Functional, Business and Global Strategies Essay

a. The module centers around the company’s/division’s business level procedures and worldwide methodologies. You should address the accompanying inquiries. Anheuser-Busch Inbev is probably the biggest bottling works on the planet. â€Å"Currently, Anheuser-Busch InBev has an item rundown of in excess of 200 brews, including worldwide smash hits Budweiser, Stella Artois, Beck’s, multi-nation brands like Leffe and Hoegaarden, and solid â€Å"local jewels†, for example, Bud Light, Skol, Brahma, Quilmes, Michelob, Harbin, Sedrin, Cass, Klinskoye, Sibirskaya Korona, Chernigivske, and Jupiler, among others that have assisted with making the organization so effective. Moreover, to their own brands, AB InBev possesses a 50 percent share in Grupo Modelo, which is Mexico’s driving brewers that own the worldwide Corona brand. Stomach muscle InBev additionally possesses a 27 percent share in the China brewer Tsingtao. (Laborer, 2009)† Since Anheuser-Busch InBev has a tremendous assortment of business sectors all through the world we could see various stages in the existence cycle through these various markets. For instance Western Europe has a Consumer safe (declining phase of the existence cycle). USA, UK France, Switzerland and Latin America have an experienced market. Eastern and Central Europe have a market that union considered life cycle and Africa, China, India and Indonesia have a divided or initial life cycle. To have the option to do the examination we will consider the lager business life cycle stage all in all, this phase as per the examiner, the existence cycle phase of the brew business and Anheuser-Busch Inbev has just entered it’s development stage. â€Å"In this stage item highlights might be upgraded so as to separate them from contenders, estimating is ordinarily lower, appropriation is progressively escalated, and advancement underscores brand picture and item contrasts. (laborer, 2009) † Ghebrial,2009) 1. In view of these item, advertise, or particular competency decisions, what nonexclusive business-level methodology is your organization seeking after? Abdominal muscle InBev has a picked a separated methodology offering special or particular items to numerous sorts of buyers, where their principle center is to pick up piece of the overall industry from exceptionally thought and serious US markets and furthermore to concentrate on universal expanding potential markets growing its worldwide market. Since brands are the establishment of AB InBev, they place significant incentive on their relationship with customers. These vital contributions can be followed back to the first foundations of both Anheuser-Busch and Inbev, before they combined. They set up brand dependability with their shoppers and because of this AB InBev has decided to center their current and future speculations on explicit brands that have demonstrated to be beneficial. These particular brands have been recognized as Stella Artois, Beck’s and Budweiser. â€Å"To date, the brands picked have outflanked other InBev items and reported in the Q3 Press Release on November sixth, InBev had picked up or kept up piece of the overall industry in eight of their ten markets† (AB InBev, 2011). Concerning the separation technique AB InBev we ought to anticipate that items should be redesigned and development to be a high transcendence in the organization (for example refreshing bundling and brand picture). Overall AB Inbev plans to keep the first systems that Anheuser Busch and Inbev had demonstrated to be successful (separation procedure). (Ghebrial,2009) 2. Talk about how your organization has endeavored to build up a serious methodology to secure its business-level procedure. For instance, if your organization is working in an undeveloped industry, examine the manners in which it has endeavored to expand its upper hand after some time. On the off chance that it works in a develop industry, examine how it has attempted to deal with the passage and competition. Abdominal muscle InBev has secured its own business-level procedure from various perspectives. As a company[s primary crucial be the best lager on the planet, they have accomplished serious techniques to have the option to secure their business-level methodologies; Sprinkler Expansion procedure, Aggressive Marketing Strategy and Consumer Responsiveness Approach. Sprinkler Expansion Strategy As the world’s biggest brewer, AB Inbev can contend in new and remote markets as a solid danger. Because of their huge capital and development based procedure, they can enter any market as a challenger and shutdown rivalry to turn into the main brewer in this market. As a totaled note we can likewise observe this in residential or effectively overwhelmed markets in light of the fact that because of financial matters of scale they can accomplish separated items requiring little to no effort. Forceful Marketing Strategy AB InBev has been described in the US and in global markets as one of the most forceful showcasing on the planet, these is because of their separation methodology and the sprinkler development procedure. Stomach muscle InBev uses their broad money to catch as much as possible and have the option to be number one, in all business sectors they can. Another additional incentive to this procedure is making all AB Inbev purchasers brand faithful, this implying they can hold their clients. Shopper Responsiveness Approach Consumer responsiveness approach or Customer-centered methodology is the procedure that keeps up this brand dedication through the brand. I accept that AB InBev is perhaps the best distillery that react to shoppers inside and out. As should be obvious in the graph underneath AB InBev centers around costumer responsiveness to guarantee their business-level system. Ghebrial,2009) b. Your organization is as of now working together in different nations. Abdominal muscle InBev is the biggest bottling works on the planet, and has as a strategic be the world’s most noteworthy lager organization on the planet. Having in excess of 200 brands and have extended to in excess of 30 nations clarifies in straightforward measurements the development example of this organization. As they unequivocally site in their Annual fiscal summary â€Å"At Anheuser-Busch InBev, we are centered around building a world-class purchaser item organization for the 21st century-and conveying on our excellent potential for esteem creation through predictable top-line development and growing gainfulness in the world.† Abdominal muscle InBev has demonstrated this through the most recent years as well as has a reliable development design as the years progressed, as should be obvious in the two pictures underneath, InBev the dad organization of AB InBev has become during that time making this brand faithfulness and securing new organizations to endeavor and become the best lager organization on the planet. (Ghebrial,2009) 1. What technique is your organization seeking after to contend all around? As you would like to think, is this the right procedure, given cost weights and weights for nearby responsiveness? The organization has built up a balanced arrangement to have the option to extend internationally: Dream-individuals Culture stage, Right Brands, Right markets, Industry Leading Reach and Resources and Financial order. Dream-People-Culture AB InBev can drive the execution of their techniques in light of the fact that their exceptional stage. The individuals speak to the major maintainable upper hand. The way of life depends on responsibility, uprightness, consistent improvement and mentality of making the best choice for the since quite a while ago run. Right Brands The Brands comprise a major bit of leeway, â€Å"†¦comprising one of the most grounded brand arrangement of any shopper items organization, incorporating 14 brands with assessed retail deals estimation of more than 1 billion USD.† (AB InBev, 2011) The picked brands entitle an extraordinary bit of leeway in having the option to venture into business sectors all through the world. Right Markets The organization positions itself in the correct markets. A decent offer in the greater part of the world’s head markets for lager, â€Å"†¦including the industry’s most productive brew advertise, just as Brazil and China. (Abdominal muscle InBev, 2011)† The equalization of their extension and the quickly developing markets advances benefit in the long haul. Industry-Leading Reach and Resources AB InBev can contend adequately on a worldwide scale. Because of the Industry-Leading Reach and Resources, â€Å"including their essence in 23 nations and uniform procedures that guarantee reliable exhibition all around. (Stomach muscle InBev, 2011)† Budgetary Discipline Another central point in this worldwide key arrangement, is the competency of cost productivity, â€Å"which empowers us to change over â€Å"non-working money† in regions as managerial overhead into â€Å"working money† to be given to interests in development. (Abdominal muscle InBev, 2011)† 2. What major outside market does your organization serve, and what mode has it used to enter this market? For what reason is your organization dynamic in these business sectors and not others? What are the points of interest and drawbacks of utilizing this method of passage? Might another method of passage be best? Holding business in 23 distinct nations, AB-InBev has created number one or number two situations in differing markets all through the world, including North America, Latin America South, Latin America North, Western Europe and Eastern, Central Europe and Asia. As a significant growing organization as we state in the past chart, we express that one of the significant section methods of AB InBev has been consistent in securing or converging with ground-breaking organizations in the market important to have the option to contend in a main or number two position. The organization utilizes this method of section to have the option to contend in the current market, utilize their capital and become the main organization in the market. Having the force and capital, they like to enter the market with worldwide brands know to everybody like Stella Arlois and Budweiser, just as to receive the current â€Å"favorite† brew (for example Crown, Quilmes) to contend as a worldwide and neighborhood organization. As should be obvious AB InBev is in all the significant markets of the world being effective in the greater part of them, as their fiscal report says, they search markets where they can give extraordinary client respon

Terry Fox essays

Terry Fox articles Terry Fox ought to be in the Canadian Hall of Fame. Terry was a man of numerous brilliant things, for example, him being fearless with the removal of his correct leg. Additionally Terry was a man of benevolence and remaining positive he raised over $220 000, and finally Terry Fox is a genuine motivation to everybody, up right up 'til today. Initially, Terry Fox was a daring and brave man. Terry was just 19 when he discovered he had an uncommon type of bone disease in his correct leg. Terry experienced chemotherapy medicines to prevent the malignancy from spreading, and lost the entirety of his hair. He likewise needed to manage the outcomes of the malignant growth in another manner, which was the removal of his correct leg. Loosing his leg was a hard thing to manage, particularly since Terry was especially into sports, and his new constraints was extremely unpleasant on him. (Scrivrner) As well, Terry indicated dauntlessness by running each day, downpour or daylight, with his leg dying, not in any event, knowing whether individuals would think about his Marathon of Hope. These models demonstrate Terry Fox was a man of boldness. Furthermore, Terry Fox was a magnanimous and positive man. At the point when Terry previously discovered he had an uncommon bone malignancy, he didnt shed a tear, he just idea decidedly, and needed to get his medical procedure at the earliest opportunity. At the point when Terry got his correct leg cut off, he was from the start somewhat discouraged, yet then he got a thought from a magazine to hurry to overlook his issues, and to collect some cash for other disease patients. His reality was convoluted, yet he chose to look on the loss of his leg as another test. (Scrivrner, 2000, p. 31). Terry realized he ought to have remained at home, and rested to recuperate 100 percent, however he was so determined to his objective to run for caner research, that he ran at any rate. Some may contend that Terry was excessively fixated on his run, and was extremely cranky. Terry Fox was unstable; he was fixated on his run that he was frequently hard to get al ... <! Terry Fox articles Terry was a wavy haired little youngster who was conceived in Winnipeg Manitoba on July 28, 1958. He was brought up in Port Coquitllam, B. C. His folks names were Rolly and Betty Fox. His mother was 42 years of age and his father was age 44. His father functioned as a Canadian National Railway as a switch man. His family was close. He had two siblings Fred, Darrel, and a sister Judith. Terry went to college in Port Coquitlam B.C. His first year he got one of the two competitors to get the schools most elevated athletic honors. Toward the finish of his first year of college, there was an agony in his knee. He woke up one day and couldnt walk. After seven days Terry discovered that his torment in his knee was not only a throb he had a tumor, that ended up being disease. His leg was taken off six creeps over the knee, and his chances were fifty to seventy percent recuperation. Terry needed to fund-raise for disease so he headed out to run a long distance race, which he called Marathon of Hope. It took him 66% of the path across Canada. The run was a 3,000 mile run. Terry prepared for the run for fifteen months, averaging 23 miles per day. He started his spat April in St. Johns Newfoundland, his sibling went on the run with him. Terry needed his sibling with him for help. Through the run Terry experienced rankles, and blisters, however propped up on. Everybody couldnt comprehend why he was getting himself through agony, hurts, and rankles, however he wanted to run and wouldnt surrender. He would go through the breeze, downpour and blasting sun, likewise through the murkiness of the early morning and the glare of the late spring evening. Terry was doing what he needed to do, to fund-raise for all the individuals who had malignancy such as himself. His torment didnt matter to him, he was making his fantasy materialize. Every single morning Terry would get dressed for his run and put on his T-shirt with the Canadian Flag on it. On his run he would ... <!

