This was formal communication for Standard rates and Chart of Accounts Mapping: I have completed the mapping with existing Oracle COA (Chart of Accounts). Please find the attached file. Please note that this file is from a purely Inventory point of view as few of the locations as per the existing Oracle COA (Chart of Accounts) is not defined in the attached file since they might not be an inventory location. 

Please review the file and let us know in case of any observations.

Greetings! LOH and Material Standard Rates for 2014 are ready for upload in the Costing Module of the MIS.

• Please UPLOAD the LOH (Labor and Overhead)and Material Standard Rates for 2014.
• Please keep Distribution Factors and Yield % unchanged. (ONLY Material and Assessment Rates will be updated, all other things will be as it is).
• Please keep a Backup of the Last Update.

For any thing more you need, please contact... Please note that I will be on leave from the 13th March, 2014 till the 17th March, 2014. I will have limited access to my email since I will be traveling. However, I will try my level best to keep in touch over the email. For any assistance, please communicate with the IT team members or the key users across the modules in my absence. Looking forward in seeing you on the 18th March, 2014.

The file is still under evaluation by the business users. I shall provide you the COA segment in a separate column, which has to be a combination of Legal Entity.Location as discussed with you last time once the evaluation is complete.

As you know, we are maintaining Inventories of Gel ,Herbal, API, Raw under KGF-1 Plant (Packing has already been separated) and Oncology API, Raw under CPF-II, I think a high-level initiation is required to separate those.

As we have configured Herbal and Gel as Line of Business (LOB) in ERP system and Oncology and Purnava as separate Entity, I think It will be an ultimate moment to have the Inventories be separated accordingly on this Stock Take scheduled on 30th and 31st December 2013.

If the Supply Chain Manager gives his assent to this issue and Project Manager of Keline,Project Manager of Gel and Responsible person of Oncology Facility confirm their respective materials with quantity, it will be an easy task for Stores in-charge to record, show in Stock Take and manage.

It will be a guide for us and pleasure if you kindly initiate the issue for smooth stock take. 

Please check the attached and confirm us if any other change is required in MDR No 10 only. Two rates of Materials (Dienogest & Neotame) are unknown and given for quantity disposition. MDR No 11 is under preperation. 

Your son appears to be suffering from intermittent divergent squint. It does need to be operated to retain good 3 D vision. The timing of surgery would depend on the level of control. If the control is not very good it needs to be operated.


You need not go to our head office Chennai for this surgery. It can be done comfortably in our Kolkata branch. The estimated cost of the surgery is about Rs 25000.


Hello, Greetings! I want some expert advise from you as you are an expert ophthalmologist of SN. My son who is 7 years old, having some eye problem. For example very often his one eye moves from the straight angle/vision. It seems, he looks at some other thing. If he watch TV or looks at me, primarily he looks straightly at me but suddenly one eye changes its angle/position. My Local Professor.  who said its need an operation to be corrected. 

 

According to him, my son does not have 3D view and many other problem may arise if we make late to do the operation. I am worried and don't know what to do. Could you please advise me what to do OR should I contact your Chennai Head office? Could you please give me an estimated expenditure (if u don't mind) to start the mission! Thank you in advance.

Hope this finds you in good health. Could you please check how our costing user can test Material price variance, Usage variance (product batch wise), Product volume variance and other costing related variances during UAT. For your information we have shifted from standard costing to actual costing after getting confirmation from KPMG that these will be generated from the system as part of MIS and data input related to standard in the system will be required for first time and subsequently system will fix up standards on the basis of available data in the system. 

 

We shall have to check whether the system works accordingly or not. Another matter please help us to check that system generates all the schedules of final accounts, we can use dummy data here.


Please find the strategy we would adopt to meet the requirements below in detail. This may take little time as I have documented with a well thought out plan in the projects best interest.

You will agree with me that these are not Day1 related reports which will stop us from performing transactions in the system. Also it will make more sense to test these analytical reports in a test instance where we have replicated at least 15 days of Production data. Request you to go through the below without a pre-conceived notion and then you will appreciate the timelines.

A got to know, you are a Migration Agent as per your Website. However, I few humble queries regarding Migration Australia. Could you please feed me up! Will I be eligible for Migration under Skilled Independent Visa?



