...Management Challenges and Concerns Report HRM 498 August 26, 2013 Management Challenges and Concerns Report Human resources planning is the process by which management figures out how to move businesses forward from its current position to the aspiration future placement. Effective planning will result in the organizational management developing the right kinds and right number of people doing things that result in the worker and the organization having maximum long-run benefits. Establishing objectives and following through by developing and implementing programs such as appraising, staffing, training, and compensating to ensure that people with the right characteristics and skills are available when and where the organization needs them. A major objective of human resources planning is facilitating business effectiveness. Human resources departments need to analyze data that may need to guide any age groups for future years. Organizations need to know what direction they are headed. Demographic areas also have implications for managing human resources. One of the most disturbing problems for the resolution of company issues is the caliber of the person hired to be the human resources manager or specialist. For any human resources employee, the level of the human resource employee needs to be beyond reproach. The duties of the human resources manager are so vast because they touch every department within the organization. Based on this, the human resources employee...
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...Management Challenges and Concerns Report Julie De La Mora University of Phoenix HRM/498 Strategic Human Resource Management and Emerging Issues September 10, 2012 Jacqueline Crawford Management Challenges and Concerns Report Though it may be an employer market; still it is not a relaxed period for Human Resources Managers. A feeble economy makes it challenging to keep a strong work force. Even though the unemployment rate is at its highest, businesses have experience difficulty to find competent job seekers for particular responsibilities. Staying Connected with New Talent To connect with new and young talent, numerous businesses have increased a presence in social media platforms. Many companies have established Facebook and LinkedIn accounts to connect with prospective employees; few of them have even created specific accounts to attract their young employees to share their working experiences and how satisfied they are with their employers. For example they can share information about its internship programs, how the CEO’s mission and vision is viewed and keep informed on daily bulletins. Half of the population in the United States is younger than 30 years old and Human Resources managers need to be very cognizant of what the younger people want and need from a career in the workplace...
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...REPORTING DATE CIA 1003 INTERMEDIATE FINANCIAL ACCOUNTING AND REPORTING CAEA 1214 FINANCIAL ACCOUNTING AND REPORTING II Semester 2, 2015/2016 Learning outcome • Determine the different types of events after the reporting period in accordance with MFRS110. • Apply MFRS 110 to account for events after the reporting period either to: • Make adjustments in the financial statements • Prepare the necessary disclosures • Present the different types of events after the reporting period in the financial statements in compliance with MFRS110. Lecture outline • Introduction • Definitions • Types of Events -Adjusting Events -Non Adjusting Event • Other Issues -Date of authorization for issue -Dividends -Going concern -Disclosure Introduction • Bursa Malaysia requires large publicly traded companies to lodge their unaudited financial statements within 2 months of fiscal year-end and full financial statements within 4 months • Business continues during this “subsequent period” and events could take place that have an impact upon the firm’s financial statements for the preceding year • These events are referred to in the accounting literature as subsequent events or post-balance sheet events. Introduction • The IASB has released IAS 10, dealing specifically with the accounting for subsequent events. • IAS 10 requires that companies adjust the reported amount of assets and liabilities if events occurring after the balance...
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...Empathy is a very important trait in people because it shows that you care about the other person. It shows that you care even if you have went through the same thing. There's also a lot of different kinds of empathy. First of all, there's different kinds of empathy. First there is effective empathy, that is where you can share the emotions of others. Then their is cognitive empathy where you understand the emotion but don’t share them. Like a psychologist who who gets the emotion in a rational way even though client tells them. Last their is emotional regulation in this you can regulate someone’s emotion like a surgeon needs to control their emotions during operating on a patient. Secondly, we need to have empathy to feel someone's emotions....
