Design gap assessment processes that capture the critical organizational needs and requirements for the implementation of an HR information system

Your organization is contemplating the purchase of a new human resource information system and has tasked you with formulating a proposal. Organizational details for you to consider for this assignment are as follows:  There are a total of 500 employees at the site; 450 non-exempt employees who clock in and out each day, and 50 exempt employees who do not use a time clock and are paid a standard weekly salary.  The organization has an electronic time capture and payroll system already in place that: – Is manually updated when employees are hired or terminate employment – Is a stand-alone application, not interacting with any other database system – Is maintained by two full-time payroll administrators, reporting to one payroll manager  Human resource records are primarily paper-based: – Employee personnel files are maintained in file folders – Personnel files are manually updated with demographic, performance, and disciplinary information – Demographic data is available currently in an Excel database, which is manually updated – Personnel files are maintained by four full-time human resource clerks, who are non-exempt and report to the full-time HR manager The new HRIS system is expected to drive a self-service approach to records management, while also ensuring confidential and proprietary data is secure. In a 12–14 page paper, with a minimum of eight scholarly sources, compare the current human resources data collection system with at least two new HRIS systems that are being considered. This assignment will assess your mastery with respect to the following course outcomes:  Illustrate the interdependency of HR information systems with existing organizational data-collection systems through informative visual maps  Design gap assessment processes that capture the critical organizational needs and requirements for the implementation of an HR information system  Evaluate HR information systems for their ability to meet organizational requirements based on needs assessments  Contrast and compare HR information systems on the basis of organizational financial requirements  Determine best practices for balancing the need for open access to data and information contained in an HR information system with the importance of protecting proprietary and confidential personal data Prompt Your paper should answer the following: What are the major factors to consider when an organization is considering upgrading or implementing a new human resource information system? Specifically, the following critical elements must be addressed:  Gap assessment – What is the present situation (legacy system), the desired future state (new HRIS), and the gaps that exist between them for the following areas of the organization? o Information Systems – requirements for hardware and operating system software architecture o Human Resources – demographic employee data variables (distinguish which system maintains, how information is updated, any controls, and connectivity with other support functions) and security of the data (availability to functional levels, i.e., employee, manager, finance, operation managers, etc.) o Operations, Finance, Quality – productivity (more or less work) of employees (management/non-management) and cost versus benefit  An informative visual map illustrating: o the current state (no HRIS) o the future state (HRIS system in place) o the interdependency and/or replacement of other databases  Capture projected implementation costs of the new HRIS, i.e., hardware, software, software license fees, facility upgrades required (electrical, mechanical, remodeling), headcount increase to recruit new skill sets, as compared to cost reductions, i.e., employee headcount reductions due to automated data collection, job eliminations, cost savings due to elimination of legacy systems, with the return on investment (ROI) calculated over a four-year period  Summarize components of each HRIS software system in a table format that visually differentiates software packages from the other. Components would be: o Objective (cost, reporting capabilities, operating system, etc.) and o Subjective (ease of use, customer service, reliability of product, customer reviews, etc.)  Develop recommendations that: o Balance the requirement to maintain the security of proprietary and confidential data with the need for self-service maintenance and access by employees o Address the varying degrees of access for managers, support functional groups based on their need to know

Outline the ethical concerns and potential outcomes in a selected ethical dilemma.

