Principles of accounts free essay sample

I would like to express my sincere gratitude to all the persons who have been helpful towards the successful completion of this assignment. First and foremost I would like to thank Shadae Russell, Shakeyra Millington, Jonathon Butler and Ovasha Bartley for their support and assistance towards carrying out the research to complete this assignment. Secondly I want to thank my guardians for providing me with the suitable materials to finalize this assignment. I would also like to thank Mrs. K. Elliot for her assistance and guidance in completing this project. Last but certainly not least I would like to thank God for his extended mercies unto me. Introduction This assignment is about a business that started approximately three (3) years ago which is situated in a busy area that allows it to generate large amounts of money each day to carry out its operations. This assignment contains all the information about this Blanna’s Fashion Boutique business. We will write a custom essay sample on Principles of accounts or any similar topic specifically for you Do Not WasteYour Time HIRE WRITER Only 13.90 / page The information which this assignment contains includes the financial records for the period ending September 30 2011. This assignment serves to keep track of all the money that goes inside the business bank account, all the cash which the business uses within visiting the business bank account, all the money that goes outside of the business bank account, all the money that came into the business by cash and not with the use of cheques and the purposes for each transaction. Therefore this assignment provides a clear understand of all the operations the business under goes on a day to day basis. Table of Contents Headings Page # Cover Page I Title PageII AcknowledgementIII Introduction IV Aim of the Project1 Description of Business Entity 2 Mission Statement 3 Logo and Slogan 4 Accounting Cycle 5 Accounting Information Journals 6-7 Cash Book 8 Ledgers 9-13 Trial Balance 14 Stock Valuation 15-19 Trading, Profit and Loss and Appropriation A/c 20-21 Balance Sheet 22 Bank Reconciliation Statement 23 Accounting Ratios 24-25 Performance of the Business 26 Comparisons 27 Recommendations and Suggestions 28 Conclusion 29 Appendix Price list (showing mark up %) 30 Diagrams Charts and Graphs Pictures Invoices, Cheques, Receipts etc References Aim of the Project The aim of this project is: To arrive at a comprehensive understanding of the financial sector of businesses. To highlight the strength and the weaknesses of the Blanna’s Fashion Boutique business. To present the financial records for the year ended September 30, 2011 for Blanna’s Fashion Boutique business. Description of Business Entity Blanna’s Fashion Boutique is a partnership. This business is owned and operated by Anna Kay Blake, Shadae Russell and Ovasha Bartley a Group of ambitious young ladies. Our main aim is to make a profit while catering for the needs of the community which it is situated in. Blanna’s Fashion Boutique is situated in Montego Bay at the Blue diamond plaza 10 Pearl Street. This business has been in existence since June 20, 2008. We employ approximately fifteen (15) workers. We cater for the petite to the full figured women. We produce a wide variety of slippers, pants, skirts, handbags and accessories. Prices are always lower than that of our competitors. In cases of fashion emergencies you can call us at (1876) 3553980/4275646 or email us at Blanna’[emailprotected] com. The mission of Blanna’s Fashion Boutique is to: Provide the latest fashion for all females Provide goods and services at a reasonable cost Ensure that the quality of our goods meets the standards of our business. Ensure that whatever the business do doesn’t affect the environment negatively. Provide employment for members of the community Provide sponsors to underprivileged children Logo and Slogan Logo Slogan With passion we send out the latest fashion Accounting Cycle General Journal Date Details Folio Debit Credit September 1 Bank CB01 364000 Cash CB01 27160 Debtor (J. Simpson) SL01 31600 Motor Van GL02 62840 Building GL03 100000 Stock 24960 Creditor (Super Supreme) PL01 10560 Capital GL01 600000 Opening entries 610560 610560 Purchase journalPage 01 Date Details Folio Amount 1-Sep Super Supreme International PL01 237,040 27-Sep Super Supreme International PL01 57,960 Sep 30 Total credit purchases to be transferred to the purchases account in the general ledger GL02 295,000 SALES JOURNAL Date Details Folio Amount 5-Sep J. Simpson SL01 57000 13-Sep B. Banton SL03 78,550 20-Sep N. Kidman SL02 104,400 Sep 30 Total credit sales to be transferred to the sales account in the general ledger GL13 239,950 RETURN OUTWARDS JOURNAL Date Details Folio Amount 9-Sep Super Supreme International PL01 13,600 Sep 30 Total return outwards to be transferred to the return outwards account in the general ledger GL16 13,600 Return Inwards Day Book Date Details Folio Amount 24-Sep B. Banton SL03 16,800 30-Sep N. Kidman SL02 9,600 Sep 30 Total goods returned to us to be transferred to the return inwards account in the general ledger GL15 26,400 Cash Book Date Details Folio Discount Allowed Cash Bank Date Details Folio Discount Received Cash Bank September 1 Balance b/d GJ01 27,160 364,000 September 1 Machinery GL3 48,000 September 2 Bank C 50,000 2 Cash C 50,000 3 Sales GL13 59,350 3 Rent GL4 30,000 7 Sales GL13 37,750 6 Fixtures GL5 65,000 18 J. Simpson SJ01 12,000 45,000 8 Wages GL12 10,000 29 B. Banton SJ03 6,175 55,575 11 Insurance GL6 6,100 30 Sales GL13 120,540 11 Electricity GL7 3,300 11 Rates GL8 2,600 15 Super Supreme International PL01 7,500 142,500 15 Wages GL12 10,000 16 Drawings GL10 6,200 19 Furniture GL11 3,600 22 Wages GL12 10,000 29 Wages GL12 10,000 30 Balance c/d 123,075 239,000 18,175 350,375 409,000 7,500 350,375 409,000 General Ledger Date Details Folio Amount Date Details Folio Amount Capital A/C Page 01 September 31 Balance c/d 600,000 September 1 Balance b/d GJ01 600,000 October 1 Balance b/d 600,000 Motor Van A/C Page 02 September 1 Balance