CIPD Free Essays

Political discrepancy: as we are a company that has an agreement with Qatar government for the supply of natural gas, It Is Important to keep our good relation with the country to continue the business. New source of energy: Dolphin Energy is a company that supplies gas to the customers, in case of finding any applicable source of energy for gas that is less costly and has no impact to the environment, our company will shut down and loses its business. – Price changes: If the prices of the equipment used in the operation escalated, the price of our product will increase. We will write a custom essay sample on CIPD or any similar topic only for you Order Now – New competitor: another external factor that would affect the company is if there is a new company of gas Joining the market. Such competitors will affect our market price, It will have an effect on our manpower costs, people will compare the quality of the product produced, etc. 5- How the business is structured: Dolphin Energy has so many functions that plays Important role in the organization. Below, I will be explaining only four functions. Our company’s structure Is considered functional structure because It has similar connected actively that are grouped together in departments. Function Discretion Corporate Communications Dolphin’s corporate communications department handles all communication undertaken by the company to all its publics or stakeholders. Strategic and Corporate Planning It is responsible for all economic and corporate planning duties at Dolphin Energy. SHE It is responsible about the laity of the products, the health of the employees, the safety of the working area, and making sure they are taking good care for environmental issues. Human Resources They offer services to their employees in Talent Management, recruitment, policy, compensation, employee relation, training, and office management. O- Different functions working together: Dolphin Energy works with different departments very closely in order to make sure operation, the operation works closely with different departments to ensure they are meeting their objective. For example, operation works with human resources to circuit quality employees that have all the required qualifications skills that are needed for technical skills. Moreover, when an employee Joins the company, operation department will want their new Joiners to undertake some kind of trainings to enable them have the needed skills to operate in the field. Quality, health, safety and environment department as well works with other functions to reach their goals. SHE facilitates everything that is necessary in the operational area to ensure that the employees are working in a safe environment to minimize all the risks that might occur during the operation. SHE will also make sure that our equipments and machines do not harm the marine habitat and cause and eruption or pollution. Furthermore, SHE wants to educate the employees about some safety matters and they co pop with the training department to implement such trainings. 7- The culture of the organization and how it affects the operations: I believe Dolphin Energy has a mixture of task and power culture. It is considered a role culture because each employee is assigned to a particular role or Job; they have all their tasks and roles listed in their Job description. When we have everything pacified, it will help us know what each individual does and therefore no duplication in work. On the other hand, we can say that our organization is a task oriented culture as well. That is because Dolphin I-JAKE and Qatar work together in so many projects as a team to complete tasks for example, our training department in I-JAKE works with Star’s to reach the department’s goals and objective. The teams will be doing a specified task to complete it in a time and budget given. This mixed culture has a positive impact on the organization because it will get the most efficiency out of his effort through having everything with guidelines yet working in teams in common projects and assignments. Activity B: 1- Organization Strategy: The company’s strategy is to have an economic wealth as well as creating business prospects for I-JAKE nationals and ICC citizens for the future. Our company has clear vision and mission that is set which makes the employees well aware of where the company is heading and what is their future objective. Having the vision and mission clear will create order; therefore will help us in proportioning our tasks. 2- How does HER strategy supports the organization strategy? The HER does a lot of things that supports the organizations strategy. Starting from recruiting a competent employee to developing them. The HER work closely with other departments as one team to reach the organization’s strategy. Below is a list of some the things the HER does to support Dolphin Energy Objectives: HER Strategy Supporting Organization’s Objectives Recruitment HER uses the best ways to hire an employee. For example, we deal with hiring agents that would get us the best people in the market. Moreover, we hire people through referral programs where an existing employee refers someone who is capable to take the Job. As well, HER have internal posting for the employees who would recommend themselves to undertake the posted position. We use technology for the hiring process; candidates can now view all the open posts on our website to compensation team participates in researches, surveys and benchmarking with companies who similar to us so we are updated with the latest paying trends and we are competing with similar industries in the market. When the company does such things, it will retain current employees specially the high potential and talented ones. Retain Talent Management One thing TM is responsible for is induction sessions which the new Joiners undertake to familiarize them with the company’s departments and its work nature. This will help the employee adapt faster and work more effectively when working with different divisions. Different development plans for fresh graduate students and existing employees. Offering scholarships and sponsorship to educate our employees and make them update their skills and knowledge to achieve the company’s goals. Having high potential programs and succession planning which helps the employees get motivated and it will encourage them work harder to achieve the company’s strategy. – How can HER/LD professional support line managers and their staff? The HER and learning and Development support line managers in so many different ways. Some of these things are: – HER helps line managers in recruiting well qualified candidates to fill the vacant position. They do that through scanning C.V. and looking for candidates that has the skills required for the Job and then they do interviews and psychometric tests for them. When HER hires high talented people, it will help them accomplish work in efficient and effective way to meet the business goals. This way the HER will be eating the best talent out there in the market. – Learning and development helps the new Joiners have a brief orientation through all the departments in the company to give a good idea about the business and how each department operates. This will help the employees know everything about our business and help them work better with the division to achieve the goals of the company. – Having HER updates sessions that would help the HER employees and line managers know the latest updates that is happening in the HER which will help them understand how the process is and what HER services is offered. Offering best practices in Learning and development, which will encourage and motivate the employees to perform better. – Help line managers to achieve their KIP to achieve the organization objectives. Ensuring that the employees are working in a good working environment. 4- How does HER/LD contribute in the successful of an organization? To define success, first we need to know what things that makes the organization successful. Organizations have a lot of objectives each year, general objectives will be ambiguous, so one of the keys to success is to have a clear objectives. For example, avian clear mission, vi sion, strategy and goals clear and it should be known to everyone throughout the organization. Everything the organization does, for example, the policies and procedures that are written, he different types of programs we offer, the services we provide, etc are all clearly linked to the company’s objectives for being successful. Lurch mentioned, there are four ways to a successful organization strong relation with their internal clients and they act as a focal point for certain divisions. This can be done by having good relation with the senior management in order to align the HER strategy with the business objectives. Change Agent: is the team that participates in changing the management team and then communicate internally to everyone to ensure smoothness of the process and then gain their trust. Change agent will ensure that the employees are adapting to new changes. – Administration Expert: it acts in a professional in the way that it executes its Job and uses the organization resources in an efficient manner. – Employee Champion: it plays as a core of the HER. HER should represent the employees, look for their best interest and make sure that strategic initiatives are balanced. How to cite CIPD, Papers

