...Need Statement The South Bronx is known to be a high poverty stricken area sadly the children miss out on many opportunities because of lack of money. In a society where technology has advanced greatly it seems those without resources are left behind. Poverty in the Bronx is at an all-time high as the world moves forward it seems the families in the Bronx are drowning in need. In all of New York City the Bronx has the highest rate of poverty. The rate has slightly improved in recent years, but child poverty in the Bronx is almost 10 percent higher than in the most populous borough, Brooklyn, and well above the city average of 28.8 percent (Lievano 2009). . St. Ann’s Church of Morrisania is an organization located in the heart of the Bronx this organization have dedicated its services to the community especially the children. Seeing our children as our future St. Ann’s see the need to help defenseless children. Without help the children forced to live in poverty have no chance for a bright future. The programs at St. Ann’s are designed to assist low to no income families and children. There is a food pantry, a soup kitchen, free clothing, afterschool program during the academic school year and the freedom school program in the summer months. These programs assure that the children in the community are eating well, have clothes, and on certain days a hot meal. The programs also give the children a friendly atmosphere in which to socialize with their peers. The staff...
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...Acquisition Assignment 1- The Statement of Need Anthony Childs Strayer University 23 April 2011 For this assignment, I have chosen the Department of Energy. As a contracting officer, I have been tasked with overseeing the acquisition of a proprietary database program for the entire Research and Development department. * Explain how you would go about developing the statement of need? Give examples of the information required and factors to be considered. To begin the process of acquiring the new program, I would first develop a Statement of Need (SoN). Once the database program that we were currently using had been determined to be obsolete or no longer suitable for our needs (or, even better, if we had made this determination well in advance of the program actually failing to meet our requirements), a new proprietary database program would have to be developed (or purchased) and then phased in to replace our current system. In order to spend any of our precious government funds, I would have to make a case for why we wanted to buy a new program. One of the first things that I would do would be to speak to the users of the system to determine what exactly the current program was being used for, and how it was being used. Besides speaking with the individuals within the Department of Energy who used the program the most, I would also speak to the vendors (or developers) of the program to get their input as well. I would then find out what (beyond our current uses)...
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...Assessment Process and Needs Problem Statement BSHS/452 Assessment Process and Needs Problem Statement The population Team C’s community organization, Human Services Association, serves is families, children, and the elderly. The population is in Bell Gardens, CA. The need is evident every day. The children do not have proper daycare and are home alone although their parents work. The cost of daycare is more than low income families can afford. The elderly are home alone without social workers to implement a care plan. Our organization will provide a safe and supervised environment, a nutritious afterschool snack and help with homework Low income adults and families can come to the organization for help with food, clothing, and parenting classes. Our organization will provide; housing, rental, and utility assistance. The elderly in our area live alone. They often do not have proper meals or someone to check in to ensure that medication is taken and physician appointments are kept. Social workers can visit them at home, set up transportation to our center and provide for general medical help at the center. There is a nurse practitioner on site for the elderly clients and the children. Their responsibilities would be to fix booboos because children do fall and assess the elderly clients, blood pressure, sugar level, and mood. The elderly who come into the center would get help and socialization. The elderly clients, who are able, can read...
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...groups include: • Investors / shareholders • Employees • Lenders • Suppliers • Customers • Government • Public What then are the needs of these groups and how would they use the published statements? Investor Group This group would comprise both existing and potential shareholders. They would consider whether to invest or disinvest in the business. Equity investors consider two elements to their investment, income and gain. Income in the form of dividends and gain in the share price. If the investor takes a short-term view then current dividends are of interest. Whereas a longer-term view would concern future earnings. A guide to the future can to some extent be seen in company reports with the chairman’s statement, although based on current performance, company forward strategy is often included. The investor group would also be interested in profitability and its trend over a period of time. Employees It is encouraging to note that some companies produce a separate employees report. Employees and their representatives require information on business performance for two principal reasons: • wage and salary negotiation • assessment of current and forward opportunity in terms of employment They would be interested in both the current financial stability and the longer-term financial viability of the business. They need information in a clear, simple and understandable form. I have seen some employee reports which include a value added approach rather than...
