Monday, May 25, 2020
1. Introduction All businesses have a large amount of stakeholders. Pauline (2013) defined that stakeholder is a general term to indicate all those who might have a legitimate interest in receiving financial information about a business because they have a Ã¢â¬ËstakeÃ¢â¬â¢ in it. All stakeholders must need accounting information to help them making better decision. Most of the businesses have provided different sort of accounting information like balance sheet and income statement. However, no all the stakeholders need the same information and the purpose is different. Therefore, the main question is what information is required and the proper use of the information. In the following of the passage, it will discuss about the question from different stakeholders. 2. Management Managers are who manage the business on a daily basis. They need to know how well projects are progressing financially and about the financial position of the business. E.g. how much assets and liabilities are they own. Can the businesses able to increase capacity in the next few months? This is referred as management accounting. For instant, managers can use contribution margins to set the product selling price in order to maximise the profit. Managers can use payback period and average return rate to assess the risky of the project. Furthermore, ArgilÃ ©s Slof (2003) found that making decision by using financial report will have better performance. They had set up a research about the comparison of the farmsShow MoreRelatedBusiness Management And Accounting And Appropriate Data Analysis Techniques2364 Words Ã |Ã 10 PagesExecutive Summary The approach adopted in this paper is to discuss three types of research methods available within the business management and accounting and appropriate data analysis techniques available within the field. As Creswell (2002) noted, qualitative method concentrates on words and observations to express reality and attempts to describe people in natural situations. In contrast, the quantitative approach grows out of a strong academic tradition that places considerable trust in numbersRead MoreManagement Accounting : The Father Of Accounting1415 Words Ã |Ã 6 PagesIntroduction Accounting has be defined in various ways however almost every definition will describe it as a process that identifies, measures, analysis, and report data. Management accounting has not been the same since business started; it has come a long way from early member of civilisation using stone tablets for bookkeeping. Management accounting is used to aid managers make business decisions based on predicted figures and comparisons with actual figures. To follow is a detailed evaluationRead MoreApplication Of Management Accounting Theories Essay1541 Words Ã |Ã 7 Pages Executive Summary Management accounting is one important area which is widely used in many industries and areas. The application of management accounting theories, methods, tools and principles could influence one companyÃ¢â¬â¢s decision making process, evaluation process, performance estimation and investment management. This report will emphasize two important areas which are investment appraisal and variance analysis which are used to make the decision and estimation. For investment appraisalRead MoreWhy An Ais ( Accounting Information System Is Not Optional But Mandatory1443 Words Ã |Ã 6 PagesFinancial accounting is the procedure that encompasses the planning of financial reports on the organization for utilization by both inside and outside parties. Clients of these related reports incorporate investors, speculators, lenders, administrators, managers, unions, as well as external government agencies. Conversely, managerial accounting is the procedure of recognizing, measuring, investigati ng, and imparting financial information required by administration and management to plan, arrangeRead MoreAccounting Software Example1303 Words Ã |Ã 6 PagesOBJECTIVES 3 BUSINESS INTRODUCTION 3 ACCOUNTING SOFTWARE 3 ADVANTAGES 4 COMMUNICATION 4 FINANCIAL MANAGEMENT 4 SALES MANAGEMENT 5 INVENTORY CONTROL (IC) 5 HUMAN RESOURCES (HR) 5 DISADVANATGES 5 ANALYSIS OF DATA 6 SUMMARY 6 Bibliography 7 OBJECTIVES In this assignment I will review the accounting software appropriate to the outlined hypothetical company. On the one hand, I will consider advantages and disadvantages of the software which are relevant to the proper management of the companyRead MoreBusiness Innovation And Skills Of Uk Government1563 Words Ã |Ã 7 PagesAccording to the data of the