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WHAT DO CHANGES IN MISSION STATEMENTS SIGNIFY?

Companies usually change their vision or mission once they have achieved those things or the company is pivoting. Your mission is where you are now. Your vision is where you want to be in three to five years. Here are some examples of old and new mission statement-

Apple’s older vision statement:

A computer in the hands of everyday people.

Apple’s current vision statement:

To produce high-quality, low cost, easy to use products that incorporate high technology for the individual.

UPS until 1991:

The leading package delivery company.

UPS after 1991:

The enablers of global e-commerce.

Microsoft old vision statement:

Put a computer on every desk and in every home.

Microsoft now:

Our mission is to empower every person and every organization on the planet to achieve more.

Stanford University in the past:

To become the Harvard of the West.

Stanford now:

A Purposeful University Knowledge, Learning & Innovation for a Rapidly Changing World

Nike in the 1960s:

Crush Adidas.

Nike now:

Bring inspiration and innovation to every athlete* in the world. (*If you have a body, you are an athlete.)

You can see from these vision statements how organizations changed their focus as a reaction to changes in their world.

 YOUR TASK- Find out about such a company, can be a local one, from your native country, which has changed its mission statement. Then, write about what kind of Strategic changes have accompanied this change in order to allign themselves to the new mission statement.

Also add which direction the company is headed to in the new decade?

Prepare a powerpoint presentation for 8-10 slides- 20 marks

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Writers Solution

WHAT DO CHANGES IN MISSION STATEMENTS SIGNIFY?

Companies usually change their vision or mission once they have achieved those things or the company is pivoting. Your mission is where you are now. Your vision is where you want to be in three to five years. Here are some examples of old and new mission statement-

Apple’s older vision statement:

A computer in the hands of everyday people.

Apple’s current vision statement:

To produce high-quality, low cost, easy to use products that incorporate high technology for the individual.

UPS until 1991:

The leading package delivery company.

UPS after 1991:

The enablers of global e-commerce.

Microsoft old vision statement:

Put a computer on every desk and in every home.

Microsoft now:

Our mission is to empower every person and every organization on the planet to achieve more.

Stanford University in the past:

To become the Harvard of the West.

Stanford now:

A Purposeful University Knowledge, Learning & Innovation for a Rapidly Changing World

Nike in the 1960s:

Crush Adidas.

Nike now:

Bring inspiration and innovation to every athlete* in the world. (*If you have a body, you are an athlete.)

You can see from these vision statements how organizations changed their focus as a reaction to changes in their world.

 YOUR TASK- Find out about such a company, can be a local one, from your native country, which has changed its mission statement. Then, write about what kind of Strategic changes have accompanied this change in order to allign themselves to the new mission statement.

Also add which direction the company is headed to in the new decade?

Prepare a powerpoint presentation for 8-10 slides- 20 marks

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mission statements and assess whether they meet the “person on a bus” test

1. Review these three mission statements and assess whether they meet the “person on a bus” test.

• To provide book lovers and those they care about with the most inspiring retail and online environments in the world for books and life-enriching products and services.

• X is dedicated to building a world-class national resource enabling Canadians to know their country and themselves through their published heritage, and to providing an effective gateway to national and international sources of information.

• X is an independent campaigning organization that uses nonviolent, creative confrontation to expose global environmental problems and to force the solutions essential to a green and peaceful future.

2. “Employees are our biggest asset.” “Yes, but they can walk out the door any time and all your investment in them will be lost.” Explain why investments in human capital are important. Using the example of a great coach, explain why all is not lost if some of the team members quit.

3. You and your friend decide to open a high-end restaurant specializing in cuisine from your home country. This type of food may appeal to people in the neighbourhood, but you will need to differentiate this restaurant from others, and offer great service, with explanations, customization, etc. Describe the ways in which you would use HRM programs to train the waiters.

4. Some HR professionals are suggesting that employers not “stereotype” generations and treat them differently. Argue the pros and cons of establishing different HR Policies for different generations.

5. Using your school as an example, find one trend in each of the areas (economics, globalization, political/legislative, technology, demographic and social/cultural) that will impact enrollment in your school.