Auditing and Assurance for Contemporary Accounting Research

Question: Discuss about theAuditing and Assurance for Contemporary Accounting Research. Answer: Calculation of planned materiality Calculation of equity Total assets 28,267,831.00 Interest bearing liabilities 7,758,750.00 Equity 20,509,081.00 Calculation of planning materiality base Base Amount Materiality levels Amount Profit for the year ended 2017 765,271.00 Expected profit for the year ended 2018 788,229.13 5% 39,411.46 Total assets 28,267,831.00 0.50% 141,339.16 Equity 20,509,081.00 1% 205,090.81 Justification of base chosen Profit before tax 5% of profit before tax has been chosen for materiality base as the profit for the last 2 years is stable, expected profit for next year is predictable and the size of the company is represented through the size of the profit. Further, combined omissions or misstatement lower than 5% of net profit before tax is presumed as immaterial (Legoria, Melendrez Reynolds, 2013). Total assets - combined omissions or misstatement lower than 5% of total assets are presumed as immaterial. Further, it is chosen as the materiality base as the assets are susceptible to theft, misstatement or misappropriation (Christensen, Glover Wood, 2013). Equity as equity is easy to audit and potential misstatement is lower therefore small amount like 1% is considered as tolerable misstatement to get large amount available for allocating the amount to other accounts those are costly and difficult to audit (Vls?noiu Buzenche, 2014). Risk assessment, identification of account balance and relevant assertion Revenue Revenue is highly susceptible to misstatement as the company has the pressure to meet the budget target. Further, it is very easy to misstate the revenue through counting the last years sale into current years sales (Eilifsen Messier 2014). It can be identified from the given financial information of the company that the revenue of the company has been increased from 32,812,543 to 33,708,353 over the years from 30th June 2016 to 30th June 2017. It shows 2.73% increase as compared to the previous year. To check the revenue that whether it has been misstated or not the auditor must check whether the sales have been made to the valid customers and whether the sales met the valid criteria for sales (Weygandt, Kimmel Kieso, 2015). The auditor shall also check whether the revenues were properly valued or has been made in arms length price and the sales have been properly classified under proper account. Relevant assertion for revenue will be occurrence for ensuring that the amount of sta ted revenue is correct and not overstated. Borrowing cost It can be identified from the given financial information that the borrowing cost of Crikey Computers Ltd has been increased from 398,579 to 637,725 over the years from 30th June 2016 to 30th June 2017. It shows significant 60% increase as compared to the previous year. The associated risk with the borrowing cost determination may be (1) the breach of the covenants demanding the classification of long-term debt into short term or (2) lack of financial statement disclosure or (3) wrong capitalization of the borrowing costs. Relevant assertion for situation (1) will be allocation and valuation, for (2) valuation and accuracy and for (3) completeness (Delen, Kuzey Uyar, 2013). Inventory Auditors use various analytical procedures for checking the inventory method of the company and confirm the balance with the financial records of the company as well s with the physical count. It can be identified from the given financial information that the inventory of Crikey Computers Ltd has been increased from 29,21,738 to 56,36,918 over the years from 30th June 2016 to 30th June 2017. It shows significant 92.93% increase as compared to the previous year. The associated risk with inventory determination may be (1) inventories have not been recorded at appropriate amount (2) possibility of manipulating the transactions related to closing inventory or (3) inventories may be obsolete or damaged. Relevant assertion for situation (1) will be existence for (2) obligations and rights and for (3) valuation. Comprehensive analysis of ratios Liquidity ratio Liquid ratio is the indicator for whether the current assets of the company are sufficient for meeting up the short-term obligation of the company after they become due. Current ratio, quick ratio, accounts