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...CHAPTER NO:1 INTRODUCTION 1.1 WHAT’S A MISSION STATEMENT? Imagine if you were the captain of your own ship. You wouldn’t let the ship sail just anywhere. You would have a direction and a destination to sail to. Either you’re sailing to a predetermined port of call, or your ship is in port, getting ready to sail to another destination. It’s the same with our lives. A mission statement clarifies what you want out of life. It gives you a clear sense of direction. You know where you need to focus your attention to create the desired outcome. As Zig Ziglar has said, “You cannot make it as a wandering generality. You must become a meaningful specific.” A mission statement is only a paragraph long, but it has specific, measurable outcomes and a deadline for accomplishing that outcome. It’s truly the best way to start your journey to success. Mission statement A mission statement is a statement of the purpose of a company or organization, its reason for existing. The mission statement should guide the actions of the organization, spell out its overall goal, provide a path, and guide decision-making. It provides "the framework or context within which the company's strategies are formulated." Definition: A written declaration of an organization's core purpose and focus that normally remains unchanged over time. Properly crafted mission statements (1) serve as filters to separate what is important from what is not, (2) clearly state which markets will be served and how, and...
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...1. Why is it important for a company to have a well written mission statement? Well written mission statements provide employees with a shared sense of purpose, direction, and opportunity. They focus on a limited number of goals, stress the company’s major policies and values, and define the company’s major competitive scopes. In addition, good mission will have long term view. 2. What key points do you think need to be included in the mission statement? The range of products and applications that a company will supply. The type of market or customers a company will serve. The range of regions or countries in which a company will operate. 3. Should a mission statement also be a marketing tool? Yes, the mission statement should be a marketing tool. The mission statement is like a brand and branding makes the object more memorable. Words that should speak clarity over cleverness and meaning over beauty. 1. Why is it important for a company to have a well written mission statement? Well written mission statements provide employees with a shared sense of purpose, direction, and opportunity. They focus on a limited number of goals, stress the company’s major policies and values, and define the company’s major competitive scopes. In addition, good mission will have long term view. 2. What key points do you think need to be included in the mission statement? The range of products and applications that a company will supply. The type of market or customers a company will...
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...The four statements in the U.S. are the Balance Sheet, Income Statement, Changes in Financial Position and Statement of Retained Earnings. The B/S tells you the cost of the company's assets and the amount of money the company owes. The difference is the retained earnings left in the company by its owners. The B/S is very important to the banks and creditors because it gives them an understanding of what a company owes and coverage of the assets in case things go bad for the company. The I/S is most useful to the managers and investors and somewhat to the creditors and employees. With the I/S, managers can gauge how well they are doing against prior periods and years. It shows how much they are spending and for what. The investors look at the I/S to see if the is growing, which is something they are looking for. The Cash Flow Statement is one of the statements that links the I/S and B/S. It shows what the sources and uses of funds have been for the company. In the real world it is not frequently referred to unless you have specific questions like how much new equipment the business purchased or where the business is getting its money or repaying its money. The Statement of Retained Earnings (where required like the SEC) tells you how the Stock Ownership (assuming its a corporation) is coming from. This makes the statement useful to owners, investors and employees with stock options in the business. All statements are used by all four classes of interested parties,...
