Riordan Finance and Accounting - 4108 Words

Running head: RIORDAN FINANCE AND ACCOUNTING Riordan Manufacturing Finance and Accounting System University of Phoenix BSA/500 Ms. Deborah Webb Week 6 Team Assignment 17 November 2008 Investment in the rubber and plastics industry requires serious analysis of a number of key corporate behaviors. To evaluate Riordan’s Finance and Accounting Systems, knowledge of their industry and line of business is necessary. Economic influences affecting their operations and business strategy must be considered as well. An examination of Riordan’s accounting system and modules is provided followed by calculations of their liquidity, profitability and activity ratios. The pecuniary data, along with historical information, is evidence to their†¦show more content†¦This suggests that financing to expand operations, replace equipment, or other purposes, should be secured soon. The present monetary policy of the Federal Reserve is contracting and decreasing the total money supply to stave off inflation. High oil prices, the weaker dollar and decelerating labor productivity are contributing to rising inflation. The inflation rate forecast is estimated at a rate less than 3.00%; however, the Federal Reserve will work to limit inflation in combination with a strong retail market. The unemployment rate was only 5.50% last year and will improve slightly to 5.20% in both 2005 and 2006. A large trade deficit in the U.S. trade balance will lead to the dollar/euro currency exchange rate of 1.25 dollar to the Euro. This data indicates positive economic conditions for Riordan. Opportunities to leverage relatively low interest rates into new investments will allow Riordan to enter new markets and increase productivity. This forecast provides the basis to meet the firm’s sales goals. Riordan Manufacturing’s Accounting System and Modules Each Riordan location has separate, customized financial and accounting systems to accommodate each location. However, the current systems are expensive and time consuming to code, test and patch. These systems have integration and compatibility problems and were not developed to function together. Current financial software has become extremely sophisticated. EnterpriseShow MoreRelatedRiordan Manufacturing Accounting And Finance Review Essay706 Words   |  3 PagesRiordan Manufacturing Accounting and Finance Review The Finance and Accounting departments within the three operating entities of Riordan Manufacturing are vastly different. Each is managed independently, not only of each other but of the corporation sector as well. The Georgia, Michigan and California branches operate different business systems for their ledgers, accounts, orders, procurement, sales history, invoicing, payroll and all financial reporting. The process to get this informationRead MoreRiordan Manufacturing Business Systems Analysis Essay726 Words   |  3 PagesRiordan Manufacturing Business Systems Analysis Riordan Manufacturing Business Systems Analysis Dr. Michael Riordan, a professor in chemistry, acquired several patents relative to processing polymers into high tensile strength plastic substrates. He knew there was a market for commercial applicants for his patents after so he started Riordan Plastics, Inc. in 1991 at the age of 45. Today, Riordan Manufacturing, Inc., owned by Riordan Industries is a Fortune 1000 enterprise with revenues in excessRead MoreRiordan Manufacturing IS Upgrade Essay1673 Words   |  7 PagesRiordan Manufacturing IS Upgrade Executive Summary IS updates at Riordan Manufacturing are necessary to meet future goals. We would like to be your partner, helping you reach the $50 million dollar revenue target. (Riordan Manufacturing Intranet, 2005) Your current information systems state will not enable Riordan to achieve this mark, especially in the finance, accounting and inventory areas. We will demonstrate how systems upgrades at your Atlanta, Georgia and Pontiac, Michigan plants willRead MoreCompetitive Advantage983 Words   |  4 PagesAdvantage Riordan Manufacturing is a leader in the industry of plastic injection molding. Business strategies require assurance that the organization can anticipate business conditions for the future that will improve performance and profitability. Organizations should create a strategic framework for a noteworthy achievement. The framework entails formulating a mission that defines the business product of the organization. This paper will discuss competitive advantages Riordan has in commonRead MoreSummary of Riordan Manufacturing Essay883 Words   |  4 PagesSummary of Riordan Manufacturing Riordan Manufacturing Inc. is in the field of plastic injection molding. A leader in plastics designs in many different areas, with state of the art capabilities in developing innovative products for their customers. The company was founded by Dr. Riordan, a professor of chemistry, working with processing polymers into high strength plastic articles. Dr. Riordan obtained patents and licensing to start manufacturing plastic fans in the plant at Pontiac, MichiganRead MoreEssay about Riordan Manufacturing, Incorporated1632 Words   |  7 PagesRiordan Manufacturing, Incorporated Riordan Manufacturing’s success is due to their industry-leading plastic molding. Riordan creates plastic products ranging from plastic bottles and fans to heart valves