Management Accounting Case Assignment Essays

Management Accounting Case Assignment Essays Management Accounting Case Assignment Essay Management Accounting Case Assignment Essay Management Accounting Case Assignment BY Allele Case 8-28. Evaluating a Companys Budget Procedures. 1 . Identify the problems that exist in Ferguson Sons Manufacturing Companys budgetary control system and explain how the problems are likely to reduce the effectiveness of the system. The overall companys strategy is not well defined by executives and communicated to the management. There is no goal other the cost reduction at total company level as well as at departmental level. Managers dont see connection between expenses, revenues and overall companys profitability. As a result managers are frustrated because instead of help that budget is suppose to bring it creates problems. Managers dont participate in budgets development; it is purely a task of an accounting department which sets up performance goals for the company as a whole and all its divisions. Accounting department also controls the execution; other departments managers are completely removed from that process, they are only informed about their departments performance at the monthly meeting. It turns out that department managers are accountable for the results that they never truly omitted to. This approach would lower companys performance on the long run, when managers loose motivation they are not interested to deliver good results. Accounting departments has a very distant relationship with other operational departments; they concentrate on evaluating only financial goals, looking strictly at the numbers. They are only concerned with the cost reduction and continue to tighten the individual budgets once performance goal is met. At the same time it looks like budget tightening strategy may become unreasonable because at some mint the only way the department can meet the budget is by sacrificing its quality for quantity. If quality becomes an issue, it may lose customers and potentials profits. The way the managers performance is being evaluated does not seem to be fair. Managers are not recognized well enough if they met the budget or even saved more than expected. They are being rewarded with the tighter budget every time they achieve the goal. However if expenses end up to be higher than predicted, managers get a low rating during their monthly performance evaluation. The only motivation for managers to meet the budget is trying to avoid the low performance rating. With the current strategy managers are not rewarded for the good performance instead they are punished in both cases when they meet the budget and get the tighter goal or when they dont deliver expected savings and given lower performance rating which also affect their income. In this circumstance some managers may decide to leave the company and it may be hard to replace them, especially the most experienced ones. Company will incur the additional costs related to hiring the replacements. Operational processes are not well coordinated when special orders are given analysis being done to investigate the cause and no recommendations are made on how to avoid certain costs and improve the performance. The work between departments is not well coordinated either because all departments are over concerned with meeting their monthly budgets. The maintenance department chooses not to help machine shop to fix their broken equipment Just to save time they need to meet their own department budget. However at the total companys level expenses are higher because of idle time that loud be avoided if the maintenance department reacted to the problem on a timely manner. When departments can, they choose to first perform the Jobs that could be done with less time than budgeted; as a result the more important Jobs are being postponed. As a result the whole companys performance may suffer. Company would have to pay additional costs for idle time or for delaying Jobs that are more critical but require more time to complete then allowed by the budget. 2. Explain how Ferguson Sons Manufacturing Companys budgetary control system could be revised to improve its effectiveness. To be more efficient the companys budget has to be done for the whole company. Departmental budgets should not be separately developed and evaluated since they are all part of the same company. In addition to setting cost reducing goals, it also has to set up revenue and profitability targets. In addition to financial, it should have non financial measurements against which performance should be evaluated. The overall companys strategy has to be reflected in the budget goals. Budgeting has to become a common effort for all level of managers when every manager participates n the goal setting discussions, agrees on the goal and feels accountability for the result. While developing budget, a set of clear and specific expectations has to be prepared which will help managers to compare actual and budgeted results. Accounting department role has to change, instead of setting goals and controlling the performance it has to provide support to managers to help them to set up their own goals and provide with data supported by analysis to help managers to understand where the potential problems can be and make a decision on how to improve the performance. Variance analysis has to be done on a regular basis, all variances to the plan have to be investigated and explained, and then appropriate action should be taken to avoid the potential variance in the future. Variance investigation should be a common effort for managers and accountants because while accountants are responsible for the financial part, managers provide expertise into other operational processes that they are responsible for in their departments. All the internal processes and expenses have to be analyses, especially ones that affect two or more departments. This would help to avoid some costs. To achieve companys efficiency, all its internal Once budget is set it has to be reviewed and adjusted during every budgeting cycle. The tightening of the budget would only make sense if it does not sacrifice quality and does not lower motivation. Companys goals have to be realistic and could be revised if internal or external conditions change. Executives should also revise their performance recognition system and to tie individual managers clear goals to the results. Once manager understands the goals and feels his accountability he would be better motivated to meet these goals. Company should develop effective rewards and recognitions system other then budget tightening to increase managers involvement in companys performance and to retain its best employees. Case 108-5. Ethics and the Manager; Rigging Standards. 1 . How did Preston Lansing probably rig the standard costs are the standards set too high or too low? Explain. Since Lansing rigged the standards so that they were always large favorable variances it means that he was setting standard costs too high because positive variance appears when goods produced at the lower costs then standards. That is he way to artificially overestimate Costs of Goods Sold and underestimate Operating Income up until the positive variance is recognized. The way the costs are manipulated is when the positive variances are gradually recognized throughout a year showing increasing performance in second and third quarter and demonstrating the highest performance in the forth quarter. 2. Should Preston Lansing be permitted to continue his practice of managing reported earnings? This is an example of earnings manipulation and it should not be permitted. First of all Preston is being rewarded based on last quarter/year end results. The bonus would not be as high if the earnings were not manipulated. This creates an ethical issue for the company. Manipulation should not be rewarded. Income Statement does not represent a true picture of companys performance which may hide the existing problems. This is not acceptable from the external reporting prospective, when external users of the information are being misguided on companys true performance. 3. What should Stacy Cummins do in this situation? Stacy was concerned about her findings and notified the president of the situation, but did not receive his support. She could go further and bring it to the attention of the Board of Directors, particularly the audit committee, and outline problems that it may create for the company. It may not have desirable results since Board of Directors may already be aware about the issue but does not want to change anything in the current situation. If Stacks actions have no results and she feels insecure in the current situation she may choose to leave the company to avoid potential problems if any controversy arises as a result of companys unacceptable accosting practices and she may be liable for the professional misconduct.

