The Case Of La Trobe Aircraft - 1963 Words

â€Å"Diversity gives us areas of commonality through which we can connect with others, as well as, aspects of difference from which we can learn† (Gardenswartz Rowe, 2010, p. 24). These differences directly impact the workplace environment and for this reason this topic should be a matter of concern for managers in every organization. If management understand the differences between the employees and is aware of the factors that influence them, it will be easier to value and respect individualities and practice inclusive and effective communication within the organization. The differences between employees can be based on race, age, gender, personality, or organizational function, among others. The roll that management has regarding diversity is to ensure that the processes and policies are designed in response to employee’s specific needs and behaviours without interfering with the company objectives. In the case of La Trobe Aircraft, it is important to notice that there are biases and prejudices that are taking place within the organization and must be stopped. Senior staffs have prejudices towards working with apprentices and previous judgements dominate the way employees interact with others. The organization does not have clear policies or procedures for consideration of employees and there is no recognition of diversity, value and respect for individual differences. In China specifically, the top management is reluctant to hire employees with disabilities. With this

Ethical Analysis Ethics And Ethics - 909 Words

Consumers today want to do business with reputable companies that are led and managed by ethical decision makers. Ethical decision makers look to partner with other companies that share similar morals and values. In other words, the public and other companies want to associate with an organization that will make ethical judgements. Ethical decisions are not always obvious nor are they based on what is right or wrong or what is good or bad (Gonzalez-Padron, 2015). They are choices made by managers at all levels and stakeholders who follow the company’s core values, ethics policies and moral compass. One leader who is an example of integrity and ethics is Bill Daniels, who opened and operated a small insurance agency in Wyoming. Analyzing Bill Daniel’s ethical tradition, decision approach, and moral development will provide a foundation to Bill’s business methodology. Ethical Traditions Ethical traditions or theories connect with three behavioral dimensions. The three dimensions are actions, agent and outcome (Gonzalez-Padron, 2015). In Bill Daniels story, he clearly subscribed to the character of the agent approach. According to Gonzalez-Padron (2015), â€Å"The premise of the ethical tradition is two-fold: 1) a belief that people of good character act rightly and ethically, and 2) following rules is secondary to preserving relationships† (p.155). Mr. Daniels was a man of integrity and possessed virtues such as honesty, trustworthiness and fairness. He stronglyShow MoreRelatedEthical Ethics Analysis746 Words   |  3 Pagesinstitutional aspects of ethical conduct. Anthropologists, differently from some other disciplines, encounter with different challenges while doing fieldwork, since the research tends to take place in sensitive contexts. Anthropologists worked without a centralized ethical conduct manual, until the AAA issued the statement in which they stand for ‘doing no harm’ as a central principle. This ethical code has had several amendments, being the 2009, the last one. The AAA also offers an ‘ethics handbook’, in whichRead MoreAn Analysis Of An Ethical Dilemma Using The Doing Ethics Technique Essay2122 Words   |  9 Pages Assessment 1 – Doing Ethics Technique TITLE An analysis of an ethical dilemma using the Doing Ethics Technique (DET) SUB TITLE NAME Stewart Armstrong STUDENT ID 11206102 EMAIL CONTACT stewart@thearmstrongs.net December 2015 Table of Contents 1. The Analysis 3 2. The Reference List 7 â€Æ' 1. The Analysis There is more public support for marijuana law reform than ever before with new polls showing more than half the country is in favor of legalizingRead MoreEssay on Empirical Literature Article Review of Leadership Ethics1195 Words   |  5 PagesReview of Leadership Ethics Lillie Johnson LDR 800, Ethical Dilemmas and Stewardship June 4, 2013 Empirical Literature Article Review of Leadership Ethics The opportunity to evaluate original research serves as one of the many foundations to both scholarly writing and research (Grand Canyon University, 2013). Therefore, to enhance this process I will critique empirical research articles for the purpose of demonstrating the effectiveness in understanding leadership ethics. So, using the literatureRead MoreRole Of Corporate Ethics On Financial Performance945 Words   |  4 PagesAbstract. The article reviewed was The Role of Corporate Value Clusters in Ethics, Social Responsibility, and Performance: A Study of Financial Professionals and Implications for the Financial Meltdown. The key of the abstract is to demonstrate the