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Please read the article titled, “The LIFO Conundrum: Convergence of US GAAP with IFRS and Its Implications on US Company Competitiveness.”
In the article, the author describes one implication for the FASB / IASB harmonization of accounting standards: that the IASB does not permit the use of the LIFO method for accounting for inventories.
Please draft a persuasive letter to the editors of the Wall Street Journal, in which you suggest the best (in your opinion) resolution to this problem. Consider the implications for the quality of financial reporting, the economic impacts, and any other perspective you may have. Please keep your response short, because the Wall Street Journal will not print any letter over 100 words. And remember that the quality of your exposition is a crucial factor in the persuasiveness of your argument.
1. Apply the VRIO framework in the following settings. Will the actions described be a source of competitive disadvantage, parity, temporary advantage, or sustained competitive advantage? Explain your answers.
When the union bargained for the laid off employees, the employees were told they would have future employment opportunities with the company. Do you think it was unreasonable for these laid off employees to expect the union’s help 11 years later? Wh..
For which of the following should we use an R-chart to monitor process quality? Deciding whether an airliner has sufficient fuel for its trip. Determining whether vehicles from a motor pool will run. Determining the accuracy of a forecast of "snow".
Which variable(s) has research results confirmed to be the most powerful in predicting profitability for an organization? You are a manager of a team of 50 professionals. One particular professional persists in accusing you of having your priorities ..
The stronger the competitive forces in a market:
Economically, is it better to be a Jack or Jill of all trades or to specialize in production according to one’s comparative advantage and trade internationally? (b) Provide an example of a business efficiently using this economic principle.
Analyze the PlanningShop business planning process, and determine the key factors that defined the company’s winning strategy for business planning. Next, suggest at least two methods that the company can take to identify opportunities and threats an..
Take on the role of a college administrator-how would you design a college education to meet the professional, economic, and learning demands of the twenty-first century. What areas of study do you think are most critical for today's professionals..
How would you measure customer profitability? What approach would you use in maximizing customer lifetime value? Explain.
Cummings and Worley detail a succint organizational development process. Provide an overview of steps associated with the organizational development process, and then discuss when it is best to utilize this organizational development process- in othe..
Compare and contrast the following definitions of quality. Definition 1: Quality is the totality of features and characteristics of a product or service that bears on its ability to satisfy given needs. Definition 2: Quality is meeting or exceedin..
How can having a project closure procedure improve future projects and benefit the organizations involved. What are the dimensions of project closure? Do you feel any of these factors play a bigger role in closure
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