Three Views on Islamic Finance Essay Example | Topics and Well Written Essays - 500 words

Three Views on Islamic Finance - Essay Example They point out that it is necessary for Islamic fiancà © to avoid riba by ensuring that differed debt payments are similar to the amount of loan. Islamic finance is also perceived by some to essentially be in a transitional state as it is somewhat in disunity with Shari’ah laws and as such, there are still a number of amendments that need to be made before it can finally be considered as being a primary financial mainstream. In my opinion, I support the first postulation that points out that it has been necessary for Islamic finance to replicate some of the conventional structures (El-Gamal, 2006). This is because failure to adopt such structures will essentially result in their returning minimal profit margins. On the current trajectory pointing out that Islamic finance is currently flying high albeit on what can be considered to be borrowed wings, I am of the opinion that this statement is essentially true. The popularity of Islamic finance has seen it quickly become quite popular in Islamic countries. However, the minimal profit margins that Islamic banks stand to make due to Shari’ah policies that cause them not to maximize on interest charges means that these banks are largely expensive, and not able to effectively compete with the more conventional banks which are well established not only in Islamic countries but also in the non-Islamic countries (Henry & Wilson, 2004). Speed should never be perceived to be a virtue in the event that it is determined that Islamic banking is going in the wrong direction. This is because it will be prone to make more errors whose eventual consequences might either cripple or completely destroy its structure.

Innovation in Food Technology

Innovation in Food Technology Nowadays the there various kind of issues that arroused in our country, Malaysia and most probably the issues strongly related to the food industry. For my essay, i will focus on the issue of innovation in food technology by the used of biotechnology. In order to produce healthy food formulation at the same time nutritious food, various  traditional food technologies have been advanced and new technologies developed efficeintly. Recently, there is an important aspect of innovation in food technology in order to translate nutrition information into a product. (Deliza, Rosenthal Silva, 2003). The issue of innovation in food technology very aspire me to develop more on it because I have found one article from the The Star online newspaper which regarding the improving on food quality. Accoding to that article the University of Nottingham Malaysia Campus is developing new technologies aimed at ensuring the food that we grow is nutritious and safe for consumption. In fact, the Centre of Excellent for Post-Harvest Biotechnology (CEPB) led by Dr Asgar Ali who is expert in post-harvest biology and technology said that. the purpose of the centre is creating new technologies that could decreasing food looses, increasing overall quality and safety of the food. The major reason is to increase the profit to marketers and growers and the make availability of the quality and nutritious food to consumers. Biotechnology uses biological systems, living organisms, or components of organisms to make or modify products or processes for specific uses. For centuries farmers have improved crop plants by traditional breeding techniques, but since thousands of genes are mixed every time two plants are crossed, the outcome of the cross-breeding is random and difficult to control because unwanted characteristics are passed on to the new crop along with the desired ones. Therefore, this traditional cross-breeding can take place only between closely-related species. Modern crop breeders, however, can select a specific genetic trait from any plant, or even from an animal source, and transfer it into the genetic code of another plant through modern biotechnology. In addition, Some people feel that the effects of Genetically Modified (GM) crops on human health are not yet adequately understood. There are concerns about the use of viral DNA during the modification process, and some question whether there would be new health risks if genes introduced in a GM crop were to be taken up by the human body. The safety of GM crops is often assessed by comparison with the closest conventional counterpart. All in all, the main issue regarding biotechnology in food production is whether genetically modified technologies is safe to consume and it is still to be resolved even after the enactment of the Biosafety Act 2007 (Phuoc, 2012) This issue give the big impact on the social, economic and political factors. In a modern society, people desire both good health and endurance and hence demand nutritious and functional food that promotes their wellbeing, enjoyment, and active lifestyle. Today, there are widely used of biotechnology in food production and we as a consumer does not know whether the food that we consume is safe to consume or not. Basically, biotechnology can contribute to future food security if it benefits sustainable small-farm agriculture in developing countries. Significant deviation exists in everyones opinions about biotechnology. Although there is wide support in health benefits for plant biotechnology, but still have differ views on the issue of animal genetics for economic gains. While some are conflicting to it, many are unsolve about genetically modified foods. There are concerns that the application of GM crops might direct to a reduction in biodiversity (the variety of plants and animals in the wild), Mainly in areas where the crop is originated and a broad range of natural genetic diversification is found. There might also be unexpected consequences of gene transfer (or gene flow) between plants, for example an irretrievable or uncontrollable escape of genes into neighbouring wild plants by pollen. The concern arise regarding that pests or weeds could acquire resistance to crops (Anonymous 2, 2003). The other effect to the social is regarding the human health towards this issue. Allergenicity, many children in the United State and Europe have suffurred from life-threatening allergies to peanuts and other foods. There is a high possibility that introducing a gene into a plant may create a new  allergen  or cause an allergic reaction in susceptible individuals. Therefore, a proposal to integrate a gene from Brazil nuts into soybeans was deserted in order to avoid unexpected allergic reactions. There is a growing concern that introducing foreign genes into food plants may have an unexpected and negative impact on human health. A recent article published in Lancet examined the effects of GM potatoes on the digestive tract in rats.. There were significant differences in the intestines of rats fed GM potatoes and rats fed normal potatoes Yet critics say that this paper, like the monarch butterfly data, is flawed and does not hold up to scientific analysis. Moreover, the gene inserted into the potatoes known as snowdrop flower lectin and this substances can cause toxic to mammals. Biotechnology may offer a way out of this dependence on unsustainable agriculture by eventually producing crop plants that enable agriculture to sustain yields but minimize environmental impacts. But the perception in Europe is that some of the present generation of genetically modified (GM) crops, especially those developed for the US agricultural situation, which are herbicide- tolerant and insect-resistant, may present yet further risks to biodiversity in our present intensive agricultural system. Instead of influencing social, the biotechnology in food also will affect the economic as well by bringing a GM food to market is a lengthy and costly process, and of course agri-biotech companies wish to ensure a profitable return on their investment. Many new plant genetic engineering technologies and GM plants have been patented, and patent infringement is a big concern of agribusiness (Whitman, 2000) . Yet consumer advocates are worried that patenting these new plant varieties will raise the price of seeds so high that small farmers and third world countries will not be able to afford seeds for GM crops, thus widening the gap between the wealthy and the poor. It is hoped that in a humanitarian gesture, more companies and non-profits will follow the lead of the Rockefeller Foundation and offer their products at reduced cost to impoverished nations. Patent enforcement may also be difficult, as the contention of the farmers that they involuntarily grew Monsanto-engineered strains when their crops were cross-pollinated shows. One way to combat possible patent infringement is to introduce a suicide gene into GM plants. These plants would be viable for only one growing season and would produce sterile seeds that do not germinate. Farmers would need to buy a fresh supply of seeds each year. However, this would be financially disastrous for farmers in third world countries who cannot afford to buy seed each year and traditionally set aside a portion of their harvest to plant in the next growing season. In an open letter to the public, Monsanto has pledged to abandon all research using this suicide gene technology (Whitman, 2000). The last implication regarding political factors. To date, there is no evidence that any harm has come to anyone of the millions of people around the world in the last decade who have eaten foods derived from biotechnology. Regulatory authorities in the region closely monitor the safety of all foods including foods produced through biotechnology. The Food and Agriculture Organization and the World Health Organization have established procedures to determine the safety of biotechnology products and these procedures are met or exceeded by regulatory systems around the world. Countries such as the United States, Japan, Canada, Australia, Argentina, Korea, Russia, Poland, Hungary, Romania and the European. Union have all used their regulatory process to determine the food safety of at least one product of biotechnology. Developments in food biotechnology have had numerous impacts on how food is produced, packaged, tested and preserved as whole it give big impact to the food industry. Many of the changes have meant undisputable improvements to our safety and health, while others are more controversial. For example, by using the biotechnology in food processing in where plastic wraps that  prevent food from spoiling  inhibit the growth of bacteria, and some are even edible. Natural antibiotic substances derived from sources such as cloves, oregano, thyme and paprika have been combined with controlled-release biodegradable polymers (smart polymers) to create plastics that can prevent biofilm formation resulting high quality of food products in the market. In the area of food manufacturing, the use of biotechnology falls into four main categories, namely: 1) foods consisting of or containing viable organisms; 2) foods obtained from or containing ingredients obtained from GMOs; 3) foods containing single ingredients or additives produced by genetically modified microorganisms (GMMs); and 4) foods containing ingredients processed by enzymes produced by GMMs (Hsieh and Ofori, 2007). The food industry plays a vital role in shaping consumers attitudes and appetite for new food items. This is particularly true for the products developed with biotechnology. Opponents have waged an aggressive campaign to pressure the industry into publicly rejecting biotechnology. In such cases, companies have been forced to take steps against their own beliefs and long- term interests (Thomas, 2000). Their main concerns involve lack of consumer acceptance not the safety of the foods. They express high levels of confidence in the science and the regulatory process. In fact, almost none feel that biotechnology should not be used because of uncertain, potential risks. Most food industry leaders do not feel it is necessary to have special labels on foods developed through biotechnology. They express concerns that such labels would be perceived as a warning by consumers. They also worried that the need to segregate commodities would pose financial and logistical burdens on everyone in the system including consumers. Food industry leaders recognize a major need to educate the public about biotechnology. They look to third parties, such as university and government scientists to provide such leadership. Many solutions that could be done to make sure that the isssue regarding biotechnology in food can be overcome. From my point of view, one of the best way is extensive testing of GM foods may be required to avoid the possibility of harm to consumers with food allergies. Plus, labeling of GM foods and food products will acquire new importance. According to Whitman (2000) , Labeling of GM foods and food products is also a contentious issue. On the whole, agribusiness industries believe that labeling should be voluntary and influenced by the demands of the free market. If consumers show preference for labeled foods over nonlabeled foods, then industry will have the incentive to regulate itself or risk alienating the customer. Consumer interest groups, on the other hand, are demanding mandatory labeling. People have the right to know what they are eating, argue the interest groups, and historically industry has proven itself to be unreliable at self-compliance with existing safety regula tions. preventing outcrossing by engineering pollen incompatibility and other mechanisms into crops. This could significantly reduce the risk of spread of GM traits into native species. On the other hand, achieving insect resistance by altering physical characteristics of plants, perhaps by increasing hairiness or thickening the plant cuticle. This could reduce insecticide use, without using in-plant toxins. Securing fungal resistance in adult plants by switching on resistance genes that are active in the seed, but not currently in adult plants.This seems to be an elegant and safe use of biotechnology which could lead to significant reductions in fungicide use. Research shows that consumers will accept biotech foods if they see a benefit to themselves or society and if the price is right. Their responses to foods developed through biotechnology are basically the same as for any other food: taste, nutrition, price, safety and convenience are the major factors that influence our decisions about which foods to eat. How seeds and food ingredients are developed will only be relevant for a relatively small group of concerned, consumers. The food industry needs to focus on what it does best: namely producing and distributing value added foods that consumers want. Given that we have only one planet, more people to feed and fewer resources available what shall we do? A smart way would be to use the tools we have at our disposal to better adapt to future changes and invest in those innovative solutions. We have the technology. We have the infrastructure. The rules and regulations are already in place. Must we have a crisis before we act in Europe?

