6AC001 Advanced Financial reporting The WritePass Journal

6AC001 Advanced Financial reporting 1.0 Introduction 6AC001 Advanced Financial reporting . Perry, J and Nolke, A. (2006). The political economy of International Accounting Standards. Review of International Political Economy. 13 (4), p559-586. Kang, G and Lin, J. (2011). Effects of the Type of Accounting Standards and Motivation on Financial Reporting Decision. Journal of Accounting, Business Management. 18 (2), p84-104. Masson, D. (2008). Advanced Issues in Financial Statement Analysis. Business Credit. 110 (8), p35-35. Wallich, H. (2008). Effect of taxation on investment. Harvard Business Review. 23 (4), p442-450. Alan Robb and Susan Newberry Robb (2007), â€Å"Globalization: Governmental Accounting and International Financial Reporting Standards†. Socio-Economic Review, pp. 12-15   Barry J , and Eva K (2008), â€Å"Wiley IFRS Policies and Procedures†. John Wiley Sons, pp. 41-45 Madsen, P. (2011). How Standardized Is Accounting?. Accounting Review. 86 (5), p1679-1708.

Against Helmet Laws

Against Helmet Laws Aaron SandersAaron RaceEnglish 102Helmets are Head KillersImagine riding along in a car and you see a couple of guys pulling up on motorcycles. It is noticed that one of them has a sticker on his helmet that reads " I wear this helmet against my will" and the other has a shirt on that says "Helmet laws suck", or "I wear a helmet cause I have to not because I want to". To some, they probably think the riders a couple of whiners, that they do not have any real reason for the complaints. After all, motorists all around them are sitting in their cars wearing seatbelts which is required by law and they do not have a T-shirt or bumper sticker saying they do it against their will. A lot of people think helmet laws are a good idea, that they save lives, prevent serious head injuries, and keep health and auto insurance rates down.Valentino Rossi's AGV helmetsThese people think those that complain about the laws are crying over spilled milk, and do not have any real reasons to complain. "Weari ng a helmet can not be that bad".The truth is, most people do not ride motorcycles and are not aware of the dangers, misconceptions, and inconveniences that come with mandatory helmet laws. These people are the cause of the problem the helmet law really is because they are the majority and the majority rules in America. The majority of riders that were interviewed were against any laws that require helmet use with no exceptions. These riders think laws that require a person to wear a helmet are harmful, inconvenient, infringe on basic civil rights, and cause more problems than they solve even if they believe helmets offer more protection and they wear helmets themselves. Riders are...

Network Risk Assestment Research Paper Example | Topics and Well Written Essays - 1250 words

Network Risk Assestment - Research Paper Example The network layout of I.T soft requires an expandable and efficient network that will fulfill the requirements of the company. Advanced security features are also required in order to protect the VoIP traffic and preserve network availability. As I.T soft an automated business support network. The network is utilizing latest technology in terms of both hardware and software, however cost considerations cannot be ignored as the company is an SME. The software technology includes the new innovative network that supports the following: As seen in Fig 1.1, there is no protection on the Internet connection that is terminating on the router. The connectivity from the router to the two data switches i.e. switch connecting to the data center and the second switch connecting the access points also have no protection. However, MacAfee EPO is installed on the server and on the workstations as well. The centralized anti- virus works on defined policies and scans workstations, USB drives and downloads from the Internet. In this scenario, if any threat enters the network from the Internet and penetrates in the server hosting Mcafee EPO server, it will certainly corrupt the operating system and consequently, infect the EPO server as well. Identified risks from the Internet are virus and malicious codes. For physically securing the information systems, there are no physical controls currently. As shown in Fig 1.2, there are no physical controls on the data center and everyone can enter without verification and authentication. The sales database and customer database are connected to the switch. Every request from the users is redirected to the router, where the router checks the Access Control List (ACL). In this scenario, the accounts staff has permissions to access these servers. However, all the other users on the network are restricted to access these servers. I.T soft has configured an email server to provide email

