Role, Timing, and Mechanics of Accounting Essay Example | Topics and Well Written Essays - 750 words

Role, Timing, and Mechanics of Accounting - Essay Example B) The other piece of information required can be the storage of dates on the entries so that they come in handy for the proper management of records and so that the company can reflect back and learn from the decisions taken in the past C) Cats and Dogs Company Trading and Profit and Loss Account Extract for the month of March Sales Less: Expenses Interest Expenses Profit $ 20 650 $ 900 (675) 225 Cats and Dogs Company Retained Earning Statement Extract for the month of March Retained Earning Beginning Net Profit Less Dividends Retained Earnings At End $ xxx 225 (25) $ 200 Cats and Dogs Company Balance Sheet Extract for the month of March Assets Cash Short Term Liabilities Interest Payable Long Term Liability Notes Payable Owner's Equity Capital Retained Earnings $ $ 2000 6000 200 $ 15325 20 6200 8220 Cats and Dogs Company Cash Flow Statement Extract for the month of March Cash from Operating Activities Services Expenses Cash from Investing Activities Capital Cash flows from Financing Activities Notes Drawings/Dividends Net Increase in Cash $ $ 9000 (650) 2000 (25) $ 8350 6000 1975 16325 Part Two A) a. The equipment (purchased on January 1, 2003) has a useful life of 12 years with no salvage value (Straight-line method is used). Depreciation 70000 Accumulated Depreciation 70000 The cost of the asset decreases by 70000 b. Interest accrued on the bonds payable is $20,000 as of December 31, 2003. Interest Expense 20000 Interest Payable 20000 The liabilities increase by 20000 c. Unexpired insurance at December 31, 2003 is $7,000. This would increase the assets by 7000 d. The rent payment of $140,000 covered the four months from December 1, 2003 through March 31, 2004. Interest Prepaid 105000 Cash 105000 This would have no affect as one assets increase while the other asset decreases e. Salaries and wages of $28,000 were earned but unpaid at December 31, 2003. Salaries Expense 28000 Salaries Accrued 28000 The liabilities would increase by 28000 B) 1) Trading and profit and loss account 2) Balance sheet-current assets 3) Balance sheet-current liabilities 4) Balance sheet-current assets 5) Balance sheet-current assets 6) Balance sheet-Property plant and equipment 7) Balance sheet-current assets 8) Balance sheet-current assets 9) Balance sheet-current assets 10) Balance sheet-stock holder's equity 11) Trading and profit and loss account 12) Trading and profit and loss account References 1) Hagen, K. M. (2005). How To Prepare a Cash Flow Statement. Retrieved February 17, 2008, from Googo Bits: http://www.googobits.com/articles/932-how-to-prepare-a-cash-flow-statement.html 2) Preparing the Financial Statements. (2007). Retrieved February 17, 2008, from Net MBA: http://www.netmba.com/accounting/fin/process/statements/ 3) Sangster, Alan & Wood, Frank (1999), "Business Accounting 2", Eighth

Effect of war on the African Essay Example | Topics and Well Written Essays - 500 words

Effect of war on the African - Essay Example The negative effect of war is less on Sudan than on other countries - The country of Sudan was inhabited by the Muslim about fifty percent in the north and forty percent by the Christians in the South of the Sudan and a little part was indigenous tribal groups. They were forced to accept the religion of Islamic and when they resisted it they were harassed and food was used as weapon in doing so.The Arabic people staying in the north Sudan are defining terms and conditions for national identity on the basis of Islamic culture and norms. The non-Muslims or the African tribals who are converted into Christianity were not given posts in the constitution. And thus the civil war that broke out during the formation of the government is still continuing till now. Many Christians, as many as five million migrated to Chad and other countries of Africa to escape the forced Islamic culture and those who didn't migrate were made slaves, raped, killed and their houses were burnt by the Muslim terr orist militia.The statistics say about half a million were killed which is less when compared to other war affected countries like Uganda, Somalia and Ethiopia. These terrorists come on the horses with weapons and raid the centers, throw bombs in public areas, devastating and disastrous civil war of the world. But whatever loss has occured, it occured only to Christians and Muslims were safe in the northern Sudan.Also it was found that south Sudan has huge resources of oil reserves for which there was great demand and that can be the main reason for which the area was not destroyed and instead people were made to ran away and leave the country for those who desired those oil reserves.

