Profit and loss account and balance sheet Essay

Profit and loss account and commensurateness sheet - Essay ExampleThis means that the financial status of the organization can be cognize by simply looking at these accounts.The users of these final accounts include the owners of business, managers, shareholders, government, creditors and the directors amongst other stakeholders of the business. These are mainly the the great unwashed who are directly affected by the performance of the business, which is a significant factor in indirect request to credit worthiness of a business. On the other hand, government taxation is usually levied depending on the positiveness and size of the organization. These aspects can be known through the final accounts (Dyson 2001 p 45-48). This essay is a critical evaluation of the purpose of the Profit and Loss Account and Balance Sheet to the various users or stake-holders.This is a critical component of an organizations financial report that provides information regarding capital, the long and sh ort term assets as sound as long and short term liabilities. This means that the owners of the business can get information regarding the possessions as well as the debts of the business by simply looking at the equilibrium sheet. It is significant in avoidance of losses in the business operations. It indicates whether assets match with the liabilities hence it is useful in setting up the business strategy. This is mainly because a business will try as much as practic adapted to ensure that the liabilities are checked in order for them not to go beyond a certain(p) level whereby the debts may be more than the assets, a situation that may lead to insolvency of the business, which according to Berman (2008 p 11) is referred to as balance sheet insolvency. The wise use of the balance sheet can help in avoiding bankruptcy. The balance sheet is also significant in the evaluation of expenditures as well as the debts incurred by the business. The total spending by the business in a trad ing period is reflected in accompaniment on the liabilities section. This gives the managers an opportunity to understand the items which significantly reduce the assets of the business. This knowledge is important in helping the managers to amplify strategies for reducing the expenditures especially on the needless items. Expenses can be reduced through the use of loud materials as well as the expenses that the business can do without. Strategies can also be highly-developed to leave the assets that are not very necessary to the organization in order to pay the owe debts. (Weekman 2003 p 45- 51). Most of the time a business will be anticipating income which needs to be introduce in order to ensure that it is not lost before it is acquired. The balance sheet helps in tracking these receivables. It gives a detailed list of these receivables which indicates the payments owed to the business by customers. These payments are usually apparent in the balance sheet, which makes it pos sible for the managers to make a follow up in regard to their clearance. It is also significant in helping the managers to make a critical analysis of the inclination of the receivables and the amounts owing (Dyson 2001 p 56). They are able to identify whether the anticipated income is taking longer than expected and whether there is anything that can be done to make haste

One of the key issues any nation faces is how to structure its trade Essay

One of the key issues any acres faces is how to structure its trade relations with other nations. A. How and why did England st - Essay ExampleDuring mercantile period, increase in exports over imports was considered the means to enhance national wealth in British colonies. Lahaye further intends out that, The water travel Act passed in 1660 limited the trade to be conducted by incline ships and English seamen and this encouraged English ships monopoly over trade at bottom British Empire and highly limited the trade of opposed vessels within English ports. Further revisions of act improved the trade process in England. The revisions of act ensured that the trade shipped from its point of production to England or colonial port prior to its shipping to its foreign destination. At the same time, it overly demanded the foreign goods set for colonies to be stopped in England prior to the distribution. This made England a well know centre for colonial trade. It encouraged the flow o f goods through the country and thereby allowed the taxes to be levied. Further phases of water travel Act grouped products as those to be shipped to ports within British Empire and as those to be shipped to foreign countries. It also imposed regulations on the manufacture and trade of colonial products. British government supported products ilk iron, lumber, and other raw materials needed within Empire. At the same time, the colonial products that competed with products produced at home were discouraged. As a matter of fact, the mercantile system in Britain allowed for colonial monopoly over certain market places such as of tobacco and also provided the way for development of colonial shipbuilding. Free trade, as the name implies allows the discharge driveway of goods, capital, and labor between nations. It provides specialization in manufacturing and export of products in a country overcoming all possible barriers of trade process. Free trade enables smooth conduction of tra de between countries without the influence or discussion of government through quotas or duties (Free trade explained). The scale of production depends on the size of the market if the market of nation is small, it may not encourage the producers to produce variety of products. Free trade combines individual markets with a larger world market proving beneficial to small sized markets. The expansion of the market size improves contention and enables the individual firms to enhance their trade. Free trade provides better economic environment for individual markets with the access to ripe(p) technologies and better resource allocation. The feasibility of the technology helps domestic firms to connect with other individual firms abroad thereby enhancing the productivity of land and labor. This will also help industries in narrowing the range of goods and services. It ensures decrease in the costs of goods while maintaining the efficiency of utilized resources. Some of the factors that make allow trade highly preferable for successful trade include the accessibility of enhanced production factors and free access to global markets. The unhampered access to global markets provides firms with the essential information on trends prevailing in the global market. As free trade improves competition, companies try to satisfy the customers with innovative products. Thus free trade amplifies innovative creations and improves productivity. Moreover free trade is advantageous in eliminating oligopolies and monopolies (free trade explained). However, free trade cannot be always regarded as the trump out policy due to

