Asset Valuation Paper :: Business Accounting

Asset Valuation Accounting for Managerial Decision-Making Introduction To start a new business and remain in business profitably, many critical decisions must be made when the foundation of a new business is formed. These decisions affect the company in the long run and often make or break an organization. Methods of inventory control and capitalization policies are among these critical decisions that will affect any business bottom line. Our team has investigated these policies and will present our recommendation for the method of inventory and capitalization policy for the XYZ Mattress Store in the remainder of this paper. Inventory Policy Selecting the valuation method for reporting and valuing is based on key issues relating to the relevance and reliability of the method of accounting for that item. According to finetuning.com (2005) "how you identify items in inventory and determine which have been sold will depend on the nature of the products, the volume of the products, how they are tracked, and inventory rotation." Key factors to consider under the inventory policy are: location of storage facilities, temperature, security, rotation of stock, cost, training, periodic inventories, and control. caycon.com (2005) wrote: "Valuing a startup is intrinsically different from valuing established companies. Because of the high level of risk and often little or no revenues, traditional quantitative valuation methods like (P/E) per-share earnings comparables or discounting free cash flows are of little use. Startup valuations are largely determined based on qualitative attributes." To select an inventory valuation method, the options are FIFO, LIFO and Weighted Average. The valuation method for (FIFO) First-in, first out: Answers.com (2005) defines this as a "common method for recording the value of inventory. It is appropriate where there are many different batches of similar products." This method describes the first item coming in will be the first item going out of the inventory. Retailinventories.com (2005) wrote "cost flow assumption assumes that the oldest inventory is sold first. The ending balance of inventory is valued at the most recent purchase price. FIFO produces a more relevant balance sheet since the ending balance in inventory reflects its current value." An example of this would be: Ending balance in inventory would be 30 units of the most recent purchases. 30 x 300=9,000 E/B = 9,000.