The Importance of Accurate Language in Professions Essay

The Importance of Accurate Language in Professions - Essay Example Apart from educational qualifications, communication skills are mandatory for any kind of profession. Ardener indicates that in the field of anthropology, use of language cannot be alienated from success in the job (16). Anthropology requires accurate use of language among the interpreters of a particular form of language so that the message can be interpreted as much accurately to the targeted audience. It is recommended that anthropologists and career people in the field of anthropology be endowed with the linguistic ability of discerning the various language structures and categorization of various languages (Ardener 17). In this case, it is justified to argue that accuracy in communication in the field of anthropology must not be jeopardized by any means in the society. It is vital that all anthropologists be conversant with various linguistic structures of the languages they deal with in their course of

Teachers and Ethics Responsibilities Essay Example | Topics and Well Written Essays - 1500 words

Teachers and Ethics Responsibilities - Essay Example On the other hand, this contravenes school policy, which gives the child’s parents a right to participate in such decisions. Part 2: Application of different ethical approach theories Each of the options that present themselves to Elizabeth in this situation has an ethical value if assessed using different perspectives. Choosing to proceed with counseling sessions without the parents’ consent can be validated as ethical under the consequential view. This will have a likely positive outcome, as it will eliminate Trevor’s misconduct. In addition to this, it protects him from abuse by his parents who would more likely than not exact their own means of punishment on learning about Trevor’s behavior. The fact that prior evidence indicates a sustained trend of such response from Trevor’s parents gives the ethical value of this option much substance. On the other hand, this option cannot be justified under the non-consequential view of professional ethics. This is because the very act in itself undermines the rights of Trevor’s parents to choose a suitable method of discipline for their child. There are non-consequential ethics with the second approach to inform Trevor’s parents about the stealing incident and counseling sessions. ... The non-consequential approach The non-consequential theory evaluates the ethical nature of an action based on its value (Freakly & Burgh, 2000). The assessment of the act is on terms of what it directly implies. Certain kinds of acts are immediately dismissed as unethical and others as ethical. There is a static and clear classification in this case since there are some merits in taking the non-consequential approach to judge ethical value. One advantage of the non-consequential approach is that it preserves the importance of professional duty. In a sense, it puts a set of unchanging values that come with taking up a certain professional position forward (Preston, 2007). Allowing exceptional cases to have alternative consideration creates room for past reference in the future, which may complicate the judgment of similar cases once they arise. Another advantage is the protection of the rights and freedoms of people. In a non-consequential scenario, the rights of an individual are co nsidered values that bear as much weight as the gain construed from seeking a positive outcome from a decision. Though the non-consequential theory has advantages of a static nature, it prevents progress on many levels. The creation of a system to uphold rights is essentially going to give precedence of such rights over social development, which would include changing the child’s behavior and changing the parents’ view on non-violent discipline. The consequential approach The consequential approach judges an action’s rightness based on the outcomes of its implementation. If the outcomes of taking an action prove to be positive, then that action is judged as right, and if it is negative, then it is

Ethical and Human Issues in Health Care Research Paper

Ethical and Human Issues in Health Care - Research Paper Example Health inequities generate issues that deeply question our moral convictions. Any society should provide its members with the requisite conditions for attaining the best possible health, as this leads to a contented and useful life. Such is the demand of justice in health. This viewpoint renders a global community unjust if it permits the premature demise of individuals. It should, in fact, promote the economic and social conditions that are essential for preserving life (Ruger, 2006, p. 1002). A segregation of the members of society on the basis of deprivation is to be achieved. This in turn clearly identifies the individuals who are in urgent need of access to health care. It is important to realize that this intervention does not abandon the improvement of the average health (Ruger, 2006, p. 1002). Moreover, the provision of medical facilities to the groups occupying the center of the ill health spectrum is not discarded in this endeavor. Consequently, universal health coverage is promoted with regard to diseases such as AIDS, malaria and tuberculosis (Ruger, 2006, p. 1002). These diseases have been seen to be prevalent to a much greater extent among the disadvantaged sections of society. Moreover, there is a close correlation between global health and health and human rights. This relationship is founded on the inherent value of every individual and the rights of a person that derive from the local and international community. It is the objective of global health to ensure these rights.

