Principles and Practices of Management - 2971 Words

Chapter 9: Human Resources and Diversity Assignment NOTE: Fill in all answers in RED font Activity 1 Directions: Answer the following discussion questions Answers to Discussion Questions 1. Which selection criteria (personal interview, employment test, assessment center) do you think would be most valuable for predicting effective job performance for a manager in a record company? For one of your college professors? For a manager at a coffee shop such as Starbucks? Discuss. For a manager of a record company I would give them an employment test. It is critical for the manager of a record company to be sufficient in the area that he is managing. He/she should be able to operate at all levels of the business to be able to oversee†¦show more content†¦The Employee will be responsible to provide safeguards to protect all of the employer’s documents from disclosure and damages. Compensation and benefits: Employees’ pay, leave, and travel will be based on the employees primary business location. The Employees time and attendance will be recorded as executing official tasks at the primary business location. Leave requests must be submitted to Employer two weeks in advance unless an emergency occurs and must be approved prior. Overtime will be properly compensated in accordance with all applicable laws. Performance Measures: Supervisors will coordinate meetings to review any tasks as necessary. Performance will be measured on all normal benchmarks that are established from past performance. Training: The employee will conduct on-line training assignments as well as a short time period of on the job training with an experienced CO-worker to get a feel for the position. Once the trainer feels the employee is capable of assuming his/her duties they will begin their telecommuting position. The Employee will be paid at their full rate during their OJT period. Grounds for Dismissal: If the employee does not meet all the standards on their performance review this agreement will become void. The employee will either return to his/her work facility or will forfeit their position with theirShow MoreRelatedPrinciples and Practices of Management1560 Words   |  7 PagesPrinciples and Practices of Management Subject Code – B-101 Section A: Objective Type Q1. A plan is a trap laid to capture the ___________ a) Future Q2. It is the function of employing suitable person for the enterprise: b) Staffing Q3. ______________ means â€Å"group of activities employee into departments†: (d) Departmentation Q4. This theory states that authority is the power that is accepted by others. a) Acceptance theory Q5. It means dispersal of decision makingRead MorePrinciples and Practices of Management6031 Words   |  25 PagesPRINCIPLES AND PRACICE OF MANAGEMENT( Unit-1) MANAGEMENT Management makes remarkable differences between the companies regarding their performance in term of productivity , products, sales, profitability, service to the customer, employee welfare etc. Management plays a vital role in deciding the destiny of business as well as non-business organisations. Concept Of Management- Read MorePrinciples Practices of Management1333 Words   |  6 PagesExamination Paper Semester I: Principles and Practice of Management IIBM Institute of Business Management IIBM Institute of Business Management Semester-1 Examination Paper MM.100 Principles and Practice of Management Section A: Objective Type (30 marks)  · This section consists of Multiple Choices Short Notes type Questions.  · Answer all the Questions.  · Part one carries 1 mark each Part two carries 5 marks each. Part one: Multiple Choices: 1. A plan is a trap laid to capture the ________Read MorePrinciples and Practices of Management1349 Words   |  6 PagesExamination Paper of Principles and Practices of Management 1 IIBM of Business Management IIBM Institute of Business Management Examination Paper MM.100 Principles and Practices of Management Subject Code-B101 Section A: Objective Type Short Questions (30 marks) ï‚ · This section consists of multiples choice and short notes type questions ï€   ï€   ï‚ · Part one carries 1 mark each part two carries 5 marks each. ï€   ï‚ · Attempt all questions ï€   Part One Multiple Choices: 1. A plan is a trap laid toRead MorePrinciple Practice of Management1608 Words   |  7 PagesPRINCIPLE amp; PRACTICE OF MANAGEMENT International Case : Carrefour — Which Way to Go? How should Mr. Durant assess the opportunities in various countries around the world? Mr.  Durant,  the  new  CEO  since  2005,  embarked  on the new strategy by offering 15percent new products in its hypermarkets and 10 percent in its supermarkets. Moreover, he wants to employ more staff, extend the operating hours in certain hypermarkets, cutting prices, trying small stores, and pushing down decision making. MrRead MorePrinciple Practice of Management1622 Words   |  7 PagesPRINCIPLE amp; PRACTICE OF MANAGEMENT International Case : Carrefour — Which Way to Go? How should Mr. Durant assess the opportunities in various countries around the world? Mr.  