The Australian Companies The Accounting Practices

Question: Portray about The Australian Companies for The Accounting Practices. Answer: Presentation: The Australian organizations of the current time have experienced an enormous change as far as their bookkeeping rehearses. In the prior occasions we see that the different records related assignments, for example, production of solicitations, charges, setting of records, charge installment recording, banking exchanges and so forth were errands that were primarily done on the dint of manual limit of the representatives of the organization. The representatives used to do all the assignments without anyone else. Anyway this was a marvel that exposed the organizations to making mistakes in their bookkeeping capacities. In like manner we see this was an element that had an impact on the operational bore of the organization, henceforth in the present age we see that the business ventures of Australia are demonstrating a more noteworthy partiality to the part of reception of different bookkeeping bundles so their records and money related assignments could be done quicker, simpler and with an a lot lesser file of slip-ups in their standard tasks(Aasb, 2015). A portion of the well known programming bookkeeping bundles to be utilized in Australia are that of Reckon Accounting, Saasu and that of MYOB. In the accompanying piece of the conversation we will give a point by point record of the organizations, their administrations and furthermore their pieces of the pie. The conversation will at last end with an examination between the different brands and the last suggestion on their utilization and applications(Aasb, 2016). Figure Accounting: About the Company: Figure is a bookkeeping programming bundle that is utilized by the little and medium organizations and furthermore by the individual clients. This is a cloud and work area based bookkeeping programming that can be utilized to make the bookkeeping related tasks straightforward, blunder free and quick. The organization has its workplaces in Australia, UK, New Zealand and in the US. There are about 600,000 organizations who are utilizing this brand. The organization was set up in the year 1987 by Greg Wilkinson who was the CEO of the organization till the year 2006(Reckon, 2016). Items: The organization is into creation of bookkeeping programming bundles that assists with working on capacities, for example, the formation of records, bills, solicitations and furthermore for bookkeeping consistently. This is a product bundle that is being utilized for general accounting purposes in different organizations of Australia. Piece of the overall industry: The organization got into a cooperation with the organization Intuit with the assistance of which the organization did by and by re-dispatch its result of Quicken. Anyway in the present occasions the brand has an absolute piece of the overall industry of 5% as top three on line programming bookkeeping bundle administrations. The brand was accounted for to have lost 14% in the year 2015(Swan, 2016). Acquisitions: The main eminent procurement would be that of getting into joint effort with Intuit for Quicken re-dispatch. Saasu: About the Company: Saasu is an Australian organization that bargains into the class of web based bookkeeping programming. The organization is into the feature of dissemination that utilizes the product as a help model. The organization was established in the year 2000 by Marc Lehmann and his accomplice Grant Young. The organization that has started as a protected undertaking and now gets grant of BUSINESS IN THE YER 2006. The business was at first settled to make mechanization in the class of business business(Saasu, 2016). Items: The brand has built up a whole host of bookkeeping bundles that would be utilized for the different bookkeeping errands, for example, circulating air through records on buying, finance the board, deals solicitations, charging of the clients and furthermore CRM. Piece of the overall industry: The result of Saasu is contending with probably the greatest names in the market of bookkeeping programming in the Australian setting. In such circumstance we see that the market hatching happens to be a serious one for Saasu. Anyway the results of the brand needs improvement in different spots and furthermore that a portion of the items are very acceptable. They are as yet assembling their situation in the market(Digitalfirst, 2015). Acquisitions or key union: Recognizant entered into associations with different organizations, for example, the OzForex which is an Australian online remote trade organization and furthermore the prominent brand of PayPal. In the year 2015 Saasu additionally went into an organization with Westpac. All these were associations and not so much 100% procurement.. They were accomplished for item advancement and dispatch. MYOB: About the Company: Stay out of other people's affairs is an organization that is an Australian concern which is additionally a global company. The organization is a firm that bargains into the assessment, and different records related capacities. This is a business that manages the different sorts of little and medium business concerns. The organization was established in the period of the 1980s by Christopher Lee and furthermore a group of engineers at Teleware Inc. They built up the bookkeeping programming Teleware that was purchased by the famous organization Best Software Inc. In the year 1993 the organization Data tech Software happened to be the Australian republished of the different items that were created by MYOB. In the year 1997 the organization went into an understanding of Besta Software and the privileges of the scholarly properties were purchased. In the year 2008 MYOB s an organization stopped its every single other activity other than the ones that happened to happen in Australia and N ew Zealand(James, 2013). Items: MYOB has a huge exhibit of business items that are membership based item and program based items. Every one of them happen to account based items. They were discharged in the year 2010 in August. In 2012 the organization released its Account Right Live that happens to be the cloud empowered rendition of its leader thing. Piece of the overall industry: The organization has a huge cluster of piece of the overall industry. Truth be told it is one of the most looked for in the wake of bookkeeping programming organizations that happens to be working in the different organizations of Australia. In this setting we see that the organization through its huge exhibit of acquisitions has made sure about a prevailing situation in the nation of Australia and furthermore in the business sectors of New Zealand(Reckon, 2016). Acquisitions: The different mergers and Acquisitions that