Evaluation of Iraq war through group think Essay Example for Free

Evaluation of Iraq war through group think Essay The War on Iraq was decided by a small group of people that was headed by the President and comprised of the Vice-President, Defense Secretary, CIA Director and other senior administrative officials. The decision to go to war was a decision of a small think-tank rather than of an individual or a larger group of people. The decision of the think-tank pushing the case for the Iraq War seems to be an apt example of confirmation bias. This confirmation bias during the events leading to the Iraq War has led to a widening rift between policy makers and the intelligence community. It is widely believed that the war think-tank defied the pointers presented by the official intelligence. Instead, the intelligence available in a raw form was misused to publicly justify the war on Iraq and build a positive public perception that would endorse the war. As the Washington Post reports the discussion on the war; The case was thin, summarized the notes taken by a British national security aide at the meeting. Saddam was not threatening his neighbours and his WMD capability was less than that of Libya, North Korea or Iran. However, the think-tank was convinced about going for a war with Iraq and it used the available intelligence to confirm its beliefs. Cognitive diversity was missing in the think-tank that drew up the plan for the Iraq War. All members involved in the decision process had same political leanings, were to a large extent a culturally homogenous group and formed a small team that worked closely with each other on various policy making issues. The team did not comprise of various political voices even though the decision to go to war impacted the entire country. It did also not take advice and heed to objections of World bodies like the United Nations when some of the member countries objected to the unilateral action of the United States and its ally Britain to go to war. The team did not invite any new members to its coterie of decision makers to infuse fresh or alternative thinking in its decision making process. As Senator Barbara Boxer said, â€Å"Iraq was a war of choice, not necessity†. The intelligence community was roped in only to substantiate claims made by the think-tank on the reason to go to war. The group behaved with a preset agenda ignoring the alternatives at hand and made biased decisions. The Iraq War is also an example of group comparison where the decisions of the individual members could have been different from the decisions of the group that they were part of. The study of group polarization began with an unpublished 1961 Master’s thesis by MIT student James Stoner, who observed the so-called risky shift, meaning that a group’s decisions are riskier than the average of the individual decisions of members before the group met. After the wide public criticism of the U. S. handling of the war, two prominent members of the Iraq think-tank put in their papers. Secretary of State Colin L. Powell resigned after almost 4 years of at the helm of affairs. He was seen as less supportive of the war even though he was the public face on international forums to drum up support amongst its traditional allies. Whereas Defense Secretary Donald H. Rumsfeld who took over the course of foreign policy after Powell’s exit was seen as a hardliner. It seems that the hardliners would have grown even more resolute in their decision to go to war after several rounds of deliberations that the think-tank might have had. They would have presented intelligence information and other reasons to hard sell their belief thereby subduing the reluctant supporters of the war.

