...The last scenario is to resolve revenue from a non-refundable prepayment for the right to receive goods or services in the future, such as a gift card in this case (IFRS 15 BC396). According to IFRS 15.B44, UCL should recognize a contract liability in the amount of the prepayment for its performance obligation to transfer in the future. UCL shall derecognize that contract liability (and recognize revenue) when it transfers those goods or services and, therefore, satisfies its performance obligation. As the gift cards have no expire date, UCL will only recognize revenue when those gift cards are redeemed (IFRS 15.B40), because the related performance obligations has been satisfied. Customers may not always exercise their contractual rights to redeem the gift cards in full....
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...interruptions. Time efficiency: Make the best use of available time and resources. Balance quality & deadlines: Appropriately balance quality of work with ability to meet deadlines. Bottom line: Clearly see the “bottom line” of customer expectations and ensure that work products meet that bottom line. Acknowledge & correct mistakes: Do not make excuses for errors or problems; acknowledge and correct mistakes. Assume responsibility: Do not attempt to diffuse blame for not meeting expectations; face up to problems with people quickly and directly. Adaptability/Flexibility: Adapt easily to changing business needs, conditions and work responsibilities. Adapt approach, goals and methods to achieve successful solutions and results in dynamic situations. Anticipate change need: Anticipate and effectively communicate need for change. Alternatives: Identify and provide different alternatives to reach a given end. Strategies/tactics: Develop new strategies or tactics if current ones are ineffective. Reduce concern about change: Manage and implement change in a way that reduces the concern experienced by others. Accept change: Cope well and help others deal with the ongoing demands of change; proactively embrace change as a way to accomplish goals more effectively; see the benefit and inspire others to accept...
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...My abilities with incorporating CBT and the twelve steps model have assisted the individuals with their transition from addiction to freedom without drugs or alcohol. To assist the individuals with achieving this accomplishment, three categories of CBT was the primary focus, Situation, Thoughts and Beliefs in conjunctions with applying the principles of the twelve steps. Situation would assist the individuals with identifying how theirs response to Situation and environments, especially, recognizes the importance with applying theirs coping techniques. The individuals would acknowledge how their lack of coping techniques has prevented them from addressing the situation appropriately, where they would recognize the significance with applying the applications of the principles of the twelve steps during their encounters in whatever situations or environment that present its self. Also applying some aspects of the Systems approach to treatment would increase the individual’s insight and comprehensives of their subsystems that contributed to the situations and...
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...Many leadership theories were developed and studied during the last century, but no single approach to leadership has been identified as the best method for all situations. Leadership is “the ability of an individual to influence, motivate, and enable others to contribute toward the effectiveness and success of the organization. . .” (House et al., 1999, pg. 184) Victory will go to the organizations that maintain their flexibility, continually improve their quality, and beat their competition to the marketplace with a constant stream of innovative products and services. After years of lackluster performance, Boeing realized it needed to change its business model. The result was its 787 Dreamliner and a return to being the world’s largest airplane manufacturer. Similarly one key to the success of a manager is their ability to switch, or flex, styles as conditions change. This is commonly referred to as "situational leadership." Every organization has a variety of work force, different type of contingencies and every situation calls for a different type of approach. There cannot be a fixed solution for a similar type of problem. Yes but definitely there can be a combination of previously derived solutions to solve an issue. That’s the reason higher management’s know the worthiness of recruiting experience persons. This approach leadership is successful in both, the existing work environment, or the specific needs of the business. The effective manager is able to utilize multiple...
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...Pharma Co. Date: October 8, 2012 Prepared by: Lily Xu Reviewed by: Professor Dennis Goodman ISSUE: Accounting for Pharma Co.’s restructuring program of relocating a manufacturing operation including terminating certain employees under IFRSs and GAAP. BRIEF BACKGROUND Pharma Co. is a U.S. subsidiary of a U.K. entity that prepares its financial statements in accordance with (1) U. S GAAP for reporting to its U. S.-based lender and (2) IFRSs in reporting to its parent. Pharma. Co is in the process of restructuring a business line. As part of the restructuring, Pharma Co. is considering the relocation of a manufacturing operation from its present location to a new facility in a different geographic area. The relocation plan would include terminating certain employees. Pharma Co. has taken the following actions for the restructuring: 1. On December 15, 2010, Pharma. Co. issued a press release announcing its intentions to terminate its operating lease. The lease agreement stipulates that written notice is required for early termination. The lease termination fee is $1.3 million. The company plans to vacate the leased plant and sign the lease termination agreement on January 31, 2011. 2. On December 27, 2010, Pharma Co. management communicated the one-time termination plan to its employees. The plan involves a reduction of approximately 120 employees. The workforce reduction is expected to be complete by January 31, 2011, and is expected to cost approximately $3 million...