and medical stents. The company was founded by Dr. Riordan, a professor of chemistry, in 1991. Under the name of Riordan Plastics, Inc. the company’s initial focus was the research and development of their original plastic products. In 1992, Dr. Riordan purchased a fan manufacturing plant in PontiacRead MoreRiordon Manufacturing1081 Words   |  5 PagesAccounting Information Systems Paper Riordan Manufacturing, Inc., a million dollar Fortune 1000 company, is a leader in plastic injection molding. Riordan is committed to producing superior products and has established a reputation with facilities across the United States and now in China. Riordan Manufacturing has cutting edge high-tech design capabilities enabling the generation of modern plastic designs for use in health care, automotive, aircraft, bottlingRead MoreAccounting Cycle Description Essay1480 Words   |  6 PagesThe five accounting cycles in an organization are: The revenue cycle, expenditure cycle, financing cycle, fixed assets cycle, and the conversion cycle. The revenue cycle is the set of activities in a business bringing about the exchange of goods or services with customers or consumers for cash, such as sales orders, accounts receivables, cash receipts (Hall, 2004), and cost of goods sold. The expenditure cycle is an external exchange of information between vendors and the company. The expendit ureRead MoreRiordan Manufacturing Essay1601 Words   |  7 PagesRiordan Manufacturing Executive Summary: As a Fortune 1000 enterprise, and an industry leader in the field of plastic injection molding, Riordan Manufacturing, offers state-of-the art plastics design capabilities through its facilities in San Jose, California; Albany, Georgia; Pontiac, Michigan; and Hang Zhou, China. Currently, Riordans COO, Hugh McCauley, and the executive team have requested changes to the current information system used to maintain inventory and manufacturing processesRead MoreRiordan Manufacturing Presentation Rough Draft1371 Words   |  6 PagesRiordan Manufacturing Presentation Rough Draft Introduction The Executive leadership of Riordan Manufacturing Company are visiting next week and our team has been asked to prepare this six page paper that goes along with the presentation as the initial rough draft of the company’s financial state components of the financial system and the required systems that will talk to the company’s financial system. Riordan Manufacturing Riordan Manufacturing is a worldwide plastics manufacturer employing more

Control vs. Freedom - 1321 Words

One Flew over the Cuckoo’s Nest demonstrated a classic power struggle between acts of extreme authority and untamed free will. Randle McMurphy represented freedom, liveliness, amusement and the power of an individual against a confining institution. However, Nurse Ratched symbolized conformity, repression, death, and enforced a strong display of authority. This film also emphasized the loss of personal freedom with recurring patterns of fences, barriers, locks and shackles. Two completely different people with different aspects on life strived to get their own methods influenced on the rest of the patients. Both leaders were using dissimilar mentalities trying to bring each other down. However, Ratched’s efforts of authoritarian rule†¦show more content†¦Randle later also smashes through the glass during one of their meetings to satisfy the angry screams of Cheswick by obtaining the carton of confiscated cigarettes. Both Randle McMurphy and Nurse Ratched did no t rest to bring out their own methods to influence the patients. McMurphy displayed his method of rebellion by actually gathering some patients and fleeing from the hospital. He showed them something they would never forget by setting them free and letting them see what was outside of the frugal hospital. After the unexpected fishing trip, Nurse Ratched realized she was losing her control on the patients. They began to think for themselves and realize that they were being cheated. Clearly, the group meetings were not successful because the topics Ratched chose were too personal. When the nurse insisted Billy to reflect on his first suicide attempt Cheswick frantically exclaimed, â€Å"Why do you force him to talk about that?† Instead of displaying empathy and compassion to Billy, she pressured him into discussing it. Nurse Ratched needed a way to restore order and punishment was the only way. She knew McMurphy had gained the patients’ respect which was something she h ad never achieved. McMurphy brought something to those patients that Nurse Ratched could not contribute, and that was gratitude for life. The authority figure and theShow MoreRelatedFreedom Vs. Control Essay896 Words   |  4 Pages Freedom vs. Control Savannah Mooring East Carolina University November 22, 2015 This paper is in partial fulfillment of the requirements of ENGL 2201.  