Outsourcing Outsourcing And Outsourcing - 1840 Words

Outsourcing, and in particular offshore outsourcing, is absolutely necessary and helps our country s economy. Outsourcing helps a company focus on those things it does best and hence increase its top line revenues while reducing costs. Outsourcing has provided organic growth to the United States corporations and enabled them to compete more effectively in global markets. This paper seeks to explore what outsourcing is, what the difference between outsourcing and offshoring is, what effects it has on individuals, firms, countries and the world as a whole, the controversy surrounding outsourcing, trends of outsourcing and the necessity for it. Outsourcing refers to sending any type of work that a business would otherwise be completed†¦show more content†¦For example, Wyeth Pharmaceuticals outsourced its clinical-testing operation to Accenture Ltd. in 2004 (Engardio, Arndt, Foust, 2006). Even the local city and state government also outsources services like infrastructure to build roads, toll booths, and health care, trash and snow removal. Outsourcing can free up government agencies to focus on strategy, planning, and core functions they perform best and governing the people. Outsourcing is more prevalent than you might know, and it is very vital to our economy. Offshoring or offshore outsourcing is the relocation of a business process from one country to another. For example, a business in the US could outsource work to a contractor within the US which is outsourcing. If the business instead outsources the work to a foreign contractor like in India or the Philippines, it is called â€Å"Offshoring†. While outsourcing is used to access contractors with advanced skills locally for short term projects or to speed-up the projects for completion, offshoring is used basically to reduce the cost than in-house staff for a task or a process. Firms offshore anything that could be from simple customer care to more critical operations like research and development (RD), total information technology (IT) management, and new product development. Even though these may seem like core competencies, some firms still outsource them, so

Causes And Effects Of Social Media - 1874 Words

Causes and Effects of Social Media There is no denying that the expansions of the World Wide Web and social media have skyrocketed in the last few years. It all started with the birth of MySpace for Generation Z in 2003. It then happened again later in 2004, when Mark Zuckerburg created the most commonly known and used Facebook, which then led to the launch of Twitter in 2006. Ultimately, what all of this is saying, is that the effects of social media have impacted the lives of many since 2003. All of these social sites piggyback off of one another and it has created a nation that has become dependent on the use of social media. People are using social media as a way to get their news, instead of actually watching the news. Instead of†¦show more content†¦This birth was known as Twitter. Twitter was launched in 2006. The purpose of Twitter was to create a â€Å"mini blogging† site, hence the reason that its users are limited to 140 characters per tweet. In 2009, it wa s ranked as the top 3 social sites out of the ones mentioned and multiple more. As time progressed, Instagram was released in 2010. Instagram is similar to Facebook because one is able to share photographs, but that is Instagram’s sole purpose. Instagram allows the users to upload photos, edit those photos, and write captions to go along with them. Moving along, in 2011, a different form of social media came out. The famous Snapchat that quickly escalated. Snapchat allows one to send and receive snapchats that dissolve after 10 seconds or less. It began where one could only send pictures and receive them, but then the creators attended the instant messaging part. The messages, much like the pictures, are gone as soon as one is finished it with it. It is easy to see how quickly social media progressed and in a very small time frame. The impact social media has made is very evident and it has created a never ending list of possibilities because of this drastic expansion. Since social media surfaced, it has created many new opportunities, whether it be for businesses or just keeping up to date with what one’s favorite celebrity is doing. With the advancement of socialShow MoreRelatedCauses And Effects Of Social Media1049 Words   |  5 Pageswhat effect social media has on people worldwide. Many people are using social media daily and because of that, they might not know the effects that can be lurking behind a screen and causing harm to their mental health. Social media has many negative effects on mental health. Some people could think that mental health and social media has no relation, when it does. It is a fast-growing issue with many â€Å"cause and effect† reasons behind it. Each cause needs to be recognized along with the effect itRead MoreCauses And Effects Of Social Media Essay769 Words   |  4 Pagesthe past years, social media has grown tremendously fast. Most people have at least one social media account. The