Accounting Estimates and Policy Essay

Disclosure of significant sources of estimation uncertainty and judgments in applying accounting policies are two important requirements in financial reporting, although these are the most subjective and complex areas, they are of significance in making business decisions to users of financial statements. This paper compares our company’s current accounting practice with the requirements in respective accounting standards in relation to disclosure of sources of estimation uncertainty and judgments in applying accounting policies with the aim the identify any gaps between these two which may trigger ASIC’ reviewers attention. It takes a look first at the requirements in respective accounting standards (Chapter 2). It then examine the current accounting practices in our company (Chapter 3 and 4) and identify the gaps between company’s practice and accounting standard (Chapter 5). At the end recommendations are made for a better-compliant report (Chapter 6). Requirements in accounting standards The disclosure of significant sources of estimation uncertainty and judgments in applying accounting policies should be disclosed separately in the financial reports. Not only the nature of estimates should be disclosed but also the sensitivity analysis to these estimates should be included. Judgments in terms of whether the nature and the amounts are relevant to the company’s operation are critical in applying the respective accounting policies. See more:Â  Mark Twain’s Humorous Satire in Running for Governor Essay Company’s accounting practices Estimations disclosed are impairments for intangible goods, provision for restoration and rehabilitation, employee benefits, estimation of useful lives of assets and ore reserve and revaluation estimates. judgments in applying accounting polices are disclosed in two areas which are depreciation of non-financial tangible goods and taxations. Identifying the gaps Our company prepared the financial statements in compliance to Australian Accounting Standard. However there are minor gaps between our company’s practice and the requirements in accounting standards in terms of content and manner. More significant disclosure could have been made the structure can be improved. Conclusion and recommendations Disclosures about timing in revenue recognition, classification of finance leases and operating leases and going concern could have been included, since they are relevant to our company’s operating and can better assist users in evaluating our company’s performance. The disclosure of estimates and judgments should be disclosed in separate notes since it is required by AASB 101. 1 Introduction ASIC announced recently that one of its focusing area would be the disclosure of entities’ estimates and accounting policy judgements.This is because some entities did not make material disclosure of sources of estimation uncertainty and significant judgments in applying accounting policies, while these disclosures, though subjective and complex, are critical factors in business decision-making. The purpose of this report is to identify any gaps between our company’s current accounting practice and the requirements of accounting standards by firstly looking at the requirements set out in the related accounting standard, then to carry out an examination of the current accounting practice of our company accordingly. The report will then compare the information collected and identify any compliance with or deviation from AASB requirements in regards to disclosure in estimates and accounting policy judgments, and discuss recommendations for a better compliance report to meet the satisfaction of ASIC reviewers. 2 Requirements in respective accounting standards AASB 101 paragraph 112-133 specifically state the requirements for material disclosures of sources of estimation uncertainty and the significant judgments used in applying accounting policies. 2.1 Requirements for disclosures of sources of estimation uncertainty According to AASB 101 paragraph 125-129 which relate to disclosure of sources of estimation uncertainty. entities are required to disclose estimates at the reporting date that have a significant risk of causing a material adjustment to the carrying amounts of assets and liabilities within the next financial year (AU AASB 101.125). for these assets and liabilities, details of their nature and their carrying amount at the end of reporting period are required. To determine the carrying amount of assets and liabilities, estimations for the effect of future events are needed. for example, when the recent market value is absent, future-oriented estimates are of necessity in measuring recoverable amount of property, plant and equipment. Other examples can be long term employee benefits, or provision liability which subject to future results of legal events. The manner of the disclosures should be in a way that can assist users of the financial statements to comprehend the judgments that managements makes about the future and other sources of estimation uncertainty, usually users will expect to have the nature of the assumptions or other estimation uncertainty and the extent of sensitivity disclosures provided for the estimates. However, in some cases when the extent of possible effects the sources of estimation uncertainty at end of reporting period become impracticable, the entity should state that a material adjustment to the carrying amount of the asset or liability may be required if the outcomes within the next financial period are different from the assumption. 