IAS2 Inventories Essay Example | Topics and Well Written Essays - 1250 words

IAS2 Inventories - Essay Example The main objective of IASB for IAS2 was to reduce the alternatives in the measurement of inventories. The revised IAS2 does not allow the consideration of the exchange differences, arising from the purchase of inventories that are invoiced in the overseas currency, to be treated as a part of inventories purchase cost (Malaysian Accounting Standards Board, n.d.). As per IAS2 the inventories are measured at cost or realizable value whichever is lower, based on every item. The inventory costs is the sum total of the purchase cost like cost price, import duties, handling as well as transportation costs; after the adjustments of rebates and trade discounts, conversion costs and other costs that are incurred for transporting the inventories to the current location and form. But this excludes the storage costs, costs relating to abnormal wastage; and selling and administration. Inventories costs can be approximated using the standard cost method or retail inventory method. The cost of inventories relating to items that are usually interchangeable and also goods or services that are produced and set aside for other projects can be assigned costs on the basis of specific identification. The inventories are valued using the first-in-first-out (FIFO) method or the weighted average method. In FIFO the items in the inventory are measured on the basis of recent purchase. Net realizable value is the amount that the business expects to receive from the inventory sale in the due course of the business. In the Balance Sheet an entity reports the lower of the net realizable value and cost as an asset. This is shown below- After the sale of inventories, the carrying amount of the related inventories is recognized as expenditure in the statement of income in the time period when the revenue from it is recognized. In the event of a fall in the net realizable

Systems design and software integration Essay Example | Topics and Well Written Essays - 2000 words

Systems design and software integration - Essay Example The essay portrays the various difficulties associated with improper implementation of systems, inadequacy of data, lack of standardization of work procedures and methods. It throws light on the fact organizations gets affected because the top management fails to understand the nuance of systems integration and merely treats the whole job as purchase of software. It also highlights the additional costs involved in debugging wrong procedures or approaches. The essay is primarily based on the case of the food and confectionary giant Nestle, SA. Nestle, best known for its milk and chocolate products operates from more than 500 locations across the world and has its operations in more than 16 countries. The case draws our attention because it projects the need for systems integration approach, measures to be taken in selection of ERP modules and vendors, the number of difficulties a business organization can encounter in integrating some of its key activity areas such as centralized purchasing, linking the supply chain, distribution, manufacturing and sales functions. The essay critically exposes the limitations systems integrations approach can pose business units to if they fail to use the definition given by Elliot.G regarding ERP. Elliot defined ERP as "A key feature of ERP system is the ability to link areas of businesses that are globally distributed" (2004, pg.202) and customize its applications to suit its business needs. Nestle, operating in more than 500 locations and with a business volume of around $46.6 billion is a huge enterprise, controlling and planning operations of that magnitude is a colossal task. Nestle, had its own Electronic Data processing and Systems departments to cater to its needs. They had around 80 systems units using a range of IBM mainframe computers and UNIX machines to process and ensure information is exchanged properly between all the business units. A large organization such as Nestle believes in decentralizing its purchasing, marketing and even production activities. They decentralize the above mentioned activities so as to suit the cultural needs, values, preferences of customers regionally. They focus at offering products depending on the preferences of the customers. This customization of products helps them in leveraging their market positions globally.Rationale for ERP in large multinational organizations such as Nestle: Areas of concern for Nestle in this case are the amount of expenditure it is incurring in purchase of raw material, damage of material in the ware house and supply chain problems. As they do not have a centralized electronic data processing unit it is unable to compare and analyzes prices paid in purchase of raw material from a single vendor. For any organization it can be a serious limitation in terms of information, time and money. In order to overcome this limitation Nestle decided to go for an ERP. Organizations before they decide to go for ERP packages do need to evaluate their organizational needs. Information technology for managers a book from ICMR in a chapter named as Enterprise resource planning suggests that "before initiating the process of ERP implementation, the management should identify the

