Monday, January 27, 2020

SABmiller Strategy Case Study

SABmiller Strategy Case Study 3.1 Strategic position SABMillers one strategy is continuing to acquire other companies around the world and continuing to expand, especially in developing countries. As we all know, SABMiller and Molson Core, the two sides decided to merge operations in the United States and Puerto Rico. The two sides announced that it would form a joint venture. Johnson, Scholes Whittington (2008) defines corporate strategy as sum of companies objectives and goals and its plans for pursuing those purposes. According to Andrews (1980) corporate strategy can define the company policies, its range of businesses, and its human and economic organization and its contributions to stakeholder. From there definitions it is clear that one should analysis SABMiller business environment, core competencies capabilities and stakeholder expectation to identify SABMiller strategic position. SABMiller in current strategic position has provided us with a clear picture of the opportunities and challenges that the S ABMiller operating domestic, worldwide and its growth come though entering developing market, acquiring businesses brands, and growing them it face in the business environment but stakeholder expectation, core competency and market the reality is the strategy not match to business environment which will create a big dilemma for SABMiller. Consolidation exam of that the reducing the risk that associated the more developed market like Africa, Europe and US will ensured as firm in base of possibility of emergent market might reducing the risk on vulnerable region. It would be feasible particularly given SABMillers competence that been responded by obtaining the business success in the risky market. Further more while it is undoubtedly possible to improve the companys position in developed markets improvement need might quite marginal. 3.2 Table 1: Mission, Vision and Strategic Objective Mission Statement: Stability of reputation of the company Leverage the local and global market Increasing the number of demand Job opportunity to the local and global environment Leverage the new branding production. Competitive advantage Strategic Objectives: Assessing Reach and development RD of the brewery Analyzing the demand of the customer Reaching the stability of the economic Considering Non-factor qualitative Differentiation of the new product Visions Statement: Leverage the production and stability of the company reputations of the SABMiller. Number one operational in the market The mission and vision of the SABMiller Company will be leverage is there company will focus in certain area providing of the strategy objectives by reach and develop the production and merger to the other develop market and to be number one to the industry and help the stability of economic to the environment of the global and market place. 3.3 Strategic Options Using the Porters Generic Strategic, Ansoffs Matrix and BCG Matrix to help me evaluate and analyzed the following strategy option 1 product development, option 2 market developments and option 3 joint venture. The fist strategic choice is product development to diversity the production of improvement and growth of the quality product. For option 1 according to generic strategy the product development need to focus and diversify the differentiation product strategy which SABMiller has a unique product and might reach the target scope industry worldwide. Differentiation strategy like creating a new product like wine or liquor and sell it on the low cost of production that can effectively bust on the target scope of SABMiller. For option 1 according to ansoff matrix the product development and diversification will achieve the existing production and entering new market of the new product of the company with diversification. Product development not only in the brewery SABMiller has a lot of potential to diversify other product and continue to develop it but its must be depends to the demand of a customer. Diversification of the new product for a new market potential are more reliable to manipulate by SABMiller. For Option 1 according to BCG Matrix the question marks for SABMiller creating a new product to the new mark et it will be risk to the cost of production if the new product didnt exist to the market pretty hard to consider and evaluate what customer wants and need. The second strategic option is market development which is SABMiller has an opportunity to entering new market in any country that need to develop or re develop a production to increase higher profit and market share in every country. For option 2 according to generic strategy the low cost of leadership will achieve by having the lowest prices of the product in the target market segment, or at least the lowest price to value ratio (price compared to what customers receive). Offering the lowest price while still achieving profitability and a high return on investment, the firm must be able to operate at a lower cost than its rivals of the market. Since the SABMiller operating entire of the country they have some disadvantage of lower customer loyalty, as price-sensitive customers will switch once a lower-priced substitute is available. A reputation of the SABMiller leader may also result in a reputation for low quality, which may make it difficult for a firm to rebrand itself or its products if it chooses to shift to a differentiation strategy in future. For the option 2 according to ansoff matrix is market development strategy must be focus on develop a cost leadership may have the disadvantage of lower customer l oyalty, as price-sensitive customers will switch once a lower-priced substitute is available. A reputation as a cost leader may also result in a reputation for low quality, which may make it difficult for a firm to rebrand itself or its products if it chooses to shift to a differentiation strategy in future. For option 2 according to ansoff matrix the market development is need to focus and come out new product for the new market based on the case study the SABMiller existing product only a beer that they has a multi distribute to other county if they develop the new market they need to introduce new product. For option 2 according to BCG matrix the market development is start because if the market development will continue to develop in every market of the country the SABMiller will foresee to success. The third strategic option is joint venture to associate other developed or developing country to leverage a good stability of the SABMiller market to other county. For option 3 according to generic strategy the joint venture is differentiation not only in the product to the other association of the market every country has a different market joint venture will giving a knowledge for the local market and will giving to SABMiller new idea how to difference the product to distribution country. For option 3 according to ansoff matrix the joint venture creating a new product using there current existing market in worldwide the interrogate of changing market esp. thru technology will affect the connection of the associate people to the joint venture. For option 3 according to BCG matrix the joint venture is cash cow coz its still need to re engineer the product strategy and to re develop more joint venture to the other country but to joint venture to other country will cost higher volume of the money and massive of reaching for the company will join on SABMiller company. 3.4 Recommendation for SABMiller company are product development and differentiate there existing product and the new product considering to the other demand of other country and focus to the technology ever market will interrogated of the technology. Product development still consider the effectives of the new production so far based to the case study new beer products and transference of the beer products and brand between market. They need to be transferring brands across different market and across region for example selling different brand outside of southern African it could carry on doing well and it will expand using channel to introduce brands from across the world new market however this may not provide of the SABMiller company with the sort of growth that is now being expected of it and it may underestimate the value of loyalty across the world. Differentiate to the existing product and new production will help to increase the continue of the market growth of the SABMiller esp. across the region they need to evaluate the region market before they will entered to the new market region population of the region and analysing economic will help to cane out with the uniqueness new product but still need to invest higher capital. Joint venture to the local region will give a larger opportunity to be success but investing to the new region with new joint venture will be a area of critical long term growth, But may require a great deal patience but the SABMiller company must meet the expectation of the stakeholder and the other particularly intuitional investor across the region coz there following the insistence on the need for hard currency growth with the presence of the new countries opportunity for growth. Evaluating and analyzing will help to SABMiller to be secure there company reputation across the region and to the future market region.

