...put in a wider context. D. Gupta & M. Sathye Financial Turnaround of the Indian Railways ASARC WP 2007/13 3 On 15 April 2006, the Washington Times carried a lead story on the turnaround of the Indian Railways (IR) — a departmental organisation run by the Government of India (GOI). It stated ‘…few now doubt that Mr. Yadav (Minister for Railways) has presided over an impressive business turnaround ….more importantly, he’s taken the world’s largest employer — a government giant of 1.5 million employees — and boosted revenues by 15.5 percent without raising fares’ (Nelson, 2006:1). Pai Panandiker states ‘Indian Railways has turned around and made an estimated profit of $2.5 billion in 2005-2006. What is important, however, is that, unlike previous ministers, Mr. Yadav has looked upon Railways as a commercial enterprise and not a social welfare institution. [He] is a hard taskmaster and will ensure his subordinates carry out the projects’ (Pai Panandikar, 2006:1). The former Railway Minister (Mr Nitish Kumar), however, claimed that the foundation for the turnaround was laid down by him, the results of which are being realized now. In the media interviews, he charged that Mr Yadav (who became the Railway Minister in May 2004) is usurping the credit for the IR success. It is important to note...
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...Chapter 1 The Importance of Leadership D. Quinn Mills Leadership How to Lead, How to Live © 2005 D. Quinn Mills. All Rights Reserved. Leadership: How to Lead, How to Live Few things are more important to human activity than leadership. Effective leadership helps our nation through times of peril. It makes a business organization successful. It enables a not-for-profit organization to fulfill its mission. The effective leadership of parents enables children to grow strong and healthy and become productive adults. The absence of leadership is equally dramatic in its effects. Without leadership, organizations move too slowly, stagnate, and lose their way. Much of the literature about organizations stresses decision-making and implies that if decision-making is timely, complete, and correct, then things will go well. Yet a decision by itself changes nothing. After a decision is made, an organization faces the problem of implementation—how to get things done in a timely and effective way. Problems of implementation are really issues about how leaders influence behavior, change the course of events, and overcome resistance. Leadership is crucial in implementing decisions successfully. Each of us recognizes the importance of leadership when we vote for our political leaders. We realize that it matters who is in office, so we participate in a contest, an election, to choose the best candidate. Investors recognize the importance of business leadership when they say that a good leader...
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...Patient Protection and Affordable Care Act Diana Gonzalez Perez Florida International University Introduction The Patient Protection and Affordable Care Act (PPACA) was signed into law on March 23, 2010 by President Barack Obama. The PPACA was enacted to address the lack of quality health care delivery to the 49 million uninsured Americans, a number which has grown with the slow economic growth our country is experiencing (Rattue, 2011). As part of this legislation there are ten provisions, all which are important to comprehensive healthcare reform. Each provision addresses specific functions of the current healthcare delivery system including insurance, reimbursement, medications, and taxes. In this paper, specific provisions of the PPACA will be discussed as well as the legal implications of the legislation. Provisions The PPACA has ten provisions which supply legal guidance for the health care reforms expected to take place from 2010-2014. These provisions will continue to affect the Nation as healthcare continues to evolve. Title I. The quality, affordable health care for all Americans provision includes subtitles A-F. Title I sets the basic guidelines required to implement the PPACA legislation. Subtitle A. Subtitle A sets specific guidelines to be followed by health plans including the prohibition of establishing lifetime limits or annual limits for any participant or beneficiary after January 1, 2014, but permits a restricted annual limit for plans...
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...of tangible assets | Analysis | Data interrelationships | Recalculation / Reperformance: Performing independent calculations or recalculating the client’s calculations. • Computation produces highly reliable mathematical evidence. • Computation addresses existence and valuation for calculated amounts. Reperformance is applied in control testing, the auditor independently executes an internal control procedure. Observation: looking at the application of policy or procedures by others. (reliable evidence as to performance at the time of observation) PRODUCES A GENERAL AWARENESS OF EVENTS. Confirmation: consist of written enquiry to verify accounting records. Can produce evidence regarding existence, ownership, valuation, and cut off. -should be printed on the clients letterhead, signed by the client officer. -auditor needs to ensure that the address on the confirmation is legitimate -the recipient should be able to provide the information. -the auditor must mail the confirmations. -Responses must be returned directly to the auditor. Positive confirmationrequest a reply in all cases (follow up for all exceptions reported) Negative confirmation request a reply only when information is incorrect Enquiry: involves the collection of oral evidence from the client and independent third parties. -evidence from enquire requires corroboration (Confirmation or support of a claim or...