occurred for MYOB are as per the following: Gained by Bain Capital in Sept 2011 ilisys on 28 February 2008 stripped 5 August 2013 Comacc Limited on 1 August 2006 Conto Ltd and JumpStart Computer Accounting and Trainers Ltd on 31 January 2006 NZA Gold Limited on 5 March 2003 SeaSoft Computer Services Sdn Bhd on 9 October 2000 Blue Tongue Technology Pty Ltd on 11 October 1999 Smartyhost on 20 August 2008 stripped 5 August 2013 Exonet on 5 January 2003 Macquarie Outsource Pty Ltd and Macquarie Outsource Sdn Bhd on 30 March 2006 Arrangement 6 Holdings on 29 March 2004 Rorquals Business Solutions Limited on 23 November 2000 Proficient Tools (NZ) Ltd on 30 November 1999 CA Systems on 27 September 1999 The above rundown gives the absolute most great pictures of the situation of the organization in the space of the Australian and the New Zealand showcase. Looking at the three organizations: All the three organizations that have been examined so far happen to be ones that have their own positive items and furthermore qualities. In this setting we see that the organizations have their own qualities and furthermore their own shortcomings. In this setting we see that MYOB and Reckon are organizations who have been in the market for a serious long time. We likewise see that the organizations accomplish probably the most attempted and tried items that are being utilized by an enormous number of organizations over the business sectors of Australia. In this setting we see that Saasu is the organization which is relatively new. Anyway the brand additionally has an enormous number of administrations that are in the item for the utilization of different organizations. The business sectors share is by all accounts the most unmistakable and solid for MYOB(Kennedy, 2016). Proposals: It appears that all the three brands have their qualities and furthermore their own shortcomings. In this setting we see that the brand of MYOB has unmistakable administrations that can be utilized for accounts and furthermore for charge reason. The administrations that are given by Saasu likewise happen to be the one that can offer better help to the little and the medium scale organizations. In this setting we see that the organization must pick the items based on their prerequisite. This is once more something that must be managed care as the equivalent can spell either the achievement or the disappointment of the bookkeeping procedure of the organization. References: Aasb, 2015. AASB Standard. [Online] Available at: https://www.aasb.gov.au/administrator/document/content105/c9/AASB102_07-15.pdf [Accessed 30 September 2016]. Aasb, 2016. Bookkeeping Standards. [Online] Available at: https://www.aasb.gov.au/About-the-AASB/For-students.aspx [Accessed 24 October 2016]. digitalfirst, 2014. Xero versus MYOB AccountRight Live Comparison A Second Opinion. [Online] Available at: https://www.digitalfirst.com/xero-versus myob-accountright-live-correlation second-feeling/[Accessed 02 September 2016]. Digitalfirst, 2015. 2015 review. [Online] Available at: https://www.digitalfirst.com/2015-outline cloud-bookkeeping programming/[Accessed 03 December 2016]. James, D., 2013. 7 bookkeeping bundles for Australian private companies looked at: including MYOB, QuickBooks Online, Reckon, Xero. [Online] Available at: https://www.bit.com.au/Review/344651,7-bookkeeping bundles for-australian-private ventures analyzed including-myob-quickbooks-online-figure xero.aspx [Accessed 24 September 2016]. Kennedy, H., 2016. Figure/MYOB Comparison. [Online] Available at: https://www.kisaccounting.com.au/qbmyob-examination/[Accessed 03 December 2016]. Raik-Allen, S., 2015. MYOB Most Innovative Company in Australia. [Online] Available at: https://www.myob.com/au/blog/myob-most-inventive organization in-australia/[Accessed 01 September 2016]. Figure, 2016. About Reckon. [Online] Ava

Where Have All the Booklovers Gone Free Essays

here Have All the Booklovers Gone? Where have All the Book Lovers gone? By William B. Ongsitco (www. thenewstoday. We will compose a custom exposition test on Where Have All the Booklovers Gone? or then again any comparative theme just for you Request Now information, September 11, 2008) In my discussions with guardians in the school where I work, one of the most loved themes is encouraging among the youngsters the affection for perusing. For some of them, this is a genuine concern. In an age soaked by iPods, web based games, and media barrage, it isn't unexpected to see book sweethearts getting lesser and lesser. In any case, pause, does it truly pay to be a youthful understanding enthusiast? Ok, there’s no uncertainty about it. Approach any educator who has instructed for at any rate a year and he can guarantee you that book sweethearts have a front line that causes them a lot in achieving their scholarly requests. For teachers, wide perusers improve in school contrasted and the individuals who essentially get their course readings in light of the fact that there’s going to be a test the following day. | It’s exceptionally intriguing how a few guardians figured out how to bring up kids who take incredible get a kick out of perusing. Here are a portion of their mysteries. Peruse to your children. Brilliant guardians begin perusing to their kids when the last can acknowledge stories. What's more, they read to them at whatever point there’s a chance. They recount to their children stories, kiddy sonnets, limericks and even the little words on treats wrappers. While riding in a jeepney or a transport, they open to their kids the implications of the words they see around the city-on stores, structures, inns, and some more. Along these lines, small kids start to see the marvels behind the words they experience ordinary. It is significant anyway that when we read stories to kids, we do it with dramatic eagerness and motions. Kids will cherish perusing in the event that they see that the individuals who realize how to peruse take get a kick out of doing as such. Permit yourself to be seen perusing by your youngsters. Children flourish in models. This is a rule that all guardians have found in their own kids. Truth be told this is the means by which exceptionally small children absorb language-by oblivious impersonation. What's more, if a youngster sees that father and mother consistently invest some energy perusing regular, the possibility that the kid would get the propensity for perusing is a lot more prominent contrasted and a kid who only from time to time observes his folks going over a writing. Routine perusing at that point is something admirably worth gaining with respect to the guardians regardless of whether just to enable their kids to grow early love for books and magazines. Enlighten your children concerning the most recent book you’re perusing. It is without