2.2 Requirements for disclosure of judgments in applying accounting policies According to AASB 101 paragraph 117-124, requirements for disclosure about judgments used in applying accounting policies are set out. ‘Judgments’ are defined as ‘apart from those involving estimations, that management has made in process of applying the entity’s accounting policies and that have the most significant effect on the amounts recognized in the financial statement (AU AASB 101.122). Two important elements to be disclosed are judgments about the measurement basis used in preparing financial statements and the other accounting policies. Judgments in terms of the relevance in applying a particular accounting policies should be exerted since management needs to consider whether the disclosure would assist users in understanding the financial position and performance of the company. it is noted that not only AASB 101, but other accounting standards such as AASB 116 (disclosur e of the measurement bases used for classes of property, plant and equipment) also states the requirements for judgments. what should be taken into account when applying a particular accounting policy are the nature of the entity’s operations and the policies that users of financial statements would expect to look at. for example, users would expect a manufacturing company to disclose its accounting policies for depreciation and revaluation on property, plant and equipment. or, users concerning about the entity’s income taxes would expect the entity to disclose information on accounting policies for income taxes, including deferred tax liabilities and deferred tax assets. it may be the case that even the amount for certain assets and liabilities are not material, but because it is highly relevant to the entity’s operation, then professional judgments are needed when applying the accounting policies. 3 Company’s current accounting practice—Resources of estimation uncertainty The disclosures of significant accounting estimates and assumptions are examined in note 2 to the financial statement, there are seven estimations made for the financial reports, the ones that deserve attention to are impairment of goodwill and intangibles with indefinite useful lives, provision for restoration and rehabilitation, employee benefits, estimation of useful lives of assets and ore reserve and resource estimates. 3.1 Impairment of good will and intangibles with indefinite useful lives detailed disclosure about the assumptions and estimates used in calculating the impairment value are * Discount rate: it requires management’s estimate of the time value of money, in the financial report, weighted average cost of capital of the entity and business risk specific to the unit are accounted for the calculation. * Market conditions: management made assumptions on key domestic market segment activity including construction, mining, agriculture and manufacturing, and also assumptions on GDP, CPI as well as long-term exchange rates for AUD/USD and NZD and made sure they are consistent with external information. * Sensitivity to changes in assumptions: management considered that the carrying amount of the CGUs would not exceed their recoverable amount given any changes from the above assumptions. 3.2 Provision for restoration and rehabilitation the provisions include future cost estimates in relation to dismantling, closure and decontamination of various site, and the calculation for these requires assumptions on application of environmental legislation, available technologies and consultant cost estimates. Since these factors are subject to changes in the future, updates need to be made periodically. in Note 18, three main categories are provision for restoration and rehabilitation, provision for legal customer claims(legal fees) and provision for restructuring. 3.3 Employee benefit employment benefit such as long service leave would require estimation on future salary, discount rate and the years that the employee may work for our company. Other actuarial assumptions are applied when calculating defined benefit plans for employees. 3.4 Estimation of useful lives of assets basing on historical experience, management made the estimation of the useful lives of assets .The condition of the assets is assessed at least annually and considered against the remaining useful life, adjustments are made accordingly. 