Paper Essay Example | Topics and Well Written Essays - 250 words - 16

Paper - Essay Example Other established businesses have sufficient capital for investment and offer substitute products for students who arrive in college late at nights (Bradford, n.p). This is because the students cannot afford taxis to access the other outlets that sell healthy foods at high prices so their only option is to visit the nearby restaurants. Indirect competitors would be those restaurants offering a substitute for our product. Apart from offering pizzas and barbeques, the indirect competitors also provide substitute products such as soft and energy drinks (Bradford, n.p). This is in relation to the use of similar marketing mix that targets the same customer bases. As a result, it is essential to adopt a strategic option that attempts to counter the emerging competition. For instance, in order for our company to attract more clients and beat competition, it is vital to offer healthier foods that do not contain many calories. The market opportunity exposed in the dining industry is that the direct competitors cannot provide healthy foods at cheaper prices and so it is our intention to improve on this service by supplying clean and nutritious foodstuffs at reasonable

MRSA Infection Research Paper Example | Topics and Well Written Essays - 2000 words

MRSA Infection - Research Paper Example Antibiotics used to treat ordinary S. aureus infections are rendered useless in case of MRSA. Infection occurring in healthcare settings is called health care-associated MRSA (HA-MRSA) while that occurring in the community, among healthy individuals, is called community-associated MRSA (CA-MRSA) (mayoclinic.org 1). HA-MRSA infections are generally acquired through invasive procedures or clinical devices such as artificial joints, surgeries, intravenous tubings, and catheters while CA-MRSA generally spreads through skin contact among child care workers, high school wrestlers and people living in crowded areas (mayoclinic.org 1). MRSA infection occurs in various parts of the body and owing to its antibiotic resistance, it is difficult to treat. Mild infections result in boils and sores on the skin. MRSA can also infect lungs, urinary tract, and bloodstream (webmd.com 1). There has been an alarming spread in the incidence of tough MRSA strains and because of its antibiotic resistance, MRSA is also called superbug (webmd.com 1). As per CDC, less than 2% of the US population carries MRSA (mayoclinic.org 3). MRSA was discovered in 1961 and research has shown that, like ordinary strains of S. aureus, it is also carried by many healthy people on their bodies, especially their noses (Matheson et al. 299). MRSA infection is common among those with a weaker immune system and while it is commonly a hospital-acquired the infection, its incidence in people who have not been hospitalized has become recently significant (webmd.com 1).