a doubt an extraordinary thought to share them the most recent stories we’ve read. At the point when youngsters see that books are wellsprings of great data, their perusing interest is uplifted. Furthermore, there are endless of chances for the sharing. One can do this while taking a feast, walking around a sea shore, or even while doing a task with a youngster. Coincidentally, it would be useful for guardians to find out about issues that intrigue their kids. For example, if a kid is interested about dinosaurs, it is fitting that guardians set out to find out about this point and tell their child that they have gotten the data from a specific book. It is practically certain that the kid will get that book to fulfill every one of his interests about dinosaurs. Have a lot of intriguing and great books at home. While any written words can assist kids with figuring out how to peruse, it is greatly improved to open them to esteem loaded books and magazines. Along these lines, we hit two winged animals with one stone-they figure out how to peruse and they become more acquainted with what is correct and what's going on. Guardians must be extra cautious with the perusing materials that enter their homes. Indeed, even the apparently harmless high schooler magazines may really contain data that can sabotage the qualities you show your youngsters. Similarly, let us remember again the enthusiasm of the youngsters as we select the books we will show at home. Control TV survey and playing of computer games. This last counsel is extremely urgent. Ongoing perusing of books and dependence on TV or computer games are incongruent. Youngsters who are frequently found bolted to their TV or whose solitary joy is going through a long stretch of time playing PC games regularly think that its extremely hard to build up the propensity for perusing. The clarification is straightforward. The greater part of the kiddy shows, for example, kid's shows don't energize supported fixation on youngsters. Huge numbers of the projects we see on TV are just there to give unadulterated amusement. Dissimilar to perusing which regularly requires center, dynamic reasoning and exertion to envision, a large portion of the TV programs essentially require uninvolved review. A great part of the data are transmitted through garish pictures and energizing sounds. Furthermore, when children are accustomed to getting data along these lines, and sure enough computer games are remembered for this class, at that point they discover perusing truly exhausting. All these down to earth exhortation my expect guardians to change a portion of their own propensities. However, considering the incredible advantages they could bring to the entire family, modifying a portion of our practices is positively worth all the exertion. Step by step instructions to refer to Where Have All the Booklovers Gone?, Essay models

Paying for College With Bad Credit

Paying for College With Bad Credit Paying for College With Bad Credit Paying for College With Bad CreditIf you have no credit or bad credit, there are other financial aid options to consider before plunging into the world of long- term repayments.Paying for a college education can be overwhelming, especially if you dont have a good credit score. Whether you’re just embarking on your first foray with student loans or you’re familiar with the world of FAFSA, Pell Grants, and scholarship applications, there is probably more to the process than meets the eye. Not only are student loans the bulk of many peoples’ debts, they’re also the most likely to become delinquent over time.  When you’re faced with the decision of whether to take out new student loans, there is a lot to consider, especially if you’re already dealing with less-than-perfect credit or other types of debt with high interest rates. Here are a few student loan options to review, especially if your credit is pushing sub par.Federal loansIf you’re starting the student loan applica tion process with bad credit, you might be better off getting a loan from the federal government. Loans with the U.S. Department of Education are federally regulated, which means the interest rates are capped and   likely to have lower rates than privately issued loans. Federal loans also come with fixed interest rates, so yours won’t increase during the time it takes to repay your loans.According to Maurie Backman at The Motley Fool, federal student loans also “come with certain borrower protections that can make repaying them easier.” This may include applying for an income-driven repayment plan that lowers your monthly obligation to a more reasonable rate (depending on what you consider reasonable).Certain payment deferment options may also be available to you if you are facing financial hardship due to unemployment or other circumstances. However, make sure to research the penalties for pushing off student loan payments, as certain types of payment postponement like forbea rance (or even deferment on certain types of federal loans) still allow the loan to accrue interest during your payment hiatus.Mark Kantrowitz, publisher and vice president of strategy for college planning consulting company Cappex.com, told OppLoans in a prior blog post that students should opt for federal loans first because they have better repayment terms, lower interest rates, and are generally more available than private loans.Federal loans don’t always require a credit check, but certain types of loans such as PLUS loans for graduate students or parents financing their childs education will require one. Read up on these, as you may still be able to get a loan, but you may need someone who does not have bad credit as a cosigner on your loan as a promise to take on the payment obligations if you default.The federal loan application process can be confusing. Turn to OppUs guide that discusses everything you need to know about the Free Application for Federal Student Aid.Go p rivatePrivate loans may be an option for folks with bad credit. You might not get the best interest rate, but it is possible a private lender will approve you for a loan. Even though the interest rate difference between a private and federal loan might be just a few percentage points, throughout the life of the loan you may repay thousands of additional dollars in interest.According to OppU’s financial aid guide:A private student loan is another opportunity for students to receive financial assistance for college. Unlike federal student loans, private student loans can come from a variety of providers or individual lenders all with their own unique terms. These are generally more expensive than federal student loan options, but are still a solid option for students who need funding.Sallie Mae is probably the most popular example of private student loans, as it’s the largest private student loan originator in the United States.”One thing to consider: Without the flexible repaym ent options offered through the federal government as well as numerous forgiveness opportunities, you might end up stuck with that private loan in delinquency if anything goes amiss.  