Role of Internal Audit Function Nano Circuits Inc‚ is a publicly traded company that produces electronic control circuits‚ which are used in many products. In an effort to comply with SOX‚ Nano is in the process of establishing an in-house internal audit function‚ which previously had been outsourced. The company began this process by hiring a Director of Internal Audits. Nano Circuits’ CEO recently called a planning meeting to discuss the roles of key corporate participants regarding the implementation
Premium Internal control Auditing Internal audit
Principles of Management Case Study “Elektra Products Inc.” PROBLEM: 1. Company Sales – The Company has been declining over the years due to multiple reasons such as market competition and Lack of Product Innovation. 2. Employee Problems - Internal Conflicts within departments‚ low employee engagement which leads to some employees seeking other jobs. 3. The Management – Resists changes proposed by the problem solving teams. OBJECTIVE: 1. The Company
Premium Management
American Home Products Case Write-Up 1. A combination of business risk and financial risk shows the risk of an organization’s future return on equity. Business risk is related to make a firm’s operation without any debt whereas financial risk requires that the firm’s common stockholders make a decision to finance it with debt. Business risk can be evaluated volatility in earnings and profits (coefficient of variation of returns on assets and of operating profits). A measure of business risk
Premium Finance Stock Corporate finance
BACKGROUND OF THE CASE Gian Auto Corporation is a manufacture and supplier of components for manufacturers and suppliers of parts for automobiles‚ van and trucks. The company maintains an excellent track record with over 10 percent increase in sales in each year. One of the critical success factors of company’s business strategy is the location of its plants in favorable business environments and areas with lower wage rates. One of GianAuto’s earliest plant is the Denver Cover Plant‚ which basically
Premium Depreciation Management Cost
Credential Solution. Credential Solution is a company that offers service to students to order and mails their official transcripts to a non-Queens College recipient. This service benefits CUNY as it allows 24/7 transcript ordering and it automates some of the processes the Registrar office needs to complete the official transcript order. Credential Solution is the only third party that works with CUNY when it comes to processing an official transcript. II) Work-Flow of Credential Solution‚ How the
Premium University Higher education Management
CASE #4: 3M Canada: Industrial Business Division PROBLEM RECOGNITION * The target is to increase growth rate from 3-5% to 12-15% in 18 months * OEM market is mature with limited prospects of expansion * Ultimately shifting overall focus from OEM market to MRO market * High unfamiliarity and low exposure to the MRO market * IBD’s share of distributor sales was 2% of distributors’ revenue * Transitioning focus from Special and Niche accounts to Large National accounts
Premium Sales Customer service Marketing
Bandara Written case analysis ¡V LOCTITE CORPORATION Marketing Management 1. Product Policy Issues a. Positioning: Should the BAM be promoted as a dispenser for instant adhesives‚ anaerobic‚ or both? At the initial launch of the product BAM should focus more on anaerobic market as this market is the one that caters to the industrial users. Only 30% of the users are industrial users in the instant adhesives market and the product features and the cost of the product will suggest to the
Premium Marketing Brand
software capitalization policy have on its financial statements? Ignore any potential tax effects. a. Assume that 60% of Microsoft’s research and development expenses were incurred after technological feasibility was established‚ that the average product life was two years‚ and that the company begins amortizing software costs at the beginning of the following year. Estimate the effect of capitalizing software costs on Microsoft’s fiscal 1997‚ 1998‚ and 1999 income statements and balance sheets.
Premium Generally Accepted Accounting Principles Income statement
Case: Allied Office Products Company A costs Allied less money to service‚ they are also a much smaller source of potential growth for the company. Company B on the other hand utilizes far more services and has the potential to earn Allied much greater revenue. With the information we have from the new ABC costing scheme we now know that Allied should be charging far more for the services rendered to company B‚ and less for the services used by company A. Current information shows that company B
Premium Cost Value added Costs
I. Issues that Azucena Inalis must take into consideration. There seems to be two major issues that PCC must tackle in its ‘corned beef venture’; 1) where should PCC get its raw materials? (beef) and 2) Where does PCC source its debt? When it comes to the outsourcing of beef‚ PCC is considering Argentina‚ Australia‚ and/ or India. There are a number of concerns that must be addressed when it comes to importing raw materials from any one of these countries: 1) Political and Legal Considerations
Premium Inflation Transparency International Political corruption