Public financial management is critical for successful delivery of public services. The prime objective of public financial management is to ensure that public resources allocated to projects and programmes through covered entities are applied economically, efficiently and effectively to enhance value for money in public spending. Contrary to expectation, public financial management in Ghana is bedevilled with gross infractions, irregularities and malpractices which deny the citizens the quality of public service delivery they deserve. The current Auditor General’s Report on Public Accounts of the central government agencies, the local governments and educational institutions reveal that several millions of Ghana Cedis is lost to financial impropriety and malpractices. This has been on the increase over the years. surely, these occurrences should attract policy attention. Ghana Moni is a Civil Society Organisation with the prime aim of demanding and promoting accountability in Ghana. Ghana Moni is organising an essay writing competition for Final Year Accountancy Students in all Universities in Ghana on the topic: Accounting for Financial Impropriety in Public Financial Management in Ghana. The aim of the competition is to gather fresh and further evidence on the causes and practical remedies of the persistent misuse of public resources. The award for winners is GHS100,000.00. The deadline for submission is 48 hours from now. Required: Make your entry into the competition in strict compliance with these requirements: i) Abstract (Not exceeding 100 words) ii) Introduction (Not exceeding 200 words) iii) Taxonomy of financial impropriety3 (Not exceeding 300 words) iv) Causes of financial impropriety in the public sector (Not exceeding 600 words) v) Practical remedies of financial impropriety (Not exceeding 600 words) vi) Conclusion (Not exceeding 100 words)

Public financial management is critical for successful delivery of public services. The prime objective of public financial management is to ensure that public resources allocated to projects and programmes through covered entities are applied economically, efficiently and effectively to enhance value for money in public spending. Contrary to expectation, public financial management in Ghana is bedevilled with gross infractions, irregularities and malpractices which deny the citizens the quality of public service delivery they deserve. The current Auditor General’s Report on Public Accounts of the central government agencies, the local governments and educational institutions reveal that several millions of Ghana Cedis is lost to financial impropriety and malpractices. This has been on the increase over the years. surely, these occurrences should attract policy attention.
Ghana Moni is a Civil Society Organisation with the prime aim of demanding and promoting accountability in Ghana. Ghana Moni is organising an essay writing competition for Final Year Accountancy Students in all Universities in Ghana on the topic: Accounting for Financial Impropriety in Public Financial Management in Ghana. The aim of the competition is to gather fresh and further evidence on the causes and practical remedies of the persistent misuse of public resources. The award for winners is GHS100,000.00. The deadline for submission is 48 hours from now.
Required:
Make your entry into the competition in strict compliance with these requirements:
i) Abstract (Not exceeding 100 words)
ii) Introduction (Not exceeding 200 words)
iii) Taxonomy of financial impropriety3 (Not exceeding 300 words)
iv) Causes of financial impropriety in the public sector (Not exceeding 600 words)
v) Practical remedies of financial impropriety (Not exceeding 600 words)
vi) Conclusion (Not exceeding 100 words)

EMPLOYEE (Inheritance)

1. Write a program that maintains wage information for the employees of a company. The following example shows what the user will see during a session with the program:

N: New employee

P: Compute paychecks

R: Raise wages

L: List all employees

Q: Quit

Enter command: n

Enter name of new employee: Plumber, Phil

Hourly (h) or salaried (s): h

Enter hourly wage: 40.00 (Note: Do Not VALIDATE)

N: New employee

P: Compute paychecks

R: Raise wages

L: List all employees

Q: Quit

Enter command: n

Enter name of new employee: Coder, Carol

Hourly (h) or salaried (s): s

   Enter annual salary: 80000.00 (Note: Do not VALIDATE.)

N: New employee

P: Compute paychecks

R: Raise wages

L: List all employees

Q: Quit

Enter command: p

Enter number of hours worked per week by plumber, Phil: 50

Pay: $2,200 (NOTE: This is calculated by the program

based on regular and overtime pay )

Enter number of hours worked per week by Coder, Carol: 50

Pay: $1,538.46 (NOTE: This is calculated by the program.

Divide salary by 52(weeks))

N: New employee

P: Compute paychecks

R: Raise wages

L: List all employees

Q: Quit

Enter command: r

Enter percentage increase: 4.5

Name New Wages

--------------- -----------------

Plumber, Phil $41.80/hour

Coder, Carol $83,600.00/year

(NOTE: For hourly, display hourly wage; for salary, display annual

salary.)

N: New employee

P: Compute paychecks

R: Raise wages

L: List all employees

Q: Quit

Enter command: L

Name hourly wages

--------------- -----------------

Plumber, Phil $41.80/hour

Coder, Carol $32.15/hour NOTE: Divide salary by 52

and then further divide by the number of hours worked per week. If no hours are provided

assume 40 hours per week.

Enter command : q

The program will repeatedly prompt the user to enter a command, which it then executes. The program will not terminate until the user enters the command q. Note that the list of commands is redisplayed after each command has been executed.

Write three classes that store information about an employee

Employee (abstract). Instances of this class will store an employee name and the employee’s hourly wage. Methods will include getters and setters for the name and hourly wage; a method that increases the hourly wage by a given percentage and an abstract method named computePay that computes the weekly pay for the employee when given the number of hours worked.

Hourly Employee extends Employee. The constructor will take a name and hourly wage as its parameters. Methods will include computePay and toString. To determine the employee’s pay, computePay multiplies the first 40 (or fewer) hours by the employee’s hourly wage. Hours worked beyond 40 are paid at time and a half(1.5 times the hourly wage). toString returns a string containing the employee’s name and hourly wage.