Go for scholarshipsScholarship applications can be a time consuming process, but every dollar earned through scholarship is another dollar you don’t have to repay later. Your credit history or credit score should be moot when applying for scholarships, as you earn these instead of borrowing them.Kantrowitz gave OppLoans a number of scholarship hunting tips and suggestions that you can start implementing right away to chip away at that student debt you may soon take on, especially if you have concerns about your creditworthiness, dealing with high-interest rates, and your ability to repay lenders:  Start searching for scholarships immediately. There are scholarships you can win in younger grades, not just during your senior year in high school or after you are enrolled in college. The sooner you start searching, the fewer deadlines you’ll miss.Search using a free scholarship matching service.   … If you have to pay money to get money, it’s probably a scam.When using a free scholarship matching service, answer the optional questions in addition to the required question[s]. Students who answer the optional questions tend to match about twice as many scholarships on average as students who answer just the required questions. The optional questions trigger the inclusion of specific awards.Apply to every scholarship for which you are eligible. Winning a scholarship is a matter of luck, not just skill, so the more applications you submit, the greater your chances are of winning a scholarship.Also, remember that winning scholarships should only be part of the plan to pay for college, not the entire plan, as applicants aren’t guaranteed a win and scholarship amounts are typically much less than the cost of attendance. Even with a scholarship, it still may not be enough to cover your financial need.Looking for scholarship money? The OppU Answers blog often posts about scholarship opportunities available for outgoing high school students or college students who are willing to put in the effort to apply. OppU also offers $2,500 scholarships to four different students each year who turn opportunities into solutions.   Check out the OppU Achievers Scholarship info here.  Also, remember that you may have more financial aid options than you know. Be sure to review OppU’s resource, How Financial Aid Works:   A Complete Guide.Your score will take a hit in repaymentPaying off the total amount of your loan should mean a higher credit score right? Not necessarily.Every time you close a thread of debt repayment from a student loan, your score takes a minor hit. Not to worry; it isn’t permanent. The ding on your credit report is simply because you’ve cut out a piece of your credit history that is important to your score. It’s just like closing a credit card; los ing available credit can potentially damage your score.According to a previous post on student loan repayment, repayment damage “is especially true if you don’t have any other outstanding installment accounts. If you don’t have a personal loan, auto loan, or a mortgage, those student loans might have been the only installment account you had open. Plus, the odds are good that you do have a credit card â€" or five.”Work for itEmployers paying their employees’ college costs or assisting is becoming more and more common. It’s possible that where you work right now could make a world of difference in your college debt repayment.Starbucks is one such employer that offers 100% tuition reimbursement for a bachelor’s degree.   In cases like this, not only are you benefiting from your employment during school, you also get the opportunity to make back even more money. It’s a win-win if you can swing working while taking on the responsibilities of an undergraduate student.Agai n, you may be eligible for a variety of options to help pay for college outside of standard loans and scholarships, from student work-study to federal benefits. It’s possible you may even have a 529 account you don’t know about. Regardless of the route you choose, be sure to do your research. The wrong decision could cost you years in unnecessary interest payments.

Inventories Goods Purchased For Resale And Consumable Stores Finance Essay - Free Essay Example

Sample details Pages: 5 Words: 1527 Downloads: 7 Date added: 2017/06/26 Category Finance Essay Type Argumentative essay Did you like this example? In this assignment let us more understanding the topic of accounting for inventories .We know got two of inventory valuation methods and two of inventory system .We also know the meaning of cost and lower of cost or market (LCM) and Net realizable value (NRV).Then ,we know real business how to use this all method in business . II Definition of Inventories Inventories are assets of : To held for sale in not unusual course of the business ,also called in finished goods . In work that have not been completed but incurred in capital investment in company ,also called in work in progress. And a material or substance that purchase required to use in production of goods or service for the sale ,also called in raw material . Goods that purchases for resale and consumable stores . Don’t waste time! Our writers will create an original "Inventories Goods Purchased For Resale And Consumable Stores Finance Essay" essay for you Create order Two of inventory valuation methods First in first out (FIFO) method is meaning the first goods or first assets that received or produced are the first goods to issued .During economic inflation ,the closing inventory and profit is higher and cost of goods sold is lower. Because older inventory from the earlier lower price purchases will be issue out for sales first in lower cost of goods sold out . FIFO may be used by aÂÂ  individualÂÂ  or a corporation. Weight Average Cost (WAC) method is meaning use the cost of goods available for Sale then divided it by use the sum amount of goods from the purchases and beginning inventory. Then this will give us Weighted Average Cost per unit. The physical count is to performed in the ending inventory to decide the amount of goods left in company. Lastly , the amount are multiply of the Weighted Average Cost per Unit after that to get the estimate the ending inventory cost. Two of Inventory System The Perpetual inventory system is can also call continuous system .Its system means of inventory on hand can determined at any time so that the profit can calculated as frequently as management requires in monthly or any time. The Periodic inventory system