Globalization and Industrialized Countries Essay

As globalization ‘can be seen as being a condition resulting from a long history of international exploration, invasion and colonization, fuelled by economic, military, religious and political interests, and enabled through enormous developments in transport and communications technologies’ (Evans 1997:12). The industrialized environment has transformed drastically since the advent of globalization. Industrialized countries have undertaken extreme restructuring by modifying their means of communication and synchronization of work activities. Globalization has made it promise for companies to work on a real-time basis, whereby products and services are conveyed to the right place at the right time. Since then, globalization and information technology has propagated and has undergone significant improvements. Costs have sustained to decline as these new technologies have emerged. A business not supported by a network of computer systems (primary information technology) is more or less destined to fail, since it will be incapable to compete efficiently in today’s complex and dynamic environment (Aiki S. 1991). Companies are not the only ones who have gained from advances in modern information technology. Consumers and interest groups have created strategic alliances and now capable to coordinate their activities as well as exchange ideas and thoughts through a number of database and network systems (Collins J. C. , and J. I. Porras. 1991). For instance, owners of personal computers can subscribe to a computer network and without difficulty retrieve information on the products and corporations on line. Such information can also without problems be transmitted to other users. This huge use of technology by both consumers and companies affects, but the way business is run today. These consumer strategic alliances know no geographical limitations; oftentimes, they are global in nature, particularly among the industrialized nations. As companies can get in enormous profits from the better coordination, greater product elasticity, improved quality, leaner production, and more time-based competitiveness that information technology offers, they also facades the threat that can come from these consumers’ strategic alliances. For instance, corporations can no longer ignore consumer demands for constant product quality, reliability and respect for the environment, or timely delivery of services. As we move toward more and more advanced technologies, the labor force must be retrained. This training must not only expose workers to the technical matters adjoining the new process but also to the new focus of the organization. They have to be made responsive of the importance of advanced technology in improving work methods and in remaining competitive. Employee compulsion to the new process is imperative. Globalization by itself adds little or no value to an organization. There should be organizational as well as employee dedication to exploit the technology to the maximum (Scott, A. 1996). For instance, with ever-increasing use of computer-integrated manufacturing systems, and the stream of technical documentation that accompanies it, employees have to be skilled of recognizing the critical information at the right time. Once that information is recognized and properly interpreted, there must be an organizational dedication to use the information to make better decisions. Without this potential, the organization cannot take advantage from new technologies. Human resources’ management, therefore, will persist to be a critical factor in the survival of any organization (Schlossberg H. 1992). We sum up the influence of globalization on human resources as follows: †¢ Information technology transforms the mode of communication and work processes. †¢ Custom or standardized operations are replaced with skilled and multi-skilled workers. An extremely trained labor force is desired to manage information technology. †¢ Worker motivation and satisfaction might improve since workers are no longer restricted to routine operations, enjoy management powers, and can contribute to developments in their work processes. (Waters, M. 1995) Globalization also has an impact on the organization itself, as follows: †¢ Organizational reformation is required. This reformation makes the organization flat. Decision-making powers are decentralized. †¢ Communications are better and the organization is capable to make timely responses to its environment. †¢ Introduction of new products and services is improved and varieties of products can be efficiently introduced and marketed by the organization. †¢ The organization is competent to improve its efficiency, quality, and competitiveness. (Scott, A. 1997) Today’s advanced technology can, conversely, easily become a basic technology. A rapid increase of new technologies also brings rapid obsolescence of earlier technologies. Policies concerning technology must not be static; they must keep evolving. Stalk (1988) points out that â€Å"competitive advantage is a persistently moving target . . . The best competitors, the most thriving ones, know how to keep moving and always stay on the cutting edge. † Competitiveness A company should be able to evaluate potential new technologies quickly. The goal must be to remain competitive, and effective management of technology is a vital step in achieving this. With an increased focus on customer satisfaction, technology is a decisive means for achieving customer satisfaction. Browning (1990) notes that a learning organization â€Å"uses technology incessantly to refresh its knowledge of its customers’ wants and to work out new ways of satisfying them. † This commitment to be a learning organization needs vast resources, however. For example, Browning also points out that building a learning organization â€Å"necessitates new skills, clever people and capable machines. † Noticeably, technology and human resources should be used together for the organization to stay competitive (Cunningham, S. and Jacka, E. 1996). Barabba and Zaltman (1991) note that â€Å"hearing the accent of the market and making constructive use of it with respect to the voice of the firm is a learning progression. † Essentially, the voice of the market has to be interpreted into facts and tasks that will lead to suitable products or services to satisfy customer needs. This is related to the application of quality function deployment, whereby the organization expands its strategic plans to assure customer needs. Thus, a learning organization should also be a caring organization. As a caring organization, its major objective is to please its stock or stakeholders, its customers, and employees, and also to be collectively responsible. The traditional organization, with the focus on satisfying stockholders alone, is varying to this new form, with a sophisticated stakeholder group (Petrella, R. 1999). Thus, globalization and human resources’ management are recognized as key variables that facilitate an organization to improve its productivity, quality, and competitiveness. A critical constituent is the information technology, which offers both opportunities and challenges. The organization should show understanding to its environment via its policies, and be learning and caring organization, as time and reliability influence competitiveness. Finally, organizations should innovate and constantly move to achieve new targets, particularly in view of today’s rapidly developing new technologies (Shields, R. 1997).

