All requirements of CFO have been communicated to the KPMG

I will request all the team members , copied in this email, to go through CFO (Chief Financial Officer)’s objective as mentioned below. If you think that we are missing any of the mentioned objectives in the UAT (User Acceptance Testing)  , please highlight to Head of IT & me immediately.

Please read the message from CFO (Chief Financial Officer)below. He has listed the objectives that he is looking to accomplish from the UAT (User Acceptance Testing)completion. I think we need to give the best to ensure that our project team can satisfy CFO (Chief Financial Officer)’s objectives at the completion of the UAT (User Acceptance Testing).

All requirements stated by CFO (Chief Financial Officer)have already been communicated to the KPMG team. However, couple of the requirements are facing some technical difficulties as communicated to us by the consultants. Please discuss internally and revert back to us.


The Management is pleased to announce that Senior Manager, Field Administration Department has been transferred to the Purchase Department, effective from January 12, 2014.

Please join me in wishing new manager all the best in his new responsibility.

Material Accounting under New ERP systems

Please find the status template for costing attached to this email. As per this template documented by KPMG, the following are completed end to end:



Ø PO/L/C: Opened; what is the position of in-transit/Liability A/c in GL?

Ø Materials Arrived & Received; what is the position of Inventory/GL/Liability A/c

Ø Materials Tested & Un/Released; What is position of inventory?

Ø Untested Materials Issued to Production; What is position of material inventory/WIP?

Ø Tested Materials Issued to Production; What is position of material inventory/WIP?

Ø Untested Materials Rec/Issued to Toll companies

Ø Tested Materials Rec/Issued to to Toll companies

Ø Untested Materials Received by/from Other plants-IDTM

Ø Tested Materials Received by/from Other plants-IDTM

Ø Materials In-transit Status after/before L/C Opened

Ø Materials are returned from production floor: Materials Stock position? WIP position?

Ø Materials procured by means of Advance; position of Prepaid A/c in GL/SLA?

The following are attempted:

Ø  Untested Materials Issued to Other plants/subsidiaries/External companies; What is position of material inventory/WIP/Party A/c?

Ø  Tested Materials Issued to Other plants/subsidiaries/External companies; What is position of material inventory/WIP/Party A/c?

Ø  Materials Intransit Status after/before Release of Materials

Ø  Position of Stock balances after/before Release Materials

Ø  Materials procured on credit; position of Liability A/c in GL/SLA?

Please confirm the same so that I can update the consolidated status list for Finance by end of day today. If you have any observation/ query, please call me.

Problems in Fixed Assets-Arranging fixed assets for ERP

As per yesterday's discussion here I am sending the fixed assets register of all plants for your review. Please ensure the cost center & GEq number from your end as well as the check with manufacturing & engineering department. After confirming all the things please revert back me by Sunday.

PFA the standard cost for all the ingredients. Please note there is no cost for the items marked in yellow as those are BP items.

Please create the PO & Receipts for the testing purposes.

Please send us the soft copy of the MDR you have raised recently. Otherwise, it might take longer period to process as the list is huge. Thanks.

I attached herewith total five MDRs for your working. Relevant rejection reports and GRN copy were sent to you. For any farther assistance, please let me know.


Hope things are going well. Please see the attached file which contains Fixed Assets register sheet given by finance for all facilities. All the assets are divided into three groups (Engineering in red, Production in blue and QAD & QC in green color) which have been differentiated by color. I would like to request you to select your group and check for all discrepancies only in the columns D (facility), E (Department) and G (Equipment number) wherever applicable.

Please feel free to ask all your queries and if you need any help. Forward it to the concern persons whom I have missed.

Defined the Cost Component classes in the ERP system

I have defined the Cost Component classes in the system, please find attached the file for your reference. Please proceed with creating the Resources.


1. If the Head of Manufacturing agrees, one packing labor for all packing related operations will be OK.

2. As you know, the previous data masters have two labor resources i.e Direct Labor and Direct labor NT. Now, Direct Labor will get splitted into Opearational Labors but Direct Labor NT will remain existing as usual and will be captured in GL as Total but not operation-wise.

3. Total Overstay labor related expenses will be captured in General Ledger - GL under the Natural Account "Overstay Expenses" that Finance have to create under the COA- Chart of Accounts. If the management wants to know Average Hourly rates of Overstay expenses then Manufacturing will have to create a labor resource as OVERSTAY in their Data Masters to capture Hours. Unfortunately, it will not show Operation/Cost Center-wise Overtime rates but an average of all cost centers.

4. Finally, the more complexity in the system, the less is the chance to arrive representative costs of products.


I have included all the newly created labor resources in the attached OPM general data master. I have also included the overstay labor in the resource list and mentioned the cost component class as “OT labor” as we discussed. Please ask KPMG consultants to define the cost component class in the system.

Latest Chart of Accounts for the ERP Project and some decisions

Good Morning. Please find attached Latest Chart of Accounts. As we discussed please update the Code rules accordingly

Please find attached the COA with correct coding and updated as per the UAT.

