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Hrm applying objective in the accounting field

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Objective of Managing International Human Resources course:

· Analyze the major differences between the global human resources function and the domestic human resources function in various world regions, and the impact this has on the global business manager.

· Organize Human Resources strategies that must be developed to support international business activity.

· Assess the options available to global HR managers to locate, attract, hire and retain employees for international and domestic operations.

· Propose key drivers to performance management to ensure strategic cohesion and competitiveness in the global context.

· Evaluate the effectiveness of organizational training and development initiatives in the global context.

· Evaluate the compensation and benefits programs used to improve organizational performance in a global organization.

· Examine the issues and impact labor has on the economic and social life of the business in a global business setting.

· Illustrate the similarities and differences in international management based on the diverse systems of values, beliefs, and attitudes between countries.

Based on the objectives above-listed, please answer the following three questions. APA Format. No word limit. 

1. How will you apply the above objectives in the Accounting field?

2. How would this be considered significant to you in the Accounting field?

3. Based on your knowledge of the above what can you use directly in the Accounting field?

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July 1, 2023
    
                            Howie Stars produces starts for elementary teachers to reward their students. Howie Stars' trial balance on June 1 follows:                               HOWIE STARS
Trial Balance
June 1, 2014                       Balance                     Account Title Debit Credit                     Cash $19,000                       Accounts receivable 188,000                       Inventories:                              Materials 5,700                            Work in process 42,500                            Finished goods 22,000                       Plant assets 260,000                       Accumulated depreciation   $70,000                     Accounts payable   135,000                     Wages payable   1,700                     Common stock   140,000                     Retained earnings   190,500                     Sales revenue   —                     Cost of goods sold —                       Manufacturing overhead —                       Marketing and general expenses —                       Total 537,200 537,200                                           June 1 balances in the subsidiary ledgers were as follows:                   – Materials subledger: Paper, $4,700; indirect materials, $1,000                 – Work in process subledger: Job 120, $42,500; $0 for Job 121                  – Finished goods subledger: Large Stars, $9,600; Small Stars, $12,400                                           June transactions are summarized as follows:                     a. Collections on account, $141,000.                     b. Marketing and general expenses incurred and paid, $22,000.                 c. Payments on account, $42,000.                     d. Materials purchases on credit: Paper, $22,900; indirect materials, $4,300.               e. Materials used in production (requisitioned):
     – Job 120: paper , $850
     – Job 121: paper, $7,750
     – Indirect materials, $1,800                   f. Wages incurred and assigned during June, $34,000. Labor time records for the month: Job 120, $4,500; Job 121, $16,600; indirect labor, $12,900.     g. Wages paid in June include the balance in the Wages payable account at May 31 and $31,300 of wages incurred during June.     h. Depreciation on plant and equipment, $2,700.                   i. Manufacturing overhead was allocated at the predetermined rate of 60% of direct labor cost.           j. Jobs completed during the month: Job 120, 200,000 Large Stars at total cost of $55,550.           0 k. Credit sales on account: all of Job 120 for $104,000.                   l. Closed the Manufacturing overhead account to Cost of goods sold.                                           Requirements:                     1. Journalize the transactions for the company. Howie uses a perpetual inventory system.             2. Open T-accounts for the general ledger, the Materials ledger, the Work in process ledger, and the Finished goods ledger. Insert each account balance as given, and use the reference Bal. Post the journal entries to the T-accounts using the transaction letters as a reference. 6   3. Prepare a trial balance at June 30, 2014.                     4. Use the Work in process inventory T-account to prepare a schedule of cost of goods manufactured for the month of June.     5. Prepare an income statement for the month of June.                                           0                        
default image
July 1, 2023
    
