Reporting Practices and Ethics Essay Example for Free

Reporting Practices and Ethics Essay The four elements of financial management are planning, controlling, organizing and directing, and decision making. These four elements will be defined and explained in this paper. Also emphasized will be the accepted accounting principles and the general financial ethical standards. Examples of ethical standards of conduct and financial reporting practices will be explored and notated in this paper as well. All of these points are important in the accounting practice of health care management to help the organizations run smoothly and to be financially stable. Four Elements of Financial Management Planning lets a health care organization set goals and guidelines to make sure their office is a success and that all accomplishments are met. Controlling is ensuring that all areas within the healthcare organization are following goals and guidelines set and gives the organization the opportunity to prepare for any issues that may arise. Organizing and directing ensures that the health care organization is working to its potential and allows them to work on a day to day basis and fix any issues that may be looming. Lastly, decision making works off all of the other elements (planning, controlling, organizing and directing) by collecting information and making the final decisions on how the financial management will work. General Accepted Accounting Principles â€Å"The common set of accounting principles, standards and procedures that companies use to compile their financial statements. GAAP are a combination of authoritative standards (set by policy boards) and simply the commonly accepted ways of recording and reporting accounting information† (Generally Accepted Accounting Principles , n.d.). Even with GAAP being a set of  standards, there are still companies that will finagle numbers on their financial statements, so their financial statements will have to be scrutinized tremendously. General Financial Ethical Standards â€Å"Ethical standards are determined largely by professional accounting and finance organizations and the Financial Accounting Standards Board. Small-business owners who plan to perform their own accounting services or hire accountants should be aware of accounting principles and general financial ethical standards so they can maintain a positive reputation for their businesses† (Morley, n.d.). Competence is one of the ethical standards that is key for a financial officer to uphold in an organization. Financial managers should follow the GAAP and stay up to date with its guidelines. They should also uphold honesty and integrity. Examples of Ethical Standards of Conduct Ethical standards of conduct is a set of standards that each company sets for themselves. There is no consistent standards of conduct for a business, but they must include, promoting values, trust, good behavior, fairness, and kindness. They are not easily enforceable and are always open to interpretation. For example, men and women should be treated equally or treat the patient with respect. Nightingale Home Healthcare code of ethics are direct and descriptive. Some of their ethical standards of conduct are listed as: â€Å"all business conduct should be well above the minimum standards required by the law, each employee is responsible for the consequences of his or her actions, each employee must be the guardian of Nightingale’s ethics, leaders at Nightingale have extra responsibility of setting an example by their personal performance and an attitude that conveys Nightingales ethical values, our first responsibility is to the patient and patient’s families that we p rovide our services† (Corporate Social Responsibility-Code of Ethics , n.d.). There are numerous points of their code of ethics but they serve a purpose and that purpose to make sure their company is ran efficiently and respectfully. Financial Reporting Practices â€Å"A distinguishing characteristic of high performance organizations is a strong internal control structure-controls that ensure patient care,  compliance with regulations, internal efficiencies, and financial reporting. It is controls on financial reporting that are receiving a great deal of attention under a new law, the Sarbanes-Oxley Act of 2002. Public companies are now required by law to document controls over financial reporting, in order to fully address exposures and the effectiveness of current controls. Though many healthcare organizations are not directly affected by the law, regulatory agencies could follow suit and require similar compliance. In fact, several states have introduced bills that require nonprofit organizations to adhere to portions of the act. This article provides a guide for organizations desiring to stay ahead of the curve† (Godwin Mueller, 2005). Significance The significance of these examples are that there are ethics that need to be followed within any organization but in a healthcare organization it is extremely important because you handle patients and to ensure the comfort of these patients, a code of ethics need to be enforced for the organization. It is also important to ensure that financial reporting is done, so all finances stay up to date on a legal manner. It helps to show revenue, liability, and expenses and helps control the business effectively. References Corporate Social Responsibility-Code of Ethics . (n.d.). Retrieved from Nightingale Home Healthcare : http://www.homecareforyou.com/about/code.html Generally Accepted Accounting Principles . (n.d.). Retrieved from Investopedia : http://www.investopedia.com/terms/g/gaap.asp Godwin, N., Mueller, J. (2005). Fiancial Reporting Practices: A Comprehensive Evaluation. School of Accountancy, Auburn University. Morley, M. (n.d.). Accounting Principles and General Financial Ethical Standards . Retrieved from Small Business Chronicle: http://smallbusiness.chron.com/accounting-principles- general-financial-ethical-standards-36283.html