Ethical Dilemma Brief Introduction Health care administrators are confronted with ethical dilemmas and difficult decision making during their work. As we have already discovered, there are important interactions between ethical behaviors and legal issues. Health care administrators need to understand the relationships as well as the distinct differences. Health care institutions have ethics committees that play a central role in the protection of patient’s rights, the organization as a whole, and its staff. Instructions Imagine you work as a professional health care administrator in a large medical center. You have been asked to present a paper at a professional conference on medical ethics and caregiver-patient encounters. You must write a paper about a significant physician-patient ethical dilemma in a medical setting, defending the decision and conclusions made. Below is a resource with multiple ethical case studies that involved patients, their families, and members of the interdisciplinary team. Choose one of the scenarios on this site, or select a case of your own choosing from another resource. Medical Ethics and Physician-Patient Encounters: Case Studies and Best Practices. Your paper should be 3–5 pages and should include a title page and references, for a total of 5–7 pages. Strayer Writing Standards This course requires the use of Strayer Writing Standards. For assistance and information, please refer to the Strayer Writing Standards link in the left-hand menu of your course. Grading Criteria The grading criteria for this executive summary is as follows. It must include the elements listed below, so be sure to address each point. You may also want to review the performance-level descriiptions for each criterion in the scoring guide to see how your work will be assessed: Prepare a brief from the perspective of a lead administrator dealing with an ethical dilemma. Apply ethical and moral theories to a case study involving a patient and caregivers. Outline the ethical concerns and potential outcomes in a selected ethical dilemma. Propose a solution to mitigate the issues raised in a selected ethical dilemma. Defend the solution from an ethical standpoint. Use at least three peer-reviewed articles less than five years old. Provide appropriate in-text citations and reference section. Meet clarity, writing mechanics, and formatting requirements.

Identify and investigate barriers to success of these types of programs; and Develop a set of best practices to replicate this program in other communities.

As always, our capstone discussion will simulate a face-to-face classroom discussion. We will go through the questions as a group beginning with the first question. As we answer each of the questions, we will move to the next one together. Read what others have said and add to the discussion in a substantive manner. The earlier in the week that you begin posting, the deeper the conversation and learning will be. The first question in this discussion is opinion and experience-based, so you can begin immediately. In your opinion, based on what you have learned throughout your studies: How might ethics conflict with policy or legal requirements in providing health services? What’s at stake in these sorts of conflicts? As you discuss, think about such conflicts in professional situations you have encountered or discussed in previous courses. For subsequent questions please meaningfully integrate what you learned from reading as well as additional supportive articles or videos that you choose to include. The remaining knowledge application questions will be based on the Scenario. Please review the scenario before continuing on with the discussion. Please respond to the following discussion questions: What are the most concerning legal and policy concerns in this scenario? What policy guidelines would be helpful to us in exploring and addressing these issues? In module 7, we discussed ethics in great depth. Now, let’s talk about conflicts between ethics and the legal and policy concerns we are charged to address. In this scenario, does conflict exist or is the organization exempted from any responsibility toward the participants as the service/program was part of a research project? As we identify potential conflicts, elaborate on concerns in applying ethical guidelines to this situation. Contemplate how this situation might be viewed in your emphasis. In module 7, we explored resources that might support us in the ethical decision-making process. Given the legal and policy issues involved in this situation, which of the resources from last week would be useful here? Are there additional resources A large health organization has been managing a demonstration project in which older adults and people living with disabilities are provided with a range of services in their communities. The purposes of this project include: Conduct evidence-based research to better understand the value of these services in preventing further decline in health and help these individuals to stay in their own homes as long as possible; Identify and investigate barriers to success of these types of programs; and Develop a set of best practices to replicate this program in other communities. You oversee a program that provides direct service to older adults and people living with disabilities. The organization recently applied for refunding for the upcoming year. The answer is delayed and the end of the funding year is less than one month away. You and other staff members finally receive the long-awaited notification. You learn that the project was indeed a success from the services perspective. However, the overarching goal of the project, which was to gather data through a rigorous research study, has not been met. Therefore, the funding will not be renewed. Image representing a meeting of program leadership.Your organization has one month to close the program down. At a meeting of program leadership, it became apparent that the organization does not have a clear plan to accomplish this task. Some leaders are advocating a plan to not formally inform participants that the program is ending until the last week of service; this plan proposes providing participants with a letter and a list of resources during the last week of service. Others propose informing participants right away and working with them on a transition plan. Still others are unsure as to what the organization should do. Not only will older adults and people living with disabilities be affected, but so will their adult children and other family members, professional caregivers, and volunteers. All of the proposed plans are vague and lacking in substance; they involve actions to protect the reputation of the organization. The plans vary widely in the extent to which they directly address the needs of the participants. Attorneys for the organization have indicated that, because this is a research project, the organization has no legal responsibility to the participants, regardless of the level of service they have come to expect. You are unclear whether there might be a legal obligation beyond the research component. In addition, you want to act in manner that adheres to ethical guidelines.