Sunday, January 19, 2020

Workplace Telecommunications Essay examples -- Telephone Phone Systems

  Ã‚  Ã‚  Ã‚  Ã‚  Ã‚  Ã‚  Ã‚  Ã‚  Ã‚  Ã‚  Ã‚  Ã‚  Ã‚  Ã‚  Ã‚  Ã‚  Ã‚  Ã‚  Ã‚     Ã‚  Ã‚  Ã‚  Ã‚  Ã‚  Ã‚  Ã‚  Ã‚  Ã‚  Workplace Telecommunications The telecommunication system at XYZ Corporation meets the needs of its medium sized business. Their phone system consists of 1,000 2400 series digital phones. These phones help to improve the efficiency and productivity of our organization and simplify the flow of information because of the enhanced features such as the ability to expand your 24 button telephone with additional 50 button expansion modules. With this phone system there's no need to change station wiring or cross connects, your staff can move telephone sets around without the help of a technician. This feature saves time and money for every day moves. Each phone has a full duplex speaker phone a 2x24 display size (lines x characters) and expansion unit ports. Our organization uses a PBX system to route voice data, and internal video transmissions, while we send all external calls through one or more lines to the provider's central office. Digital PBX acts as the gateway between users and external world. To connect to t he outside, we connect to the public network with Sprint digital PBX trunks. Each digital trunk is delivered on a T1 (1.5 Mbps) line. PBX trunks provide individual phone numbers to all of our employees without purchasing individual, physical lines. The T1 bundle comes with many services which include: local loop access, 24 digital voice channels, configurable trunk lines, block of DID numbers, voicemail, a link to calling services. S...

Saturday, January 11, 2020

How has technology over the years affected society today?

