Controller Case Studies Samples For Students

Scenario 1

Since Johnson Corporation repurchased the shares for purposes of resale and not for constructive retirement, they are treated as treasury shares. Gain on sale of treasury stock is treated as a capital surplus. The Controller of Johnson Co. should credit the amount in the capital surplus account. On the date of repurchase of these shares, an entry is made to reduce capital by the cost incurred by the firm to repurchase the shares.

The Controller should make the following entry:

DR Treasury Stock 700
CR: Capital Surplus/ 700
Specific reference and associated literature
ASC 505-30 states the guideline for the treatment of gains on ...

Business

VENTURA COUNTY TRANSPORTATION COMMISSION (VCTC) FISCAL YEAR 2015/2016
VENTURA COUNTY TRANSPORTATION COMMISSION (VCTC) FISCAL YEAR 2015/2016

The Ventura County Transportation Commission (VCTC) or generally the commission was developed by the Senate Bill in 1880 under Chapter 1136 of the well known Public Utilities Code. It was developed in order to counter the defects of the previous body and for this case was identified as the major successor agency to the previous that existed Ventura County Association of Governments (VCAG). The body was succeeded under the conditions of assuming all the overlying assets and liabilities that were overlying. The ...

Based upon the FTCA, determine if the federal government and or the air traffic controller is potentially liable to the victims of the accident. Explain why or why not
The FTCA gives the limited waiver of government sovereign immunity when the employees are negligent within their scope of the employment. Therefore, the federal government is not held responsible and liable to the victims of the accidents. It gives that the government shall not be responsible when the agent commits torts of assault, false arrest, abuse of process, slander, deceit, battery or interference with the contract rights. They are also ...

Ubuntu 15.04 Linux Implementation Proposal.

Introduction:

HACKD, LLC’s move to launch a new research and development group christened, CWE is a welcome move for the organization to streamline research operations, and to develop innovative products and services. The proposed CWE group systems are expected to run on the Ubuntu Linux 15.04 operating system that will access and share resources with the Microsoft Active Directory (AD) domain at HACKD, LLC. The AD domain comprises several servers running Windows Server 2012 R2 providing various services such as DHCP, DNS, file sharing, Microsoft Active Directory, printing and web services. HACKD, LLC also has a mix ...

The Background and the legal process

Brazos manufacturing company is an internationally acclaimed company that deals in spare parts of reputable automobiles. The company has a large organizational structure that deals involve several employees. It has many Vice presidents, an Executive vice president and a president. The executive vice president is in charge of the operations of the company. The vice presidents of the companies were requested to cut their costs. The Executive vice president continued with his flashy lifestyle. He attended the most expensive Italian restaurant in Los Angeles.
The company controller, Jack noticed the executive vice president fraudulently used the company’s resources. The ...

- Who are the various members of the buying center that Larry should take time to get to know? What role or roles within the buying center is each person filling?

Buyer-The National Agri-Products Company.

Initiators-Vicki was the initiator as she was the one who noted that quality equipment would be needed to produce high-quality corn syrup.
Deciders- Sue was the decider. She was to get the equipment specifications from Vicki and authorize the acquisition of new equipment.
Controller-Greg was a controller. His main concern was production of the corn syrup in an efficient manner and making sure that his maintenance people ...

Major facts

The case study focuses on Eastern Gear Inc., a firm that manufactures gears according to customers’ specifications. The firm has been in existence since 2007 to date. The firm has, managed to grow in terms of annual sales. However, it experienced a loss in the first two years of operation. The firm’s management comprises of the president, a sales manager, an engineer, a production supervisor, an expediter, and a controller.
The president arranges for the financing of the company while also handling contracts with large customers. The company engineer designs the company’s products. He also maintains the production equipment while procuring ...

Statement of the Problem: Shelby Shelves which produces two varied shelves meant to be used in the grocery stores is concerned about changing its next month’s production plan. The two different shelves produced are S and LX. Shelby Shelves is a small time company which due to the fierce competition that is prevalent in the market needs to think twice before offering its product at a costlier price. The company by revising its production plan for next month wants to augment its profit volumes. Since, pricing the products at a higher range is not an option for the company, Shelby Shelves ...