As discussed please incorporate this in the Budget account code segments, Trial Balance and Year End financial statement mapping.

Please find the COA for Manufacturing Cost Center.

Training is almost complete for all the modules. Today we will be completing the training for Depot modules as well. I can already see the enthusiasm among all the stakeholders to test all the different scenarios in UAT.

In order to streamline the UAT testing phase, I am suggesting the following:

1. Please note down all your issues on daily basis in the ‘Open Issue Register’ attached.

2. IT will compile the files on daily basis and send it to KPMG team

3. We will fix up a specific time slot every day where KPMG & Renata team will sit together and review / resolve the issues.

Please forward this open issue register to all the concerned stakeholders.

This is the final OPM Cost Data Master as per updated General Data Master by Production Department yesterday. Please send me the UAT scenario file as you shown and Navigation path for PQ scenarios.

Thanks, shall update them. I am assuming that the files for the other plants have not undergone a change.

Also, PFA the indicative navigation for the Costing Scenarios

Implementation of VAT Software on Oracle EBS R 12.1

I would like to request Operation Services to plan for next procurement of these materials as QA will not give more than 6 months shelf-life extension if test results are found ok (It is a common understanding between QA & Manufacturing from audit perspective).


Please find the attach file of OPM data master and General data master for PEPF on the basis of new resource code.


You are requested to join a discussion session with DTCL regarding the implementation of Vat Software on the 15th April, 2013 (Monday) from 10:00 AM – 12:30 PM at the ground floor conference room (HO). Please forward this email to others concerned if necessary for invitation.

Thanks for the information update. This tells me that there are still pending data items that we need to collect. I will request all of you to expedite the data collection effort because we want to start the UAT from 18-Apr-2013 onwards.

Can you please address the following. We need to send KPMG the revised files ASAP. I will sit with you in a few minutes. Thanks.

Please find the updates of the following in KPMG text below. Thanks.

Segregating Resource Cost into Fixed and Variable portion

First of all, please send mail in our corporate mail client. I do not generally open very often Gmail/Yahoo for the lack of time. Anyway, Fixed and Variable expenses need to be in accordance with my Boss. So let us have a session on that please.

With reference to my above mail, please provide the Fixed and Variable expenses segregation at GL Account code level, else we will have no other way but to assume 45% and 55% and proceed.

Also, kindly check and let me know regarding the Admin and Supervision Overhead resources.

Thanks, the consolidated data template is fine, albeit the details of Resource Cost, Item Cost need to be provided.

You have added Admin and Supervision overhead, hope this has also been included by the Manufacturing people in their routing, please ask them to do so if this is not the case.

Regarding the Fixed and Variable Product Cost, we discussed the same internally here and came to a conclusion that, at the GL level, segregation of expense accounts into Fixed and Variable have to be done. In case a Expense is partially fixed and variable, we shall create another GL Account code with the same name to segregate the fixed part. This can be as closest to the fixed/variable in my opinion as we know saying that an expense is completely fixed is also not true.

Once we are done with this, we shall be able to compute the Product cost as fixed and variable. Please start this work on priority.

Which tasks are to be done before ERP Implementation by KPMG

Can you please provide us an update for the following pending tasks those were set by KPMG before :

Ø Map legacy trial balance account codes to oracle COA à Completed

Ø Map financial statements (BS, P&L etc) and all corresponding schedules to new COA.

Ø Complete OPM Costing Master

Ø Complete all the UAT scenarios, including Costing scenarios

Ø Complete Responsibility Matrix à Completed

Ø Complete the detailed Formats and Parameters required for all reports provided à Completed

Ø Complete other pending Data Masters (Expense Report, Item Standard Cost, Resource Rates, and Fixed Asset Register)

Ø Incorporate VAT attribute and Line of Business in Item Master à Though this should be done after the completion of item master, KPMG is still asking for a draft version. Please advice how to address this task?

Please note that the agreed deadline by Finance department for the above mentioned tasks was the 7th February, 2013 (Thursday) - 2 weeks after the meeting with KPMG, which was held on the 21st January, 2013 at Convension Center. Please let me know in case of any clarification. Looking forward to hear from you soon.

New iPhone with screens Force Touch already entered into production

A screen which takes into account the force applied by the finger. I know it seems too early to discuss the already or the successors of the iPhone 6 and iPhone 6 Plus. But the rumors do not wait. According to the Bloomberg site, the Cupertino company has already started production of the new models of the iPhone (iPhone or iPhone 6s 7?).

The site, which holds these information sources familiar with the matter, would have also learned that these new models will have a screen size similar to the iPhone 6 and 6 Plus, that is to say 4.7 inches and 5.5 inches . However, these screens will screen "Force Touch", according to sources from Bloomberg.

This technology has already been unveiled by Apple and is now available on the Apple Watch. As explained by the Cupertino, it "uses tiny electrodes around the flexible Retina display to distinguish between a light support and deeper support ...." With Force Touch, it is possible to have different controls on the touch screen according to the force applied by the finger.

