Category: Accounting

Company Name: New-Trust Bank, Dallas TX

Posted on | by Brian Leakey

The bank is helping companies to do online transactions with the customers who hold their credit cards (New-Trust Bank Credit Card). The Bank has a headquarters in Dallas TX with 300 employees.

FDIC regulations require that Banks must keep customer information (including contact, identification, and transactions) for five years after the account is closed.
Question 1:

Client/Server Network for Intranet.

New-Trust Bank’s IT system is cable of processing 15,000 customers a day. All Customer accounts are kept in the Customer Accounts database and there is a backup system to fulfill the FDIC regulations. Customer transaction information has to be moved to the long-term memory (archive) for backup and to fulfill the FDIC regulations. This database is within the New-Trust Bank IT data center. All company employees will be connected to the Customer Accounts database via the intranet.

Task: Develop a Client/Server diagram for the Bank’s management office intranet only. You should present the client computers (office PCs), network devices, the customer accounts database, and long-term data storage (archive) in your Intranet diagram. You should not be specific about the number of computers in the LAN, you can use generic numbers for presentation purposes. For security reasons; there is no requirement for wireless devices. All connections must be via cable.

Your Intranet diagram has to have the following components

Bank’s management office intranet:

Client Computers (Office PCs),
Network Devices (switch, router, etc.)
Server(s)
Customer Accounts Database
Employee Database
Long-term Data storage (archive) for Customer Accounts
Connections /cables
You may use DRAW.IO for your Client/Server diagram.

You should write at Top right corner Meet Patel and New Trust Bank name on your diagrams.

Question 2:

Cloud Computing

It looks like New-Trust Bank Credit Card will become very popular in near future. And there will be more companies that will accept Bank Credit Cards in the future. Each company will bring more customers for the Bank. This growth in customer numbers is of course good for the Bank, but the Bank managers are worried about the current data center and the FDIC regulations. The current data center cannot handle this fast growth of customer numbers. They need your help with the solution.

Consider the Bank’s IT system and the expectations from the Bank Management to accommodate the expansion of the customer numbers and FDIC regulations. Which sections/components/services would be achieved by Cloud Computing?

List the IT components that can be moved to Cloud. So, the Cloud service provider can help the growth of the company
List the IT components that can NOT be moved to Cloud. These are the section(s), you would not move to the cloud. List the IT components that can be done by the on-site data center (not Cloud Computing) and write the reason for not caring over to the cloud.

Question 3:

Web Page Structure

New-Trust Bank’s website has three different sections for three different business interactions.

Section 1 Personal accounts are accessible via the internet and open to the public. And should have the following subsections

Opening page/ welcome/opening page
Locations and business hours
User Login page
Latest rates for the loans
Incentives for new customers
Section 2 Employees can access via the intranet, employee accesses only and is not open to the public. And should have the following subsections

Opening page/ welcome/opening page
This week’s upcoming activities/projects
Link to the Human Resources department’s webpage
Link to the Marketing department’s webpage
Link to IT department’s webpage
Section 3 Corporate accounts are accessible via the internet and open to only partner companies. And should have the following subsections

Opening page/ welcome/opening page
Locations and business hours
Login page for the corporate accounts
Task: Develop the Bank’s Website structure for Intranet only. You should first decide which sections should be under this Website and then draw the Website Structure using a block diagram. Please refer to the lecture notes for a similar case. This section of the website should not be open to the public.

Using standardized financial information

Posted on | by | Leave a Comment on Using standardized financial information

 

 

 

 

 

There are many ways of using standardized financial information beyond those discussed in this unit. The usual goal is to put firms on an equal footing for comparison purposes. For example, for auto manufacturers, it is common to express sales, costs, and profits on a per-car basis. For each of the following industries, give an example of an actual company, and discuss one or more potentially useful means of standardizing financial information:

public utilities,
large retailers,
airlines,
online services,
hospitals, and
college textbook publishers.
Once you identify the company for each industry, select a particular firm, and calculate four ratios of your choice for 2 consecutive years. Once computed, then provide a 2-year trend analysis. Finally, discuss whether you would or would not invest in this company, including an explanation of why that involves the ratio analysis.

