Inspector General

Establish running balance ledger accounts for each supplier in the subsidiary ledger and an Accounts Payable Control account in the general ledger. Post the amounts from the journals to the subsidiary and control accounts. B. Prepare a schedule of accounts payable as at 30 June and compare the total with the balance in the control account. Problem 7.1 – Accounting with Sales

1. The authors Joanne Martin and Caren Siehl are focusing on organizational culture and its counterculture. The definition given by the authors for counterculture states that counterculture will most likely arise in a strongly centralized organization that has allowed a reasonable decentralization of authority to take place. The article assumes that cultural systems can emphasize as well as sustain the objectives of the firm’s top management. The main argument here is that in addition to serving

General Motors Company is an American global auto-manufacturer with its headquarters in Detroit, Michigan. It is world’s second largest automaker after Toyota. GM is conducting business in more than 157 countries, employing over 209,000 people. It manufacture cars and trucks in 31 countries and sell, service its product through these divisions-Buick, Cadillac, Chevrolet, GMC, Opel, Holden and Vauxhall. It was established in 1908. It has led global sales for continuous 77 years from 1931 to 2007.

small level of skepticism about Chevrolet being able to deliver the Volt on time and capture enough of the market share to succeed. The market share of Chevrolet is estimated to be 22 percent in 2009 with a continued drop to 19.7 percent by 2014 (General Motors Corporation, 2008). Marketing managers must also look at the macro-environment to come up with a coherent marketing strategy. Demography is important for the marketer to try and determine the population size, location, race, and occupation

more fuel efficient vehicles instead of large SUV’s and trucks (S&P, 2008, p.1). The following analysis will discuss in detail the external environment of the auto industry and then transition to examining the internal environment of the U.S. firm, General Motors. GM is a large and well known domestic auto manufacturer that was the leader in U.S. auto sales for many years and at one time possessed a 47.4% market share. However, GM is now more

The Decline and Collapse Of General Motors ntroduction General Motors (GM), who once dominated the automobile industry, has now plummeted, almost to the point of extinction. Throughout the 1940’s to the 1970’s General Motors (GM) had dominated the automobile industry. By the 1980’s, GM was suddenly facing a shift in the economy and consumer demands. GM’s Earlier Successes In the 1950’s, GM agreed to pay their workers well, by signing groundbreaking long-term employment union contracts which

Executive summary India is a developing country with an emerging automobile sector that grew rapidly over the past few years. It has become Eleventh largest passenger car producer. India is the largest democracy in the world. Recently Indian Government also came up with their ‘Auto Policy’ and the vision of this policy is “To establish a globally competitive automotive industry in India and to double its contribution to the economy by 2010.” The Indian automotive industry has already attained a

Assertions Existence and occurrence Audit Objectives: Substantiate the existence of receivables and the occurrence of revenue transactions. Prove none of the account receivables are fictitious. Completeness Audit objectives: Establish the completeness of receivables and revenue transactions. Rights and obligations Audit objectives: Determine the client has rights to the recorded receivables. Prove the accounts receivable are collectible

General Motors North America market share in 2005 fell to 25.5% compared to 26.7 in 2004. Decreased in market share also due to sales declines in segment where GM has high volume such as large sport utilities, mid-sized utilities, and mid-sized cars. The

Company Strategy Context Report Module: Bus 302 Industry Context Report Executive Summary This report complies the analysis of the new strategy for Saab Automobile following its acquisition by Spyker Cars. The report attempts to assess this strategy and its potential success with an evaluation and analysis of the industry, strategy, macro environment, competitive advantage and sustainability of the competitive advantage. Various frameworks were applied in this report, including