Baker Hughes (BH) Organization

Questions: 1. Assess the interrelationship between the various procedures and elements of an association .2. Legitimize the philosophy to be utilized to outline to the associations objectives and destinations .3. Assess the yield of the procedure and the quality portals .4. Structure frameworks to oversee and screen quality measures determined by the organisation.5. Show a quality culture to guarantee ceaseless observing, assessment and improvement of the process.6. Suggest enhancements which line up with the associations targets and objectives and which result in improvements.7. Talk about likely ramifications of your suggested changes for instance the effect on operational expenses, on assurance and inspiration, on consumer loyalty. Answers: 1. Dough puncher Hughes (BH) Organization is in the vitality division. It offers types of assistance identified with oil penetrating and counseling in the oil and gas area. The association is run viably right now. Be that as it may, there is some vulnerability going on right now because of its ongoing securing by the association Halliburton. In Baker Hughes, there exists solid interrelationship between the various procedures and associations of an association for instance, HR, Marketing, Purchasing, Quality, and Training and so forth. The Marketing or the Purchasing division for the most part takes the preparation before it really goes down in the field (Bettis, 2015). Any Purchase or acquirement exercises is firmly connected with Quality check of the item. The HR office conducts occasional trainings and examinations for the workers in order to keep them refreshed. This sort of between relationship encourages the association to develop in a smooth way. 2. The utilitarian, operational and the vital procedures inside the association are well planned by the pioneers inside the association. The pioneers at the organization attempt to concentrate on their center competency of penetrating help giving. They attempt to secure quality materials and help their demographic to experience penetrating systems. The qualities gave by the BH is being valued by the entirety of their customers. The guiding principle of the association is reexamined each quarter to keep it refreshed with the business measures (Becker, 2013). The useful procedures are rebuilt to keep up the quality inside the association. The Methodology centered is New and Renew. This can be clarified as presenting new strategies and improving the more seasoned techniques to recharge them in order to guarantee more noteworthy achievement of the association. 3. Quality Gateways is as such not yet been idea in BH. Be that as it may, the organization is a lot of severe in regards to the nature of all that they manage. It might be the HR they secure or the crude materials. The quality is given the most extreme need. The administrations with low quality is being rebuilt as and when required. They are managed genuinely and kept outside of eyes of any contender association or customers (Bozarth, 2015). After the quality is improved, at that point they become the piece of typical procedure stream. The association may think in accordance with that of Quality Gateways soon. They can experience certain vital change with the execution of best methodologies accessible in the market to provide food quality items and administrations to the customers. 4. Authoritative Performance should be improved year on year with the goal that the association makes progress. At BH, the administration centers around improving the acquirement office with the reconciliation with most recent innovation. The reserve funds in the obtainment stage gives significant advantages to the association. The obtainment of the crude materials goes about as tone of the significant expenses inside the association. The choice of providers additionally adds to the equivalent. ERP arrangement (SAP) is executed in order to screen the presentation of the considerable number of divisions and to create ongoing reports which can assist the administration with taking key choices (Carroll, 2014). The profitability is given significance and representatives are coordinated to move in the direction of the advancement in the division they work in. Crafted by singular offices need to work in a coordinated way in order to guarantee increment in association execution at the large scale level. 5. The administration of the association is steady to the new changes being proposed by the representatives. They have given the representatives the freedom to think imaginative thoughts and present it before the administration. The conduct of the chiefs towards the workers is caring. It gives the representatives the necessary inspiration and encourages them in expanding their efficiency. The mentality of the representatives just as the chiefs are certain and all are moving in the direction of the improvement of the association (Jeston, 2014). The methodology of the supervisors is towards long haul point of view and they attempt to fabricate techniques which can assist the organization with achieving achievement in the more drawn out term. Every one of these methodologies help the organization to keep up the quality measures. The administration center towards the improvement of the representatives also in light of the fact that they are the base of the organization which tries sincer ely and encourages the organization to develop. 6. The association is at a stage where the fate of the association is a piece obscure. It is because of the securing of the organization by the significant association Halliburton. The organization are at present considering the fulfillment of the considerable number of customers and need to fulfill them with quality items and administrations. The suggestion to the organization is clutch the key workers and attempt to keep them spurred (Hill, 2014). The assets ought to be kept still in order to take into account future prerequisites. The individuals of the organization needs to try sincerely and demonstrate to the customers. The utilization of the ERP arrangement has been a significant advantage for the association. They should attempt to expand on their current arrangements and should attempt to get new innovation to encourage development. 7. The expansion in the IT Technology will push the organization to definitely screen every one of its specializations. The cost effect on the organization can be a piece in the current situation (Hitt, 2012). Be that as it may, there wont be any significant ramifications in view of these. The chiefs and the administrators will likewise find support with the IT advances as they will have the option to outline request and gracefully in a superior way. The organization will keep on working in the comparable way after the securing also. BH has certain drawn out systems which they goal to construct stage by stage after the securing totally happens (Slack, 2015). The money related effect on the BH with this IT improvement plans will be more from the outset however will deteriorate and support the companys operational execution positively. References Bettis, R.A., Ethiraj, S., Gambardella, A., Helfat, C. what's more, Mitchell, W., 2015. Making repeatable combined information in vital administration. Vital Management Journal. Becker, J., Kugeler, M. furthermore, Rosemann, M. eds., 2013. Procedure the executives: a guide for the plan of business forms. Springer Science Business Media. Bozarth, C.C. also, Handfield, R.B., 2015. Prologue to activities and gracefully chain the executives. Prentice Hall. Carroll, A. also, Buchholtz, A., 2014. Business and society: Ethics, supportability, and partner the executives. Nelson Education. Jeston, J. what's more, Nelis, J., 2014. Business process the board. Routledge. Slope, C., Jones, G. what's more, Schilling, M., 2014. Key administration: hypothesis: an incorporated methodology. Cengage Learning. Hitt, M., Ireland, R.D. what's more, Hoskisson, R., 2012. Key administration cases: seriousness and globalization. Cengage Learning. Slack, N., 2015. Tasks technique. John Wiley Sons, Ltd.

