Gourmet Products Inc. Essay Example for Free

Gourmet Products Inc. Essay Gourmet Products Inc. (GPI) is a Canadian publicly traded retailer of aged balsamic vinegars, culinary sauces, spices, herbs, and seasonings. Products are sold globally through several Internet sites created and operated by GPI. On August 15, 20X0, GPI completed the acquisition of all the common shares of Abruzzi Oils Inc. (Abruzzi), an Italian producer and retailer of specialty olive oils, for cash consideration of C$6,000,000. The acquisition cost was allocated to the fair value of the identifiable assets and liabilities. The acquisition cost included a bottling machine with a book value of $400,000 and a fair market value of 0,000. However, to avoid any unnecessary reporting complications, the entire purchase discrepancy related to this machine was allocated to goodwill. GPI intends to keep the Abruzzi name and brand intact. Operations in Italy will be maintained, but GPI will import some of the olive oil production to Canada. The Abruzzi line of speciality olive oils will be featured on all of GPI’s Web sites. In preparation for ongoing operations, GPI has temporarily transferred two managers and five employees to Italy to work at the Abruzzi home office for a period of two years to ensure the transition runs smoothly and that the scale of operations can be increased to meet the forecasted sales growth. GPI is recording wages paid as consulting fees and is no longer taking source deductions. One manager has recognized that the move would cause undue stress on his family if they remained in Canada so he has decided to take his wife and children with him for the two-year period. GPI has just negotiated the purchase of a labelling machine in Italy for EUR 200,000. The equipment is expected to be useful for a period of 12 years. GPI has borrowed EUR 200,000 from the Banca Cammerata in Italy to finance  the equipment purchase. The loan, dated July 1, 20X0, is at 7% and is repayable in euros in 15 equal annual instalments, commencing August 1, 20X0. The interest is payable monthly in euros by GPI. The ownership of the labelling machine was transferred to Abruzzi on September 1, 20X0, in exchange for a EUR 200,000 note. The terms of the note are similar to the terms GPI negotiated with the Banca Cammerata, except that GPI is not charging Abruzzi any interest. The CFO of GPI stated this type of structure would minimize the foreign currency risk that GPI is exposed to. On the basis of an extensive review of the relationship between GPI and Abruzzi, Abruzzi has been classified as a foreign operation in accordance with IAS 21. In accordance with IFRS, Abruzzi revalued its land and building asset grouping to fair market value, resulting in an increase to the land and building account of EUR 20,000. Abruzzi’s accountant recorded the offsetting credit as a gain in profit and loss. A revaluation loss of EUR 5,000 had been recognized for land and buildings in the previous year. The corporate tax rate in Italy is considerably less than Canada’s combined provincial and federal rates. Both GPI and Abruzzi have a September 30 fiscal year end. GPI’s usual wholesale markup on its product imported is 60%; however, GPI has been acquiring goods from Abruzzi at 150% above Abruzzi’s cost. The decision to use 150% above Abruzzi’s cost was made by the CFO. As a result, GPI has had a very low profit margin on its retail sales of Abruzzi olive oils. You are Asif Majarani, a senior audit manager working in the assurance department of Majarani Associates, CGAs, a CGA firm in Winnipeg. Majarani Associates has three other specialized departments — advisory, taxation, and transaction services — with three other partners, one managing each  department. Your firm has been engaged to prepare the consolidated financial statements for the fiscal year ending September 30, 20X0, for GPI. This is the third year the firm has been engaged by GPI. You recently met with Ed Moore, CEO of GPI, on October 15 to obtain additional information. Moore mentioned that he had some concerns about the upcoming project of converting the existing payroll system to a new technology platform. A new payroll software system has been purchased since the payroll system currently in use is designed for a small company. GPI’s growth has strained the payroll system’s ability to provide timely payroll processing. Delays in payment of payroll have caused frustration for employees, although this does occur on an infrequent basis. The IT director is strongly suggesting that a direct cutover conversion approach be taken so that the new system can be used as soon as possible to realize the benefits. It is also the least expensive approach. Moore is concerned that this is a risky approach and he believes that a parallel conversion would be a better option. He is particularly concerned since he has heard that other companies have found errors during the implementation of this specific software system, although these errors are easily resolved once identified. Furthermore, since this is the first time GPI has been required to prepare consolidated financial statements for its shareholders, Moore is concerned about how the users will be able to differentiate between the financial positions and results of operations for the two separate entities. Required a) In your discussion group, analyze the case as a whole and identify all the issues to be included in the report to the CEO.  Note: Candidates must participate in the online discussion. Failure to post in the online discussion and respond to the posts of others will result in failing the discussion-based communication competencies. b) Prepare a report to the CEO (900 to 1,100 words), listing the adjustments that should be considered in preparing the consolidated statements. You should also address any other issues raised in the case. Complete this report independently of your group and submit it as a hand-in assignment.

