Disagree with the author''s point. Create your own argument that Research Paper

Can't help contradicting the creator's' point. Make your own contention that restricts either a minor or significant point the creator makes. (Don't - Research Paper Example He further contends that, on a regular day, an American child takes 1,040 calories that are twofold the government’s day by day suggested necessity, and it exacerbates it this is joined by a super-sized coke with 450 calories. All things considered, he recommends that these inexpensive food organizations ought to be a notice with the adverts, and furthermore remember the measure of calories for their nourishments. I concur with Zinczenko that quick nourishments are answerable for the flooding number of corpulence and diabetes in youngsters. Be that as it may, I differ that the absence of calorie names and alerts by the organizations are the significant reasons why children devour quick nourishments at a high rate. I accept that people have a duty to pick what is sound and keep away from what isn't. The two guardians and youngsters have an obligation to settle on the correct decisions in regards to what is solid and what is unsafe. Remembering calorie data for the nourishments that individuals expend from the primary food joints isn't an answer as, numerous individuals will overlook this data, and some will never take a gander at the data. At present, even without passing a notice on their adverts, everyone in the general public realizes that devouring an excess of cheap food isn't solid, however they despite everything overlook this and proceed, purchase and expend these nourishments. Consequently, saying that including an admonition and calorie data won't dissuade individuals from devouring these nourishments. Despite the fact that the writer bolsters his contentions by giving an individual encounter, which makes the article increasingly trustworthy, the greatest issue despite everything stems down to moral obligation. In an article named It's Portion Distortion That Makes America Fat by Shannon Brownie, the writer talks about an examination completed by a showcasing star at Taco Bell. In the purchaser based statistical surveying, Elliot Bloom found tha t a large portion of the continuous clients who represented 70% of deals were youthful guys and youngsters who frequented the cheap food joints as regularly as 20 times each month (Brownlee 1). Besides, Bloom discovered that these youngsters didn't have any enthusiasm for cooking thus the purpose behind frequenting the cheap food joints. These individuals indicated no worry for the healthy benefit of the food, which shouts out the absence of obligation prompting extreme utilization of unfortunate nourishments. Shannon Brownie utilizes the utilization of exact information and examination proof to introduce her point about quick nourishments and rising instances of corpulence and diabetes in the general public. This makes the data gave in this source solid. Guardians ought to be answerable for what their kids eat. The contention for poor financial status and absence of time ought not be a reason to disregard their kids, and drive them to first nourishments. Truth be told, eating well will help the family spares in light of the fact that the more beneficial choices are consistently modest. What's more, the family won't just save money on food, yet in addition on hospital expenses by turning away conditions brought by an excess of utilization of quick nourishments. Unmistakably, pretty much every parent knows that quick nourishments are destructive as far as wellbeing. Therefore, regardless of how bustling they are, the wellbeing of their youngsters should start things out, and subsequently, they have to guarantee that they get ready nourishment for their kids before getting down to their bustling timetables. In addition, making a natural product or vegetable serving of mixed greens, vegetable juices or

Examining the history and background of intangible assets Essay Example For Students

Analyzing the history and foundation of immaterial resources Essay In the heft of twentieth century, touchable resources is viewed as the head start of the business esteem, which incorporate fixed in addition to, for example, structures, land, creation each piece great as monetary resources, for example, securities and their rating. They were appeared in the financial proclamation in the wake of rating which depends on their expense as well as exceptional worth. Nonetheless, it is non normal that individuals do non recognize or pay any going to on immaterial resources, however the particular estimation of impalpable resources is non clear and recorded in a critical position sheet. Indeed, even now, the priority organization s rating on gainfulness and open introduction is still spotlight on those advantages aside from elusive resources, for outline, predicting return on contributing, estimating the estimation of fixed resources or value. Since there are no entering estimation of immaterial resources in the bookkeeping book, they are non remembered f or financial worth similar measurings as great, for example, money related worth and book esteem proportion. Be that as it may, in the last 25 mature ages of this century the awareness of making an incentive for the investors changed drastically, individuals begin to keep up eyes on impalpable resources and their rating. Despite the fact that individuals do non pay such a great amount of going to on the advantage from elusive resources, it is non mean that heading of the organization are non aware of the significance of such resources. It appears that the vast majority of effective concerns are because of fruitful corporate course of elusive resources, for example, exchange names, licenses, building and workers, yet lack of communicated rating on such resources. Their qualities are summed up in the entire estimation of the advantages, no any entering Independently. The owners of some significant exchange names, for example, Coca-Cola, Procter A ; Gamble and Nestle made a few actives to secure their impalpable resources and perceived the significance of their exchange name, however there were still non purposes on intangibles on the financial exchange to substitute for speculators worried about their evaluation of the worth create from touchable resources. We will talk some of import occasions beneath with groundss to back up what I have said previously. So this investigation will follow the history and foundation of impalpable resources ( Brands primarily ) to search for the answer why elusive resources ( Brands mainly ) ought to be recorded Independently in financial examination and examination the advantages by using occasions in design. We will other than talk the habits of exchange names rating and the advantages. Those two boss substance will be examined Independently and both are center around hypothesis and example. The day of the month and data are looked into structure the internet and some related books. An even cluster will be cited with legitimate referencing ( see notice ) . Outline1 Introduction2 Structure of the study3 Background to the subject4 Theory on depicting exchange names5 Benefit from Trade names in pattern6 The cultural estimation of the exchange name7 Theory on Brand Valuation Manners8 Brand Valuation attack9 Factors in exchange name rating10 Trade names rating stairss11 The guide of exchange name rating in pattern12 Strategic Brand Management13 Fiscal minutess14 Decision Presentation Structure of the examination The central natural structure of the examination is comprise of six sections. In section one, debut In section two, the hypothesis on depicting exchange names In section three, Benefit from exchange names design In section four, The cultural estimation of the exchange name In section five, The hypothesis on exchange name rating habits In section six, the guide of exchange name rating in design In part seven, choice In part one, it is about the hypothesis of elusive resources under IAS 38 and FASB. Counting, the meaning of immaterial resources by IAS 38, method of affirmation and estimating of intangibles, utile existence of intangibles. It will embody a tiny bit at a time which sorts of intangibles ought to be perceived on the monetary articulation and how to gauge from the fundamental perception point. A concise introduction to the hypothesis of three head rating assaults ( pay assault, advertise assault and cost assault ) will be included. In part two, I will using three UK organizations ( Coca-Cola, Amazon and Sony Ericsson ) in various areas as occasion surveies to demo the use of hypothesis to design what's more secure input by examination those organization assault of impalpable resources. Meaning to occur out the what is the outcome entering intangibles in the monetary proclamations has on the perusing of corporate financial open introduction. Get the mode how to keep the in addition to estimation of organizations exchange names. In section three, I will look to bespeak a few suggestions base on above explain. Accepting recommend the recorded expense of immaterial resources are uncovered on the corporate monetary records while the simply estimation of elusive advantages for be unveiled in financial articulations to empower tries to mirror a progressively complete and sensible bookkeeping data. Foundation to the subject Procured the exchange name the late twentieth century, moving edges of 80 caused an incredible exchange of cooperative attitude bookkeeping rules, the mass can non be a reasonable assault to dealing with the monetary framework. Minutess prompted the cooperative attitude bookkeeping in the contention on the accounting report, including Nestle Rowntree, United Biscuits obtaining and divestitures Kebler buy, the Metropolitan made Pillsbury and Danone s securing of Nabisco European concern. The supposed great will bookkeeping design does non influence the turning significance of elusive resources, with the organization to do acquisitions they think the punishment is valueenhancing results. They either face the overall gain and misfortune history ( salary explanation ) , or they needed to make off the entirety out of volunteer armies and the terminal of the securing of the in addition to base than ever before in numerous occurrences a major figure of lower amortization disbursal. In states, for example, Britain, France, Australia and New Zealand is as yet conceivable to recognize the procurement of recognizable elusive exchange name esteem, and proposed the obtaining of these organizations asset report. This assists work with excursion the activity in great religion. At that point, as the exchange name affirmation of elusive resources utilized by a dim nation of bookkeeping, in any event in the United Kingdom and France, so organizations do non advance including an accounting report on the exchange name, yet non unfit to make so. In the mid-80s, Reckitt A ; Colman, the British house, to its Airwick exchange name, which late gained the accounting report esteem ; significant metropolitan nation and Smirnov did non exchange name it as part of the obtaining, with Heublein. At a similar clasp, some paper gatherings to its obtaining of the ascent of their accounting report esteem. To the late 80s, on the monetary record was the anxiety of exchange name an incentive inside the organization prompted significant financial resources, inside produced exchange names, comparative affirmation. 1988, Rank Hovis McDougall ( RHM ) , the UK s prima supplement gathering, to play their exchange name of capacity, all things considered, in the effective protection of Goodman Field Wattie ( GFW ) unfriendly overthrow detat order. RHM s guard conspire incorporates a practicing to show the estimation of RHM s exchange name portfolio. This is the first to set up a free exchange name esteem, the estimation of this is conceivable, non simply when they gained the exchange name, and when they were made by the organization itself. Effectively opposed the order GFW, RHM in its 1988 monetary accounts of the estimation of all inside produced immaterial resources, and get the exchange name on the asset report. In 1989, the London Stock Exchange affirmed the develop of exchange name rating permitted by the RHM investors endorsed the obtaining of elusive resources remembered for class preliminary. This end up being a significant moving edge of customer stocks organizations to propel exchange name cognizance to their asset reports as immaterial exchange name esteem. In the UK, including Cadbury, city ( when it is 50 billion acquisition of Pillsbury ) , Guinness, Li Bo ( when it gained the Hilton ) , and United Biscuits ( including Smith s exchange name ) . Hypothesis on portraying exchange names The FASB and other bookkeeping natural structures have expressed that the financial inclusion should gracefully data: that is utile to potential financial specialists and banks and different clients in doing reasonable contributing, acknowledgment, and comparable conclusions ; that helps present and potential financial specialists, banks, and different clients in estimating the wholes, timing, and uncertainness of planned hard money grosss and net hard cash influxs to the undertaking ; and that portrays the financial assets of an undertaking, the cases to those assets, and the result of minutess, occasions, and fortunes that change its assets, and cases to those assets ( Nearon, 2003 ) . Today, including Louis Vuitton, LOreal, Gucci, Prada and PPR numerous organizations have perceived the obtaining of their monetary record exchange name. A few organizations as of now utilize the exchange name worth and gracefully recorded open introduction indexs as a financial exchange name esteem, as a speculator dealingss instrument, the accounting report of their exchange name singularity. In bookkeeping rules, the United Kingdom, Australia and New Zealand have been permitted to get extent of taking exchange names the accounting report, and gracefully data on the most proficient method to cover with expand rules of cooperative attitude gained the course. In 1999, the UK Accounting Standards Board s FRS 10 and 11 of the gained great will in a critical position sheet intercession. Worldwide Accounting Standards Board and International Accounting Standard 38, after the suit. In the spring of 2002, the Financial Accounting Standards Board Accounting Standards Board discharged 141 and 142, surrendering brought together bookkeeping and puting about affirmation of procured cooperative attitude to be determined sheet of the intricate guidelines. There are indicants that mo