Censorship Laws and Practices in China Essay -- Internet Cyberspace Ce

Censorship Laws and Practices in China Introduction China joined the global Internet age in 1994, and has been commercially available since 1995. Since then, Chinese Internet usage has seen explosive growth, doubling every six months, and the number of online users is only second to the US. The Internet age ushered in the information age with a new world of freedom and expression for the Chinese. However, soon after its inception, the Chinese government has reined in the free wheeling Internet users and has imposed new laws and restrictions to access and content on the Internet. It is interesting to note that some of the new Internet regulations contradict International Laws signed by the Chinese government. China signed the International Covenant on Civil and Political Rights in 1998 that states that â€Å"Everyone shall have the right to freedom of expression; this right shall include freedom to seek, receive and impart information and ideas of all kinds, regardless of frontiers, either orally, in writing or in print†¦or through any other media of his choice†. Overview of China’s Internet Censorship Practices Since the internet's inception in China, regulations have been in place in order to protect â€Å"state secrets†. The first such law was the â€Å"Safety and Protection Regulations for Computer Information Systems†1 put into place in 1994. This law opened the door for monitoring of Internet usage for criminal and other activities. In 1997, the â€Å"Computer Information Network and Internet Security, Protection and Management Regulations† strengthened the monitoring by requiring all Internet Service Providers in China to turn over monthly Internet traffic data to government’s Public Security Bureau. The new millennium ushe... ...lobal: Censorship On The Rise- Freedom House Study Finds More Government Efforts To Curb The Net http://www.itaa.org/isec/pubs/e20007-5.pdf 6.Rights & Democracy- Review of China's Internet Regulations and Domestic Legislation http://www.ichrdd.ca/english/commdoc/publications/globalization/legislationInternetChinaEng.pdf 7.A Gift of Fire, A: Social, Legal, and Ethical Issues in Computing, by Sara Baase 8.Internet Privacy http://www.e-businessethics.com/internet.htm 9.China's Cyberwall Nearly Concrete http://www.wired.com/news/politics/0,1283,56195,00.html 10.Chilling Effects of Anti-Terrorism http://www.eff.org/Censorship/Terrorism_militias/antiterrorism_chill.html 11.Control of the Internet in China, by Keasha Martindill, November 2013 http://journalism.berkeley.edu/projects/chinadn/en/archives/Control%20of%20the%20Internet%20in%20China.doc

Hrm Case Essay

Case Summary Randstad, employment agency, has taken a distinct approach in staffing its personnel into partnership teams. Employees are partnered up into teams of two, typically one from Generation X and the other from Generation Y. The extreme age gap between team members has proved to be a success for the organization, because both individuals can learn from one another. Despite the fact that one team member may have more experience than the other, all members of the team are each other’s equal. The members’ tasks are constantly alternating, â€Å"each week one person is out making sales calls, and the other is in the office interviewing potential workers and handling paperwork† (Noe, Hollenbeck, Gerhart, et al, 2010, p. 264). As a result, this team based of approach of staffing older experienced personnel with younger developing staff members has increased the organizations retention rate and productivity levels (Noe, Hollenbeck, Gerhart, et al, 2010). Questions 1. Personnel selection decisions typically are based on the fit for one person for one job. In what way does Randstad’s use of partnership teams alter the typical way one might think about selection decisions? While other organizations are looking for particular characteristics in an individual for a single position, Randstad is looking for meticulous characteristics and qualities that are going to be complimentary with the other member. In addition, Randstad must also ensure that candidate has the proper qualities and skills to successfully complete the position’s tasks. Randstad has to look at the selection process as fitting two puzzle pieces together, finding the proper fit. Just because an individual is good for the position doesn’t mean that he or she will be a good pair with the member. The human resources staff must carefully find the proper â€Å"ying and yang† to each team that is set up. 2. What are some personal characteristics that might be viewed positively when staffing a single job, but that might actually be viewed negatively when staffing partnership teams? When staffing a single job, a positive characteristic to look for is an individual who regularly uses â€Å"I† in his or her statements (Noe, Hollenbeck, Gerhart, et al, 2010). This type of response indicates the individual possess some form of accountability which is imperative for an employee who will be working alone. However, this characteristic isn’t necessarily functional for staffing partnership teams where communal behaviors are necessary to be successful. In addition, an aggressive competitor might be ideal for a single position because it shows that the employee will be productive and eager to achieve and exceed goals. This characteristic is not ideal for a partnership position that works together as one unit. Because an individual is naturally competitive by nature, he or she might not be willing to stand back and be lead by the other team member. 3. Randstad deliberately creates variance in age when forming partnership teams. In what ways might younger workers and older workers be in a position to uniquely support each other when working in sales teams? Having a variance in age when formulating partnership teams creates an advantage and allows both individuals to uniquely support each other. The experience and wisdom of Generation X can be shared with Generation Y. There are many obstacles that the team member can guide their partner through because they have encountered similar situations and issues in the past. In addition, the younger individual can incorporate a sense of modernization into the team. The case study touched on a particular situation where Benjamin suggested they begin to use the electronic payroll system (Noe, Hollenbeck, Gerhart, et al, 2010). This example illustrated a scenario where the younger team member was able to bring a efficiency to the team. In addition, the case study mentions that the partnership allows younger team member to see the â€Å"corporate world more personal, approachable† (Noe, Hollenbeck, Gerhart, et al, 2010, p. 264). 4. Other than age, what other types of traits or abilities might one want to see when creating variance in partnership teams? Besides age variance as being the distinct characteristic in a partnership team, there are a few other traits or abilities that can be used to create variance in a team. Culture is a great foundation for setting up successful teams. Diversity in culture can have many positive influences in a team environment. The distinction in mannerisms and values can be shared between teammates. Background experiences can be another bases for establishing partnership teams. Teammates that have different experiences and knowledge can assist one another in accomplishing goals successful. For instance, one team member might be very knowledgeable in areas of technology and the other individual might be well informed with the company’s policies and procedures. Both individuals together can be a unique and complimenting arrangement. References Noe, R., Hollenbeck, J., Gerhart, B., & Wright, P. (2010). Human Resource Management: Gaining a competitive advantage 6th Ed. New York, USA: McGraw-Hill