3.5 Ore reserve and resources estimates This is the estimation of the amount that can be extracted economically and legally from the entity’s mining properties, the calculation is based on the geological judgments and other factors such as foreign exchange rates, commodity prices and the size and grade of the ore body. 4 Company’s current accounting practice—judgments in applying accounting policies Judgments in applying accounting policies were disclosed in Note 2 under ‘Significant accounting estimates and judgments’. Two significant accounting judgments are identified in Note 2, being ‘impairment of non-financial assets other than goodwill and intangibles with indefinite useful lives’, and ‘Taxation’. 4.1 Impairment of non-financial tangible assets Our company take into account the relevant factors, such as business performance, technology, economic and political environments and future business expectations when assesses the impairment of all assets. management decides that the recoverable amount of the asset is determined if an impairment indicator exists. for the financial period ended 30 June 2012, management regarded that the indicators of impairment were significant enough so that assets have gone through impairment tests and recoverable amounts were determined. 4.2 Taxation Our company is subject to income taxes in Australia and jurisdiction where foreign operations apply. While ultimate tax on transactions and calculations are uncertain, judgments is required in assessing whether deferred tax assets and deferred tax liabilities are recognized on the balance sheet and the application of certain income tax legislation. Because there is risk and uncertainty involved in making judgments, there is a possibility that the amount of tax assets and liabilities recognized on the balance sheet would be impacted if there are changes in future circumstances, resulting in a change to income statement. Judgment is also exerted when determining whether deferred tax assets should be recognized, and it is based on that highly considerable likeliness that the tax losses can be recovered by sufficient future taxable profits. 5 Comparisons between company’s current accounting practices and accounting standard requirements It is important that our disclosures are in compliance with the requirements in Australian Accounting Standard Board. After the explanation of AASB101 and the examination of the note to our financial statements, the following points should deserve attention from the board: 5.1 Disclosure compliance Our financial statements disclose and only disclose the critical judgments about the application of accounting policies, and major sources of estimation uncertainty inherent in assets and liabilities, the information provided is appropriately tailored to our company’s circumstances, for example, our company is subject to income taxes, therefore the policies of calculation of income taxes, recognition of deferred tax assets and deferred tax liabilities are disclosed in note 1 to the financial statements. Since we are material company, ore reserve is highly relevant to our operating activity, therefore the estimation for ore reserve is disclosed in note 2 listing the factors we took into account when preparing the financial statements. 5.2 Content of disclosure the potential gap between our company’s current practice and accounting standard is that some other disclosures about judgments can be included in the notes, such as the judgments in the classification of leases as finance or operating. Although this figure is not material as shown in the financial statements, leased assets are relevant to our operating activity and should be included. 4.3 Manner of disclosure Another gap is that in AASB 101 critical judgments and major sources of estimation uncertainty should be considered separate categories, in our company’s note to financial statement, these two items are placed under the same note 2. 6 Conclusion and recommendation After the comparison between our company’s current accounting practice and the requirements in accounting standard, to better satisfy the ASIC reviewers, the following points can be noted when preparing for the financial statements: 6.1 Improvement in contents we can included some other judgments we used in applying the accounting policies, such as the classification of assets ( whether a non-financial asset held of sale, or class of financial asset), classification of leases as operating or financial leases, and going concern judgments. The lease assets amount might not be as material as others, but these are relevant to material company like us and therefore the judgment involving in choosing the accounting policies should be disclosed, and so does going concern, it is believed that the reasonable disclosures of management’s judgment on going concern can assist users in making financial decision. 6.2 Improvement in structure Critical judgments should be separately identified from the estimation uncertainties, and should be disclosed in separate notes. This is because in AASB 101 it makes clear distinction between judgments and estimations. Not only the content but also the structure and manner of presentation are critical in achieving true and fair disclosures.