Arthur Miller presents Eddie Carbone as a tragic hero Essay

The next major event in this scene is where Rodolfo and Catherine have been dancing to â€Å"Paper doll† The words â€Å"Paper doll† could represent Catherine, as Eddie is implying that Rodolfo only wants Catherine for his papers; his passport to the country. During this scene Eddie’s anger has been rising and he then makes an attempt to dishonour Rodolfo by making him look foolish and unmanly, â€Å"I mean like me . . . would be like in a dress store. † During this point Catherine and Rodolfo have stopped dancing and turned off the phonograph, showing that Rodolfo has taken notice of this remark and his pent up anger is shown when he unconsciously tears the newspaper in half. Eddie’s jealousy and anger has been rising throughout this scene and in another attempt to make Rodolfo look unmanly and foolish Eddie asks him for a sparring match. Eddie hurts Rodolfo by punching him, â€Å"He feints with his left . . . staggers Rodolfo. Marco rises† He does this to illustrate his power over him and show to Catherine that he is weak and also to warn him this kind of behaviour is shown in animals where males fight each other for the right to mate. Marco has realised what is going on so he â€Å"rises† to have his presence felt by Eddie and to show him that he will back Rodolfo up. During this scene Miller has been building up tension through Eddie’s controversial joke to the sparring match as what seems to be â€Å"comradeship† and jokes, is really a way to get back at the two brothers. At the end of this scene Marco and Eddie have a challenge to see who can lift a chair from one leg to above their heads. Eddie tries and tries but to no success the chair just, â€Å"leans over to the floor†. When Marco attempts this he raises the chair as if like a â€Å"weapon over Eddie’s head† this action is symbolic of Eddie’s fate as he dies because of Marco in the end. It is a gesture that foreshadows the future events yet to occur after this incident. This challenge of strength was also a more blatant warning to Eddie by Marco to show that he could out power and even defeat him in a fight, we know this because of the stage directions, † . . glare of warning into a smile of triumph† These show Marco’s facial expressions. He is smiling because he knows Eddie is no match for him, Eddie also knows this as his, â€Å"grin vanishes† ending the scene and act with a dramatic climax. Eddie cannot defeat Rodolfo and Marco by being â€Å"more of a man† so he is left with one option, betrayal, which brings on his downfall. The next time Eddie encounters Alfieri is his final meeting with him. Eddie comes to him desperate to do something about Rodolfo and Marco as he is immersed by his jealousy after seeing Catherine come out of the same bedroom as Rodolfo in the previous scene. In this scene Alfieri again describes Eddie’s eyes as â€Å"tunnels† this repeated use of the word â€Å"tunnels† suggests that his fate is inevitable as a tunnel has only one way out and so does Eddie’s fate. In fact in this paragraph there are numerous phrases and words that suggest the downfall of Eddie is inevitable such as, â€Å"On December twenty-seventh I saw him next. I normally . . . sat around looking out my window at the bay† It seems unusual for Alfieri to break from his routine by staying in his office as he is a busy man and staying just â€Å"looking out† the window is an illogical way to spend time, suggesting to me it was fate that made him stay in his office that day. Also the word â€Å"transfixed† shows the downfall of Eddie, the meaning of the word transfixed is to be fixed to the spot through fear. Alfieri is scared as he knows what is going to happen next and he is powerless to stop it from happening repeating this idea of inevitability. Eddie uses the same excuses that Rodolfo is homosexual and that he is using Catherine as a way to stay in America. Alfieri tells him as he told him before, â€Å"you cannot stop it† but Eddie’s desperation drives him on. Alfieri warns him, â€Å"the law is only . . . drown you if you buck it now† Alfieri is trying to warn him about the implications that would arise if he was to go against the marriage of Catherine and Rodolfo when he says â€Å"law† he is also talking about the marriage however his warnings are futile as he â€Å"starts turning around† and goes to the phone booth. Eddie knows now that there is nothing more he can do than to call the immigration bureau, his hastiness and desperation impairing his morals, making him go against the things he stands for. In the last scenes we see that Eddie has lost everything, as all of the community turn their backs on Eddie, â€Å"Lipari, the butcher, turns and starts up left†. He has informed the immigration about Marco and Rodolfo which is considered to be the most dishonourable thing a Sicilian man could do and so they have lost all respect they had for him. Eddie still maintains his innocence as he never gave up fighting for his niece till he died and he stuck to his ways. Eddie is a tragic hero as he died because of his fatal flaw; his over possessive love of his niece Catherine. We see that he realises his mistake at the end as his last words are, â€Å"My B.! † this suggests that Eddie has now understood that his loyalties should have stayed with Beatrice his wife. It is Alfieri that recognises that the death of Eddie should persuade you to think that, â€Å"it is better to settle for half†. Alfieri also says that even though he knew that what Eddie did was bad there was still something in him that made him good, â€Å"something perversely pure calls to me from his memory† This conveys that Alfieri still thinks that Eddie is the â€Å"good guy† at the end of the play, as what he did was out of love a passion for his family, even though inevitably this would lead to his downfall and this was the reason why he died the way he did. At the end of the play we agree with Alfieri as the audience considers Eddie to have been hero in his own way.