The Guard Family

The Guard Family The Guard Family The Guard Family By Mark Nichol Guard is the basis of a family of words pertaining to protection; these terms are listed and defined in the post below. Guard, from the French verb garder (formerly also spelled guarder and warder), meaning â€Å"defend† and related to the Old High German term warten, meaning â€Å"take care,† has several senses: It refers to someone (or a group) assigned to protect someone or watch something or to the act of defending someone or keeping an eye on something, or the state of being protected. It also pertains to a protective component or device, to an athlete who has a defensive or protective role in competition, or to a defensive attitude, position, or state. One can be said to be on guard, or in a state of readiness, or to be off guard; the latter phrase is generally seen in the phrase â€Å"catch (or â€Å"caught†) off guard.† It is also a verb, and the adjective is guarded, guardedly is the adverbial form, and guardedness describes the state of being alert. Guard appears in the open compound â€Å"guard dog† and the closed compound guardrail. It is the root of guardian, a word describing a person in a protective role (such as an adult who serves as a surrogate parent for a minor); the state of being a guardian is guardianship. The phrase â€Å"guardian angel,† based on the notion of a protective supernatural being, now often refers to a flesh-and-blood person in such a role. â€Å"En garde,† taken directly from French, means â€Å"on (your) guard† and serves in fencing as a spoken warning for competitors to be prepared to defend themselves. Regard, as a noun meaning â€Å"consideration† or â€Å"judgment† (with the antonym disregard) or, as a verb, â€Å"consider† or â€Å"judge,† is from the French verb regarder, meaning â€Å"look at.† As a noun, it also has the sense of â€Å"respect,† and as such is used in correspondence in plural form as a sign-off. Self-regard refers to consideration of oneself or one’s interests. Regardless is an adjective with the sense of â€Å"in spite of† or â€Å"without consideration†; irregardless is an unfortunate and unnecessary variant careful writers will assiduously be on their guard to avoid. An advance guard or vanguard was originally a military unit that preceded the main body of troops into battle; the latter term now usually refers to a person or group at the forefront of a movement. Avant-garde is the French equivalent, borrowed into English with that sense but now figuratively describing an innovative artist, musician, or writer, or a work of art or literary or musical composition that is ground-breaking, or an entire creative movement considered as such. A rearguard, by contrast with a vanguard, protects a retreating force, and by analogy the word also pertains to resistance to an overwhelming phenomenon. â€Å"Honor guard† refers to a member of the military who has a ceremonial function or to a small unit of military personnel with such a role. Closed compounds with guard as the second element include bodyguard, referring to an individual assigned or hired to protect someone or to a group or unit in that role; lifeguard, originally a synonym for bodyguard but now the designation for a person trained to rescue people from a body of water when they are at risk of drowning; and safeguard, which means â€Å"something that provides protection.† Want to improve your English in five minutes a day? Get a subscription and start receiving our writing tips and exercises daily! Keep learning! Browse the Vocabulary category, check our popular posts, or choose a related post below:Punctuating â€Å"So† at the Beginning of a SentenceStory Writing 101Drama vs. Melodrama

