The Pros And Cons Of Non-Based Budgeting

The Pros And Cons Of Non-Based Budgeting
Budgeting is a process to plan a budget which is used to explain fiscal expectation, expenditure and
future planning of an individual, organization or government within a certain period of time
(Olawale, et al. 2012). Up until now, there are many methods of budgeting for governments such as
traditional budgeting (also known as line item budgeting), zero–based budgeting, and performance
based budgeting (PBB). Due to its simplicity, the traditional budgeting which listed groups of
expenditure using last year's data such as office supplies, salary, electricity bill and used incremental
approach on them (Navin, 2003) has become the most popular one in many countries. However,
many people criticize this budgeting method because many believe that this budgeting method is
ineffective and inefficient. As a result, since 1990s, many countries have reformed their budgeting
method to performance–based budgeting which links directly the results and the resource allocations
(Lee and Wang, 2009). Despite the trend of budgeting reform in the world, developed countries like
Germany remain using traditional budgeting method. This result in a question, 'Is the performance
based budgeting better than traditional budgeting?'. Therefore, it is ... Show more content on
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The first advantage is PBB could curb the government's spending by comparing inputs and results
(Lee and Wang, 2009). The performance information from the previous year is used as a base to
decide budget allocation (inputs) for the current year (Robinson, 2014). In the current year, the
government's spending will also be compared to the results. Therefore, the amount of wasteful
spending might be reduced. The countries might be benefitted by this if this practice is conducted
for a long run, because it could decrease the expenditure of the country, and eventually could reduce
the possibility of fiscal
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BSBMGT515A: Manage Operational Plan Essay
Assessment Tool 2 (AT2): Written/Oral Questions
1. List some of the details outlined in an operational plan.
An operational plan, also known as an action plan, is derived from an organisation's strategic plan. It
is a more concrete, detailed document that outlines how the strategic plans of an organisation will be
achieved in practice. It includes projects to be undertaken, actions, resource policies, responsibilities
and timeframes. It outlines the actions teams/individuals within an organisation will take to achieve
its objectives and also outlines any major projects within the relative time period. An operational
plan will contain details of:
Organisational structure
Short– or medium–term business strategies
Major projects
... Show more content on Helpwriting.net ...
These adjustments are necessary to reflect actual circumstances that apply to specific projects, work
units, the organisation as a whole and the broader economic and financial climate. Within an
organisation, there is generally a senior management group or committee responsible for ensuring
the financial statements present a full and accurate position of the organisation's financial situation
and that any variants from budget are fully explained. When creating financial reports, depending on
the level of detail the organisation requires, the following sources may need to be analysed:
Budgets
Budget forecast reports
Reports of actual financial performance
Budget principle reports
Revenue reports
Expense and output reports
Balance sheet reports
Asset and cash management reports
Investment/derivative reports
Liability reports
4. Resources can mean many things when you are preparing an operational plan. What kinds of
'resources' might you have to plan for?
There are many resources that require planning for an operational plan. These can include:
Goods and services
Human resources (i.e. staff, consultants, contractors)
Physical resources (i.e. equipment, property, machinery, facilities)

Financial resources (i.e. budget allocations, money)
Stock requirements and requisitions
A process of research and consultation needs to be carried out to adequately allocate resources. A
detailed

Defend the Asset/Liability Approach of Accounting for...
Team 2: Defend the asset/liability approach of accounting for inter–period income tax allocation.
The asset/liability method of income tax allocation is balance sheet oriented. The intent is to accrue
and report the total tax benefit or taxes payable that will actually be realized or assessed on
temporary differences when their respective future taxable or deductible amounts are expected to
occur.
The book states 5 arguments:
1. The balance sheet is becoming more important financial statement. Reporting deferred taxes
based on the expected tax rates when the temporary differences reverse increases the predictive
value of future cash flows, liquidity, and financial flexibility.
2. Reporting deferred taxes based on the expected tax ... Show more content on Helpwriting.net ...
For instance, if there are any taxes law or rate changes at any time the asset or liability on the
balance sheet for the taxes will be adjusted to reflect those changes.
– This approach results in reporting deferred tax assets and liabilities at their expected realizable
values.
– The deferred method of Opinion II led to the continued increase in size of deferred tax credits
(liabilities) on the statement of financial position for most

