Toll Brothers is one of America’s largest home builders with annual revenues in excess of $5.8 billion. The company’s inventory consists of land acquisition costs, land development costs, home construction costs, and overhead costs related to development and construction. In accordance with generally accepted accounting principles (GAAP), Toll Brothers treats its inventory as a long-lived asset rather than a current asset because its master planned communities can take up to 10 years to fully develop.
While Toll Brothers’ industry has some unique attributes relative to most manufacturers, it is an industry well-suited for job-order costing. For example, each new home that the company builds can be accounted for as a job that gets assigned direct material costs (such as lumber, shingles, and bricks), direct labor (such as subcontracted electricians, plumbers, and roofers), and overhead costs (such as the costs of construction supervisors and the equipment that they use to perform their jobs).
Source: Toll Brothers 2017 Annual Report
Accounting for certain type of assets can vary depending on the industry. As the above case indicates, assets for the construction industry may deviate from GAAP. GAAP conventionally treats assets as current or long-lived with the typical distinction being one year – that is, current assets are those with lives of less than one year whereas long-lived (plant) assets are one year and longer. The home construction industry as stated above for Toll Brothers has nonconventional treatments for assets. The agricultural industries also have nonconventional practices that are written in professional standards. Technology or software development companies may use nonconventional accounting practices as well.
Agricultural assets may be subject to different requirements. An orchard, vineyard, or forest is an asset that may take years to prepare for usage. An example of “produce or harvest from a biological asset (for example, milk, tea leaves and lumber) is inventory. Typically, inventory is a current asset for which the item is recorded at cost. However, for agriculture, the harvested produce is transferred to inventory at fair value less costs to sell; it is thereafter accounted for in accordance with International Accounting Standards (IAS) 42, “Inventories”. However, while the produce is still growing or still attached to the biological asset, its value forms part of the value of the biological asset. The unique requirement for agricultural assets makes exception from standard conventional accounting practices.
If you work in a sector (healthcare, technology, construction, or agriculture sectors), you probably formulate forecasts for the different types of assets with nonconventional accounting practices. When accounting standards allow nonconventional usage of accounting practices, typically the footnotes in the Comprehensive Financial Report will so note such deviations.
Tableau has data modeling packages for forecasting purposes for forecasting purposes that illustrate data analytics relating to the reporting of metrics for the various sectors or industries (construction, agriculture, health care, etc.). Tableau can powerfully illustrate different data models.
For the Unit 2 Discussion, research and analyze a publicly traded company noting their adherence to conventional accounting practices. From their Comprehensive Financial Reports and footnotes, describe to which type of accounting practices they adhere. If they use nonconventional accounting practices like the construction or agricultural industries above, describe the nature of any exceptions. If their accounting policies are standard (conventional) so note that characteristic. If you find companies or industries that further deviate from conventional accounting practices (GAAP), address such deviations. Justify those differences with sound explanations and acceptability within the accounting world. If your company or industry uses GAAP or IFRS or standard accounting practices, state this and clearly explain there are no exceptions.
Describe the companies or industry that you choose to research and identify how their accounting practices conform or deviate from conventional accounting practices (GAAP). Justify any differences with sound explanations and acceptability within the accounting world. Identify and describe the methods that are used.
Submission Requirements
This report should:
be prepared as a Microsoft™ Word document and attached to the unit discussion thread.
explicitly address all required components of this discussion assignment (There is no minimum or maximum in terms of the word count).
be consistent with the most current APA writing style
reflect higher level cognitive processing (analysis, synthesis and or evaluation).
Tag: Business
IT 210 Bus Systems Analysis/Design
Learning the terms, acronyms, and technologies of your business is imperative when trying to understand how technology can help your business. In this discussion, we will examine these technologies, terms, and organizational strategies.
