Essay on Case 5.1 - 777 Words

The Fund of Funds: Valuation of Investments 1. Arthur Andersen did not rely on competent and sufficient audit evidence in auditing the valuation assertion related to FOF’s natural resources assets. According to Paragraphs .21 of AU Section 326, to be competent, evidence must be both valid and relevant. Evidential matter obtained from independent sources outside an entity provides greater assurance of reliability for the purposes of an independent audit. However, many aspects of the National Resources Fund Account (NRFA) audit were completed by using the records of KRC instead of the fair market value. The number they used may contain errors or even fraud. Since FOF had no means of valuing the assets proposed for investment by NRFA and†¦show more content†¦Without understanding the allocation method or amount being allocated, it would be hard to determine absolutely that profit was such a high figure. 3. Based on Paragraphs .09-.10 of AU Section 329, the primary purpose of substantive analytical procedures is to provide assurance on certain audit objectives. However, depending on the objective, analytical procedures might not be enough, and tests of details would provide a more desired level of assurance. The auditor should understand the objectives of the audit, and create a plan that best suits his/her objectives by creating a combination of analytical procedures and tests of details. If I was on the audit team for FOF, I would use the â€Å"Consolidated Sales to Industry† information since it is applicable to successfully completing the audit. For FOF, one of my audit objectives would be to provide assurance that the prices FOF was getting from vendors were at reasonable rates. Using the â€Å"Consolidated Sales to Industry† information, I would be able to see that the profits are not aligned and therefore, would need to investigate further. At this point, I coul d plan tests of details to further investigate the nature of these profits. An auditor has the obligation to show professional skepticism and be watchful for fraudulent activities. The heightened percentage of profits could be seen as a red flag. All of these practices fall under theShow MoreRelatedCase Study 5.1 the First Audit Essay728 Words   |  3 PagesBrandy Santiago MGT 410 Quality Improvement and Management Dr. Kislal Case Study 5.1 The First Audit Quality Auditing is a management tool to systematically determine compliance to requirements. Poorly executed audits provide incomplete or inaccurate information upon which to base future decisions. The ISO 9000 and MBNQA standards and criteria are the two most frequently used audit standards in the United States. Can John conduct an audit of his company’s quality management system given itsRead MoreCase Study 5.1 Panera Bread1633 Words   |  7 Pagesavailability of substitutes, competence of substitutes in terms of price, quality, performance and other attributes, and the switching costs to the substitutes. In general, the industry is more attractive if the threat of substitutes is low. In this case, the threat of substitutes is medium. According to Panera Bread, substitute products can be the food served by closest competitors who are in the fast casual dining sector and those not direct competitors such as restaurants that serve different typesRead MoreEssay on Case 5.1 - a Strategy Is Born Adm-624844 Words   |  4 PagesCase 5.1 - A Strategy is Born Grand Canyon University: ADM-624 01/09/2013 The events that were described in this case study sounds to me as if they started off with the planning model of Rational Planning. I say this due to the fact that all the right parties were alerted to what needed to be done with goals being said and set to be put into place for starters. This did help with the main concerns being priorities and kept to along with formations being followed with effective organized tacticsRead MoreCase 5.1: Comparing Co- Worker Against Each Other: Dose This Motivate Employees?678 Words   |  3 PagesCase 5.1: Comparing Co- Worker against Each Other: Dose this Motivate Employees? 1- What s your opinion regarding forced ranking performance appraisal? Do they motivate employees? Explain By implementing a forced ranking procedure, organizations guarantee that managers will differentiate talent. While conventional performance appraisal systems may allow managers to inflate ratings and award Superior ratings to all, a forced ranking system ensures that distribution requirements will be met.Read MoreHelp624 Words   |  3 PagesSeema Begum Short Answer Task B – 2.1/2.2/2.3/4.1/4.2/4.3/4.4/6.1/6.2/6.3 Case Studies Task C – 5.1/5.2/5.3/5.4/5.5 Assignment 207 Understand person centred approaches in adult social care settings. Tasks Task A Information Leaflet Create an information leaflet about person-centred care, aimed at individuals who use the service and their families. The leaflet must include 1) A definition of person-centred values 2) An explanation of it is important for why social care workers toRead MoreGlobal Value Chain : Lincoln University Essay1297 Words   |  6 PagesIntroduction†¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦2 3.0 Global Value Chain Definition†¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦..2 4.0 GVC Example 1: Adidas†¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦...3 4.1 Value 1†¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦.3 4.2 Value 2†¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦.4 5.0 GVC Example 2: Dell†¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦.....5 5.1 Value 1†¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦.†¦Ã¢â‚¬ ¦5 5.2 Value 2†¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦.†¦6 6.0 Conclusion†¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦...†¦7 2.0 INTRODUCTION: The 21st century has come with big changes to production processes within Global Value Chains (GVC)Read MoreChapter Three . 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This was achieved through the facilitation of procedural data collection from the selected case across the various sources of data available as well as encouraging flexibility throughout the study. 4.2 Research Method The qualitative case study was embraced as the scientific approach. This studyRead MoreCase Study Approach : Qualitative Research1428 Words   |  6 PagesCASE STUDY APPROACH IN QUALITATIVE RESEARCH Introduction Miles and Huberman (1994) present a graphic meaning of a case study by suggesting that it is like a circle with a heart in the middle (see Figure 5.1). The heart is the focus of the study, while the circle defines the edge or boundary of the case. What is beyond the edge or boundary will not be studied. In other words, to qualify as a case study, you have to state the boundary or delimit what you want to study. For example, you haveRead MoreResearch On The Learning Of An Educational Setup Essay2437 Words   |  10 Pagesthe lines of case studies. 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A Short Note On Clinical Mental Health Counseling

Sherene Phinizy 535 Excelsior Avenue Croydon Pa 19021 I am applying to the MS in Clinical Mental Health Counseling. I am a good listener as well as an overall thinker. I normally have a knack for taking a problem, looking at it then figuring out the best way to solve it. My goal is to enter into a field that would enhance those skills as well as help others. I would like to assist others in working out their issues so that they can move on from any situation with a successful mindset. I do believe that others need help working through things that hinder or cause a disruption in their daily functions. I am a cancer survivor and when I was in the hospital I could not do a thing for myself. I was bedridden for a month. A social worker came in the door and sat with me to figure out the best way to help me. I then realized two things. The first one was that people sometimes need help to solve their problems and I needed a job that was not too physical. Help is not a bad thing to need especially if it is done in a way to help you better yours elf. A human being needs someone to talk to or show them a way that they cannot see at the time. I was greatly influenced by my battle with cancer. I was very young at the time and my life was just beginning. I had only been out of high school for a year. I would have never have thought I would need my mother as much as I did. I was at the age when I was supposed to be finding myself and my independence. At nineteen I was as helpless as aShow MoreRelatedSample Resume For A Counseling Training Program At East Carolina1542 Words   |  7 PagesQualifications In 2013, I graduated from Mount Olive College with a Bachelor of Science is Clinical Psychology. As an undergraduate I did my internship with the state of North Carolina – Vocational Rehabilitation at WorkSource East in Goldsboro, NC. 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Both utilize concepts in order toRead MoreEssay on Choosing Psychology as a Career1558 Words   |  7 Pagesoffice as someone taking notes, asking how you feel about a certain event or feeling, analyzing your deepest secrets and memories. However, it branches off into many other fields. A clinical psychologist’s main job is â€Å"to reduce the distress and improve the psychological wellbeing of clients† (Bond). This can include anything from depression, eating disorders, and addiction, to mental illness, family and personal relationships, and learning disabilities (Bond). A clinic al psychologist usually willRead MoreShort-term or Brief CounselingTherapy and the Current Mental Health System3048 Words   |  13 PagesShort-term or Brief CounselingTherapy and the Current Mental Health System Abstract â€Å"Short-term† or â€Å"Brief Counseling/Therapy† and the current mental health system seem to be inexorably linked for at least the foreseeable future. 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In this text, I concern myself with counseling and psychotherapy and itsRead MoreA Brief Comparison of Historical Paths for the Clinical and Counselling Streams of Psychology2301 Words   |  10 PagesComparison of Historical Paths for the Clinical and Counselling Streams of Psychology The current practices of the clinical and counselling psychological streams are not entirely dissimilar as both are concerned with the application of psychotherapy, education, research, and instruction (Mayne, Norcross, Sayette, 2000; Norcross, 2000). Clinical psychology is primarily concerned with the assessment, treatment, and study of populations who experience severe mental illness (Bechtoldt, Campbell, NorcrossRead MoreHistory And Future Of Marriage And Family Therapy1280 Words   |  6 PagesAfter reading two articles it was interesting to note the differences and similarities between the two intellectual and highly respected individuals within the field of Marriage and Family Therapy (MFT). Each makes many valid