A Brief History of Baseball in Italy

The Complications Associated With Diabetes Mellitus ( Dm )

Abstract This paper explores the complications associated with Diabetes Mellitus (DM) including altered tissue perfusion. Altered tissue perfusion occurs as a result of DM and can cause many complications such as diabetic foot ulcers. Although altered tissue perfusion is not the only cause of ulcers, it contributes to the acceleration and degeneration of tissue once an ulcer forms. This paper also covers nursing diagnoses, individualized nursing interventions, patient and treatment goals as well as evaluation of outcomes, associated with an actual patient. I was able to treat a patient with hyperglycemia within my critical care clinical experience. It also covers the psychosocial concepts that influence teaching readiness, growth and†¦show more content†¦Small arteries in diabetic patients experience changes due to increased atherosclerosis. Tissue perfusion depends upon fasting plasma glucose and fasting insulin levels which are also dependent upon how sensitive the patien t is to the insulin. Increased permeability to large molecules such as albumin is increased in diabetes, which can be associated with hyperglycemia (Levy, et al., 2008). Studies have shown patients with type 2 diabetes experience decreased coronary flow which is related to hemoglobin A1C and fasting plasma glucose levels (Marketou, et al., 2008). Mild insulin resistance can also be associated with a decrease in coronary flow. In addition, a decrease in myocardial perfusion in diabetic patients is related to decreased blood flow. An impairment in peripheral circulation leads to ischemia, which is associated with pain in the lower legs called intermittent claudication, which may result in lacerations of the feet (Levy, et al., 2008). Peripheral vascular disease (PVD) can cause thrombosis of the arteries causing tissue death. Gangrene from Diabetes Mellitus (DM) can lead to amputations beginning in the toes and moving into the foot (Lemone, Burke, Bauldoff, 2011). Diabetes Mellitus is a chronic disease that has become an epidemic as it effects more and more the population each year. DM is a group of metabolic diseases, stemmed from the Endocrine systems, characterized by hyperglycemia

