Week 8 Discussion Forum (Mkt6920 Marketing Management) Discuss With Your Classmates The Importance Of Marketing
Week 8 Discussion Forum (MKT6920 Marketing Management) Discuss with your classmates the importance of marketing and what you learned in this class that you can apply for your future career and/or business opportunities
Week 8 Discussion Forum (MGT5430 Organizational Behavior) What contributions can high self-monitors make in organizations? Low self-monitors? What do you think will be the most stressful career stage? What type of stressors led you to make this choice? Unit 8 Discussion Board (ACC325 Forensic Accounting) Cermco produces and sells specialty customer relationship management (CRM) solutions to small and medium-size businesses in the United States and Canada
The company is more than 20 years old and has a steady, loyal customer base
A major reason for Cermcos success lies in the ability of its product to easily integrate with various accounting and ERP systems
As a result, even when clients upgrade their entire accounting systems to expensive ERP solutions, they continue to use Cermcos CRM because of its superior features
Annual revenues for Cermcos three most recent years are about $11 million (20X3), $7 million (20X4), and $3 million (20X5), respectively
Overall interest expenses and operating margins have remained a relatively constant percentage of revenues
Cermco attributes the decline in revenues to declines in market share as a result of natural client turnover and the entrance of many other small competing software companies into the market
Nevertheless, Cermcos CRM product continues to enjoy the highest industry ratings and a loyal customer base
Cermcos balance sheets for the most recent three years follow: CERMCO Balance Sheet December 31 20X5 20X4 20X3 Assets Current assets Cash and cash equivalents $390 $1,386 $2,603 Short-term investments Net receivables 720 664 1,225 Inventory Other current assets 412 469 892 Total current assets $1,522 $2,519 $4,720 Long-term investments 1,215 Property, plant, and equipment 76 258 454 Goodwill 545 1,757 2,194 Intangible assets 999 1,844 3,644 Accumulated amortization Other assets Deferred long-term asset charges Total assets $4,357 $6,378 $11,012 Liabilities Current liabilities Accounts payable $469 $1,174 $1,436 Short/Current long-term debt 600 Other current liabilities 1,227 1,358 1,496 Total current liabilities $1,696 $2,532 $3,532 Long-term debt Other liabilities Deferred long-term liability charges Minority Interest Negative goodwill Total liabilities 1,696 2,532 3,532 Stockholders’ equity Misc
stock option warrants Redeemable preferred stock Preferred stock 3,014 3,211 2,333 Common stock 16 16 13 Retained earnings -25,51323,81419,165 Treasury stock Capital surplus 25,168 25,564 25,862 Other stockholders equity -24 -1,131 -1,563 Total stockholders equity $2,661 $3,846 $7,480 Produce a valuation estimate for Cermco for December 31, 20X5
Use whatever valuation method you think best but justify your choice
Note that you can estimate the annual income from year-to-year changes in the balance sheet
Unit 8 DB: Systems Development and Program Changes (ACC430 Accounting Information Systems) Per Chapter 16 Problem 6 Systems Development and Program Changes discuss the internal control weaknesses in the system development and program change procedures
Comments should relate to (but not be limited to) the organization structure, systems development, systems maintenance, internal audit participation, testing procedures, access controls, segregation of duties, program fraud and documentation inadequacies
6
SYSTEMS DEVELOPMENT AND PROGRAM CHANGES Winston Financial Services (WFS), located in Parsippany, New Jersey, provides financial advice to small and mid-sized businesses
Its primary opera tions are in portfolio management and financial services for clients in the health care industry
Each client has general business and financial information stored on servers in the main office in Parsippany
Client investment information is stored on a separate server in their Tulsa, Oklahoma, data center
This includes the total value of the portfolio, type of investments made, the income structure of each client, and associated tax liabilities
WFS had purchase specialized asset management software called VIEW, which allows the company to run analytics on client portfolios and to run simulations of market trends
The customization and implementation of VIEW was performed by a team of IT professionals from the consulting firm of Cutting Edge Solutions (CES)
The contract with CES required them to train a WFS employee to maintain VIEW after the implementation
For this purpose, WFS selected a programmer from their systems maintenance group who was subsequently trained in VIEWs proprietary language and all of its functionality and controls
Two years after the implementation of VIEW, WFS management is now considering investing in a significant custom upgrade to the system
Furthermore, since their contract with CES has expired, they have decided to assign the upgrade task to their in-house maintenance programmer who had been trained in VIEW by CES
Once the project is completed, the programmer will be redeployed to the maintenance group
This is viewed by the WFS management team to be the most feasible and economic approach
Required a
Discuss the risks associated with systems development approach
b
What controls weaknesses are apparent in this approach?Term4Week8Discussions
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