Would You Buy a Car That Looked Like This Essay -- Article Review, And

Andrew Simms, a policy director and head of the Climate Change Program for the New Economics Foundation in England, presents his argument about the impact SUV’s have on our roadways, and the air we breathe. â€Å"Would You Buy a Car That Looked like This? â€Å". The title alone gives great insight on what the article is going to be about, (vehicles). â€Å"They clog the streets and litter the pages of weekend colour *supplements. Sport utility vehicles or SUV’s have become badges of middle class aspiration† (Simms 542). Simms opening statement not only gives his opinion on how SUV’s are the new trend, but he also paints a picture of what we see every day driving down our roadways. Simms also compares the tobacco industry’s gap between image and reality to that of SUV’s; stating that the cause and consequences of climate change resemble smoking and cancer. Simms comparison between SUV’s and cigarettes shows how dangerous he believes SUV’s are. Simms believes that the SUV’s we’ve grown to love are dangerous and polluting. Simms describes just how damaging he believes SUV’s to be with a quote, set to become, â€Å"one of the world’s most common causes of death and disability-ahead of TB, HIV, and war† (qtd. in Simms 542). This is a very strong statement; so strong that it causes the reader to question the source. It also promotes an emotional appeal to the reader. Death, war, and HIV are very serious issues; comparing them to SUV’s causes a need for attention. Next Simms addresses how the Global warming conference in two weeks causes urgency for some new thinking on SUV’s. This statement shows Simms concerns about Global warming and the effects from SUV’s. It also shows his need to inform. Then Simms introduces his solution, â€Å"So shouldn’t SUV’s now ... ...countries Simms assumes readers will feel that it’s time for America to acknowledge the SUV Problem too; and also take action. Finally Simms concludes his argument with his labeling solution. Simms proposes setting a threshold guideline; which could be set to trigger the labeling when the efficiency drops below a certain threshold. â€Å"Like those for cigarettes, the warnings could cover 30-50 percent of the vehicles surface area† (Simms 544). Simms also states that this method won’t stop SUV’s from being driven, but would force them to except the consequences of their actions, and help the education drive on global warming and traffic safety .In other words it would help the industry move out of denial. Simms statement shows that he has a realistic view on his solution. Also his conclusion reinforced his idea, promoted thought and gave readers a visual.

The contribution of infrastructure to Nigeria’s economic development and future prospects