(1)My Score in IELTS is Overall 7.0 (Every section is >=7.0 except Writing which is 6.0).

(2)I have 5+years of Experience as Management/Cost Accountant in a Top level Pharma Co.

(3) I have passed from Institute of Cost and Management Accountants the following subjects: 

Principles of Accounting
Financial Accounting
Management Accounting
Auditing,
Commercial Law
Economics
Quantitative Techniques
Taxation Law
Corporate/Company Law
Information Technology 

Thanks for your post regarding Australian Migration. I would be glad to assist you in any way I can.

Regarding your IELTS, you did well. However, you are very close to the actual requirement for a skills assessment of your occupation. Prior to lodging visa application, CPA/ICAA will assess your skills and experience under this occupation.

Please note that you require 7.0 in each band for Management Accountant and any other accounting profession assessed by CPA/ICAA etc in order to receive a positive assessment outcome. Without a positive assessment outcome for your occupation, you cannot apply for any skilled visa.

If you get 7.0 in each band, you can also earn extra 10 points from DIAC for English Language. However, I don't have other information of you in order to provide you proper advice in this instance.

Please find attached the UAT scenarios , segregated by week no, for the next 4 weeks of May-2013. It will cover all the UAT scenarios submitted by key users. Please note the schedule for week-1 of May-13 :

04-May-2013 à Tomorrow , it will be validation of all important data masters ( which have been identified as GXP critical). Some of the key Masters will be : Item, OPM General Master, OPM Formula, OPM Routing, OPM Quality, OPM Specifications, Customer, Supplier etc.

05-May-2013 to 09-May-2013 àIn the attached file, Key users can filter by week column with value ‘1’, to get all the scenarios that need to be tested for week-1 of May-2013.

How to read the attached file :

1. Tab-1 = The general calendar for testing UAT Scenarios. The month of May-2013 is divided into week-1,2,3,4.

2. Tab-2 = UAT Scenarios for Finance divided into 4 weeks of May-2013

3. Tab-3 = UAT Scenarios for OPM divided into 4 weeks of May-2013

4. Tab-4 = UAT Scenarios for PO_INV divided into 4 weeks of May-2013

Please send this file to the relevant stake holders. I will also explain them briefly tomorrow morning.


Please read the message from KPMG below and find the UAT schedule for the month of May, 2013 as an attachment to this email. Thanks.

Please carefully advise, can I use Plant Code 01,02 etc. in Plant column under "Definition of Resource Cost" in costing template?

Analysis Code DIR is OK in Activity. But, if I mention Analysis Code DIR in Activity Sheet under Manufacturing General Master, What will be its impact in Cost Sheet? I mean whether it will be shown in Fixed of Variable? Because Direct Costs may be Fixed or Variable and Generally major Direct Costs are variable except some examples. But our Depreciation related to Resource under different operations/activities is Fixed. What to do?

We can use those codes, they are as per the inventory organization coding These will not impact the cost sheet, so we can use the analysis codes as required. I will be there on 5th Jan, we can have a meeting over Video Conference or call.


Costing Manager has confirmed his presence for the 22nd December, 2012. Therefore, that meeting will be on schedule and I will reschedule the meeting for the Accounts Receivables team on the 26th December, 2012. Please arrange the team members for stock taking accordingly.

Facebook and Google already operate both facial recognition to optimize their services. If in technology, such systems are making real progress, they also raise questions about privacy. For example, Facebook uses facial recognition Moments on his application to rearrange photos of users. But as European regulators seem not quite agree with the use of this technology (or at least with the way it is used by Facebook), Moments is currently not available in Europe.
But Facebook already looking for a way to identify someone on a photo without relying on facial details, eg back or with hidden face. This is what is revealed by the site New Scientist reports that the algo that is being experienced by Facebook recognizes a person in a photo with information other than the facial features, such as clothing, hairstyle body, etc. . Mark Zuckerberg, it is for example easy to recognize thanks to his gray T-shirt, explains Yann LeCun, a Facebook employee in charge of artificial intelligence.
Facebook The researchers collected 40,000 photographs of public Flickr photo sharing service for testing and in 83% of cases, the algorithm would have successfully identified the people on them.
For now, this is an experimental technology. But we imagine how Facebook could improve its app Moments through it. After the possibility of being identified by an artificial intelligence even when it is back or when voluntarily hides his face will not necessarily welcomed by all.