                            Howie Stars produces starts for elementary teachers to reward their students. Howie Stars' trial balance on June 1 follows:                               HOWIE STARS
Trial Balance
June 1, 2014                       Balance                     Account Title Debit Credit                     Cash $19,000                       Accounts receivable 188,000                       Inventories:                              Materials 5,700                            Work in process 42,500                            Finished goods 22,000                       Plant assets 260,000                       Accumulated depreciation   $70,000                     Accounts payable   135,000                     Wages payable   1,700                     Common stock   140,000                     Retained earnings   190,500                     Sales revenue   —                     Cost of goods sold —                       Manufacturing overhead —                       Marketing and general expenses —                       Total 537,200 537,200                                           June 1 balances in the subsidiary ledgers were as follows:                   – Materials subledger: Paper, $4,700; indirect materials, $1,000                 – Work in process subledger: Job 120, $42,500; $0 for Job 121                  – Finished goods subledger: Large Stars, $9,600; Small Stars, $12,400                                           June transactions are summarized as follows:                     a. Collections on account, $141,000.                     b. Marketing and general expenses incurred and paid, $22,000.                 c. Payments on account, $42,000.                     d. Materials purchases on credit: Paper, $22,900; indirect materials, $4,300.               e. Materials used in production (requisitioned):
     – Job 120: paper , $850
     – Job 121: paper, $7,750
     – Indirect materials, $1,800                   f. Wages incurred and assigned during June, $34,000. Labor time records for the month: Job 120, $4,500; Job 121, $16,600; indirect labor, $12,900.     g. Wages paid in June include the balance in the Wages payable account at May 31 and $31,300 of wages incurred during June.     h. Depreciation on plant and equipment, $2,700.                   i. Manufacturing overhead was allocated at the predetermined rate of 60% of direct labor cost.           j. Jobs completed during the month: Job 120, 200,000 Large Stars at total cost of $55,550.           0 k. Credit sales on account: all of Job 120 for $104,000.                   l. Closed the Manufacturing overhead account to Cost of goods sold.                                           Requirements:                     1. Journalize the transactions for the company. Howie uses a perpetual inventory system.             2. Open T-accounts for the general ledger, the Materials ledger, the Work in process ledger, and the Finished goods ledger. Insert each account balance as given, and use the reference Bal. Post the journal entries to the T-accounts using the transaction letters as a reference. 6   3. Prepare a trial balance at June 30, 2014.                     4. Use the Work in process inventory T-account to prepare a schedule of cost of goods manufactured for the month of June.     5. Prepare an income statement for the month of June.                                           0                        
default image
July 1, 2023
    
                            Howie Stars produces starts for elementary teachers to reward their students. Howie Stars' trial balance on June 1 follows:                               HOWIE STARS
Trial Balance
June 1, 2014                       Balance                     Account Title Debit Credit                     Cash $19,000                       Accounts receivable 188,000                       Inventories:                              Materials 5,700                            Work in process 42,500                            Finished goods 22,000                       Plant assets 260,000                       Accumulated depreciation   $70,000                     Accounts payable   135,000                     Wages payable   1,700                     Common stock   140,000                     Retained earnings   190,500                     Sales revenue   —                     Cost of goods sold —                       Manufacturing overhead —                       Marketing and general expenses —                       Total 537,200 537,200                                           June 1 balances in the subsidiary ledgers were as follows:                   – Materials subledger: Paper, $4,700; indirect materials, $1,000                 – Work in process subledger: Job 120, $42,500; $0 for Job 121                  – Finished goods subledger: Large Stars, $9,600; Small Stars, $12,400                                           June transactions are summarized as follows:                     a. Collections on account, $141,000.                     b. Marketing and general expenses incurred and paid, $22,000.                 c. Payments on account, $42,000.                     d. Materials purchases on credit: Paper, $22,900; indirect materials, $4,300.               e. Materials used in production (requisitioned):
     – Job 120: paper , $850
     – Job 121: paper, $7,750
     – Indirect materials, $1,800                   f. Wages incurred and assigned during June, $34,000. Labor time records for the month: Job 120, $4,500; Job 121, $16,600; indirect labor, $12,900.     g. Wages paid in June include the balance in the Wages payable account at May 31 and $31,300 of wages incurred during June.     h. Depreciation on plant and equipment, $2,700.                   i. Manufacturing overhead was allocated at the predetermined rate of 60% of direct labor cost.           j. Jobs completed during the month: Job 120, 200,000 Large Stars at total cost of $55,550.           0 k. Credit sales on account: all of Job 120 for $104,000.                   l. Closed the Manufacturing overhead account to Cost of goods sold.                                           Requirements:                     1. Journalize the transactions for the company. Howie uses a perpetual inventory system.             2. Open T-accounts for the general ledger, the Materials ledger, the Work in process ledger, and the Finished goods ledger. Insert each account balance as given, and use the reference Bal. Post the journal entries to the T-accounts using the transaction letters as a reference. 6   3. Prepare a trial balance at June 30, 2014.                     4. Use the Work in process inventory T-account to prepare a schedule of cost of goods manufactured for the month of June.     5. Prepare an income statement for the month of June.                                           0                        
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