Financial Statements Paper Essay

The statement usually includes beginning balance, net income for the current cycle, dividends disclosed in the current period and ending balance. Balance sheets detail assets and claims to assets at a distinct point in time. Claims of creditors and claims of owners are examples of claims to assets. This particular statement provides a clear outline of the financial standing of the company as a whole. The direct function of a statement of cash flow is to present financial information such as cash receipts and payments during a set point in time. This assists investors and creditors to analyze a company’s financial position.. These statements address a company’s financing, investment and operational activities. Financial statements are useful to managers as these statements are utilized to measure the performance of the organization. Sales and expenses are compared to the income statements from previous periods by management to pinpoint possible problematic areas. Major variations adjure management to thoroughly understand what the causes of those changes are. Variations in liabilities and assets are examined on the balance sheets from one cycle to the next. Any large variations need to be identified, explained and reasons established to whether the variations benefited the company, or caused a loss as consequences of problems. From this point management can make adjustments to correct any problems, or future planning, so these losses or problems do not repeat again. The benefits can be capitalized upon as well. Financial statements are useful to employees for the reason of collective bargaining, discussing compensation, and ranking. Employees also use this information as a means to determine the ability of the company to provide retirement benefits and opportunities for advancement. Financial Statements are useful to investors as they hold an interest in the profits of the company. The investors are looking for a return in the money they have invested, usually in the form of stocks, as they seek increases in stock value and profitability. Lending decisions to be made by creditors are based upon the financial statements. The creditors want to ensure that the companies they are lending the funds to have the ability to manage its finances so they are not at risk of not being able to pay back its debts. References: Kimmel, P. D. (2009). Financial Accounting: Tools for Business Decision Making (5th ed. ). Retrieved from The University of Phoenix eBook Collection database..

Top 3 Ways to Become a Great and Effective Leader

Top 3 Ways to Become a Great and Effective Leader Steps to A Truly Effective Leadership Style Last month I was fortunate to meet a real wonder woman. Not from the DC universe, but the wonder woman from our world. She has three kids, she is married and she runs a bank. Impressive, isnt it? Her name is Gillian and she runs a bank in Toronto. Gillian took the first place in an honorable list of Top 100 Canadas Most Powerful Women, which celebrated spectacular female leaders, who lead by example and inspire thousands of people. From my own experience, I can say that Gillian is really an exceptional and inspiring woman. What I was impressed by the most is her leadership style. Unlike everything you would expect from the bank director, she was authentic, warm and friendly. In our conversation I asked her about her core values and especially her leadership style, which navigated her through the male industry and granted her personal and professional success. We discussed leadership skills and also such important characteristics of leadership as the ability to set right priorities, built relationships based on trust and create a great team. But what was even more important is how a leader can develop his or her own unique leadership style. You may ask, Why is this so important, if the primary ability of the leader is to have vision and lead others towards the higher goal? While this is true, the lack of authenticity usually makes the leader look not trustworthy. So the question is how to be yourself, be a great leader and be a unique leader at the same time? This three-step guide will help you to discover your authenticity and start leading from the heart: Identify Your Strengths. First, you have to understand what your strong points are. Once you know what they are develop them. While working with something that you really like, you will feel engaged and happier. Its also a great way to express your authenticity, because you will project your real desires and motives rather than pretending to be someone else. Alleviate A Key Weakness. Working at what youre good at is not the only thing that leaders do. They also eliminate their weak sides. Unfortunately, this is not something that can happen in a blink of an eye. So, in order to work with your weak sides, you first need to identify them and then work on them for the course of several years. Some common traits that leaders usually need to work on are: being too impatient, too much sarcasm, always being last etc. Admit Your Mistakes. No matter which leadership styles youre utilizing, you need to learn to admit your mistakes in order to become a great leader. If there were no mistakes, there would be no experience. Without experience, we wouldnt know how to move in the right direction. Instead of copying mans leadership style, Gillian developed her own. Why dont you follow her glorious example?

Service Quality Management Essay Example | Topics and Well Written Essays - 1500 words

Service Quality Management - Essay Example It has got a shareholder determination from well-known centers named as Interfaith Center in responsibility of its corporation as well as the Alliance for environmentally responsible economics. Ford has agreed in publishing the first industry report, which is dedicated to the matters of environment change and the effects in their business also the automotive industry as a whole. Ford Company has also worked with Ceres, ICCR and other stakeholders (Media.ford.com, 2005). While focusing on the issues, which are not abstract at Ford that they are the third biggest automobile producer around the globe. They have produced and distributed automobiles in more than 200 markets around the globe. They have many employees’ no less than four hundred thousand people worldwide, they manufacture trucks, transmissions, forgings, castings, cars, metal stamping, engines and all types of equity preserved and combined project plants in the world. They use the energy to manufacturing their vehicle s and control, power Ford services caused approximately 10 million metric loads of carbon dioxide CO2 (Media.ford.com, 2005). ... FORD also participates in trading and dealing mechanisms in all Europe as well as in North America of carbon dioxide CO2. The percentage of energy obtain from the renewable resources have been increased. It has also declared the first large scale which is known as fumes to fuels a cell project that would change captured volatile organic compounds VOCs from paint plant emissions to electrical power operations and would decrease all the emissions. They will also offset carbon dioxide CO2 emitted in the manufacture of their FORD as well as for Mercury Hybrid Technology Vehicles (Dolan and Stoll, 2009). It seems to be proud that FORD’s accomplishment in decreasing carbon dioxide CO2 from their procedures and have got advantage from energies expense savings that usually go with it. It has been recognized that about 10 percent of the period green-house gases GHG from any vehicle befall throughout its manufacture. And the rest of the 90 percent ascribed to the entire vehicle is emitt ed while the consumer is using it, when burning the gasoline, diesel from the fossil fuel causes (Brettell, 2008). FORD take wide range of activities that assist decrease the green-house gases emissions of their vehicle fleet in enhancing their hybrid listing to inspiring much use of Ethanol fuel, to shifting their mixture of the products to much fuel well organized cars, to refining and improving the proficiency of unoriginal diesel and gasoline engines, to levitating the consciousness of the customers (greencarcongress.com, 2005). As we know that many of them stakeholders imagine spelling out exact targets and milestones for better improvements into the fleet fuel proficiency of their products. It is highly competitive industry that there consecutive to be too extensive a

Sharing Your World Coursework Example | Topics and Well Written Essays - 250 words

Sharing Your World - Coursework Example On the other hand, discrimination is an act that denies participation to groups or categories of people due to prejudice. It also includes the act of treating a member of a given group based on the fact that they’re from a given category of people in the society. My elder brother wanted to become a pastor when he was in college. My parents have used the same preconceived idea to judge me, thinking that I might also come up with the same thought of becoming a pastor when I reach college. I’ve felt so bad that my parents can use what happened to my brother to judge me. The prejudices in myself are such like, the fact that my elder brother passed so well in college and became the top in their class, I feel that I would also follow its footsteps and be the best in my class. I need to overcome this prejudice by believing in my own work and discovering that my brother and are two different