b/d GJ12 62,840 September 30 Balance c/d 62,840 October 1 Balance b/d 62,840 Buildings A/C Page 03 September 1 Balance b/d GJ01 100,000 September 30 Balance c/d 100,000 October 1 Balance b/d 100,000 Machinery A/C September 1 Bank CB01 48,000 September 31 Balance c/d 48,000 October 1 Balance b/d 48,000 Rent A/C September 3 Bank CB01 30,000 September 30 Profit Loss 30,000 Fixtures A/C September 6 Cash CB01 65,000 September 31 Balance c/d 65,000 October 1 Bal b/d 65,000 Insurance A/C September 11 Bank CB01 6,100 September 30 Profit Loss 6,100 Electricity A/C September 11 Bank CB01 3,300 September 30 Profit Loss 5,500 30 Accruals c/d 1,200 5,500 5,500 October 1 Accruals b/d 1200 Rates September 11 Bank CB01 2,600 September 30 Profit Loss 2,600 Drawings September 16 Cash CB01 6,200 September 30 Balance c/d 6,200 September 30 Balance b/d 6,200 Furniture September 19 Cash CB01 3,600 September 30 Balance c/d 3,600 October 1 Balance b/d 3,600 Wages September 8 Bank C01 10,000 September 31 Profit Loss 40,000 15 Cash C01 10,000 22 Bank C01 10,000 29 Bank C01 10,000 40,000 40,000 Sales September 30 Trading Account 457,590 September 3 Cash CB01 59,350 September 7 Cash CB01 37,750 September 30 Cash CB01 120,540 September 30 Total Credit Sales SJ01 239,950 457,590 457,590 Purchases September 31 Total Credit Purchases PJ01 295,000 September 31 Trading Account 295,000 Return Inwards September 31 Total for month RI01 26,400 September 31 Trading Account 26,400 Return Outwards September 31 Trading Account RO01 13,600 September 31 Total for month 13,600 Discount Allowed September 30 Total Discount Given to customers 18,175 September 30 P L 18,175 Discount Received September 30 P L 7,500 September 11 Super Supreme International 7,500 Purchases Ledger Super Supreme International September 9 Return Outwards RO01 13,600 September 1 Balance b/d GJ01 10,560 15 Bank CB01 142,500 1 Purchases PJ01 237,040 15 Discount Received CB01 7,500 27 Purchases PJ01 57,960 30 Balance c/d 141,960 305,560 305,560 October 1 Balance b/d 141,960 Sales Ledger J. Simpson September 1 Balance b/d 31,600 September 18 Discount Allowed CB01 12,000 September 5 Sales SJ01 57,000 September 18 Bank CB01 45000 September 30 Balance c/d 31,600 88,600 88,600 October 1 Balance b/d 31,600 N. Kidman September 20 Sales SJ01 104,400 September 30 Return Inwards RI01 9,600 September 30 Balance c/d 94,800 104,400 104,400 October 1 Balance b/d 94,800 B. Banton September 13 Sales SJ01 78,550 September 24 Return Inwards RI01 16,800 September 29 Discount Allowed CB01 6,175 29 Cash CB01 55,575 78,550 78,550 Trial Balance Blanna’s Fashion Boutique Trial Balance as at September 30, 2011 Details Debit $ Credit $ Capital 600,000 Motor Van Buildings 100,000 Machinery 48,000 Stock 24,960 Rent 30,000 Fixtures 65,000 Sales 457,590 Purchases 295,000 Cash 123,075 Bank 239,000 Wages 40,000 Return Outwards 13,600 Super Supreme International 141,960 Electricity 3,300 Insurance 6,100 Rates 2,600 Furniture 3,600 Drawings 6,200 Return Inwards 26,400 N. Kidman 94,800 J. Simpson 31,600 Discount Received 7,500 Discount Allowed 18,175 1,220,650 1,220,650 Stock Valuation (A) Pants Date Received Issued Balance Quantity Unit Price Amount Quantity Unit Price Amount Quantity Unit Price Amount 1-Sep 12 900 10,800 1-Sep 96 1,000 96,000 12 96 900 1,000 10,800 96,000 3-Sep 12 12 900 1,000 10,800 12,000 84 1,000 84,000 5-Sep 12 1,000 12,000 72 1,000 72,000 13-Sep 24 1,000 24,000 48 1,000 48,000 20-Sep 24 1,000 24,000 24 1,000 24,000 27-Sep 36 1,100 39,600 24 36 1,000 1,100 24,000 39,600 30-Sep 24 12 1,000 1,100 24,000 13,200 24 1,100 26,400 (B) Blouse Date Received Issued Balance Quantity Unit Price Amount Quantity Unit Price Amount Quantity Unit Price Amount 1-Sep 12 400 4,800 1-Sep 96 440 42,240 12 96 400 440 4,800 42,240 5-Sep 12 12 400 440 4,800 5,280 84 440 36,960 13-Sep 24 440 10,560 60 440 26,400 20-Sep 36 440 15,840 24 440 10,560 30-Sep 12 440 5,280 12 440 5,280 (C ) Handbag Date Received Issued Balance Quantity Unit Price Amount Quantity Unit Price Amount Quantity Unit Price Amount 1-Sep 4 1,600 6400 4 1,600 6,400 3-Sep 1 1,600 1,600 3 1,600 4,800 7-Sep 1 1,600 1,600 2 1,600 3,200 13-Sep 1 1,600 1,600 1 1,600 1,600 27-Sep 4 1,650 6,600 1 4 1,600 1,650 1,600 6,600 30-Sep 1 3 1,600 1,650 1,600 4,950 1 1,650 1,650 (D ) Skirts Date Received Issued Balance Quantity Unit Cost Amount Quantity Unit Cost Amount Quantity Unit Cost Amount 1-Sep 12 780 9,360 1-Sep 60 820 49,200 12 60 780 820 9,360 49,200 3-Sep 12 780 9,360 60 820 49,200 7-Sep 12 820 9,840 48 820 39,360 13-Sep 12 820 9,840 36 820 29,520 30-Sep 24 820 19,680 12 820 9,840 (E) Slipper Date Received Issued Balance Quantity Unit Price Amount Quantity Unit Price Amount Quantity Unit Price Amount 1-Sep 48 900 43,200 48 900 43,200 5-Sep 12 900 10,800 36 900 32,400 7-Sep 12 900 10,800 24 900 21,600 20-Sep 24 900 21,600 27-Sep 12 980 11,760 12 980 11,760 Trading, Profit and Loss and Appropriation Account Blanna’s Fashion Boutique Trading Profit Loss Account for the year ended September 30, 2011 $ $ $ Sales 457,590 Less Return Inwards (26,400) Net Sales 431,190 Less Cost of Goods Sold: Opening Stock 24,960 Purchases 95,000 Less Return Outwards (13,600) Net Purchases 281,400 Cost of Goods Available 306,360 Less Closing Stock (54,930) 251,430 Gross Profit 179,760 Add Revenues Discount Received 7,500 187,260 Less Expenses Wages 40,000 Rent 30,000 Electricity 4,500 Insurance 5,100 Rates 2,600 Depreciation 400 Discount Allowed 18,175 100,775 86,485 Net Profit Add interest on Drawings: Shadae 620 Less: 85,865 Interest on capital Anna kay 12,500 Shadae 7500 Ovasha 10,000 30,000 Salary: Anna kay 12,000 42,000 43,865 Share of Profit: Anna kay 18,277. 08 Shadae 10966. 25 Ovasha14,621. 