Personal Swot Analysis Leadership Skills - 1367 Words

To answer this question, I carried out a personal SWOT analysis as follows Strengths †¢ Eloquent †¢ Very ambitious †¢ Excellent writing skills †¢ Smart working †¢ Good team player †¢ Honest worker †¢ Do not need push to follow through with some things Weaknesses †¢ Not strong at multi-tasking †¢ Not very good under pressure †¢ Lack good leadership skills Opportunities †¢ I can get a good job †¢ I have enough room to learn from the experience of colleagues †¢ Have good opportunity to work with people and learn leadership skills from them Threats †¢ Adapting in a new environment †¢ How do I manage under pressure 2.2, 2.3 and 2.4 Development plan for the skills needed To create a development plan for myself, I carried out a skills audit so as to determine the gaps. Skill area Skill level Skill gap Time management I can effectively manage time and also meet up with datelines I get really stressed under pressure Written communication I can confidently communicate in writing Can be improved on Verbal communication I have excellent verbal communication skills Teamwork I work well with other people The problem that arise in working in a team does not always come from me Problem solving I can identify the key feature of problems. I can identify the solutions, options. I think creatively think about problem and plan and implement proper course of action. Leadership I am not very confident about leading others I find it difficult to persuade others to do something presentationShow MoreRelatedMy First Year At Pacific Lutheran University Essay1726 Words   |  7 Pageswhat I wanted to do as a career. I am an individual who has little experience of the working world. Being a sophomore student, living at home with my parents and never have had a job, this may have contributed to my lack of awareness of the amount of skills that I will need for my career and not knowing what I like or dislike in a work place. After several months of contemplating back and forth and talking to many individuals, I decided I wanted a career in accounting. A career in accounting fits whoRead MoreSwot Analysis : My Personal Swot1746 Words   |  7 PagesIntroduction: This paper is my personal SWOT analysis. The SWOT analysis discusses four specific categories to evaluate a project, situation or in my case my personal and professional life (Hay, Castilla, 2006). In this analysis I will look at the strengths, weaknesses, opportunities, and threats that I need to address in my life. The concept of this type of analysis is a great way to find out ways to improve, but at the same time is a difficult task for someone like me who has a hard time outwardlyRead MorePersonal Swot Analysis1420 Words   |  6 PagesSWOT Analysis:Evaluate Your 7 Strengths 7 Weaknesses When speaking about a SWOT Analysis, this is a way of doing some serious self-reflecting and figuring out what your internal as well as external strengths and weaknesses are. Think of it as a pro and con list about you! SWOT stands for strengths, weaknesses, opportunities, and threats. While we are hesitant to use the word â€Å"weakness† as it is very negative, using the word â€Å"shortcomings† doesn’t make as catchy an acronym (SWOS) as SWOT! Read MoreLeadership Questionnaire For Becoming A Leader1261 Words   |  6 PagesLeaders are decision makers, communicators, managers, and organizers and possess technical and emotional capabilities (Moodie, 2016). A leadership questionnaire can assess the quality, attributes and improvement needed to be a successful leader. The leadership questionnaire available at Mind Tools provides a questionnaire as to How Good are your leadership skill resulting in a score of 76 out of 90 possible points. The area that improvement was indicated was being a good role model includes leadingRead MoreSwot Analysis on My Preparation for Phd in Managment1332 Words   |  6 PagesSWOT ANALYSIS Simeon Salakpi 6 PhD in Management Leadership and Organizational Change SWOT ANALYSIS Introduction In general, SWOT Analysis is applied to strategic planning for a firm of some kind. In order to successfully earn my PhD in Walden University, I should have a strategic plan analyzing myself with respect to my academic strengths, academic weaknesses, opportunities for achieving my goals and threats to achievingRead MoreCase Study : Job Management1284 Words   |  6 PagesHarry?s management skills are being discussed within the top management meeting. The pending decision is Harry ready to be promoted from middle-level management top management level? The top management team is analyzing Harry?s conceptual skill versus human skill. According to Daft, a top manager must have the ability to have conceptual skills to have a decision making strategies and a wide view of the organization (Daft, 2014, pp.12). A manager must the ability to have human skills which has the abilityRead MoreLeadership Theories Of The Nhs Leadership Essay1652 Words   |  7 PagesThis reflective essay is based on the personal SWOT (Strength, Weakness, Opportunity and Threats) analysis, to examine my leadership potential. It will define leadership within context of the NHS leadership as well as highlight some of the current incidents relate to poor leadership. Additionally, it will briefly discuss some of the relevant leadership theories that can be applied to nursing practice whilst exploring my own leadership style. Lastly, this essay will reflect the scen ario from practiceRead MoreEvaluation Of An Authority- Compliance ( 91 ) On The Leadership Grid1202 Words   |  5 PagesYoung?s behavioral perspective would be describe as an authority- compliance (9,1) on the Leadership Grid. According to Northouse, authority ?compliance is an all task approach that is not reasonable when changing the painting department at the hospital. Young?s new behavioral perspective is now Team management (9,9) on the Leadership Grid. Team management is refers as a leader who is ? stimulates participation, acts determined, gets issues out the open, makes priorities clear, follow through, behavesRead MoreRelationship Between Leadership And Organizational Culture809 Words   |  4 PagesRelationship Between Leadership and Organizational Culture The team manager often talks with the team about her beliefs in constant personal improvement and high productivity so that her team can stand out and have an excellent resume’ when they are ready and willing to move into a different role at Humana. She encourages the team to learn about the many different areas of the company and focus on where they would like to go inside the company. The culture of this organization is fast-paced andRead MoreThe Current Incidents Of Poor Leadership Within The Health Service Essay1650 Words   |  7 Pagesessay aims to define and analyse the leadership within the context of the NHS and specifically in the nursing profession. Further, this assignment will highlight some of the current incidents of poor leadership within the Health service. It will then briefly discuss some of the leadership theories whilst exploring my own leadership style along with rationale. SWOT (Strength, Weakness, Opportunity and Threats) analysis will be conducted to identify my leadership potential, which will be included in