Asset Allocation For Retirement Savings
One of the foremost vital selections majority people face at a particular age is the selection of a
portfolio of assets for retirement savings. These assets invested will be a major source of their
retirement financial gain (Campbell & Viceira, 2002). It is vital for investors to understand the
concept of asset allocation and how does asset allocation works in the market. The objective of this
research paper is to identify the asset allocation proportions in the Australian Institutional Markets,
comparing the different asset allocation in Australians superannuation fund, understanding the
concept of why property only comprises a small part of percentage in a diversified portfolio and
defining the strategies applied to allocate the assets. ... Show more content on Helpwriting.net ...
The process of asset allocation is dividing investments among different categories (Investor Words,
2015). There are four main categories of assets in the Australian Institutional Market which are fixed
interest, cash, property and shares. A large amount of money and time are devoted to the selection
and evaluation of investment managers, but fewer attentions are paid to the asset allocation (Darst,
2008). According to the Australian Prudential Regulation Authority (APRA), superannuation assets
in Australia totalled $2.05 trillion at the end of the March quarter 2015 (APRA, 2015). 52% of the
$2.05 trillion investments were allocated and invested in equities; with 24% in Australian listed
equities, 22% in international listed equities and 6% in unlisted equities. Fixed income and cash
investments accounted for 32% of the investments; 19% in fixed income and 13% in cash.
Furthermore, property and infrastructure accounted for 12% of investments and 4 percent were
invested in other assets, including commodities and hedge funds (APRA, 2015). 3.0 Literature
Review Recent studies show that they are different definitions and purpose of asset allocation within
different groups of investors. For professional investors, asset allocation usually means (i)
calculating the rates of return between various asset classes, (ii) running these variables to select
asset mixes with different risk and return profiles; and (iii) analyzing and implementing the desired
asset allocation. Whilst

The Effects Of Internal And International Migration On...
Results
We divide our analysis of the impacts of migration on how children allocate their time in the short–
run in two parts. In the first part, we discuss the results of the effects of internal and international
migration on children's time outcomes using the treatment effect models, and in the second part, we
present the results of the analysis of time allocated to non–school related activities and total
studying time using SUR and Heckman models. All of the models predict the number of hours
allocated to each activity per week.
Whether internal, international migration or both, the influence on children's time use may vary
depending on the activity we are observing. In addition, remittances could be the channel through
which migration impacts the time allocated to a particular activity, or there could be an effect
regardless of the reception of remittances. In order to identify general patterns, we first estimate
OLS regression models predicting the number of hours children allocate to each of the four
activities of interest (Table 4).
The results presented in Table 4 indicate that once adjusting for individual and household
characteristics, migration impacts children's allocation of time through different channels. Living in
a household with at least one international migrant but that does not receive remittances has a
positive and statistically significant association with the number of hours that children allocate to
farm work and study. Children allocate on average 8

Action Plan For Reporting Waste And Abuse
Action Plan for Reporting Waste and Abuse in the Air Force
In fiscal year 2014 it is very clear that there needs to be a better reporting of all of the materials that
are owned and are held by the Air Force. It is important to make sure that there is a complete
accounting of all of the materials such as parts, ammunition, and other items that belong to the air
force so that it will be possible to ensure that in any location there is no issue that the materials will
be in the hands of anyone else. The allocation is supposed to serve through departmental roles, with
the chiefs of each department consenting to any requested sub–budgetary allocation requested by the
service men and women in their departments. The offices include the operations office, the general
counsel's office, the information and communication office and the human resource office. All
actions that will be recommended for this case might not show specific dates, since the military
requires a series of approval steps for any implementation, and delays might occur. In addition, the
air force is sometimes caught up in emergency situation that lead to freezing operations for security
purposes. It also leads to delays and rechanneling of allocated budgets to the emergency situation.
The 2014 budget is used in this paper, since it has already been implemented, therefore researchable.
The fiscal year 2016 was presented to the Chief of Staff, the Chief Operating Officer, and the Chief
Information Officer and the

Asset Allocation Based On Beta And Alpha Drivers Essay
Asset Allocation Based On Beta and Alpha Drivers By Elisha Chikosi | Submitted On January 16,
2013 Recommend Article Article Comments Print Article Share this article on Facebook Share this
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Share this article on Pinterest Expert Author Elisha Chikosi Asset allocation is one of portfolio
management 's primary concerns. Asset allocation answers several questions. What risk–return
trade–off are we comfortable with? In other words what amount of risk are we prepared to take to
make a certain level of active return? At every level of active return there is an equivalent amount of
risk. Many portfolio managers are judged merely on the return they have achieved without
subsequent analysis of the risk they took to produce that return. This is the reason why we have seen
the advent of new rogue traders like Kweku Odoboli. These traders want to make positions that give
a certain amount of return so as to meet their stringent benchmarks. Asset allocation can be done
using either alpha or beta drivers. The alpha drivers measure the manager 's skill to generate the so–
called active return. Active return is the difference between the benchmark and the actual return.
Alpha is more aggressive and aims to achieve returns in excess of the stated benchmarks. Alpha
drivers are normally