Introduction There is general consensus that there is a positive relationship between development in the financial sector and economic growth providing the means to mobilize and to allocate funds in the economy (Masha et al., 2004; Shaw, 1973). However, financial development is also shown to be inadequate to cause economic development often being considered to be a passive handmaiden serving to enhance the output and contribution of the real sector (production) (Firzli and Bazi, 2011; Olaseni and Alade, 2012). There is therefore need for enhanced focus on the growth of the real sector, which in most cases is private sector driven and includes economic activities of a country’s citizenry. Herein lay the import of infrastructure development and the need for its aligned pursuit with financial sector development for enhanced national economic development. This research assesses the potential for utilizing infrastructure investment to enhance economic development in Nigeria, seeking to show nee d for enhanced focus on infrastructure investments to achieve the country’s desired economic growth and a positive future prospects. Aim of research This research proposes that there is significant potential for utilization of infrastructure investment to achieve enhance economic development of Nigeria. Through the assessment of this potential and analysis of government efforts towards managing infrastructure inadequacies, this research endeavours to answer the question: What is the potential for utilizing infrastructure investment to enhance economic development in NigeriaIt seeks to show that infrastructure investments are justifiable in the quest for economic growth and robust future economic development prospects for Nigeria. Research Objectives With regard to its overarching theme, this research aims to achieve the following objectives: To assess the correlation between infrastructure development and economic growth To assess infrastructure inadequacies in Nigeria impeding the country’s economic growth and what measures are being taken to address them. To evaluate impact of infrastructure development past and present on Nigeria’s future prospects and economic outlook. Structure of proposal Following is a review of literature which lays the foundation for the subject under study. It is followed by the research Methodology outlining techniques and approaches employed in the conduct of study. Literature review There is general consensus that there is a positive relationship between development in the financial sector and economic growth. While acknowledging that financial institutions provide the means to mobilize and allocate funds in the economy hence enhancing development, Schumpeter, in his 1934 work, did not perceive financial sector development as being the cause of economic development. Later in 1954, Robinson supports this view arguing that the financial sector is a handmaiden of economic development, which is passive and responds to needs in the real sector (which encompasses economic production including manufacturing) and therefore growth in the real economy (Masha et al, 2004). However, McKinnon (1973) and Shaw (1973) argue that the financial sector can be more than a passive handmaiden and a major driver of economic growth if it is relieved of its restraints. With repression, they argue that the financial sector responds passively to the needs in the real-sector and can only d rive economic development if liberalized. It is settled for most research work that there is a definite link, between growth in the financial sector and in the real sector (economic production). In an article in 2005, Asagowa identified close to ten indices of growth and deepening of the financial sector. These include rate of growth of all-encompassing money relative to GDP (diversification of the economy), interest rates spread, and ratio of financial assets to GDP, among others (Babatunde, et al, 2012). Infrastructure is a significant contributor to growth in sectors of the economy such as manufacturing and other forms of production easing and facilitating essential constituent processes. Financial sector reforms and economic development Up until the fourth quarter of 1986, Nigeria pursued a government-led economic development paradigm guided by National Development Plans. The government dominated all sectors of the economy including agriculture, commerce, services (especially transportation), and industry, among others, with the private sector playing a passive role. Since its independence in 1960 and subsequent discovery and exploitation of oil through the 1970s, the government had sufficient resources to finance these development plans to a reasonable proportion (World Bank, 2010). However, poor fiscal discipline consequent to the revenue windfalls deriving from oil saddled the nation with a significant external debt burden. The disregard of other sectors of the economy led to a fall in international trade, and as well resulted in high unemployment rates and slow growth of output. These led the government to rethink its underlying philosophy of development resulting in a shift in paradigm to a private sector-led p aradigm. With this shift came relief of stringent regulations governing every sector which were put up to enhance government control but which impeded the enhancement of performance and growth (Akinyosoye, 2010). In 1984, therefore, a programme was fashioned called the Structural Adjustment Programme (SAP) which attempted to move the country away from direct government control of economic activities to indirect control such as through market forces. This involved widespread deregulation of trade, exchange, finance, among others. However, in spite of the increase in the number of financial institutions and greater variety of financial instruments and freedoms, the real economy showed no marked improvement with all macroeconomic indicators declining three years into the new millennium (World Bank, 2013). The country suffered debilitating external debt, high inflation (highest at 72.8% in 1995) (FMW, 2012: NNBS, 2013), high level of fiscal debt, underemployment and low capacity utiliza tion in industry and agriculture. There was general distress also in the financial sector with high levels of insolvency and non-performing loans (Firzli and Bazi, 2011). Financial reforms have not been entirely successful translating into economic growth to desired levels. In this regard, there is need for aligned pursuit of growth in the financial sector with that in the real sector, which is facilitated by infrastructure development. Herein lay the import of infrastructure development. Infrastructure and economic development Infrastructure is herein defined to include the sectors of transport, water and sanitation, telecommunications, power, among others. In all countries across the globe, this aspect represents a large portfolio of expenditure, ranging from a third to a half of public investment (Akinyosoye, 2010). Given the intense capital requirement and the length of time it takes for benefits to manifest, there has been concern and debate among economic policy makers, politicians and the general public regarding the performance of infrastructure and its impact on economic development (Patunola-Ajayi, 2013). However, AEO (2013) and WEF (2010) among others present a widespread agreement that the inadequacy of physical infrastructure in a country is among major constraints impeding sustained and broad-based economic development. There are various correlations between infrastructure and economic activity. In the short term, the construction phase is associated with attendant decision in the public secto r that could have an influence on macroeconomic variables such as GDP, employment, public deficit, inflation, among others. The public investment thus expands aggregate demand, yielding a boost to employment, production and income (Patunola-Ajayi, 2013). In the medium and long term (the utilization phase), there are macroeconomic effects such as increases in productivity over the territory and in the private sector, as well as its effect on the degree of competitiveness of an economy (ADB, 2012; Foster and Briceno-Garmendia, 2010). Additionally, various benefits derive from infrastructure development. The availability of infrastructure influences the marginal productivity of private capital with investment of public capital in infrastructure in a particular location often attracting additional flow of resources (Akinyosoye, 2010; ADB, 2012). Infrastructure services such as transportation, electricity, and water are also intermediate inputs to production. Public capital invested in i nfrastructure therefore complements private capital and serves to enhance economic development (ADB, 2012; World Bank, 2010). Services thereby generated as a result of sufficiency of infrastructure translate into increased aggregate output. At the microeconomic level, the effect of infrastructure is specifically seen through the reduction in the cost of production derived from its impact on profitability, output levels, employment and incomes (Myers, 2007). This is particularly the case for small and medium scale enterprises. Extensive and efficient infrastructure is critical in ensuring effective functioning of the economy and is an important factor in the determination of the location of economic activity and the kind of sectors and/or economic activities that can develop in a particular economy (Patunola-Ajayi, 2013). There is also the intermediate input for economic development which encompasses higher productivity obtained from improved human capacity development. This can be a ttained through improvements in healthcare, nutrition, education, better roads and transportation, and access to electricity to households as well as telecommunication services which enable the creative engagement of citizens and access to core economic activities (Wilhelm, 2010; Akinyosoye, 2010). On a global scale, and regarding international trade (trade logistics), there is also an impact on the cost and quality of service which determine competitiveness in export and import markets. Infrastructure reduces the effect of distance between regions, enables the integration of national markets, and creates connections at lower cost to markets in other regions or countries (WEF, 2010; ADB, 2012; KPMG, 2012). A remarkable positive effect of infrastructure development has been adduced by models such as the Cobb-Douglas which yield a median value of 0.30. This means that public investment equivalent to 100% of the public capital stock would lead to a 300% growth of private production (Ba batunde, et al, 2012). Investment in infrastructure is therefore among the important mechanisms through which to increase income, employment, productivity, and consequently, the competitiveness of the economy. Infrastructure development in Nigeria Nigeria’s economic growth is largely driven by the capital-intensive oil sector which continues to drive the economy. The average growth of this sector was about 8% comparable to -0.35% for the non-oil sectors (NNBS, 2013). Given its limited job creation capacity, focus on this sector has not translated into sufficient jobs resulting in poverty and disenfranchisement of the greater population and, therefore, the country’s low rank in the Human Development Index (HDI) (NNBS, 2013; The Guardian, 2012). In this regard, King, 2003; FMW, 2012 and AEO, 2013; show that economic growth has not translated into sufficient job creation and/or poverty alleviation with unemployment increasing from 21% in 2010 to 24% in 2011 (King, 2003; NNBS, 2013). The country’s outlook for growth remains positive, though, with an annual economic growth rate of about 8% (KPMG, 2011; NNBS, 2013), and an anticipated GDP growth rate of about 12% in the next five years (NNBS, 2013; AEO, 2013). T his outlook pegs its vision 20:2020’s aspiration to achieve a GDP of $900 billion (FMW, 2012; NNBS, 2013) predicated on improved sectoral performance, the propulsion of a better business environment, and supportive government policies focused on stability in the macroeconomic environment and increased investment. This is however challenged by short and medium term downside risks which include security challenges due to religious conflict in some of its states, slowed global economic growth in major economies of the world and the crisis of the Eurozone (Olaseni and Alade, 2012). There is therefore a great need to diversify the Nigerian economy making it broad-based (both socially and geographically) and to expand the sources of growth. The development of agriculture, manufacturing and services could enable the broadening of growth, creation of employment and reduction of poverty (AEO, 2013). The country is therefore addressing the infrastructure deficit in the country to creat e linkages and to enable such diversification which would enable inclusive growth (FMW, 2012). Infrastructure made a one percentage point net contribution to the country’s improved per capita growth performance in recent years (NNBS, 2013), notably held back by unreliable power supply (Olaseni and Alade, 2012). In spite of the obvious importance of infrastructure to the nation, governments both at the national and local levels have continued to pay lip service to the provision of infrastructure (Financial News, 2014). As a consequence, the country’s growth prospect is undermined. The following section offers a glimpse at some of the country’s major infrastructure inadequacies. Inadequacies in infrastructure developmentUrban housingLack of proper planning and management of rapid urbanization has led to uncontrolled growth in major cities and towns to accommodate an informal economy which stands at 60-70%. This has had a negative impact on the landscapes of urban centres, leading to decay of inner cities, growth of shanty towns especially in peri-urban areas, consequently limiting their contribution to the national economy being inimical to security and good governance (UN Habitat, 2010).TransportThroughout the country, roads are neglected, particularly those connecting major cities, the sea port and commercial centres to the hinterland which are bad and deteriorating. Efforts at repair are often in vain due to the use of substandard materials. Though having the potential to provide a cheaper means of transport, the existing rail network is old and dilapidated, having served half a century after being built by the British colonial government (ADB, 2012). Att empts to procure new coaches or to create new routes have not succeeded. This has fostered the development of a disorganized and unregulated private sector freight and passenger road transport system, which has resulted in traffic congestion in cities, increase in motor accidents, and environmental pollution (UN Habitat, 2010). Given Nigeria’s endowment of waterways and long stretches of coast with potential for transportation, this option, which could ease congestion on roads and aid easier movements, is neglected and the water ways are left undeveloped. There are only a few canoe and ferry routes which are ill-equipped having no good jetties, harbours, safer boats or ferries. The recently refurbished mini-port at Ikorodu, Lagos State provides relief to commuters going through the Ikorodu-Lagos-Lekki road where they now only cross by ferry to Ajah (Akinyosoye, 2010). This is evidence of potential and should be replicated across the country. Transportation of heavy cargo thro ugh waterways can save pressure on roads. There have been recent attempts to improve/ renovate airports which have for a long