Financial Systems & Auditing Essay Example | Topics and Well Written Essays - 3000 words

Financial Systems & Auditing - Essay Example Ledger stores information needed for preparation of financial statements and final accounts. Books of original entry, also known as prime entry books where transactions are initially recorded, such books include sales journal, sales returns journals, purchases journal, purchase returns journal, cash book and general journal. Accounting or bookkeeping assumes vital and helpful role by creating the information for giving responses to numerous questions confronted by the users of accounting information. It gives information how great or terrible the budgetary state of the business is which products or activities have been productive (Singhvi & Bodhanwala, 2006:262). Bookkeeping is vital for a business entity because of the following reasons: - iii) As the business continues to grow, there is an expanded volume of business results in a huge number of transactions, and no business person is able to remember everything. With the help of accounting records, there is no need to remember various transactions (Demski, 2007:33). Apart from the cash flow statement the other accounts are always set on an accruals basis. This basis of accounting requires that the non-cash transactions be reflected in the financial statements for the period in which their effects are encountered and not in the one in which cash or money is actually received or paid. The accounts are often prepared on a going concern basis. This implies that the accounts are made on the assumption that the  organization  will continue to operate indefinitely or for the foreseeable future. The business has no intention to curtail their operation significantly. This concept helps a business to get long-term sources of finance or loans. It also shows the financial stability to the shareholders that will affect the prices of stock (Kolitz et al 2009:507). Because of many different ways of applying concepts, each entity must select the approach that gives the most reliable picture of the entity

Expansion and Mergers Essay Example | Topics and Well Written Essays - 1000 words

Expansion and Mergers - Essay Example 356). In this regard, a natural monopoly may have adverse effects on the market economy once organizations engage in anticompetitive practices aimed at locking out their competitors out of business. In addition, the monopoly may engage in other practices like fixing prices of goods, which is not the ideal situation in a free market. On the contrary, government regulation is crucial in dealing with excessive competition practices in the market economy (Carroll & Buccholt, 2011, p. 358). In this case, firms will engage in setting prices below unprofitable levels forcing some firms out of business while the remaining firms will raise their prices resulting to products that are too expensive for the consumers. Government regulation is important in controlling negative externalities in a market economy (Carroll & Buchholtz, 2011, p. 357). By definition, Hackette and Moore (2011) defined â€Å"a negative externality as an uncompensated harm to others in a society that is generated as a by -product of production and exchange† (p. 61). It is evident that production of good has many by-products with some being harmful while the manufacturer does not pay for the harm caused. In effect, the manufacturer produces more products and earns more profits without catering for the harmful effects of the by-products. In this case, governments will always regulate such industries in order to ensure businesses do not risk the lives of others while making more profits. Rationale for the Government Intervention in the US Market Process As earlier indicated, governments regulate businesses to ensure that there was no market dominance by a monopoly. According to Geroski and Jacquemin (1985), dominance of a business firm goes hand-in-hand with the ability of the firm to exploit a strategic advantage to gain a large share of the market at the expense of its business rivals (as cited in George & Jacquemin, 1992, p. 150). In this regard, it is possible for business firms to use antico mpetitive strategies and try to edge out their competitors. Although the US is a free market, it is important for the government to intervene and ensure that all businesses engaged in ethical business practices. Since the US is a free market, it is important for the forces of demand and supply to determine the market price of goods and services. In this case, it is important for the government to regulate businesses in industries that fixed prices below the profit making levels in order to get rid of their competitors, in the US. In this regard, the government's failure to regulate makes the businesses eliminate their competitors and only raise the price of goods once their competitors are not in the market. In effect, these unethical practices do not provide for a competitive market environment. Therefore, this emphasizes the importance of government intervention in the form of regulation to ensure the forces of demand and supply remained as the important factors in determining the prices of goods and services. Self-Expansion Complexities on Capital Projects The underlying complexity currently facing any capital project in the US is obtaining capital required for expansion after the recent recession. According to LaBonte (2009), the weak economy and competition from other manufacturers led to decreased market share of the US automobile industry. In addition, the recession had an effect on credit facilities in the country. In this regard, LaBonte (2009) noted, â€Å"The recession had made credit facilities less available, which may have limited the ability of auto manufacturers and suppliers to finance their

Financial Statement Analysis Assignment Example | Topics and Well Written Essays - 250 words