Analysis Of The Movie 300 The Battle Of Thermopylae

In Zack Snyder’s 300, the battle of Thermopylae, the life of the Spartans and the glory of war comes to life on the big screen for all audiences worldwide. The movie, 300, released in 2006 is based on the graphic novel written by Frank Miller, 300. The movie focuses on the use of the Classical past to portray everything from the upbringing of a Spartan to the bravery of King Leonidas and the 300 Spartans on the battle fields of Thermopylae against the mighty Persians. Unlike most Hollywood movies proliferated based on real events, the movie 300, keeps accurate to the novel and the events that occurred in history. Despite the minor alterations and exaggerations such abandoning body armor and over-glorifying the Spartans, the movie still remains faithful to both the novel and history by using the classical past to explore social norms, accurately depict the way of life, events that occurred such as the battle of Thermopylae and the nature of people during 500 BCE. 300 is a Hollywood film that focuses primarily on ancient Greece and the battle of Thermopylae as reminisced from history and partly from Frank Miller’s novel, 300. The battle of Thermopylae was a war in which the alliance of Greek city-states such as Athens and Greece went to war against the Persian King Xerxes. Moreover, the movie strictly focuses on the last stand of King Leonidas and his men. According to historical evidence, it is known that the battle between Greece and the Persians consisted of not only theShow MoreRelatedHistorical Film Analysis : The 3001139 Words   |  5 PagesHistorical Film Analysis: the 300 The 300 is a fictional retelling of Herodotus’s account of the Battle of Thermopylae from the perspective of Leonidas I and his fellow Spartans. The film is based on a comic book of the same name and is a live action, shot-by-shot visualization of said comic. 300 utilizes stunning two-dimensional graphics and dramatic lighting and camera angles to make the film look more like a moving comic. Both the film and its literary counterpart are full of historical inaccuraciesRead More300 Movie2752 Words   |  12 Pages300 Jonathan Hewitt ENG 225 Cicely Denean-Cobb October 2, 2012 The film I have chosen to do my critique on is Zack Snyder’s 300. 300 is a film about King Leonidas, the King of Sparta, and his 300 Spartan warriors who all stood up against the God-king Xerxes and his massive Persian army from annihilation. After watching the film very closely for my critique I believe there is a serious underlying theme that everyone has the right to be free and sometimes you have to stand up and make sacrificesRead MoreFilm Analysis Of 300 Movie1428 Words   |  6 PagesRichardson History 101 26 September 2017 300 Film Analysis The 300 is a spectacular movie designed to provide the viewer with a sense of excitement and anticipation. The movie is loosely based on past events with Sparta and their conflict with Persia, back in 480 BC. And while the movie is founded on a historical event, there are many historical inaccuracies throughout the film. These inaccuracies are created to add depth and new excitement to the movie, but also gives the viewer a false understandingRead MoreMovie Analysis : Hollywood 3558 Words   |  15 Pageslandscape spread had at least fifteen independent studios move to Hollywood. By 1915, America was officially film crazed, and Hollywood was shaping into the glamorous, sometimes surreal landscape we have come to know and love today. From the first movie projections at the end of the nineteenth century, cinema was hailed as a mode of preservation, a hedge against death itself, preserving for future generations not only the images but also the actions of people now long dead. The twentieth century isRead MoreClassical Influences On Modern Films And Literature1171 Words   |  5 Pagesfoundation of humanities in various fields. In popular culture, Ancient Greece and Rome are portrayed substantially in books and movies; however, not many people are aware of how they also shape our thoughts, ideals, and motivations. Through an analysis of classical elements often portrayed in popular media, this essay attempts to illustrate how the representation of classical Greece and Rome in books and movies influence our lives and emphasize the need to stay informed as these influences canRead MoreAncient Greece And Rome Vs. Rome1179 Words   |  5 Pagesfoundation of humanities in various fields. In popular culture, Ancient Greece and Rome are portrayed substantially in books and movies; however, not many people are aware of how they also shape our thoughts, ideals, and motivations. Through an analysis of classical elements often portrayed in popular media, this essay attempts to illustrate how the representation of ancient Greece and Rome in books and movies influence our lives and emphasize the need to stay informed as these influences can beRead MoreMasculinity in the Media3136 Words   |  13 Pagesvery violent and aggressive lyrics and demeanor compared to bands of previous decades. Products sold to this market have been reinforced as violent masculinity, as rebellious, humorous and â€Å"cool†. The 1985 Rambo film was to many people the ideal movie that represented American masculinity. The film’s dominant strain, is one of an America truly regenerated through violence, a resurrected nation bursting with pride, power, and unabashed aggression that can humble any enemy. President Reagan referred

Influence of Other Characters on the Transformation of...