Mobile American Sign Language

Inaccessible technology interferes with an ability to obtain and use information quickly and easily. Mobile American Sign Language by the University of Washington is about a recently develop cell phone software that allows deaf and hard-of-hearing people to use ASL through video calls. â€Å"The MobileASL team has been working to optimize compressed video signals for sign language. † This was a great article to read. I was excited when I was able to video chat on my cell phone, so I know deaf people are very excited to have a way of talking to each other over video chat. It is a much better way of communication for deaf and hard of hearing. Once MobileASL software is worked out it could possibly run on any mobile device. â€Å"Transmitting sign language as efficiently as possible increases affordability improves reliability on slower networks and extends battery life, even on devices that might have the capacity to deliver higher quality video. † Researchers have brought the data down to about 30 kilobytes per second while still relaying clear sign language. The participants in this study were pleased with MobileASL. Most deaf or hard-of-hearing people use text messages as a means to communicate on a cell phone. Text messaging is a good way to communicate but sometimes it is slow and the message might not be clear. Sometimes they don’t know if the person even receives the text message. I will have to find me sum deaf friends now because I love to video chat with others. Since I’m learning ASL they could help me study and still be at the house and me at mines. MobileASL can detect if you are the one signing or not. This detection helps save the battery life. If you are the one signing you use more of the battery. So I suggest you just â€Å"listen†, you will save your battery. Some phone companies need to find out how they do this so my phone battery could last longer. I would have thought that ASL signers could have video chat with an iPhone but that’s not the case. Yes they could use the iPhone but the prices are way too high. Some broadband companies have blocked the â€Å"bandwidth-hogging† video conferencing from their network. The iPhone uses 10 times more bandwidth than MobileASL. What’s the reason for them to block the bandwidth? They should be trying to help. I will read more about this because this is very interesting to me. It’s interesting that they haven’t come up with some kind of software already. Deaf and hard of hearing people do need another means of comminuting on the mobile phones besides text messaging because sometimes that just doesn’t work. The prefer talking face to face anyway. I still would like to know why they are blocking the bandwidth instead of trying to help improve the problem.

Education For Children With Disabilities Education Essay

It is estimated that there are 500-650 million individuals with disablements in the universe, about 10 % of the universe population, 150 million of whom are kids. More than 80 % unrecorded in developing states with small or no entree to services. The bulk of kids with disablements, in developing states remain out of school and are wholly illiterate.[ 1 ]This is the information provided by UN Committee on the Rights of the Child, which provides us with an thought of how large is the issue refering right to instruction of the kids with disablements. Even though bulk of the provinces have ratified assorted international human rights instruments, many of them fail to guarantee to carry through all the duties prescribed under international human rights jurisprudence instruments. I will turn to following job on illustration of Georgia. Are handicapped kids ‘s instruction rights protected in equal manner as of kids without disablements in Georgia? What are the chief jobs of implementi ng human rights instruments ‘ commissariats and what has to be done in order to give kids with disablements equal opportunity to bask their educational rights? And is inclusive instruction solution to the job? Right to instruction has been enshrined in several human rights instruments such as: The 1948 Universal Declaration of Human Rights ( Art.26 ) ; The International Covenant on Economic, Social and Cultural Rights ( Art.13 ) ; Convention on the Rights of the Child ( Art. 28 ) ; Convention on the Rights of Persons with Disabilities ( Art.24 ) etc. All the above mentioned instruments underscore the rule of non-discrimination and equality in the right of instruction. Hence, kids with disablements are entitled to the same educational rights as others. When turn toing this issue I will chiefly discourse right to instruction of the kids with disablements under the Convention on the Rights of the Child ( CRC ) , as it is the major human rights instrument refering kids ‘s rights in general. Article 28 of Convention on the Rights of the Child provides that provinces parties recognize the right of a kid to instruction on the footing of equal chance, doing primary instruction compulsory and available free to all[ 2 ]. The undermentioned article underscores that everyone has equal chance to have assorted degrees of instruction, but foremost and first importance of compulsory primary instruction