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...Going concern concept The going concern concept assumes that an enterprise or the accounting entity has an indefinite or unlimited life or existence. It means that the intention of the business is to carry for a sufficiently long period of time to carry out its existing activities and commitments. It will not be liquidated or dissolved in the immediate future unless there is clear evidence or a specific instruction to the contrary. For Example: - where the venture is for a specific purpose like setting up a stall in an exhibition or fair or the construction of a building or bridge etc. under a contract, the business comes to an end on the completion of the project. Experience indicates that in spite of several business failures, enterprises have a fairly high continuance rate; certain entities have been in existence for more than a century even though the owners have changed. The business entities are therefore going concerns in the majority of the cases and it has proved useful to adopt continuity assumption for accounting purposes. Advantages 1. It provides a sound basis for the income or profit measurement. It means that the items which provide future economic benefit or which are used for more than one year are recorded a fixed assets rather than as expenses only because of the going concern assumption. 2. The going concern assumption facilitates the classification of assets and liabilities into short-term and long-term respectively 3. It is due to the...
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...Fundamental Design Principles Separation of concerns • To prevent overlapping between components of the system, all “concerns” (aspects and mechanisms) of the system should be separate. The codes for each concern should be separated from the other to prevent co-locating. This also prevents interdependency within the system and helps to maintain the system easily. • This is beneficial in architecture because separation of concerns promotes organization. Each application of a software has a specific code, and separation of these codes leads to an effective and organized layered effect. A software may have business aspects, user interfaces, structure and design codes, etc., there may be more than one application of the software working together. As long as the codes of these mechanisms are separated, there will not be an overlap leading to malfunctioning. Also if each section of a system consists of a specific set of features, going back and modifying or repairing a certain feature is easily done without disturbing other aspects of the system. Single responsibility principle • In a software or system, each module should only have one task or responsibility. Responsibilities can also be described as “reasons for change.” • Each mechanism of the system should only be responsible for one task. Providing multiple tasks for one module can overload that aspect of the system and lead to faults. In an example of opening a browser page, there is a functional aspect and the cosmetic...
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...'Definition of the 'going concern' concept The 'going concern' concept directs accountants to prepare financial statements on the assumption that the business is not about to go broke or be liquidated (i.e. where the business closes and sells all the assets for whatever price they can get). So, unless there is significant evidence to the contrary, accountants will base their valuations and their reporting of financial data on the assumption that the business will remain in existence for an indefinite period. An indefinite period means the foreseeable future or long enough for the business to meet its objectives and to fulfill its commitments. It is important to note that the 'going concern' concept does not imply or guarantee that the business is profitable and will remain so for the foreseeable future. So, the 'going concern' concept assumes that the business will remain in existence long enough for all the assets of the business to be fully utilized. Utilized assets means obtaining the complete benefit from their earning potential. (i.e. if you recently purchased equipment costing $5,000 that had 5 years of productive/useful life, then under the going concern assumption, the accountant would only write off one year's value $1,000 (1/5th) this year, leaving $4,000 to be treated as a fixed asset with future economic value for the business). The 'going concern' concept supports the assumption that when a business buys assets like land, equipment, and buildings, it does...
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...Modularization, Commodization Modularity Definition: Modularity is a very general set of principles for managing complexity. By breaking up acomplex system into discrete pieces—which can then communicate with one another onlythrough standardized interfaces within a standardized architecture (Langlois, 2000) * Modularity is based on a systems theory view of organizations and their processes. It seeks to investigate how a system’s components are ‘coupled’ together and how tight these bonds are. * Modularity is important today because of the increased complexity of modern technology. * The driving normative basis for the investigation is that increased modularity enables the parts of a system to be separated and combined with much greater flexibility, and that such flexibility is desirable. * What is new is the application of the idea of modularity not only to technological design but also to organizational design. * A complex modern society might be made more productive through a modular design of social and economic institutions. * In a world of change, modularity is generally worth the costs. The goal is to find the modularization that minimizes interdependencies and most cleanly decomposes the system. * Innovation that takes place through change in the modules we can call modular innovation. * Handling complex systems become easier if break them up into sub-systems. * Complex product or process composed of smaller sub-systems that can be...