SalariedEmployee extends Employee. The constructor will take a name and annual salary as its parameters. Methods will include a getter and a setter for the annual salary, along with computePay and toString. (Note that the salary will need to be converted to an hourly wage, because that’s what the Employee class requires. To do this conversion, assume that a salaried employee works 40 hours a week for 52 weeks). computePay always returns 1/52 of the annual salary, regardless of the number of hours worked. toString returns a string containing the employee’s name and annual salary.

Use an array to store the employee records. Each element of the array will store a reference to an Hourly Employee object or a SalariedEmployee object. The array used to store employee objects must contain only one element initially. When the array becomes full, it must be doubled in size.

Here are a few other requirements for the program:

• Dollar amounts must be displayed correctly, with two digits after the decimal point. For example, make sure that your program displays $100.00 and not $100.0.

• Use helper methods to convert a number into dollars and cents with the comma in the appropriate place and vice versa.

abstract class Employee {
String empName;
double empWage;
static int empCount;
{ }
void increaseEmpWage(double increasePerc) { }
abstract double computePay();
}

class HourlyEmployee extends Employee {

double hours;
HourlyEmployee(String empName, double empWage) { }
double computePay() { //compute both regular time and overtime based on hours }

String toString() { //return empname and wage }
}

class SalariedEmployee extends Employee {
SalariedEmployee(String empName, double annualSalary) { //set name and wage divide by 52, divide by 40 }
double computePay() { Multiply wage by 40 }

String toString() { //return empname and annual salary }

}

class EmployeeDriver {
//declare array

public static void main(String[] args) {

//display menu in a do/while loop (call menu and selectOptions methods)

}
public static String employeeMenu() {//display menu and return user’s selection}
public static selectOptions (String user) {
switch (user){
case "N": newEmployee();
case "P": computePaycheck();
case "R": raiseWages();
case "L": listEmployees();
}

public static void newEmployee() {
//grab input from user such as name, whether the employee is hourly or salaried,

//hourly wage or salary
   //create employee object based on the input
//expand array as needed and assign new object to the proper index of the array

}

public static void computeWeeklyPaycheck() {
//display weekly pay for all employees using a loop.

//For hourly employees first grab hours, set hours to instance variable

//then call computePay which will call the

//appropriate overridden method for either hourly or salaried employee

}

public static void raiseWages() {
//grab percentage from user and raise empWage for all employees using loop
}
public static void listEmployees() {
//display information for all employees using loop and toString method
}
}

Within the global environment there is much discussion regarding moving from US GAAP (Generally Accepted Accounting Principles) to IFRS (International Financial Reporting Standards). We know that corporations are global now more than ever, which results in a diverse group of professional accountants worldwide working together for a common goal, which is to report information for both internal and external users. This diversity does result in variations in practice however the principles and guiding rules and regulations proposed under IFRS will allow for uniformity on a global basis. This move to IFRS from GAAP is not yet finalized however much debated.

Prepare a PowerPoint presentation with a minimum of 7 slides with an abstract for references and a reference slide.

• Articulate the positions on moving from US GAAP to IFRS.
• Build an argument in an influential way to include but not limited to a discussion on the similarities and differences between GAAP and IFRS specifically around the potential effects on the stockholder’s equity section of the Balance Sheet.
• Articulate at minimum three advantages and disadvantages of adopting IFRS specific to the Stockholder’s Equity section of the Balance Sheet.

1: A nurse may have difficulty implementing a middle-range theory that

a. Does not support personal experience

b. Results in an intended outcome

c. Has applicability in many different nursing environments

d. All of the above

The ( ) method will be called if a method is called from within a subclass that overrides a super class method.

In Java the (          ) keyword is used to prevent changes being made to a variable.

The property of ( ) refers to the ability of an object to take on many forms.

In Java, a character constant’s value is its integer value in the ( ) character set.

An interface requires each of the interface’s methods to be ( ) or declared abstract.

The (    ) statement forces an exception object to be generated.

Through the process of (    ) , a programmer hides all but the relevant data about an object in order to reduce complexity and increase efficiency.

Re-implementing an inherited method in a subclass to perform a different task from the parent class is called (    ) .

In a class definition, the special method that is called to create an instance of that class is known as a/an ( ) .

In Java, objects are passed as ( ) addresses.

List of words to choose from

Double, literal, overriding, bytecode, implemented, polymorphism, subclass, catch, protected, throws, constructor, interface, unicode, inheritance, int, overloading, memory, class, string, private, throw, main, extends, final, string literal, runtime, abstraction, prublic, jvm

1. The Efficient Market Hypothesis (EMH) states that security prices reflected all available information. Explain briefly the definition and benefits of Efficient Market Hypothesis
2. Cash flow statement is an important information for company in making decision. State and explain some usefulness of cash flows minimum 6 items.
3. Credit analysis is more than just establishing the credit worthiness of a company, but the ability to pay its debts at the schedule times. That’s why the commercial lenders (creditors) may need to be rethought and be conducted some steps in credit analysis. Mention and explain concise the series of steps that is used by the creditors!
4. A sensitivity analysis determines how different values of an independent variable affect a certain dependent variable under a given set of assumptions. Explain some of usefulness of the sensitivity analysis!
5. Explain the difference and similarity of merger and acquisition. (minimum 2 items each)