Human Resources Audit Analysis

1. What is the LCM Rule for Inventory? Explain with suitable examples. LCM Rule i.e Lower of cost or market value is a rule which is applied and followed by the firm’s accountant while recording value of inventory in the financial statements. Basically firm records all of its assets in the financial statements at their original cost (cost which is initially incurred to acquire these assets), but this is not an established rule for recording inventory, and hence at the time of recognizing and valuing inventory in the financial statements, cost principle , which businesses follow for entirely all of their asset is not recognized for inventory.

The data can be collected through information fragments found through surveys and interviews, job specifications or description, it is never found in a person description. Purpose of Job Analysis: The main purpose of the analysis is to set and record the employment

1. PURPOSE The purpose of this case study is to clearly identify the roles and relationships within the compensation management division in human resources. While identifying the roles and relationships within the compensation division the following are to be considered; traditional bases for pay, incentive pay, and employee’s performance appraisals in correlation to compensation/benefits. Additionally, evaluating the compensation/benefits division there are certain required and discretionary benefit laws that govern employer-sponsored retirement and health insurance plans which require review for employee satisfaction.

Process flow documentation would supplement the SOPs by providing a visual of the processes, including handoffs to other offices, and could be scenario-based to cover all cases that may arise during the recruitment and hiring process. Creating checklists would add value by showing at-a-glance what needs to be done to complete individual tasks. A POC list would add value by giving information about key players involved in the process enterprise-wise, including the details about their role and where they fit in, which office they work in, and their contact

This access allows the employee to make any changes to their performance during the evaluation period. These changes could

A year-end income statement shows the income and expense performance for the company for the entire year. Monthly and quarterly income statements are often issued as well. The balance sheet, on the other hand, only shows a picture of the company on a single date in time. The balance sheet does not reflect a period of time but rather a moment in time.

They reject him after not obtaining any kind of information regarding the new changes he implements. For the staff, the selection or acceptance of a leader is based on their prototypically of representativeness within the group (Iszatt-White & Saunders, 2014:106). Francois is not perceived as someone to best embody the behaviours to which other, less prototypical members are conforming (Hogg, 2001). Only his status, as a sales manager, allows him to exercise power over the staff. Members assume that someone who is prototypical is motivated by the same desire they have.

Aaron hired the equipment as a consumer to refurbish his office premise. He was not dealing with this nature of business. Under UCTA, the exclusion clause was void to exclude the liability for personal injury due to negligence. Minor injuries were caused to Aaron due to negligence maintenance by EFG. Hence, Aaron was not bound by the clause, and he can claim for his personal injury damage.

of the Company is quite simply matching the scale of production and business of the company. Accountants are arranged logically, matching the ability level of each person. The division of tasks between the parts of the accounting system helps accounting to be fully and accurately with transactions in the period. The Company

Therefore, PMS was developed to manage the performance within organizations. 2.2 Methods Adopted in Reviewing Performance Various methods or techniques have been developed by the experts to assess the performance of the employees. a) 360-Degree Employees rate themselves on various performance dimensions and this is compared to the assessment of others to arrive at a definitive conclusion about the employees’ performance. The information is either gathered confidentially or by the employee nominating people to assess his performance all year round. During this process a gap analysis is performed to examine areas of discrepancies and improvement which adds on to the qualitative nature of the process.

The factors they take into account are as follows: employer judgement, a job description that is made before advertising for employees, consequences of not requiring the performance of functions be said employee, terms of a collective bargaining agreement, past employee’s experience of job functions, and current work experience of the employee holding the position. In reviewing the job descriptions, the court revealed that the job function, of transporting the excavator, was already assigned to the truck driver and that none of the job postings in 2007 established transporting the machine as an essential function. Next, the court looks at the amount of time Henschel spent driving the machine to sites. We can see that in the testimony Henschel drives it around 70 percent of the time, but that does not attest to how much it is actually driving, because Henschel stated that 90 percent of the time, the machine sits at a site.

The Accounting Manager signs and dates the printout which is attached to the JE as back-up support. Any variances will be investigated further. The allowance is calculated based on set % for aged receivables. Receivables aged 91-120 days is reserved for at 10% and balances aged greater than 120 days are reserved at 15%.

The same could be said for holding a job open for an employee in a similar situation who requires additional recuperation or healing time. While California’s disability leave provisions do not necessarily pinpoint exactly how much leave is necessary in this type of situation, the question is approached on a case by case basis with the Courts expecting employers and employees both to be reasonable. Unfortunately, there is not appropriate “one size fits all” policy that would allow us to use an exact formula to determine how much time is necessary for a reasonable leave of absence. It is evident that employers who automatically terminate employees who need additional time after utilizing the 12 weeks as provided in accordance with FMLA, may be found in violation of California labor law.

Kevin Wallace human resources audit:1 MGMT 361 9/27/2017 Columbia college Columbia college is located at 123 Missouri Hall, 1001 Roger Street. Columbia, MO 65216. Columbia college main campus and all the satellite campuses goals are to educate and train future members of society so they may gain meaningful employment and improve their economic well-being. The main campus is in Columbia Missouri. There are 35 locations in the United States and 15 campuses on military bases.