Management Report Example

Management report example can be defined as a specified formal written document that adjacent a business institution profit, as well as, loss rates. Normally, the idea behind any report is to outline how the company performed, as well as, define what issues it faced throughout the years. Management reports mostly divide institutional profits and losses by divisions, customers, products/services and geographic location. Management report example is normally conducted by middle managers who acquire their data from all kinds of systems, including computers, other reports, and financial statements. Management reports are generally conducted by private companies, though public organizations are also known to produce such type of reports for the exact same reason. Management Report for Microsoft Corporation 1. Company Progress Summary Microsoft Windows 10 Operating System is generally considered to be a successful investment of time and resources due to the fact that it surpassed sales expectations, as well as, consumer satisfaction rate. Clearly, by the end of the development cycle, the company faced mixed opinions from the public sector regarding the new â€Å"Start† button within the system. However, despite critical implications, the end result was more than satisfying, both for consumers and Microsoft alike. 1.1 Milestones During the development process of the new operating system, the company reached all milestones in time and offered a high quality product by the end. The following table represents all critical achievements the team met during project development. Table 1 Milestone Baseline Date Target Date Impact of achievement Create UI design 8.02.2015 10.02.2015 Development of the User Interface (UI) progressed the work due to the fact that coders were able to adapt system libraries. Program system library 19.03.2015 20.03.2015 Development of system libraries enabled the sound department to fully implement and adjust all critical system signals Firewall Implementation 20.05.2015 25.05.2015 In-time development of firewall system fully removed the necessity to develop a specific security mechanism within the browser 2. Budget Funding Sources The following table represents a brief list of financial income and expenses made during the development process of the new operating system. Table 2 Source of funding Funded Spent Stakeholders $ 2 500 000 $ 2 000 000 Governmental funding $ 500 000 $ 500 000 Shareholders $ 600 000 $ 500 000 Total project funding $ 3 600 000 $ 3 000 000 3. Comments The whole development process featured several unexpected expenses since the team that was responsible for debugging lacked proper equipment. Furthermore, the marketing campaign had to be revised several times due to development shifts made by the team during the development cycle. Another massive unexpected expense was made by the logistic department. All other expenses went on development process as noted in project funding. 4. Recommendations In order to reduce future unexpected expenses, it would be beneficial to develop a training program that would address issues such as personal time management, debugging speed, and coding efficiency. Moreover, it is of utmost importance to develop a dedicated debugging department since it was the core reason of additional expenses. References Financial management report: Department for International Development. (2011). Great Britain. Guidelines for auditing process safety management systems. (2011). Hoboken, N.J. Myerson, T. (2015). The next generation of Windows: Windows 10. Windows Experience Blog. Retrieved 7 July 2016, from https://blogs.windows.com/windowsexperience/2015/01/21/the-next-generation-of-windows-windows-10/ Penner, S. (2013). Economics and financial management for nurses and nurse leaders. Springer Publishing Company. Roper, B. (2012). Practical law office management. Clifton Park, NY: Thomson Delmar Learning.

Ctlls 003 Assessment - 1792 Words

Key Concepts and the Principles of Assessment â€Å"Assessment focuses on the learners’ performance. It is about measuring achievement, both ongoing (formative) and at the end of the programme (summative).† Wallace. S (2007: 118) Assessment is a process through which we gauge a learners level and progression, ensuring learning is taking place and the learner is developing their skills and knowledge. Susan Wallace recognises the importance of assessment as more than a means of determining learner achievement but also â€Å"as an indicator of the quality of learning.† (2007: 119) discussing the need for ‘ongoing assessment’ to evaluate how receptive learners are to the lessons. The key concepts of assessment, as outlined by Reece and Walker,†¦show more content†¦Lastly, Ipsative assessment is the self-assessment process undertaken by the learner to assess their own learning and achievements from the course/programme. This also identifies any needs a learner may have for the future if they are to progress further and again act as feedback to the tutor to develop and adjust the course/programme for future learners. Ipsative assessment can be supported by the teacher or conducted independently by the learner. Evaluation of Assessment Methods The importance of selecting appropriate assessment methods suitable to a course/programme is noted by Jonathan Tummons as a freedom of choice by the tutor which will vary according to context (2011: 49). Initial assessment methods for example will be dependent upon the level of entry and the type of course/study of programme. For a practical course such as Silversmithing and Jewellery Design it would be appropriate to set a practical task to assess a learners level and competency within the workshop, establishing their suitability. However, for students applying for a beginners course where they are expected to be introduced to working with metal, a practical task would be an unfair assessment and therefore an interview would be more appropriate to meet the prospective learner, gauge any