First, introduce yourself to the class. Include your major and anything you would like to share about yourself. Then address the prompt below. The role of the business analyst or systems analyst is to help develop the systems that will solve problems using the business needs or requirements gathered from employees at various levels. As an informed user, you should understand the value that these systems bring to an organization, including staying up-to-date on the latest technologies, and making informed decisions on new and improved technologies so management and the business/systems analysts can understand business needs/requirements.You will read the closing case “IBM’s Watson” PDF. After reading the case study and completing additional independent research, address the following:
What is the role of technology in business?
Provide an example (or examples) of a technology from the glossary PDF being used in business.
Respond to two of your peers’ initial posts and consider the following:
What are some strategic advantages that the technology described by your peers can provide to a business?
Provide examples of companies using the same technology, and explain how they use it to gain a competitive advantage. Post the URL of the company you use.
To complete this assignment, review the Discussion Rubric PDF document.
Bussiness Discussion
📋 MAIN DETAILS: Critically consider the following statement: “Business should be entirely free to act as it pleases as consumer pressure is a sufficient check on its behavior”
The good thing is it’s our opinion so there is no right or wrong, We just have to write about the subject and include references. Include at least 4 scholarly references from the last 5 years in the paper.
Task #4 Six Thinking Hats
PurposeThe Six Thinking Hats approach is called “Lateral Thinking” and/or “Parallel Thinking.” Hats are a metaphor for putting on one’s “thinking cap.” This model is a simple technique that encourages cooperation, exploration, and innovation, all under the umbrella of metaphorically applying six colorful “hats.” It is designed to focus “thinking energy” in one direction. In this approach, people engage in objective fact-finding together, discuss the positive aspects of an idea(s), and mutually explore the risks and/or the disadvantages of the idea(s) in the spirit of play. Those who feel that they are part of the process are more likely to accept and/or buy into the outcome. In this approach, people often end up with a better appreciation of others’ positions. It is an example of focused team thinking where consensus is the goal. The result of this task should be helping you with parts of your SLP.
Assignment BackgroundIn developing an approach based on Task #4, the project manager’s primary role is to encourage and facilitate full team involvement in understanding how the use of the Six Thinking Hats approach can keep team meetings moving smoothly and generate novel ideas at the same time. In addition, the project manager will also act as the subject matter consultant and/or the expert on the use of the Six Thinking Hats and make sure that each team member has the opportunity to be placed on one of the team meeting agendas to use this leadership thinking approach. Hopefully, increased idea creativity and new ways of thinking will enhance the team’s productivity.
Now, with you doing an SLP, this concept can be viewed a bit differently. This will help you complete parts of your project and think about whether your potential recommendations would work for your client.
THE SIX THINKING HATS
Refer back to the Module 8: Learning Resources page for information on the Hats and how you apply each hat’s role as you work on this SLP. However, if you’re working on the ARP instead of the SLP, you’ll want to review the approach example on Module 8: Learning Resources page.
AN EXAMPLE OF APPROACH FOR THIS TASK (FOR THE ARP):
White Hat Thinking – responsible for facts, figures, and/or objective informationit describes what is there for the team to use
Red Hat Thinking – responsible for emotions, feelings, hunches, intuitionit lets the team members tell how each of them feels about a situation
Green Hat Thinking – responsible for creativity, idea generation, provocative thoughts, lateral thinkingit comes up with new ideas, possibilities, and/or alternatives to be considered
Black Hat Thinking – responsible for negative thoughts, playing the “Devil’s Advocate”a cautious approach that identifies what is wrong with an idea and/or why something will not work
Yellow Hat Thinking – responsible, positive, logical, constructive thoughtsit sees the good in ideas and acts in a cheerleading mode
Blue Hat Thinking – responsible for controlling the process, directing attention to the other “hats” as necessaryit serves to summarize and point the process in the proper direction
InstructionsIn the course of completing the SLP, I hope that you will have the opportunity to use the Six Thinking Hats approach to share and/or facilitate a brief meeting either with your client or with the interviewees that you will include the context/results in your project. You will then report on how the model worked and whether or not it was helpful to the progress of the project.
