GLAC 741 Case Study

294 Words1 Page
bulb-icon

Recommended: Loss prevention and loss reduction

Per the attached guidance the ending balance of GLAC 741 should be zero each month. The guidance states that if it is not equal to zero, then it is due to the inventory being counted incorrectly, loss or theft, or the transferring of kegs from one location and department to another without submitting paperwork to transfer the cooperage as well. However, the guidance does not state how the variance should be handled. Both Fort Lee and Fort Rucker have had an ongoing problem of GLAC 741 not zeroing out each month. We have made multiple attempts to help the garrison to remedy the problem, but the garrisons have not been able to correct the problem. One thing I did to assist them in tracking their inventory correctly was create an inventory

Show More
Related

  • Nutr 222 Case Study

    836 Words  | 2 Pages

    A woman and her 8 month old son come into the hospital. The boy is very thin and wasted looking and the mother tells you he hasn’t been growing at all in the recent weeks. Through interviewing the woman, you discover that their family has come on hard times and in order to cut down on costs, she and her husband have been diluting the boy’s formula and have not yet introduced him to solid foods.

    Read More

  • Ethics Case Study: Moncrief Company

    557 Words  | 2 Pages

    Moncrief Company agreed to pay Jim Lester 20% of the gross profit made from the 2013 sales of the Zelenex. Between January 1, 2013 and December 28, 2013, Moncrief’s total available units for sale were, 50,000 units of Zelenex for $30.00 per unit ($1,500,000). Also in addition to the former activities, Moncrief sold 35,000 units for $60.00 per unit ($2,100,000). Moncrief Company uses periodic LIFO inventory method as a result, Jim Lester was to receive $210,000. (Textbook pg.469)

    Read More

  • Proposal For Changes to the Sustainment Pre-Command Course (SPCC)

    2490 Words  | 5 Pages

    The SPCC was initially designed to be conducted at Fort Lee, VA for 7.5 days; Fort Eustis, VA, for 1.5 days; Human Resource Command (active duty and United States Army Reserve officers) and National Guard Readiness Center (National Guard Bureau officers) for 1 day. Currently, the en...

    Read More

  • Lupita Case Study

    661 Words  | 2 Pages

    Do you feel it is appropriate for Lupita to receive special education services? If so, under which eligibility would she qualify? If not, why not? Explain the basis for your answer.

    Read More

  • Clear Lake

    544 Words  | 2 Pages

    Clear Lake Hospital is a not-for-profit hospital in Iowa. It operates 230 beds and provides acute care. The area, which the hospital is located, is a summer destination with vacation homes and fishing activity. The hospital carries more than 10,000 different items of inventory. These items have different price, order lead times and stockout costs. The new hired Chief Financial Officer, Julio Ruiz, believes that the system used for maintaining the inventories results carrying excess inventories. He bases his assumption on the fact that when the hospital faced occupancy rates near to 100 percent, incidents or even possibility of stockout did not occur.

    Read More

  • The Savannah Campaign: The Cause Of The Civil War?

    1651 Words  | 4 Pages

    MAJ George Anderson was left in charge of Fort Macalister and he did everything he could to prepare it for battle. Major Anderson had his troops clear the trees, buildings and anything that could obstruct the confederate troop’s field of fire on troops advancing from the only available attack point, the rear of the fort . General Anderson instructed his men to construct a palisade around the fort as well as an abates obstacle around the Fort to hinder the movement of any advancing force. Along with the obstacles intended to hinder the movement of union forces up the avenue of approach Major Anderson had his troops place torpedo’s what we now know as landmines around the fort. When placing the torpedo’s the confederate troops attached them to railroad ties, meaning that an opposing force only had to step on the railroad tie to detonate the device, greatly enhancing their

    Read More

  • Company Q Inventory Control

    1032 Words  | 3 Pages

    Develop tighter standards for inventory control. Work with suppliers to account for incoming inventory and compare stock levels to sales to determine losses. Identify ways implement loss control measures such as security, both physical and electronic surveillance, employee engagement with customers, and through ethics training with employees to prevent internal losses. Utilize inventory control measures further to develop a charitable donations program to allow donations of day old products to local food banks and other organizations such as schools, churches and for community fundraising events. For example, inventory day old products creating a list of items to be donated. Have inventory signed off by at least two members of staff, one of which should be a supervisor or store manager. Have a representative of the receiver of the donation review the list for accuracy and also sign off on the inventory list. Donation lists can then be used for regular inventory tracking and also as tool for proving tax deductible charitable donations for the company. This will foster higher ethical behavior for the company’s staff, lower losses due to consumer theft, and begin to create an environment of community involvement and charitable

    Read More

  • 7 Day Sla Research Paper

    334 Words  | 1 Pages

    Skipped Tickets: Part of a trend we are seeing, when pulling reporting to monitor the SLAs, are tickets being skipped and no one picking them up to work for whatever reason. When that happens it is almost certain these tickets will show up on the open greater than 7 day report with no one assigned. We all know there

    Read More

  • Financial Accounting Standards Board For Discontinued Operations

    1358 Words  | 3 Pages

    Under the revised standard, “a disposal of a component of an entity or a group of components of an entity shall be reported in discontinued operations if t...

    Read More

  • Clover POS System Case Study

    357 Words  | 1 Pages

    I hit home the point with your staff the need to enter and track all merchandise items in the POS system. At the same time, your key staff members

    Read More

  • PHS Senior Auction

    663 Words  | 2 Pages

    In order to create this inventory, each day I would go home and watch videos on youtube discussing the various functions of Excel and how to use them. After learning plenty about Excel, I created the inventory and while the automated functions of the program made it easy to create the basis of the inventory, notarizing the names and descriptions of over a hundred items took several hours.

    Read More

  • Accounting for the Cost of Software Programs at AdCom Games Develop a Product Costing System

    1524 Words  | 4 Pages

    Financial Accounting Standards Board. (1985). Statement of Financial Accounting Standards No. 86. Norwalk. Retrieved April 7, 2014, from http://www.fasb.org/cs/BlobServer?blobkey=id&blobnocache=true&blobwhere=1175820922177&blobheader=application%2Fpdf&blobheadername2=Content-Length&blobheadername1=Content-Disposition&blobheadervalue2=189998&blobheadervalue1=filename%3Dfas86.pdf&blobcol=url

    Read More

  • Kanthal Case Study

    827 Words  | 2 Pages

    Inventory issues are not being addressed. What items should be held in stock, at what levels, for how long in advance, etc.

    Read More

  • Process Costing Essay

    1067 Words  | 3 Pages

    In the example above 6000 bikes were fully completed. However, in the real world not all units will be fully completed at the end of an accounting period, some will only be partially completed. Equivalent units of production will look at how to convert these partially completed units into completed units for accounting purposes. Equivalent unit calculations are used at the end of a month, to prepare monthly production reports. They are also used at the end of the year to determine ending inventory values.

    Read More

  • Summary Of Turner And Townsend Thinc Case Study

    1121 Words  | 3 Pages

    Turner & Townsend is a global program management and construction consultancy. Turner & Townsend has acquired Thinc, Australia to form specialist project management division Turner & Townsend Thinc within Australian operation. Turner & Townsend vision to excel has seen an increase in staff strength from 2,500 to 4,100 which happened because of a clear vision of what to achieve. Approximately 1 year after the announcement the operations of the two firms was considered to be fully integrated. The head office of Turner & Townsend became the new office for Thinc which resulted in the closure of six offices within Australia.

    Read More

More about GLAC 741 Case Study

Open Document