...KEY CONCEPTS OF FINANCE A QUALITY E-LEARNING PROGRAM BY WWW.LEARNWITHFLIP.COM ©Finitiatives Learning India Pvt. Ltd. (FLIP), 2010. Proprietary content. Please do not misuse! Accounting All businesses have financial transactions all the time. These are recorded in a particular way. Businesses can be structured in 3 ways: 1. Proprietorship: business with a single owner. Owner has complete liability for all debts of the company. 2. Partnership: business with 2 to 10 equal owners. All partners share complete liability for all debts of the company. 3. Limited company: Many owners with limited liability for debts of the business; this liability is only up to their capital contributed. There are t two types of limited companies: private and public. The former is held by 2-50 owners privately. The latter has unlimited number of owners, and any member of the public can be a part-owner. A business has numerous transactions which need to be recorded following certain accounting principles and process. Accounting Principles These are called Generally Accepted Accounting Principles, or GAAP. Key GAAPs are 1. Going Concern Concept: This principle assumes that a business will go on, that is, it will continue in the foreseeable future – it has no finite life. We use this principle to project cash flows in the future. 2. Legal Entity: The business is an entity separate from owners; even if it’s a small, one person business running out of home. Therefore the business accounts...
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...Assignment: The Key Concepts in Economics Jennifer McDonald Professor Camille Castorina ECO 100 - Principles of Economics February 28th 2016 The Key Concepts in Economics The economic article that I analyzed is “Unemployment rate falls to 5.1 percent, but Americans are not finding pay increases,” from The Washington Post, written by Chico Harlan and Ylan Q. Mui. The key points of this article discuss a possible slight increase in interest rates, the decrease in the unemployment rate, non-management employees’ wages not increasing, and economic uncertainty in China. This possibility of uneven growth in the economy is causing the stock market to become uncertain (Harlan & Mui, 2015). With unemployment and the price of oil being so low the economy should be growing, but with wages not increasing this could be the cause of the uncertainty in the markets. This could also be due to the last financial crisis that economy is still trying to recover from. Job growth and inflation are linked, if more people are employed prices for goods and services go up do to consumption, but even with job growth consumers are not making purchases, this can be due in part to the wage stagnation (Harlan & Mui, 2015). Another factor to the slow rise in inflation, could be a global economic slowdown which could be due in part to a decline in China’s economy; this could cause ripples in other nations’ economies now and in the future. Which could further lower prices of...
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...Assignment: The Key Concepts in Economics Curing Chronic Homelessness ECO100 The topic I chose is about homelessness and the cure that is sweeping the nation. There are multiple types of homeless, some are short termed, often uncounted as they are able quickly recover from the reason which left them homeless in the first place. Some are considered chronically homeless, which can mean a couple things; the first is that the homeless person has gone without a steady home at least four times out of the last four years. But, this can also mean that they have a disability that has caused them to be homeless for more than a year. Unfortunately, we have seen constantly increasing numbers of homeless Veterans since the Vietnam War (Haggerty, 2015). Not only is it doing the exact opposite of everything we have been told is the correct way to handle homelessness, especially chronic homelessness, but it is proving to be far more successful than anyone could have ever dreamed (The Editorial Board, 2015)! No matter where you live, the signs of homelessness are there if you take the time to look for them.. They are the most obvious when you are within great city centers because there is an ease of access to assistance that comes with being close to major hubs. Nevertheless, even an hour outside of a major city where we have nothing but farmland and wild land as far as the eye can see, we still have the same problems, they are just harder to find. One good example is during the warm months...
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...Assignment 1: The Key Concepts in Economics Markisha Dill William Creamer Principle Of Economics May 31, 2015 Before sitting down to complete this assignment, I thought thoroughly about economics as a whole. My interest was whether economics was considered an exact since, i.e. Mathematics. Economics has been described as a science, numerous times. So in my search to find out whether economics was a science, I looked at an online dictionary to see how these words were defined. First I looked at economics. The definition stated, “Economics is a social science concerned chiefly with description and analysis of the production, distribution and consumption of services and goods. Then I looked for the word “science”. Science was defined as knowledge or a system of knowledge covering general truths or the observation of general laws, especially as obtained and tested through scientific method. Both of these definitions together made me think that economics may just be a science. But then I thought about how science can be mostly fact and how economics involves people, who are extremely unpredictable. So I looked up the word “social”. Social was defined as “relating to human society, the interaction of the individual and the group or the welfare of human beings as members of society. This word better describes economics. And if you look in the definition of economics, you see the word social science. But I do not agree with the idea that economics is a exact science. You...
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...SECURITY ORIENTED COMPUTING This refers to components of organizational security programs that ate put in place to ensure the safeguarding of an organization’s framework. They play quite a significant role in preventing cybercrime or manipulation of an organizations data. They are not necessarily focused on Information technology but rather are concepts that have been put to the test and proved to be viable. One of this concepts is security oriented computing. It can be best described as a strategy to prepare for unavoidable failures. It is a slight alteration from the principle known as recovery oriented computing. Both concepts revolve around the ideology that accidents are anticipated in key aspects and will occur at one point .Security oriented computing operates on a number of principles that ensure its effectiveness. One of this assumptions is that all security controls are vulnerable and may end up causing inaccessibility of the intended service or even worse, unauthorized users. This helps the particular organization be on high alert and ensure that their security controls are monitored at all times .Another assumption is that all people conducting alterations or configurations to the system may introduce loopholes to the latter due to wrongful installation or a mistake made during the configuration. The third assumption is that all people conducting day to day operations are subject to make normal errors if the computer allows them to. Interfacing with humans creates...