The different editions of Windows 10 revealed. Windows Pro 10, Windows 10 Mobile Enterprise ... Microsoft Windows 10 presented different versions of its future OS, and their characteristics.

Microsoft has just lifted the veil on the different editions of Windows Future 10. They are available according to the public (professional and consumer) and terminal types:

Windows 10 Home will be adapted to PCs, tablets and large hybrid terminals marketed to the general public.

Windows 10 Mobile is a cut editing, it, for terminals 8 inches and under (smartphones and small tablets). It will be delivered with the Office version optimized for touch screens, and integrate the mode known as Continuum (for connecting the terminal on a larger display for use as a PC).
Windows 10 Pro is equivalent to Windows 10 Home edition but with additional features for SMEs (fleet management, data protection, better integration with cloud ...). It is cut for BYOD (use of personal devices for work).

Windows 10 Enterprise integrates security features and more advanced fleet management that Windows 10 Pro, designed to meet the big business issues. Microsoft Customers with Software Assurance may migrate to it without additional cost.

Windows 10 Education is designed for the education sector (with a volume licensing offer).
Windows 10 Mobile Enterprise is designed terminals 8 inches and less targeting companies (also with access to a volume licensing offer).

Windows 10 and Windows 10 Pro Enterprise allows both to benefit from the update service Windows Update for Business that has unveiled Microsoft to better meet businesses compatibility issues. Furthermore, the publisher announced a version of Windows 10 to the industry, as well as for editing and low cost terminals connected objects: Windows 10 IoT Core. Finally, Microsoft for the occasion recalls that migration to Windows 10 is free for Windows license holders 7, Windows 8.1 or Windows Phone 8.1 (read the details on the official blog of Windows, English). An offer which, remember, is not about business.

FIFO Method of Treating Initial Work in Process Inventory ; Units Lost at End of Process. In the process of verifying the pricing of the company's inventory of work in process and finished goods recorded on the company's books, the auditor finds
:
Finished goods inventory, 1 10,000 units                       $504,900
Work in process inventory, 90,000 units, 50% completed  330,480

The company follows the practice of pricing the above inventories at the lower of cost or market on a first-in, first-out method. Materials are added to the production line at the start of the process, and overhead is applied to the product at the rate of 75% based on direct labor dollars. The auditor also learns that the market value of the finished goods inventory and the work in process inventory is greater than the amounts shown above, with the exception of the defective units in the ending inventory of finished goods, the market value of which amounts to $1.00 per unit. The difference between the market value and the assigned cost is expensed. 

A review of the company's cost record shows :
Amounts
                                                                               Units      Materials    Labor
Opening inventory, January 1, 19—, 80% completed. 100,000   $100,000   $160,000
Additional units started in 19—                                 500,000
Materials costs incurred                                                           550,000
Labor costs incurred                                                                               997,500
Amounts
                                                                               Units      Materials    Labor
Units completed in 19—:
Good units                                                           500,000
Defective units                                                       10,000

Finished goods inventory at December 31, 19—, includes 10,000 defective units.
Defective units occur at the end of the process; i.e., units are found to be defective at the point of final inspection.

Required: (1) Schedules indicating:
(a) Effective or equivalent production.
(b) Unit costs of materials, labor, and factory overhead of current period production.
(c) Costing of inventories of finished goods, defective units, and work in process.
(2) The necessary journal entry(ies), if any, to state correctly inventory of finished goods and work in process.

Cost Assigned to Work in Process Inventory. The manager of a company whose manufacturing process lends itself quite readily to process costing methods approached the accountant with the request to compute, for his study and consideration, the work in process inventory on (a) the average cost basis and (b) the first-in, first-out basis. The following data are available
:
Units in opening inventory, 8,000; all materials, 50% labor and overhead.
Cost of opening inventory: Materials, $3,984; Labor, $2,148; Overhead, $1,692.
Placed in process, 40,000 units. Cost: Materials, $24,000; Labor, $19,968; Overhead, $19,968.
 

Units completed and transferred, 42,000.
Units in process at the end, 6,000; all materials, 60% labor and overhead.

Required: The costs assigned to the work in process inventory.

