...Assessment Tools Paper Liberty University Online Abstract The paper covers six different assessment tools used to determine children’s learning profiles. This includes his or her interests, ability/intellectual level, achievement level, and personality type. Findings contain the Strong Interest Inventory, the Reynolds Intellectual Assessment Scales (RIAS), the Stanford-Binet Intelligence Scales, Fifth Edition (SB5), the National Assessment of Educational Progress (NAEP), the End-of-Course-Tests (EOCT), and the Myers-Briggs Type Indicator. Each section will answer key questions and give a short description of the given assessment tool. The goal of the paper is to understand the assessment tools available to discover the differences in students so that a teacher can adapt instruction to their needs. I. Interests A. Strong Interest Inventory The Strong Interest Inventory’s theoretical framework was developed in 1974 by John Holland. This theory is represented by a hexagon with the six themes that characterize most people. The order of the themes is called the R-I-A-S-E-C order and those most closely related are adjacent and those most dissimilar are across from each other. The Strong Interest Inventory assesses which theme or combination of themes characterizes an individual. The inventory contains 291 items that cover occupation, subject area, activities...
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...problems. Making this decision would be wrong and would show others that the real you aren’t motivated or determined in life. The major that I choose will be something that will challenge me during college and will also agree with my skills. Thinking back to August, I was choosing a major between about three different options. I knew I was interested in animals, construction, and math, but I had no idea how or if I could ever combine the three interests. In the back of my mind, I knew I wanted to challenge myself in college so that I would actually be able to get a high paying job in the future. I knew that choosing a challenging major would pay off in the long run and employers would then see who I truly was, a determined, hard-worker that will do anything to succeed. This is how I coincide with my introductory quote. When our class took the Strong Interest Inventory, I learned a lot about myself. Whether I liked the results or not, I knew they were accurate based on how I live my life. First of all, the inventory said that my top 5 interest areas were taxes & accounting, nature & agriculture, mechanics & construction, mathematics, and office management. These...
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...STRONG ASSIGNMENT Career Exploration The purpose of this assignment is for you to critically reflect upon the results of your Strong Interest Inventory, as well as to explore any pre-existing majors or occupations of interest. For this assignment, you will identify and examine majors and occupations to begin evaluating how they may fit with your interests, abilities, or values. Part 1: Objective: To identify the details of occupations of interest to you and to begin evaluating how they fit with your interests, abilities, or values. (3 points) Directions: Use the Occupational Outlook Handbook to research and indicate 5 items for each of the categories in the tables below. At least one of the occupations you research must derive from the results of your Strong Interest Inventory. • Occupational Outlook Handbook: http://www.bls.gov/ooh/ OCCUPATION #1: ______Financial Manager__________ | |What They Do/ Duties |How To Become One/ Education |How To Become One/ Important Qualities |Work Environment/ Work Schedule | |1. |Responsible for financial health of | |Have to have a lot of previous experience in the |Works typically in an office or bank setting | | |organization |Bachelor’s degree |financial world to be successful ...
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...because he is concerned about continuing his education. We met on several occasions to discuss his concerns and allow me a chance to interview Kyle about information I felt was pertinent to the issue at hand. Kyle has some doubts about whether he is qualified to attend the University of his choice, Duke University. He is also concerned with whether he will be successful at all in his future education and career. The purpose of testing Kyle is to provide him with guidance about his future college major and continuing education. Testing Kyle will help determine his strengths, weaknesses and interests to help him find the career and college major that best match his personality. ASSESSMENT METHODS: Examinee Biography Otis-Lennon School Ability Tests (OLSAT) California Psychological Inventory (CPI) State-Trait Anxiety Inventory (STAI) Strong Interest Inventory (Strong)| Big 5 Personality Inventory EXAMINEE BACKGROUND INFORMATION: Kyle Smith is a 17 year old senior at Erwin High School in the small town of Erwin. He is 5'8" and weighs about 143 lbs. Kyle lives with both of his parents and also has two older brothers who left the house when Kyle was around eight years old. Kyle's paternal grandfather was an alcoholic and abandoned his family when Kyle's dad was young. Kyle's dad only received a fifth grade education before he had to quit school to work in the mills. Now he works very hard and supports his family during the week, but is a weekend alcoholic. Kyle describes his dad...
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...(Strong interest inventory) Brief Description: This class is the second in a series of career development sessions during our professional development-1 course. The class started with a small exercise, in which we have to write about what we are going to do if we won a jackpot and we do not have to worry more about money. Following that we started to describe to us about the occupation themes, the personal style scale. In addition, Ms. provided us with our reports regarding the survey which we have completed in the beginning of the semester. Finally, we start discuss if the results from the report do fit our personality and career expectations in the future. Following this I am going to talk about what I learned about myself and about both my occupational and personal style. Occupational Themes: Investigative Investigative Realistic Realistic There are six occupational themes. Those themes gauge a variety of interest patterns and schemes that could be used to provide information about your work personality (or values). The six occupational themes can be seen on the following diagram: People People Ideas Ideas Things Things Conventional Conventional Enterprising Enterprising Social Social Artistic Artistic There is no just one theme that reflect the person, however, the person personality span different themes; therefore, it creates a cluster of interests. Before I present what the inventory showed about my theme, it is good to mention that the interest...
