DOES FUTURE OF MANAGEMENT ACCOUNTING LIE IN STRATEGIC MANAGEMENT Essay

DOES FUTURE OF MANAGEMENT ACCOUNTING LIE IN STRATEGIC MANAGEMENT ACCOUNTING - Essay Example In the early days when people started conducting trade they learned to arrange financial information in a systematic manner. As time progressed further the concept of accounting gained popularity and people introduced several changes to make it more effective and useful for maintaining financial records. Management accounting is a branch of the traditional accounting system that is used by the managers to obtain the valuable information about the business. Management accounting plays a vital role in the decision making process. Managers use management accounting to derive information while making business decisions. With time the international business environment has undergone several changes. Due to the effect of globalisation, businesses have lost their geographical boundaries; therefore there has been a requirement of an accounting system that assists in understanding global business environments. The governments of the different nations are also more concerned in making the business activities more transparent by making the accounting standards stringent. Therefore, the management has to maintain an effective accounting system so that information regarding the external environment can be used to make the business policies proactive. Requirement of an effective and advanced accounting system has resulted in the development of a strategic accounting system. In the given project a thorough comparison will be made between management accounting system and strategic accounting system. The main aim is to analyse how far strategic accounting system is effective in overcoming the drawbacks of management accounting system and to assist managers in developing a sustainable business environment. Management accounting provides the information required by the managers for planning, controlling and decision making (Jiambalvo, 2007, p.2). In the process of decision making related to resources allocation, making

Produce a written technical report on one of these topics (please see Essay

Produce a written technical report on one of these topics (please see description) - Essay Example Turbine gas engines have almost replaced the piston engines in the aviation industry for aircraft power generation. Categorized as turbojet, turbofan, turboprop, or turboshaft engine, the gas turbine engines are the most significant breakthrough in the history of aviation. Constant (1980) highlights that specific to their purpose, different types of engines are employed in the industry. Design characteristics including number of spools, principle of compression, distribution of airflow within the engine, utilization of the exhaust gas are the main deciding factors for this purpose. Basically, four types of turbine engines are used in aviation industry, these include In Turbojet and turbofan engines, reaction of exhaust gases leaving the exhaust nozzle is used ro produce thrust. Turbofan engines are further classified as as high-bypass or low-bypass-ratio engines based on requirements of mass flow. A typical schematic diagram of turbofan and turbojet engines is shown below for reference study. In third type of gas engines, turboprop, propeller is driven a turbine rotated by hot gases. Major portion of the exhaust gases is absorbed by turbine to produce mechanical work with a very small portion to produce thrust. Below is a schematic diagram of the turboprop engine. Air intake is the most important part of a subsonic and a supersonic aircraft as it ensure optimum supply of air to engine for producing required thrust. The design of intakes depends on engine requirements and aircraft design speeds. since the primary task of air intakes is to supply air for engine, then the ultimate responsibility for air intake design is attributed to aircraft airframe designer rather than engine designer. Therefore, it is important that both designers work in coordination with each other to reach optimum design (Mattingly 2005). The intake design such that it ensures that required amount of air

Being Me Essay Example | Topics and Well Written Essays - 500 words

Being Me - Essay Example However, I chose not to have my marriage as a hurdle in the way of my education. Therefore, I discussed my desire of continuing studies with my husband. He was very reluctant to grant me permission to study. He was of the view that I might compromise upon my home in order to do good at studies. It took me as much as two whole years to convince him. I love him for finally understanding me. â€Å"You need not just a spouse, but a spouse who believes what you believe† (Onyemalech, n.d.). I assured him that home to me was just as important and sacred as it was to him, and convinced him that I would never compromise upon my home in any case. Becoming a Radiology Technologist had always been my dream. I worked in different areas in radiology including diagnostic, mammogram, MRI, and Cat Scan. By the grace of God, today I am the first female Director of Radiology at the medical center where I work. Today, when my high school class mates meet me, they become astonished to see me as a successful Radiology Technologist. The last thing they knew about me was that I had got married, and had said â€Å"good-bye† to studies. They expected me to have spent all of my life growing children. What makes all this even more interesting is that I managed to fulfill my duties as a wife and a mother along with taking my academic career and professional life to higher levels.

