Author: admin

Please work on the case study on the following chapters 5:30 PM – 8:30 PM. Late submission is considered failure. Chapter 4 Tiger Brand Limited: Is Tiger Brands strategically ready to compete and cooperate? P.153 1. How well does Tiger Brand’s vision and mission statements help narrow down feasible alternative strategies available for the firm? MISSION STATEMENT: It is the statement that tells us that the position where we want our company or firm to be in future. VISION STATEMENT: It is the statement tells us the aim of starting our company or firm and how we can achieve those objectives for which the company was setup. Tiger brand is a fast moving consumer goods brand dealing with different kinds of shopping, durable and specific goods. The Vision and Mission of this brand is ; To be the world’s most admired branded consumer packaged goods company in emerging markets. To be a high performing, fast–moving consumer goods company with leading brands, operating across the globe in several selected emerging territories. It is very deep and reliant statement. As it wants to capture market share . It uses various kind of generic and grand strategies for achieving its goals and objectives. It narrowed downs its various strategies by telling that it want to be leading brand in FMCGs so it does not use strategies of stability as it want to adopt various kinds of diversification strategies. Through the statement we came to know that it is at growing stage and does not have to adopt retrenchment or liquidation strategies. So it’s vision and mission statement narrowed down the stability, retrenchment and turnaround strategies and wants to adopt and follow the various expansion and diversification strategies in respect to concentration and integration strategies to become the market leader and product leadership. 2. Does Tiger Brand pursue a cost leadership, differentiation, or focus stategy? Evaluate its strategic approach in comparison to its competitors. Chapter 8 Hyundai Motor Company: How would a BCG for Hyundai look like? P. 281 1. On a BCG Matrix for Hyundai, what would be the RMSP value for company’s operation in South Korea? 2. On a BCG Matrix for Hyundai, what would be an appropriate IGR value for the company’s operations in China? 3. HYMTF stocks sold for $39 on 21 August, 2015. If the stock price rises 39 percent as expected , what would the price become?
Attachments:
3302662_1_Name.docx

Part 1
· Imagine that you were auditing accounts receivable balances to confirm sales and found significant discrepancies between the recorded account balances and returned confirmations from customers. Recommend an alternative approach to confirming sales revenue. Provide rationale for your recommendation. (100 Words)
· Using the case as a reference and from the e-Activity, discuss the improper recognition treatment you researched, and make a recommendation regarding the type of analytical procedure that should have detected the improper accounting transactions. Propose the internal control activities or audit plan that might have detected the improper transactions. Be specific with your recommendation. (100 Words)
Part 2
· Discuss at least three to five advantages and disadvantages of implementing an IT-based system. Identify at least four inherent operational and financial risks in using computerized reports. Propose at least two mitigation risk strategies, and justify your recommendation. (100 Words)
· Identify at least three risks that auditors need to consider for companies that process Web-based sales transactions, including credit card payments. For each risk identified, develop a mitigation risk strategy. Provide specific examples. (100 Words)
Part 3
· Discuss the motives of the executives to commit fraud. Discuss the culpability of the accountants in preparing the questionable accounting estimates for the cost to compete. (100 words)
· Evaluate whether the SOX and PCAOB have been effective in reducing unethical behavior of corporate executives. Propose at least two amendments or provisions to SOX that would make management more accountable for the accuracy of financial statements, or provide additional sanctions that might reduce unethical behavior. Support your position. (100 words)

Project Parameters:
You have been selected as the consultant to develop a business plan for Durango Manufacturing Company, which is a start-up, medium-sized public manufacturing company. The CEO has a background in manufacturing and is well versed in supply chain management. However, the CEO has limited experience in financial management and creating value for the various stakeholder groups. Your business plan must include a five (5) year strategy to increase revenues by 10% and a recommendation for creating an organizational structure to comply with SOX mandates for strong corporate governance over the internal controls. Your business plan must also include prescriptions for creating an ethical environment. Your recommendation must be approved by the Board of Directors before the company can begin its operations.
Based on your knowledge of accounting and financial, prepare a ten to twelve (10-12) page report in which you:
1. As the consultant, create an argument that you will present to the CEO that suggests accounting and financial management knowledge and skills will be essential to the company’s success and stability over the next five (5) years. Provide support for your argument.
2. Suggest to the CEO how the company’s stakeholders (investors, lenders, and employees) will use financial statement information and ratio calculations to make key determinations related to the financial condition and operational efficiency of the company. Provide support for your rationale.
3. Given the strategy to increase revenue during the five (5) year plan period, which will need to be achieved through expansion and capital expenditures, determine which capital budgeting ratio is appropriate for Durango to evaluate its proposals for capital expenditures, such as NPV, IRR, etc. Defend your position.
4. In order for the company to improve its operational efficiency, recommend which production departments should use process, job order, and activity-based costing—all three (3) of which must be implemented within Durango. Defend your choice for each department.
5. The CEO would like to consider outsourcing his manufacturing operations if labor can be supplied cheaper overseas than in the U.S. Create an argument either for or against outsourcing the manufacturing operation to a foreign country. Your argument should include key points that support your position. The key points should address economic and business management aspects related to outsourcing.
6. Predict the economic and business environment over the next five (5) years, indicating at least two (2) ways it may impact Durango Manufacturing Company’s ability to achieve the desired 10% growth in revenue. Provide support for your prediction.
7. Formulate a strategy to improve the opportunities for Durango to reach its revenue goals (i.e., increase revenue by 10% within five [5] years).
8. Assess the potential for fraud within Durango based on the lack of IT controls, and determine at least two (2) ways Durango will structure its internal IT controls to ensure that such controls are effective in detecting fraudulent transactions.
Use at least six (6) quality academic resources in this assignment.
Note:
Wikipedia and other Websites do not qualify as academic resources.