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...Inc. Since its founding in 1956, CPP, Inc., has been a leading publisher and provider of innovative products and services for individual and organizational development. CPP has been supplying reliable training solutions to businesses of all sizes, including the Fortune 500, for more than 50 years. The company’s hundreds of unique offerings have been used by millions of individuals in more than 100 countries, in more than 20 languages, to help people and organizations grow and develop by improving performance and increasing understanding. Among CPP’s world-renowned brands and services are CPP Professional Services and the Myers-Briggs Type Indicator® (MBTI®), Strong Interest Inventory®, Thomas-Kilmann Conflict Mode Instrument (TKI), FIRO-B®, CPI 260®, and California Psychological Inventory™ (CPI™) assessments, and Davies-Black® Publishing. Myers-Briggs Type...
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...Samuel Seium.In the Strong Interest Inventory assessment, Monique’s theme code is SAE. This means that she is social, artistic, and enterprising. The social theme means that Monique enjoys helping people, teamwork, and social environments. The artistic theme means that she enjoys being imaginative, self-expression, and creativity. The enterprising theme means that she enjoys being a leader, being influential, and being an entrepreneur. Monique’s top five interests are religion & spirituality, social sciences, teaching & education, politics & public speaking, and counseling & helping. In the occupational scale, it claims that Monique’s strongest occupations are a mental health counselor, middle school teacher, and social worker. This shows...
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...fixed assets and inventory are an essential element to accurate representation of financial information. Adjusting to lower cost of market inventory, capitalizing interest on building construction, recording of a gain or loss on an asset at the time of disposal, and adjusting goodwill for impairment will be the focus of this paper. Because of market fluctuations it is sometimes necessary to adjust inventory values. Some accountants believe that inventory should reflect current market value; however, current generally accepted accounting principles (GAAP) rules do not allow this method of inventory valuation. However, when inventories have a significant decline in value the LCM (Lower Cost of Market) rule for inventories organizations can use LCM rule. As stated in Chapter eight of Financial accounting theory and analysis: “Use of the LCM rule for inventories is consistent with the qualitative characteristics of accounting information contained in SFAC Number two and the definitions of assets and losses contained in SFAC Number six. This is, when the cost of inventory exceeds its expected benefit, a reduction of the inventory to its market value is a better measure of its expected future benefit.” The problem with the LCM rule is that it only applies to downward inventory adjustments. Reporting losses and not gains on inventory valuation. The conservatism principle directs that organizations use the conservative approach to reporting inventory when using the...
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...Client Understanding Paper Client: The ADT Corporation Lydia Ferdin I thank you for the opportunity to work with The ADT Corporation on this important project. As I was analyzing the papers provided, I realized that additional information is requested by your representatives. It was brought to my attention that ADT and its affiliates are unclear about why the additional information was requested on the adjusting lower cost of market inventory on valuation, the capitalizing interest on building construction, the recording of gains or losses on asset disposal, and the adjusting goodwill for impairment. The adjusting lower cost of market inventory on valuation is specified in Accounting Research Bulletin No. 43 (ARB No. 43). The Statement of Financial Accounting Standards (SFAS) No. 34 is the statement, which deals with capitalization of interest as part of the cost of the asset. The SFAS No. 144 addresses the reporting and accounting for the impairment of the disposal of long-lived assets. New rules for the accounting for goodwill have been addressed in SFAS No. 142. To be able to complete the analysis of the work papers of my clients’, certain information must be obtained. To alleviate the concern of the client of why the information is requested analysis of each topic and its importance will be discussed in this paper. The adjusting lower cost of market inventory valuation is essential because through the life cycle of inventories, the inventories will decline in value...
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...Chapter 15 Current Liabilities Management ( Learning Goals 1. Review the key components of credit terms, accounts payable, and the procedures for analyzing them. 2. Understand the effects of stretching accounts payable on their cost and on the use of accruals. 3. Describe interest rates and the basic types of unsecured bank sources of short-term loans. 4. Discuss the basic features of commercial paper and the key aspects of international short-term loans. 5. Explain the characteristics of secured short-term loans and the use of accounts receivable as short-term-loan collateral. 6. Describe the various ways in which inventory can be used as short-term-loan collateral. ( True/False 1. Accounts payable are spontaneous secured sources of short-term financing that arise from the normal operations of the firm. Answer: FALSE Level of Difficulty: 1 Learning Goal: 1 Topic: Accounts Payable 2. Notes payable can be either spontaneous secured or spontaneous unsecured financing and result from the normal operations of the firm. Answer: FALSE Level of Difficulty: 1 Learning Goal: 1 Topic: Notes Payable 3. Accounts payable result from transactions in which merchandise is purchased but no formal note is signed to show the purchaser’s liability to the seller. Answer: TRUE Level of Difficulty: 1 Learning Goal: 1 Topic: Accounts Payable 4. In credit terms, EOM (End-of-Month) indicates that the accounts...