Global Privacy Bridges Technical and Legal

Question: Discuss about the Global Privacy Bridges for Technical and Legal. Answer: Introduction: As a student studying International Business and Management, I intend to pursue my career in the arena of international law management, so as to provide solutions to the legal problems as encountered by various global organizations. Accordingly, I intend to work in either of the two organizations, stated below, after the completion of my current course: Norton Rose Fullbright- Established in the year of 1794, the Norton Rose Fullbright has emerged to be one of the most reliable international law firms of Canada, known for hiring lawyers and legal staffs more than 3800 each year (Cavusgil et al., 2014). The organization has been ranked among the top 5 law firms of Canada, and is known for offering legal solutions to organizations of US, Canada, Middle East, Asia and others. I would like to assume the role of an Associate Lawyer, entrusted with the duty of reviewing and drafting legal paperwork for global organizations. My job role would also include negotiation of contracts, review of employment agreements and supervision of the legal interests of the client firms. DLA Piper is the name of another reputed global law firm located at Canada, which I consider to be alternative option to work in. The firm works with the business organizations of more than forty countries for helping business clients get authentic solutions to problems. I want to work under the designation of a legal executive here (Spiekerman Novorthy, 2015) . As a legal executive I would be responsible for writing the legal documents, assisting the solicitors and dealing with legal matters keeping myself updated with the changes in the laws and regulations. Aster asking the above questions to the business lawyer, I became aware that as a legal expert, I would be expected to argue a clients case, negotiates deals for him and also would resolve legal troubles on global firms. In case, I intend to pursue this career, it might take time to flourish, and yet the vocation has a high potential for high income. However, I might consider enhancing my knowledge of business laws, by pursuing an undergraduate course in Business Law. Reference List: Cavusgil, S. T., Knight, G., Riesenberger, J. R., Rammal, H. G., Rose, E. L. (2014).International business. Pearson Australia. Spiekermann, S., Novotny, A. (2015). A vision for global privacy bridges: technical and legal measures for international data markets.Computer Law Security Review,31(2), 181-200.

