Analysis of Wal-Mart Managerial Accounting Process

Analysis of Wal-Mart Managerial Accounting Process Table of Contents Company Description of Wal-Mart Page 3 Budgeting Process Page 3 Management Accounting System Page 4 Costing System Page 5 Capital Decision Making Process Page 6 Capital Structure Page 6 Project Conclusion Page 7 Information Sources and Methodology Page 8 References Page 8 Company Description For the final project of managing finance Wal-Mart Stores Inc is chosen as the discussion target. Being one of the grocery retail shop leaders in the world, Wal-Mart (WM) operates business with 10,000 retail units in 27 countries with about USD444 million of sales in 2012 (Wal-Mart homepage 2012).†¦show more content†¦The accounting information from MAS of WM helps in planning, controlling and other managerial activities. Their system also able to come up all kind of alternatives with integrated accounting information which assist management to find out the best strategy for organizational effectiveness improvement (Wal-Mart homepage 2012). WM disseminate managerial accounting information through budgets for all departments which help all departments to facilitate proper integration in all kind of activities within the company. WM currently uses Vision Suite accounting software that includes different aspects of finance like AR/AP, general ledger, check writing and external accounting integration. This software is faster and relatively cheaper and generates accounting documents automatically. Through this, many types of useful reports can be generated for management to make decisions. On the other side, it can be susceptible for computer viruses and hackers. In absence of proper control and security, it can create problems for the confidentiality of the company (Gilbertson Lehman, 2008, p. 6, 437 ). Costing System In term of costing process, WM is focus on inventory control since that is the most important part of their business to determine its profitability. To determine the cost of inventory, WM uses several costing method. In order to reduce inventory cost as well as determining accurate cost ofShow MoreRelatedDesperately Seeking Synergy and Competing on Capabilities Reaction Paper1052 Words   |  5 Pagesthe writer included in his article about the four managerial biases because it’s true that all too often, the managers are the ones being blamed for the failure of a synergy program, when the ones who really are to blame are the corporate executives themselves. These four biases will help corporate executives evaluate better the managers and themselves, be more aware of the situation, and be able to make more successful synergy programs. 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Portrayal Of A Patient With Borderline Personality Disorder

Kathryn Merteuil, the primary antagonist in Cruel Intentions, is the master at manipulating both men and women. She is the most popular girl at her school and bases the entirety of her self-worth on her perception that everyone either wants her or wants to be her. In order to maintain her appearance, Kathryn binges and purges and has a heavy cocaine addiction. Although well liked and popular, Kathryn holds no stable relationships and is easily upset and irritated when things do not go her way. Although this film’s focus is not Kathryn’s mental health diagnosis, Kathryn’s actions and unstable emotions are arguably that of a patient with Borderline Personality Disorder. In order to be diagnosed with Borderline Personality Disorder (BPD), a patient must show â€Å"impairments in personality (self and interpersonal) functioning and the presence of pathological personality traits†, all of which are listed in the fifth edition of the American Psychiatric Ass ociation’s Diagnostic and Statistical Manual for Mental Disorders (2013). According to the DSM V, a patient must have an identity disorder which includes having â€Å"unstable self-image, often associated with excessive self-criticism† (American Psychiatric Association, 2013). A patient must also demonstrate impairments in empathy, which involves a â€Å"compromised ability to recognize the feelings and needs of others associated with interpersonal hypersensitivity† (American Psychiatric Association, 2013). 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Strategic Management and Stakeholder Significance Grid Free Essays