6. Employees spend an average of 43 minutes a day at work on personal mobile devices. A company in the United States implanted a micro chip in employees (who had volunteered to have this done) to prove the identity of the user and increase security and privacy. What policies should the HR department develop in anticipation of the continuing use of technology?

instructions:

There is total 6 questions in assignment and each question should be written in 100 words.

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What kind(s) of information do Walmart include in their ethical statements or documentation?

Discuss the following questions:

  • What kind(s) of information do Walmart include in their ethical statements or documentation?
  • Is there a designated team or governing structure that oversees ethics for Walmart?
  • What messages does Walmart attempt to send to their employees?
  • What messages do Walmart attempt to send to their external customers?
  • Why do you think that being perceived as “ethical” may or may not be important for a business?
  • What are some other potential strategies that Walmart may want to consider, and why?

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characteristics of consolidated financial statements

Consolidation at Acquisition

1.Describe the characteristics of consolidated financial statements immediately following a business combination.

Prepare consolidated financial statements immediately following a business combination, including:

calculate consolidated balances on the consolidated balance sheet,

understand consolidating investment eliminating entries, and

understand intercompany receivable/payable eliminating entries.

2. Describe the effects that the method a parent uses to carry an investment (on its books) in a subsidiary has on the investment balance that must be eliminated in the consolidating process.

Consolidation Subsequent to Acquisition

1. Describe the characteristics of the cost method of accounting for an investment.

2. Describe the necessary treatment of the consolidating worksheet when a parent uses the cost method to account for an investment in a subsidiary

Consolidation Less than 100% Ownership

1. Allocate the purchase price for a less than 100% acquisition.

2.Calculate the components of the balance sheet and income statement that would be represented on the consolidated statements with a less than 100% acquisition.

Introduction to Earnings per Share

1.Complete a calculation of basic EPS.

2.Complete a calculation of diluted EPS.

Basic Earnings per Share

1.Complete a calculation of weighted average shares outstanding with stock issuance, repurchase, dividends, and splits.

Diluted Earnings per Share

1. Calculate the potentially dilutive effect of convertible preferred stock on basic EPS.

2.Calculate the potentially dilutive effect of stock options and warrants using the “treasury stock method” on basic EPS

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characteristics of consolidated financial statements immediately following a business combination

1.a Using the public  such as company Berkshire Hathaway. or other public company , calculate 5 ratios:

Current Ratio (Working Capital Ratio)

Profitability ratio 

Liquidity  Ratio

Inventory Turnover Ratio

Operating MarginFor the current year and the prior year.  Discuss why the ratio’s changed from the prior year to the current year.

Attaches also excel file for calculations 

(need to be 1/2 pages with references)

1.Describe the characteristics of consolidated financial statements immediately following a business combination.

Prepare consolidated financial statements immediately following a business combination, including:

calculate consolidated balances on the consolidated balance sheet,

understand consolidating investment eliminating entries, and

understand intercompany receivable/payable eliminating entries.

2. Describe the effects that the method a parent uses to carry an investment (on its books) in a subsidiary has on the investment balance that must be eliminated in the consolidating process.

Consolidation Subsequent to Acquisition

3. Describe the characteristics of the cost method of accounting for an investment.

4. Describe the necessary treatment of the consolidating worksheet when a parent uses the cost method to account for an investment in a subsidiary

Consolidation Less than 100% Ownership

5. Allocate the purchase price for a less than 100% acquisition.

6.Calculate the components of the balance sheet and income statement that would be represented on the consolidated statements with a less than 100% acquisition.

Introduction to Earnings per Share

7.Complete a calculation of basic EPS.

8 Complete a calculation of diluted EPS.

Basic Earnings per Share

9 .Complete a calculation of weighted average shares outstanding with stock issuance, repurchase, dividends, and splits.

Diluted Earnings per Share

10. Calculate the potentially dilutive effect of convertible preferred stock on basic EPS.

11.Calculate the potentially dilutive effect of stock options and warrants using the “treasury stock method” on 

12. Solve BOTH EPS (Earnings Per Share) questions below 

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Financial statements in accordance with IFRS

Assignment Content
Client X operates in the US currently and is planning to expand operations globally next year. As a result, management is considering preparing financial statements in accordance with IFRS rather than with US GAAP.