Durant,  the  new  CEO  since  2005,  embarked  on the new strategy by offering 15percent new products in its hypermarkets and 10 percent in its supermarkets. Moreover, he wants to employ more staff, extend the operating hours in certain hypermarkets, cutting prices, trying small stores, and pushing down decision making. Mr. DurantRead MorePrinciples Practice of Management2003 Words   |  9 Pagesï » ¿Examination Paper Principles and Practice of Management Section A: Objective Type (30 marks) Part one: Multiple Choices: 1. A plan is a trap laid to capture the ________. Ans.: A) Future 2. It is the function of employing suitable person for the enterprise Ans.: B) Staffing 3. ___________ means â€Å" group of activities employees into departments† Ans.: D) Departmentation 4. This theory states that authority is the power that is accepted by others Ans.: A) Acceptance theory Read MorePrinciples and Practices of Management1800 Words   |  8 PagesPrinciples and Practices of Management Assignment A Marks 15 Answer all questions. 1. What were the Hawthorne studies? What effect did they have on the Management practices? 2. What steps can an organisation take to increase the motivational force for high levels of performance? 3. Explain briefly various Management Functions. What is the basis for saying that planning is the most crucial management function? Discuss. 4. Explain the MBO Process. 5. Elucidate the relationship betweenRead MoreManagement Principles and Practice7126 Words   |  29 PagesTable of Contents * The meaning of Management * Management Functions and Process * Management Approaches * Motivation Theory * The Meaning of Management Management may be defined in many different ways: â€Å"Management is the development of people and not the direction of things† - Lawrence A Appley â€Å"Management is defined as the process by which a co- operative group directs action towards common goals† - Joseph Massie â€Å"Management is a distinct process consisting of planningRead MorePrinciples and Practice of Management2867 Words   |  12 Pagesworkplace. They are expected to bend their will to rules and regulations. Witnessing the difference between the two cultures the young workers, naturally, began to oppose the regulatory mechanism devised by top management. The pent-up feelings of frustration and resentment against management, like a gathering storm, have resulted in volcanic eruptions leading to violent arguments between young workers and foremen on the shop-floor. In the process production has suffered, both quantitatively and qualitatively

Introduction And History Of Statistical Process Control

Introduction and History of Statistical Process Control Statistical Process Control (SPC) is a method of controlling the quality of a manufacturing process and is most often affiliated with control charts. However, SPC in reality is a group of tools and includes additional statistical and evaluation/measurement methods. Smith, Megahed, Jones†Farmer and Clark defined seven basic tools of SPC including; histograms, check sheets, Pareto charts, cause-and-effect diagrams, defect concentration diagrams, scatter diagrams and of course the aforementioned control charts (2014). These tools represent the scope and overall purpose/pursuit of SPC which is; â€Å"any statistical method designed to detect changes in a process over time† (Woodall Montgomery, 1999, p. 377). Since control charts is often the most discussed of these seven tools; it is important to note there are many different types of control charts. The main control charts include; process charts which are R-charts an d s-charts, non-conforming item charts also known as p-charts and np-charts and finally average numbers of non-conformity charts or c-charts and u-charts (Woodall Montgomery, 1999). Statistical Process Control experienced its most significant growth and expansion during the quality revolution in the 1980’s (Woodall Montgomery, 1999). It was during this time period that the focal point of quality changed from being merely acceptance or customer defined quality criteria to actual process control (Woodall Show MoreRelatedThe Evolution of Total Quality Management1630 Words   |  7 Pagesand repetitive work practices.’ The aim with the new industrial era was to produce large numbers of the same product which required processes to be put in place to control quality as it could not be left up to individuals. Cali explains that the shift away from the production of goods by individual craftsmen bought about the introduction of the assembly line between 1900 and1940 in America where products passed consecutively through various operations. Cali describes how ‘Standardisation became theRead MoreImplementation Process And Time Scheduling Process Before Start Construction Phase Essay1536 Words   |  7 PagesABSTRACT With increasing projects size, needing for planning and control become matter of urgency, so this research aim to develop integrate cost estimate process and time scheduling process before start construction phase. Most of construction companies make project scheduling without attention to add planned resources (labor-equipment-material) with its direct and indirect costs to get total project cost. So it is needed to be estimate project direct and indirect cost before start constructionRead MoreThe Presence Of Dna Damage1704 Words   |  7 PagesObjectives: We aimed to assess the presence of DNA damage in full term newborns with neonatal sepsis. Materials and Methods: Sixty neonates with early onset neonatal sepsis and 45 apparently healthy controls were enrolled in the study. Screening of neonates were done by modified clinical sepsis score and hematological scoring system , adjusted to the results of blood culture and screening tests. Complete blood count, C-reactive protein and DNA study were done. Results In our study sepsis wasRead MoreFunctions Of Management Within Scholarly Literature1645 Words   |  7 PagesIntroduction This literature review will provide a comprehensive overview and examination of the Four Functions of Management within scholarly literature. The paper will be divided into four section - reflecting the Four Functions - planning, organizing, leading, and controlling. Planning is defined as the ability, creation, and use of plans to analyze the future and plan for organizational action (McLean, 2011). Organizing is defined as the ability to understand, view, and orchestrate activitiesRead MoreEvaluation Of The Intervention Program Essay1579 Words   |  7 Pagesand attention categories. The CARE group was subjected to the test parameters whereas the attention group received unspecified information (Li et al., 2012). This was the method employed as per the abstract. The results yielded non-significant statistical variations on patient or family caregiver and called for an additional investigation on CARE workings and its effectiveness. The stated question seems unambiguous, it is the testing of the CARE intervention program that aims at increasing the participationRead MoreRole Of Data Warehousing And Data Mining Technology1291 Words   |  6 PagesdÐ µcision making. Table of Contents Introduction†¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦....4 Data Warehouse†¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦.4 Metadata- handling unstructured and semi-structured data†¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦...†¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦4 Requirement for data warehouse†¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦...†¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦.†¦Ã¢â‚¬ ¦5 Process of Data Warehousing†¦....................................................................................................................5 Data Mining Process†¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦..†¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦6 DATA MININGRead MoreEssay about Ceratopteris Fern Growth and Analysis1601 Words   |  7 Pagesexperiment with two spore-sown petri dishes, one control and one treatment – a normal nutrient-rich agar petri dish and an ammonium nitrate-containing petri dish respectively. The two petri dishes were each inoculated with three drops of spore suspension by a pipet, then spores were spread by a sterilized-bent paper clip to allow even distribution of spores. Gametophyte germination occurred approximately two weeks after inoculation for the control, and gametophyte germination occurred approximatelyRead MoreStatistical Quality Control2335 Words   |  10 PagesINTRODUCTION Have you experienced purchasing a product then discovered that it is defective in some way or does not function the way it was designed to, or found that a piece of the product is missing or defective. As consumers, we expect the products we purchase to function as intended. However, producers of products know that it is not always possible to inspect every product and every aspect of the production process at all times. The challenge is to design ways to maximize the ability to monitorRead MoreEssay on TQM1038 Words   |  5 Pages Introduction In the early 1990s, the concept of Quality Service as a differentiating factor came to life in the hospitality industry. Hotel companies and restaurants implemented quality assurance programs and referred to their quality service in their advertising. Significant efforts were made to implement Total Quality Management practices – which at that time had been ubiquitous for years in the manufacturing industry – in order to not only maintain product quality, but more specifically to improveRead MoreEvaluation Of Intravenous Therapy Product And Impact Of The Practice On Needle Stick Injuries And Central Line Infections1190 Words   |  5 PagesIntroduction The study purpose entailed an evaluation of intravenous therapy product and impact of the practice on needle stick injuries and central line infections (CLIs). The researcher collected data for one year from 2009 to 2010 before implementing product and practice changes. It was noted that there exists a statistical significance when comparing central line infections before and after implementing an antimicrobial intravenous connector. In addition, the number of needle stick injuries exhibited