use of social media has its benefits and its problems. It is good for spreading the current news, advertising businesses, and it is one of the easiest and fastest way people communicate with each other. However, it also spreads hate. Some people let their social media rule their life as if they must live up to something because of what they witness on the social media. The popularityRead MoreCause and Effect of Social Media Essay888 Words   |  4 Pagesyounger generation in particular. Technology plays as a key factor in most lives, social media especially. Among the most popular of social media are Facebook, Twitter and Instagram, all with the main purpose to share or view personal information and experiences, communicate with others and meet new people on social or professional grounds. There are several positives and negatives effects associated with social media, making it a topic of debate whether it is creating more good or harm for today’sRead MoreSocial Media Negative Effects O n People1255 Words   |  6 Pages Social media negative effects on people psychology paper Research Question: How Social media has negative effects on people? Review of literature: Social Media may seem positive and safe, but they affect our daily lives more than you can think of. If someone is sad or mad it could be because they have just used social media . It’s true people’s emotions can change because of social media. Due to this fact I got curious andRead MoreNegative Effects Of Social Media Essay1209 Words   |  5 PagesStatistics show that teens spend nearly 9 hours a day on social media websites, which is more than one-third of their day (Tsukayama). Social media, among teenagers and young adults, is quite popular. It is used on many different platforms and in so many ways which allows high schoolers to be constantly attached. Over the past decade, with the emergence of social media, the amount of time these websites consume from individuals has become greater and greater. Parents who have grown up in a differentRead MoreSocial Media And Its Effects On The Individual1665 Words   |  7 Pages The average teenager spends more time on social media than sleep. Explain the causes of the increase in social media use, and the effects on the individual. Are the effects largely positive or negative? This essay will begin by explaining defining what social media is and when it came into existence, following this, research will be used to identify what factors have contributed to the exponential rise in social media use globally as well as referring to available statistics on howRead MoreNegative Effects Of Social Media1297 Words   |  6 PagesIn the twenty-first century, social media plays an extensive part in most people’s lives. Instagram, Twitter, and many other social networks can cause adverse psychological harm and even lead to physical harm. Although many may argue that social media pertains to be useful, there prove to be more harmful aspects rather than helpful aspects of these media sites. These effects are not only psychological, but they may also be physical. Not only do social networks cause depression, anxiety, and cyberbullyingRead MoreThe Effects Of Social Media On Children s Development1067 Words   |  5 PagesAbstract As children are exposed to more and more social media with the increase of technology, it is important that parents minimize the exposure of social media to their children. There are multiple extensive ways in which social media can influence a child’s well-being and development: An influence on their social ability with others, the content of the social media, and the activities that social media replaces such as exercise. Methods that could potentially improve the risk of a child’s well-beingRead MoreThe Effects Of Social Media On Teenagers1379 Words   |  6 PagesThe Social Media Effect When you were a teenager, did social media impact your life? If not, it certainly has had an impact on the teenagers of America today. Social media has been around for a long time. There are many applications for social media, some of which are Twitter, MySpace, and Facebook. With the rapid evolution of social media, people believe that social media is impacting teenagers in a negative way. However, some believe that there are positive effects. The negative effects ofRead MoreNegative Effects Of Social Media1350 Words   |  6 Pagestoday’s society, social media is an important tool that many people use daily for various purposes. On social media, people share their opinions, events in their lives, and news. They also use social media as a tool for entertainment and as a way of keeping in touch with their friends. Because of its various uses, the use of social media increased very significantly over the years and it is no surprise that many scholars from different disciplines took an interest in the use of social media. These scholars

Accounting for Managers Accounting Policies and Solutions

