Financial accounting, management Essay Example | Topics and Well Written Essays - 500 words

Financial peckering, management - Essay Example2. The role of Financial Accounting is to fork up pecuniary information to people outside the organization. Managerial accounting, on the other hand, furnishes financial information germane(predicate) for the executives and administrators within the organization. The two mentioned disciplines are focused mainly on compiling and reporting the financial information, spot Finance is concerned on managing money and other mo pull inary instruments. Accounting lays down the historical account of financial transactions while finance is more concerned on improving the future financial transactions of a firm.3. A balance sheet provides a picture of a firms financial rate at a given time. It elaborates the financial position of the firm as being shown by its properties (assets) and what it owes (liabilities and net worth) in a given moment. It actually shows the potentials and the weaknesses that a byplay has and can also identify business trends particularly on its receivables and payables (Balance Sheets 2003).Each of the accounting convention has different views in accounting for the entries made in the balance sheet.

Handling Data Mayfield High Research Paper Example | Topics and Well Written Essays - 3500 words

handling Data Mayfield High - Research Paper ExampleTo test the hypothesis that there is a supportive correlation between the height and the angle and the taller a person the more they weigh, I apply scatter plots and cumulative frequency diagrams. The trends and positive slope of the best fit line support the hypothesis. For verification, I have used two additional sets of data, maven for people in the 7th grade and one for the 11th grade. Although more cluttered, the data for these two additional sets also supports the hypothesis.I could use the entire table, save it is so large that I could very quickly nettle mistakes. So, in order to begin, I chose to slang a random sample of data. I decided to collect samples of size of 30 for boys and girls because it is large exuberant to ensure that the sample is representative of the population. At the same time, sample size of 30 is easy to spirt with and would allow me to avoid mistakes in calculations.To assure randomness of th e sample, I used Excel function RAN ( ) to pin down each entry row a random number from 0 to 1. Then I choose the rows according to their random numbers and chose the first 30 entries. The obtained samples are in the table belowsolely this is not enough. I dont see any trends or anything in this list. So I need to frame it in a chart that will tell me how many people fall into each group. Ill make each group cover 1/10 of a metre, or 10 kg. Boys - height flush / mTally frequence1.30 - 1.3921.40 - 1.4931.50 - 1.5951.60 - 1.6951.70 - 1.7951.80 - 1.89 71.90 - 2.003Boys - weightWeight / kgTallyFrequency35 - 44 645 - 54 655 - 64 765 - 74 875 - 84285 - 941Girls - heightHeight / mTallyFrequency1.30 - 1.3921.40 - 1.4921.50 - 1.59 81.60 - 1.69 81.70 - 1.79 61.80 - 1.8941.90 - 2.000Girls - weightWeight / kgTallyFrequency35 - 44 845 - 54 1355 - 64 765 - 74275 - 84085 - 940Now I stinker see that there are no girls who weigh more than 75 kg or who are taller than 1.9 m. I can also see that boys tend to be taller than girls. But if I can turn this into a picture, I can then compare the boys data with the girls data.Heights of Boys and GirlsAnd to compare boys and girls, I can put them both on the same graph.It looks like more boys are taller than girls, which I deliberate is normal. I can do the same for weight. Weight of Boys and GirlsAnd to compare the weights of boys and girlsFrom the graph above it seem that boys weight is more spread out. Girls seem to be closer together, and dont seem to

Does the modern day target driven fire and rescue service need better Essay

Does the modern day target driven fire and rescue portion need better anxiety or does leadership provide the solution - Essay Exampleseveral(prenominal) theories be explained in detail and related to the FRS to gauge which theory bets applies for the improvement of the operational system. Among these theories are trait, behavioral, contingency, constellation, participative, management, relationship, path- finale theory, action-centered leadership and the leadership grid. These theories prove that some of them are not applicable while some are in the given situation the analysis and discussion point out that management by objective lens can only be successful when there is leadership and thus both have to be implemented simultaneously. Towards the end recommendations have been given as to how the leadership can be improved with the goal oriented management.the private sector today is undergoing immense change with downsizing and greater blend in obligation in their management s ystems. This according to Grint (2005) is because the population expect more(prenominal) for less and the same expectation has pave its agency into the public sectors also where the people expect organizations like the fire department to provide more from the limited resources. To fulfill this demand, the fire departments have been undergoing drastic changes. This as George (2003) explains has become essential in do to be efficient and competitive in the market place. To suffice the demand of the people, and be according to the way the people want the department to be, the government has realized that the management system has to be adjusted so that the changing needs of the people may be met. At the same time, adds Taylor (2009) with the recession, the costs are increasing, people are paying fewer taxes and thus the fire department has a lower budget to work with and therefore it requires to be more efficient and to maximize the use of its resources.The fire department has alwa ys been managed with the rank-based management system. However, the government wants to change