Essay on Celebration of an Eid

People belonging to different castes creeds and countries celebrate different festivals. These festivals have both religious and psychological importance. On these occasions, people perform certain rites and thank God for the blessing that He bestows upon them. They gathers together at some place and offer prayers according to the teachings and dogmas of their religion. The rich give alms to the poor. Relatives, friends and neighbours pay specials visits to one another. They enjoy and rejoice in the same way and in the same manner. Thus such festivals bring all the members of society on one platform and remove all social indisciminations.Such festivals have also a psychological significance. We need some moments of rest after the day’s hectic activities. When routine work begins creating a sense of monotony and boredom in us, we desire to have some change in our life. This is necessary to purify us. So usually fairs are held on this occasion. People play different games. Picni c sports are thronged with people. Children celebrate the occasion with bangs and booms. Sometimes older people also join them. They dance and sing with the children. Dainty and delicious dishes are prepared at home. Sweets and cakes specially prepared for the occasion are sent to the near and dear ones.Houses are also decorated. So such festivals serve as an ‘overhaul’ of our mind, body and soul and bring about positive and constructive changes in our personality. Eid-ul-fitr is also such an occasion that is celebrated every year with full religious fervor. The Eid comes every year with the message of hope, love, equality and universal brotherhood. As it comes after the month of fasting, it has especial significance. It symbolizes man’s moral triumph over his animal instincts. The day begins with early rising, a bath, and wearing a new or at least the cleanest possible clothes and spraying perfume on oneself.It follows a donation of ‘fitrana’ to the deserving. Then every Muslim proceeds for prayers. There is considerable hustle and bustle in the prayer ground. To the gay colours of the children’s dresses are now added balloons and toys. â€Å"Khutba† follows the prayer. In this address the speaker throws light on the importance of fasting and the blessings of God that it brings. Rest of the day is spent in meeting friends and relatives and exchanging gifts with them. A part from the religious purpose, the occasion of Eid provides economic activity. There is a great shopping spree for ten days.Both the rich and the poor make purchases for the members of their families and especially for their children who also receive ‘Eidi’ form their elders on the Eid day. The shopkeepers reap a rich harvest of profits. With the approach of Ramazan and Eid prices shoot up. This trend must be checked. We must keep it in mind the spirit of such festivals. They are not meant for personal aggrandizement or personal gain s. The main purpose gains. The main purpose of these festivals is to bring hope and happiness in the life or those from whom fate has turned its face.

Agrarian societies in history Essay Example | Topics and Well Written Essays - 1500 words

Agrarian societies in history - Essay Example The Agrarian period witnessed a lot of economic, cultural and political activity among various societies in the ancient societies. The differences in activity were inclined to a number of factors and this largely depended on the geographical habitat of a given society. The three fundamental questions that are tackled in this instance include, if there was any social structure in that society and how it was constructed, what was the diet of that particular society and lastly, what was important for the people of that society’s survival. The Tang dynasty in the Agrarian society was characterized by the caste system just like most of the earlier traditional Agrarian societies. There existed the rulers who were at the apex of the social structure and this caste went down to the laborers who were at the bottom of the social structure. It had a stable government with intellectuals being highly regarded. History of Tang dynasty majorly emphasizes only the mandarins and the nobles, th e clergy and the intellectuals who were at the top of the social system (Benn 56-59). Furthermore, the group of mentioned elite in the Tang society had little or no time for the artisans, merchants, traders and slaves. It is only the elite that left some of the writings that were found in the Chinese library many years later. On the contrary, the lower in the class system did not leave any writings behind. The Tang society was patriarchal in nature as no major recognition was given to women in the Tang society. ... In some instances, tea was taken with traditional Chinese bread which was mainly baked by women in Traditional Tang society. The Tang together with its sister, Chinese dynasty the Ming, gave great reverence to trade in gunpowder which was a very important economic activity. It was during this period that the gun powder was invented. Gun powder was one of the most important activities in the day to day lives of the people in the Tang dynasty. Lastly in regard to the Tang, religion played an essential role in the lives of the people. The Tang societies were very religious with Buddhism being the main religion of the entire dynasty. Buddhism attracted the largest number of adherents and it’s on the basis of Buddhism religion through which court decisions were influenced or made (Benn 94-97). Just like the Tang dynasty, the Aztec society was also a socially stratified society in the sense that there existed several classes among the Aztec people. There were the nobles and also the commoners. The king or ruler the Tlatoani was considered sacred together with his lineage and had great influence among the Aztec people. The Tlatoani was the voice of the Aztec and his word was given preeminence as sacred. He had his royal who served the main purpose of paving his way of the normal people. His words were taken to be the word of the gods and nobody in the Aztec society would go contrary to this. A child born in Aztec society grew up and eventually died on the class or caste that his family belonged to. They believed that the cosmos had its way of classifying people in classes and this was the will of the gods, for this reason they embraced the fit in system where one inherited his social strata by the mere virtue of birth. On their food preferences, animal meat was a

RectorSeal Corporation in Japan Research Paper Example | Topics and Well Written Essays - 5500 words