Influence of Other Characters on the Transformation of Elizabeth in Pride and Prejudice In Pride and Prejudice by Jane Austen, readers witness the profound transformation of the protagonist. Although the drastic changes are largely due to the characters self-propelled growth, the influences of other characters play a key role in igniting the permanent metamorphoses. This essay analyzes the two most influential characters in Pride and Prejudice and Elizabeths self-realization. We are working under the presumption that two other characters serve as catalysts to boost the final changes of the protagonist. Elizabeths transformation and growth are greatly attributed to two other characters; namely Darcy and Wickam.†¦show more content†¦In the beginning, Elizabeth thinks that Darcy is the proudest, most disagreeable man in the world(7). Given that the point of view in this work is predominantly based upon Elizabeths observations, the descriptions of Darcy can be rendered as Elizabeths attitude toward him. Another evidence supporting her dislike of Darcy is represented by following depiction: He[Darcy] was at the same time haughty, reserved, and fastidious...(11). Thus, repulsed by Darcys detached conceit and arrogance, Elizabeth rejects his offer to dance(38). The negative impression toward Darcy is reinforced by Wickams impartial statement about him: for almost all his[Darcys] actions may be traced to pride(61). Superficially Darcy is condemned as the worst of men(104). The accumulated prejudices against Darcy unfailingly culminates in Elizabeths blunt rejection to Darcys proposal. The reason for her refusal, she argues, is his arrogance, conceit and selfish disdain of the feelings of others(145). Taken together, the overall situation strongly suggests that Elizabeth regards Darcy as the last man in the world whom I[she] could ever be prevailed on to marry(145). On the other hand, Wickam is depicted as agreeable to Elizabeth. To her eyes, Wickam has all the best part of beauty, a fine countenance, a good figure,Show MoreRelatedJane Austens Pride and Prejudice1061 Words   |  5 Pagescriticizes the influence that society has over its members. The romantic novelist Jane Austen satirizes her society and those who follow it. One of her most famous works, Pride and Prejudice, is a great example of this satire. Throughout the novel she explores the effects of society through her characters. In Jane Austen’s novel Pride and Prejudice, she divulges the central theme of society and social class through the characters Elizabeth Bennet, Mr. Darcy, and Lady Catherine. The first character that AustenRead MoreJane Austen s Pride And Prejudice1450 Words   |  6 PagesShaped by its light-humored wit as well as heartfelt cast of characters, Pride and Prejudice explores the classic yet distinctive narrative of the two divergent characters Elizabeth Bennet and Fitzwilliam Darcy. Set towards the end of the eighteenth century and early nineteenth century in England, Jane Austen offers a profound insight into the social manners and behaviors expected of individuals in this time. In Elizabeth’s endeavor for independence in the face of her expectation as a female to marryRead MoreThe Representations of Femininity in Pride and Prejudice904 Words   |  4 Pagescaptivate people with stories of love and romance through the transformation of her novels into film and television. All of her novels are about women dealing with romance, courtship, and marriage during a repressing period. Most of her characters and stories revolve around the lives of the upp er class. It centers on the values, rituals, and manners of high society in England during the Regency Era. Her most popular novel, Pride and Prejudice published in 1813 maintains the interest of its audiencesRead MoreBrief Summary of Pride and Prejudice by Jane Austen1436 Words   |  6 PagesIn Pride and Prejudice, Jane Austen tells and intriguing tale of young love and all of the troubles that comes with it. This novel focuses on the character of Elizabeth Bennet, daughter to a proud mother and nonchalant father. Towards the beginning of the play, the Bennets meet Bingley, a young man who is handsome, wealthy, and eventually becomes the suitor to Jane Bennet, who thinks very highly of everyone and seems identical in her positive view on every person she has ever met. Later, ElizabethRead MoreThe Case Of A Christmas Carol1339 Words   |  6 Pagesand how past circumstances heavily influence who we are as people. The two messages both authors want readers to take away from the st ory, although different, achieve the takeaway through the utilization first person narration. Furthermore, the narration in these stories also consists of free indirect discourse, which is a type of third person narration that also incorporates elements of first person narration. In both A Christmas Carol and Pride and Prejudice, free indirect discourse has the sameRead MoreMrs. Wickham : A Moral Outward Appearance1635 Words   |  7 PagesThe third satirical example Austen employs in her novel to reflect Regency society’s manner-based stereotypes is with her character Mr. Wickham. Despite his black heart and poor morality, Mr. Wickham has a way with words and is able to smooth talk his way in and out of every situation. His good looks and manners establish a moral outward appearance in the society. Elizabeth admits in her personal monologue while in denial of Mr. Darcy’s revelations in his letter that, â€Å"His countenance, voice, andRead MorePride and Prejudice1236 Words   |  5 PagesThe path to marriage initiates in the very first paragraph of Jane Aus ten’s Pride and Prejudice. This courtship novel begins with the premise that â€Å"a single man in possession of a fortune must be in want of a wife† (pg. 5) Throughout the competition for the single men, characters are naturally divided by the norms of their social standing. However, the use of social conventions and civility further divides them. The characters in need of the most moral reform remain unchanged, leaving a path for theRead MorePride And Prejudice By Jane Austen2007 Words   |  9 Pagespossession of a good fortune must be in want of a wife.† Pride and Prejudice by Jane Austen is a perfect reflection of the time in which it was written. The themes, characters, and dialogue create an image of what was happening at the time and how people acted. This book allows historians to make big picture connections and compare the society Jane Austen lived in with those 500 years later or a million miles away. Though Pride and Prejudice is considered a classi c much of what Jane Austen says inRead MorePride And Prejudice By Jane Austin Essay1846 Words   |  8 PagesIn reference to the novel Pride and Prejudice, by Jane Austin, Austin targets several themes in correlation to the early 19th century in England. Austin’s central theme however, is love and marriage. Trough love and marriage Austin is able to criticize social class, wealth, gender inequality, and prejudice. In such matter, Austin believes happiness cannot be obtained by arrangement, force, nor any type of exterior influences. So in respect to love, which leads to marriage, Austen’s thoughts of mutualRead MoreThe Wave Of An Ocean Wave2283 Words   |  10 Pagesan ocean wave. One can take small pieces of information from other people, and have it accumulate and form their opinions. Over time, individuals do not realize the build up of information that they have accumulated. Eventually, an individual will realize and form his/her own opinions, and thus come crash ing down to reality. In order for an individual to recognize the truth, they have to be able to notice and see a change between the other person. When faced with an awkward first impression, a positive