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...Biodiversity in the Boreal Forest • Biodiversity can be defined as the variation of life within a biome or ecosystem. Unfortunately, Biodiversity around the world is at risk due to human interference and climate change. However changes within these forest and/or ocean ecosystems also impact the human population, as we depend on these crucial bionetworks for our very own existence. • The Boreal forest is a band of forest that stretches across the northern hemisphere, which includes the following countries: Canada, Russia, United States and the northern countries of Europe such as Sweden, Norway etc… (Green displays the areas where the Boreal forest is situated) • Within Canada, the Boreal forest region covers more than 290 million hectares. •This forest is primarily dominated by coniferous trees, namely: Jack Pine, Balsam Fir, Red Pine, White Pine, Black Spruce, White Spruce, Tamarack, Paper Birch, Eastern White Cedar, etc… • The leading cause of most threats upon ecosystem biodiversity is climate change; such is the case in Canada’s the Boreal forest. • Climate change also has an effect on the number of forest fires. • Invasive alien species are also a huge factor in destroying biodiversity in the Canadian Boreal forest. • The Boreal forest is the largest intact forest and wetland ecosystem remaining on earth. • One of, and perhaps the biggest threat to biodiversity in the Boreal Forest is Human infringement. • In summation the best way to preserve the Canadian...
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...Focal Concerns Perspective Focal Concerns Theory The focal concerns theory was developed by Stenonlzxd and his fellow colleagues in 1980. The basis of this theory argues that judges presiding over trials base there decisions around three focal concerns of blameworthiness, practical constraints, consequences, and protection of the community. For example, if a defendant is viewed as blameworthy, dangerous and less likely to have practical constraints and consequences, they would receive much harsher or severe sentences. The first focal concern focus' on the blameworthiness of the defendant. The focus specifically reflects on the seriousness of the offenders involvement with the crime and the offender previous record. In other words, the more serious the offense and the more criminal offenses the offender posses, the more blameworthy the offender appears. The next focal concern is the protection of the community. Judges tend to based their perception of recidivism or re-incarceration by dangerousness of the offender. The more dangerous a offender appears, they will have a higher rate of recidivism is which will cause them to receive a longer than an average sentence length and severity. The last focal concern that a judge considered are the practical constraints and organizational restraints. Organizational constraints are considered to be things like flow of court cases and overcrowding of correctional organization. The practical constraints refer to the offender...
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...Plant Succession - Definition Plant Succession Definition Stages Tolerance • The orderly process of one plant community gradually or rapidly replacing another – Can result from the developmental changes in the ecosystem itself – Or from disturbances such as wind, fire, volcanic activity, insects and disease or harvesting • In a particular environment, there is a characteristic sequence of biotic communities that successively occupy and replace each other over time following disturbance Stages of Succession • Primary succession – Initiated by disturbances that expose substrates and are left with essentially no plant growth at the beginning – Examples: glacial retreat; volcanic ash deposition Mt. St. Helens May 18, 1980 Gilkey Glacier, Alaska from www.geophot.de • Secondary succession – Established plant community has been destroyed but without severe disturbance of the soil – Example: forest succession following wildfire - pioneer forest re-establishes and is eventually replaced with climax forest wildfire from www.us.gov 1 Plant Succession • Seral stages • Climax stage Stages of Succession • Seral communities: The various “temporary” communities in the succession • Seral species - those that will ultimately be replaced • examples: annual plants, shrubs, intolerant trees Stages of Succession • Climax community: The “final” stage of the succession consists of those plants that can reproduce successfully beneath their own shade and therefore maintain...