Elizabeth The Film Essay -- essays papers

Elizabeth The Film Theme of the Film: How Elizabeth managed to gain the throne through turmoil, and then maintain it through even greater conflict and opposition. Greatest Surprise of the Film: The attention to detail and the symbolism employed to make the story richer than any other period piece. The script was also very well written, and very well paced making the movie much more enjoyable to watch because it was interesting and did not drag. Historical Characters Prioritized: Elizabeth I, Duke of Leicester, Sir William Cecil, Walsingham, Duke of Norfolk, Mary Queen of Scots, and the Vatican, various potential suitors to Elizabeth I. Understanding Clarified Which Would Not Be Achieved Through Reading Alone: Elizabeth’s political struggles greatly affected her personal life. Being a passionate woman did not make this easy, and she was forced to give up much, even love, for her rule and her state. Summary: The film Elizabeth is set in 1552, mid sixteenth century, when a shift in power is about to occur in the British Empire. The daughter of Henry VIII and one of his many headless brides, Elizabeth was not only outcast because of this, but because of her protestant religious beliefs and affiliations. Her half sister Mary, along with her sister’s husband Philip II of Spain, ruled the English Empire at this time. They were both strict to the catholic faith and when they felt the threat of their protestant relative. They had her arrested and brought to the Tower of London for interrogation, and hopefully a confession of treasonous heresy. But in a turn of events, Mary dies without giving way to signing Elizabeth’s death warrant. Suddenly a â€Å"protestant heretic† is upon the throne of England. So Elizabeth I, of the house of Tudor, begins her rule of the English Empire on a wobbly footing. With the likes of the Duke of Norfolk and up even to as high as the Vatican itself, plotting against the new Queen, and Elizabeth’s personal endeavors complicating her rule, Elizabeth must choose wisely in her actions so not to lose her throne or her head. Biding by the advice of her trusted counsel including her lover, the Duke of Leicester, Sir William Cecil, her only real father figure, and her advisor and bodyguard Walsingham, Elizabeth tried to bring her rule and her state to order. In the end, Elizabeth has to give her love and he... ... film good. 3. Results? A great script, concentrated direction, brilliant lighting and cinematography, etc. all helped make the film very good. But the core of this film is definitely the emotion. The acting was wonderful and the story was nothing short of great. These were the hearts of the film. Recommendations for Future Use of this Film: This films gives amazing insight into what royalty have to go through. It was informative about the religious struggles in Europe in the sixteenth century, as well as the overall fight for power the throne causes. The film brings much attention to the idea of corruption and betrayal, especially those you very much love and trust. The film focuses on the idea of sacrifice. Elizabeth had to sacrifice her own personal life in the end in order to secure her rule and remain queen of England. She symbolically cut her hair and became â€Å"The Virgin Queen,† deciding to never again let man or romance get in the way of the throne. Did she truly want to do this, or was it just a necessary evil? All that we are told is that she remained at the throne for another forty years after this film ends, and that her rule is considered England’s â€Å"Golden Age.†

