Wednesday, May 6, 2020
Master At Greenville Technical College - 947 Words
Young 1 When I finish my associates in Arts at Greenville Technical College, I plan to transfer to get my Bachelors (B.A.) in Early Childhood Education from University of South Carolina- Columbia. I chose this career because I love children with a passion and every job Iââ¬â¢ve had has been with children involved. Being in the presence of children makes me happy. I also chose this career because I know that when I wake up in the morning I will not dread going to work every day, I will gladly get up an strive to make a difference in their lives. I want to be an impact on as many of their lives as I can by being a part of their life and teaching them. I want to be someone they look up to, someone ââ¬Å"who inspires and encourages us [them] to strive for greatness, live to our [their] full potential and see the best in [them]â⬠(Teach). To become a teacher takes a lot of hard work and motivation. Education itself has come a long way. In the earlier times, certain races and genders were not able to learn, blacks and whites were not able to sit in the same classrooms, or use the same things, and many people just couldnââ¬â¢t get along. Today, every gender and race is entitled to make something of themselves and get an education, we all have the right to learn. We are able to get along with one another, use the same things and be in the same classrooms as the other. Today, we are able to help one another and encourage each other to do great things. Education has come a long way from what itShow MoreRelatedRobotics in Surgery5226 Words à |à 21 PagesInstruments * Surgical Arm Cart Fig. 4 Surgeon Console Surgeon Console: The surgeon is situated at this console several feet away from the patient operating table. The surgeon has his head tilted forward and his hands inside the systemââ¬â¢s master interface. The surgeon sits viewing a magnified three- dimensional image of the surgical field with a real-time progression of the instruments as he operates. The instrument controls enable the surgeon to move within a one cubic foot area of Fig.Read MoreStrategy Management18281 Words à |à 74 Pagesââ¬âFrank T. Rothaermel rot12737_fm_i-xlvi.indd v 17/11/11 7:37 PM Confirming Pages ABOUT THE AUTHOR FRANK T. ROTHAERMEL Georgia Institute of Technology Frank T. Rothaermel (PhD) is the Angel and Stephen M. Deedy Professor in the College of Management at the Georgia Institute of Technology. He is an Alfred P. Sloan Industry Studies Fellow, and also holds a National Science Foundation (NSF) CAREER award, which ââ¬Å"is a Foundation-wide activity that offers the National Science Foundationââ¬â¢sRead MoreIntroduction to Materials Management169665 Words à |à 679 PagesLibrary of Girro From the Library of Girro@qq.com Introduction to Materials Management SIXTH EDITION From the Library of Girro J. R. Tony Arnold, P.E., CFPIM, CIRM Fleming College, Emeritus Stephen N. Chapman, Ph.D., CFPIM North Carolina State University Lloyd M. Clive, P.E., CFPIM Fleming College Upper Saddle River, New Jersey Columbus, Ohio From the Library of Girro@qq.com From the Library of Girro Editor in Chief: Vernon R. Anthony Acquisitions Editor: Eric KrassowRead MoreMarketing Mistakes and Successes175322 Words à |à 702 PagesH. Furuhashi, Notre Dame; W. Jack Duncan, University of AlabamaBirmingham; Mike Farley, Del Mar College; Joseph W. Leonard, Miami University (OH); Abbas Nadim, University of New Haven; William Oââ¬â¢Donnell, University of Phoenix; Howard Smith, University of New Mexico; James Wolter, University of Michigan, Flint; Vernon R. Stauble, California State Polytechnic University; Donna Giertz, Parkland College; Don Hantula, St. Josephââ¬â¢s University; Milton Alexander, Auburn University; James F. Cashman,Read MoreCase Studies67624 Words à |à 271 Pagesacquisitions was Coast Metals, a family-owned producer of speciality metals. When the acquisition fell through, Nuclear hired one of Coastââ¬â¢s top engineers as a consultant to recommend other acquisition targets. The engineer ââ¬â Ken Iverson ââ¬â had strong technical skills (including a graduate degree in metallurgy from Purdue University) and general management experience. Based on Iversonââ¬â¢s recommendation, Nuclear acquired a steel joist company in South Carolina. Subsequently, Iverson joined Nuclear as a vice
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 taxpayersââ¬â¢ 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. Due to the changes in funding and legality, many disco veries have been made, pushing this science further. Many scientists believe embryonic stem cell research holds the key to curing many bodily injuries and deadly diseases such as spinal cord and brain injuries, Alzheimerââ¬â¢s, and Parkinsonââ¬â¢s. Also, many scientists conceive that, in the future, it will be possible to ââ¬Å"growâ⬠human organs from an individualââ¬â¢s stem cells for transplantation. The latter are only a few of the plethora of anticipated and promised treatments research in this field holds. Lastly,Show MoreRelatedThe Debate Over Embryonic Stem Cell Research1690 Words à |à 7 Pagesof a utopian society has been far from reality until the research from embryonic stem cell therapy surfaced. Since former president George W. Bush banned federal funding on embryonic stem cell research in 2001 it has caused a halt in advancements and caused controversy in the public. According to an article by Beau Watts, an accredited physician; embryonic stem cells are pluripotent cells (Beau Watts). This means they have not decided what function they perform yet. Since the cells do not know theRead MoreEssay about Embryonic Stem Cell Research1357 Words à |à 6 PagesHuman Embryonic Stem Cell Research Embryonic stem cell research is a highly controversial topic in todays society, this kind of stem cell commits to regenerate any type of tissue. Unfortunately, Embryonic Stem Cell Research has a dark side. To obtain