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...important but also crucial to any organizations overall success. I am the newly appointed director of the Public Women’s Health Center. This organization is dedicated to helping out by providing women’s services and family planning to those in need. The Women’s Health Center is a provider of OB GYN care with excellence in family planning and counseling. WHC is a non-profit organization and a leader in health care for women today, with the most advance technology we are able to keep up with the ever changing times as well as the ever changing needs of the community to. The clientele for this organization will mainly be at risk women (youth) in the community as well as those in need of services because they cannot afford the treatment. The clientele is usually poverty stricken and have no other means for treatment otherwise. As the director I had the distinct pleasure of creating a mission statement that will strategically guide this organization through daily operations and decisions. The mission statement written expresses just that, guidance. The WHC mission statement: “To provide quality care, compassion and comfort to those within the community in need.” This mission statement supports the ethical system because it addresses the needs of the clientele as the main focus of the organization which is what the focus is supposed to be about as well as through acting as guiding purpose of all organizational and professional behavior. All decisions must be aimed at enhancing...
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...assessment you will have opportunities to provide evidence against the following criteria. Indicate the page numbers where the evidence can be found. Criteria reference To achieve the criteria the evidence must show that the student is able to: Task no. Evidence 1.1 Describe the different users of financial statements and their needs 1 4-5 1.2 Explain the legal and regulatory influences on financial statements 1 6-7 1.3 Assess the implications for users 1 7-8 1.4 Explain how different laws/regulations are dealt with by accounting and reporting standards 1 8-9 4.1 Calculate accounting ratios to assess the performance and position of a business 4 9-10 4.2 Prepare a report incorporation and interpreting accounting ratios,including suitable comparisons 4 11-12 2.1 Prepare a report incorporation and interpreting accounting ratios,including suitable comparisons 2 13-19 2.2 Prepare financial statements from incomplete records 2 24-27 2.3 Prepare a consolidated balance sheet and profit and loss account for a simple group of companies 2 21-23 3.1 Explain how the information needs of different user groups vary 3 20 3.2 Prepare financial statements in a form suitable for publication by a sole trader, partnership and limited company 3 13-19 Learner declaration I certify that the work submitted for this assignment is my own and research sources are fully acknowledged. Learner signature: Date: 26.10.14 Unit Contents No. Particular Page...
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...factors that need to be taken into consideration when dealing with mishaps like this. There are legal factors that need to be considered first before the company can outreach to anyone. The first release will be the one to the families and internal staff of the mining company. The second will be the statement made to the local news and general public. Will show how the organization plans to ensure how the statements are not misinterpreted. The first statement should be made to families and staff in a face to face setting so that the families can see the concern and worry that the company has for all the miners that are directly involves and those that are indirectly involved. The statement should be face to face so that there is a chance to explain what is known and what is in the planning stages the rectify the situation and free the trapped miners. The statement will also inform all that are impacted by the incident of the different channels that are going to be in place or are already in place to help all that are impacted to get the help that they are going to need. The statement would also detail the latest plan to get the trapped miners out of the mine. It would also include the locations of where the mines were working and where the closest safety point where food, water, and fresh air is located. The family and coworkers statement would be more frequent then the other statements that would be released to other media outlets. The family and coworkers statements would also...
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...The Four Financial Statements In accounting there are four statements used to display a business’s finances. They are the income statement, retained earnings statement, balance sheet, and statement of cash flows. These charts interconnect to each other to show a specified amount of time. Without one of them, an accountant cannot see accurately the state of a business. Accountants are not the only people who find this information useful. Internal and external users can find the information that they need about the state of a business and its finances through these four statements. The income statement shows a broad view of how successful a business is. It shows how much the company earned in revenue and how much the company spent in expenses. By deducting the expenses from the revenue, the net income is the leftover amount. The net income is how much pure profit the company earned. This statement is important because it not only documents past and current success but also can predict future success. The retained earnings statement shows how a business pays dividends to its stockowners. If the business is profitable, the accountant takes the net income provided from the income statement and deducts the dividend from it. The net income minus the dividend is the retained earnings. It is the retained earnings that provide the most accurate portrayal of profits. If the company does not make a profit in the time posted, the dividends come from the previous time’s...
