Common assessment Essay Example | Topics and Well Written Essays - 1250 words - 1

Common assessment - Essay Example This report aims at discussing the accounting principles related to cost, revenue recognition and matching principles which are presented under GAAP (Epstein, Nach, & Bragg, 2009). Apart from this, the report also includes how Dell Incorporation, a public company in the US, applies these accounting principles in the preparation and presentation of its financial statements and how recent changes in the accounting principles have affected company’s financial reporting. Moreover, a brief review of assertions related to internal controls of Dell Incorporation has also been provided in the report. Under U.S. GAAP, accounting principles related to cost, or more specifically â€Å"historical cost†, include requirements for business entities for accounting for and reporting their assets on the basis of costs for acquiring them. In other words, cost recognition and reporting on fair market value is not allowed for majority of assets and liabilities under US GAAP. In this way, the information provided by such accounting treatment is more reliable due to its objective nature. This condition for reporting assets in the balance sheet on historical costs is also applicable even if there are major changes in the value of an asset with the passage of time. However, making use of historical cost is not appropriate in every case and therefore use of fair value is permitted in certain cases. As for instance, corporate entities are allowed to use fair values of marketable securities while reporting their values in their respective balance sheets (Epstein, Nach, & Bragg, 2009). Revenue recognition is an accounting principle, which determines the requirements which are to be fulfilled before any amount in lieu of revenue can be recognized by a business concern (Epstein, Nach, & Bragg, 2009). As far as revenue recognition under U.S. GAAP is concerned, corporate entities are required to recognize revenues

Cultural Diversity and a Crucial Aspect of the Contemporary World Research Paper

Cultural Diversity and a Crucial Aspect of the Contemporary World - Research Paper Example History has taken diverse and dynamic turns over time, leading to the realization of civilized states. After slavery times and embracement of human rights and freedoms, little is openly known about societies that have kept their customs and traditions. The living traditions in the 21st Century became the aiding factors in making my decision. While my decision appears abstract to friends and family, cultural diversity remains to be a rich source of cultural information. Even in the United States, Native Americans still hold to their historical customs and traditions, yet only a few Americans can tell who exactly is a Native American. On the same note, Chinese, Italians, Mexicans among other communities live in the United States and continue to observe their homeland cultures. Moreover, immigration has led to massive movement and interaction of international communities across local, regional and international borders. While has become a persistent practice, little is accounted for the underlying diversity. In this regard, deciding to embrace cultural diversity, and further dedicate my time and personality to learning more about other cultures and communities was an important decision in my life. This decision has basically taken an interest that most people do not, placing me at a better position to understand cultural differentials and the underlying diversity. My decision to embrace cultural diversity in terms of culture, race and ethnicity has further aided my understanding of cultural behaviours exhibited across borders. Customs, traditions and beliefs vary, and so are the views, opinions and reactions of people in these different cultures.

The effects of globalization of the labor market Essay

The effects of globalization of the labor market - Essay Example With Globalization being such a used function of the world’s economic market, there was and is an effect on the labor market. The definition of globalization is highly contentious among professionals in the field of economics and business. Globalization is a term for the process of international integration brought upon by interconnectivity of cultural aspects.1 Cultural aspects can be further defined as technology, religion, infrastructure, and manufacturing processes. There are many types of globalization; increased internet activity, international cell phones, and aviation. Labor Market is a term that will be used that means the interaction between the workers and the employers. With globalization this could mean workers in one location and employers in another. This is an important topic to discuss as globalization of the labor market has increased the living wage of many countries and is the only income that some developing countries acquire. There are many good aspects o f globalization that increases the health and education of many third world countries. However, there are aspects of globalization that have both positive and negative aspects. The globalization that most people think of the most is the usage of other countries to assist in the production or manufacturing of products for consumption or use. This is known by many currently as outsourcing. While outsourcing is not the only form of globalization, this is the one element that has become a hot topic politically due to the extent and negative elements. Outsourcing is a negative form of globalization to portions of the United States, while for others it is one of the best things that has occurred. Globalization does many things both negatively and positively to the labor market. It is an understanding of these benefits and consequences to determine if a select labor market will gain from becoming a part of the world market. What globalization can do for a developing country is to bring in technology, education, training, and science that were not previously available to the citizens. Depending on the industry brought in, an increase of available jobs and increased wages will also occur. Regardless of what occurs there will be new opportunities in many sectors for individuals otherwise not available due to education or geographical location. With every benefit comes a detriment or at least the possibility of a detriment. With regards to globalizations effect on the labor market many things could prove costly and negative. With an increase in skilled labor needs, there is a drastic decrease in unskilled or ordinary workers which could lead to an increase of foreign workers and increase unemployment among native employees.2 Another thing that technology does is decrease the overall work force needed to complete the same task. For countries with a large work force, this technology could prove highly costly to the labor market. Most employers of large industries that beli eve in globalization do not maintain a large presence in developing countries. What this means is that most of the money created by native workers is siphoned back to the employers native country, leaving the developing nation without resources to develop.3 If this market globalization comes at the heels of international grants of money or resources, the country that received the funds will have to go through a process of privatization which is highly

Risk in building house Research Paper Example | Topics and Well Written Essays - 500 words

