Essays on Payroll

Careers in Accounting

The first career option for the professional with the accounting education is the audit and assurance job. The main reason for the auditing job is that it is related to the accounting standards such as IAS, IFRS and US GAAP. The main responsibility of the auditor is to inspect and review the annual financial statements of the company. Therefore, due to the professionalism, integrity and the competence level of the accountants, the professionals with the accountancy knowledge can pursue as the professional accountant. (Mally, 2015) Another career option for the professionals with the accounting education is the asset manager ...

HR and Information Technology (HRIS)

Introduction Business undertaking involves various pitfalls such as poor organizational traditions, the big squeeze, identity crisis, and organizational failure. These pitfalls continue to be inevitable in an organization until effective HR is adopted. Research has established that the creation of consistent and sustained competitive advantage is achievable through effective HR (Pouransari, Al-Karaghouli, & Dey, 2016). Human resources must be managed well for the success of an organization. Every individual working in an organization plays a contributory role in its management. Tarawneh (2012) argued that since human resources are needed in all aspects of business operations ranging from production to marketing, ...

Part A:

Preliminary Field List Employee ID Employee First Name Employee Last Name Home Phone Work Phone Type of employee Reporting Station Physical work location Current Salary Old Salary Payroll date Net Pay Expenses Reimbursed Bonus or extra pay Preliminary table list Employee Payroll Description of methodology for refining the lists: The process of refining the lists above will mainly involve two methods, which are using the list of subjects, and using the mission objective. The first method (using the list if subjects) will involve merging the list of subjects with the preliminary table list. In this case, the list of ...

Introduction

HRIS is an essential tool in large corporations as it helps in connecting HR management with all departmental roles. Technology is the key tool that connects organization systems and HR software. The HRIS allows the human resource management activities and process to be carried out electronically. The electronic systems and software enable the organization to undertake different activities such as management, accounting, and payroll. HRIS aims in increasing efficiency in decision making by HR (Martin, 2006). The decisions made are essential in increasing quality and productivity of both the human resource manager and employees. Furthermore, it offers different solutions ...

Introduction

The success of any business venture is characterized by its ability to manage its assets, with respect to features such as the members of staff, the expenses incurred during the production process of its products as well as its distribution stratagems. The reason why most business entities and conglomerates fail to thrive in the long term is due to poor mismanagement of various core sectors hence leading to the redundancy for income generated and in an increase in the cost of productivity. The overall result is the decline in the trajectory of the business entity. Such was the characteristic ...

When employers are developing structures for internal compensation for their employees, it is important that they determine the way it wants their rates to compare relative to the existing markets. For instance, they could match, lead, or lag the market depending on their financial standing and performance expectations (Paul & Elder, 2012, pg. 347). Alternatively, they could employ a combination of the three options to match their performance needs.

Benefits of Leading the Market in Overall Compensation and Benefits

The strategy of leading the market entails paying rates that are in excess of what is prevailing in the marketplace. The benefits that accompany this strategy include an increase in the ...

Executive Summary

The document is a recompilation of information about the current status of a medical facility located in Bayonne, New Jersey owned by a multinational company located in the United Kingdom. Two analysts of the organization study the current status of the medical facility that is the current operations of the company, its economic performance and the trends of the business in the future. The medical facility has technology needs that are necessary for its normal operations. The considered medical facility executed its last technological overhauling in 2004, but the majority of the hospital equipment is from 1999 with a ...

The chapter under consideration is the Chapter 5, Financial Services: Savings Plans and Payment Accounts. The chapter gives to the reader five important aspects that contribute to the understanding of the personal finances. 1. The first aspect is the selection and use of the available financial services in the market and the factors that influence the decision to select a specific financial service. The selection of the financial service depends on of the needs of the client and the convenience of fees and conditions. One of the financial services is the availability of cash. The cash is the most ...

Introduction

Information management systems primarily serve the purpose of processing, organizing, storing and allow retrieval of data that businesses, organizations, institutions, and corporations use to their strategic advantage. Varied types of information systems exist ranging from transactional, decisional support, expert, knowledge management, and office management systems among others. The information systems are a paramount strategic niche in the context of the goals and objectives that have to be achieved. Therefore, organizations engage information systems and system analysts or designers to develop, manage and service the system (Chaffey & White, 2010). The organizational system that I chose to illuminate for the purpose ...

INTRODUCTION

With the changing business dynamics, one has to be on top of their game to make the best out of every opportunity. For maximum profitability, one has to maximize all the resources and most especially the human resource which is the main core of any industry. Human resource constitutes part of the high expenditures. If not carefully handled, one will be running the business at massive losses. The only way to make maximum use of the human resource is to adapt more competitive and cost efficient methods to manage the human resource. It should be noted that they are ...