Activity Based Costing Organizations - Myassignmenthelp.Com

Question: Discuss about the Activity Based Costing Organizations. Answer: Introduction ABC is an effective accounting tool for manufacturing organizations. The costing methodology that identifies organizational activities and assigns the cost of each activity is known as Activity-based Costing (ABC). This methodology is used to help the organization in reaching the true cost and profitability by improving costing accuracy (Kannaiah, 2015). In todays advanced competitive and manufacturing environment, exact costing knowledge is vital for all the kinds of businesses, such as merchandizing firms, manufacturing firms, and service firms (Fei Isa, 2010). ABC has progressively fascinated the attention of researchers and practitioners as one of the strategic tools that help managers for better decision-making. Asia-Pacific region is a developing section of the world attracting manufacturing units from all over the world. ABC provides vital business intelligence which makes it a much-needed accounting tool for the manufacturing organizations. However, despite its merits, ABC i s not termed as a very popular option adopted by many organizations (Askarany, 2016). The essay critically evaluates the usefulness of ABC in modern manufacturing organizations in the Asia Pacific region. Usefulness of ABC Use of ABC as an accounting system in a manufacturing organization is one of the most attractive topics for researchers. As Davood Askarany says that researches on the capability, adoption, usefulness, and diffusion of ABC as a solution to overcome the lacking of traditional cost and management accounting practices in its efficiency and capability, has been an interesting topic from last three decades. Especially, in the developing countries like Oman ABC is catching interest of the managers (Askarany, 2016). Many researchers and practitioners emphasizes on using the new cost system like ABC. Like Cardos Pete says that ABC permits better tracing of object cost, financial and non-financial analysis, superior allocation of overheads to costs of objects, and measures that are useful to management and managers in the decision-making process (Cardos Pete, 2011). Still many organizations after adopting ABC system is not able to gain from it. Fei and Isa have given a suggestion in their r esearch paper that many organizations fail to gain success from ABC due to the different contextual factors faced by each organization (Fei Isa, 2010). It is important to understand the factors affecting the organization and then the implementation of the accounting system will be a success. The ABC accounting system can be termed as a blessing for many organizations as it brought not only success through profits but enhanced and supported the decision taking methods of organization (Fang Ng, 2011). But it is a lot of time to reach the objectives of the company. To support it, an example of a Chinese company Xu Ji is given here. In 2003, Xu Ji adopted ABC which helped in decreasing the large amount of manual book keeping work. It helped the company in surviving Chinas free market competition which was not possible with an inaccurate traditional accounting system that the company was following till 2003. It successfully traced the direct labor costs to client contract and product and allocated manufacturing overheads by current direct labor hours. By 2010, the ABC system was effectively implemented and resulted in an increase of record annual sales of 50% and 13% of profit margin (Liu Pan, 2011). This was a very long wait for the company to reach the profit expected to be earned by it. Hence, using ABC was a decision that cost the company a lot of time in which a number of changes happened. This is the reason that many companies discontinue the use of ABC system after implementing it. ABC is a vital tool for increasing the bottom line and top line the same time. ABC enables to set competitive pricing which is very important in the competitive market of Asia-Pacific region (Kannaiah, 2015). It allows companies to review its products for the adjustment of price and reveal the opportunities to decrease the cost via continuous process improvement and better product designing. But there is a strong reason why it is not benefiting all the companies, and that is the change of factors affecting the market of the country. For example, Blue Cross and Blue Shield Company of Florida faced an increasingly complex and competitive market place in the healthcare manufacturing market. To stand in the competition, management adopted ABC with the aim of The cost for Pricing project which meant to radically look at the cost structure of the company and coming up with a competitive pricing. The cost of pricing provided the strategic activity cost information and were designed to be fl exible and were able to identify the opportunities of the market and operating issues (Kannaiah, 2015). The information generated via ABC system increased the confidence of manager in coating the products prices as it was more competitive than before. This increased the competitive advantage of the organization but was not a success in the long run as the company failed to implement it with the same zeal as the market grow (Banker, Bardhan, Chen, 2008). The other reason for adopting ABC system for accounting is the criticizing of the traditional costing techniques. The traditional costing techniques are taken as inefficacious for the organizational operations in an era of quickly changing global and technological competition (Coners, 2007). But there are many factors that do not allow it to be used effectively. As a study was taken up by Mr. Sengphanich on Thai manufacturing firms, state that many Thai firms has adopted ABC system to improve their operation as it is an efficient management tool (Sengphanich, 2007). The study