Research Proposal Assignment Example | Topics and Well Written Essays - 1000 words

Research Proposal - Assignment Example 4-5). This means that HR has broadened its function from the administrative work to the payroll processing, training and development and various others. This has led the managers and supervisors think about how to utilize maximally the employees with their competence that can significantly contribute to the accomplishment and flourishing of the overall enterprise (Mathis  & Jackson, 2011, pp. 1-3). Therefore, the hypothesis statement with respect to this research proposal is "The effect of HR management on the success of organization", since it is one of the most imperative aspects to measure. Brief Literature Review The human capital for any organization is the amalgamation of the skills set that they have attained from the duties and responsibilities, their attitudes, knowledge, training and experience (past and current) that sets the value of the employee within the marketplace. Therefore, the human management is not only a function, as the role of workforce has become vital in the contemporary times that add the competitive advantage for the enterprise. This has come under numerous research and investigations (Sims, 2002, pp. 2-5). According to one of the empirical studies, it has come to notice that those organizations have been more successful and thriving that value their employees (HR), in contrast to the enterprises, which have not given much importance to their employees and have considered them of negligible worth. This is because when the employees feel that their participation and involvement towards a particular task is being recognized, the level of motivation amongst the employees boost, thus they tend to be more productive and efficient in producing the outputs, which facilitates in accomplishment of the company goals and missions (Sims, 2002, pp. 2-5). In fact, few of the research studies have concluded that the organizations that are generating more profits practice various universal things that include providing job security to the employe es, having active participation from the workers, involving them in self-managed teams, training and educating the new and current staff. Creating a collective organizational culture, sharing of sufficient company information with the members are also few of the aspects that the successful organization practice as their routine procedures (Pynes, 2009, pp. 23-26). Studies also indicate that the traditional role that the HR personnel enlightened was the acquiescence and fulfillment of the rules set by the organizational executives, where they kept the tracking of the records of the employees through simple matrices such as number of hired workforce, number of training hours completed by the employees and so forth. However, this traditional role of HR transformed and now they have a broader vision and focus on outcomes and results of the employees and not just figures and compliance, which have come under evidence in the current researches. Indeed, investigations indicate that HR prof essionals also pursue the employees’ skills sets that they are using to the achievement of the company goals that can provide success and benefit to the overall organization and to their own personalities as well (Storey, 2008, pp. 153-156). To put it in nutshell, the organizations

Is Eurozone sustainable for the UK to join Literature review

Is Eurozone sustainable for the UK to join - Literature review Example Over the past few years, there has been a considerable debate about the stand that the United Kingdom has taken towards Eurozone. This study explores the topic, ‘Is Eurozone sustainable for the UK to join’. By taking a detailed look at the reasons because of which UK did not join and the reasons due to which the other countries joined, this study would try to analyze the perspective of the UK with regards to Eurozone. A Brief History of Eurozone For many decades, European leaders and diplomats have discussed and debated the concept of a monetary integration of European countries. The arguments were multiple, while some thought that the common currency could prove to be an alternative to the US dollar, some other felt that a single currency would provide many different advantages (Zimmerman, 1995). For some leaders, it meant political symbolism and for some others, it meant the rise a new and improved economic model (Vujic, 2004). After a long era of discussions and debates, the Eurozone came into existence in1999 and the Euro became the legal currency for the member nations (Kleimeier and Sander, 2002). The adoption of a single currency would mean that all the member countries would have a single monetary policy, and would not continue to have separate policies. To regulate this, the European Central Bank came into existence which lays down the Europe wide monetary policies and handles decisions related to interest rates, exchange rates and so on. (Salvatore, 2002). Therefore, if any particular country wants to introduce a separate economy policy, it has to rely on the policies of the European Central Bank as it has become the sole authority of Eurozone. Having a single currency has both advantages and disadvantages and the existence of the Eurozone over the ten years has proved this. The Euro has seen success during the period of 2003-2005, where as it suffered from the loss of its stand during the economic recession that happened during 2008-2009. In recent times, there have been some apprehensions about the stability of the Euro, in the light of the results of the recession where some members of the Eurozone saw major economic crises. Why did the UK Not Join Eurozone? The United Kingdom is one of the most prominent nations