Integrity, Robustness And Effectiveness Of The Different...

Summary The simulation done in this module helped us to understand the integrity, robustness and effectiveness of the different processes in an organization. The aim of every organization is to create products and/or services to sell and/or deliver them to recognize profit. How well we marshal the resources, with a soul motive to meet and satisfy customer requirements, decides the success credibility of the organisation over the respective competitors. Operation functions ranging from the core to the support functions are a part of the single sphere of operations management. The simulation provided us with immense understanding on how to manage different process flow in a production unit. A remembrance of the touch points, avoiding†¦show more content†¦The tool helped us get a structured understanding of the process and what it involved before going forward and executing the process. How we used SIPOC:- †¢ Information regarding the simulation was understood by all the team members. †¢ Outputs were defined. The simulation required 3 successfully working products namely Standard, Premier and Dual. †¢ Triggering the inputs to our process. Our simulation required a new product to be delivered every 30 seconds. †¢ Supplies were recorded. Our simulation had one person responsible for managing the supplies. †¢ Activities were defined. They were performed to convert our inputs (Supplies) to outputs (final product). †¢ Customer accepting the final product up to satisfaction. Process mapping and Product Line Layout Process mapping describes the relation of the individual activities within our process and how they must be carried out.This provides valuable information about a process to help management find ways to make the process even better.The mapping provided clear and straightforward data that can be easily interpreted. With this approach I feel the staff can vent out their frustration and become comfortable with providing candid information in their work processes. A layout describes how the resources will flow and progress through an operation. It is a critical featureinvolving positioning ofequipmentthat transformresources to

Analysis Of William Shakespeare s Hamlet - 1385 Words

One of the three major themes of William Shakespeare’s Hamlet is that of the gulf between what appears to be and what something is in reality: in other words, to distinguish between what is fake interpretation from what they truly are. There is a degree of deceit, lies, deception cloaked by a perception of honesty within the play; we will refer to this concept as â€Å"the mask.† The theme of perception vs reality is so woodenly interlaced into the play due to the idea that most of the central characters in the play hide behind the mask to conceal their true intentions whilst struggling to learn the intentions inner thoughts of other characters. The article â€Å"How Our Perceptions Shape Our Reality,† written by Morty Lefkoe, mentions: â€Å"We†¦show more content†¦Although all of us exist in the same world, people have the tendency to focus on what we have â€Å"tuned† to seek. Morty Lefkoe, the creator of the Lefkoe Method and author of th e article â€Å"How Our Perceptions Shape Our Reality,† evaluates this idea. Lefkoe states: â€Å"We swear things exist because we distinguish them through our particular perceptual apparatus through our language. Change those you dramatically change the world you think is ‘out there’† (Lefkoe 5). In a sense, we all see the same world by the same means, but it is how we individually see the world that differentiates from what is real to some and not for others. Henceforth, perception shapes our reality in total extent. Without being able to perceive, distinguish everything that exists from one another with the use of our senses and language, our lives would be accurately simulated by a state of narcosis; we would all be in deep sleep without any dreams to experience. However, despite social, political, and religious forces constantly forging our behavior and views, dictating our every action, there is still room for personal logic to purge these nurtured preconceptions. In the way that hallucinogens and other various drugs alter our perceived notions of the world via manipulating our frame of mind, adjustments in our depth of field can have equally strong