Return on assets and Return on equity

Posted on | by Brian Leakey | Leave a Comment on Return on assets and Return on equity

Search Yahoo Finance and/or any other credible source(s) to find the most recent income statement and balance sheet of a major corporation, then perform a vertical financial analysis incorporating:

Debt ratio
Debt to equity ratio
Return on assets
Return on equity
Current ratio
Quick ratio
Inventory turnover
Days in inventory
Accounts receivable turnover
Accounts receivable cycle (in number of days)
Accounts payable turnover
Accounts payable cycle (in number of days)
Earnings per share (EPS)
Price to earnings ratio (P/E)
Cash conversion cycle (CCC)
Working capital
Explain Dupont identity. Apply it to your selected company. Interpret the components in Dupont identity.
Provide detailed and precise explanations and definitions. Be sure to submit the financial statements along with the vertical financial analysis.

The role of the CFO

Posted on | by admin3

 

You are the CFO of your organization where you will be deciding between three choices of consolidation. This assignment will ask you to select a choice that best supports short and long-term goals of common stock of a company compared to two choices with minority interests. All three choices represent control and significant influence over the subsidiary. In the below scenario, you are tasked with integrating the merger between two companies. You will select two companies from the same industry on the NASDAQ stock exchange. One will be the parent company while the other will be the subsidiary.
Scenario
You have three choices, any of which you believe that the board of directors will support:
Choice 1: Your company acquires 80% percent of the common stock of the target company with a minority interest of 20%.
Choice 2: Your company acquires 70% percent of the common stock of the target company with a minority interest of 30%.
Choice 3: Your company acquires 100% percent of the common stock of the target company.
Instructions
Write a 4–5 page paper in which you:
Assume the role of the CFO who has been tasked with integrating the merger between the two companies. Introduce these two NASDAQ companies, explaining pertinent background information.
Explain the manner in which the acquisition fits into your company’s operational and strategic directions.
Select two choices provided in the scenario and compare the key accounting requirements for each of the selected choices.
One of the selected choices will be presented to the CEO and Board of Directors. The BOD will ask which method will provide substantial company growth in the next three years. Explain why your choice is the best forward-facing company goals for the company.
Identify and explain at least three possible strengths, business threats, and ways to mitigate those threats as a result of the proposed acquisition choice made.

 

 

Auditing patient records

Posted on | by

 

 

 

 

You are responsible for auditing patient records to ensure that documentation justifies medical necessity of those procedures, services, or supplies that have been reported and coded on insurance claims. For each record, you locate patient diagnoses and verify the ICD-10-CM codes reported on claims. You also review documentation in the patient record to ensure that each diagnosis justifies the medical necessity of diagnostic or therapeutic procedures performed and services or supplies provided to patients.

The worksheet that you use to audit patient records includes the following items, which must be documented by the provider:

Patient history, including review of systems
Physical examination, including impression
Diagnostic test results, including analysis of findings
Diagnoses, including duration and comorbidities that impact care
Patient’s treatment, prognosis, and follow-up care
You also review Durable Medical Equipment Prosthetics Orthotics and Supplies (DMEPOS) cases to locate appropriate reports, verify that such reports have been authenticated by the physician, and review for documentation of rehabilitation care and/or medical equipment necessary for patient recuperation. Today, you have also been tasked with verifying durable medical equipment (DME) certificates of medical necessity.

What is a DME certificate of medical necessity, and when is it required?

 

 

Consumer-products company belonging to the Fortune 500.

Posted on | by Brian Leakey

Respond to the following in a minimum of 500 words.

Select a consumer-products company belonging to the Fortune 500.
Search the Claritas Zip Code Lookup site for two different zip codes in an area with which you are familiar.
Describe how the company’s key product and brand elements fit the needs of each of the markets described.
Evaluate the company’s ability to address each market.
Submit your reflection.

How quality and cost can create ethical conflict.

Posted on | by Brian Leakey | Leave a Comment on How quality and cost can create ethical conflict.

 

Considering how quality and cost can create ethical conflict. Frequently we are asked to consider overbilling services, overuse of resources, or underuse of resources in an effort to contain costs or increase revenue. The APRN must understand how to analyze health care resource expenditures relative to their possible benefit.
The learner must demonstrate an ability to critically evaluate the practices and principles inherent in providing high-quality care in line with the IOM’s 6 domains of quality.
The IOM says health care should be safe, effective, timely, patient-centered, efficient, and equitable.