The Early Years Foundation Stage

The Early Years Foundation Stage A framework was designed and developed and came into action on 13 March 2007 and forced into action by September 2008 and is called as EYFS i.e. Early Years Foundation Stage This framework has revolutionised the learning methods and is a framework for the enhancing learning, care and improving the skills and development of children in all the spheres of life when they are in a age group of 0 to 5 years. The Early Years Foundation Stage Profile was the new name for the Foundation Stage Profile from September 2008 with its content remaining as such. Mainly 6 stages are there in EYFS for Learning and Development. This is equally important and is usually connected to one another. These stages of Learning and Development are collaborated inside the rules listed for EYFS. The various areas where Development and Learning could be enhanced are: Development in personal ,social and emotional spheres Communication Solving and Reasoning capacity of children Understanding the surroundings and grasping knowledge from surroundings. Development enhancing physical strength Development enhancing creative strength Most of the review conducted on the Primary Curriculum and other independent Cambridge Primary Review has highlighted the requirement to re-think and remodel the childrens educational experiences provided in English classrooms for students between the ages group of five and seven. Recently government initiative has provided new experiences. In early primary years education being adult directed and conducted generally in whole-class groups, in a small place for playing and should be self-initiated learning. This is familiar in Early Years Foundation Stage (EYFS) which controls the education of children from birth to five years. This discontinuous pedagogy has resulted in concerns at levels like national and local levels. This study describes the complete efforts put in by teachers in one English local authority for developing practice in respective classrooms which generally is less formal and more teacher-led and desires more to the requirements and interests children in age group of 0 to 5 years. It explains the reasons for participation of teachers in this project, new difficulties and hurdles faced and the result and understanding for both teachers and children. Discussion PERSONAL, SOCIAL AND EMOTIONAL DEVELOPMENT Care is taken for the childrens development with a positive attitudes and good behaviour. Individual attention is given to every child with love and care. For listening and talking, children are provided an opportunity. They share their toys and work together on activities. Children should be praise for their success by rewarding their positive behaviour and good manners. Children must be shared with experiences which will develop positive sense that will help them in interacting with surroundings; giving respect to their teachers and parents; social skills; the attitude which will allow them to gain knowledge. Adults should give children opportunities for interaction with others so that children can grasp positive ideas from society they live in. When closed relationships are explored it generally leads to the growth of self-assurance thus it leads to promoting sense of belongingness that helps in children to explore the environment surrounding in them in a more secured way. Children must be encouraged for freely expressing their thoughts and their ideas, their emotions like sadness, frustration, joy and fear and can also develop means of managing new challenges and stressful conditions. COMMUNICATION, LANGUAGE AND LITERACY Every child should talk to each other in small groups for development of extended vocabulary and better communication skills. They go through the books and rhymes through the tapes and books for re enactment of the plays. They use word games, phonics, alphabets and play all around for the written language. Children there mark marking so that they can improve their hand and eye coordination which will help in writing when they grow older. Generally children use the language learnt for sharing and expressing their experiences. Their actions represent their thinking and how they react to events which we called as their language of thinking. Children over the time gather understanding about spoken sounds and they learn how to link different sounds and use gained knowledge writing and reading simple words. Young Child is in company of people whom they love and respect and loving relationships for e.g. family group situation, a person on which they have trust. Generally babies respond differently to every sound easily distinguish different sound patterns. Children use voices for making contact and letting people understand what is needed and what their feelings are. Once children develop skills of speaking their foundations for education is built and using the visual signs and finally preparing for reading and writing. They need to be given opportunities for working with others and exposure to resources for enhancing their knowledge like reading and writing. PROBLEM SOLVING, REASONING AND NUMERACY As we can see parents and teachers shall support the children for developing their understanding in solving Problem, developing a Reasoning and numerical aptitude using this they can easily find, learn and enjoy and understanding their environment. Childrens mathematical development occurs as they find patterns, make connections and remember relationships through searching out and working on counts and number matching and further sorting of accounts by comparing size, shape and measures. This derived skill is used by children to solve problems, ask new questions and make connections across different areas of Learning and Development. While talking about shapes and quantity, children use their knowledge and experience to develop ideas and to solve mathematical and other problems. KNOWLEDGE AND UNDERSTANDING OF THE WORLD Usually the life of child consists of learning the world that is around an individual. They talk of all things like how different things work and explaining for the reason why a particular thing occurred enjoy cooking and playing with clay. Generally they find all around the experience for natural world with wide range of seasons to hunt mini beasts. Children elaborate further the water, building and sand for construction own world of imagination. Babies and children need opportunities to understand means of life, methods giving correct information developing an attitude which keeps them positive in all condition and have a understanding behaviour for others. Children must be given help so that they can learn how to respect and keep the values of elders and understanding the need to avoid negative attitudes towards others PHYSICAL DEVELOPMENT Children should be given a very healthy life style including rest, exercise, and eating healthy food. These children shall be given balanced food to encourage them in spending time to outside location daily. Children develop good hygiene practices like washing hands after toilet usage and before meal. Usually good and well being in physical strength allows children to enjoy the positive benefits provided by keeping themselves active and healthy. Babies gain by being active and the development takes place all along the areas thus resulting in gaining in confidence in what they can do and develop a positive sense of well-being. CREATIVE DEVELOPMENT Creative Development means to explore with art and craft activities which include draw, paint, construct, stick as well as print largely. Children are very imaginative and thus can create their own pretending world. They love being chef working in kitchens, or sometimes working at bench for carpenter role. They love music making along with various instruments, rhymes and songs. Creativity develops