Reversal Of Impairment Loss For Cash Generating Units †Free Samples

Question: Discuss about the Reversal Of Impairment Loss For Cash Generating Units. Answer: Reversal Of Impairment Loss For Cash Generating Units AASB 136 and IAS 36 deals with the procedures which are being applied to make sure that assets are not shown at higher value in comparison to its recoverable value. The specified standard specifically provides procedure relating to impairment on all intangible and tangible assets other than those which are covered under other IFRS. Present essay revolves around the analysis of Reversal of accounted impairment loss for CGU and accounting for same. An impairment loss can be define as written down value of an asset or a CGU because shown value is higher than its recoverable amount (Johansson, Hjelstrm and Hellman, 2016.). As according to the provisions of the standard no asset should be carried at a value which is higher than its recoverable amount or fair value. Further, for accomplishing the same objective, it has been provided with the scope of potential indicators for assessing whether impairment loss exists or not. Above description shows that CGU is impaired in case the carried value is higher in comparison to recoverable amount then computation of recoverable amount is done by making comparison of fair value less cost relating to selling and value in use, in this higher value is considered for accounting. The loss which has been recognised as expenses is transferred to profit and loss account (Henderson and et.al. 2015). Further, the standard also specifies the provisions when entities are required to make a reversal of impairment loss and the manner of recognising the same in books of accounts. IAS 36 provides that reversal of impairment in the case of CGU is to be reversed by appropriately proportioning the amount in no. of assets which have been covered by making use of pro rata basis and applying it on carrying amounts of concerned assets. However, goodwill is not be included while reversal of impairment loss of Cash Generating Unit. The reversal amount is allocated to the written down value of asset available in the balance sheet (Edwards, 2013). It should not be increased higher in comparison to the lower of its carrying amount and recoverable amount. The specified amount must be provided after reducing depreciation or amortisation which might have been recognised in the case where there has no recognition of impairment loss inprior periods. It is also provided in the standard that it is necessary for the entire organisation to apply the test in order to assess the same and it should be assessed at each reporting date. For verifying the same, it is necessary to consider internal as well as external components which are considered necessary by the management (Johansson, Hjelstr, and Hellman, 2016.). Provisions relating to disclosure of reversal of impairment loss have been made available in paragraph 130 of AASB 136. As per the provision specified in Australian accounting standards reversal of impairment loss in case of a CGU is recorded in books of accounts on an instant basis in profit or loss statement. Thus the provisioning of same is not required in case when the book value of the asset is revalued in accordance with the provision of IAS 36. As per the views of Detzen, Stork and Zlch (2016), in the case when the value of the asset is increased at the year end than the reversal is required to be considered as a revaluation increase and accounted as per provision of IAS 36. Further after revising the written down value of asset, depreciation or amortisation is charged for future periods in accordance with the allocation revised carrying amount from which residual value is deducted on a reasonable base for the remaining life of the asset. A CGU is the least distinguishable group of assets which is capable for generation of cas inflows that are specifically dependent on assets or group of assets (Bond, Govendir and Wells, 2016.). AASB 136 states recoverable amount as higher of recongnised value of cash-generating and units fair value. It is not compulsory to determine both value in use and fair value less cost relating to selling. In case the either amount of both is higher than assets carrying amount that it is clear that the impairment of asset is not required. Further, it is necessary to ascertain fair value less cost of sale even in case the asset is not actively traded in the market. In a situation when no basis is available to evaluate the value of the asset on a reasonable basis from the sale of an asset by considering its arm length price in market then it is more appropriate to consider the recoverable value of the asset. As per the views of Amiraslani, Iatridis and Pope, (2013), in a situation when there is n o reason to have confidence in fact that assets value in use is substantially higher in comparison to fair value less cost relating to selling than the same might be used as the recoverable amount. It is usually considered in the case when assets are being disposed of because at that time asset will mainly consist net proceeds from disposal as future cash flows that will be derived from continuing use of asset until the amount is same as negligible value. Usually, impairment of assets is done on the individual basis in accordance with the provisions of IAS 36 (Bartov, Goldberg and Kim, 2013). However, in case the recoverable amount of assets cannot be ascertained for each individual asset than in such situation an organisation opts to value the carrying value of the cash-generating unit to which the asset belongs. As it considered that computation of the recoverable amount of each individual asset is not appropriate and hence, ascertainment of the recoverable amount of the CGU to which that particular asset belong. Further, the following aspects are to be considered while impairment testing of CGU by every organisation: Consideration of cash flows in detail and reassessing the same; Evaluation of impairment indicators. Ascertainment of the discount rates; Benchmarking the assumptions with the market. Journal entry for recording impairment loss: In case of cost, model is applied Particular Amount Accumulated depreciation impairment losses Dr. XXX Income - impairment loss reversal Cr. XXX In case revaluation model is applied Asset Dr. XXX Deferred tax liability Cr. XXX Asset revaluation surplus Cr. XXX Calculation of Impairment Loss: Carried Value of Balance Sheet 677000 Value in Use of assets 608000 Impairment loss 69000 Allocable Impairment loss to assets: Total impairment loss - Amount of Goodwill Impairment loss allocable to patent = 69000-23000- (455000-438283) = 29283 Allocation of impairment loss to assets in proportionate to their book value: Asset Value in Use Calculation Allocable Impairment loss Amount to be carried in Balance Sheet Equipment 105000 29283*105000/199000 15451 89549 Fitting 66000 29283*66000/199000 9712 56288 Inventory 28000 29283*28000/199000 4120 18880 Patent 455000 16717 438283 Journal Entry in the books of Gali Ltd: 30.06.2015 Impairment loss Dr. 69000 Goodwill Cr. 23000 Patent Cr. 16717 Accumulated amortisation and Impairment Losses (Equipment) Cr. 15451 Accumulated amortisation and Impairment Losses (Fittings) Cr. 9712 Accumulated amortisation and Impairment Losses (Inventory) Cr. 4120 [Being impairment loss attributed to assets on pro-rata basis except patent and goodwill.] Impairment Account Date Particular Amount Date Particular Amount 30.06.2015 Accumulated Impairment Loss A/c 69000 30.06.2015 Profit and Loss Account A/c 69000 Provision of IAS 36 will be applicable in the present case for the allocation of impairment loss to the available assets. In accordance with the study of Abuaddous, Hanefah and Laili (2014), the provisions impairment loss is initially adjusted with the amount available in Goodwill account and further to the extent to which loss has been provided to a specific asset. Finally, the remaining amount of impairment loss is being proportionate to the book value of remaining assets. Another thing that is to be considered is that no impairment loss is adjusted in cash account. As in present scenario; firstly the impairment loss will be set off with the amount of goodwill i.e. 23000 then the remaining amount will be allocated proportionately to remaining assets except cash. Further, as the fair value of a patent is available in the question, hence the impairment loss of patent will be the difference between book value and fair value. References Books and Journal Abuaddous, M., Hanefah, M.M. and Laili, N.H., 2014. Accounting standards, goodwill impairment and earnings management in Malaysia. International Journal of Economics and Finance. 6(12). P.201. Amiraslani, H., Iatridis, G.E. and Pope, P.F., 2013. Accounting for asset impairment: a test for IFRS compliance across Europe. Centre for Financial Analysis and Reporting Research (CeFARR). Bartov, E., Goldberg, S.R. and Kim, M., 2013. Comparative value relevance among German, US, and international accounting standards: A German stock market perspective. Journal of Accounting, Auditing Finance. 20(2),Pp.95-119. Bond, D., Govendir, B. and Wells, P., 2016. An evaluation of asset impairment decisions by Australian firms and whether this was impacted by AASB 136. Detzen and et.al. 2016. Impairment of Goodwill and Deferred Taxes Under IFRS. Australian Accounting Review, 26(3),Pp.301-311. Edwards, J.R., 2013. A History of Financial Accounting (RLE Accounting) (Vol. 29). Routledge. Henderson, S., Peirson, G., Herbohn, K. and Howieson, B., 2015. Issues in financial accounting. Pearson Higher Education AU. Johansson, S.E., Hjelstrm, T. and Hellman, N., 2016. Accounting for goodwill under IFRS: A critical analysis. Journal of International Accounting, Auditing and Taxation, 27, Pp.13-25.