is usually only count all inventory items on business at the end of the accounting period .It process of count inventory causes disruption to the normal routine of business. Cost and lower of cost or market (LCM) and Net realizable value (NRV) Cost is the value of money of the product, items, services and also other items that buy for using of business. Cost also can given up to make decision of decide the price of the product. Product will depend on cost to decide whether the price should high or low. Lower of Cost or Market (LCM) is a way to report inventory. When the lower of cost or market is applied to inventory, the accountant will list the item at the lower of the cost. If the inventory has decreased below historical cost then the value will reduced and also report on balance sheet Net realizable value (NRV) is value of an asset that can be realized by a company, less a reasonable prediction of the costs associated. Net realisable value is generate equal to selling price of the inventory goods less than selling costs. Then to get the net realizable value is use the estimated selling price or current market price minus all the expenditure to incurred and before complete the sales that call selling cost. In pr udence concept ,cost more than NRV ,the company required use NRV to value its inventory. Cost less than NRV ,the company required use cost to value its inventory III Illustrations In illustrations we were give five example of real business .We will explain each real business use which inventories method, inventory system and choose lower of cost or market (LCM) or Net realizable value (NRV). First ,Macdonald company is an international company that provides people a source of fast food in now a busy world. Macdonalds practiced FIFO method in their stocks because they are in food industry and the freshness of their serving is important, therefore Macdonald will clear out their earlier stock faster to prevent the loss in their freshness of food. This means the raw materials are used in order they are receive. So that, stock in Macdonald is always good quality to sold to customers because their products are sold in the order they are made. When they use First In, Last Out (FILO)method , then their finished product (food) will be smelly not good and not fresh or mildew because the first product that prepared is most last to sold out to customers. Macdon alds is use the amount that lowers of cost or market as of the balance sheet date of inventories minus all valuation and other allowances. It did not include the non-current inventory in their balance sheet. The company uses the lower of cost or market to ensure that their company valuation is fair. Macdonald uses the perpetual inventory system, this is because they business operate in large number of stock in stock out, therefore they have to have instance visual on their preparation of raw material, enough supply of foods, drinks and else. Second,TOMEI company sell luxury goods, they have various type of accessory in gold, silver. TOMEI handle their raw material inventory by using WAC method. There is because the raw material such as gold and silver conservation period is long. They handle their raw material using WAC because when TOMEI process the raw material, what they needed is not only simple gold as an accessory, it might add with silver or else. Therefore the use o f WAC is reasonable from TOMEI to manage their inventory. TOMEI value their inventory using NRV, as we know that the inventory of TOMEI is raw material in gold or silver, as this will be material in their reporting of their financial position. TOMEIs valued the inventory by NRV or selling price, to ensure that the shareholders benefit and to build a good position to the public acknowledgement. The refreshment of their inventory will be in periodic system. The raw material of the luxury goods will take time for the miner to mine. Therefore TOMEI buy in large quantity if they needed or they will have to mine themselves for raw gold and silver. Third ,The Coffee Bean and Tea Leaf or more well known as coffee bean, besides franchising their business, they are actually in food industry that provides high quality of coffee, serving of delights. Coffee Bean they have their own stock kept. In terms of valuating their stock they practice FIFO methods. Where this method is recogni ze by IFRS, and also practice parallel with their business activities. FIFO methods is main used to clear off the stock which came in first where most company will use to ensure that there is no loss of inventory due to expiry. Coffee Bean uses NRV method to value their stock kept. They have many branch to take care as the branch have different management system, therefore they try to make it equal and same for all. As Coffee Bean mostly will be in franchised, their stock will be in perpetual system, they will always keep all their records, books. To guarantee there what menu stated will be provided. Third , Dell have been operating for more than 26 years, Dell has branches over the world, communities, customers to use technology to realize their dreams. Dell product is more towards technology and software. Dell manage their hardware inventory by WAC method, as we know that dell is producing a complete set of technology product, for example a desktop, it is not important where the hardware use is first in or last in. The finished goods will be run on a test, the parts that malfunctions will be replaced. Dell is an international company that operates to handle thousand of customer a day. Their value of stock will be valued according to NRV, the NRV will directly influence the securities of Dell, it is due to the inventory will be a major asset of them. Dell companies practice perpetual system for their inventory maintenance, with the system Dell companies will have their real time records on their inventory. It will help them to secure for the production and also to keep up with the order from their customer. Finally, Intel is a global brand with offices in more than 25 countries, major of production of Intel will be chipset and computers processor. As Intel is a huge company that has strict inventory management, FIFO method is used to monitor the activities of the inventory. The main reason for this method is used is because it can help to clear out the stock that eventually coming in for quiet a moment. For most of the international company, NRV will be use to value their stock inventory as this will affect in the balance sheet and also will have an effect on the security of the company. Intel practices a periodic system on their inventory checking. In order to keep up to the speed of the production Intel have to purchase raw material frequently, therefore a periodic supply of the material in an important fact to Intel.