time remained in deplorable condition, and to address the challenge of adequate capacity. Travelling by air is still expensive in Nigeria compared to international standards with charter options such as helicopter, cargo and passenger planes largely untapped. Air transport has the exceptional advantage in terms of speed, time of travel and distance considerations. It is also of high value in relation to weight and is preferred when accessibility is a challenge (Akinyosoye, 2010).Electricity supplyThough it forms a significant avenue for economic empowerment of the people and country as a whole, the power crisis in Nigeria persists. Irregular supply impedes production and manufacturing and consequently some entities have had to relocate leading to loss of employment opportunities (UN Habitat, 2010). The country currently generates 4000MW which is inadequate co mpared to South Africa’s 34000MW (Olaseni and Alade, 2012). There are however efforts and resources being planned in the medium term towards enhancement of power supply but quite a lot needs to be done given the importance of power in economic development and well-being of citizens who make use of generators for their power requirements (Olaseni and Alade, 2012).Water supply infrastructurePopulation pressure has strained water supply capacity with damaged supply pipes, deteriorating water treatment infrastructure and erratic power supply challenging the supply of safe water to the population. To many, the main sources of water are boreholes, wells, springs, flowing rivers, and brooks whose safety for human consumption is not guaranteed. Poor sanitation and consequent diseases impacts overall health and well-being of citizens and their productivity (UN Habitat, 2010).CommunicationThe emergence of cellular phones has revolutionized the public and private business environment, b ridging communication gaps that hitherto existed. There has subsequently been a reduction in unproductive business trips and an enhancement of transactions. High prices of service and poor reception, inadequate capacity and coverage however need to be addressed for this aspect to facilitate expected economic growth (Financial News, 2014). There is obviously greater need for the Nigerian government and constituent states to develop adequate and effective infrastructure. This requires a more strategic approach to tackle its dearth which has been deemed to constrain the required economic development. There needs to be robust strategic planning, strong political will, as well as the right procurement approach to achieve long term success (Akinyosoye, 2010; AEO, 2013). According to World Bank (2013) estimates, Nigeria’s vision and aspiration to attain middle income status by 2020 requires sustained investment in infrastructure of about $14.2 billion over the next decade which is a bout 12% of its GDP. The current investment is $5.9 billion (5% of GDP) (NNBS, 2013) falls short. Expenditure on food imports is a significant at $90 billion a year (NNBS, 2013; World Bank, 2013) and is unnecessary given Nigeria’s potential in agriculture, taking up resources that could finance infrastructure development (World Bank, 2013). Reducing this bill requires investment in enabling infrastructure such as rural energy, transport systems, telecommunication and irrigation systems. However, much of Nigeria’s impetus for rural development will derive from investments at the level of the State though such infrastructure run by the State and government is prone to low maintenance and support, hindering efficiency and effectiveness (Olaseni and Alade, 2012). Current development of public infrastructure is occurring in tandem with a huge expansion of private sector developments, particularly in the property market (ADB, 2012). Continued urbanization and an emerging mid dle class, as well as a shortfall in quality office space for investor companies are key drivers for this wave of real estate development (KPMG, 2011; FMW, 2012). The success of ambitious infrastructure developments is likely to increase investors’ appetite to expand their operations and capture the anticipated growth, portends significant potential for economic growth (AEO, 2013). MethodologyResearch PhilosophyThis study employs a pragmatic philosophy which embraces both positivism in its opening up and confirming valid causal relationships which can therefore be used for prediction; and subjectivism which appreciates the difference between humans as social actors, with varied views of reality, values and knowledge (Creswell, 2002). Focus in this regard is on observable phenomena and their subjective meanings driving applied research integrating different perspectives to help in the interpretation of data.Study Technique and StrategyGiven the contextual nature of the study and its focus being an attempt to gauge the impact of infrastructure development on Nigeria’s economy, a qualitative inductive approach is deemed to be a suitable approach enabling a detailed exploration of the subject (Quirke, B., 2008). The inductive approach is useful in condensing varied and extensive data into a brief and summarized format while establishing links between researc h objectives and findings obtained (Saunders et al., 2000). This technique involves the exploration of published literature on the subject including government reports, working papers, as well as journals and other relevant literature. This research also employs a quantitative technique in the conduct of interviews in a social survey to targeted experts in Nigeria’s development ministry as well as government leaders in sample states. This would enable the acquisition of information on actual infrastructure investment and development, cross-checked to the particular region by local officials towards the realization of study objectives. This would also enable the acquisition of opinions and information on the actual contribution of infrastructure to increased economic activity in the various regions, and/or the enhancement of life which is a precursor to increased productivity.Practical ImplementationThe targeted experts chosen for the survey include random sample of 20 officia ls in the national Federal Government in charge of oversight of infrastructure development in the country’s 36 Federal States and the administrative areas of the Federal Capital territory and urban councils. This will enable the attainment of a comprehensive view of projects and prospects given that they comprise the control centre for the entire nation, and arebetter placed to notice and to identify increases in economic activity reflected in increase in revenues to Local government areas and urban councils, and tax revenues to the nation state. This survey will take the form of a structured interview administered by the researcher, a method which ensures consistency of results obtained and answers that can reliably be aggregated. Its format is as appears in Appendix: A comprising both closed- and open-ended questions which afford the research the capability to compare and/or contrast interviewee responses in order to answer the research question (Creswell, 2002).Analysis ap proachData obtained from interviews will be analysed using SPSS which enables the production of graphs which would enable the study to show correlations between infrastructure development and increase in economic activity (growth in the real sector) which enables evaluation of its actual or potential impact. A wide and extensive exploration of literature, as well as congruence on the ground as assessed by target experts enhances reliability and validity of data obtained (Creswell, 2002). The choice of a representative sample from across the entire country enhances the study’s generalizability and thereofore its capacity to make comprehensive deductions on the subject (Creswell, 2002; Saunders et al., 2000). Findings showing an increase in economic activities in areas recently served by new or improved infrastructure; entry of medium and large scale investors to locations supported by actual or prospective infrastructure investments; as well as increases in local and federal g overnment revenues signify the contribution of infrastructure investments in increased economic activity engaging the population in the regions and overall expansion in the real sector. These are expected to translate to economic growth and positive future prospects for economic development.Limitations of studyAssessment of the impact and actual correlation of infrastructure development on economic growth might be a challenge given the length of time with which the utilization of infrastructure translates into tangible economic activity and causes observable effect on the country’s economy. Economic growth of a country depends on the interplay of several factors including financial deepening, investor confidence, the encouragement of various economic activities, among other socio-cultural and policy factors. The isolation of the contribution of infrastructure development is therefore a challenge and might affect the outcome of this research.Ethical ConsiderationsIt is imperat ive in research to ensure that the survey approach and activities do not portend psychological or social harm to interviewees. An initial important and significant step is in ensuring that the researcher seeks informed consent from the particular interviewees and as well from their superiors in departments or other actors whose areas of duty and responsibility may be touched by the inquiry. This would ensure that there are no breaches in confidentiality, and also ensures that interviewees are not put in tight spots and forced to discuss sensitive areas and information which may be of psychological harm. The researcher should also be keen to note potential language barriers and cultural practices such as cultural gender power disparities that may impede the smooth progress of the interview and which may also negatively impact the interviewees making them feel incompetent or hindered in their participation. In such cases, the researcher should seek support of interpreters and agreeabl e individuals to help out in the conduct of the interview enhancing comfort and therefore output. Alongside the above considerations, it is also worthwhile to ensure that time set aside for interviews and other activities such as prior meetings is properly consented to both by management or superiors in the relevant departments in which the interviewers are, as well as by the interviewees themselves. This would ensure that the interviews and related activities do not infringe on official or personal schedules, as well as personal, cultural or religious preferences or obligations. The interviewee should also be informed of their right to answer a particular question or to terminate the interview altogether. The researcher in this study therefore in the foregoing will endeavour to obtain proper consent for study survey; respect privacy and goodwill of participants by not asking hypersensitive or confidential information; respect cultural norms and individual preferences of interviewee s; ensure the confidentiality of data collected protecting it from access by third parties, and, to honestly and accurately report information obtained from the survey, avoiding the identification of interviewees if they wish that their identity be waived. Conclusion Reform in Nigeria’s financial sector is inadequate for economic development if the economy is not diversified and if citizens are not engaged in worthwhile economic activity. For the government to achieve this shift there needs to be a focus on infrastructure development, which would encourage private investments, enhance well-being of citizens, reduce existing constraints, and overall increase in economic activity which contribute to economic growth. Further research is required to clearly show correlations between investment in infrastructure and economic growth and future economic prospects. This would enable its effects to be isolated from among other factors such as financial deepening which are also essential for economic growth and development. References African Development Bank, 2012. An Infrastructure Action Plan for Nigeria: Closing the Infrastructure Gap and Accelerating Economic Transformation. ADB Group report Africa Economic Outlook, 2013. Nigeria Economic Outlook. AEO Report Akinyosoye, M., 2010. Infrastructure Development in Nigeria: Roadmap to Sustainable Development. Working Paper Babatunde, O., S., Afees, and O., Olasunkanmi, 2012. â€Å"Infrastructure and economic growth in Nigeria: A multivariate Approach.† In: Journal of Business Management and Accounting Vol. 1(3), pp. 030-039, October 2012 Business Newspaper, 2011. PPP as a tool for Infrastructure Development in Nigeria. 20th October; by Dominic Obuzuwa Creswell, J., 2002. Educational research: Planning, conducting, and evaluating quantitative and qualitative research. Upper Saddle River, NJ: Pearson Education. Federal Ministry of Works, 2012. Road infrastructure and related development in Nigeria: Compendium report. Viewed from: www.works.gov.ng Financial New s, 2014. Nigeria takes step to develop Infrastructure. Article by Sarah Krouse Firzli, M., and V., Bazi, 2011. â€Å"Infrastructure Investments in an Age of Austerity: The Pension and Sovereign Funds Perspective.† In: Revue Analyse Financiere, volume 41, pp. 34-37. Foster, V., and C., Briceno-Garmendia, 2010. Africa’s Infrastructure: A time for Transformation. Washington, D.C.: The World Bank. King, D., 2003. USAID/Nigeria Economic Growth Activities Assessment. Arlington VA: IBM Business Consulting Services KPMG, 2011. Trends in Global Real Estate: Global Issues and Insights. Viewed from: http://www.kpmg.com/Global/IssuesAndInsights/ArticlesAndPublications/Pages/Trends-global real estate.aspx Masha, et al, 2004. â€Å"Theoretical Issues in Financial Intermediating Financial Markets, Macro-economic Management and Monetary Policy.† In: Financial Markets in Nigeria, CBN, Abuja. McKinnon, R., 1973. Money and Capital in Economic Development. Washington, D.C.: The Bro okings Institution Myers, D., 2007. Construction Economics. Wiltshire, Great Britain: Cromwell Press Nigerian National Bureau of Statistics, 2013. Viewed from: http://www.nigerianstat.gov.ng/ Olaseni, M., and W., Alade, 2012. â€Å"Vision 20:2020 and the Challenges of Infrastructure Development in Nigeria.† In: Journal of Sustainable Development Vol.5, No 2(2012) Patunola-Ajayi, B., 2013. Infrastructure Development and Economic Empowerment in Nigeria. The Nigeria Institution of Estate Surveyors and Valuers. NIESV Quirke, B., 2008. Making the connections: Using qualitative research to make research work, 2nd ed., Hampshire: Gower Publishing Ltd. Saunders, M., P., Lewis, and A., Thornhill, 2000. Research Methods for Business Students, 2nd edition, London: Pitman Publishing Shaw, E., 1973. Financial Deepening In Economic Development. New York. Oxford University press The Guardian, 2012. Roads and Rail in Nigeria could be at the centre of Job creation. January 24 UN Habitat, 2010 . Nigeria: Country Programme Document (2008-2009). United Nations Human Settlements Programme Wilhelm, T., 2010. EDC Nigeria Economics [online]. Viewed from: http://www.edc.ca/english/docs/gnigeria_e.pdf World Bank, 2010. Infrastructure at the crossroads: lessons from 20 years of World Bank experience. Washington DC: The International Bank for Reconstruction and Development / the World Bank World Bank, 2013. The World Bank Economic Report for Nigeria. WB World Economic Forum, 2010. The Global Competitiveness Report 2010–2011. Geneva: World Economic Forum