Strategic Asset Allocation Has Proved That It Improves...
Investment Philosophy Global asset allocation has proved that it improves investors returns and
reduces portfolio risk. In this report, you will find our global asset recommendation combining
different asset classes, such as equities, bonds and currencies, in order to diversify risk and improve
the return on investment. In our investment thesis, we pursue both strategic asset allocation (SAA)
and tactical asset allocation (TAA). SAA is a long–term approach to determine the portfolio, while
TAA is a short–term approach where the managers will seek to take advantage of market
inefficiencies. The combination of both strategies will lead to an increase in expected returns for our
clients, and by using Black–Litterman model, we will obtain an optimal portfolio, which you will
find in Exhibit 1. Global Scenario: Seeking a new 2017 Starting 2016, we all believed that it was
going to be a year of market stability and global growth, little did we know that although the market
continued rallying, the global economy didn't have enough change. The market continued delivering
uncertainty, and what we thought was the Fed increasing rates, we witnessed a doubtful Fed with
more questions than answers, lowering market's probability of a Fed rate increase. The outlook is
not certain either, with the US with a controversial president–elect and UK exiting the EU, we still
have a lot to endure. However, if we have to pick a base case, we would choose a rebound in global
economy due to

Otpp Case Study Essay
Case Study
Ontario Teachers' Pension Plan
Patrick Jordan, John Schneider, David Mundorf, Alexandre Champavere, and Lezhi Huang
Table of Contents
Ontario Teachers' Pension Plan............................... 2 Background
.............................................................. 2 Risk Assessment ....................................................... 2
Portfolio Selection Analysis ...................................... 3 Optimal Asset
Allocation.......................................... 4 Recommendations.................................................... 4
References ................................................................ 5 Exhibit
1.................................................................... 6 Exhibit 2 ... Show more content on Helpwriting.net ...
They also affect the book value of the liabilities, which is used to calculate the current surplus or
deficit of the OTPPB. This is important because the contribution rate is set according to the asset–
liability gap. Changes in the inflation rate have a considerable effect on the size of the liabilities of
the fund since the benefits are almost perfectly indexed to the consumer price index (CPI). An
unexpected rise in inflation would lead to an immediate increase of cash outflow, but wages and
thereby cash inflow would likely increase only after some delay and at a lower rate.
Interest Rate Risk
Inflation Risk
1
One–year 95% Canadian Dollar VaR of 21.43%
2
Demographic Risk and Salary Risk Currency Risk
A rise in teachers' salaries and a considerably longer life expectancy without an equivalently longer
period of employment poses a long–term risk for the fund. The future benefit payments depend on
the average of the five highest annual salaries and so if salaries rise the liabilities will tend to
increase more than contribution inflows. Moreover, if life expectancy increases, retired teachers
receive benefits over a longer period without having contributed additional monies to the fund.

Currently, a maximum of 20% of the portfolio may be invested in non–North American equities.
This is necessary for diversification purposes but also poses some exchange rate risk.
Market risk,

Hndbyebye
1. Introduction Faboil Ltd is a successful organisation in the biotechnology field. The paternal
approach is the most important factor for the success of credit for the company. At present, the
monopoly position of Faboil Ltd has slowly eroded away and faces two competitors. The major
causes are that the new products have failed to live up to market expectations and its modus
operandi technology is at a backward stage. There are some conflictions in the coordination between
departments. When Dr Brownlow believed that selecting Brenda Frame and Judith Smythe is a
smart move, Richard and Fred were both negative about the course and suggested that no long–
lasting benefits would be achieved. Purchasing team and sales and marketing team ... Show more
content on Helpwriting.net ...
She also should study to broke record. She can use this when refusing unreasonable request and not
please everyone by doing excessive working. 4. Conflict of Carole and the Resolution Conflict is
process which begins when one party perceives that another party has negatively affected, or is
about to negatively affect, something the first party cares about. There is a conflict between Carole
and Joanne. It belongs to the interpersonal conflict. Carole asked Joanne to take over the network
analysis because she thought it is Joanne's specialism and is from a moral point of view, but Joanne
refused to take on the additional workload because she thought that she is carrying out what Richard
asked of her. The sources of conflict in working place include different goals, different time frames,
different relationship, unequal power distribution, unclear roles & responsibilities and limited
resources. The cause for the conflict of Carole is the different goals. The incorrect authority of
Richard leads to the vague of working role, and in a great degree leads to the conflict. The
consequence is that reducing personal and organizational performance, damaging to physical and
emotional well–being, increasing the high stress levels and poor attitudes to work and harming the
personal and working relationship between each other. Dealing with conflict can

Blake Romney Ethics Case, Unit 5 Ac330
This week's Discussion topic is BYP7–7, Ethics Case, on page 330 of your textbook which reads as
follows:
"Blake Romney became Chief Executive Officer of Peters Inc. two years ago. At the time, the
company was reporting lagging profits, and Blake was brought in to "stir things up." The company
has three divisions, electronics, fiber optics, and plumbing supplies. Blake has no interest in
plumbing supplies, and one of the first things he did was to put pressure on his accountants to
reallocate some of the company's fixed costs away from the other two divisions to the plumbing
division. This had the effect of causing the plumbing division to report losses during the last two
years; in the past it had always reported low, but acceptable, ... Show more content on
Helpwriting.net ...
The loss of jobs can have a devastating impact on a community and on the morale of remaining
employees. From a financial perspective, closing a division that is reporting losses will not
necessarily increase the reported net income of the company. The reason: if fixed costs that have
been allocated to a division that is closed are reallocated to the remaining divisions, the company's
net income might actually decrease. This sounds like it would most likely be the case at Phelps.
(b) It is not unusual to reevaluate fixed cost allocations periodically. However, the allocation should
be based on the underlying economics of the situation rather than the motives of individuals.
(c) Robert should explain to the board of directors that the change in income is due to a reallocation
and that closing the plumbing division is not advisable. In this case, being honest is not only the
ethical thing to do, but it will also maximize the company's net