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...usually more easily converted into cash. C. The firm can invest in marketable securities to increase its liquidity. However, such a policy involves committing the firm's funds to a relatively low-yielding (in comparison to fixed assets) investment. II. Managing the firm's use of current liabilities A. The greater the firm's use of current liabilities, other things being the same, the less will be the firm's liquidity. B. There are a number of advantages associated with the use of current liabilities for financing the firm's asset investments. 1. Flexibility. Current liabilities can be used to match the timing of a firm's short-term financing needs exactly. 2. Interest cost. Historically, the interest cost on short-term debt has been lower than that on...
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...technical interpreting financial statements relevant to CAT Scheme Paper 6 and Professional Scheme Paper 1.1 ratios In the exams for CAT Paper 6, Drafting Financial Statements and Professional Scheme Paper 1.1, Preparing Financial Statements candidates are often required to prepare accounting ratios and to interpret them. The main ratios that candidates will need to know are discussed in this article, and the formulae for them are given in Figure 1 on page 43. Financial statements provide important financial information for people who do not have access to the internal accounts. For example, current and potential shareholders can see how much profit a company has made, the value of its assets, and the level of its cash reserves. Although these figures are useful they do not mean a great deal by themselves. If the user is to make any real sense of the figures in the financial statements, they need to be properly analysed using accounting ratios and then compared with either the previous year’s ratios, or measured against averages for the industry. PROFITABILITY RATIOS One of the most important measures of a company’s success is its profitability. However, individual figures shown in the income statement/profit and loss account for gross profit and net profit mean very little by themselves. When these profit figures are expressed as a percentage of sales, they are more useful. This percentage can then be compared with those of previous years...
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...Client Understanding Paper Sharon Sherman ACC/541 December 13, 2010 Rebecca Kime Client Understanding Paper To be able to complete the analysis of the work papers of the current clients’ work papers certain information must be obtained. The topics of the information requested are the (1) adjusting lower cost of market inventory on valuation, (2) capitalizing interest on building construction, (3) recording gain or loss on asset disposal, and (4) adjusting goodwill for impairment. To alleviate the concern of the client of why the information is requested analysis of each topic and its importance will be discussed in this paper. The adjusting lower cost of market inventory valuation is essential because through the life cycle of inventories the inventories will decline in value. Although the primary basis of accounting for inventories is cost when when inventories usefulness become lower than cost then the use of adjusting lower cost of market is accepted. There are many advocates that think that inventories should be valued at market price. The belief is assets should reflect current values. Generally Accepted Accounting Principles instructs that when inventories decline in value the future selling price should move in the same direction in the same time period. The American Institute of Certified Public Accountants provides the following definitions for use when applying the lower cost or market rule to inventories. These definitions are: 1. Market should not...
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...Welcome to AIBF Financial Statement Analysis Training Asalamualikum! Khalid Zarif Current engagements Deputy Director & Academic Head of AIBF President of Afghanistan Association of Professional Accountants (AAPA) Bank Millie Afghan (BMA) Supervisory Board Member President of Afghan Social Researchers Association (ASRA) Work Experiences Business Unit Manger & adjunct Trainer, AUAF-PDI Technical Adviser, FinTRACA- Da Afghanistan Bank Custom Analyst- Ministry of Finance Official of Treasury Department- Ministry of Finance Education: Global MBA plus finalist of ACCA- Continuous BSc from Oxford Brookes University Certified Accounting Technician (CAT) 1. Purpose and format of the financial statements INTERPRETATI ON OF FINANCIAL STATEMENTS 2. Users of the financial Statements 3. Profitability Ratios & Interpretation 4. Liquidity Ratios & Interpretation 5. Gearing Ratios & Interpretation 6. Limitations of ratio analysis Accounting: Definition Is the process of Recording Classifying Summarizing Interpreting in journal in ledger and in Financial Statements financial information in order to make decisions Financial Statements Financial Statements present information about The financial position of an entity Its financial performance during accounting period Its cash flow Financial statements are 1. 2. 3. 4. 5. Statement of Financial Position Statement of Comprehensive Income/income...
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...responsibilities that are required are to analyze the work papers for one of the clients of the organization. This client is not clear about why the company is asking for information on the following topics: adjusting lower cost of market inventory on valuation; capitalizing interest on building construction; recording gain or loss on asset disposal; and adjust goodwill for impairment. This paper will strive to answer these questions for the client. Adjusting Lower Cost of Market Inventory on Valuation One of the requirements of the Generally Accepted Accounting Principles (GAAP) is that inventory be recorded at lower of cost or market rule, also known as LCM. In a company’s’ financial statements, assets are generally stated in the financial statements according to the cost principle. However, when it comes to inventory, cost principle is abandoned and lower of cost or market rule takes its place. The LCM states that inventory should be measured at the lower of cost or market value (Accounting Explained). What market value means basically is the replacement cost of the company’s inventory. This replacement cost can be in the form of a purchase cost or a manufacturing cost; simply stated, market value is the amount a company would have to pay to acquire their inventory of the same quantity and quality through purchase or through manufacturing. There are upper limits (ceiling) as well as lower limits (floor) on the market value of inventory. These are fairly simple to figure. The upper...
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