of the European Union. Yet, it took a stance on not joining Eurozone. The currency of the United Kingdom continues to be pound sterling and the possibilities of its joining Eurozone look bleak in the near future (Layard, 2002). The Maastricht Treaty (The treaty on European Union) saw the negotiation of an ‘opt-out’ from the common currency (Leblond, 2004). The government that came into power post the 2010 election in the United Kingdom also decided that it would not join the Euro as long as it was in governance. In addition, the UK also has carried out many public opinion polls to take a stance on the whether it should join the Eurozone and the polls in 2005, 2008 and 2009 also demonstrated the opposition to joining the UK. The past three governments of the United Kingdom also took strong stand on not joining the Eurozone. Pr ime Minister Tony Blair set forth ‘five economic tests’ (tests that would help in determining criteria such as the currency

Direct-sequence spread spectrum

Direct-sequence spread spectrum Direct-sequence spread spectrum Direct-sequence spread spectrum (DSSS) is a modulation technique used in telecommunications. In this modulation technique, as with other spread spectrum technologies, more bandwidth is occupied by the transmitted signal than the information signal that is being modulated. In Spread spectrum modulation technique the carrier signals occur over the full bandwidth (spectrum) of a devices transmitting frequency and that is where the name Spread Features of Direct-sequence spread spectrum Ø In DSSS a sine wave is pseudo randomly phase-modulated with a continuous string of pseudo noise (PN) code symbols called chips. Each of these chips has a much shorter duration than an information bit. In effect information signal is modulated by chips sequence which is much faster. Therefore, the chip rate is much higher than information signal bit rate. Ø In DSSS the chip sequences produced by the transmitter to modulate the signal is known at receiver end and receiver uses the same chip sequences to demodulate. As same sequence chips are used at transmitter and receiver, both have to be in sync with respect to chip sequence. Transmission method of Direct-sequence spread spectrum In Direct-sequence spread-spectrum transmissions the data being transmitted is multiplied by a noise signal. The noise signal used is a pseudorandom sequence of 1 and −1 values. Also the frequency of noise signal is much higher than that of the information signal. In effect we can say that the energy of original data is spread to a much higher bandwidth than the bandwidth of information signal. We can say that the resulting signal will look like white noise, like an audio recording of static. But this noise signal will be used to reconstruct the original data at the receiver end where it will be multiplied with pseudorandom sequence of 1 and −1 values which is exactly the same sequence which was used to modulate the data signal. As 1 Ãâ€" 1 = 1, and −1 Ãâ€" −1 = 1 so multiplying two times the data signal with pseudo random sequence will restore the original signal. The process of multiplying the signal at receiving end with same chip sequence used at transmitter end is known as de-spreading. In De-spreading a mathematical correlation of the transmitted PN sequence with the PN sequence at receiver is constituted. As it would have been clear by now that to reconstruct data at receiver end, transmit and receive sequences must be synchronized. It is done via some timing search process. This requirement of synchronization of transmitter and receiver can be considered as drawback. But this drawback gives a significant benefit also. If we synchronize sequences of various transmitters, the relative synchronization which we will do for receiver can be used to determine relative timing. This relative timing can be used to determine receivers position if transmitters position is known. This is used in many satellite navigation systems. Process gain is effect of enhancing signal to noise ratio on the channel. The process gain can be increased by using a longer PN sequence and more chips per bit. But there is a constraint here that physical devices which are used to generate the PN sequence have practical limits on attainable processing gain. If a transmitter transmits a signal with a PN sequence the de-spreading process give a process gain if we demodulate it with same PN sequence. It does not provide any process gain for the signals transmitted by other transmitters on the same channel but with a different PN sequence or no sequence. This is the basis of for the code division multiple access (CDMA) property of Direct-sequence spread spectrum. This property allows multiple transmitters to share the same channel. But this is limited by cross-correlation properties of PN sequences. We can consider the transmitted signal will be roughly a bell shaped enveloped centered on the carrier frequency (same as in AM transmission) but the noise which we add causes the distribution to be wider. As this description suggests, a plot of the transmitted waveform has a roughly bell-shaped envelope centered on the carrier frequency, just like a normal AM transmission, except that the added noise causes the distribution to be much wider than that of an AM transmission. If we compare frequency-hopping spread spectrum with Direct-sequence spread spectrum then we will find that frequency-hopping spread spectrum pseudo-randomly re-tunes the carrier, instead of adding pseudo-random noise to the data. This retuning of carrier results in a uniform frequency distribution whose width will be determined by the output range of the pseudo-random number generator. Benefits of Direct-sequence spread spectrum Jamming resistance for intended or unintended jamming. A single channel is shared among multiple users. Interception is hampered due to reduced signal/background-noise level. Relative timing between transmitter and receiver is determined. Uses of Direct-sequence spread spectrum Used by European Galileo satellite navigation systems and The United States GPS systems DS-CDMA (Direct-Sequence Code Division Multiple Access) is a multiple access scheme based on Direct-sequence spread spectrum, by spreading the signals from/to different users with different codes. It is the most widely used type of CDMA. Used in Cordless phones operating in the 900 MHz, 2.4 GHz and 5.8 GHz bands Used in IEEE 802.11b 2.4 GHz Wi-Fi, and its predecessor 802.11-1999. (Their successor 802.11g uses OFDM instead) Used in Automatic meter reading Used in IEEE 802.15.4 (PHY and MAC layer for ZigBee)