Process of Supply and Value Chain Management Assignment

Process of Supply and time value Chain Management - Assignment exampleAs the study highlightsthe value mountain chain provides an impressive way to understand the sources of the buyer value that determines the price, and why a product or a service is substituted by another companys product. Thus, the strategies tail be defined as an internal formation of activities that differentiates a firm from its rivals.In this report the benefits and the risks of childbed the full implementation of a affix and value chain get laidment to a multi-product manufacturing company volition be explained. Furthermore, the examples of strategy implemented by Colgate Palmolive get out be assessed. Thus, whether the implementation of supply and value chain management in an organisation pull up stakes be profitable to the organisation or not will be recognised.A supply chain concept includes different intercommunicateed companies with the same objective, such as conflict buyer requirements. Fur thermore, it is a mutual agreement between interdependent organisations to work together to ameliorate, manage and go out the flow of raw materials and information from the suppliers to the consumers.The organisations should ensure that the supply chain is an error- free ancestry network which is demand to perform activities at all the levels of the production. Thus, it can be stated that the supply chain consists of interdependent organisations of suppliers and business processes that are required to be controlled effectively.... The prime goal of the company is to use the technologies to create products that will improve the lifestyle qualities of the consumers. Thesis Statement In this report the benefits and the risks of undertaking the full implementation of a supply and value chain management to a multi-product manufacturing company will be explained. Furthermore, the examples of strategy implemented by Colgate Palmolive will be assessed. Thus, whether the implementation of supply and value chain management in an organisation will be profitable to the organisation or not will be recognised. Process of Supply and Value Chain Management A supply chain concept includes different networked companies with the same objective, such as meeting buyer requirements. Furthermore, it is a mutual agreement between interdependent organisations to work together to improve, manage and control the flow of raw materials and information from the suppliers to the consumers. Additionally, it can also be defined as the network of business units that indulge from the initial stages, from procuring the raw materials to manufacturing it and then making the finished products available to the consumers with an effective distribution system. The organisations should ensure that the supply chain is an error- free business network which is required to perform activities at all the levels of the production. Thus, it can be stated that the supply chain consists of interdependent o rganisations of suppliers and business processes that are needed to be controlled effectively. Therefore, the member organisations are required to know how the materials and information flow all the way through the supply chain, from the initial supplier to the consumers (Vanharanta & Breite, A Supply and Value Chain Management

Strategic Management analysis Essay Example | Topics and Well Written Essays - 1500 words