Health care premium tax credits Research Paper Example | Topics and Well Written Essays - 500 words

Health care premium tax credits - Research Paper Example It is a refundable tax credit and the refund is fully paid regardless of the income tax which is owed by the recipient (IRS â€Å"Individuals†). This HCTC benefits many displaced workers and those aged 55 years and older under pension benefit. It is meant to ensure that people can still access health care services despite their financial difficulties and economic status (IRS â€Å"Individuals†). The primary Act which has made the HCTC possible is the Trade Adjustment Act of 2002. This act basically created the HCTC and ensured that certain individuals who receive PBGC are qualified for credits (DSRA, p. 1). The act made it possible for 65% of health care insurance to be covered by the federal government. Through this act, the HCTC has been implemented since December 2002; and it has also been available for all of 2003 and the years following (DSRA, p. 1). The American Relief and Recovery Act of 2009 (ARRA) extends the coverage of the Trade Adjustment Act of 2002. It is the act which provides about $30 billion for health investments with most of the investments made available to hospitals and physicians who use Electronic Health Records (EHR) (Cisco, p. 1). Those with EHR are qualified to receive incentives from the Medicare and Medicaid starting on 2011; the act includes a $2 billion grant from the Department of Health and Human Services and also grants for telemedicine pro jects (Cisco, p. 1). As part of the ARRA, the Trade Adjustment Assistance Health Coverage Improvement Act of 2009 was passed and this expanded the eligibility of qualified family members beyond the enrollees’ death or divorce for up to 24 months; also, those who are eligible but live in US territories can participate in the monthly HCTC (IRS â€Å"Individuals†). The HCTC is included as a health policy because the Congress recognized that for people who lose their health coverage, the experience can

The Missing Melody Essay Example for Free

The Missing Melody Essay I woke up in the middle of the night with a sweat all over my face. â€Å"Oh, it is such a horrible nightmare I had.† I said to myself. I lighted the candle in my room; the small frame gave me a warmer atmosphere; so I felt a lot better. I tried to continue my sleeping but I had a strong sense that there is something wrong. And what made me frighten until my heart beat faster was my sense is never lie to the reality. Nevertheless, I felt asleep again with my doubtful mind. Three hours later, the phone rang. It is irregularly for receiving a call, especially in the morning. A widow and owner of a small farmhouse like me did not give away my home number to many people. I was hesitating, but deep down I knew that the call needed to be pick up, so I did. Unexpectedly, the man’s voice introduced himself as a police from investigation department. I needed to prepare myself for their arrival at my estate; they wanted to ask me a few questions about the mysterious murder which happened to my closest neighborhood. I was shocked and almost got paralysis. I got dress and went down stair to prepare myself for the coming investigation. Instead of sitting down and wait, I walked up and down around my living room. I got even more frighten to know that bad thing did really happen and it involved me. I could not think of the sane reason which made anyone of The Hays got murder, they are such a lovely couple. The husband was the owner and worked in the farm while the wife took care of entire domestic matters. What a brutal person could do this to them, I thought. Then the knocking on my door interrupted my thought. They came to me because I was the only neighbor of the dead man, Mr. Hay. I told them honestly that I stayed inside all night and I did not hear anything weird. I felt so much pity for Sandy; she was a gorgeous singer in town before she became Mrs. Hay. Then they asked me to go to the Hays’ place to get some clothes for Sandy, she was in the police station. I really wanted to do the b est thing I can to help a nice and generous lady from her miseries. So they took me inside their house and up stair to their bedroom. The house seemed so usual and peaceful. A peaceful in a murder place, I might have gone mad. They told me that they had nothing to do in this place and wanted to see the plant grower of this farm for more investigation, because they could not find any evidence or suspect in this place. So they left me alone in order to select the appropriate cloths for poor Sandy. I opened the white wardrobe with a sweet decoration, and grabbed things that I hope to be useful for Sandy. I knew that she would be depressed after confronted this kind of situation, so I continued to look for something that would be meaningful to her to help her feel better somehow. I glance my eyes over, and surprisingly I found what I intended. I knew that in a women’s wardrobe, there was a secret drawer that men never realize. So I open it with great hope to find some precious gift that Sandy kept. I found a wooden box, with beautiful carve. I was sure Sandy would be glad to see this present from Mr. Hay right now. However, I sense that I did not want the police to see this precious box, because I wanted to surprise Sandy. Then I rushed, gathered all Sandy would need, but the box fell down on the floor. I put my hands on my mouth, so I would not scream so loud to the police’s ears. What I saw on the floor, another unexpectedly, is a spring green beautiful feather of bird. Then I heard the police’s footstep coming, therefore I kept the feather in my pocket rapidly. I went to the police station with them. Along the way, I only spend my time consider of how would the feather become a precious object for Sandy. The police ask me about Sandy’s motivation to commit murder, and I absolutely answer that Sandy is too fragile to do thing like that. When we arrived, I hurried to meet Sandy. Suddenly, I saw the most lament girl in the world. Sandy was wearing a shabby housewife dress and her very long hair was tangled. She was sitting with her face down and did not even move. The police told me that she hardly said a word since her husband died. They begged me to talk to Sandy in order to find more clues. Left alone just two of us, I told Sandy that I brought her some clothes she may need. She thanked me. I held her in my arms and brought her the feather. Just seeing this, she cried loudly, and I was a little bit shocked. She thanked me again and again with the tear on her face. â€Å"Though, I don’t understand the whole story, I’ll take you out of this place. Remember Sandy, just keep saying that you did not see or hear anything that night.† Sandy held me even tighter; I sense the women’s bond in every drop of my blood. â€Å"I will tell you everything after we left this place†, Sandy said to me. Although Sandy answered all of their questions, but no clues were found. They cannot arrest her in charge of murderer because they found no evidence to do so. After the investigation, I offered to taking care of Sandy at my place, and the police could not deny my assistance. Actually, I knew that Sandy is a murderer, but I insisted to help her because this is the right thing to do. I knew her enough, even more than her husband did. I knew exactly what I was doing, helping the murderer from punishment. I asked her how he died; Sandy answered with emotionless face that â€Å"After working in the farm, he was very tired and went to deep sleep. My long braided hair took his breath just like he did with the rope around my bird’s neck.† She told me that Mr. Hay would beat her if she sings; he hated what she loves the most. Then she got this bird from a plant grower as a birthday present. Since that day, Charice: the bird kept making pretty melodies instead of her wonderful voice. Sandy could not stand to let the mad who destroy her only happiness live. The woman bond between suffering woman is the strongest than trammel. The woman is fragile; seem to have no power but, if she is cornered, she can do anything that no one can imagine. I saved her because I was saved once in the same situation as well.

