The Importance Of Financial Reporting On Decision Making...

The Importance of Financial Reporting in Decision Making Qin Tang 15025913 Massey University MASSEY UNIVERSITY School of Accountancy/Economics and Finance/Management Lecturer’s Name Paper Number Paper Name Jill Hooks 110.702 Financial Accounting and Reporting Honesty Declaration †¢ I declare that this is an original assignment and is entirely my own work. †¢ Where I have made use of the ideas of other writers, I have acknowledged (referenced) the source in every instance. †¢ Where I have used any diagrams or visuals produced by others, I have acknowledged (referenced) the source in every instance. †¢ This assignment has been prepared exclusively by me for this paper and has not been and will not be submitted as assessed work in any other academic paper. †¢ I am aware of the Code of Student Conduct on the Massey University web site http://www.massey.ac.nz/massey/about-massey/calendar/statutes-and-regulations/code-of-student-conduct.cfm, clause 2 (f), wherein it states [Students shall] â€Å"act with honesty and integrity in submitting material or imparting information to the university†. Assessment Examination Regulations clause (7) clarifies further that â€Å"dishonesty† is a breach of the Code of Student Conduct and will be dealt with accordingly. Family Name Given Name(s) ID number Student Signature Date Tang Qin 15025913 Qin Tang 29/04/2015 The Importance of Financial Reporting in Decision Making Introduction Financial accounting andShow MoreRelatedAn Exploration Of Andrew Lennards Article : Stewardship And The Objective Of Financial Statements1473 Words   |  6 PagesAn Exploration of Andrew Lennard’s Article: â€Å"Stewardship and the Objective of Financial Statements† (Lennard, 2007) An Introduction Andrew Lennard’s article, published in 2007, draws upon the International Accounting Standards Board (IASB)’s and Financial Accounting Standards Board (FASB)’s Preliminary Views (PV) regarding a conceptual framework for financial reporting. 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This report will introduce background of BHP Billiton Ltd. and the growing significance of PPE assets. This report will also discuss the objective of general purpose financial reporting and the fundamental qualitative characteristics of useful financial information. Moreover, we will analyse whether disclosures on BHP Billiton Ltd.’s PPERead MoreThe Reporting Entity Concept Of The Australian Accounting Standards Board1027 Words   |  5 PagesQuestion 1A 1B The Reporting Entity Concept makes up part of the Australian Accounting Standards Board (AASB) Conceptual Framework and has been in use since its inception in Australian Accounting Standards in the early 90s (Hamidi-Ravari, 2014). The creation of Statement of Accounting Concept 1 (SAC 1) has allowed for businesses to determine if they are a reporting entity by outlining the various criteria applicable to such decision making. International Financial Reporting Standards (IFRS, n.d

Attention Deficit Hyperactive Disorder (Adhd) Is The Most

Attention Deficit Hyperactive Disorder (ADHD) is the most diagnosed disorder in America at a staggering 11 percent of the nation s children. That statistic equals to 6.4 million children ages 4-17 being diagnosed with this disorder. According to The Center for Disease Control (CDC), this means more students than ever are being diagnosed with a disorder which makes learning difficult for them. Dealing with this disorder can be extremely difficult as an educator and a student. One of many approaches by educators have been the use of out-of-the-box teaching tools such as exercise balls. Seasoned teachers relying on years of experience will sometimes disregard the realities of ADHD. Most feel they understand what is going on in†¦show more content†¦Sparks study, using tools to allow creative minds to blossom is something he suggests. According to a study published in The Journal of Abnormal Child Psychology, by Cory Armes, M.E suggests hyperactivity may actually help students overcome their attention problems. Running, jumping and even rolling around in class actually helps an ADHD student concentrate. Most ADHD students become restless when they are asked to do a task involving the use of the executive functioning of the brain. Research also shows when students with ADHD were asked to do a task which involved working with memory and organization, students that were given permission to move or fidget performed much better than students who were asked to be still. This study proves the ADHD student’s gross motor movements helps them finish intellectual tasks. In essence if a student with ADHD is allowed to move around and fidget, they will be more successful in their work. What does this mean to the average student and teacher? Studies have shown to help an ADHD student succeed, he or she must be all owed to be hyperactive. How does one control