Department for Business Innovation and Skills of UK government, there are 5.4 million small and medium enterprises (SMEs) in 2015. Based on the official EU definition, if the staff headcount of the enterprise is less than 250 and the turnover is less than or equal to 50 million euro, which will be classified as medium sized enterprise. And for small and micro enterprises, their headcount should not be more than 50 and 10, the turnover has to be under 10 million euro andRead MoreResearch on the Influence of Informatization1698 Words Ã |Ã 7 PagesRunning head: RESEARCH ON THE INFLUENCE OF INFORMATIZATION 1 Research on The Influence of Informatization On The Accounting Theories and Practices and Real-time Control in China Yang Lu Fairleigh Dickinson University RESEARCH ON THE INFLUENCE OF INFORMATIZATION 2 Abstract The 21st century is an information age of rapid development and the computer is more and more widely used in everyRead MoreEssay about Role of Managerial Accounting1112 Words Ã |Ã 5 Pagesof a business. Research shows there are three main ways accountants can keep business costs down which involve internal and external actions. For internal control, the accountant has a responsibility to monitor finances of a company. Other responsibilities include keeping track of liabilities, duties and taxes. Furthermore, analyses of measurement data on creditors or stockholders are also provided by an accountant. This essay will seek to prove that through principles of financial accounting, costRead MoreThe Role Of Management Accounting And Management1461 Words Ã |Ã 6 PagesThe development of management accounting and management accountants in much of society have been changed. In this paper, we will discuss the hybridisation and change in nature and role of management accounting and manage ment accountants. The Evolution of Management Accounting From 1981 onwards, the Management Accounting Practices Committee outlines the definition of management accounting to Ã¢â¬Ëthe process of identification, measurement, accumulation, analysis, preparation, interpretation, and communicationRead MoreEssay on MBA detail course outline1314 Words Ã |Ã 6 Pages(Evening): 1.5 years (Quarters, 3, 4, 7, 8 14) General Management 1st Quarter Effective : Spring Quarter 2011 Human Resource Management Finance Accounting Banking Finance Ã¢â¬ ¢ Organizational Communication Ã¢â¬ ¢ Organizational Communication Ã¢â¬ ¢ Organizational Communication Ã¢â¬ ¢ Organizational Communication Ã¢â¬ ¢ Principles of Management Ã¢â¬ ¢ Principles of Management Ã¢â¬ ¢ Principles of Management Ã¢â¬ ¢ Principles of Management Ã¢â¬ ¢ Research Methods Ã¢â¬ ¢ Research Methods Ã¢â¬ ¢ Research
Thursday, May 14, 2020
The Holocaust and the Cultivation of Bigotry and Hate In 1933, the Jewish population of Europe was about 9.5 million people. The number represented more than 60 percent of the worlds Jewish population at that time, estimated at 15.3 million. So how could two out of every three European Jews be dead by the end of World War 2? The answer to this question lies in the hands of Adolph Hitler. Adolph Hitler has helped destroy the lives of millions of families around the world, but how was he able to take part in these mass killing of Jews all around Europe. When Adolph Hitler was 18, he became interested in German nationalism, because he lived on the German-Austrian border. He became interested in politics, only after failingÃ¢â¬ ¦show more contentÃ¢â¬ ¦Hitler, knowing this, devised a plan, in which the Nazi?s would kidnap the leaders of the Bavarian government, and hold them at gunpoint until they accepted Hitler as their leader. The kidnapping was supposed to take place at a beer hall in Munich. Of course, none of this was true, but the people in the beer hall did not know the difference. Hitler ordered the 3 Bavarian officials to a back room, and proclaimed I have four bullets in this gun: three for you gentlemen, and one for me.?(Keegan 221). The three gentlemen finally succumbed to the Nazi government. They then went out to the podium in the beer hall, and publicly announced their loyalty to Hitler. All four, including Hitler then sang ?Deutschland uber Alles?, the song of the Nazi?s. Hitler left the beer hall in pure happiness. This proved to be a fatal mistake for Hitler, for after he left the hall, the revolution fizzled into nothing, he was captured, tried for treason, and, on November 21st, 1923, Hitler was put in jail for five years (Encarta). While in jail, Hitler funneled all of his hatred-driven energy into a book, titled Mein Kampf. Hitler rambled from one subject to the next, one minute blaming the Jews for Germany?s loss in World War I, and the next, talking a bout his future ambitions. Because of this, Hitler was banned from public speaking in Germany for 2 years, and the ban was not lifted.. During this two-year period, Hitler reorganized the Nazi party. Time to seize