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...Entertainment Industry in India has registered an explosive growth in last two decades making it one of the fastest emerging industries in India. Television itself witnessed its transformation from a single government owned channels to a medium telecasting more than 300 national and regional channels. At present Indian film industry or Bollywood is a perfect combination of entertainment and commercial sector, producing close to thousand movies in a year in various Indian languages. Indian film industry supersedes Hollywood in terms of movie production quantity by more than three times. Broadcast Television is going through an extraordinary time of change and challenge. It is still one of the most popular forms of entertainment and information, with the average Indian viewer still watching twenty hours or more per week. But the rapid growth of the internet and interactive media is competing strongly for audiences and revenues. The Indian television industry is dominated by the major broadcasters like Star Group, Zee Group, Sun Network etc., plus a much larger number of less well-known broadcasters and production companies like Sahara, Jaya Tv, Kairali etc. As per the recent report by PricewaterhouseCooopers (PwC), Indians are likely to spend more on entertainment in the coming years with a steady growth in their disposable income. With the introduction of digital distribution platforms like direct-to-home (DTH) and Mobile TV, Indian television...
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...Higginbottom Institute of Agriculture, Technology and Sciences Allahabad - 211007, U.P., India 2014–15 1 CONTENTS CHAPTER TITLE OF CHAPTER ACKNOLEDGEMENT PAGE NO. 4 ABSTRACT 5-6 ABBREVIATIONS 7-8 LIST OF TABLES 9 LIST OF FIGURES 10 1 INTRODUCTION 11-13 2 REVIEW OF LITERATURE 14-17 3 MATERIALS AND METHODS 3.1 Operational Principle of Harvester 18 3.1.1 Cutter Bar Assembly 18 3.1.2 Power Transmission 19 3.2 Serrated Sickle 19 3.3 Field Performance 21 3.3.1 Field Preparation 21 3.3.2 Machine Preparation 21 Measurements 23 3.4.1 Forward Speed of Harvester 25 3.4.2 Height of Cut 25 3.4.3 Fuel Consumption 3.4.4 Width of Cut 26 3.4.5 Uncut Plants (on % basis) 26 3.4.6 Field Capacity 26 3.4.6.1 Effective or Actual Field Capacity 26 3.4.6.2 Theoretical Field Capacity 27 3.4.7 Field Efficiency 27 3.4.8 Slippage 27 3.5 Actual Working Time 29 3.6 Instrumentation 29 3.4 25-26 2 3.7 Labor Requirement 29 3.8 Cost of Operation 3.9 Procedure for calculating the Cost of Operation 29-30 3.9.1 Fixed Cost 30-31 3.9.2 Variable Cost 32-33...
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... Abstract A look inside an Italian-based, leading global defense company reveals roots dating back to discoveries made by the famous, Galileo Galilei in the 1500s. The introduction of the telescope along with the realization of Jupiter’s satellites, and speed of falling objects have been the backbone of Selex Galileo. The company exhibits a strong willingness to work alongside competitors to maintain global defense measures. The staggering 17% commitment of revenue to Research and Development make Selex Galileo a company that maintains flexibility and innovation throughout changing times and demands. Company profits of 2014 are probably well above the 2011 revenues that totaled over 3.5 billion Euros. With an ever-decreasing military budget, Selex Galileo is finding ways to continue its strides and success. Backdrop In the teachings of astronomy, “Galileo” is credited as the Italian astronomer and mathematician that first used a telescope to study the stars. This leap in science occurred during his lifetime, 1564-1642. He has also been credited with discovering that different weights will descend at the same rate. He perfected the refracting telescope during his lifetime. The perfecting of the telescope led to his discovery of Jupiter’s satellites, sunspots, and craters on the Earth’s moon. Because of Galileo Galilei’s advances in the area of astronomy, the United States later named a space probe to Jupiter “Galileo”, in 1989. (Galileo, n.d.) Company Background ...