Strategic caution analysis - Essay ExampleHowever, since the use of petroleum products began, the adoption of other forms of fuel process has been slow. With the feeler of companies like break dance Place, the use of electricity to replace inunct has been taking root. This go with is motivated by the fact that the rise use of Electric Vehicle is slow, despite the fact that these vehicles are environmental friendly. The caller has its own bursting charge and vision that refine its focus in the automotive industry. The companys mission is to first reduce and later eventually eliminate the use and dependence of oil in cable car industry. This mission defines the companys focus and what it does distinguishablely to create value. This is a global company charm to creating the world a better place. It works with stakeholders in automobile industry to enhance the spread of EVs. 1.2. day-dream The companys vision is to integrate car companies with the other companies like the batt ery and utilities companies, and consumers in a way that will enhance an increase in the use of EVs. This vision shows the belief of the company that the but way consumers can adopt EVs in a massive way is by overcoming the main dispute behind the use of EVs, which is its mobility. This belief contrastingiates the company from other value creators who believed that the massive adoption of EVs will be possible only when the battery capacity is increased. This increase will help cars travel over a hundred miles that are currently possible. Therefore, the company believes that it can achieve the generating of EVs by re-engineering cars and not batteries. This is possible by working on the available technologies and involving the relevant profiles in the automobile industries (Rothaermel 2013). 1.3. Stakeholders The table below maps the stakeholders in let out Place Company Stakeholder Claims and Interests Class Investors Transport project that would have higher returns, receive pos itive image, and innovative. name player Government Developing a sustainable transport system Key player railway car Manufacturers developing a sustainable transport system Key player Regulatory Bodies Receive info and regulate organization behavior conceal Satisfied Technical specialists Specify the required technologies to meet the companys requirements Key player Customers Make successful transitions Key player Program manager Budgeting Keep Informed The government and auto manufacturers are in support of a sustainable transport system. Their sorrow to acknowledge EVs in some instances is a threat. Customers desire to be relieved from the high cost of oil opt for EVs. The company is interested in reducing pollution and consumption of oil. The project is vital in reducing the increasing economic costs that come with high dependency of oil in different industries including transport. To effectively address the concerns of stakeholders, the company needs to integrate the working of different stakeholders to share ideas (Abernathy, J and Utterback 1975). In addition, customers need to be educated on the significance of EVs. Finally, the company will work to show estimable results in short period to attract more investors. 2. Industry Analysis and Scenarios 2.1. Industry Analysis Better place has can establish its strategy beyond the suppliers bargaining power. The company has numerous suppliers located in different countries who can give vehicle products and other services. In addition, the customers are located in different countries like Australia and United States of America. The main substitute for EVs is the oil. This product has received numerous criticisms regarding its emission on the environment. In a nutshell, suppliers are forced to embrace new initiatives that are environmental friendly (Thompson et al.

Corporate Goal of Maximizing Shareholder Value Essay - 1

Corporate Goal of Maximizing Shareholder note value - Essay ExampleEnhancing shareholder value cannot be stretched beyond the limits that start breaching the fundamental requirements of corporate governance. Ireland (1996. pp289) established an empirical generalization that the legal existence of the company and the shareholders are entirely separate. Although acts like Sarbanes Oxley in the linked States fox made the leadership of the organization (CEO or CFO) legally responsible for the accuracy in accounting statements, many countries around the world still lack such acts. Moreover, the act does not pose shareholders responsible always because in many companies the shareholders do not sign on accounting statements or manage the company operations. Sundaram and Inkpen (2004. pp353) argue that the shareholder value maximization should be considered after all the liabilities of the skunk has been fulfilled including incentives of managers, contractual liabilities, payments of dividends, principal & interest payments to bondholders, supplier dues, wages, salaries, etc. The net value addition in shareholder wealth needs to be taken care of after all such liabilities have been fulfilled that can be utilely managed through corporate governance. The shareholder wealth maximization and effective corporate governance are conflicting objectives and hence need to be managed by different individuals to subject the risk of conflict of interest. The non-shareholding stakeholders should be engaged in corporate governance whereas the shareholders should be engaged in wealth maximization and both parties should have a congenial environment to resolve conflict situations. These roles should be normally fixed in support of the argument by Sundaram and Inkpen (2004. pp355) that the transition from non-shareholding stakeholders to shareholders is easy but wrong-doing versa is very difficult.

