Thermodynamics

Changing The Face Of Mental Health - 2245 Words

Changing The Face of Mental Health Crystelle Rivas Kaplan University Changing The Face of Mental Health Mental illness plays a significant role in homelessness across America. Nearly â€Å"25% of the homeless population in the United States suffers from some form of severe mental illness† (National Coalition for the Homeless, 2009). Because people with severe mental handicaps have a harder time integrating into society without the help of trained professionals, a large number of these individuals become homeless or have placement issues. For this reason, mental health centers have been placed in communities across the country in an effort to give these people a foundation for growth and recovery. Since the mental health centers have limited†¦show more content†¦The living conditions offered to the patients were basic and would be considered unsuitable by any of today’s standards. Not only did the institution have their patients sleeping on cots and sharing rooms, they also did not offer any meaningful therapies to help. In essence, patients were â€Å"drugged an d warehoused† with their care in the hands of a team which consisted of the entire staff, including the janitor (Milwaukee County Asylum, 2013). Because this process was a typical occurrence in most mental health institutions across America, they earned a bad reputation being known as snake pits and got national attention. In October of 1963, President John F. Kennedy signed his last piece of legislation, which was meant to free thousands of patients from the unspeakable living conditions they endured in institutions. President Kennedy’s vision was to give these mentally disabled people their dignity, along with more humane care, and offer actual therapy. Unfortunately, President Kennedy was unable to see the bill through and help it along some of the more difficult obstacles it faced because he was assassinated a short three weeks after its signing. Although Kennedy’s bill changed the mental health industry significantly, only half of the community treatment centers were built due to funding issues. Waukesha County opened the doors to its mental health center in 1989 taking in the people with mental health issues and unruly behavior. To get a better

Goodner Brothers, Inc. Internal Control Issues Essay Example For Students

Goodner Brothers, Inc. Internal Control Issues Essay Goodner Brothers, Inc. Internal Control Issues 1. List what you believe should have been the three to five key internal control objectives for Goodner’s Huntington sales office. 1. Assets Safeguard The padlock and other some security are used as a physical protection of Goodner’s inventory from stolen by unauthorized person. 2. Authorization of Transaction Goodner’s policy said that the new customer required an approval of the sale manager for the credit sale. The objective of this policy is to control the authorization of employee by using an approval from the senior manager to determine the credit term of new customer. . Top-level reviews Annual review by the internal audit is used in order to inspire the operation and compare the performance with a plan of the business, so that the company can find out that there are any problems or fraud or not. 4. Human Resource Policies and Practices Goodner’s policy about hiring an employee is relied on honesty and integrity of the employee which is required 3 strong as references and preferably from reputable individual with some connection to Goodner Brother. 5. Adequate Document and Records We will write a custom essay on Goodner Brothers, Inc. Internal Control Issues specifically for you for only $16.38 $13.9/page Order now The computerized accounting system is used at each Goodner sales outlet. The system will record the sale and purchase transactions which were recorded by the bookkeeper and sales representative. So the company can record all transaction from each sale outlet. 2. List the key internal control weaknesses that were evident in the Huntington unit’s operations. Internal control weaknesses: 1. Unrestricted access to the accounting system, cause the large volume of sales and purchase transaction often swamped (possible to be double recorded) 2. Recording transactions didn’t in timely basis, instead of record from source of documents; the sales representative just recorded the entry from the scrap paper that they jotted things down. 3. Lack of segregation of duties: 3. 1 The sales person is also the one who recorded transactions. 3. 2 Shipping and billing are in the same function. 3. 