and its handiness for free of charge. Article 29 of CRC states the purposes of instruction, such as â€Å" development of kid ‘s personality, endowments and mental and physical abilities to their fullest possible [ aˆÂ ¦ ] † Article 2 of CRC is associating to equality and non-discrimination rule including guaranting and este eming rights of handicapped kids without any favoritism on the evidences of disablement. Among the above mentioned commissariats, article chiefly with respect to the rights of handicapped kids is Article 23 of CRC, which once more high spots that province parties have to guarantee handicapped kid ‘s effectual entree to instruction ( Art.23 ( 3 ) ) . In 2006 The Committee on the Rights of the Child has adopted its General Comment No 9 on the topic of the rights of kids with disablements, turn toing some nucleus affairs refering rights of handicapped kids, nucleus duties of province parties, general steps of execution of the Convention etc. In the undermentioned remark Committee among other issues underlines the significance of rights of instruction of kids with disablements. Committee addresses the importance of inclusive instruction. Inclusive instruction should be the end of educating kids with disablements. The mode and signifier of inclusion must be dictated by the single educational demands of the kid, since the instruction of some kids with disablements requires a sort of support which may non be readily available in the regular school system.[ 3 ]The same rule of inclusive instruction is besides provided in the Implementation Handbook of the Convention on the Rights of the Child prepared by UNICEF. Harmonizing to the Handb ook â€Å" the instruction of handicapped kids should be provided â€Å" in a mode conductive to the kid ‘s accomplishing the fullest possible societal integrating ( Article 23 ( 3 ) ) which means that handicapped kids should, wherever possible, be educated in mainstream schools alongside with kids without disablements. †[ 4 ] Even though rule of inclusive instruction is seen by UN human rights organic structures as a solution for bettering enjoyment of right to instruction of handicapped kids, some look on this facet from more deep position. For illustration Marcia H. Rioux and Paola C. Pinto in their recent article reference this issue, harmonizing to them: â€Å" Even when, in more recent decennaries, inclusion has become the mantra of instruction systems worldwide, the disagreement between normative models and the resources available on the land to recognize the right to education for all has frequently created new signifiers of marginalisation and exclusion along ability lines. Indeed, acquiring kids with disablements in schools is non plenty. If inclusion merely changes the location of the schooling of the kid but the negative stereotyping persists, so the outlooks for that kid ‘s acquisition will go on to be less than for other pupils. It makes a parody of inclusion. Bing ‘in ‘ a schoolroom, but non an integrated and equal participant in the really cloth of larning contradicts the intent of schooling. This is what is sometimes characterized as soft inclusion – inclusion that addresses topographic point but non the substance of larning. †[ 5 ]These writers emphasize, that â€Å" A rights attack to instruction, by contrast, highlights the demand for a holistic position, necessitating a model that takes into consideration non merely the right of entree to education throughout all phases of childhood and beyond, but besides the right of quality instruction and the right to esteem in the acquisition environment. †[ 6 ] The equality, non-discrimination and integrating of handicapped kids in the mainstream instruction, are the precedence issues on human rights docket in Georgia. Since confirmation of Convention on the Rights of the Child on June 2 of 1994, Georgia has submitted three studies to the Committee. These studies give clear thought about the jobs in the procedure of implementing equality and non-discrimination rules in respects of instruction of handicapped kids. The coverage process shows what the spread of implementing CRC on national degree are. The 2nd periodic province party study provides with more or less elaborate information refering right to instruction of handicapped kids. Harmonizing to information provided by the Ministry of Education of Georgia, there are 20 particular residential schools for mentally and physically handicapped kids under its legal power. There are two places for handicapped kids under the legal power of the Ministry of Labour, Health and Social Welfare, lodging a sum of 157 kids. The Ministry of Labour, Health and Social Welfare has besides prepared a programme for the nationwide reform of the system of commiting handicapped kids. The Ministry of Labour, Health and Social Welfare points out that, non with standing certain betterments in recent old ages in the budget support of institutional constitutions, this programme is still underfunded. It is unable to supply full support for rehabilitation work, peculiarly that of a societal nature, which in bend earnestly hampers the undertaking of incorpo rating handicapped kids into society. The programme aims to guarantee a significant betterment in the chances available to kids in this class for psychological, educational and societal rehabilitation.