Increase In Poor Attendance Education Essay

ICBT leads in presenting Edexcel HND ‘s. However, recent observations showed HND Business Management pupils showed an addition in hapless attendence & A ; promptness, failed in ontime bringing ensuing in late & A ; non bringing of assignments, & A ; the chief ground identified for the negative consequences were, pupils hapless clip direction accomplishments. This negatively effects cardinal stakeholders such as institute, pupils, parents & A ; talks, ensuing in inability of pupils to achive good classs, incresed emphasis & A ; old ages taken to finish the HND, reduced the pattern working on deadlines, makes ICBT unable to make its mission & A ; vision, impacts the bing positive image with Edexcel & A ; the market, fades parents ends & A ; hopes, increses force per unit area upon lectors & A ; leads to demotivation as consequences are non achived as expected from pupils. Importance of a solution was recognized, & A ; identified bettering pupils be aftering & A ; forming, prioritizing & A ; end puting accomplishments improves clip managemnet accomplishments. Bettering the sead accomplishments, increses pupils on clip entry rates, capableness to work on clip & A ; reduces emphasis, enable ICBT range its mission & A ; vision & A ; maintain good name with both Edexcel & A ; the market, cut down work burden force per unit area & A ; increses motive of lectors & A ; lead parents see their kids achiving success. Key Words – Students, Time direction accomplishmentsTable of ContentssTable of ContentssList of Tables & A ; FiguresList of tabular arraiesList of figuresList of AbbreviationsICBT – International College of Business & A ; engineering LtdIntroductionEstablished since twelvemonth 2000 ( ICBT, 2011 ) International College of Business & A ; Technology Ltd ( ICBT ) has become one of the most prima private sector higher instruction offering institute in Sri Lanka offering assortment of interantionally accepted survey classs. It was observed most pupils at ICBT surveies Edexcel HND ‘s, & A ; ICBT is most popular in presenting HND ‘s as ICBT was awarded by Edexcel International ( The Sunday Times, 1996 – 2011 ) as the taking centre for Edexcel HND ‘s in Sri Lanka However recent observation showed pupils analyzing Edexcel HND concern direction shows mean hapless attendence & A ; promptness, & A ; neglect to subject assignments on due day of the months ensuing in late entries & A ; non subjecting assignments. The chief ground identified for pupils inability to subject assignments on clip & A ; hapless promptness, was pupils hapless clip managemnt accomplishments. Symptoms identified through detecting pupils which led me to look into these job was pupils classs achived, on mean pupils hapless attendence, hapless promptness, pupils ailments on capable affairs, pupils non verbal looks such as demoing less involvement & A ; concentration towards lectures, drowsiness, negative attitude towards lectures, speaking with friends while talks are being conducted within the category room, etcaˆÂ ¦ The imporatance of placing & A ; happening a sollution to these job was recognized upon placing the negative effects it could hold upon all cardinal stakeholders involved such as pupils, parents, lectors & A ; the institute & A ; the benefits it could convey to the mentioned stakeholders as discussed below. Improved pupils clip mangemnt accomplishments, will increase pupils ability to subject assignemnts on clip, which could be a criteria taking to achive high classs, cut down both emphasis degrees & A ; enable pupils to finish the HND ‘s within the clip frame of 18 months, avoid extra payments required on on late extention & A ; remodules of assignments. Further more achiving high classs would increse pupils knowledge & amp ; accomplishments degrees, which would profit in deriving & A ; constructing nucleus competences neccessry when come ining the occupation market. Besides happening a sollution to better pupils clip mangement accomplishments, would increase pupils pattern & A ; ability to mange clip efficaciously, expeditiously under presure of work while in the university, which could be extremely belived would be utile in their calling life as clip mangemnt is considerd as a critical interpersonal accomplishment in todays concern universe. Further if schemes are non implimentd to better pupils clip mangemnt accomplishments it would do it impossible for ICBT to make its mission & A ; vission as identified in figure:2 in appendix, as ICBT ‘s mission of enahancing quality of human resources available to the market, would be negatively effected as pupils hapless classs, hapless clip direction accomplishments, hapless promptness, etcaˆÂ ¦ would non ensue in an increse of qulity human resource available to the occupation market in the hereafter, & A ; it would non enable ICBT to make its vision, since hapless public presentation of pupils would consequence ICBT ‘s repute & A ; acknowledgment in both the local & A ; international market negatively, impacting both international & A ; local market growing negatively. Besides if this consequences in an continuance, there is an high possibility that ICBT ‘s quality of instruction & A ; repute in the private higher instruction could be adversly effected, ens uing in ICBT ‘s repute recognized by Edexcel International as discussed above to detoriate. Students ability to mange clip effcetively is a critical factor that could consequence a kid ability to run into parents ends & A ; hopes, such as seing childeren go throughing tests with good classs on planned clip frame & A ; being extremely educated, holding a good calling & A ; a work life balance. Further good clip mangemnent accomplishments would ensue in non necessitating to pay any extra payments to the college on late entry or re-modules ensuing in less fiscal load upon parents. Addition in pupils clip mangement accomplishments would increase pupils ability to subject assignments on clip, & A ; this would enable the lectors to finish look intoing the whole batches assignments on a perticular twenty-four hours, without the demand of transporting frontward any due cheques, seting extra presure & A ; burden upon them. Further effectual clip mangemnt plays a major function upon pupils ability to achive a Distinction standard & A ; other good classs, which could be a motivative factor for lectors & A ; act as cogent evidence of lectors high public presentation. As job was identified ICBT City campus Edexcel HND concern direction pupils, country of influence or the range of the survey was identified as the aggregation of all the current registerd Edexcel HND Business Managemnt pupils at ICBT City campus. As identified & amp ; discusssed above how pupils hapless clip managemnt accomplishments effects pupils & A ; other nucleus stakeholders such as parents, lectors, & A ; the institute, the importance of happening a sollution for these job was highlighted & amp ; by doong so it would non merely fullfil the cognition spread, but besides bring monolithic benefits to all the cardinal satkeholders as discussed below.Research ProblemWhy ICBT City campus Edexcel HND Business Managemnt pupils are inefficient in their clip mangemnt?Research QuestionsWhat is clip managemnt? What is efficiency & A ; effectiveness? What is effetive clip managemnt? What are the factors act uponing effectual clip managemnt of pupils?Research AimsTo place what is clip managemnt To place what is effciency & A ; effectiveness and why it is of import to pupils To place what is effectual clip managemnt To place factors set uping effectual clip managemnt of pupilsLiterature ReviewTime direction involves equilibrating all the activities in which a individual participates within the confines of the hebdomad ( Canyons, 2001-2012 ) . Efficiency & A ; effectiveness plays a critical function towards finding an persons ability to equilibrate & amp ; pull off all activities of a perticular clip period. Efficiency is where clip or attempt is good used for a planned undertaking & A ; efectiveness is making the right thing. Therefore effectual clip direction could be considerd as an persons ability to guarantee right things are done at the right clip, while guaranting clip & A ; attempt is good used for the planned undertaking. However factors set uping clip managemnt accomplishments of an person is discussed below. A survey done to happen the relatinship between, hold & A ; the deficiency of ability to put day-to-day modus operandis associated to academic activities ( Dietz, Hofer & A ; French friess, 2007 ) suggested that pupils be aftering is of import to forestall holds in academic work, while Drucker in 1967 recognized that planning activities & A ; undertaking does non ever guarantee completion of planned work, specially when clip presure is high. However a survey done by Gerhard in twelvemonth 2007, showed that pupil planning is merely one factor among several other factors that could consequence clip mangement, through consequences observed by both pre & A ; post preparation accomplishments observed, which focused on four criterias such as self assesment, end scene, clip mangement & A ; self ordinance, which was capable to demo a major addition or betterment in between pupils pre & amp ; station ego managemnt accomplishments. Harmonizing to Sandberg in twelvemonth 2001, stated that effectual use of clip would assist to achive ends as planned, & A ; it is the art of arrangement, organizing, programming, & A ; budgeting 1s clip for the intent is the factors that influence effectual work & A ; productiveness. Obi in twelvemonth 2003 stated that clip mangemnt involves accurately identifying undertakings to be performed, be aftering & A ; programming of activities, prioritisng activities in order, & A ; apportioning clip to tasks harmonizing to the grade of imporatane that enhances productiveness. Olaniyi in 1998 & A ; Akomolafe in 2005 argued that, there is nil to mange in clip as clip is beyond human control, & A ; what persons are capable to make is to make up one's mind what to make with the available clip & A ; how good to form activities within the available clip frame. Adedeji in twelvemonth 1998 besides came up with a strong & A ; similar statement that supports, Olaniyi ‘s & A ; Akomolafe ‘s findings, where he sead clip is an panics resource & amp ; use of clip could be achived by making the right thing at the right clip. A survey done among university pupils in the United provinces ( Macan, et Al, 1990 ) identified a four factor theoretical account which effects pupils clip managemnt accomplishments & A ; they were puting ends and precedences, planning and programming, perceived control over clip, and penchant for disorganization. Out of the four factors perceived control over clip had shown the strongest part to pupils academic and emotional accommodation. Further Macan ‘s designation that end scene could infleunce clip managemnt was besides surported by Richards in 1987 where Richards ‘s concluded that puting life ends & A ; maintaining clip logs were of import techniques for effectual clip managemnt. McCay in 1959 developed a construct for clip direction preparation programme, where the critical elements highlighted in it were, giving penetration into clip devouring activities, altering clip outgo, & A ; increasing work twenty-four hours efficiency by learning people how to do day-to-day planning, how to prioritize undertaking & A ; how to manage unexpected undertakings. A survey done by Britton & A ; Tesser in 1991, had identified that 67 % of undergraduate pupils find clip managemnt as the most hard undertaking to pull off & amp ; 36 % varience among the classs werte due to clip mangemnt accomplishments. This farther high spots & A ; proves the importance of happening why and how clip mangemnt accomplishments could be improved among ICBT City campus HND Business managemnt pupils. Figure: Conceptual Model Planing & A ; forming accomplishments Time direction Prioritizing accomplishments Gaol puting accomplishments Alternate Hypothesis identified Students planning, forming & A ; prioritizing & A ; end puting accomplishments effects clip direction Planing & A ; forming accomplishments is â€Å" the ability to pull off self and/or others, and resources including clip and environing fortunes to make a specific end † ( University of Strathclyde Glasgow, n.d ) Prioritizing accomplishments is the ability to â€Å" specify, rank, and assign degrees of importance to undertakings, activities, and/or issues and cover with affairs of higher importance foremost. Make a list of points in order in which they need to be completed or delegated. Align forces and other resources harmonizing to precedence while keeping organisational mission, vision, and aims. Determine affairs of urgency and manage consequently † ( Selection standards illustrations, 2012 ) Goal scene is the ability of an person to â€Å" set uping specific, mensurable and clip targeted aims † ( Objectiveli, 2012 ) Time direction is â€Å" a set of rules, patterns, accomplishments, tools, and systems working together to assist you acquire more value out of your clip with the purpose of bettering the quality of your life † ( Time ideas, 2004 – 2011 ) , & A ; clip direction accomplishment of an single depends upon the persons be aftering & A ; forming, prioritizing & A ; end puting accomplishments.MethodologyThe sampling frame would be derived from the current ICBT metropolis campus HND Business direction pupil ‘s registries, available from the programme organizing office, which would give a complete list of all pupils registered for the class under each batch. Out of the sampling frame, a pupil sample would be obtained in order to carry on the research. However, HND Business direction batch 38 & A ; 46 would be excluded from, the study as batch 38 has already completed the HND & A ; merely expecting for the finalised consequences & A ; batch 46 would be excluded, as the batch is the freshest HND Business direction batch, which has started on the 2nd hebdomad of September 2012, & A ; would non enable to derive needed information. In order to avoid the sampling mistake survey would be done to place the most suited trying method to be adopted & amp ; a larger sample size would be considered in the study, than the sample size demand calculated through the sample size reckoner. Table: Operational Model Standards to be measured Measurement unit Planing & A ; forming accomplishments Ability to gauge clip & A ; attempt required to finish a undertaking Ability to form systems & A ; required resources Organize personal clip to transport out duties Maintain satisfactory readying clip for scheduled deadlines Capability to develop agendas & A ; timetables with clear mileposts & A ; deadlines Ability to mensurate consequences & A ; mileposts for ego ( University of Strathclyde Glasgow, n.d ) Prioritizing accomplishments Ability to place critical undertaking & A ; arrange undertakings in logical order Establish precedences consistently & A ; differentiate between pressing, of import & A ; unimportant undertakings Ability to supervise or set precedences on a day-to-day footing Use a â€Å" to make † list, undertaking program, or similar planning devices to observe action programs, deadlines, etc. ( University of Strathclyde Glasgow, n.d ) Standards to be measured Measurement unit Goal puting accomplishments Ability to put SMART aims ( Top accomplishment, n.d ) Time direction accomplishments Students attending On clip bringing, late entries & A ; non submitted rates of assignments To mensurate the relationship of the conceptual theoretical account identified in figure: 1 an operational theoretical account had been created in tabular array: 1 above. Harmonizing to the conceptual theoretical account forming, be aftering & A ; prioritizing & A ; end scene accomplishments are considered as independent variables, & A ; clip direction accomplishments is considered as a dependant