Freedom through Christianity essays

Opportunity through Christianity papers Opportunity through Christianity What do individuals search for in religion? Do they search for direction, convictions, reason, or do they search for help? African-Americans have searched for these for a long time. They discovered these in Christianity. Christians put stock in one God who they love, trust, and turn upward to. Since Christianity was first intorduced in the early Colonial Period, African-Americans have utilized their Christian convictions to battle shocking things that have gone on in America, for example, subjection and isolation. As African-Americans were caught through the slave exchange and brought to the provinces they had various strict convictions. Numerous individuals are incredibly oblivious in history and accept that every African-American were once joined all in all in Africa. This was not almost the situation. Africa was comprised of a wide range of states with a wide range of individuals and with various convictions. These individuals were darker looking, yet aren't all white individuals fair looking. The white man has never concurred on one principle language. As the African-Americans were brought to the settlements from Africa, they utilized Christianity to help unite them. A few people use routine to communicate their Christian convictions. This was completely begun by the slaves. African-American slaves utilized melodies, moves, and frequently stories to show their sentiments about God. These accounts were called cheat stories. As African-American slaves turned out to be increasingly engaged with the Christian confidence it gave them something to live and battle for. Rather than doing work for their white proprietors, they accomplished their work for themselves and in particular, they did it for God. Slaves were treated as creatures. They had to work in the fields, in the house, or on the homesteads for nothing. They were beaten, denied of food and apparel, and even assaulted. In the event that slaves attempted to flee they were caught and beaten. Being beaten implied being deprived of their garments and whipped seve... <!

Ineffectiveness of Communism Exposed in Animal Farm :: Animal Farm Essays

At one level, George Orwell’s â€Å"Animal Farm† is an engaging tale of an animal insurgency in England. In any case, underneath this honest storyline lie a few hopeless welcomed readings introduced through printed highlights, for example, abstract gadgets, characters and occasions which equal the Bolshevik Revolution. These readings, accomplished through minimizing certain data and privileging other data, lead perusers to receive a skeptical demeanor toward specific gatherings and political belief systems. Among Orwell’s welcomed readings are the inclination of socialist governments to get degenerate, the maltreatment of broad position and the adequacy of publicity. All through â€Å"Animal Farm†, Orwell drives perusers to see socialism skeptically by recommending that socialist governments are dishonest and abuse moral standards. Socialism is tons of opportunity and fairness. To be sure, when Old Major paints clear pictures of creatures living unreservedly, he additionally brings up that â€Å"no creature should ever tyrannize over his own kind† and that â€Å"all creatures are equal† (p.6). Nonetheless, later in the novella, the pigs, having built up themselves as the high society, rule. The pigs power different creatures to work interminably while they lead lives of extravagance. Their mistreatment comes full circle at the change of the last rule to â€Å"All creatures are equivalent, however some are more equivalent than others† (p.85). Notwithstanding Old Major’s dream of freedom and fairness for all animals, vote based system neglects to appear at Animal Farm. Here, Orwell’s content proposes that s ocialism frequently gets degenerate and abuses the rules that established it, driving perusers to see socialism contrarily. This is strengthened when Orwell draws matches between the debasement of Animal Farm and the defilement of the standards of the Russian Revolution. Opponents for Soviet administration Leon Trotsky and Joseph Stalin are burlesqued by Snowball and Napoleon separately. Special perusers who know about the occasions in the Russian Revolution appreciate the incongruity and are along these lines given two socialist governments that fizzled. Therefore, perusers are persuaded that socialism once in a while works. While socialism might be an ineffective type of government, its lamentable impacts were declined by broad expert in the hands of degenerate pioneers. Orwell benefits the idea that the indecencies of pioneers having broad authority are reflected in the general public which they oversee. Napoleon, who is the pioneer of Animal Farm, is normally childish. This quality is displayed when Napoleon and the pigs have extravagant existences while different creatures live in neediness. For instance, after Mr Jones is toppled: â€Å"it was concurred that the milk and the bonus apples†¦should be held for the pigs alone† (p.

Business Ethics of of IRGreat Co Samples †MyAssignmenthelp.com

Question: Talk about the Business Ethics of IRGreat Co. Answer: The business or an association is administered by a lot of qualities, standards, gauges, and standards alluded to as business ethics(Drucker, 2018). The morals have two measurements, spellbinding and standardizing. A standardizing field is significantly utilized in collaborate practices and vocation specializations(Bhishmendra, 2007). Expressive perspectives are taken care of by scholastics who are attempting to investigate progressively about a business conduct. Business morals decide the major reason for an organization. For instance, the essential objective of IRGreat Co. is to discover an answer for the current plastic jugs. Trust of an association by the workers, clients and the overall population fabricates the associations achievement. This trust is constantly accomplished through the act of honesty in the strategic policies. An association isn't required to do this in view of the legitimate guidelines set by the specialists but since it is the best activity. IRGreat Co. shoul d make the best decision through the acquaintance of an option with plastic containers however it has neglected to be trustful since it has chosen to present an item which is more hurtful to the earth than the current one. From the contextual analysis, Deans partner ends up being an individual of high trustworthiness since he is guided by what is all in all correct to do however not what his manager needs him to so. For a business to be effective, it must show a few if not all morals depicted in this paper. Regardless Product respectability, this is critical to the individuals who buy the items. It brings to arrange open observation and acknowledgment of the brand(Lotich, 2016). IRGreat Co. professes to have thought of an item that is better contrasted with the current plastic containers as indicated by Dean's report. However, it is in opposition to what research center outcomes appeared after the test. In this manner I accept that, Dean's associate choice to make known about the research facility results that the item going to be organized is more hazardous than the ebb and flow plastic containers is a smart thought. It is useful for an organization to make it a culture to work with respectability as this enables new representatives to comprehend that working with genuineness is the best approach to do things. This spares associations regard and request in the profoundly serious market. Keeping of guarantees is major for any association to thrive(Bennett, 2014). This is the reason Deans associate perspectives it option to keep the guarantees he made to Dean about buckling down for IRGreat Company to sign an arrangement with the soda pops organization. Moral self-rule is tied in with being actually mindful, brilliant and insightful enough to suit the vocations of those individuals you collaborate with(Kant, 2015). A business, for instance, ought to be shrewd enough not to present a product in the market that will destroy the jobs of its clients and the overall population on the loose. Honesty is a significant factor. An organization is required to be honest to its clients. This encourages the organization to keep getting a charge out of solid help from its clients. Senior members collaborator strategy to uncover the effects of the item IRGreat Co. was going to offer to the soda pops organization was a shrewd choice as indicated by me. This is on the grounds that, thu sly, he will have kept up his trust to his youngsters on making a without carbon condition. Perceiving the distinction among good and bad is one character of moral people(Brian, 2018). These people consistently move in the direction of setting a case of moral lead. In business, for one to be good, the person in question needs to apply trustworthiness and reasonableness on how they identify with their collaborators and clients on the loose. One should, to be straightforward with their clients on the favorable position and weaknesses of an individual item. Senior members collaborator at IRGreat Co. chosen not to conceal the way that, treatment of their item changed the result to something different more perilous than what the item was accepted to be. He felt that it was acceptable to treat everybody in a way that he wished to be tended to. Having steadfast clients is the way to long-run business achievement. Serving similar clients with poise keeps up organizations' notoriety which consequently helps quickens the organization's picture a factor that assists with acquiring mor e clients. Natural protection is constantly a significant worry for each business. It is a prerequisite for any business to be thinking about the earth as it is the mother of the considerable number of chances. Senior member's associate felt that it was perfect for him to be straightforward in light of the fact that what IRGreat Co. was to acquaint with the earth was intended to confuse the wellbeing of the circumstance. This could absolutely squander the all the potential chances. To my decision, organizations ought to watch moral qualities each opportunity to empower their accomplishment in the market. References Bennett, T. (2014, April 4). 12 Business Ethics Examples. Recovered from Udemy.com: https://blog.udemy.com/business-morals models/ Bhishmendra, P. K. (2007). Moral Theories about Business. Business Ethics. Brian, H. (2018, March 26). The Advantages of Ethical Behavior in Business. Recovered from Chron: smallbusiness.chron.com/advantage-moral conduct business-21067.html Drucker, P. (2018). What is Business Ethics? The Public Intrest Spring (63), 18-31. Kant, I. (2015, August 16). What is Moral Autonomy? Recovered from Quora: www.quora.com/What-is-good self-governance Lotich, P. (2016, August 24). 6 Ways to Demonstrate Ethics and Integrity in Your Business. Recovered from The Thriving Small Business Vision-Strategy-Development-Growth: https://thethrivingsmallbusiness.com/instances of-business-morals and-uprightness/