Client X contacted you for clarification and recommendations regarding the following issues:
How the use of the LIFO method to value its inventories will be impacted if a switch to financial statements prepared in compliance with IFRS will be made.
Whether interest cost on construction of a new warehouse may be included in the cost of the new warehouse.
In what instances should goodwill be adjusted for impairment?

Provide a 150- word overview of each issue, followed by solid responses supported by research and proper citing.

Write a 350 word memo to Client X recommending the move to IFRS or the stay with GAAP, and why.

Format your paper consistent with APA guidelines.


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Memo Advising Client X on GAAP and IFRS

Name of Student

University Affiliation

Overview of GAAP and IFRS Accounting Principles

            The accounting standards across countries have historically varied. However, the development of the International Financial Reporting Standards (IFRS) has created an accounting standard that would ease preparation of accounting reports by companies that invest in international markets. The United States companies that wish to invest in international markets must have a clear understanding of the IFRS and the major differences with the US Generally Accepted Accounting Principles (GAAP).

            Although the major accounting and reporting requirements of inventories under GAAP and IFRS are similar, the use of Last In First Out (LIFO) is permitted only under the IFRS.  In regards with interest capitalization, both GAAP and IFRS permit capitalization for assets that are self-constructed. However, GAAP permits only capitalization of avoidable interest, while under IFRS, the total amount borrowed for construction of an asset is capitalized. Both GAAP and IFRS view goodwill as assets that are identifiable if they can be separated on basis of legal or contractual rights. However, the GAAAP views goodwill as an intangible asset and is amortized on historical cost minus any impairment. In contrast, the IFRS revalues intangibles on basis of their values and crediting of any upward revision in the asset revaluation surplus account and adjusted for equity.

How the Use of the LIFO Method to Value Inventories Will Be Impacted

            The accounting and reporting of inventories under the IFRS is principle-based compared to GAAP, which is based on detailed guidelines. Weygandt, Kimmel & Kieso (2018) points out that under the IFRS, the accounting and reporting for all goods of similar value follow similar cost flow assumption. The result is an impact on inventory assumptions that must be made when switching to IFRS. Whereas GAAP follows the LIFO, LIFO, and weighted average valuation, the IFRS employs FIFO and average-cost in making cost flow assumptions.

Whether Interest Cost On Construction of a New Warehouse May Be Included In the Cost of the New Warehouse             Generally, the GAAP and IFRS principles are similar for accounting and reporting for plant, property, and equipment. In addition, the initial accounting for all costs for bringing an asset into the actual intended use and the depreciation methods are similar. However, the capitalization of interest under the GAAP occurs………………………………………………………………………………………………

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Not-for-profit organization in an area of interest to you and review the financial statements and audit report for the organization

Select one (1) not-for-profit organization in an area of interest to you and review the financial statements and audit report for the organization. The financial statements and audit report of the not-for-profit organization should be readily and publically available on an active Website.

Write a three page paper in which you:

Analyze the selected not-for-profit’s financial statements to determine if the statements conform to Financial Accounting Standards Board (FASB) guidance in Statement No. 117, Financial Statements of Not-for-Profit Organizations (FASB ASC 958-205-45). Explain the selected organization’s use of the three (3) fund categories. Recommend at least two (2) areas of potential interest to the stakeholder concerning the status of revenue and expenses.
Analyze the organization’s statement of cash flows. Explain the format that the organization utilizes, including any unique areas of emphasis that differ from-GAAP accounting format.
Compare the organization’s reporting of pledges and contributions to its reporting of exchange transactions. Discuss the funds that are utilized.
Assess the fiscal condition of the selected organization utilizing and interpreting financial indicators, using financial ratios that are widely accepted as being indicative of fiscal health. This assessment should also be expanded to include fund-raising analysis, program review, contributions, and grant analysis and revenue analysis.
Your assignment must follow these formatting requirements:

Be typed, double spaced, using Times New Roman font (size 12), with one-inch margins on all sides; citations and references must follow APA or school-specific format. Check with your professor for any additional instructions.
Include a cover page containing the title of the assignment, the student’s name, the professor’s name, the course title, and the date. The cover page and the reference page are not included in the required assignment page length.
The specific course learning outcomes associated with this assignment are:

Assess the accounting and financial reporting requirements for not-for-profit organizations.
Use technology and information resources to research issues in government and not-for-profit accounting.
Write clearly and concisely about government and not-for-profit accounting using proper writing mechanics.