influence of corporate ethics on financial performance. The financial meltdown negatively influenced top management mindset regarding professional ethics (p. 15). Introduction. The authors study 2008 collapse of financial system to analyze the link betweenRead MoreEthical Financial Reporting And Disclosure Quality893 Words   |  4 PagesArticle #8 Abstract. The article reviewed was Director Overlap, Ethical Financial Reporting, and Improvements in Disclosure Quality. The key of the abstract is to emphasize the positive influence of independent audit committee on the ethical financial reporting, corporate disclosure, and company ethical environment overall (p. 183). Introduction. The author studies the relationships between the director overlap and financial reporting quality, and for that purpose, analyzes the compensation measurementRead MoreStandards For Financial Decision Making926 Words   |  4 PagesAbstract. The article reviewed was Standards for Financial Decision-Making: Legal, Ethical, and Practical Issues. The key of the abstract is to emphasize the existence of standards and statutory mechanisms for financial decision-making. The article is based on standards of the National Guardianship Association (NGA) (p. 1275). Introduction. The authors study the meaning of term â€Å"standard†. Some dictionaries determine the term â€Å"standard† as a model of acceptance, others – as a measuring criterionRead MoreEthics Code Of Professional Ethics980 Words   |  4 Pagesarticle reviewed was Possible Ethical Issues and Their Impact on The Firm: Perceptions Held by Public Accountants. The abstract demonstrates the importance of AICPA’ â€Å"Code of Professional Ethics† and its components, and the influence of management perceptions on firms’ ethical environment (p. 919). Introduction. The authors study business ethics, compliance with ethics code, ethical issues, and ethical behavior of company management. The researchers concern with ethical believes of company employeesRead MoreEthical Behavior Is Distinguishing And Performing One s Actions1490 Words   |  6 Pages Ethical behavior is distinguishing and performing one s actions accordingly. The trouble with this statement stems the questions of what is considered as â€Å"right.† Verses wrong. The definition of this word varies according to individuals, customs, morals and beliefs. Ethical behavior represents a value system that has been developed from a logical analysis of society, established by fairness, integrity, the desires and privileges of people and oneself. Ethical leadership encompasses two aspectsRead MoreThe Code Of Ethics And Systematic Ethics985 Words   |  4 PagesAbstract. The article reviewed was The Impact of Ethical Tools on Aggressiveness in Financial Reporting. The key of the abstract is to demonstrate the differences in financial reporting between the International Financial Reporting Standards (IFRS) and U.S. Standards (p.477). More in depth the research focuses on the code of ethics and moral duties of company top management. Introduction. The authors study the financial scandals and the recent financial crisis to demonstrate the gap between marketRead MoreCritique Of - Applying Ethical Theories: Interpreting and Responding to Student Plagiarism, Journal of Business Ethics1310 Words   |  6 PagesMethods Assessment 1: Critical Writing (15%) Granitz, N. and D. Loewy (2007), Applying Ethical Theories: Interpreting and Responding to Student Plagiarism, Journal of Business Ethics, vol. 72, pp 293-306. Summary Plagiarism in todays â€Å"copy and paste generation† is an unremitting, complex issue that is not yet fully understood. The paper responds to this proposition with a thesis that understanding the ethical reasoning provided by students in defending plagiarism is crucial in preventing it in

Financial Statements of Pearson PLC-Free-Samples for Students

Question: Discuss about the Financial analysis of the financial statements of Pearson PLC. Answer: Introduction This report contains a financial analysis of the financial statements of Pearson PLC. Various ratios are calculated in the first part of the report which reflects about the companys profitability liquidity and efficiency and also it financial condition in the market. A brief overview about the company is also provided in the report. The second part of the report contains an evaluation of the two investment proposals, on which the company is looking on for making investment. Capital budgeting techniques like NPV, IRR and payback period is used for the purpose of evaluation. The report ends with a conclusion containing the findings of the analysis. About Pearson PLC It is a British owned company and worlds leading corporation engaged in providing digitalize teaching and learning services. The company has expertise in educational assessment. It offers its services to the schools, corporations and also directly to the students. The media brands owned by the company are Peachpit, Longman, Addison-Wesley and many others. The company was founded in year 1844 by Samuel Pearson. It has its headquarters in London and is known as the