Psychology Psychology And Psychology - 1161 Words

There are many branches in the world of psychology. There is the behavior psychology, also known as behaviorism, a leading theory of learning based upon the idea that all behaviors are acquired through conditioning. Cognitive psychology, the branch of psychology that focuses on internal states, such as motivation, problem solving, decision making, thinking and attention. Development psychology, the branch that looks at development throughout the lifespan, from childhood to adulthood. Out of the many branches, I feel I notice abnormal psychology in my everyday life. The study of abnormal psychology focuses on the unusual emotion and thought, and patterns of behavior. These may or may not precipitate a mental disorder. Abnormal psychology deals with behavior in a clinical context. Most disorders in this branch take a tool on a person’s everyday life. The field identifies multiple causes for different conditions, creating diverse theories from the general field of psychology, and much still questions on what is meant by â€Å"abnormal† There are many conditions that are categorized in abnormal psychology. One of the most leading causes of death concerning abnormal psychology is major depression disorder. Major depressive disorder is also known as major depression, clinical depression, or unipolar depression. Unipolar is the presence of one pole. In other words, extreme of mood- depressed mood. This may be compared with bipolar depression which has the two poles of depressed moodShow MoreRelatedPsychology : Psychology And Psychology1627 Words   |  7 Pagescovers the many questions we may have about psychology. It starts with the history and how it has changed throughout the years. It covers some of the many subfields and jobs you can have as a psychologist. It also covers the four big ideas that are associated with psychology. There are many more topics and sub-topics that will be covered within this paper on chapter 1. Section 1-1 Psychological Science is born: This section shows how the heart of psychology changes over time. In 1879, at a germanRead MorePsychology : Psychology And Psychology Essay2200 Words   |  9 PagesHow is psychology defined today? How did psychology start out being defined originally? Humans have always been interested in understanding their own body, especially the brain itself. Some of the first people to explore psychology were Aristotle and Socrates, (even though some of the things they thought were wrong) of course at the time they did not know what exactly they were studying. https://www.boundless.com/psychology/textbooks/boundless-psychology-textbook/introduction-to-psychology-1/intrRead MorePsychology : Psychology And Psychology1753 Words   |  8 Pagesbeing said, psychology is a very important branch of science that attempts to help us stay sane! Already getting started next year, I enrolled into a psychology class to get a jumpstart for when I go into college. I chose to enroll into the psychology class because the human mind is something that is very complex and diverse. By me taking this class, I am partially more ahead and more taught than that of a student who doesn’t take the class. And that way, when I get into the psychology major, I haveRead MorePsychology : Psychology And Psychology1519 Words   |  7 PagesPsychology has been defined by many as the study of mental disorder or behavioral problems but discoveries and developments, points to psychology as the study of human mind and its functionality which includes the way we think, act, perceive things and be able to make decisions; all these makes man a complex being. Psychology isn’t just a phenomenon; it is a scientific study. Psychology as a science answers the question â€Å"why†, proposes a theory and sets experiment to test the hypothesis. The researchRead MorePsychology : Psychology And Psychology889 Words   |  4 PagesOne: Psychology Defined Psychology is an exceptionally multifaceted field of study, regardless, it can be commonly defined as the study of mental processes and human behavior. The goals of psychology are to describe, explain, predict and control the behavior of others. Psychology incorporates an extensive range of different perspectives into its general principles as well as focuses on securing them with applied research, case studies, evaluations, etc. I first became interested in psychology whenRead MorePsychology : Psychology And Psychology1018 Words   |  5 Pagesof psychology is common to talk about the psychological schools, as these are defined as groups of psychologists who shared a theoretical view and focused psychological problems with a common orientation; these have evolved over time. Psychology was first established as a separate science of biology and philosophy, that s when the real debate over how to describe and explain the human mind and behavior began start, different psychological schools represent the major theories of psychology. TheRead MorePsychology : Psychology And Psychology892 Words   |  4 PagesWhen you first think of the word psychology, what is the first thing that comes to your mind? Well, some people might say they don’t know or some would say it’s something that has to do with the mind and/or human behavior. Psychology which comes from the Greek term â€Å"psyche† is the study of mental processes and behavior; especially those affecting behavior in a given context. There are several schools of thought in psychology. These schools include: structuralism (Wundt), functionalism (James), gestaltRead MorePsychology : Psychology And Psychology1267 Words   |  6 PagesPaper What is psychology? What impact does psychology have on the world? What does it mean to be a psychologist? These are three important questions that will be investigated throughout this paper. Psychology is the scientific study of the human mind and behavior. Psychology influences many behaviors in the world without anyone noticing. Watson is interested in behaviorism. This means he was interested in the behavior of people and how they act and react. Through his article, Psychology as the BehavioristRead MorePsychology : Psychology And Psychology850 Words   |  4 PagesPsychology to me is meant to help people understand the complexity of other human beings. We have established the existence of many disorders which are mainly beyond the control of people because of chemical imbalances in the brain. Although with these reasons, we still have attached negative and positive connotations to many disorders. We have created this concept of psychology in order to help us try to find some sense of order in our lives. This can allow us to try rank ourselves next to anotherRead MorePsychology : Psychology And Psychology1703 Words   |  7 PagesPsychology has a lot of jobs to choose from.Any job in psychology is going to be involved helping people. Trying to find out why people do the things they do and trying to predi ct the behavior of people, their emotions, and mental processes. Making sure your child or any person you care about is okay mentally, is important and is the job of people who work in a major in psychology. For this paper, the roles of a psychiatrist, a counselor, and a psychologist will be discussed. The audience will learn

