intangible‚ on global stakeholders‚ secondly‚ in protecting and applying a uniform corporate identity that aligns to the interests and ethics of a global society that is composed of unequal‚ unique and fragmented cultures‚ and finally for IHRM to be compliant and kept abreast of international law and instruments which may
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Federal Express (FedEx) Corporation was founded by Frederick W. Smith in 1971 when he was just 28 years old and it specializes in overnight delivery of heavy freight‚ high-priority documents and packages. It has operations in 211 countries and it operates all over the United States providing delivery of time-sensitive‚ valuable cargo worldwide. Its main headquarters are in Memphis Tennessee USA and its subsidiaries include FedEx Express‚ FedEx Office‚ FedEx Trade Networks‚ FedEx Ground‚ FedEx Custom Critical
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international human resource management (IHRM) (Schuler‚ et al.‚ 1993: 419). The effective management of human resources in an international context is increasingly seen as a key source of competitive advantage in international business; and the quality of management seems to be even more critical in international than in domestic operations (e.g. Monks‚ et al.‚ 2001). Due to the importance of the topic‚ there has been a significant amount of research on IHRM in recent years. Some of the major
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Table of Contents 1.0 Executive Summary 2.0 Introduction 3.0 What is Talent Management? 4.0 Talent management issue 4.1 Identifying pivotal talent positions 4.2 Developing a talent pool 4.3 Creating a differentiated HR architecture 4.4 Outcome 5.0 Recommendation 6.0 Conclusion References Executive Summary Although there is a considerable degree of academic and practical topics of interest‚ talent management is still lagging behind. A crucial fact is that the shortage of talent management
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TRAINING International training and development International training process is one of the most important parts of overall successful company’s and employees’ implementation into new area. The process usually consist certain and specific stages which help to achieve the best result in adopting and transferring knowledge and competence among different units of the company. Figure 1 represents the stages of preparation for international assignments and directly shows the connection between recruitment/selection
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