Question: Describe about the Accounting for Managers for Accounting Policies and Solutions. Answer: Introduction This study deals with analyzing four major problems in relation with management accounting. In this particular assignment, emphasis has been given on management accounting forming the core part of every business organization (Libby, Rennekamp and Seybert 2015). This particular business organization aims at taking several decisions based on results of management accounting. It gives detailed solutions to the four problems listed in the assignment and highlighting the major importance. Problem 1 Part A This question requires describing the differences in accounting policies that majorly affects financial statements of company for specified time. Company A uses straight-line depreciation method. On the other hand, Company B follows double declining method. There is huge difference in the process and it has wide impact on the given financial statements of business enterprise (Kaplan and Atkinson 2015). These figures will be reflecting in the book value of assets. It is known that Straight-Line methods make use of residual valuation of asset. As far as double declining method is concerned, it is calculated based on (1/useful life*200). Calculation has been provided in the Appendix 1 of the assignment. It depicts the depreciation calculation of Company A and Company B. Cost of assets is estimated at 100,000 and salvage value is 10000. There is a difference of book valuation presented in the middle years for certain asset. For instance, if a particular company sells its asset for 80000 for six year time period, then Company A will record profit at 7000 (80000-73000). This has to be shown in the profit and loss statement. On the contrary, Company B profit will be recorded at 26856 (80000-53144). On analysis, it has been noticed that Company B has more profit generation in comparison with Company A (Horngren et al. 2013). Addition to that, Company A assets will be declining because of the book value as it reflects upon higher valuation in comparison with Company B. Hence, it can be understood that this type of difference present in the depreciation treatment widely affects financial statements of Company A and Company B for specified period. Part B This particular question asks for the information regarding depreciation disclosures as mentioned in different types of financial statements (Healy and Palepu 2012). It requires proper understanding of adequate knowledge that has been transmitted to the reader by gaining depreciation information presented in the financial statements. Therefore, it is noted that depreciation treatment is based upon three financial statements such as cash flow statement, balance sheet as well as income statement. These three statements reveal the fact from business perspectives. As far as balance sheet is concerned, depreciation reflects upon total amount of accumulated depreciation as incurred by the fixed assets for ant business organization. It is therefore understood that accumulated depreciation is done for specified time. It is the amount of accumulated depreciation that is to be credited when a particular journal entry is passed (Hartley 2014). For Instance, in case life of fixed assets is treated for 10 years as mentioned in the financial statements for preparing it for 3 years. In that case, accumulated depreciation will infer for total first years of double balancing method. As far as cash flow statement is concerned, it deals with total amount of depreciation that is added back to the net income for various non-cash transactions (Guo-liu and Sui 2013). In case of income statement, depreciation is shown as an expense as well as posses negative impact especially on net income. Addition to that, depreciation in the income statement considers as the amount that is debited at the time of passing the journal entry for a particular transactions. The above-mentioned information is regarding the knowledge depicted by a reader for depreciation of financial statements for future analysis purpose (Drury 2013). Problem 2 This particular problem is concerned with the medium-sized company named as Kangaroo Express. It requires description of three alternative types of financing for the company for Kangaroo Express. It further needs explanation on the risk as well as return implications for each of the alternatives for Marsupials (Droms and Wright 2015). In this case, Kangaroo Express can easily opt for various sources of financing for bringing improving in the capital structure. These types of sources of funds usually come from equity financing as well as debt financing. Equity Financing Debt Financing Venture capitalists Bank Loans Initial public offerings, Asset backed mortgage loans Retained earnings Government Bonds Table: Different types of equity as well as debt financing (Source: Dhamija 2015) The above table points out the various types of equity financing and debt financing in accordance with the medium-sized enterprise named as Kangaroo Express Venture Capitalists Venture capitalists are one type of equity financing that provides capital to business enterprise. It is in exchange with share ownership for given business organization. In case Kangaroo Express opts for venture capitalists, cost of return will be huge in nature (Collier 2015). Therefore, there