largest book publisher and education company all over the world. The company is listed on London Stock Exchange with a ticker LSE: PSON and is a part of FTSE 100 index. The mission and vision of the company is to increase the quality of life of people through learning because it believes on the fact that, learning provides and open up many career opportunities and make peoples life better. It provides products like published newspapers, books, magazines and services like higher education, school management and assessment related to education. Ratio Analysis The technique which is most commonly used in the analysis of financial statements of a company is known as ratio analysis (Zainudin, Zainudin, Hashim Hashim, 2016). Various types of ratios are calculated with the help of financial data available in the annual reports, to measure the liquidity, profitability, efficiency and capital structure of the company. Ratio analysis reflects the trend going in the company regarding its profits, earning and various other factors (Vogel, 2014). A ratio analysis of Pearson is done for past four years, on the basis of financial data taken from its annual reports. Referring to the excel sheet, following ratios are calculated: 2016 2015 2014 2013 Profitability Ratios Net Profit Margin Net profit after tax/sales -51.3% 18.4% 9.6% 10.6% Return on Assets Net profit after tax/total assets -23.2% 7.1% 4.1% 4.9% One of the main purposes of doing this analysis is to determine profitability of the company by calculating ratios like NPR and ROA. Pearson had negative profit percentage of -51.3% in 2016, whereas the same was highest in 2015 at 18.4%. The reason for such a huge decline was the collapse of its higher education business functioning in US. The company faces many problems due to decline in sale of textbooks and change in digital learning (Warren Jones, 2018). Looking at ROA of the company, it has been increased from 4.9% to 7.1 % in 2013 to 2015. This implies that company was efficiently utilising its assets to generate profits. After facing a great fall in the profits, the ROA for 2016 was reported at -23.2%. Company incurred a huge loss which cannot be covered with its assets (Tracy, 2012). Efficiency (or Asset Management) Ratios 2016 2015 2014 2013 Days of Inventory Inventory/average daily cost of goods sold 40.98 38.88 37.13 35.36 Total Asset Turnover Ratio Sales/total assets 0.45 0.38 0.43 0.46 These ratios tell about how efficiently company is working on its goals and targets. The days of inventory ratio tell how long companies will take to make and sell its products (Lee, Lee Lee, 2009). The number has been increased in past 4 years from 35 days to 41 days. It means companys ITR is low and increase in inventory over the years cause high inventory days. Total asset turnover ratio show how capable an organization is in turning its assets into sales. Overall the ratio has been fall for Pearson but as compare to 2015 it has increased to 0.45 in 2016. This implies assets were been utilized better and its pre publications has also increased from 2015 (Higgins, 2012). Liquidity Ratios 2016 2015 2014 2013 Current Ratio Current assets/current liabilities 1.06 1.07 0.67 0.62 This ratio determines the liquidity of the company and shows its potential to pay off its short term liabilities. In 2016, the ratio was 1.06 as compare to that of in 2015. As the ideal ratio is 1:1, which means company has enough current assets to pay its current liabilities. Its current liabilities are almost 60% less than its current assets (Fraser, Ormiston Fraser, 2010). Financial Structure Ratios 2016 2015 2014 2013 Debt/Equity Ratio Debt/equity 131.5% 81.3% 90.4% 91.6% Equity Ratio Equity/total assets 43.2% 55.2% 52.5% 52.2% D/E shows what portion of companys fund is financed through debt and what are financed through equity. Pearson has 131.5% of D/E ratio, which is highest in the past 4 years. This is because companys total debt is more than its equity. Reason for this can be the US incident which makes the share price fall. Equity ratio has also decreased from 52.2% to 43.2% because less funds are invested by equity investors. The company is not performing well for the investors as a result the ratio has been fallen (Engle, 2010). Market Ratios 2016 2015 2014 2013 Earnings per Share (EPS) Net profit after tax/no. of issued ordinary shares (2.86) 1.01 0.58 0.67 Dividends per Share (DPS) Dividends/number of issued ordinary shares 0 0 0 0 Price Earnings Ratio Market price per share/earnings per share (316) 963 1,678 1,517 EPS, DPS and P/E ratio shows market condition of the company. EPS tells about the profit earned by each share. The earning per share was negative in 2016 due to the losses incurred by the company. Though Pearson has issued more number of ordinary shares in 2016 but their market price has reduced and each share was earning losses. However, in 2013-2015, the EPS has increased (Christian Ldenbach, 2013). DPS is zero because the company has not declared any dividend in the past 4 years. Price earnings ratio was negative because EPS was below zero. The value has been