Changing Trends Of Hospitality Industry In India Tourism Essay

Changing Trends Of Hospitality Industry In India Tourism Essay As the Hospitality industry is a very vast topic, therefore, in order to make my dissertation proposal probable, I had to narrow down the hospitality industry to hotels and bars only for some part of the project like the change in the viewpoints of consumers, and for certain hotels which have their locations all around the world. My key focus would be mainly the top Players in the Industry owing hotels and lounge. In the recent past years, India has witnessed a tremendous boom in the hospitality industry, just like many other segments. The fact that the Indias economy had been growing rapidly and India as a whole had been facing a huge challenge of being under roomed gave a juncture to the hospitality industry. In order to leverage this opportunity a lot of real estate developers have also been investing into this business. (http://www.iloveindia.com/economy-of-india/hotel-industry.html, viewed on 28-dec-2010) However, with an increase in the tourism industry, IT, BPO segments, foreign travelers, affordable airline fares, etc, there has been a growth in the hospitality industry. Many other factors such as Commonwealth Games in Delhi have been fueling the need further. The middle class is becoming more opulent and the native Indian tourist travel has been growing rapidly, particularly in places such as Goa, Kerala and Rajasthan.( http://www.iloveindia.com/economy-of-india/hotel-industry.html ,viewed on 28-dec-2010) It was often said that a hotel must have a beautiful location and a succulent food in order to succeed. However, in todays competitive world, even an inconsequential mistake can prove to be jeopardous. The contribution in the information technology segment has also strengthened and so the growing hospitality industries have started looking for new areas to improve their work and efficiencies. The IT first came into start at an upfront desk where the receptionist would look for the names of the customer and then provide them with a room. In order to improve the operations, big hotels started setting accounting system and softwares for their back offices. As the chain of hotels started progressing in their process across the country, it was much required to look after their assets. This gave rise to the demand for a system to manage the property, which allowed hospitality groups to keep a track of their assets across different states. It was during the same period of time, that the big hospitality chains also felt the need for centralizing the system. This period saw chain of hotels being networked and then connected to a central server. Just like the Taj Group of Hotels have linked a WAN thats named Taj Net, which connects the groups of 55 properties across India, Nepal and Sri Lanka. There are many advantages in having a centralized system. As the Hotel industries has been dependant on Travel and Tourism industry to a great extent, the combination of this travel and tourism has also helped in building up hospitality industry. (www.expresshospitality.com viewed on 03-Jan -2011) RECIPIENT FOR THE RESEARCH WORK The recipient for this research work would be: The key recipient Myself My research adviser Top Hotels/ Resto- Bars in India and their Managers The Customers of Hotels RESEARCH SUITABILITY The topic that I have chosen for research relates to me very well. In the present day scenario, the global market trend sights that the survival of the fittest companies are competing with each other and the quality and service that these companies provide are the key concept for any companies growth. My research is focused much towards the support and service that is provided after occupying the hotel room and for any organization it would be a basic foundation concept to satisfy their customers and understand the need of their customers. As we can see many of the leading MNCs are paving their path to countries, which could provide them with services with better quality. LITERATURE REVIEW The hospitality industry is one of the largest employers in most of the countries with being geographically dispersed in different sectors. The globalization of the industry has advanced under the influence of the advances in technology, transportation and communication, deregulation and elimination of political barriers as well as thriving competition in the global economy (Clarke and Chen, International Hospitality Management ,w. 2007). The hotel as a whole is basically a mix of five characteristics: its location, its mix of facilities, its image, the services that it provides and the price it charges (Holloway and Neil Taylor, 2006, Pg. 2003). As said by Amadeus, the global hotel industry is driven by globalization, new Technology and a new breed of customers. The hospitality industry, which has been with unparalleled opportunity, is undergoing a period of extraordinary transformation. A report accredited by the Amadeus group to learn about the hotel industry, recommended that the hospitality industry stand to face major difficulties from the emerging new technologies such as bookings through tele or mobile phones and from the online social networking sites. Guests can now easily exchange views about what they think of the hotels through social networking. Quality is now given more priority than before. Hotels are under threat to deliver the highest standards of excellence as the knowledge and level of exposure of travelers has increased. The hotels have been awaiting to modify their technology and communication systems as mobile booking has expected to become a very common practice.