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...1. 2. 3. 4. 5. 6. 7. 8. 9. Accounting Identity Time Value of Money Risk vs Reward Diversification Leverage Cash vs Accrual Cash & Free Cash Flow Sunk Costs Opportunity Costs A. B. C. D. E. F. G. H. I. J. K. Agency Conflicts Capital Structure Cost of Capital - WACC Market Efficiency Arbitrage – No Free Lunch NPV vs IRR Relevant Costs CAPM Hedging Inflation Taxes Financing Growth and Expansion 1. Assets = Liabilities All resources are owed to someone: they belong to someone. 2. Assets = Owner’s equity + (Outsiders’) Liabilities We separate the liabilities because outsiders’ claims have to be settled first. Owner’s get the residual value. If assets increase (owing to operations), owners’ equity increases. If assets fall in value, owners’ equity falls. 3. Assets = Owner’s Equity + LT Liability + ST Liability We separate the liabilities to know what we have to pay for immediately, as opposed to that for which we are not pressed. We can keep on breaking it up till the cost of maintaining and presenting further bifurcations is more than the benefit. 4. Current Assets + Fixed Assets = Owners’ Equity + LT Liability + ST Liability The detail of the assets shows which assets can be liquidated fairly fast (useful in order to pay off liabilities). No matter which side of the equation we take, it reflects the position (stock) at a point in time. Financing Growth and Expansion 5. Current Assets + Fixed Assets = Owners’ Equity + LT Liability...
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...Guatemalans will not have justice unless the U.S. stops assisting war criminals like Molina. KEY CONCEPTS One important concept in the editorial is the Guatemalan genocide. From 1960 to 1996, a civil war between the U.S.-influenced Guatemalan puppet/dictator government and the indigenous Maya population ensued. This resulted in a genocide against the minority Mayans, and left 200,000 Mayans dead or missing, along with many towns and villages completely destroyed. This is important to know when discussing the justice of Guatemalans because it was the event that brought injustice upon the Guatemalans in the first place. Without this genocide, there would be no leaders with their innocence in question. Another important concept is political...
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...Key Concepts of Organizational Design Allison Battles University of Phoenix / MMPBL 550 November 1, 2010 Professor Frederick Janson Key Concepts of Organizational Design Organizational design is an important aspect of organizational theory that designates many of the processes and the structure within an organization. It can shape the organization’s culture and help the organization to achieve its goals. Organizational design is also important to change management within the organization. The most important factor, though, is that it supports the company’s strategy for success. As many organizations are experiencing growth, the concepts of organizational design become more complex. The organizational designs and structures discussed here will simplify the terms in order for a clearer understanding of the concepts. Importance of Organizational Design Choices Organizational design is vital to an organization’s success. Part of developing a strategy for a company to achieve its goals is to create a dynamic organizational design that fits the company’s purpose, culture, and processes. “To optimize effectiveness, the form of organization must be matched to the purpose it seeks to achieve” (Autry, 1996, para. 7). In the most basic terms, the organizational design should be aligned with the organization’s strategies-the goals, the objectives, and the mission-and support the desired outcome. It is important that the organizational design of a company work...
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...Key Concepts of Organizational Design Rosalind Patterson MMPBL550 August 30, 2010 Professor Josey Crisostomo Key Concepts of Organizational Design Given the importance of organizational design, why is it so often the blame for inefficiency and ineffectiveness? The reason is because good organizational design helps communications, productivity, and innovation. Organizational design is the process of aligning an organization’s structure with its mission. This means looking at the relationship between tasks, workflow, responsibility and authority, and making sure all these support the objectives of the business (www.mindtools.com). In this paper we will explore the importance of organizational design choices, the advantages and disadvantages of various organizational structures, assess the relationship between strategy, structure, and process in organizations, and analyze the relationship between organizational design and decision-making processes. Importance of Organizational Design Choices Hiring talented people is not enough to ensure the success of an organization. The best and brightest employees will not be able to do their best work in a poorly designed workplace. Consequently, poor organizational design is one of the leading causes of low employee morale and productivity (www.leadership-and-motivation-training.com). Effective organizational design creates a culture of commitment. The employees fully understand their accountabilities...