The Future Perfect Tense in Italian

The Future Perfect Tense in Italian â€Å"In two years, I will have learned Italian.† How would you express a sentence like that in Italian? You utilize a strained called il futuro anteriore, or the future ideal tense in English. You’ll notice that it seems to be like the il futuro semplice, the straightforward future tense, however has an additional option. Here’s what that sentence above will resemble: Fra due anni, sarã ² riuscito/a promotion imparare l’italiano. On the off chance that you’re acquainted with the future tense, you’ll notice the â€Å"sar㠲†, which is the principal individual conjugation of the action word â€Å"essere - to be†. Following, you’ll see another action word â€Å"riuscire - to prevail at/to be capable to† in a past participle structure. (On the off chance that you’re not certain a past participle is, investigate this article. It’s essentially simply the structure an action word changes to when you have to discuss something that occurred before. Different models you may perceive are â€Å"mangiato† for the action word â€Å"mangiare† and â€Å"vissuto† for the action word â€Å"vivere†.) I’ll give you a couple of models first and afterward we’ll separate how you can begin framing and utilizing the futuro anteriore. Esempi Alle sette avremo gi mangiato. - By seven well as of now have eaten.Noi avremo parlato al padre di Anna. - We will as of now have addressed Annas father.Marco non à ¨ venuto alla festa, sar stato molto impegnato. - Marco didn’t go to the gathering, he more likely than not been extremely occupied. When to Use It Regularly you’ll utilize this action word tense when you’re discussing an activity later on (like you having just eaten) before something different occurs (like it being 7 PM). You can likewise utilize it when you’re uncertain about something that’s occurring later on or that occurred before, similar to you imagining that the explanation Marco didn’t go to the gathering was on the grounds that he was occupied. For this situation, different words that you could use as opposed to framing the futuro anteriore would be â€Å"forse - maybe†, â€Å"magari - maybe† or â€Å"probabilmente - probably†. Step by step instructions to Form the Futuro Anteriore As you saw over, the futuro anteriore is made when you consolidate a future tense conjugation (like sarã ²) with a past participle (like riuscito), which makes it a compound tense. To be progressively explicit however (and simpler on you), there are just two action words that you can use later on tense conjugation spot, and they are the assistant action words avere or essere. Investigate the two tables underneath that show you the future tense conjugations for the action words â€Å"essere - to be† and â€Å"avere - to have†. Essere - To Be Sar - I will be Saremo - We will be Sarai - You will be Sarete - You all will be Sar - He/she/it will be Saranno - They will be Avere - To Have Avr - I will have Avremo - We will have Avrai - You will have Avrete - You all will have Avr - He/she/it will have Avranno - They will have How Do You Choose Between â€Å"Essere† and â€Å"Avere†?| When you’re choosing which helper action word to utilize either â€Å"essere† or â€Å"avere† you utilize a similar rationale as you would when you’re picking â€Å"essere† or â€Å"avere† with the passato prossimo tense. In this way, as a brisk update, reflexive action words, as sedersi - to sit oneself, and most action words that are identified with portability, as â€Å"andare - to go†, â€Å"uscire - to go out†, or â€Å"partire - to leave†, will be combined with â€Å"essere†. Most different action words, as â€Å"mangiare - to eat†, â€Å"usare - to use†, and â€Å"vedere - to look†, will be matched with â€Å"avere†. Andare - To Go Sar andato/a - I will have gone Saremo andati/e - We will have gone Sarai andato/a - You will have gone Sarete andati/e - You (all) will have gone Sar andato/a - He/she/it will have gone Saranno andati/e - They will have gone Mangiare - To Eat Avr mangiato - I will have eaten Avremo mangiato - We will have eaten Avrai mangiato - You will have eaten Avrete mangiato - You (all) will have eaten Avr mangiato - He/she/it will have eaten Avranno mangiato - They will have eaten Esempi Quando avrã ² finito questo piatto, verrã ² da te. - When I will have completed this dish, I will go to your place.Sarai stata felicissima quando hai ottenuto la promozione! - You more likely than not been/I envision you were upbeat when you got the promotion!Appena avrã ² guardato questo film, te lo darã ². - As soon as I have watched this film, I will offer it to you.Riuscirai a parlare l’italiano fluentemente quando avrai fatto molta pratica. - You will prevail at communicating in Italian fluidly when you will have rehearsed it a lot.Appena ci saremo sposati, compreremo una casa. - As soon as we are hitched, we will purchase a house.