67 43,865 Balance Sheet Blanna’s Fashion Boutique Balance Sheet as at September 30, 2011 Fixed Assets Cost Accumulated Depreciation NBV Buildings 100000 100,000 Fixtures 65000 65,000 Machinery 48000 400 47,600 Furniture 3600 3,600 Motor Car 62840 62,840 400 279,040 Current Assets Stock 54,930 Debtors 126,400 Prepayment 1,000 Bank 239,000 Cash 123,075 544,405 Less Current Liabilities Creditors 141960 Accruals 1,200 143160 Working Capital 401,245 680,285 Financed by: Capital 600,000 Net Profit 86,485 686,485 Less Drawings 6,200 680,285 Bank Reconciliation Statement Updated Cash Book Balance b/d 239,000 Bank Charges 65 Credit Transfer 4200 Standing Order 15000 Balance c/d 228,135 243200 243200 Bank Reconciliation Statement as at September 30, 2011 Balance as per Bank Statement 222,535 Add Late Lodgments 45,000 267,535 Less Unpresented Cheque 39,400 Balance as per Cash Book 228,135 Accounting Ratios Inventory Turnover Ratio- Cost of Goods sold Average Inventory/2 =244,470 24960+61890/2 =5. 62 Current Ratio- Current assets Current Liabilities =551365 143160 =3. 85 Gross profit as a percentage of sales- Gross profit x 100 Sales =179,760 x 100 457590 = 39. 28% For every sale of $100 the business earns $39. 28 as gross profit. Net profit Ratio- Net profit / Net sales x l00 =86,485 / 431,190 x 100 =20. 06% For every sale of $100 the business earns $20. 06 as net profit. Acid Test Ratio- Current Assets- Stock Current liabilities = 544,405 54,930 143160 =3. 42 Performance of the Business In preparing the financial statements of Blanna’s Fashion Boutique the Trading, profit and loss and appropriation account shows a profit of eighty six thousand four hundred and eighty five thousand dollar (86,485) at the end of the financial period of September 30,2011. The business started out with six hundred thousand dollar. In the closing of the financial period of Blanna’s Fashion Boutique there was an increase in the amount of capital that the business has. The business made a gross profit of one hundred and seventy nine seven hundred and sixty dollars (179,760) instead of making a gross loss. Comparisons The comparison is being done between the opening capital and the closing capital for Blanna’s Fashion Boutique, at the end of the financial period. At the beginning of the financial year the opening capital was six hundred thousand dollar (600,000). At the end of the financial period the closing capital is six hundred and eighty thousand two hundred and eighty five dollar (680,285) which means there is an increase of eighty thousand two hundred and eighty five dollar (80,285). Another comparison is being done between the fixed assets of the business and the current assets. The fixed asset of the business is two hundred and seventy nine thousand and forty dollar (279,040) while the current asset is five hundred and forty four thousand four hundred and five dollars (544,405). This means that the amount of money that the business spend of items that stays in the business with no intention of selling it is lesser than the amount of money that the business spend on assets that will allow the business to generate a profit. Recommendations and Suggestions It is recommended that Blanna’s Fashion Boutique: Ploughed back a portion of the profit that the business makes into it. Introduces new products to the business. Purchase new equipment for the business Uses some of the profit that the business makes to attach another department on to the business. It is suggested that Blanna’s Fashion Boutique should: Purchase cheaper equipments to use in the business. This will increase the amount of money available in the business. Offer more sale discounts this will force more customers to purchase from Blanna’s Fashion Boutique. Conclusion It is clear that Blanna’s Fashion Boutique keeps all the records of the transactions that take place in the business over the financial period of time. Blanna’s Fashion Boutique could increase the gross profit and net profit of the business by adhering to the suggestions or recommendations outlined. Never the less Blanna’s Fashion Boutique made a good net profit of eighty six thousand four hundred and eighty five dollars (86,485) during the month of September in 2011. Blanna’s Fashion Boutique was able to make a profit due to the large amount of sales the business made. Price list Goods Price Pants $ Blouse $ Handbags $ Skirts $ Slippers $ INVOICE Debit note Principles of Accounts School Based Assessment (2012-2013) You are required to name the firm and state the nature of the business. This must be in accordance with the items sold*. After the initial accounting entries (Tasks 1 -3) have been completed you will then record the additional adjusting entries as set out at Tasks 4 and 5. You may choose goods from the following list for the transactions. * Computer Store Clothes and Accessories Store A Keyboard Pants (guess) B Mouse Blouse (guess) C Printer Hand bags (guess) D Surge Protector Skirts (guess) E Speakers Slippers (guess) ABC Enterprise (Remember that you are to rename the firm) The following transactions were taken from the books of ABC Enterprise. You are required to asses them carefully then write up the relevant books as outlined in the requirements below: 2011 Sept 1Opening Balances Capital$600, 000 Bank$364, 000 Cash$ 27, 160 Debtor (J Simpson)$ 31, 600 Creditor (Super Supreme International)$ 10, 560 Motor Van$ 62, 840 Building$100, 000 Stock 1doz A$ 10,800 1doz B $ 4,800 1doz D$ 9,360 Sept 1Bought goods on credit from Super Supreme International. 8 doz A @ $1,000 each 8 doz B @ $440 each 4 boxes C @ $1,600 each 5 doz D @ $820 each 4 doz E @ $900 each Sept 1Bought Machinery by cheque $48, 000. Sept 2Withdrew $50, 000 cash from the bank account to be used in the business. Sept 3Cash Sales 2 doz A @ $1, 650 each 1 box C @ $2, 950 each 1 doz D @ $1, 400 each Sept 3 Paid rent by cheque $30, 000. Sept 5 sold goods on credit to J. Simpson. 1 doz A @ $1, 650 each 2 doz B @ $800 each 1 doz E @ $1, 500 each Sept 6 Bought fixtures with cash $65, 000. Sept 7 Cash Sales 1 box C @ $2, 950 each 1 doz D @ $1, 400 each 1 doz E @ $1, 500 each Sept 8Paid wages $10, 000 by cheque. Sept 9Returned goods to Super Supreme International as items were damaged. 