...According to a study conducted by Parks (2009), it was 1900 since the emergence of non-profit organizations have started through the initiation of Arts and Culture Organization as it diversified its status from a profit-based system into a kind of philanthropic organization with tax incentives as the main instigation for the move. Through the years, the industry of non-profit organizations has been vastly engaged in different sectors of the society primarily to serve the general public. According to Peter F. Drucker, the “non-profit” institution neither supplies goods nor services not controls. Its “product” is neither a pair of shoes nor an effective regulation. Its product is a changed human being. The non-profit institutions are human-change...
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...Boeing 737 and an airbus 300 B4. Today the Airline has orders worth over US$ 68 billion for 200 more of the latest aircraft, with plans to operate in many more destinations in the months and years ahead. Emirates global network now sees it flying to over 110 destinations across 6 continents, operating a modern fleet of over 150 wide-bodied aircraft. Emirates airlines accounts to about 40% of the total movements of flights and aiming for at least 70% total flights coming in and going out of Dubai International Airport.” (http://www.emirates247.com/look-back-2010-onto-2011/the-most-popular-stories-of-2010) I am an accountant for Emirates Airlines and in charge of creating a project aiming to increase the company’s market share and gain more profit without sacrificing the company’s quality of services and reputation. I just recently began my employment in the company and now facing the big challenge of creating this project and attaining the goal of making it huge in international market and increasing our sales without compromising our excellent customer service. To be able to achieve this goal, I definitely need to focus in training and development of the company’s employees, both current and newly hired ones. I am optimistic about this project and I will do my best to make it work. However, I feel that accounting department alone cannot achieve this goal thus I...
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...Table of Contents Introduction: Introduces the study and summaries the state of area prior to the research. This section outlines the problem(s) to be investigated, the aims and objectives of the research and describes the methodologies used. Additionally, an outline of the overall dissertation structure may be included. Literature Review: This accounts the previously written, published and unpublished literature on the selected research topic. The purpose of conducting a review on the existing knowledge and ideas on the topic is to highlight the strengths and weaknesses of the research area whilst defining a guiding concept for the dissertation. To achieve this, four important steps must be followed: concentrate on the relevant theories; break down the topic and define key terms; examine recent research in the area; and conclude with the research questions that will be resolved in the study. Methodology: This section is designed to give the reader a coherent, clear and precise account of how the study was conducted. The section is composed of number of sub-sections which should include: research philosophy, research approach, research strategy, data collection and any problems encountered in the data gathering process, data reliability, validity and generalizability, and finally, ethical issues and possible limitations with the research. Results: An essential tip for this section is to only report the findings of the study in the most appropriate manner, resisting in the...
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...[pic] Click www.ondix.com to visit our student-to-student file sharing network. Kanthal Case Study Solutions INTRODUCTION: Kanthal is company that specializes in the production and sales of electrical resistance heating elements. Kanthal has about 10,000 customers and they produce about 15,000 items. The company consists of three divisions and these three divisions are as follows: 1)Kanthal Heating Technology - 25% global market share 2)Kanthal Furnace Products - 40% global market share 3)Kanthal Bimetals - Manufacturer of one of the few fully integrated temperature control devices Mr. Ridderstrale, who became the President of the company in 1985, developed and implemented a plan that has involved completely changing and over-hauling their pre-existing traditional cost system. The new plan has been installed with the hopes that it will provide more accurate information about their manufacturing cost structure, as well as the costs of supplying individual customers and orders. With this new information, Kanthal plans to redirect its resources to customers with hidden profits and reduce efforts that are focused on customers with hidden losses. The ultimate purpose for this system change is to achieve higher growth and profitability. PROBLEMS, ANSWERS " SOLUTIONS: Question 1: Why have selling administrative costs not traditionally been traced to individual products and customers? Answer 1: Under the old costs system, Kanthal management felt...