3 The sales person is allow to directly access to the inventory storage and can load and deliver to customers by themselves. 3. 4 The sales person is the one who count for checking the ending inventory and completed the count sheet. 4. Took only year-end physical inventory to bring its perpetual inventory records into agreement with the amount of inventory actually on hand. (Inventory observation just only 1 time per year) 5. Poorly design to keep and record the inventory shrinkage, make it’s difficult to observe the inventory actually on hand. 6. No reconcile items sales in sales invoices, all shipping documents with the stock card take out. 7. Fail to review the customer complaint report by sales managers, even though this is one of the important sources to get the fact and give the sense of the skeptical signs. 8. No any confirmation to any customer about the products delivered, no any document 3. Develop one or more control policies and procedures to alleviate the control weaknesses you indentified in responding to Question 2. Objective: 1. All recorded transactions are properly authorized, valid (occurred), complete, and accurately. 2. Assets (cash, inventory and data) are safeguarded from loss and theft. 3. Business activities are performed efficiently and effectively Internal Control Procedures: Sales entry should be authorized, valid, complete and accurately -The accounting system should be restricted for only authorized person The transactions should be recorded in timely basis -The transactions should be recorded only from source of documents (ex. Sales invoice) -The transaction should be approved by authorized person Correct shipping and billing to customers -Reconciliation of sales order and pick up inventories -Use of bar code scanner and RFID tags to record picking and shipping (wri te off inventory, immediately -Field checks and completeness test if data entries perform manually. -Packing slip and bill of lading should not be printed until accurate shipment has been verified. -Segregating the shipping and billing functions Sales orders, picking tickets, packing slips, and sales invoices should be sequentially numbered and then periodically accounted for and every shipment is entered into the computer system. To protect the theft of inventory -Inventories keep in a secure location with restricted access. -Warehouse and shipping employees should sign the document accompanying the goods at the time the goods are transferred from inventory to shipping -Inventory should be released for shipping only with approve sales order. -Wireless communication and RFID tags can provide real-time tracking which help to reduce the theft. Physical count made periodically or surprised check -The employees responsible for inventory custody should be held accountable for any shortag e. To protect the theft of cash Segregation of duties: -Handing cash or checks and posting remittances to customer accounts. A person performing both of these duties could commit the special type of embezzlement called lapping -Handing cash or checks and authorizing credit memos. A person performing both of these duties could conceal theft of cash by creating a credit memo equal to the amount stolen. Issuing credit memos and maintaining customer accounts. A person performing both of these duties could write off as uncollectible amount owed by friends. -Monthly statement mailed to customer provides another layer of control, because customers would notice the failure to properly credit their accounts for payment remitted. -Set the policy that all customer payment should be in cross cheques (pay to Goodner Brothers, inc. only) and also inform this policy to the customers. 4. Besides Woody Robinson, what other parties were at least partially responsible for the inventory losses Goodner suffered? .udd9ce43e70fa62ece8ffd5cde8d1f87a , .udd9ce43e70fa62ece8ffd5cde8d1f87a .postImageUrl , .udd9ce43e70fa62ece8ffd5cde8d1f87a .centered-text-area { min-height: 80px; position: relative; } .udd9ce43e70fa62ece8ffd5cde8d1f87a , .udd9ce43e70fa62ece8ffd5cde8d1f87a:hover , .udd9ce43e70fa62ece8ffd5cde8d1f87a:visited , .udd9ce43e70fa62ece8ffd5cde8d1f87a:active { border:0!important; } .udd9ce43e70fa62ece8ffd5cde8d1f87a .clearfix:after { content: ""; display: table; clear: both; } .udd9ce43e70fa62ece8ffd5cde8d1f87a { display: block; transition: background-color 250ms; webkit-transition: background-color 250ms; width: 100%; opacity: 1; transition: opacity 250ms; webkit-transition: opacity 250ms; background-color: #95A5A6; } .udd9ce43e70fa62ece8ffd5cde8d1f87a:active , .udd9ce43e70fa62ece8ffd5cde8d1f87a:hover { opacity: 1; transition: opacity 