Technorati

Technorati INTRODUCTIONMartin: Hi, today we are in San Francisco with Dave from Technorati. Dave, who are you and what do you do?Dave: My name is Dave Sifry and I am the founder and I have done a bunch of different jobs over at Technorati.Martin: Okay.BUSINESS MODELMartin: Can you tell us a little bit more about the business model, so how was the old business model of Technorati? How is the new business model of Technorati working and why did you pick it?Dave: That’s a great question. So we experimented for quite a while. I would say the naïve business model was: Gee, it’s search, we’ll put a bunch of ads on there, we’ll sell ads like Google Adwords and we’ll make tons of money. And what was interesting about thatâ€"and we did do that for a while but we never found that people were clicking strongly on the ads. It is that Technorati was a very different kind of beast than Google was, whether Yahoo or.., that people were not using Technorati as sort of the big librarian that they want ed. Sometimes you want to find out about the news, and sometimes you want to find out about a product, and sometimes you want to find out about a place. So all of those things could have some kind of an advertisement next to it, but things were on products or places that’s really lucrative. We just want to find out what’s going on right now, it’s not quite as interesting and what we realized was that because we were focusing so much on the internet as this enormous conversation as opposed to the internet as this huge library. That the people who were interested in the conversation were coming to us and they were addicted, they were using it all the time as long the service was running, we had some technical challenges along that front too. But the advertising model of just selling product ads wasn’t going to work.So then what we realized was that what we really were building was relationships with people who were creators. That the people who actually were coming to Technora ti all the time were people who were bloggers, who were reporters, people who were interested in what’s going on in the conversation around the world and very often they were also people who were creating that conversation as well. And so at that point we realized, Oh what if we could be a conduit to help them make money. And that was when that first business model really took off, when we realized that I mean classically you would call that an advertising network. We were doing a lot more that just Ad network stuff. But even at its simplest, we were trying to help these publishers be able to not only learn more about who they were and where they sat in the top 100 and what have you but also how they could make money off of what they were doing. And we did it in a very automated way. So that went very very well for a while, so that was sort of the first pivot. And then what happened there was that as a programmatic I mean the whole world of internet advertising has changed over the last 5 to 6 years, I mean just enormously. Now I stepped away from Technorati from an active role in 2008 but I have been sitting on the board ever since the first day. So it’s been wonderful really to kind of just watch as how the older model of direct advertizing and building display ads and stuff like that, that model was really fading on everything except for the biggest and biggest of site, but there was still an enormous opportunity around this growing programmatic trend. And because we had so many deep relationships both with these publishers and with the demand sources we were able to see a lot in the market place that wasn’t being seen by other people. And so that then caused us to really go into a new technology world where it was less about search and now it was more about helping demand find supply and helping supply find demand. And that’s much less of a public woo-hoo kind of ‘make the world economic forum’ kind of headline but it’s actually a really re ally strong stable business. So we’ve been doing that now for a while and that has just been taking off like crazy. And so it’s really exciting to be a part of you think the company is going to be one thing when you are starting it and you’re running it and it is that for some time and then you realize but in order for it to be sustainable you really have to go where the revenue is and transitioning your team, transitioning your company without changing the core values that you believe in. And that’s one of those things that I feel just incredibly proud about that it’s a business that looks very different today than it did in 2004 and 2005, but I feel very comfortable that the way we do business, the kinds of people who work there and the kind of service that we are providing still fits those values very very deeply.Martin: Great.ADVICE TO ENTREPRENEURS In San Francisco, we meet the founder of Technorati, Dave Sifry. He shares how the current business model of Technorati works, as well as great advice in area of organizational management for young entrepreneurs.The transcript of the interview is provided below.INTRODUCTIONMartin: Hi, today we are in San Francisco with Dave from Technorati. Dave, who are you and what do you do?Dave: My name is Dave Sifry and I am the founder and I have done a bunch of different jobs over at Technorati.Martin: Okay.BUSINESS MODELMartin: Can you tell us a little bit more about the business model, so how was the old business model of Technorati? How is the new business model of Technorati working and why did you pick it?Dave: That’s a great question. So we experimented for quite a while. I would say the naïve business model was: Gee, it’s search, we’ll put a bunch of ads on there, we’ll sell ads like Google Adwords and we’ll make tons of money. And what was interesting about thatâ€"and we did do that for a while but we never found that people were clicking strongly on the ads. It is that Technorati was a very different kind of beast than Google was, whether Yahoo or.., that people were not using Technorati as sort of the big librarian that they wanted. Sometimes you want to find out about the news, and sometimes you want to find out about a product, and sometimes you want to find out about a place. So all of those things could have some kind of an advertisement next to it, but things were on products or places that’s really lucrative. We just want to find out what’s going on right now, it’s not quite as interesting and what we realized was that because we were focusing so much on the internet as this enormous conversation as opposed to the internet as this huge library. That the people who were interested in the conversation were coming to us and they were addicted, they were using it all the time as long the service was running, we had some technical challenges a long that front too. But the advertising model of just selling product ads wasn’t going to work.So then what we realized was that what we really were building was relationships with people who were creators. That the people who actually were coming to Technorati all the time were people who were bloggers, who were reporters, people who were interested in what’s going on in the conversation around the world and very often they were also people who were creating that conversation as well. And so at that point we realized, Oh what if we could be a conduit to help them make money. And that was when that first business model really took off, when we realized that I mean classically you would call that an advertising network. We were doing a lot more that just Ad network stuff. But even at its simplest, we were trying to help these publishers be able to not only learn more about who they were and where they sat in the top 100 and what have you but also how they could make money off o f what they were doing. And we did it in a very automated way. So that went very very well for a while, so that was sort of the first pivot. And then what happened there was that as a programmatic I mean the whole world of internet advertising has changed over the last 5 to 6 years, I mean just enormously. Now I stepped away from Technorati from an active role in 2008 but I have been sitting on the board ever since the first day. So it’s been wonderful really to kind of just watch as how the older model of direct advertizing and building display ads and stuff like that, that model was really fading on everything except for the biggest and biggest of site, but there was still an enormous opportunity around this growing programmatic trend. And because we had so many deep relationships both with these publishers and with the demand sources we were able to see a lot in the market place that wasn’t being seen by other people. And so that then caused us to really go into a new techno logy world where it was less about search and now it was more about helping demand find supply and helping supply find demand. And that’s much less of a public woo-hoo kind of ‘make the world economic forum’ kind of headline but it’s actually a really really strong stable business. So we’ve been doing that now for a while and that has just been taking off like crazy. And so it’s really exciting to be a part of you think the company is going to be one thing when you are starting it and you’re running it and it is that for some time and then you realize but in order for it to be sustainable you really have to go where the revenue is and transitioning your team, transitioning your company without changing the core values that you believe in. And that’s one of those things that I feel just incredibly proud about that it’s a business that looks very different today than it did in 2004 and 2005, but I feel very comfortable that the way we do business, the kinds of peopl e who work there and the kind of service that we are providing still fits those values very very deeply.Martin: Great.ADVICE TO ENTREPRENEURSMartin: Dave we always try to share some advice and you already shared some of your lessons. Are there any other lessons that you would like to share with our readers?Dave: Hmmm, good question. There are so many things that we could be talking about.So I think one of the things that I have always found really interesting is organizational development. And I think that start upsâ€"whether it’s even inside of a bigger company or if it’s a brand new start-up that there are some real challenges that happen and having now building 6 companies and some of them have gotten 500 people or so. Some of them were still really small when we sold them but I have learned a few things about people and organizations. So I’ll share a little bit about some of the things that I have learnt, maybe this will apply to you maybe it won’t, I don’t know. So th e single biggest thing to be looking for is communications cost compared to revenue or shall we just say efficiency in overhead. Every single new person that you add, there is going to be some increase in communications overhead.The first one is literally when you from, it’s just me and I am just transferring between the two sides of my brain to now there is another person, we need to talk to each other. That’s a huge amount of communications overhead but you get nearly a doubling in productivity, it’s really worth it. When you go from 2-3 you’re actuallyâ€"not that much more communications cost but you are getting another increase by 66% in your productivity. And that tends to work until you get to somewhere around 8 or 10 people and there is this really obvious, very very natural place where it’s super highly efficient, you don’t really need a lot of meetings, everybody just sort of works together it’s very very tightly coupled. Yet productivity is still, significant ly increasing for every single new person that you add.Then you start to switch, there’s a phase that happens somewhere between 8-10 people and about 18-20 people where you have to start using some kind of departmentalization. You need to start saying, ‘Well, I am going to focus a little bit more in engineering, you’re a little bit more on marketing, you’re going to focus more on sales’, and you start to see these organizational elements pop up. But by no means is it formal, it’s still maybe you got the marketing guy but everybody talks to everybody, you are all in a big office space like this. But what you notice is that, a couple of decisions made just by two guys having pizza late at night could have repercussions on the rest of the company. So there is a communications overhead that has to happen. So now you have to start having all hands meeting and you have to, ‘Oh, let me bring you in on what the other parts of the company are doing’ and you want to have cross department or sort of executive staff meetings, these kinds of things. So these are what you want to watch out for.And then here’s the most interesting part, so when you get from somewhere around 20 people up to about to 60 is what I call the death zone. So what happens is, as soon as you start getting somewhere around the realm of the early 20s the overall productivity of a new employee is actually offset by the communications overhead. So even though you get some small increase there is so much communication overhead in general that it actually costs you more money to bring in that employee. So this is the classic mistake that a lot of young startups, and I know I’ve personally made is you are sort of at the 60th stage and you’re like, ‘We can just do one thing, but to do it really well, we need to do two things, let me hire five or six more people and we’ll get that second thing done’, never happens. What happens is you hire those 5 or 6 more people and it just adds more chaos. So at that point, this is actually important we’re having a really good CFO, we are having somebody who is a really good finance person, maybe that’s you the CEO but you really need to sit down and say, ‘Do I have enough revenues? This new person that I am bringing in, employee number 22, what’s the revenue impact that I am going to get from this person?’ If it’s more than their annual salary, hire them, if it’s not, don’t hire them and you’ve got to wait until you have enough of what you are doing to be able to grow. And that’s the only way that I found to get through that death zone. And it’s just a slog, every single new employee has to be justified by the additional amount of revenue that you are bringing in. And then you are literally paying for them.Now, once you get to 60, another magical thing happens, which is all of a sudden, you can start doing three or four things at once, you have a layer of middle management and process that just natu rally falls into place. And now all of a sudden, you get super efficient again. So from 60 to about 120, golden zone. You’re doing great because you are making enough money, your revenues are growing, they are predictable, you can start going back and saying toâ€"that’s actually where the spreadsheets really really matter. When you are at 15 or 20 people and you don’t where you revenue model is really, you kind of sort of do but you are not sure, all of those yearly projections they are all BS. When you get to 60, now you can start to forecast out a quarter or two quarters out and you’re like, ‘Wow, now I understand how to do some planning’. And that’s a fabulous time to be able to grow into new markets or grow, expand internationally.Now there is this next thing that happens at 120, so 120 is the Dunbar number. Have you ever heard of the Dunbar number?Martin: No, never.Dave: So he was a scientist, his first name slips my mind at the moment. But he basically studied, h e was an anthropologist studying tribes and what he found was that when tribes get to be about 120 people there is something in the human brain, I mean we’ve somehow found this out that actually you start believing that some of those people are no longer in your tribe.Martin: So they split somehow.Dave: Exactly and so they actually have civil wars, they’ll naturally start to split, they’ll have this dichotomy. And so in fact, in places like 3M, Good to great Jim Collins wrote about this, what 3M actually does is that as soon as you get to somewhere around 100, 110 people is they literally split the department into two 60 person departments, where again they are now at the golden size again and now they each do separate things. And that’s another one of those where I remember at Linux Care when we had grown beyond 120 people and I remember I was the co-founder of the company and I remember walking down our halls one day and people were like, ‘Hey Dave, how are you doing?’ and I remember looking at my co-founderâ€"Martin: Who is that?Dave: I’m like, ‘who is that?’Martin: Yes.Dave: Exactly and it’s like ‘Oh my God, they work here’, clearly, they have a badge, it says Linux Care and I don’t even know, I’ve never seen them before, I don’t know who they work for, I don’t know how they got hired. It’s freaky and so you want to avoid that. So when you get to 120 is the time to organizationally to start looking and saying, ‘Okay how do we now split this up into semi autonomous or autonomous sub organizations as well’. So that’s would be my short little freebies on organizational theory, just some things I have learned in the field.Martin: Dave, thank you very much for time and your thoughts and your sharing of knowledge.Dave: Sure Martin. It’s great to meet you and thanks so much for coming.Martin: Thanks.