Mini Business Plan Essay - 1284 Words

The purpose of this paper is to summarize a service that will create opportunities to enhance patient care. This will be accomplished by identifying a justifying the need and rationale for its service, its potential effect on patient care, and the way it will positively impact revenue. Next I will identify strengths, weaknesses, opportunities, and threats when implementing this mini project plan; an â€Å"environmental scan† or SWOT analysis. Finally I will provide a mission statement for the new service and describe how this service aligns with the organization’s mission statement and strategic plan. Summary of the service The establishment of a free standing ambulatory surgery center dedicated to upper extremity surgery will provide†¦show more content†¦As entitlement programs are on the edge of major reform and as the surgeons face the loss of purchasing power, cost-effective participation in an ASC becomes an attractive option. There are three things surgeons desire: the best care for their patients, control over their environment, and maximize their profits (Horner Miller, 2011). The focus of service will initially be limited to Medicare reimbursement. We plan to bring the operations of the business to profitability within the first year. The primary source of revenue for the Outpatient Surgical Center will come from the surgical services performed onsite. The service will qualify for specific reimbursement codes as identified by the Center for Medicare and Medicaid (CMS) guidelines. For example it is typical to perform six cases in one day lasting approximately six to seven hours. The sp ecific reimbursement as identified by the CMS guidelines would be as follows: excision of ganglion cyst x two with a HCPCS code # 25111 would be $890.10 each ($1780.20 for two cases), dequervains x one with a HCPCS code # 25000 would be $890.10, open reduction internal fixation of wrist x one with a HCPCS code # 25607 would be $2592.14, and open reduction internal fixation hand x two with a HCPCS code # 26615 would be $1864.78 ($3727.56 for two cases); providing gross revenue of $7127.22 for the surgical day. 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“The structure of business management and organization” Free Essays

string(53) " respected as an individual person or to the worker\." Modern business requires modern management and this means well trained managers. Even today, most people undertake their first management position with little or no formal training.   As a result, they adopt the styles by themselves were managed. We will write a custom essay sample on â€Å"The structure of business management and organization† or any similar topic only for you Order Now    Too often this perpetuates poor or discredited management techniques which have no place in today’s world. With few exceptions, the majority of managers find the most difficult aspect of their job is the management of people, who after all the most important resource of any organization. A form of management began when man first employed others to work for him.   In those early days, the relationship between employer and employee was   master and servant or landlord and serf.   Workers were treated as chattels and motivation was based on the simple principle â€Å" if you don’t work, you don’t eat†.   Some people seem to believe that things have changed little change. Managing modern organization, it requires a completely different set of skills, one of the common myths is that the manager, should be the best exponent of the craft skills with in the organization.   In theory, a good manager should be able to manage any department with in an organization with the minimum of adaptation.   What makes a good manager?   A good manager is one whose staff works with him rather than for him. Can anyone become a manager?   In theory, yes in practice no.   many people are unable or unwilling to adopt to the need of management.   People are usually promoted because they are good at their present job, they have been with the company for a long time, their age gives them seniority, they know the right people, and they happen to be in the right place at the right time. Rarely they are promoted because they will make good managers. As with most activities in life, you won’t know how good you are until you really try it.     Management is no different so you should learn how to do it before taking such a major career step.   Every manager has responsibilities towards him or herself, their team, the individual within the team, the company and task in hand.   This includes motivating staff to perform to the best of their abilities and to prevent demotivation, delegating task, to plan and to control the activities within their domain to ensure that objectives are meet. To take decisions and of course managing problems, not to solve them all, but to help the team reach acceptable solutions.   Effective manager, initiate and encourage ideas from the subordinates and developed the team.   Considering the resources in management group,   Ã‚  the people, acknowledging their different needs, attitudes, abilities and personalities.   These are not constant and can change from day to day, but a good and a modern   manager in a modern organization can maximize the strengths and minimize the weaknesses. Time – the most democratic of the resources.   Every one has 60 seconds in a minute, 60 minutes in an hour, etc.   It is how this time is used that determines managerial effectiveness. Space- this is expensive and many work places suffer from alack of it.   However, much can be made of the space available to improve the working condition /environment   and peoples behavior. Finance- all managers involved with budgets and expenditure to some degree.   Trainings specifically designed to deal with finance for non-financial managers are available. Equipment – including desk, telephones, photocopiers and personal computers.   You should ensure that your team have sufficient for their needs, while bearing in mind that idle equipment is a non-productive cost. Information- ensure that all information received is given the right priority and used as appropriate to help the team. Their utilization will affect the team and the individuals within the team, so managing these resources effectively is vital. After understanding manager’s role and of course before trying to manage other, it is vital to know how to manage yourself.   I f you are seen to be disorganized, easily pressured, blinkered in your views, unmotivated, and subject to swift changes of mood, you will not win the respect and credibility of your staff. â€Å"Healthy self-criticism and an abiding willingness to learn seem to me to be the most important requirements of any manager† HRH Prince Philip. Self management is not about the amount of time you spend in an activity, but about what you do during that time.   His quality that counts, not quantity.   Time is very easily wasted but impossible to regain.   Time spent on non-management activity is not necessarily unproductive time.   But could the time have been between use elsewhere?   It is very important also to learn and control emotions at work   Highly emotional people are often labeled as unstable, untrust worthy and weak.   None of these are traits associated with good management. Communicating people in modern organization is very important Good verbal communicating is a two-way process, the speaker gives the listeners the opportunity to ask questions and make comments about what has been said in order to clarify and query the statement. The objectives is to transmit a message so that it is understood by the listeners.   