points yet with such opposing viewpoints. By taking a closer look at some specific areas one may see that though these men have different beliefs on how treatment should be conducted, there are also some parallels. Some of the topics will include the history and f uture ofRead MoreEffects Of Alcoholism On A Family1635 Words   |  7 Pagesalcohol does to the body, why an alcoholic thinks the way that they do, behavioral traits of alcoholics, how children are affected by alcoholism in the home, and finally different forms of help that are offered for alcoholics. According to a clinical study published by The Medical College of Shantou University â€Å"Alcohol consumption has immediate effects on multiple cognitive-motor processing domains and leads to damage of multiple attention abilities†. In plainer terms alcohol messes with theRead MoreMarriage and Family Therapy Essay3257 Words   |  14 PagesMarriage and Family Therapy Abstract The purpose of this paper is to examine the field of marriage and family counseling beginning with the history and development of the profession and its importance in the field of counseling. This paper will also evaluate five major themes relevant to Marriage and Family Therapy which include: roles of Marriage and Family Therapists; licensure requirements and examinations; methods of supervision; client advocacy; multiculturalism and diversity. The authorRead MoreIntervention Plan For Allison Based On Information About An Individual Essay977 Words   |  4 Pagessince her breakup. A deeper look reveals that she likely suffers from single-episode severe major depressive disorder as the notes reflect virtually every symptom criterion described in the Diagnostic and Statistical Manual of Mental Disorders (DSM-5) (American Psychiatric Association (APA), 2013, pp. 160-167). Depression has historically been observed to be the most common mental disorder associated with suicide (Bertolote , Fleischmann, De Leo, Wasserman, 2004), second only to alcoholism which is

Managing People & Organisations for Sociability and Passion

Question: Discuss about theManaging People Organisations for Sociability and Passion. Answer: Speech According to the case study, Lion is one of the major beverage and food manufacturers in Australia along with producers of beer and wine in both Australia and New Zealand. The company follows a good and effective leadership style by maintaining the values including the integrity, wellbeing, sociability, passion and achievement of goals and objectives together. The culture within the company is important for promoting good working conditions and makes progress of work with ease and effectiveness. This is basically done for engaging the employees and ensure innovation within the workplace (Bui, 2014). Leadership is an important aspect for promoting a good culture as well as encourages the employees at various levels of supply chains to improve the corporate governance and ensure satisfaction of customers (Leroy, Palanski Simons, 2012). The ranking is done on the task readiness by encouraging diversity within the workplace and manage the processes and people properly to enhance their s kills, knowledge and expertise level. Lions authentic leadership strategy has also helped in establishing good link between the stakeholders such as suppliers, customers, employees, shareholders, etc. to manage the business operations and processes successfully (Hsiung, 2014). Based on the case study, the most effective style of leadership is the authentic leadership style that has promoted good organizational values, strengths and developed good attitudes and behaviors among the individuals to make them aware of their skills and allow them to perform to their potential. The ranks have been put for the task readiness and it is seen that the management of talent and diversity is considered as the first and foremost task that has been prioritized (Leroy, Palanski Simons, 2012). The management of peoples processes has helped in the growth and development of careers of people and make proper plans for accomplishing the business goals and objectives with ease and effectiveness. The people processes are managed by including the planning for achievements and connect their roles and responsibilities with the vision and strategy of Lion. The development of reviews has acted as a self assessment technique for the development of a plan to support the goals and objec tives with ease. The review of remuneration could help in reviewing the wages paid to the employees and ensure that the employees are paid well (Rego et al., 2012). This would not only encourage and motivate them, but could also improve their potential behavior and enhance the business effectiveness for Lion, Australia. References Bui, H. Y. G. (2014). Task readiness: Theoretical framework and empirical evidence from topic familiarity, strategic planning, and proficiency levels.Processing perspectives on task performance,5, 63-94. Hsiung, H. H. (2012). Authentic leadership and employee voice behavior: A multi-level psychological process.Journal of business ethics,107(3), 349-361. Leroy, H., Palanski, M. E., Simons, T. (2012). Authentic leadership and behavioral integrity as drivers of follower commitment and performance.Journal of Business Ethics,107(3), 255-264. Rego, A., Sousa, F., Marques, C., e Cunha, M. P. (2012). Authentic leadership promoting employees' psychological capital and creativity.Journal of Business Research,65(3), 429-437.