My essay will contain facts and answers about cell phones and if they are helping us or not and also how smart phones are actually making us stupid. It is getting bad, 37% of adults have admitted to being addicted to their smart phones while 60% of children and teens have admitted to being addicted to their smart phones. And Apple isn’t exactly helping with this. They have sold 33. 8 million I phones, 14. 1 million I pads and 4. 6 million Macs this quarter. In case you didn’t know a quarter in the business world is 4 months.And that’s just Apple alone, in the first three months of 2013 there have been an estimated 405 million cell phones sold with 216 million being smart phones and 189 million being regular cell phones. Smart phones, they have completely changed the way we communicate. We use them for everything entertainment, math, translation of languages, cameras, and even the Internet it really is mind blowing to think of what can be done with a Smartphone. H ave you ever heard someone say â€Å"there’s an app for that†? Well that’s because there is probably an app for just about everything.There are apps that your animals can play apps for your toddler and for your parents too. Whatever happened to cat toys, hot wheels and books? I mean honestly smart phones kill, how many lives would have been saved if we didn’t have smart phones how many lives could we have saved if we didn’t have that one app or internet connection? It’s also been worse since texting was made illegal because everyone try’s to hide it under the dashboard or god knows what other ways people try to hide phones, takes their eyes off the road and then veer and crash.It has got to the point where every part of daily life is run by our phones we use them to fall asleep wake up figure out what clothes we want to wear today and so on. Did you know sixty two percent of Americans admitted to relying on smartphones to get through their day? But on that note don’t get me wrong there are some advantages to smartphones like how they are a popular communication device, some apps are useful, the built in gps can get you out of some bad situations. it really just depends on the user it could be a 16 year old girl sending 30 texts a minute or it could be a 50 year old man taking 15 minutes to say what’s up.Which leads to another point of why old people shouldn’t use smartphones they set themselves up to be a danger to society if god wanted someone to take 15 minutes to say â€Å"hey† he would have given them a stutter. They need help most the time they use it, it would be simpler to own a regular phone that costs twenty dollars than have a three hundred or four hundred dollars. And when they do have smartphones they don’t use ninety percent of the apps or things like that when that’s what smartphones are for.

Friday, January 3, 2020

Moral Political City Essays - 1560 Words

Plato and John Rawls give to us an account of a moral community in which they both presupposed different views of the human person as order to such community. In this paper, I will attempt to examine what this moral political community is according to Plato and John Rawls. My thesis will support Platos idea of moral political community which is better than John Rawls because it presents a community with order and a concern for the well being of all not just one. According to Plato in the words of Socrates, quot; I assume that if a community has been found properly, it has everything it takes to be good.quot; The keywords from this phrase being quot;found properlyquot; and quot;has everything to be good.quot; In what follows I will†¦show more content†¦. . because youre all related, sometimes a silver child might be born to a gold parent, a gold one to a silver parent, and so on . . .quot;This story was made in order for the people to see that an auxiliary or a worker can become a guardian proper if he has the capacity to do it. Also, a guardians proper, son, can become an auxiliary or a worker if he does not have the capacity to do the job of a guardian. In all this I can see that Socrates, being a philosopher and wise, is hesitant to give the answer. Certainly, he has a belief about the matter being said and was ready to give his friends the answer, but after reading the dialogue of the Republic, one would conclude that Plato wants his readers and his questioners to be active participants in the dialogue. This can be seen when Socrates questions his friends, quot;Can you think of any tactics to make them believe this story.quot; This is the style of Socrates dialectic. Before one can give an opinion of a subject, that is how it should be, one has to define the subject. Socrates says, quot;Ive got a pretty good idea of what youre getting at, I said, it would help them care even more for the community and for one another. But the future of all this will be decided by popular consensus, not by us.quot; So we can see right here that Socrates has a good idea of what a good community is, but he wants his friends toShow MoreRelatedAristotle And Plato s Views On Politics And Morality Essay1480 Words   |  6 PagesThe purpose of this essay is to discuss whether