variable. Table: Logical nexus created to turn out the truth of mensurating units used in the operational theoretical accountStandards to be measuredMeasurement unitLogical nexus to turn out truth of mensurating unitPlaning & A ; forming accomplishments Ability to gauge clip & A ; attempt required to finish a undertaking Ability to gauge the clip & A ; attempt required to finish peculiar undertaking, would enable a pupil to be after in progress on future undertakings & A ; aid to place how much leftover clip is available towards accomplishing other undertakings Ability to form systems & A ; required resources Ability to form systems & A ; resources required to carry through an undertaking in progress, would assist pupils to to the full use its detached clip towards accomplishing the undertaking, without the demand to utilize that clip in happening needed resources & A ; systems which would salvage clip Organize personal clip to transport out duties If pupils have the ability to form clip to transport out personal duties in their lives, the detached clip could be to the full utilized in run intoing personal duties, where this would assist to avoid personal duties disrupting at times pupils are engaged in academic work. Maintain satisfactory readying clip for scheduled deadlines Student ‘s ability to keep satisfactory readying clip for scheduled deadlines would assist to avoid emphasis degrees of pupils, an addition their ability to carry through their ends as planned.Standards to be measuredMeasurement unitLogical nexus to turn out truth of mensurating unitPlaning & A ; forming accomplishments Capability to develop agendas & A ; timetables with clear mileposts & A ; deadlines Ability to put clear mileposts & A ; deadlines with the usage of clear agendas & A ; clip tabular arraies, would take to student motive & A ; besides highlight the marks pupils have to accomplish at each given clip or day of the month & A ; thereby enable to be after & amp ; form undertakings Ability to mensurate consequences & A ; mileposts for ego Ability to mensurate consequences & A ; mileposts for ego, would give an pupils a clear personal thought on where accommodations needs to be made & amp ; thereby assist to be after & amp ; form undertakings more accurately in the hereafter Prioritizing accomplishments Ability to place critical undertaking & A ; arrange undertakings in logical order Students ability to place critical undertakings would enable pupils to give more precedence towards accomplishing them, among other less of import undertakings Establish precedences consistently & A ; differentiate between pressing, of import & A ; unimportant undertakings Ability to precedences consistently & A ; differentiate between pressing, of import & A ; unimportant undertakings, would enable a pupil to give more precedence consequently to pressing, of import & A ; unimportant undertakings. Ability to supervise or set precedences on a day-to-day footing In general there is high possibility that sudden unexpected undertakings may originate than expected, or an unmet undertaking as planned, may be hold to shift into day-to-day undertakings. At a given state of affairs, pupil ‘s ability to accurately supervise & amp ; readapt the set programs consequently would enable to reprioritise undertakings consequently. Goal puting accomplishments Ability to put SMART aims Ability to put SMART aims would enable pupil to avoid underestimate or overestimate of work & A ; capablenesssStandards to be measuredMeasurement unitLogical nexus to turn out truth of mensurating unitAttendance Students attending records Students attending records would supply an clear apprehension on pupils promptness & A ; attending, which could be count towards clip direction accomplishments Assignment entry rates On clip bringing, late entries & A ; remoulded rates Students on clip bringing, late entries & A ; remoulded rates of assignments, would put a clear standard towards measuring clip direction accomplishments, as ability to subject assignments on clip largely depends on pupils ability to pull off clip efficaciously Students planning, forming prioritizing & A ; end scene accomplishments would be measured utilizing pre-determined questionnaire used by researches that have been capable of mensurating pupils be aftering, forming prioritizing & A ; gaol puting accomplishments. The consequences obtained utilizing the questionnaire would be compared against pupils late & A ; on clip assignment entry rates, re-module rates & A ; attending in finding if, HND Business direction pupils planning, forming & A ; prioritizing & A ; goal-setting accomplishments has an consequence upon clip direction accomplishments.Datas aggregation programNote – Questionnaire attached in the appendix Table: Data aggregation program of the studyData / Information requiredPrimary / Secondary informationsBeginning of informationsSampling frame Secondary informations Datas obtained through the programme officeof ICBT metropolis campusData / Information requiredPrimary / Secondary informationsBeginning of informationsOn clip assignment, late entry & A ; re-module rate of assignment entry of pupils Primary informations Inquirers distributed among the sample pupils Student attending Primary informations Inquirers distributed among the sample pupils Students be aftering & A ; forming, prioritizing & A ; Goal puting accomplishments Planing & A ; forming accomplishments Primary informations Inquirers distributed among the sample pupils Prioritizing accomplishments Primary informations Inquirers distributed among the sample pupils Goal puting accomplishments Primary informations Inquirers distributed among the sample pupilsSampling methods to be adoptedSimple random trying All pupils considered under the population will be listed in Excel package harmonizing to batch wise, in order to the pupil registry, & A ; a sample of pupils would be selected utilizing the, random expression provided in Excel in order to carry on the study. Simple random trying would avoid biasness in choice of pupils for the sample, enabling every pupil considered under the population to hold an equal opportunity of being selected for the study & A ; would thereby be capable to stand for the whole population. Difficulties & A ; restrictions faced in utilizing Simple random trying Although the list of pupils names are readily available at the programme coordinating section deriving entree to the list may be disputing as it may necessitate permission from a authorized personal, as the list of pupils names may be protected under certain privateness policies Efficiency of the programme coordinating section squad influence the ability to derive information on pupils names list, which may act upon the clip required to finish the research positively or negatively The list of pupil ‘s names provided by the programme office may non be readily available upon one individual papers, & A ; therefore it may be hard & A ; clip devouring to convey all information together into one individual papers or worksheet to make a concluding list from where a sample could be created. There may be a possibility that all pupils chosen to stand for the sample may hold planning, forming, prioritizing & A ; end puting accomplishments, or all the pupils chosen to stand for the sample may non hold planning, forming, prioritizing & A ; end puting accomplishments, which may make an inability in comparing the consequences of both sorts of pupils, & A ; arrive at a valid decision.Undertaking program ( Gantt chart ) of the researchActivity completed – Activity non completed – Ten Table: Undertaking program for carry oning researchUndertakingStart day of the monthFinish day of the monthLengthTask dependant onAdvancement( Activity completed/ non completed )Comments & A ; rescheduled day of the month if undertaking non accomplished as planned1 Research proposal 10/09/2012 20/09/2012 1 hebdomad 4 yearss Was able to finish undertaking before the planned day of the month 2 Fix the questionnaire 13/09/2012 16/09/2012 4 yearss Was possible to fix the questionnaire by 15/09/2012 3 Get the pupil names list required from the programme office 24/09/2012 27/09/2012 4 yearss Was able to obtain the names list on 13/09/2012 before the planned day of the month of 27/09/2012 4 List the pupil population in Excel sheet & A ; use simple random trying to choose the sample pupils 27/09/2012 30/09/2012 4 yearss 3UndertakingStart day of the monthFinish day of the monthLengthTask dependant onAdvancement( Activity completed/ non completed )Comments & A ; rescheduled day of the month if undertaking non accomplished as planned5 Distribute questionnaire & A ; acquire the feedback from all selected sample pupils 01/10/2012 20/10/2012 20 yearss 2 & A ; 4 6 Start redaction, coding, informations entry, & A ; informations analysis of informations obtained through thequestionnaire 21/10/2012 05/11/2012 15 yearss 5 7 Final research undertaking 06/11/2012 30/11/2012 25 yearss 1, 2, 3, 4, 5, 6DecisionICBT good renowned private higher instruction supplier, has been recognized as the taking centre for supplying Edexcel HND ‘s in Sri Lanka ( The Sunday Times, 1996 – 2011 ) . However, it observed pupil ‘s analyzing HND Business direction has shown an addition in hapless attending & A ; promptness, & A ; neglect to subject assignments on due day of the months, act uponing all cardinal stakeholders such as pupils, lectors, institute & A ; the parents negatively. The ground identified for hapless attending & A ; promptness, & A ; failure to subject assignments on due day of the months was pupils hapless clip direction accomplishments & A ; therefore imporatance of placing & A ; happening a sollution to these job was recognized. Through a elaborate literature, conceptual theoretical account was derived which displayed be aftering & A ; forming accomplishments, prioritizing accomplishments & A ; end puting accomplishments influence pupils clip managemnet accomplishments, & A ; therefore the alternate hypothesis developed was, Students planning, forming & A ; prioritizing & A ; end puting accomplishments effects clip direction. Planing & A ; forming, prioritizing & A ; end puting accomplishments was identified as indipendent variable, where it could act upon the dependant variable which is clip managemnt accomplishments. The operational theoretical account identified in tabular array: 1 lists the measurings that could be used in mesuring all the dependant & A ; indipendent variables. In order to to happen how ICBT HND Businesss Managemnt pupils be aftering & A ; forming, prioritizing & A ; end puting accomplishments effects clip managemnt, the sampling frame was identified as all the current pupils analyzing HND Business managemnt at ICBT City campus. However batch 38 & A ; 46 would be excluded from the study as batch 38 has already completed the HND & A ; batch 46 would be excluded, as the batch is the freshest HND Business direction batch, & A ; would non enable to derive needed information. Datas aggregation program in table: 3 shows the information required & A ; the beginnings of informations aggregation in garnering the required inside informations. Simple random sampling was identified as the suited sampling method to deduce the sample to carry on the study, & A ; in order to understate the sampling mistake a larger sample size would be considered in the study, than the sample size demand calculated through the sample size reckoner. Troubles in following simple random trying method are listed in page 13. Table: 4 shows the undertaking program developed to carry on the research.MentionsAdedeji, S, O, ( 1998 ) The relationship between resource use & A ; academic public presentations in vocational instruction in Osun State secondary schools An unpublished Ph.D. thesis, University of Ibadan, Nigeria Akomolfe, C, O, ( 2005 ) ‘Principals ‘ clip direction abilities in secondary schools in Nigeria ‘ Nigerian Journal of Educational Administration and Planning, vol.5, no. 1, pg. nos. 58 – 67 Britton, B. K. , & A ; Tesser, A. ( 1991 ) Effects of clip direction patterns of college classs Journal of Educational Psychology, vol. 83, pg. nos 405-410 Canyons ( 2001-2012 ) ‘What is clip direction ‘ Time Management [ WWW ] Retrieved from: hypertext transfer protocol: //www.canyons.edu/committees/LEAP/Team1/15tips/tip4.asp [ Accessed on: 10/09/2012 ] Dietz, F, Hofer, M & A ; French friess, S ( 2007 ) ‘Individuals values, larning modus operandis & A ; academic cunctation ‘ British Journal of Educational Psychology vol.77, no. 4, pg. nos. 893 – 906 Drucker, P, F, ( 1967 ) The Effective Executive Harper & A ; Row, New York, NY Gerhardt, M, ( 2007 ) ‘Teaching self-management: The design and execution of self-management tutorials ‘ Journal of Education for Business vol. 83, no. 1, pg. nos. 11 – 18 ICBT ( 2011 ) ‘Our Vision & A ; Mission ‘ About United statess: Vision & A ; Mission [ WWW ] Retrieved from: hypertext transfer protocol: //www.icbt.lk/visionHYPERLINK â€Å" hypertext transfer protocol: //www.icbt.lk/vision & A ; mission.html † & amp ; HYPERLINK â€Å" hypertext transfer protocol: //www.icbt.lk/vision & A ; mission.html † mission.html [ Accessed on: 10/09/2012 ] ICBT ( 2011 ) ‘Welcome to International College of Business & A ; Technology Ltd ‘ About us: About ICBT [ WWW ] Retrieved from: hypertext transfer protocol: //www.icbt.lk/aboutus.html [ Accessed on: 10/09/2012 ] Macan, T. M. , Shahani, C. , Dipboye, R. L. , & A ; Phillips, A. P. ( 1990 ) College pupils clip direction: Correlations with academic public presentation and stress Journal of Educational Psychology vol. 82, pg. nos760-768 McCay, J, ( 1959 ) The direction of clip Prentice Hall, Englewood Cliffs, NJ Mind Tools ( 1996 – 2012 ) ‘How Good is Your Time Management? ‘ Home: Time direction: Time direction quiz [ WWW ] Retrieved from: hypertext transfer protocol: //www.mindtools.com/pages/article/newHTE_88.htm [ Accessed on: 15/09/2012 ] Obi, E, ( 2003 ) Educational planning in modern-day Computer Edge Publishers, Nigeria Enugu Objectiveli ( 2012 ) ‘Why Goals are Key for Project Management ‘ [ WWW ] Retrieved from: hypertext transfer protocol: //objectiveli.com/blog/why-goals-are-key-for-project-management/ [ Accessed on: 12/09/2012 ] Olaniyi, W, O, ( 1998 ) Conceptual attack to educational disposal Patrick Ade Printing Press, Ondo Richards, J, H, ( 1987 ) Time direction a reappraisal Work & A ; Stress, vol. 1 Pg. nos. 73 – 78 Sandberg, J, ( 2001 ) ‘Understanding competency at work ‘ Harvard Business Review, vol.79 no.3, pg. nos. 24 – 28 Choice standards illustrations ( 2012 ) ‘Prioritising Skills ‘ [ WWW ] Retrieved from: hypertext transfer protocol: //selection-criteria-examples.com/selection-criteria-prioritising-skills/ [ Accessed on: 12/09/2012 ] The Sunday Times ( 2011 ) ‘ICBT Campus, awarded as the Leading centre for Edexcel HNDs in Sri Lanka ‘ Education [ Online Newspaper ] Retrieved from: hypertext transfer protocol: //sundaytimes.lk/110918/Education/ed024.html [ Accessed on: 10/09/2012 ] Time Thoughts ( 2004 – 2011 ) ‘What Exactly Is Time Management? ‘ Home: Time direction [ WWW ] Retrieved from: hypertext transfer protocol: //www.timethoughts.com/time-management.htm [ Accessed on: 12/09/2012 ] Top Achievement ( n.d ) ‘Creating S.M.A.R.T. Goals ‘ [ WWW ] Retrieved from: hypertext transfer protocol: //topachievement.com/smart.html [ Accessed on: 12/09/2012 ] Top Achievers ( 2010 ) ‘Time Management Questionnaire ‘ [ Online Downloaded PDF ] Retrieved from: hypertext transfer protocol: //www.topachievers.co.uk/downloads/time-management-questionnaire.pdf [ Downloaded on: 15/09/2012 ] University of Strathclyde Glasgow ( n.d ) ‘Planning & A ; Organising Skills ‘ [ WWW ] Retrieved from: hypertext transfer protocol: //www.strath.ac.uk/careers/sHYPERLINK â€Å" hypertext transfer protocol: //www.strath.ac.uk/careers/skills/generalskills/planningorganisingskills/ † kills/generalskills/planningorganisingskills/ [ Accessed on: 12/09/2012 ]