Gordons Health Assessment Essay Example | Topics and Well Written Essays - 2000 words

Gordons Health Assessment - Essay Example These functions relate to one another and can be used as evidence in making decisions on the outcomes of patient care. There are other factors that will affect the reliability of data that can be gathered in making health assessments that will be presented during the interview and physical assessment of the patient. Other factors such as physiological, psychological and even cultural factors can influence on how much or how little of the data can be gathered from the patient (Functional Health patterns, n.d.). Every patient will have different reactions when being interviewed about their health. Some patients may exhibit feelings of anger towards their health care provider stemming from previous encounters with other health care practitioners that left them with a bad impression. There is also the cultural aspect of the patient where they may find certain questions and medical practices opposed to their culture, tradition and beliefs. Others would be depressed about being or felling ill and refuse to cooperate. There is also the physical condition of illnesses where patients may be in too much pain or cannot give coherent answers because of adverse reactions to medication. The everyday stresses in the workplace can also affect the nurse that will be making the assessment. Personal conflicts and beliefs on culture and ethnicities can influence the way the assessment is being handled (Morrison & Ashley-Coe, 2001). Preparing for the interview is also a key element in making health assessments. Patient interviews need to be carefully planned. Interviewers need to get their patients' trust so that they can gather information as accurately as they can. As with any interview, it is important to maintain eye contact and avoid possible distractions. Learning from the patients' charts can give interviewers ideas on how to formulate questions for the assessment (Jarvis, 2004). It is the understanding of all these factors that can make a good health assessment, coupled with the theory of functional health patterns by Gordon. These functional health patterns divided into eleven subcategories can help in the evaluation of a patient's physical, emotional and psychological health. Case Study Maria is a female patient aged 60 years old with a history of diabetes and hypertension. For the past few months, the patient complained of having stomach cramps or indigestion and difficulty in sleeping. She also reported self medicating these cramps with over the counter medication but the symptoms was never alleviated. But she was not cooperative enough to submit herself to other lab testing in order to find out the cause of her stomach discomfort. She has been very diligent in taking her diabetic and hypertensive medication, but her blood sugar and blood pressure has been erratic. She attributes this to the discomfort that she has been feeling recently. The patient also reported having difficulty with her bowel movement where there were days where she could not void, the longest period being five days. There were two areas that had an impact on the patients' functional health or ability. These were Elimination and Sleep-rest. These two factors caused considerable discomfort to the patient and may be symptoms of underlying illnesses. For this, a comprehensive geriatric health assessment can be used in order to find

Biography of Porfirio Diaz Essay Example | Topics and Well Written Essays - 250 words

Biography of Porfirio Diaz - Essay Example It is at this place that Porfirio turned to become a carpenter’s apprentice and got the privilege to do some learning in a school called La Amiga. Following abject poverty experienced by the family, Porfirio dropped out of school before gaining complete literacy. Sometime later in life he joined a group of guerillas who by then were engaged in a fight against a resurgent by the name Antonio Là ³pez de Santa Anna. This period served to stir up his inner call to military, a factor that saw him spent his later years fighting in the army in opposition to the French and in the Mexico civil wars of mid to late 19th century. During his service in the army, he came to know a liberal politician by the name Benito Juà ¡rez who at one point became the president of Mexico. It was after the death of Juà ¡rez that Porfirio came to power with the help of the Catholic Church and the United States. The records have it that in 1876 he matched armed forces into Mexico City, overthrowing President Sebastià ¡n Lerdo de Tejada. During his reign, which lasted for a period of 35 years i.e1876 to 1911, Mexico experienced great advancement and modernization that saw its economy blossom. His tenure ended when he lost power in 1910-1911 following a rigged election that sparked the Mexican insurgency of 1910-1920.he died in