1 doz A 1 box C Sept 11Paid the following expenses by cheque: Insurance $6,100, Electricity $3,300 and Rates $2,600. Sept 13Sold goods on credit to B. Banton: 2 doz A @ $1, 650 each 2 doz B @ $ 800 each 1 box C @ $2, 950 each 1 doz D @ $1, 400 each Sept 15Made payment to Super Supreme International by cash $150, 000, received a 5% cash discount. Sept 15Paid wages with cash $10, 000 Sept 16Owner withdrew $6,200 cash to fix his personal motor car. Sept 18Collected Cheque from J. Simpson for goods sold on Sept 5th 2011, $45, 000. Sept 19Bought furniture $3,600 with cash from Courts Ja. Ltd. Sept 20Sold goods on credit to N. Kidman 2 doz A @ $1, 650 each 3 doz B @ $ 800 each 2 doz E @ $1, 500 each Sept 22Paid wages with cheque $10, 000. Sept 241 doz D returned to us by B. Banton as they were the wrong size. Sept 27Bought goods on credit from Super Supreme International. 3 doz A @ $ 1,100 each 4 boxes C @ $1, 650 each 1 doz E @ $ 980 each Sept 29B. Banton settled his account less 10% cash discount. He paid with cash. Sept 29 Paid wages $10,000 by cheque. Sept 30 Received goods from N. Kidman: 1 doz B Sept 30Cash Sales 3 doz A @ $1, 815 each 1 doz B @ $ 800 each 4 boxes C @ $3, 000 each 2 doz D @ $1, 400 each Task 1 Write up ALL Subsidiary Books and then post the transactions to the ledgers. Please ensure that you distinguish between, General Ledger, Sales Ledger and Purchases Ledger. Show the opening entries in the General Journal at September 1, 2011. Task 2 Prepare ABC Enterprise Trial Balance as at September 30, 2011 Task 3 Using the FIFO method of stock valuation, determine the closing stock. Task 4 Design a logo and slogan for your business and provide the relevant information on the business entity Prepare ABC Enterprise Trading, Profit and Loss Account for the month ending September 30, 2011 and a Balance Sheet as at that date, after taking into account the following: a) Insurance expense was paid in advance, $1000. b) Electricity was outstanding by $1, 200 c) Machinery is to be depreciated at 10 % annually using the straight line method (show the depreciation for the month). Show adjustment to the above information in the ledgers. Task 5 Prepare the Bank Reconciliation Statement using the Bank Statement below Bank Statement DR CR Balance $ $ $ Sept 1 Balance 364 000 Sept 1 Burke’s (Machinery) 48 000 316 000 Sept 2 SNPN Ltd (Cash) 50 000 266 000 Sept 8 Wages 10 000 256 000 Sept 11 NWC (Rates) 2 600 253 400 Sept 20 Wages 10 000 243 400 Sept 24 Credit transfer (Q Smith) 4 200 247 600 Sept 29 Wages

The Review of In Search of Management by Tony J. Watson

The Review of In Search of Management by Tony J. Watson Introduction The management is the crucial aspect of the organization success. There are a lot of study materials and professional literature on this topic. The book In Search of Management: Culture, Chaos, and Control in Managerial Work by Tony J. Watson is devoted to the problems of the managerial work. The author is the British author and the professor at the Nottingham University Business School.Advertising We will write a custom book review sample on The Review of In Search of Management by Tony J. Watson specifically for you for only $16.05 $11/page Learn More He specializes in the research on â€Å"organizations, managerial work, strategy-making, entrepreneurship, HRM and industrial sociology† (Watson 2013, n.pag.). Professor Tony J. Watson gained his BA in London in 1968, MSc in Loughborough in 1972, and PhD in Nottingham in 1976 (Business school n.pag.). The author published a number of reputable works on management and strategy development. His books cover the topics of his research interests including â€Å"the organization theory and the sociology of work; managerial, entrepreneurial, strategic and human resourcing behavior in organizations; organizational culture; and ethnography† (Business school n.pag.). The works by Professor Watson are highly appreciated by the economists and managers. They are used as the study materials at the business schools as well. Tony J. Watson is the ongoing member of a number of the memberships and fellowships. In particular, he is a member of the Chartered Fellow of the Chartered Institute of Personnel and Development (CPID), the member of the editorial boards of Human Relations, Journal of Management Studies, and Personal Review (Business school n.pag.). He is also an ongoing member of the British Academy of Management (Business school n.pag.). Prof. Watson says that he is â€Å"especially enthusiastic about narrative forms of research reporting as means of teaching and provi ding insights to a range of audiences about the complexities, contradictions, pains and delights of organizational and business life† (Business school n.pag.). In the book In Search of Management: Culture, Chaos, and Control in Managerial Work, Tony J. Watson uncovers the problems of the managerial work from the standpoint of the attitude of the middle managers to their responsibilities and the company, for which they work.Advertising Looking for book review on business economics? Let's see if we can help you! Get your first paper with 15% OFF Learn More The Key Points of Criticism In Search of Management presents the interesting view on the organization’s management as the author analyses the different aspects of the managerial work taking into consideration the responses of the middle class managers regarding their job. It can be stated that the book is unique as the majority of other authors have not considered the problem in this context. In should be noted that the most part of the research on management is based on the quantitative estimation of its quality and efficiency. The central theme of the book In Search of Management is the â€Å"discovery of what management is look like† (Watson 2001, n.pag.). The main goal of the author was to create the book, which would be helpful for the broad range of users. It was a challenging task taking into account the fact that people tended to draw a distinction between the â€Å"academic† books and the â€Å"practical† manuals. It may be no accident that the author decides to present his dialogue with his management fellow. He tries to emphasize that there is a widespread opinion in the managerial community that the management in theory and the management in practice are two rather different concepts and that the academics