The Analysis And Application Of The Balance Sheet

Financial accounting is one of the most popular major in the world. In the study of accounting, people must know and use expertly the three accounting statement, balance sheets, cash flow, and income statement. It is the most basic and useful skill in one’s career of accounting. But in the four basic financial statement, the balance sheet or called statement of financial position is the only one which describe a single point in time of a business’ calendar year.â€Å"In financial accounting, a balance sheet or statement of financial position is a summary of the financial balances of a sole proprietorship, a business partnership, a corporation or other business organization, such as an LLC or an LLP. Assets, liabilities and ownership equity are listed as of a specific date, such as the end of its financial year. A balance sheet is often described as a snapshot of a company's financial condition. †(Williams,Jan R,ibid,2008)Therefore, this essay will force on the ba lance sheet, it can help student understand the balance sheet better.A standard company balance sheet has divide into three parts: assets, liabilities and ownership equity. â€Å"The main categories of assets are usually listed first, and typically in order of liquidity. †(Daniels, Mortimer ,1980) â€Å"Assets are followed by the liabilities. The difference between the assets and the liabilities is known as equity or the net assets or the net worth or capital of the company and according to the accounting equation, net worth must equal assets minus liabilities.†[Williams, Jan R,2008]†Another way to look at the same equation is that assets equals liabilities plus owner's equity. Looking at the equation in this way shows how assets were financed: either by borrowing money (liability) or by using the owner's money (owner's equity). Balance sheets are usually presented with assets in one section and liabilities and net worth in the other section with the two sections â€Å"balancing†. A business operating entirely in cash can measure its profits by withdrawing the entire bank balance at the end of the period, plus any cash in hand.However, many businesses are not paid immediately; they build up inventories of goods and they acquire buildings and equipment. In other words: businesses have assets and so they cannot, even if they want to, immediately turn these into cash at the end of each period. Often, these businesses owe money to suppliers and to tax authorities, and the proprietors do not withdraw all their original capital and profits at the end of each period. In other words businesses also have liabilities.†[wikipedia, balance sheet]A balance sheet summarizes an organization or individual's assets, equity and liabilities at a specific point in time. We have two forms of balance sheet. They are the report form and the account form. Individuals and small businesses tend to have simple balance sheets. [the original, 07,15,2007] L arger businesses tend to have more complex balance sheets, and these are presented in the organization's annual report. [Microsoft Corporation balance sheet, June 30, 2004] Large businesses also may prepare balance sheets for segments of their businesses.[Global Financing]A balance sheet is often presented alongside one for a different point in time (typically the previous year) for comparison. [Balance sheet comparing two year-end balance sheets] â€Å"A personal balance sheet lists current assets such as cash in checking accounts and savings accounts, long-term assets such as common stock and real estate, current liabilities such as loan debt and mortgage debt due, or overdue, long-term liabilities such as mortgage and other loan debt.Securities and real estate values are listed at market value rather than at historical cost or cost basis. Personal net worth is the difference between an individual's total assets and total liabilities. †[Personal balance sheet structure] â⠂¬Å"A small business balance sheet lists current assets such as cash, accounts receivable, and inventory, fixed assets such as land, buildings, and equipment, intangible assets such as patents, and liabilities such as accounts payable, accrued expenses, and long-term debt.Contingent liabilities such as warranties are noted in the footnotes to the balance sheet. The small business's equity is the difference between total assets and total liabilities. †[Small Business Administration] There are anther type of balance sheet is US small business balance sheet. It is a small business balance sheet lists current assets such as cash, accounts receivable, and inventory, fixed assets such as land, buildings, and equipment, intangible assets such as patents, and liabilities such as accounts payable, accrued expenses, and long-term debt.Contingent liabilities such as warranties are noted in the footnotes to the balance sheet. The small business's equity is the difference between total ass ets and total liabilities. Guidelines for balance sheets of public business entities are given by the International Accounting Standards Board and numerous country-specific organizations/companys. â€Å"Balance sheet account names and usage depend on the organization's country and the type of organization. Government organizations do not generally follow standards established for individuals or businesses.