this hyperactive behavior? A wobble chair, an exercise ball as a seat and small fidget devices such as squishy balls, cubes, and spinners can be used by ADHD students to keep them in their space and be less of a distraction for others in the class. Allowances are made for children with wheelchairs along with other disabilities andShow MoreRelatedAttention Deficit Hyperactive Disorder ( Adhd ) And The Frontal Lobe887 Words   |  4 PagesAttention Deficit Hyperactive Disorder (ADHD) and the Frontal Lobes Attention Deficit Disorder (ADD), Attention Deficit Hyperactive Disorder (ADHD) throughout history has been seen as a behavioral issue. The prevalence and attention given to ADD/ADHD as a disorder has not become apparent until more modern times. With the coming of Drugs, treatment seemed to become common and successful. There are many risk factors believed to contribute to developing ADD/ADHD. However, no correlates are indeedRead MoreZinc And Omega-3 Supplements As Adjunctive Drugs In The Treatment Of Adhd Case Study932 Words   |  4 PagesStudy explained the effect of zinc and omega-3 supplements as adjunctive drugs in the treatment of ADHD. Randomized, double-blind clinical trial conducted on 150 children between the 6-15 years for the period of 8 weeks. Besides of the drug of choice for the ADHD, patients’ placebo in the control group, zinc sulphate in the second group, omega-3 in third group. Improvement was checked by the Conners parent and teacher rating scale befo re and after the treatment. Findings showed that significantRead MoreAttention Deficit / Hyperactivity Disorder Essay1244 Words   |  5 PagesAttention-deficit/hyperactivity disorder, also known as ADHD, is one of the most prevalent childhood and adolescence disorder. ADHD world prevalence rates is around 5% and â€Å"range from 1% to 20% among school-age children (Sciotto, †¦2016, p. 35). There is a variability in prevalence rates across countries, which has led to researchers to question whether ADHD diagnosis reflects the norms and biases of western cultures. Even though the diagnosis are thought to reflect western cultures and norms, itRead MoreAttention Deficit Hyperactive Disorder ( Adhd )963 Words   |  4 Pages Attention Deficit Hyperactive Disorder Mizeldrick K. Marshall Holmes Community College Attention Deficit Hyperactive Disorder Attention deficit hyperactivity disorder (ADHD) is a common neurobehavioral disorder most commonly diagnosed in children. Children can be diagnosed as early as the age of 7. Boys and girls can be diagnosed with ADHD but this disorder is seen more in the behavior of boys. Adults can also develop symptoms and be diagnosed as well. It was originally called hyperkineticRead MoreAttention Deficit Hyperactivity Disorder748 Words   |  3 PagesWhat is Attention- Deficit/Hyperactivity Disorder? Well it is one of the most commonly developed disorders among children, teens and adults (National Institute of Mental Health). In fact 5-8% of school-aged children are affected by attention deficit hyperactivity disorder (Mikami, Reuland and Griggs). According to the Mayo Clinic staff, attention deficit hyperactivity disorder is a mental health condition exhibited by difficulty maintaining attention, as well as hyperactivity and impulsive behaviorRead MoreThe Effectiveness of Cognitive Behavioral Therapy on ADHD1064 Words   |  5 PagesThere are limitations to this study, such as this study only considers the effects of ADHD on children and not on adults. The reason that the author decided to focus the research on children is because, as stated before, ADHD is a childhood disorder that should be diagnosed before reaching adulthood. The author of this work believes that if the disorder, and the effects thereof, are addressed during childhood there will be less of an impact on adults, increasing the importance of treatment duringRead MoreOver-Diagnosis Of Attention Deficit Hyperactivity Disorder.1273 Words   |  6 PagesOver-diagnosis of Attention Deficit Hyperactivity Disorder Attention Deficit Hyperactivity Disorder (ADHD) or Attention Deficit Disorder (ADD) is one of the most commonly diagnosed mental disorder among children and adolescents (UCLA). ADHD/ADD usually becomes apparent in children during preschool and early school years. ADHD/ADD affects 3 percent to 5 percent of approximately two million American children (Frequently). Attention Deficit Hyperactivity Disorder (ADHD) or Attention Deficit Disorder (ADD) isRead MoreAttention Deficit Hyperactive Disorder ( Adhd )1162 Words   |  5 PagesWhat is ADHD? â€Å"Attention Deficit Hyperactive Disorder is one of the most common childhood disorders and can continue through adolescence and adulthood† (Attention Deficit Hyperactivity Disorder). ADHD in real terms is the inability to focus. Several people have describe people with ADHD as skirmish, talkative, and have trouble waiting. ADHD has been previously described as ADD (attention deficit