Community Psychology Citizen X Movie Review - 275 Words

Community Psychology: Citizen X Movie Review (Movie Review Sample) Content: Community Psychology: Citizen XStudents Name:Institutional Affiliation:Community Psychology: Citizen X 1 Rostov (near Rostov-on-Don Town), south of Soviet Union 2 Burakov, the forensic pathologist, Fetisov Rea's supportive superior, and plainclothes officer at Donleskhoz station. 3 52 woman and children were murdered, 35 of them were children. 4 Andrei Chikatilo lured them into sex and stabbed them to death before ejaculating on them. 5 The killer was married to Feodosia Odnacheva. 6 Chikatilo had 2 children, daughter Lyudmila (1965) and son Yuri (1969). 7 Chikatilo worked in an industry in Novocherkassk. 8 Chikatilo was first arrested on 13 September 1984 but released the results of his blood type analysis discounted him as to the killings (Griffin, 2015). He had semen of a different blood type. 9 When the killer first came to the attention of the ME, it was in the fall season. 10 The killer was caught for the second time during the rainy season. The climate was cool and wet. Yes, the ME had emotional reactions especially the interrogator because he had many friends affected by the murder cases. The psychiatrist came and helped ME to get a confession which closed the case. The ME has FBI of the US who had enough research but the higher-ups refused to allow the ME to contact them in the fear that it would make USSR look weak. The ME was congratulated by the public, the interrogator, and General Fetisov. The higher-ups offered military support which helped get the last body before Chikatilos final arrest (Griffin, 2015). The helped The ME to get a confession form Chikatilo who was a hard nut to crack. This helped the ME discover three more bodies and close the case. The Law enforcement used uniformed officers to ensure that the killer lays low before catching him using plainclothes officers (Griffin, 2015). They plainclothes officers acted as CIs. The killer, Chikatilo, was convicted of 52 murders and executed by being shot to death. After the ki ller was caught, Gorbunov interrogated him for seven consecutive days without yielding even under pressure (Griffin, 2015). Burakov and Fetisov instated on bringing in Psychiatrist Bukhanovsky but Gorbunov only agrees a...

Genius Quotes of Galileo Galilei

Italian inventor and astronomer, Galileo Galilei was born in Pisa, Italy on February 15, 1564, and died on January 8, 1642. Galileo has been called the Father of the Scientific Revolution. The scientific revolution refers to a period of time (roughly from 1500 to 1700) of great advancement in the sciences that challenged the traditional beliefs about mankinds place and relationship with the universe held by religious orders. On God Scriptures To understand the quotes of Galileo Galilei concerning God and religion we have to understand the times Galileo lived in, an age of transition between religious belief and scientific reason. Galileo received his higher education at a Jesuit monastery beginning at the age of eleven, religious orders provided one of the few sources of advanced education at that time. The Jesuits priests made a great impression on the young Galileo, so much so that at the age of seventeen he announced to his father that he wanted to become a Jesuit. His father immediately removed Galileo from the monastery, not wanting his son to pursue the unprofitable career of becoming a monk. Religion and science were both intertwined and at odds during Galileos lifetime, the late 16th century and early 17th century. For example, a serious discussion among academics at that time, was about the size and shape of hell as depicted in the poem Dantes Inferno. Galileo gave a well-received lecture on the topic, including his scientific opinion about how tall Lucifer was. As a result, Galileo was given a position at the University of Pisa based on favorable reviews of his talk. Galileo Galilei remained a profoundly religious man through his lifetime, he found no conflict with his spiritual beliefs and his studies of science. However, the church did find conflict and Galileo had to answer to charges of heresy in church court more than once. At the age of sixty-eight, Galileo Galilei was tried for heresy for supporting the science that the earth rotated around the sun, the Copernican model of the solar system. The Catholic church supported the geocentric model of the solar system, where the sun and the rest of the planets all rotate around a central non-moving earth. Fearing torture at the hands of the church inquisitors, Galileo made a public confession that he had been wrong to have said that the Earth moves around the Sun. After making his false confession, Galileo quietly mumbled the truth: And yet, it moves. With the battle between science and church that occurred during Galileos lifetime in mind, consider the following quotes from Galileo Galilei about God and the scriptures The Bible shows the way to go to heaven, not the way the heavens go.I do not feel obliged to believe that the same God who has endowed us with sense, reason, and intellect has intended us to forgo their use.It is surely harmful to souls to make it a heresy to believe what is proved.It vexes me when they would constrain science by the authority of the Scriptures, and yet do not consider themselves bound to answer reason and experiment.I think that in the discussion of natural problems we ought to begin not with the Scriptures, but with experiments, and demonstrations.By denying scientific principles, one may maintain any paradox.Mathematics is the language with which God has written the universe.What ever the course of our lives, we should receive them as the highest gift from the hand of God, in which equally reposed the power to do nothing whatever for us. Indeed, we should accept misfortune not only in thanks but in infinite gratitude to Providence, which by such means detaches us from an excessive love for Earthly things and elevates our minds to the celestial and divine. On Astronomy Galileo Galileis contributions to the science of astronomy included; supporting Copernicuss view that the Sun was the center of the solar system, not the Earth, and advancing the use of the newly-invented telescope by observing sun spots, proving that the Moon had mountains and craters, discovering the four moons of Jupiter, and proving that Venus goes through phases. The sun, with all those planets revolving around it and dependent on it, can still ripen a bunch of grapes as if it had nothing else in the universe to do.The Milky Way is nothing else but a mass of innumerable stars planted together in clusters. The Study of Science Galileos scientific achievements include inventing: an improved telescope, a horse-powered pump to raise water, and a water thermometer. Facts which at first seem improbable will, even on scant explanation, drop the cloak which has hidden them and stand  forth in naked and simple beauty.In questions of science, the authority of a thousand is not worth the humble reasoning of a single individual.Where the senses fail us, reason must step in.Nature is relentless and unchangeable, and it is indifferent as to whether its hidden reasons and actions are understandable to man or not. With Regards to Philosophy I have never met a man so ignorant that I couldnt learn something from him.We cannot teach people anything; we can only help them discover it within themselves.Passion is the genesis of genius.There are those who reason well, but they are greatly outnumbered by those who reason badly.