do not capture the problems of real managerial work in their research quite often. Watson says that he tries to erase this distinction b etween the academic and practical management in his book In Search of Management. The author argues that â€Å"the managers themselves, however much they tend to scorn the very idea of theory, are inevitably theorists of a sort† (Watson 2001, p. 2). In my view, the author has achieved his goal. He masterly applies the theoretical conceptions to the practical issues arguing the strengths and weaknesses of the organization’s management. In addition, Watson’s book is not overloaded with the terminology and, thus, is appropriate for the readers of the wide range. The book is written in the form of a story. The comprehensive language and the structure of the book support its universality. Rosemary Stewart (1994) states in her book review published in The Independent that the book can be described as the â€Å"diary of a professor at work† (Stewart 1994).Advertising We will write a custom book review sample on The Review of In Search of Management by To ny J. Watson specifically for you for only $16.05 $11/page Learn More In Search of Management encompasses the realities of the world of management. Stewart (1994) claims that the book â€Å"is about people and its purpose is to help organizations survive† (Stewart 1994, n.pag.). In my view, these words reflect the essence of the book and its value. The author puts the emphasis on the role of people in organization. That is why he tries to consider the managerial work from the standpoint of the process of communication and collaboration with people. Watson states that the efficiency of management is directly related to how well people inside the organization work together. The concept of the â€Å"team† plays a vital role in his book. Watson tries to prove the idea that the long-term success of the organization is determined by the effectiveness of the team work. In his book, Watson analyses the reasons for failure of the British manufacturing companyà ¢â‚¬â„¢s strategy. Although the employees of the company were rather competent in their work, the company could not progress further and was not able to compete in the market successfully. It seemed that the management lost the direction in the way of its strategy realization. The managers claimed that everyone in the organization had their task and everyone did it well but it did not helped. The author of the book argued that the problem of this company boiled down to the fact that its managers paid too much attention to the philosophical aspect of management. As a result, employees were frequently told about the values and goals of the organization. However, what the company lacked was the sufficient attention to the technical aspect of their work. The commitment of the employees was not enough to improve the performance.Advertising Looking for book review on business economics? Let's see if we can help you! Get your first paper with 15% OFF Learn More In Search of Management is very interesting book, which is worthy to read for both the academics and practitioners. Willmott (1995) describes the book as â€Å"an insightful, eloquent and entertaining account of the complexity, chaos and ambivalence that is so carefully expurgated from the majority of academic textbooks, guru handbooks and scholarly monographs† (Willmott 1995, n.pag.). It should be said that the first edition of In Search of Management was published in 1994. However, the ideas presented by the author remain urgent nowadays. Prof. Watson says that it is not surprising that his book is still popular as the factors influencing the managerial work remain the same. He states that, although the significant changes have occurred in the business world since the time of the first publishing of his book, the nature of the problems, which the managers should solve, have not been changed. Dr. David Potter claims that In Search of Management remains up-to-date as â€Å"t he ideas of Watson still sound very practical† (Potter 2010, n.pag.). Conclusion In order to sum up all above mentioned, it should be said that the book In Search of Management: Culture, Chaos, and Control in Managerial Work by Tony J. Watson represents the important material for study and provides the background for further research. The author touches upon the urgent problems of the managerial work. The central theme of the book is the search of the essence of management. The analysis presented in the work is based on the interviews with the managers of the company. The author tries to explain why the commitment of employees may be not enough to achieve the goals of the company. In spite of the fact that the first edition of the book was published 19 years ago, it remains relevant today. Overall, the book In Search of Management is the interesting work, which I recommend to read everyone, who is interested in management. References Business school. Professor Tony Watson, not tingham.ac.uk/business/liztw.html Potter, D 2010, My Cultural Reflections; Tone Watson â€Å"In Search of management†, culturalchange.co.uk/?p=1088 Stewart, R 1994, ‘Book Review / Diary of a professor at work: In search of management, Tony J Watson; Routledge, pounds 40hb, pounds 12.99pb’, The Independent, 7 September, n.pag., independent.co.uk/news/business/book-reviewdiary-of-a-professor-at-work-in-search-of-management-tony-j-watson-routledge-pounds-40hb-pounds-1299pb-1447296.html Watson, T. 2001, In Search of Management: Culture, Chaos, and Control in Managerial Work, Thomson Learning, London Watson, T 2013, Tony Watson. Nottingham Trent University, uk.sagepub.com/authorDetails.nav?contribId=20125 Willmott, H 1995, In Search of Management: Culture, Chaos, and Control in Managerial Work, http://business.highbeam.com/138396/article-1G1-17231473/search-management-culture-chaos-and-control-managerial

How to Be More Punctual for School