The Social Responsibility Of University Of Manchester
University of Manchester not only charges its social responsibilities for the people in school, but
also does them for the people around the world. So the question about how University of
Manchester can perfectly perform its social responsibility is really considerable. The topic of my
essay will be that management contributes to the University of Manchester's vision for social
responsibility through achieving a delicate balance in allocating resources. I will mainly introduce
the idea about how management allocate human resource and financial resource and how it relates
to the social responsibility of University of Manchester.
University of Manchester, as a huge educational organization, is made up by thousands of staffs.
Undoubtably, these staffs are the one to perform the social responsibility. This is where to show
management on human resources is extremely vital.
Management should pre–realize the different functions of the departments of University and than
managing employees. In this case , human resources manager will be familiar with and obey the
disciplines of managing. First of all, they recruit and employ the staff through the most just and
ethic progress. The University of Manchester has aimed to be fair on employing so that they provide
the jobs to types of people from different countries with different race and religions and also do give
the same chance to the disable people as they have ability to undertake the job. Another case that is
worth to mention

Comparison Of Human Capital, Asset Allocation, And Life...
In this paper I will discuss and summarize three articles, "Human Capital, Asset Allocation, and Life
Insurance" by Peng Chen, Roger G. Ibbotson, Moshe A. Milevsky, and Kevin X. Zhu, "Asset
Allocation in a Crisis" by Brian Jacobsen, and "The Pool and the Stream" written by Susan
Trammell. In "Human Capital, Asset Allocation, and Life Insurance" the author is trying to prove
that even though asset allocation and life insurance decisions have been considered separately in the
past, they need to be looked at together because of the affect human capital has on optimal asset
allocation and life insurance demand. "We argue that these two decisions must be determined jointly
because they serve as risk substitutes when viewed from the perspective of an individual investor's
portfolio." These decisions are related to human capital because it is single handedly the largest
asset an investor owns. Human capital is the present value of future labor income and is calculated
by the sum of future earnings divided the discount rate (the function of the volatility of income). It is
defined by the skills, knowledge, or other intangible assets of an individual that can be used to
create monetary value for the individual, and is also the best defense against inflation. When an
investor is young they have far more human capital than financial wealth because they haven't had
time to save and accumulate financial capital. On the contrary, older investors tend to lose human
capital as

Plum Electronics
ABC case study: Plum Electronics
Plum Electronics, a division of Berry Corporation, manufactures two large–screen television
models: the Mammoth, which has been produced since 2009 and sells for $990, and the Maximum,
a newer model introduced in early 2011 that sells for $1,254. Based on the following income
statement for the year ended November 30, 2013, senior management at Berry have decided to
concentrate Plum's marketing resources on the Maximum model and to begin to phase out the
Mammoth model because Maximum generates a much bigger operating income per unit.
Plum Electronics Income Statement for the Fiscal Year Ended November 30, 2013
Mammoth
Maximum
Total
Revenues
$21,780,000
$5,016,000
$26,796,000
Cost of goods sold
13,794,000 ... Show more content on Helpwriting.net ...
He is also aware that a sizable portion of Clark's bonus is based on division revenues. Phasing out
either product would adversely affect his bonus. Still, he feels some pressure from Clark to do
something.
(Adapted from Managerial Accounting: Making Decisions and Motivating Performance, p248)
Questions:
1. What type of organization is Plum Electronics? Manufacturing, merchandising or service?
2. What are their products?
3. What type of costing system are they currently using and what are the current cost allocation
bases used for indirect costs?
4. What is the costing issue currently facing the company?
5. What is the alternate costing system that is being proposed? Describe the alternate system in
detail.
6. What are the advantages of the alternate costing system?
7. What is the potential ethical dilemma facing the management accountant in this scenario?
Answers:
1. What type of organization is Plum Electronics? Manufacturing, merchandising or service?