Financial Management CFO - CSR - NVP - and Payback Period

Question: Describe about the Financial Management for CFO, CSR, NVP, and Payback Period . Answer: Introduction The management of finance is the most critical function for the management of very company. The maximization of the shareholders value, which is the ultimate goal of any company, depends to a lot extent on the efficiency and effectives of the management of finance (Ramnath, Rock, Shane, 2008). In this context, a report has been presented here that provides coverage of basic concepts of the finance alongside the role and responsibilities of the financial analyst assistance. Case Study 1 Investment Projects in a Mineral Company The business operations of a mineral company involve exploration and extraction of the minerals, oil and gas. Thus, the projects that could an investor find to invest in a mineral company would be mineral exploration, minerals extraction, and production of oil and gas (Norton Rose, 2011). The mineral exploration projects involve the activities aimed at finding out mines and places where the mineral could be extracted from. The mineral exploration projects are undertaken by the mineral companies at the initial stage and the work of extraction of minerals is started after the completion of the exploration projects. From the investment view point, the exploration projects are much more risky then extraction of the project. This is because the determination that the outcome of the exploration projects would positive or negative is highly uncertain. However, if the risk is high in investing in the exploration project then the returns are also very high. If the exploration projects end up with the positive outcome, the company earns huge amount of profits, which increase the wealth of the investors. 2: Activities to be undertaken in CFOs Office The Chief Financial Officer (CFO) of the company is responsible to manage and direct the activities of the finance function (Lapovsky McKeown-Moak, 2010). The activities performed in a finance function of a company may involve preparation of the financial statements, analysis of the financial statements, and preparation of the internal reports for the managerial decision making. The preparation of the financial statements requires agile and skilled personnel possessing professional level knowledge in the finance domain. Further, the finance function is also responsible to take care of the corporate compliances such as submitting required returns and reports to the securities exchange commission of the country (Lapovsky McKeown-Moak, 2010). In the light of the above discussion, it could be inferred that as an assistance of the financial analyst, one could expect to undertake and assist in book keeping. Further, the assistant could also be asked to prepare reports for internal control and managerial purposes such report on working capital requirements and preparation of the list of financial sources. The assistant will also be responsible to assist the superior managers in preparing the budgets and long terms finical forecasts. Further, the assistant could also be asked to extract information from internal as well external sources to assist the management in financial forecasting (Lapovsky McKeown-Moak, 2010). 3: Management of Finances of a Listed Company The fact that Antipodes Mineral Resource (AMR) Company is listed on the Australian Securities Exchange (ASX) adds more to the duties of the financial managers. In addition to the normal functions, certain special functions are also required to be undertaken in a listed company. Thus, the duties of the financial managers of a listed company also get widened with the coverage of new areas which includes compliance with the regulatory requirements (Quiry et al., 2011). The regulatory requirements for a listed are many more as compared to an unlisted company. In order to comply with the regulatory requirements, the financial managers have to prepare various reports and returns for submission to the regulatory authorities. Further, the size of a listed company is also generally bigger than the unlisted companies. Big size of the company and the wide spread operations add to the difficulties of the financial managers of the company. Thus, the fact that AMR is a listed company brings concern to the financial manager and increases their responsibility and accountability. In addition to this, as a financial manager of a listed company, the person should also be in possession of the knowledge of share issues (Quiry et al., 2011). One more resource in the form of share issue is added for analysis of the sourcing of funds in case of a listed company. 4: Accountability of Antipodes Mineral Company The primary objective or goal of a company is to build the investors worth. Thus, the business is primarily responsible to its owners to give them the required return. However, in the modern business environment, the business could thrive and survive only when a proper balance is maintained between the needs of all the stakeholders such as shareholders, society, and environment (Mermod Idowu, 2013). Thus, the listed companies which operate at a large scale should assume the responsibility to meet out the needs of the society and the environment along with the shareholders. It is worthwhile to note that now a days the regulators from all around the world are stressing on the corporate social responsibility and have made it compulsory for the listed companies (Mermod Idowu, 2013). The corporate social responsibilities are about the responsibilities of the company toward the society and the environment. Compliance with the corporate social responsibility requirements is essential not only because its a legal requirement but to maintain sustainability in the business operations (Mermod Idowu, 2013). The companies utilize the natural resources which have bearing on the environment. Further, the companys operations, products, and services affect the society in various ways. Therefore, it is essential for the companies to undertake the responsibility and accountability for the betterment of the society and preservation of the environment. Thus, being a listed company, AMR should take accountabilities for the betterment of the society and conservation of the natural resources. Case Study 2 Part a: Computation of NPV In order to enhance the production