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...manager. Based on the Week 4 reading and lecture, what major ways do people deal with conflict? Share a personal experience of conflict and how you dealt with the situation. 2. Questions: (TCO E) In order to have a high-performance team you must first recognize the qualities of a high-performance team. Describe at least five qualities of a high-performance team and then what can be done to develop those qualities in a team. 3. 3. Questions: (TCO F) The PMI® Code of Ethics is made up of four areas: responsibility, honesty, respect, and fairness. Discuss the area of responsibility and what it means for you, the project manager. 4. Questions: (TCO F) When developing a stakeholder matrix, the portfolio manager must look at the portfolio governance in order to complete the stakeholder analysis. In your own words, what is the role, interest and expectations of the governance? Version 2 1. Question: (TCO D) As a project manager, dealing with conflict is part of the job. There are many sources of conflict; one source that is often overlooked is the manager. Based on the Week 4 reading and lecture, what major ways do people deal with conflict? Share a personal experience of conflict and how you dealt with the situation. 2. Question: (TCO E) In order to have a high-performance team you must first recognize the qualities of a high-performance team. Describe at least five qualities of a high-performance team and then what can be done to develop those qualities in a team...
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...PhD in philosophy, she acts like she knows everything, but she does not even know herself. When a bible salesman comes to Hulga’s house, her mother invites the teenage boy into their house for dinner because she wants her daughter to get married. Hulga eventually warms up to the boy and they make plans together. Hulga plans to seduce Manly Pointer and believes that she has the intellectual ability to control him because he is a “Christian” and Hulga claims that she does not believe in anything. Hulga plans to manipulate Manly Pointer on their date, but does not recognize that she has actual feelings for him. However, Manly Pointer turns out to not be a Christian at all and only wanted to take advantage of Hulga. Manly Pointer tricks Hulga into taking off her leg and this makes her feel “entirely dependent on him” (289). Hulga put herself in a vulnerable position when she thought that she was in control of the situation. Manly Pointer is not a real Christian and in his “bible” are playing cards and alcohol and other non-Christian like items. His bible was a fake front that he used in order to get what he wanted. Manly Pointer’s name is ironic because he wanted to figuratively “point” Hulga into the right direction by having her get over herself and realize that she...
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...manager. Based on the Week 4 reading and lecture, what major ways do people deal with conflict? Share a personal experience of conflict and how you dealt with the situation. 2. Questions: (TCO E) In order to have a high-performance team you must first recognize the qualities of a high-performance team. Describe at least five qualities of a high-performance team and then what can be done to develop those qualities in a team. 3. 3. Questions: (TCO F) The PMI® Code of Ethics is made up of four areas: responsibility, honesty, respect, and fairness. Discuss the area of responsibility and what it means for you, the project manager. 4. Questions: (TCO F) When developing a stakeholder matrix, the portfolio manager must look at the portfolio governance in order to complete the stakeholder analysis. In your own words, what is the role, interest and expectations of the governance? Version 2 1. Question: (TCO D) As a project manager, dealing with conflict is part of the job. There are many sources of conflict; one source that is often overlooked is the manager. Based on the Week 4 reading and lecture, what major ways do people deal with conflict? Share a personal experience of conflict and how you dealt with the situation. 2. Question: (TCO E) In order to have a high-performance team you must first recognize the qualities of a high-performance team. Describe at least five qualities of a high-performance team and then what can be done to develop those qualities in a team...
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...restorative justice approach to her situation. In her book Shannon states that Zehr looks at the criminal justice system through these main questions, what law was broken, who did it, what punishment does he or she deserve. Restorative justice changes the perspective and asks these questions, who was hurt, what are their needs and who obligation is it to address those needs. Essentially, we see here how Shannon’s situation, and those involved, focused more on the retributive approach compared to the restorative approach. Shannon received no help from the criminal justice system, they did not view her as a victim, and instead she was stigmatized and forced into difficult situations. Restorative justice recognizes that crime is a violation and these violations create obligations. In Shannon’s situation, the system failed to recognize the violation and obligations that occurred to...
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...Justice Jackson’s framework of presidential powers laid out in the Youngstown Sheet & Tube Co. v. Sawyer case discusses three situations and the level of power the president possesses in accordance to said situations. The first of these regards when the President “acts pursuant to an express or implied authorization of Congress” at which point his power is at its highest. The second situation is when the President “acts in absence of either Congressional grant or denial of authority” in which case he must rely upon his own independent powers. However, there is a gray area in this scenario in which he and Congress may have “concurrent authority or in which its distribution is uncertain.” The third situation regards when the President “takes measures incompatible with the expressed or implied will of Congress…for...