250ms; webkit-transition: opacity 250ms; background-color: #2C3E50; } .udd9ce43e70fa62ece8ffd5cde8d1f87a .centered-text-area { width: 100%; position: relative ; } .udd9ce43e70fa62ece8ffd5cde8d1f87a .ctaText { border-bottom: 0 solid #fff; color: #2980B9; font-size: 16px; font-weight: bold; margin: 0; padding: 0; text-decoration: underline; } .udd9ce43e70fa62ece8ffd5cde8d1f87a .postTitle { color: #FFFFFF; font-size: 16px; font-weight: 600; margin: 0; padding: 0; width: 100%; } .udd9ce43e70fa62ece8ffd5cde8d1f87a .ctaButton { background-color: #7F8C8D!important; color: #2980B9; border: none; border-radius: 3px; box-shadow: none; font-size: 14px; font-weight: bold; line-height: 26px; moz-border-radius: 3px; text-align: center; text-decoration: none; text-shadow: none; width: 80px; min-height: 80px; background: url(https://artscolumbia.org/wp-content/plugins/intelly-related-posts/assets/images/simple-arrow.png)no-repeat; position: absolute; right: 0; top: 0; } .udd9ce43e70fa62ece8ffd5cde8d1f87a:hover .ctaButton { background-color: #34495E!important; } .udd9ce43e70fa62ece8ffd5cde8d1f87a .centered-text { display: table; height: 80px; padding-left : 18px; top: 0; } .udd9ce43e70fa62ece8ffd5cde8d1f87a .udd9ce43e70fa62ece8ffd5cde8d1f87a-content { display: table-cell; margin: 0; padding: 0; padding-right: 108px; position: relative; vertical-align: middle; width: 100%; } .udd9ce43e70fa62ece8ffd5cde8d1f87a:after { content: ""; display: block; clear: both; } READ: British ColonialismFile Name: British Colonialism EssayDefend your answer. There are several more parties beside Woody Robinson that responsible for the inventory losses Goodner suffered. Obviously, the company itself should review and improve their internal control as that their internal control is very weak. In this case study, there are several departments of the company that is directly responsible. In fact, Internal Audit Department is the most important department that responsible for this situation because internal control is like the foundation, if the foundation is good everything will be easier.

Merger-Bat Rothmans free essay sample

The report will evaluate the impact of the merger between the two companies which resulted in the capture of the largest market share in cigarettes manufacturing in Malaysia and the emerged of a â€Å"Winning Organization† tagline for British American Tobacco Malaysia Berhad. The submission is also a part of requirement for completion of FIN 745 Managerial Finance subject. ? Merger This section will provide the basic elucidation from the academic view and the basic principles of a merger. ? Tobacco Industry in Malaysia This section will provide the overview of Tobacco Industry players, market share and brand name in which the players presents. ? Background of Merger Case Study The background section will provides the merged companies and the information of the new emerge company resulted from the merger. ? Merger Transaction Details This section will provide transaction details of how the merger took and what had transpired during the merger process. ? Merger Results –Financial Performance Merger results will analyse the outcome from the financial performance perspective during and after the merger. We will write a custom essay sample on Merger-Bat Rothmans or any similar topic specifically for you Do Not WasteYour Time HIRE WRITER Only 13.90 / page ? Conclusion This section will provide the conclusion of the merger which happened between Rothmans of Pall Mall (Malaysia) Berhad and Malaysian Tobacco Company Berhad. b) Merger 1. Definition of Merger Merger is defined as the combination of two or more firms, in which the resulting firm maintains the identity of one of the firms, usually the larger one. 2. Motives of Merger i. Growth or Diversification Firms that desire rapid growth in size of market share or diversification in their range of products ii. Synergy The synergy of merger is the economies of scale resulting from the merged firms’ lower overhead. Synergy is most obvious when Horizontal merger take place as many redundant functions and employees can be eliminated. iii. Fund Raising Fund-raising merger motive happens when a â€Å"cash rich† firm merges with a â€Å"cash poor† firm. This will allow funds to be raised externally at lower cost as it will increase the borrowing power by decreasing its financial leverage. iv. Increased Managerial Skill or Technology Increased Managerial Skill or Technology happens when the merger motive is to adapt or combine the managerial personal skill or acquire the technology needed. v. Tax Considerations Tax Considerations motive happens