Analysis Of The Novel Things Fall Apart - 1100 Words

Christine Kittrell Professor Harrington HUM 200: Contemporary Lit Culture 30 September 2014 American society vs. Umuofian society Values are beliefs, priorities, and or activities that people find importance in. In the 1959 novel â€Å"Things Fall Apart† written by Chinua Achebe, the concentration is on the nine Ibo-speaking villages of Umuofian, which means People of the Forest†. Umuofian is the village in which Okonkwo, the protagonist, thrives in everything and is able to secure his manly position in the tribe. There are little similarities and many differences in the values of an American society and the values of a traditional Umuofian society such as marriage, religion, role of men and women, the way each handle wars and the political system. One difference of an American society and an Umuofian society is the practice of polygamy, the practice of having many wives. This tradition is practiced in the connected nine villages of Umuofian and even encouraged by most of the people. A man s wealth is partially based on the number of wives he has. As described in Things Fall Apart, a wealthy man is defined to have nine wives and thirty children. Okonkwo had only three wives and eight children. Polygamy is not something many Americans are familiarized with. American culture teaches that monogamy, the opposite of polygamy, is the proper, accepted form of marriage. In American culture, having more than one partner in a marriage is often cause for divorce and called cheating.Show MoreRelatedAnalysis Of The Novel Things Fall Apart 1435 Words   |  6 Pages ‘’Things Fall Apart’’ novel tries to bring back up cultural, social as well as spiritual basics of traditional Igbo (Ibo) existence from the year 1850 and 1900. The novel cannot be fixed like truthful societal and political old times of Ibo society since it is a work of invented story. However, the novel describes disagreements and apprehensions in Igbo society. It also depicts changes initiated by colonial ruling and Christianity. The author mentions that European colonialism operates as a powerful Read MoreAnalysis Of The Novel Things Fall Apart 1772 Words   |  8 Pages Introduction The novel â€Å"Things Fall Apart† focuses on the colonization history of Igbo, an ethnic group which was crashed by Christian culture. The main character of the novel, Okonkwo, embodied the sufferance of Igbo society as well as the decline of Igbo culture. The novel is written by Chinua Achebe who was born in Nigeria. Achebe lived in an English environment and thus he was proficient in writing English. The novel is written in English regardless of its AfricanRead MoreWork1068 Words   |  5 Pages2013 Things Fall Apart: Character Analysis Research Paper In the novel Things Fall Apart by Chinua Achebe, the main character Okonkwo has only one tragic flaw; he has raised himself so that looking weak or effeminate is the worst thing to him that he could do. Okonkwo is a model clansman based on his success. However, he is more alienated from his culture based on his lack of respect for it. In this research paper, I’ll walk through a character analysis of Okonkwo. The protagonist of Things FallRead MoreThe Struggle Between Tradition and Change1056 Words   |  5 PagesENGL 2112 October 17, 2012 In Things Fall Apart by Chinua Achebe, the reader is taken on a literary journey to a Nigerian tribe, the Umuofia, to experience first-hand the struggles of a warrior named Okonkwo. At first glance, the novel appears to be written for a very specific audience: scholars familiar with Nigerian history, traditions, and culture. However, upon further examination the novel reveals itself to be a striking chronicle of human experiences, universal themes, and timelessRead MoreAnalysis Of Feminism In Things Fall Apart1070 Words   |  5 Pages The analysis of feminist theory in Things Fall Apart presents reason for the sexism that is continuously portrayed. Sexism and problematic gender roles within the novel are repeatedly depicted throughout a number of scenes and characters. With this, we are able to see how sexism exists in various cultures and how the implementation of sexism is detrimental to society. Although, as feminist theory states, rebelling and challenging the patriarchal syste m is necessary to halt gender roles and sexualRead MoreChinua Achebe : The Invention And Mastery Of Modern African Literature1695 Words   |  7 Pagesauthor certainly knows how to create a work of literature that transcends time. Seen expertly in his best selling novel Things Fall Apart Achebe combines narrative techniques to give a voice to the Igbo tribe of Niger, accurately depicting them in a way they never had been before. His use of an evolving narrative view, ethnographic views and neutrality on tough subjects allows this novel to become an instant success and stellar view into previously unexplored cultures. Emeka Aniagolu quotes AfricanRead MoreChinua Achebe : The Invention And Mastery Of Modern African Literature1595 Words   |  7 Pagesauthor certainly knows how to create a work of literature that transcends time. Seen expertly in his best selling novel Things Fall Apart Achebe combines narrative techniques to give a voice to the Igbo tribe of Niger, accurately depicting them in a way they never had been before. His use of an evolving narrative view, ethnographic views and neutrality on tough subjects allows this novel to become an instant success and a great view into previously unexplored cultures. Emeka Aniagolu quotes AfricanRead MoreChinua Achebe’s Things Fall Apart: Exploring the Ibo Culture1743 Words   |  7 PagesAchebe’s Things Fall Apart. Things Fall Apart is a 1958 English novel by Nigerian author Chinua Achebe. Achebe is indebted to Yeats for the title as it has been taken from Yeats’ poem The Second Coming. Achebe is a fastidious, skillful artist and garnered more critical attention than any other African writer. His reputation was soon established after his novel Things Fall Apart. He made a considerable influence over young African writers. It is seen as the archetypal modern African novel in EnglishRead MoreChinua Achebe s Things Fall Apart1308 Words   |  6 PagesIn Things Fall Apart by Chinua Achebe, the reader is taken on a literary journey to a Nigerian tribe, the Umuofia, to experience first-hand the struggles of a warrior named Okonkwo. At first glance, the novel appears to be written for a very specific audience: scholars familiar with Nigerian history, traditions, and culture. However, upon further examination the novel reveals itself to be a striking chronicle of human experiences, universal t hemes, and timeless struggles that appeal to every humanRead MoreChinua Achebe s Life Of Literature999 Words   |  4 Pages Portfolio Essay: Chinua Achebe Chinua Achebe is a renowned Nigeria novelist lauded for his work in literature. Chinua Achebe has been credited with numerous works of literature ranging from novels to journals. His work cuts across borders, making huge success and accepted globally in the world of literature. Even critics had to accept Chinua Achebe is the greatest our time, such was Charles H Rowell a literary critic issued in Callaloo a reputable

How to Become a Financial Analyst in Your Own Life 2019

I am horrible with the checkbook. I fell into the same trap as many twenty somethings did back in their teens when the credit card companies made them a member of their mass mailing club. I received my Youve been pre approved! envelopes containing persuasive letters from the big guns of the credit world. Visa, MasterCard, and the pro of all marketing ploys: American Express. It is tantalizing to a 16 year old, you spend like the plastic doesnt represent real money, and then you get the bill. Ow, reality hurts. Now I am twenty four and still cleaning up my mess. My credit is shot and despite my carefree outlook on life, I have realized that I need to start learning how to be financially responsible so I can hope to buy a home and be successful with my income in the future. Being your own financial analyst means realizing that what you earn is not necessarily what you can spend. While I am fully supportive of the idea of blowing that first celebratory paycheck at the mall, I do also want to stress that I have learned the importance of savings and cutting out what it is in life that causes expenses that you dont really need. .ud9eeb5365685ba106415cbd594e83c69 { padding:0px; margin: 0; padding-top:1em!important; padding-bottom:1em!important; width:100%; display: block; font-weight:bold; background-color:#eaeaea; border:0!important; border-left:4px solid #34495E!important; box-shadow: 0 1px 2px rgba(0, 0, 0, 0.17); -moz-box-shadow: 0 1px 2px rgba(0, 0, 0, 0.17); -o-box-shadow: 0 1px 2px rgba(0, 0, 0, 0.17); -webkit-box-shadow: 0 1px 2px rgba(0, 0, 0, 0.17); text-decoration:none; } .ud9eeb5365685ba106415cbd594e83c69:active, .ud9eeb5365685ba106415cbd594e83c69:hover { opacity: 1; transition: opacity 250ms; webkit-transition: opacity 250ms; text-decoration:none; } .ud9eeb5365685ba106415cbd594e83c69 { transition: background-color 250ms; webkit-transition: background-color 250ms; opacity: 1; transition: opacity 250ms; webkit-transition: opacity 250ms; } .ud9eeb5365685ba106415cbd594e83c69 .ctaText { font-weight:bold; color:inherit; text-decoration:none; font-size: 16px; } .ud9eeb5365685ba106415cbd594e83c69 .post Title { color:#000000; text-decoration: underline!important; font-size: 16px; } .ud9eeb5365685ba106415cbd594e83c69:hover .postTitle { text-decoration: underline!important; } READ Online Degree Options in Health CareA great first step is to find a bank that offers direct savings programs. Many, if not all banks, will set up a joint checking/savings account for you, which automatically deposits a percentage each month from your checking into your savings. It is usually a small enough of an amount that you dont even miss it, and at the same time you have accomplished a brainless way to save money. This can add up, and when you get your monthly statements, you will be pleased to realize that you have managed to save some cash without suffering during the process. Secondly, draw upon your bank statement to make an itemized list of what you spend your money on each month. What will you simply die without and what can you manage to kiss goodbye? A night out at the movies is an average of $9.50 per person. Blockbuster is 4 bucks. Which movies can you turn away from until they arrive onto DVD? A meal out can average anywhere from $4 for a fast food lunch to $15-20 a person for a median priced sit down. Grocery shopping and cooking at home saves the average family more than you probably realized. And you hone a new skill at the same time. .uaad82e27580a8ff46904b1036db5de39 { padding:0px; margin: 0; padding-top:1em!important; padding-bottom:1em!important; width:100%; display: block; font-weight:bold; background-color:#eaeaea; border:0!important; border-left:4px solid #34495E!important; box-shadow: 0 1px 2px rgba(0, 0, 0, 0.17); -moz-box-shadow: 0 1px 2px rgba(0, 0, 0, 0.17); -o-box-shadow: 0 1px 2px rgba(0, 0, 0, 0.17); -webkit-box-shadow: 0 1px 2px rgba(0, 0, 0, 0.17); text-decoration:none; } .uaad82e27580a8ff46904b1036db5de39:active, .uaad82e27580a8ff46904b1036db5de39:hover { opacity: 1; transition: opacity 250ms; webkit-transition: opacity 250ms; text-decoration:none; } .uaad82e27580a8ff46904b1036db5de39 { transition: background-color 250ms; webkit-transition: background-color 250ms; opacity: 1; transition: opacity 250ms; webkit-transition: opacity 250ms; } .uaad82e27580a8ff46904b1036db5de39 .ctaText { font-weight:bold; color:inherit; text-decoration:none; font-size: 16px; } .uaad82e27580a8ff46904b1036db5de39 .post Title { color:#000000; text-decoration: underline!important; font-size: 16px; } .uaad82e27580a8ff46904b1036db5de39:hover .postTitle { text-decoration: underline!important; } READ Colleges and Universities in Guam Pursuing Online Education in GuamNext make a budget and consider it the unbreakable law. Find out how much you are able to spend save, and stick to it! Dont impulse buy. Walk away for a few hours from items that you see, and then come back to the situation later on to decide if you really do want to purchase it. Surprisingly, you will find that there are many things you dont really want or need. Lastly, consider hiring a real financial analyst to help you take the steps to become your own. Though costly, they are a money saver in the long run. Do what you need to do to achieve self control. You will thank yourself later. It is easier than you think to financially analyze your own situation. Everyone has the opportunity to be successful in money and in life. Give yourself the chance that you deserve. .u00a15324d07533103b6fd2e5bef18c34 { padding:0px; margin: 0; padding-top:1em!important; padding-bottom:1em!important; width:100%; display: block; font-weight:bold; background-color:#eaeaea; border:0!important; border-left:4px solid #34495E!important; box-shadow: 0 1px 2px rgba(0, 0, 0, 0.17); -moz-box-shadow: 0 1px 2px rgba(0, 0, 0, 0.17); -o-box-shadow: 0 1px 2px rgba(0, 0, 0, 0.17); -webkit-box-shadow: 0 1px 2px rgba(0, 0, 0, 0.17); text-decoration:none; } .u00a15324d07533103b6fd2e5bef18c34:active, .u00a15324d07533103b6fd2e5bef18c34:hover { opacity: 1; transition: opacity 250ms; webkit-transition: opacity 250ms; text-decoration:none; } .u00a15324d07533103b6fd2e5bef18c34 { transition: background-color 250ms; webkit-transition: background-color 250ms; opacity: 1; transition: opacity 250ms; webkit-transition: opacity 250ms; } .u00a15324d07533103b6fd2e5bef18c34 .ctaText { font-weight:bold; color:inherit; text-decoration:none; font-size: 16px; } .u00a15324d07533103b6fd2e5bef18c34 .post Title { color:#000000; text-decoration: underline!important; font-size: 16px; } .u00a15324d07533103b6fd2e5bef18c34:hover .postTitle { text-decoration: underline!important; } READ Bachelor of Arts in Organizational Management Teaching People Skills for Effective Management Related ArticlesLife is the Best Financial Planning EducationOnline Degree Programs The Pros and Cons of Enrolling in Higher Education through Distance ProgramsHeroes of The Information Technology BusinessAA Business Watch Out for these Common Degree ScamsA Career in Accounting Can Really Add UpFinancial Planning a Worthwhile Career