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...Key Concepts of Organizational Design Ryan MMPBL/550 December 13, 2010 Key Concepts of Organizational Design [The introduction goes here. It should be one or two paragraphs explaining the findings of your paper. The introduction should prepare the reader for the contents of the paper by previewing the four main topics in your paper. Be sure to end with a transition word or sentence to lead into Section 1 of your paper. Triple click anywhere in this paragraph to begin typing your own introduction.] In this paper, I will provide some key concepts of organizational design and its importance, assessing the relationships between strategy, structure, and process in organizations and the relationship between organization design and decision-making processes are analyzed. In the next section, I will describe the five best design choices and the characteristics, advantages, and disadvantages of various organizational structures. Importance of Organizational Design Choices [This should explain the importance of organizational design choices. Be sure to end with a transition word or sentence to lead into the next section of your paper. Triple click anywhere in this paragraph to begin typing.] One valuable element of developing a strategy for a company is to form an organizational design that fits the company’s purpose, culture, and processes. Organizational design has become a top priority because of increased competitive pressures and the use of information technology...
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...A Key Concept in Information Systems Strayer University - CIS109 A Key Concept in Information Systems In this paper we will provide an overview and history of computer and network security. We will identify one current use of computer and network security and provide an example of this concept in practical use. A discussion of attitudes towards computer and network security will be made and justifications towards the attitude. We will explain the fundamental strengths and weaknesses toward computer and network security and will provide expert views regarding computer and network security. An overview of the origin and history of computer and network security. Lately enthusiasm for security was energized by the wrongdoing submitted by Kevin Mitnick. Kevin Mitnick carried out the biggest computer related wrongdoing in U.S. history. The misfortunes were eighty million in United States dollars, and licensed innovation and source code from a mixture of organizations. From that point forward, data security came into the spotlight. Open systems are being depended upon to convey budgetary and individual data. Because of the development of data that is made accessible through the web, data security is moreover needed to develop. Because of Kevin Mitnick's offense, organizations are underscoring security for the protected innovation. The web has been a driving power for information security change. Web conventions in the past were not developed to secure themselves. Inside of the...
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...Week 5 Key Concepts and Take-Aways What struck me in particular about the readings for this week is how children in the middle childhood stage begin to venture away from parents and family as they seek to establish an identity. The family system remains an extremely important influence on development—emotional, cognitive, physical and social. Physical development is a function of genetic and environmental influences, as well as interaction. It needs to be noted that some theorists assert the idea that the age of onset of puberty has changed to an earlier age. As these changes occur, an implication for practice is evaluating the timing of educational programs related to social-emotional development. These interventions need to focus on self-protection and individual rights and responsibilities. We also need to support children wherever they fall on the developmental spectrum—early, late or right on time—and reassure them that all development is normal. Cognitive development is very unique at this time as children move from concrete thinking to more abstract ways of viewing the world. According to Bergen and Cocsia (2001), during middle childhood there are rapid gains in intellectual processes and memory which enables new learning in a variety of settings. As practitioners, we need to recognize and respond sensitively to these changes and support the expanding abilities. Brain development in middle childhood is greatly shaped by the nature of earlier experiences. Brain...
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...Over recent years, a small number of key concepts have become very significant to Operations Managers. Over recent years, a small number of key concepts have become very significant to Operations Managers. Four of these concepts are: Customer Care Kaizen Just-in-Time Total Quality Management Your task is to compare and contrast each of these four concepts, clearly describing each. Your work should help the reader to understand how each interrelates to the others and how, if properly applied, they will help any organisation to be a success. In order to understand the four concepts of customer care, kaizen, just-in-time and total quality management, there is a need to understand operations management and what this entails in the relationship between the four concepts and operations management. It is vital to the task to understand the meaning of each of the concepts in relation to operations management as well as to the business in which it is situated. Operations management is the area of business practice which is associated with the production of goods and services. It involves the responsibility of ensuring that business operations are efficient through the use of as little resources as possible and also that the customer requirements are met in and effective and efficient manner. According to Bartol et al (1998: p. 53), operations management Is the function, or field of expertise, that is primarily responsible for managing the production and delivery of an...
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...Considering the key concept we discussed in the class the answer to Rodney King’s question: “Can’t we all just get along?” is we can’t just get along because there are factors that separate us and those factors play a great role on how we perceive ourselves, others, and our situation, and our interaction with others. Last week I did an initial assessment of a client who is homeless and currently living in the transitional house. The client had a set of twins about a year ago. The twins were premature and needed to remain in the hospital for care. When they were one month old, one of them died. Since the client did not have money to arrange the funeral for her son immediately, the funeral home left the body of her son to rot. The client believes...
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...Computer and network security has become very important to businesses, government, military, and individuals. Many companies have been compromised and personal information obtained and used without authorization. It is very important to have computer and network security to keep hackers and malware from collecting data and destroying a computer system and network. Computer security protects all of the data that is stored on your computer. Every component should be protected that includes hardware, software, and data. The history of Network security started when hacking crimes started in the 1980’s. Robert Morris was a computer hacker that released a worm that affected 6,000 computer systems. It created a large monetary financial lost because of a computer worm. The Computer Emergency Response Team (CERT) was said to be form after the attack to inform users they had security problems. ”The Department of Homeland Security's United States Computer Emergency Readiness Team (US-CERT) leads efforts to improve the Nation's cybersecurity posture, coordinate cyber information sharing, and proactively manage cyber risks to the Nation while protecting the constitutional rights of Americans (US-CERT).” Hospitals have major concern in protecting computer and network security. The information in hospitals have very valuable information such as patient records, social security...
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