How to Make LinkedIn Work for You

How to Make LinkedIn Work for You On July 30th, I was interviewed by the charismatic Pete Mockaitis of Awesome at Your Job on “Making LinkedIn Work for You.” We covered lots of ground, including Two keys to crafting an eye-grabbing LinkedIn profile Who needs a LinkedIn profile and who maybe doesn’t What to do to be both searchable and likable on LinkedIn How to make an impact with your LinkedIn Summary How to grow your LinkedIn network past 500 people quickly and responsibly The case for making recommendations I won’t spend a lot of time talking about this interview, because you can both listen to it and get a full transcript at this link: Making LinkedIn Work for You with Brenda Bernstein To view the transcript, scroll down to this section of the article and click on the + sign: Or listen here: document.createElement('audio'); https://theessayexpert.com/wp-content/uploads/2018/07/326_-_Making_LinkedIn_Work_for_You_with_Brenda_Bernstein.mp3 What I will say, because I want you to get all the goodies you can get from this podcast, is that I talk about everything from Big Bird and my Sesame Street failures to the lessons we can learn from bamboo trees. Oh and I talk about blenders. That’s a lot of Bs from Brenda Bernstein! I also threw a little neuroscience in there about how to create an impression before you even meet someone in person. And there’s more! I highly recommend listening to or reading this interview, even if you’ve listened to my podcasts before. The tidbits on my favorite things and life lessons are especially charming, if I do say so myself, plus you get to learn about how to make LinkedIn work for you!

F. Scott Fitzgerald s The Great Gatsby - 1408 Words

Maxim Sivolella The Great Gatsby Essay Symbolism In The Great Gatsby The Great Gatsby written in 1925 by American author F. Scott Fitzgerald follows a young man named Nick Carraway who has just moved to Long Island, New York. As the narrator of the novel, Nick recounts the summer he spent there in 1922 and the events that took place, especially his encounter with the young, rich, mysterious and extravagant Jay Gatsby. As Nick spends more time with Gatsby he learns that Gatsby has a romantically idealistic, yet unrealistic passion and infatuation for his beautiful cousin Daisy Buchanan. Widely regarded as Fitzgerald’s greatest work, the novel explores the ideas of blind idealism, excessive decadence and the moral decay of the 1920’s,†¦show more content†¦Eckleburg which are actually a pair of eyes painted on a billboard which hangs above the Valley of Ashes. They signify the eyes of god looking down and judging American society as it turns into an ethical and moral wasteland. The green light represents Gatsby’s idealistic hope for the future which can be associated as a parallel to the American dream. Just as Gatsby longs to recreate the past so do the American people who futilely attempt to relive a time where their dreams had value and when they could strive for a better future. The light is first mentioned early in the novel when Nick sees the figure of Gatsby reaching out across the bay towards the green, glowing light. For Gatsby, the light represents the future, a future where he and Daisy live together just like it was back in Louisville. Nick mentions that for Gatsby, â€Å"the dream must have seemed so close that he could hardly fail to grasp it.† However, in reality the green light represents the youthful joy of the past, like the green of a budding flower. Gatsby fails to recognize this as he desperately and blindly strives towards a single unobtainable goal, highlighted by the fact that when Nick tells him he can’t repeat the past he responds by stubbornly and naively sayin g, â€Å"Why of course you can.† This parallels the American dream as originally America was about individualism, the motto of hard work breeds success, and the pursuit of happiness. However easy money, moral decay,

Names and Nicknames for Residents of States

Its easy to see why someone who lives in New York State is called a New Yorker. And why a resident of California is a Californian. But what do people in Massachusetts call themselves? And where do Huskies and Nutmeggers live? In the first column of the table below, youll find the official names for residents of the 50 states according to The United States Government Printing Office Style Manual. The right-hand column contains alternative names and nicknames. Origins of Some Nicknames Its probably self-explanatory to think of why Colorado folks unofficially call themselves Highlanders or Alabama residents Bamers. But the name Hoosiers, in Indiana, didnt come from the basketball movie but actually a poem by John Finley about the state called The Hoosiers Nest, from 1830, where the term was originally spelled Hoosher. Nebraskans arent Huskers just because of the state university nickname of Cornhuskers for its sports teams but actually for the people who husked corn there by hand before the advent of machinery to automate the task.   