reduced in 2015 as compare to 2014 and 2013. This means investor has to pay fewer amounts for each dollar of earnings made by the company. A low P/E is considered desirable (Anderson, 2012). Ratios Based on Reformulated Financial Statements 2016 2015 2014 2013 Return on Equity (ROE) Comprehensive Income/shareholders' equity -53.70% 12.82% 7.85% 9.45% Return on Net Operating Assets (RNOA) Operating income after tax (OI)/net operating assets (NOA) -33.43% 9.82% 6.75% 7.93% Net Borrowing Cost (NBC) Net fin. expenses after tax/net financial obligations 3.90% 4.52% 6.67% 5.41% Profit Margin (PM) Operating income after tax (OI)/sales -50.20% 18.97% 11.21% 11.91% Asset Turnover (ATO) Sales/net operating assets (NOA) 0.67 0.52 0.60 0.67 Economic profit (RNOA - cost of capital) x net operating assets (NOA) (2,431) 513 76 152 ROE shows how well an organization is using its owners equity to generate income. According to the table, in 2016 company was giving negative returns because of lack in profits. It does not have sufficient earnings to generate returns to its shareholders. In 2015, ROE was highest due to the highest profits. RNOA measures the financial performance as well as the efficiency is utilizing the assets. The ratio was highest in 2015 which means company was properly using its assets in making income. NBC ratio has been reduced in 2016 because of the reduction in the finance cost of the company. Profit margin, as usual it is negative in 2016 and highest in 2015. The reason is same as discussed above. ATR of 2016 and 2013 is same and also more than 2015 and 2014. This is because the net operating assets were lower in these years as compare to the latter ones. Moreover they are been utilized to generate more sales in 2016 and 2013. Economic profits measure the opportunity cost. As it can be clearly seen that company has economic loss in 2016 because the company had a huge loss and its assets had also decreased. It made an economic profit in 2015, which was more than all 3 years, due to highest profits and increased operating assets (Damodaran, 2012). Capital budgeting analysis Bunnings Coles Original cost 77 million 135 million Estimated Life 10 Years 10 Years Residual Value 2 million -1.5 million Estimated Future Cash Flows 31 March 2018 -4 million -5 million 31 March 2019 5 million -1 million 31 March 2020 15 million 10 million 31 March 2021 20 million 15 million 31 March 2022 20 million 15 million 31 March 2023 20 million 20 million 31 March 2024 25 million 20 million 31 March 2025 25 million 20 million 31 March 2026 10 million 25million 31 March 2027 13 million 13.5million Bunnings Coles NPV 5.88 million -66.61 million IRR 11.4% -0.3% Payback Period 6 years more than 10 years Pearson PLC has decided to invest in two new projects, one is purchasing a Bunnings warehouse and other is investing in a Coles supermarket for selling its products and services. In order to choose a better investment, Pearson choose to use the capital budgeting techniques like NPV, IRR and payback period. These techniques are used for choosing an appropriate investment proposal (Atrill McLaney, 2009). Net Present Value It is determined to know about the profitability of the proposal. If NPV is positive, then accept the proposal. If it is negative, reject the project and if it is equal to zero, select on the basis of other criteria. The NPV of Bunnings is positive and also the project requires low initial outlay as compare to Coles. The latter proposal has negative NPV and its initial investment is also more than the former one. So from NPV standpoint, proposal first should be accepted (Baker English, 2011). Internal Rate of Return It is that rate where PV of cash inflow is equal to PV of cash outflow. Discount rate of 10% is been taken for the evaluation and the proposal having high IRR is considered to be more desirable. Bunning project has high and positive IRR of 11.4% whereas Coles has a negative rate of -0.3%. It is better to go for Bunnings warehouses (BiermanJr Smidt, 2012). Payback Period It shows the time period taken by a project to recoup the initial investment. Generally, proposals having longer payback period are not advisable for making investment. As it is clearly seen from the above table that Bunnings will take 6 years to recover its initial outlay which is within its life period. On the other hand, Coles will require more than 10 years recovering the same as the project is not capable of doing it within its life period. So proposal one should be accepted (Ahmed, 2013). As per all three techniques used, investment should be made in Bunnings project as it is profitable, require less investment and also has a shorter payback period. Conclusion From the first part of the report, it can be concluded that ratio analysis is a best method to evaluate companys financial position. From this analysis, it can be said that Pearson has not performed effectively and efficiently in year 2016. On the contrary of this, its financial performance in 2015 was best with highest profits and highest market price per share. The second part concluded that company