Standards-Based Decision Making Essay Example | Topics and Well Written Essays - 1000 words

Standards-Based Decision Making - Essay Example ditors are required to state whether an audit client has complied with the Generally Accepted Accounting Principles (G.A.A.P) when preparing financial statements (Williams, 2006). Green and Associates is an external audit firm to ABC Corporation. The audit firm may provide any of the four types of the audit opinions after completing a corporate financial audit on ABC Corporation’s financial statements. Green and Associates may provide an unqualified or ‘clean’ opinion of the company’s financial statements. An unqualified opinion is only provided when an audit firm ascertains that a company’s financial statements reflect a truthful opinion of its financial operations. The opinion also indicates that the company’s financial statements are in compliance with the G.A.A.P. An unqualified opinion is the best audit report that a company can receive from its auditors. In our opinion, ABC Corporation’s financial records provide an honest and fair view of its financial operations during the fiscal year ended 31th August and are in compliance with the Generally Accepted Accounting Principles. An unqualified opinion may warrant an explanatory paragraph if the auditors feel that certain disclosures in the financial statements require a detailed explanation or when there is a change of auditors. It arises when the financial records indicate some minor deviations from G.A.A.P. The explanatory paragraph includes a detailed explanation of the auditor’s opinion. In our opinion, ABC Corporation’s financial statements require modification to expel the minor inconsistencies with the G.A.A.P, despite reflecting a true and fair view of the company’s financial operations. An audit report may provide a qualified or an ‘except for’ opinion after completing a corporate financial audit. Green and Associates may provide a qualified opinion if it believes that ABC corporation’s financial records are not in compliance with the G.A.A.P, despite representing a true

Character analysis of Christian Darling in The Eighty-Yard Run short Essay - 1

Character analysis of Christian Darling in The Eighty-Yard Run short story - Essay Example from them, watching the other backs heading him off toward the sideline, the whole picture, the men closing in on him, the blockers fighting for position, the ground he had to cross, all suddenly clear in his head, for the first time in his life not a meaningless confusion of men, sounds, speed. He smiled a little to himself as he ran, holding the ball lightly in front of him with his two hands, his knees pumping high, his hips twisting in the almost girlish run of a back in a broken field. The first halfback came at him and he fed him his leg, then swung at the last moment, took the shock of the mans shoulders without breaking stride, ran right through him, his cleats biting securely into the turf. There was only the safety man now, coming warily at him, his arms crooked, hands spread. Darling tucked the ball in, spurted at him, driving hard, hurling himself along, all two hundred pounds bunched into controlled attack. He was sure he was going to get past the safety man. Without tho ught, his arms and legs working beautifully together, he headed right for the safety man, stiff-armed him, feeling blood spurt instantaneously from the mans nose onto his hand, seeing his face go awry, head turned, mouth pulled to one side. He pivoted away, keeping the arm locked, dropping the safety man as he ran easily toward the goal line, with the drumming of cleats diminishing behind him. How long ago? It was autumn then, and the ground was getting hard because the nights were cold and leaves from the maples around the stadium blew across the practice fields in gusts of wind, and the girls were beginning to put polo coats over their sweaters when they came to watch practice in the afternoon. . . . Fifteen years. Darling walked slowly over the same ground in the spring twilight, in his neat shoes, a man of thirty-five dressed in a double breasted suit, ten pounds heavier in the fifteen years, but not fat, with the years between 1925 and 1940 showing in his face. The coach was

The Case of Watsons and H&M Consulting Essay Example | Topics and Well Written Essays - 3750 words