†[Personal balance] If applicable to the business, summary values for the following items should be included in the balance sheet:[16] Assets are all the things the business owns, this will include property, tools, cars,Current assets,Cash and cash equivalents, Accounts receivable,Inventories,Prepaid expensesfor future services that will be used within a year,Non-current assets (Fixed assets),Investment property, such as real estate held for investment purposes,Intangible assets,Financial assets (excluding investments accounted for using the equity method, accounts receivabl es, and cash and cash equivalents), Investmentsaccounted for using the equity method, Biological assets, which are living plants or animals.Bearer biological assets are plants or animals which bear agricultural produce for harvest, such as apple trees grown to produce apples and sheep raised to produce wool. [Epstein, Barry J. ; Eva K. Jermakowicz ,2007] the liabilities is include: Accounts payable, Provisionsfor warranties or court decisions,Financial liabilities (excluding provisions and accounts payable), such as promissory notes and corporate bonds,Liabilities and assets for current tax,Deferred taxliabilities and deferred tax assets,Unearned revenue for services paid for by customers but not yet provided. Further more The net assets shown by the balance sheet equals the third part of the balance sheet, which is known as the shareholders' equity.It comprises:Issued capital and reserves attributable to equity holders of the parent company (controlling interest), Non-controlling i nterestin equity. Formally, shareholders' equity is part of the company's liabilities: they are funds â€Å"owing† to shareholders (after payment of all other liabilities); usually, however, â€Å"liabilities† is used in the more restrictive sense of liabilities excluding shareholders' equity. The balance of assets and liabilities (including shareholders' equity) is not a coincidence. Records of the values of each account in the balance sheet are maintained using a system of accounting known as double-entry bookkeeping. In this sense, shareholders' equity by construction must equal assets minus liabilities, and are a residual.Regarding the items in equity section, the following disclosures are required: Numbers of shares authorized, issued and fully paid, and issued but not fully paid, Par valueof shares, Reconciliation of shares outstanding at the beginning and the end of the period, Description of rights, preferences, and restrictions of shares, Treasury shares, incl uding shares held by subsidiaries and associates, Shares reserved for issuance under options and contracts, A description of the nature and purpose of each reserve within owners' equity The last part in this essay will introduce Balance sheet substantiation. ‘Balance Sheet Substantiation is the accounting process conducted by businesses on a regular basis to confirm that the balances held in the primary accounting system of record (e. g. SAP, Oracle, other ERP system's General Ledger) are reconciled (in balance with) with the balance and transaction records held in the same or supporting sub-systems.Balance Sheet Substantiation includes multiple processes including reconciliation (at a transactional or at a balance level) of the account, a process of review of the reconciliation and any pertinent supporting documentation and a formal certification (sign-off) of the account in a predetermined form driven by corporate policy. Balance Sheet Substantiation is an important process that is typically carried out on a monthly, quarterly and year-end basis. The results help to drive the regulatory balance sheet reporting obligations of the organization. Historically, Balance Sheet Substantiation has been a wholly manual process, driven by spreadsheets, email and manual monitoring and reporting.In recent years software solutions have been developed to bring a level of process automation, standardization and enhanced control to the Balance Sheet Substantiation or account certification process. These solutions are suitable for organizations with a high volume of accounts and/or personnel involved in the Balance Sheet Substantiation process and can be used to drive efficiencies, improve transparency and help to reduce risk. Balance Sheet Substantiation is a key control process in the SOX 404 top-down risk assessment. ’[University of Victoria (Canada) balance sheet accounts] To sum up, it can be seen that the balance sheet have a lot of point, it worth to resea rch, to think deeply. The balance sheet is the first step of your accounting career, it also is the skill which will follow you whole accounting career.