Willy Essays - Death Of A Salesman, English-language Films, Biff

Willy Loman Character It is every father's dream for their children to grow up and lead a better life than they did and provide for their family better. Willy Loman was no exception to the rule, because he wanted the best for his children from a very young age, especially for his promising son Biff. Biff was loaded with potential as a boy in high school, and Willy recognized it and promoted it more than he needed to. Although Biff sees his life as not a complete failure, his monstrous adolescent potential transformed into years of failure, and blame for this must be put on the shoulders of his father. As the old adage goes, "like father like son." This could be attached to the relationship between Willy and Biff but some would contend that it would be taking a lot away from Willy. While many of his tactics on raising his children were skewed, it is conceivable to say that he worked as hard as he could to provide for his family. He was never afraid of work. No matter how terrible he was at it he was always able to convince himself he was good, which helped him earn the money his family needed. Of all the terrible things, though, that Biff took from his father hard work was not one of them. Hard work is something that Biff can never say he was a part of. He always looked for the easy way out and when he found it he took it. People will contend that Biff is not a failure only because Willy messed up raising him. They would say that Willy may not have been the best father but it was Biff who made the decisions that ruined his own life. Decisions that Willy had no control over. Is that really true though? Willy had a complete influence on those decisions because the only ways in life Biff knew were the ones that he was shown growing up by his father. As a star football player in high school, Biff had it all. As Happy unmistakably said, "he has a group of girl's following him everywhere, now that he's captain." Growing up Biff idolized his father, and the attention was returned from Willy to him. Willy saw his son as a child who could do no wrong. Willy pushed him to have a "conquer the world" attitude which he thought would push him to success. It was a selfish action though because Willy wanted Biff to succeed only so he could feel as though he had done a good job raising him. Unbridled potential like Biff had, sometimes needs to be allowed to develop on its own and not be prodded and urged the way Willy did. Obviously Biff did not respond to the pressure and stress that Willy put him under at a young age so his talents and ability were wasted throughout his whole life. Willy's downfall as a parent was not that he wasn't interested or involved in his son's life, but rather his neglect to see what Biff needed from his father. From his youth as well, Biff was influenced by Willy regarding illegalities such as stealing and lying. Willy felt as though Biff should, and could, make his own rules for life. When he stole a football from the team he was praised rather than scolded by his father. Willy thought, "coach will probably congratulate you on your initiative." He let Biff drive without a license as well as encouraging him to steal from a nearby construction site. Willy was ignorant to that fact that Biff was a different person than he was. Willy was so caught up in the fact that his set of morals (or lack there of) was successful that he preached them to Biff, where in fact the only reason Willy saw them as successful was because he was so optimistic/unrealistic in looking at his own life. As a result of incident like these Biff never learned right from wrong, which haunted him later in life. Biff spoke so beautifully and eloquently about the Dakotas and Texas, that it seemed as though those were places he could succeed in and spend the rest of his life in prosperity. However, he was not able to hold down jobs in those areas because of stealing incidents. Had steeling been discouraged or even not been promoted in his life from an early age he might have been able to settle down in an