The Case of Watsons and H&M Consulting - Essay Example The first and the foremost factor that affects an organisation in its smooth functioning is the structure that exists there. The organizational structure is â€Å"an externally caused phenomenon, an outcome rather than an artefact.† Different types of structures of organisations have been identified to exist. Classically, there are two kinds of structure— Hierarchical Structure and Flat structure. Hierarchical form of structure is referred to that organization where every entity except one, is a subordinate to one entity. Flat Structure is that organisation where there are very few or no levels of intervening management between staff and managers. Furthermore, new forms of structure have since evolved. They are Functional Structure, where employees within the functional divisions of an organization perform a particular set of tasks, leading to operational efficiencies in that group. However, it might result in lack of communication between the functional groups within t he firm, making it slow and inflexible. The other one is Product Structure where all the organizational functions are brought together into a division which contains all the required resources and functions. However, Matrix Structure groups employees by both function and product. It is evident from the case of ‘Watsons’ that their structure is strictly hierarchical with very low flexibility. The Managing Director Gordon Watson takes little interest of the activities on shop floor, and is set to be followed by current Operations Director John Smith, a long-standing friend of Gordon’s. Under this structure hardly any coordination exists between different functions of business. New and innovative ideas from Ahmed Khan, the production manager, are difficult to implement because of immobility of staff on the shop floor between different machines. Also, some of the staff is under-worked while the others are overburdened. Ahmed Khan’s proposed changes in favour o f new computerised production process and shop-floor activities to be organised into multi-skilled, self-managed teams are also lost in disrupted channels of communication. The Marketing Department that handle customer liaison hardly communicates with anyone

Bussiness to business marketing and supply chain management Assignment

Bussiness to business marketing and supply chain management - Assignment Example B2B marketers usually lay emphasis on four broad categories: Companies that make use of their products, for example the constructions firms who purchase steel sheets to make use of it in buildings; institutions such as schools and hospitals; government agencies, the largest consumer of the business-to-business marketing; and companies that resell goods to the consumers, such as wholesalers and brokers (Marketing-schools, 2012). The management of supply chain is referred to the strategic and systematic harmonization of traditional functions of business and the strategies across these functions within the exact organization and across industries within supply chain, especially for enhancing the long-standing performance of individual organizations (Bechtel and Jayaram, 1997). It includes entire activities, which should take place towards getting the correct product in the hands of right consumer in the correct amount as well as at the exact time. Management of supply chain lays emphasi s on the planning and estimating, product assembly, distribution, purchasing, storage, moving, customer service, and sales (Berry, Whybark and Jacobs, 2005). The professionals of supply chain management are engaged in each facet of business methods because they struggle to attain a sustainable advantage by constructing and offering goods or products faster, better, and cheaper (Tamu, 2015). The report will focus on the business-to-business marketing theory and the application of supply chain management in the Cisco case. The issues which are to be addressed are how companies make use of the business-to-business marketing theory along with the application of supply chain management to augment their sales. Social media turns out to be a company-to-customer instrument, with tactics and strategies celebrated across social channels and blog alike. The business-to-business purchase and marketing funnels are one of the high stake

Federalist and anti Federalist debates Essay Example | Topics and Well Written Essays - 250 words

Federalist and anti Federalist debates - Essay Example The American Federalist proposed the Articles of Confederation, later altered and ratified on June 21, 1788 into the Constitution of the United States of America, as America’s first constitution (Rose, 2010). The Federalist Party, founded by Alexander Hamilton, became the first major political party founded in resistance to the Anti-Federalists who fought for the small national government without national debt (Rose, 2010). The debate for Federalism is whether to choose a large state that controls smaller states which allows homogeneity through separation of powers or a small state that has each power without being controlled and overruled by a central or large state (Follesdal, 2010). I believe that we are still facing some of the challenges today especially determining composition, distribution of powers and power sharing. Until this day, I think there are still challenges to boundaries of the units of each member, allocation of powers to executive, legislative and judiciary, and especially the influence each state can contribute in the central government. A famous and insightful Anti-Federalist named Robert Yates, delegate to Constitutional Convention and a New York judge, withdrew in the Convention saying that it was exceeding its powers and instructions and the Supreme Court would soon become a source of over-reaching and unlimited federal powers (Galles,

History and Theory of New Media Research Paper Example | Topics and Well Written Essays - 1250 words

