Auditing process Case Study Example | Topics and Well Written Essays - 2000 words

Evaluating process - Case Study Example This sort of hazard is known as commitment chance. The probabilities of various misfortune or harms that can be caused because of this kind of hazard can be a money related misfortune, loss of notoriety, and at last prompting the destruction of the review ranch. Commitment dangers can additionally be partitioned into three sorts of dangers, to be specific 1) Client’s business dangers, 2) Auditor’s business hazard and 3) Audit chance. In the refered to instance of Aerospace Lighting Inc. (ALI) there are a few review issues identified with commitment dangers. Each one of those review issues engaged with ALI and its effect on the budget summaries and the review procedure have been talked about here. ALI is a Chicago based organization which is engaged with the matter of giving lodge lighting framework to its customers in aeronautic trade. There has been a change in ALI’s business system and its outside reviewers. This examination involves about the distinctive busin ess dangers related with ALI and the comparing review issues. Customer Business Risks Business hazard can be characterized as the likelihood that a given organization will make less benefit than what has been envisioned or there is a likelihood that the organization will make a misfortune rather than benefit. A few elements impact business dangers, similar to cost of data sources, volume of deals, cost per unit, government approaches et cetera. The legitimacy of things in budget summaries of an organization can be assessed by a reviewer dependent on specific variables. They are: information on business dangers related with the business exercises followed by the customer, structure of the association, inner and outside condition of the business concern and the communications between them (Bell et al. 1). Business chance philosophy of review process incorporates a portion of the accompanying key focuses: 1) Developing a comprehension about the procedure of hazard the board in the asso ciation. 2) Developing a comprehension about the dangers associated with the matter of the association. 3) The dangers which are distinguished give a thought regarding its normal effect on the fiscal summaries. 4) Assessment of the control framework about how much effectively it oversees chance (Rittenberg 121-123). In ALI’s case, different elements which affect client’s business dangers can be partitioned into three headings, in particular administration, substance and industry. A survey of the past auditor’s report and perspectives on the Chief Financial Officer (CFO) are accessible and can be utilized as acceptable review proof. CAS 620 identifies with the choice of an examiner to utilize crafted by an auditor’s master. CAS 500 gives the fundamental necessities and direction to reviewers in regards to review proof. Expert exhortation is likewise a decent choice for this situation which is clarified in CAS 220 (Financial Reporting and Assurance Standard s Canada 1-8). Thus, in regards to client’s business dangers, following confirmations can be considered just like the business dangers associated with ALI: 1) Management: Firstly, in regards to the board of ALI, its uprightness is the key. Certain proof that ALI isn't faithful to its parent German organization named BmG can be deduced from the case. ALI’s the board is just worried about the budgetary exhibition of the organization. While accomplishing its monetary objective, ALI requires a procedure including quick development of the organization. ALI isn't worried much about announcing BmG in regards to the methods received by them to accomplish its objective. Here falsehoods the business hazard in the piece of ALI’s the executives. There is a high likelihood that ALI can reestablish to out of line

United States went into its first Asian war in the Philippines

In 1899 the United States went into its first Asian war in the Philippines. From that point on there were others against Japan, North Korea and china. The war was pursued against Spain and in it, Spain had to surrender the colony.The clarification was given by president McKinley as having been roused by a longing to give training to local people. The crucial included the human advancement and Christianization of the Filipinos as individual siblings and sisters in Christ.This was a falsehood. The genuine explanation behind the procurement was the ascent of radical feeling among the decision tip top. This was motivated by a need to incorporate the United States among the club of world’s incredible powers.The challenge that emerged after the war was that the Philippine autonomy pioneers expected to gain their freedom. America on its part was in a manner looking to supplant Spain’s position.This would prompt a war against the Filipinos whom they had bolstered. America had i n this manner authoritatively entered the alliance of imperialists.There was simultaneously the ascent of against government advocates in the United States. These got assurance from the records of troopers who were battling abroad through letters composed back home.These portrayed the frightful exercises that the officers were associated with for example slaughters. The Americans’ direct wound up looking more terrible than the Spaniards had.The American individuals began altering their perspectives on the war. Before the finish of the war in 1901 America could be included as a magnificent force in Asia. It is as of now that the open entryway strategy was declared.As starting here on, the US began getting progressively engaged with world issues. There was the commitment of troops to china to battle patriots over there.From this point the us started sending its naval force to another country in order to declare its situation as another force. It was additionally starting here t hat the administration started including itself in advancement of American speculation abroad. Outside exchange likewise started being advanced in manners never observed. Abroad speculation and outside exchange were additionally promoted.Upon the death of President McKinley in 1901, there was the ascent of Theodore Roosevelt, a submitted radical. He supported a major armed force and naval force. He additionally consistently harped on resident obligations to the state as opposed to human rights. Roosevelt was a challenging and ardent in the quest for American intrigue. There was the conviction that the United States had the job of sparing the world.In the late 1920’s the administration had a test. What's more toâ  The president additionally needed to manage various significant international strategy issues. There were transformations in South America. The financial circumstance made significant issues in America's relations with Europe. What's more, Japan propelled a crusa de of animosity in northeastern China.Hoover flopped in his endeavors to fathom America's monetary difficulties. Be that as it may, as we will find in our program today, he succeeded with a portion of his international strategies. He and most different Americans, be that as it may, would neglect to comprehend the drawn out significance of the powers picking up control in Germany and Japan.VOICE TWO:Herbert Hoover's international strategies were set apart by his longing to make companions and stay away from war.Like most Americans, the new president had been stunned by World War One. Hoover had seen the aftereffects of that horrible war with his own eyes. He drove the worldwide exertion to take care of the numerous European non military personnel survivors of the battling. What's more, the new president was an individual from the Quaker strict gathering that generally restricts outfitted conflict.Hoover shared the desire of most Americans that the world could never again battle a sig nificant war. He felt the ridiculous bodies at Verdun, the Marne, and different combat zones of World War One demonstrated that contention ought to be settled by serene negotiations.VOICE ONE:Hoover moved in the direction of this objective even before he entered the White House.Following his political race, he had a while free before turning out to be president. Hoover utilized this period to make a trip to Latin America for ten weeks. He needed to show Latin American countries that they could confide in the United States to respect their privileges as autonomous countries.