Agency Report on Human Services Agency Essay

I chose to write a report about the YWCA Pierce County, located on 405 Broadway St, Tacoma Washington. The YWCA or Young Women’s Christian Association is one of the oldest and largest women’s organization in the nation, serving over 2 million women, and their families at more than 1,300 locations across the United States. The original Christian perspective is still strong in many of the national associations, but some have changed their focus to be more of a social and community based program. The YWCA Pierce County is a community leader and forerunner in domestic violence for over a century now. Established in 1906, the YWCA is has steadily expanded and enhanced a comprehensive menu of domestic violence service provision, offering clients real tools to implement change in their own lives. Their mission statement is to transform lives through safety, healing and empowerment. This is an organization that is dedicated to eliminating racism and empowering women. The YWCA P ierce County’s vision is to create a safe, just and equitable community and they do this through education and outreach by promoting peace, justice, freedom and dignity for clients from all races and walks of life. Their comprehensive Domestic Violence services that highlights intervention and prevention includes 24 hour emergency assistance (intervention hotlines), free legal services (with protection orders, as well as other criminal and civil law), immigration and safety planning, parenting plans, emergency shelter, transitional housing, case management, therapeutic services, advocacy, support groups, food, clothing and diapers, transportation, teen dating violence prevention, full interpretive services and more. There is such a great concern with the problem of domestic violence within the community as a whole. The legal definition for domestic violence as defined by the RCW 10.99 (Revised Code of Washington) is ‘crimes committed by one family member or household member against another.’ Here are the grim statistics: One in 4 women will experience DV during her lifetime. Women experience more than 4 million physical assaults and rapes because of their partners, and men are victims of nearly 3 million physical assaults. Women are more likely to be killed by an intimate partner than men. Women ages 20 to 24 are at greatest risk of becoming victims of domestic violence. Every year, 1 in 3 women who is a victim of homicide is murdered by her current or former partner. The domestic violence related offenses rates for Pierce County and Tacoma are among the highest in the  State. More troubling is the fact that the rate of DV fatalities in Pierce County far exceeds comparable counties, and it is estimated that around 10, 000 households are affected by domestic violence in any given year. The definition of a DV fatality refers to a death that arises from an abuser’s efforts to assert power and control over an intimate partner. These include all homicides in which the victim was a former or current partner of the person responsible for the homicide(s) of people other than the intimate partner that occurred in the context of intimate person violence or in the midst of a perpetrator’s attempt to kill an intimate partner. The YWCA, Pierce County serves a diverse client population. In the 2012-2013 annual report, the YWCA, Pierce County reported working with over 6,000 plus clients in some capacity and experiencing 5,473 crisis hotline calls. Providers reported from these calls, there is greater representation of clients from populations of color with the highest numbers from the African American and Hispanic communities. Additionally, the YWCA states that a higher number of clients in any given DV related program (e.g. prevention, shelter residents, etc.) are non-Caucasian. On average, clients from minority groups have limited English proficiency and some are undocumented individuals and for a few programs working in the Hispanic communities, the majority of these clients fit these characteristics. Some providers report a growing number in different populations. A number of providers state that there is an increase in the number of Latina clients served, as well as individuals with language barriers. There is also an indication of the emergence of newer ethnic populations such as Middle Eastern and East African individuals in the client population. Specific programs tend to work with some specific segments of the population. For example, the Korean Women’s Association tends to work with a high proportion of Asian Women such as Korean, Vietnamese and Cambodian clients, while organizations such as Tacoma Community House and Centro Latino deal with a larger Hispanic population. On average, it is reported that The YWCA Pierce County also has a percentage of clients from military families. The YWCA has partnered with JBLM (Joint base Lewis-McCord) to provide assistance to meet the needs for our military both on and off base. The  YWCA, Pierce County is the first organization in the county and state to also provide services that include the LGBTQ (lesbian, gay, bisexual, transgender and queer/ questioning) community. At the YWCA, no client is ever turned away. If the YWCA is unable to provide a client with a service that may be required, the organization will do their very best to provide referrals to better meet the needs o f the client or individual who is calling in. Below is a table that illustrates the services provided and the demographics of clients that are served. This data is derived from the 2012-13 Annual Report. Beginning in 2010, the YWCA Pierce County offered shelter that included private kitchens and restrooms to clients and their children. The shelter also begin to accept male clients in 2012.The shelter caters to safety, privacy, dignity and basic needs of clients for no more than 90 days. During this time in shelter, clients are able to utilize individual case management, counseling and education, children’s services, support groups and a 24 hour on-site advocacy. Having a shelter that addresses such comprehensive needs enable clients to build a foundation for lives that are void of violence. What sets the YWCA shelters apart from most communal ones is that the Indi dual apartments provide clients and their children private areas to heal, reflect and grow. Because of their pet friendly policy, the YWCA pierce County is also one of the few shelters in the country that is recognized by the American Humane Association. The 24-hour Crisis Hotline offers clients the ability to safety plan. Loved ones and friends who may be concerned for DV victims and are looking for solutions will also be provided with resources to help. Following initial screening and paperwork, the individual meets immediately with a trained advocate, who performs a needs assessment to determine which services the clients require and need. Services are client driven, which means only what the individual indicates that they are interested in. The most common immediate needs are (1) applying for protection orders and (2) shelter/housing. Subsequently, a needs and danger assessment are performed  during the time that the individual is receiving services. It is imperative to understand a little about the trajectory of services that clients seek from the YWCA. Clients may be referred from a variety of sources (i.e. law enforcement, friends, family, online searches, medical offices, mental health or substance abuse counselors, court r eferrals, CPS, etc.). The YWCA Pierce County resource center offers community members drop-in, crisis intervention that is based on site as well as referral services. Clients who call-in or walk in are able to receive assistance with referrals to programs that are available at the YWCA as well as other community resources. Clients who are victims of domestic violence are able