Recommendations to some of the pertinent HRM problems Essay

Recommendations to nigh of the pertinent HRM problems - Essay ExampleThe model was chosen because it covers the SWOT analysis, a focus on the planning on teams for fostering a more participatory organizational culture, Training programs for the HR group progression & recruitment within the company, Performance related pay (PRP) & Annual bonus which is related to company performance, various(prenominal) Development and feedback, and finally Performance Appraisals. These points were the recommendations made to address the HRM problems identified in the example. The recommendation was adapted from the workplace of existing scholars such as Kotter, and Gilbreath.The field of human alternative (HR) management is one of the many interest subject of research that has witnessed a paradigm shift within the last few decades (Huselid, A. M., 1995Doty &Delery 1996). Within this area of research, an increasing body of literature contains the argument that, high performance work practices, including comprehensive employees recruitment, selection procedures, incentives compensation and performance management systems, and extensive employees involvement and training can improve the knowledge, skills and abilities of firms (Huselid, A. M., (1995), Doty &Delery (1996).Today, with the increasing researchers desires to demonstrate the wideness of an effective human resource policy on organisation performance research has shifted from a little level that previously dominated research interest to a more general, strategic macro level (Huselid, A. M., 1995, Doty &Delery 1996). The consideration human resource management is not new. It has been widely used by scholars and managers to refer to the set of policies designed to maximize organizational integration, employee commitment, flexibility and quality of work (Huselid, A. M., 1995, Doty &Delery 1996)Jackson & Shuler (2002) referred to it as an umbrella term that encompasses (a).specific human resources practices such a s recruitment, selection and appraisal and (b). formal human resource policies which directs and partially coerce the development of specific practices and in all, it comprise a system that attracts develops, motivates and retains those employees who ensure the effective functioning and excerpt of the organisation and its members (Jackson & Schuler 2002). Cobb Gnyawali & Offstein (2006315) argued that while effective human resource management and policies have, indeed, been linked to strategic outcomes, human resource management theory has yet to link human assets and HR practices directly to the building blocks of strategy and agonistic behavior. Accordingly, their model of strategic human resources links both micro and macro literature streams. 1.1 Structure of get goingThis paper is aimed at analyzing the case ascertain of the absentee bus crews. The Coal Valley Company where absence seems to be a more acute problem. Absence and lateness are the regular cause of disrupted bu s function and are rated as the chief concern of local management. This paper is therefore going to analyse the case thoroughly by looking at the main issues discussed in the case study in sectionalisationalization 2 below evaluating the management control system as described in the case study in section 3 below analyzing the case using agency and contingency theories in section 4 comparing and contrasting agency and

Classification of My Classmates Essay Example | Topics and Well Written Essays - 750 words

Classification of My Classmates - Essay ExampleThe students in the crime syndicate sometimes may drop out of school and rarely make it official. However, there is also a group that consistently attends classes but do no. attain good scores. This group fails because they do not put attention to what is being taught or do not revise their work or do their assignments seriously. The question we might ask, are underachievers naturally possessing low achievement capacity? To me, it is a big no. This is because to enter in college there are minimum qualifications that must be attained, you privynot attain this score if you do not have the potential to succeed. Underachievement result from misplaced priorities or being in the wrong course. roughly students end up in courses that they do not want because of pressures from parents or relatives. This group feels demoralized because cogitate Engineer seating in a medicine class To him, everything that is taught here makes no sense to him . This makes him pull away motivation and determination. There are also those whose priorities are misplaced they take more time in entertainment and very minimal time in academic work. Most of their time is spent every in bars drinking or traveling to pay a visit to family and friends. I can say most of these colleagues are gifted underachievers that Kim (234) is talking about.The second kin is that of average achievers. Students in this category are erect determined to complete their courses and get out of college. Mostly, they study because of examinations and tests. They attend lessons not because they like but because they know their success is tied to the content of lectures. If an opportunity avails itself they do not attend lectures. Those in this category do not struggle to get very high marks but just struggle to get average marks. This is the group lecturers target when motivating students to strive to get high scores. They unendingly hand in their assignments just in time.