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...Magnolia Case Study Amber Meenach BSHS/373 Scott Kersh Magnolia Therapeutic Solutions is a non-profit organization based in New York City that helps provide psychotherapy for those suffering from PTSD (Post Traumatic Stress Disorder). After the traumatic events of 9/11/01 when terrorists attacked out Twin Towers, Magnolia was granted extra funds from the state of New York to help treat victims who were suffering due to the attack. Due to the upsurge of clients Magnolia now was having to service, they increased staff and administrative services. Mary Stewart, the founder and executive director of Magnolia, counted on the grant from the state to be renewed for the following year, an when it was not granted Magnolia found themselves $500,000 short of their expected budget and ultimately caused the organizations downfall. In this paper I will be discussing how I would have decided things differently in the case of Magnolia Therapeutic Solutions. Board Decision The first mistake that I feel was made was that the board allowed Mary Stewart to count the state grant for another year, without any indication that it would be offered for a second year. Money that is not guaranteed should never be worked into the budget. This is why there was such a significant short fall in the outcome versus what was expected. As a board member, I would have proposed that we remove the grant from the budget, and only included the funds that are already in place for each fiscal year. If the grant...
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...LP3.2 Assignment: Case Study Directions Access the financial statements of Proctor & Gamble in Appendix 5B in the textbook to answer the questions found in Chapter 4’s Using Your Judgment-Financial Reporting Problem. Follow the instructions indicated in the case study. Provide answers for parts a-e. Submit this assignment to your instructor via the dropbox “LP3.2 Assignment: Case Study.” This assignment is worth 20 points and will be graded according to the following scoring guide. Rating Scale x Criteria = Total Points Scoring Guide (20 Points) | Rating Scale | 4 | Work meets or exceeds criterion at a high level of competence. | 3 | Work reflects an understanding of criterion with minor misunderstandings/misconceptions. | 2 | Criterion partially met, but one or more important concepts/skills are missing or flawed. | 1 | Work reflects an attempt to meet criterion, but significant misunderstandings/misconceptions are apparent. | 0 | Criterion not met or work is absent. | Criteria | 1. | Identified the type of use of income statement format used by P&G. | 2. | Stated P&G's primary revenue sources. | 3. | Computed P&G's gross profit for 2007-2009 and explained trends to gross profit and financial ratios. | 4. | Provided distinction between operating and non-operating revenue. | 5. | Utilized appropriate grammar, punctuation, and spelling. | Financial Reporting Problem Proctor & Gamble a) What type of income statement format...
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...Liam Mulloy 11445008 (one-term Student) Business in Society, Assignment 2, due 02/01/2014 Andrew O’Regan “The John Hopkins International Comparative Non-profit Sector Project has provided important data on the non-profit sector internationally. How has this data informed the development of theories of the non-profit sector?” Introduction The non-profit sector is essentially that part of social activity undertaken by non-governmental and non-profit organisations. Also known as the civil sector, public sector, voluntary sector or the third sector, this part of the economy is gone largely unnoticed but since the 1970s has become under investigation from scholars and economists alike who realised the sector’s large economic contributions. The industry subsequently began to expand; “Prompted by dissatisfaction with the cost and effectiveness of exclusive reliance on government to address the social welfare and developmental challenges of our time, efforts have been launched to find alternative ways to respond”. (Anheier and Salamon, 1992) Seemingly, citizens felt they could no longer rely on the government to neither solve their problems nor provide essentials. Accordingly this shifted the focus of attention to the emerging voluntary sector, which had long contributed to the alleviation of social problems on a global scale, but had long been overlooked in scholarly and economic analyses. Thus the third sector began to grow and became institutionalized in university based...
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...credit. For the development of an economy, bank furnishes a huge contribution and modem economy can not be imagined without the service of bank. Economic development of a country requires a well organized, smooth, easy to reach and efficient saving-investment process. The function of a single bank is not limited to its geographical region only rather it has reached beyond the border of the country. So banking business has been shaped as global business and the rest other business greatly depend on the strength of banking business performance. The recent financial crisis showed many weaknesses within the on hand financial system across the world. This triggers many issues linking to the protection of banking institution against probable future non expected risks associated with periods of insecurity. Bank regulatory authorities are directly liable to evaluate the performance of each banking business to find out any flaw. Regulatory authority should have to sense any upcoming difficulties regarding the performance of the all banks. For that purpose regulatory asked for specific statements highlights the performance of all banks. Regulatory required statements supplies most of the information reflecting the performance. In Bangladesh the size of the bank and also performance of the banks depends on certain things. For the purpose of the project report I am selected some...