Should Canadian Teenagers be Allowed to Work before Turning 18? Essay

Today our theme is Canadian young people shouldn't be permitted to work before 18 years of age .UNICEF characterizes youngster work as, â€Å"work that surpasses a base number of hours, contingent upon the age of a kid and on the sort of work. Such work is viewed as hurtful to the youngster and ought to in this way be eliminated.†But in 21thcentury, the allurement increment, combined with the impact of the mindset, More and more adolescents surrender study to find a new line of work. As of late the issue of kid work in Canada has excited individuals' anxiety. Young people surrender study to find a new line of work has brought a great deal of advantages however has made some significant issues too. These days Child work in Canada has become an issue a difficult we need to confront. We accepted that Canadian young people shouldn't permit to find a new line of work before 18 years of age. In any case, Study is the most significant thing. In any case, on the off chance that we get a new line of work, we can't get great instruction. On the off chance that youngsters miss school and the correct instruction that could empower them to secure better-paid positions in their grown-up lives. Likewise under similar conditions, the organization will typically favored experienced understudies, I am very contend that in that the present society, the organization is need thorough abilities, yet complete ability is based on proficient information. Also, the experience of you wash the dishes, coaching, server, It may not the organization need . From the purpose of the sort of employment for young people, They are consistently hand out pamphlets, the server, advertisers and guide. Be that as it may, on the off potential for success that I was having in the other debater's perspective, Find an occupation is to get social experience, yet these activity's ability can likewise get in seco ndary school or college 's movement. Increasingly significant is these works are not related with expert and future employm... ...me of we study. Almost certainly Canadian young people shouldn't be permitted to work before 18 years of age. Early get a new line of work is terrible for kids, It can let them have awful sentiment for cash. Let them think cash is unreasonably significant for them. They need to get more cash, yet work in café or some little places can't get an excess of cash, so they secure terrible position, Child prostitution is the most issues. At the point when we hear youngster prostitution, numerous individuals consider sex the travel industry in Thailand, But Actually would it be able to be found in each nation. Kid prostitution is the business sexual abuse of youngsters in which a kid plays out the administrations of prostitution. They sell their bodies in the city or in condos. Youthful young people don't have right thought of cash, More and more adolescents surrender study to do this terrible occupation. It is critical that prompt measures ought to be taken to stop the circumstance.