Risk in building house - Research Paper Example This step will help in simplifying the complex process. This step is also very important and every potential risk must be made note of and it should be dealt with accordingly. There are several risks involved in building a house and one needs to be very cautious not to ignore any risks. This step will facilitate all the other steps and it will decrease the level of uncertainty. This step is one of the most important steps of all, the risks that have been made note of should be dealt with and the best way of dealing with these risks is to have backups or plan B. Plan B is very useful and it again brings down the level of risk. These steps are dependent and one cannot be completed without the support of the other, monitoring is another very important step and if this is not incorporated then the whole process may fail. Monitoring reduces the risks involved in building a house, after the process of planning is completed, it is essential to ensure that the steps decided must be incorporated and this is where monitoring and controlling comes into the picture. Maintaining a risk register is also important and all these steps should be followed when one decides to build a house in order to bring down the level of uncertainty involved in this complicated process. It is integral to divide this perplexing process into two namely Mitigation and contingency. When it comes to receiving the material for the house, it must be ensured that everything is received well before the deadline and a deadline of one week is set. As far as the mitigation is concerned, one must find another vendor should the primary vendor fail to provide the material required to build the house. The weather conditions is another aspect that requires great deal of attention, it must be checked beforehand and it must be made sure that the conditions are ideal for the workers to start the

Facebook Essay Example | Topics and Well Written Essays - 750 words - 4

Facebook - Essay Example All these will be discussed in detail below. After expanding from Harvard, it moved to the other Ivy League universities before receiving an investment from PayPal to expand its base in California. They further received investments from partners and individual entrepreneurs to expand and spread further than the US. Its growth attracted companies to start advertising in it, promoting themselves and ultimately attracting customers and this became the main source of revenue for facebook. Their registrations also increased and include people from 13 years of age. It currently has over a billion registered users and over 700 million active users (Kirkpatrick, 2011). It grew faster because social media was a fairly new thing and provided better and faster ways to communicate and share that other modes of communication. The fact that it fitted people of all age groups as well as reunited long lost friends was another reason for its expanded growth. Its growth was also facilitated by the fact that businesses got to advertise their products and services which meant that people could conduct businesses online and not even require directories to trace business premises. The continued digitalization of the world as when as the world becoming a global village increased the expansion arena for facebook into other countries other than the US alone. All is not roses for facebook however. It has received its fair share of risk factors the first one being censorship in several countries temporarily and some permanently. The worst of these affected areas include China and Egypt. This result in not only loss of its users but loss of revenues generated from the advertisements. The other risk factor is competition from other social media sites. The greatest competition comes from Google + which has been growing at a very fast rate and is currently at 500 million active users. There is

HRM Practice Essay Example | Topics and Well Written Essays - 1000 words

HRM Practice - Essay Example This kind of behavior not only posed a threat to the reputation of the company but the unregulated stream of affairs also affected the children in a negative way. Motivation theories state that different factors affect why people go to work and their performance and efficiency is determined by these factors. These could be fulfillment of physiological, security, relationship, self esteem or self actualization needs according to Abraham Maslows hierarchy of needs. Other motivational factors would include Expectancy, Instrumentality and Valence according to Victor Vrooms theory of motivation. Absence of these factors of motivation could easily lead to low performance and efficiency. Absenteeism would have been a problem if employees were assigned fixed days but since the job demanded a fixed number of hours therefore employees preferred to report to the institution but work with a lax attitude. The low performance levels at social service could also be directly linked to the job characteristic model. Workers should be enthusiastic about the job they perform. They should have a certain level of intrinsic motivation which is related to the skill variety, task identity and task significance. Feedback from a job and consequences and results of workers activity also result in work effectiveness. Absence of these would decrease performance. It could be clearly observed that most of the motivational factors were absent from the job. The workers or the employees were not receiving any direct monetary compensation from the job and were ignorant about its true purpose; the betterment of the society. Thus they could not relate to the real intention of the job. There was a pressure to attend but there was no regulator of the quality of work. There was absolutely no job related instrumentality of social work as there were no identifiable outcomes in form of promotions or

Eagle Scout App Essay Example for Free

Eagle Scout App Essay Attach to this application a statement of your ambitions and life purpose and a listing of positions held in your religious institution, school, camp, community, or other organizations during which you demonstrated leadership skills. Include honors and awards received during this service. All of my days on this planet, I have dreamed of being a professional musician. I’ve been taking piano lessons for about ten years now and I see it as the only route to satisfaction in my life. Teachers, fellow musicians, and professionals constantly stimulate this dire need to create for the rest of my life. I play drums, piano, guitar, xylophone, and I also strum the vocal chords. I plan to audition for Berkeley among many other music schools next year, but even if I don’t succeed in making the auditions, I still plan to continue writing and spreading music for the rest of my life. Scouting has helped me in this regard in many ways. Technically scouting doesn’t have a very significant connection to the arts, but it has shown me many other concepts that I’ve utilized in maintaining a self motivating and ever-evolving life. Scouting has first showed me that to gain an experience in the world, you must try new things, that might be out of your comfort zone. I’ve learned how to truly help other people along with gaining self confidence in the things I was doing. To explore, camp, and spend an extensive amount of time with a group of boys for over 10 years has also exposed to me to the comforts and discomforts of confinement. I’ve learned to cope a variety of situations, and it’s only rounded my understanding of human nature and my place in it.