The results of doing this task should help you with many parts of your project. This report should be no longer than four (4) double-spaced pages in the written summary and should include the following components that are to be completed by each student (yes this is individual work, not a group work):
First, describe the problem and/or issue discussed using the Six Thinking Hats approach in 2-3 sentences.
Next, describe in detail how the “hats” were used to guide the team through developing a solution and/or answer(s) to the problem and/or issue. Were you and your team members able to think in one direction?Include an example or two from the team meeting. Be sure to cite which “hats” were the most helpful and which “hats” (if any) did not seem to contribute much to the Six Thinking Hats.
Provide an opinion, based on your observations of its overall use for the team, on the Six Thinking Hats model. Would you use it again? Why or why not?
References: You still need three references for this writing. One reference is from our textbook, and the suggested chapters for this task include Chapters 7 and 8.
NOTES ON APA:
Since this is a small paper you will not need to have the abstract section but you still need the title page and the references.
bus 372 employee
Preparation for collective bargaining involves six steps. In this discussion forum, you will assess the steps and procedures in the collective bargaining process.
Prior to attempting this discussion forum,
Review the Week 5 Lecture.
Read Chapter 9 and Chapter 10 of the textbook.
Read How the Collective Bargaining Process Works and pick a collective bargaining step to discuss.
In your initial discussion forum post,
Identify which collective bargaining step you chose.
Describe in detail what happens in this step.
Assess the six collective bargaining steps.Which of the steps do you think is the most important and why?
Which step is the least important and why?
What would happen if you eliminated one of the steps?
Define collective bargaining in your own words.
Explain the goal of collective bargaining.
PACE 111B: DAACS Discussion
This week, you used the Diagnostic Assessment and Achievement of College Skills, or DAACS, to assess your college readiness in the subject areas of reading, writing, math, and self-regulated learning. Your Summary Report provided you with feedback and resources that you can use to increase your chances of success here at UMGC. Wed have incorporated this assignment in your PACE course because research shows that students who use DAACS are significantly more successful than those who do not.
In this Discussion forum, please share some examples of how you can use what you learned from DAACS in your time here at UMGC. Please post your reflections on taking the DAACS assessment by answering one of the following prompts:
What is one area of reading, writing, math, or self-regulated learning that you could improve, according to DAACS? What feedback or resource within the DAACS could support you in improving in this area?
What is an area in which you did really well? How might you capitalize on your strengths to succeed in college? Please explain.
What is an area of self-regulated learning that you committed to improving in your essay? What strategies did you identify that can help you improve? What can you do to follow through on your improvement plan, this semester and beyond, with specific strategies?
When you explored the links to recommended resources in your feedback, what did you learn there? Thinking of one or two, how will they help you? Would you recommend the resources to others? If not, what might be more helpful?
To maintain the pace of your course progress, post your initial response to the discussion question by Sunday of Week 2 (11:59 ET). Then, please respond to postings from at least two classmates by the end of Week 2 (11:59 ET on Tuesday.) In your posts to classmates, please share positive feedback on their posts or offer an experience of your own that is similar, explaining how you plan to use DAACS in a similar or different way.
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BEHS 220 Discussion 2
This week’s resources focused on two concepts: privilege and intersectionality. Privilege is the idea that our society values some identities over others and assigns those higher-value identities more power and prestige than others. An obvious example of this is rich over poor (or upper class over everyone else). In the US, people of the highest economic status have more political power and more social prestige than those of the lower ones. Many other identity characteristics, like age, gender, sexuality, race, disability, level of education, marital status, and so on have similar divisions between high- and low-prestige states.
Intersectionality is the idea that people have more than one identity characteristic and the way that those interact can increase or decrease the level of advantage or disadvantage that an individual (or group of individuals) experiences in a situation.