Diagnostic Study For The Uptake Of Group Life Insurance By SMEs - 4950 Words

Diagnostic Study For The Uptake Of Group Life Insurance By SMEs (Research Paper Sample) Content: Table of Contents TOC \o "1-3" \h \z \u Background PAGEREF _Toc496516417 \h 2Justification of the study PAGEREF _Toc496516418 \h 3Research objectives PAGEREF _Toc496516419 \h 4Research questions PAGEREF _Toc496516420 \h 4Research approach PAGEREF _Toc496516421 \h 6Target PAGEREF _Toc496516422 \h 6Data Collection PAGEREF _Toc496516423 \h Error! Bookmark not defined.Population of the study PAGEREF _Toc496516424 \h 6Population: PAGEREF _Toc496516425 \h 6Scope PAGEREF _Toc496516426 \h 7Data Collection PAGEREF _Toc496516427 \h 8Data analysis PAGEREF _Toc496516428 \h 9BackgroundSmall-Medium Enterprises (SMEs) are classified by their size which includes employee head-count, assets, and financial turnover that is below certain limits. SMEs form the lifeblood of a majority of developing (and also developed) economies, enabling faster growth and economic stability. They are considered as key engines of growth and essential for efficient and competitive markets as well as key cr eators of jobs. SMEs play a crucial part in complementing large organizations in many ways. Rough estimates show that SMEs account for around 95% of global businesses and contribute approximately 40% of GDP.According to Kenya Revenue Authority (2007), a business enterprise that employs between 10-49 and 50-99 people is considered as Small and Medium Enterprise respectively. Further, KRA (2007) noted that Small and Medium manufacturing enterprises in Kenyas manufacturing sector are defined as enterprises with fulltime employees not exceeding 100 or annual sales turnover not exceeding Kshs. 150 million.The Kenya government has on the other hand defined an SME formally registered business with between 1 to 150 employees and has a turnover of between 8 to 100 million Kenyan Shillings.The Micro and Small Enterprises (MSEs) sector plays a significant role in the Kenyan Economy. It creates employment, contributes to the Gross Domestic Product, enhances the supply chain of products and has the potential for innovations. According to the Kenya Economic Survey (2012), in 2011 the informal sector constituted 80.8% of total employment and created an additional 445,000 jobs. Given the importance the SMEs play in the economy, they are a key entry point to enhancing financial access and inclusion. As identified in the Kenya Vision 2030, efforts should be put in place to improve the financial services that would improve access by informal businesses, SMEs, youth and women groups and different categories of entrepreneurs. For significant growth to be realized nationally and in the insurance sector, there is need for an enabling environment to be created in terms of changing behavior of economic agents such as MSEs to in a more productive way contribute to prevention of risk occurrence, improved outcomes and efficiency gains in their operations. SMEs just like big corporations need to manage the risks of their employees while in their line of duty. Therefore, Group Life insura nce cover is as important to SMEs as is to big corporations. Life insurance has long been a central component of most employee benefit plans. However, with the growing expense and complexity of employer-provided health care, many organizations have focused in recent years on reducing the cost of their GLI, paying little time or attention to other strategies that can create value from those plans for both employers and employees (John L. Ehrlich). According to IRA reports, the number of insurance companies providing Group Life Insurance (GLI) in Kenya has slightly grown in the past 5 years from 22 in 2010 to 25 in 2014 with total premium of Ksh. 50,034,631 billion. Growth in GLI can be realized if SMEs insure their employees given their numbers.Group life insurance uptake by the SMEs employees is at a very low level. It is with this in mind that IRA would like to come up with practical steps to cover the Small and medium-scale enterprises (SMEs) by identifying the challenges preventi ng uptake of group life insurance among SMEs and identifying how to work on them.Justification of the studyThe research will be conducted in order to provide solutions to the low uptake of group life by SMEs considering the factors listed below:Awareness Activities: The research will provide the information needed to facilitate the implementation of changes that will promote broad insurance awareness to the Small and medium-scale enterprises (SMEs).Distribution channels: Enlighten members (insurance companies) on the best practices and methods of distributing group life insurance products to the Small and medium-scale enterprises (SMEs).Insurance Products: Provide information helpful in designing of products that best suits the needs of Small and medium-scale enterprises (SMEs).Locating SMEs: Provide practical and effective ways of getting SMEs contact details forResearch objectivesThe main objective of the study is to obtain information to guide the development of strategies to gro w Group Life insurance among SMEs. Specifically; * Benchmark the practice of Group Life Insurance for SMEs in other jurisdictions * Establish the factors that determine provision of Group Life Insurance by SMEs for their employees * Establish challenges faced in providing Group life insurance both by SMEs employers and insurance companiesResearch questions 1 Do insurance underwriters have a specific value proposition for smes? 2 Do insurance underwriters have differentiated products for SMEs? 3 Do insurance underwriters treat SMEs and corporate alike with group life scheme? 4 Do insurance underwriters have a dedicated delivery channel for SMEs? 5 Are existing group life products sufficient in addressing needs for SMEs? 6 What are the factors that influence the provision of group life insurance by SMEs for their employees? 7 What are the biggest challenges facing SMEs, Employers and insurance companies in providing Group Life Insurance products to employees? 8 What principle factors do people in formal employment consider when adopting a life insurance policy?Key information areasBenchmark the practice of Group Life Insurance for SMEs in other jurisdictions Benchmark efforts and emerging trends from other parts of the world with regards to promotional efforts; awareness and education campaigns, distribution channels and Group life insurance characteristics, and present regulations and legislation to govern group life insurance Find out the challenges that are inhibiting the uptake of group life insurance by SMEs in other parts of the world Benchmark existing distribution channels and identify the right channels to reach SMEs Establish the factors that determine provision of Group Life Insurance by SMEs for their employees Identify existing benefit programs offered by SMEs to their employees relating to group life insurance Identify group life insurance awareness amongst SMEs Indetify key factors that would determine the decision to take up group life insura nce and what are the key things that would influence the uptake of GLI Establish challenges faced in providing Group life insurance both by SMEs employers and insurance companies Investigate the awareness and educational campaigns programs targeting SMEs Identify the factors that influence the acquiring of GLI by SMEs and the factors that Insurance underwriters face in their efforts to provide GLI to SMEs. Investigate the GLI offerings in the market targeting SMEs. Research approachTargetThe research will target SMES. Although SMEs are defined as businesses that employ between 10 - 99 and have an annual sales turnover not exceeding Kshs. 150 million, only SMEs with high likelihood of purchasing group life will be interviewed in this survey. This implies that the survey will use judgmental sampling in selecting the SMEs to be interviewed. Only SMEs that currently employ a minimum of 10 employees on permanent or contract basis shall be considered. The SMEs will further be categorize d into various sectors namely: transport, manufacturing, hotels/ real estate, agriculture, education, trade, communication, construction, tourism, energy, finance etc.The study will adopt a descriptive and cross-sectional survey research design. Cooper and Schindler (2003), define descriptive survey as being concerned with finding out who, what, where, when and how variables. Cross-sectional studies form a class of research methods that involve observation of all of a population, or a representative subset, at one specific point in time.Cross-sectional studiesare simple in design and are aimed at finding out the prevalence of a phenomenon, problem, attitude or issue by taking a snap-shot or cross-section of the population. This obtains an overall picture as it stands at the time of the study.This study will utilize a mix of the descriptive research design and the cross-sectional research design. as it will allow the use of the findings of the study, as a general reflection of the la rger population.Population of the studyPopulation:Cooper and Schindler (2001) define population as the total collection of elements about which we wish to make some inferences. The population of this study is drawn from the total population of SMEs with at least 10 permanent employees in seven industrial towns around the country which is estimated to be 10000.The proposed quantitative sample for this survey is 330 SMEs. The sample size for in-depth interviews will on the other hand be ...