Business Strategy- ASSIGNMENT #1. Outcome| Evidence for the criteria| Detail criteria| Check| Understand the process of strategic planningLO1| 1. 1. We will write a custom essay sample on Strategic Management and Stakeholder Significance Grid or any similar topic only for you Order Now Explain strategic contexts and terminology – missions, visions, objectives, goals, core competenciesChapter 1| Role of strategy | | | | Missions | | | | Visions | | | | Strategic intent | | | | Objectives goals | | | | Core competencies | | | | Strategic architecture | | | | Strategic control| | | 1. 2. Review the issues involved in strategic planningChapter 6| Impact on managers | | | | Targets | | | When to plan | | | | Who should be involved | | | | Role of planning| | | 1. 3. Explain different planning techniquesChapter 6| BCG growth-share matrix| | | | Directional policy matrices| | | | Space| | | | PIMS| | Be able to formulate a new strategyLO2| 2. 1. Produce an organisational audit for a given organisationChapter 3| Benchmarking | | | | Swot analysis | | | | Product positions | | | | Value-chain analysis | | | | Demographic influences | | | | Scenario planning | | | | Synergy culture and values. | | | 2. 2. Carry out an environmental audit for a given organisationChapter 2| PESTEL| | | Political | | | | Economic | | | | Socio-cultural | | | | Technological | | | | Environmental | | | | Legal | | | | Porter’s 5 force| | | The threat of new entrants | | | | The power of buyers | | | | The power of suppliers | | | | The threat of substitutes | | | | Competitive rivalry | | | | Collaboration| | | 2. 3. Explain the significance of stakeholder analysisChapter 1| Stakeholder significance grid | | | | Stakeholder mapping| | Merit and Distinction: Criteria 1. : future direction of the competition, needs of customers, gaining and maintaining competitive advantage, Ansoffs growth-vector matrix, portfolio analysis. Criteria 1. 2: informal planning, top-down planning, bottom-up planning, behavioural approaches. Criteria 2. 1: the Ansoff matrix, growth, stability, profitability, efficiency, market leadership, survival, mergers and acquisitions, expansion into the global market place. Business Strategy- ASSIGNMENT #1 (S04) Outcome| Evidence for the criteria| Detail criteria| Check| Analyze how the business environment is considered in strategy formulationLO1| 1. . Define the context of business strategyChapter 1| Role of strategy | | | | Missions | | | | Visions | | | | Strategic intent | | | | Objectives goals | | | | Core competencies | | | | Strategic architecture | | | | Strategic control| | | 1. 2. Explain the significance of stakeholder analysisChapter 1| Stakeholder significance grid | | | | Stakeholder mapping | | | 1. 3. Conduct an environmental and organizational audit of a given organizationChapter 2Chapter 3+4+5| Political | | | | Economic | | | | Socio-cultural | | | | Technological | | | Environmental | | | | Legal | | | | The threat of new entrants | | | | The power of buyers | | | | The power of suppliers | | | | The threat of substitutes | | | | Competitive rivalry | | | | Collaboration| | | | Benchmarking | | | | Swot analysis | | | | Product positions | | | | Value-chain analysis | | | | Demographic influences | | | | Scenario planning | | | | Synergy culture and values. | | | 1. 4. Apply strategic positioning techniques to the analysis of a given organizationChapter 4+5+6| BCG growth-share matrix| | | | Directional policy matrices| | | Space| | | | PIMS| | Understand the process of strategic planningLO2| 2. 1. Demonstrate an ability to think strategicallyChapter 6| Futuredirection of the competition| | | | Needs of customers| | | | Gaining ; maintaining competitive advantage| | | | Ansoffs growth-vector matrix| | | | Portfolio analysis| | | 2. 2. Prepare a strategic plan for a given organisation, based on previous analysisChapter 6+7| Impact on managers | | | | Targets | | | | When to plan | | | | Who should be involved | | | | Role of planning| | | | Planning systems| | How to cite Strategic Management and Stakeholder Significance Grid, Essay examples

Value of Marriott Corporation Business Plan

Question: Discuss about theValue of Marriott Corporation Business Plan. Answer: Introduction The excellent business plan for Marriott will enable the company to enter into contract services and lodging businesses quickly and thus make the company be the most valued employer and services provider in the market. The use of divisional hurdle rates by Marriott will in the long term impact on the economic productivity of the company. The financial strategy of Marriot to invest in projects that maximise shareholders wealth would in return build confidence on the operations of the company to the outsiders. Further, with repurchasing of undervalued share prices, the company will be able to regularly repurchase its leased stock whenever the market price goes substantially lower than its equity cost of capital. Also, with the optimisation of the utilisation of debt in Marriott's capital structure will enable the company to assess its overall capability of servicing the outstanding debts[1]. This business plan requires that the projects for the company get audited as used so as to maintain preferable checks and updates in the most standardised manner. The proper auditing of the projects lives, macro data, and margins will assist all divisional managers to have discretion over unit specific assumptions which conform to the operations and capital of Marriott. Further, Marriot will be able to build confidence in the policies it has put in effect as stated in the business plan about the warrant value than it could have been if based on the daily analysis of the market price of its hotel inventory. Furthermore, this program of activities has a significant value in assisting Marriot to accurately measure the opportunity cost of capital as well as risks accompanying the market value of the debt and equity capital. This helps the manager's design approaches for measuring and controlling the financial and market risks[2]. References Kaplan, R., Anthony, A. (2015). Advanced management accounting. PHL Learning. Marriott Corporation: The Cost of Capital (Abridged), 9-289-047 (April 1, 1998).