Michael Kordas defining Success :: essays research papers

Michael Korda's "Defining Success" From reading " Defining Success " by Michael Korda, I agree and also disagree with Michael on his way of defining success. The first indicator of success comes when one is making more than one is spending. There are few things that he has left out on how to becoming a success. The things are if you are from a rich family, how well you are educated and who you know. Of course, if you aim at a dream that is so far beyond your reach then you would bound to fail. I agree with this but it also depends on a person. If that person has a low income then their dreams should not be so far of their reach. But, if that person's dream is so far then sometimes it could inspire them to go for it. If they only have a small dream then it could lead to laziness and they wouldn't want to stress out because of a small outcome on success. Another thing is that if that person is from a rich family then their dreams is most likely beyond their reach. This is because they have capitol and capitol can almost buy dreams. Why have a small dream. Education also plays an important role in success. Not unless they got lucky on becoming a movie star or on a cover of a magazine because they were noticed or spotted by some important person. Without education then you wouldn't have any ideas where to start on how to become successful. Also, you wouldn't have any confidence because you would be afraid and wouldn't know how to face obstacles that might be in the way of your dream. Education would at least give you ideas on where to start and how to prosper. Education makes you a more excellent person. It helps you to socialize better with other people. It takes more than just a common sense. Last thing is that the person you know could make you become successful. It's like connection. If you know an important person such as a movie director, actor, actress or even managers, this person could help in a big way. An important person will know another important person if they can't help. If you become successful by these people then you got the easy way out. It is actually the best way because you got the most support. No matter how big your dream is you can still reach it even though it is Michael Kordas "defining Success" :: essays research papers Michael Korda's "Defining Success" From reading " Defining Success " by Michael Korda, I agree and also disagree with Michael on his way of defining success. The first indicator of success comes when one is making more than one is spending. There are few things that he has left out on how to becoming a success. The things are if you are from a rich family, how well you are educated and who you know. Of course, if you aim at a dream that is so far beyond your reach then you would bound to fail. I agree with this but it also depends on a person. If that person has a low income then their dreams should not be so far of their reach. But, if that person's dream is so far then sometimes it could inspire them to go for it. If they only have a small dream then it could lead to laziness and they wouldn't want to stress out because of a small outcome on success. Another thing is that if that person is from a rich family then their dreams is most likely beyond their reach. This is because they have capitol and capitol can almost buy dreams. Why have a small dream. Education also plays an important role in success. Not unless they got lucky on becoming a movie star or on a cover of a magazine because they were noticed or spotted by some important person. Without education then you wouldn't have any ideas where to start on how to become successful. Also, you wouldn't have any confidence because you would be afraid and wouldn't know how to face obstacles that might be in the way of your dream. Education would at least give you ideas on where to start and how to prosper. Education makes you a more excellent person. It helps you to socialize better with other people. It takes more than just a common sense. Last thing is that the person you know could make you become successful. It's like connection. If you know an important person such as a movie director, actor, actress or even managers, this person could help in a big way. An important person will know another important person if they can't help. If you become successful by these people then you got the easy way out. It is actually the best way because you got the most support. No matter how big your dream is you can still reach it even though it is

A Critical Analysis of Par Fabian Lagerkvist’s “My Father and I” Essay