politics should be focused on morality with reference to the political thinkers, Aristotle and Plato. Aristotle and Plato have two fundamentally differing views on politics and how it links to morality. Morality to Aristotle and Plato will be analysed through their version of how politics utensils morality to carry out legislation or create a universal manner carried out by the citizens. To achieve this, this essay will examine the following pointsRead MoreEvolution of Populism and La Moral from Mo dernization Populism refers to the political philosophy1100 Words   |  5 PagesEvolution of Populism and La Moral from Modernization Populism refers to the political philosophy that pits the downtrodden masses against the apathetic ruling elite. La Moral refers to the conformity to the code of conduct set by employers. Modernization is the transformation from a traditional, rural society that primarily relies on agriculture to an urban, industrialized society. 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It is through her own moral standingRead MoreThe Machiavelli s Political Philosophy1575 Words   |  7 PagesMachiavelli’s Political Philosophy Precede It is fundamentally important to preface the discussion hosted in this essay by addressing ourselves to the most mundane question-why consider Machiavelli in the context of philosophy, least of all, political philosophy? This question dominates any philosophical inquiries of the Machiavelli’s political ideologies. Put differently, do the contributions by Niccolà ² Machiavelli to the various salient discourses in the Western thought, most notably political theoryRead MoreMorality And Its Effect On Society1474 Words   |  6 Pagescompatible with politics, for it is the people who create politics and in them rest morals. Morality itself rest in the individual, and as such is interpreted in various ways; when put together it is only natural that the definition of morality as a whole is simplified and thus individual interpreting is compromise and also, a consensus is reached. As discussed in the â€Å"Apology† and elaborated in â€Å"Crito,† Socrates’ stan ce is moral in nature but is in line with politics, in relation to today’s issue of marriageRead MoreAristotle s Views On Ancient Greek Democracy884 Words   |  4 Pagesconflicting viewpoints concerning the merits and possibilities of ancient Greek democracy. Aristotle’s political theory attempts to justify his city-state’s political structure by providing a model of the common good, or Chief Aim, his end goal for Athenian democracy. He believed Athenians could reach the Chief Aim as a society by individually learning to be virtuous and then instilling laws and morals based on these ideals. In his lecture, The Liberty of the Ancients Compared with that of the ModernsRead MoreEssay on Moral Law and the Just Regime1506 Words   |  7 PagesSt. Augustine and Aquinas reasoned that the just city would also be a moral city. The city would assist in the physical and spiritual salvation of men. Their ideas of a just city would necessarily require moral laws. Laws required punishment when broken. Their ideas of a just regime could easily bring about a religious tyranny. However, reasonable people recognize that modern tyrannies, which may use religious concepts for their basis of a just regime or a purely immoral, evil regime, whichRead MoreNiccolo Machiavelli s The Prince, A Secularist And Realist View Of Politics1260 Words   |  6 PagesModern political theory is defined as an integrated set of attitudes and beliefs that characterize the thought processes of a group or nation in the present day. Niccolà ³ Machiavelli, born in the late 15th century, is considered the father of modern political thought and some even consider him the founder of the concept of ‘modernity’ itself. Machiavelli’s most famous piece of writing, The Prince, a secularist and realist view of politics, was a dramatic break from previous political thought anchoredRead MoreThe Nature of Man as Political Animal Essay1723 Words   |  7 Pages Not everyone will agree with Aristotles political theory, but it is essential to understand the principals that underline the new political theories. Aristotles politics is one of the most influential books of political philosophy. His main ideology consists in that a man is by nature a political animal because he can reason and communicate with others, therefore, has the potential to alter or change his living conditions for better because he can recognize the difference from right or wrong.Read MoreThe Racial Contract Is Grounded On Three Of Today s Political System1419 Words   |  6 Pagesargument is declaring the global white supremacy as the core of today’s political system. Mills opens with mentioning how other political philosophers in history have neglected to discuss race because of their own racial privileges. However, this is ironic given the significant of race and what social and political constraints race has put on certain groups of people. At the same time, race provides superiority for whites in the political and social spheres. Mills explains, â€Å"A Racial Contract might be more