Accounting For AASB Its Application And Frameworks In RL Ltd

Question: Discuss about the Accounting For AASB Its Application And Frameworks In RL Ltd. Answer: First and foremost I wish to point out and correct the statement by the CEO Chris Thor concerning the tax return report that he claims its only what is needed for decision making. Kindly Mr CEO be informed that decision making process involves wide aspects from costing, expenses, revenue generation and allocation, asset management and of course taxation as you state therefore be informed that all these factors plus many others must be put into consideration before making the decision not only one part of it. However, Mr CEO if the decision you claim you want to make involves the tax part alone then you can proceed with the consideration the tax return issued to you, Lo (2010.Pg 25) I now wish to handle the points and concerns raised by the CEO one by one in accordance with the lawful guidelines and regulation applicable. Reference is made to the issue raised by the CEO on payment of tax and hereby wishes to inform him that under AASB112, para.5 the law allows and requires a company not to pay any income tax at all if under certification it is operating on a loss basis Sorensen (2010.Pg 80). The firm instead is then obliged to keep the record of the same upon the filing of tax loss return that is claimable in future when offsetting the loss of the future annual profits based in Nicholas (2007.Pg 70). This regulation further outlines what is to be referred as tax loss or profit so as to distinguish what is recoverable and what ought to be paid as explained in Shaviro(2008.Pg 423). Taxation Determination TD 2007/2 reference on income tax further emphasizes the need to file tax loss return as well as safe record keeping of these documents outlining the losses so as to support tax credits in the near future Devereux(2006.Pg 41).Firms that report losses are expected to file tax loss return as well as safe keep of record for compliance purposes and tax audit if any. The board should therefore know that there exist no tax payment done in this year from the income since the company is making loss, however what probably the CEO might be claiming to be payment is what possibly referred to as tax loss return in the reports that are deemed to be mandatory for compliance purposes just as what would happen if we had made profit a tax profit return would be filed as per the regulation set in the Australian Business Tax Guide17, para 6.1. In addition, the reason why there is tax loss return filling is for purposes of notifying Australian Tax Office on the company tax position at the moment as well as during facilitation of tax audit process if any Richardson(2007.Pg 700). This is further insisted in AASB 101, para .88 that requires disclosure of any material factor to the users in our case through filling of tax return loss we are informing ATO who is our user in the context. I however wish to take a different interpretation on the issue away from this on payment of income tax, and assume that the CEO is referring to taxes on salary, goods or services and even those withhold at source, in this case, I however, wish to inform him that we have no option of not paying this taxes whether we like it or not since these are statutory in nature and must be paid. For example,Pay As You Go there is no room for not paying these taxes simply because as long as the employees are enjoying their salary benefit up to date then the tax man(ATO) likewise need to enjoy her share, in any case, it is always collected at source. The same approach accorded to PAYG is what applies to Goods Sales Tax whereby the payment being made is just a collection being done on behalf of the tax office similar to any withholding tax that the firm standards as an agent of the principal i. e tax office hence needs to remit that amount after payment. I therefore, wish to conclude on this matter on how to treat income loss for taxation purposes by saying that it is irrational and unlawful to pay taxes as claimed by the CEO whereas in reality no gain is made and thus that payment in the company books ought to fall part of tax audit query. The tax man is considerate enough as long as all the documents are safely kept and the taxpayer is aware of his or her role for tax purposes i.e. when to act as agent and when to act as a taxpayer. The board is therefore notified that there are no traces of income tax paid at all especially within this period of income tax loss but if there existed Goods Sales Tax, Pay As You GO or any other withholding tax then the payment made is just giving what belonged to the