Part A - The impact of accounting on the IT Development 4

Part B – Question 1 - Introducing or Upgrading Computerized Accounting Systems 5 (a) Advantages and Disadvantages of using a Computer Accounting System 5

Advantages 5

Disadvantages 5 (b) Considerations when setting up a Computerized Accounting System 6

Completion of an Accounting Cycle 6

Recording all Transactions from Manual Trial Balance 7 Running a Trial or Testing Phase 7 Verification of the Computerized Accounting System 7 (c) Chart of Accounts and Coding Structure is Followed by Impetus Limited 8

Part B – Question 2 - Accounting Packages 8

(a) The Features of an Accounting Package 8

Security 8

Reporting 9 Interdepartmental Operations 10 (b) ‘Module’ in an Accounting Package and its Purpose 10 (c) ‘Integrated’, ‘Semi-Integrated’ and ‘Non-Integrated’ Modules ...

Acme Fireworks

A number of factors are to be considered when it comes to taking the decision of the most favorable business structure for a specific commercial venture. Given the situation of Acme Fireworks, the pros and cons that need to be weighed before deciding on the business structure include the offering of highest protection, the highest investment return, and the most favorable rates of taxes. When there is a need for liability consideration, along with needs of employment and huge contracts, the recommendation to Acme Corporation owner would be to amend his status from the present sole proprietorship to a ...

Business

1. Boss letter 1. Boss letter

Dear Mr. Johnson

I knew by colleagues of the business field that you got a new position in the company Evolution Inc., our historic rival company in the business of advertising and product development. Your new situation won't affect our personal relation and the collaborative spirit that characterized our relation inside the company will continue in the following years, no matter your new position. In fact, after you left the company a got a promotion to your former position. I hope we maintain our friendship and create a new fresh relationship between the two companies. Today ...

Job Overview

The individual interviewed for the report is an administrative assistant in a K-12 school district. The employee’s position is located in the Office of Information Technology in a support facilities building. Part of the administrative assistant’s role is to serve as an assistant for the director of technology, while the other portions involve reconciling the department’s budget, assisting technicians with payroll questions and payroll system entries, ordering office supplies, taking and routing phone calls, filing, and receiving departmental orders. The administrative assistant is responsible for using multiple online applications to manage payroll, work order and ordering ...

In this paper, the analysis of Whole Foods and Wild Oats merger will be provided, and some important answers will be given. Therefore, while summarizing the entire case of Whole Foods and Wild Oats Company merger, it can be said that this case provided detailed information regarding both company backgrounds and their merger stories. In this case, it is mentioned that Whole Foods is an old brand that is serving the organic food industry since 1980. The company proved it within the industry and followed strong strategies to grow their business. The management of this company strived hard to ...

In a business environment, managers are always faced with demands of transforming business processes so as to make them cost effective. This is because the business operational environment is highly unstable with consumer needs changing daily and therefore, business executives need to constantly monitor and alter how they conduct business to remain competitive. In particular, inclusive and informed decision-making process is critical to the success of businesses in this age. Information technology has made this easier through Enterprise Resource Planning software solutions. Enterprise Resource Planning Systems can be described as commercial software systems which are customizable and integrate core ...

Executive Summary

The background for this paper is the analysis of the "Large Technology Company" referred to as LTC hereafter. The paper looks at the LTC's requirements for an ERP system recommends a suitable ERP solution for the company. Due to the growing complexity of the business environment in most industries and the increased globalization and the resulting internationalization, managing and utilizing information effectively is very important for the success of modern companies. Managing the whole operations requires IS that can integrate both external and internal information into readily available and usable forms. ERP systems are being used by many companies ...

High Turnover in Hospitality Industry in USA and Strategic Way to Solve the Turnover Problem

Introduction Currently, the hospitality industry taking a new route to lead in most economies. The industry is growing at a rapid rate, which is something for celebration. The biggest challenge is the employee turnover. Kim and Jogaratnam, (2010, p. 320) report that a big portion of up to thirty-three percent of the hotel money goes to labor. The current turnover in the hospitality industry settled at thirty-one percent (Batt, Lee, and Lakhani, 2014, p.17). This percentage is very high when broadly looked at concerning the disadvantage of employee turnover to businesses. The culture of the company is always affected ...