Wednesday, May 6, 2020
Ã¢â¬Å"Oh, AnnaÃ¢â¬ ¦if only there was someone out there who loved you.Ã¢â¬ As Hans pulls away from the shivering Princess Anna with a smirk, refusing her Ã¢â¬Å"true loveÃ¢â¬â¢s kissÃ¢â¬ and revealing his not-so-charming character, viewers are faced with a drastic divergence from the average Disney princess plot. FrozenÃ¢â¬âas demonstrated by this devastating betrayalÃ¢â¬ârefuses to grant its heroine a classic Ã¢â¬Å"fairy tale ending.Ã¢â¬ True loveÃ¢â¬â¢s kiss does not save the day; Prince Charming does not ride in and rescue the damsel in distress; there is no magical wedding, no easy Ã¢â¬Å"happily ever after.Ã¢â¬ Instead, there is only one person who can save Anna: her sister. Sense Sensibility is not your typical romance, either. In fact, the novel is rather unromantic when comparedÃ¢â¬ ¦show more contentÃ¢â¬ ¦Ã¢â¬Å"Please. I donÃ¢â¬â¢t want to hurt you.Ã¢â¬ As the adolescent Elsa watches her powers intensify with each passing day, she recognizes that for her, growing up will mean growing apart from her loved ones. Thus, ElsaÃ¢â¬â¢s mantra becomes Ã¢â¬Å"conceal, donÃ¢â¬â¢t feelÃ¢â¬ as she shuts everyone out of her lifeÃ¢â¬âincluding her sister. Ã¢â¬Å"IÃ¢â¬â¢m right out here for you,Ã¢â¬ says Anna, pleadingÃ¢â¬âas alwaysÃ¢â¬âfor her sister to open the door. Ã¢â¬Å"Just let me in.Ã¢â¬ But Anna is the one closest to ElsaÃ¢â¬â¢s heart; thus, she is the one from whom Elsa must maintain the greatest distance. And so, the door remains shut in an act of fear and protection that can only be seen from the inside. Meanwhile, on the outside, Anna is left alone: believing that her best friendÃ¢â¬â¢s love has expired and wonde ring why her sister has locked her out of her life. But Elsa is not the only one who shuts the door. In Sense Sensibility, Elinor is also afraid to let her sister in. She fears that in revealing her feelings, she would be burdening MarianneÃ¢â¬âas Elinor tells her sister, Ã¢â¬Å"I would not have you suffer on my accountÃ¢â¬ Ã¢â¬âand so, she constantly conceals her emotions from her loved ones. Thus, a similar communicative barrier is built between Elinor and Marianne. Ã¢â¬Å"We have neither of us any thing to tell,Ã¢â¬ Marianne tells her sister. Ã¢â¬Å"You, because you do not communicate, and I, because I conceal nothing.Ã¢â¬ As a result, the sisters cannot understand each otherÃ¢â¬â¢s sufferings. Thus, they cannot provide the necessaryShow MoreRelated Sense and Sensibility Essay1523 Words Ã |Ã 7 Pages Title nbsp;nbsp;nbsp;nbsp;nbsp;Ã¢â¬Å"I have not wanted syllables where actions have spoken so plainly.Ã¢â¬ (Austen 68) As Elinor declares in Jane AustinÃ¢â¬â¢s novel Sense and Sensibility, it is true; actions do speak louder than words. What someone does means a lot more than what someone says. Someone can tell you that they love you, but if they never show you than how will you know if they truly mean it. Love is meant for people like Elinor and Edward who showed each other their love and respected socialRead MoreSense And Sensibility Essay1344 Words Ã |Ã 6 PagesIn Jane Austen s novel Ã¢â¬Å"Sense and SensibilityÃ¢â¬ marriage is a prominent theme. Each character is affected in some way by marriage. Sometimes it is beneficial for characters like Fanny, (Sarah Elizabeth Keyes), who marries John Dashwood, (Alex Givens), and acquires power. For others, it is an unnecessary circumstance forced upon them as in the case of Edward Ferrars, (Rishan Dhamija). Making sure you stay wi thin your social class is very important to people of this era, and in order to do thisRead MoreSense And Sensibility Essay1709 Words Ã |Ã 7 PagesIn the play Sense and Sensibility, playwright Kate Hamill and director Taibi Magar collude to reveal the theme that sense rules over sensibility in love affairs by having dual plot lines and dual heroines in the play. The two heroines, Elinor and Marianne, hold differing views and beliefs on love during their quest to find a suitable spouse. The contrasting views of love highlight both charactersÃ¢â¬â¢ reaction towards conflict in their love life. Thus, Elinor and MarianneÃ¢â¬â¢s reactions to the conflictsRead MoreSense And Sensibility Essay1683 Words Ã |Ã 7 PagesKate HamillÃ¢â¬â¢s Sense and Sensibility, under the