Thursday, December 26, 2019

The Current Generation Of Native Americans - 1238 Words

The current generation of Native Americans does not deserve reparations for what happened to their ancestor because it is unreasonable to say that the current generations of Native Americans are disadvantaged due to the large revenues they generate from gambling. In the United States today, Native American gaming comprises casinos, bingo halls, and other gambling operations on India reservations or other tribal land. These areas are all have tribal sovereignty, which means that states have limited ability to forbid gaming there because of the Indian Gaming Regulatory Act of 1988. Due to the negative affects from large revenues of gambling, Native Americans should not receive reparations for their land. Currently, almost half of American’s†¦show more content†¦Per capita payments are the cash that the tribe distributes each year from its casino profits, which have grown as gaming revenues have risen and can range from as little as a few hundred dollars a year to more t han $100,000. These payments have been shown to have negative affects and could be done in a more positive and effective way. In the study done by the American Indian Law Journal, of the 17 tribes studies that handed casino profits directly to its members, 10 saw their poverty rates rise, and of the 7 tribes that did note, only two saw such an increase. One tribe in northern Washington has eliminated poverty completely, and that tribe does not issue any per capita payments and has used its casino profits to diversify into other businesses. With growing tribal gaming revenues, poverty can become worse through the way casino profits are sometimes distributed through its per capita payments. These payments can be seen as a form of reparations, but they show the negative affects they have on the Native Americans by allowing some of them to be comfortable with living in poverty because of they payments they know they are going to receive from the casinos due to their large profits and th e way casinos distribute them. There are many reasons to link financial problems and crime to the large revenues of gambling. Financial losses are one of the extreme threats and costs to the gambler. This is becauseShow MoreRelatedThe Destruction Of A Culture1277 Words   |  6 PagesTherefore, American culture is a diverse mix of customs and traditions from almost every region of the world. However, any culture with the value of the traditions and beliefs can be greatly weakened when introduced to a new and overpowering culture. It happens quite frequently to families that move to a new city or country with different lifestyles. As a result, the children of these families grow up to not care as much about their original culture s traditions as the older generations do. As weRead MoreThe Death Of The Native American Population1470 Words   |  6 PagesSuicide in the Native American Population of the Northeastern United States While the Native American population encounters many health disparities; of growing concern, is the rates of suicide among these communities. The U.S. National Library of Medicine defines health disparities as â€Å"the variation in rates of disease occurrence and disabilities between socioeconomic and /or geographically defined population groups†. When looking at the Native American population of the northeastern United StatesRead MoreThe Current Condition of Native Americans Essay812 Words   |  4 PagesThe Current Condition of Native Americans When you think of Native Americans, do you just think of what happened to them in the past, or do you think of how they live today and how they are viewed by the people around them? You probably do not think of how the Native Americans are viewed today. There are many Indian organizations out there that help the Native Americans improve their lifestyle and how they live. There has been an expansion in the Indian population since they have beenRead MoreChristianity in Monkey Beach by Eden Robinson1083 Words   |  5 Pagesspirituality takes place in many novels that we have read this semester. Natives has used spiritual guidance as a means of connecting with their past and honoring their ancestors. To Natives, spirits have always played an important role in their culture and everyday lives. When Natives were forced to convert to Christianity and over time have their beliefs sucked out of them, the spiritual connection was broken as generations passed. One novel that particularly s poke to me on this subject was MonkeyRead MoreNative American Folklore As Mythology Essay1066 Words   |  5 Pagesand all over the world, mythology has been developed as a way of explaining the unknown and coping with one’s existence. Why does the sun shine? Well, seemingly, to generations past, something is controlling the universe, so there must be a god in charge of the sun and many other natural phenomenon. During the creation of Native American myths, â€Å"there was much in the way of free-range food, but hunting wasnt as easy as getting up in the morning, taking a stroll and shooting a few passing bison withRead MoreThe Dawes Act Of 18871412 Words   |  6 Pagesof the American lifestyle—a lifestyle that failed to coincide with the traditions and culture they possessed years prior to the influx of Americans into western territory. As desire for this territory increased due to economic ventures, and the ultimate desire to expand due to Manifest Destiny, measu res needed to be taken to ensure the land was to be in full possession of the government. Thus, the Dawes Act was enacted in 1887, which allotted new lands to Indians in exchange for American citizenshipRead MoreAnalysis Of La Rose By Louise Erdrich1706 Words   |  7 PagesWorld† and eventually the United States of America, the native people were treated cruelly through many different wars, acts of racism, and displacement of indigenous nations. Despite the brutal history the indigenous people of North America have gone through, in some cases, traditions, languages, and beliefs from previous generations have been kept and remembered. Throughout her novel, La Rose, Louise Erdrich represents authentic Native American history by creating numerous situations in which theRead MoreThe Use Of American Indian Languages On The Decline1542 Words   |  7 PagesUse of American Indian languages is on the decline in the US, and will continue to do so unless a greater pressure is put on language preservation. As an outsider, it is hard for me to watch so many cultures and languages die out, and even harder for those who love their cultures and heritage slowly having lesser importance within their Westernizing lives. While there are many aspects affecting cultural survival from outside the tribes themselves, there is also an internal struggle that outsidersRead MoreCultural Readjustment In The Native American Culture1132 Words   |  5 Pagescontributions made by the Native Americans culture to the present day American culture especially in the major areas of art, governance, language, and food eating habits. On settling in North America for the first time, the Europeans encountered a different and completely unfamiliar culture of the Native tribes who occupied the Northern America. The Native Americans had a well-developed culture which raised a lot of curiosity among the Europeans, which was the same case among the Natives who were astonishedRead MoreVolunteering Events At Csueb. For The Volunteering Assignment,1463 Words   |  6 Pagescollege counselors are then able to share the information learned at this event with their students. This event is filled with information about CSUEB, and community college counselors are able to hear the current information about CSUEB admissions and enrollment. Hearing the current information about CSUEB is valuable to community college counselors work. According to the Northern California Community College Counselor Appreciation Breakfast flier, during this event, community college counselors