The Flag of the United States of Mexico

There have been a few looks for the flag of Mexico since its independence from Spanish rule in 1821, but its overall look has remained the same: green, white and red and a coat of arms in the center that is a nod to the Aztec Empires capital of Tenochtitlan, formerly based in Mexico City in 1325. The flag colors are the same colors of the national liberation army in Mexico. Visual Description The Mexican flag is a rectangle with three vertical stripes: green, white and red from left to right. The stripes are of equal width. In the center of the flag is a design of an eagle, perched on a cactus, eating a snake. The cactus in on an island in a lake, and beneath is a garland of green leaves and a red, white and green ribbon. Without the coat of arms, the Mexican flag looks like the Italian flag, with the same colors in the same order, although the Mexican flag is longer and the colors are a darker shade. History of the Flag The national liberation army, known as the Army of the Three Guarantees, officially formed after the struggle for independence. Their flag was white, green and red with three yellow stars. The first flag of the new Mexican republic was modified from the armys flag. The first Mexican flag is similar to the one used today, but the eagle is not shown with a snake, instead, it is wearing a crown. In 1823, the design was modified to include the snake, although the eagle was in a different pose, facing the other direction. It underwent minor changes in 1916 and 1934 before the current version was officially adopted in 1968. Flag of the Second Empire Since independence, only on one occasion has the Mexican flag undergone a drastic revision. In 1864, for three years, Mexico was ruled by Maximilian of Austria, a European nobleman imposed as the emperor of Mexico by France. He redesigned the flag. The colors stayed the same, but golden royal eagles were put in each corner, and the coat of arms was framed by two golden griffins and included the phrase Equidad en la Justicia, meaning  Equity in Justice.† When Maximilian was deposed and killed in 1867, the old flag was restored. Symbolism of the Colors When the flag was first adopted, the green symbolically stood for independence from Spain, the white for Catholicism and the red for unity. During the secular presidency of Benito Juarez, the meanings were changed to mean green for hope, white for unity and red for the spilled blood of fallen national heroes. These meanings are known by tradition, nowhere in Mexican law or in the documentation does it clearly state the official symbolism of the colors. Symbolism of the Coat of Arms The eagle, snake, and cactus refer back to an old Aztec legend. The Aztecs were a nomadic tribe in northern Mexico who followed a prophecy that they should make their home where they saw an eagle perched on a cactus while eating a snake. They wandered until they came to a lake, formerly Lake Texcoco, in central Mexico, where they saw the eagle and founded what would become the mighty city of Tenochtitlà ¡n, now Mexico City. After the Spanish conquest of the Aztec Empire, Lake Texcoco was drained by the Spanish in an effort to control continuous lake flooding. Flag Protocol February 24 is Flag Day in Mexico, celebrating the day in 1821 when different rebel armies joined together to secure independence from Spain. When the national anthem is played, Mexicans must salute the flag by holding their right hand, palm down, over their heart. Like other national flags, it may be flown at half-staff in official mourning upon the death of someone important. Importance of the Flag As people from other nations, Mexicans are very proud of their flag and like to show it off. Many private individuals or companies will fly them proudly. In 1999, President Ernesto Zedillo commissioned giant flags for several important historical sites. These banderas monumentales or â€Å"monumental banners† can be seen for miles and were so popular that several state and local governments made their own. In 2007, Paulina Rubio, a famous Mexican singer, actress, TV hostess, and model, appeared in a magazine photoshoot wearing only a Mexican flag. It created quite the controversy, although she later said that she meant no offense and apologized if her actions were viewed as a sign of disrespect of the flag.