these cells will kill the embryo automatically. In other words, the acquirement of the Human Embryonic Stem Cell includes performing an abortion. To obtain these cells, it would kill the embryo. This has created controversy since abortion is suchRead MoreThe Debate Over Embryonic Stem Cells851 Words à |à 4 Pagesââ¬Å"Over 100 million Americans suffer from diseases that eventually may be treated more effectively or even cured with embryonic stem cell therapy. Some researchers regard this as the greatest potential for the alleviation of human suffering since the advent of antibioticsâ⬠(White). However, not everybody agrees with this. While embryonic stem cells offer much hope for medical advancement because of their ability to grow into almost any kind of cell, the moral debate of the destruction of an embryoRead MoreEssay about The Heated Debate Concerning Stem Cell Research628 Words à |à 3 PagesInside an embryo there are dozens of stem cells. They are basically empty shells, but the special thing about them is that they are pluripotent, meaning that they can develop in to any cell or organ in human body. That makes stem cell research a gigantic part of todayââ¬â¢s medical research. With enough research, stem cells can be a big help to the human kind. Their extraordinary abilities could help scientists return memory to Alzheimerââ¬â¢s patients, or grow a manââ¬â¢s limb that had to be amputated due toRead MoreThe Ethics of Stem Cell Research Essay741 Words à |à 3 Pages Embryonic stem cell research can be easily defined. A stem is defined as something that is developed from. A cell is defined as a microscopic living organism. According to Dennis Hollinger, Embryonic stem cell research uses from the embryos inner cell mass t hat give rise to each of the human bodys many different tissue types(1). In our modern day society, stem cell research has become a controversial topic. Several people strongly oppose the idea of the research, but many are struggling forRead MoreA Research Study On Stem Cell Research1665 Words à |à 7 Pages Stem cells have advanced the way researchers look at curing what were once considered untreatable diseases. Modern technology has played a key role in the discovering of these stem cells and how they are used in the body. 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Unfortunately, harvesting embryonic stem cells typically results in the destruction of the embryo from which they are harvested, which gives rise to a moral dilemma: is it ethically acceptable to destroy an embryoââ¬â¢s potential to life? Those who are against human embryonic stem cell research will answer you with an emphatic ââ¬Å"noâ⬠;Read MoreA Research On Stem Cells1560 Words à |à 7 PagesRose Hercilla Mr. Hoffman Biology Viewpoint: Political Stem Cells Stem cells are cells that are undifferentiated and can develop into any kind of cell needed in the body. The most common stem cells used for research and referred to are human embryonic stem cells. They are formed in embryos to help establish the body and organs for the fetus. Scientists can now fertilize eggs in a lab, which is a process frequently used for people who have difficulties becoming pregnant naturally, also known as
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 Argyleââ¬â¢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, Tuckmanââ¬â¢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 Argyleââ¬â¢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 Argyleââ¬â¢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 Argyleââ¬â¢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 patientââ¬â¢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. Tuckmanââ¬â¢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 ââ¬ËFormingââ¬â¢, 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 ââ¬ËStormingââ¬â¢, 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 ââ¬ËNormingââ¬â¢. 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 ââ¬Ëadjourningââ¬â¢. 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. Argyleââ¬â¢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, Argyleââ¬â¢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 Argyleââ¬â¢s Theory was first established, Argyleââ¬â¢s Theory is still very relevant. His theory would be relevant in many situations such as; Job interviews ââ¬â 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; ââ¬Ëhow does e-mailing and texting/social networking create an effective one-to-one communication? Tuckmanââ¬â¢s group theory may not be applicable to certain situations. For instance; Cassidy (2007, 416) said that Tuckmanââ¬â¢s ââ¬Å"stormingâ⬠stage might not be a very applicable stage for practitioners outside of therapeutic groups. Tuckmanââ¬â¢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 Tuckmanââ¬â¢s era and Tuckmanââ¬â¢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; ââ¬ËThe Tubbs Model of Small Group Interactionââ¬â¢ is more detailed and includes more about what would happen within the group formation. However there are fewer stages than Tuckmanââ¬â¢s theory. Tubbsââ¬â¢ theory includes things to do with background factors, internal influences and what would happen consequentially. This model has a lot more detail than Tuckmanââ¬â¢s theory does and it makes it easier to understand the process of the formation of a new group. Tuckmanââ¬â¢s theory compared to Tubbsââ¬â¢ does not seem as useful in this light because it appears that Tubbsââ¬â¢ 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 Tuckmanââ¬â¢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 Tuckmanââ¬â¢s model of communication and the differentiation is not very precise. An example of this would be; ââ¬Ëwhen group conflict is waningâ⬠¦ feelings of cohesion may be increasing, but these time-dependent changes do not occur in a discontinuous, step like sequenceââ¬â¢ (Forsyth 1990: 89). However, the acceptance of the model isnââ¬â¢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.