direction of Taiba Magar, provided a compelling experience into modern theatre. The performance presents an in-depth look into 1790s England and the emergence of the sensibility movement, a response to the growing t ensions of the time. Utilizing costuming, lighting, effective story-telling, and stage design, Sense and Sensibility highlights the social pressures of the 1790s through Elinor and Marianne, the storyÃ¢â¬â¢s protagonists. While performed on theRead MoreEssay on An Introduction to Sense and Sensibility1320 Words Ã |Ã 6 PagesJane AustenÃ¢â¬â¢s novel Sense and Sensibility follows the lives of two sisters, Elinor and Marianne Dashwood, as they face the perils of finding love. In the novel, Elinor seems to be the embodiment of sense with her rationality and thoughtfulness, while her sister, Marianne, seems to symbolize sensibility. Marianne is incredibly emotional and wildly romantic. Although the novel seems to closely attach the sisters to these personifications, it is shown at the beginning of the novel that Elinor and MarianneRead MoreEssay Sense vs Sensibility2313 Words Ã |Ã 10 PagesOften, two people who have endured similar life experiences and share an unmistakable parallel in lifestyles can be viewed as duplicates of one individual. In Sense and Sensibility, the two main characters, Elinor and Marianne Dashwood can be seen as two extensions of the same character. The sisters are relative ly close in age, grew up with the same social expectations of the same time period and household, and they evidently experienced similar childhood and family trauma and problems. AlthoughRead MoreEssay on Sense And Sensibility Themes901 Words Ã |Ã 4 Pages quot;Sense and Sensibilityquot; In Jane AustenÃ¢â¬â¢s Sense and Sensibility there is a theme that runs along with males in the novel. The first born sons are forced to deal with the promotions and abilities that come along with the laws of primogeniture, yet even with all they get they do not lead an altogether happy life. The men that are quot;first-bornquot; are in fact too swayed by the power and obligation that comes with their estates. In the novel the first sons are viewed in a negative lightRead More Structure and Characterization in Sense and Sensibility Essay3986 Words Ã |Ã 16 PagesStructure and Characterization in Sense and Sensibility Fiction was not considered an important part of literature in the early nineteenth century when Jane Austen published her novels. Fiction was presumed to be immoral and even dangerous since it over-excited the imagination (Halperin 5). Many religious denominations instituted anti- fiction campaigns to protect young people from the corrupting influence of the novels. It was not until the middle of the nineteenth century that this attitudeRead More Patriarchy in Jane Austens Sense and Sensibility Essay1535 Words Ã |Ã 7 PagesPatriarchy in Jane Austens Sense and Sensibility Despite the fact that Jane Austen has become what Julian North describes as a Ã¢â¬Å"conservative icon in popular cultureÃ¢â¬ signified by her depictions of Ã¢â¬Å"traditional class and gender hierarchies, sexual propriety and Christian values,Ã¢â¬ the novel _Sense and Sensibility_ provides, if not a feminist perspective, a feminist discourse lacking in Emma ThompsonÃ¢â¬â¢s film version (North 38). In this essay, I attempt to argue briefly that the novel, which initiallyRead MoreJane Austens Sense and Sensibility Essays1384 Words Ã |Ã 6 Pageswhether itÃ¢â¬â¢s an inanimate object or a person you want to spend the rest of your life with. Jane AustenÃ¢â¬â¢s novel, Ã¢â¬Å"Sense and SensibilityÃ¢â¬ , revolves around two sisters who try to find true love, while requiring a balance of reason and emotion. Elinor and Marianne Dashwood are viewed as two completely different people. Elinor is known to represent Ã¢â¬Å"senseÃ¢â¬ while Marianne represents Ã¢â¬Å"sensibility. Ã¢â¬ In the novel, Jane Austen emphasizes two common womenÃ¢â¬â¢s characteristics, and shows us how Elinor and Marianne
Tuesday, May 5, 2020