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...Magnolia Therapeutic Solution Case Study Patience A. Steward BSHS 373 February 4, 2013 Megan Burke Magnolia Therapeutic Solution Case Study The Magnolia Therapeutic Solutions Case Study defines to other organizations or businesses, especially that falling under the government expense or support how important it is to scrutinize on routine basis the cash flow of finances and effective decision making carefully. The magnolia Therapeutic Case constructed by Mary Stewart, was action put in place to assist those individual suffering from Post Traumatic Stress Disorders. Mary saw the need for initial to continuous help as a steady increase with this disorder from many of her private sessions. Many health professions prior to the Magnolia Therapeutic Solutions was no over concern in the area of Post Traumatic Stress Disorders. In such a manner, Mary Stewart created the organization under non-profit ideals and generously accepted a large government donation. Sadly is the downfall of an assumption that cost Magnolia Therapeutic Solutions to discontinue services that helped so many clients involved. The intent of this essay will explore the problems and concerns of the organization, the decisions made affecting organizational infrastructure, and risks taken within management. Problems and Concerns According to the Mayo Clinic (1998-2012), “Post-Traumatic Stress Disorder (PTSD) is a mental health condition that's triggered by a terrifying event. Symptoms may include flashbacks...
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...from the fact that CSR practices have considerable influence on a company’s reputation and “the reputation of a firm is arguably the most valuable asset” (Peloza, 2006: 69). The term “corporate social responsibility,” or CSR, can be defined broadly as a firm’s charitable contributions and social initiatives, such as “philanthropy, cause-related marketing, environmental responsibility, and humane employee treatment, among others” (Ellen et al., 2006: 148). Researchers have found that over the past 30 years CSR correlated positively with corporate financial performance (CFP) (Orlitzky et al., 2003). “At its simplest, some argue that this ‘trend’ is purely self-serving marketing or philanthropy to offset concern over organizations’ increasing profit or corporate scandals.” (Brock, 2005: 58). By examining the motives behind CSR as purported by a broad spectrum of scholars, this paper will argue that companies initially implement CSR initiatives in an effort to increase sales and obtain other incremental benefits. Then, this paper will examine the role CSR plays within a company’s business system over an extended period of time, arguing that CSR initiatives can ultimately provide a company with insurance in the face of potentially damaging events. Finally, this paper will attempt to determine whether the...
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...issue by devising a simple but effective technique in assessing supply conditions with the intention of formulating effective supply strategies. To this day, the method is widely regarded as one of the most powerful supply management tools and has acted as the backbone of many organisations, bringing long established success to large companies - most notably, Shell, Alcatel and Philips (Van Weele 2000). The two phase Kraljic approach The approach devised by Kraljic follows a simple two step procedure in formulating different supply strategies. First, all purchased items and services are classified in a matrix form with respect to their profit impact and supply risk as displayed in Figure 1 below. Second, purchasing strategies and action plans are developed according to the classifications. High Leverage Strategic Profit impact Non-critical Bottleneck Low Kraljic 1983 Low Supply Risk High Fig 1 Classification of materials As mentioned, the two by two Kraljic matrix...
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...Determinants of profitability of Non Bank Financial Institutions’ in a developing country: Evidence from Bangladesh Md. Sogir Hossain Khandoker* Associate Professor, Department of Finance Jagannath University, Dhaka 1100; & Ph.D fellow, Department of Business Administration Assam University, Silchar, India E-mail: sogir.nu@gmail.com Cell: +88 01190 47 6187 Professor Dr. R. K. Raul Dean, Department of Business Administration Assam University, Silchar, India E-mail: rkraul@yahoo.com S. M. Galibur Rahman BBA, Department of Finance, Jagannath University, Dhaka 1100 E-mail: galibju@gmail.com *Corresponding author Determinants of profitability of Non Bank Financial Institutions’ in a developing country: Evidence from Bangladesh Abstract This project examines the determinants of the profitability of firms in the Non Banking Financial Institution (NBFIs) industry of Bangladesh. Financial Performance of a financial institution basically depends on its some key financial determinants. Specially operating efficiency is main influencing factor which is calculated through operating income. Besides it capital Structure composite of equity and liability, operating expense, total asset significantly affect the profitability of any NBFI company. In addition term deposit also affects the profitability though that is statistically not significant. Different Statistical techniques such as correlation matrix, multiple regressions have been used to determine the relationships between...