Compare and contrast how Khaled Hosseini’s A Thousand Splendid Suns and Imtiaz Dharker’s Postcards from God portray women’s experiences in patriarchal societies

Topic:

Compare and contrast how Khaled Hosseini’s A Thousand Splendid Suns and Imtiaz Dharker’s Postcards from God portray women’s experiences in patriarchal societies

Description This is OCR Task 2 Comparative Essay. Both the novel A Thousand Splendid Suns and Postcards from God need to be compared and contrasted on their portrayal of women’s experiences in patriarchal societies. Context either societal, political, cultural need to be incorporated. This can be done through statistics, critics etc (please footnote these when used) Furthermore please incorporate context from both writers (how their backgrounds might affect their viewpoint for example and again footnote this) When quotes from the poems or novel are used and analysed please footnote them too. The chosen poems from the collection of poems are, Purdah I, Purdah II, Another Woman, The mask and A Woman’s place (however only 3-4 of these need to be used) These should be available online but I can provide a copy if needed. The boards expectations: Candidates submit an essay considering two texts exploring contrasts and comparisons between them, informed by different interpretations and an understanding of contexts.

How does Dunning’s Eclectic Paradigm help explain the international activities of the firm?

Global Strategic Marketing- Scenario Planning Project based on Companies Amazon & Walmart

PPT – 6 slides

Word Document report – 3000 words (based on the 6 slides)

Please Note: THE 6 SLIDES ALONE WITH SUPPORTING REFERENCES AND EXPLANATION/NARRATION IS REQUIRED IN 48 HOURS. THE 3000 WORDS REPORT CAN BE GIVEN AFTER 14 DAYS.

Acting as a Consultancy to a firm same as Amazon & Walmart for next 15 years you have to:

1. develop a scenario planning report for firms operating in the field defined by the activities of Amazon-Walmart
2. recommend a generic global strategic marketing strategy for a firm in this field

Testing the scenario:

1. How useful would it be to a CEO?
2. How consistent is it?
3. How archetypical (general) is it?
4. Does it describe an equilibrium?

You should consider such factors as: ( 6 slides should be based on these factors)

1. The regulatory environment
2. Economic conditions
3. Social conditions
4. Cultural conditions: consumer and organisational
5. Technological innovation
6. Global and local competitive structures

• In the assignment you need to consider where firms such as Amazon and Walmart will be operating in the future:
• Will they be able to operate on the same global level as they operate today? (Retail outlets / supply chains)
• Will the institutional environment be too challenging?
• Will there be fewer or more economic opportunities internationally?
• Will consumers be more cosmopolitan or more ethnocentric?

The Scenario building process must cover the 3 stages:

Stage 1:

• Scope
• Stakeholders
• Trends
• Uncertainties

Stage 2:

• Themes
• Consistency
• Relevance

Stage 3:

• Further Research
• Modelling
• Convergence

Scenarios based on:

• Questions:
  1. What do we know?
  2. What is unknowable?
• Representing:
  1. Continuity
  2. Shifts
• Such as:
  1. Demographic projections based on past and current trends
  2. 2024 US Presidential Elections

The report:

The report should be in a proper format with content page and flow without plagiarism.

Section 1: Scenario Planning Report Critique the report based on the 6 slides

You should focus on: 1. Market analysis: trends, uncertainties etc

2. Global strategic marketing recommendations

This section is of 1,500 words.

Section 2: Theoretical Discussion Building on section 1, you should evaluate ‘institutional distance’ as a framework for examining and explaining global strategic marketing activity. This section is worth of 1,500 words.