capacity, the company is considering adding new product line to the existing operations. The net present value is considered to be the most appropriate tool for analysis and evaluation of the new product line from the financial perspective (Madura, 2008). The net present value is computed by deducting the present of value of the cash outflows from the present value of the cash inflows. The present value of the cash outflows and the inflows is computed by discounting the same at the appropriate discount rate. In the current case of RWE Enterprises, the net present value has been computed by discounting the cash flows at the rate of 10%, which is shown below: Calculation of Net Present Value for New Product Line Year Cash Flows PVF@10% Present Value (a) (b) c= [1/(1+10%)^1] (d)=b*c 0 -3,000,000.00 1.000 -3,000,000.00 1 700,000.00 0.909 636,363.64 2 700,000.00 0.826 578,512.40 3 700,000.00 0.751 525,920.36 4 700,000.00 0.683 478,109.42 5 -1,300,000.00 0.621 -807,197.72 6 700,000.00 0.564 395,131.75 7 700,000.00 0.513 359,210.68 8 700,000.00 0.467 326,555.17 9 700,000.00 0.424 296,868.33 10 900,000.00 0.386 346,988.96 Net Present Value 136,462.99 In the present case of RWE Enterprise, the initial cash outflow is estimated to be $3,000,000, which involves the money to be sent on purchasing the equipment. Further, it has been estimated that the company would earn additional cash profits of $700,000 each year from the installation of the new production line. In the 5th year of operations, it has been estimated that $2,000,000 will be required to be spent on refurbishment. Thus, the 5th year cash flows after adjusting the inflows of $700,000 work out to be -$1,300,000. Further, at the end of the useful life, the salvage value of the equipment is estimated to be $200,000, which has been added to the cash flows of the 10th year. The results of the computation, as depicted in the table given above, show that the net present value in respect of the new product line being considered by RWE for expansion will be $136,462.99. The positive net present value indicates that the project under consideration is financially worthy and can be undertaken (Brigham Ehrhardt, 2007). In the current case, the net present value of the new production line is positive and thus, the company can go ahead with the expansion program. Part c: Computation of Payback and Discounted Payback Period Apart from net present value, the payback period is another tool that is applied in analyzing the financial viability of the project. The payback period indicates the length of the time period over which the cash outflows of a project would be recovered by the cash inflows. The shorter the payback period of a project better is would be for the company. Thus, the decision criteria in case of payback period, is the length of the time period; the project having shortest payback period would be given priority over the others. In case of evaluation of a single project, the payback period should be less than the total duration of the project. In the current case of RWE Enterprise, the payback period has been computed as under: Payback Period Year Cash Flows Cumulative Cash Flows Logical Test Logical Test 0 -3,000,000.00 0.000 1 700,000.00 -2,300,000.00 FALSE 0.000 2 700,000.00 -1,600,000.00 FALSE 0.000 3 700,000.00 -900,000.00 FALSE 0.000 4 700,000.00 -200,000.00 FALSE 0.000 5 -1,300,000.00 -1,500,000.00 FALSE 0.000 6 700,000.00 -800,000.00 FALSE 0.000 7 700,000.00 -100,000.00 FALSE 0.000 8 700,000.00 600,000.00 TRUE 7.857 9 700,000.00 1,300,000.00 FALSE 0.000 10 900,000.00 2,200,000.00 FALSE 0.000 Payback Period (Years) 7.857 The payback period for new product line is worked out to be 7.857 years as shown in the table presented above. The payback period of 7.857 years depicts that the company would recover all the cash expenses incurred on adding the new product line within almost 8 years time period. The economic life of this project is 10 years, thus, the payback period is less than the economic life of the project, which indicates that the project is financially worth undertaking. The payback period as computed above does not take into account the impact of the time value of money, which is critical in the capital budgeting decisions (Hawawini Viallet, 2010). Therefore, the payback period has been revised computing discounted payback period taking into consideration the time value of money. The computation of the discounted payback period has been presented below: Discounted Payback Period Year Discounted Cash Flows Cumulative Cash Flows Logical Test Logical Test a B 0 -3,000,000.00 0.000 1 636,363.64 -2,363,636.36 FALSE 0.000 2 578,512.40 -1,785,123.97 FALSE 0.000 3 525,920.36 -1,259,203.61 FALSE 0.000 4 478,109.42 -781,094.19 FALSE 0.000 5 -807,197.72 -1,588,291.91 FALSE 0.000 6 395,131.75 -1,193,160.16 FALSE 0.000 7 359,210.68 -833,949.47 FALSE 0.000 8 326,555.17 -507,394.31 FALSE 0.000 9 296,868.33 -210,525.97 FALSE 0.000 10 346,988.96 136,462.99 TRUE 9.460 Payback Period (Years) 9.460 The discounted payback period shows that the cash outlay will be recovered by the company in 9.46 years time period. Due to discounting, the value of cash inflows of the later years goes down and due to this downfall in the value of the cash inflows, the payback period is extended. In the current case, the payback period has been extended from 7.857 years to 9.46 years when the discounting is applied. However, the discounted payback period is also lower than the economic life of the project; thus, the decision would remain the same. Conclusion The financial management is one of the most crucial functions in an organization. In this report, the discussion has been carried on various aspects of the financial management converging the roles and responsibilities of the chief financial officer. Further, the report also covers the application of the net present value and payback period, which are the most crucial tools of the capital budgeting. References Brigham, E. Ehrhardt, M. 2007. Financial management: theory practice. Cengage Learning. Corporate Social Responsibility in the Global Business World Hawawini, G. Viallet, C. (2010). Finance for Executives: Managing For Value Creation. Cengage Learning. Lapovsky, L. McKeown-Moak, M.P. (2010). Roles and responsibilities of the chief financial officer: new directions for higher education, number 107. John Wiley Sons. Madura, J. (2008). International financial management, abridged edition. Cengage Learning. Mermod, A.Y. Idowu, S.O. (2013). CSR, sustainability, ethics governance. Springer Science Business Media. Norton Rose. (2011). Mineral companies: a comparison of the requirements of the five stock exchanges. Retrieved September 09, 2016, from https://www.nortonrosefulbright.com/files/mineral-companies-a-comparison-of-the-requirements-of-five-stock-exchanges-september-2011-56563.pdf Quiry, P., Le Fur, Y., Salvi, A., Dallocchio, M., Vernimmen, P. (2011). Corporate finance: theory and practice. John Wiley Sons. Ramnath, S., Rock, S., Shane, P.B. (2008). Financial analysts' forecasts and stock recommendations: a review of the research. Now Publishers Inc.