Summer and People

India is a tropical nation. Here Summer Season is felt more conspicuously than some other season. Usually, we start to feel the late spring heat from the long stretch of April to the second seven day stretch of June. This season is noteworthy for the warmth. Individuals experience the ill effects of horrible warmth directly from the morning till the 12 PM. Toward the beginning of the day individuals feel a delicate breeze. At that point the sun rises and the frightfulness of the warmth begins. All the exercises of the individuals are finished with a little solace just in the first part of the day time. As the sun rises heat is felt.People are hesitant to go out. Because of horrible warmth, avenues and streets become forlorn. The individuals who take up some excursion in day time get worn out very soon. Frequently they are influenced by the sun-stroke. Drying out happens as body sweats intensely. In the event that we don't take a lot of water, we separate. The late morning is the most terrible and agonizing piece of the day. Winged creatures and different creatures take rest. In some cases wind blows conveying hot particles of residue. In some cases there is no wind. There is just radiation and warmth. They sit under the shade of trees.Still there is no help from the warmth. They every now and again feel parched. Individuals keep their dairy cattle kept to the shed. This sweltering condition wins up to four PM. Despite the fact that the sun descends in the sky the blasting warmth doesn't diminish. At the point when individuals come out, the skin of their body feels consuming. Lakes and pools evaporate. The water level in wells additionally goes down. Individuals regularly walk miles and miles to bring water. On the off chance that there is meager water in a lake, individuals utilize that water for all reasons. Subsequently, the unhygienic circumstance is created.Of course, the advancement of science has given us coolers and fans to battle heat. This is conceivab le just with respect to the rich. In Summer Season, fierce tempests emerge in evening. They bring showers frequently. Individuals get alleviation from the excruciating warmth. Schools and Colleges stay shut for Summer Vacation. Government workplaces work toward the beginning of the day as it were. Cold beverages, lasi and sharbat are sold in explicit slows down. Youngsters run for desserts. In this season we get a few natural products, for example, mango and jackfruit, and so forth.

Impenitent Surveillance Solutions Company (ISSC) Essay

Uncontrite Surveillance Solutions Company (ISSC) - Essay Example The organization is owed by a gathering of youthful trend-setters out to benefit developments that are reasonable and offering answers for issues influencing basically all person at the private and corporate, business world. This strategy has been drafted as a guide and an administration instrument for the beginning of this undertaking, just as fills in as the reason for an itemized showcasing plan. The accompanying features the primary concerns of the arrangement. The goal of ISSC is to produce pay to the gathering, extend employment opportunities to different people in the contemporary world shook with expanding levels of joblessness. The mission of ISSC is to give an answer for the reconnaissance procedure by presenting a device that is reasonable and effective. The underlying item will be profited at the encompassing regions as for the different market fragments distinguished. The neighborhood and global market for the item is wide inferable from its moderateness and methods for utilizing versatile communication for cautions and checking the premises. At long last, the underlying money related examination of the suitability of the task plainly shows the extraordinary guarantee and results. Regarding different examinations done, shut circuit TV has been extremely basic in wrongdoing decrease and examination. The consideration of cell phones to this innovation decreases the weight of observing devices and upgrades the basic augmentation of safety efforts in the present high innovation world. Taking everything into account, as this arrangement will plot, this arrangement extends a quick development and possible high net returns in the coming three years. The efficacious usage of the arrangement combined with a definite promoting procedure will guarantee that ISSC in the long run and suddenly goes to be a productive dare to the group of the pioneers and fulfilling to the clients. 1.2. Targets The destinations of the strategy are: 1. Present a guided configurati on for dealing with the development of ISSC: a vital practice for building up a far reaching strategic advertising plan. 2. Set up the planned market base capitalisation. 3. Set up the normal continues of the endeavor and its reasonability. The destinations of ISSC are: 1. Create adequate benefit to upgrade future development and advancement. 2. Think of moderate and compelling reconnaissance devices. 1.3. Crucial strategic ISSC is clear and basic: Purpose: ISSC has been acquainted with benefit compelling and reasonable, compact CCTV. Vision: in the arrangement of powerful and reasonable reconnaissance contraptions, lion's share of families and little organizations will get observation devices. Showcasing motto: â€Å"ISSC the audacious answer for your premises protection.â€Å" 1.4. Key to progress The set keys to progress for ISSC are: Ensuring high item quality. Maintaining high promoting and systems administration procedures Enhancing responsiveness in the reconnaissance part. Building up a faithful and friendly relationship with its group of clients. 1.5. Business Concept to sum things up Impertinent Surveillance Solutions Company has