receivable days and inventory turnover ratios are analysed to analyse the liquidity position of the company (Brigham Ehrhardt, 2013). If the current ratio and the quick ratio of the company for the last 2 years are taken into consideration it can be observed that both the ratios of the company for the year ended 2017 have been reduced as compared to the previous year. Inventory turnover of the company as well as the accounts receivable turnover ratio of the company has been reduced that is the company is taking more time to sell its inventory and receiving their account dues as compared to the previous year. Therefore, the overall liquidity position of the company is deteriorated. Hence, the company shall try to convert their long term assets into short term or pay off the liabil ities to improve the liquidity position (Ruhnke, Pronobis Michel, 2014). Solvency ratio It is the key metric for measuring the ability of the company to meet their long-term obligation. As part of the financial ratio the solvency ratio assist the managers to determine the survival of the company. The debt to equity ratio of the company over the years from 2016 to 2017 has been increased that states that the associated capital risk of the company and financial leverage of the company is increased (Palepu, Healy Peek, 2013). Further, the times interest earned of the company has been reduced from 4.2 times to 2.2 times. Therefore, the solvency position of the company has been deteriorated. Profitability ratios The profitability ratios state the profit earning capability of the company to earn incomes with regard to the assets in the balance sheet, operating cost, revenue and shareholders equity (Brochet, Jagolinzer Riedl, 2013). Though the gross profit of the company has been increased over the year, the net profit of the company has been reduced from 4% to 2% over the years from 2016 to 2017. Therefore, the company shall control the operating expenses, wherever possible. Conclusion and recommendation It has been concluded from the above figures that profit before tax, equity and total assets have been considered for planning the materiality base. Looking into the financial information of the company it has been identified that the revenue, borrowing cost and inventory of the company have been significantly increased as compared to the previous year. Further, looking into the ratios of the company it has been analysed that the the overall liquidity position of the company is deteriorated. Further, the debt to equity ratio of the company over the years from 2016 to 2017 has been increased and the times interest earned of the company have been reduced from 4.2 times to 2.2 times. Moreover, though the gross profit of the company has been increased over the year, the net profit of the company has been reduced from 4% to 2% over the years from 2016 to 2017. Hence, the company shall try to convert their long term assets into short term or pay off the liabilities to improve the liquidity position and control the operating expenses, wherever possible. Reference Brigham, E. F., Ehrhardt, M. C. (2013).Financial management: Theory practice. Cengage Learning. Brochet, F., Jagolinzer, A. D., Riedl, E. J. (2013). Mandatory IFRS adoption and financial statement comparability.Contemporary Accounting Research,30(4), 1373-1400. Christensen, B. E., Glover, S. M., Wood, D. A. (2013). Extreme estimation uncertainty and audit assurance.Current Issues in Auditing,7(1), P36-P42. Delen, D., Kuzey, C., Uyar, A. (2013). Measuring firm performance using financial ratios: A decision tree approach.Expert Systems with Applications,40(10), 3970-3983. Eilifsen, A., Messier Jr, W. F. (2014). Materiality guidance of the major public accounting firms.Auditing: A Journal of Practice Theory,34(2), 3-26. Legoria, J., Melendrez, K. D., Reynolds, J. K. (2013). Qualitative audit materiality and earnings management.Review of Accounting Studies,18(2), 414-442. Palepu, K. G., Healy, P. M., Peek, E. (2013).Business analysis and valuation: IFRS edition. Cengage Learning. Ruhnke, K., Pronobis, P., Michel, M. (2014). Audit materiality disclosures and credit lending decisions. Vls?noiu, D., Buzenche, S. (2014). Determining Audit Materiality in the Banking IndustryA Knowledge Based Approach.Procedia Economics and Finance,15, 935-942. Weygandt, J. J., Kimmel, P. D., Kieso, D. E. (2015).Financial managerial accounting. John Wiley Sons.