Comparing Gertrude and Ophelia of Shakespeares Hamlet Essay -- compar

A Comparison of Gertrude and Ophelia in Hamlet  Ã‚  Ã‚        Ã‚  Ã‚   The Shakespearean tragedy Hamlet features two female characters in main roles, Ophelia and Gertrude. They are similar in a surprising number of ways. This essay proposes to elucidate the reader on their likeness or similarity.    It is quite obvious that both Gertrude and Ophelia are both motivated by love and a desire for quiet familial harmony among the members of their society in Elsinore. Out of love for her son does Gertrude advise:    Dear Hamlet, cast thy nighted color off, And let thine eye look like a friend on Denmark. Do not for ever with thy vailed lids Seek for thy noble father in the dust. (1.2)    Likewise does she ask that the prince remain with the family: â€Å"Let not thy mother lose her prayers, Hamlet, / I pray thee stay with us, go not to Wittenberg.† Later, when the hero’s supposed â€Å"madness† is the big concern, Gertrude lovingly sides with her husband in the analysis of her son’s condition: â€Å"I doubt it is no other but the main, / His father’s death and our o’erhasty marriage.† She confides her family-supporting thoughts to Ophelia: â€Å"And for your part, Ophelia, I do wish / That your good beauties be the happy cause / Of Hamlet’s wildness,† thereby attempting to keep a loving relationship with the young lady of the court, even though the latter is of a lower social stratum. When Claudius requests of Gertrude, â€Å"Sweet Gertrude, leave us too; / For we have closely sent for Hamlet hither,† Gertrude responds submissively, â€Å"I shall obey you.†    Familial love is first among Gertrude’s priorities. When, at the presentation of The Mousetrap, she makes a request of her son, â€Å"Come hither, my dear Hamlet, sit by me,† and he... ...ossary of Literary Terms. 7th ed. New York: Harcourt Brace College Publishers, 1999.    Boklund, Gunnar. â€Å"Hamlet.† Essays on Shakespeare. Ed. Gerald Chapman. Princeton, NJ: Princeton University Press, 1965.    Burton, Philip. â€Å"Hamlet.† The Sole Voice. New York: The Dial Press, 1970. N. pag. http://www.freehomepages.com/hamlet/other/burton-hamlet.htm    Coleridge, Samuel Taylor. Lectures and Notes on Shakspere and Other English Poets. London : George Bell and Sons, 1904. p. 342-368. http://ds.dial.pipex.com/thomas_larque/ham1-col.htm    Kermode, Frank. â€Å"Hamlet.† The Riverside Shakespeare. Ed. G. Blakemore Evans. Boston: Houghton Mifflin Co., 1974.    Shakespeare, William. The Tragedy of Hamlet, Prince of Denmark. Massachusetts Institute of Technology. 1995. http://www.chemicool.com/Shakespeare/hamlet/full.html No line nos.      