Financial Statement Analysis - Assignment Example Apart from the management potential investors or creditors also benefit from analyzing financial statements as this provides them with the necessary information as to whether a company will be able to pay back the money they have invested or loaned with an appropriate return on their investment. There are various types of ratios such as Liquidity, Asset turn over, Leverage, Operating performance / Profitability and Business Ratios. Using these ratios business owners and leaders can benefit greatly as they provide insight as to whether a company has sufficient resources to meet its short term financial liabilities, is the company using its resources in an efficient manner, how much debt it has incurred to date as compared to its net worth, is the company utilizing its resources in an efficient manner so as to generate profits and increase shareholder value and what is the status of its stock price. In short these ratios can assist business owners and leaders in making more accurate and financially beneficial decisions especially when there is a lot at

Business-to-Business E-Business Technology Research Paper

Business-to-Business E-Business Technology - Research Paper Example The Business-to-Business E-Business Technology concept emerged owing to the growing use of internet technology in the business sphere. With the enhanced use of internet technology, business corporations can effectively interact with each other both in an intrinsic and extrinsic manner. Intrinsically the business corporations can better relate the head office functions with the several branches spread along different regions and also to the warehouses. The business corporations with the use of internet medium can modify the business functions related to purchases and sales in a much faster and efficient fashion. Business-to-Business technological interface helps the business corporations gain a huge number of advantages which can be enumerated as follows. Management of the inventory and sales functions is better managed by business houses through the expanded use of internet technology. The business corporations through the use of the internet medium can effectively track changes in t he external market and thereby modify the products and services rendered. Through enhanced satisfaction of consumer demand, the business houses can generate more amount of profit and also augment on the market share. Moreover, with the enhanced use of internet technology in the business medium the business corporations can effectively minimize the cost of business operations thereby enhancing the productivity aspects. Different companies pertaining to manufacturing and other information technology companies have gained largely owing to the expanded use of internet technology in the business to a business sphere (Haag, 2005,p.139-410). An enhanced understanding of the Business-To-Business Electronic Commerce technology shows that the above technology can be used in different forms by the business corporations while performing business activities.

Cultural Preferences and End-of-Life Care Essay Example | Topics and Well Written Essays - 500 words

Cultural Preferences and End-of-Life Care - Essay Example This paper studies Kagawa-Singer and Blackhall’s (2001) article and directs its attention to the Chinese-American ethnic group, outlining some of the critical issues that affect the medical process based on the patient, family and the physician while monitoring the cultural beliefs, practices and values of the patient so as to ensure maximum satisfaction at the end of life. The paper also looks into the various challenges faced by professionals in palliative care with respect to cultural beliefs and the implications of these challenges to the professionals. On January 12, 2001, a perspective editor interviewed a 38-year old Chinese woman, Ms Z, who took care of her ailing mother and father with help from her elder sister (Kagawa-Singer and Blackhall, 2001). In December 1994, her mother was diagnosed with stage IIIB adenocarcinoma of the lung and underwent chemotherapies. She received constant treatment but succumbed to her end of life in January, 1996. To add to the ill-fated departure of her mother, Ms Z’s dad was diagnosed with Parkinson during the early 90s, and died in 1997 after numerous medications had been administered (Kagawa-Singer and Blackhall, 2001). According to Ms Z, the topic of her mother’s condition was never raised by any family member. In addition, her father never discussed his condition even after they had full information from the doctor (Kagawa-Singer and Blackhall, 2001). From the interview, a number of issues were of notable concern in the Chinese culture and they are addressed below: a) Informed consent – across many cultures, people do not appreciate telling the truth about diagnosis of certain diseases such as cancer, although it is part of U.S. health care. According to Ms Z, her mother’s diagnosis was given in a statistical book for her to read, and they never discussed that topic again. This is