disorder) but the only difference is the â€Å"H†. This â€Å"H† describes how this disorder deals with hyperactivityRead MoreEssay On ADHD1259 Words   |  6 Pages Many may ask what the causes of attention-deficit/hyperactive disorders are but the cause of ADHD is not completely understood yet. People suggest that there may be biological abnormalities, hereditary factors, and environmental factors for those who suffer from ADHD. Individuals with attention-deficit/hyperactive disorders may have biological abnormalities such as brain structure abnormalities or abnormal bio chemical levels (Comer, 2016). Brain structural abnormalities tend to occur in theRead MoreAttention Deficit Hyperactive Disorder ( Adhd )1210 Words   |  5 PagesADD/ADHD, better known as Attention Deficit Disorder/ Attention Deficit Hyperactive Disorder, is a growing disorder in children and adults alike in the United States. So many people have this disorder now a days that it isn’t a rare thing for a child to be diagnosed with it. In this paper I will go over the cause of ADD/ ADHD, the details about what it actually is and how it affects people, when you need to have the child checked for this disorder, and the many signs and symptoms of ADD/ ADHD disorder

Idea Of Launching A New Product In The Market †Free Samples

Question: Discuss about the Project Plan Launching A New Product . Answer: Project introduction The following project plan would entirely be based over the idea of Launching a new product in the market. Since, the plan would be for launching a new product, which would be a Micro SD card, this particular project plan would be no less than a marketing plan. Now a typical marketing plan includes certain aspects that would be ignored in this following project plan since, this can be referred as a preliminary plan. However, it also is necessary to involve the details of the product that would be offered to a precise targeted market segment (Bharadwaj et.al, 2013). The educational background is a demographic element that can be considered for segmenting a market, which automatically is created by students. Almost everyone in this precise student or the young segment have an access to mobile devices that they use for their daily purposes of communicating and personal entertainment. For this reason, they need space, enough to store anything they wish; the world has moved into the era of mobile technology along with high-end communication technologies, which clearly justifies the viability o f this project plan (Bhuiyan, 2011). Project teams and their roles The project would certainly be divided into a group of people including the following: Product designer: The first and foremost important role would be of this particular individual. This is the individual that would develop the product in the most innovative and adequate manner. Since, the idea is about launching a Micro SD card that would provide enough space that have never been offered. Thus, it is important for this individual to decide upon; micro SD cards that are available in the market are mostly about 1 GB to 128 GB. This space for some users isnt enough, thus creates the opportunity for the product to be launched. The space that would offer is 256 GB; the designer would also consider the compatibility of devices for some devices might find this much space incompatible (Blank, 2013). Marketing manager: This would be the individual that would be given maximum responsibilities; however he would as well be work closely under managements supervision. The marketing manager would develop the marketing mix, would conduct the STP if he/she feels the need for it, and would develop strategies for targeting and then positioning the product effectively. He would also conduct SWOT and PESTLE for developing a clear understanding about personal strengths and weakness along with the current market conditions (Djelassi and Decoopman, 2013). Workers: These would be teams that will give shape to the product idea that has been finalized. The teams would as well be supervised by their individual project managers that would ensure that each one of the workers is putting his/her best efforts. Product manager: This particular individual would ensure that the final output matches the different standards of quality. Customers demand nothing but quality of the product they are willing to spend their money upon. Thus, this particular person has an important role to play. PR: The PR would be entitled with the responsibility to establish relation with the targeted customer segment along with the probable customers as well. The PR would be allotted a portion of the budget to conduct PR events, such as fair or anything the individual finds suitable (Nicholas et.al, 2011). Project stages and key deliverables Fundamentally there are multiple stages that every entrepreneur must consider before he/she is determined to launch a new product into the market that already has