The short story, â€Å"My Father and I† mainly revolves around the journey of a father and son into the countryside on a fine sunny day. The journey that they went on to took until darkness set in and the view that they saw during daylight shifted from beautiful sceneries to a horrible, at least in the eyes of a child, dark collage of figures. The story showed how beauty can turn into fear once one element went out, in this case, the light. It also shows the difference in the way of thinking between the father and the child wherein the child was so terrified while the father was as calm as he is.   This is evident in the part wherein both of them were passing through the stream where the child was as puzzled as to why his father acted as if he felt nothing while the child was very much afraid. The child went on to realize in the end of the short story that, like he has, his father also has fears: only that the fear that it is the fear of the things that his father does not know. The author made his point by taking the point of view of a little child who is naturally curious of the things that go around him. In the short story, the son is the one that narrates the whole story and it is his thoughts that the audience sees. This made him as the main focal point that the author used. This way, the curiosity that is evident in every child is played upon by the author to effectively deliver a point of realization wherein the boy itself answered much of his questions. The father on the other hand is the one the author used to depict the natural concern that every parent has with their children. The actions of the father show him being protective and a motivator when his son was getting terrified of the darkness. The father also plays a major part in the climax wherein he himself felt fear for his child after a train came in and almost hit them. The faith that he has in God somehow is the factor that also made the child calm yet puzzled. Lagerkvist efficiently made use of descriptive ways in painting out the scenes in the short story. The narration of every detail was intricately laid out in order to obtain the proper intention in every part of the short story. His descriptions were so vivid that the reader may feel as though he was actually walking alongside the father and son on the railroad tracks all throughout the story.   Ã‚  Ã‚  Ã‚  Ã‚  Ã‚  Ã‚  Ã‚  Ã‚  Ã‚  Ã‚   The structure and the plot of the short story are pretty much divided into two specific and distinctive scenarios. First is the image of the railroad track and the environment around it. The author describes every detail that is necessary in order to picture out the place and how the place is lit up by and also the manner it reacts to the sunlight. It basically describes for the reader to appreciate the beauty of the countryside and the harmony of the world they both are in evident with the first train scene wherein his father knows that the train who’d passed by was a colleague of his. All this was changed after darkness set in at the countryside and the father and son went their way back home wherein the second main scene sets in. In this particular scene, all the main components that were described by the author during the first main scene met its opposite as the amount of light that was present before went gone and the effect made a gloomy picture that is terrifying for the child. The mood in this story then on went from calm during the first scene to become tense at the second scene especially in the part wherein an unknown train from absolutely nowhere popped out of the scene and even terrified the father.   Ã‚  Ã‚  Ã‚  Ã‚  Ã‚  Ã‚  Ã‚  Ã‚  Ã‚  Ã‚   In general, the short story is an effective manifestation of the unconditional concern of parents for their children. The bond that was formed out of the situations in the short story made the child to realize the purpose of everything that happens around them and that the greatest fear that anyone has is the fear on things we do not know. Reference: Lagerkvist, Par. The Marriage Feast and Many Others. Chatto and Windus. 1955.

Managerial Accounting In Business Essay

Managerial Accounting is known as the tongue of business. Formalization of data and numbers in such a manner so as to help to arrive at decision making and financial planning is the main object of accounting process. While book keeping is mainly concerned with organizing and keeping records, i.e. books of accounts but managerial accounting are employed to examine the data of information for taking major business decisions. Managerial reports are prepared from Managerial accounting statements. Managerial accounting assists managers to plan and manage an organization’s operations. Budgets are prepared to convey management’s goals in financial terms by measuring, identifying, analyzing, accumulating, communicating and interpreting accounting and financial information. Over a period, performance reports are prepared to evaluate the actual results with that of budgeted one. With the help of cost accountants, the management keeps watch of how much it costs a company to manufacture a product or to provide the service. (Horngreen, Stratton & Sundem, p.5) Managerial accounting does not require complying with rules and procedures of the GAPP. An organisation can develop its own internal accounting system that will suit most to the needs of the company. Managerial report is a devise for using a financial metric (dollars) as a normalizing mechanism for taking decision about different choices and alternatives. For instance, a managerial report helps you to come to a conclusion whether it is better to add 1000 customer account advocates in a call centre in UK, against staffing a user experience and technical writing department in California and investing in billions in intuitive products, Managerial reporting helps to take decisions and to do right thing. The practice of financial analysis   germinate from the budgeting and accounting reports of an organisation and thus directs to generation of managerial reports that explain