Section 3: Appendix This should contain the Group PowerPoint slides presented. Other supporting material such as a word document containing a supporting narrative and excel spreadsheets, graphs and charts to be included

Note: Use Times New Roman, font 12 and with 1.5 spacing. This word limit includes diagrams, tables. You should acknowledge data sources and provide references where appropriate. This may be drawn from a variety of sources. You are expected to clearly identify these source

The report should clearly identify the reason why you have reached your assessment and conclusions. All work should be supported by relevant data and clearly stated assumptions and suppositions. For example, if you do not consider technological innovation an important factor justify this through supporting material and/or clearly argued statements. This may be drawn from a variety of sources. You are expected to clearly identify these source

Few Sources to use:

Sven Hollensen Title: Global Marketing

Nicholas Alexander and Anne Marie Doherty Title: International Retailing

Geoffrey Jones Title: Multinationals and Global Capitalism

1. Kostova, T., Beugelsdijk, S., Scott, W.R., Kunst, V.E., Chua, C.H. and van Essen, M., 2020. The construct of institutional distance through the lens of different institutional perspectives: Review, analysis, and recommendations. Journal of International Business Studies, 51(4), pp.467-497.
2. Kostova, T., and Zaheer, S. 1999. Organizational legitimacy under conditions of complexity: The case of the multinational enterprise. Academy of Management Review, 24(1): 64–81.
3. Stevens, C.E., Xie, E. and Peng, M.W., 2016. Toward a legitimacy‐based view of political risk: The case of Google and Yahoo in China. Strategic management journal, 37(5), pp.945-963.
4. Puck, J.F., Holtbrügge, D. and Mohr, A.T., 2009. Beyond entry mode choice: Explaining the conversion of joint ventures into wholly owned subsidiaries in the People’s Republic of China. Journal of International Business Studies, 40(3), pp.388-404.

For theoretical aspects :

• Economic explanations
  • How does Dunning’s Eclectic Paradigm help explain the international activities of the firm?
  • Most recent comprehensive restatement of the Eclectic Paradigm to be found in Dunning and Lundan (2008)
• Institutional distance is a construct which helps to explain how firms operating in different national markets encounter contrasting institutional environments in the firm’s home market (in which they will be embedded) and those host markets in which the firm operates
• From a strategic marketing perspective this has fundamental implications for how firms manage their presence in a market and how they communicate with stakeholders across markets
• It has fundamental importance for the decision to adopt a global marketing strategy or a multinational marketing strategy
• Institutional distance is a construct that acknowledges contextualisation of economic activity within social structures.
• The antecedents of institutional distance lie in political economy and economic sociology.

Critically evaluate the legal effects of Brexit on UK businesses.

                 Critical essay

This coursework will be assessed against the following criteria:

• Breadth and depth of knowledge and understanding of European Union law;
• Use of relevant legal authorities and referencing;
• Critical engagement;
• Analysis and conclusions;
• Writing style and structure.

Question:

Critically evaluate the legal effects of Brexit on UK businesses. Consider, in particular, the barriers to exporting goods to the EU, and the ability of UK businesses to challenge measures that make it more difficult to trade in EU Member States.

Explain and assess Hume’s theory of the moral obligation to keep promises.

Topic:

Explain and assess Hume’s theory of the moral obligation to keep promises.

Description 2500 word essay Looking at reaching the top criteria on the marking rubric Required reading Treatise Book 3, part 2 Of justice and injustice Enquiry concerning the Principles of Morals, section 3 Of justice and appendix 3 Some farther considerations with regard to justice Further reading Theories of Justice B. Barry, University of California Press, 1989 Paradoxes of Rationality and Cooperation ed Richmond Campbell and Lanning Sowden, University of British Columbia Press, 1985 ‘Hume: norms and the obligation to be just’ S. Darwall in his The British Moralists and the Internal ‘Ought’ Cambridge 1995 ‘David Hume: contractarian’ D. Gauthier, Moral Dealing Cornell Convention, D. Lewis, Blackwell 1969 Utilitarianism, JS Mill Chapter 5 Justice ed A. Ryan, OUP 1993 ‘Promising and obligation’ T Pink in Philosophical Perspectives 2009, edited by John Hawthorne and Jason Turner

Discuss one example related to Social Engineering Threats in each of the following categories in the smart emergency services scenario