Exploitation and Political Unemployment in Democratic Organizations

Cec trading ltd - Free Essay Example

1.0 EXECUTIVE SUMMARY 1.1 Business Idea and Goals CEC Trading Ltd. is a Nano Energy Water Flask trading company in Miri, Sarawak. The products that we sell are water flasks that release charges to the water with high amount of negative ions, which is good for our body. This company intends to be the best water flasks trader in Malaysia. It is because the water flasks that this company is selling are one of a kind. It also made up of good quality and the price is very affordable. Three elements that this company concentrates on in order to reach our goal are our customers, our supplier and our employees. The major shareholder of this company (Vivian Ngu) intended to initiate the business with more than 5 employees and sell approximately 10500 water flasks in the first year which will increase in rational amount in the following month. The company intends to generate at least MYR 294,000 in sales revenue and make MYR 65,200 profit in the end of its first year of trading. 1.2 Marketing The main targets of this business are customers; range from students to workers, most likely everyone. Our company has a warehouse for storing the water flasks and we had chosen a strategic place which is situated at Jalan Bintang, Shop Lot No. 68. On the other hand, our company is selling the Nano Energy water flasks in Parkson, which is located in a shopping mall named Bintang Plaza. The reason we chose Bintang Plaza as the main location for our business is because of the huge flow of customers who visit Bintang Plaza daily. 1.3 Products Nano Energy water flasks can release charges to the water with high amount of negative ions, which is good for our body. It can restore the waters PH level to the ideal level, which is 7.0 to 7.4. Thus, it will change the water to alkaline water which benefit to health. The Nanotechnology breaks down water molecule into smaller possible size so that they are more easily absorbed by the body. Therefore, the taste of the water is smoother, sweeter and easily absorbed by our body cell as osmosis may occur easily. Drinking energized water regularly also kept us away from suffering different kind of health diseases. Moreover, the energized water penetrates deep into the body cells more easily, transfers nutrients to the body more efficient and takes away un-useful product from our body system, thus making us strong and healthy. 1.4 Sales and Promotion Promotion of the business will take place using a variety of methods, including advertising through distributing flyers from school to school, making banner, emails and telephone ordering. We will pay a few workers to distribute flyers from one place to another place. For examples, Curtin University and always all the secondary school in Miri, Sibu and Kuching. 1.5 Finance CEC Trading is a self-funding company as the initial shareholdings of RM 8000 will be injected by the major shareholder of the company (Vivian Ngu), and RM 5000 by other shareholders (Damilola, Faiznur Dilan, Wong Wen Yi and Wong Soon Siong). The company estimating the business will always show a positive value of cash surplus in every month for the first year of the operation. The company will not apply for any form of loans from outside party including bank in the first year of the operation. 2.0 BACKGROUND 2.1 Mission Statement CEC Trading Ltd. is not only aim to be one of the well-known Nano Energy water flasks traders in Malaysia but also aim to be the best water flasks trader in Malaysia. We want our product which is the unique Nano Energy water flask known as the best water flask in Malaysia as it is a beneficial product and it is made up of good quality. As well as any other company, we also would like to gain profit as much as possible. In order to attain our missions, our company will focus to the followings: 1. The Product: Our good which is Nano Energy Water Flask is made with 304 stainless steel. There is a filter inside the water flask which will be builded up from 13 kinds of natural materials such as tourmaline, zeolites, manifanshi, nano silver powder, kaolin earth, rare earth, far infrared stone, muyu stone, clay and others. The combinations of different kind of natural resources are approved scientifically to give highest efficiency to the water. 2. The Employees: The employees will be trained to do their own role efficiently. They will also be motivated by attending program which then they will produce better performance. 3. The Consumers: We are targeting adult as well as children and ageing people to consume our products since our product is available to any age. We would like to make sure that our customer satisfied with their purchases of the Nano Energy water flasks. For the capital, the amount capital needed to start the business is RM28,000. The amount of capital stated is needed to cover up all of the essential expenses that the business required to set up the business. The sum of capital that stated above is also needed to achieve a positive cash surplus in the first month. 2.2 Company History This is a new business which all started from the observation that we, the shareholders made. We had a discussion and came up with an idea of selling water flasks. The water flasks that our company planning to sell are water flasks with special features and benefits, which are the Nano Energy water flasks. This water flasks release charges of negative ions to the water and it is good for our health. In addition, the reason we chose to sell Nano Energy water flasks is due to the high demand of health products which needs a huge amount of money. On the other hand, we can also save the environment by reducing the use of plastic water bottle. Thus, by combining both of these situations, this company is set up. Furthermore, customers will not have to spend lots of money for their health products; instead they can buy the Nano Energy water flasks which only cost them MYR 28. 2.3 Business Goals The short-term goal of this company is to employ at least 5 persons full time on a salary of approximately MYR 4,900 per month. Our company planned to run our business within Sarawak for a start. The Nano Energy water flasks will be distributed to a few parts of Sarawak which are Miri (the main place of our business), Sibu and also Kuching. Furthermore, our company targeted to sell about 10500 water flasks in a year, which would probably increasing in the following month and gain a net profit at least MYR 65,200 for future investments. For the long term goal, our company wanted to expand the company into a bigger company by selling the Nano Energy water flasks to West Malaysia and Sabah. This is because we want to widen our market range and we would like to gain more profit. In order to achieve our long- term goal, we will analyse our weaknesses and strive to improve our business strategies. 3.0 MARKET CEC company is a trading company that buy product from a manufacturer (whole sellers) then sell to retailers which is to the shop we decided to sell our products. Then we sell our product to consumers. The new product we are introducing into the market is a product from Vuitton Silver Manufacturing Company that sells different types of water flask in Malaysia such as Vacuum water flask and Nano Energy water flask. The product we are introducing is Nano Energy water flask which helps to charge water with high amount of negative ion which are absorb by the body. Due to the fact that more than half of our body consists of water, water is an important element which is needed by everyone. Thus it is important that we consume healthy water daily. Nano Energy water flask can change the water ph level to be alkaline. Other than that, it can also breaks down water molecule into smaller size which then can be easily consume and the taste will be sweet and smooth. Furthermore, alkaline water ca n build up better immune body system thus prevent us from easily infected by diseases. For further information, drinking this energized water often also enhance our bodys metabolism and can concern about our beauty. However, the most important key point in drinking this energized water is keep us away from all kind of diseases. Due to the fact that our warehouse is in the state of Miri, Sarawak, our product can be found in Parkson which is in Sibu, Miri and Kuching. This water flask can be use by children as well as adult. 3.1 Market Analysis Due to the research carried out by the CEC Company, we found out that there is a lot of water flask that were on the market, but their functions are only to keep warm or keep cold. Thus, our company decided to do trading on a new type of water flask, which is for consumers health purpose. Another thing that the business concern about is about environmental friendly. 3.2 Seasonality The major of our sales revenues are in February to November. This is because there are no long holidays or school holidays. Thus, the customers might saw the advertisement for our product and purchased them. In the other hand, due to the holiday season such as Celebration or summer break periods, the people might be going out for vacation thus will decrease our sales revenues. 