into the firm’s overall strategic decision making process. Hence the quality of the report at all level is more significant. The financial statement should reflect the true fiscal position of the organisation and it should not be an obscure. Financial and managerial reports should disclose a factual picture of the organization’s performance, making it to the outsiders and financial analyst to interpret financial results on their own. MAKING MANAGEMENT DECISIONS THROUGH APPLICATION OF FINANCIAL DECISIONS: In this chapter, let us view how financial analysis and reporting are processed and is being used as efficient financial tools. For all decisions made in an organisation must be based on prudent financial information and careful analysis. Can we open a new branch? How many hours per week can we afford to operate our factory? How productive is our employees? How much money is being lost on workers idle time? How cost effective was the training intercession? Can we prolong our services at current costs?   To answer to all the above questions, a manager needs financial and managerial input mainly accounting data’s. (Wertheim Paul, 1993) A prudent financial analysis may help to diagnose the deficiencies in other management areas like project or program management, human resource management, the availability and use of technology or the organization’s leadership. As a curative measure, a manager may have to review his organization’s management strategies, resources, structures, internal and external information needs and capabilities. This broad view may help to enlighten manager’s perspective on how financial management contributes to one’s organisation. Thus this will induce the manager to suitably design or change the chart of accounts, reports, improve financial reforms and databases and train staff to efficiently employ financial information on continuous basis. 2.1. Deciding on Labour and Staffing patterns: Employee cost will disclose the hours worked, cost of staff time and this will help the manager to analyse the labor, compensation issues and staffing matters. One can evaluate from good financial data to study how overtime pay and leave pay accrual are influencing labor costs or employee cost of the organisation. This financial analysis can reveal which actions are most labour oriented which may guide you to restructure management processes and control the level of effort of employees of an organisation. (Hake, E. R., 2005). 2.2 Fixing fees for services and other fees: Cost to provide a particular service can be derived from financial data’s of an organisation as this will help the management to take critical decisions like estimating prices for any products or services , developing budgets , bidding for new projects or business or planning in reduction of costs. If the cost per service of an organisation is arrived at, then it will be easy to take into other factors such so as to come to a decision how to offset these costs. 2.3 Determing the combination of services: Cost per unit of production, cost per unit sold of different services and their cost effectiveness can be derived from financial data of an organisation and this can be utilized to decide to which services to provide, emphasize, promote or subdize. Further information’s like clientele, catchments’ population, service utilization and service volume are also needed for this purpose. By monitoring the services which are rarely used or often lose money, a manager can conclude how best to apply appropriate changes. 2.4 Estimating future supply costs and inventory: From the financial data of an organisation we can infer the price fluctuations, consumption patterns, the costs of keeping supplies in stock which includes transportation, logistics, personnel and facilities management. A manager can use this information for taking decisions such as which supplier to select, which supplier has to be renegotiated, to purchase inventory on a seasonal basis so as to reap the benefit of price advantage through out the year. A manager has also to decide whether the costs of spoiled and expired stock need to be controlled or contained. 2.5 Analysis of Variance: A variance analysis is an exhaustive assessment of disparity between actual and planned results. The main three part of variance analysis are assessment of the actual cost with that of budgeted cost (expenses), assessment of the intended quantity of an activity or procurement with the actual quantity and valuation of the actual output with the planned output. (Kohl beck, M., 2005). 2.6 Budget: It can be explained as a detailed financial plan revealing expected future income and expenses. As an effective controlling tool, it helps to scrutinize current operating environments of an organisation. Immediate corrective action can be resorted by analyzing  Ã‚  Ã‚  Ã‚   and on reviewing and reacting variances between expected and actual expenses once variance is reported. 