Discuss what is the importance of sex education in early childhood Dissertation

Discuss what is the importance of sex education in early childhood (3-8 years) and what is parents' attitude and teachers toward - Dissertation Example Education related to sex is for mounting youthful proficiencies so that they formulate knowledgeable preferences about their activities, and sense assurance and familiarity about performing on these options. It is extensively established that children possess right to be educated about their body and also should be imparted sex education as it is a method that aids them to safeguard and protect self in opposition to mistreatment, utilization, unplanned pregnancies, or from sexually transmitted diseases (STDs), HIV and AIDS. By imparting sex education, they are empowered to discuss issues influencing them, they do possess right get their requirements meet up, also assist these children to take pleasure and in understanding sexuality as well as their affiliations (Sex Education That Works). Apart from family atmosphere and preaching, school atmosphere plays an essential role in educating students about sexuality. Some schools educate their students about the subject as they are well eq uipped and feel it is necessary for the child development, while other schools never like to handle the subject (Kirby, 1999). Humans have developed a society with different temperaments, perplexing environment of varying morals, contentment seeking and progressiveness and open-minded attitudes. It is observed that children are coddled in adult sexual performance enhancing the rate of divorces between couples. This is tragic for the children as they are being pulled by their parents (Ketterman, 2007). According to Wight and Abraham (2000), it is necessary to develop sex education on the basis of theoretical knowledge. This programme is undergoing controlled research trial in UK. Wight and Abraham (2000) further state that it is difficult to translate research based conclusions drawn regarding imparting sex education into acceptable, replicable and potentially effective classroom lessons. It is imperative to incorporate the theoretical ideas with high precision and care to create an awareness in the classroom culture. It is evident that every teacher has a different skill to teach and the incorporated information must be explicit enough to be transmitted in the manner and procedure it should be (Wellings,, 2001). It is essential to have the appropriate directions to safeguard the children and future generations from any kind of mishap (Ogunjini, 2006). Sex education is required to develop a healthy approach as well as to afford the budding minds with a vision and an outlook so that the mistakes that were done in the past could not be repeated. The mistake encompassed the birth of AIDS and STDs, had sex education would have gained magnitude in the past and concern about educating individuals would have been started a few dreaded diseases could have been prevented (Ketterman, 2007; Bryan, 1996). According to Eyre and Eyre (1999), children must be educated in an explicit manner about the sex and sexuality. It is essential for them to have complete information and it is always better to start early as soon as the child is three years of age and till the child is eight, the child must be able to be aware about many things in life and should grasp the situations, happenings going around. Sexuality begins at birth. As soon as the child is born everyone likes to know- "a boy or a girl?" Children are classified by their gender and thus they learn to discriminate between

Propsal Essay Example | Topics and Well Written Essays - 4000 words

Propsal - Essay Example The most recent advent of distance learning constitutes the most enticing of these. The aim of this research is to find out the influence of distance training on raising the motives of teachers to participate in training programmes. It will substantially consider the case of Saudi Arabia and will specifically explore teachers' viewpoints there, regarding the potentials distance training has that make it more favourable and encouraging as opposed to those of the traditional face-to-face approach. The research, in the process, will uncover different aspects related to teachers' training programmes. This will then be correlated to assess how teachers' motivations towards training can be increased. There has been a wide recognition that training plays an important role in upgrading and improving teachers' abilities to elevate teaching outcomes toward highly accomplished educational goals. It is to be noted that an ongoing training system has been developed in Saudi Arabia in this regard. However, the beneficial consequence of the system cannot be apparently felt and there are signs that teachers are not all that interested in participating. Several reasons might be enumerated to be behind this. However, many believe that it is the approach that relies mainly on the conventional face-to-face training that is not sufficiently motivating teachers to take place. It is assumed that applying distance training approach as an alternative would be more encouraging. Although distance training is becoming widely employed nowadays and proved to be very sufficient to gain interest, the link between distance training and motivation is not sufficiently covered by research yet. This research will try to explore this sort of link and find out how significant distance training is considered as a motivating medium. Moreover, the research will assess the extent to which conventional face-to-face approach fulfils teachers' training purposes and highlights the major obstacle facing this system. On the other hand, it will also research the opportunities of applying distance training among teachers in Saudi Arabia. It will try to build a good understanding of the available information technology infrastructure and reveal whether teachers have the basic skills to facilitate information technology tools and thus get the full benefit of distance training. The research will look at how confident teachers are with distance training and find out any sort of relation between satisfaction and motivation with distance training including other factors related to working and personal conditions such as subject and level of teaching. Strategy: The proposed research will take on a quantitative approach. It will mainly depend on gathering and analyzing quantitative secondary and primary data gathered from available literature documents and by means of social surveys. This will be supported with appropriate qualitative data and analysis to provide clarification and confidence. The research will be mostly deductive in a sense that it works from the more general to the more specific and builds up its conclusion upon initial scientific hypotheses. It ought to ascertain a preliminary assumption and generates inferences about associations among selected variables. The research will try to answer the following questions : 1-To what extent do teachers in Saudi