The art of effective listening is essential to clear communication and clear communication is necessary to management success. Understanding how people are motivated an organization is a task and action that require into a staff to undertake.   In order to be able to motivate them to do so, you must know and understand the needs of each member of the team.   Because of the parameters in which you operate, you may be unable to satisfy the surface needs as money or promotion. Therefore, you have to look for the subconscious needs that these represent and try to satisfy the person concerned by other means such as the need of recognition, we all need to be recognized by others for what we are.   Second, the need for respect, it is our bright right to be accepted and respected as an individual person or to the worker. You read "â€Å"The structure of business management and organization†" in category "Essay examples"   Third, the need for responsibility, by having a task, however small, for which they are totally responsible and accountable, this is best achieved by delegation.   Fourth, the need for reward, not necessarily in the form of money, prizes or time off.   So often, this can be satisfied by a simple but genuine word of praise. Learning to delegate is another task inside the management.   Good delegation will give many benefits to the subordinates, a valuable development, motivation, a sense of responsibility for the staff, involvement and of course improve teamwork.   This will take some of your management time to set up but once operating it, is simple to update and will provide with a very useful management tool. Most people work in modern organization, groups, whether it be an office, a laboratory, a hospital, the factory floor or a theatre, in order that they can achieve their respective objectives, therefore, they must work as a team to build and lead.   It is equally important that all work groups operate or not a group becomes a team depends on how they are lead.   Considering this, analyzing a successful team, identifying team roles, understanding leadership qualities and styles, and managing â€Å"difficult† people is part of building an effective team. Building a successful team can be a slow process and requires patience and perseverance on our part.   If things do not work the first time, don’t blame the team, try again- you will get it together eventually. â€Å" ALL FOR ONE AND ONE FOR ALL†. The most important, and be reminded that our life is full of decisions making, every day we make decisions, these decisions affect only ourselves or our families and many of them are made on experience.   All decisions contain a degree of uncertainty, otherwise there would be no decisions make.   To help overcome these uncertainties, we can apply the following steps: a.)Define the aim- clarify the reasons and objectives. b.)Collect the facts- obtain as much information as possible, relevant to the decision. c.)Examine the options- study a number of possible options, don’t rely sole on past experience. d.)Consider the outcome- look at the risk factor of each option and the consequences of a wrong decisions. e.)Select the best option- decide upon the option with the lowest risk factor which will still meet the aim. f.)Do it- once a decision has been reached, put it into action, don’t procrastinate. g.)Evaluate the decision- to proved to be right or wrong. Managers continually face assessing management problems in two distinctive categories; those related to work itself and those related to people.   Whilst the objective in both cases is to solve the problem, they are tackled in quite different ways.   When confronted with a problem, the first question to ask yourself is â€Å"Is this my problem? If not, then should you really be trying to solve it?   However, should the problem be yours and you are the best person to find a solution, make sure that you understand exactly what the problem is.   Much time and effort is spent in business trying to solve the wrong problem. Addressing work problems is also important, these can be short, medium or long term.   Some are simple, others more complex.   Many work-related problems can be solved by you alone, while others are better served by involving different people.   Whatever the problem, it is good practice to have a clearly defined method of handling it.   Taking a systematic approach, a series of steps that need to be taken and questions that require answers before attempting to find a solution.   This will be follow; analyze, plan, execute and   evaluate.   Time is democratic, we all have the same amount.   It is what we do with it that really counts. Time ticks by relentlessly.   It is very easy to waste but impossible to regain.   The only way in which we can save time by doing something more quickly or by not doing it at all.   There is ‘working’   time and ‘social’ time.   If we add to one we automatically take from the other.   The art is to maintain a sound balance between the two.   As a manager, you need to manage your time carefully, so that we can maximize its use and do not encroach upon your ‘social’ time. Before trying to manage your time effectively, we need to analyze how you spend it at present. So, time organizing to be applied.   List those activities that you do during the course of a normal week.   For example, paperwork, telephoning, attending meetings, dealing with people, traveling and so on.   Estimate the number of hours you spend on each activity.   Time allocation, to ensure that you deal with all of your tasks on time, it is essential to plan how you will use your time effectively. Your last job each day should be to list everything that you have to do the next day.   To innovate is to â€Å" make changes†, to introduce ‘new things’.   However, many people find it very hard to come up with new ideas, particularly to order, this is managing innovation.   Generating new ideas often occur when we are doing something quite unconnected with the problem, such as driving the car, walking the dog or watching television. However, part of the management time should be devoted to innovation, to help generating new ideas, explore all approaches without evaluation, switch from problem to problem, allowing mind to wander over alternative and apparently irrelevant ways of looking at the situation and write down ideas and thoughts.   Managing different types of interviews, an interview is a meeting of people, tow or more, face to face, to accomplish a certain known purpose’.   In reality, an interview should be confined to two persons. Good interviewing prepare by obtaining as much information as possible before the interview, ensure privacy, emphasize confidentiality, ask appropriate questions, listen carefully, observe the interviewee’s body language, use counseling techniques to discover the core problem and encourage the interviewees to reach their own solution. People have first to decide that they want to change, then they must be encouraged not to be afraid of change and finally they must be able to see where change is leading them.   Understanding and managing change, changes to an organization are caused by both internal and external factors.   Many of these changes are unpredictable and, whatever, the causes or circumstances, invariably involve people. The way in which people react to change will depend on how the change is presented to them and how they perceive it will affect them.   The causes of change can be divided into two types, those over which as a manager have no influence and those over which you do.   In the first group are changes which will affect the whole company, such as relocation or a change in company policy.   These are often due to external factors such as the economy, environment or the law.   Changes which you can influence are normally those which will mainly affect only your and your staff. Managing stress at work, one of the main reasons why people are stressed at work is their boss and the way they are managed.   