Empire Staters, in New York, derive that nickname from the name of the state being the Empire State, a place of great wealth and resources, or an empire. Bay Staters of Massachusetts are proud of their definitive water inlets. Ohios Buckeye name is in reference to trees that once dominated the landscape there. Down Easters arent a serious type of winter storm; the term  was actually a maritime reference to a specific area of Maine coastline, begun in the late 1700s. Ships going from Boston to Maine in warmer months had a strong wind at their back while traveling east, so they were traveling downwind  and east, which became combined into the shortcut  down east. The term also became associated in general with New England, but Mainers are the ones who kept it for their own. Insults You dont actually want to call an Iowan an Iowegian to his or her face, though; its a pejorative term for the people from there (often used on the two-lane highways in Minnesota when drivers cant pass an Iowa car going less than the speed limit, for example). Whether the term Cheesehead is an insult to a Wisconsinite or not, though, depends on whos originating it (and possibly if its being said inside a football stadium). Wisconsin is particularly proud of its dairy industry, so people from there proudly wear the foam cheese wedge hats on their heads to their sports arenas—and quite conspicuously to other ballparks and fields when following their teams—turning a former insult into a badge of honor. Those hats have even saved people from injury a time or two. (Really!) For more information about the origins of more of these names, along with the terms for residents of other countries and of major cities around the world, check out Paul Dicksons entertaining book Labels for Locals: What to Call People from Abilene to Zimbabwe (Collins, 2006). State-Based Nicknames Official Names Nicknames Alternative Names Alabamian Alabaman, Alabamer, Bamer Alaskan Arizonan Arizonian Arkansan Arkansasian, Arkansawyer Californian Californiac Coloradan Coloradoan, Highlander Connecticuter Nutmegger Delawarean Delawearer Floridian Floridan Georgian Hawaiian malihini (newcomer) Idahoan Idahoer Illinoisan Illini, Illinoyer Indianian Hoosier, Indianan, Indianer Iowan Iowegian Kansan Kanser Kentuckian Kentucker, Kentuckeyite Louisianian Louisianan Mainer Down Easter Marylander Marylandian Massachusettsan Bay Stater Michiganite Michiganian, Michigander Minnesotan Mississippian Mississippier, Mississipper Missourian Montanan Nebraskan Husker Nevadan Nevadian New Hampshirite Granite Stater New Jerseyite New Jerseyan New Mexican New Yorker Empire Stater North Carolinian North Dakotan Ohioan Buckeye Oklahoman Okie Oregonian Oregonner Pennsylvanian Rhode Islander Rhodian South Carolinian South Dakotan Tennessean Texan Texian Utahn Utahan Vermonter Virginian Washingtonian Toner West Virginian Wisconsinite Cheesehead Wyomingite

Bachelor in business and management studies Free Essays

In this contemplation essay I will discourse my experience in working in-group, composing accomplishment and take notes skill, enchantress is truly touch my demands. To began with, my first work in group at UWIC that was at the beginning of term one, we informed by the leader of concern in context faculty that we have 20 % of entire appraisal will be a group presentation ( 15 -20 proceedingss ) , besides the subjects will be assigned in 3rd seminar ( Week 4-12 ) , and the presentation will get down from hebdomad 33 ( 14 March 2011 ) . That sound makes me exciting because I liked to work in-group, where I already have some cognition from my working in ministry of wellness, Sultanate Of Oman. We will write a custom essay sample on Bachelor in business and management studies or any similar topic only for you Order Now After that, during that term, the faculty coach, Andrea steel divided the category pupil to different groups.A Me, George Cliff, Laura Colligan, and Catherine Casey to be in one group called group E. Because of the group is assorted between male childs and misss, I though the group will be more active. Anyhow, this group must sit to garner during the seminars until the coach give us the subject of the presentation that we have to do.A Than, seminar after seminar, I shocked that no 1 came to that group except Laura, me, and sometimes Catherine attended. I discussed with Laura that we could n’t work without the remainder group. So, we decided to talk to our coach to see what can she make. The response from our coach was to believe about allotment us to anther groups and she would direct an e-mail inform us witch group that we will fall in. I became Sade because I will non work in that group. In the last hebdomad of the first term, precisely on 16/12/2010, I received an electronic mail sent to all pupils in the category for regeneration all groups.A Besides the subjects were given ( To what extent is leading different from direction? ) that is my group subject. Fortunately, there was no alteration in my group members ; besides the coach increased the squad members to be five instead than four.A William Gray has been joined the group ( Appendix 1 ) . Furthermore, there is a deadline that we must subject a transcript of the presentation on 04/03/2011. After Christmas interruption, in the 2nd term, we started the study.A As usual, most group squad did non go to the seminar group.A My co-worker Laura three to reach some members that we should run into to complete the work, but no Convincing reply. Day by twenty-four hours, Laura and me started to fix the presentation. That make me to work under presser, we had to complete the presentation before the deadline. AndA besides theA work will beA limited toA two. ThisA does notA accomplish theA goalA ofA the group ‘s work. But we do n’t hold option except complete our work, and me, her and possibly Catherine and George both will fall in us at the presentation twenty-four hours ( as Laura said ) . Differently we completed ( Laura and me ) the work and handed in I-zone on clip. It is truly bad experience to me to be in group non earnestly and did non take the duty of the work that we should did as a group. I agreed that the work finished by the clip, but non by two members merely from originally five members. The Surprising is, at the suggested