3.3 Competitors There are lots of competitors in the market who have products that perform same function with our product Nano Energy water flask, some of the companies are listed below: I. ENCHANCE PLASTIC INDUSTRY SDN BHD, MALAYSIA II. TAIZHUU GANGLUNG PLASTIC CO.LTD III. KSK GLOBALINK MANUFACTURING SDN BHD IV. ELLEDI (M)SDN BHD V. ZHEJIANG TYSESO INDUSTRY TRADE CO.LTD. VI. YONGKANG SHIQIANG HARDWARE PLASTIC CO.LTD 3.4 Market Overview The major target market of CEC Company is student, workers, athletes and the public in general. Nano Energy water flask produces storages where you can store your water to drink anytime which is tasty. Our product is convenient, easy and collectable, it is also attractive to the eyes as it will be in three colors silver, red and black which makes the demand for the product higher because it is also affordable in terms of price. Other than that, we also provided telephone ordering for customers need. 3.5 SWOT Analysis We carried out an analysis on the market situation on our product with the use of SWOT analysis, which we make improvement in our business. SWOT Analysis represents the strength, weakness, opportunities and threats of the business. Through SWOT Analysis, it can guide the company to work on our weakness and threats where as maintain our performance regarding the strength and opportunities(citation business management). STRENGTH The strength is an initial factor which increases value for our business. The strength of nano energy water flask is to have been strong enough to get them a higher place in the labor market even with various imitations from other competitors who are in the market or wants to come into the market with similar products. It can be measured using internal assessment. Quality of the brand Strategic location Sustainability of the product Health care Light weigh of the product WEAKNESS Weakness is also an internal factor that decreases the value of the business. We need to analyze our company weaknesses so that we can make improvement based on them. Lack of marketing skill Lack of workers Limited budget Lack of advertisement Consistency of supplier OPPORTUNITIES Opportunities are external factors that add value in the business. The business needs strategies to perform better performance. Expose our products in other countries Special promotion during special events Improve the skills of workers THREATS Threats are the external factors that decrease the value in the business. The business need to be aware of the threats that may be occurred. Existence of substitute goods in the market Delayed of the products due to the transportation problems 3.6 MARKETING PLAN 3.6.1 Production/ Service Target Market The 2 main targets of doing this business are to improve the healthiness of consumers and to concern about the environment. Nano Energy water flask is a good product which helps to transform the water into alkaline water which is good for health. It is also convenient in the aspect of shape and size which makes it very easy to be carried around by anyone who needs a flask to store their water to take to either school or workplace and even to sport arenas. It is a stainless steel bottle which makes it more attractive and presentable. The fact that it is a stainless steel does not mean it going to get rust easily. On the other hand, since the product is made of stainless steel, it can be used for at least one year. Thus, we can be environmental friendly by saving the consumption of plastic water bottle. 3.6.2 Place Although the business is doing trading to Miri, Sibu and Kuching, our main business is in Miri. Nano Energy water flask is classified to be a household product, thus it can be found in Parkson, in the department where they sell household products. We also need a warehouse to store all our products. 3.6.3 Price Vuitton Silver Company supply Nano Energy water flask to the business with the cost of RM15 each. This cost will be derived after the deduction of all the money use in the production of the flask, such as buying of the machinery, steels, wages of employees, vehicle for distribution, insurance, rents and other expenses. After doing the analysis, our company tends to charge RM 28 for the product which can provide profits on every sales and this price can be afforded by customers. 3.6.4 Promotion and Advertisement Our company tends to alert the general public about nano energy water flask through various means in other for them to know about the product. A research was done on the strategies needed to promote the product in the market. As a result, we made use of the following promotional tools in the business. fliers and handbills posters and banners emails and telephone contact 3.7 Evaluation of Market CEC Company carried out an evaluation on the market, using the market strategy which is carried out at the end of every year to analyze the sales data of Nano Energy water flask to see it performances in the aspect of the quantity that has been sold and as well as profits made. Based on the cash flow forecast, we have cash surplus of RM 65,200 during the year. This proved that the promotions and sales have been done effectively. 4.0 OPERATIONS 4.1 Legal and Licensing Requirements (a) Business name and legal structure CEC Trading Ltd is a proprietary limited company. The company structure has already been registered and start up with five shareholders: Vivian Ngu Yen Shya (25% shareholding) Wong Wen Yi (18.75% shareholding) Faiznur Dilan binti David Ismadi (18.75% shareholding) Damilola (18.75% shareholding) Wong Soon Siong (18.75% shareholding) Who also serve as the directors of the entity. (b) Operating laws and licenses The business needed a license to run the business legally. 4.2 Management Details The managing director of the company will be: Vivian Ngu Yen Shya Home address: 175, Phase 2C1, Desa Senadin, 98000 Miri, Sarawak, Malaysia Ph: (085) 656578 Fax: (085) 656579 Date of birth: 25 November 1991 Qualifications: Bachelor of Business (Double Major in Finance and Management) Experience: Management and Financial Advisors and owner of Wealth Spring Consultancies 1997 2003 4.3 Organizational Structure and Staffing Most of the job of the business will mainly be done by general manager. A warehouse is needed to store our products. General manager, sales manager and accountant will mainly be working in the warehouse. On the other hand, 3 marketing expertise and 2 drivers are needed in doing sales and also deliverance. General manager The duty of a general manager are to manage all business plans and the performance of the employees. Salary : RM 1000 Sales manager * The duty of a sales manager is to deal and communicate with the owner of parkson in order to know the amount of sales revenue. * Salary : RM 700 Accountant * The duty of accountant is to record the business transactions, summarizing and analyzing to produce financial statement in the end of the period. * Salary : RM 700 Sales advisor * The duty of sales advisor is to approach customers and advise them to buy our product. * Salary : RM 500 Driver * The duty of driver is to deliver the products to the destination and also help to transfer the products to the sales department. * Salary : RM500 4.4 Professional Advisers Accountant Sunlight Accountants 55, Sunshine Park, Tun Hussein Onn Road, 98000 Miri, Sarawak, Malaysia Ph: (085) 668 132 Fax: (085) 668 133 Lawyer John Smith 28, Fortune Park, Desa Damai Road, 98000 Miri, Sarawak, Malaysia Ph: (085) 636 732 Fax: (085) 636 735 Insurance broker Bank account May Bank Malasyia 279, Bank Street, Pujut Road, 98000 Miri, Sarawak, Malaysia Manager: Angeline Tan Ph: (085) 678 588 Fax: (085) 678 579 4.5 Business Premises Location CEC Trading Ltd will acquire a business premise as an office which deals with the paperwork and also warehouse as the storage for stocks and equipments. The ideal location would be located at shop lot where we can store and sell the stock. The premise will be located at Shop Lot 608, Medan Commercial Centre, 98007 Miri, Sarawak, Malaysia. The price tag for renting the shop lot will be RM 1,500 per month. The shop lot will be repairing and do some painting. The goods that we sell will be distributed to the hypermarket, Parkson in Miri, Sibu and Kuching. 4.6 Equipments Required The equipments that required for the business will be: Computers Printers Scanners Internet connections Fax machines Telephones Furniture (table, chair, shelves) The above equipments are some of the basic needs to run the daily business operation. The equipments required will change from time to time. 4.7 Production Processes Our company will get the stock from the supplier, Vuitton Silver. The estimated amount around 1000 of Nano Energy water flasks will be order from the supplier every month. Therefore, all the stocks will be store in the warehouse. Then, the workers will distribute some of the stock to Parkson. The working hour is from 8am to 5pm every day except on public holidays. There are different types of color of the water flask will be sold such as silver, black and red. The product will be sold at RM28 each for every types of color. The selling price is enough to cover all the expenses as the cost price of each water flask is RM 12. It is a reasonable price as these Nano Energy water flask is good for health and can solve the skin problems. However, the office is used as a place for the process of paperwork and storage of documents and equipments. The ordering of our company products and all the documents and accounts will be recorded down and will be kept. All the works in the office work will be done by the clerk and supervise by the manager. 