Android and iPhone

Over the past decade, electronic companies such as Samsung and Apple has collaborated with mobile phone carriers, and researched the average consumer that could find many ways to improve the mobile phone. The outcome to this research has born the smartphone. Previously, these smartphones has provided instant access to communication entertainment, internet access, news, calendar, social media, and etc. These smartphones has effect a radical change in the path of modern technology. In 2007, Apple began to be the biggest smartphone to be released. To be the most popular smartphone many companies attempt to imitate the unbeatable features. Although, when technology is involved Google has been coping to keep up with the Iphone to advance the Android software. Partly, Google's android software has become the dominant smartphone that's not manufactured by Apple. For this reason, Android phones are just great as an IPhones. The similarities and differences of between Apple's phones and Android phones. The similarity between the Iphone and Androids phones is the shape of the phone. For example, most of the models has a similar shape like the Iphone by its rectangular and rounded corners shape. Nowadays, you might have seen many of theses Android phones such as, Samsungs and HTC Evo that has the exact shape. Iphone and Android phones has been noticed for their touch screens. Even though there was many disputes about who had the original design structure but the companies continue to manufacture the use of the basic structure for their smartphone. Also, Android and Iphone has authorize an 3G, 4G, and Wifi connection. Most of the modern smartphones has similar downloadable applications and app store. For example, they both have similar notification center, allowing users to view their log of missed calls, text messages, and other notification from the apps. Furthermore, Android and Iphones aren't able to last a day without it being charged but when Apple had invented Iphone 5, they made it convenient for the phone to function up to 3 days without charging it even if you have many apps installed, despite of other phones which can only last for 8 hours. Regards to the two smartphones has shown a way to navigate and search for places to locate your destination. Whoever, you choose either of them will give you the best quality of GPS and navigators. However, both of the smartphones has different type of ways of how it's functioned. The Iphones provide more apps than android phones. Iphones has outreach Android by thousands of apps, more updated, and faster when talking about the speed usage of the apps. For example, the apps on the IPhone has greater quality than the Android. Moreover, IPhone apps doesn't crash as often as an Android. For example, since I been using the IPhone 6S Plus, their have been no crash that I know. Although, when I had the LG 10 before I started having issues with my apps having crashes so, I felt it was normal thing. Although, Androids given users to download whatever apps from any source. Also, Androids apps storage is less precise to software developer. Their software display are way to different. For example, the Androids are known for giving their user a way to customize the theme of the phone keyboard meanwhile IPhone are known for the simple display and easy to use. Android phones have more carrier than Iphones so, it makes them easier to find and it has many phones to choose from. Moreover, Androids has larger screens than Iphone. For example, the Galaxy note has a 5.3†³ screen although the Iphone has 3.5†³ screen. Even though some android phones have bigger screen it could be sometime difficult to use because of how big the screen is fabricated. IPhone are easy to be hold in one hand, in any size you choose. The App Store are more organized than the Play Store. Over the years, Play Store has surely improved by making it easy to navigate but Apple's App Store has made it more favorable. The Apple Store is more straightforward by categories and popular on charts, even the Play Store. However, people will have their personal opinion of how they feel difference between the App Store and the Play Store. iPhones has more paid apps than the Android, but they also have shorter ads. The Apple's apps are free and paid than a Android. Although, Apple's users will be considering to spend money on apps than Google's users. This shows that the apps for IPhone are less filled with ads. For example, the new iPhone XS Max has adjusted to pay some money for a few of the apps for free than on an Android. In conclusion, the IPhone and Android seem to be similar but has many different ways seen between the two smartphone. Both smartphones has lure different crowd of people based on what they believe should be on a smartphone, either they choose an IPhone simple display and high quality apps or Android customize and many variety of apps. The smartphone has developed for many years, which will continue to buy smartphone that people prefer. This will lead to new features, screens, more capacity, and more evolution of the smartphone. Eventually, the development of the smartphone will bring more advancement to modern technology.

Career Theories Based Off Information - 1046 Words

Career Theories Based off information received in the interview, it appears that artistic (A) would likely be his strongest area in the Holland code. He enjoys activities that allow him to be creative. This is true in work and in leisure. He currently enjoys the creativity in his work, and enjoyed it as a cook, as well. Plus, he enjoys painting and music. His artistic side was a theme throughout the interview. While the artistic side is clear, I would also theorize that he could fall under investigative (I) and (C) He enjoys taking things apart and putting them back together again (I) and he is good with tedious tasks and technology (C). Potentially, he could be an AIC. Furthermore, I would theorize that his MBTI preference could be an†¦show more content†¦He has fear around losing that stability. There is a part of him that is cycling back to earlier stages, but the logistics of his life are a huge consideration for him. Several aspects of the interviewee’s career ar e in congruence. Congruence is a part of Holland’s (2014) theory that defines if an individual is in an environment that fits their type. The interviewee does work in a creative environment, he does get to observe and investigate, and the use of technology plays a role. Also, his work does require some tedious tasks, which is one thing that was named as a strength. Also, I could theorize that this interviewee is at a level 3 in Holland’s theory. I believe this to be true since he struggles with seeing himself making a job change. However, certain aspects of the theorized MBTI preference would not necessarily be in congruence. The fact that he does not feel like there is room for growth is one reason why his MBTI score might not fit well with what he is currently doing. Krumboltz (2014) theory could be useful for this client. This theory normalizes anxiety and emphasizes the importance of meeting the client where they are. Given the want for change, but anxiety around c hanging careers – this could be beneficial for the interviewee. It appears to be a more holistic approach that I believe would work well for this individual. This particular person is currently struggling with decision-making and Krumboltz does not view