5. Cost of Production Report with Materials Added. The Caldwell Company produces a chemical, Caldmetral, which requires processing in three departments. In the third department materials are added, doubling the number of units. The following data pertain to the operations of Department 3 for March:
Units received from Department 2             20,000
Units transferred to finished storeroom       32,000
The balance of the units were still in 

process—100% complete as to material, 

50% complete as to labor and overhead.
Cost transferred from Department 2         $30,000
Cost added by the department:
Materials                 $8,800
Labor                        9,000
Factory overhead       7,200                      $25,000

Required: A cost of production report for Department 3 for March.

57. Skill-based pay compensates employees for the specific jobs they are performing in the organization.


ANS: F

Skill-based pay compensates employees for the skills they can use in the organization, rather than for the specific jobs they are performing.


58. More than 16 percent of the Fortune 1000 companies use skill-based pay programs to motivate employees.


ANS: T


59. The majority of the largest U.S. organizations use skill-based pay for some proportion of their blue-collar workers.


ANS: F

More than 16 percent of the Fortune 1000 companies use skill-based pay systems to motivate employees.




60. Skill-based pay programs are limited by the "topping out" effect.



ANS: T


61. Some organizations have resolved the problem of “topping out” in skill-based pay by installing a gain-sharing program after most employees have learned all the skills required.


ANS: T


62. Flexible benefit plans allow mangers to choose their employee’s pay raise each year, with some restrictions.


ANS: F

Flexible benefit plans allow employees to choose the benefits they want, rather than having management choose for them.

40. One of the six factors on which the ability of rewards to motivate individuals or a team to high performance is durability. Durability means that some rewards last longer than others.


ANS: T 

 41. The ability of rewards to motivate individuals or a team to high performance depends on four factors, which included timeliness, performance contingency, equity, and effort.


ANS: F

The ability of rewards to motivate individuals or a team to high performance depends on six factors, which included availability, timeliness, performance contingency, durability, equity, and visibility.


42. Visible rewards, such as job titles and premium parking spaces, send signals to employees that rewards are available, timely, and based on performance.


ANS: T

43. Extrinsic rewards tend to last longer than intrinsic ones.



ANS: F

Intrinsic rewards tend to last longer than extrinsic ones.


44. Four popular reward systems that organizations use to motivate employees are: gain-sharing programs, profit-sharing programs, skill-based pay, and flexible benefits.


ANS: F

Four popular reward systems that organizations use to motivate employees are: informal reward programs, profit-sharing programs, skill-based pay, and flexible benefits.

Situational constraints can make goal attainment difficult. One of the primary roles of a manager is to ensure that employees have the resources necessary to attain their goals.


ANS: T


34. According to Diversity Competency: Lockheed Martin MS2 Team: The MS2 team established two key goals: (1) to reach at least 75 percent of employees and (2) to establish a baseline of employee understanding of what constitutes a diverse environment.


ANS: T


35. According to Diversity Competency: Lockheed Martin MS2 Team: The MS2 team decided to use diversity focused emails since most employees received paper communication from the company.


ANS: F

The team decided to use a postcard campaign because employees normally receive very little print material from the company. The postcard would stand out from the normal e-mail that people received.


36. One of the limitations to goal setting is that it can lead to major problems when it rewards the wrong behaviors.


ANS: T


37. Individuals who are both satisfied with and committed to an organization are more likely to stay with it and accept the challenges that it presents than are individuals who are less satisfied and committed.

ANS: T

38. The most common outcome of severe job dissatisfaction is defiance (refusing to do what is asked)

ANS: F

The most common outcome of severe job dissatisfaction is quitting.


39. The six factors on which the ability of rewards to motivate individuals or a team to high performance are availability, timeliness, performance contingency, durability, equity, and visibility.

ANS: T

32. Although the set of five needs that Maslow identified may be universal, the logic or sequence of the hierarchy differs from culture to culture.


ANS: T

33. According to research on Maslow's hierarchy, if you have a lower level job, you are more likely to have satisfied esteem and self-actualization needs then if you have a high level job.


ANS: F

The opposite is true. If your goal is to satisfy your esteem and self-actualization needs at work, then you will probably be more satisfied with a top management job than a lower level management job.