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...at www.indianresearchjournals.com A STUDY OF FINANCIAL PERFORMANCE: A COMPARATIVE ANALYSIS OF SBI AND ICICI BANK DR. ANURAG. B. SINGH*; MS. PRIYANKA TANDON** * Associate Professor LDC Institute of Technical Studies Soraon, Allahabad (Uttar Pradesh) India ** Assistant Professor LDC Institute of Technical Studies Soraon, Allahabad India _____________________________________________________________________________________ ABSTRACT Banking Sector plays an important role in economic development of a country. The banking system of India is featured by a large network of bank branches, serving many kinds of financial services of the people. The State Bank of India, popularly known as SBI is one of the leading bank of public sector in India. SBI has 14 Local Head Offices and 57 Zonal Offices located at important cities throughout the country. ICICI Bank is second largest and leading bank of private sector in India. The Bank has 2,533 branches and 6,800 ATMs in India. The purpose of the study is to examine the financial performance of SBI and ICICI Bank, public sector and private sector respectively. The research is descriptive and analytical in nature. The data used for the study was entirely secondary in nature. The present study is conducted to compare the financial performance of SBI and ICICI Bank on the basis of ratios such as credit deposit, net profit margin etc. The period of study taken is from the year 2007-08 to 2011-12. The study found that SBI is performing well and...
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...Bridgestone Health Center: Cost-Vume-Profit(CVP) Analysis for Planning and Control A business Case Presented to the Accountancy Department De La Salle University In partial fulfillment Of the course requirements In MODMGT1 Submitted to: Ms. Katherine Chua Submitted by: Ferrer, Jan Alyssa Dennise Madamba, Ann Tan, Baron Vergara, Maria FRancesca In the vast changing business environment, organizations have kept a single grip trying to cope up with the differing demands required from them. Stability has been the rising issue; hence business continuance is put to test. Questions such as, “will my revenue match up with my cost?” or “Do my business profit from this?” These issues do not only involve profit generating entities but non-profit organizations as well. It is a common mistake that non-profit organizations are supposedly to earn just enough to compensate for the expenses incurred. But, truth is, non-p[profit organizations, need as surplus to survive the demands of a business. This would equip these nonprofit organizations from future contingencies and problems. In the business case provided, Bridgestone Behavioral Health Center, is a non-profit rehabilitation hospital. The said entity caters patients suffering from drug or addiction. The entity has a varied services offering to both checked-in patients and Out-patients. The said services are as follow: Patient Assessment, Lab Urinalysis, Case , Group Counseling, Individual Counseling, Crisis, Intensive Medical Somatic...
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...manufacturing jobs which is affecting their cost advantage. Though, the non-manufacturing jobs such as customer service, manufacture analysis, technical work, computer programming, are not causing any disturbance for the firms cost budget. The availability of global human capital for a firm brings out numerous challenges for the managers as they would move to various countries on terms of work and should be feasible to adopt the new culture and policies of the same firm. Globalization of human capital also focuses on the mobility of the talent beyond a specific company. Example: People aim to work in reputed companies like Google, Microsoft etc. Globalization is helping in picking the right talent from various countries and giving the opportunities. Yes, globalization is inevitable as companies always aim in expanding their business with various intentions. This leads to constant work trips made by the qualified employees to different countries. How does this case illustrate the threats and opportunities facing global companies in developing their strategies? The threat facing Apple in the case study gave an adverse image after the inquiry by President Obama regarding the jobs offshored. This gave a kind of perception to people that, this company is into greed and did not care about the customers in their country, an issue which every global company would face. The opportunity for Apple is low cost, more profit. This company is able to...
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