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...Going Concern issues in financial reporting: a guide for companies and directors Published in 2009 by: Australian Institute of Company Directors (AICD) Level 2 255 George Street Sydney NSW 2000 Telephone: (+61 2) 8248 6600 Facsimile: (+61 2) 8248 6633 www.companydirectors.com.au publications@companydirectors.com.au Auditing and Assurance Standards Board (AUASB) Level 7 600 Bourke Street Melbourne VIC 3000 Telephone: (+61 3) 8080 7400 Facsimile: (+61 3) 8080 7450 enquiries@auasb.gov.au www.auasb.gov.au © Australian Institute of Company Directors (AICD) © Auditing and Assurance Standards Board (AUASB) © Financial Reporting Council (UK) 2009. Portions of this publication have been adapted and reproduced from an Auditing Practices Board Bulletin: Going Concern Issues During the Current Economic Conditions (December 2008) with the kind permission of the Financial Reporting Council (UK). All rights reserved. For further information please visit www.frc.org.uk or telephone +44 (0)20 7492 2300. © Portions of this publication have been adapted and reproduced from a KPMG Flash Report: How Concerned Should Directors be with Going Concern? (February 2009) with the kind permission of KPMG. All rights reserved. Typeset by Endnote design Printed by Ligare Pty Ltd National Library of Australia Cataloguing-in-Publication entry Going Concern issues in financial reporting: a guide for companies and directors/AICD, AUASB ISBN 9781876604158 (pbk.). 9781876604172...
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...Economics and Political Science David Smith Monash University Social capital The role of management control systems in NGOs Research executive summary series Volume 6 | Issue 6 Key findings: • Non-governmental organisations (NGOs) are being confronted with the competitive nature of acquiring funds and need to demonstrate that they have particular competencies to funders, while at the same time continuing to adhere to their traditional welfare or development values. • The evidence shows that developing formal management controls can help NGOs to develop networks with government departments, funding agencies, other service providers and clients. However, formal management controls also have the potential to damage the internal bonding between employees. • Developing belief systems to incorporate financial concerns, along with traditional welfare goals, would seem a useful starting point in the move towards managing in a more competitive NGO sector. Overview and objectives In recent years non-governmental organisations (NGOs) have become increasingly important in addressing humanitarian issues relating to welfare and developmental aid. NGOs face increasing pressure to demonstrate service delivery in cost efficient ways. This creates tension over delivering welfare services while operating within the constraints of cost management. The application of management control systems has the potential to help in the effective and efficient delivery of services...
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...Perhaps the best-known model of managerial behavior is the Managerial Grid®, which first appeared in the early 1960s and has been refined and revised several times (Blake & McCanse, 1985). It is a model that has been used extensively in organizational training and development. The Managerial Grid, which has been renamed the Leadership Grid®, was designed to explain how leaders help organizations to reach their purposes through two factors: concern for production and concern for people (Northouse, 2007). Concern for production refers to how a leader is concerned with achieving organizational tasks. It involves a wide range of activities, including attention to policy decisions, new product development, process issues, workload, and sales volume, to name a few. Not limited to things, concern for production can refer to whatever the organization is seeking to accomplish (Blake & Mouton, 1964) (Northouse, 2007). Concern for people refers to how a leader attends to the people in the organization who are trying to achieve its goals. This concern includes building organizational commitment and trust, promoting the personal worth of employees, providing good working conditions, maintaining a fair salary structure, and promoting good social relations (Blake & Mouton,1964) (Northouse, 2007). The grid theory breaks behavior down into seven key elements such as initiative, inquiry, advocacy, decision making, conflict resolution, resilience, and critique. Initiative is measured by taking...
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...Jim Crosby Task 2, Financial Analysis A1 Discuss budgeting areas that raise concern in the budget planning. There are several areas of budgetary concern within the proforma financial statements. Some of the prominent areas of concern are in the overall sales numbers. Units expected to be sold is 3510 for the year of nine of CB. However, year 8 had sales of $5,083,000 which was down 15% from the previous year, yet in the proforma statements for year nine, total sales are projected at $5,227,716. One wonders how this might occur given that administrative and executive salaries have remained the same. If indeed more units sold is to be expected for year nine, then overhead costs should have risen as well as the rest of the expenses for the operation. Other areas of concern are the current price per unit of the bicycle which in the proforma statement is $1495.00 per unit. This price needs to be increased by 1% bringing the actual price to $1509.95. This increase will bring the projected gross sales figure to $5,299,924.50. This added income of $52,277.15 will add to the bottom line of the operation. This added revenue to another area of concern in the expenses proforma. This area is the total direct labor hours needed in the assembly of raw materials. The current number is 52,650 and these ...
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