Caesar or rather what was kept on behalf of the tax man Frank(2009.Pg 70). Concerning the issue raised on the income statement, I wish to explain this basing it on the information raised by the CEO on payment of tax while we are making profits Zander(2015.Pg 650). It is generally acceptable for a business to make profit or loss as outlined in AASB101, paragraph 10A, therefore it is in accordance with the law for any firm to present its income statement with a loss in any case this is why it is referred to a statement of profit or loss and other comprehensive income in AASB101,para.10(b).We cant therefore assume that we are only in business for purposes of profit making alone then what would occur if the market does not favour your business? Will you force the market to consider you? This question clears the doubt on income loss reporting. Just as outlined above there are exist no permanent good days in business today the business may be booming only to get into recession the following day thus no absolute best moment hence the possibility of a loss or profit occurring. Whether a business is showing going concern concept or not there exist an obligation of reporting its performance via the use of profit or loss income state since the users of the information have a right to that information Hamilton(2014.Pg 24). I therefore, justify my sentiments by stating that there is nothing wrong with the statements if in reality a loss was reported. More so if the loss is reported and tax is being paid on this loss still there is no problem with the income statement the problem is with the person paying or persons acting on behalf of the company on tax matters since they seem not to know on how to account for tax in case a firm makes losses. The tax department at RL Ltd should be held accountable on this payment since the regulation allows a firm to carry forward it is lost into future upon making profits hence a room for set off. The only task the RL tax department is allowed by law concerning the loss is just to file a tax loss return and not payment of the same. I therefore inform and advise the board that there exists absolutely no problem or alarming issue with the statements instead they should access its tax department competency on the issue and subject them to disciplinary action if found culpable since they are making the company pay on tax liability they ought not to have paid as stipulated in the regulations. This is further explained by an Australian Company by the name NEC that was seen to report a loss of AU$44.4m in the FY 2017 a decrease of what was reported in year 2016 of AU$8.2,with this it is a practical example since the firm was allowed to set off the tax loss in the future there was no tax payment done in this year. AABB 13 clearly guides on all that entails valuation and measurement of assets and their respective disclosure in the books. AASB13, para 2 defines what fair value is and its application during valuation. I totally agree with the CEO that by RL Ltd valuing assets at fair value it will clearly depict the worth value of the assets at the time of valuation. However I definitely disagree with him that at the fair value he can increase the value of the assets anytime he wishes so, I disagree with him because AASB13, para 2 defines fair value as the market-based measurement not the individual entity valuation at a measurement date. This is further explained by stating that no persons or entity has control over the fair value but rather the prevailing current market conditions is what dictates the exit value at the time of product exit. The valuation market conditions vary with geographical locations and seasons hence making the process ambiguous thus need to involve special professional expertise the so-called actuarial who are guided by their professional ethics on how to approach the issue. The use of values in the process of valuation likewise knocks down the CEO claim on his discretion to value the assets anytime he feels so. AASB 13 is further seen to challenges the CEO will value the asset since he will be having no substantial basis to claim on what made him do the valuation. Moreover, it is of great importance for him to realize that fair value valuation of the asset is reported in the statement of financial position and its respective notes are disclosed via notes annexed to the statement Schroeder(2011.Pg 12). The note on this expects the participants in the market to disclose on what characteristics they based while doing valuation as well as explanations on the reasons for valuation not forgetting the economic benefit resulting from this Khorana(2006. Pg. 379). With these guidelines I wish to inform Mr CEO AASB 13 does not allow any entity or individual persons to value assets as per their discretion and claim the measuring process to be that of fair value because there exist no prevailing market conditions Bosch(2012.Pg 23). All of you will agree with me that the valuation price is not the initial the