Analysis Of The Book The Point Of View - 1030 Words

The point of view helps the reader or audience understand each characters thoughts and also helps the reader understand every characters dreams throughout the play. 3. Plot Structure a. Exposition- This play starts out with the Youngers nervously waiting for Mama’s $10,000 check to arrive. She inherited this because of the death of her husband, Big Walter. Everybody wants this money for different reasons, but Walter has his mind set on using it to open up a liquor store with Willy Harris. b. Inciting Incident- When the check comes, they don’t know what to do with it since everybody has their own idea on how to spend the money. c. Events contributing to rising action- Ruth finds out she is pregnant and goes to the doctor to get an abortion. When Mama tells Walter she will not give him money for the liquor store, Walter looses it and storms out the house. He starts to drink and doesn’t come home for a few days. Mama decides to buy a house in Clybourne Park. She gives Walter the left over money and tells him to put some of it away for Beneatha’s medical school. Karl Linder tells them that it is better if they don’t move in this neighborhood because it was a white neighborhood. He made them a deal, but they didn’t accept it. They later find out that Willy had betrayed Walter as he took all the money for himself. They were all devastated that they lost all the money including Beneatha’s money for school since Walter never put some of it away for her. d. Climax (Crisis/turningShow MoreRelatedCharacter Analysis Of Rita Hayworths Shawshanks Redemption 1362 Words   |  6 PagesPARAGRAPH 2 SOP: WOULD YOU RECOMMEND THIS BOOK TO A FRIEND? LITERACY ANALYSIS: SETTING 3 PARAGRAPH 1 PARAGRAPH 2 LITERACY ANALYSIS: POINT OF VIEW 4 PARAGRAPH 1 PARAGRAPH 2 â€Æ' PERSONAL RESPONSE || SOP I would strongly recommend Rita Hayworth and Shawshanks Redemption, a novella written by Stephen King to a friend because of it’s incredibly entertaining components, excitingly surprising twists and wonderfully deliberate character developments. Firstly, the book was stimulatingly entertaining to readRead MoreThe Book Of Daniel By William Shea1144 Words   |  5 PagesBrief Overview The book of Daniel by William Shea is a fascinating and interesting book that explains in a clear and distinguished manner an interpretation of the book of Daniel and apocalyptic prophecy in general. Thorough, historical research forms the basic solid formation of this book, combined with thorough and expansive exegesis of the concepts; although the details of the exegesis are not clearly written out so as to promote the central ideas of the book more thoroughly. 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Manangement Accounting 1 Free Essays