Contract and United Airlines free essay sample

Travel Systems, Inc. ACT 1 Russell Smith knew why he had been summoned to the office of A. Walter Rognlien, the 74-year-old chairman of the board and chief executive officer (CEO) of Smith’s employer, Cardillo Travel Systems, Inc. Just two days earlier, Cardillo’s in-house attorney, Raymond Riley, had requested that Smith, the company’s controller, sign an affidavit regarding the nature of a transaction Rognlien had negotiated with the United Airlines. The affidavit stated that the transaction involves $203,000 payment by United Airlines to Cardillo but failed to disclose why the payment was being made or for what specific purpose the funds would be used. The affidavit included a statement indicating that Cardillo’s stockholders’ equity exceeded $3 million, a statement that Smith knew to be incorrect. Smith also knew that Cardillo was involved in a lawsuit and that court injunction issued in the case required the company to maintain stockholders’ equity of at least million. Because of the blatant misrepresentation in the affidavit concerning Cardillo’s stockholders’ equity and a sense of uneasiness regarding United Airlines’ payment to Cardillo, Smith had refused to sign the affidavit. When Smith stepped into Rognlien’s office on that day in May 1985, he found not only Rognlien but also Riley and two other Cardillo executives. One of the other executives was Esther Lawrence, the firm’s energetic 44-year-old persistent and chief operating officer (COO) and Rognlien’s wife and confidante. Lawrence, a long-time employee, had assumed control of Cardillo’s day-to-day operations in 1948. Rognlien’s two sons by a previous marriage had left the company in the early 1980s following a power struggle with Lawrence and their father. As Smith sat waiting for the meeting to begin, his apprehension mounted. Although Cardillo had a long and proud history, in recent years the company had begun experiencing serious financial problems. Founded in 1935 and purchased in 1956 by Rognlien, Cardillo ranked as the fourth-largest company in the travel agency industry and was the first to be listed on a national stock exchange. Cardillo’s annual revenues had steadily increased after Rognlien acquired the company, approaching $100 million by 1984. Unfortunately, the company’s operating expenses had increased more rapidly. Between 1982 and 1984, Cardillo posted collective losses of nearly $1. 5 million. These poor operating results were largely due to an aggressive franchising strategy implemented by Rognlien. In 1984 alone that strategy more than doubled the number of travel agency franchises operated by Cardillo. Shortly after the meeting began, the overbearing and volatile Rognlien demanded that Smith sign the affidavit. When Smith steadfastly refused, Rognlien showed him the first page of an unsigned agreement between United Airlines and Cardillo. Rognlien then explained that the $203,000 payment was intended to cover expenses incurred by Cardillo in changing from American Airlines’ Apollo system. Although the payment was intended to reimburse Cardillo for those expenses and was refundable to United Airlines if not spent, Rognlien wanted Smith to record the payment immediately as revenue. Not surprisingly, Roglien’s suggested treatment of the United Airlines payment would allow Cardillo to meet the $3 million minimum stockholders’ equity threshold established by the court order outstanding against the company. Without hesitation, Smith informed Rognlien that recognizing the United Airlines payment as revenue would be improper. At that point, â€Å"Rognlien told Smith that he was incompetent and unprofessional because he refused to book the united payment as income. Rognlien further told Smith that Cardillo did not need a controller like Smith who would not do what was expected of him†. ACT 2 In November 1985, Helen Shepherd, the audit partner supervising the 1985 audit of Cardillo by Touche Ross, stumbled across information in the client’s files regarding the agreement Rognlien had negotiated with United Airlines earlier that year. When Shepherd asked her subordinates about this agreement, one of them told her of a $ 203,000 adjusting entry Cardillo had recorded in late June. That entry, which follows, had been approved by Lawrence and was apparently linked to the United Airlines-Cardillo transaction: Dr ReceivablesUnited Airlines$203,210 Cr Travel Commissions and Fees203,210 Shepherd’s subordinates had discovered the adjusting entry during their second-quarter review of Cardillo’s form 10-Q statement. When asked, Lawrence explanation without attempting to corroborate it with other audit evidence. After discussing the adjusting entry with her subordinates, Shepherd questioned Lawrence. Lawrence insisted that the adjusting entry had been properly recorded. Shepherd than requested that Lawrence asks United Airlines to provide Touch Ross with a confirmation verifying the key stipulations of the agreement with Cardillo. Shepherd’s concern regarding the adjusting entry stemmed from information she had reviewed in the client’s files that the United Airlines payment to Cardillo was refundable under certain conditions and thus not recognizable immediately as revenue. Shortly after the meeting between Shepherd and Lawrence, Walter Rognlien contacted the audit partner. Like Lawrence, Rognlien maintained that the $203,000 amount had been properly recorded as commission revenue during the second quarter. Rognlien also told Shepherd that the disputed amount, which United Airlines paid to Cardillo during the third quarter of 1985, was not refundable to United Airlines under any circumstances. After some prodding by Shepherd, Rognlien agreed to allow her to request a confirmation from United Airlines concerning certain features of the agreement. Shepherd received the requested confirmation from