Blinding Revenge-Hamlet

Michael Kuritnik 3/6/13 G-Block Blinding Revenge Fundamental themes are preserved throughout history because they relate to everyday aspects of life. Surprisingly, very little has changed since Shakespearean times. Although technology has changed the way in which humans communicate, people still react to emotional stimuli similarly to those of the middle ages. Anger has always triggered annoyance, uproar and violence. Like several characters in Hamlet, today’s society experiences a thirst for revenge because of something unsettling that ultimately stirred up anger.Individuals who strive for vengeance become overwhelmed with indignation. In some cases idiosyncratic deception and false imagery are used in order to attain what one seeks. Throughout Hamlet, Shakespeare emphasizes that revenge leads to chaos and ultimately inevitable debilitating consequences Revenge has the overwhelming ability to deteriorate a man into a monster. It influences Hamlet to make reckless decisions th at ruin him and eventually lead to his downfall. Hamlet is driven to insanity by his own desire to kill Claudius. Hamlet becomes so obsessed with revenge that it quickly consumes him.He exclaims in one of his soliloquy, â€Å"Like John-a-dreams, unpregnant of my cause And can say nothing- no, not for a king Upon whose property and most dear life A damned defeat was made† (II. ii. 595-598), feeling guilty and remorseful for not yet acting on his impulse for revenge. At this point, calling himself a coward for not having taken revenge, Hamlet clearly demonstrates his madness for vengeance. Moments later, blinded by revenge, Hamlet stabs Polonius on the impulsive whim that it may be Claudius spying on him. He feels no guilt for his reckless action, suggesting that he acted out of madness and had little thought through the affair.Consumed by revenge, Hamlet has deteriorated into a murderer. Immediately after Hamlet murders Polonius, Claudius becomes blinded by his own desire for revenge. In his rage, Claudius sends Rosencrantz and Guildenstern with Hamlet to England, where Hamlet fools the English into killing them instead of him. After sending them off, Claudius states, â€Å"I like him not, nor stands it safe with us to let his madness range,† understanding that the best method of containing Hamlet’s revenge is to keep Hamlet close; however Claudius’ anger leads him to send Hamlet to his unhonorable death (III. ii,L1-2). By attempting to avenge Polonius, Claudius ultimately sets up his own demise, as well as Rosencrantz’s and Guildenstern’s. If not for Claudius’ rash decision to send Hamlet away, Hamlet would have never been able to contact Norway and send the spies to their deaths by sabotaging the letter. Laertes’ vengeful decisions lead to detrimental consequences and the deaths of virtuous lives. Enraged by his father’s death, Laertes decides to make an attempt on Hamlet’s life. Playing co ol and pretending to wish for a duel in fun, Laertes tries to gain his revenge.As a result of his recklessness, the entire court of Denmark is killed. Lying motionlessly on the cold marble floor, Laertes whispers to himself, â€Å"The foul practice Hath turned itself on me. Lo, here I lie, Never to rise again,†his lungs gasping for one last breath of air (V. ii. 348-350). Only on his deathbed does Laertes realize the irony and the mistake he made by seeking revenge. This is because Laertes’ obsession with vengeance for his father’s death tempted him to plot for murder with the devious Claudius.Treachery and vengeance, which blinded Laertes, actually lead to his downfall and make him feel at blame for the deaths of innocent people. Not surprisingly, the modern world is full of regretful acts of vengeance. Imperialist Japan shocked the world by bombing the United States at Pearl Harbor in December of 1941. As a result, the United States launched a huge pacific off ensive while also sending troops and resources into a large Europe campaign to assist against the Nazis. Similarly, Claudius’ killing of Hamlet’s father triggered Hamlet to seek revenge at all costs.After essentially winning the war, the United States turned their eyes back to the Japanese who had so mercilessly brought them into the fight. Within a week of the dropping of the first atomic bomb, Japanese opposition crumbled. This historical win marked a huge accomplishment, but the US would soon come to regret their decision. By dropping the atomic bomb on Japan, the US gave away critical information as to the extent of their power. Major allies and enemies began constructing their own nuclear weapons, launching the world into the Cold War era.In addition, the atomic bomb obliterated Japanese morale and culture, reducing the island country back to the bottom of the food chain. It would take many years before Japan could return to its former prominence. Today in US hist ory classes students discuss the ethics behind the dropping of the atomic bomb on Japan because of the death, despair, and world chaos that came as a result of payback for a small bombing at Pearl Harbor. In their pursuit for revenge, both America and Hamlet went too far, which resulted in mass killings and the destruction of powerful nations.Shakespeare’s message has proven to reiterate itself through the years. As shown when the otherwise noble Hamlet is driven to blindly kill Polonius, when Claudius dooms his servants unintentionally, and when Laertes’ actions result in the death of the Court of Denmark. Shakespeare makes it clear that revenge’s consequences are drastic. As in the bombing of Japan, this statement is tried and tested every day in the real world, albeit on a much smaller scale. Everywhere revenge is sought after, the aftermath is worse than the beginning.

The War On Drugs. [Document Subtitle]. . Adonis Cleridor.

THE WAR ON DRUGS [Document subtitle] ADONIS CLERIDOR 2ND PERIOD America is at war. We have been battling drug mishandle for very nearly a century. Four Presidents have by and by battled against medications. Sadly, it is a war that we are losing. Tranquilize abusers keep on filling our courts, healing centers, and detainment facilities. The medication exchange causes rough wrongdoing that assaults our neighborhoods. Offspring of medication abusers are ignored, manhandled, and even surrendered. The main recipients of this war are sorted out wrongdoing individuals and street pharmacists. The United States has concentrated its endeavors on the criminalization of medication utilize. The administration has, without much of any†¦show more content†¦Medications were no longer observed as safe solutions for a throbbing painfulness. The Harrison Narcotics Act, go in 1914, was the United States first government tranquilize arrangement. The demonstration confined the fabricate and offer of pot, cocaine, heroin, and morphine. The demonstration was forcefully implemented. Doctors, who were recommending medications to addicts on upkeep projects were brutally rebuffed. In the vicinity of 1915 and 1938, more than 5,000 doctors were indicted and fined or imprisoned. In 1919, The Supreme Court ruled against the support of addicts as a honest to goodness type of treatment in the United States. America s first government tranquilize arrangement focused on doctors and drug specialists. In 1930, the Treasury Department made the Federal Bureau of Narcotics. Harry J. Anslinger headed the office until 1962 and formed America s medication arrangement. Under his residency, medications were progressively criminalized. The Boggs Act of 1951 definitely expanded the punishments for cannabis utilize. The Narcotics Control Act of 1956 made the most correctional and severe hostile to opiates enactment at any point received by Congress. All attentiveness to suspend sentences or allow probation was wiped out. Parole was permitted just for first guilty parties indicted ownership, and capital punishment could be conjured for any individual who sold heroin to a minor. Anslinger was incredulous of judges for being too