I hereby declare that the work in this assignment is my own except for quotations and summaries which have been duly acknowledged. __________________________________________ Name : SANTIRIKA A/P G. VEERAN Matrix No : 861109355388001 Date : 7 MARCH 2013 i ACKNOWLEDGMENT I would like to express my greatest gratitude to the people who have helped and supported me throughout my assignment. We will write a custom essay sample on Manangement Accounting 1 or any similar topic only for you Order Now I am equally grateful to my TUTOR: IZDIHAR B. BAHRIN @ MD. DAUD and E-TUTOR: BALDEV SINGH A/L PERTAB SINGH for his continuous support for the assignment. He gave me moral support and guided me in different matters regarding the topic. He had been very kind and patient while suggesting me the outlines of this assignment and correcting my doubts. I thank him for his overall supports. A special thank of mine goes to my colleague who helped me in completing the assignment exchanged their interesting ideas, thoughts, made this assignment easy and accurate. I wish to thank my parents for their undivided support and interest who inspired me and encouraged me to go my own way, without whom I would be unable to complete my assignment. At last but not the least I want to thank my friends who appreciated me for my work and motivated me and finally to God who made all the things possible. ii TABLE OF CONTENT DECLARATION i ACKNOWLEDGMENT ii |1. |INTRODUCTION ON THE COMPANY |6-12 | | |Introducing Dutch Lady | | | |Company Profile | | | |Corporate Vision | | | Corporate Mission | | | |SWOT ANALYSIS | | | |The Management Team Dutch Lady Milk Industries Berhad | | | |The Board of Directors Dutch Lady Milk Industries Berhad | | | |1. 1. 8 Brand products | | |2. |EXPLANATION OF THE FEATURES OF MANAGEMENT ACCOUNTING INFORMATION |13-16 | | |Relevant | | | |Understandable | | | |Timely | | | |Comparable | | | |Reliable | | | |Complete | | |3. |ASSESSMENT OF ‘RELEVANT’ ACCOUNTING INFORMATION OVER THE TWO YEARS |17-18 | | |3. 1. 1 Financing | | | |3. 1. 2 Budgeting | | | |3. 1. 3 Inventories | | | |3. 1. 4 Growth | | |4. 0 |ASSESSMENT OF‘COMPARABLE’ ACCOUNTING INFORMATION OVER THE TWO YEARS |19-23 | | |4. 1. Comparable Statement of Financial position at 31 December 2010 | | | |4. 1. 2 Comparable Statement of Comprehensive income for the year ended 31 December 2009 and 2010 | | | |4. 1. 3 Comparable Statement of Change in equity for the year ended 31 December 2010 | | | |4. 1. 4 Comparison between cash Flow of Dutch Lady Milk Industries Berhad | | |5. 0 |SUMMARY |24 | |6. |REFERENCES |25 | [pic] 1. 0 INTRODUCTION ON THE COMPANY 1. 1. 1 Introducing Dutch Lady For generations, we at Dutch Lady Milk Industries Berhad have made it our business to supply quality dairy and infant nutrition products to the nation. Today Dutch Lady Malaysia ranks as the leading dairy producer in Malaysia. Generations of Malaysians have grown up on Dutch Lady dairy products. Remember that indispensable carton of Dutch Lady UHT Chocolate Milk that you always carried to school for recess time. Well, today a brand new generation of young consumers is spoilt for choice with our extensive new range of growing u p milk products. Dutch Lady 123 and 456 not only come enhanced with TT-Ratio Advance to aid in expanding your child’s attention span for better learning experience, it is also now fortified with 5 x DHA that is proven to aid in brain development. This range, together with Dutch Lady 6+ Growing up Milk, comes in the usual vanilla, honey and chocolate flavors’ that children enjoy most. While Dutch Lady Malaysia first established itself as a manufacturer of sweetened condensed milk, Dutch Lady Milk Industries Berhad’s extensive product range now spans from infant formula and growing up milk to fruit juice and yoghurt snacks. Every product innovation in our rapidly developing infant and child formula range is backed by extensive research both locally and internationally. Royal FrieslandCampina, our parent company in the Netherlands, is constantly funding efforts to investigate and discover ways to take your little one’s nutrition to the next level. The Dutch Lady range also extends far beyond familiar flagship products such as Dutch Lady UHT milk or Dutch Lady 123. Other delicious items from our company that may have found their way into your snack break at work – or even dessert at your favorite restaurant include JOY fruit juices, and the Low and 0% fat eating and drinking yoghurt range. The latter, in particular, represent Dutch Lady’s constant efforts to develop an increasing variety of enjoyable dairy-based treats for the entire family. It is quality products like these, created to meet discerning taste buds like yours that make Dutch Lady a leader and one of the nation’s most trusted names in dairy products. Read on and find out more about how we’ve spent more than 50 great years in Malaysia, growing up with the nation and helping the nation to grow up healthy. http://www. dutchlady. com. my/en/home. asp? page=privacysubpage=privacy_policy Retrieved: 23 February 2013 (3. 00pm) 1. 1. 2 Company Profile [pic] Dutch Lady Milk Industries Berhad (â€Å"Dutch Lady Malaysia†) is a leader in the quality branded dairy business in Malaysia. It was incorporated in 1963, and was the first milk company in Malaysia to be listed on Bursa Malaysia, the local Stock Exchange in 1968. Its holding company is Royal FrieslandCampina, a Dutch multinational corporation and one of the largest milk companies in the world. Permodalan Nasional Berhad is the second largest shareholder in the Company. Dutch Lady Malaysia manufactures and sells a wide range of quality dairy products and fruit juices for the home and export market such as Infant Formula, Growing-up Milk, Powdered Milk, Condensed Milk, UHT Milk, Sterilised Milk, Pasteurised Milk, Cultured Milk, Yoghurt and Fruit Juice Drinks. The Company’s dairy products have a strong consumer following and are represented by strong brands such as Dutch Lady, Frisolac, Friso, Completa, Omela and Joy. The Company believes in product innovation and is well supported by its holding company, Royal FrieslandCampina. The Company constantly strives to improve its processes in order to deliver nutritious products of high quality to its consumers. It was the first company in the world to introduce a growing up milk powder specifically formulated for children from ages one to three. These products are currently marketed in Malaysia as Dutch Lady 123 and Dutch Lady 456. Besides supporting local industries by using substantial amount of local ingredients in its products, Dutch Lady Malaysia is also the largest purchaser of local fresh milk from the Veterinary Services Department. This is done via the Company’s Dairy Development Programme, carried out in collaboration with the DVS with the assistance of the Netherlands Embassy. The quality of the Company’s products is paramount. Quality Control and Quality Assurance are prime considerations. In line with this, the Company has continually been accredited with ISO 9001 certification since 1995. Strong emphasis is also placed on food safety with HACCP (Hazard Analysis Critical Control Point) System covering all its plants. In addition, the Company also has in place ISO 14001 Environment Management System and OHSAS 18001 (Occupational Health and Safety Assessment Series). The Company’s products are all halal-certified. Dutch Lady Malaysia’s annual revenue in 2009 is RM692 million. The Company’s factory is located in Petaling Jaya and it employs 600 Malaysians. Currently, Dutch Lady Malaysia is the market leader in key milk categories such as UHT milk, Sterilised milk and Growing-Up Milk. In addition to Dutch Lady Malaysia, Royal FrieslandCampina has three other companies in Malaysia, namely FrieslandCampina Business Development Unit, CPI Sdn Bhd, a regional operational headquarters, FrieslandCampina Service Centre Asia Pacific Sdn Bhd, an MSC-certified SAP competence centre and FrieslandCampina Domo Asia, a sales representative office for its ingredients business. Royal FrieslandCampina is a multinational that produces and markets natural, nutritious and high-quality dairy products and ingredients. Taste, health, convenience and reliability are key characteristics. Based on the figures of 2008, FrieslandCampina’s annual revenue amounts to 9. 5 billion euros. The company employs 21,000 people and has about 100 production and sales locations in 25 different countries. FrieslandCampina organises its activities into four business groups: Consumer Products Europe, Consumer Products International, Cheese Butter and Ingredients. The product range consists of consumer milk, milk in powder and concentrated form, dairy drinks, yoghurts, desserts, cream, coffee creamers, baby and infant food, cheese, butter and ingredients. Its most important brands are Campina, Chocomel, Completa, Dutch Lady, Frisian Flag, Foremost, Betagen, Friesche Vlag, Fruttis, Fristi, Vifit, Landliebe, Milli, Mona, Optimel, Optiwell, Puddis, Pottyos, Fruttis, NoyNoy, Peak, Rainbow, Yazoo, Appelsientje, DubbelFrisss, CoolBest, Debic, Frico, Milner, Buttergold, Valess, DMV, Kievit, Domo, Creamy Creation and Nutrifeed. The business is based on a cooperative model. The 16,000 member dairy farmers of Zuivelcooperatie FrieslandCampina are the owners and the suppliers of the milk. †¢ http://www. dutchlady. com. my/en/home. asp? page=privacysubpage=privacy_policy Retrieved: 23 February 2012 (3. 00pm) 1. 1. 3 Corporate Vision ? To further strengthen our position as the leading dairy company, driving growth. 1. 1. 4 Corporate Mission ? Helping Malaysians move forward in life with trusted dairy nutrition. 1. 15 SWOT ANALYSIS STRENGTHS |WEAKNESSES | |The strong foundation and reputation from Greenfield shops |Has not yet fully exploited the role of retailers | |The intimate relationship with retailers |Retailer’s nutritional knowledge is limited | |Positive response from retailers |Lack of long-term strategy | |Closely link with Vietnamese shopping culture |Focus more on sales rather than images | |A preferred POP for shoppers |Not yet established a remarkable and standardized identity | |OPPORTUNITIES |THREATS | |Build a sustainable business relationship with retailers |Development of modern channels. |Utilize retailers to convey DLV image |Government’s open-door policy | |Encourage shoppers to switch brands |Fierce competition | |Reinforce DL shops image and performance |Shoppers and retailers are becoming more sophisticated and less loyal| 1. 1. 6 The Management Team Dutch Lady Milk Industries Berhad [pic] †¢ http://www. dutchlady. com. my/en/home. asp? page=privacysubpage=privacy_policy Retrieved: 23 February 2013 (3. 00pm) 1. 1. 7 The Board of Directors Dutch Lady Milk Industries Berhad [pic ] | |[pic] | |[pic] |[pic] | |[pic] |[pic] | |[pic] |[pic] | | |[pic] | http://www. dutchlady. com. my/en/home. asp? page=privacysubpage=privacy_policy Retrieved: 23 February 2013 (3. 00pm). 1. 1. 8 Brand products [pic] [pic] [pic] [pic] [pic] [pic] [pic] [pic] [pic] [pic] [pic] [pic] http://www. dutchlady. com. my/en/home. asp? age=privacysubpage=privacy_policy Retrieved: 23 February 2013 (3. 00pm) 2. Explanation of the features of management accounting information There is general agreement that, before it can be regarded as useful in satisfying the needs of various user groups, accounting information should satisfy the following criteria: 1. Relevant That definition of relevance is more explicit than the dictionary meaning of relevance as bearing on or relating to the matter in hand. As alluded to earlier, prior knowledge of information may diminish its value but not its relevance and, hence, its usefulness, for it is information’s ability to â€Å"make a difference† that makes it relevant to a decision. To be relevant to investors, creditors, and others for investment, credit, and similar decisions, accounting information must be capable of making a difference in a decision by helping users to form predictions about the outcomes of past, present, and future events or to confirm or correct expectations† Statements about relevance of financial statement information must answer the question â€Å"relevant to whom for what purpose? † For information to be judged relevant, an object to which it is relevant must always be understood: Predictive Value And Feedback Value – To be relevant, information must have predictive value or feedback value or both. Information can make a difference to decisions by improving decision makers’ capacities to predict or by confirming or correcting their earlier expectations. Usually, information does both at once, because knowledge about the outcome of actions already taken will generally improve decision makers’ abilities to predict the results of similar future actions. Without knowledge of the past, the basis for a prediction will usually be lacking. Without an interest in the future, knowledge of the past is sterile. To say that accounting information has predictive value is not to say that in itself it constitutes a prediction. Timeliness – To be relevant, information also must be timely. Timeliness means â€Å"having information available to a decision maker before it loses its capacity to influence decisions†. Information that is not available when it is needed or becomes available only long after it has value for future action is useless. 2. understandable For accounting and financial information to be useful, it must be presentable in a format that the users of accounting information understand. Accounting is a medium of communicating financial information about the affairs of a business. Therefore, accounting information should pass the basic tests or requirements of a normal communication medium. Basics in communication dictate that if the message being transmitted by the sender to the receiver is not understood, then no communication has taken place. Accounting information must be understandable by its target users if meaning is to be gleaned from it. It must also be understandable if accounting information is to be useful in supporting decisions made by users of accounting information. 3. Timely Information which is relevant and reliable and which passes the materiality test may lose its relevance if there is undue delay in it being reported. Thus, the time available to gather and report financial information is a constraint on providing relevant information. There may, on occasion, be a need to weigh the relative merits of timely reporting and the provision of relevant and reliable financial information. Application of the reporting period convention can often lead to the need to report before all aspects of a transaction or event are known. This can limit the availability of relevant information and have an impact upon reliability. Conversely, reporting is delayed until all facts are known this may be too late for users who have to make decisions in the interim. The need for timely reporting raises questions for standard-setters, preparers, auditors and regulators about the desirable frequency of general purpose financial reporting and the length of time that ought to be allowed to elapse between the reporting date and the date when general purpose financial reports are made available to users. 