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...Financial Statement Part 1: The Home Depot, Inc. Brenda Ocampo ACC 497 November 25, 2013 Rick Kwan The Home Depot, Inc Annual Report The Home Depot, Inc. had their retail sales decline by 7.8 percent. Even though there was a bad economic time for all stores this store strived to provide better customer service, invested in the sales associates, and rebuilt their supply chain. These decisions helped optimize their capital allocation and allowing them to concentrate more on efforts on the core business. In the first quarter of 2008 The Home Depot, Inc decided to close 15 underperforming stores and still making an operating profit and $41 billion in assets. Any business needs to be able to look at and analyze their Income Statement, Balance sheet, and Statement of Cash Flow to help determine if they are successful and if they need to make any adjustments to the business operations to make it more successful. Income Statement The Consolidated Statements of Earnings tells how the business is doing in performance and profit. This statement shows the gross profit growth, operating expenses, operating income, and earnings from continuing operations before provision for income taxes, and the earnings from continuing operations. The statement for The Home Depot, Inc. shows how the business had a decrease in fiscal year 2008 of 7.8% and a decrease in Net sales. The Home Depot, Inc. reported Net Earnings of $2.3 billion in fiscal year 2008 compared to...
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...HOW TO WRITE A STATEMENT PROBLEM YOUR PROPOSAL WRITING COMPANION Compiled by Henry M. Bwisa Professor of Entrepreneurship Jomo Kenyatta University of Agriculture and Technology E-mail bwihem@yahoo.com Website www.professorbwisa.com November 2008 INTRODUCTION It is a constant complaint among those who evaluate proposals that the most frequent deficiency noted by them is the lack of a clear problem 1 statement to define and guide the inquiry. The issue of how to write a problem statement becomes important. WHAT IS A RESEARCH PROBLEM? Generally speaking a research problem is a situation that needs a solution and for which there are possible solutions. If a situation has no possible solutions then it makes little or no sense expending resources researching it. Take this statement, “everybody wants to go to heaven but nobody wants to die”. Dying looks like a problem that needs a solution yet there is no possible solution to it. People must die. A research on how people can live forever makes little or no sense. A research problem may be described as an incongruence; a discrepancy between what is and what ought to be. It may be also described as the gap in knowledge that needs to be filled. WHAT IS A PROBLEM STATEMENT? A problem statement is the description of an issue currently existing which needs to be addressed. It provides the context for the research study and generates the questions which the research aims to answer. The statement of the problem is the focal point of...
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...maximize the wealth of shareholders. In other words, this is also to make the shareholder’s investment profitable. Shareholders’ wealth will be maximized when a decision made by manager raises the NPV (net present value). The NPV means the difference between present value of the benefits and present value of the costs. A decision which has a positive net present value will create wealth for shareholders and a decision that has a negative net present value will create loss of wealth for shareholders. Therefore, only those decisions that have positive net present value must be accepted. Forecasting financial requirements and acquiring necessary funds is also important in financial planning. In a business, there are some requirements which need to be prepared within a budget. A budget is financial plan on how the different sides of...
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...The four major financial statements are the balance sheet, income statement, statement of retained earnings and statement of cash flows. The balance sheet shows the financial condition of a company. It reports the company's assets, liabilities and net equity. The income statement shows the profit and loss of a company. It reports the company's income, expenses and profits over a period of time. The statement of retained earnings shows the changes of a company's retained earnings over a period of time. It shows how much income was given to owners and how much was used for growth in the future. Lastly, the statement of cash flows shows the company's operating, investing and financing activities. Internal users are a variety of managers who create, organize and oversee a business. The types of managers included under this category are, marketing managers, production supervisors, finance directors and company officers. It is important for these managers to know the all around financial condition of a company so that they have the answers to many important questions. There are many important questions such as which marketing strategies will help maximize profit and successful sustainability of a business. There are human resource questions that need answers such as can a company afford to give paid vacations to their employees. There are also management questions like which products are more profitable and which can be removed due to lack of profit. This is why...
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