children to gain experiences from their own explorations of surroundings, and expressing their feelings using different movements or by making things with the help of different materials existing in surroundings. Creativity helps children in exploring many functions for e.g. materials and media for creating new things which come out as a result. Childrens always react to their surroundings i.e. their experiences of watching, listening, experiences gathered using their sense organs and the manner in which they provide experiences is unique and valuable. Children learn in variety of ways and all have different interests so proper planning should be done for every child. Observation must be taken on baby to plan the best possible learning opportunities. For all children learning starts from birth. The EYFS is helpful for practitioners to enable right experience of play for children in development of all set of possibilities. It will enable practitioners to find your childs strengths and areas they want greater help for developing new skills, while for newly born babies this is crucial factor to make one feel comfortable all around it. This can be further aided with key persons role in settings that result in knowing positive relations of child. As per EYFS, the place where a child is cared to get an education for the age till five years, it uses similar principles, and is provided with principled approach for development and learning. These babies at inception stage gains a lot by the way of plays and the practitioners treat them in a way to make them learn the plays at stages for support and development of new skill set. All of the arenas are equivalent in importance with number of activities to cover number of areas to divide each of them in various stages and the practitioners can detect the sources for development and better operational activities performance. METHODOLOGY The methodology was made to identify how children perceive their experiences of a range of early years settings, and to provide information an understanding of the effectiveness and limitations of the EYFS in setting a play-based and participative approach to learning. The qualitative research design was formed around the four EYFS principles and the related themes and commitments2 (DCSF, 2008a, p9): A Unique Child (Child Development, Inclusive Practice, Health and Well Being). Positive Relationship which means respecting teachers and class fellows etc. Enabling Environment (Observation, Assessment, Planning, Support). Learning and Development (Active Learning, Areas of Learning and Development). According to Mosaic approach (Clarke and Moss, 2001) and participatory rural appraisal techniques (OKane, 2000), a verity of participative activities with children were designed to correlate with each of these 4 broad themes and to address the 4 commitments within each one. A sample of 15 case study settings selected from across 4 Local Authorities drawn from 2 government regions in north England. It comprise of 2 childrens centres, 2 reception classes, 3 maintained nursery classes, 2 private nurseries, 1 voluntary sector setting, 1 independent school, one out-of-school setting, 4 childminders and 1 Steiner kindergarten. The sample was selected to include children growing up in urban and rural areas of social advantage and deprivation, and ethnical different communities. Children in both full day-care and sessional care are included. 146 children achieved the aim to represent a vast range of children except in relation to sampling disabled children. Research activities, based on the EYFS themes, were designed to incorporate a different strategy for promoting talk between researchers and children to explore: Unique Child how good early years settings acts to the uniqueness and difference of children. A Positive Relationships how children view the importance of their relationships with close ones and with practitioners. Enabling Environment how children responds early years settings and the extent to which these provide them with good opportunities. Learning and Development It is very important as childrens response and thinking about learning and development in their settings is developed. To gather knowledge about how well early years settings were responding to the uniqueness and difference of children, a 1 to 1 activity was used, to generate a digital picture book called My Best Day, which is based on the childs best day in a setting. Alongside this we collect information about childrens relationship within settings by using an adaptation of a floor based graphical or visual mapping game. To collect information about how children respond the environment of their setting, an adaptation of the Mosaic approach tour devised. Finally, to collect information about childrens experiences of learning and development, we used data of childrens learning, and called as Learning Journeys, which prompts to conversation. Participant experiences were also undertaken with each child or small groups of children. Presentation of data In the seven key scales of Personal, Social Emotional development (PSE) and Communication, Language and Literacy (CLL): à ¢Ã¢â€š ¬Ã‚ ¢ 61.1 percent of girls achieved 6 or more points in every the scales, this compares to 42.8% of boys, a difference of 18.3 % points. This difference has increased since 2008 when it was 17.3 % points. The chart below provides information about the percentage of pupils and their development in each of these 7 key scales. Figure below shows details on EYFS conducted in PSE and CLL scales in the year 2009. 24.7 % of boys are classified as being the lowest achieving 20 % of pupils , this compares to 15.1 % for girls. These percentages have been relatively stable since 2007. Conclusion Most of the study suggests for early years practitioners said that: effective early years practitioners will define the time and relevant activities which are useful in a space in daily routine of life to reflect. This daily schedule will be responsible for the well being of children and they will also gain knowledge. This report aims to present proofs of that combination in various early years settings from childrens views. Thereby, the aim is also to gain insight into childrens perspectives of their own well-being and learning in those cases. Studies have shown that children must be encouraged for freely expressing their thoughts and their ideas, their emotions like sadness, frustration, joy and fear and can also develop means of managing new challenges and stressful conditions. Closed relationships were explored it and its learning led to the growth of self-assurance thus it leads to promoting sense of belongingness that helps in children to explore the environment surrounding in them in a more secured way. Although many of the proofs reported here are set with themes, commitments and guidance in the EYFS, it was also known that there are omissions in the EYFS, in part as a result of emphasis laid on children since the end benefits of a this daily schedule called curriculum generated by adults. The theme of children taking care is one such omission which we have pointed to as evident in childrens clear need to engage with the world around them, to show the know how they have about their surroundings and to maintain a category of types of relationships. The 6 areas of Learning and Development together enhance and improve their skills, experiences and improve their knowledge as this is a important aspect for children during their growth. These are presented as different areas which include remembering that the entire tasks link together for children and none of these shall be compartmentalized. The problem faced by most of the practitioners is to confirm whether the learning of childrens is an output of their individual interests in planning for learning and development takes place.