List of Common Strong and Weak Acids

List of Common Strong and Weak Acids Strong and weak acids are important to know, both for chemistry class and for use in the lab. There are very few strong acids, so one of the easiest ways to tell strong and weak acids apart is to memorize the short list of strong ones. Any other acid is considered a weak acid. Key Takeaways Strong acids completely dissociate into their ions in water, while weak acids only partially dissociate.There are only a few (6) strong acids, so many people choose to memorize them. All the other acids are weak.The strong acids are hydrochloric acid, nitric acid, sulfuric acid, hydrobromic acid, hydroiodic acid, perchloric acid, and chloric acid.The only weak acid formed by the reaction between hydrogen and a halogen is hydrofluoric acid (HF). While technically a weak acid, hydrofluoric acid is extremely powerful and highly corrosive. Strong Acids Strong acids dissociate completely into their ions in water, yielding one or more protons (hydrogen cations)  per molecule. There are only 7 common strong acids. HCl - hydrochloric acidHNO3  - nitric acidH2SO4  - sulfuric acid (HSO4-  is a weak acid)HBr - hydrobromic acidHI - hydroiodic acidHClO4  - perchloric acidHClO3 - chloric acid Examples of ionization reactions include: HCl → H Cl- HNO3 → H NO3- H2SO4 → 2H SO42- Note the production of positively charged hydrogen ions and also the reaction arrow, which only points to the right. All of the reactant (acid) is ionized into product. Weak Acids Weak acids do not completely dissociate into their ions in water. For example, HF dissociates into the H and F- ions in water, but some HF remains in solution, so it is not a strong acid.  There are many more weak acids than strong acids. Most organic acids are weak acids. Here is a partial list, ordered from strongest to weakest. HO2C2O2H -  oxalic acid  H2SO3  -  sulfurous acidHSO4  -  - hydrogen sulfate ionH3PO4  - phosphoric acidHNO2  - nitrous acidHF - hydrofluoric acidHCO2H -  methanoic acidC6H5COOH -  benzoic acidCH3COOH - acetic acidHCOOH - formic acid Weak acids incompletely ionize. An example reaction is the dissociation of ethanoic acid in water to produce hydroxonium cations and ethanoate anions: CH3COOH H2O ⇆ H3O CH3COO- Note the reaction arrow in the chemical equation points both directions. Only about 1% of ethanoic acid converts to ions, while the remainder is ethanoic acid. The reaction proceeds in both directions. The back reaction is more favorable than the forward reaction, so ions readily change back to weak acid and water. Distinguishing Between Strong and Weak Acids You can use the acid equilibrium constant Ka or else pKa to determine whether an acid is strong or weak. Strong acids have high Ka or small pKa values, while weak acids have very small Ka values or large pKa values. Strong and Weak vs. Concentrated and Dilute Be careful not to confuse the terms strong and weak with concentrated and dilute. A concentrated acid is one which contains a low amount of water. In other words, the acid is concentrated. A dilute acid is an acidic solution that contains a lot of solvent. If you have 12 M acetic acid, its concentrated, yet still a weak acid. No matter how much water you remove, that will be true. On the flip side, a 0.0005 M HCl solution is dilute, yet still strong. Strong vs. Corrosive You can drink diluted acetic acid (the acid found in vinegar), yet drinking the same concentration of sulfuric acid would give you a chemical burn. The reason is that sulfuric acid is highly corrosive, while acetic acid is not as active. While acids tend to be corrosive, the strongest superacids (carboranes) are actually not corrosive and could be held in your hand. Hydrofluoric acid, while a weak acid, would pass through your hand and attack your bones.

The Magic Of Monkey essays

The Magic Of Monkey essays Monkey from the 70s was recently performed, as a play by Grin and Tonic. Writer/director, Bryan Nason manipulated themes and issues, such as self-discovery, family, good against evil and acceptance. The performance used and demonstrated many elements of drama as well especially roles, relationships, space, place, movement and mood. Monkey empowered these elements to create dramatic meaning that accelerated issues and themes. The themes that are evident in Monkey were relevant and gave meaning to the production. Self-discovery was a theme used throughout the play, and especially with the four main characters. Monkey was becoming a menace because all he ever wanted to do was fight and he didnt really care what the consequences were, as long as he was fighting. This was one of the problems that erupted an argument among the group, which broke them up. While they were separated, they all learnt that they need each other because they are not whole without each other. The roles in Monkey were developed very well because they all had purpose and status. The purpose of all the characters was made clear; Monkeys purpose was to get back into heaven. All of the roles in the play were characterised well especially Tripitaka who had the highest status as he had control over Monkey with the ring around Monkeys head. Family is another major theme in the play because when the group became separated they realised who their real family is, and they are ones you love. Monkey, Pigsy, Sandy and Tripitaka had become very emotionally attached to each other throughout their journey without realising it. The relationships were expressed extremely well because we could immediately identify the type of relationships between the characters, such as the relationship between Monkey, Pigsy and Sandy, it became clear that they had become friends by the end of the ...