How to Be More Punctual for School Do you seem to be late for school a lot? Do people tease you about it? Do your grades suffer because of it? Does your tardiness annoy your teacher? Being on time is so important for academic success! Learn to improve your reputation and your chances for academic success with these tips for being right on time - all the time! Tips for Punctuality Rethink the meaning of on time. People who are always on time are really people who arrive early every dayand acknowledge that things can go wrong to set them back several minutes. When things do go wrong these students arrive on time!Understand the importance of being on time. Students who are always on time are the people who earn the best grades, win scholarships, and get into great colleges. In the working world, the people who are always on time are the people who get promotions.Get enough sleep. If you have trouble getting out of bed in the morning, then make a serious effort to get to bed earlier. Sufficient sleep is essential for maximum brain function anyway, so you really dont want to ignore this aspect of your scholastic habits.Give yourself a realistic amount of time to dress and groom. You can do this with a simple exercise: Get up early one morning and time yourself (moving at a normal pace) to see how long it takes you to get ready. You may be surprised at the time it takes, especially if you find you have been trying to squeeze forty minutes worth of grooming into fifteen minutes each morning. You can try creating a time management clock. Know exactly when you need to be at your destination and subtract ten or fifteen minutes to establish your arrival time. This will give you time to go to the restroom or chat with friends. What time are you expected to be seated in your homeroom or your first class? If your class begins at 7:45, you should arrive at the school by 7:30 and be in your seat at 7:40.Be open to your teachers preferences. Does your teacher want you to be seated early? If your teacher wants you to be in class before the bell rings, then do so if its possible - even if you dont agree. Dont get angry and blame others if you arent meeting the teachers expectations. Why cause trouble for yourself?Communicate any problems. If your bus is always late or you have to take your little brother to school and it always makes you late, just explain this to your teacher.Listen to traffic news. If you depend on public transportation to get to school, always keep an eye on schedule interruptions.Have a backup plan for you r transportation. If you normally ride to school with a friend, think ahead and plan what to do if your friend gets sick. Set your clocks forward by ten minutes. This is a dirty little psychological trick that many people play on themselves. The funny thing is, it really works!

The ideology of religious studies Essay Example | Topics and Well Written Essays - 1500 words

The ideology of religious studies - Essay Example A look into this concept of ‘servant’ reveals in the Old Testament as well as the New Testament that the servant was called the Servant of the Lord or the Servant of Yahweh. The issues addressed in this book relate directly to the Servant and the person was willing to serve the Lord. The interpretations by early Christian’s is below. Isaiah 42:1-4 talks of the Servant as the chosen often endowed with Yahweh spirit to bring forth judgment to the nations. The Servant will work quietly and unobtrusively until justice is accomplished without failure or discouragement. In Isaiah 49:1-6, the Servant talks about having been prepared by God and ready for the mission to the distant people. The Servant is recognized as Israel in whom God will be glorified. The duty of the Servant, in this case, is to restore Israel and be a light to the surrounding nations. Isaiah 50: 4-9 though does not mention the word ‘servant’ but, implies the state of servanthood. Yahweh w akens him every morning to hear from Him. Isaiah 52:-53:12 implies the suffering servant who is disfigured and despised, and stricken by God. The servant is laid in a felon’s grave. 2. This book of Jonah talks about Jonah’s reaction to the prophetic call. Early Christians took this book as a personal writing by Jonah himself. They consider the book a Midrash and not a historical narrative. They interpreted it this way because Jonah seems to be talking the events as they occur and not something historical. The book is quite unique among the prophetic books as it is not a collection of oracles at all. To early Christians, this book aided them in spreading the essence of true miracles as performed by God. 3. In Genesis 22, Abraham is seen binding his son Isaac for sacrifice. Though the Angel of God prevents him to, his faith in God is surely affirmed. To early Christians, this was a clear indication pointing towards the sacrificial body of Jesus Christ who was to be naile d to the cross for the redemption of man. Of particular interest is the use of the lamb in place of Isaac which is taken as Jesus Christ in place of us. Further, they interpret that the faith Abraham had in God was definitely able to raise Isaac from the dead had he sacrificed him. Consequently, Abraham’s willingness to give out his only son is an indication of the sacrifice God made through His Son Jesus Christ who died to save us. The Early Christians also believed that Abraham went to Mt. Moriah where he bound Isaac and this same Mount is where Jesus Christ was bound and crucified i.e. at Calvary. 4. First, the beginnings are distinctive. The gospels of Mathew and Luke begin their accounts with the story of Jesus’ birth while Mark begins the story of Jesus with the ministry of John the Baptist. The Gospel of John is the most unique as it talks of the Trinity presence at the beginning of creation with everything having been created through the word which is Jesus Chr ist. Secondly, in the Gospels by Mathew, Mark, and Luke, the teachings of Jesus are highlighted through the preaching of the Kingdom of God while in the Gospel of John, the message is mainly presented in terms of eternal life and resurrection. Thirdly, the Gospel of John presents the teaching of Jesus in long conversations while in the other ones the teachings are usually found in parable forms.