to call the business line for free legal representation and/or advocacy. Women and their children who are seeking safety and self-reliance are given free assistance with protection orders, dissolution of marriage, parenting plans, child support, custody issues, parentage action, immigration and safety planning. There is also full interpretive services available to non-speakers of the English Language. Another notable exception about the YWCA, is besides legal advocates, this organization has a dedicated staff attorney available to provide representation in civil matters. The YWCA provides individual counseling to both adult clients and their children. This service is also made available to shelter resident, clients participating in other YWCA DV programs, as well as the general community. Weekly facilitated groups are offered to provide a means of healing and therapy for clients who are wanting to deal and overcome the abuse and trauma they have experienced. Participants are educated about the dynamics of healthy relationships and how to develop and rebuild self-esteem. Support groups occur at the same time as children’s groups to prevent childcare issues to become a possible barrier. Since relocating and expanding the shelter in 2010, the YWCA serves children throughout Pierce Country, rather than just clients from the shelter. The Children’s program equips children with tools to promote healthy relationships. Children receive food, clothing, group therapy and are taught safety planning. They are also able to participate in special events and  field trips and these robust based activities are planned specifically according to the different age groups. YWCA’S purpose here is to assist children who have been subjected to violence and trauma to be able to develop healthy minds and bodies and give them a chance at a stable childhood which would transition into adulthood. When clients and their children escape violent and abusive relationships, the biggest issues and complications faced are sudden homelessness. Family Permanency Project Housing is a long term housing program that offers families affordable housing while being supported by individual case management. Client who participate in this program are able to set and work towards goals that are specific to their individual family needs. It is estimated that violence occurs in 1 out of 5 teen relationships. The Teen Dating Violence Prevention curriculum aims to educate high school and middle school youth about the issues of power and control that could lead to abuse in relationships. The curriculum that is provided in schools around Pierce County educates youth on warning signs, safety tips and available community resources for participants. The YWCA, like most non-profit organizations derives its effectiveness through a large number of community volunteers that serve clients in a myriad of ways. These individuals who give of their resources (time, donations, money, and talent) are helping to change lives through their selfless giving. The organization partners with other agencies to provide a more comprehensive level of service to meet the needs of clients. Some of their community partners include the Tacoma Community House, Korean Women’s Association, United Way, Crystal Judson Family Center, Joint Base Lewis McChord, Exodus Housing and Sexual Assault Center of Pierce County, among others. There is a variety of cultural competence needed to serve a diverse population of clients that either call or walk in to the YWCA. Because these individuals are coming from different cultural backgrounds, they may face economic struggles, have gender identity struggles and issues, are dealing with discrimination, stress and trauma, or any other issues from the spectrum of human services conditions, the daily practice of using  culturally centered communication skills are critical to making effective interaction and assistance possible. Cultural minded helpers in any given situation will attend to the demeanor and other aspects of culture, including paying close attention to their own verbal and non- and verbal communication and being very sensitive to the needs of the clients that they interact with. There are clear challenges that emerge in working with clients who have difficulty speaking and understanding English, particularly in helping these individuals navigate the legal system and getting them connected to appropriate support resources. While some agency advocates can help with basic translation/interpretation concerns for victims in need, many comment on the additional complexity of working with these individuals, even when they share the same language. There is also the belief among providers of the need to address these barriers even at the broader community level. One sentiment is that the work with non- English English speaking client, even with an interpreter present can take more time and it is more intensive. Here it is very important to proceed through a series of steps with these individuals by being patient, non-judgmental, building trust and rapport with those from different cultural backgrounds and ethnicities. Another personal competency that should be addres sed is the ability to manage your own personal biases especially in dealing with clients who may have a completely different belief, lifestyle or sexual orientation. Because the YWCA caters to the LGBTQ community, it is very important to be particularly sensitive to this community who have experienced a great deal of discrimination, prejudices and even violent crimes because of their orientation. For the pat week, I was fortunate to be able to attend the spring 2014 Domestic Violence Victims Services Training at the YWCA, Pierce Country. This training enabled me to get a better perspective on the domestic violence issues that is plaguing the community. I learned so much about professionalism, communication, cultural competencies, and the needs of clients as well as the organization as a whole. I was deeply impressed.  One of the things that really hit me was that the Programs at the YWCA have been specifically catered to be culturally competent because of such a diverse population of clients that come through their doors every day. The staff there truly seem to care about the clients that they interact with. They take their commitment to ending domestic violence and empowering clients very seriously. The YWCA does not practice the hierarchical management system. The CEO is very caring and interacts with the staff at a very personal level. This is a dynamic group of professionals and individuals who are dedicated, possess a lot of empathy, they are conscientious, genuine and have a synergistic energy. Because most agencies will experience burn out at one time or another, it is very important to practice good self-care. The YWCA Pierce Country has a work culture within their agency that emphasizes the importance of self-care, well-being that trranslagtes positively to how they interact and take care of their clients. As I mentioned, I learned so much and developed a great deal of respect for the Director and Education manager who presented some of the classes and training material. The training manager who is also in charge of community outreach was such an inspiration to me. She has taught me that if you do not have a deeper understanding of the barriers that clients are facing, then you are not able to meet their needs in the best way possible. She goes on to say that we cannot go out into the community to provide services or training in social justice if we are not able to first examine our own motives, beliefs and biases that exist within ourselves. I hope to be able to complete my internship at the YWCA, Pierce County and perhaps accept a position in the future with this wonderful organization. I believe they have a made a deep and positive impact on my life.