twenty-four hours of the presentation, all group work met for the first clip. Indeed, that mad me disappointed from this group. As a group we should cognize the advantages of worki ng in-group and what we should achieved. At least, I should inform faculty Tutor about that but I did non make that due to Laure takes the duty of our work. She said ; she would wish to be the squad leader, so the squad leader must inform the module leader of any non active members in the squad as we informed antecedently. I am abashed that I did non took the duty to inform the faculty leader or the coach about what happened in this group from the beginning and left that to Laura. Because she is sympathetic with the members, she did non inform the specializer. As Burns and Sinfield ( 2003 ) concluded, â€Å" If you can non work with other people, you are improbable to be able to maintain a occupation † . I think the simple and really effectual scheme is to take my group with attention. Choose people who are as motivated, positive and hardworking. Consequently, I faced the job with my group since the group may non involvement to work in this group in peculiar. Besides some pupils may happen it hard to take part in a group. Group work offers many advantages to us as a pupil. One thing it offers an chance to portion the work load. It is easer to make some research in the presentation subject if I portion it out. Furthermore, it gives the opportunity to discourse things in-group and every one in the group will larn more if they had merely done something on their ain. Not merely this, it besides get to polish the personal and inter personal accomplishments if we learn to discourse thoughts and negotiate schemes with tact and diplomatic i n my group. Another advantages of group work is that a good group offers societal support that can interrupt down some of the isolation sometimes associated with being a pupil. Another accomplishment I would wish to discourse approximately in this essay is my writing manner. Trough the academic Year there is a figure of assignments I had to make. The coachs ‘ feedbacks indicate the betterment in my authorship. For illustration, in the Entrepreneurship and Enterprise faculty assignment feedback signifier was reference that, I am first-class in research and really good in construction presentation ( appendix 2 ) . That gives me the inducement to better my authorship for the following assignments. That is due to the techniques that I used within to better the quality of my response to the assignment undertaking. As Wallace ( 2004 ) and Longman and Atkinson ( 2005 ) Argues, the techniques are: Using definitions and illustrations: when composing it is frequently utile to specify cardinal footings in order to forestall confusion or misinterpretation. Generally, I can do clearly statement by giving an illustration. But I can non turn out anything by giving illustration. There may be counter-examples that I have ignored or overlooked. In my assignment I tried to utilize definitions and illustrations because I know it makes my position clearer, besides that gives indicate to reader of my points. Evidence, deduction and illation: when I want to back up my statement, I have to include some grounds. Because that implied the dependability of my authorship. Drafting and re-drafting: composing assignment non like composing an reply in an test, I likely have clip to compose my reply merely one time in test. Whereas composing an assignment is non timed. So, that able me to compose more than one bill of exchange. Re-drafting is painless when I used a word processer for my authorship ; it is greatly heighten the quality of my written work. Overall impact ( coherence and signposting ) : many first bill of exchanges suffer from non being consistent plenty and from being inadequately signposted. To avoid being in that state of affairs, I tried to accomplish much greater impact in my authorship by: Signpost the construction in a helpful manner. Make it clear to the reader ( hangs together ) Proofreading: its 2nd and concluding phase of re-drafting. I concerned to look into in inside informations for illustration, spelling, punctuation, pages numbered, spell-check, and whether grammar is right. Mentions: I ever make certain that all beginnings referred to in the listed of mentions. Furthermore, mentions must to be in the right alphabetical order, displayed in the appropriate manner, and besides complete in that they contain all the required beginning information. Writer ‘s family name is most of import for alphabetical ordination. Writing really assist me to develop creativeness and contribute to my ability to analyse chief thoughts and reflect in my authorship. I will concentrate in reading more books because that will supply me with the cognition of composing different manners such as studies or thesis. Taking note is another of import factor that contribute to the success of pupils in their academic old ages. That is one of my failings since the beginning of the academic twelvemonth. I ne’er take the important of taking note during the talks or seminars. I face job when I performed the economic test in the managing markets module in 2nd term, because I had non take the duty of the of import of note pickings. Notes serve several intents. First, some talk information might non be in the text or press releases, so I need to enter this information for future mention. Second, the information emphasized in a talk frequently signals what will be on test, and that ‘s ground adequate for taking notes. Third, category notes serve as a agency of external storage. As I am a busy pupil, I can non retrieve every thing I