[ 7 ]In response to this study, Committee published its Concluding Observation in 2003, supplying some recommendations in respects of right to instruction of kids with disablements. More exactly, The Committee is concerned that the right to non-discrimination is non yet to the full reflected in the State party ‘s statute law, policies and programmes at the national and local degrees.[ 8 ]The Committee remains concerned that kids with disablements remain outside mainstream instruction and are marginalized in society.[ 9 ]The Committee recommends the province party to take the necessary steps to incorporate kids with disablements in the mainstream instruction system and society.[ 10 ] The latest study submitted to the Committee by Georgia was in 2007. State party provides with following information, that The NGO â€Å" Children of Georgia † in coaction with UNICEF undertook an appraisal of handicapped institutionalised kids and their capacity for reintegration, and of handicapped kids populating with their households. New methods for measuring handicapped kids were developed and adapted to the Georgian context. Based on this appraisal, a scheme for reintegration and inclusive instruction will be developed.[ 11 ]Harmonizing to the Ministry of Labour, Health and Social Affairs of Georgia, a national policy refering the handicapped kids is reflected in the determination of the Parliament of Georgia of 13 February 2004 sing the chief waies of the societal policy aimed at protecting the rights of handicapped kids, above mentioned papers includes precedence issues such as: a ) harmonisation of the Georgian statute law with the norms and criterions provided for by international conventions ; B ) inclusive and incorporate instruction.[ 12 ]Harmonizing to the Ministry of Education and Science, until late, there were few options to institutional attention or instruction in particular schools for kids with disablements in Georgia. However, the state of affairs has changed with the passage of a new Law on general instruction, which stipulates in paragraph 4 of its article 31 that â€Å" general educational establishments are authorized to make conditions for inclusive instruction † . This proviso has created an unprecedented chance for Georgia to cut down the demand for institutionalization that frequently was the lone option for kids with disablements.[ 13 ]Based on this statute law, pilot undertakings on inclusive instruction have been launched in 10 Tbilisi schools with the position to affecting kids with particular demands in the instruction procedure. Monitoring of these undertakings has shown that due to inclusive instruction sociall y isolated, alienated and handicapped kids are going more incorporate into society.[ 14 ]Sing 3rd periodic study of the province of Georgia, the Committee adopted its Concluding Observation in 2008. The Committee is still concerned that, despite the Constitutional and other warrants, the rule of non-discrimination is non to the full respected in pattern with certain groups of kids, including kids with disablements.[ 15 ]The Committee recommends that the State party addition its attempts to supervise and guarantee execution of bing Torahs vouching the rule of non-discrimination and full conformity with article 2 of the Convention.[ 16 ]The Committee recommends province party among other issues to see: a ) signing the Convention on the Rights of Persons with Disabilities and its Optional Protocol ; degree Celsiuss ) pursue attempts to guarantee that kids with disablements may exert their right to education to the maximal extent possible.[ 17 ] As we see from the illustration of Georgia, Georgia still faces many jobs in respects to fulfillment of its nucleus duties on the topic of the right to instruction of handicapped kids. I agree with the thought that, â€Å" It continues to be a slow procedure for the acknowledgment of the right to instruction for kids with disablements to go recognized and implemented. There is an pressing demand to supervise the systemic conditions that have led to the disagreement between policy and pattern, between theory and execution. There is a farther demand to disaggregate informations in order to do seeable the favoritism and exclusion of many kids with disablements, to develop new policies that target people with disablements and to mensurate the advancement towards cosmopolitan instruction † .[ 18 ]Georgia still has to take more stairss such as: adopt and enforce national statute law in respects of handicapped people ; sign and implement the Convention on the Rights of Peoples with D isabilities ; raise financess on instruction of handicapped kids ; have more cooperation with international human rights organisations ; do schools accessible for kids with disablements, promote public consciousness that disabled kids are portion of the society, train school staff and instructors, etc. Georgia has merely to esteem, protect and carry through right to instruction of kids with disablements. Solving all of these issues is non a myth, but world, negative facet is, unluckily it takes long clip.