Management practices-The case of global india Research Paper

Management practices-The case of global india - Research Paper Example The paper has examined the role of leaders in the Indian context and has also discussed a few case studies of some leading Indian companies. The findings are presented as a set of conclusions and reveal the gist of how Indian firms are successful and also certain disadvantages they have. The Indian economy has seen a contraction and for February, there was an overall contraction of –1.2% in the GDP for all overall economy. However, it has to be noted that the six core sectors had a growth of 2.2%. It must be reiterated that the Indian economy in the previous months for the 2008 had shown a growth of 7%. Inflation for February 2009 was at a rate of 3.45% and this actually went into a negative inflation of 1.27% in June 2009. The inflation has now climbed back to 1.2%. The fall in GDP has to be seen with the global perspective where the GDP of US, UK and Euro nations went into a recession in the later months of 2007 itself. When compared to these developed economies, the Indian economy has proved much more resilient. While there has been a certain of belt tightening in various industries and sectors, the banking sector has remained strong with no major failures of banks. Even the insurance and automotive sectors have not seen large-scale bankruptcies, job losse s and even frauds. There was one major fraud in the Indian IT industry with Satyam computers, but overall, the Indian industry has not seen frauds and disgraceful exits (FICCI, 2009). The main reason for the Indian economy to be so strong and resilient is that the core sectors have withstood the stresses of the economic recession. While exports form a major source of revenues for the IT industries, the other industries have sufficient internal demand and infrastructure industries such as steel, cement, construction have seen reductions in off take, but not a total closure. As seen in the above table, electricity, capital goods and