hear accurately. Therefore, notes serve as alternate signifier of memory ( Longman A ; Atkinson 2005 ) . Note taking AIDSs callback in several ways. First, note pickings is a multisensory activity that requires more attempt than mere hearing does. This extra attempt additions my acquisition and provides extra ways for me to hive away, and subsequently recover, information. Because I do n’t hold clip to compose of all time thing that ‘s said by lector, I have to be selective. This selectivity helps me to be attending to the information. Given that I have already made some witting determinations about the importance of the information, I am more likely to retrieve it. Finally, as I am taking notes, my paraphrasis, form, and understand information to link this new information to my background. Therefore, integrate new thoughts more to the full and remember them more efficaciously ( Longman A ; Atkinson 2005 ) . There is no individual right manner to take notes. Some note taking schemes my will assist to better this accomplishment. For illustration, symbols, layout, highlighting, circling on paper, abbreviation, underlining, and usage of capital letters. Besides I need to day of the month each twenty-four hours notes because this provides mention point if I need to compare my notes with person. Furthermore, I have to reexamine my notes every bit shortly as possible after taking them. That allowed me to accomplish more so pupils who do n’t reexamine notes. ( Wallace 2004 ) A ; ( Longman A ; Atkinson 2005 ) . How to cite Bachelor in business and management studies, Essay examples

Report on Management Accounting

Question: The report gives an overview financial performance of two companies, namely The Pearl Company and Gulfa Mineral Water Company. Answer: Introduction The report gives an overview financial performance of two companies, namely The Pearl Company and Gulfa Mineral Water Company. The analysis of the financial performance is based on the findings of several ratios. The first part of the report shows the statement of cash flows of the Pearl Company. It also states the free cash flow which is available with the company at the end of 2015. The latter part of the report shows the financial analysis based on the various types of liquidity ratios and earning test ratios. Some of the important concepts for the rationale of comparing the ratios include computation of the financial ratios such as current ratio, quick ratio and interest coverage ratio. The report also highlights the important changes in the net income for the year 2014 in compare to 2013. The reason for this change has also been shown. Part 1 The statement of cash flows for the year 31st December 2015 has been illustrated below as follows: In the Books of Pearl Company Statement of Cash Flows as on 31st December,2015 Particulars Amount Amount (AED in millions) (AED in millions) Cash Flow from Operational Activity : Net Income 150 Add : Depreciation on Assets Balance on 2015 654 Balance on 2014 561 93 Less : Gain on Sale of Equipments -3 Increase in Current Assets : Closing Balance -1314 Opening Balance -1220 -94 Increase in Current Liabilities: Closing Balance 2015 532 Opening Balance 2014 481 51 Net Cash Inflow from Operational Activities 197 Cash Flow from Investing Activity: Net Purchase of Property, Plant Equipment : Closing Balance of Long Term Assets 2015 -1517 Opening Balance of Long Term Assets 2014 -1394 -123 Net Cash Outflow from Investing Activities -123 Cash Flow from Financing Activity: Cash flow from Debt Financing: Closing Balance of Long Term Liabilities 2015 1011 Opening Balance of Long Term Liabilities 2014 1001 10 Cash flow from Equity Financing: Closing Balance of Share Capital 2015 157 Opening Balance of Share Capital 2014 155 2 Dividend Paid (Balancing Amount) -24 Net Cash Inflow from Financing Activities -12 Net Cash Inflow Increase in the Current Year 62 Add : Opening Balance of Cash Cash Equivalent 29 Closing Balance of Cash Cash Equivalent 91 From the above prepared cash flow statement it can be seen that the first component calculated from the cash flow statement is net cash inflow from the operational activities. In order to compute this value the net income of the company has been considered and the changes in the depreciation in the in the value of assets is added along with it. The balance in the year 2015 was observed as 654 in the year 2015 and 561 in the year 2014. This shows a change of AED 93 million. Several other overheads such as gain on sale of equipments, increase in the value of current assets (both opening and closing) is subtracted from the net income value of the company. The Pearl Company has shown an increase in the opening balance of the current liabilities which was AED 532 million in the year 2015 to AED 481 million this is projected with an increase of AED 51 million in the cash flow statement. After performing all the necessary calculations based on the given data it has been observed that the ne t cash inflow from the operational activities is AED 197 million. (Larkin 2013). The second most important aspect in preparing the cash flow statement is computation of net cash outflow from the investing activities. In order to calculate this value the difference in the opening and closing balance in the opening and closing balance Net Purchase of Property, Plant Equipment for both 2015 and 2015 has been taken into consideration. It can be clearly observed from the given statement that the Closing Balance of Long Term Assets in the year 2015 was (1517) and Opening Balance of Long Term Assets in the year 2014 was (1394). Hence the difference of these two values which is AED (123) million