The assumption that changes are as good as rest is not always taken positively when it is eventually put into practice. Often than not, reorganization is feared and strongly resisted because it brings around disturbances of the status quo, a threat to individuals vested interests in their jobs. Sometimes changes are altered resulting in a loss of effectiveness and an increase in costs. Vehement resistance to cultural, ethical and professional changes as is witnessed in the New Zealand Police Unit.
The top brass in the New Zealand Police though some in subtle ways is up in arms against almost ...

Abstract

This paper documents the tasks involved in the implementation of Access Control System (ACS) in a college dormitory. ACS assures of a protected and convenient college life for students, faculties and staffs. ACS concentrates on controlling physical access to buildings and events at a minimal operational cost. This system helps to respond quickly to a critical situation by tracking the location of the suspicious person. ACS can assure students’ parents of providing a harmless and tenable campus for their child.

Access Control Systems in general concentrates on controlling physical access to campuses and building as well as logical access ...

1. What is the underlying mechanism of M.A.'s asthma? What are the three airway responses that occur during an asthma episode?

An autoimmune response to allergens from cats and plants is the underlying mechanism for the patient’s condition. These allergens, though nonpathogenic, trigger an inflammatory cascade wherein lymphocytes, eosinophils, mast cells, neutrophils, macrophages and dendritic cells exert their effects on the respiratory tract (Linzer 87). As an example, B lymphocytes synthesize immunoglobulin E which helps signal the release of histamine, leukotrienes, prostaglandin and cytokines which are proteins that promote vasodilation and hyperactivity in mucus-producing goblet cells (Murdoch & Lloyd 27). Prostaglandin causes the smooth muscles in the airway to constrict. Along with vasodilation and increased mucus production, bronchial constriction ...

In 1990, the sales manager and controller came up with recommendations for prices in the fourth quarter. The executive committee meets and approves the fabric prices. These prices are published and also sent by mail to customers. These new prices are for the coming quarter. It is one of the leaders in the textile industry. The annual sales of this company are about eighty-two million dollars. The sales people of the company get straight salaries. The full line of fabrics has a good sale. The manager of sales and controller show concern about the pricing of Traxx-30. Triaxx-30 is a blend ...

- There are two different parts of organizations are there, profit organizations and not for profit organizations (Collier, 2009). There are certain regulations that both of these organizations should comply and meet accordingly, in order to sustain in the industry for a long span of time. In this scenario, it is found that HOHO organization is about to breach the rule of expensing 25% of their donation rule. By recording the TV cost as their program cost which will also nullify the donation of the XYZ Ltd. As a financial controller of XYZ, a bold step should be taken, which is to arise ...

Introduction

Most of the renewable energy experts in the world pay more attention to wind energy. Wind energy which is referred to as kinetic energy is converted to electricity power which can be used to power homes and businesses. ( Morthorst, G & Poul, E. 2002). One of the equipments which can be used to convert kinetic energy from wind to electricity is wind turbine. It can be made in various designs which include horizontal and vertical axis wind turbines. The most common design is the horizontal wind turbine.
A wind turbine can be referred to by several names depending on ...

- TWO key negotiation fundamentals that you will employ and explain why these fundamentals are essential for this pending Subcontract negotiation (from the section 1 reading).
A successful negotiation process will aim at addressing the new changes in price, a situation that is likely to affect the terms of the main contract existing with the government. The current prime contractor (government) has already fulfilled the original set payment agreement which involves several years and if the price of the spare part increases by 25 percent, it means the negotiator has to make a counter offer to the prime contractor yet ...

Statement of the Problem

Ajax Manufacturing Company (Ajax) is a company engaged in the manufacturing of industrial products (herein referred to as Products A, B and C).

Ajax wishes to maintain an average gross margin of 35% across all its products by employing a traditional cost accounting method. This method adds the unit cost of raw materials, unit cost of labor, unit overhead costs computed by summing all overhead costs and then dividing by allocated labor hour use, and a 35% gross margin. This approach has earned the company varied results such that it has been able to sell 10,000 units of Product A at a ...

Problem Statement

Shelby Shelving is small company in the manufacturing industry that produces shelves. The shelves manufactured are in two models: model S and model LX. Model S is a standard model whereas model LX is a heavy duty model. Bothe models are produced in three major processes: the stamping, forming and assembly process. Bothe stamping and forming processes are done by machines and so the company incurs overheads costs which it accounts for using unit cost accounting principles.
Of late, the company management has noted that the profitability of the whole company is being affected by the production of model S. ...