Securitarization of Africa Literature review Example | Topics and Well Written Essays - 250 words

Securitarization of Africa - Literature review Example r, the modern world dictates that the security of Africa take center-stage in addressing the greatest challenge of the 21st century which is global terrorism, with Africa posing a major risk to the west in this front (Abrahamsen, 2005:57). Therefore, the morality basis of acting, rather than the pure militarization approach is the focus of the Labour Party towards resolving the African problem. However, the major criticism of the securitization approach to Africa is that the African threat has not merited such emergency actions. The desirability of the securitization approach as the means of developing Africa is likely to develop the threat-vulnerability policy approach, which tends to isolate the continent from the perceived enemies (Abrahamsen, 2005:61). Thus, securitization of Africa might be both undesirable and inadequate to address the social economic problem of Africa that is characterized by underdevelopment, since the approach is merely based on the perceived relationship be tween Africa and international security problem of terrorism (Abrahamsen, 2005:75). Thus, while making an issue a security agenda can give the issue useful political priority, the future of development of Africa needs to be thought from a multiplicity of

IP SCHEME Term Paper Example | Topics and Well Written Essays - 750 words

IP SCHEME - Term Paper Example This is a critical paper that examines the way that XUMUC can efficiently network in its three branches. Technical details Expanding a network can be very challenging for any organization if proper and effective measures are not put in place. During the expansion, the organization has to decide on whether to change the whole networking structure or to continue with the previous addressing structure. Due to the networking challenges that XUMUC has and their need for change in the networking addressing to reduce the high administrative overhead and to enable the network to work efficiently, the networking structure has to be changed in this case (Plekta, 2000). To reduce high administration overhead, a client server network is necessary. This will ensure that there is only one administrator who is able to control the whole network as the other clients use the network. Since this is a wide area network, ach branch of XUMUC has to have one router which is connected to the different switc hes in the area that connects the computers in a topology that supports the client server relationship (Collins, 2003). The link of the WAN can be made by an optic fiber or a good wireless link. Since static IP addressing comes with a high administrative overhead, dynamic addressing is the best type of networking that can be effectively used in this case. In the dynamic addressing, each time a client boots, a discover message from the DHCP is automatically sent. An offer message is the answer that it receives for it to move on. In this type of IP addressing, the client automatically chooses their network without the approval of the admin. Dynamic addressing has several advantages as opposed to the static addressing. First of all, the client gets to set their own address automatically without having the administration privileges (Graham, 2001). This therefore reduces the high administration overhead that is currently present in the organization. The other major advantage is that when ever a client log in from a different location, the client is directly assigned anew IP address and can be able to access the network without any problem. However if the client returns to the previous location, then they are not able to find the previous IP address which they were using. IP addressing table Location Number of IP addresses required Address block assigned Gateway San Francisco 1290 172.16.0.0-172.16.7.255/21 157.55.27.90 Denver region 504 127.0.0.1 Denver campus 441 Remote office 1 28 Remote office 2 35 Houston region 350 157.55.27.90 Houston campus 329 Remote office 3 21 The table above represents the general IP addressing table that has been proposed for the three branches of the organization. It is however important that the network be able to accommodate changes such that whenever new users get to the system, they are able to get new IP addresses that are completely different from the ones in use. The number of IP addresses assigned in each location has to therefo re keep shifting depending on the number of users that the organization has at any given point. This ensures that the network not only functions efficiently but also be able to accommodate as many users without administration privileges. Conclusion Poor integration is a very difficult task to reverse. Due to this, XUMUC has to cover a lot of expenses so as to allow the shifting. Dynamic addressing is very convenient in this type of network since the