is considered as the net cash outflow from the investing activities. (DimitrijeviĆ¡ 2015). In order to calculate the free cash flow available with the company the cash flow statement clearly shows the calculation of Net Cash Inflow from Financing Activities and Net Cash Inflow Increase in the Current Year. The calculation of the former value is based on cash flow from debt financing. In order to calculate this value the difference between the Closing Balance of Long Term Liabilities for the year 2015 and Opening Balance of Long Term Liabilities for the year 2014 has been taken into consideration. The respective difference of the values was observed as AED 10 million. This value has been further added with the net cash flow from the equity financing value. The closing balance of the share capital has been obtained as 157 in the year 2015 and 155 in the year 2014. This shows a difference of AED 2 million. The dividend paid amount is further subtracted as the balancing amount. Hence the Net Cash Inflow from Financing Activities has been calculated as AED (12) million (Barua a nd Saha 2015). For the purpose of calculating Net Cash Inflow Increase in the Current Year we need to use the following formula Net Cash Inflow Increase = Net Cash Inflow from Operational Activities + Net Cash Outflow from Investing Activities + Net Cash Inflow from Financing Activities = 197-123-12 = AED 62 million. In order to calculate the free cash flow amount available with the company we need to add Opening Balance of Cash Cash Equivalent. The value has been given as AED 29 million. Thus the Closing Balance of Cash Cash Equivalent is AED 91 million. Free cash available with the company = Increase in net cash inflow + Opening Balance of Cash Cash Equivalent = 62+29 = AED 91 million. (Farshadfar and Monem 2013). Part 2 The net income of the company on 2014 was observed as AED 6414305 and AED 4700594 in the year 2013. This shows an increase by 36.47% in the net income of the Gulf Mineral Water Company. This increase shows that the company was able to generate more sales in the year 2014 than in the year 2013. This is clearly stated by the increase in the revenue of the company. According to the given balance sheet data the sales in the year 2013 was AED 51485387 and it further increased to AED 62381921. Although the company had to bear higher amount of cost of sales the gross profit was also higher. This is the reason for higher net profit of the company in the year 2014. Workings: AED 6414305 - AED 4700594 = AED 1713711 Percentage change in net income = 1713711 /4700594 = 0.3647 = 36.47% The percentage of cost of sales is calculated on the basis total sales amount. It can be observed from the balance sheet of 2014 that the total sales amount on December 2014 has been AED 62381921 and cost of sales was AED 40642329. The percentage of cost of sales is observed as 65.15 % Workings: (40642329/62381921) x 100 = 65.15% (Brigham and Ehrhardt 2013) The rate of return on average assets (ROAA) is used to determine the profitability of a firms total amount of asset. This rate is often paid emphasis by financial institutions and banks and used to measure the financial performance of a company. It also states the ability of a company to use the available assets efficiently in compare to other industries. In the given balance sheet of Pearl Company, the total average asset for the year 2015 is given as 2177 and 2053 for the year 2014. In order to calculate the rate of return on average assets (ROAA) we need to divide the current years average assets with previous years average assets (Needles et al. 2013). Workings: ROAA = (2177 / 2053) = 1.06 % The rate of return on average shareholders equity is calculated on the basis of net income and shareholders equity. This particular tool is used to reveal the amount of net income return in terms of the total percentage of the value of shareholders equity fund (Beatty and Liao 2014). The net income of the company is observed as AED 6414305. The share holders equity of the company is observed as AED 51189197 for the year 2014. The rate of return on shareholders holders equity is calculated by dividing net income of the company by shareholders equity. The increase in the rate of return from the year 2013 to 2014 shows a positive increase from 2013 to 2014. The workings are shown below as follows. Workings: 2014 6414305/ 51189197 = .125 2013 4700594/44774892 = 0.104 The calculation current ratio, quick ratio and no. of times interest coverage is shown below as follows: Current Ratio In order to calculate the value of current ratio we use Current Ratio = Current Assets/ Current Liability 2014 2015 Current Assets = 1220 Current Liabilities = 481 Current Ratio = 1220/481 = 2.53 Current Assets = 1314 Current Liabilities = 532 Current Ratio = 1314/532 = 2.46 The decrease in the amount of current ratio in the year from 2014 to 2015 shows that the company is having lesser source of liquid flow of money. These sources of liquid money are generated from cash, cash equivalent, short-term investments, Accounts receivable, inventory and other assets. The computation of total current liability is based on liabilities share holders equity, accounts payable, accrued liabilities, and accounts payable to the company. The calculation current liabilities also include accounts payable. (Brigham and Daves 2012). Quick Ratio The quick ratio is calculated for the purpose of evaluating companys short term liquidity, and various obligations related to meet the short term liquid assets. This ratio is often referred as acid test ratio. It can be calculated by using two methods. In order to determine the quick ratio we need to consider the following formula: Quick Ratio = (Current Assets Inventory Prepaid Expenses)/ Current Liabilities Bank Overdraft* Note (*) Bank overdraft is generally excluded if the amount is payable on demand. 