shows that about 25% of Thai manufacturing organizations have adopted ABC. 20.6% are evaluating it as an option and 1.65% has adopted ABC, but has abandoned it and 47.8% did not even consider it as an option (Sengphanich, 2007). This shows that even if peers think ABC as a great option to be used still manufacturing organizations are not considering it for adoption. There are many merits in the ABC accounting tool that favors the manufacturing organizations of the Asia-Pacific region but, still, the adoption rate of is not as high as expected. Also, many firms have abandoned it after the implementation. The factors that stop a firm to adopt ABC as the accounting tool of the company or discontinue it after implementing are considered here to evaluate the usefulness of the accounting system (Charles Hansen, 2008). As per the studies conducted the major flaw of ABC accounting system the difficulties an organization faces with the complexity of the implementation of the system. There is a general lack of knowledge and expertise about the ABC accounting system as it is a modern technique. The high cost of the implementation of the accounting system increases the costing for the manufacturers which discourages them in adopting the system (Carnegie Napier, 2010). As, Asia-Pacific region comprises mainly of developing countries the number of small manufacturers is more which makes it more difficult more them to adopt and bear the implementation cost of the accounting system. ABC is a whole new process that is needed to be learned by the managerial department which increases the amount of work for them (Cardos Pete, 2011). This makes it a time-consuming process as it needed to be integrated with the existing accounting system. ABC is not very clear in peoples mind. They are still uncertain about the benefits of ABC, and thus, are reluctant to adopt as the accounting system for their firms. Lastly, people living in Asia-Pacific region are very much attached to their traditional ways which make them a difficult people to adopt the changes that ABC brings in the accounting system as well as in the costing structure of the organization. All these points decrease or hide the usefulness of the accounting tool and act as the critical catalyst that ar e coercing organizations to discontinue ABC implementation (Bushong, Talbott, Cornell, 2008). Conclusion ABC accounting tool is one of the most popular costing methods that overcomes the lacking of traditional accounting system and gets more accurate and reliable cost information that produces the true cost of each activity taking place during manufacturing. Asia-Pacific region is acting as a core for manufacturing unit set-up and acts as a best place to analyse the usefulness of the ABC system. Manufacturing units those who have adopted ABC as their accounting tool are enjoying its benefits and standing efficiently in todays competitive market. Even it is a very popular accounting tool still, ABC has not reached the level of acceptance as expected, but there are no reasons that can act as a major flaw in the ABC accounting system. As shown in the studies mentioned above, ABC is developing as a useful tool for the manufacturing units not only in terms of cost benefits, but as a support to managers in the decision-making. With the increasing modern approach in the manufacturing business a more defined and refined accounting tool is required by the organization to stand against the competition of the global market which traditional accounting tools are not able to provide. People need a better understanding of the tool to implement it and take its benefits. Hence, the essay concludes that ABC is an effective and useful accounting tool for the manufacturing units in the Asia-Pacific region that can be used to get the accurate cost of all the activities of the organization but more awareness and certainty is required to make it approachable and acceptable. References Askarany, D. (2016). Attributes of Innovation and Management Accounting Changes.Contemporary Management Research,12(4). Banker, R., Bardhan, I., Chen, T. (2008). The role of manufacturing practices in mediating the impact of activity-based costing on plant performance.Accounting, Organizations And Society,33(1), 1-19. Bushong, J., Talbott, J., Cornell, D. (2008). Instructional CaseActivity-based Costing Incorporating both Activity and Product Costing.Accounting Education,17(4), 385-403. Cardos, I. Pete, S. (2011).Activity-based Costing (ABC) and Activitybased Management (ABM) Implementation Is This the Solution for Organizations to Gain Profitability?(1st ed.). Romania: Babes-Bolyai University. Carnegie, G. Napier, C. (2010). Traditional accountants and business professionals: Portraying the accounting profession after Enron.Accounting, Organizations And Society,35(3), 360-376. Charles, S. Hansen, D. (2008). An evaluation of activity-based costing and functional-based costing: A game-theoretic approach.International Journal Of Production Economics,113(1), 282-296. Coners, A. (2007). Time-Driven Activity-Based Costing.Controlling,19(6), 343-346. Fang, Y. Ng, S. (2011). Applying activity?based costing approach for construction logistics cost analysis.Construction Innovation,11(3), 259-281. Fei, Z. Isa, C. (2010). Factors Influencing Activity-Based Costing Success: A Research Framework.International Journal Of Trade, Economics And Finance,1(2), 144-150. Kannaiah, D. (2015). Activity-based Costing (ABC): Is It a Tool for Company to Achieve Competitive Advantage?.International Journal Of Economics And Finance,7(12), 275. Liu, L. Pan, F. (2011).Activity-based costing in China: a case study of Xu Ji Electric Co. Ltd(1st ed., pp. Volume 7 Issue 13). China: CIMA. Sengphanich, U. (2007).The Characteristics of the activity-based costing practice in Thai manufacturing firms(1st ed.). Australia: University of South Australia.