Critically assess the proposition that Celebrity is bad for Essay

Critically assess the proposition that Celebrity is bad for celebrities by examining (a) Michael Jackson - Essay Example Media law also binds traditional news sources to a huge extent and it is unlikely that inappropriate material could be published and broadcasted through these types of sources. The frequency at which news coverage of a particular celebrity is circulated does play a huge role on the popularity and notoriousness of the celebrity and it does help to gauge how it does affect their future performance and sustainability. (Rockwell, 2004) â€Å"A method that is exploratory and interrogative in nature and predictive in intent†. Unlike researchers and media professionals who are able to use empirical methods and experiment for generating media report, content analysts are able to analyze data, printed matter, images and sounds to understand why they are important to people and how they present the information which is conveyed to them. The core function of content analysis is extremely valuable in this context because it results in demonstrating the extent to which occurrences information regarding celebrities can be investigated. The number of instances in which a certain type of information is broadcasted can serve as an indication of how the media is able to influence the life or personalities and it also assists in recognizing and understanding their personal matter. It is also believed that the content which has been presented by commercial media does offer the most authentic and most reliable news. It is a lso a reliable source which can help to examine the effects of the media on negative and unlikely celebrity behavior. (Semuels, 2007) It is evident that entertainment and also traditional media outlets include celebrity news on their web pages. There is always a deficit between the information which could be potentially harmful information and information which is genuine and authentic. This difference may not be huge and does prove the

Knowledge Management as an Important Part in the Global Economy Essay

Knowledge Management as an Important Part in the Global Economy - Essay Example This will be followed by the current practices that are being used by employers to attract the best candidates to their firm in the first place, which will be supplemented by examples from different organizations on how they monitor employee satisfaction, assess the required parameters and implement steps to motivate and retain the employees. In the process of  determining  the means to attract employees, the specific role of the HRM departments in different companies will be identified, in ascertaining what successful measures these departments (who is they? make sure your pronoun references are clear)  implemented and how these have contributed to competitive advantage. The need and parameters that are essential for determining the characteristics pertaining to employees’ retention will be identified, i.e, ( i.e.)((is i.e. what you want here? is the meaning clear?)  high turnover of employees is damaging to a firm. The views of experts on what retention measures can be adopted by the HRM department will form the concluding and most important part of the Literature Review.  The operational procedures  determine the employee retention and attrition rates and provide insight into the factors responsible for forcing an employee to seek alternative solutions externally. The HRM departments must take these factors into consideration while devising new plans and strategies to retain employees through the use of confidence-building measures. Journal articles dealing with the subject of retention were retrieved using databases such as ProQuest and Emerald. The search terms that were used include most common words associated with employees and their satisfaction such as  Ã¢â‚¬Ëœemployee satisfaction’, ‘employee retention, ‘employee attrition’  etc. These searches elicited several journal articles that were useful in assessing the importance of retention as well as retention strategies. Additionally, several books on  Human resource management were also consulted in order to derive supporting material that could be used.  

