Process Analysis Essay on The Paperwork Approach versus HR Functions A

Process Analysis on The Paperwork Approach versus HR Functions Automation - Essay Example The organization adopts the null hypothesis that it is policies rather than approaches which determine organizations productivity. As such, the essay develops a critical analysis through which to evaluate the individual theory against the organizational null hypothesis.Currently, the organization applies the null hypothesis that there exists no productivity impact based on the management approach used. Therefore, the hypothesis is established on the assumption that an organization’s policy influences its productivity and future market success. The global market system is changing with increasing global competitions from both local and international organizations. There is a need to develop systems and practices to increase global market presence and competitiveness. To this end, the organization argued that one of the strategic approaches through which to achieve increased competition was through the reduction of the overall costs of production in the organization. Also, the o rganization adopted the need to reduce infrastructure development and installation costs required in the development and adoption of modern technology. As Heineman and Greenberger (85) stated, although this approach reduces organizational management costs in the short run period, this hypothesis can be disapproved in the future. For instance, the application of an automated HR system would reduce the overall errors and mistakes encountered when calculating and evaluating restive employee rewards and financial amounts owed by the venture. Thus, this reduces the error costs incurred by organizations in the industry.

Revenue Recognition for a Computer Hardware Company Essay

Revenue Recognition for a Computer Hardware Company - Essay Example At the beginning of 2001 the Enron Corporation scandal was covered by the media. The consequence of cooking up the numbers for Enron was a complete depreciation of its corporate stocks and an eventual bankruptcy filing. In this current market investors are weary and need reassurances that public companies are making sure its accounting and financial numbers are legit. The smallest irregularities could seriously affect the firm’s secondary stock issuance which is set for February of 2002. There are some issues that need to be attended immediately concerning the revenue recognition practices of the company. The company’s main auditors, Peale & Gowell & Quill, are concerned about four particular financial transactions that occurred recently. I am also concern about the transactions which involved revenue recognition. Most of these transaction are not recognizing the company’ revenue in the correct manner and will affect this financial results of this fiscal year by overstating the actual income of the company. The transactions are violating the generally accepted accounting principles (GAAP) and accounting theory. The revenue recognition principle states that revenue may be recognize in the accounting period in which it is earned (Weygant & Kieso & Kimmel, 2002, p.90). The first irregular transaction involves a transaction between the company and Elegant Housing. In this sale the company took a $20,000 non-refundable retainer and gave Elegant $400,000 of merchandise on trail a basis for six months. The company recognized the entire sum as earned revenue. This transaction i s wrong and should not be registered in this way. An accountant must always follow the principle of conservatism, which states that when in doubt the accounting alternative that is least likely to overstate assets and profits should be chosen (Narayanan & Bukart, 2005). A proper recognition of the transaction would be recognizing $20,000 as