(HayHurst,2008). In recent years, the organizations in the hospitality industry are undergoing a great deal of distract as due to the pressure of globalization, the competitive forces within their businesses have been modified. Therefore, in order to survive, most companies have realized that they must frame a competitive advantage by relying on their employees to improve the quality of delivery (George Bohlander, Scott Snell, 2009 Business Economics) Hoteliers are now able to identify the value of risk taking, novelty, and the intense search for opportunities as primary drivers of growth and value creation (Jogaratnam G., Vol. 18 No. 6, 2006). In addition, there has been an increase in the usage of technology as a mode of making online reservations through several distribution channels. These channels can be interpreted as an organized and serviced system that is paid for, out of the marketing budget and is used to provide an access to the customers, who are away from the location of production and consumption (Middleton and Clark, Marketing in Travel and Tourism, 2001). Usually in India, customers would make a reservation by either directly approaching the hotel or by booking through a travel agent. However, now the electronic distribution channels like the Global Distribution System (GDS) and the internet have been steadily gaining popularity. (Dabas and Manakt., Vol. 19 No. 5, 2007). Because of the perishable nature of the inventories, its very crucial for the hotel to have an economical distribution. (OConnor ,Vol. 4. pg 1-15, 2002). RESEARCH METHODOLOGY Every research methodology includes a research design which may be defined as the set of conditions organized hypothetically for the collection and analysis of data that aims to integrate relevance to the research process with economy in procedure Research Problem: Understanding the development in hospitality industry along with the current trends and, how the companies have been affected the need for their consumers as well as their perception. Research Question: The changing trends of the Hospitality Industry in India Research Objectives: 1. The performance of Hospitality industry in India. 2. How has the trend transformed in the past few years. 3. Analysing the demand and supply of accommodation and growing prices in different Indian hospitality industry? 4. How has the perception about the restaurants/hotels and bars changed in the minds of consumers? 5. Who are the chief players in the Indian market as well as the ones that have branched outside India? Approach: Since there is no relationship between the Hospitality Industry and the conclusion, the research would be fully prelusive so that the conclusion, which is being analysed using different methods of survey and study, would support the research. Strategy: The strategy that will be followed for the research work will be Surveys. Surveys will be taken from either the Hotels or Resto-Bars in India and also from the customers of different hospitality segments. DATA COLLECTION My data collection processes for this research would consist of series of procedures, which would be further branched into primary and secondary data collection. PRIMARY DATA COLLECTION The main processes that I would be relying on while using my primary data collection would be through questionnaire based on the information, that will be done by personally meeting the customers and by sending them posts and by meeting the staff of the hotel in person. The questionnaire I would be working on, would be divided in a way that would be most efficient in handling them and by keeping the time factor into consideration, the most applicable system would be applied to the best suitable group. While applying a wrong process in gathering information would result in delaying the whole operation. The research topic requires a Qualitative method to evaluate the findings aimed for. A well framed questionnaire will be given in person. The appropriate tool for my research proposal would be a type of a survey, because the best way to obtain the required data , in order to find answers for my research questions ,would be asking a set of questions. Every methods of data collection have its own advantages as well as disadvantages. For example: Internet survey: Survey done through e-mails and file sharing. The advantages of Internet as a mode of survey are: 1. Survey can be set up faster. 2. Survey results are faster. 3. Response can be administered by allowing pre and post questions. 4. The skip-pattern questions can be used to eliminate interviewer error. 5. Respondent can answer at their own convenience. 6. Cost of interview in minimal. Although, Internet survey has many advantages, it might not be the most appropriate method of surveying for this dissertation. The reason behind this is the anonymity of the web, which makes any type of affirmation difficult, if not impossible. Postal Questionnaire is yet another type of survey which has the following advantages and disadvantages : Advantages Their costs are relatively low. Data can be obtained from large sample areas. Can avoid interview bias. Privacy settings can be enhanced for the respondents. Rating scales can be flexible. Disadvantages Poor response rates. Respondents may misinterpret questions. The intended person may not be the one who completed questionnaire. The relative nature of the questions to be posted is supposed to have confidential information, has made me to decide that postal questionnaire might be the most appropriate form for collecting information. The methods for data collection range from the simple use of postal questionnaire to face-to-face interviews, where an interviewer uses tape recorder and note taking as their tools for collecting information. Few of the methods are expensive but they surely guarantee a good response rate, while others being cheap to administer but are most likely to produce a poor response (Les Oakshott, 2001) SECONDARY DATA COLLECTION: The secondary data are the type of data that are made by others for their own purposes. The secondary data for my research proposal would be gathered from the companies own data archives and from their annual financial reports. In addition, the findings of former research studies on outsourcing an accounting process would give an ample amount of historical data or decision-making patterns. I would also be using Internet to get some more information about the industry and use journals for getting instruction from the past researches on this topic. TOOLS FOR DATA ANALYSIS The data collected from the questionnaire would be analyzed through the SPSS text analysis. Different mode of SPSS analysis will be used in analyzing the data from the questionnaire. RESEARCH : NEW AND RELEVANT? Lately this topic has been quiet popular , with a boom in the hospitality industry there have been a lot of researcher working on this topic in order to understand the needs and behaviour of the people, so that they could suggest steps to improve and help grow the industry. The topic for this research is also a hot subject as the tourism industry is also connected with the hospitality industry and the tourism industry has progressed alot.