Learning Outcomes to be assessed (as specified in the validated module descriptor https://icis.southwales.ac.uk/ ): 1) To analyse and evaluate different approaches to the implementation and management of security and threats within an organisation. 2) Perform risk, threat and vulnerability analysis, undertake security counter-measures and the application of the various standards related to information security. Provisional mark only: subject to change and / or confirmation by the Assessment Board Coursework Requirements You will need to produce a 2400 words report. *** General Information You are required to use your own created figures and tables (correctly labelled) within your report. Do not include any imported or previously submitted figures or tables within your report. Where applicable it should include citations and quotes, referenced correctly using the USW Harvard referencing format and a reference page listing your sources. You should submit your report in PDF format, renamed using the naming convention: . Assessment Task “Launch of “Smart Care” – A Smart Healthcare System” Smart Care is a start-up established in the South Wales Valleys to offer Smart Health Care digital services across Europe. You have recently joined the company as an employee-partner and asked to do a security and threat analysis and submit a report with recommendations regarding secure launch and operation of Smart Care. The features of Smart Care are following: • Telemedicine operations • Smart hospitals • Augmented Reality/ Virtual Reality patient appointments • Remote Patient monitoring devices • Drone-assisted medicine delivery to smart homes Figure 1: Smart Care at the centre of Digital Health Care Services ecosystem Figure 1 shows the operating landscape of Smart Care. The main Smart Care participants include patients, healthcare service providers, pharmaceutical companies, regulatory bodies and Government entities. Once you have moved from the Boardroom to the Breakroom, you have scribbled down the following requirements that you aim to complete as a set of activities as part of the more complex process: Question 1: Identify data assets, their owners, their sensitivity level and specify data handling controls: (marks 18%; approximately 250 words) a) Identify data assets (minimum five non-overlapping data assets for each participant, namely, doctors, patients and regulatory body) (marks 3%; approximately 30 words) b) Identify data asset owner for all identified 15 data assets (marks 3%; approximately 30 words) c) Evaluate data asset classification levels (i.e., sensitivity as high, moderate, and low) for CIA Triad. (marks 3%; approximately 15 words) d) Identify adequate data handling controls for operations, namely, access control (confidentiality), encryption (confidentiality and integrity) and monitoring (integrity and availability) for high, moderate, and low sensitive data. (marks 9%; approximately 175 words) Question 2: As a result of a joint-venture with a US organisation, Smart Care is expected to grow as a medium-sized organisation (50 to 249 employees). You are required to write few sections of an Information Security Management Policy document. (marks 40%; approximately 1150 words) a) Asset Management (marks 10%; approximately 300 words) b) Physical Security Controls (marks 10%; approximately 300 words) c) Disaster Recovery Plan for Business Continuity (marks 20%; approximately 550 words) Question 3: Solve the following problems: (marks 42%; approximately 1000 words) A. James Anderson works in a team that supports smart water company customers who are struggling to keep up with the payments. He’s just received a call from an uncle of one of the customers, who is asking for details about a customer’s difficulties so that he can help the customer. What do you think James should do in this situation? (5 marks; approximately 150 words) B. Catherine runs a large smart transport company. She’s recently advertised for new staff. She’s been inundated with applications and doesn’t have a long time to review them all. She is travelling with a colleague to a conference tomorrow, so she’s planning to take a laptop on the aeroplane, along with the paper CVs she’s received. That way, they can both sort through everything on the journey. How would you advise her to take appropriate actions to protect personal data of applicants? Provide technical advice. (5 marks; approximately 150 words) C. Meet Mr Khan. He’s got an appointment to visit his doctor, but unfortunately, it doesn’t turn out quite how he expected. As Mr Khan arrives at the surgery, he’s surprised to find personal details about his appointment on display in the waiting room, for all to see. Then when he eventually talks to the doctor, it turns out she’s referring to the wrong patient file. It’s all very annoying. The doctor is unable to find his file anywhere. List the data mismanagement issues and identify possible solutions to avoid this type of situation in the future. (6 marks; approximately 200 words) D. Know your enemy: identify misclassified threats from the following figure and suggest corrective measure. (14 marks; approximately 300 words) Figure Source: Information Security Essentials – Understanding the Threats (USW) E. Discuss one example related to Social Engineering Threats in each of the following categories in the smart emergency services scenario: identify a relevant security control and mention its ISO 27001 Standard category: (technical; physical; legal and administrative): (12 marks; approximately 200 words ) a. Authority b. Liking c. Reciprocation d. Social Validation