My Last Duchess Character Analysis - 897 Words

In the short poem My Last Duchess, the author Robert Browning starts the story with the Duke introducing his pitch to one of his servants to let him marry the servant’s daughter. The duke later takes the servant upstairs and shows him around his prized possession art gallery. The duke finally proceeded onto his prize possession onto to which was a portrait of his ex-wife; he then started to describe to him what his ex-wife was like and he started to get very worked up and angry. He rambled on about his ex for the majority of the poem and then finally brought the servant back down stairs and escorted him out. In the poem â€Å"My Last Duchess† by Robert Browning, the author illustrates the Duke’s jealousy because he could not take his Duchess†¦show more content†¦Throughout the poem the Duke took the Duchess behavior as if she was doing all these actions on purpose to make the Duke mad. He took this as she was trying to react rebellious towards the Duke. When really this was just her easy going and joyful personality. As said best here, â€Å"such stuff Was courtesy, she thought, and cause enough For calling up that spot of joy.† (Browning19-21) The duke would take these such acts as rebellious voluntary acts. He concinved himseld that his duchess blushed on command and could do it as a choice. Also that she was trying to get at him and this drove him to be very jealous. â€Å"We learn, as the duchess cannot but as the envoy must, that being a paragon requires good form ant] no distractions.†(Dupras) The author depicting My Last Duchess is reffering to the Duke needing the Duchess undivided attention on him at all times. There can not be no any free time for the Duchess, ALL DUKE ALL THE TIME!!! The Duke had a very imaginery mind and could convince himself almost anything. He was convinced that his ex wife was capable and was having affairs with other men. When he would see her interact with other guys, he would be convinced that she really was cheating on him. This spoken of while the painter and Duchess had a conversation, â€Å"perhaps Frà   Pandolf chanced to say, Her mantle laps Over my lady’s wrist too much, or Paint Must never hope to reproduce the faintShow MoreRelatedCharacter Analysis Of Robert Brownings My Last Duchess794 Words   |  4 Pagesinnocent crimes. And yet he is strikingly charming, both in his use of language and his genial speech. A remarkably immoral man nevertheless has a sense of beauty and of how to reel in his listener. In the dramatic monologue My Last Duchess by Robert Browning we see the grim character of the Duke that hides behind his charm and power. The Dukes extreme demand for control comes across as his most noteworthy characteristic. The obvious manifestation of this is not only the murder of his wife but alsoRead MoreAnalysis of the Setting in My Last Duchess and Dover Beach Essay669 Words   |  3 PagesAnalysis of the Setting in My Last Duchess and Dover Beach At first glance the setting of a poem is the psychological and physiological environment in which the story takes place. In some instances, the setting is used to develop the characters. Robert Browning and Matthew Arnold use the setting to expose their character traits. My Last Duchess and Dover Beach, respectively, portray the weaknesses of the characters using elements from the setting. The text, page 629 and 630, tells us thatRead MoreMy Last Duchess By Robert Browning Essay1058 Words   |  5 PagesMy last duchess by Robert Browning Quote Analysis My Last Duchess by Robert Browning is a mysterious monologue about a duke who is showing a portrait of his former wife or last duchess to a visitor at his palace. While showing this portrait of his former wife, the duke begins to demean the duchess character and their life together. Although the duke is very well spoken and chooses his words carefully as he describes the duchess, he ends up reveling more about himself than his last duchess. By doingRead MorePorphyrias Lover And My Last Duchess Comparison789 Words   |  4 PagesBrownings Porphyrias Lover and My Last Duchess (An Analysis of Comparing and Contrasting Brownings poems called Porphyrias Lover and My Last Duchess) Robert Browning was a Victorian poet. He portrayed an understanding of gender rules in his poems. Browning’s poems are similar to a puzzle, which makes the reader have to figure out what is really being said in the poem. Browning wrote two famous dramatic monologue poems called Porphyrias Lover and My Last Duchess. His poems create a high intensityRead MoreRobert Browning and the Dramatic Monologue1390 Words   |  6 Pagesworks of Robert Browning. I. Brief overview of Browning A. Greatest Poet B. Family Life II. Brief overview of My Last Duchess A. Descriptive adjectives B. Cause for death C. Description of his wife III. Definition of Dramatic Monologue IV. Comments by Glenn Everett A. Point of View B. Tone C. Audience Imagination V. Comments by Terry Bohannon A. No Christianity B. Evil Characters Robert Browning and the Dramatic Monologue Robert Browning, one of the greatest poets of his literary periodRead More Comparing the Male Characters of Porphyria’s Lover and My Last Duchess1720 Words   |  7 PagesComparing the Male Characters of Porphyria’s Lover and My Last Duchess The creation of a plausible character within literature is one of the most difficult challenges to a writer, and development to a level at which the reader identifies with them can