Accounting Information is Objective and Neutral- myassignmenthelp

This reflection is undertaken in order to have an understanding about accounting information. Accounting is a key part of the recording the financial transactions and thereby all the financial transactions are maintained in an effective manner. I have observed that there are several characteristics of accounting information and accounting has been a subject of sustainable development from year to year and therefore there has been a development of several regulations and concepts which have been incorporated in order to assist the accountants to display the correct picture. The double entry system was introduced globally and thereby it became the foundation of accounting and in the current time period it has become one of the significant tools for understanding the profitability of an entity, but even even the liquidity and the total performance in relation to the debts and the other factors that are non-financial in nature. I have observed that because of the fact that there have been high stake level that is involved and significance is given in order to restrict the stakeholders from being misinformed and therefore the accounting entities and the other governing bodies have taken measures in order to control the level of misstatements and this explains that accounting is objective in nature. The accounting information has certain amount of objective and it is seen that all the different level of accounting information have their unique objective and thereby tries to reduce misstatements. I have even observed that neutrality is even a characteristic of accounting information. Neutrality is even known as the quality of independence from biasness. Neutrality explains that during the formulation or the incorporation of the standards, the main issue is relevance and information reliability that improves and not has an impact that the new rule may have on a specific interest. It is seen that a neutral selection among the accounting substitutes are free from bias towards a prearranged outcome. The objectives of the financial statements serve towards users of various different data who have different interests and none of the prearranged outcome is likely to be suitable to the users. I can therefore state that accounting information and practices are determined impartially with no objective of focused bias for any type of user. I have noticed that there have been significant level of transformation in the process of accounting and accounting information with the advent of time as there have been several new kinds and mechanisms that have been introduced in order to enhance the process of accounting. Accounting information has significant level of value and it is seen that value of the accounting information is used by the users and the accountants in order to find out the result that is suitable for them. It is seen that there has been a fall in the value of accounting information with the transformation in the accounting standards. I feel that accounting information has an effective role to play with the help of which economic decision making can take place and thereby improvement in the operational plan and business decisions relating to various aspects can be undertaken.   Givoly, D., Hayn, C. and Katz, S., 2017. The changing relevance of accounting information to debt holders over time. Review of Accounting Studies, 22(1), pp.64-108. Magnan, M., Menini, A. and Parbonetti, A., 2015. Fair value accounting: information or confusion for financial markets?. Review of Accounting Studies, 20(1), pp.559-591. Prasad, A. and Green, P., 2015. Organizational competencies and dynamic accounting information system capability: impact on AIS processes and firm performance. Journal of Information Systems, 29(3), pp.123-149. Sudaryanti, D., Sukoharsono, E.G., Baridwan, Z. and Mulawarman, A.D., 2015. Critical Analysis on Accounting Information Based On Pancasila Value. Procedia-Social and Behavioral Sciences, 172, pp.533-539.

HR Resit Assignment Fashion Fads Essay Example | Topics and Well Written Essays - 2250 words

HR Resit Assignment Fashion Fads - Essay Example The essay "HR Resit Assignment Fashion Fads" concerns the HRM and Fashion Fads. An underlying issue that applies to the case of Fashion Fads is using this same sense of balance to adjust for new motivational programs within the organization, so that programs will be kept in an adjusted way that is cost-effective for the organization at the same time that it is amenable to the employees. This process should be completed in a way that stresses key tenets of human resource development operation such as effective communication with employees and the employment of dynamic leadership strategies. Thus, this solution would be cost-effective at the same time that it would be amenable to the employees. In communicating the abovementioned changes to the employees in terms of company operations, this will further create a sense of cohesion and shared objectives. In this case, therefore, HRM leadership is measured by how well the organizational professional at Fashion Fads (Mr. Cheung) is able to improve employee efficiency and contribute to growth in the revenue of the company. Management leadership can also be important. Leadership is also important because it relates so directly to employee motivation. One of the most important reasons for turnover internally that this report considers is lack of compensation. Generally it is assumed in this report that if the position is a high turnover position, the first place to look would be the compensation level of the employee in this position.

Marketing Case Analysis Article Example | Topics and Well Written Essays - 750 words

Marketing Case Analysis - Article Example In order to be able to accomplish something within the worldwide marketplace today, the organizations sales force depends more upon on attaining the precise consumer and product information, it does not really matter if it is inside the organization or outside .the organizations sales force requires a cohesive, prearranged technique to follow the consumer leads, the contact information, in addition to their descriptions. Along with this the management within these organizations is on the look out of a technique where they would be able to investigate in detail the past sales data for the future prospects. If an organization is able to consolidate the data storage along with regulating the sales tools also practices, the organizations contending within this atmosphere would help the organization respond swiftly to the changing consumer inclinations and alterations within the market place, routinely guiding the way to the sales staff plus push them follow up. Also to be able to recogni ze a lot more prospects to cross sell and up sell, a lot more efficiently estimate sales figures, focus upon refining the sales relationships .It is suggested that organizations can in fact now automate their sales force in order to guarantee that their sales are closed quickly. (Microsoft .com) Also it seems that what Sprint is going through now, is a situation where, they are striking their numbers. Thinking how many more follow up calls have been made until now. These issues are persistently being obsessed into the heads of the sales team.( Keith Rosen , 2008) What is notable is the fact it is true for a lot of sales professionals, that the pressure to arrive at quota or else achieve a definite level of performance. At the same time as retaining a monthly sales objective helps only to settle the mind upon the reward which is why the actual focus upon the result can actually mean more harm. By the end of every selling month, the disturbance along with the pressure can actually overpower as the salespeople move quickly to perform at the optimum to close the sales in order to accomplish their targets. ( Keith Rosen , 2008) Because while the act of selling is considered by most as the transmission of the sentiment behind the product or service. One can visualize the mind-set that these over pressurized sales people are conveying to their prospects. The constant worry in addition to the apprehension of having to close additional sales unintentionally puts unjustified strain on the prospects as well as cultivates a detrimental association from the beginning. ( Keith Rosen , 2008 ) To produce improved results, it is recommended that they modify the way they are closing these sales at Sprint or modify how they perceive the whole situation. Also in order to recurrently go beyond the organizations sales goals as well as better supervise the team's outlook, amending the way they think, so in order to grow to be procedure driven relatively than just being outcome driven. The probability is that the, salespeople who are exclusively alert on the end product lack the procedure within they would believe. Moreover, they put more efforts in trying to be in charge of the result; approaching for what they yearn for