Methods of Enquiry - Research Proposal - International Ethics

Methods of Enquiry - - International Ethics Conflicts - Research Proposal Example The research can be conducted in a mixed method approach by conducting survey over the employees and their responses helps to determine the organization’s work ethics. The employees are expected to respond on a rating of five points regarding their views about the performance of the organization. The literature review suggests the views of various researches regarding the ethical conflict management. An organization faces a number of challenges and conflicts and it is very important to resolve these conflicts otherwise the company would have to run at a loss and the ultimate option that the company would have is to shut down. Thus it is expected that the organization hires efficient managers who are capable of resolving the conflicts and maintain the company’s reputation in the market. As a result of Globalisation, several countries vary in various aspects. For example, the countries have diverse cultural, economical, social, ethical and linguistic backgrounds that can lead to ethical conflicts among the multinational companies (Hamilton, Knouse and Hill, 2009). Diversity in culture among various employees of different companies can result in conflicts regarding their views that can prove to be risky for the company’s reputation in the market. Cross cultural variations dealing with behaviour, norms, values, etiquette of various employees and workforce may have a huge impact on the company’s growth prospect (Patel, Harrison and McKinnon, 2002). The behavioural ethics determines the company’s management styles and the work culture. In order to achieve success and maintain corporate image, the company should follow its business ethics. It provides various guidelines for maintaining an ethical relationship with other organizations (Patel, Harrison and McKinnon, 2002; Voigt, 2009). The conflicts that may arise are the clashes in business and among the employees who try to dominate within the organization (Reidenberg, 2000). An unethical behaviour

Hildren with emotional and behavioural disorders Essay

Hildren with emotional and behavioural disorders - Essay Example "The students with severe and profound mental disability, autism and complex needs are offered to follow the Frame Educational Programme for Special Needs Education tailored to meet their needs and built up on the principles of the national programme for compulsory education and reflecting the students special needs" http://www.european-agency.org/nat_ovs/czech/9.html SEN students need special provisions and other support system according to their individual needs, like speech therapy, additional teaching staff, psychological counselling, special pedagogical support, more hours, sign language or more material visual, audio or any other kind of compensatory assistance. Through Acts of Legislation, Governments of advanced countries have empowered themselves to open exclusive schools for SEN students and at the same time, have also taken meaningful steps towards integration and inclusion of these students into the mainstream. Special need education within the Education System has been given careful attention in most of the countries today. "Looked at in this way, inclusion, understood as a movement for educating learners with special educational needs in mainstream schools and classes, is a resolution that emphasizes the commonality pole of the dilemma. It focuses on learners who are 'different' in ways that have the most obvious educational significance, and argues for their right to be educated alongside their peers, within a common institution and, frequently, within a common curriculum" Mitchell (2005). Please put page number here; I don't have the book. Schools are wary of accepting these students, due to their low attainment, and additional responsibility. Schools are also worried about the extra demands on teachers, peer group, emotional upheavals for normal children and the possibilities of SEN students being ragged by other able-bodied children, and this so, in spite of inclusion and integration. "All learners are the same in their essential human characteristics, in the rights and entitlements which are ascribed to them and in their participation within some more-or-less loosely defined process of education" Dyson, Alan, (March 2001). British Journal of Special Education, Volume 28, No. 1, p.25. In Dyson (2001), we come across various methods of inclusions that could be adaptable and challenging and the most important are one-track, dual-tracks and multi-tracks. Almost all the countries that are tuned to inclusion are trying to adapt one system or other and sometimes both according their needs. As an explanation, it could be told that one-track means serving all students in one system, under the same curriculum, same classes without marginalising the SEN people and treating them as equal and similar to other students. Psychologists feel that this would provide permanent bonding and friendship with normal children and the inferiority complex would disappear, as they feel accepted. It also provides challenge, appreciation and hope for future. Theoretically, this is the best method in which SEN people do not feel segregated. But the practical challenges facing could be different from the best theory and children with problems might not be able to cope with the pressures and trials of rigorous education. Under such circumstances Dual-Track education could help, by way of