Question: Discuss about theSustainable Business Development of Commonwealth Bank. Answer: Introduction: The aim of this paper is to harp on the concepts of business model and disruption of the business model. The paper also discusses the threats and opportunities ushered in by the smart-connected devices by delving into its impact on Commonwealth Bank, Australia. There are discussions on the Osterwalder and Pigneurs business model in contextualizing the disruptive business model of Commonwealth Bank and further discussions on the two perspectives of business model. Business model: Business model comprises of three elements that define the structure and goals of the business (Tidd, Bessant Pavitt, 2005). These three elements are profit formula, value proposition and the key processes and resources. Customer value propositions deals with the notion of fulfilling the task are meant for the better experience of the customers (Chesbrough, 2010). The notion of profit formula is concerned with the strategies that the company has employed in generating a lucrative deal. Third notion of the key processes and key resources indicates the processes imperative for the delivery of the proposition. Disruption in business: Disruption in business has become the trend in contemporary phase of business. The term disruption refers to the drastic alteration in the landscape of the traditional business model of the company. Companies have adopted the disruptive model to bring innovation in their business. Some of the illustrations are that companies have disrupted the business model by converting the necessities into shipping products and subscriptions (Commonwelath Bank of Australia, 2018). Companies have tapped the advantage posed by the revolution in internet speed the mushrooming of the mobile device that would stream high-quality content in exchange of monthly subscription. Another illustration of innovation would be Netflix. The company has ensconced a strong position by continuously innovating its business model. This is done through renting the DVDs and therefore changing the fate of blockbusters. In 2007, the company incorporated the streaming service and has over the years built a reputation. It ha s also branched out into the sector of original content. Currently, Netflix has become the contributor in cord-cutting phenomenon that has posed a threat to the cable companies. Another illustration of disruptive business model is Amazon. The retail giant has been consistently focussed in elevating the experience of shopping for the consumers. It has placed 500 products in the market that would be available at the fingertip of the customers. Recently, it has launched that app that has led to a sweeping increase in its sales. To stay ahead in the business, the company innovated convenience that includes the facility of Amazon Prime for its customers. Along with that it has granted access to the customers membership to two-day shipping and has allowed them to access millions of products including the benefit of music libraries and video. Disruptive business model has incorporated drop box for the purpose of communication. This had led to the enhancement in participation, accessibility and productivity. Another feature of disruptive model is that it has led to the building in of gamification that has led to the enhancement in engagement with the customers. Business model of Commonwealth bank: Opportunities and threats The eruption in technology has led to the radical automation in the service of the Commonwealth Bank (Porter Heppelmann, 2014). The company has introduced a range of smart machines that interact with humans and has led to the generation of GDP. Smart-connected devices and service has altered the business model of Common Wealth Bank as envisaged by Dilan Rajasingaham, the Head of the CommonBanks Emerging Technology team (Welcome to the Machine-to-Machine economy, 2018). The company has introduced machine-to-machine economy the feature of which is that machines can eliminate the tasks that are otherwise boring, tiring or onerous. The company is planning to introduce automated machines that can look after it, in other words it can do self-monitoring and are capable of taking orders and making decisions on insurance. Machines will perform these functions and will open a new door in terms of providing smooth service to the customers and ease their pain. The technology partner of Commbank Emerging Technology has collaborated with public and private tech partners and the academic community who would be able to experiment with technology. The focus areas of Commonwealth Bank are big data analysis, blackchain, smart machines and cyber security (Reinventing Your Business Model, 2018). The team of CommBank is committed in preparing a future based on experimentation, education, adoption of new technologies and learning. Whilst, these were the opportunities, the threats are also quite prominent. According to a survey conducted by the Mobile Ecosystem Forum, 60 per cent of the population were worried about the proliferation of the connecting devices, and 62 