4. Comparable Comparing alternative investment or lending opportunities is an essential part of most, if not all, investment or lending decisions. Investors and creditors need financial reporting information that is comparable, both for single enterprises over time and between enterprises at the same time. Comparability is a quality of the relationship between two or more pieces of information â€Å"the quality of information that enables users to identify similarities in and differences between two sets of economic phenomena† . Comparability is achieved if similar transactions and other events and circumstances are accounted for similarly and different transactions and other events and circumstances are accounted for differently. Comparability has been the subject of much disagreement among accountants. Some have argued that enterprises and their circumstances are so different from one another that comparability between enterprises is an illusory goal, and to include it as an aim of financial reporting is to promise to investors and creditors something that ultimately cannot be delivered. In that view, the best that can be hoped for is that individual enterprises will use their chosen accounting procedures consistently over time to permit comparisons with other enterprises and those honorable auditors will be able to attest to the consistent application of â€Å"generally accepted accounting principles† Today, with the objectives of financial reporting focused on decision making, comparability is one of the most essential and desirable qualities of accounting information. Investors and creditors can no longer be expected to tolerate blanket claims of differences in circumstances to justify undue use of alternative accounting procedures. Only actual differences in transactions and other events and circumstances warrant different accounting. 5. Reliable The accounting information presented in financial statements should be reliable. For example, the accounts should make a faithful representation of the business affairs. Accountants and the business should not attempt to mislead users or to deliberately ignore or omit certain information from the accounts if users are going to make informed decisions. Reliability is the quality of information that permits users to depend on it with confidence. This means it is verifiable, has faithful representation, and is reasonably free of errors and bias. Representational faithfulness refers to correspondence or agreement between a measure or description and the phenomenon that it purports to represent. That means the numbers and descriptions represent what really existed or happened. Verifiability refers to the ability, through consensus among measurers, to ensure that information represents what it purports to represent or that the chosen method of measurement has been used without error or bias. Neutrality means that, in formulating or implementing standards, the primary concern should be the relevance and reliability of the information and the information cannot be selected to favor one set of decision makers over another. 2. 1. 6 Complete Completeness of information is an important aspect of representational faithfulness, and thus of reliability, because if financial statements are to faithfully represent an enterprise’s financial position and changes in financial position, none of the significant financial functions of the enterprise or its relationships can be lost or distorted. Completeness is defined as â€Å"the inclusion in reported information of everything material that is necessary for faithful representation of the relevant phenomena†. Financial statements are incomplete, and therefore not representational faithful, if, for example, an enterprise owns an office structure but reports no â€Å"building† or similar asset on its balance sheet. Although completeness implies showing what is material and feasible, it must always be relative. Financial statements cannot show everything or they would be prohibitively expensive to provide. http://www. google. com. my/search? sourceid=navclientaq=3oq=Management+accounting Retrieved: 23 February 2013 (3. 00pm) 3. Assessment of ‘relevant’ accounting information over the two years. 3. 1. 1 Financing Accounting data is used by your company and potential investors to determine funding needs for the organization. Your company analyzes revenue to determine how much money would be available to fund upcoming projects. If there is a gap in revenue, then you know that you need to seek out funding. Potential investors and lenders look at your assets and liabilities to determine if your company is a safe investment or not. For example: â€Å"For the purposes of these financial statements, parties are considered to be related to the Company if the Company has the ability, directly or indirectly, to control the party or exercise significant influence over the party in making financial and operating decisions, or vice versa, or where the Company and the party are subject to common control or common significant influence. Related parties may be individuals or other entities. Key management personnel are defined as those persons having authority and responsibility for planning, directing and controlling the activities of the Company either directly or indirectly. The key management personnel include all the Directors of the Company, and members of senior management of the Company. † http://www. dutchlady. com. my/sharedfiles/financial/files/DL_AnnualReport_2009 2010. pdf Retrieved: 1 March 2013 (10. 00pm) 3. 1. 2 Budgeting The constant flow of accounting data relevant to income, purchases, investments and overhead is critical in creating the budget for the coming year. The information gathered by the accounting department is used as a baseline to gauge actual performance for the year and understand the basic costs of company operations. Sales projections for the next fiscal year are added to the accounting data to create the company’s budgets. 3. 1. 3 Inventory Maintaining proper inventory levels is important in keeping track of assets and income as inventory gets purchased, stored in the warehouse and then sold to clients. The accounting department keeps a close eye on the cost of incoming inventory, how much it costs to finance that inventory until it is sold and the income realized when the product is sold to a customer. All of that information is relevant to determining how profitable your organization is and where changes can be made to lower the costs of inventory. For example:†Inventories are measured at the lower of cost and net realisable value. The cost of inventories is measured based on the first-in first-out principle and includes expenditure incurred in acquiring the inventories, production or conversion costs and other costs incurred in bringing them to their existing location and condition. In the case of finished goods, cost includes an appropriate share of production overheads based on normal operating capacity. Net realisable value is the estimated selling price in the ordinary course of business, less the estimated costs of completion and the estimated costs necessary to make the sale. † http://www. dutchlady. com. my/sharedfiles/financial/files/DL_AnnualReport_2009 2010. pdf Retrieved: 1 March 2013 (10. 00pm) 3. 1. 4 Growth Company growth is carefully outlined in the organizational business plan. When the company plans its growth, it first looks at historical accounting data to determine trends in revenue production and understand how the company spends money. Accounting information is critical in determining how much the company can take on in liabilities and costs as it tries to make the right decisions on how to expand profitability. For example : â€Å"No contingent liability or other liability of the Company has become enforceable, or is likely to become enforceable within the period of twelve months after the end of the financial year which, in the opinion of the Directors, will or may substantially affect the ability of the Company to meet its obligations as and when they fall due. In the opinion of the Directors, except for the impairment loss on property, plant and equipment of RM12, 308,000 as disclosed in the Note 12 to the financial statements, the financial performance of the Company for the year ended 31 December 2010 have not been substantially affected by any item, transaction or event of a material and unusual nature nor has any such item, transaction or event occurred in the interval between the end of that financial year and the date of this report. † http://www. dutchlady. com. my/sharedfiles/financial/files/DL_AnnualReport_2009 2010. pdf Retrieved: 1 March 2013 (10. 00pm) 4. Assessment of ‘comparable’ accounting information over the two years. 4. 1. 1 Comparable Statement of Financial position at 31 December 2010 Dutch Lady Milk Industries Berhad | Statement Of Financial Position at 31 December 2010 | | | | | | | |31. 12. 2010 |31. 12. 2009 |1. 1. 009 | | |RM’000 |RM’000 |RM’000 | | | |Restated |Restated | | Assets | | | | |Property, plant and equipment |69,803 |82,327 |61,334 | |Intangible assets |3,443 |4,879 |5,664 | | |   |    | | |73,246 |87,206 |66,998 | | | | | | |Total non-current assets | | | | |Inventories |72,722 |57,552 |74,902 | |Trade and other receivables |75,176 |94,369 |122,858 | |Prepayments |689 |131 |20 | |Cash and cash equivalents |85,657 | 4 1 ,732 |23,792 | |Total current assets |234,244 |193,784 |221,572 | |Total assets |307,490 |280,990 |288,570 | | | | | | |EQUITY | | | | |Share capital |64,000 |64,000 |64,000 | |Retained profits |133,472 |115,985 |97,585 | |Total equity |197,472 |179,985 |161 ,585 | | |   |   |   | |Liabilities | | | | |Deferred tax liabilities |3,757 | 4,1 5 0 |2,300 | |Total non-current liabilities |3,757 | 4,1 5 0 |2,300 | | | | | | |Total non-current liabilities | | | | |Trade and other payables |99,638 |91,905 |120,080 | |Provision |348 |283 |247 | |Current tax liabilities |6,275 |4,667 |4,358 | |    |   |   | | |106,261 | 96,855 |124,685 | | |110,018 |101,005 |126,985 | | |307,490 |280,990 |288,570 | 4. 1. 2 Comparable Statement of Comprehensive income for the year ended 31 December Comprehensive income is the change in equity (net assets) of a business enterprise during a period from transactions and other events and circumstances from non-owner sources. The statement of comprehensive income illustrates the financial performance and results of operations of a particular company or entity for a period of time. 2009 and 2010 Dutch Lady Milk Industries Berhad Statement Of Comprehensive income for the year ended 31 December 2010 | | | | | | |2010 |2009 | | |RM’000 |RM’000 | | | | | |Revenue |710,588 |691,847 | |Cost of sales |(447,961) |(462,51) | |GROSS PROFIT |262,627 |229,337 | |Other income |1,147 |1,561 | |Distribution expenses |(106,091) |(98,697) |Administrative Expenses |(22,657) |(19,048) | |Other expenses |(45,805) |(31,122) | | | | | |Result From Operating Activities |89,221 |82 ,031 | |Interest income |883 |451 | |Finance Costs |- |(1) | | |90,104 |82,481 | | | | | |Income Tax expenses |(26,217) |(22,081) | |PROFIT FOR THE YEAR |63,887 |60,400 | |OTHER COMPREHENSIVE INCOME |- |- | |TOTAL COMPREHENSIVE FOR THE YEAR |63,887 |60,400 | |BASIC EARNINGS PER ORDINARY SHARE (SEN) |99. 80 |94. 40 | EARNINGS PER ORDINARY SHARE Basic earnings per ordinary share:- The calculation of basic earnings per ordinary share at 31 December 2010 was based on the profit attributable to ordinary shareholders and a weighted average number of ordinary shares outstanding, calculated as follows: 2009 RM’000 Profit for the year =60,400 Weighted average number of ordinary shares of RM1 each in issue (‘000) = 64,000 Basic earnings per share (sen) = 94. 40 2010 RM’000 Profit for the year =63,887 Weighted average number of ordinary shares of RM1 each in issue (‘000) =64,000 Basic earnings per share (sen) = 99. 80 4. 1. 3 Comparable Statement of Change in equity for the year ended 31 December 2010 Dutch Lady Milk Industries Berhad Statement of Change in equity for the year ended 31 December 2010 | | | |Distributable | | | |Share Capital |Retained |Total equity | | | |Profit | | | |RM’000 |RM’000 |RM’000 | |At 1 January 2009 |64,000 |97,585 |161,585 | |Total comprehensive income for the year | – |60,400 |60,400 | |Dividends to owners of the Company | –   | (42,000) | (42,000) | | | | | | |At 31 December 2009/ 1 January 2010 |64,000 |115,985 |179,985 | |Total comprehensive income for the year |- |63,887 |63,887 | |Dividends to owners of the Company |-   | (46,400) | (46,400) | | |64,000 |133,472 |197,472 | 4. 1. 4 Comparison between cash Flow of Dutch Lady Milk Industries Berhad Net cash provided from operation activities: In 2010, net cash generated from operation activities is RM98, 389,000 but in 2009, net cash generated from operation activities is RM89, 377,000 which indicates net cash provided from operation activities is increased from 2009 to 2010 and it can be good sign. Because the most important category of cash flow is operating activity and it reflects the day to day operation that determine the future of an organisation. Cash flow operating activities should be main source of cash. Net cash used in investing activities: Net cash used in investing has increased from 2009 to 2010. For 2009 ,this amount is RM29,436,000 but for 2010 ,this amount is RM8064,000 which indicates company has gain more long-term asset in 2009. Net cash used in financing activities: For 2010, this amount is RM46, 4000,000 and for 2009 this amount is RM42, 001,000 it indicates that in 2010, company paid more interest and dividend in comparison with 2009. Generally, cash and cash equivalent has increased from 2009 to 2010 by RM43, 925,000. Cash flow of Dutch Lady Milk Berhad is healthy because main source of cash is operation activity and investing activities did not create cash which indicate company did not sell of its long-term assets. Cash and cash equivalents Cash and cash equivalents included in the statement of cash flow comprise the following statement of financial position amounts:- 010 2009 RM ‘000 RM’000 Cash at bank and on hand 46657 23,732 Deposits placed with a licensed bank 39000 18000 |85,657 41,732 | | | 5. SUMMARY A financial statement can be well defined as a formal record of any business’, individual, or entity’s financial activities. All the important information of a business e nterprise is presented in the financial statements as these are easy to understand because of their structured presentation. These statements might, however, get complex for large corporations and might also include a wide-ranging set of notes to financial statements explaining about the financial policies, management discussion, and analysis. The main aim of financial statements is providing info about the financial position, performance, and variations in the financial position of a business enterprise. The financial statements of any business entity should be relevant, understandable, reliable, and comparable. An understandable financial statement helps business entity’s stakeholders to get reasonable knowledge about the business and its economic activities. As far as financial statements are easy to understand, this helps investors to make investment decisions in the company From a management accounting point of view the primary purpose of management is to make decisions that may be classified as marketing, production, and financial. The tactical decisions which must be preceded by strategic decisions provide the historical data from which the accountant prepares financial statements. In addition to being statements summarizing historical transactions, financial statements may be regarded as a descriptive model for decision making. Every item or element on the financial statements is the result of a decision or decisions. For each decision, there exists a management accounting tool that may be used to make a good decision. However, the management accounting tools can be used only if the management accountant is successful in providing the information demanded by the particular tool. 6. REFERENCES OUM Module March 2011, BBFA2203 ( INTERMEDIATE FINANCIAL ACCOUNTING 1 Topic 4) Retrieved: 20 February 2013 (11. 45am) †¢ http://www. dutchlady. com. my/en/home. asp? page=privacysubpage=privacy_policy Retrieved: 23February 2013 (3. 00pm) †¢ http://tutor2u. net/business/accounts/accounting_information_characteri stics. htm Retrieved: 23 February 2013 (3. 00pm) †¢ http://www. readyratios. com/reference/accounting/financial_statement. html Retrieved: 23 February 2013 (3. 00pm) †¢ http://www. bookkeeping-financial-accounting-resources. com/accounting-information. html Retrieved: 25 February 2013 (9. 10pm) †¢ http://www. dutchlady. com. my/sharedfiles/financial/files/DL_AnnualReport_2009. pdf Retrieved: 1 March 2013 (10. 00pm) How to cite Manangement Accounting 1, Essay examples