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...conscious of the implications of your interactions with others. You show this competency when you: • act with honesty, integrity and personal ethics • recognize your personal efforts and the efforts of others • acknowledge diverse opinions and accept differences • manage your personal health and emotional well-being • take responsibility and demonstrate resiliency and accountability for yourself • plan and manage your personal time, finances and other resources 2 • assess, weigh and manage risk in the face of uncertainty • recognize your strengths and areas for improvement • adapt to new environments and cultures This competency aligns with the following UVic Learning Outcomes: Ethical and professional reasoning and action / Intercultural knowledge and sensitivity Communication: This means that you’re comfortable using a broad range of communication styles, and you choose appropriate, effective ways to communicate to audiences in diverse situations. You show this competency when you: •communicate in a respectful tone and manner •listen actively and communicate effectively with others •write clearly and accurately in a variety of contexts and formats •listen and ask questions to understand other people’s viewpoints •communicate issues in a timely manner •are aware of and responsive to verbal and non-verbal communication styles •recognize cultural differences in communication •use effective cross-cultural communication skills This competency aligns with the following UVic Learning Outcomes:...
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...“The Quiet Alarm”, Andrea Elpidorou tries to convince that boredom is a valuable emotional state that motivates people to seek out for more stimulating activities. To achieve that, Elpidorou uses comparison and examples In his text, Elpidorou uses comparison to prove that boredom promotes the change of habits and behaviours. He compares boredom to pain to explain that boredom makes people aware of unfulfilling situation and to show that it motivates people...
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...Critical Thinking Application Deshone Jones MGT / 350 Charles Donewar April 20, 2010 Critical Thinking Application Critical thinking is the ability to think clearly and rationally. The purpose of the critical thinking application paper is to explain ways critical thinking is used in work-related situations. The paper will provide examples from personal experiences while applying critical thinking in work-related decisions. The paper will illustrate the importance and benefits of critical thinking in the decision-making processes. Critical thinking is necessary for business situations as well as personal situations. Critical thinking is a skill that motivates reading, writing, speaking, and listening. By using critical thinking in the workplace it helps me to recognize the logical relations between different ideas. Critical thinking is a skill that helps any individual to recognize, creates, and evaluates argument within in given situation. When working I as an individual try to use critical thinking to notice discrepancies and any regular errors in the analysis process. When using critical thinking a person can solve problems thoroughly and recognize the significance and meanings of different ideas. Last, critical thinking sometimes help reveal unfairness and narrow-mindedness, but it also helps an individual to mirror on the reason of one’s own ideas and morals. In my workplace there are always changes and these changes become more complex as the days go on, so in...
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...to find out what led her to use behavior such as rudeness and disrespectful behavior and use a better technique to get her point across. Staff assist client in developing the lack of sensitivity to the needs and feelings of others. Staff showed client how to proper response to someone that is being rude toward her through role playing. Staff expressed to client the importance and has a clear understanding as to why she should respect herself and family members that are in the home. Staff directed client to have a strong support system she should involve her family in her coping with behavior problems. Staff encourage client to trust her family to help her with any situation. Staff assists client and caretaker how to communicate to one another with respect and using listening skills. Staff assist client to recognize how her body language is a form of expression and when she is talking her body language may send a different message then what she is talking about. Staff assist client in using better judgment to solve her problems then to show negative behaviors. Staff advised to client how to use her resolution skill to resolve a conflict between others. Staff showed client how to manage daily stressors that cause her behavior to change from positive to negative. How effective Client understand that she have to watch the way she say things to others. Client express that she was aware of her rudeness and will work on her behavior. Client stated that she never thought about other...
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...Adapted from Bernhardt & Kinnear (1988). Cases in marketing management, pp. 6-16. Plano, TX: Business Publications, Inc. Pay careful attention to the following points. They are often used by instructors to evaluate either a written or oral analysis. 1. Be complete. Each area of the situation analysis must be discussed, problems and opportunities identified, alternative presented and evaluated using the situation analysis and relevant financial analysis, and a decision must be made. An analysis that omits part of the situation analysis or only recognizes one alternative is not a good analysis. Second, each area must be covered in-depth and within insight. 2. Avoid rehashing case facts. Every case has a lot of factual information. A good analysis uses facts that are relevant to the situation at hand to make summary points of analysis. A poor analysis just restates or rehashes theses facts without making relevant summary comments. 3. Make reasonable assumptions. Every case is incomplete in terms of some piece of information that you would like to have. A good case analysis must make realistic assumptions to fill in the gaps of information in the case. For example, the case may not describe the purchase decision process for the product of interest. A poor analysis would either omit mentioning this or just state that no information is available. A good analysis would attempt to present this purchase decision process by classifying the product and drawing upon real life...
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