per cent of the population was of the opinion that privacy was a real concern that was being hampered by the smart-connecting devices (Commonwelath Bank of Australia ,2018). It was reported that 21 per cent of the sample population conceded that internet of Things (IoTs) poses a real threat (How Smart, Connected Products Are Transforming Competition, 2018). The advantage lies in gaining or securing the trust of the customers in the management of transactional data. CommBank is committed to innovating in the space of payment technology. The company has constructed a network that would enable in the innovation of the business through a decentralized structure and distribution. The broader aim of the company is to work its privacy protocols that would underpin the transaction banking of CommBank. Business model framework of Osterwalder and Pigneur to analyze the business model of Commonwealth Bank: An analysis of Commonwealth Banks disruptive model with the framework of Osterwalder and Pigneur is imperative. It has been found that the bank is committed towards building on its customer relationships and the value proposition. In terms of value proposition, the company believes in making transaction smoother for the customers, in terms of customer relationships, the company believes that smart-connected device would cater to the growing needs of the millenials for whom everything is just a click away and finally in terms of channels, the company is planning to reach to the potential customers via notification through mobile phones (Osterwalder Pigneur, 2010). Key Partners Partner with private and public service providers Key Activities Providing smooth bank experience to the customers Machine-to-machine transaction economy Big data analysis Cyber security Value Proposition The company delivers the value of easy money transaction Customer Relationships Building trust Customer service Cordial and long-term relationship. Customer Segments Millenials who service to be quick and efficient Key Resources Smart connected technology Automated banking Self-monitoring machines Channels Decentralized structure and distribution Cost Structure Technology Customs Employee wages Taxes to government and intercity and interstate taxes Production costs Installation of the machines throughout the country Revenue Streams Easing the burden on payment technology Two business model perspectives Business model as a set of capabilities- This refers to the ability of an organization to recognize and build on the right kinds of capabilities. This capability provides the opportunity to translate the strategy into actionable tasks and ensured that it is executed in the business areas (Zott Massa, 2011). Business model as profit formula- Business model as a profit formula refers to the four aspects of business. These are cost structure, target unit margin, revenue model and the velocity of the resources. Conclusion Therefore, it can be stated that smart-connected products in the form of machine-to-machine economy will make it easier for the customers to make transactions. It will also transform the landscape of the banking sector. This is an illustration of disruptive business model for CommonWealth Bank. References Chesbrough, H. (2010). Business model innovation: opportunities and barriers.Long range planning,43(2-3), 354-363. Commonwelath Bank of Australia (2018). Disrupting beliefs: A new approach to business-model innovation.McKinsey Quarterly,3, 66-75. How Smart, Connected Products Are Transforming Competition. (2018).Harvard Business Review. Retrieved 19 April 2018, from https://hbr.org/2014/11/how-smart-connected-products-are-transforming-competition Osterwalder, A., Pigneur, Y. (2010).Business model generation: a handbook for visionaries, game changers, and challengers. John Wiley Sons. Porter, M. E., Heppelmann, J. E. (2014). How smart, connected products are transforming competition.Harvard Business Review,92(11), 64-88. Reinventing Your Business Model. (2018).Harvard Business Review. Retrieved 19 April 2018, from https://hbr.org/2008/12/reinventing-your-business-model Tidd, J., Bessant, J., Pavitt, K. (2005).Managing innovation integrating technological, market and organizational change. John Wiley and Sons Ltd. Welcome to the Machine-to-Machine economy. (2018).Commbank.com.au. Retrieved 21 April 2018, from https://www.commbank.com.au/guidance/newsroom/corporate-travel1-201711.html Zott, C., Amit, R., Massa, L. (2011). The business model: recent developments and future research.Journal of management,37(4), 1019-1042.