2.7 CASH FLOW STATEMENT: It signifies how cash was engendered and how it was used up for the business purpose. It discloses the incoming   and outgoing of cash in an organisation and it reports various types like cash flow from financial activities, cash flow from operating activities and cash flow from investing activities. It is being deployed by financial managers to assess whether there will be sufficient cash on hand to meet expenditure requirements. RISK MANAGEMENT: A prudent manager can manage the risky conditions by constant examining of financial status of his organisation. Certain happenings may bring potential impairment to the organisation. For instance, a sudden increase in repair costs and sharp decline in sales revenue may leave the organisation without enough funds to provide services and fulfill objectives. A manager must review likely risk and to shun or control perilous situations like failure to meet quality, performance, budget objectives. Financial data’s are the immense source in risk management process which will help to quantify the risks by resources type like inventory, employees, cash, facility or receivables. Finance managers normally apply two techniques for handling risk mitigation and contingency planning. Risk alleviation guarantee strategies and procedures to control, prevent, or reduction of impact of the risk event if it transpires. For instance, if there is risk of fall in sales revenues, a mitigation technique would be to add more products or diversification of business so that the decline in sales of a particular product may not be detrimental. Like wise, a contingency plan would be to add up a reserve fund that could be used to supplement the fall in sales revenue due to competitors strategy or depression. (Kristy James E., 1994) PRUDENT MANAGEMENT DECISIONS FROM FINANCIAL DATAS: One of the critical financial management aspects is to build good financial decisions. Since financial management influences all parts of management, it is better to recognize and realize the sound financial management and discover how to use sound financial information. One of the best ways to compare the financial performance is to look into the competitor’s performance. For instance, a hospital may look into the hospital wide financial reporting which helps to understand how they have performed and to analyse the reasons for poor performance if any. Comparing the gross and net margin with the other hospitals will help to fix the loophole. Further comparison of actual with that of budgets will also assist to know whether revenue and expenses are with in the budgeted range and if there is a variance, the reasons for the same. A hospital may keep a strict eye on its margins and various means to measure the level of profitability by having close watch on emergency department visits, inpatients admissions, surgeries, revenues from scan and x-rays and blood testing etc. This information will help a hospital to manage its cost either on monthly or periodical basis. Admission rates, costs and gross revenues may act as best performance indicators. For example, if the number of outpatient department visits at a particular facility is trailing back, then CEO will talk to physician to know the reasons. Thus managerial report helps to take a decision for the discontinuance of a poorly performing product line.[1] CASH FLOW RATIOS CAN BE EMPLOYED TO FIND REASONS FOR BUSINESS FAILURES: Cash flow information can be utilized to find out the success or failure of the business in advance as it has been evident from the previous empirical studies like Gentry, 1984, Bernard and Stober, 1989, Carslaw and Mills ,1991 , BarNiv 1990. Most of these studies have found that the level of cash inflows and outflows from various activities are highly interconnected and a failure of any part of the system to function may jeopardize or cause the entire firm to fail. (Glover, J. C., 2005) The key ratios are [2] Current ratio:  Ã‚  Ã‚  Ã‚  Ã‚  Ã‚  Ã‚  Ã‚  Ã‚  Ã‚  Ã‚  Ã‚  Ã‚  Ã‚  Ã‚  Ã‚  Ã‚  Ã‚  Ã‚  Ã‚  Ã‚  Ã‚  Ã‚  Ã‚   2 to 1, Quick ratio  Ã‚  Ã‚  Ã‚  Ã‚  Ã‚  Ã‚  Ã‚  Ã‚  Ã‚  Ã‚  Ã‚  Ã‚  Ã‚  Ã‚  Ã‚  Ã‚  Ã‚  Ã‚  Ã‚  Ã‚  Ã‚  Ã‚  Ã‚  Ã‚  Ã‚  Ã‚  Ã‚   1 to 1 Liquidity ratio  Ã‚  Ã‚  Ã‚  Ã‚  Ã‚  Ã‚  Ã‚  Ã‚  Ã‚  Ã‚  Ã‚  Ã‚  Ã‚  Ã‚  Ã‚  Ã‚  Ã‚  Ã‚  Ã‚  Ã‚  Ã‚  Ã‚  Ã‚   0.40 to 1 Equity / debt ratio  Ã‚  Ã‚  Ã‚  Ã‚  Ã‚  Ã‚  Ã‚  Ã‚  Ã‚  Ã‚  Ã‚  Ã‚  Ã‚  Ã‚  Ã‚     1.65 to 1 Return on Equity  Ã‚  Ã‚  Ã‚  Ã‚  Ã‚  Ã‚  Ã‚  Ã‚  Ã‚  Ã‚  Ã‚  Ã‚  Ã‚  Ã‚  Ã‚  Ã‚  Ã‚  Ã‚   14% If you apply the above ratio and can find out the 80% of the financial health of any company. For instance, if unusual increase in accounts receivable may lead to conclusion that accounts receivable are being managed very badly and may result in high bad debts. But if you have at closer look, you may find out that the company may have introduced a new product or a new market where such receivables are considered to be rational and the new product may elevate the company to soaring heights later or vice-versa. Financial Ratio’s can foretell warning signs: Companies in distress offer difficult analytical problems for analyst. Financial problems like problem in meeting obligations like equity deficiencies, liquidity problems, funds shortage and debt default. Operation problems may result in prospective revenues may be doubtful, ability to operate in danger, consistent failure in operational success, inefficient management, poor control over business operations. Special indicators like incurring operating losses , initiation of liquidity process , a waning allocation of product market , delaying payments to short term creditors , skipping of dividends , bond default and rating changes , bank account excessively overdrawn , insufficiency of cash flows . (Barker, R., 2004). The major disadvantages of the financial ratios include the timeliness of the financial statements, location within the trade cycle, the lack of consideration of the business sector and the overlook of accounting policies. The financial ratios are the best indicators for further examination and not to be construed as a means themselves. CONCLUSION: Thus, management reports are very key elements of the business world. Most of the companies have some form of each type of accounting knitted into their business operations. By adopting appropriate standards for each, the company will be able to successfully keep track of their financial standing for internal as well as external objectives. Banks and financial institutions which have vested interest in borrowing firms should ascertain that the borrowers have to adopt policies regarding requiring customer to prepare the financial reports as per the guidance of Generally accepted accounting principles ,auditor rotation , necessary information on off balance sheet items . Financial analyst should view corporate financial statements and pay special attention to accountant’s opinion letter, management discussion, and the notes to the statements and analysis on public companies and also consider the implications of management’s decisions relative to accounting policies. A financial analyst should also review the company’s latest form 8-k, which is filed with SEC which records the occurrence of any material events or corporate changes of importance to investors or lenders like any disagreement the firm has had with the auditors, any of late changes in the constituent of audit firm.