Plum Electronics is a manufacturing firm.
2. What are their products?
Plum manufactures large–screen televisions; they have two models: the Mammoth and the
Maximum.
3. What type of costing system are they currently using and what are the current cost allocation
bases used for indirect costs?
Plum's simple costing system allocates all manufacturing overhead on the basis of machine–hours,
an output unit–level cost driver. Consequently, the more

Business Behavioural Skills
1. Introduction Faboil Ltd is a successful organisation in the biotechnology field. The paternal
approach is the most important factor for the success of credit for the company. At present, the
monopoly position of Faboil Ltd has slowly eroded away and faces two competitors. The major
causes are that the new products have failed to live up to market expectations and its modus
operandi technology is at a backward stage. There are some conflictions in the coordination between
departments. When Dr Brownlow believed that selecting Brenda Frame and Judith Smythe is a
smart move, Richard and Fred were both negative about the course and suggested that no long–
lasting benefits would be achieved. Purchasing team and sales and marketing team ... Show more
She also should study to broke record. She can use this when refusing unreasonable request and not
please everyone by doing excessive working. 4. Conflict of Carole and the Resolution Conflict is
process which begins when one party perceives that another party has negatively affected, or is
about to negatively affect, something the first party cares about. There is a conflict between Carole
and Joanne. It belongs to the interpersonal conflict. Carole asked Joanne to take over the network
analysis because she thought it is Joanne's specialism and is from a moral point of view, but Joanne
refused to take on the additional workload because she thought that she is carrying out what Richard
asked of her. The sources of conflict in working place include different goals, different time frames,
different relationship, unequal power distribution, unclear roles & responsibilities and limited
resources. The cause for the conflict of Carole is the different goals. The incorrect authority of
Richard leads to the vague of working role, and in a great degree leads to the conflict. The
consequence is that reducing personal and organizational performance, damaging to physical and
emotional well–being, increasing the high stress levels and poor attitudes to work and harming the
personal and working relationship between each other. Dealing with conflict can

Human Capital, Asset Allocation, And Life Insurance
In this paper I will discuss and summarize three articles, "Human Capital, Asset Allocation, and Life
Insurance" by Peng Chen, Roger G. Ibbotson, Moshe A. Milevsky, and Kevin X. Zhu, "Asset
Allocation in a Crisis" by Brian Jacobsen, and "The Pool and the Stream" written by Susan
Trammell. In "Human Capital, Asset Allocation, and Life Insurance" the author is trying to prove
that even though asset allocation and life insurance decisions have been considered separately in the
past, they need to be looked at together because of the affect human capital has on optimal asset
allocation and life insurance demand. "We argue that these two decisions must be determined jointly
because they serve as risk substitutes when viewed from the ... Show more content on
Helpwriting.net ...
As you can see in the graph "Expected Financial Capital and Human Capital over the Working–Life
Cycle", as the investor ages (pre–retirement) human capital decreases and their financial wealth
increases.
Life Insurance The reason for life insurance is to safeguard the most valued asset a young investor
has, human capital. The investor is protecting his future earnings against lifetime uncertainty. In the
event of passing away, the insured's heirs or dependents will be given a sum of money to replace the
wages he provided. Commonly, policies are bought to hedge against the mortality risk, "so human
capital affects both optimal asset allocation and demand for life insurance." Mortality risk is hedged
by life insurance because the more human capital an investor has, the more life insurance he will
need. This is perfect because of the negative 100 percent correlation the consumption (alive) and
bequest (dead) state have with one another.
Asset Allocation and Life Insurance are Dependent on Human Capital "Motivated by the need to
integrate these to decisions, we merged these traditionally distinct lines of thought together in one
framework." Up until now, this idea has never been explored or looked into. The goal of this idea
was to see if one variable affected the other and what affect it had on the overall portfolio. The way
this idea ties into the amount of life

Modern Portfolio Theory : Our Asset Allocation Strategy
We employ the modern portfolio theory in our asset allocation strategy. We take into consideration
personal risk tolerance to create clients' portfolios. The modern portfolio theory posits that an
investor should be rewarded for taking on risk by receiving an appropriate amount of extra return
and concomitantly. This means higher returns normally carry greater risks. What this means for you
is that one can't simply judge an investment by its rate of return; the investment may be riskier than
it should be for the return it generates. Risk is defined by an asset's price volatility and it comes in
two forms: Systematic and Unsystematic. Systematic risks are risks one cannot avoid such as market
risk, interest rate risk, currency risk, ... Show more content on Helpwriting.net ...
Please provide us with the master list of available funds in his retirement plan. You are not
adequately diversified in your current retirement accounts. A majority of your assets are invested in
the Large Cap Growth asset class. This does is not appropriate for you based on your risk tolerance
score. We have more generously allocated the assets in your retirement accounts. Please refer to the
asset allocation report for details on how to reallocate your investments. For your non–employer
retirement plan, we recommend employing a discount brokerage such as TD Ameritrade/E–Trade
account. Tax Planning Your adjusted gross income (AGI) is 260,127. Your future salaries (which we
have assumed to grow at just 2% per year) may increase significantly. Therefore, you may be
subject to many tax constraints in the future. The American Taxpayer Relief Act of 2012 made a
number of changes that impact individuals. Itemized deduction limits and personal exemptions are
phased out for joint filers with incomes greater than $300,000. If your combined income increases,
this may apply to you. The Affordable Care Act also has income tax provisions. There is a new
Medicare tax of 0.9% on earned and unearned income for joint filers whose AGI exceeds $250,000.
Net investment income (which includes interest, dividends, capital gains, royalties, annuities,
passive rental income and distribution from retirement plans) for joint filers whose modified
adjusted