4.8 Critical risks/Contingency Plans CEC Trading Ltd will organize training program to all staff members for professionalism in running the business and also for contingency plans. The training will be on how they going to promote and sell the water flask. Insurance will be bought for business premises. The aim is to recover some assets in case of any accidents such as fires, accidents and thefts as well. Those liability and car accident will be covered by the professional indemnity insurance. The injury to the managing director will be covered by workers compensation. 5.0 FINANCIAL PROJECTIONS 5.1 Basic Assumptions and Information (a) Calculation of income and expenses Expenses are calculated based on research and managements knowledge of costs. Income or sales revenue is assumed to be paid within the month issued. The impact of inflation or increases costs is not taking into consideration. Depreciation of equipments purchased and vehicle purchased in June 2010 is calculated using straight-line method, at 10% per annum. Gross cost of goods is RM 168,000. Drawing is RM 200 per month. The projection is for one year and the figures are in Ringgit Malaysia. (b) Financing of the business An investment of RM 28,000 will be invested into the business according to our shareholdings Vivian Ngu Yen Shya RM 8,000, Wong Soon Siong RM 5,000, Wong Wen Yi RM 5,000, Faiznur Dilan binti David Ismadi RM 5,000 and Damilola RM 5,000. Sales income for June is based on early promotions, thus providing initial cash surplus and avoid the need for any short term debt financing. The operation financing strategy is showing a cash surplus in the bank accounts with total amounts of RM 70,700. The business will open a cheque account that provides electronic funds transfer facilities for customers. A minimum of two shareholder directors is needed to sign all the cheques for security reasons. (c) Distribution of profits Profits in the first year will be retained in the business. In future years, three quarters of the annual net profit after tax will be paid to the directors at the end of the financial year according to their shareholding and the remaining quarter will be kept as retained earnings. The Sales Mix Forecast, Cash Flow Forecast and The Trading Profit and Loss Statement is prepared according to generally acceptable accounting principles and conventions. (d) Goods and services tax All forecasts are net of tax. (e) Loans The firm has no current loans or debts. 5.2 Analysis of Financial Forecasts (a) Net profit margin is used to measure the companys ability to earn a net income from sales. The net profit margin is calculated based on the first year of the projections. Net profit margin % = = = 22.18% Since this trading company is running the business for the first year, it is normal to get a relatively low figures of the margin. The margin is expected to increase in the next few years. Other than that, the company can use other ratios to do analysis on the financial statements in the coming years. (b) Break-even point Contribution margin is used to determine the amount of profit that is made towards payment of the fixed cost. Considered that cost of goods sold is the variable cost, the contribution margin is equal to sales minus variable costs. Gross profit margin = = = 57.14% The fixed cost is projected to be RM 102,800. Break-even point in value = == RM 180, 350.88 Accounting 062 May 28, 2010 5.2.1 Sales mix forecast CEC SALES MIX FORECAST for the period June 2010 to May 2011 June July August Sept. Oct. Nov. Dec. Jan. Feb. March April May TOTAL Item: Water Flask Number sold 450 700 800 800 800 600 700 1,000 1,100 1,150 1,150 1,250 RM 10,500 Selling price per unit RM 28 RM 28 RM 28 RM 28 RM 28 RM 28 RM 28 RM 28 RM 28 RM 28 RM 28 RM 28 Total sales income 12,600 19,600 22,400 22,400 22,400 16,800 19,600 28,000 30,800 32,200 32,200 35,000 RM 294,000 Cost of goods sold per unit RM 12 RM 12 RM 12 RM 12 RM 12 RM 12 RM 12 RM 12 RM 12 RM 12 RM 12 RM 12 Total cost of goods sold 5,400 8,400 9,600 9,600 9,600 7,200 8,400 12,000 13,200 13,800 13,800 15,000 RM 126,000 5.2.2 Cash flow forecast CEC CASH FLOW FORECAST for the period July 2010 to June 2011 June July August Sept. Oct. Nov. Dec. Jan. Feb. March April May TOTAL Income Sales revenue RM 12,600 RM 19,600 RM 22,400 RM 22,400 RM 22,400 RM 16,800 RM 19,600 RM 28,000 RM 30,800 RM 32,200 RM 32,200 RM 35,000 RM 294,000 Capital 28,000 28,000 Total income 40,600 19,600 22,400 22,400 22,400 16,800 19,600 28,000 30,800 32,200 32,200 35,000 RM322,000 Expenses Cost of goods sold 5,400 8,400 9,600 9,600 9,600 7,200 8,400 12,000 13,200 13,800 13,800 15,000 126,000 Accounting/ legal services 1,000 400 1,400 Advertising 1,000 50 50 50 50 50 50 300 50 50 50 50 1,800 Bank fees 15 15 15 15 15 15 15 15 15 15 15 15 180 Equipment purchases 2,000 2,000 Insurance 2,400 2,400 Motor vehicle 12,000 12,000 Motor vehicle fuel 500 500 500 500 500 500 500 500 500 500 500 500 6,000 Petty cash 50 50 50 50 50 50 50 50 50 50 50 50 600 Postage, printing stationery 200 200 200 200 200 200 200 200 200 200 200 200 2,400 Rent 2400 2400 2400 2400 2400 2400 2400 2400 2400 2400 2400 2400 28,800 Water and electricity 150 150 150 150 150 150 150 150 150 150 150 150 1,800 Repairs and maintenance 2,000 700 700 3,400 Staff wages 4,900 4,900 4,900 4,900 4,900 4,900 4,900 4,900 4,900 4,900 4,900 4,900 58,800 Telephone 110 110 110 110 110 110 110 110 110 110 110 110 1,320 Other 200 200 200 200 200 200 200 200 200 200 200 200 2,400 Total expenses 34,325 16,975 18,175 18,175 18,875 15,775 16,975 21,225 21,775 22,375 23,075 23,575 251,300 Cash surplus/(deficit) 6,275 2,625 4,225 4,225 3,525 1,025 2,625 6,775 9,025 9,825 9,125 11,425 70,700 Bank balance Start of month 0 6,275 8,900 13,125 17,350 20,875 21,900 24,525 31,300 40,325 50,150 59,275 End of month 6,275 8,900 13,125 17,350 20,875 21,900 24,525 31,300 40,325 50,150 59,275 70,700 Page 27 Accounting 062 May 28, 2010 5.2.3 Projected profit and loss statement CEC PROJECTED TRADING PROFIT AND LOSS STATEMENT for the period June 2010 to May 2011 Revenues Sales revenue RM 294,000 Less: Cost of goods sold 126,000 Gross profit RM 168,000 Expenses Accounting/legal services 1,400 Advertising 1,800 Bank fees 180 Insurance 2,400 Motor vehicle fuel 6,000 Postage, printing stationery 2,400 Rent 10,800 Water and electricity 1,800 Repairs and maintenance 3,400 Staff wages 58,800 Telephone 1,320 Other 2,400 Depreciation of equipments 500 Depreciation of motor vehicle 1,200 Total expenses RM 102,800 Net profit RM 65,200 Accounting 062 May 28, 2010 Report on Minutes Minutes of Meeting of CEC Trading Ltd held on 7th April 2010 at 1330 hours. Present: Vivian Ngu Yen Shya Faiznur Dilan Wong Wen Yi Wong Soon Siong Damilola. Absent: None Secretary: Faiznur Dilan Location : Library 1. It is resolved that Vivian Ngu be appointed team leader. 2. It is decided that our business should be a trading business. 3. The name of our business should be CEC, which stands for convenience, easy and collectable. 4. The product that we had agreed on is Nano Energy water flask. The next meeting is decided to be held on 14th April 2010. Minutes of second meeting of CEC Trading Ltd held on 14th April 2010 at 1415 hours. Present: Vivian Ngu as chairman Faiznur Dilan as secretary Wong Wen Yi as committee Wong Soon Siong as committee Damilola as committee Absent: None. Secretary: Faiznur Dilan Location : Library The discussion during the meeting: Tasks Done by 1. Dividing on the tasks to play by every members Vivian Ngu , Faiznur Dilan, Wong Wen Yi, Wong Soon Siong, Damilola 2. Design logo of CEC Company. Wong Soon Siong 3. Deciding the cost of the water flask and the expenses. Vivian Ngu, Wong Wen Yi 4. Deciding the special features about the water flask. Damilola, Faiznur Dilan The next meeting will be held on 21st April 2010. Signed by:___________________ Minutes of Meeting of CEC Trading Ltd held on 21st April 2010 at 1200 hours. Present: Vivian Ngu as chairman Faiznur Dilan as secretary Wong Wen Yi as committee Damilola as committee Wong Soon Siong as committee Absent: None. Secretary: Faiznur Dilan Location: Library The discussion during the meeting: Tasks Done by 1. Business and marketing plan Damilola, Faiznur Dilan 2. Operation Wong Wen Yi, Wong Soon Siong 3. Sales and promotion Damilola,Vivian Ngu 4. Financial projection Vivian Ngu The next meeting is decided to be held on 5th May 2010. Signed by:___________________ Minutes of Meeting of CEC Trading Ltd held on 5th May 2010 at 1400 hours. Present: Vivian Ngu as chairman Faiznur Dilan as secretary Wong Wen Yi as committee Damilola as committee Wong Soon Siong as committee Absent: None. Secretary: Faiznur Dilan The discussion during the meeting: 1. Combined and finalized every section that had been divided to each member. 2. Edit some of the information in several sections and some additional information is added. 3. Discuss about which part should be focused on, in the presentation slides. 4. Preparing the slides by every member. Reference Lists