United Airlines on December 17, 1986. The confirmation stated that the disputed amount was refundable through 1990 if certain stipulations of the contractual agreement between the two parties were not fulfilled. After receiving the confirmation, Shepherd called Rognlien and asked him to explain the obvious difference of opinion between United Airlines and Cardillo regarding the terms of their agreement with the chairman of the board of United Airlines. â€Å"Rognlien claimed that pursuant to this confidential business arrangement, the $203,210 would never have to repaid the United. Shepherd’s conversation with Rognlien refused. In fact, as Rognlien knew, no such agreement existed. † A few days following Shepherd’s conversation with Rognlien, she advised William Kaye, Cardillo’s vice president of finance, that the $203,000 amount could not be recognized as revenue until the contractual agreement with United Airlines expired in 1990. Kaye refused to make the appropriate adjusting entry, explaining that Lawrence had insisted that the payment from United Airlines be credited to a revenue account. On December 30, 1958, Rognlien called Shepherd and told her that he was terminating Cardillo’s relationship with Touche Ross. In early February 1986, Cardillo filled a form 8-K statement with the Securities and Exchange Commission (SEC) notifying that agency of the company’s change in auditors. SEC regulations required Cardillo to disclose in the 8-K statement any disagreements involving accounting, auditing, or financial reporting issues with its former auditor. The 8-K, signed by Lawrence, indicated that no such disagreements preceded Cardillo’s decision to dismiss Touche Ross. SEC regulations also required Touche Ross to draft a letter commenting on the existence of any disagreements with Cardillo. This letter had to be filed as an exhibit to the 8-K statement. In touche Ross’s exhibit letter, Shepherd discussed that the improper accounting treatment given that transaction resulted in misrepresented financial statements for Cardillo for the six months ended June 30, 1985, and the nine months ended September 30, 1985. In late February 1986, Raymond Riley, Cardillo’s legal counsel, wrote Shepherd and insisted that she had misinterpreted the United Airlines-Cardillo transaction in the Touch Ross exhibit letter filed with the company’s 8-K. Riley also informed Shepherd that Cardillo would not pay the $17,500 invoice that Touche Ross had submitted to his company. This invoice was for professional services Touche Ross had rendered prior to being dismissed by Rognlien. ACT 3 On January 21, 1986, Cardillo retained KMG Main Hurdman (KMG) to replace Touche Ross as its independent audit firm. KMG soon addressed the accounting treatment Cardillo had applied to the United Airlines payment. When KMG personnel discussed the payment with Rognlien, he informed them to the alleged secret arrangement with United Airlines that superseded the written contractual agreement. According to Rognlien, the secret arrangement precluded United Airlines from demanding a refund of the $203,000 payment under any circumstances. KMG refused to accept this explanation. Roger Shlonsky, the KMG audit partner responsible for Cardillo engagement, told Rognlien that the payment would have to be recognized as revenue on a pro rata basis over the five-year period of the written contractual agreement with United Airlines. Cardillo began experiencing severe liquidity problems in early 1986. These problems worsened a few months later when a judge imposed a $685,000 judgment on Cardillo to resolve a civil suit filed against the company. Following the judge? s ruling Raymond Riley alerted Rognlien and Lawrence that the adverse judgment qualified as a â€Å"material event† and thus has to be reported to the SEC in a Form 8-K filling. In the memorandum he sent to his superiors, Riley discussed the serious implications of not disclosing the settlement to the SEC: â€Å"My primary concern by not releasing such report and information is that the officers and directors of Cardillo may be subject to violation of rule 10b-5 of the SEC rules by failing to disclose information that may be material to a potential investor. Within 10 days of receiving Riley’s memorandum, Rognlien sold 100,000 shares of Cardillo stock in the open market. Two weeks later, Lawrence issued a press release disclosing for the first time the adverse legal settlement or that Cardillo remained viable only because Rognlien had invested in the company the proceeds from the sale of the 100,000 shares of stock. Additionally, Lawrence’s press release, Roger Shlonsky met with Rognlien and Lawrence. Shlonsky informed them that the press released grossly understated Cardillo’s estimated loss for fiscal 1985. Shortly after that meeting, KMG resigned as Cardillo’s independent audit firm. EPILOGUE In May 1987, the creditors of Cardillo Travel Systems, Inc. forced the company into involuntary bankruptcy proceedings. Later that same year, the SEC concluded a lengthy investigation of the firm. The SEC found that Rognlien, Lawrence, and Kaye had violated several provisions of the federal securities laws. These violations included making false representations to outside auditors, failing to maintain accurate financial records, and failing to file prompt financial reports with the SEC, In addition, the federal agency charged Rognlien with violating the insider trading provisions of the federal securities laws. As a result of these findings, the SEC imposed permanent injunctions on each of the three individuals that prohibit them from engaging in future violations of federal securities laws. The SEC also attempted to recover from Rognlien the $237,000 he received from selling the 100,000 shares of Cardillo stock in April 1986. In January 1989, the two parties resolved this matter when Rognlien agreed to pay the Sec $60,000