Types of Risks in Investments and Asset Allocation
Definition Investor tends to make investment based on personal preferences regarding risk tolerance
and investment horizon. Risk tolerance is the amount investment that the investors willing to lose
for the greater expected returns. Investment horizon is the timeframe set by the investor to achieve
their investment objectives. There is several investment strategies such as asset allocation that can
assist investor to makes a better investment decision. This decision can cater the needs to balance
the risk and return by the individual investor in which assisting them to adjust the portion of
investment in each of the portfolio invested. However, a degree of risk and return might be vary
according to the different asset types. The idea ... Show more content on Helpwriting.net ...
The equities and bonds will served better for medium and long term investment and it is very useful
for retirement tools. Cash–equivalent assets classes faced a huge exposure of inflation in a long run.
Hence, this make it more suitable for short term investment. Choosing Asset Classes (Phase 3) As
the investor have a brief idea about shares and bonds it is time for the investor to decide on how to
allocate those assets in a niche segment of investment. For shares, investor can choose either to
invest in a local market or abroad market. Diversification of investment location will result in a
decline of risk bear by the investor. Instead of that, they also can benefit from the international stock
market movement. The investor can choose either to invest in a new and small company or to invest
in a big and well established firm. Investment in a new and small company usually required less
capital since their shares can be acquired at a low cost and it is also known as penny stock. The
shares price for those company is very volatile and because of its volatility, investors can expect for
a promising return but they need to aware that it is a risky investment. On the other side, big and
well established firm usually have their shares traded at a very high price and their stocks are less
volatile compare to the penny stock which means it is less risky. The nature of bond is to growth
with a little risk. The nominal bonds can be divided into two type the government bond

Johnson Beverage Inc
Robert KennedyCollege
|Financial Management |
| |
|Number of the assignment: Final Assessment |
|Name of the assignment: Johnson Beverage Inc |
| |
|Date: November 26th , ... Show more content on Helpwriting.net ...
JBI distributes principally bottled sports drinks provided by small specialty beverage companies.
The company's discounts policy depends on customers and is based on a number of commercial
factors.
One of JBI's best and most loyal customers for years, Saver Superstore, had been approached by a
competitor and may want to negotiate a lower price for its product purchases.
During a meeting held to address the situation Johnson's accountant Jim Thomas presented a
compiled report on customers profitability and profit margin where customer service costs are
allocated to customers as a percentage of revenue. This analysis brought Johnson to the conclusion
that Saver Superstore is not a very profitable customer compared to other client retailers ,that it is
one of their lowest–margin customers and he can't consider lowering prices for them.
The operation manager for JBI suggested considering that Saver Superstore is an easy to deal with
partner unlike some other customers that make the business spent a lot of time on their rush orders
.This comment brought Johnson to wonder about the customer service costs structure and allocation
system. The current system allocates these costs based the revenue generated by each customer
which assign a large share to Saver Superstore the biggest one.
JBI's accountant Thomas suggested collecting information about the time and the amount of activity
devoted to customer which might help the company

Allocation Of Ordinary Maintenance Expenditures
Allocation of Ordinary Maintenance Expenditures (1b)
Similarly I used the ABC model to determine the amount of non–personnel expenditures (or
ordinary maintenance) allocated to each Traffic Unit activity. Lieutenant Allen did not fully account
for the other overhead or maintenance expenditures assigned to Traffic Enforcement such as
training, office supplies, vehicle repairs, motor gas and oil costs. Our ABC analysis allocates
approximately $19,049 in ordinary maintenance expenditures to Traffic Enforcement (significantly
more than the $500 estimated by Lieutenant Allen from the line–item budget). Based on staff
interviews and the ABC model, these expenditures (training, office supplies, and professional
services) are allocated in a ... Show more content on Helpwriting.net ...
The City appropriately uses a cost driver related to vehicle usage given its direct relationship to the
designated expenditures (vehicle repairs/gas and oil expenses) incurred by the Traffic Unit. By
applying a cost driver, the City of Somerville will objectively allocate expenditures across the
Traffic activity units that directly benefit from the cost incurred.
The City ABC team, in consultation with a top City manager, inventoried six activity centers within
the Traffic Unit: (1) Investigate Accidents; (2) Manage Tow Companies; (3) Traffic Enforcement
(including ticket issuance and court prosecution of tickets); (4) Staff/Supervise Crossing Guard
Posts; (5) Process Data; and (6) Organize Special Events. In these six activities, the Mayor has
prioritized the traffic enforcement activity as an important cost for the City to control. The traffic
enforcement activity includes vehicle–related costs (i.e. Repairs – Vehicles and Motor Gas and Oil).
Considering that using City vehicles throughout the municipality is likely needed for the remaining
five activities within the Traffic Unit program, it is difficult to decide on the proportion of vehicle–
related expenditures that should be assigned to the "traffic enforcement" activity pool. Based on the
Traffic Unit line–item

