Financial accounting, management Essay Example | Topics and Well Written Essays - 500 words

Financial accounting, management - Essay Example 2. The role of Financial Accounting is to provide financial information to people outside the organization. Managerial accounting, on the other hand, furnishes financial information relevant for the executives and administrators within the organization. The two mentioned disciplines are focused mainly on compiling and reporting the financial information, while Finance is concerned on managing money and other monetary instruments. Accounting lays down the historical account of financial transactions while finance is more concerned on improving the future financial transactions of a firm. 3. A balance sheet provides a picture of a firm's financial position at a given time. It elaborates the financial position of the firm as being shown by its properties (assets) and what it owes (liabilities and net worth) in a given moment. It actually shows the potentials and the weaknesses that a business has and can also identify business trends particularly on its receivables and payables (Balance Sheets 2003). Each of the accounting convention has different views in accounting for the entries made in the balance sheet.

Deficit, Debt and Political Theory of Government Debt Essay

Deficit, Debt and Political Theory of Government Debt - Essay Example Those who support this theory base it on the following two assumptions: 1. A budget constraint for the government does not mean that the government will have a deficit forever. A tax reduction or increase in expenditure that leads to spending being higher than revenues means that the deficit will have to be financed through a future tax increase or decrease. 2. The second assumption assumes that consumers are rational and will not increase consumption due to a debt financed tax cut. Their being rational means that they will reduce their consumption, because they understand the government’s fiscal policies that the increase in government spending finance through debt, will lead to higher taxes in future. The above assumptions imply that lower taxes and higher government expenditure through increased debt will not affect the economy as a whole (Alesina & Guido, 1990). There are those economists who are against the Ricardian equivalence and argue that a budget deficit can be extr emely dangerous for an economy. According to Ricardians, lower taxes today means higher taxes tomorrow. The opponents see the timing of the expected future tax increase to trickle up to a future generation.... More debt for the government leads to a higher budget deficit (Barro, 1974). Budget Deficit and Public Debt Public debt or government debt is the amount a government owes. A government needs money to finance its expenses. It finances through borrowing from the public by issuing treasury bills or bonds and borrowing from corporations, individuals and foreign governments. The public debt is the outstanding amount borrowed in the past but has not yet been repaid. The size of the public debt is determined by the cumulative amount of borrowing that the government has done. Budget deficit is the excess spending the government has incurred over its income. When the total expenses are subtracted from all income and there is a shortfall, this is known as a budget deficit. The government has spent more money than they can earn. When the income is more than the expenditure this is known as a surplus. The link between budget deficit and public debt is that when a government has a budget deficit it has to get money to finance the deficit and it does this by borrowing which leads to accumulation of more debt. The magnitude of the debt is measured by the debt to GDP ratio (Barro, 1979). Foreign investors will be interested in the debt to GDP ratio, as this clearly indicates the financial position of the economy. A foreign investor will invest in a country that can pay its debt and where the economy is growing. Factors determining an Explosive dynamic Debt to GDP Ratio Public debt increases due to excessive borrowing by the government from issuing treasury bills or bonds and borrowing from foreign governments, individuals and state corporations. GDP is the Gross Domestic Product of an economy and it is the total income from individuals, corporations and the government. Debts are

Analyze movie Essay Example | Topics and Well Written Essays - 1000 words

Analyze movie - Essay Example mummy has brought so many questions to light with regards not only to how worthy these claims are but also to the ancient way of life of the past ancestors. The discovery of a man having a copper ax at a time when such thing was not a thing of imagination also begs the question of how accurate the historical dating and recordings are. Many hypotheses were put to explain the discovery of a body in the mount Alps buried in the glacier, the nature of his death and the accuracy of the scientific technology (James). This amazing discovery is what prompted the scripting and finally production of the movie bearing the title â€Å"Iceman Murder Mystery’’. The movie bears all the processes that were involved from the discovery to the final autopsy procedures conducted on the mummified copse of Otzi. The movie however, according to how it was directed depicts or portrays a different theme all together. According to my understanding, the movie tries to portray the fact that human nature remains the same despite the level of advancement achieved in technology and thinking. For this reason, I tend to share a common understanding with Eduard Egarter Vigl on the connection he felt with the Mummy after looking at his face, position of the body and mortality in general. For this reason, was I to be the director of the movie, I would have named or titled it â€Å"Otzi the Stone Age modern man: A Reflection Of human Socio-cultural connectedness to the Past†. The movie in my observation was cast to reflect in the human nature that never changes despite the number of years that pass by. This is supported by almost all the theories that were put forward to explain the cause of death of the Mummy. The theory that now support this argument even further is the one that is seen to be favoured most about the death resulting from not, an animal, not another skirmishes, not any falling glacier but a person from the inside of where Otzi was coming from. This though not well explained in the

I need write a letter to my parents in brazil, and explain to them Essay

I need write a letter to my parents in brazil, and explain to them what homeland security is and what my future will be in my ne - Essay Example The United States Department of Homeland Security came into existence in 2002 as a consequence of the Homeland Security Act. The Federal Homeland Security is responsible for coordinating the activities of roughly 187 Federal agencies dealing with varied aspects of the US security. The job of the Homeland Security is to prevent terrorist attacks on the US soil and to minimize the damage inflicted by such attacks. A career in such an agency requires a lot of sincerity, dedication, skills and hard work. It is different from the other jobs in the sense that it demands perpetual alertness and a 24 hour commitment from its adherents. However, those who are willing to give their best and utmost, it do promises ample satisfaction and rewards. Besides, the very concept and idea of working to protect the fellow citizens is in itself a source of great pride and motivation. I do believe that I will do really great in this career. Yours lovingly, Name of the Student.