2014 2015 Current Assets = 1220 Inventory = 527 Current Liabilities = 481 Quick Ratio = (1220-527)/481 = 1.44 Current Assets = 1314 Inventory = 574 Current Liabilities = 532 Quick Ratio = (1314-574)/532 = 1.39 Similarly another method for the purpose of calculating the quick ratio is Quick Ratio = (Cash and equivalents +marketable securities+ accounts receivable) / current liabilities able width="638" 2014 2015 Cash and equivalents = 29 Accounts receivable = 600 Current Liabilities = 481 Quick Ratio = (29+ 600)/481 = 1.30 Cash and equivalents = 91 Accounts receivable = 605 Current Liabilities = 532 Quick Ratio = (91+ 605)/ 532 = 1.29 The interest coverage ratio of the company is calculated in order to determine the easiness the pay off the interest amount on the total outstanding debt of the company. The calculation is based on dividing the earnings before interest and tax with the interest expenses. Hence the formula used to calculate the interest coverage ratio is: Interest Coverage Ratio = Earnings before Interest and Tax (EBIT)/ Interest Expense Earnings before Interest and Tax = 231 Interest Expenses = 91 Interest Coverage Ratio = 231/91 = 2.5 times It is preferable for a company to maintain the interest coverage ratio more than 1.5. In this case we can clearly see that the company has been able to maintain the ratio 2.5 times, hence it can easily payoff the interest amount on the outstanding debt of the company. (Heikal et al. 2014). Based on the interest coverage ratio and other financial indicators for assessing companys performance such as current ratio and acid test ratio it can be stated that the company does not have the potential to the meet its long term debts. Although the ideal ratio for maintaining the interest coverage ratio is 1 times more than the standard ratio which is 1.5, the bank cannot finance the company to meet its long term obligations. It can be observed from the comparative balance sheet that Pearl company has been incapable of meeting the long term bank loan of the company which was AED 200 million in the year 2014 and same as AED 200 in the year 2015, this illustrates that the company has been to unable to pay off its long term loan and the total loan amount payable remained the same. (Iyer et al. 2014). Moreover it has been observed that the financial ratios are in the increasing trend, this shows the improvement trend of the company in terms of financial performance. It can be clearly seen that the current ratio of the company has decreased from 2.53 to 2.46 in the year 2015; this states the decrease in the firms liquid asset to pay off its liabilities. The acid test ratio also gives the projections about the inability of the company to meet its short term liquidity obligations has made an questioning impact on whether it will be able to meet the bank loan. In case of severe financial crunch, the company can look forward to incest its some portion of capital in the Government bonds, at a risk free rate as it will be the safest option for the company to exercise. The decision to invest in the shares of the company is dependent on average rate of return on shareholders holders equity. The share holders equity of the company for the year 2014 is observed as AED 51189197. The rate of return on shareholders holders equity is calculated by dividing net income of the company by shareholders equity. The increase in the rate of return from the year 2013 to 2014 has depicted an increasing trend and hence an investor may look forward to invest in the share of Pearl Company. Moreover from the data given in comparable balance sheet it can seen that the share capital in the year 2015 was AED 157 millions and AED 155 million in the year 2014, this shows an increment in the share capital of the company by AED 3 million. Hence from an investors point of view, it will be lucrative to invest in the shares of the Pearl Company. Conclusion The report shows the import aspects of the cash flow statement of the company by clearly stating the cash flow from operational activities, Cash Flow from Investing Activity, Cash Flow from Financing Activity and Net Cash Inflow Increase in the Current Year. The main objective of preparation of the cash flow statement was to compute the value of Closing Balance of Cash Cash Equivalent, which was observed as AED 91 million. The latter portion of the report clearly shows the declining situation of the company in terms of liquidly obligations and the ability to meet its long term debt. Despite of several financial downturns the shareholders have potential to gain from this company due to increasing return on shares and increasing share capital. Reference List Barua, S. and Saha, A.K., 2015. Traditional Ratios vs. Cash Flow based Ratios: Which One is Better Performance Indicator?. Advances in Economics and Business, 3(6), pp.232-251. Beatty, A. and Liao, S., 2014. Financial accounting in the banking industry: A review of the empirical literature. Journal of Accounting and Economics, 58(2), pp.339-383. Brigham, E.F. and Daves, P.R., 2012. Intermediate financial management. Nelson Education. Brigham, E.F. and Ehrhardt, M.C., 2013. Financial management: Theory practice. Cengage Learning. DimitrijeviĆ¡, D., 2015. The detection and prevention of manipulations in the balance sheet and the cash flow statement. Ekonomski horizonti, 17(2), pp.137-153. Farshadfar, S. and Monem, R., 2013. 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