Steroid Use in Sports :: Papers Steroids Drugs Essays

Steroid Use in Sports Steroid use has become very common in the world of athletics. Steroids are no longer just used by body builders. Steroids are now becoming widely used in all sports such as baseball, football, track and field, and ice hockey. Steroids have become easy for just about anyone to get their hands on them. This has become a serious problem that needs to be taken care of immediately. A steroid is a laboratory-made version of the human hormone testosterone, which is primarily found in males. Steroids are taken by athletes to enhance the growth of muscles. There are however, certain kinds of steroids that do enhance the growth of bones. The use of steroids creates many risks that are often looked over when compared to the benefits. Some of these risks include damaging important body organs such as the liver and kidneys; some of the other risks include shrinkage of testicles in men and they may create bad breakouts of acne. There are also other side effects which result in thicker skin and courser facial hair (Mihoces, 2000) (Conaway, 1998). The problem of steroid use exists everywhere including all ages from young middle school students to forty-year-old men. A Penn State professor states in the USA Today web site that approximately 175,000 teenage girls and 375,000 teenage boys have used steroids at one time or another (Michoces, 2000). This is a serious problem when teenage boys and girls are using steroids. Unless using one specific steroid, all of these teenagers are going to stunt their growth because the most common steroids used completely halt the growth of bones and increase the growth of muscles. Many people take steroids for many different reasons but most of the athletes that take steroids take them for one reason and that is to become better at what they do. Some of the reasons that athletes take steroids are because the competition is so high. In the sport of Major League Baseball for instance, only around seven hundred players participate in a single season. There are approximately 7,100 players that play professional baseball all together, including the minor leagues. The average career in the major leagues only lasts 2.7 years. This is a rather short career and considering the amount of money to be made, every player would like to play as long as he possibly can.

Personal Finance Concepts Investing Essay

According to the finance researchers a portfolio refers to an appropriate collection of investments for an institution or a single individual. An investment portfolio is constructed by financial advisors or a retainer their main task involves investment analysis that are useful; during purchasing of stocks and bonds, and other business assets. . Cliff uses his present finances to determine his future holding and finance position. Cliff financial statement seems to spread in many fields, he invests in fixed assets and even before he could fully exploit his new investment strategy he is already investing in shares and bonds. Basically this is diversification and investing assets such as bonds and shares in such a scenario is exposing a high percentage of ones investment at risk (Grant 2005). Cliff is a risk taker hence he is more likely to invest in income securities and unwarranted investment such as the equities. Hence Cliff will tend to have very low cash holding and shares, in addition he is not expected to hold high levels of securities as savings since his age is allows him to have a long time to invest in most cases age is a great determinate in an individuals saving amount and investment, though Cliff will tend to save for his future plans such as his wedding plans, his marginal propensity to save will still be quite low. Since Cliff is earning an approximate of $340000 he I expected to distribute his earning to his present and future expenses, A great source of cliff’s finances is in terms of bonds and shares which are a good way to invest but the shortcoming with Cliff’s investment is the fact that he did not take a good research before imposing a big sum of his money into the investment, the investment in bonds and shares involve a high percentage of risk and for that reason if they are not carefully researched on they bring high degrees of losses or very little profits. In that light they are not included in the construction of a portfolio, instead the items that can be included in the construction of a portfolio are savings, cash at hand and revenue that is already attained or the degree of risk is not too high. Using Cliff’s example he can spread his earning such 30% of his total earnings is equities, 40% income securities, 20% sundry expenses and 10 % as savings. The assumption is that cliff is a young risk taker hence his securities will tend to be and also his savings and cash. Â  Below is an example of Cliff’s portfolio: References Frasca , R, (2006) – Personal Finances: An Integrated Planning Approach, 7th Ed – Pearson Prentiss Hall Grant, R (2005) – Contemporary Strategy Analysis – Blackwell Publishing Karnani, A (1981) – Business Portfolio: an analytical Approach – Harvard Publishing .