is huge risk present in this case, as it will dilute the ownership. Kangaroo Express has shares of Marsupial family, and then it will be huge trouble for them in the near future. Initial public offerings Initial Public Offerings is another type of equity financing that means the process of selling shares to the public with the help of secondary market. Kangaroo Express thinks of expanding for demand of products on satisfactory terms. This particular organization can opt for IPO for raising capital from the public (Collier 2016). It is important to consider the fact that Kangaroo Express needs to be assured regarding demand of the products before launching initial public offerings. In this case, risk is high as well as returns percentages at the same time. Long term bank loans, Asset-backed mortgage loans and Government bonds Long-term bank loans, asset-backed mortgage loans as well as government bonds are types of debt financing. Kangaroo Express can opt for long-term loans, as it will help in raising funds in smoother terms. It is slightly less risky process as it increases total debt amount from inherent risk association (Warren, Reeve and Duchac 2013). This particular aspect affects the capital structure of the given business organization. It is advisable to the business firm for obtaining certain portion of capital especially from financial banks. Business organization should make use of retained earnings for paying off interest in association with bank loans. The case study company is medium-sized and it is expected that the business form will have considerable amount of retained earnings for making it a profitable organization (Chen, Tan and Wang 2013). In this case, risk will be less and more return for Kangaroo Express. On the contrary, Kangaroo Express can even opt for government bonds. This is because government bonds are less risky as well as higher return on other side. After analysis both equity and debt financing, it is recommended that kangaroo Express should opt for bank loans as well as government bonds for raising capital for expansion purpose (Anderson et al. 2015). Problem 3 Ethical behavior is very important for managerial accounting. Ethical behavior in accounting largely affects relationship between company, employees and suppliers. Management accounting manages with the internal process of business firm so accountants need to abide with the norms of ethics in carrying out operations (Collier 2016). The major responsibility of an accountant is to present correct value in form of financial information on behalf of top-management of accounting firm. Ethical principles need to be followed by accountants based upon responsibility and objectivity. Management is liable to take strict actions on the accountants who present wrong or misleading information in the financial statements. At the time of external audit, if external auditors will find out some faults in the financial statement then top management will be questioned regarding any unethical decisions undertaken by them. There also occurs various legal consequences for given business accounting firm. There is wide-impact of ethics on relation with company as well as its stakeholders. Collier (2016) argues the ethical behavior largely affects relationship of the company with its key stakeholders. Most of the business organization needs to be accountable on behalf of its stakeholders. Business organization will be legally punished if they produce any kind of wrong information especially in the financial statements. Wrong information produced by business organization lowers down the goodwill that hampers the relationship with internal as well as external stakeholders. This includes customers as well as suppliers and employees (Collier 2016). Hence, management accountants need to follow various ethical standards while working for given business organization. Problem 4 This particular problem requires discussion on strengths as well as weakness of financial statements for determination of growth potential of suppliers. It is opined by Kaplan and Atkinson (2015) that financial statement analysis posses various strengths and weakness for determination of future prospects from supplier or any other business organization. Some of the major strength of financial statement is explained below with proper justification: Profit and Revenue Identification- It is important to understand the fact that financial statement depicts total revenue and total profit as earned by business firm for specified time. It can be considered as growth prospective from the point of view of the supplier as judged by sales as well as profit figures generated by business organization (Warren, Reeve and Duchac 2013). Cash flow statements and budgeted figures- It has been understood that financial statements helps in identification of total amount of cash inflows as well as cash outflow for determining the cash balance for any business accounting firm. Hence, it is easy to judge the supplier stability position by using financial statement analysis. Some of the weakness of financial statements is listed below with proper justification: Market