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...Elmendorf was formerly Deputy Assistant Secretary of the Treasury in the Office of Economic Policy, and prior to that Senior Economist at the Council of Economic Advisers; Liebman was formerly Special Assistant to the President for Economic Policy at the National Economic Council; and Wilcox was formerly Assistant Secretary of the Treasury for Economic Policy. Table of Contents Page 1. Introduction 2. Budget Outcomes and Projections Improved Budget Picture Sources of Improvement 3. Budget Deficit Reduction: 1990 through 1997 OBRA90 OBRA93 What Did Deficit Reduction Ultimately Accomplish? The Republican-Controlled Congress BBA97 4. Entitlement Reform and Saving Social Security First Entitlement Commissions Social Security Saving Social Security First 5. Social Security Reform Options Using Projected Budget Surpluses as Part of Social Security Reform Investments in Private Financial Assets Potential Compromise Reform Proposals The 1999 State of the Union Social Security Proposal 6. Budget Surpluses: 1998 through 2000 The 1999 State of the Union Budget Framework Balancing the Budget Excluding Social Security Fiscal Policy in 2000 A National Asset 7. Conclusion References Tables Figures 1 3 9 24 40 63 78 80 84...
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...institutes preventative educational and training programs to help minimize and alleviate ailments associated with major chronic diseases and its risk factors. The plan identifies demographic groups affected by leading chronic diseases, specifies target stakeholders, and justifies how their contribution impacts the program. This plan outlines program case statement detailing the mission, goals, objectives, organizational history and structure as well as plans devised for fundraising. The plan does a thorough problem analysis to identify unmet needs necessitating this intervention plan. This P Plan presents a financial statement that describes the tax status of the P-Plan and reports a year’s budget estimate with relevant financial policies that justifies and strategically integrates budget with objectives, goals and mission to ensure fiscal accountability and responsibility. A human resource structure is illustrated in this P-Plan detailing list of positions and job descriptions with corresponding conflict of interest methodologies, employee training methods and effective ways of communicating to stakeholders. This P- Plan further demonstrates communication and marketing schemes that promotes plan’s mission, goals and objectives in a way that ensures branding and program’s success. ORGANIZATION Area of Emphasis: HICREP’s selected area of emphasis...
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...Executive Summary - Divorce Group 1 Statistics and History - Anteous Lewis 1 Types of Divorce - Christopher Leto 3 Conflicts and Negotiations - Spencer Griffin 6 Third Party Negotiation - Tiquoia Francis 7 Effects and Influences on Family Life - Joshua Norman 8 Works Cited 11 Statistics & History - Not surprisingly, divorce rates have only increased over time. There are a variety of factors that contribute to this, including general attitudes towards divorce and marriage in society. While statistics reveal a steady increase in divorce rates, it wasn't until the 70s that divorce became statistically prevalent. According to the CDC's report 100 Years of Divorce and Marriage Statistics, divorce rates went from less than 3% to almost 7% from the late 1800s to the late 1960s. There were a variety of factors that influenced divorce rates. The statistics below show the percentage of divorces that occurred out of the total number of marriages for a given year. Prior to 1867, divorce statistics were not recorded. While there certainly was a stigma attached to divorcing a spouse in the 1800s, divorce still happened on occasion. One factor that influenced divorce statistics at this time was the fact that women, outside of marriage, had very few economic opportunities. While the trend thus far in history had been for the divorce rate to increase, this isn't quite the case with the 30s. Due to the depression in the 20s, many couples stayed together...
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...Accounting Review for the CLEP Chapter 1 * Accounting “links” decision makers with economic activities and with the results of their decisions * Information Users * Investors * Creditors * Managers * Owners * Customers * Employees * Regulatory agencies * SEC * IRS * EPA * Cost & Revenue Determination * Job costing * Process costing * ABC * Sales * Assets & Liabilities * Plant and equipment * Loans & equity * Receivables, payables & cash * Cash Flows * From operations * From financing * From investing * Decision Support * CVP analysis * Performance evaluation * Incremental analysis * Budgeting * Capital allocation * Earnings per share * Ratio analysis * Basic Functions of an Accounting System * Interpret and record business transactions * Classify similar transactions into useful reports. * Summarize and communicate information to decision makers. * Objectives of Financial Reporting (general to specific) * Information useful in making investment and credit decisions * Information useful in assessing amount, timing and uncertainty of future cash flows. * Information about economic resources, claims to resources, and changes in resources and claims. * The primary financial statements...