Pet Identification essays

Pet Identification essays Have you ever lost a pet? If you have you know that it is a long drawn out process of telephone calls to the shelter, making photocopies of fliers, and distributing the fliers around town. This may be a problem for you, but think of it on a larger scale, of all of the pets that are lost. Believe it or not, there is a huge problem today with over crowded animal shelters. As a matter of fact, the United States the rate at which lost pets are returned to their owner is only 14%. This creates a huge number of animals that are left unidentified and unclaimed. Because of the mass number of animals, the shelters have had to compensate by euthanising these animals. In fact, more than 26,000 animals where euthanized in Oklahoma City alone last year, and an estimated 20 million in America. If your not careful, your pet could be one of the 26,000 next year. Besides the overwhelming numbers of animals in the shelters due to not spaying or neutering animals, one cause is the inefficiency of the current identification system. The most common forms of identification are tags and tattoos. These methods fail though. First of all, the tags are usually held on by a flimsy aluminum ring and are attached to collars. When the dog escapes the back yard, and is running around the neighborhood it is easy to see that the tags usually fall off or the collars break while they are going through trees or under fences. Tattoos, on the other hand, are more permanent and seem like a logical solution to the plan. Unfortunately they are as inefficient though. Unlike cattle identification where the brand must be located on the back right thigh, there is no specific location where the tattoo must be located on small animals. Plus dogs and cats are much hairier, and when dirty, it is almost impossible to see their skin much less a tattoo, if they even hav e one. Therefore, tattoos are hard to see, hard to read, and even harder to recognize. Using it as a w...

Simple Japanese Phrases

Simple Japanese Phrases   This is a collection of easy Japanese phrases. Speaking Japanese shouldnt be too complicated even for beginners. Try these simple phrases whenever you have a chance. The more you practice, the better you get! The Japanese writings for each phrase are included for your reading and writing practice. If you have any questions, please  email me. For your convenience I have broken the phrases into three sections. Please scroll down to see all sections. Level 1 *  Question Words*  Ã‚  Responding*  Ã‚  Responding in  Agreement Part1*  Ã‚  Responding in  Agreement Part2*  Ã‚  Disagreement Responses*  Ã‚  Refusal*  Ã‚  Request/Command*  Ã‚  Unfavorable Responses*  Ã‚  Praising Appearance*  Ã‚  Praising Characteristics*  Ã‚  Praising Intelligence*  Ã‚  Emergency*  Ã‚  Useful Expressions*  Ã‚  Useful Adjectives*  Ã‚  Basic Verbs*  Ã‚  Useful AdverbsLevel 2 *  Greetings*  Partings*  Asking How*  Various Questions Part 1*  Various Questions Part 2*  Responding in  Agreement Part 1*  Responding in  Agreement Part 2*  Disagreement Responses*  Refusal*  Command*  Command (Dont ~)*  Encouragement*  Surprise*  Happiness*  Anger*  Sadness*  Weather*  Useful Expressions - At the Restaurant*  Useful Expressions - Shopping*  Useful Expressions - At a Party Level 3 *  Greetings*  Various Questions Part 1*  Various Questions Part 2*  Responding in Agreement*  Disagreement Responses*  Refusal*  Permissions*  Command*  Common Expressions for the Unknown*  Exclamatory Expressions*  Expressions of Disappointment*  Asking Permissions*  Happiness*  Anger*  Weather*  Useful Expressions - At the Restaurant*  Useful Expressions - Paying the Bills*  Useful Expressions - At a Party/Celebration*  Useful Expressions - At the Hotel*  Meeting a Famous Japanese Person