34. Maslow’s Hierarchy of Needs is based on values from Europe.


ANS: T

Maslow’s Hierarchy of Needs is based on U.S. values.


35. Maslow’s learned needs model of motivation suggests individuals with strong power motives take action that affects the behaviors of others and has a strong emotional appeal.


ANS: F

The model is based on the work of David McClelland.


36. McClelland's learned needs model suggests individuals with a strong power motive tend to establish, maintain, and restore close personal relationships with others.


ANS: F

This describes individuals with a strong affiliation motive. Individuals with strong power motives take action that affects the behaviors of others and has a strong emotional appeal.

6. For an organization to be effective, it must tackle the motivational challenges involved in arousing individuals’ desires to be productive members of the organization.

ANS: T  Motivation Concepts


7. Performance = ƒ (ability / motivation) is a key motivational principle.

ANS: F

The principle is: Performance = ƒ (ability ´ motivation).


 Motivation Concepts

8. Performance = ƒ (ability ´ motivation) is a key motivational principle.

ANS: T Motivation Concepts

9. Performance = ƒ (needs ´ motivation) is a key motivational principle.

ANS: F

The principle is: Performance = ƒ (ability ´ motivation).
Motivation Concepts

26. The Pollyanna principle states that people process pleasant events more efficiently and accurately than they do unpleasant events.


ANS: T  Creation of Value


27. Person perception is the process by which the individual attributes characteristics or traits to other people.


ANS: T 

Creation of Value


28. The factors that influence how a person perceives another are the characteristics of the perceived, the characteristics of the perceiver, and the situation or context within which the perception takes place.


ANS: T 

Analytic | Creation of Value



29. When John first met Sue, he was rude to her. Sue’s perception of him has been strongly affected by that first impression. This is an example of the implicit personality effect at work in Sue’s perception.


ANS: F

Implicit personality theories are assumptions that people have about the relationships among physical characteristics, personality traits, and specific behaviors.


Analytic | Creation of Value


30. When a man’s voice quality is low in tenseness, the personality judgment made is usually that the man is cantankerous.


ANS: F

When a man’s voice quality is high in tenseness, the personality judgment made is usually that the man is cantankerous.


AACSB Analytic | Creation of Value

67. Another label for the "global mindset" is the ability to "think locally, act globally."

ANS: F

Another label for the "global mindset" is the ability to "think globally, act locally."

Diversity | Individual Dynamics

68. One of the key KSAs of the across cultures competency is understanding, leading and motivating employees with different values and attitudes.

ANS: T


69. One of the key KSAs of the across cultures competency is communicating in the language of the host country in which the individual is working. This ability is crucial for employees who have ongoing communications with people whose native language is different from their own.

ANS: T

70. In the Across Cultures Competency: Carlos Ghosn, CEO, Nissan-Renault, Ghosen states that it is helpful,but not necessary, for leaders to develop a deeper understanding of the country and the culture in which they operate.

ANS: F

Ghosen states that it is essential for leaders to develop a deeper understanding of the country and the culture in which they operate and try to learn about its strengths.

Group Dynamics

71. In the Across Cultures Competency: Carlos Ghosn, CEO, Nissan-Renault, Ghosn says that when he started at Nissan, only one percent of the top management at Nissan were women.


ANS: T
72. The communication competency includes the knowledge, skills, and abilities to use all the modes of transmitting, understanding, and receiving ideas, thoughts and feelings--verbal, listening, nonverbal, written, electronic, and the like--for accurately transferring and exchanging information and emotions.


ANS: T

Individual Dynamics

37. It is possible for an individual to have a successful career without ever being promoted.

ANS: T  Individual Dynamics

38. Career development involves knowing the right people to get ahead.

ANS: F

Career development involves making decisions about an occupation and engaging in activities to attain career goals.

 Individual Dynamics

39. A career plan is defined as a sequence of work-related experiences occupied by a person during a lifetime.

ANS: F

This is the definition of a career. A career plan is the individual’s choice of occupation, organization, and career path.

Individual Dynamics

40. A career plan is the individual’s choice of occupation, organization, and career path.

ANS: T
41. A job is the individual’s choice of occupation, organization, and career path.

ANS: F

This is the definition of a career plan.

42. Career success or failure is determined mostly by the individual in the career.

ANS: T