Ethics is defined as standards of moral judgment and professional conduct. Nurses are highly important to patients and the entire profession. It is important they have a understanding of various ethical issues they will face during their careers. In nursing ethics patients have an inherent right to physical autonomy wherever possibleRead MoreFreedom vs. Gun Control Essay1673 Words   |  7 Pagesthis amendment? Gun control continues to inflame public opinion nearly a century after the first firearm law was proposed. Gun control supporters blame the high rate of violent crime and the large number of gun accidents and suicides on the easy availability of firearms and lax licensing and safety rules. Opponents have argued that access to firearms deters crime. Gun homicides are decreasing and fatal gun accidents are at a record low rate. Many people view the gun control issue very differentlyRead MoreIntent of the Framers1628 Words   |  7 Pagesintent of the freedom of speech, freedom of religion, right to privacy, and criminals’ rights. I will explain current views of the provisions of freedom of speech, freedom of religion, right to privacy, and criminals’ rights. I will assess which events and opinions have changed the intent of each of these provisions over time. I will evaluate the effects of Supreme Court decisions related to these provisions and express consideration for the future of these provisions. Freedom of speech is partRead MoreWhy the Government must, at times, infringe upon Individual Liberties such as Abortion1298 Words   |  6 PagesThroughout the history of our country, the State has been called on to place certain restraints on freedoms. These restraints have been instituted by all levels of government during times when action was warranted to provide for the protection of individual or group rights and public safety. These restraints, typically laws, have affected to varying degrees the absolute freedoms of people. Freedom, in this case, means the absence of external legal restraint to carry out actions of free will. Read MoreFinancial Growth Test Questions Essay958 Words   |  4 Pagesway is Per Capita GDP a better measure of economic well being than GDP? How does this relate to economic problems in the undeveloped world? Per Capita GDP is a better measurement of economic well being because it measures the average national income vs the national income. The per capita GDP provides a better determination of living standards as compared to the GDP. It is a more reliable measurement for determining the economic state of a nation in an individual perspective. This relates to the economicRead MoreThree Paradoxes of Democracy Essay678 Words   |  3 PagesThree Paradoxes of Democracy 1. Consent vs. effectiveness 2. Conflict vs. Consensus 3. Representation vs. Governability Whats effective may not be what is popular -economic policies are a good example Ââ€" hyperinflation and other painful unpopular reforms -even in established democracies you are thinking about getting elected not long term policies Examples: • Free trade Ââ€" job loss • Terrorism Ââ€" loss of personal liberties • Deficit spending Ââ€" people like low taxes but also like governmentRead MoreIndex of Economic Freedom Essay908 Words   |  4 PagesEconomic Freedom calculated annually by The Heritage Foundation and the Wall Street Journal, and basic quality of life measures from the CIA World Factbook. Because the Heritage index has gained some criticism as biased, or retro-fitted to a cause, we evaluate it by comparison with other indices: The Fraser Institute, a Canadian based libertarian organization; The Ease of Doing Business Index, created by the World Bank; and the Freedom in the World Index, by the liberal organization Freedom House,Read MoreThe Legalization Of Birth Control1475 Words   |  6 Pages Griswold vs. Connecticut The legalization of Birth Control Ashley Barreras August 10, 2015 Political Science Imagine living in a world where birth control did not exist or was considered illegal to all women. This is the reality that women from our history dealt with for many years. Until the year 1965 birth control was banned for women living in the state of Connecticut. Whether married or unmarried the simple right of contraception, or asking a pharmacist about preventing pregnancy wasRead MoreFive Cross Cultural Values in Malaysia1017 Words   |  5 Pagescultures provides five value dimensions of national culture which are: a) Individualism and Collectivism Individualism is the extent to which we value independence and personal uniqueness. Highly individualist people value personal freedom, self-sufficiency, control over their own lives and appreciation of the unique qualities that distinguish them from others. Collectivism on the other hand, is the extent to which we value our duty to groups to which we belong, as well as group harmony. HighlyRead MoreThe United States Of America851 Words   |  4 PagesThe United States of America is a state full of mixtures of beliefs on politics and much more. As a state, we started out with very traditional values in our culture. Our culture is focused on many things such as freedom but we are preoccupied with our rights due to the freedoms which puts limits on what we do as a state. Being a traditional state, we started out as a materialistic mind set rather than post-materialistic. As the United States has aged, the people and culture have changed to a more

The Life And Work Of Martin Luther - 1529 Words