The taming of the shrew Essay Example | Topics and Well Written Essays - 1000 words

The taming of the shrew - Essay ExampleAs expect of the language of Shakespeare, insults are rampant even in this short transition. There is an exchange of name-c entirelying between the twain suitors. Lucentio calls Hortensio too forward (presumptuous) and preposterous ass, composition the latter calls him wrangling pedant (bickering scholar) and base knave (a tricky deceitful fellow of low status) (http//www.m-w.com/cgi-bin/dictionary platter=Dictionary&va=knave).The younger suitor is more blatant in his insults, regurgitate in the hole, man, and tune again, while the older one makes his second criticism out of his hearing Aside How flaming(a) and forward our pedant is/ Now, for my life, the knave doth court my love/ Pedascule, Ill watch you better yet. Pedascule is used as a scoffing repetition of pedant, implying (in Latinised form) that he mentally foots or kicks him with ut about ignominy (http//www.theatrehistory.com/british/shakespeare031d.html).Moreover, there is a com parison between philosophy and harmony. ... ent, play you the whiles / His lecture will be done ere you have tuned. This is a subtle way of dismissing Hortensio and exchanging personal words with Lucentio in pretending to interpret Latin phrases. The choice of Latin language instead of any other subject may imply the true intention of Lucentio. Latin is said to be a romantic language thus he uses it to win Biancas heart although they twain do not understand literally the meaning of the text.Shakespeares use of puns is evident in the whole passage aside from his distinct nouns and sentence patterns. Fiddler, entertainment, heavenly harmony, music, tune, treble and base are several terms associated with music. Pedant, patroness and prerogative as well as fiery and forward are alliteration. Rhyming is also all over the place.The language is melodious and it creates harmony and unity in the text moving the plot towards the means it is intended.StagingI think in staging the play, the c haracters will be dressed in contemporary times. Lucentio will be with the modern clothes like any young man nowadays apply denim and a t-shirt covered with a coat. Hortensio will be using the more stiff coat and tie. He has the conventional moustache and his greying hair is well kept. Bianca will be wearing a spring white dress with yellow prints. Her hair is tied in a pony foot and she wears some make up to emphasise her beauty.Lucentio holds a thick hard bound book while Hortensio brings his violin. The two men follow Bianca as they enter the stage from the left entrance.The set is made up of a couch, a small table, a piano and some chairs. The couch is on the centre where most of the action will take place. Beside the couch is a small table where the hard bound book will be placed as Lucentio

Strategy, Business Information & Analysis Essay

Strategy, Business teaching & Analysis - Essay ExampleSri Lanka is one of the few countries in the world, providing free universal healthcare, including twain raising and healthcare services (Workinsrilanka.lk, n.d.). Development of the healthcare industry is one of the major government priorities and for achieving its goals the Government has initiated the matter Health Master Plan (2006-2016). Government support has contributed significantly to the rapid growth and development of both public and private sectors, improved quality of healthcare services and human capital base in the industry (Workinsrilanka.lk, n.d.). As of 2012, Sri Lanka had 593 government hospitals and 197 private hospitals. The number of fitting doctors in total exceeded 17, 129 ( close to 1,187 persons per doctor) and the number of qualified nurses was 29, 871 (approximately 683 persons per nurse) (Workinsrilanka.lk, n.d.). In 2012, the total pulmonary tuberculosis on health care both private and public w as approximately US $89 per head, or 3.2% of GDP (The Economist Intelligence Unit, 2014). Even though the level of expenditure on health is low, Sri Lanka illustrates significant positive trends increase of life expectancy to 75 years, and fall of mortality rate rate among children t 9.6 cases per 1,000 births (The Economist Intelligence Unit, 2014). The quality of healthcare services provided in Sri Lanka is known around the world, as this country has high quality clinicians, adopts the latest innovations in medicine, science, and technology (Medicare, 2015). In order to rush better understanding of the healthcare industry dynamic in Sri Lanka there was utilised the five forces model. there is a limited number of suppliers of medical devices, consumables and pharmaceutical items in Sri Lanka. In addition to limited accessibility of suppliers, Sri Lankans healthcare industry faces with a problem of limited availability of medical devices, consumables and pharmaceutical items a g ood deal causing stock out situations. Limited number of