Conflict Resolution Essay - 942 Words

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Installing Perl Modules From CPAN

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Influence Of A Caregiver s Personality And Resiliency On...

The Influence of a Caregiver’s Personality and Resiliency on Their Likelihood of Developing Secondary PTSD Amanda Nuckoles Middle Tennessee State University 2014 The Influence of a Caregiver’s Personality and Resiliency on Their Likelihood of Developing Secondary PTSD Post-Traumatic Stress Disorder (PTSD) has been studied extensively. The majority of the population has experienced an event that was traumatic enough to potentially cause Post-Traumatic Stress Disorder with it also being common for most people to experience more than one event with the potential to induce Post-Traumatic Stress Disorder (Kilpatrick, Resnick, Milanak, Miller, Keyes, Friedman, 2013). Studies have shown that veterans diagnosed with Post-Traumatic Stress Disorder show an escalation in the anxiety levels that is much greater than soldiers that have not been diagnosed with PTSD as well as higher than the general fit population (Olatunji, Armstrong, Fan, Zhao, 2014). Further research has been done on Mental Health Professionals which seems to suggest that burnout and being a novice in the field contribute to the stressors just as much as the idea of Secondary Post-Traumatic Stress Disorder which is also referred to as Vicarious Trauma and Secondary Traumatic Stress (De villy, Wright, Varker, 2009). Veterans with Post-Traumatic Stress often become very reliant on their significant other. Studies have even shown that veterans are requesting more and more for their

Master At Greenville Technical College - 947 Words

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Embryonic Stem Cell Research And The American Society

Embryonic Stem Cell Research and the American Society The importance of ethical issues is often understated in public knowledge. Embryonic stem cell research should be of the utmost importance in the American society due to increased federal funding and the promises research in this field hold. As with many other controversies, embryonic stem cell research can be described as a dispute between religion and science due to the destruction of a viable human embryo. Depending on the status an individual grants an embryo will likely determine their stance on the issue. Next, many changes in legality and public acceptance have prompted leaders to increase funding and expand research nationally. Since taxpayers’ dollars are at work, the public should be aware of this prevalent and advancing ethical issue and be informed of its specifics. The public should also be aware of the advancements in healthcare that this research promise. 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Effective Communication and Interpersonal Interaction in Health and Social Care free essay sample

Effective Communication and Interpersonal Interaction in Health and Social Care Of the two theories I considered, the one of greatest relevance to practice was Argyle’s Theory. This theory was most relatable to experience and the logic of it made it understandable in terms of how it was applied in practice. There was nothing irrational about the way this theory worked, it was straightforward and accessible to a reader who wished to take a particular circumstance into consideration and apply the theory to it. In comparison, Tuckman’s theory was relatively vague and did not consider anything to do with how interaction took place outside of a group setting. The Communication Cycle of Argyle’s also made each stage of the process easier to consider and I could also think about how dependent each stage was on the latter or next, in terms of its potential outcome. One thing I did consider a disadvantage of Argyle’s Theory, was the fact that Argyle did not consider the actual context of where the communication took place. For example the way that furniture was arranged in relation to where people communicated with one another. It was quite mechanistic and structured whereas human communication often is not. Argyle has expressed that eye contact is vital and facial expressions are the key to communication, however he makes little mention of how this can be achieved in relation to the cycle and how environment and context influence the way in which people are able to communicate. If people are unable to define facial expressions because of shadows and lighting in a room then what they are trying to express is lost. If there is a need to be able to make eye contact and define facial features then the need should be there to be in the right setting in order to be able to distinguish between the non-verbal communication they are making and the potential for misinterpretation in what they are conveying needs to be acknowledged. One example of how Argyle’s Theory is observable in practice is in the hospital setting, for example on an orthopaedic ward. The communication would start when an idea occurs; the orthopaedic patient is bored, he thinks it a good idea to buy a crossword. The patient would then secondly code the message. This would be the patient putting their wish to buy a crossword puzzle book into whatever medium they chose wish to communicate with. This might be in the form of a text message to their family, words to the nurse on the orthopaedic nurse or in through sign language. Thirdly the Patient would send the message; by this point the patient has conveyed the message through communication that they would really like a crossword puzzle book. Next would be the message being received, This is where the family of the person they are planning to visit in the afternoon receives the text message, or the nurse on the ward hears that the patient would like to make a request for something. The message would have been decoded at this point. This is when the relatives or the orthopaedic nurse must now decode what is being asked of them. This example is relatively straightforward but it should also be remembered that if someone has difficulties in communicating what they want then the message might be lost in translation along the way. For example if the person with the broken leg has had a stroke and their speech has been affected then what they want and what they are actually able to ask for might be two very different things. If the message is decoded wrongly by the patient’s carer who wants the crossword puzzle book then he might not actually get what he wants. Finally the message would be understood; if decoding has occurred correctly then the message about what the orthopaedic patient wants will have been understood and the cycle can begin again. Tuckman’s theory can also be applied to practice. For example; four health care practitioners; an occupational therapist, a mental health nurse, a ward nurse and a consultant are being asked to form as a group, without first knowing one other. In order to establish a dynamic between each other they need to share some lived experience together where they can begin to communicate and get to know one another. The first stage of communication here could be termed ‘Forming’, which would be used to help in bonding members of the group and help the individual members be more open to speaking. The second stage would be ‘Storming’, where ideas of individual members of the group might conflict with one another and where individual viewpoints could cause them to oppose one another and potentially compete for leadership. The third stage of communication would be ‘Norming’. In this stage, aggression will fade and the group will potentially reach consensus about care packages, discharge decisions and other important issues. The fourth stage would be the formation of the ultimate performing group where all members interact together without conflict. By this stage they will get along together both personally and professionally and even if there is a difference in opinion between group members this can be resolved in an appropriate manner and nobody takes insults personally, they are just seen as a process in professional decision making. The final stage of group communication would be ‘adjourning’. This is when all group members have essentially completed their role and with it being regarded as complete, they all go their separate ways as they feel they have contributed sufficient to their initial task in the group. Argyle’s theory of communication might not be able to be applied in situations where there are might be language barriers, or there could be a situation in which one of the communicators might have a cognitive difficulty which results in their learning difficulty impacting on the communication process. Also the importance of eye contact and facial expressions might not be able to be applied if the is a blind or partially sighted person involved in the process of communication. Deaf or hearing impaired people may also struggle to apply the communication cycle to their everyday life because not everybody knows how to sign or use makaton as an alternative method of communication. In instances where people lip read, it may be an issue of whether hearing people who overlook this problem do not make their face readily accessible for interpretation by the deaf or hearing impaired person. Despite changes in the way that we communicate with others, Argyle’s communication cycle is still relevant. It explains relevantly and clearly how we function as we listen and communicate information to others. Even in light of all the technological advances that have happened since Argyle’s Theory was first established, Argyle’s Theory is still very relevant. His theory would be relevant in many situations such as; Job interviews – when you are engaging professionally with someone and attempting to convey information and communicate to someone how capable and well you could be if appointed to a role. When speaking to friends and family during conversation over Sunday lunch at the dinner table. You would use individual communication to tell a waiter/waitress what you would like to order in a restaurant or over the counter at a cafe. Argyles theory is also flawed in its ability to explain how successful e-mails, social networking and text messages can be. Many people across the world use social networking and texting to stay in touch with people, a lot of the work environment involves organising things by e-mail and doing the paperwork instead of having a fully-fledged conversation due to the busy hectic life of work, this now means more can be done in the space of time one spends at work. This begs the question; ‘how does e-mailing and texting/social networking create an effective one-to-one communication? Tuckman’s group theory may not be applicable to certain situations. For instance; Cassidy (2007, 416) said that Tuckman’s â€Å"storming† stage might not be a very applicable stage for practitioners outside of therapeutic groups. Tuckman’s theory could be still relevant but it depends on the context. It is definitely still relevant in work situations and meetings where the need to be professional still exists, however in modern life where informality is often the norm in social settings, it is not such a big deal any more. People tend to use more technologically advanced materials now than they did in Tuckman’s era and Tuckman’s Theory is not hugely detailed in structure, although this can be regarded as an advantage in comparison to other more complex models of communication offered by other theorists if communication. For instance; ‘The Tubbs Model of Small Group Interaction’ is more detailed and includes more about what would happen within the group formation. However there are fewer stages than Tuckman’s theory. Tubbs’ theory includes things to do with background factors, internal influences and what would happen consequentially. This model has a lot more detail than Tuckman’s theory does and it makes it easier to understand the process of the formation of a new group. Tuckman’s theory compared to Tubbs’ does not seem as useful in this light because it appears that Tubbs’ theory would be more applicable to situations because of the way he has expanded and added extra explanations that have been considered. (Tubbs 1978, 1998, 41) The only thing that Tuckman’s theory has left to explain is the fact that one would need to explore the sturdiness of the categories. There is some overlap between the stages in Tuckman’s model of communication and the differentiation is not very precise. An example of this would be; ‘when group conflict is waning†¦ feelings of cohesion may be increasing, but these time-dependent changes do not occur in a discontinuous, step like sequence’ (Forsyth 1990: 89). However, the acceptance of the model isn’t simply a matter of some memorable headings. A lot of theorists and commentators have used the categories (often re-titled) with only slight alteration.