The Bahamian Work Ethic Management Essay

The Bahamian Work Ethic Management Essay I propose to study the work ethic of Bahamian employees as it relates to job performance in the Bahamas Electricity Corporation. My particular interest in this study is because I am an employee of BEC and it is a general belief of the public that work performance is poor and degrading in the company. If this is in fact true, could the performance of these employees be related to how Bahamians believe work performance should be. because this is what they are used to? There could be a way to change the culture of job performance with education and willingness to change. Work ethic is all about being diligent and hard working at any task assigned. There are not only are those values associated with it, but also knowing that there is a moral gain from it and a sense of improving ones character on the whole. Persons that exhibit a character of hard work and dedication are more likely to get better tasks and promotions wherever they work. And those who do not show a good work ethic are often labeled lazy and are said to be making more money which is not equal to the amount of work they are performing. Some individuals believe that idea of having good work ethic and working hard is a delusion set up to have employees working for harder than they should for their employers. Criticisms about work ethic, like the one mentioned, have always been a part of the work industry. Andre Gorz, a French philosopher, wrote In actual fact the work ethic has become obsolete. It is no longer true that producing more means working more or that producing more will lead to a better way of life (1989). However, when an individual is working below minimum or not working at all and if he or she is fully capable of performing, it causes others to work harder to fill in the productivity gap. Bahamians have always been associated with when the spirit moves them attitude towards work especially in the civil servant sector as opposed to the private sector. In 2007, there was a survey conducted by the Ministry of Tourism entitled Bahamian Resident Survey which provided some information stating, Bahamian workers are perceived to project a lack of work ethics (Gibbs, 2012). High school students are being prepared now from the 12th grade to be ready for the work force and to perform at their best even when others are not doing so. The focus of this study is to evaluate the relationship that exists between the Bahamian work ethic and work performance. The study will assess documentation in the context of work ethics and employee work performance. By studying this relationship, it will hope to bring some light to this area of study in work performance left untouched in the Bahamas. Statement of Problem In order to understand the rationale behind the degrading Bahamian work ethic, its relationship with employee work performance is tested. Additionally, attitudes and behavior are involved in the process. With the degradation happening as such, customer satisfaction levels are falling and productivity could come an all time low. While addressing the problem in this study, ways to improve job performance and work ethic in Corporations will be looked at. Purpose of Study The purpose of this study is to determine whether an employees work ethic is related to the way that individual performs on the job. Also, this study hopes to find a difference in the work ethic of age generations in the Corporation. The unit of analysis is the employees by department. The topic and study is particularly important because future generations of Bahamians can benefit from understanding that certain beliefs and attitudes towards general working and employment are unwarranted. Research Questions For the purpose of this study, the following question will be addressed: Question 1: Can the work ethic (attitudes and beliefs) of Bahamians be associated with employee performance? Question 2: What is the Bahamian work ethic? Question 3: How can work ethic in the Corporation be improved? Significance of the Problem This research study needs to be conducted because it can help Bahamian employers to understand how to motivate their employees to perform better on the job in terms of attitude, beliefs and behavior towards work. By getting to the root of the problem with the research results, solutions recommended could help to improve the customer satisfaction levels and the day to day work habits of employees. Delimitations With more time, the research study could have encompassed all staff (technical and clerical) of the Bahamas Electricity Corporation, Water and Sewerage Corporation and Bahamas Telecommunication Corporation for a full study of corporations in the Bahamas. Also, there was not enough money in the budget to perform an outer island study for the Family Island branches. The female population, where the sample is being taken, is very low to the males. So this sample will be pre-dominantly males which will only show their prospective on the matter. Review of Related Literature On the job performance is evaluated in a number of ways. An assessment of an employees tasks and how well it is realized is known as a performance appraisal (Rotundo, 2009). This review is planned for the discussion and understanding of the Bahamian attitude towards working and how it relates to work performance. The link between performance and work ethic It is believed that there could be links between certain behaviors on the job and how this might prevent good performance from employees just like it would make the performance better (Carter, Murray and Gray, 2011). There are attributes that an employee should have as a part of their individualism such as trust, interpersonal sensitivity, altruism and perspective taking. Psychological well-being in turn predicts improved job performance and reduced turnover stated Peterson, Park, Hall and Seligman (2009). The research offers that few studies have explicitly examined the linkage between HRM practices and service quality. Schneider et al. (1998) proposed that service quality rests on a set of organizational foundation issues that support and facilitate front-line employee service delivery, which include internal service provided by support staff, efforts to remove obstacles to work, and employee participation and training. Ishak, Mustapha, Mahmud and Afriffin commented on decreased productivity in the workplace stating that, The inability to manage and communicate emotions effectively can lead to unresolved and repetitive conflicts among employees and in the long run that can cause severe burnout and diminished productivity (2008). Many employees do not know how communicate properly and this could be tie to a lost in real work ethics training. Quality of work and high performance The majority of studies investigating the outcomes of ethics on employee performance look at the matter from the side of management. In their paper Do They See Eye to Eye? Management and Employee Perspectives of High-Performance Work Systems and Influence Processes on Service Quality, Liao, Toya, Lepak and Hong explore the notion of how different perspectives on service can be between management, employees and even customers of the banking sector. In their paper High Performance Work Systems in the Paper Industry, Parsons and Necochea offer that Though there is not a single definition, HPWS can be described as