different options for this particular category of product. The stages are: Starting early: It always works for an organization that initiates their launching activities approximately 4-8 weeks early. It would be a waste of time, if an organization is waiting for the right time. Any time that the entrepreneur is planning to launch is right; however, one must maintain the curiosity among the customers (Werbach, 2013). Making the product available to the influencing customers: In other words celebrities; almost 80% of the segment that has been targeted for this project considers celebrities to be their idols (politicians, players, movie stars, singers etc.). An access to such individuals would certainly mean greater potential outcome (Durmu?o?lu and Barczak, 2011). Maintaining low profile: Either developing a contingency plan or maintaining low profile would be better. In case the product that is to be offered is truly innovative one must not expect an enormous release. Unusual: Customers have a tendency to be highly curious to whatever seems new and different. Thus, doing something unusual might click. Seeding social gaps with leaks: Targeting individuals that are naturally eager interested to anything they see would be another way for launching in a better manner. Project time management This particular segment would include the WBS Figure 1: WBS for the product launch Gantt chart The Gantt chart for this particular project would incorporate every tiny detail that would generate for accomplishing the entire task of launching the micro SD card in consideration to the time slot for each activity (Molina-Castillo et.al, 2011). Figure 2: Gantt chart Budget Since, this project would be concerned about launching a new product, it is necessary to decide the budget for executing the entire chain of activities. Marketing activities tend to attract major portion of the budget than actual production of the product (Ernst et.al, 2011). Thus almost 60% of the budget would be directed towards the marketing activities along with the PR activities. Quality plan In order to ensure that the product has been developed considering the maximum quality standard, it is necessary for the management to develop a quality plan. APQP or the Advance Product Quality Planning Standard has been defined to be the organized method for describing along with establishing important steps for ensuring customers are satisfied with the products and services (McGrath, 2013). Risk register The risk register is typically a record or a catalogue virtual or real (hand written) containing every possible risk that the organization might have to come across during its operations. The risk register for this project might incorporate the following: Name of the risk Probability Marketing risks Higher (Since the marketing activities have been allotted with major portion of the budget) Distribution risks Moderate (Since, acquiring new product despite of its size is easy and can be done using internet) Mass appeal Higher (Since, one segment of the market might not consider the approach suitable or preferable that other segment would find attractive) Sustainability risk High (Due to the large number of production houses) References Bharadwaj, A., El Sawy, O.A., Pavlou, P.A. and Venkatraman, N.V., 2013. Digital business strategy: toward a next generation of insights. Bhuiyan, N., 2011. A framework for successful new product development.Journal of Industrial Engineering and Management,4(4), pp.746-770. Blank, S., 2013.The four steps to the epiphany: successful strategies for products that win. BookBaby. Djelassi, S. and Decoopman, I., 2013. Customers' participation in product development through crowdsourcing: Issues and implications.Industrial Marketing Management,42(5), pp.683-692. Durmu?o?lu, S.S. and Barczak, G., 2011. The use of information technology tools in new product development phases: Analysis of effects on new product innovativeness, quality, and market performance.Industrial Marketing Management,40(2), pp.321-330. Ernst, H., Hoyer, W.D., Krafft, M. and Krieger, K., 2011. Customer relationship management and company performancethe mediating role of new product performance.Journal of the Academy of Marketing Science,39(2), pp.290-306. McGrath, R.G., 2013.The end of competitive advantage: How to keep your strategy moving as fast as your business. Harvard Business Review Press. Molina-Castillo, F.J., Jimenez-Jimenez, D. and Munuera-Aleman, J.L., 2011. Product competence exploitation and exploration strategies: The impact on new product performance through quality and innovativeness.Industrial Marketing Management,40(7), pp.1172-1182. Nicholas, J., Ledwith, A. and Perks, H., 2011. New product development best practice in SME and large organisations: theory vs practice.European Journal of Innovation Management,14(2), pp.227-251. Werbach, A., 2013.Strategy for sustainability: A business manifesto. Harvard Business Press.