The effects of physical activity and exercise on primary school Essay

The effects of physical activity and exercise on primary school childrens academic performance - Essay Example Children in primary schools confront health problems and the present concern in the commonness of childhood obesity has turn out to be one of the most pressing concerns in the Western world today, particularly in the United States. The effects of physical activity and physical education as such on the body can stimulate different parts of the brain, have positive effects on academic performance, and direct children towards a lifestyle that it physically fit and healthy. This kind of education in a sense is balanced since all three dimensions, namely, cognitive, emotional and psychomotor are developed, and one dimension does not take primacy over another. In relation to this, there is a twofold objective to this paper. The first objective is to review related literature on the effect of physical activity or physical education in primary schools to children’s academic performance. And second objective is to present strategies and concepts that specialist in physical education can put into practice with classroom teachers to introduce short sessions of physical activity and exercise into the school day to enhance physical education. Even though several classroom teachers believe physical activity and physical education is not that important, dedicated professionals in physical education, in opposite to the myth, can be effective in helping them acknowledge the significant contribution of physical activity and exercise in achieving and maintaining good health and improving academic performance. Studies examining findings from roughly 50,000 students between the 1960s and 2006 have investigated the relationship between physical activity and academic performance. A number of those studies discovered that consistent participation in physical activity is related with enhanced academic performance. Eight health

Post Implementation Review of Concur

Post Implementation Review of Concur 1. PURPOSE OF PROJECT CHARTER The purpose of the project charter is to setup the guidelines on which the entire project will go on. Project charter is basically to set the scope, budget, time and technology that will be used in the project after the discussion between client and team members. so, the post implementation review of concur will be done to assess whether extended destinations will meet, to decide how adequately the project will run and to learn lessons for the future, and to ensure that it will be beneficial for concur customers and users to get the conceivable advantage from the project.. Concur was developed by sniff and was further purchased by federation university and they use it for their staff which provides an estimate price for the travel expenses by getting feedbacks from the current users. when it regards to business travel and cost coordination it means everything. So with Concur our business travel and costs are coordinated by giving us a superior client encounter more precise information and wealthier answering to help us to settle on better choices and increment strategy control while sparing time and cash. There travel booking tools gives them arrangement worldwide travel content that is effortlessly open and constantly accessible from any place on the planet. Travelers have an expansive choice of travel decisions in light of corporate arrangement and individual traveler inclinations. Travelers can rapidly book local and global flights and reserve a spot for rental autos, hotels and trains. Once the trip is reserved travelers can oversee trip subtle ele ments like flight delay, cancellationÂÂ   and baggage claims.. Individual can do all these things in a single place. Concur also offer an web application to manage the trips. Concur make the record of all the bills like cab fare, air fare, hotel booking and food bills. There are several apps that are partnered with concur like Uber, Starbucks and they send their bill receipts directly to the Concur app which helps the user to take control of their expenses. 1. BUSINESS NEED IMPACT Concur system helps the people in making their travel easier by giving them the fair idea of the expenses before making a travel. Concur also helps in booking hotels, cabs, air tickets so that the traveler can travel without any worry and can make the arrangements on the spot. This helps business companies to grow while collaborating with Concur by increasing their customers. 2. STRATEGIC ALIGNMENT Project goals: Goal 1: Document the system impact and how it meets the objectives of the relevant stakeholder groups Goal 2: the major problem faced by concur team to deal with software .Its very complicated for the workers to work on this software. Goal 3: Identify the Concur glitches like after the completion of trip, some of the customers are getting e-mails to clear their dues which are already paid by customer. Goal 4: Update Concur with customer requirements like some customers recommend to stay in 3 star hotel rather than 5 star to save their money and some ask to use new technology updates. Goal 5: Address stakeholder and end-user needs 1. OBJECTIVES The objectives of the post implementation review of Concur are as follows: Better customer satisfaction in customer requirements, booking services, real time solution , real time updation in increased air fare and more options to select. Make required update in Concur solutions of problems that are faced by customers Data Analysation to get more correct expense estimate for the trip to be travelled in future. 2. HIGH-LEVEL REQUIREMENTS Req. # I Requirement Description 1 The project should match stakeholders requirements 2 The project should make Concur in control and reduce future risk 3 Identify the impact of Concur implemented 4 Based on the objective facts, judge the system shortfalls 5 Conduct user review and feedback of Concur system 6 Conduct further training and coaching of Concur system 1. TIMELINE Time Activity 08/03/2017 Project begins and weekly activity report start 15/03/2017 Meet with client 25/03/2017 Project charter approved 05/04/2017 Meet with client 07/05/2017 Project progress report approved 18/05/2017 Meet with client 27/05/2017 Team presentation 30/05/2017 Final project report approved 06/06/2017 Individual report 2. KEY MILESTONES Key Milestones Estimated Completion Timeframe Project team formed 28/02/2017-07/03/2017 End-user interview 08/03/2017-30/05/2017 Concur system research 08/03/2017-30/05/2017 Project charter approved 12/03/2017-26/03/2017 Project progress report 02/04/2017-07/05/2017 Team presentation 08/05/2017-27/05/2017 Final project report 08/05/2017-30/05/2017 Project released 30/05/2017-04/06/2017 1. ASSUMPTIONS Projects are actually judged against two parameters: How it is well defined? How well defined are methods to achieve it? Project should be divided in three structures Product breakdown structure Organization breakdown structure Work break down structure For good objectives it should meet following criteria. Outcome Oriented: Speaks to important changes in basic threat and opportunity figures that influence project goals. Measurable: Characterized in connection to some standard scale (numbers, rate, parts, or all/nothing states. Time Limited: Should be achievable within aÂÂ   given period. Specific: Clearly defined so that all people involved in the project have the same knowledge of what the terms in the objective mean . Practical: Appropriate or achievable within the context of the project and in light of the social and financial context. 