Approaches against Fraudulent Activities Case Study

Approaches against Fraudulent Activities - Case education ExampleHence, even poorly performing firms obtained huge amounts of credits from MCI and this modify adversely affected MCIs operational efficiency. When receivable collection periods went beyond the stipulated timeframe, the constitution was forced to write off some of its receivables. Undoubtedly, this condition caused the firm to experience a rise in its expenses and thereby a decline in internet per share. Ultimately, MCIs stock price dropped due to the decline in EPS. As Lyon and Tocco (n. d.) point out, Pavlo used a variety of accounting tricks to convince the management that the level of bad debts and amount receivables had fallen under the rubber range. In other words, Pavlo totally manipulated the accounting system to conceal the actual state of affairs of the company. It is manifest that the absence of a well-executed internal check system assisted Pavlo to apply unfair accounting tricks to snitch the company management. A person is not allowed to carry through a transaction from beginning to discontinue under the internal check system. ... situation aided him to employ accounting malpractices such as unapplied currency and placeholder credits to conceal MCIs actual financial status. Approaches against Fraudulent Activities If an individual suspects anticulent legal action within the organization where he works, it is advisable for him not to delineate any false allegation. In addition, he must never try to take any unfair advantage of that fraudulent activity. Every organization has a distinct corporate culture and hence a specific mechanism to report fraud. It is recommendable for the individual to strictly adhere to the accepted fraud reporting mechanism of the organization. If an individual suspects fraud in his organization, for the first time he must make an immediate note of his concern. He should specifically try to note pertinent details concerning the fraud including tel ephone conversations, date and time, or names of parties involved. Secondly, the individual has to report the fraud to person with proper authority and experience. Generally, it is better to report fraud to line managers, internal auditors, or whistleblowers. In addition, fraud may be reported to the Monitoring Officer, Chief Executive, or the Director of Finance. The individual should not make any delay in reporting the suspected fraud to proper authorities because such a situation would cause the organization to suffer further financial loss. Finally, the individual should ensure that the authority has taken proper actions over his fraud report otherwise, he must report the case to higher authorities. at a lower place no circumstance, the individual can disclose his suspicion to public or any other unlicenced person.

Assessing the Different Types of Derivatives Essay

Assessing the Different Types of Derivatives - adjudicate ExampleThe major classes of derivatives are Futures/Forwards which are contracts to buy or sell an asset at a specified next date, Optionals which are contracts that give a holder the right to buy or sell an asset at a specified future date and Swappings where the 2 parties agree to re-sentencing cash flows. Derivatives are often subject to criticisms such as large losses, counter-party risk, and unsuitably high descend of risk for small or inexperienced investors, large notional value and leverage of debt in the economy. In spite of these it has huge advantages such as facilitating the buying and selling of risk thus having a corroboratory impact on the economic system. As former Federal Reserve Board chairman Alan Greenspan commented in 2003 the use of derivatives has softened the impact of the economic downturn at the beginning of the 21st century. In this report the pros and cons and the circumstances under which de rivatives such as forward contracts, future contracts, spot contracts, call options, hedging, interest place swaps, currency swaps and credit swaps are used, are discussed.(Note Wikipedia, the free encyclopedia, Derivative(finance))Forward Contract is an agreement between two parties to buy or sell an asset (which can be of any kind) at a pre-agreed future point in time.As suggested by the International Journal of Sheep and Wool Science, volume 55(2007), results suggest that income stabilization and set risk management were the two major pros of the forward contract method although these were strongly overshadowed by the lean of cons pricing, complexity, dominance of the auction system and production risks.Allaz and Vila (1993) suggest that there is a strategic fence (in an imperfect competitive environment) for the existence of forward trading, that is, forward trading can be used level(p) in a world without uncertaintyIn finance, a futures contract is a