Riodran Manufacturing, Incorporated manufactures plastics and has several different locations throughout the United States they have a branch located in Michigan which specializes in custom plastic parts, Georgia manufactures plastic beverage containers and California which is the head of research and development, as well as a joint venture location in China which manufactures plastic fan parts. Each location has acquired their own financial and accounting system and all data input into their own systems is sent to the corporate headquarters in San Jose, California. They provide the information to corporate to be combined into corporates information systems. This information is provided to the San Jose location either by hardcopy reports …show more content…
Since all locations handle their financial and accounting systems, and these systems do not interact with each other this causes delays in financial information. According to University of Phoenix Riodran Manufacturing, Inc. (2013) consolidating the information into the corporate San Jose office is labor intensive and it can take fifteen to twenty days after the end of the month to generate company financials such as profit and loss and balance statements. It is necessary to perform audits each month and it is very labor intensive as well as costly for the company to perform. Compliance with government reports and requirements is extremely challenging due to the incompatibility of software. This is not an efficient way to run a fortune 1000 company that employs hundreds of employees worldwide. This leaves the company vulnerable to inaccurate data entry and miss-transmitted data. The recommendation I would give to Riodran Manufacturing regarding their software, information and hardware systems would be to hire an outside technology company that specializes in designing a seamless information technology systems. To use or design an enterprise resource planning information software program that can be utilized by every location and that would allow them to network all locations into one server. Of course there would be a transition period, but if they outsource to the right company to
SMW is a wholesaler of specialty micro-brewed beers. SMW purchases bottles and kegs of beer from small microbreweries in the New England area and sells them to local liquor retailers in Boston. SMW’s slogan is “Always in-stock, next day delivery.” Ted Stern, SMW’s owner and CEO, hopes to expand sales to outside of the Boston metro area within one year.
Before reading this book titled Accounting Now by Mark Sasscer, I was merely familiar with a few elements of leadership skills that I obtained from my professional experiences. I recognized that becoming a great leader; one must be confident, communicate effectively, compassionate and be able to solve problems. However after reading this book, I discovered it was essential to have these elements along with other essentials and approach that will improve and reinforce my leadership skills now and in the future. According to Mark Sasscer, there are “Ten principles of Personal Leadership” that a leader can abide in order to be a successful leader. I will describe the ten principles, including my thoughts and the elements that significantly impacted my perception of accountability and leadership.
This assignment reviews basic accounting entries for a series of transactions, emphasizes the integration of journals to the financial statements, and introduces students to these journal entries in SAP ERP
Riordan Manufacturing is an international plastics manufacturer that currently employs 550 people with projected annual earnings totaling approximately $46 million. The company is completely owned by Riordan Industries which is a Fortune 1000 enterprise with revenues of up to $1 billion. The company’s merchandises consists of plastic beverage containers that are produced at its plant in Albany, Georgia; custom plastic parts are manufactured at its plant in Pontiac, Michigan; and plastic fan parts are created at its facilities in Hangzhou, China ("Riordan Manufacturing", 2013).
Riordan Manufacturing is a multi location multi million dollar company that is looking to take advantage of a piece of software that is a state of the art sophisticated information system. Riordan would like to integrate its old information and use it to implement the new system and just have one system take care of everything. Since the corporation already has a similar system in place, this technology should be easily done with the new system. This new system should be very cost efficient and the process
Riordan Manufacturing is a global plastics manufacturer with facilities located in: Albany Georgia, Pontiac Michigan, Hangzhou China, with a research and development department located in San Jose California. This establishment has produced an annual earning of forty-six million dollars. Riordan Industries, which is the sole owner of Riordan Manufacturing, is a Fortune 1000 enterprise with revenues in excess of one-billion dollars.
Riordan Manufacturing is a worldwide fortune 1000 enterprise manufacturer of plastics with sole ownership by Riordan Manufacturing Industries. Custom plastic product parts akin to beverage containers and fan parts help generate company revenue of one billion. Riordan development and research carries out at the company’s R&D headquarters location in San Jose, California. Three additional Riordan production plants include locations in Pontiac, Michigan and Albany, Georgia with an international joint venture in Hang Zhou, China. Riordan employs a mere approximate of 550 people with company projections at $46 million a
Riordan Manufacturing is a global plastics manufacturer employing 550 people with projected annual earnings of $46 million. There is a plant in Albany, GA that produces plastic beverage containers, a plant in Pontiac, MI that produces custom plastic parts, and a plastic fan parts facility in Hangzhou, China. The corporate office is in San Jose, CA along with the corporations Research and Development Department. Riordan Manufacturing is a subsidiary of the parent company Riordan Industries, Inc. a Fortune 1000 enterprise with revenues in excess of $1 billion (Apollo Group, 2013).
Riordan Manufacturing is a global producer and manufacturer in the global plastics industries and has about 550 people that have a projected annual earning of over $46 million dollars. Riordan has a manufacturing plant located in Albany, GA that is capable of producing plastic beverage containers, another plant that is located in Pontiac MI that is capable of producing custom plastic parts, and another plant located in Hangzhou, China that produces plastic fan parts. The corporate offices and research and development department of Riordan are located in San Jose, California. Riordan Manufacturing is part of Riordan industries Inc.
With having plastic manufacturer facilities in areas such as China, Michigan, and Georgia; Riordan Manufacturing has produced annual earnings over forty six million. Riordan also has a research and development department over in San Jose California. Riordan Industries are the sole owner of Riordan Manufacturing and they are one of the Fortune 1000 enterprises with their worth being more than one billion. With having facilities in areas all over the US and even China, Riordan proves that they are a successful business.
The purpose and goal behind researching the income statements and balance sheets then calculating the ratios is mainly to help creditors and investors make their decisions easier and faster. The way we are presenting our research results helps the investors and creditors make the decision which of the companies is more worthy to invest in or loan money too without taking a risk, and lowering the chances that they will be disappointed by the results of their investment, or in the creditors case they can be almost certain the company they are loaning the money to would be worthy enough of paying the money back without a hassle.
Riordan Manufacturing Industries is a worldwide manufacturer of plastics who employs 550 employees and they are a Fortune 1000 enterprise. Presently, there are three sites that they manufacture from in Hangzhou China they manufacture fan parts made out of plastic. In Pontiac, Michigan they create plastic parts for customer and in Albany, Georgia they produce plastic beverage container. On the other hand
QuickBooks and Sage 50 Accounting are both great options for small business accounting. These programs help manage business finances which can drastically save time that may have been spent creating Excel spreadsheets and more. However, while both programs are sufficient for small businesses, the programs differ based on what they can offer your company.
The aim of this report is to discuss the various methods of reducing computer fraud and to find out whether the computer security measures is necessary. In the main body of this report discuss about whether the
Ahmed, A., McAnally, M., Rasmussen, S. & Weaver, C. (2010). How costly is the sarbanes oxley act? Evidence on the effects of the act on corporate profitability. Journal of Corporate Finance, 16, 352-369.