Conceptual Framework Assignment Example | Topics and Well Written Essays - 1250 words

Conceptual Framework - Assignment Example The IASB want to ensure that equity has first priority to common stock insolvency or liquidation. This is because in business, liability is the duty of an entity that emerge from past or previous events or transactions, the settlement that may lead to the use or transfer of assets, service provision or any other yielding profits or benefits in the future. It is also significant to note that liability differs from equity in the sense that any kind of borrowing from banks or individuals for enhancing a personal income or business, which is payable during both the long and short-term period (Klemstine 2009, 41-43). IASB understands that liability entails a responsibility or use to others that involve settlement by future use or transfer of assets, service provision and any transaction connected with producing economic profits or benefits at a determined time or specified time on either demand or occurrence of a certain event. While on the other hand, it recognizes that equity is the rem aining interest or claim of the junior investors in a company’s assets following the pay out of all liabilities. However, IASB wants it to be clear that in case a liability is more than an asset, it results to a negative equity. In addition, owners’ equity comprises of the total assets of the entire entity. This makes the equity to appear on the balance sheet because net assets would be attained via division of the total assets and all liabilities (Walther 2011, 97). Conceptual framework identifies a notable difference between the quantity of liabilities and assets (equity) exist in terms of interest rates reorganized in a given range of time. The international finance books wants a bank with a similar amount of liabilities as the assets in a given period means that the changes in its interest rates will not change the net interest margin. Such a bank thus has a balanced gap position. On the other hand, if the amount in assets re-price is higher than the liability re-p rice, then such a bank is an asset sensitive one. In contrast, a bank with less amount of asset re-pricing that liability re-price, then it is liability sensitive (Walter & Janich 2011, 78). In the current conceptual framework, uncertain may seem to play a significant role in the definition of liabilities and assets. The conceptual framework holds that the current definitions of liabilities and assets incorporate the idea that the future or forthcoming economic benefits must be anticipated. In addition, the current recognition criteria give details that a liability or an asset is identified if it is possible that any forthcoming economic benefit connected with the product will flow to or from the unit or entity. Additionally, the conceptual framework recognizes that in some rare situations, it is not clear whether a unit or an entity has a liability or an asset exists. The common example applied to determine the existence of uncertainty in the economy is litigation which shows wheth er an entity committed certain act and if it did so, obliges the entity or body to pay fines or damages. Liabilities involves various sorts of debts such as car loans, mortgages, or credit card debts and packaging them as bonds, collateralized mortgage obligations, or as pass-through securities.

Implementation of a Performance Appraisal System Assignment

Implementation of a Performance Appraisal System - Assignment Example As this is a food serving company so the labor intensive workforce can be shown over here. Simultaneously management of human resource and performance appraisal are very much important aspect in such case. New performance appraisal system will improve the communication system within organization. Sometimes problems are raised for lack of communication between employees and managers. If this appraisal system is used to find out the opportunities to serve the work in a better and improved way then it will be useful for both employees and the managers. It will provide a career path to the employees of the organization. It generally gives the opportunity to be promoted in the company and employees feel valued and pleased towards the organization. They become loyal at their work as they get the stable position in the company. The new system is required to improve the quality level. As this business is related to the food industry so this can be stated that if the quality of performance or job will be increased then the amount of revenue will also be increased. From the employee’s point of view the system will also be cost effective because it will clarify the expectations, define clearly about the career path, job accountability, self assessment and job satisfaction. 360 degree feedback, peer assessment, self assessment, negotiated performance appraisal can be used for forming the new metrics of performance appraisal system. Team system model can be implemented in such case. In the restaurant business team performance is very much important to meet the primary objectives and special criteria. Proper inputs from team will improve the growth of the business. At the part of conclusion this can be stated that new performance appraisal system will control the mission, purpose, people, system, growth and quality performance of an organization which is very much essential for future

Business report for Jaguar Land Rover Essay Example | Topics and Well Written Essays - 2500 words

Business report for Jaguar Land Rover - Essay Example In the current study, online questionnaire survey is selected to gather the data. The study will be outlining automobile market condition and position of Jaguar Land Rover. According to researchers, automotive industry of the UK is holding the top position in terms of exporting to different countries. Major firms have invested more than  £6 billion over the last three years from 2012 to 2014 (Kpmg.com, 2015b). Researchers have argued that automotive sales faced the challenge of financial recession effectively. High end car manufacturers are able to recover their loss and developed their income level same as the pre-recessional state. The UK based car industry is expected to increase the production level to 2 million vehicles by the year 2017. It will be the highest level of output in such industry during the last 10 years (Kpmg.com, 2015a). Moreover, UK based automotive industry also indicates that nearly 1,509,762 cars were constructed during the year 2013. Within which 87,671 were developed for the commercial purpose. The industry also produced almost 2,553,316 engines during the period (Kpmg.com, 2015b). The industry recorded with a revenue generation of  £59.3 billion during the year 2013-2014. The industry is having different car manufacturers like the Bentley, Infiniti, London Taxi Company, Ford and Jaguar Land Rover (SMMT, 2015). These firms are producing different types of cars and spare parts for the local and international demands. The industry or the firms can be justified based on some segments like manufacturing, supply chain, economy, business environment and environmental credentials (SMMT, 2015). The UK automobile industry outlines that there are nearly seven mainstream car companies, seven commercial automobile producers and nine bus and coach manufacturers (Kpmg.com, 2015a). In addition, it is also observed that premium and sports cars are gaining interest among the UK based automotive market and there are almost eight

Hypertension and ethical dilemmas Assignment Example | Topics and Well Written Essays - 750 words

Hypertension and ethical dilemmas - Assignment Example A dietician or a health professional will explain the importance of a healthy lifestyle to Ruth. She will follow a diet plan, exercise regularly, quit smoking, maintain a health weight, and overcome depression to manage hypertension (Bryg, 2009). She will have to avoid eating-out and take-away and indulge more on healthy home-cooked food because this will help in reducing her salt-intake and also help her maintain a health weight which would ultimately result in reduced hypertension. Ruth will need a manual or a digital blood pressure monitor (sphygmomanometer). She can check her blood pressure as instructed by the doctor or a health professional. By checking her blood pressure at home, Ruth will be able to keep a close eye on her hypertension (Bryg, 2009). By teaching Ruth how to monitor her blood pressure at home will allow her to keep a close check on her blood pressure level. She can record the values and plot a graph to check whether the treatment is effective in controlling her hypertension. Bryg, R. J. (2009). Complementary and alternative treatments for high blood pressure. WebMD. Retrieved October 19, 2010, from http://www.webmd.com/hypertension-high-blood-pressure/guide/hypertension-complementary-alternative-treatments?page=2 The first and the foremost ethical dilemma that arose in the scenario was when the personal information of Joe was being discussed among health care providers other than the reason for medical consultation. This is a clear violation of Joe’s right of keeping his personal and health information private and confidential (Thompson, 2003). The situation that Joe is faced by at the moment is that he is a minor due to which he does not possess the right to accept or refuse any treatment; the decision lies with his parent (Bartholome, 1995). His parents being his legal guardians have decided not to take the treatment on a religious ground which has gave rise to another ethical dilemma in which Joe’s