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...per share (EPS) is the cash flow from which those dividends are paid. For a dividend to grow, it needs to be supported by EPS growth. Sponsored Link Simple Project Management Yes. It's easy. Nothing to install. Try it Free! www.smartsheet.com Earnings Per Share and Dividend Most dividend-paying companies make dividend payouts quarterly to coincide with the required quarterly financial reports. Earnings per share refers to the net income a company earns after all expenses and taxes divided by the number of outstanding shares. When the EPS number is published, that amount can be compared to the quarterly dividend amount the company paid for the quarter. A common corporate goal is to produce an EPS that grows year after year. Seasonal effects may cause earnings to fluctuate from quarter to quarter. To get a more accurate picture of earnings, compare full-year results or compare the same quarter year-over-year (such as the second quarter of last year compared to the second quarter of this year). Dividend Payout Ratio The dividend payout ratio is the dividend amount divided by the earnings per share. The ratio can be calculated on an annual or quarterly basis. A lower payout ratio means the company has excess earnings for future dividend increases. If you are looking for long-term, sustainable dividend growth, comparing the dividend ratio over several years shows whether the EPS is growing fast enough to support the dividend growth rate. Large, stable companies with steady earnings...
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...Group Name: The Corporate (A) SL. No. | Name | ID No. | 01 | Md. Saiful Islam | 104821 | 02 | Lenin Azad Polash | 104831 | 03 | Md. Whahiduzzaman Robin | 104865 | 04 | Rafiul Islam Chowdhury | 104965 | 05 | Md. Nazmul Hasan | 105043 | Letter of Transmission April 28, 2013 Md. Mosharraf Hossain Chairman Department of management studies Jagannath University, Dhaka. Sub: Submission of Assignment in “Employee Benefits of Walton (company)”. Dear Sir, We are very happy that we have been able to submit the assignment you have assigned to us. The assignment was to prepare the “Employee Benefits of Walton (company)” on the course named “Human Resource Management” as part of our academic activities. For the purpose of preparing the assignment we had to have an in-depth knowledge on Employee Benefits and the company Walton as well. This was the first ever opportunity for us to gain proper understanding to Employee Benefits and working on it over a company ever as such practical knowledge. Thank you for giving us the opportunity to learn the real life practice & increase the knowledge on Employee Benefit on the course “Human Resource Management”. Sincerely Yours Group Name : The Corporate (A) Section : A Department of Management Studies Jagannath University, Dhaka Table of Content Title | Subtitle | Page | Introduction | | vi | Background | Background of Bangladesh Small and Cottage Industry | vii | Definition | Definition of SME given...
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...Industrial Technologies Program Steam Digest A compendium of articles from 2003 on the technical and financial benefits of steam efficiency, presented by stakeholders in the U.S. Department of Energy’s BestPractices Steam efforts Volume IV Compiled for the Industrial Technologies Program By the Alliance to Save Energy Acknowledgements The Steam Digest: Volume IV is the fourth annual compilation of articles dedicated to steam system efficiency. The U.S. Department of Energy’s (DOE) Office of Energy Efficiency and Renewable Energy sponsors the BestPractices Steam program, which either directly or indirectly facilitated the creation of all the articles contained in this volume. BestPractices Steam, which is part of the wider BestPractices program under DOE’s Industrial Technologies Program, works with industry to identify plant-wide opportunities for energy savings and process efficiency. The BestPractices Steam Steering Committee provides a great deal of input and guidance into the program (see more information about the Committee on pages 1 and 2). Mr. Fred Fendt, Technical Fellow with Rohm & Haas, serves as Chair of the BestPractices Steam Steering Committee. Ms. Debbie Bloom, Senior Consultant for Nalco Company, continues as Vice-Chair. Mr. Doug Riley, Director of Global Energy of Millennium Chemicals, serves as the Executive At-Large. These individuals participate on the BestPractices Steam Steering Committee: Bob Bessette President, Council of Industrial...
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...Inherent Risks Author Author Affiliation Introduction Elders limited is an Australian agribusiness company founded in 1839. It deals in the supply of material, monetary and consultative inputs and marketing options to help Australian producers in addition to access to global markets. Inherent Risks 1. Inherent Risk - Going concern Elders Limited, in its 2012 financial statements highlights, the company’s intentions to focus on its core business, rural business and sell off other entities including Futuris Automotive. Elders Limited financial statements have been prepared with the assumption that the company will continue as a going concern. The company’s reliance on acquiring financing and the achievement of planned asset sales results in material uncertainty acknowledged by directors (White, 2012). Elders plan to proceed as a going concern and meet their objectives as and when they fall due (Sprague, 2013). The majority of Elders limited business operations are at risk of economic and marketing fluctuations, particularly due to the recent global recession (Elders Financial Statement, 2013). The auditing focus will be to consider whether an entity possess the ability to proceed with operations for the foreseeable future, given the circumstances of the business and the environment in which it operates (SAS 130, Para 8). Potential misstatements Management may be compelled not disclose all relevant facts pertaining to the entity. This...
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