Essay on Case Study-Whole Foods - 1284 Words

1. Whole Foods creates a narrow market niche by catering to the special needs and tastes of the consumer, thus, creating a differentiation-based advantage over competitors. By taking actions to acquire Wild Oats, Whole Foods has gained the competitive edge in the marketplace. 2. Recent developments and conditions in the natural and organic food industry can put a strain on the vision and strategy that John Mackey first set out to accomplish. However, part of a good business strategy is to be able to adjust and change with development or restrictions by government standards. 3. John Mackey does have a good strategic vision for Whole Foods. He has the ability to grow the business with such profitability and foresee what†¦show more content†¦This coupled with satisfied employees give way to everyone becoming loyal to Whole Foods. The company’s website has numerous videos of consumers boasting about the stores and remaining loyal to Whole Foods despite protesters for any given reason. There are also videos of employees explaining how good the company has been to them and therefore they remain loyal in the face of adversity. John Mackey also plays on the importance of giving back to the community and helping those less fortunate than his loyal customers, helping the agriculture industry, maintaining good environmental practices, and giving respect to his trade partners. The combination of these core values contribute to the company’s success. 5. Whole Foods, according to Exhibit 9 and 10, obviously is performing well from a financial perspective. The real numbers that tell the story lie in the years that follow from 2008 to the present. The stock prices in 2007 were $48.96. It took a drastic dip in 2008, at the start of the recession, were stock was $20.03 per share at the end of the fiscal year. It jumped a bit in 2009 to $30.49. The stock currently is $38.60 a share, still not where it was 3 years ago. 6. .From a strategic perspective Whole Foods is performing very well. Management has clearly defined the goals to grow the business making their vision a reality. They have created loyal customers by educating them on the healthier ways of eating,Show MoreRelatedWhole Foods Case Study1568 Words   |  7 PagesNick Zawisa Strategic Management September 23, 2010 Case Study: Whole Foods Market Since 1980, Whole Foods Markets has grown from a small local store in Austin, Texas, to the largest retail chain of natural and organic foods in the United States. Whole Foods has been leading the natural and organic foods movement across the United States, working to gain acceptance among the growing number of consumers interested in eating healthier foods. The company has built a reputation for being selectiveRead MoreCase Study Whole Foods1155 Words   |  5 PagesCase Study assignment 1. What are the chief elements of the strategy that Whole Foods Market is pursuing? Fresh natural and organic foods and products with no preservatives or artificial ingredients. Promote healthier eating/lifestyle and increasing consumer knowledge/education of food safety, environment and how pesticides affect the land as well as the human body. 2. Is the strategy well matched to recent developments and conditions in the natural and organic foods segment of the food retailingRead MoreCase Study(Whole Foods)1481 Words   |  6 Pages1.) The Whole Foods strategy seeks to provide products of the best quality to its customers by maintaining high standards that the farmers, organic growers must match. The strategy also involves providing best tasting food and foods that are fresh, wholesome and safe to eat. It also involves promoting organically grown foods to exercise their influence on the people and the industry. 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Whole Foods has six core values that drive its company and they include; selling the highest quality natural and organic products, satisfying and delighting customers, supporting their Team Members (Whole Food Employees) happiness and growth, creating wealth through profits and growth, caring about the communities and our environment, creatingRead MoreWhole Foods Inc Case Study1200 Words   |  5 PagesIntroduction Industry Overview The Whole Foods Inc was founded in 1980 by john Mackey, from a local supermarket store on safe grocery. Since then, it has grown into the world’s largest retail store all kinds of organic and natural foods. As of 2004, the annual sales were recorded as $8 billion. It has approximately 264 stores in the USA, 6 in Canada and 5 in the United Kingdom (Thomson, 2010). The headquarters are located on an 80,000 square feet flagship store in Austin, Texas. 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Case Study Essay1200 Words   |  5 PagesAccording to the Whole Foods Market Inc. case, study shows that Whole Foods Market is an American supermarket chain exclusively featuring foods without artificial preservatives, colors, flavors, sweeteners, and hydrogenated fats. It is the United States first certified organic grocer, which mean s it ensures, to National Organic Program standards, organic integrity of the heterogeneous products from the time they reach stores until they are placed in a shopping cart. Whole Foods Market Inc. openedRead MoreWhole Foods Operations Management Case Study1794 Words   |  8 PagesWhole Foods Operations Management Case Study Assignment With the launch of the 365 brand, Whole Foods is hoping to target and bring in a younger, more hipster demographic of customers. Their hopes are that these younger, more price sensitive shoppers will grow with the brand, become accustomed to the organic, GMO-free selection, and will transition into customers of the regular, more expensive, Whole Foods stores as they grow in their careers and begin making more money. The most important challenge

History B Assignment free essay sample

Share Click the blue box in the upper right corner. Click Change and select Anyone with the link can edit Click Save, then Done. 4. Us bomb Copy the link and submit assignment to Gradation. Examine this prompt, then type your response below: Americans have often had to balance the need for national security with the need to protect peoples rights and freedoms. In times of crisis, rights are sometimes limited. Beginning in the late sass, the Cold War dominated American life.For a number of years, the nation was in the grip of a new Red Scare. Although the hunt for communists did catch some spies, it also disrupted the lives of thousands of innocent Americans. The following list displays the actions taken by the Truman administration to address the public concern about domestic communism: President Truman created a Federal Employee Loyalty Program in March 1 94 7. The order permitted the FBI and other government security agencies to screen fee real employees for signs Of political disloyalty. We will write a custom essay sample on History B Assignment or any similar topic specifically for you Do Not WasteYour Time HIRE WRITER Only 13.90 / page The Truman administration also used the 1 940 Smith Act to cripple the Com insist Party in the United States. This act made it unlawful to teach or advocate the violent overthrow of the U. S. Government. Congress joined in the search for communists. In 1938, the House of Repress natives had created the House Americana Activities Committee (HUGH) to investigate pop Seibel subversive activities by fascists, Nazis, or communists.