Describe, and critically evaluate, both theoretically and in practice, different regional models of corporate law & governance;

International Corporate Law & Governance

Task details: You should read the attached memorandum of instructions. Then write a report as instructed. As indicated in the memorandum, the audience for your report is your principal. Instructions: In this report-style you should work to prepare a detailed report for the client on the issues identified in the instruction memorandum. Your report should cover both legal and practical advice and should be addressed to the board of directors. Therefore, you should assume that you are addressing a sophisticated but non-lawyer audience, so some explanation of legal concepts will be required. As well as legal analysis, you should consider fully the political, technological, philosophical and economic implications of issues arising from the instructions. Writing style Arial 12pt with 1.5 spacing page numbers at the bottom of the page Referencing: Oscola Word count 2,500 words including references/Footnotes excluding bibliography excluding 250 word individual overview Knowledge and Understanding. 1. Demonstrate an advanced and detailed knowledge and understanding of the fundamental legal concepts that characterise corporate identity and activity in a global context; 2. Describe, and critically evaluate, both theoretically and in practice, different regional models of corporate law & governance; 3. Operate professionally, ethically and with cultural awareness in a global corporate context. Practical, Professional or Subject Specific Skills 4. Advise on legal and regulatory matters 5. Produce a report on legal issues for a business client Transferable/Key Skills and other Attributes. 6. Locate and synthesise information from a range of published literature and electronic sources and present this effectively in oral, written and other media. Important to the writer: The answer demonstrates the willingness of the writer to challenge oneself and formulates new original ideas. The writer critically integrates various perspectives and demonstrates outstanding scholarly style in relation to structure, logical progression and clarity. It synthesises reference material from a wide range of sources. Overall outstanding. 1. Knowledge Outstanding knowledge. Theory is linked to practice to an exceptional level and may be used to formulate new questions, ideas or challenges 2. Cognitive processes Outstanding critical analysis and synthesis. Incorporates evidence of original thinking 3. Professionalism Outstanding awareness of self and relationships with others. Outstanding knowledge of the team and their contribution to it. Outstanding awareness of group values beliefs, ethical and political issues. Outstanding awareness of operation within scope of practice. 4. Communication Presentation is outstanding demonstrating a fluent academic style. 5. Motor skills Safe, outstanding application of skills, perceives the situation as a whole 6. Referencing and using evidence Synthesis of reference material from a wide range of sources both within and across professions. The legal issues should not only be stated but also explained. I.e. go deep enough into the specific legal issues that arise in the scenario. – Do not just write discursively and generalize. The writer has to explain how to apply the relevant law using primary and secondary sources to arrive at the correct conclusion! The writer needs excellent in critical analysis and synthesis and the arguments are handled with imaginative interpretation of the material. The writer has to demonstrate scholarly style in relation to structure, logical progression and clarity. Important is detailed use of relevant primary and secondary sources which are well referenced and used creatively to develop the work. Memorandum of Instructions From: Jane Ball (Corporate Partner) To: Ellen Collini (Associate) Date: 3 rd April 2021 Westlands Group PLC As you know, one of our most important corporate clients is Westlands Group PLC (Westlands), a large multi-national corporation which is quoted on the FTSE 350 on the London Stock Exchange. This morning I met with Ralph Warner, Thomas Richardson and Pranav Choudhury, respectively the Chairman, CEO and finance director of Westlands to take instructions on some extremely important issues that they are currently dealing with. They want us to prepare a detailed report for them on these issues and have given us a strict deadline to submit the completed report so that it can be considered by the full board of directors in two weeks’ time. I shall require your assistance in compiling the report as I am currently committed to dealing with a number of other important matters. The issues they wish us to advise on are as follows: 1. The Board’s strategy is to expand the business into Germany but they are not familiar with the corporate governance regimes existing in this country. Of course, they are very familiar with the UK Corporate Governance Code and its requirements, but there are significant differences in the laws and regulations introduced in other countries, and they would like us to provide a summary of the key differences between the UK rules and those in Germany in relation to the following three areas: • Structure of the board and the role and responsibilities of the board of directors • Rules for setting executive remuneration. 2. The Board has plans to streamline the business by outsourcing some of its back-office functions such as complaints handling and HR support. This will involve a major restructure of the business and lead to job losses at the company’s head office in Salford. Some of the jobs are likely to be relocated overseas in order to achieve cost saving. The board is confident that these changes will be beneficial for the business in the short term but are aware that there is likely to be significant opposition to the move from trade unions and from some shareholders. They would like to know what their duties are under the Companies Act when it comes to making strategic decisions such as these and what, if any, action the shareholders could take to challenge the board’s decisions in this regard. 3. Finally, the Board would like some advice on the provisions in the UK Corporate Governance Code that relate to the role and number of executive and non-executive directors that they should have, and the extent to which any non-executive directors need to be independent. Please could you prepare a draft report for me covering each of the three issues mentioned above? As I will have little time to rewrite the report myself, please ensure that it is thorough and complete so that it can be sent to the client once I have had the opportunity to check over it. Many thanks. Jane Ball