Consumer Behaviour used to Manipulate Consumers

Table of Contents Introduction 4p’s effect on behaviour, cognition, effect 4p’s effect on the stages of decision making Effect of marketing mix on consumer perception 4p’s effect on motivation conflict Conclusion Reference List Introduction The question that is often asked by most business managers today concerns the ability of firms to meet the needs and expectations of customers. Meeting these demands and expectations entails comprehending the marketing environment.Advertising We will write a custom essay sample on Consumer Behaviour used to Manipulate Consumers specifically for you for only $16.05 $11/page Learn More This paper explores the value of customer behaviour knowledge on the ability of firms to manipulate the customers. The paper focuses on the value of consumer behaviour knowledge on the marketing mix. 4p’s effect on behaviour, cognition, effect According to Sahney (n.d.), consumer behaviour is determined by three key elements. These elements include effect, knowledge, and behaviour. Behaviour is the visible action of the consumer that is translated into the decision of a consumer to purchase or not purchase a given product. Any alteration of the elements of marketing mix results in change in customer behaviour (Sahney n.d.). Cognition entails the manner in which customers process the information in the market as they seek to reach critical decisions concerning products and services. Therefore, altering the orientation of a brand by focusing on any of the marketing mix elements can have significant effects on the way consumers process information on a given product or brand in the market (Sahney n.d.). The decisions of consumers can be comprehended from what the feelings that the consumer hold about the good or service. Comprehending the factors that determine the variation in the intensity and level of persistence of these feelings is an important factor in altering the patterns of fee lings through making meaning adjustments in the marketing mix (Sahney n.d.). 4p’s effect on the stages of decision making Research in marketing has ascertained that consumers make several considerations before making decisions for or against certain products and services in the market. This is represented in the five stages of customer decision making. It is important for marketing executives to comprehend the consumer decision making continuum to develop marketing strategies that can aid in altering the behaviour of consumers (Pride Ferrell 2012). For instance, altering the price of a product can result in a reconsideration of a given product.Advertising Looking for essay on business economics? Let's see if we can help you! Get your first paper with 15% OFF Learn More Therefore, at every stage of decision marketing, an adjustment in any of the elements of marketing mix has the potential to affect the view of the customer. This, consequently, affects the final decision (Dibb, 2012). Effect of marketing mix on consumer perception The perception of consumers about a given product or service depends on several factors. Most of the attributes of products or services from which consumers gather and process information on the product are embedded in the marketing mix. The perception can be easily altered by altering the brand (Parsons, 2013). 4p’s effect on motivation conflict The drive of consumers to satisfy their needs through goods and services is something that ought to be given attention by marketing executives. Consumers are torn between the forces of acceptance and refusal of a product when the product is not clearly defined to them. However, the application of the marketing mix often eliminates the psychological war with the consumer by making them to choose among the desirable features of a product or a service (Kimmel 2013). Conclusion From the discussion in the paper, it can be argued that consumer behaviour knowledge is cri tical in the development of effective marketing decisions. Understanding the behaviour of consumers makes it easy for firms to alter the marketing mix elements in their favour. Reference List Dibb, S 2012, Marketing briefs: a revision and study guide, Routledge, London. Kimmel, AJ 2013, Psychological foundations of marketing, Routledge, New York, NY.Advertising We will write a custom essay sample on Consumer Behaviour used to Manipulate Consumers specifically for you for only $16.05 $11/page Learn More Parsons, AL 2013, ‘The consumer mind: Brand perception and implications for marketers’, Journal of Consumer Marketing, vol. 30 no. 3, pp. 310-311. Pride, WM, Ferrell, ‎OC 2012, Foundation of marketing, 5th ed., Cengage Learning, Stamford. Sahney, H n.d, Module-1: Consumer behavior. Web. This essay on Consumer Behaviour used to Manipulate Consumers was written and submitted by user Jeram1ah to help you with your own studies. You are free to use it for research and reference purposes in order to write your own paper; however, you must cite it accordingly. You can donate your paper here.