Nursing Future Essay Example | Topics and Well Written Essays - 1000 words

Nursing Future - Essay Example Nursing varies from general nursing to nursing specialties, and after the four year course a nurse gets autonomous registration. There is scope for diversification after the basic graduate degree in the form of postgraduate courses. An interview was conducted with Dr. Llasus & Dr. Dover on topics like Nursing Faculty Teaching Expectations, Nursing Faculty Scholarship Expectations, and Future of Nursing Education. Dr.Llasus is the Assistant Dean of the School of Nursing, Nevada State College. As an Assistant Dean he performs of a multitude of functions ranging from performing regular instructional teaching duties on a half-time basis, and collaborates with the Associate Dean and to oversee the academic program and ensures quality of faculty and student support services. In addition to these, Dr.Llasus coordinates courses and faculty to promote communication and consistency in meeting School of Nursing policies and procedures. He provides leadership in curriculum and course development , orients new faculty to the SON, and connects faculty with Course Coordinator or Mentor for course orientation. He conducts orientation for new students and prepares program-specific materials, leads orientation program for each upcoming semester, schedules and leads make-up orientations. He organizes Semester Faculty Meetings, schedules and attends meetings for assigned curriculum tracks, mediates student and faculty issues and problems, follows â€Å"chain of command† in BSN Student Handbook, Performs peer evaluation of faculty by visiting classes and reviews clinical site evaluations by faculty and students, recommends new clinical contracts, prepares student cohort numbers and availability in each cohort, prepares records of students going forward for Reinstatement. Apart from the above said duties as an Assistant, Dean Dr. Llasus shoulders the following general duties such as ATI Assessments (Regular, Accelerated and Part-time Tracks), sets up ATI semester fees/deadline s ,schedules ATI make-up tests at end of semester, collects end of semester ATI exam, analyses from faculty and post on X drive, CSCLV,CSCLV skills lab & room, schedules for upcoming semester, CSCLV simulation schedules for upcoming semester, arranges for Marlock keys and parking information, end of semester scheduling of simulations for clinical make-up, class schedules for upcoming semester--working with the Dean and Associate Dean. Dr. Cheryl Dover is the Program Chair of Nursing Department, Prince George's Community College, Maryland. He performs the following duties like scheduling all classes, appointment of classes, supervising day to day activities like budgets, grants, Committee activities, Faculty/student issues etc. Nursing Faculty Teaching Expectations Dr.Llasus explains the tenure track of Assistant professor Post and explains the responsibilities of an Assistant professor. According to him, Assistant Professors shall be appointed to the School of Nursing upon recommend ation of the nursing faculty and the Dean of the School of Nursing. They shall hold an advanced degree in nursing and a doctorate. The responsibilities of an Assistant Professor are in accordance with college by laws. The position of Assistant Professor shall be primarily that of nursing faculty who teaches nursing courses under policy determined by the Faculty of the College, consistent with College-wide academic policy. An Assistant Professors shall aid in the planning, development, and teaching of nursing

Philadelphia Fight Organization Assignment Example | Topics and Well Written Essays - 1000 words

Philadelphia Fight Organization - Assignment Example Besides just being concerned with the development of research and treatments, the organization provides a home to prevention, education and providing more information services concerning the disease. It has AIDS library and carry out a number of projects which are related to the disease as well as activism in combating the disease (Philadelphia Fight Organization, 2012). The organization is not big enough and it has its operations centered at Philadelphia where it provides the free services to the affected. The organization being a charitable and non profit organization, its hands are tied and can not get involved to activities which can make it get income. This has made the organization to depend entirely on the services of the volunteers which to a certain extent has some challenges. The reliance of the organization to volunteers has made it not to have clear human resource policies making it have challenges when it comes to human resource developments. The staffs do not undergo th orough recruitment since there is lack of money to pay the well qualified personnel. This has been the big challenge that the organization has been experiencing since its inception. The major legal concern of the organization is how to get justice done for the HIV/AIDS victims as many of them are suffering as a result of actions which were beyond them. Some of the victims of HIV they are working with were subjected to that status as result of rape by gangs which were beyond the patient’s control. The organization finds it challenging to get justice for these victims owing to the nature of events which is very difficult to follow. Similarly, the organization lacks the professionalism in dealing with legal challenges affecting the organization as many of the staffs are from medical field and don’t know more about law. This has rendered a legal challenge which the organization has to deal with in attempts to promote justice (Philadelphia Fight Organization, 2012). The org anization can competently deal with these legal concerns through setting a separate entity of staffs which deals with legal matters. This will help in dealing with the legal concerns which will see justice done to the patients who felt victims as a result of actions which were beyond their control. For this exercise to be effective, the organization needs to get experts through recruitment of staffs that can diligently deal with these issues and solve them. It also requires the organization to have money which will be used in recruiting staffs who will be addressing legal issues which are concern to the organization. Addressing legal concern which affects the employees needs experts hence this can only be dealt with through recruiting those suitable for it. The organizations need to take a number of actions into consideration in order to expand into other markets in the international arena. The organization needs to embark on the qualified staffs within its department’s in or der to get good and efficient services. This can begin from recruiting and training of staffs responsible for the human resource in order to equip them with the task they will be carrying out. Training of the staffs will also increase the competency among the human resource personnel which will intern be reflected to other departments resulting to quality of services being rendered by the organization. When the staffs are equipped more so