2. CONSTRAINTS Sometime the roles of team member changes if they cant handle the problem Less training or knowledge of team to understand the project. The analysis report given to client not accepted in case demand changes. Policies selected for accomplishing the goal not liked by the client. Project managers having difficulty to handle team and client because of less experience. 3. RISKS Unreal expenses documents submission by the current users. Change in government policies. Hike in airfares and other traveling aspects. A delay in one task deteriorates the quality of project. Time and budget management risk. Risk Category: Requirement Risk Requirement not fully known at project start Not deliver the expected results to the client Risk Category: Project Management Risk Priorities changes while working on project Sometime same resources required at same time Success criteria not well defined Risk Category: Product/Technology Risk Market competition with the similar softwares. Update in technology may result in budget risk. Technology selected to achieve project goal is poor. Including extra analysis method that are not required. Risk Category: Customer Risk Customer demand new requirements under the given time. Customer not accept the proposal Customer force to work different technology rather than previously used. Client not supportive. 1. ROLES AND RESPONSIBILITIES This section describes the key roles supporting the project. Person Role Responsibility Fiona Bryant (client) Client Provide information about concur to the team and share problem faced while working with concur. Surjeet singh (team member) Project manager Deliver the project to client expectations, Monitor and report to client on project progress, Advise client if project appears to be in danger of non delivery, control project scope and time, keep contact with team members for their working progress and difficulties, contact coordinator if client is unavailable; Work on plan and write project report of every part of the project with other team members, provide the report to client and supervisor. Taiwo Oseni (Supervisor) Coordinate project Give advice if client is unavailable, help the team to finish the project, help team members contact client if the team loose contact with client, balance the project requirement between team members and client, get project working process and project report from project manager and give advice. Harman (team member) Risk manager, researcher Control the project risk, support/provide responsive action for every times risk if happen; Work on plan and write project report of every part of the project with other team members, , discuss the project report detail with other team members; Amrit (team member) Documenter, Interviewer Work on plan and write project report of every part of the project with other team members, discuss the project report detail with other team members; discuss the client requirement with other team members and how to achieve the requirement; Interview end-user to get system feedback, check the coaching process and training materials Xinwen Hu (team member) Main documenter Execute issue management process when issues happen, Work on plan and write project report of every part of the project with other team members, discuss the project report detail with other team members, integrate all members report and provide it to project manager; Researching and help team members to get useful resources. 2. STAKEHOLDERS (INTERNAL AND EXTERNAL) Stakeholder Interest / stake Importance Fiona Bryant (Client) Make Concur able to use High Project manager Manage project , satisfy client ,fix meetings. Medium Team members Work on project, satisfy client Low Taiwo Oseni (Supervisor) Help team member finish the project Medium FedUni End-user Skilled to use Concur easily High The undersigned acknowledge they have reviewed the project charter and authorize and fund the post implementation review of Concur project. Changes to this project charter will be coordinated with and approved by the undersigned or their designated representatives. Signature: Date: Print Name: Title: Role: Signature: Date: Print Name: Title: Role: Signature: Date: Print Name: Title: Role:

Christopher Columbus Essay Essay

Good Guy or Bad Guy? â€Å"Columbus Day Controversy†, written by Nanette Croce, is a non-aboriginal perspective on the controversy concerning whether or not Columbus Day should be celebrated. The articles states that many Native American decedents and their supporters believe that by celebrating Columbus Day, the entire country is joining in celebrating the genocide of millions of native people in North and South America. An annual Columbus Day celebrations started in Colorado as a period of hope for Italian-Americans. The author argues that while she sees how the Native Americans could be offended, the celebrations aren’t about Columbus. He is merely a symbol to the Italian-American community showing Italy’s past accomplishments. Though the article is more about the significance of Columbus Day to Italian-Americans, I can concur that Christopher Columbus was more bad then good. The article states that â€Å"it was not my peoples’ finest hour†. The author believes such as Italian-Americans have Columbus Day, the natives Americans deserve a national holiday for a Native American hero because in reality the Natives were here years before Columbus stumbled upon Hispaniola. In conclusion, I do not believe Columbus deserves a city, much less a whole day of celebration. If I had lived in his time, his actions still wouldn’t have been morally acceptable. Columbus has been given too much credit, especially because not only was he looking for Asia but there were natives living there for years before Columbus got there. I believe, even with his immoral actions, Columbus Day will still be celebrated because of his significance.