Management information system Research Paper Example | Topics and Well Written Essays - 1750 words

Management information system - Research Paper Example The unparalleled progresses in calculation and communication technologies have made such requirements adaptable into attainable objectives. Thus, a large portion of the world population has its stake in information systems. Invariably, such systems are computer based. Today, more than ever before in the history of human kind, we have an unquenchable thirst for information. The society has changed significantly from the Barbarian to the Agrarian Society, from Agrarian to the Industrial society and from the industrial society to a society dominated by the service sector. People have witnessed the industrial revolution, the advent of automobile and introduction of telephones. Today, people are all living in an information society. It goes without saying that we describe the present times as the information era or the IT age. Underneath this is a tacit acceptance of the fact that not since the advent of the automobile and the introduction of the telephone has an invention, had such wide spread impact on our lives and society as the computer, which has ushered in the information era. ... Notably, organizational management systems that pertain functioning, planning, and running of an organization are very significant. In reference to Lucey (2004), management information system implies chiefly â€Å"organizational information systems which are generally large, sophisticated, structured, and dynamically evolving and of immense commercial value†. In addition, Lucey (2004) notes that computer data structures required to aid administration of a business structure the primary subject of this transcript. Description of the information system and its functions Management information system is a familiar term to most of the managers working in both public and private organizations. These systems are used widely by administrators at central, functioning and superior degrees in an organization. Organizations employ a high number of system analysts and programmers and systems analysts to build numerous management information systems (Lucey, 2004). Obviously, in the educati on of system analysts and programmers in addition to general executives, the subject management information system occupies a key position. A TECOM investments organization in Dubai is no exception. TECOM investment organization develops and manages business parks under Dubai Holdings. TECOM investment holding is a conglomeration of more than four thousand companies. This organization uses information systems in its management and provides information system services to its clients through the Dubai internet city business park. TECOM investment has installed management information systems in different departments which have different goals and objectives. Though Management Information system was envisioned as a single

Design thinking- what is design thinking How might an organization Essay

Design thinking- what is design thinking How might an organization create and sustain competitive advantage through the strateg - Essay Example In case of manufacturing or production, design thinking is a process of generating new ideas regarding a product or a service and then taking required steps for the implementation of those ideas in the product development process. Design thinking relates to the concept of innovation in that both of them are aimed towards putting some new ideas into practice which can improve the business of the company. If, in a market, a product is introduced which was not available before in the market, that product is considered an innovative product with innovative design and functionality that never existed before. Some of the main features of design thinking in organizations include modification of business processes to make them adaptable to the changed business environment, use of latest technology to create new products, and modernization of ideas In this paper, we will discuss the impact of design thinking on the strategic performance of company. The paper will include information on the be nefits of design thinking for companies, as well as the way design thinking and innovation can be used by a hospitality company to achieve competitive advantage in market. 2. ... McCallum (2010) states â€Å"creativity is important, particularly in business to remain competitive, to provide opportunities for staff and to create a fulfilling environment which has no constraints on free thinking†. To achieve competitive advantage, innovation and design thinking are not only required in the product manufacturing processes but also in processes and organizational culture. Stressing on the need for innovation and design thinking, Hunt (2007) states â€Å"a company cannot exist and develop without innovation technologies in the modern competitive world†. Observation and logical thinking is the central point for design thinking. Design thinking also improves decision making and problem solving skills, as well as integrates the use of Blue Ocean strategy which is considered necessary for bringing improvement in the business performance and achieving competitive advantage. Design thinkers create and consider a wide range of options to come up with some p articular decision regarding process change. They basically work to add some unique and inspiring features to products so that they become attractive for customers. It is a fact that customers drive the company towards competitive advantage. The more the customers of a company will have, more will be the chance for the company to achieve competitive edge in the market. Talking about the role of design thinking and innovation in achieving the goals of competitive advantage for companies, Berkun (2007, p.140) states â€Å"the innovation earns you money, is enjoyable to work on, or solves the problem that interests you†. According to Chesbrough (2003), no organization can achieve market domination without bringing

Sales & Sales Management in this current climate Assignment

Sales & Sales Management in this current climate - Assignment Example Internationally, the profitability of the traditional banking activities has been declining on the past few years. This has been accompanied with massive growth in the financial market owing to globalization of the market, increasing innovation and technology, abundance of new financial products and adoption of enhanced risk management strategies. These developments have enabled the international financial industry to experience immense growth even in the face of decline in the traditional services profits. The Bank of Ireland Finance (BIF) offers various finance packages for its clients. The introduction of the motor finance service by the bank has greatly contributed to its growth. This product is not regulated by the central bank policies allowing for the bank to be flexible. The Irish economy has experienced tremendous growth for the past 15 years. This has created an opportunity for the banking industry to offer improved services and products to the market. The motor finance service is a product by the bank that lends money to their clients to pay for their motor vehicles. This product offers the client the advantage of acquiring the vehicle without liquid cash. They are thus able to repay the loan in installments at an interest. The innovation of such services has lead to the development and growth of the banking industry in Ireland. The banking industry has undergone tremendous growth with the globalization of the market. The formation of the European Union market for the banking sector has increased competition in the market. Furthermore, other lending firms in Ireland have come up increasing the competition facing the bank of Ireland. The increased competition is accompanied by a change in the consumer needs. This has prompted the banks to offer other services in order to retain it market position (Best, 2012). However, this industry has been facing various challenges facing some of the