EMAAR Essay Example | Topics and Well Written Essays - 1500 words

EMAAR - Essay Example EMAAR has its headquarters in Dubai (United Arabs Emirates). Despite the above growth, EMAAR has still been in the verge of discussing new prospects of growth which entails geographical expansion to new and virgin lands most so the far east and North Africa (Group, 2008). The other strategy is that of product segmentation. It deals in variety of products ranging from the housing industry, hospitality and tourism industry. The company has also invested much in the Education Sector and the Health sector where it has built schools and hospitals as well as investing in the best facilities for the buildings (Group, 2008). The company as well deals in the financial instruments in the financial markets of Dubai, where last year (2010/2011) alone it traded in a turnover of over 29 billion AED in stocks (Group, 2008). The company’s total sale of apartments in the year 2010/2011 has been estimated to be Dh 583; this has been stated as a decline of about 86% of the previous year’s sales (Group, 2008). This may be because of the economic hard time, which even caused a crush in the western economies. The revenue from such sales was estimated to be about $ 1.52 billion last year, which is still a drop of about 10%, the previous year’s revenues. The drop in revenue is attributed to and depicts a slash in prices due to stiff competition in the industry. Two major products that the company deals in are the apartments and the villas. The apartments are the largest income-generating unit with a revenue of Dh 183 in the last quarter of last year. Villas on the other hand made good sales, the sales was about Dh126.4, this was a drop though of some few percentages (Group, 2008). EMAAR does not operate as a monopoly in its business. Just as I have mention previously it operates in a highly competitive environment where there are several

The needs of future generations are being met by the current policies Essay - 1

The needs of future generations are being met by the current policies of sustainable development - Essay Example According to the research of Waas, Verbruggen and Wright (2010, p. 631) the concept of sustainability comprises of the initiation of development measures which â€Å"†¦contribute in meeting the needs of the present without comprising the ability of future generations to meet their own needs†. The need for developing sustainable solutions to be implemented across the Arabian Peninsula is most urgent essentially because of legitimate environmental concerns regarding the incidence of air pollution in the region. The primary causes of air pollution specifically in Arabian economies which rely upon the production of oil can be attributed to 1) an increase in population 2) a rise in industrial activity and 3) the extensive use of private vehicles for commute (Ettouney and Saqer, 2012). The discussion and analysis which has been conducted in this paper explicates upon the incidence of air pollution in the urban or metropolitan centers of Gulf States including Umm Alhyman, Riyadh , Dubai, Abu Dhabi and Jeddah. Moreover, the research also proposes a framework for promoting sustainable solutions to combat this issue and advises the respective governments of the Arab States to enforce effective policies to address this crucial issue. The incidence in air pollution measures in Kuwait has been a critical topic of assessment for researchers which aim to establish the extent of the damage which has been caused by related and significant determinants. Moreover, the scope of the examination is also focused upon identifying effective tools and models which can be adapted and executed to identify fundamental trends (University of Queensland, 1993). The research of Ettouney, Abdul Wahab and Elkilani (2009) follows this pattern by launching three comparable yet distinct models to report findings on the level of air pollution in Kuwait and its subsequent health and ecological