Strategic Analysis Cleveland Clinic free essay sample

The Veterans Administration (VA) should constantly be monitoring the current healthcare environment for trends and new treatment methods for post-traumatic stress disorders (PTSD). By monitoring the current trends treatment the VA is able to modify, change or continue the current treatment methods being used on past and current veterans. These trends allow the organization to scan for external environmental data to assist in treatment plans and recovery methods for veterans. This monitoring would confirm or disprove the possibility of various trend directions. These trends could be placed in various categories of economic, social/demographic and technological (Swayne, Duncan Ginter, 2008). Current outpatient treatment of PTSD by the VA has to be modified to treat a younger population of soldier and the VA has to monitor current trends in healthcare used by the private sector. The treatment methods have to be adjusted to not only treat PTSD but injuries as a result of combat. We will write a custom essay sample on Strategic Analysis Cleveland Clinic or any similar topic specifically for you Do Not WasteYour Time HIRE WRITER Only 13.90 / page This dual-use by a more technologically educated group of veterans makes monitoring by the VA a must in treatment. Also patients are choosing to use the VA for care due to the costs associated with receiving care from a private provider (Simpson, 2006). This would prevent VA patients from seeking emergency room care therefore adding to the ever increasing healthcare costs. Another area that requires an environmental analysis is providing care to the many diverse groups of veterans. The military is becoming one of the most diverse employers and the VA must explore various ways of getting more of these groups to seek care through the VA. Within the VA’s strategic vision and mission it addresses providing care to all veterans while demonstrating the value of VA care to the nation. (Fine, Demakis, 2003). An environmental analysis could provide useful data on trends in economic changes which address costs, demographic changes as well as competitive changes in healthcare. Although the Affordable Care Act does not affect veteran care, the stewardship of the VA healthcare system should be monitored for costs. The risks of not monitoring costs of care are budget cuts, poor technology and management of the veteran healthcare system. Although the budget is funded by the government, financial cuts do occur depending on the political party in office. These stakeholders want to see that there is a valid return on investment in the veteran healthcare system while providing quality care (Swayne, Duncan Ginter, 2008). Rural healthcare requires an analysis of environment to determine the factors that affect healthcare delivery to veterans. This analysis could address what types of changes would affect healthcare in rural areas in the future. One factor affecting care in rural areas is the recruitment of providers. What safety net would the agency have in place to address providing care to veterans in those rural areas? Nurse practitioners could be an option as well as offering residents better tuition assistance as many have acquired large amounts of educational debt (Simpson, 2006). Community based outpatient clinics provide a method of mitigating expenses that may be incurred by providing care in rural areas. An environmental analysis would provide some insight as to how the agency may provide care to veterans in those areas. This analysis may provide a look into resource allocation needs, what metrics are needed to measure effectiveness of the programs and how will quality be measured. The community based outpatient clinics would provide needed access to veteran who may be located in areas without a VA hospital (Liu, et al. , 2010). Conclusion Environmental analyses are vital to the strategic planning of the VA. Accessing the trends, forecasts, monitoring and scanning the environment will only mitigate risks and prepare the organization for changes in the future. Although the VA has a niche market the organization must address trends in healthcare insurance as this will affect veterans who can afford to make a choice of where they receive care. By analyzing this area the VA can maximize an opportunity to capture those veterans who are financially able to choose another healthcare provider. This may be done by offering those veterans a better option of quality healthcare in an environment they are familiar. References Fine, M. J. , Demakis, J. G. (2003). The veterans health administrations promotion of health equity for racial and ethnic minorities. American Journal of Public Health, 93(10), 1622-4. Liu, C. , Chapko, M. , Bryson, C. , Burgess, J. , Fortney, J. , Perkins, M. , Maciejewski, M. (2010). Use of outpatient care in Veterans Health Administration and Medicare among veterans receiving primary care in community-based and hospital outpatient clinics. Health Services Research, 45(5 Pt 1), 1268-1286. Swayne, L. E. , Duncan, W. J. , Ginter, P. M. (2008). Strategic management of health care organizations. San Francisco, Calif: Jossey-Bass. Simpson, S. A. (2006). Safety net lessons from the veterans health administration. American Journal of Public Health, 96(6), 956-956.