RectorSeal Corporation in Japan - Research Paper Example Feasibility study can be defined as a process which enables the company to assess that the project which they are planning to undertake is feasible or not. It includes identifying the problems, opportunities and situations and assesses the benefits as well as the cost involved in the projects. Feasibility study also recommends on the various areas which should be taken care before taking any decision. In this project a feasibility study has been done on the various aspects of the probable expansion of the company in Japan. To analyze whether the company should expand in Japan various parameters have been analyzed. Firstly the history of the probable host company that is Japan’s history in industrial sector have been analyzes. Secondly the political policies regarding the industry have also been analyzed. The industrial sector is influenced by the political changes therefore a study has been made on the political scenario. Along with the political system, the legal, economic an d social system of Japan has also been analyzed. The financial dimension that is the banking, currency, accounting policies and foreign trade policies which can influence the company operating in Japan has also been analyzed. ... The financial dimension that is the banking, currency, accounting policies and foreign trade policies which can influence the company operating in Japan has also been analyzed. Next the cultural aspect of Japan has been analyzed using Hofstede’s model. To suggest on the marketing strategies to be practiced there a thorough study has been made on the present marketing strategies followed in Japan. The human resource dimension including the hiring, training, advancement, compensation and retention practices which are followed in Japan have been made. Apart from the marketing, human resource, financial dimensions environmental scanning a study has been made on the organizational structure of the multinational companies in Japan. After analyzing all the aspects recommendations have been made on the strategies which should be adopted by the RectorSeal Corporation to expand in Japan. 2. Brief overview of the company In this paper, the primary aim is to develop a sustainable internat ional expansion strategy for RectorSeal Corporation. The company aims to enter into the Japanese market by analyzing the viability of the host country. Therefore, it is necessary to assess the international factors of the company to identify its strength for market expansion. RectorSeal Corporation is U.S,-based company privately owned company engaged in the manufacturing multiple chemical used for industrial production. It has been operating in U.S. chemical market since more than 74 years. It was founded in 1937 and has gained a rapid growth acquiring a leading position in the market. In is domestic based company and having its portioning within the national boundaries. The headquarters is situated in the city of Houston, Texas (RectorSeal, 2008). The

Strategic Management of DL Limited Assignment Example | Topics and Well Written Essays - 4000 words

Strategic Management of DL Limited - Assignment Example The researcher states that the term ‘strategy’ is defined as the plan or the action of the organisations designed to achieve the vission of an organisation. It is performed with the help of all available organisational resources at efficient and effective manner so as to attain the objectives of the organisation. Strategies are developed or planned in order to enhance the strength of an organisation thereby reducing the potencies of the competiting firms. Thus, strategies might be of varied types such as corporate, businessunit and operational approaches among others. Strategy facilitates in augmentation of the sustianability and corporate image of an organisation in the long run among other competitors. Therefore, proper examination, selection and execution of a strategy are basic constitents of strategic management. Strategic management is odten referred as a term that deals with projected and evolving initiatives taken to augment the performance of ï ¬ rms in the ma rkets. It involves identification of the organisation's mission, vision and goals, policies and plans, intended to accomplish the future objectives thereby utilising the avalilable resources in an efficient manner. Strategic management is a continuous procedure of developement of strategies and policies that facilitates to compete with the existing rivals in the market thereby ensuring the market share and the brand distinctiveness among others in the market. ... This is a report highlighting the preparation of a strategic plan for ‘DL Limited’, thereby utilising varied ideas and knoweledges of strategic management so as to make the plan more proficient and effective. Discussion Strategic management refers a collection of decisions and operations which is accepted so as to improve the performance of an organisation.. The strategies are formulated after taking a descriptive knowledge and understanding about the environmental conditions of the market. This can be attained after conducting a SWOT analysis so as to acquire a detailed idea about the strengths and weaknesses thereby maximising the opportunities and minimising the threaths. Thus, strategic management includes planning for both present and future prospects of an organisation. Strategic management includes strategic analysis, planning and implementation so as to enhance the profitability and the marketshare among others. This can be possible only through proper decision m aking process and proper analysis of the market along with the rival competitors’ approaches and product lines so as to ensure positive future prospects for the organisation (Wells, n.d.). In this era of globalisation and industrialisation, it is essential to implement strategic planning process in order to enhance the business and its market identity among other competiting brands. Strategic planning is referred to as an organisation's procedure of defining its policies, or trends necessary for decision making so as to utilise its resources to attain the future strategies. In order to determine the future courses of an organisation, it is essential to realise the existing position and financial condition which would facilitate the