Online Therapy Essay Example for Free

Online Therapy Essay Little by little the internet and technology are expanding to incorporate more aspects of our daily lives. The expansion is so vast, one can now do Just about anything online. On line advances has no doubt positively contributed to businesses, education, communication, and quality of life in general, but when does one draw the line? Healthcare is a very serious subject because it deals with peoples lives and well being. Potential problems that may arise from it are not monetary, like those involved with losing a Job or failing a school course, but deal with lives and peoples weakest and perhaps most uncontrollable side of life. Psychological disorders usually arise from events and sources not under the control of patients. Unlike purchasing the wrong stock at the wrong time or having an unsuccessful online business presentation, depression, addiction, phobias, and other psychological disorders are delicate matters that are not a result of bad decision making, however, much like every service the internet offers us, cyber psychology does have its advantages and disadvantages. Disadvantages and Solutions: The first glaring disadvantage is the loss of essential elements with the lack of face to face interactions. The fact that psychology is the study of behavior, it is imperative for a therapist to get a grasp on the patients complete behavior, which includes, but is not limited to, facial movements and body movements, tone of voice, posture, and appearance. To fully understand a client, a therapist must be able to be privvy to this side of the individuals personality to accurately diagnose and ultimately heal a problem or disorder. One way to solve this disadvantage could be for the therapist to request an initial face-to-face assessment that can then be followed by online treatments of various sorts. This enhances the screening process and leaves no room for misinterpretation or misdiagnosis that can arise from lack of personal interaction. Also, for cases or procedures involving video conferencing and webcam interactions, it is crutial for websites to continue to improve the video quality to avoid missing any words or movements that may be crucial to analyzing behaviors. Maybe once video conferencing is perfected, it will increase the validity of such therapeutic media and allow it to replace the need for an initial in person interaction. A second concern involved with web therapy is security. We are surrounded by warning signs oncerning various web securities, including scams, hacks, and phishing sites. In the past, we have seen many cases serious enough to make it to the news to increase awareness and warn people of the seriousness of certain situations. It is almost possible for hackers to invade most sites and this compromises the privacy of patients personal and diagnostic information. Also, confirming the validity of particular sites may be hard on some people since scam sites go into extreme measures to mimic credible sites. The fact that most on-line therapies require payment in advance, may seem tempting for people who make a living from online camming. Another potential leak in privacy may unintentionally arise from the clients themselves; the use of public computers or implying improper security features and practices to ones personal computer. To counteract security problems, websites are constantly working on maintain security and privacy. It is important for releasing financial or personal and emotional information. Psychologists are required to practice therapy in state(s) of which they are licensed for practice. Cyber therapy offers ways to go around that law. A patient, for example, may claim different residence to receive treatment from a particular therapist of agency. Also, since the world wide web spreads, well, worldwide, theres a chance that some of the sites are run internationally and this may give rise to cultural disconnect problems from misunderstanding situations, actions, and settings. Proper monitoring should be implemented on cyber therapy websites to avoid such breaches and complications. Advantages of Online Therapy: There are several advantages associates with online therapy. Time is something that seems to be becoming more scarce and harder to manage. Finding a service that can be molded around ones schedule, convenience, or from the privacy of ones ome is important to many people in todays fast paced way of life. Online therapy also offers a geographic advantage for people living in rural areas or people with transportation limitations. In addition, people with physical disabilities may now have an easier method of behavior therapy that does not interfere with their health issues. Finally, a very crucial advantage is financial. Online therapy makes it cheaper and thus easier to receive mental health therapy. Because of the lack of an office or facilities, transportation expenses, and the availability of different program levels to hoose from, therapy became an attainable thing and a cry for help that was heard by cyber space. The options of sending an email or having a telephone therapy session gives many benefits with the elimination of extended time charges and various office visit associated expenses. Websites Offering Online Therapy: The Online Therapy Institute is a website designated primarily for therapist seeking to introduce online therapy as an option to their practice. It offers intensive information about how to set up an online therapy site and what the rules and regulations are and general guidelines to follow to provide proper therapeutic echniques. It also assists therapists in the initial stages and provides a reference for any upcoming issues. E-Therapists Online provides services for patients seeking online therapy via e- mail, private chats, and phone counseling. It provides clear instructions on how to begin therapy and also price guideline. Payment is due prior to therapy. For example, an e-mail session costs $39. 95 and 4 e-mail sessions cost $149. 00. Telephone or chats cost $95. 00 for 60 minutes and $623. 00 for 7 60 minute chats or calls. Headworks is another website similar to e-therapists online. In addition to the ervices that e-therapists online provides, they offer free self-help information and customized services. Conclusion: Online therapy definitely has its advantages, but it should also be handled carefully. Not all cases of mental health should be able to be treated via cyber psychotherapy because some are much more complicated and need in person therapy. Once this service is solidified, this service will be more ideal for people who are in need of minor therapy, interaction with people, behavioral help, and guidelines in life but are unable to do face-to-face therapy for geographical or financial constrains.