History and Theory of New Media - Research Paper Example Modern art during the turn of the twentieth century was hence unanimously described by theorists and researchers as an art at the brink of an explosive breakthrough, which challenged and at times threatened the conventional artistic establishments, due to its innovative application (Schwarz qtd. in Picht and Stockmann 11). However the introduction of digital technology in media art has resulted in a serious crisis in the field. According to Cook and Graham (79-80) media art is going through a phase of major transformation and is constantly at loggerheads with conventional art. However since the institutions which support the conventional art continue to exist, artists in contemporary world are afforded an opportunity to pursue their choice of art thus giving an impetus to use of internet and technology in media art. Cybernetics: Meaning, origin and definition: The term ‘cybernetics’ was first put forward by a French mathematician and physicist Andre Marie Ampere and was used in reference to political science (Ascott 176 ). According to Roy Ascott's theory of cybernetic art the artists must recognize art as a scientific discipline of cybernetics whereby control and communication between the animal and the machine is studied. Technology helps in creating a new form of art which is inspired by cybernetics and is concerned with controlling and regulating behavior in the environment as well as of organizational structures (Aylett et al. 178). According to Ascott cybernetic art represents "a change in the artistic focus from product to process and from structure to systems, which will turn the observer into a participant" (qtd. in Aylett et al. 179) According to Wiener the theory of cybernetics refers to the representation of a complicated set of ideas and notions (such as the conveying of a message), and is related to the use of systems theory as well as control theory (Wardrip-Fruin and Montfort 228). Cybernetics in new media art: Theoretical perspecti ves According to Apter (qtd. in Malina 18) "Underlying cybernetics is the idea that all control and communication systems, be they animal or machine, biological or technological, can be described and understood using the same language and concepts". Along with the development of the theory of cybernetics the field of information technology is also closely related to the manner in which communication systems function and is associated with the type of information which can be encoded, transmitted and decoded. These theories are widely applied in the communication media such as radio or television whereby the signals are transmitted via computers and other similar data-processing devices. The information theory offers various models which in turn can be used to describe and decipher the manner in which messages are transmitted through feedback loops (Weiner, 348). The various theories developed recently particularly the information theory are influenced by the theory of cybernetics wh ereby the concept of processing information as an inherent element, as a means of understanding and explaining artistic process is applied. Various theories such as the theory of aesthetics, the theory of cyb

Aspects of Contract and Negligence for Business Essay

Aspects of Contract and Negligence for Business - Essay Example Under the contract law, the parties to the agreement are directly responsible for their performance or failure to discharge their duties as stipulated in the contract (Engel & Mccann 2009, P.146). Therefore, under contract law, individuals are responsible for failing to accomplish their promises to the other party while in tort liability arises due to commitment of civil wrong or breach of other peoples civil rights. Negligence Liability Under the law of contract, parties to the contract are considered careless where they partially, wrongly or totally fail to discharge their obligations according to the conditions of their agreement (Macqueen & Zimmermann 2006, p.145). For example, if a transporter was hired to ferry some goods belonging to another individual and fails to deliver the goods, then that transporter is liable for not . However, under the law of tort, a person is careless if he or acts wrongly or fails to act where they were required to do so hence causing another person harm. For example, in Vaughan – v – (Menlove 1937) 3 Bing N.C. 468 the defendant was given a warning that the stack he had kept would catch fire, but he said he could manage them (Macqueen & Zimmermann 2006, p.171). ... A business may be vicariously liable for tort committed by their workers to other people during the normal processes of discharging their official duties. For example in the case of Cassidy – v – Minister of Health 919512 K.B.343 where a patient was operated his left arm by the employees of the hospital, but out of the carelessness of the employees, the patient hand sustained permanent damages hence rendering it ineffective (Bergelson 2009, P. 58). The patient sued the hospital, and the hospital was held responsible for their workers’ carelessness. However, in order for the employer to be responsible for their employee’s tort, the employees should have acted under their usual way of discharging their duties and must be under full control of their employers who also pays their salaries. Scenario Tort refers to commission of wrongful act to other people or failure to do right to other people when one has a responsibility to do it, hence causing injury to oth ers whom he owned duty to serve responsibly (Engel & Mccann 2009, P. 149). For a plaintiff to succeed in a legal suit against defendant for tort, he or she has to prove that the defendant was in charge of protecting the act or omission from happening. The plaintiff is also liable to prove to the court that the defendant actually defied his or her responsibility to protect the plaintiff. However, it is not enough that the defendant acted irresponsibly or failed to act as required b the law, but the plaintiff should confirm that it was through defendants conduct they sustained injuries. At times, the conducts of the defendants my cause injury to the plaintiff without defendant