Accountancy Essay Example | Topics and Well Written Essays - 2500 words

Accountancy - Essay Example But as any student of business knows, evaluation of managerial efficiency or corporate health is not that straightforward an issue. There are two reasons for that. Firstly, all organisations are not established with the objective of earning profit, especially those that are owned and operated by the public sector. If you feel confused at this comment, just think about the London tube railway. Though nobody would be unhappy if it could earn what is commonly known as commercial profit, would any citizen ever quiz the service it provides and, would any government ever dare to even think of discontinuing the service as it is not a profit making venture? Obviously not, since it was conceived as public utility. The second reason why profit calculated by the mercantile method is not always a true indicator of the commercial success of business enterprise is the accrual concept and the conservative approach which lie at the heart of any set of accounts prepared anywhere in the world. By taking into account all possible or even vaguely plausible expenses and ignoring all incomes except those that are absolutely sure, the accountant in effect tries to take a hyper conservative approach and presents a situation which cannot be worse. It might suit those at the helm of affairs of business houses, but these two basic tenets of accountancy do indeed paint a picture which is bleaker than what the actual situation is. Thus many stalwarts of accounting profession strongly feel that a trend of profits, instead of profits earned in individual periods and considered in isolation, would be a better estimate to gauge the financial health of an enterprise. And there is, rather was, a lot of confusion regarding how far conservatism could be stretched while drawing up accounts for a financial year. Some opinion makers of this profession were passionate about the independence of accountants and argued in favour of the

Chemistry (Metallic glasses) Term Paper Example | Topics and Well Written Essays - 500 words

Chemistry (Metallic glasses) - Term Paper Example In particular multicomponent metals, the phase transformation from super cooled liquid to crystalline phase is retarded by orders of 8 to 9. The high glass forming ability, castability, printability and unique characteristics of glassy alloys extend applications when compared to the conventional crystalline alloys. Table 1 gives examples of glassy alloys and when they were first reported. The highest glass forming ability is achieved at compositions near the multicomponent eutectic point with the lowest melting point and is evaluated based on thermal stability parameters of reduced glass transition interval of super cooled liquid region (Inoue, Wang and Zhang, 3). It is reported that the tensile strength of bulk glassy alloys is higher than that of crystalline alloys of the same young’s modulus whereas their young’s modulus is a third as high as crystalline alloys of the same tensile strength. Alloy systems are classified as ferrous and nonferrous (Table 3 and Table 1). The discovery and development of bulk glassy alloys were based on research on alloys that bore the three component rules for the stabilization of super cooled liquid. The first rule is the need for a multicomponent that consists of more than three elements. The second is components having atomic mismatches greater than 12% of the three elements, and the third is the negative heat of mixing among the three major components. An excellent linear relationship satisfying Hooks law has also been observed between tensile strength and young’s modulus (figure 3). The twist angle and shear stress has been found to be 3 times higher than for crystalline alloys. The bulk glassy alloys have high strength reflected by fatigue endurance limits after 107cycles ranging between 0.15 to 0.38 and dynamic durability (Inoue, Wang and Zhang, 4). The endurance of glassy alloys when used as machinery parts has been found

Wk2 Journal Assignment Example | Topics and Well Written Essays - 250 words

Wk2 Journal - Assignment Example The company relies on its brand reputation to market its internet services. To meet the needs of different consumers, the company has various subscriptions depending on the type of data connection a customer wants (Lamb, Hair & McDaniel, 2008). With shops in almost all major cities in the US (Place), customers can be sure to get internet connections whenever they want. Additionally, customers can visit the shops during working hours or call the company’s customer care lines for home connections. Verizon Wireless acknowledges that pricing (Price) is a critical factor in marketing and as such, the company provides internet connections at varying rates depending on the needs of consumers and their financial capability. In so doing, the company targets both low income earners and high-income earners. Pricing is also made with consideration of the company’s competitors (Lamb, Hair & McDaniel, 2008). Equally, the company promotes (Promotion) this service through advertising on TV, radio and billboards. This ensures that it remains competitive in the market and that potential customers are reminded, continuously, of the company’s

Company law Essay Example | Topics and Well Written Essays - 4500 words

Company law - Essay Example It must be emphasized that the Partnership is nothing but a collection of individuals and not a separate entity in itself. As such, there is no concept of limited liability. All the partners are jointly and severally liable for the debts of the business. This means that the creditors of the business can not only seize the assets which were put into the Business by the partners, but also to the personal assets of the partners. So for example if your Business defaults on the loan that you intend to take out from Credit Crunch Bank, then not only will the  £10,000 put in by each partner be liable for forfeiture, but the personal assets of the partners will also be up for grabs. To emphasize the point, under a partnership there is no dividing line between the Business and the Partners themselves. A private company limited by shares is different. Here a company will be incorporated having separate legal personality and the Business will be carried out by this company. In the eyes of the law, the company is a separate person just like all you and your fellow colleagues are different people. Any debts of the company will remain its own and will not flow over to the shareholders. Similarly, any assets contributed to the company will belong to the company and will no longer be a part of the shareholder’s estate. The main duty of the shareholder is to contribute to the value of the share. Once this is done, there is no further liability on the shareholder. Even if the company later faces debts, the personal assets of the shareholder are safe. The concepts of separate legal personality and limited liability come together to ensure that the liability of the shareholder is limited to any amounts unpaid on the price of the shares and nothing else. So if, as before, the company defaulted on the Credit Crunch Bank loan, then only the assets of the business such as the  £10000 each contributed as capital by you and your colleagues would