Why you should share your opinions out loudâ€not over email

Why you should share your opinions out loud- not over email Who among us hasn’t been in this situation: You receive an email or text from someone you know and wonder, â€Å"What did they mean by that?† â€Å"Are they mad at me- or maybe they were just in a rush† The truth is, although email has made it easier than ever before to send and receive messages with all of the people in our lives- from friends and family members to professional contacts and more- it can be argued that the ease and convenience we’ve gained from modern forms of conversing have been offset by an unfortunate increase in a more impersonal approach to communication, and more opportunities for the mistranslation of a message’s meaning and intent. For humans- and for all animals, really- things like context, body language, and emotion factor heavily into how messages are delivered and received, and when these things are taken out of the equation, which happens when communicating over email, trouble can ensue.According to a recent Psycholog y Today article, â€Å"Research by UCLA psychology professor emeritus Albert Mehrabian found that 7 percent of a message was derived from the words, 38 percent from the intonation, and 55 percent from the facial expression or  body language. In other words, the vast majority of communication is not carried by our words alone†¦Not surprisingly, research shows we communicate most effectively in real-life, real-time conversation.†Just think about it- if only 7% of our messages are derived from the actual words we use, that’s a whopping 93% that’s left to speculation, guesswork, and possible misinterpretation when we communicate over email without the helpful cues that face-to-face communication provides!This gets especially important when you’re talking with someone about a potentially controversial subject or have opposing views on a topic. According to a recent article on Ladders, when we’re facing someone with a point of view that’s i n opposition to our own, we respond more favorably and humanely when the conversations includes voice vs. words, which helps to keep discourse civil.The Ladders article suggests that vocal communication may be a better vehicle for controversial conversations because â€Å"those vocal tics of inflection, intonation, and normal pauses humanize us in ways that get lost over a text message where emotion is implied in emoji and punctuation, and tone is easy to miscommunicate†¦If you want your controversial take to be seen as more than mindless drivel, get off your keyboard and give the person a call.†This information can have a profound effect on how we operate at work. These days, so much of our work lives are spent alone at our desks, silently typing away a volley of email missives on our computers and phones all day. With the volume of email we send out, it would be quite a challenge to stop and think about how each and every message we send will be construed by every rece iver- that would be exhausting!Therefore, some general rules of thumb might be helpful here: use email when sending simple and straightforward messages that are free from emotion, critical evaluation, and potentially controversial opinions. If your messages do contain these items, consider stepping away from your keyboard and engaging in a face-to-face conversation- old-fashioned perhaps, but it just might save you from an uncomfortable, awkward, or embarrassing situation.

Peer review Essay Example | Topics and Well Written Essays - 250 words - 15

Peer review - Essay Example In Psalm 106:3, God says, â€Å"Blessed are they who maintain justice, who constantly do what is right†. As a result, organizations have to ensure that they protect every employee from any violation of their human rights. In addition, the paper highlights the importance of training in fighting the vice. Educating employees about the problem is an effective approach in minimizing its occurrence (Cooper & Schindler, 2014). However, the paper has failed to focus on the importance of punishing individuals who perpetrate such actions at the workplace. Any person who harasses a colleague or a junior employee should face serious consequences. Besides losing their job, there should be further punitive measures taken. The practice would discourage employees from engaging in the practice. As a result, it will protect the image of the organization. In the event that the perpetrator of the practice is a supervisor, the organization may be viewed negatively (Abbott, Elkins, Phillips & Madera, 2014). The victim may feel that it provides an enabling environment for such activities. The organization can encourage such activities by tolerating people who disregard such policies (Buchanan, Settles, Hall, & O’Conner, 2014, p. 689). Abbott, J. L., Elkins, T. J., Phillips, J. S., & Madera, J. M. (2014). Attributing corporate responsibility for sexual harassment: The supervisory connection. Cornell Hospitality Quarterly, 55(4), 376-387. http://dx.doi.org/10.1177/1938965513511145 Buchanan, N. T., Settles, I. H., Hall, A. T., & O’Conner, R. C. (2014). A review of organizational strategies for reducing sexual harassment: Insights from the U.S. military. Journal of Social Issues, 70(4), 687-702.