Jekyll And Hyde Essays - English-language Films, Films,

Jekyll And Hyde The duplicity of man is a key theme in the novel, The Strange Case Of Dr. Jekyll And Mr. Hyde. The separation of Jekyll into two beings, Jekyll and Hyde, is an allegory for humankind's conflicting forces of good and evil. These characters bring to life the inner struggle between the two powers of the soul. Jekyll portrays the good side of human nature in this narrative. He is the protagonist of the novel. Dr. Jekyll is an intelligent, tall, and dignified man of late middle age. The people who know him respect him. He is a wealthy man and lives in comfort in a good house with loyal servants. On the surface, he is the epitome of the Victorian gentleman. But he has a dark side, and he harbors secret passions. Jekyll is not supposed to represent pure good, rather, the whole of a person. The heights of virtue and the depths of vice are both extremes Jekyll possesses. From the start of the story, Jekyll is aware of this dual nature. Knowing this, he concocts a potion that will separate the two. These separate entities come in the form of Jekyll and Hyde. A stark contrast of the two beings is evident at the time of Jekylls first interaction with the potion. Jekyll, a big and pleasant looking man was transformed into Hyde, a man with distorted frame and ugly countenance. Hydes youth and small, distorted stature can be linked to the inactive malevolence within Jekyll. At first, Jekyll is in complete control of the appearance of Hyde, having him only appear when he so wills. At this point, the good is much stronger and has control over the evil. As the iniquity within Jekyll, begins to be exercised with more regularity, it becomes more potent. Jekyll loses contact first with his good side and then with his friends. The more he plays at being Hyde the more he is cut off from their good worth. With this newfound clout, Hyde begins to appear without Jekylls beckoning. This foreshadows that the evil of the human soul now begins to prevail over the once dominant good. The callous murder of Sir Danvers Carew provides the reader with a sense that malice has won complete control over merit. Jekyll is now faced with a question of morality. Should he let the evil reign, or should he quash the being he has created along with himself. It has become clear to Jekyll that he can no longer go on with this fa?ade, and inferences that Hyde will soon seize complete control. In an effort to stop this conquest from occurring, Jekyll decides that he will soon turn into Hyde for the last time, he declares his life over and that anything that happens after that point on will not happen to him, as Jekyll will be truly dead to the world. Therefore, it will be Hyde who will either have to face justice for the murder he has committed or find the courage to kill himself. At the end of the novel, it is Hydes body that was found void of any life. The triumph of good in The Strange Case Of Dr. Jekyll And Mr. Hyde, demonstrates that ultimately virtue is stronger and will reign over evil in the ongoing game of ones soul. English Essays