take a long time. However, through the masterful use of poetic devices and language Browning is able to create two living and breathing characters in sixty or less lines. When one examines these works one has to that they are quite the achievementsRead MoreSimilarities Between My Last Duchess And Porphyrias Lover1113 Words   |  5 PagesTrue Love (A Discussion on Robert Brownings My Last Duchess and Porphyria’s Lover.) Robert Browning wrote many amazing dramatic monologues during his time in the 1800’s. â€Å"The English poet Robert Browning (1812-1889) is best known for his dramatic monologues. By vividly portraying a central character against a social background, these poems probed complex human motives in a variety of historical periods†(Gale). Browning was super influential with his monologues during the Victorian period and evenRead More Analysis of My Last Duchess by Robert Browning Essay examples1222 Words   |  5 Pages Analysis of My Last Duchess by Robert Browning Murder mystery intrigue. All describe Robert Brownings poem, My Last Duchess. From the speakers indirect allusions to the death of his wife the reader might easily think that the speaker committed a vengeful crime out of jealousy. His flowery speech confuses and disguises any possible motives, however, and the mystery is left unsolved. The poem is a great example of dramatic dialogue, a poetic form used to narrate and dramatize. It consistsRead MoreIncident by Countee Cullen1369 Words   |  5 Pages The poem, â€Å"Incident† is a part of Cullens book called Color, which clearly portrays the racism shown among the blacks, even among the children. The transition from innocence to experience may also be seen in the poem My Last Duchess by Robert Browning. It starts off with the innocence of a young child most likely riding on a subway who makes eye contact with another young boy on the same car. Though neither is described to be older or smaller than the other boy. Cullen goes on to say that fromRead MoreSummary Of My Last Duchess By Robert Browning1164 Words   |  5 PagesKendra Collins English 2116 Professor Newberry 13 February 2017 A Reader’s Guide to Robert Browning â€Å"My Last Duchess† Title and Author Robert browning was born on May 7,1817 in Camberwell, England. To and accomplished pianist and a bank clerk. It is said by the age of five he was already proficient of writing and reading. At the age of twelve he wrote a volume of Byronic verse entitled Incondita, which his parents attempted to have published. By thirteen birthday Browning had received the rest of

Strategic Management Multi Perspective Approach

Question: Discuss about the Strategic Management for Multi Perspective Approach. Answer: Introduction This study deals with analyzing the concept of management accounting in recent era of accounting field (Webster, 2016). In this particular assignment, emphasis has been given on the accounting operations handled by a company named as Parker Limited. In the recent accounting scenario, it has been observed that most of the accounting researchers had differentiated the accounting standards in unique accounting systems based on the use of accounting methods. The current segment elucidates usage of accounting method by applying accounting systems (Senthilkumar, Maruthamuthu and Kannaiah, 2014). This act provides help to the potential users for ascertaining the cost of any given product. This will be even used for making the computation of profits and getting accurate results at the same time. In this study, analysis has been done for the company named as Parker Limited who manufactures as well as sell pen and pencil sets (Kamala et al. 2015). This company received positive feedback from t he customers and decided in selling their products in the foreign markets. The main purpose of the report is bringing out the actual potentially of the offers and plans of Parker Limited. This can be done by calculating cost and profit by way of using cost accounting techniques (Kaplan and Atkinson, 2015). Computation of Current Net Monthly Profit Calculation of Monthly Profit Particulars Unit Cost per Unit Total Amount Monthly Sales Revenue 10000 $7.50 $75,000 Manufacturing Costs: Direct Material 10000 $1.00 $10,000 Direct Labor 10000 $1.20 $12,000 Variable Overhead 10000 $0.80 $8,000 Fixed Overhead 10000 $1.00 $10,000 Total Manufacturing Costs 10000 $4.00 $40,000 Marketing Costs: Variable Marketing Costs 10000 $1.50 $15,000 Fixed Marketing Costs 10000 $1.50 $15,000 Total Marketing Costs 10000 $3.00 $30,000 Total Cost of Goods Sold 10000 $7.00 $70,000 Monthly Net Profit 10000 $0.50 $5,000 Table: Computation of Net Monthly Profit (Source: Created by Author) From the above table, calculation is made for understanding net monthly profit for Parker Limited (Groot and Selto, 2013). Addition to that, it helps in ascertaining the current cost structure as well as net monthly profit for augmenting the other offers. Therefore, current production cost of Parker Limited has been calculated for estimating their net monthly profit for a given financial year (Drury, 2013). Recommended Offers from Educational Institutions Calculation of Monthly Profit Particulars Unit Cost per Unit Total Amount Normal Monthly Sales 10000 7.5 75000 Order from Educational Institution 2000 5.5 11000 Monthly Sales Revenue 12000 $7.17 86000 Manufacturing Costs: Direct Material 12000 $1.00 $12,000 Direct Labor 12000 $1.20 $14,400 Variable Overhead 12000 $0.80 $9,600 Cost of Logo