( Saatci, E,2004) By diligent financial analysis, one can identify the accounting irregularities from the financial and managerial reports of an organisation and thus avoid doing business with the management of questionable integrity. Likewise, benchmarking surveys and best practices reviews are beneficial tools for detection of problems, finding out ways to improve and signaling positive changes. Though benchmarking and best practices are modern tools for business improvement but they will not cure everything that is ailing a company. Benchmarking and best practices initiatives are most triumphant when they are advanced with an open mind and the belief that they symbolize an education process. Cash flow information can be utilized to find out the success or failure of the business in advance as it has been evident from the previous empirical studies like Gentry, 1984, Bernard and Stober, 1989, Carslaw and Mills ,1991 , BarNiv 1990 Operation problems may result in prospective revenues may be doubtful, ability to operate in danger, consistent failure in operational success, inefficient management, poor control over business operations. Special indicators like incurring operating losses , initiation of liquidity process , a waning allocation of product market , delaying payments to short term creditors , skipping of dividends , bond default and rating changes , Bank account excessively overdrawn , insufficiency of cash flows . Thus this study proves that the company’s managerial report and internal report are excellent tools for the measurement of efficacy and financial achievement and also a diagnostic tool to detect the perils in advance to undertake correctional measures. A company may overcome its negative factors by undertaking timely correctional methods through its managerial and financial ratios or else it has to remain as an old dog which never learns new tricks.       BIBILIOGRAPHY:    Horngreen C.T, Straton, W.O & Sundem, G.L, Introduction to Management accounting (12th ed,), Prentice Hall, New Jersey. Montgomery, H., Lipshitz, R., & Brehmer, B. (Eds.). (2005). How Professionals Make Decisions. Mahwah, NJ: Lawrence Erlbaum Associates Cocheo, S. (2005). The Efficiency Ratio: How Good a Tool? ABA Banking Journal, 97(6), 10+.          [1] ‘Are you keeping an eye on your organization’s financial pulse? Healthcare financial Management, Dec 2005. [2] Kristy James E., ‘Conquering financial ratios: the good, the bad and the who cares? –Business Credit, Feb, 1994.

Book Report Essays

Book Report Essays Book Report Essay Book Report Essay The century between 1890 and 1990 is a year when the maritime power of the USA came to be and became one of the most influential tools in the US policy. George Baer, an author of â€Å"One Hundred Years of Sea Power: The U. S. Navy, 1890-1990† begins the book stating that â€Å"before 1890 few Americans thought that the United States was a maritime nation dependent for its security and its prosperity on control of its sea approaches or that the country needed an offensive battleship fleet†. [p. 1] And indeed, the XX century saw the raise of America as naval superpower. The whole book of Baer is devoted to description of how the Grand Fleet of the USA developed and how Americans moved from disregard of maritime power to becoming an absolute leader at seas. The story begins in the age of armor-plated ships and great colonial empires and ends in the age of aircraft carriers and post-colonialism, after going a long way through war with Cuba, World War I, World War II, wars in Korea and Vietnam, as well as the Cold War. He includes a description of naval doctrines proposed in different times and for different purposes, as well as analysis of outside factors, which influenced the development of American navy. The basic idea of the book is to explain why the nation needs a navy and how the nation can benefit from having a big navy even if there is no obvious threat at the seas. Baer begins in the period, when Navy has not been of paramount importance for the nation. The interests of the USA in the seas were mostly commercial and the country required only â€Å"the modest navy to serve the modest needs† [p.1]. The US has been satisfied with the policy of the United Kingdom, which took great care of â€Å"keeping seas open† top support their trade routs. So America might have not worried about it’s own commercial routs. By 1889 the United States had only the twelfth navy in the world. The country largely used it’s geographic position, which granted relative security from attack from the sea and needed no navy to protect itself. The attitude towards navy has started to change in the last years of the XIX century, after first attempts of the USA to position itself as a colonial power. The defensive maritime doctrine could no longer satisfy the United States. War with Spain of 1898 was the first military conflict, in which the Unites States of America