Ethics and same sex couples essays

Ethics and same sex couples essays Throughout history marriage has signified the legal union of two people. Though the definition of marriage has changed over time the goal has continued to stay the same. The challenge of deciding whether to change the definition and extend marriage to same sex couples is the current argument. On the one hand we have the principles of liberty, and equality, and the benefits of promoting monogamy for all. On the other hand we have only societal inertia, and those that would impose their religion on others. The definition of marriage is very different from person to person. Some believe that if procreation is not attainable in a marriage it is immoral. Some believe that marriage is a binding contract. Others believe that sexual fidelity is what makes up a lasting marriage. In the article Having Love Affairs, Richard Taylor argues that there are many ways in which a marriage can fail that have nothing to do with sexual intimacy or sexual fidelity. Even if a couple is completely sexually faithful to their partner, it can be just as perfidious to be emotionally distant, cold or dishonest. In the belief of procreation and marriage, which would also include that sex without procreation is immoral, birth control and infertile couples that wish to marry would therefore be immoral. Everyone marries for different reasons such as financial reasons, love, citizenship, companionship, or obligation. They may not be reasons that fall under the traditional ideals but still as long as they are of oppo site gender it doesn't matter what the reason. Conservatives argue that same sex marriage goes against natural law and the traditional ideals. By saying it is unnatural the opposition is saying that it is not normal or the way we were born to be, that it goes against the laws of nature, and implying that it is therefore immoral. Natural law has a long history, and it has meant different things in different times, and in different contexts. When Thom...

Porter's competitive advantage of nations, cluster and the new Term Paper

Porter's competitive advantage of nations, cluster and the new economics of competition - Term Paper Example Despite this, the country has a lot of unskilled employees and with good strategic planning, it is possible to train some of the locals in non-demanding professional skills and import only the labor that is impossible to reproduce locally. There is a high supply of raw materials in South Africa owing to the extensive scope of the mining and manufacturing industry. Steel and plastic which and other materials which are required for production of toys can be locally procured thus cutting on the costs that could have been incurred if the material were to be imported. Demand conditions The demands conditions in South Africa are conducive for a toy market since the population of young middle class is growing as the economy grows many of these especially the educated ones will likely increase demand for toys products. In addition, the toy market has of late diversified to encompass the production of technology based games which are popular among children and younger adults. As a result, the local demand is likely to push firms in manufacturing the country to produce more products customized for them. Normally, a demanding local market is good for local industries since when the demand is high, innovation improves since the firms have to come up with ways to deal with the demand. As such, a firm investing in South Africa is more likely to be highly innovative since the locals will pressure it to make quality and diverse products so they will not have to buy imported goods. Related and Supporting Industries   In South Africa the toy and gaming market is dominated by a few large companies which maintain their market position by continuously broadening their portfolios and acquiring international licenses. Prima Leisure, Just Fun Group and Kids II lead the industry which offers a wide range of products in the local market (Toy and Game Companies 2012). Contrary to popular assumption the existence of these industries can be seen as incentive for new entrants because they actively participate in market upgrades and stimulate growth. In addition the state actively tries to encourage investment South Africa as to create jobs for the local, this is done by giving investors subsidies and tax cuts. Firm Strategy, Structure, and Rivalry The structure and the management of different firms in various countries are different and this can impact the competitiveness of the firms operating within. South African companies can generally be categorized as a blend of hierarchical systems and organic, this is more so in the toy and games industry and as a result the competiveness is moderated. The home market in as far as toy manufacture is concerned is very competitive, nevertheless, this will work to the advantage of new entrants. The domestic competition also encourages firms to diversify their products, this way a new firm venturing in South Africa will find that there exists a ready market for their products both locally and abroad. While the porter 5 forces ma ke low rivalry seem attractive, the contrary is true in the diamond model; this is because when low rivalry may be good for the firm in the short run, in the long run it will even be more beneficial. In South Africa for instance, the toy manufacturing market is dominated by a few major companies which will undoubtedly provide formidable opposition. On the other hand, this way the new firms will be motivated