The Presidents Role in the U.S. Federal Budget Process

The Presidents Role in the U.S. Federal Budget Process The annual federal budget process begins the first Monday in February of each year and should be concluded by October 1, the start of the new Federal Fiscal Year. In some make that most years, the October 1 date is not met. Here is how the process is supposed to work. The President Submits a Budget Proposal to Congress In the first step of the annual U.S. federal budget process, the President of the United States formulates and submits a budget request for the upcoming fiscal year to Congress. Under the Budget and Accounting Act of 1921, the president is required to submit his or her proposed budget to Congress for each government fiscal year, the 12-month period beginning on October 1 and ending on September 30 of the next calendar year. Current federal budget law requires the president to submit the budget proposal budget between the first Monday in January and the first Monday in February. Typically, the president’s budget is submitted during the first week of February. However, especially in years when the new, incoming president belongs to a different party than the former president, submittal of the budget may be delayed. The president’s budget proposal may also be delayed by pressing government financial difficulties. For example, President Barack Obama did not submit his FY 2014 budget proposal until April 10, 2013, due to ongoing negotiations with Congress over the implementation of the budget sequester and mandatory spending cuts dictated by the Budget Control Act of 2011. In fiscal year 2016, the federal budget called for the expenditure of nearly $4 trillion. So, as you might imagine, deciding exactly how that much taxpayer money is to be spent represents a major part of the president’s job. While the formulation of the president’s annual budget proposal takes several months, the Congressional Budget and Impoundment Control Act of 1974 (the Budget Act) requires that it be presented to Congress on or before the first Monday in February. In formulating the budget request, the president is assisted by the Office of Management and Budget (OMB), a major, independent part of the Executive Office of the President. The president’s budget proposals, as well as the final approved budget, are posted on the OMB website. Based on the input of the federal agencies, the presidents budget proposal projects estimated spending, revenue, and borrowing levels broken down by functional categories for the coming fiscal year to start on October 1.The president’s budget proposal includes volumes of information prepared by the president intended to convince Congress that the president’s spending priorities and amounts are justified. In addition, each federal executive branch agency and independent agency includes its own funding request and supporting information. All of these documents are also posted on the OMB website. The presidents budget proposal includes a suggested level of funding for each Cabinet-level agency and all programs currently administered by them. The presidents budget proposal serves as a starting point for the Congress to consider. Congress is under no obligation to adopt all or any of the Presidents budget and often makes significant changes. However, since the President must ultimately approve all future bills they might pass, Congress is often reluctant to completely ignore the spending priorities of the Presidents budget. House and Senate Budget Committees Report the Budget Resolution The Congressional Budget Act requires passage of an annual Congressional Budget Resolution, a concurrent resolution passed in identical form by both House and Senate, but not requiring the Presidents signature. The Budget Resolution is an important document providing Congress an opportunity to lay out its own spending, revenue, borrowing and economic goals for the coming fiscal year, as well as the next five future fiscal years. In recent years, the Budget Resolution has included suggestions for government program spending reforms leading to the goal of a balanced budget. Both the House and Senate Budget Committees hold hearings on the annual Budget Resolution. The committees seek testimony from presidential administration officials, Members of Congress and expert witnesses. Based on testimony and their deliberations, each committee writes or marks-up its respective version of the Budget Resolution. The Budget Committees are required to present or report their final Budget Resolution for consideration by the full House and Senate by April 1. Next Steps: Congress Prepares its Budget Resolution

Description of Assessment Requirements 1 Description Students are Assignment

Description of Assessment Requirements 1 Description Students are required to fully describe 10 Key concepts of accounti - Assignment Example International Accounting Standards (IAS) no. 1 states that the concepts guide the how the contents of the financial accounting reports should be constructed. The conceptual framework of accounting includes the objectives concepts of financial reporting group. The second group of concept accounting concepts represents the qualitative characteristics of useful financial information. The third group of conceptual accounting framework concepts includes description, recognition and measurement concepts of the financial reports’ elements (Alexander, 2008). Discussion In terms of the first objective accounting concept, the financial reports are prepared in order to present the financial data pertaining to the business entities’ periodic transactions. Consequently, the financial statement preparers implement the going concern accounting concept. The concept indicates that business entity is assumed to continue its business operations for several years, without any telltale sign s of bankruptcy creeping into the doors of the business entity. When bankruptcy issues crop up, the going concern concept no longer applies to the business entity. The going concern concept indicates the entity has no plans of folding up or liquidating the business operations within the foreseeable future (Kieso et al., 2011). Relevance Accounting Concept . In terms of the qualitative characteristics group of financial concepts, the financial report accounts should comply with the relevance concept of financial accounting (Kolitz, 2009). Relevance means that financial data reported is material to the decision making process. The relevant financial data can significantly influence the decision makers’ choices. To be relevant, the financial data should comply with the materiality principle of financial accounting. The financial information is material if the data can change the decision makers’ choices. For example, the manager gathers data on whether to promote the cash ier to treasury department manager. Information indicating that the cashiers incurred several cash count shortages may prod the managers to reject the proposal to promote the cashier. Completeness Accounting Concept. Further, the financial reports must comply with the completeness concept of accounting. The completeness concept requires the companies to record all transactions in their respective accounting periods. The income statement must present all sales done within the accounting period. The same statement requires that all expenses should be recorded in the year they are used, not during the year when the expense amounts are paid. The company must include all business transactions in the preparation of the financial reports to avoid being charged for fraud or lackluster financial report preparation. Neutral Accounting Concept. Furthermore, the financial reports must implement the neutral concept to f accounting (Morris, 2009). The financial reports serve the needs of several users. The customers use the financial reports to determine if the company will continue to operate for several years. The financial report indicating the company generated a four your net loss amount will impress on the current and future customers that the company is on the verge of bankruptcy. Consequently, the company may be forced to close shop within the next few years of business operations. When this happens, the current and future customers are forced to seek other suppliers of their needs and wants. The customers need neutral financial reports for

DQ # 1 Response to Classmate Research Paper Example | Topics and Well Written Essays - 250 words

DQ # 1 Response to Classmate - Research Paper Example Rita, the remaining staff nurses, and with the help of all employees on the unit can succeed in orienting and retaining the seven new graduates by first welcoming them to the unit.  In helping the new employees feel welcome, it is also important to realize that leadership and followership has a synergistic relationship and that â€Å"no change can occur without willing and committed followers† (Grossman & Valiga, 2009, p. 36). Starting a new job, especially as a new graduate nurse is very stressful. Fear and lack of confidence can sometimes overwhelm a new graduate and it is extremely important to make them feel welcome. Research suggests that when the  Ã¢â‚¬Å"staff is friendly, welcoming, open to the new graduates being there, supportive, and encouraging of their learning† can result in a successful transition from new graduate to nurse (Glynn & Sylva, 2013, p. 177). In real world, it can be seen that through creating quality relationship between leadership and followership, it is possible to orient as well as retain the new nurses. As stated by Grossman and Valiga (2009), â€Å"Leadership and followership are two separate concepts that are complementary or reciprocal, not competitive† (p. 36). People often feel apprehensive when they start a new job but when they are given a warm welcome to the unit, they quickly gain confidence which helps them to acclimatize to the environment. This is so because there would be mutual understanding among the team members which help them to easily fit in the working environment. I have witnessed this at Baptist Hospital where the pre op nurse manager displays quality leadership styles where new nurses are given the opportunity to freely interact with senior nurses in a bid to build confidence in them.   Ã‚  Ã‚  Ã‚  Ã‚  Ã‚  Ã‚  Ã‚  Ã‚  Ã‚  Ã‚   Offering encouragement and support to the new nurses and allowing them to ask questions, makes them feel comfortable and increases their confidence. It is also important to gain feedback from the new

Financial Anaylsis of ASMAK Company Research Paper

Financial Anaylsis of ASMAK Company - Research Paper Example The company sets high objectives for itself and strives to be the leading company in the field of aquaculture. Until recently, ASMAK management have decided to diversify its business activities in other fields like real estate, consultancy services, etc. ASMAK suffered a huge setback financially in the year 2011 and its sales revenues declined significantly. Hence, it has been involved in borrowing money to recover its profitability position, thereby increasing its debt exposure considerably. However the company has huge opportunities available which can be explored effectively to make huge gains from it. The company is recovering at a fast rate and might be requiring more money which they would have to borrow in the upcoming future. Introduction International Fish Farming Holding Company, commonly called as ASMAK is a well reputed fish farming company in the Middle East. It is a multinational public company located at Abu Dhabi. . The company has been studied it details and has been discussed in this study. First of all a brief overview about the company affairs have been mentioned in this study. Next the company objectives and the business activities followed by the company have been discussed in details in this study. The strategic plans of the company’s management in future have also been studied. ... The economic environment of the country and how it had an effect on the company has been mentioned in the study. A detailed analysis of the aquaculture industry and its market in UAE and abroad has been carried over in this study. Various types of financial risks associated with the company have also been discussed in this study. The financial statements of the company for the past two years have been analyzed to know about the current financial condition and the need of further financing by the company. Next a SWOT analysis of the company has been carried out in order to analyze impact of various internal and external factors on the company. Hence, this study gives a detailed overview about the company and its business activities. Company Overview The International Fish Farming Holding Company is an UAE based multinational company headquartered at Abu Dhabi. It is commonly known as ASMAK. It is a public company which was established in the year 1999. Its shares are traded in the Abu Dhabi Securities Exchange. ASMAK is one of the leading companies in the field of manufacturing and exporting frozen fish products in the Middle East and UAE. ASMAK aspires to be the leading aquaculture organization in the world. It aims to have a rapid expansion of its business all over the Arabian Gulf nations and worldwide. Fishing is a common practice for many years in the states of the Gulf Corporation Council (GCC). The business process of ASMAK includes, preservation of fish and other resources from seas through freezing and cooling, trading of the fish products, farming of fishes, packing and processing of sea foods, exports, etc. It is also engaged in the business of providing consulting services regarding sea resources. ASMAK