condition- This is one of the weaknesses of financial statements as it fails in reflecting the probable market condition whereby accounting firm operates in given form. Supplier growth potential cannot be analyzed by using financial statements of a particular business organization. Continuity in operations- Financial statements fails in reflects continuous analysis on the sales as well as profit figures (Warren, Reeve and Duchac 2013). These figures are not presented in the financial statements of any business organization. Financial statement fails in determining the stability of the firm in proper way. Learning from standard set of financial statements It is important to consider the fact regarding the financial statements for acting as balanced scorecard for particular business firm for specified year (Libby, Rennekamp and Seybert 2015). It depicts on how much profit will be earned for given time. It helps in highlighting the cash position as well as total assets and liabilities for given business organization. Addition to that, financial statement reflects in rendering quantitative information that gives true as well as far valuation for particular business enterprise. Limitations of Financial Statements There are various limitations of financial statements that need to be addressed while preparation of the statement for particular business organization financial statement gives only quantitative information and completely ignores qualitative information (Warren, Reeve and Duchac 2013). Financial statement takes into consideration facts from historical costs. It fails to include market value of assets and liabilities in the financial statements (Libby, Rennekamp and Seybert 2015). Financial statements are majorly subjected towards fraudulent activities. Non-financial information are completely ignored by the financial statement users. Suppliers ability judgment Suppliers ability can be easily judged by cash flow statement as well as liquidity position of the concerned suppliers. Debt amount will give true picture regarding the suppliers for remaining in the business or not. In case debt amount of supplier is one the higher side, it will lead to weak capital structure (Warren, Reeve and Duchac 2013). This will lead to cash flow problems in the upcoming financial years. Additional capital for growth purpose It is easy to assess the capital structure by understanding the relationship between debt as well as equity. In case of stable relationship, company has the liability in opting for additional capital growth (Libby, Rennekamp and Seybert 2015). Business firm can attract additional capital for future growth in case there is positive relationship between cash flow position as well as liquidity ratio at the same time. Conclusion At the end of the study, it is concluded that there are major four problems highlighted in the assignment. It is in relation with finding out the importance as well as limitations of management accounting for given business enterprise. Organizations are liable in undertaking several decisions after analyzing financial statements. It is required for the accountants to follow the ethical standards of financial statements. It will increase the sustainability of business firm if every accountant follows the ethical standards while preparing the financial statements. Reference List Anderson, S.B., Brown, J.L., Hodder, L. and Hopkins, P.E., 2015. The effect of alternative accounting measurement bases on investors assessments of managers stewardship. Accounting, Organizations and Society, 46, pp.100-114. Chen, W., TAN, H.T. and Wang, E.Y., 2013. Fair value accounting and managers' hedging decisions. Journal of Accounting Research, 51(1), pp.67-103. Collier, P., 2016. Accounting For Managers Interpreting Accounting Information For Decision Making 0470845023. Collier, P.M., 2015. Accounting for managers: Interpreting accounting information for decision making. John Wiley Sons. Dhamija, S., 2015. Financial Accounting for Managers, 2/e. Pearson Education India. Droms, W.G. and Wright, J.O., 2015. Finance and accounting for nonfinancial managers: All the basics you need to know. Basic Books. DRURY, C.M., 2013. Management and cost accounting. Springer. Guo-liu, H.U. and Sui, Z.H.O.U., 2013. Accounting conservatism, managers overconfidence and excessive investment [J]. Journal of Southeast University (Philosophy and Social Science), 2, p.015. Hartley, W.C., 2014. An introduction to business accounting for managers. Elsevier. Healy, P.M. and Palepu, K.G., 2012. Business Analysis Valuation: Using Financial Statements. Cengage Learning. Horngren, C.T., Sundem, G.L., Schatzberg, J.O. and Burgstahler, D., 2013. Introduction to management accounting. Pearson Higher Ed. Kaplan, R.S. and Atkinson, A.A., 2015. Advanced management accounting. PHI Learning. Libby, R., Rennekamp, K.M. and Seybert, N., 2015. Regulation and the interdependent roles of managers, auditors, and directors in earnings management and accounting choice. Accounting, Organizations and Society, 47, pp.25-42. Warren, C.S., Reeve, J.M. and Duchac, J., 2013. Financial managerial accounting. Cengage Learning.