Wednesday, December 18, 2019

Americas Unjust Drug War Essay - 1172 Words

The argument over drug reform and the current prohibition has been going on for years. It seems to be an argument between a wise parent and a young teenager, but as generations change more and more of the parents seem to switch sides. While prohibitionists say the mainstream drugs like cocaine, heroin, LSD, and marijuana are harmful and immoral, legalizers argue the opposite (Rachels 223). While they are both valid and interesting arguments the drugs named above still remain illegal. Many organizations and respected citizens have come to America’s attention in their support for drug reform or complete legalization of certain drugs. These people range from normal citizens who support the recreational use of marijuana to judges and ex- law†¦show more content†¦Some prohibitionists just believe that drugs are immoral. An extremely outspoken opponent of decriminalizing drugs is William J. Bennett who said, â€Å"Law enforcement is not a political option or a policy quest ion; it is a moral imperative† (Gottfried 76). Prohibitionists also believe if drugs were made legal they would be cheaper and more readily available and they are afraid that children could be at risk (Gottfried 77). Citizens who are for the reform of marijuana or any drug have obvious opposite feelings towards the previous statements. First of all citizens for drug reform state that although marijuana causes adverse health effects so do many other activities that are perfectly legal. Should the government outlaw alcohol, tobacco, and having unprotected and promiscuous sex (Rachels 224)? Also, the claim that drugs cause harm to family and friends can be rebutted with the fact that people are harmful to family and friends without the influence of drugs (Rachels 228-229). Alcohol is a completely legal drug and many people are killed in car accidents involving drunk drivers, yet alcohol is still not outlawed. In no way am I condoning driving under the influence, but it is a thought provoking argument. A great argument made by supporters of drug reform is a question posed by Michael Huemer. He says â€Å"is it unjust for the state to punish people without having a good reason for doing so?† ( Rachels 229). With validShow MoreRelatedWar on Drugs in America Essay991 Words   |  4 PagesMichael Huemer: â€Å"America’s Unjust Drug War† In the essay â€Å"America’s Unjust Drug War† by Michael Huemer, Huemer discusses the facts and opinions around the subject on whether or not the recreational use of drugs should be banned by law. Huemer believes that the American government should not prohibit the use of drugs. He brings up the point on drugs and how they harm the users and the people in the user’s life; he proves that the prohibition on drugs in unjust. Huemer believes that drug prohibition isRead MoreMass Incarceration During The United States1322 Words   |  6 PagesMrs. Gallos English 3 Honors 30 March 2017 Mass Incarceration in the United States There are too many people in prison in our country and any people in prison today are non-violent drug offenders. The American war on drugs has targeted people in poverty and minorities, who are more likely to be involved in drug use. This has created a pattern of crime and incarceration and â€Å"...[a] connection between increased prison rates and lower crime is tenuous and small.† (Wyler). The prison system in ourRead MorePresident Richard Nixon s The War On Drugs1335 Words   |  6 PagesStarting in 1971, President Richard Nixon declared the War on Drugs. He stated, â€Å"America’s public enemy number one in the United States is drug abuse. In order to fight and defeat this enemy, it is necessary to wage a new, all-out offensive.