acquisition value. Likewise, you will agree with me that valuation can be up or down depending on the prevailing market conditions. AASB13, para 61 and 62 explains that during valuation in the valuation techniques cost approach or the cost of the item is deemed to be the benchmark of valuation Salinas(2009. Pg 40). According to AASB13, Para 19(e) there exist great explanation on why the need to report cost value. The regulation states that for purpose of calculation of gain or loss that is to be included in the statements hence the need to disclose where the assets originate from and their respective correspondence change whether downwards or upward.Al Jifri(2009.Pg 130). It is therefore clear that for the ascertainment of gain or loss on valuation especially for item eligible for disposal hence the need to clearly disclose in the notes on how the gain or loss came about Christensen(2013.Pg 740). Clause 14 of AASB 137 strongly defines recognition for provision to apply to entities that have current reliable and estimable obligation of previous transactions and that whose returns in wait can settle the debt in place hence if this is not met the aspect of recognition of provision is missed. Valuation measurement is climaxed by the comparing the fair or rather market value with the face value or cost value for the purposes of disclosure and reporting Huang(2012.Pg 1600).Therefore by having these notes on the cost of the assets is indeed flavouring and explaining the materiality and compliance of the report with the set standards of International Financial Reporting Standards especially IFRS 7 Epstein(2006 Pg. 71). With this explanation, the CEO is therefore not supposed to worry about the notes on the cost model since they are lawful appended and give more information to the users of the information Beatt(2006.Pg 280). The number four issue on why not all assets are consistently valued stand to be a good observation and I deem it important to the extent of suggesting for the valuation exercise to be conducted across all the assets Fiechter(2011.Pg 100). I therefore personally support the CEO concern on valuation because according to AASB101 all financial position items at the time of reporting are expected to show the actual value of the business thus the reason why I think we should do valuation but not to all items because something like cash and cash equivalents we cannot value not unless it is in foreign rate form Lang(2010. However, my point of concern on this is what then is the appropriate valuation model and technique should the valuation be conducted for. We need to ask ourselves this question simply because assets are classified differently and more likely there exist differences whileaccounting for them Shaffer(2011.Pg 21). For instance inventory are always valued at cost hence cant subject them to the fair value concept it is recognized at cost as per IAS 2 hence there exists no rule of valuing it at market prices. Each concept should be treated differently since they have different end effects and they are recognized and accounted for differently and under different regulations. Debtors on the other hand are valued at the net realisable value since there exist the need to report on what was to be recovered from the debtors. Most of the non-current asset those which depreciates are valued at net book value with the likes of land appreciating upwards hence subjecting to the market fair value model will be wrongly reporting Busacca(2007.Pg 310). During financial reporting recognition, disclosure and measuring of assets are viewed as of great importance since they present the actual position of the company at the reporting date. Valuation therefore sets the benchmark analysis for practical applicability during recognition and measuring of assets in the financial position as well as its disclosure implication in the foot notes of the financial statements pursuant toaccounting standards in place. It is hence more practical to value assets at the time of reporting the accounts as well as at the time of disposing these assets. For instance if we want to value a building whose walls and pillars were repaired and painted therefore we need to capture each and every cost relating to that building has to be put into consideration, therefore relevant factors like depreciation and value of money aspect has to be considered. Intangible assets, the likes of intellectual properties the likes of goodwill, patent, trademarks e.tc should be valued at net book value Chalmers(2008.Pg 240). Looking at all these set of assets we notice the mode of valuation are different hence need to clarify the issue of consistency in valuation of assets as raised by the CEO by saying that as long as valuation will be done appropriately and through the right model technique and to the appropriate asset I dont see the problem with valuing all assets but only to those which are worth valuation Mard(2007.Pg 51). Correct recording during and after valuations should