strived for interests far outside of America homeland with another collapsing colonial superpower. The war has clearly demonstrated, that in order not only to obtain, but to support new territories the country would need a new fighting fleet. By 1890 Captain Alfred Thayer Mahan has developed a concept of offensive sea control by battleship fleet. He believed that the interests of the United States laid in the seas and control over global trading routs. In order to protect colonies and dependent territories and to support sea trade the United States would need a fleet of a new type – an attacking fleet able to gain sea superiority in any point of the globe within short terms. Potentially such navy must have been stronger, than navies of any potential opponents. Even in times of piece the navy would not be a useless burden. From an instrument of war it would turn into an instrument of politics. Mahan relied on battleships as an ultimate weapon of his time. However, the doctrine itself is still applicable in our days, when outdated battleships are replaced by aircraft carriers. The Unites States managed to learn lessons of early XX century wars, including the war between Japan and Russia of 1904-1905 in creating their navy. Before building battleships the nation concentrated on building   shipyard and establishing industry necessary to support a mighty navy, as well as training experts in the naval field This later allowed to   start massive shipbuilding without overloading the economy – a typical mistake made by many countries. The way of the US fleet to the status of the most powerful navy of the world, however, was not always straight. American battleships did not take part in the decisive naval battles of World War I as the British navy, which caused talks about their uselessness. Limitations of military shipbuilding, agreed at the Washington conference in 1922, as well as decline of interest to war needs in times of peace, combined with financial hardships of the Great Depression have put the navy into unfavorable position in the state system. There was no enemy at sea whether current or potential, and the navy seemed to be nothing less, than an expensive toy. Perhaps it is only due to president’s Roosevelt effort, that the navy remained a formidable force by 1941. The war at the Pacific has quickly demonstrated, that battleships do not longer play a major role in naval combat. Loss of the battleship fleet in Pearl Harbor did not prevent America from effective resistance to Japanese aggression and only few aircraft carriers managed to defeat a huge enemy fleet in the battle of Midway. The doctrine has changed accordingly, and top priority has been given to building aircraft carrying ships instead of battleships. World War II has demonstrated outstanding shipbuilding opportunities of the United States. They could build huge amounts of vessels and train huge mount of sailors, to replace losses so that this ability to regeneration was a key factor in the battles of the Pacific war. After the war Mahan’s idea of battleship fleet seemed to be outdated. However, navy officials quickly came to understanding that the old idea could be applied using new technology. The navy avoided transformation into a merely transport and attacking force and retained it’s independent role as an offensive power. Ability to attack coast areas with aviation, including nuclear bombers, as well as ability of maritime corpse to invade and control those areas allowed the navy to play a key role in the wars of Korean and Vietnam, as well as to promote American interests at Granada, Somali, etc. In the times o Cold war the navy had an own nuclear attacking force of nuclear submarines. Those could attack Soviet military bases and industrial centers with ballistic missiles much faster, than the Soviets could respond. Fearful of American Navy the Soviet Union started creating it’s own Grand Fleet in 1960-1980s, but happily the United States navy never had to face it in combat. Soviets did not posses necessary technology and industrial capabilities to create a modern navy and their attempts only speeded up the collapse of their economy. So the mere existence of American navy helped the USA to defeat it’s opponent. By late 1980-s the navy has once again found itself in the situation when there is no enemy to defeat. All other navies of the world taken together would be weaker than American. So Mahan’s principle, that the key objective of the navy is to defeat enemy at sea had to be forgotten once again by 1990. The navy moved to doctrine of expeditionary littoral warfare. In other words, the navy is to become mostly a transport and support tool for marines again. Sea control is already American, so the navy is to guarantee this control and help the US policy. Operations in the Persian Gulf and former Yugoslavia is a new warfare for the navy in which it has no direct enemy, so it is to help those American forces, who have to face the enemy. And this situation will hardly change in the XXI century. Baer is, undoubtedly, a man to write exactly such type of book. Being a historian with Strategy and Policy Department of the Naval College in Newport, Baer is very well familiar with the subject. The book is closely related to author’s institutional affiliation. The book is well written and easy to read. Baer managed to combine accurate investigation and great amount of factual material with perfect style of writing. The book is addressed to a broad audience of readers. Politicians and military theoreticians would benefit learning factors of naval development and analysis of it’s activities and usual readers would get an insight into history of American Navy and learn why the nation needs a navy and how the navy serves the nation.