Examining a Business Failure Essay Example | Topics and Well Written Essays - 1000 words - 1

Examining a Business Failure - Essay Example Two other recruitments to follow were that of Rebecca Mark and Jeff Skilling, both of whom were close accomplices of the CEO, and both of them strong enough to head new business lines of Enron. The CEO’s strong political back-up also helped the cause. While these new executives helped Enron spread its wings internationally into the energy market and energy financing, there was an unhealthy inter-personnel rivalry going on in the organization. The exit of Kinder as President fuelled the rivalry further, after Skilling was promoted as President of Enron. Mergers and acquisitions were a part of life at Enron, and soon the conglomerate, which started as a gas pipeline company, ventured into energy trading, and subsequently launched into new markets such as metals, paper, water and bandwidth. Enron was known as a â€Å"Takeover Tycoon† with a â€Å"Midas-touch†. However, most of these merger and acquisition decisions were taken not professionally, but for personal interests of the top executives who wanted to flex their own muscles within the organization to out power the other. Much to the surprise of the corporate world, the Enron ‘bubble’ burst in the year 2001, and investigations into this matter opened a can of worms, revealing that it was not only the Enron executives, but also the legal advisors, their accounting firm and security brokers were a part of the scandal. Keep a fair distance between political influence and business. Too much of political influence on business could prove hazardous. As for Enron’s case, their proximity to the political system helped them easily garner deregulations and other macro issues in their favor, much to the agony of the workers, pensioners and other stakeholders. Professional service providers such as that of accountants, lawyers, stock brokers, etc. should keep themselves away from ‘personal interests’ gained

Performance Management Essay Example | Topics and Well Written Essays - 2750 words

Performance Management - Essay Example Firstly I will be basing my argument on the fact that apart from financial measures ‘Non-financial indicators is likely to be used for identifying best practices within cooperative relationships’ (Patelli and Dossi, 2012). Next the team’s activities will be further related with job satisfaction and motivation as a consequence of 360 degree feedback, supervisor skills and work itself. (Shah et al, 2012) A positive relationship can be found between Job Satisfaction and motivation and Reward and Recognition, Supervision and Work itself. The fact that a healthy supervision was maintained through relative feedback and unbiased opinion through rotation of team leaders will be discussed later in the subsequent paragraphs.(Shah et al, 2012). In our 6 weeks of reading and team activities we have been taken through various stages. Every week was characterised by a unique and essential quality of team work, individual performance, relative moderation all of which sum up to g ive a first-hand experience of the following experiences: relationship between professional work and supervision( through weekly activities), supervisory skills (Through weekly rotation of the role of a leader) and balance between nature of work, reward and recognition and intrinsic motivation towards one’s job ... Performance Management in context of group activities Performance Management is not a one-dimensional activity as seen from the weekly group activities, involving not only supervision, but also assessment, emotional understanding, intellectual brainstorming seen in week 2 and 3 activities of questionnaire on a summary and the debate. In the same way Performance Management relies not just on absolute parameters and outcomes but relative analysis. As shared by one of the subsidiaries, ‘In our company, we pay much attention to information-sharing, and relative performance evaluation is one way to learn from each other’ ( Dossi and Patelli, 2012). Reflective analysis of weekly activities The diverse tasks in the first activity like: reading out a summary, comprehending the same and testing the assimilation and understanding through a rapid fire round of question, followed by subsequent critique by the leader and an open discussion gives an all-round practical exposure to Per formance and Talent Management. My group is composed of 6 participants, all of them being female. Participant A is an Australian local, participant B is another Australian local who already has a job and some work experience. Participant C is an international citizen thirty five year of age and having two children. Participants C, D and E are Chinese full time student. I am participant E. As can be observed form the above assimilation of participants. They have a balanced mix of students and professionals, young and middle aged participants, locals and foreign nationals, college graduates, undergraduates and working professionals. Various stages of Forming Storming, Norming, Confirming and