be done and kept in accordance with the regulation while respective closing and opening balances disclosed since this what form the basis of reporting and positioning. Records from the participants in valuation should likewise be kept well for purposes audit and reference. The CEO point of concern on the five items raised are great importance since it has assisted and educated RL Ltd company on areas they need to put more extra attention or rather pull up their socks and that which they should uphold and keep up cause they are of benefit to them. I further wish to say that all the aforesaid solution and suggestion issued above are in compliance with respective set regulations. All the relevant regulations have been quoted to suit the users of the information of RL Ltd to further understand the pressing interpretations of the issues raised by the CEO. I hope have likewise concretely advised the CEO and the board on the next course of action. References Al Jifri, K. and Citron, D., 2009. The value-relevance of financial statement recognition versus note disclosure: Evidence from goodwill accounting. EuropeanAccounting Review, 18(1), pp.123-140. Beatty, A. and Weber, J., 2006. Accounting discretion in fair value estimates: An examination of SFAS 142 goodwill impairments. Journal of Accounting Research, 44(2), pp.257-288. Bosch, P., 2012. Value Relevance of the Fair Value Hierarchy of IFRS 7 in Europe-How reliable are mark-to-model Fair Values?. Universit de Fribourg. Busacca, G.A. and Maccarrone, P., 2007. IFRSs and accounting for intangible assets: the Telecom Italia case. Journal of intellectual capital, 8(2), pp.306-328. Chalmers, K., Clinch, G. and Godfrey, J.M., 2008. Adoption of international financial reporting standards: impact on the value relevance of intangible assets. Australian Accounting Review, 18(3), pp.237-247. 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Accounting for tax consolidation: an investigation into the development and associated reporting requirements under the Australian group taxation system (Master's thesis, University of Sydney). Huang, A. and Vlady, S., 2012. The accounting and economic effects of currency translation standards: AASB 1012 vs. AASB 121. Journal of Modern Accounting and Auditing, 8(11), p.1601. Khurana, I.K., Pereira, R. and Martin, X., 2006. Firm growth and disclosure: An empirical analysis. Journal of Financial and Quantitative Analysis, 41(2), pp.357-380. Lang, M., Lins, K.V. and Maffett, M., 2012. Transparency, liquidity, and valuation: International evidence on when transparency matters most. Journal of Accounting Research, 50(3), pp.729-774. Lo, A.W., Wong, R.M. and Firth, M., 2010. Tax, financial reporting, and tunneling incentives for income shifting: An empirical analysis of the transfer pricing behavior of Chinese-listed companies. Journal of the American Taxation Association, 32(2), pp.1-26. 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WiMAX Future Rival of Cellular Networks an Example by

WiMAX: Future Rival of Cellular Networks In an article by Stephen Lawson posted at NETWORKWORLD website, entitled WiMAX Forum Looks towards Roaming, a new era for the roaming industry has dawned. WiMAX has kicked off the trend for domestic and international roaming that exceeds the reigning industry at present through the launching of its Global Roaming Program (Lawson). This initiative will give operators and service providers an opportunity to broaden their business ranges and improve customer satisfaction. Need essay sample on "WiMAX: Future Rival of Cellular Networks" topic? We will write a custom essay sample specifically for you Proceed This program is the first of its kind in the industry. It will provide clients a broader scope for online services since the program aims to create contracts with other carriers allowing the customer to get online by other servers (Lawson). It is much like that of a mobile cellular phone that can connect with other cellular networks during travel. These services are often called 2G and 3G although such services are not yet completely global in availability (Lawson). Nevertheless, WiMAX is better since it will set up various contracts that will allow the user to roam online through the use of other servers themselves rather than connect with them. However, there are technical concerns regarding the utilization of this feature. The program can certainly get their clients online while travelling but there is no assurance that the quality of the service is the same as that of local stationary servers at home. Furthermore, there are still few operators that have teamed up with WiMAX. The WiMAX initiative is probably a great innovation in industry since it will provide a new way to stay connected anytime anywhere. On the other hand, the said technology is a young one and thus, there are still some matters that needed attention before it can go global. Work Cited Lawson, Stephen. WiMAX Forum Looks towards Roaming. 23 January 2009. NETWORKWORLD.