Inscribtion 2000 $0.60 $1,200 Fixed Overhead 12000 $0.83 $10,000 Total Manufacturing Costs 12000 $3.93 $47,200 Marketing Costs: Variable Marketing Costs 12000 $1.50 $18,000 Fixed Marketing Costs 12000 $1.25 $15,000 Total Marketing Costs 12000 $2.75 $33,000 Total Cost of Goods Sold 12000 $6.68 $80,200 Monthly Net Profit 12000 $0.48 $5,800 Table: Calculation of Monthly Profit (Source: Created by Author) The above table indicates calculated done for the monthly set and offers taken from educational institutions (Balakrishnan, Labro and Soderstrom, 2014). Addition to that, it has been explained if Parker Limited will be accepting the offer from educational institutions for making the supply of 2000 sets at the rate of $ 5.5 per set for calculating monthly set (Ambrosini, Jenkins and Mowbray, 2015). In case the offer gets accepted, then the total monthly net profit will fall by $ 0.02 per set (Ambrosini, Jenkins and Mowbray, 2015). By this, it is recommended that Parker Limited should not accept the offer based on profitability aspect. Profitability aspects are not the sole aspect that needs to be evaluated at the time of undertaking business decisions. It is for this reason why Parker Limited should take into consideration other essential factors like cash inflows as well as production cost per set (Balakrishnan, Labro and Soderstrom, 2014). All the major aspects need to be taken into consideration that will guide company at the time of making financial decisions in the near future. At the time of accepting the offer, it is recommended that Parker Limited should reduce the cost of goods sold per set (Senthilkumar, Maruthamuthu and Kannaiah, 2014). Addition to that, this will help Parker Limited in generating high amount of cash inflow by way of gaining higher net profit in the upcoming financial year. Therefore, it is essential for considering the other factors that the company will identify while accepting the offer (Balakrishnan, Labro and Soderstrom, 2014). Each of the factor should be taken into consideration if the company required accepting the offer for given period of time. Profitability of Long-term Government Calculation of Monthly Profit Particulars Unit Cost per Unit Total Amount Normal Monthly Sales 10000 $7.50 75000 Order from Educational Institution 5000 $4.00 20000 Monthly Sales Revenue 15000 $6.33 95000 Manufacturing Costs: Direct Material 15000 $1.00 $15,000 Direct Labor 15000 $1.20 $18,000 Variable Overhead 15000 $0.80 $12,000 Fixed Overhead 15000 $0.67 $10,000 Total Manufacturing Costs 15000 $3.67 $55,000 Marketing Costs: Variable Marketing Costs 15000 $1.50 $22,500 Fixed Marketing Costs 15000 $1.00 $15,000 Total Marketing Costs 15000 $2.50 $37,500 Total Cost of Goods Sold 15000 $6.17 $92,500 Monthly Net Profit 15000 $0.17 $2,500 Table: Calculation of Monthly Profit (Source: Created by Author) The above table shows the calculation of net monthly profit. It happen in a situation when Parker Limited will be accepting the long-term government contract for rendering 5000 sets at the rate of $ 4.00 per set (Balakrishnan, Labro and Soderstrom, 2014). Certain aspects should be taken into consideration that will enable understanding the aspect of long-term government contract with particular price structure. It is thereby important for the company in making innovative ways for generating revenues for a given financial year. Parker Limited will earn only $ 2500 as total profit as well as profit per set of $ 0.17 (Balakrishnan, Labro and Soderstrom, 2014). Addition to that, Parker Limited will be generating very low amount of profit by way of accepting an offer. This is based upon total profit volume as well as profit per set. Therefore, Parker Limited will get $ 4000 in advance for every month. These particular aspects will be helpful for Parker Limited as they have issue with shortage of cash. Parker Limited is not suffering to any of the above-mentioned issues, so it is advisable to the company in rejecting the offer (Ambrosini, Jenkins and Mowbray, 2015). Rejecting the offer will help the company because it will make the company suffer with many potential issues that should be avoided as far as possible. Lower pricing for the new foreign market Calculation of Monthly Profit Particulars Unit Cost per Unit Total Amount Manufacturing Costs: Direct Material 20000 $1.00 $20,000 Direct Labor 20000 $1.20 $24,000 Variable Overhead 20000 $0.80 $16,000 Fixed Overhead 20000 $0.50 $10,000 Total Manufacturing Costs 20000 $3.50 $70,000 Marketing Costs: Variable Marketing Costs 20000 $1.50 $30,000 Fixed Marketing Costs 20000 $0.75 $15,000 Total Marketing Costs 20000 $2.25 $45,000 Total Cost of Goods Sold 20000 $5.75 $115,000 Less: Sale in Domestic Market 10000 $7.50 $75,000 Sale in Foreign Market 10000 $4 $40,000 Table: Calculation of Monthly Profit (Source: Created by Author) From the above table, calculation is done for gaining understanding of the minimum prices in the new market (Balakrishnan, Labro and Soderstrom, 2014). This means new market penetration will take into consideration on how Parker Limited should offer the sets at lower process to the newly targeted customers. It is advisable to Parker Limited in lowering the price at such a range whereby it can generate zero profit as well as does incur any loss at the same time (Senthilkumar, Maruthamuthu and Kannaiah, 2014). It is important to consider the fact that fixed expenses are constant in nature for shorter time based on certain