International students consume alcohol Essay Example

International students consume alcohol Essay Restatement of the research objective The research focuses on drawing a comparative analysis between Australian and the international students drinking habits. Overall, the data shows that overseas and Australian students consumption of alcohol is quite different. As this research shows, on average both international male and female students consume alcohol at least once a month. On the other hand, the Australian students drink alcohol mainly two days a week. In addition, beer is the conceivably the most common drink among the international students while brand choice is evidently differentiated among the Australian students. The majority of Australian female students consume bottled wine while their colleague males predominantly drink beer irrespective of their alcoholic strengths. We will write a custom essay sample on International students consume alcohol specifically for you for only $16.38 $13.9/page Order now We will write a custom essay sample on International students consume alcohol specifically for you FOR ONLY $16.38 $13.9/page Hire Writer We will write a custom essay sample on International students consume alcohol specifically for you FOR ONLY $16.38 $13.9/page Hire Writer Research findings From the data obtained in this study, the first finding is that that alcohol is definitely the highest indulgence drug among both Australian and the international students. Beers and spirits account for the highest proportion of alcohol used by the international students while higher incidences of bottled spirit use and beer drinking is reported among Australian female and male students respectively. Most male international students drink at least twice a week while international female students only drink occasionally. Conversely, a greater proportion of the Australian students drink mainly two days a week. One probable reason for higher incidences of alcohol use among male than female students is the contemporary youth mentality that associates drug use with masculinity. Moreover, the society assigns females the role of caregivers hence they embrace sobriety early enough in their life. The second finding of this research is that taste of drink highly influences the brand relished by the international students than it is the case with Australian students. While both the male and female the international students exhibit an almost equal liking for beer, the Australian male students are common drinkers of wine while females relish bottled wine. Therefore, it .means that beer has the most favorable taste than all the other drinks that the international students choose from. On the other hand, there is a marked difference between the drinking of alcohol among international and the Australian students. The probability that psychological attunement of the females towards details such as taste and brands is higher than that of the males. Therefore, males would only consider a few factors before settling on a brand of choice as opposed to the females. While disposable income among the Australian students is the most important determinant of their respective drinking habits, taste is the most significant determinant of the brand choices among the international students. Due to the differential prices of various types of wine, its use among the Australian students is the most segmented with lower income students less predisposed to drinking cask wine than the medium to high income ones. Price only has an overreaching influence on the brand choices of the international female students. The most plausible reason for the influence of pricing in the Australian students choice of alcohol brand is their limited income. However, overseas students mainly come from affluent backgrounds thus are able tis sustain their alcoholic lifestyles devoid of price limitations. This research determines that a larger proportion of female international student drinkers consume alcohol at least once a week, at least once a month and less than once a month as compared with their male counterparts whose drinking habit is not dependent on time factors. The international male students drink alcohol at least twice a week is higher than female. These findings indicate the high levels of caution that female international students employ to prevent binge drinking or becoming alcohol addicts. Drinking of beer among the Australian male drinkers is differentiated into cohorts with decipherable differences in brand choices between baby boomers, generation X and generation Y. While age is not a determinant in the international students brand choices, it is significant among Australian drinkers with baby boomers males drinking more spirits that beer. Among the international male and female students, beer is universally extensively drunk than any other brand irrespective if the drinkers age. The choice to drink only occasionally reflects the resilience of both the international and Australian female students to the effects of group pressure compared to their male counterparts. In addition, the higher rates of drinking among both overseas and Australian male students can be attributed to the fact that males are more susceptible to group influence, especially with respect to drug use than the females are. Limitations and recommendation of the study The research does not provide personalized information that influence differential alcohol use among the international male and female students respectively as it does for the Australian. Factors such as societal expectations and resistance to peer pressure among female students would be rather compelling assertions of the research. Therefore, future research should focus on the social factors that influence the differentiated drinking trends between Australian and overseas students.