Martin Luther experienced true faith and a true mystical experience for the first time when he got stuck in a thunderstorm. Fearing for his life he begged St. Anne that if she took care of him he would become a monk. Luther’s journey began towards the life of God. The path he took, led him through moments of realization and confusion. Martin Luther questioned the church and re-evaluated baptism; yet, he re-enforced the importance of the Eucharist, kept his faith in God and believed every child of Christ had the right to know the Lord s word. Sacraments are about becoming closer to God, to commit to a life of God and to reach God’s grace. According to Rev. David D.Reedy author of â€Å"The Life and Work of Martin Luther† Martin began a revolution as he taught and wrote about his dissatisfactions with the church. He began to change the way people understood and the sacraments because he began to go back to the roots of each sacrament. When I began my path towards God through my own choice and not just part of what I was nurtured through, I began to realize a few things I didn’t agree with. Martin Luther began to ask questions to learn and explore, but he was encountered with an unexpected twist. When making his way to become a minister David Reedy explains, â€Å"He came away more disillusioned, and very discouraged by the immorality and corruption he witnessed there among the Catholic priests.† His main ideal was that we must dig back into the real power of faith. Luther believesShow MoreRelatedThe Life and Work of Martin Luther Essay1531 Words   |  7 Pages Arguably one of the most recognizable names in Church history, Martin Luther rattled the cages of the legalistic, heretical Roman Catholic authorities, and enabled the masses to encounter God in a more direct way from that point on. The New Westminster Dictionary of Spirituality describes him as, â€Å"â€Å"An Augustinian Eremite friar and theology professor at Wittenberg, who emerged as the principal guide and spokesman of the Protestant Reformation, giving his name to the strongest wing of that movement†¦Read MoreEssay Life and Work of Martin Luther King Jr.2061 Words   |  9 PagesMartin Luther King Jr. was a civil rights activist from the 1950’s to 1968 with a strong religious background. A strong advocator for all minorities, King did all in his power to end barriers of community; poverty, racism and militarism. The principle he focused more on, however, was racism. King defined racism as prejudice, apartheid, ethnic conflict, anti-Semitism, sexism, colonialism , homophobia, ageism, or discrimination against disabled groups and stereotypes. Later turning his efforts toRead MoreMartin Luther And The Catholic1550 Words   |  7 Pagestransformation, but Martin Luther is one of the more significant figures. This paper is about how Martin Luther, a catholic German Monk, played a substantial role in influencing the religion of that time and initiated the Protestant Reformation. Martin Luther affected the Catholic Church, which was the major religion in Europe at the time, with his deep-seated beliefs on indulgences and how you can find your own salvation without aid of the Catholic Church or the Pope. After Martin Luther was tried atRead MoreMartin Luther s Life Changing Life1604 Words   |  7 PagesMartin Luther Kjerstine Martin HIST 101-04F May 1, 2016 Thu-ba-lump. A single horse’s hooves hit against the dirt as he runs down the road. Thu-ba-lump. Thunder claps overhead. Thu-ba-lump. Lightning pierces the ground, startling the horse and throwing the rider from it. On his knees, frightened for his life, he calls out into the storm, â€Å"Help me, St. Anne! I will become a monk! (Christian History Magazine Staff, 2000)† While no one knows exactly what happened on this day, it was quiteRead MoreThe 95 Theses By Martin Luther982 Words   |  4 PagesFor this essay, I chose the 95 Theses by Martin Luther as my primary source. This primary source is a historical document that cause major uproars throughout Europe. The 95 Theses were written by Martin Luther in October of 1517. The 95 Theses were ninety-five statements written by Martin Luther in opposition to the Roman Catholic Church. They challenged the common practices of the Catholic Church, including indulgences and the authority of the pope. The 95 Theses sparked a theological debate thatRead MoreMartin Luther: a Brief History/Impact on Western Civiliation791 Words   |  4 PagesMartin Luther: A Brief History/Impact on Western Civiliation Martin Luther was a man with a purpose. Born in 1483 in Eisleben, Martin Luther was a German Monk who started one of the greatest religious revolutions in the history of the Western world. Before discussing the impact of his revolution on the modern world, we must first establish some background information about the man and the Roman Catholic Church. Martin Luther lived a tough childhood where he did not enjoy the customary joys thatRead MoreThe Protestant Reformation And The Reformation871 Words   |  4 Pagesbeen teaching. Some famous reformers are John Calvin and Martin Luther. However, Martin Luther-- to some--- is named the most successful and influential reformer of the 16th century. Martin Luther was tremendously effective and influential due to how resourceful he was, and his teachings spread across Europe swiftly. Martin Luther was born in Eisleben, Saxony which is located in Germany on November 10, 1483 (â€Å"Martin Luther- Biography†). Luther was born into humble living, with his parents were peasantsRead MoreMartin Luther And The Christian Church992 Words   |  4 PagesMartin Luther was an Augustinian monk who believed the grace of God alone would justify fall humans. Luther one day translated the Bible into German unknowingly beginning the