product volume (Ambrosini, Jenkins and Mowbray, 2015). This will be helpful in the long run whereby the offer will be changing at the same level of production. Addition to that, it becomes impossible in computing the minimum price for longer period of time. This is for the reason why fixed assets will not be same at any point of time. It is recommended to Parker Limited in changing the minimum range of price based on fixed expenses. Therefore, new selling price will be adopted by Parker as it will help in long run. This will be considered only if the price can help company in gaining zero profit and zero loss (Balakrishnan, Labro and Soderstrom, 2014). The above analysis help in gaining understanding on the application of minimum sale price in a given production process Profitability of the offer from outside supplier Calculation of Monthly Profit for Order from Outside Supplier:- Particulars Unit Cost per Unit Total Amount Sale to Outside Supplier 10000 $7.50 $75,000 Monthly Sales Revenue 10000 $7.50 $75,000 Costs of Purchase: Purchase from Outside Supplier 10000 $4.20 $42,000 Fixed Overhead 10000 $0.70 $7,000 Total Manufacturing Costs 10000 $4.90 $49,000 Marketing Costs: Variable Marketing Costs 10000 $1.10 $11,000 Fixed Marketing Costs 10000 $1.50 $15,000 Total Marketing Costs 10000 $2.60 $26,000 Total Cost of Goods Sold 10000 $7.50 $75,000 Monthly Net Profit 10000 $0.00 $0 Table: Calculation of Monthly Net Profit (Source: Created by Author) From the above table, it is easy to understand the expected profit or loss at the time of generating an offer from outside supplier (Balakrishnan, Labro and Soderstrom, 2014). In other words, the table exhibits that Parker Limited will generate no profit at the time of accepting the offer at the same time. It can be clearly understood from the above calculation that Parker Limited can reduce the total assets at the time of accepting the offer. It will incur zero profit because of higher cost of goods sold per unit. Therefore, it is recommended that Parker Limited should not accept this offer given by outside supplier (Senthilkumar, Maruthamuthu and Kannaiah, 2014). Profitability of the Offer from Outside Supplier with the Rental Plan Calculation of Monthly Profit for Order from Outside Supplier Rent:- Particulars Unit Cost per Unit Total Amount Sale to Outside Supplier 10000 $7.50 $75,000 Rent from Building Car Parking $5,500 Monthly Sales Revenue 10000 $8.05 $80,500 Costs of Purchase: Purchase from Outside Supplier 10000 $4.20 $42,000 Fixed Overhead 10000 $0.70 $7,000 Total Manufacturing Costs 10000 $4.90 $49,000 Marketing Costs: Variable Marketing Costs 10000 $1.10 $11,000 Fixed Marketing Costs 10000 $1.50 $15,000 Total Marketing Costs 10000 $2.60 $26,000 Total Cost of Goods Sold 10000 $7.50 $75,000 Monthly Net Profit 10000 $0.55 $5,500 Table: Calculation of Monthly Net Profit (Source: Created by Author) From the above table, calculation is done for understanding monthly net profit or loss for rendering properties for rent (Balakrishnan, Labro and Soderstrom, 2014). This particular attributes aligns with the offer gained from the outside suppliers. This reveals the fact that Parker Limited will be generating total profit of $ 5500 at the time of taking business decisions. This will help company to evaluate the offer from outside supplier, which cann be accepted within the provision of rental income (Senthilkumar, Maruthamuthu and Kannaiah, 2014). Conclusion At the end of the study, it is concluded that it is essential for making comparisons as well as reviewing the current net profit as well as cost of the profit structures. This has been indulged by after making marketing offers as well as plans where marketing strategy prevails and aims at generating higher profit per set. Addition to that, it is necessary to carry on with the current marketing policy of Parker Limited. This is for the reason as this company should accept the offer from the educational institution as discussed in the above calculation. This will happen at the time of accepting the offer for the company that aims at accumulating funds for generating high amount of profit. It has been analyzed that Parker Limited will be sacrificing its profit for short-term purpose based on penetrating activities. On the other hand, it should not even continue for longer period as it will be increasing prices as obtained from a favorable amount of market shares especially in the intern ational market in the most appropriate way. Moreover, it can also consider the offer from outside supplier only if it can utilize its assets to generate rental income of $5500 or more. Reference List Ambrosini, V., Jenkins, M. and Mowbray, N., 2015. Advanced strategic management: A multi-perspective approach. Palgrave Macmillan. Balakrishnan, R., Labro, E. and Soderstrom, N.S., 2014. Cost structure and sticky costs. Journal of Management Accounting Research, 26(2), pp.91-116. Drury, C.M., 2013. Management and cost accounting. Springer. Groot, T. and Selto, F.,2013. Advanced management accounting. Pearson Higher Ed. Kamala, P., Struwig, J., Bornman, M., Boersman, R., Vermaak, M., McGill, M. and Taylor, P.,2015. Principles of Cost Accounting. Oxford University Press Kaplan, R. S. and Atkinson, A. A., 2015. Advanced management accounting. PHI Learning. Senthilkumar, K., Maruthamuthu, K. and Kannaiah, D., 2014. Advanced Cost Accounting. Vikas Publishing House Webster, W. H., 2016. Accounting for managers. PHI Learning.