What does it take to become a successful leader in today's business Research Paper

What does it take to become a successful leader in today's business world - Research Paper Example An essential requirement for the business leader of today is to clearly understand major societal and environmental forces that shape business. Central in creation of value is knowing where and how to respond to societal demands in terms of the daily running of business. This calls for s strong sense of vision and emotional intelligence. The core of leadership in business still remains; leaders should be able to motivate employees, inspire and foster the spirit of teamwork among the people they lead so as to achieve common business goals. But the business environment has undergone tremendous changes in the past few decades presenting new management challenges to the business of today. They have to work in an environment with more challenges and expectations while leading teams in accomplishing the set business objectives. The implication of all these is that the modern business requires more than managers; people who can lead by vision and create the working environment in which the common vision is shared by everyone one involved. With the evolving purpose of the business leadership role, modern leaders must approach their work with a different perspective, lead change across & beyond the boundaries of business and effectively work in collaboration with relevant stakeholders in achieving the missions (Gitsham and W ackrill, 2012). A leader in the modern business world must keep up with developments in technology. Technological trends especially in business are evolving at the speed of lightning and this renders even a management tool that rocked the business world just in the past few years completely obsolete. Some leaders may face great challenges but keeping the pace would mean taking advantage of technological tools to the competitive benefit of the firm. The leader should be capable of utilizing tools such as social media and at the same time an environment in the firm where technology

Have Public Schools Adequately Accommodated Religion Essay

Have Public Schools Adequately Accommodated Religion - Essay Example Those of a more liberal approach strictly adhere to the principle laid down in the Constitution for the separation of church and state. They believe it unlawful for schools to promote any one religion but do want the teaching of all religions as a part of the curriculum. This discussion examines the vast difference of opinion regarding religion in public schools including evolution versus creationism, the controversy over prayer in schools, religious observances and the questions of the distribution of religious literature. It will also touch on teaching the subject of religion and explore reasons of why it should be taught and why it is not. The argument supporting the insertion of Christianity into the school system is that this country was formed upon religious principles. For example, on September 17, 1796 George Washington said, â€Å"It is impossible to govern the world without God and the Bible† (Evans, 2005). The third president and author of the Declaration of Independence, Thomas Jefferson, wrote in1781, â€Å"God who gave us life gave us liberty. And can the liberties of a nation be thought secure when we have removed their only firm basis, a conviction in the minds of the people that these liberties are a gift of God?† (Evans, 2005). Jefferson, a well recognized liberal thinker, as well as the entirety of the Founding Fathers, was confident that the U.S. existed only because of the intervention of a divine being, God. They would have fully supported prayer and other Christian teachings in public schools. The Constitution allows for activities involving religion to be practiced in public schools though teachers and administrators are largely unaware of the laws pertaining to the issue. Because of this lack of knowledge, activities such as prayer are banned outright so as to ensure the schools are not violating the law. Public school students do, in

Leadership applied to Human Resource Management Essay

Leadership applied to Human Resource Management - Essay Example This paper discusses different leadership styles along the concept of change management. Throughout human history there have been individuals who have stepped up and accomplish great things by leading people. In the 1960’s Martin Luther King was an inspirational leader that was instrumental in the civil rights movement. Organization such as Microsoft which was founded in 1984 started as small start-up companies, but thanks to the efforts and commitment of its leader Bill Gates Microsoft become the world largest software company. People that become leaders achieve such abilities through their efforts, self-study, formal education, training, and experiences (Clark, 2008). Leadership in itself is an organizational behavior topic that is taught at all major universities. There are different theories, concepts and styles associated with topic of leadership. Three theories that attempt to explain how leadership is developed are trait, behavioral and contingency theories. It is also important to know that leadership can manifest itself in formal and informal ways. Managers are typically the employees who job description requires them to display leadership shills, but sometimes a employee within a company may exert informal leadership by methods such as leading by example. The trait leadership perspective assumes that traits play a central role in differentiating between leaders and non-leaders or in predicting leader or organizational outcomes (Schermerhorn, et al., p.287). Some of these traits include self-confidence, energetic personality, tenacity, high intellectual and emotional intelligence among others. The behavioral theory perspective places a high level of importance on the impact leadership has on the performance of a company. The theory deals with the capability of a person to manipulate others by understanding human