† The War on Drugs aimed to fight against a supply and demand epidemic that had America at its knees. Nixon’s policies blatantly reflect society s attitude regarding the trafficking of illegal narcotics. In 1973, Nixon init iated an interdiction effort in MexicoRead MorePositive and Negative Impacts of the Sixties Counterculture1532 Words   |  7 Pagesthe transformation that hippies cultivated, have found the will to persist in revolutionizing social and political policy. Their alternative lifestyles and radical beleifs were the shocking blow that American culture-- segregation, McCarthyism, unjust wars, censorship--needed to prove that some Americans still had the common sense to care for one another. The young people of the sixties counterculture movement were successful at awakening awareness on many causes that are being fought in modern AmericanRead MoreAmericas War on Drugs - The Prison Industrial Complex Essay911 Words   |  4 PagesAfter viewing the documentary: Americas War on Drugs - The Prison Industrial Complex, it is clear that the Criminal Justice System is in desperate need of reconstruction and repair with policies such as the mandatory minimum sentencing act which has proven to be unsuccessful and unjust in its efforts to deter criminals from committing illegal acts as seen with the increase of incarcerations of the American people and the devastating effect it has had on those in prison and the family members ofRead MoreThe War On Drugs And America s Drug Problem1878 Words   |  8 PagesSpitz D Block 5/19/2016 The War on Drugs Based on the success and failures of the drug policies of the past, what is the best strategy for the United States to implement to help America’s drug problem? Throughout time, United States drug policy has shifted dramatically. From all drugs being legal to Prohibition and the War on Drugs, the US has had conflicting ideas about what is best for society and American citizens when it comes to drugs. The current War on Drugs has resulted in countless arrestsRead MoreThe Geo Group : A Case For Human Rights Watch965 Words   |  4 Pagescompanies are not really acting like probation officers at all but debt collectors,† says Chris Albin-Lackey, Senior Researcher for Human Rights Watch. Someone can easily be thrown back in jail if they simply get behind on those payments, fail a drug test, miss a parole appointment, or fail to maintain employment. Two thirds of parolees in the year 2000 were sent back to prison from those types of technical violations, rather from actual crimes. In addition, 87% of people in 2008 who were facingRead MoreThe Legalization Of Illegal Drugs1262 Words   |  6 PagesBefore President Richard Nixon declared drug abuse as America’s number one public enemy in 1971, the United States already had a long history of combating the use of illegal drugs. The first of its kind was the legislation that passed in San Francisco in 1875. This newly passed legislation banned the smoking of opium. However, this legislation seemed to be racially motivated. San Francisco citizens believed that Chinese men who resided in the community, and who were highly regarded as opium smokersRead MoreRacial Disparities2051 Words   |  9 PagesRacial Dispariti es in America’s Judicial System The mandatory imprisonment policies written for the judicial system are creating disparity of minority inmate population primarily due to non-violent drug crimes and the unjust mandatory minimum sentencing laws. America’s prisons are the most populated in the world, and they are disproportionately populated by minorities due to the set of mandatory imprisonment policies set in place. Over the past five decades, the disparity between races has widenedRead MoreRhetorical Analysis Of Frederick Douglass s The Great Principles Of Political Freedom And Of Natural Justice 1723 Words   |  7 Pagesprominent issue that shaped not only America’s history but as well as Canada’s. Slavery played a crucial role in the development of today’s modern day economy. They had implemented labour power imperative to establish and advance the new world coming into place. They provided cheap labour that increased plantation products creating mass consumer markets encouraging European shipping and manufacturing. Despite these advancements slavery was inhuman and has stained America’s history, which is reinforced by