Strategic Asset Allocation Is Defined As A Portfolio Strategy
Question 1 Strategic asset allocation is defined as a portfolio strategy that entails determining
specific target allocations of major asset classes in order to attain a more stable return and a more
consistent distribution of risk within the portfolio, regardless of market fluctuations (Albrechtslund
et al. 2008). This strategy requires constant periodic rebalancing of the portfolio back to its initial
allocations when market fluctuation causes substantial changes in the asset returns. Therefore, it is
evident that strategic asset allocation is extremely crucial for superannuation funds such as State
Trust Corporation, because it involves balancing each asset class' prospective returns as well as their
potential risks undertaken for the ... Show more content on Helpwriting.net ...
The main reason for this occurrence is to provide fund members with different choices of strategies
that have different strategic asset allocations and investment objectives that can better suit their
unique and respective preferences. If a superannuation fund was to provide merely one default
strategy without giving members a selection of differing asset allocations, they would undoubtedly
be very restricted and may be unable to fulfil their investment objectives. Consequently, they would
opt for another superannuation fund that enables them to better maximize their savings and wealth.
Case in point, State Trust Corporation's Growth Strategy's strategic asset allocation comprises
54.0% liquid growth, 31.5% alternatives and 14.5% liquid defensive, with an investment objective
aiming to maximise the earnings rate subject to a greater than 50% probability of exceeding
CPI+4.5% p.a. over rolling 10 year periods. This strategy is appropriate for those who want
relatively high returns and have medium to high risk tolerance, and with a long term investment
horizon. On the other hand, the Balanced Strategy has a strategic asset allocation of 38.0% liquid
growth, 27.7% alternatives and 34.3% liquid defensive with an investment objective of maximizing
the earnings rate subject to a greater than 60% probability of exceeding CPI+3.0% pa. over rolling 7
year periods. This strategy is ideal for members with medium term investment

Action Plan For Reporting Waste And Abuse
Arlecia Johnson
September 15, 2016
Action Plan for Reporting Waste and Abuse in the Air Force
In fiscal year 2014 it is very clear that there needs to be a better reporting of all of the materials that
are owned and are held by the Air Force. It is important to make sure that there is a complete
accounting of all of the materials such as parts, ammunition, and other items that belong to the air
force so that it will be possible to ensure that in any location there is no issue that the materials will
be in the hands of anyone else. The allocation is supposed to serve through departmental roles, with
the chiefs of each department consenting to any requested sub–budgetary allocation requested by the
service men and women in their departments. The offices include the operations office, the general
counsel's office, the information and communication office and the human resource office. All
actions that will be recommended for this case might not show specific dates, since the military
requires a series of approval steps for any implementation, and delays might occur. In addition, the
air force is sometimes caught up in emergency situation that lead to freezing operations for security
purposes. It also leads to delays and rechanneling of allocated budgets to the emergency situation.
The 2014 budget is used in this paper, since it has already been implemented, therefore researchable.
The fiscal year 2016 was presented to the Chief of Staff, the Chief Operating Officer, and

Time Management Is A Misnomer
Time Management
In many respects the term time management is a misnomer. After all, it implies that in some way or
another we can control time, which is simply impossible to do. Each one of us has exactly the same
amount of time in a given day and none of us get a "do over." Some people feel that they are
constantly under pressure, going from pillar to post as they try to accomplish what they need to do.
They feel that they're constantly under stress and never able to catch up and consequently these
people do struggle to achieve what they're trying to achieve and become successful. However, other
people seem to march forward relentlessly with their plans and strangely enough never appear to be
watching the clock at all. We need to find out what their secret is and what their approach to time
management is too.
One of the first things that you need to commit to when learning time management is change. You
are going to have to look at your entire life in a different light and become very sophisticated when
it comes to allocation, delegation and decision–making. You're going to find that your interpretation
of time management differs significantly from that of other people. After all, remember that a
majority of people with ... Show more content on Helpwriting.net ...
You don't need to be a slave to the old way of doing things or to established systems if they simply
do not make sense. Critically assess these old systems and don't be afraid to change them. When it
comes to old habits, checking e–mail has got to be one of the worst. If you have your e–mail set up
so that it automatically delivers new e–mails to you every 30 minutes or so, switch off that
automation to start with. Bury the habit of checking your e–mail first thing in the morning and
automatically diving into the process of putting out fires associated with incoming e–mail requests.
Allocate a specific time each day to check e–mail and continuously question any request that may be
marked by its originator as