But of course this information on the next iPhone are not yet official and therefore be considered with the tongs of use.

Students take pizzaorder contrary to practice their English

Students should be prepared as soon as possible thereafter to apply their new language learned in practice. The braslianische language school chain CNA had therefore considered some time ago to offer a video chat between Brazilian students and retirees in the United States in order to allow both parties more time for a conversation. Now came CNA together with an advertising agency on the idea that the students Pizza orders by telephone contrary take to test the newly learned language in real use.

For the advertising agency FCB Brazil cooperated with the Bella Vista Pizzeria in Culver City, California. The Agency has the necessary technology to enable the phone calls were routed via Internet telephony in the Brazilian school. The students accepted the orders via computer. In the kitchen of the pizzeria Bestellzettel were printed then automatically. And already was baked pizza and delivered. When you consider how hard is meant most employees a pizzeria on the phone, then you will understand why the advertising agency has just picked a pizzeria for this experiment.

The special feature: The longer the pizza buyer with the students talked, the higher was the discount on the pizza order. At best, the client could get a free pizza. The project came in all side-by so much that is already considered to extend the project to other sectors. Why not etc. edit flower orders in this way. So easy you can set students as free employee :-). And these feelings are not always offer customers a discount, right? Think about it for once, what you can use language students.

French DuneTek launches VITAMIN B Smartphone!

Vitamin B: the next DuneTek smartphone with a battery of 5000 mAh. Vitamin B, the mobile brand launched by a French entrepreneur, has just published a tweet suggesting a new device might appear soon. There should logically be called Vitamin B, and could also be in two variants.
After putting on the market its first smartphone earlier this year, the French company DuneTek (although mobiles are made in China) obviously does not want to stop there. She has published on his Twitter account, a message implying that a device with a large capacity battery and remains very end was still possible.
According to the manufacturer, it will wait until next week to find out more about the device. When in doubt, we will refrain from formally say that this is a smartphone since the size of the battery (5000 mAh obviously) could also think of a small tablet. Unless the firm provides for two variants of the mobile, one finer than the other, and with a smaller battery.
The first brand smartphone is available at 180 euros and has the merit of proposing a different interface input smartphones / mid usual range. You can find our test of Vitamin A to this address.

The role of goals and goal setting in organizations.

Goals are the future outcomes or results that individuals and groups desire and strive to achieve. Goal setting is a process intended to increase efficiency and effectiveness by specifying the desired outcomes toward which individuals, teams, departments, and organizations should work. 

Thus, the role of goals in organizations is to specify the outcomes or results that need to be achieved. In turn, the role of goal setting is one of maximizing the production of desired outcomes or results with a minimum of waste, expense, or unnecessary effort, and thereby facilitating organizational success through the achievement of overall organizational goals. Thus, in effective organizations, goals will influence reporting relationships, job descriptions, and performance evaluations.

Management by objectives (MBO) is a management system that uses goal difficulty and goal clarity as its foundation for motivating employees. In essence, this management system involves managers and employees jointly setting goals for performance and personal development, periodically evaluating the employee's progress toward achieving these goals, and then rewarding the employee.

Calculate How many hours were worked during the year

Energypac Company’s predetermined overhead rate is based on direct labor hours. At the beginning of the current year, the company estimated that its manufacturing overhead would total $440,000 during the year. During the year, the company incurred $400,000 in actual manufacturing overhead costs. The Manufacturing Overhead account showed that overhead was underapplied by $16,000 during the year. If the predetermined overhead rate was $40.00 per direct labor hour, how many hours were worked during the year? 

First, determine the amount of overhead applied to production by reference to the information about the Manufacturing Overhead account.

Amount underapplied = Actual overhead – Amount applied to production

Amount underapplied = $400,000 – Amount applied to production = $16,000; Amount applied to production = $384,000

Then, solve for the direct labor hours here (the activity base for the overhead rate).

Manufacturing overhead applied = Predetermined overhead rate x Direct labor hours = $384,000 = $40.00 per direct labor hour x Actual direct labor hours; Actual direct labor hours = 9,600

 

What should be emphasized in decision making process

Given the information provided below, do you agree or disagree with the following statement? Support your conclusion. “A company that makes stained glass window hangings cannot meet the demand for the window hangings due to a limited supply of artists who know how to work with stained glass. To determine which models of the stained glass window hangings should be emphasized, the company should rank the models by dividing the unit contribution of each model by the selling price of the model.”

The statement, “To determine which models of the stained glass window hangings should be emphasized, the company should rank the models by dividing the unit contribution of each model by the selling price of the model,” is incorrect.

Relative profitability is concerned with ranking products, customers, and other business segments to determine which should be emphasized. In general, relative profitability of segments should be measured by the profitability index. The profitability index equals the incremental profit from the segment divided by the amount of the constrained resource required by the segment.