work systems that maximize the fit between the social (employees and structure) and technology systems. Fit or alignment between employees, technologies, and organizational strategy is seen as a key factor in the competitive advantage of an organization. While this definition and most models seem more easily aligned towards the production sector of industry, the service is no less accounted for as this study demonstrates. The researchers engaged 292 managers, 830 employees, and 1,772 customers of 91 bank branches. As mentioned before, perspectives differed between management and line staff and while an issue like having standard operation procedures was important from a management perspective, customers noted a positive experience when line staff appeared to have the latitude to make decisions that was specific to accommodating their needs as opposed to having to follow management guides. Employees felt a degree of empowerment from the same process. This empowerment allowed employees to perform greater and feel better about what tasks they were assigned. Work ethics history Wang (2008) summarizes that in earlier decades in the age of Christianity, doing work was looked at as being punishment for doing something wrong. Because of the Reformation Age, people were taught that working was something good and honest to do. Further on, it was told that if you were not doing work, it was a bad idea as opposed to working which was good. It is also understood in China after the change of government to communism, the people were given a cultural boost to ensure that their indoctrinate work ethics would remain and no external forces combat their natural hard working attitudes to improve China. This same cultural boost can be used in other areas to improve the output of hard workers in the Bahamas. Bahamian Work Ethic During the later part of the year, Junkanoo band practices and costume making are taking place. Junkanoo parades take place around Christmas while schools are closed. Bahamians put a lot of effort into competing in these parades for just those two days of the year. Storr (2006) asked the question, What does Junkanoo teach Bahamians about themselves and their abilities?.. Certainly, the most important lesson that Bahamians learn from Junkanoo is that success and hard work are inextricably linked (p.301). What is being said is that there is no lack of work ethic in the Bahamas, it is just focused in certain areas. The same way the participants in Junkanoo can spend long hours pasting costumes and practicing dancing they can spend performing well on the job. Research Hypothesis: H0: Bahamian work ethic is related to employee performance Ha: Bahamian work ethic is not related to employee performance Methodology Participants During the later half fall season of 2012, 65 employees of the Blue Hills Power Station (BEC) of ages 19 and above will be asked to participate in the study by completing the surveys. The employees at the station are pre-dominantly men and are separated by day and shift works. There are three departments: Electrical and Mechanical (Day workers) and Operations (Shift workers). Posters will be put up around the station in the respective departments to remind the employees to the study. Instrument Design For the purpose of this study, a survey design was chosen as the best instrument for this quantitative study because it can provide trends in behavior and opinions from a sample of the population. The first part of the survey used questions that were taken from the study entitled, A Chinese Work Ethic in a Global Community by Victor Wang of California State University. The second part of the survey was created by the researcher to appropriately fit the work lifestyle of the employees at the power station. There are 21 questions in all; with Part 1 headed Work Ethic and Part 2 headed Job Performance. The survey uses a Likert Scale with range from 6 to 1 in Part 1; Six (6) being strongly agree and (1) being strongly disagree. However, in Part 2, Six (6) was changed to strongly disagree and one (1) to strongly agree to prevent participant overlook. Because the items in the survey will assess the content that was used to measure before (survey has been used by different researchers in ma nagement and education studies), there will be no need to demonstrate validity except for Part 2 which was created by the researcher. The instruments reliability of Part 2 will be tested by an alpha of 0.95, N of participants = 65, N of questions = 21. Procedures / Data Collection The letter of consent (in an email) will be sent two weeks ahead of the schedule date for the survey. All of the employees that are willing to participate will reply to the email address given to them. The mechanical and electrical staff that have agreed to participate will be taken in groups of 5 or 6 to the Mess Hall (Blue Hills Power Station) to be administered the survey. One group a day during the lunch break so that none of the employees are kept from their lunch. For the consenting participants of the Operation department, each of the shifts have a rotation into the 8am to 4pm shift every three days. At this time, the shift team that is on will be asked to accompany the survey administer to the Mess Hall where they will sit and be given pencils to begin filling out the questionnaire. After that shift teams three days are over, the next shift team taking over the 8am to 4pm shift will be administered the survey and so on until all the shift teams have completed it. All of the p articipants will be asked by the administers not to hold conversations while filling out the survey. Data Analysis Minitab 16 Statistical Software for the Windows operating system will be used to evaluate the data collected for this study. The responses to Part 1 and Part 2 Likert questions of the instrument will be summed up. The mode of each question will be used to find the most frequent response. The best approach to analyze the responses will be to use the Mann Whitney. The Kruskal Wallis test can be used also to analyze the difference in responses from the three departments (Operations, Electrical and Mechanical). Further analysis can be done by converting the responses into two groups of agree and disagree. This way a chi square test can be used to test if the null hypothesis is true. The hypotheses will be tested at a minimum of the .05 level of significance. Projected Findings Part 1 (Work Ethic) Mode Statements 1 2 3 4 5 6 7 8 9 10 11 12 Strongly Disagree 5 12 20 25 8 26 18 15 6 28 1 17 Disagree 5 10 15 15 6 15 12 18 7 18 3 8 Somewhat Disagree 10 5 10 12 10 7 10 12 9 12 5 2 Somewhat Agree 20 15 10 7 10 8 15 10 10 5 11 6 Agree 18 10 8 6 17 8 5 7 20 2 25 18 Strongly Agree 7 15 2 0 14 1 5 3 13 0 20 14 n = 65 Part 2 (Job Performance) Mode Statements 1 2 3 4 5 6 7 8 9 Strongly Disagree 3 1 4 10 7 9 3 0 1 Disagree 5 4 3 4 12 7 2 9 1 Somewhat Disagree 8 16 10 12 14 9 7 4 2 Somewhat Agree 17 11 8 15 16 15 20 14 10 Agree 14 20 22 11 14 20 22 26 18 Strongly Agree 18 12 18 13 2 5 11 12 33 n = 65 Timeline **Please see attached in Appendices. Proposed Budget Cory K. Bain Proposal Cash Budget For the month ended December 30 2012 December Cash Receipts Allowance $500.00 Total Cash Receipts $500.00 Cash Payments Posters $15.00 Papers $10.00 Pencils $5.00 Folders $5.00 Refreshments $20.00 Pens $8.00 Researchers Salaries $300.00 Total Cash Payments $363.00 Ending Cash Balance $137.00