Comparison of the project management methodologies †Free Samples

Question: Discuss about the Comparison of the project management methodologies. Answer: Project Methodology Project methodology is used for defining the different phase and processes associated with a project from is initiation to completion. Leau et al. (2012), defined project methodology as a strategic level plan that is used for controlling and managing a project. On the other hand, pundak, (2014), defined project management as a standard that defines the different process procedure and techniques of project management. It is basically a plan for implementation of a project or a product. According to Schwalbe, (2015), a project methodology deals with proper application of knowledge and project management techniques so that the project can be implemented according to the plan and can be delivered successfully. Furthermore, a proper project methodology should be flexible enough to implement all the identified requirements in a project. The project management methodology can be traditional such as waterfall or agile such as XPM and SCRUM. Project Methodology has a significant role in project management as it defines different project process, which in turn helps the project managers in managing and controlling different projects. Adoption of proper project methodology ensures faster completion of a project by ensuring proper project control and eliminating the different risks associated with a project (Kerzner Kerzner, 2017). PMBOK VS PRINCE2 Project Management Body of Knowledge (PMBOK) is a global standard that provides guidelines for understanding the different characteristics of a project. PMBOK is very helpful for understanding the nitty gritty techniques of project management and successful implementation of a project methodology for ensuring project success. There are 10 knowledge areas associated with PMBOK. Figure 1: Representing the different knowledge areas of PMBOK (Source: Source: Matos Lopes, 2013) Proper understanding of these knowledge areas is essential for successful project implementation. Apart from this, PMBOK is associated with five process groups such as, initiating, planning, executing, controlling and closing. Figure 2: Representing the five processes of PMBOK (Source: Matos Lopes, 2013) PRINCE2 on the other hand is a project management methodology that deals with implementation of a project in a controlled environment. It is a widely used project management methodology and is accepted worldwide. Even complex projects can be implemented with the help of PRINCE2 methodology as it controls the project execution according to the project plan. The project can be implemented in a controlled environment as the PRINCE2 methodology divides the entire project into small manageable groups. The similarities and differences between PMBOK and PRINCE2 are discussed in the following section. Similarities between PRINCE2 and PMBOK The similarities between PRINCE2 and PMBOK are as follows (Karaman Kurt, 2015)- PMBOK is a project management standard that ensures application of various project management skills in successful implementation of a project. Similarly PRINCE2 methodology deals with implementation of a project in a controlled environment. Therefore, it can be said that both PMBOM and PRINCE2 are processes of ensuring project success. The key knowledge areas associated with PMBOK helps in understanding and identifying the different problems and challenges a project might face while implementation. Therefore, PMBOK helps in proper risk management as well. PRINCE2 methodology guarantees implementation of a particular project in a controlled environment, thus mitigating the different risks associated with a project. Both PMBOK and PRINCE2 can be applied to any type of project associated with any industry. This is possible as these two methods are widely recognized and understood. Both PMBOK and PRINCE2 ensure that effective communication tools are present in the working environment of a project. Presence of an active communication channel ensures proper information flow during the project execution. This is a significant need for successful project implementation as proper information flow and effective communication ensure that the project is being implemented according to the plan. Dissimilarities between PRINCE2 and PMBOK The differences between PRINCE2 and PMBOK are as follows- PRINCE2 is a project management methodology while PMBOK is a standard area of knowledge that gives a clear idea of the different processes and techniques of project management (Tomanek Juricek, 2015). PRINCE2 enables implementation of a project in a controlled environment quite contrast to PMBOK where a project cannot be controlled while its execution. PMBOK is comparatively complex to understand and implement, while PRINCE2 is easier to understand and implement and is therefore adopted for a number of projects worldwide. There are 10 knowledge areas in PMBOK while there are seven processes in PRINCE2 PRINCE2 on PLC PLC or project management life cycle gives an overview of a project from its initiation phase to completion. A project is broadly classified into four major phases in a project life cycle. The phases are initiation, planning, execution and closure. PRINCE2 methodology divides the entire project into seven major processes which are project starting, project initiation, project direction, project control, managing project delivery, managing the stage boundaries and closing the project. Project life cycle in PRINCE2 deals with successful implementation of all these stages in a controlled environment. Proper project supervision is ensured while implementing the project which is one of the major advantages of PRINCE2 approach. PRINCE2 methodology therefore relates completely to the project life cycle in initiation, planning, managing, executing and controlling a project. In PRINCE2 methodology, the project manager takes the responsibility of organizing and closing a project (Saad et al., 2014). The project manager takes necessary decisions related to a project in PRINCE2 project methodology. Therefore, it can be concluded that PRINCE2 is a methodology that can be easily implemented in order to ensure project success. References Karaman, E., Kurt, M. (2015). Comparison of project management methodologies: prince 2 versus PMBOK for it projects.Int. Journal of Applied Sciences and Engineering Research,4(5), 657-664. Kerzner, H., Kerzner, H. R. (2017).Project management: a systems approach to planning, scheduling, and controlling. John Wiley Sons. Leau, Y. B., Loo, W. K., Tham, W. Y., Tan, S. F. (2012). Software development life cycle AGILE vs traditional approaches. InInternational Conference on Information and Network Technology(Vol. 37, No. 1, pp. 162-167). Matos, S., Lopes, E. (2013). Prince2 or PMBOKa question of choice.Procedia Technology,9, 787-794. Saad, S., Ibrahim, A., Asma, O., Khan, M. S., Akhter, J. (2014). PRINCE2 MEthodology: AN INNovAtIvE WAy foR IMPRovINg PERfoRMANCE of MAlAysIAN AutoMotIvE INdustRy.The Journal of Technology Management and Technopreneurship (JTMT),1(1). Schwalbe, K. (2015).Information technology project management. Cengage Learning. pundak, M. (2014). Mixed agile/traditional project management methodologyreality or illusion?.Procedia-Social and Behavioral Sciences,119, 939-948. Tomanek, M., Juricek, J. (2015). Project risk management model based on PRINCE2 and SCRUM frameworks.arXiv preprint arXiv:1502.03595.

Using Leadership Styles Questionnaire Essay Samples

Using Leadership Styles Questionnaire Essay SamplesYou can find a wide range of essay samples for leadership styles on the internet. Some are formatted correctly and others are not. So how do you decide which style you should use?The first question to ask yourself is whether the essay samples that you are considering are formatted correctly. If they are not, you may need to read them a few times before you decide to proceed. Do not continue if you are not satisfied with the spelling, grammar or punctuation errors.Use the leadership styles questionnaire that you are given to determine if the style you are considering is correct. If you find it is a good fit for your student, then you will want to move on to the next sample. Even if the sample is not your favorite, you can still consider it, as long as it fits with the structure of your curriculum.Most leadership styles essay samples include all of the skills that you will need to construct the essay. This makes them easier to read and provides continuity throughout the project. If an essay is written without all of the information at hand, the student is less likely to become frustrated with the task. This may result in a student who learns the information as they read it.Many leadership styles essay samples have well established formats that are consistent throughout the work. You should be able to identify the format from the main title and outline. A cursory examination will reveal this information.Some samples for the essay are set up so that the student has to answer multiple choice questions. This allows you to customize the format and allows for a more personal contact with the student. The student feels as though they are being coached, and they are more likely to remember the information.Writing about management styles can take a lot of time and effort. A good exercise is to read the essay samples and read the responses. Look at each one and think about what skills the students are using to solve the pr oblems.Leadership styles essay samples can be a great help to students. When you use them, you can ask the students to brainstorm about each topic in the essay. Then you can find the best way to present the information and to structure the essay to make it more effective.

