The future of your career choice, Business Administration. Perform further research focusing on the future of your career choice.
For example, if you chose a career in medicine, what trends do you see happening in health care (technological advances changing the actual job, hiring, wages, job scope, etc.)?
What job opportunities seem to be arising? What pitfalls?
You will be required to review articles published in your industry and look at both your narrative (essay 1) as well as do some synthesis of multiple sources to come up with a logical, realistic research essay.
You will be required to review articles published by professional, peer-reviewed journals in your career field;
Other recommended sources are the U.S. Bureau of Labor Statistics, industry professionals, association websites, etc. Your research will also require elements of argumentation.
When you take a stand and make bold statements about understanding historical and current patterns in your career field, you naturally will be making assumptions about what might happen in the future.
But to have your audience agree with you and accept your premises/conclusions, you’ll need to argue or defend certain points in your discussion.
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Compare current reporting practices between a company that reports under IFRS in the United States and a U.S. GAAP company that also files in the U.S.
I would like each group to find one company that files IFRS based financial statements with the SEC.
You are suggested the following search strategies:
Searching the public press for any talk about filing IFRS financial in the U.S.
Identify a handful of foreign companies who do business in the United States and see if they report to the SEC by going to www.SEC.gov and searching the company database for the company of interest.
Download their 10-K filing and examine footnote 1 on accounting policies. I expect that footnote to identify what form of accounting method is used. (The audit opinion will likely also state the method.)
Based on the financial reports and other disclosures found at the SEC web-site or the web-sites of companies in the following industries, each assigned group should choose one of the IFRS companies listed and then find another company that files under U.S. GAAP in the same industry for review.
You may use Compact Disclosure in the Business Library or yahoo.com to find other companies in the same industry.
Strategic Planning. Use the Strategic Planning Outline as a guide to complete sections of your capstone project each week. A final strategic plan is due in Week 5.
Cite your resources.
Develop a minimum 1,400-word proposal in which you explain the importance of innovation in your selected division’s vision, mission, and values, and determine your business model for this new division.
Include the following:
Propose a new product or service for the new company division. The division should be customer-focused with an innovative mission statement. Ensure you are differentiating your product or service.
Describe how the division addresses customer needs and achieves competitive advantage.
Create a vision and a business model for this new division that clearly demonstrates your decision on what you want your business to become in the future.
Explain how the vision, mission, and value of the new division align with the company’s mission and vision.
Summarize how the vision, mission, and values guide the division’s strategic direction.
Microsoft PowerPoint Presentation – Create a 6-8 slide presentation
which summarize the following points from your paper:
• Propose a new product or service for the new company division. The
division should be customer-focused with an innovative mission
statement. Ensure you are differentiating your product or service.
• Describe how the division addresses customer needs and achieves
• Create a vision and a business model for this new division that
clearly demonstrates your decision on what you want your business to become in the future.
• Explain how the vision, mission, and value of the new division align
with the company’s mission and vision.
• Summarize how the vision, mission, and values guide the division’s
• Define your guiding principles and values for your division in the
context of culture, social responsibility, and ethics.Define your guiding principles and values for your division in the context of culture, social responsibility, and ethics.
Put the following Income statement and balance sheet terms (general ledger accounts) in the proper order for properly prepared financial statements:
General and administrative expenses.
Cost of goods sold.
Put the following balance sheet terms (general ledger accounts) in the appropriate category as either short-term assets, long-term assets, short-term liabilities, long-term liabilities, and/or owner’s equity for properly prepared financial statements:
plant and equipment,
paid in capital,
An income statement is a financial statement that reports a company’s financial performance over a specific accounting period.
Financial performance is assessed by giving a summary of how the business incurs its revenues and expenses through both operating and non-operating activities.
It also shows the net profit or loss incurred over a specific accounting period.
Three major financial statements in the annual report and 10-K.
All public companies must submit these legal documents to the Securities and Exchange Commission and investor public.
The other two financial statements are the balance sheet and the statement of cash flows.
All three provide investors with information about the state of the company’s financial affairs, but the income statement is the only one that summarizes company sales and net income.