start of a radical religious revolution. Luther wanted to reform the Christian church of abuses. He wanted to return the church to its roots of Christianity and take away moderation. Luther believed in the reading of scriptures and finding the truth from within them. Robert Kolb believed, â€Å"Luther was filled with the dynamismRead MoreMartin Luther : A Father Of The Protestant Reformation1462 Words   |  6 PagesMartin Luther: A Father of the Protestant Reformation During the 16th century, many people began to question the doctrine and practices of the Catholic Church. The church was selling indulgences (forgiveness) to release people from their debt of sin. The higher positions held in the church were being sold to those who would pay the most money. The clergy’s greed and thirst after money essentially divided the church between the peasants and clergy. One man disagreed with the actions of the CatholicRead MoreMartin Luthers Life and Teachings Essay1610 Words   |  7 Pages Martin Luther was a Christian theologian and an Augustinian monk. He was born on November 10, 1483 to Hans and Margaretha Luder in Eisleben, Germany. The day after his birth he was baptised on the day of the St. Martin of Tours. Martin’s father wanted more for his youngest son so he did everything he could to get his son involved in the civil service and bring honor to their family. His father sent him to various schools in Mansfeld, Magdeburg, and Eisena ch. In 1501, at the age of seventeen, Martin

Brand Journalism and Online Content Creation

Question: Discuss about the Report for Brand Journalism and Online Content Creation. Answer: The rapid development of technology and the availability of information have led to companies and organizations to invent new approaches to marketing strategies. One of the recent strategies which have received wide usage is brand journalism. Brand journalism is perceived as an art of using well researched, factual and credible information in telling a story about an organization or a company using journalistic styles with the intention of making the reader of the story want to get more information on the company or the organization (Bull 9). In addition, brand journalism is used to create online content such as blog posts, eBooks, charts, white papers, essays, graphs and videos which deliver valuable information to potential consumers as well as positioning the company or the organization as a reliable and worthy of establishing business relationship with (Light 12). Fundamentally, brand journalism has a marketing agenda, and its content is not meant for the newspaper, rather it is meant to be published either in the organization's or the company's website, social media channels or blog sites. The article aims at discussing brand journalism and online content creation with an example of brand journalism. To create brief and appealing online content brand journalism integrates elements from various disciplines which include marketing communication, public relation, and visionary planning. As a result there exists a slight difference between online content and public relation exercise for many companies a fact made possible through the use of brand journalism (Cole and Jennifer 87). However, brand journalism has proven effective in creating online content. According to a Google report an average consumer consult at least ten sources before making any purchase on the web. The example below illustrates the use of brand journalism in creating online content that consumer can identify with. The Virgin Atlantic blog is one of the best blogs that utilizes brand journalism to create informative online content to its consumers. Though, an airline company it has proven itself to be excellent in brand building, maintaining as well as creating impressive online content in their blog page. Te company social media platform are full of creative and dynamic content. Such content manifest a clear understanding of the role of brand journalism in creating online content. The blog presents Virgin brand as a personalized experience. The holiday updates invite the reader to want to know more of the company. In addition, a visitor to the site enjoys a variety of posts including the various airline myriad destinations, posts on extreme sports, and fine dining. Similarly, they write with precision and clarity about their products as well as their services. However, post regarding their product and services are a minority on their blog. From the discussion and the example, it can be concluded that brand journalism assumes different forms such as blogs, videos, essays, and pseudo- styled articles. But, the backbone of brand journalism is a well-crafted content which is aided through journalistic styles with the ability to effectively market a brand online thus, winning more customers/consumers (Du Plessis 94). Works cited Bull, Andy. Brand journalism. Routledge, 2013. Print. Cole, James T., and Jennifer D. Greer. "Audience Response to Brand Journalism The Effect of Frame, Source, and Involvement." Journalism Mass Communication Quarterly (2013). Web. Du Plessis, Charmaine. "Brand storytelling: the case of Coca-Cola's Journey Corporate Website." (2015). Web. Light, Larry. "Brand journalism: How to engage successfully with consumers in an age of inclusive individuality." Journal of Brand Strategy 3.2 (2014): 121-128. Web.