should go for Bunning project as it is the most profitable as compare to the other option available. Pearson should choose first option for making investment. References Ahmed, I.E., (2013). Factors determining the selection of capital budgeting techniques.Journal of Finance and Investment Analysis,2(2), pp.77-88. Anderson, K. (2012).The Essential P/E: Understanding the Stockmarket Through the Price Earnings Ratio. Harriman House Limited. Atrill, P. McLaney, E., (2009).Management accounting for decision makers. Pearson Education. Baker, H.K. English, P., (2011).Capital budgeting valuation: Financial analysis for today's investment projects(Vol. 13). John Wiley Sons. BiermanJr, H. Smidt, S., (2012).The capital budgeting decision: economic analysis of investment projects. Routledge. Christian, D., Ldenbach, N. (2013).IFRS essentials. John Wiley Sons. Damodaran, A. (2012).Investment valuation: Tools and techniques for determining the value of any asset(Vol. 666). John Wiley Sons. Engle, C. R. (2010).Aquaculture economics and financing: management and analysis. John Wiley Sons. Fraser, L.M., Ormiston, A. Fraser, L.M. (2010).Understanding financial statements. Pearson Higgins, R. C. (2012).Analysis for financial management. McGraw-Hill/Irwin. Lee, A. C., Lee, J. C., Lee, C. F. (2009).Financial analysis, planning and forecasting: Theory and application. World Scientific Publishing Co Inc. Tracy, A. (2012).Ratio analysis fundamentals: how 17 financial ratios can allow you to analyse any business on the planet. RatioAnalysis. Net. Vogel, H.L. (2014).Entertainment industry economics: A guide for financial analysis. Cambridge University Press. Warren, C. S., Jones, J. (2018).Corporate financial accounting. Cengage Learning. Zainudin, E.F., Zainudin, E.F., Hashim, H.A. Hashim, H.A. (2016). Detecting fraudulent financial reporting using financial ratio.Journal of Financial Reporting and Accounting,14(2), pp.266-278

What to do with alcholic paren Essay Example For Students

What to do with alcholic paren Essay What to do With Alcoholic Parents!Many kids feel that they cant do anything when a parent is an alcoholic. In fact, almost every kid who has a parent who is an alcoholic feels that there is nothing they can do. You are wrong. There are many things that you can do if you just think about the situation. If your father/mother is abusing you when he/she drinks there is much that you can do. What about if your mother/father are in denial and he/she will not listen to you when you tell them that they need counseling. There are many sides in which you can take in order to help them solve their problems. We will write a custom essay on What to do with alcholic paren specifically for you for only $16.38 $13.9/page Order now One way people can go around a certain situation is to confront the alcoholic. By doing this you can see if they are in denial with the subject. This may cause some tension is some cases, but it is worth it to know if they are in that state or not of denial. If you do ask them and they do say, Yes than you should talk with him or her and see what do you think that you should do in order to stop drinking. Some people will however, get the ideas that you are trying to run their lives, and make a big scene. If you just do it with out blaming the person and allow them to answer then they will understand and be cooperative about the matter. Another way to try and help an alcoholic is to get them into rehab or counseling. In many cases this is the best and most convenient way to help out him/her with their problem. By doing this you are realizing that the person or people have a problem, and need help. Some people will get offended in this matter, but that is the risk that you have to take. If they do get offended they should see that right there they need help. If they do not get mad or angry than maybe they did not have a problem at all, and you made a mistake. There are many counseling opportunities that one can go to in-order to get help. The people that end up going to rehab, are the ones that still remain having the problem.In many cases rehab only makes matters worse. It is a good idea in certain situations, but teenagers should not be going to these places. It makes them feel worse and causes them to drink more often. The other way that you can help an alcoholic parent is to do what they say. Sometimes kids feel that if they do what they say it gives them the gratitude of power. So some kids do not listen and that causes some of the parents to drink more often and frequently. This is one of the worst things that you can do when it comes to an alcoholic parent. Not listening to them makes them feel that you dont care about them at all. They think that you are thinking you can do what you want when you want to do it. It is not the case, but that is how an alcoholic parent sees it in his or her perspective.Yes there are many other ways you can approach an alcoholic parent, but these are the ways that I feel are most helpful. If you do come across and alcoholic the best thing you can do it to just be there for him/her when they need it.