Introduction & Brief Description of Business

Entrepreneurship allows for the opening of new businesses bringing about jobs for the people in a community and revenue that benefits not only the business but also taxes for the city and the state. Entrepreneurs usually take advantage of processes to enable their success in business to include lean experimentation that allows for the resolution of risks speedily and with minimum resources thereby allowing for testing of a business model; the enactment of investing which permits the entrepreneur to confront risks in order of importance thereby having the ability to use only the resources that are needed to meet ...

Market Segment Two

The market segment comprises of structured needs such as in the sales and car dealership industries allowing for easy customisation of a solution. Further, the market serves millions of customers in New Zealand which provides a huge market for the products that the academy shall be offering. The customers in this segment have expressed their need to be trained which illustrates existence of a ready opportunity. The market segment comprises of unique sales people who are market-oriented and as such may be willing to pay a higher price for the training making it an attractive investment segment for the ...

Internship Report

This report covers my internship period at Fastenal Distribution Center. In this organization, I was given the role of being an assistant manager. The time proved to be very informative both academically and professionally. I was able to learn a myriad of skills that could not be learned in the classroom settings. The period was a platform upon which I was able to know about my strengths as a future management professional while also shedding light on the aspects I should work on to be a better manager in the future.

As an assistant manager, I had a variety ...

Introduction

What role do information systems play in an upcoming organization? Information system plays a crucial role of transcending information from a person or one company to another. The information is mainly meant to aid the business in meeting the transactions or decisions that the executive board needs to make. To perform this, there must be a format or chain to be followed so that the information can flow as required. The chain needs to be hierarchical so that the information can be passed from one head department to the other. In today's economy, failing to embrace the culture of ...

Introduction

Background In the contemporary business environment, the role of Human Resources has become a crucial and important component. Many traditional perceptions suggest that the HR is only perceived as a department to source and acquired new talents. However, most of the HR activities are far beyond the sourcing and employing the new employees. Human Resources Managers are involved in planning, coordinating, and directing the administrative responsibilities of the organization. According to Bach and Edwards (2013), human resources management allows organization and establishment of employment conditions that allows the employees to achieve the desired productive output while satisfying a wide ...

Executive Summary

The recruitment and retention process are the critical activity that ensures the organization has the right personnel with the qualities and skills that the organization demands to achieve its objective. This is clearly explained in the introduction part of this paper. The process needs a strategic plan to ensure its success hence the paper is giving the steps and activities to be useful in making the best recruitment for the post of human resource coordinator. There is job analysis that incorporates the full description of the position, and personal specifications we admire to see in our candidate. There is ...

Founded in 2003 by Marc Tarpenning, Martin Eberhard, and Elon Musk, Tesla Motors Inc. is an automotive firm that develops Electric Vehicles (EVs). According to Holmberg (2008), as part of its global strategy for growth, Tesla sought three strategic alliances with other auto manufacturers namely: Supplier, Research and development (R&D), and Original Equipment Manufacturer (OEM) alliances. The alliance with Lotus, a United Kingdom company would guarantee the supply of unique chassis for the EV (Cheong, Song and Hu 1-10). Panasonic Company from Japan supplied battery cells whereas Borg Warner in the United States supplied single-speed gearbox. For research and ...

International business is one of the main features of the global economy. The decision made by a firm regarding venture abroad involves the evaluation of the different alternative entry modes. This is done bearing in mind the degree of the risk and the suitability of the business environment that is in the potential region or country. Economic, political, cultural and other factors are all of the significant importance. BMW’s plant is situated in Spartanburg in South Carolina. The plant began its operations of producing automobiles in 1994. Due to the enormous success that the company had, there was ...

Immigration in America

The United States of America is clearly built on immigration. Most of these immigrants come to America tired and poor, but their aggressiveness has challenged their innovation and thus improved the economy of the nation. They bring with them talent, global connections, and youthfulness which in return bring about diversity leading to economic growth. The largest ethnic groups, including the German-America, have assimilated thoroughly above the levels of the American natives. Therefore, America should have an improved immigration system as the system is widely known for its lack of competitiveness. The following is a discussion of why America should ...

Re: Payroll tax policy and Income inequality

Current situation Recommendations The United States economy is the largest economy in the world, making the country powerful and respectable. In such an economy, there should be policies that promote income equality among the people to reduce the poverty levels. The tax system of the United States will require a proper revision to incorporate equality among the different wage group categories. The recommended reforms look at ways of reducing income inequality through adjustments on the payroll tax policy.

Cuts on payroll tax and increasing the scope of the tax to encourage savings

Adjusting the payroll tax on low income employees will encourage a saving habit to the people of the US. It will ...