Financial Accounting Theory

Entities that are accountable to the public are required to prepare the general purpose financial statements as demanded by IFRS. For an entity especially a small and medium enterprises to be publicly accountable, two conditions must be satisfied. The first condition requires that the company’s equity or debt instruments must be traded public in the stock exchange whether over the counter or foreign stock exchange (Deegan 2010).Advertising We will write a custom report sample on Financial Accounting Theory specifically for you for only $16.05 $11/page Learn More An entity that is also in the process of trading its equity or debt in a public exchange is also required to make full disclosure by adhering to the IFRS. The second condition relates to entities that are in possession of assets in fiduciary to a large number of individuals or groups e.g. insurance companies, banks and even stock brokerage firms (Deegan 2010). Seimagaz Pty Ltd is thus not an entity that must conform to the full disclosure requirements because the stocks are not traded in the stock market neither does it hold assets in fiduciary to a large group of individuals. This comes at a time that reforms have been introduced by the AASB. General purpose financial statements are described as statements that have been prepared by the application of the accounting standards and are available for the public to view or are prepared in consideration to the legal requirement for disclosure (Deegan 2010). GPFSs must be intended to satisfy the requirements of the diverse users of the statements as it may be difficult to prepare different statements for all envisaged users. Entities that make such financial reports are thus mandated to avail their financial reports for public scrutiny or for the interested parties to view. Special purpose financial statements are those prepared without adhering to full IFRS or adopts the RDR as accepted by the differential reporting stan dards (Deegan 2010). According to the AASB, privatively owned profit entities that do not require full disclosure of their information and the not for profit organization need not to use the full IFRS. This therefore led to the suggestion of introducing the reduced disclosure requirements for such entities. It must however be noted that the use of reduced disclosure requirement does not mean there should be a conflict with the IFRS in matters like revenue recognition and use of the accounting principles. A reporting entity is one in which it is reasonable to expect users who will depend on the GPFSs in making their investment decisions (Deegan 2010). Seimagaz pty Ltd is thus a reporting entity as there are reasonable grounds to expect users who will depend on their GPFSs. Before the reforms, there existed the differential reporting where different entities prepared their financial statements in varying ways. Some entities were required to conform to all the accounting standards whil e others were expected to use only some and not all of the standards. Moreover small companies were not needed to apply, the standards at all. These variations depended on the size of the entity, form of business or even the companies’ legal requirements.Advertising Looking for report on accounting? Let's see if we can help you! Get your first paper with 15% OFF Learn More The concern of the owners of Seimagaz Pty Ltd is based on reduced disclosure reforms proposed by AASB. The use of the reduced disclosure requirement by these organizations was not to be mandatory in preparation of the general purpose financial statements in Australia. This requirement provided a realistic manner of reducing the burden in preparation caused by adherence to full application of IFRS. The disclosures would also be based on the IFRS for SMEs to determine the suitability of the standards. IFRS for SMEs is closely related to the reduced disclosure requirements. However, while SMEs th at prepare GPFSs are accountable to the public and may prepare their statements by the application of the IFRS for SMEs, SMEs that are not publicly accountable will prepare their financial statements according to the RDR (Deegan 2010). It must further be realized that both the IFRS for SMEs and the RDR were all aimed at reducing the burden of complying with the full IFRS by these entities. The trade off that was of importance to the AASB was that of cost and fairness concept. The reduced use of the IFRS was intended to reduce the unnecessary reporting to the users and to improve their understanding of the statements and not to impair the reliance and truthfulness of such reports (Deegan 2010). Reduced disclosure requirement is a second tier requirement option that was proposed upon review of the full disclosure by entities that prepared GPFSs and were accountable to the public (Deegan 2010). The reduced disclosure requirement was meant for non profit organizations and for profit ent ities that did not need to be publicly accountable. Due to the application of the reduced disclosure requirement, entities were able to substantially reduce the cost of preparing their financial statements. This was because of the reduction in the quantities of disclosure which was a portion of the full disclosure requirements. Entities were also able to draw their reporting from a pool of knowledge. The audit and assurance cost reduced significantly as it depends on the bulkiness of the statements (Deegan 2010). Moreover, cost of preparation and that of audit and assurance are said to be correlated. Management of Seimagaz Ptsy Ltd should thus move on with their plans as cost and burden of preparation would be realized. The other positive effect of the use of the reduced disclosure requirements by the SMEs was the limited cost of transition. Since there were no variations in the measurement and recognition of transactions, entities did not have to incur additional/ other cost in rec onstructing their financial statements (Deegan 2010). Benefit also resulted from the additional information that would accrue to entities because both tier I requirements and RDR would be availed in one pronouncement. To the users, RDR has made understanding and analysis of information easier.Advertising We will write a custom report sample on Financial Accounting Theory specifically for you for only $16.05 $11/page Learn More This is attributed to the fact that only pertinent and material information needed for decision making is given. The analysts are also able to make a quick comparison and contrast on information for various periods. Another benefit that accrues to the users is the unchanged comparability. The principles’ of recognition and measurements that are used in the full disclosure requirement is maintained if the RDR is used (Deegan 2010). There will be thus no needed knowledge or skills in comprehending the GPFSs. There is as well no impact of RDR on the accounting profession. This is because no resources will be required in training the accountants and auditors on the new disclosures since the recognition and measurements are made constant. True and fair value concept has become a major worry to the accountants and auditors with regard to the reduced disclosure requirement (Deegan 2010). This concept has no exact definition and is normally left to the subjectivity of the particular auditor. Financial statements are said to reflect a true and fair view if their preparation is compliant to the generally accepted accounting standards. In the GPFSs prepared with regard to reduced disclosure requirements, full IFRS is not applied therefore posing the threat to this concept (Deegan 2010). In addition, the users of financial statements of these non public accountable entities also demand a true picture of the financial statements. It is on the above background that AASB requires that the RDR must not by any means i mpair the concept of true and fair view of the financial statements. According to these standards, true and fair view is considered to be complied with when the statements are in conformity to the relevant legislation while the reduced disclosures are made to limit the complexities. Others have also argued that with the reduced disclosure requirements, non professionals are able to get only material information thereby encouraging the true and fair view concept satisfied (Deegan 2010). Seimagaz Pty Ltd must therefore ensure that the transition from the full disclosure to RDR is not aimed at breaching these requirements. In as much as the company has few shareholders and a small proportion of debt finance, the potential investors, customers, and the government agencies will still require a true and fair view statements (Deegan 2010). This has therefore resulted in the return of the true and fair view override. In conclusion, the views of the owners of Seimagaz Pty Ltd are appropriate and timely with the adoption of the reforms that are proposed with AASB. The adoption of the reduced disclosure requirement will enable the company significantly reduce the cost of preparation and auditing while at the same time making easy the understanding of the financial statements to the users.Advertising Looking for report on accounting? Let's see if we can help you! Get your first paper with 15% OFF Learn More Mae Tan’s proposal and new knowledge has thus made the company realize new reforms that would improve the financial reporting to the stakeholder. The accountant should as well continue monitoring closely the changes in the reforms and new AASB proposal that are likely to make simpler the preparation of the financial statements. Reference Deegan, C 2010, Australian financial accounting, 6th edn, McGraw Hill This report on Financial Accounting Theory was written and submitted by user Wesley S. to help you with your own studies. You are free to use it for research and reference purposes in order to write your own paper; however, you must cite it accordingly. You can donate your paper here.