Tuesday, May 5, 2020
Comparison of the project management methodologies â⬠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.
Wednesday, April 15, 2020
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.
Monday, April 13, 2020
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 companyââ¬â¢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 companiesââ¬â¢ 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 principlesââ¬â¢ 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 Tanââ¬â¢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.
Wednesday, March 11, 2020
What Are Good Email Click Through Rates
What Are Good Email Click Through Rates Recently, we shared what we learned through A/B testing our email subject lines over the course of several months. We showed what worked and what didnt, and what kinds of subject lines were the most likely to get opened. A reader then suggested that we provide similar data, but not just on subject lines. What were our readers doing once they opened the email? Were they clicking to articles? We thought this was a great question, and decided to look at the same set of data, but this time focus on what readers did once they opened the email. What Our Email Looks Like Our weekly Content Marketing Update email has no complete posts in it, meaning that if a reader wants to read what weve shared in the the email, they must click on something. We share the post title, a small graphic, and a summary of the post. We have a update or featured item with a gray background, and then below that, links to at least three interesting blog posts for the week. This is what our email looks like. We send it out every week, on Tuesday. Our Email Click-Through Rates Though we didnt A/B test our emails based on the click activity that happens once an email is opened, there are still a few things we can learn about what people do once they open an email. In the table below, we use the same emails from our earlier post. You can see the date of the email, and the subject line of the email. We are only showing the subject line that won the A/B test. Open Rate: The percentage of total recipients that opened the email. Click Rate: The percentage of those who opened and then clicked at least once. Click / Person: How many clicks each person made, on average. Subj. Post: Whether the most-clicked link matched the A/B winning subject line of the post. So, what did we learn?Date Subject Open Rate Click Rate Click / Person Subj. Match JUNE 3 17 Apps To Help You Make Ebooks 21 27 1.87 Y 10 A No-Fail Method For Writing Blog Posts 22 29 1.98 Y 17 The Total Guide To Sharing Content On Social Media 20 22 2.07 N 24 Using Game Theory As A Content Marketing Tactic 19 25 2.19 N JULY 1 The Case For (And Against) Using Link Shorteners 21 25 1.78 Y 8 3 Tricks To Get People To Remember Your Content 20 28 1.94 Y 15 The 1 Big Reason You Should Self-Host Your Blog 20 22 1.88 Y 22 5 Plugins That Get You More Leads 21 31 1.68 Y 29 Why Your Project May Be Doomed Before Its Launched 19 21 1.78 N AUGUST 5 Why Content Marketing Tips Should Not Be Trusted 19 21 1.69 N 12 Know Your Audience? Google Just Made It Even Easier 20 25 2.03 Y 19 90s Nostalgia Can Rock Your Content Marketing 19 23 2.03 NWhat is considered to be a good click rate? Lets look at some standard benchmarks to get a better idea at what email click rates are, based on the industry. MailChimp has compiled the data from their users, breaking it up by industry. According to MailChimp, for marketing and advertising: 18.81% of emails get opened. 2.44% of emails get clicked. According to MailChimp, for software and web app emails: 21.86% of emails get opened. 3.26% of emails get clicked. MailerMailer did a similar study of their own data, and found that marketing and PR emails generally had about a 15% click-to-open rate. Constant Contacts numbers hover around the same level, too. And, according to the 2012 Silverpop Email Marketing Metrics Benchmark Study, email open rates in general average about 20%, while click rates, once that email is open, drop to 5.4%. Our open rates average at 20%, which is in line with these averages, but what about our click rates? Even though the average click rate is at 5.4%, we set the bar a bit higher and consider a 20% click rate of those who open an email to be a good, typical rate. Our average rate, across these three months, was a 25% click rate. Thats pretty good! Ideally, youd love to see more than one click per reader, meaning that they are more engaged with your email content. Our average, across these three months, wasà 1.9 clicks per person. Was the most highly clicked link the same as the post referenced in the winning subject line? Youd think that, since we A/B tested our email subject lines and proved which was the most powerful, the linkà referenced in the subject line would also be the link people clicked on once they opened the email. Not always. As you can see from the chart above, 58% of the time the subject line was the link that received the most activity. Sometimes, though, it was quite close. Once readers opened up the email, they found something else theyd like to read more than what the email subject line advertised the email was about.
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