WHAT GENERAL MANAGERS REALLY DO Assessment 1:Essay by Louisa Cindy General managers are top of employee‚ who hold major problems and play a big role behind the organization or business. Being a manager takes a great deal of hard work‚ leadership‚ and dedication. They have responsibilities to take control‚ motivate‚ and monitoring each part of the organization. The pressure of being a manager is not as easy as what people think‚ they tend to be efficient and effective in the same time. In an
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Financial Reporting and Analysis – ACG6175 Date: 5/18/09 Revenue Recognition Problems in the Communications Equipment Industry 1 – In late 2000‚ Lucent announced that revenues would be adjusted downwards by $679 million as a result of revenue recognition problems. Yet the firms market capitalization plummeted by $24.7 billion. Why do you think the market reacted so negatively to Lucent’s announcements of the problems? There is usually a grey zone between aggressive accounting‚ which
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335-350 (1999) Why do Managers Do What They Do? Reconciling Evidence and Theory in Accounts of Managerial Work Colin Hales Westminster Business School‚ University of Westminster‚ London NWl 5LS‚ UK This article seeks to show that there has been surprisingly little interest in developing a causal explanation of the consistently documented common characteristics of managerial work and attempts to sketch out such an explanation. It is argued that researchers In the field have either contented themselves
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article: WHAT EFFECTIVE MANAGERS REALLY DO (KOTTER‚ 1982) 11 12 1 2 10 9 3 8 4 7 6 5 MBA Public Governance 4 Management & Organization Dynamics Hugo Hendriks April 2004 Nijenrode University Management & Organization Dynamics April 9‚ 2004 What effective managers really do (Kotter‚ 1982)1 This paper is part of my exam of Management & Organization Dynamics at Nijenrode University. This paper starts with a summary of Kotters 1982 article What effective managers really do ‚ by an experimental
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Revenue-Recognition Problems in the Communications Equipment Industry 1) In late 2000‚ Lucent announced that revenues would be adjusted downwards by $679m as a result of revenue recognition problems. Yet the firm’s market capitalization plummeted by $24.7bn. Why do you think the market reacted so negatively to Lucent’s announcements of the problems? The large drop in market capitalization is probably due to several factors. Historically‚ Lucent had successfully met analysts’ projections for
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statement of the company‚ it has to take the correct decision about the revenue for the period. The percentage of completion method refers to the income earned by the contractor determined on the basis of progress of the contract. Under this method‚ current assets may include costs and recognized income not yet billed with respect to certain contracts. This method is most commonly used in the construction industry‚ where very long-term construction projects would otherwise keep a company from revealing
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Recently in June 2010‚ the International Accounting Standards Board and the Financial Accounting Standard Board initiated a joint project and released an exposure draft named Revenue from Contracts with Customers. This exposure draft emphasizes the status of revenue in assessing financial statements and states that revenue is conclusive in assessing a company’s operating situation and developing prospects. This statement has a profound influence on accounting industry and has lead to a wide range
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What is self-awareness? My own understand of self-awareness is that‚ I can’t develop myself without knowing myself. Self –awareness leads to self-development because it provides room for improvement by showing strengths and weaknesses in oneself. Avolio & Gardner (2005) claim that self-awareness is an important process where the emerging leader‚ characterized by his or her unique talents‚ strengths‚ sense of purpose‚ core values‚ beliefs and desires‚ comes into his or her own. It is an integral
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Principles of Management 10/14/10 Undercover Boss Questions/Answers. 1. What trait do you see in Steve "CEO of Choice Hotel" that makes him a good manager? While watching the show‚ I noticed that Steve had organizational control. He had a good understanding of his company and what needed to be done in different areas of the company to better the organization as a whole. It’s clear that he cares about his employees and gives them great opportunities within his power to get a higher education
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Revenue recognition on FASB and IASB convergence process I. CONVERGENCE OF U.S. GAAP AND IFRS Since 2002‚ Financial Accounting Standards Board (FASB) and International Accounting Standards Board’s (IASB) have been working toward “convergence” of US General Accepted Accounting Principles (GAAP) and International Financial Reporting Standards (IFRS). They have made significant progress in efforts to converge critical accounting standards such as those dealing with revenue recognition‚
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