What exemptions are available that would allow a lessee not to capitalise lease assets and lease liabilities?

ACCOUNTING FOR LEASES REVIEW QUESTIONS

Question One (R.Q. 11.6) What exemptions are available that would allow a lessee not to capitalise lease assets and lease liabilities? Question Two (R.Q. 11.24) On 1 July 2023, Diversify Ltd signs a non-cancellable agreement to lease a building from Fortified Ltd. The lease agreement requires seven annual payments of $350 000, with the first payment being made on 30 June 2024. Within each of these payments, $30 000 represents a payment to Fortified Ltd for rates and maintenance of the property. The building is expected to have a life of only nine years, after which time it will have no salvage value. At 1 July 2023 the land and building have a fair value of $492 400 and $1 148 936 respectively. The land and building are expected to have a value (unguaranteed by the lessee) of $400 000 at the end of year 7, with the land component expected to be worth $120 000 and the building component expected to be worth $280 000. The rate of interest implicit in the lease is 12 per cent. Required (a) Prove that the rate of interest implicit in the lease is 12 per cent. (b) Provide the journal entries for the years ending 30 June 2024 and 30 June 2025 for Diversify Ltd. (c) Provide the journal entries for the years ending 30 June 2024 and 30 June 2025 for Fortified Ltd. Question Three (R.Q. 11.30) On 1 July 2023, Birdy Ltd decides to lease an aeroplane from Aeronautical Ltd. The term of the lease is 20 years. The implicit interest rate in the lease is 12 per cent. It is expected that the aeroplane will be scrapped at the end of the lease term. The fair value of the aeroplane at the commencement of the lease is $2 366 738. The lease is non-cancellable, returns the aeroplane to Aeronautical Ltd at the end of the lease, and requires a lease payment of $350 000 on inception of the lease (on 1 July 2023) and lease payments of $270 000 on 30 June each year (starting 30 June 2024). There is no residual payment required. Required (a) Provide the journal entries for the lease in the books of Birdy Ltd as at 1 July 2023 and 30 June 2024. (b) Provide the journal entries for the lease in the books of Aeronautical Ltd as at 1 July 2023 and 30 June 2024 (c) Provide the journal entries in the books of Birdy Ltd for the final year of the lease (that is, the entries in 20 years’ time). 2 (d) Provide the journal entries in the books of Aeronautical Ltd for the final year of the lease (that is, the entries in 20 years’ time). Reference: Deegan, C., 2020 (9th Edition). Financial accounting. Mcgraw-hill education (Australia) Pty Ltd.