Tuesday, December 10, 2019

Account and Auditing Planning Memorandum

Question: Discuss about the Account and Auditing for Planning Memorandum. Answer: BEGA CHEESE LIMITED AUDIT PLANNING MEMORANDUM Prepared by : Reviewed by : Date : 1. TERMS OF ENGAGEMENT The audit planning will help to determine and analyse the financial position and risk associated with the company. The terms of engagement shows the terms and condition between the company and the audit firm. Therefore, the auditors will specific guidelines and procedures to handle the engagement (Braiotta, 2004). It refers to the initial stage of the audit during which the firm notifies that the client has accepted the work of audit and clarifies that the firm has understood the purpose and scope of audit. The audit firm ensures that the information provided by the company is fair and accurate that will help to audit the financial statements. 2. BACKGROUND INFORMATION 2.1 Business Risk Factors Financial statement is considered to be helpful for several users as it provide platform to determine the financial health of the company. Business risk is determined based on the financial ratio calculation which is done from the company financial statement (Elliott and Elliott, 2008). 2.1.1 Factors that increase risk Increase in liability and debt of the company increase the current ratio which decreases the chance of the company to meet the current obligation. This lead to the liquidity business risk. Several other key factor also increase the chance of risk such as if auditor manipulate with the profit data increase the chance of solvency as the company will report false profit margin which will throw negative impact on the company overall reputation which will eventually force the investor and other user of the financial data to quit from investing in the fraudulent company (Holton, 2012). Decrease in the finance leverage and return on equity and return on asset increase the chance of the solvency risk as the quick ratio of the company will fall below one. 2.1.2 Factors that decrease risk Increase in the return on asset and return on capital employed increase the revenue which eventually increase the gross profit margin. The company current ratio above one suggests that the company is able to meet its current obligation which decreases the chance of liquidity risk and solvency risk of the company (Paramasivan and Subramanian, 2009). 2.2 Internal Control Environment Internal control environment is broadly defined as one of the primary process which is affected by an entity of the board of director, shareholders and other key management personnel, framed to provide suitable assurance related to the accomplishment of the aim and objective (Saxena et al., 2010). Internal control environment depend on three basic categories which are effectiveness of the operation which specify on basic business objective which consist of profitability and performance aspect. Second is reliability of financial reporting which helps to assure that the financial data is accurate and dependable (Spiceland, Sepe and Nelson, 2011). Third is compliance with applicable law and regulation which deal with complying with the key laws and regulation. Internal control regulate at various level of effectiveness internal control can be easily examined and judged based on the effectiveness of the three basic levels, if the management or board of director have sufficient assurance that they understand the level to which the company operation can be accomplished. The first level of control define that the prepared and published annual report are accurate and reliable to follow. Second the applicable law and the respective regulation are being complied with the laws (Stittle and Wearing, 2008). Thirdly the internal control is a key process which show the overall effectiveness which is considered to be a state or a condition of the key processes a one or more point in time. Control environment is considered to be vital for the organization or any firm as it help to set the tone of the organization which is considered t be primarily influencing the control consciousness of its management. It is considered to be the foundation of the all the other core component of the internal control which help to set the platform for providing the discipline and key structure. 2.3 Risk of Fraud for Bega Cheese Limited 2.3.1 Discuss whether you consider there to be any accounts susceptible to asset misappropriation Asset misappropriation is basically due to the misstatement which leads to the involvement of the theft of entitys asset either through employee or from external source in come peculiar cased however through top management or the internal sources of the organization. Misappropriation of asset is considered to accompany by irrelevant record or manipulative records or the key document in order to once the theft (Holton, 2012). From the overall analysis of the company financial data and statement it is clear that there no such account susceptible to asset misappropriation exist as the company is showing its complete financial data and the financial statement is audited by both internal and external auditor. The external auditor report suggest that the company have maintained the code of ethic and compliance with the accounting standard which helps the comapyn to provide the actual and reliable financial data incurred for the given fiscal year. 2.3.2 Discuss whether you consider there to be any accounts susceptible to fraudulent financial reporting The sales, expense, account receivable and account payable can be misstated in the financial statements. The misstatements can lead to increase or decrease in the value of the company. The misstatements affects the total financial value of the company. 3. PLANNING MATERIALITY 3.1 Brief Justification of materiality base selected and percentage applied The planning materiality will help to analyse the financial situation of Bega Cheese Limited and also helps to provide crucial information to the shareholders. The investors analyses the financial position of the company and take investment decisions. The planning materiality helps to determine the risk of Bega Cheese Limited and it is estimated as per the rules stated by AASB 1031. The materiality misstatement is to be calculated on an appropriate base as well as applying percentage on it. The judgement is based on the value of the financial report of the company (Annual Report, 2016). The percentage materiality is to be estimated on the basis of profit margin of the company. The issue of debt and equity shows the capital structure of the company. The valuation of items included in current liabilities and current assets is to be valued appropriately in the financial position statements of the company. The investors and shareholders attracts towards the company after evaluating the m ateriality of the company. 3.2 Base amount selected and percentage applied The materiality of Bega Cheese Limited is estimated at 0.30%. The materiality level of the organization is as follows: Materiality level = 0.30% * $11666 = $34.99 The planning materiality of Bega cheese limited has been calculated on the basis of net income of the company during a specific period of time. It helps the auditors to determine and evaluate the risk of the organization. The misstatement in the financial report will lead to increase or decrease in the value of the organization. The financial report of a company shows the financial position and market share of the company (Elliott and Elliott, 2008). The main aim of the audit department is to show the actual value of the company as well as determining misstatements in the accounts. The income statement shows the sales, expenses, profit or loss of the company during a specific period of time. References Annual Report, (2016). [online] Available at: https://www.begacheese.com.au/wp-content/uploads/2012/10/04-2015-ANNUAL-REPORT.pdf [Accessed 26 Sep. 2016]. Braiotta, L. (2004).The audit committee handbook. New York: Wiley. Elliott, B. and Elliott, J. (2008).Financial accounting and reporting. Harlow: Financial Times Prentice Hall. Holton, R. (2012).Global finance. Abingdon, Oxon: Routledge. Paramasivan, C. and Subramanian, T. (2009).Financial management. New Delhi: New Age International (P) Ltd., Publishers. Saxena, R., Srinivas, K., Rai, U. and Rai, S. (2010).Auditing. Mumbai [India]: Himalaya Pub. House. Spiceland, J., Sepe, J. and Nelson, M. (2011).Intermediate accounting. New York: McGraw-Hill Irwin. Stittle, J. and Wearing, B. (2008).Financial accounting. Los Angeles: SAGE Publications.