when a firm merge with another as acquire the target’s tax loss carryforward. The tax loss can be applied against a limited amount of future income of the merged firm. 3. Types of Merger i. Horizontal Merger Horizontal merger is a merger of two firms in the sale line of business. ii. Vertical Merger Vertical merger is a merger in which a firm acquires a supplier or a customer. iii. Congeneric Merger Congeneric merger is a merger in which one firm acquires another firm that is in the same general industry but neither in the same line of business not a supplier or a customer. v. Conglomerate Merger Conglomerate merger is a merger combining firms in unrelated businesses. c) Tobacco Industry In Malaysia There are three biggest manufacturers of cigarettes in Malaysia which together control over 90% of the legal market share. The three manufacturers are: 1. British American Tobacco Malaysia Berhad (BAT) Major shareholder of British American Tobacco is British American Tobacco Holdings (Malaysia) which hold 50%. BAT manufactures the cigarettes brands of Dunhill, Kent, Pall Mall, Peter Stuyvesant, Lucky Strike, Benson and Hedges and Rothmans. BAT’s 2010 total net sales amounted to RM 3,965 million and profit after tax of RM 959 million. They are currently the market leader in Malaysia as they hold approximately 65% of market share in Malaysia. British American Tobacco Group the second largest global tobacco company with more that 700 million cigarettes sold in 2010. 2. JT International Berhad (JTI Malaysia) JT International Berhad is the Malaysian division of Japan Tobacco International. JTI Malaysia manufactures the cigarettes brands of Winston, Mild Seven, Camel and Salem. JTI’s 2010 total net sales amounted to RM 1,205. 1 million and profit after tax of RM 178. 9 million. Currently JTI held almost 10 % of cigarette market share in Malaysia. Japan Tobacco International is the third largest global tobacco company with more that 500 million cigarettes sold in 2010. 3. Philip Morris (Malaysia) Sdn Bhd (PMM) Philip Morris (Malaysia) Sdn Bhd is wholly owned by Philip Morris International. PMM manufactures the cigarettes brands of Marlboro, LM and Semporna A. Currently PMM held almost 15 % of cigarette market share in Malaysia. Japan Tobacco International are the largest global tobacco company with more that 900 million cigarettes sold in 2010. d) Background of Merger Case Study British American Tobacco (Malaysia) Berhad (British American Tobacco Malaysia) emerged on 3rd November 1999 from the merger of Rothmans of Pall Mall (Malaysia) Berhad and Malaysian Tobacco Company Berhad. These two long established tobacco companies brought with the merger, experience and an unrivalled portfolio of highly successful international brands to create the largest tobacco company in the country. British American Tobacco Malaysia manufactures and markets high quality tobacco products designed to meet diverse consumer preferences. Brand portfolio includes well-established international names like Dunhill, Kent and Pall Mall. 1. Rothmans of Pall Mall Rothmans of Pall Mall (M) Bhd was incorporated on September 1, 1961 and was listed on the Main Board of the Kuala Lumpur Stock Exchange (KLSE) on October 27, 1961. It involved in the manufacture, importation and sale of cigarettes, pipe tobaccos, cigars, the sale and distribution of luxury consumer products and the provision of travel services. Rothmans Malaysia manufacture and markets Malaysia’s leading cigarette brand, Dunhill and other brands such as Peter Stuyvesant, Perillys, Rothmans and Winfield. Its financial year ended March 31, 1999 recorded a turnover of RM1. 95 billion and a pre-tax profit of Rm616. 6 million. 2. Malaysia Tobacco Company Malaysia Tobacco Company Bhd (MTC) was incorporated on September 28, 1956, and listed on the Main Board of the Kuala Lumpur Stock Exchange (KLSE) on July 1, 1978. MTC is principally involved in the manufacture, importation and sale of cigarettes and other tobacco products in Malaysia. Through its subsidiaries, MTC is involved in the marketing and distribution of cigarettes, and the provision of travel services. British American Tobacco brands manufactured and marketed under licence by MTC include Benson Hedges, Kent, Pall Mall, Lucky Strike and State Express 555. For its financial year ended December 31, 1998 MTC recorded a turnover of RM525 million and a pre-tax profit of RM23. 2 million. e) Merger Transaction Details Both Rothmans Malaysia and MTD have entered into an Asset Sale and Investment Agreement for the purchase of JPS, and a Sale and Purchase Agreement for the acquisition of MTCM.