Use and cite at least two of this week’s resources in your responses to the following questions:
Identify one part of your identity where you may have privilege relative to others. How is your privilege demonstrated? Using terms from this week’s resources, why is it important to understand that you have privilege in this area?
Identify one part of your identity where you are at a disadvantage relative to others. How is your lack of privilege demonstrated? Using terms from this week’s resources, what does this reveal about our society?
Do you have equal privilege (or lack of privilege) in all situations? Why or why not?
Provide your initial post by 11:59 pm on Sunday. Your initial post should be at least 200 words in length, excluding the discussion prompt and the references. Please use in-text APA citations within your post as well as full APA references at the end of your post.
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BEHS 220 Open Forum
This discussion forum is an opportunity for you to explore topics that interest you; share critical insights and questions that you are working with; share your struggles and triumphs; and discuss difficulties that may have arisen this week. Your initial post should describe your experiences in the course this past week, prompting further discussion. Address at least two of the following questions:
What caused you to view the world around you differently or examine a topic from a different perspective?
What struck you as you explored the course materials this week?
What insights have you had?
What questions have come up for you at this point?
Do you have any helpful tips that you’ve picked up in this course or in a past course?
You are required to post at least 150 total words in this forum this week. You can post one time or ten times, the only requirements are that you post at least 150 words total and that you engage in conversation related to course content. This Open Discussion forum is a place for you to collaborate and connect with your classmates, as well as support one another. Ask questions, answer questions, provide extra resources you found that are interesting, or engage in a debate about something you learned this week.
All your participation in this forum is due by Day 7 of the week. Students who post early in the week and use this forum to engage their classmates on a regular basis tend to do well and get more out of the course. If you have a question for your professor, you should contact your instructor through email or in the Ask the Professor forum. Your professor will monitor this board and may post, but they are not expected to answer all questions.
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IT IS 4 questions 3Q in one file and another and one Question for case study alone
These files must not be in compressed format.
·It is your responsibility to check and make sure that you have uploaded both the correct files.
·Zero mark will be given if you try to bypass the SafeAssign (e.g. misspell words, remove spaces between words, hide characters, use different character sets, convert text into image or languages other than English or any kind of manipulation).
·Email submission will not be accepted.
·You are advised to make your work clear and well-presented. This includes filling your information on the cover page.
·You must use this template, failing which will result in zero mark.
·You MUST show all your work, and text must not be converted into an image, unless specified otherwise by the question.
·Late submission will result in ZERO mark.
·The work should be your own, copying from students or other resources will result in ZERO mark.
·Use Times New Roman font for all your answers.
Report Writing about any publicly listed (Saudi Company that operates in Europe and/or Africa)
Select any publicly listed
Saudi Company that operates in Europe and/or Africa,
and write a (minimum of 2000 word) it must be a real Saudi company. report covering the
following points Present the study report with clear Introduction and Conclusion including your own views. (minimum words: 500, marks: 3)
Using SWOT analysis, analyze the external and internal environment of your selected company. (minimum words: 900, marks: 7)
Analyze the political, economic, cultural and legal challenges the company currently faces in any of the country it operates (select one country in which the company operates for this analysis).(minimum words: 600, marks: 5)
Strengths: Explain the strengths of the selected company;
Weaknesses: Describe the areas of weakness in the company’s operations;
Opportunities: Examine factors that may improve the company’s chances of success;
Threats: Discuss the external threats to the business company’s success.
Instructions:
The Assignment must be submitted on Blackboard (WORD format only) via allocated folder.
Students are advised to make their work clear and well presented, marks may be reduced for poor presentation. This includes filling your information on the cover page.
Students must mention question number clearly in their answer.
Late submission will NOT be accepted.
Avoid plagiarism, the work should be in your own words, copying from students or other resources without proper referencing will result in ZERO marks. No exceptions.
All answered must be typed using Times New Roman (size 12, double-spaced) font. No pictures containing text will be accepted and will be considered plagiarism).
Submissions without this cover page will NOT be accepted.