See attached Research Paper Example | Topics and Well Written Essays - 750 words

See attached - Research Paper Example 1- Management integrity: Management integrity, or the ethical nature of personnel of authority, designs the overall tone for the company. Management integrity is communicated with all the employees through the handbooks and procedural manuals of employees. 2- Competent personnel: A company’s capability to recruit and retain proficient employees shows management’s intention to appropriately recording of accounting transactions. Additionally, the retention of workers raises the comparability of financial records from time to time. 3- Segregation of duties: The University of California at Los Angeles observes that a segregation of duties is significant to effectual internal control because it minimizes the risk of errors and wrong proceedings. A successful structure of internal control segregates authoritative, accounting and custodial functions. 4- Record maintenance: Keeping proper records gives the surety that appropriate documentation exists for all the business transa ctions. The management of records include: storing, protection and ultimately destructing tangible or electronic records. The Environmental Protection Agency highlights that an accurate records organization program minimizes operating costs of the operations, improves effectiveness and reduces the risk of process (James, 2013). SEC: The basic objective of SEC is to make sure that the security market is operating in a fair and orderly way. The professionals of security industry are forming contracts fairly with their clients, and that organizations provide general public all the necessary information about the company position through which investors could be able to make well informed investment decisions (Investor, n.d.). The SEC follows these goals by: mandating that organization reveals material business and financial information; supervising the process of the SROs; following rules with which those concerned in the buying and selling of securities should obey; and filing proceed ings or taking other enforcement activities in cases where the law has been desecrated. In spite of the lot of protections given by federal and state securities laws and SRO policy, it is essential for investors to keep in mind that they have the final accountability for their own security (SEC, n.d.). FASB: The Financial Accounting Standards Board is accountable for creating, revising, clarifying, and issuing mutually the broad principles and the specific activities that comprises acceptable financial accounting of private-sector (Tran, 2012). The FASB works through a course of the research projects, discussion memoranda, public hearings, comment letters, and proposal drafts. The FASB's eventual findings on program items are published as Statements of Financial Accounting Standards, which companies are necessary to adhere to (Dietrich, 2013). The Financial Accounting Standards Board (FASB) is a one branch of the Financial Accounting Foundation (FAF), and self-governing, nonprofit b usiness The Financial Accounting Standards Board bears accountability for making generally acceptable accounting principles (GAAP) for the private or confidential sector (FASB, n.d.). Part 3-answer: Company in that was praised for its ethical practices: Nestle company has got a huge number of employees around the globe and it is maintaining a highly ethical behavior in its all the companies around the world. Nestle provides great satisfaction to employees and their satisfaction reflects in the

PROJECT mANAGEMENT( CASE STUDY) Essay Example | Topics and Well Written Essays - 1500 words

PROJECT mANAGEMENT( CASE STUDY) - Essay Example Number in the top of the set is the time this activity individual requires or the total time allocated to complete this activity. Compartment with 0 carries the point in time particular activity can be started. Therefore Activity A can be started at 0 point in time means that as soon as the project started and it is the Earliest Start Time (Anantatmula, 2010). Whereas Compartment with 7 refers total time consumed after completing this particular activity which means it shows the Earliest Finish Time (Brotherton, Fried, and Norman, 2008). Bottom right compartment is the time of latest finish activity. For instance, activity can be finished at the latest by 10 weeks and any further delay than 10 weeks would impact total duration of the project. Number below the complete box refers the amount of time (weeks in under study case) this particular activity can be delayed without affecting the total project time; called float (Brotherton, Fried, and Norman, 2008). For instance, activity A ca n be delayed to maximum of 3 weeks without affecting the total project time. This delay would also allow this activity to be included in the critical path and as the gap available for delay would entirely be consumed by the initially activity. So an activity can be represented as follows: Duration of the project Earliest Start Time A Earliest Finish Time Latest Start Time Latest finish Time float Path identified with red arrow is the critical path. Critical path refers to path or the flow of activities that are critically dependent on each other and delay in these activities would immediately result in delay of the project. Critical path of this project includes following activities: B-E-H-J-K-L. It is identified with activities that have zero (0) float; referring to no time cushion to delay this particular activity. It is the longest path and any delay in these activities will delay the entire project. The float of the activity D and F are 3 weeks and 1 week respectively. This mean s that activity D and activity F can be delayed by 3 weeks and 1 week respectively and this delay would have no impact on the duration of the project and project will be still completed on time. However, any delays in these activities with more than the stated time would impact completion of project on time (Alojairi, and Safayeni, 2009). Activity F has a float of 1 week and delay in this would affect the overall time required to complete the project. Manager in order to reduce time for delay in the critical path can take the benefit of float of F and G and shall take up both activities parallel. Hence, this way, two weeks benefit will be in hand to project manager. Within these two weeks manager can allocate additional resources for such as multiple panel for hiring and training staff in order to complete the project within due time or minimizing the delay. ANSWER # 1 (b) Each component of the project plays its part in order to complete the project within the duration. However, amo ng large number of factors few are regarded as critical and discrepancy on these factors such as delays can resultantly cause the delay of the entire project along with cost also being affected. Being critical these factors require considerable attention to ensure minimization of the discrepancy chances (Bredillet, 2005). For the given project of developing petrol station with convenience stores being market already explored by Tesco Metro and Sainsbury’s Local but with distinction to exploit the high income class