There is one way for an executive to manage stress.   He must stop taking for granted success at home, and begin giving as much priority in terms of time and energy to achieving success there as he does to his job.   Understanding the causes of stress, the most common causes of stress have their origins outside the workplace. A few years ago a list of activities which can cause stress was complied by psychologists.   It is based on a scale of 0-100.   The higher the value, the greater the stress.   Both positive and negative events can cause stress.   It is interesting to note that of 34 activities listed over, only seven are directly work related and the highest two of those will have a direct effect on your domestic life.   Although management as a profession only has a stress rating of 5.8, some managers seem to spend their time trying to push it as far up the scale as possible. People who experience domestic pressures often immerse themselves in their work in an attempt to forget these problems.   However, the problems are still there when they return home, so they will work longer hours in order to delay having to go home.   These increased absences result in still more stress on the domestic front.   It is a vicious circle.   Other stressful factors are; too much work, giving few opportunities to plan or priorities.   To mo little work, boredom and a sense of being under-valued and ignored. Isolation, most people need human contact and those who work alone can be stressed by a lack of communication.   Routine work, not being stretched or challenged.   Poor supervision, unable to become involved or use creative abilities.   No clear promotional structure, frustration.   Environment,   working in cramped conditions, seating arrangements, open plan office, too much noise.   Managing in a changing work place is also included in managing the modern organization. With this, abilities and skills of being a manager, managing in a modern organization, it has become fashionable for companies to adopt a flatter organizational structure.   This is achieved by ripping out the middle management stratum and replacing it with working manager’s at supervisory level.   These people are expected to continue with their specialist role, be it operating a lathe, selling products or repairing computers, and at the same time manage a team.   Although this means that people are promoted who may not have expected to be, it also result in a wider gap between the workforce and senior management. Whilst it is acknowledged that a proportion of those managers who have lost their jobs may have been poor managers, did they receive adequate, or indeed any, management training?   It is to be hoped that senior executives will quickly realize the benefits to their companies of having good, well qualified managers and reverse this trend before causing further damage to the morale of the employees. References : Managing Trough People, by John Humphries, Published by Grolier Business Library International, Inc. printed in 2003. Business Organization and Management edited by H. Guitierrez, Jose M. Pura Jr., Rolando M. Garcia sixth edition, R.M Garcia Publishing House, Quezon City Philippines. How to cite â€Å"The structure of business management and organization†, Essay examples

Medical Marijauna Essays - Entheogens, Antiemetics, Herbalism

Medical Marijauna Medical Marijuana The use of marijuana for medicinal purposes is an extremely controversial subject. There are many supporters, as well as many that are in opposition to the use of marijuana in any situation. Parties on both sides of the issue are regularly bringing forth new information to endorse their case. Marijuana, made from an Indian hemp plant that bears the name cannabis sativa, is a mixture of stems, leaves, and flowering tops. The flowering tops are smoked for the tetrahydrocannabinol, or THC, that is concentrated there. THC is the main psychoactive ingredient in marijuana. The use of marijuana as folk medicine began in Central Asia as far back as 3000 B.C. Its use as a pleasure-inducing drug began in the 1900s, becoming widespread in the 1960s and 1970s. In the 60s and 70s, marijuana became the second most popular drug, alcohol being the first. This trend continues today (Berger). The intoxication, or high acquired due to the smoking of marijuana, has two phases. These ph ases are initial stimulation followed by pleasant tranquillity. The initial stimulation includes giddiness and euphoria, then sedation and tranquillity (Berger). Another of the results of smoking marijuana is an increase in appetite known commonly as the munchies. Because loss of appetite and nausea are common side effects of illnesses for which marijuana is a possible medicine, the munchies is one of marijuanas most valuable medicinal uses (Thompson 149). There are many mistaken objections pertaining to the use of marijuana as a medicine. One of the most common of these myths is that marijuana is highly addictive, and that long-term users experience physical withdrawals when marijuana use is stopped. In actuality, most marijuana smokers smoke the drug only on occasion (Science 3). Marijuana has not been proven physically addicting and no physical withdrawal symptoms occur when use is discontinued (Berger). Another myth commonly used to discourage the use of marijuana as a medicine is that marijuana has been scientifically proven to be harmful. In 1972,after reviewing scientific evidence, the National Commission on Marijuana and Drug Abuse concluded that while marijuana is not totally safe, its dangers had been grossly overstated (Morgan 1). In 1995, based on thirty years of scientific research, editors of the British medical journal Lancet concluded that the smoking of cannabis, even long term, is not harmful to health (Science 1). Many anti-medical marijuana supporters have said that there is not medicinal value in marijuana. They claim that safer, more effective drugs, such as Marinol, are available. Marinol is a synthetic version of THC. In reality, smoked marijuana has been shown to reduce nausea induced by chemotherapy, increase appetites in AIDS patients, and reduce intraocular pressure in people with glaucoma. Marinol is a synthetic THC capsule and is available by prescription but is not as effective as smoked marijuana for many patients. Furthermore, pure THC may produce more unpleasant psychoactive side effects than smoked marijuana (Morgan 2). Marinol is more expensive than regular marijuana and seems to cause higher levels of anxiety and depression. Also, because one of the main problems combated in chemotherapy is nausea and vomiting, a pill is probably not the best idea for treatment (Thompson 149). There is a theory that marijuana is a gateway drug. Anti-marijuana supporters believe that even if marijuana itself causes minimal harm, it is a dangerous substance because it leads to the use of harder drugs such as heroin, LSD, and cocaine. Supporters dismiss this theory as a casual explanation for the statistical association between common and uncommon drugs, which changes as drugs change in prevalence (Morgan 4). Supporters explain that because marijuana is the most popular illegal drug in the US today, people who have used less popular drugs such as heroin, cocaine, or LSD, have probably used marijuana. Also, for the large majority of people, marijuana is a terminus rather than a gateway drug because a person does not crave a better high when he or she uses it (Morgan 4). One of the most common objections to legalizing marijuana for medical use is that it will set a bad example for children targeted by drug pushers. However, because marijuana would only be prescribed for seriously ill patients, the idea of smoking