Compare and contrast the 7S and Mintzberg's configuration models of Assignment

Compare and contrast the 7S and Mintzberg's configuration models of organisations - Assignment Example In this paper, emphasis is given on two, quite popular, theoretical frameworks: the McKinsey 7s Framework and the configuration model of Mintzberg. The elements and the role of the particular models are critically evaluated and analyzed referring to relevant literature. Between the two models, McKinsey’s 7s Framework is simpler and more flexible, a fact that makes it easier to be used when the time available for the evaluation of business performance is limited. On the other hand, when details need to be retrieved in regard to the potential transformations of an organization so that its effectiveness is increased, then the Mintzberg configuration model, that offers a clearer view on organizational processes, would be preferred. In regard to the above, current paper would be based on the following thesis statement: McKinsey’s 7s Framework and the Mintzberg configuration model are valuable models for measuring business performance. The former refers directly to the seven factors influencing business performance while the latter uses organizational structure as an indicator of business effectiveness. 2. McKinsey 7s Framework vs Mintzberg’s configuration model 2.1 Key characteristics of the above models In order to understand the differences and similarities of the two models, it is necessary to refer primarily to their characteristics and their role within modern organizations. In addition, the elements of each of the models need to be analyzed at the level that these elements can influence the models’ performance when used within a particular market. 2.1.1 McKinsey 7s Framework The McKinsey 7s Framework is commonly used for the evaluation of business performance. The Framework was first introduced in 1980s (Witcher and Chau 2010). It was only after two years, in 1982, that ‘Peters and Waterman included this model in their book ‘In search for Excellence’’ (Witcher and Chau 2010, p.248); it was through that book that McKinsey 7s Framework become popular worldwide. The McKinsey 7s Framework is based on the following view: the performance of each organization is influenced by seven factors/ variables (Witcher and Chau 2010). When having to evaluate organizational performance these variables need to be reviewed (Witcher and Chau 2010). The variables highlighted in the particular Framework are presented in Figure 1 below. A key characteristic of McKinsey’s 7s Framework is the following: the variables on which the framework is based tend to interact on a continuous basis (Witcher and Chau 2010). This means that the performance of each of these variables influences, necessarily, the performance of other variables (Witcher and Chau 2010). In addition, changes on one or more variables will also affect other variables (Witcher and Chau 2010). The relationship between these variables is made clear in Figure 1. On the other hand, the level at which each variable influences the other variables of the framework is not standardized, depending on the conditions in the organizational environment, the availability of time for analyzing organizational behaviour and so on. Figure 1 - McKinsey 7s Framework (Source: http://gs.utcc.ac.th/ceomba/mk/0%20Mar55/add/The%20McKinsey%207S%20English.pdf) In order to

Injuries Research Paper Example | Topics and Well Written Essays - 250 words

Injuries - Research Paper Example Bursa is never inflamed on its own but when it is used for a long period, or there is an injury on a joint that exerts a pressure on it, then it inflames. Over usage and injury also causes the sac to fill with extra fluid that exerts pressure around its surrounding tissue. This pressure causes pain and inflammation of the sac and swelling. Age factor plays a vital role in causing Bursitis. Bursitis is mainly caused in shoulders because shoulders have most frequent motion than any other body part. However, the pain caused is aggravated after a night’s sleep that hinders the flow of normal activity. Other areas where these is a great chance of bursitis are â€Å"elbows, hips, knees and base of thumb† (Vigorita et al., 2007). The treatments of Bursitis include many methods but the most common ones are icing, use of inflammatory medicines, physical therapy, and rest. These four methods not only relieve the pain but also reduce the swelling. According to Orthopedic Pathology , â€Å"treatment of bursitis includes usage of NSAIDs. Aspiration and bursectomy are options for more chronic conditions. Intrabursal tetracycline should be used in chronic olecranal bursitis† (Vigorita et al., 2007). References Vigorita, V. J., Ghelman, B., & Mintz, D. (2007). Orthopaedic Pathology. Lippincott Williams & Wilkins.