Lord of the Flies :: essays research papers

Often in our lives other people affect us in both negative and positive ways. In the case of Lord of the Flies, the kids influence one another while on the island, in mostly negative ways. These influences cause for mental changes in the brain. Most of the time, mental changes affect physical changes. However, in some rare occasions it is the other way around. While on the island the boys go through numerous physical and mental changes. Although mental changes are somewhat more significant than physical changes, physical changes are still very much apparent and can sometimes cause for mental change.   Ã‚  Ã‚  Ã‚  Ã‚  Crashing onto the island, the kids have immaculate, clean faces due to the fact that they attend a Catholic school which, incidentally, enforces a school uniform code. As time progresses, some of the kids, particularly the choir boys, dirty their faces because of their hunting adventures. As seen on page 69, â€Å"Jack, his face smeared with clays, reached the top first and hailed Ralph excitedly, with lifted spear.† After dirtying their faces, the choir boys proceed to paint them. Page 74 mentions, â€Å"I painted my face—I stole up.† In the beginning the face painting is only something they do for fun. However, near the end of the story it becomes so bad that Ralph cannot even recognize who was standing in front of him. On page 195, â€Å"A smallish savage was standing between him and the rest of the forest, a savage striped red and white, and carrying a spear.† It can be seen by this quote that the face painting becomes a mask of evi l over the choir boys’ faces. Nevertheless, besides their faces, there is a smaller, more inconspicuous physical change, hair.   Ã‚  Ã‚  Ã‚  Ã‚  Their hair is manageable and of appropriate length when they arrive on the island. As time passes, they develop more animal-like characteristics as their hair becomes long and tangled. On page 64, â€Å"His fair hair was plastered over his eyebrows and he pushed it back.† However, Piggy did not experience a significant change in length of hair; it can be inferred that this was meant to symbolize his difference from all the other boys not just in hair length, but also intellectually. On page 64 it states, â€Å"The rest were shock headed, but Piggy’s hair still lay in wisps over hi head as though baldness were his natural state and this imperfect covering would soon go, like velvet on a young stag’s antlers.