The American Military Adventure In Iraq And Philippine Essay

The American Military Adventure In Iraq And Philippine - Essay Example The Philippines became an independent democratic country that is seen to today to be more or less a success. This may bode well for Iraq, a country that has been through terrible times and now seems to be improving. This essay will look at how these two actions by the United States were very similar. The Monroe Doctrine of 1823 created a new era of American foreign policy. Some critics might call this policy expansionist, and although that is certainly an important element of it, it was also motivated by a desire to spread principles of democracy and good governance. Many idealists of the period believed the principles at the heart of the U.S. Constitution were universal and should be shared with everyone. By the end of the 19th century, the Monroe Doctrine was to come into full effect in a war with the Spanish. Not only would the Americans take control of Spanish possessions in the Caribbean such as Cuba, Puerto Rica, and other islands, but as the war expanded so would the remit of the Monroe Doctrine. The United States would gain control of the Philippines, far from its own shore, and attempt to remake the Spanish colonialism political system in its own image. The result would be a bloody conflict fought with Filipino insurgents that would take America many years to quell. Following the American victory over Spain and the taking of the Philippines, there was a great deal of tension between the U.S. and the locals. This came to a head in 1899 when American soldiers shot some Filipinos. Things quickly got out of hand with both sides raising armies and fighting conventional wars. The Americans rapidly defeated the convention Filipino forces, killing two of their best generals and pacifying many of the urban areas. But as the Filipinos fell back, they regrouped as guerrillas and had huge local support.

Athletes psychological make- up Essay Example | Topics and Well Written Essays - 1250 words

Athletes psychological make- up - Essay Example From the above explanation, it is important to consider that there are numerous sports and in sense every sport would want a deliberately devised and developed in a peculiar way to address the need of the specific sports. This has been the point of concern and controversy as there is widespread adoption of information’s tailored for other sports to the unintended ones (Smith, & Kays 2010). There are issues now that the efficacy of the imported ideas and training designed for other related sports may work negatively if wrongly applied. In the contemporary sporting, sports psychology is of paramount interest and there is high need to determine the psychology of the participants so as to prepare them adequately for the games. With regard to this, testing the psychological status of the sportsmen has gained grounds and two methods have been coined to undertake to this. One of the approaches has been the unilateral application of the psychometric tests to understand the behavior o f the athletes. The second approach involves the use of construction, and effecting specific sports psychological test to gauge the psychological status of the sportsmen (Smith & Kays 2010). The application of the above named approaches have stirred great controversies as there are the opponent and proponents of the approaches, each holding to a contrary schools of thoughts. In other words, the approaches of determining the psychology of the sportsmen have attracted applause and rejection in equal measure (Smith & Kays 2010). Starting with the psychometric tests, the opponents of the