Innovation and change (Mobile phone industry ) Essay

Innovation and change (Mobile phone industry ) - Essay Example Government has always bended its brows on companies that have innovated in their technology and business practices but not provided for safe and eco-friendly disposal of parts and batteries (â€Å"Life Cycle Management: A business guide to sustainability†). Being responsible to the environment affects the product offering in the way that consumers make an image of unethical manufacturer in their minds. Nokia has been able to create a good image by providing for eco-friendly disposal of its handset parts across the world. Taxes are means of revenues for Government. A flourishing industry provides better prospects of high taxes to the government. Mobile phone industry has climbed up the ladder of evolution and growth in a very short span and has also been taxed heavily for latest technological innovations. These innovations sometimes help to curb emerging competition due to its monetary intensity and also help avoid malpractices which might take place under innovation disguise. Consumer protection laws and regulations also have a huge bearing on innovation taking place in mobile industry. Innovations are expensive and if the involved technology does not satisfy customer requirements, it has to be replaced abiding by consumer laws, which could be a means of huge losses for the innovator (Bonthron 2009). Technology reducing international distances every day, mobile manufacturers have to resort to efficiency in operational costs by rationalizing their supply chain through international trading. However, across borders, import and export charges and duties have much affected the growth of mobile phone innovation. There have been many cases where host government has denied entry of foreign players due to the fear of their market being captured by other telephony giant, thereby siphoning a major portion of their GDP. Competition has been very stiff in the mobile phone

Life in the Colonial Convent. in Latin America Research Paper

Life in the Colonial Convent. in Latin America - Research Paper Example Conquering nations placed value on convents. Monastic life gained respect and power in the society. Distinction of ethnicity, honour, and gender between the nuns increased with the passage of time. Many individuals were being used as slaves and servants in the convents. Convents generated financial resources by getting money from wealthy families; this defined numerous classes of people as per their financial standings (Bethell 56). Factors like demography, spatial variations and economy caused differences in women’s lives. Spanish women were given almost all the rights and protection during the colonial period in Latin America. Education and protection for women was ensured at the convents but other races and classes suffered as there were no rights and convent for them in Latin America (Skidmore & Smith 71). Latin America was male dominated colonial world and women were not allowed to take part in any activity without the permission of male. Male member of the family was onl y allowed to take all decision in day-to-day social life. Race and class distinction was firmly enforced and people were dealt accordingly. Women used two types of veils for differentiating leaders from servants. Nuns wearing black veils were from wealthy families and brought all the precious items with them. ... Mestizo women were only employed as servants. These practises at the convents enacted social barriers in the human life in the colonies (Edwards 128). Convents were initially established only in the main cities of Latin America. Walls were built to separate the convents from the cities. That is why convent used to give a deserted look. Keeping of slaves and servants in convents was as normal as in rest of the world. there are numerous examples in Latin America and people also say that between two convents in Cuzco , more than 500 living out of which 50% were nuns (Bethell 61). Influential families lived in separate homes within the convent and kept orphan girls as servants along with other servants. Dona Juana de Maldonado constructed good house for herself. She used dozen of black maids in construction of accommodation in the convent. Juana also spoke about gender double standards in her poems (Skidmore & Smith 75). Convents in Latin America used multiple sources to generate revenue s. Nuns took oath of obedience and poverty to their superiors. Wealthy families residing in convents could not manage to give a luxurious life to their daughters because a huge amount of money was paid to church and convent. Nuns were considered â€Å"brides of Christ† so all nuns were expected to give their dowry to church. Quantity of dowry presented to church, dictated the amount of luxurious lives that nuns can live. 6000 pesos was entry fee in the convent in Lima. For a luxurious living, convent used to charge double amount (Edwards 132). Demography, spatial variations and economy caused differences in women’s lives in colonial Latin America. Islamic way of social life was fully followed by the Iberian women during the colonial age in old and the new world.