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Financial Statements and Audit Report Review

(Course Instructor)

(University Affiliation)

(Student’s Name)

(Date)

Financial Statements and Audit Report for World Vision Canada (WVC)

            The Government Accounting Standards Board (GASB) provides a set of guidelines that govern the accounting and financial reporting among the governmental entities and for-profit organizations. However, the not-for-profit and non-governmental bodies must adopt the Financial Accounting Standards Board (FASB) guidelines in making their annual financial statements and reports. According to (Becker & Terrano, 2008) statement number 117 in FASB demands the not-for-profit organization to have a statement of their financial position, statement of activities and statement of cash flows, in their financial statements.

 A scrutiny of the 2016 financial statements of World Vision Canada reveals that the organization released financial statements in conformity with the FASB guidelines (Charity Intelligence, 2017). The WVC audited statements outlines the financial position, statement of revenue and expenditures, statement of cash flows and the statement of net changes in revenues. The organization also shows conformity with the FASB in its classification of assets, gains and losses, expenses and revenues. This classification as indicated in the financial statements was done based on the existence, absence and the use of restrictions imposed by donors as outlined in the FASB provisions. In regards to the status of revenue and expenses, the not-for-profit organizations stakeholders are interested in areas such as programs undertaken……………………………………………………………………………………………………………………………………………………………………………………………………CLICK HERE TO ORDER THIS PAPER………………………NO PLAGIARISMGet 100% Original papers from the writing experts

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Use financial statements in order to evaluate the efficiency and effectiveness of an organization.

The following programmatic competencies:

3.1: Use financial statements in order to evaluate the efficiency and effectiveness of an organization.

5.3: Evaluate budgeting and accounting reports to determine the financial strength of an organization or financial proposal.

The purpose of this assignment is to analyze an annual SEC report in order to evaluate the financial strength, efficiency, and effectiveness of an organization. Visit the Company Filings search page of the U.S. Securities and Exchange Commission’s EDGAR database website (SEC.gov), located in the Topic Materials. Search publicly traded companies and choose one to use for this project. Submit your selected company to the instructor for approval. Locate the company’s most recent annual report (10K) and download it.

Read and analyze the “Management Discussions and Analysis of Financial Condition and Results of Operations” and “Financial Statements and Supplementary Data” sections of your selected company’s annual report. Based on the information found, calculate the relevant ratios and write a 500-750 word analysis providing an assessment of the following with a determination of whether your company of choice is favorable or unfavorable:

  1. Liquidity
  2. Effectiveness
  3. Leverage
  4. Profitability

Conclude with an evaluation of the overall financial strength, efficiency, and effectiveness of the organization based on your findings. 

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Use financial statements in order to evaluate the efficiency and effectiveness of an organization.

The following programmatic competencies:

3.1: Use financial statements in order to evaluate the efficiency and effectiveness of an organization.

5.3: Evaluate budgeting and accounting reports to determine the financial strength of an organization or financial proposal.

The purpose of this assignment is to analyze an annual SEC report in order to evaluate the financial strength, efficiency, and effectiveness of an organization. Visit the Company Filings search page of the U.S. Securities and Exchange Commission’s EDGAR database website (SEC.gov), located in the Topic Materials. Search publicly traded companies and choose one to use for this project. Submit your selected company to the instructor for approval. Locate the company’s most recent annual report (10K) and download it.

Read and analyze the “Management Discussions and Analysis of Financial Condition and Results of Operations” and “Financial Statements and Supplementary Data” sections of your selected company’s annual report. Based on the information found, calculate the relevant ratios and write a 500-750 word analysis providing an assessment of the following with a determination of whether your company of choice is favorable or unfavorable:

  1. Liquidity
  2. Effectiveness
  3. Leverage
  4. Profitability

Conclude with an evaluation of the overall financial strength, efficiency, and effectiveness of the organization based on your findings.