Buckeye National Bank
Activity Based Costing in the Service Sector: The Buckeye National Bank 1. a) single indirect cost
allocation rate:
total indirect costs/total amount of checks processed
$2,850,000/$95,000,000 = $0.03 per dollar processed
b) total annual indirect cost assigned to the retail customer line and the business customer line:
amount of checks processed x allocation rate = total indirect costs $9,500,000 x $0.03 = $285,000
(retail customers) $85,500,000 x $0.03 = $2,565,000 (business customers) $95,000,000 x $0.03 =
$2,850,000 (total)
The allocations are driven by the amount of the checks processed
c) proportion of total indirect cost assigned to the retail customer line and the business customer
line: indirect costs of ... Show more content on Helpwriting.net ...
The ABC system allocates indirect costs based on each activity of the retail and business customers.
This system shows that 20% of checks processed were from retail customers and 80% were from
business customers. 8. Average contribution to profit per account: revenue per account – cost per
account = profit/loss per account $10 – $11.15 = ($1.15) (retail customers) [$1,672,500/150,000 =
$11.15] $40 – $23.55 = $16.45 (business customers) [$1,177,500/50,000 = $16.45]
The ABC system shows that the business customers are profitable and the retail customers are not,
the opposite of what the original system shows. A manger would try to increase business customers
and increase fees for retail customers. 9. I think the strategy is unwise because with the original
system, management's strategy was to increase retail customers rather than business customers,
when the ABC system shows that retail customers are not profitable. The bank might try to attract
new business customers to increase profit. 10. The ABC system can help the bank by pricing their
services more appropriately and measuring the profitability of the different services they offer to
different customers. It can also use ABC to improve in areas and cut down their costs.
11. The ABC system can point out areas to save costs, which can increase the banks

Health Care Budget Paper
Health Care Budget Paper Financial Management means planning, organizing, directing and
controlling the financial activities such as procurement and utilization of funds for an organization.
It means applying general management principles to financial resources of the enterprise or
organization. The scope of financial management can cut across a wide range of the organizations
departments and can involve investment decisions including investment in fixed assets. Investment
in current assets is also a part of investment decisions called working capital decisions. Financial
management also involves making financial decisions. These relate to the raising of finance from
various resources which will depend upon decision on type of ... Show more content on
Helpwriting.net ...
Linking the two gives all managers and employees a clearer understanding of strategic goals. This
understanding, in turn, leads to greater support for goals, better coordination of tactics, and,
ultimately, to stronger companywide performance. Companies that apply best practices find that
communication plays an important role in creating this link.
Design procedures that allocate resources strategically: Within any company, competition for
resources is inevitable. Every function and business unit needs funding for both capital and
operating expenses – usually in excess of the actual resources available. This makes it critically
important for companies to design procedures so that resources are allocated to support key
strategies. Organizations that adopt best practices find that resource allocation is part science, part
art. Fortunately, following certain best practices leads to better results. One such practice is
coordinating the review of operating and capital budgets. Doing this gives managers insight into the
ways in which changes in one budget affect the other.
Tie incentives to performance measures other than meeting budget targets: Many organizations still
evaluate managers primarily on how closely they hit budget

Chemical Bank Case
CHEMICAL BANK – Allocation of Profits EXECUTIVE SUMMARY The overall profitability of
Chemical Bank has been negatively affected by a decrease in profit contribution from Due Bills.
There is an external threat of reduced interest rates and internal threats in the form of misalignment
between involved divisions. The following suggestions aim to counteract this development 1.
Increasing sales volumes of Due Bills a. Allocate 100% of profits from customer fees to Metro b.
Aligning Metro's branch managers' Point System with increasing sales i. Incorporate Due Bills in
the Point System 1. when all fee profits from Due Bills are allocated to Metro, they fall under
"Direct Fees" ii. Increase the point value for "Direct Fees" ... Show more content on Helpwriting.net
...
The latter has further been exacerbated by a lack of incentives for Metro branches, the main sales
and marketing agents for the product, to sell Due Bills. KEY PROBLEMS 1. Decreased sales
volumes of Due Bills has a detrimental effect on the bank's overall profitability. Metro, the division
responsible for up to 85% of sales of Due Bills not only lack incentives to sell Due Bills; they have
incentives not to sell Due Bills due to: The existing Point System wherein Due Bills are not
rewarded. They are incentivized to sell Super–Saver Accounts which has a lower contribution
margin than Due Bills, and also cannibalizes on Due Bills. Selling Due Bills result in a negative
bottom line for Metro. 2. Administrative tasks are performed at a third division, Trust and
Investment Division [T&I] that is not directly accountable for costs as they are

Harmony with the Environment
The results of data analysis indicated the priority of structure on other mentioned obstacles.
Inappropriate structure may decrease flexibility and may also weaken organizational ability to be in
harmony with the environment especially whenever the organization needs alteration in the strategic
priorities in order to improve its competitive place. Allocation of the highest priority to the structure
may show inefficiency of the efforts of contractual companies managers in order to prepare
structural sequences which may help execution of strategies in addition to facilitate activities of the
companies in the field of contractual works. The inefficiency, may show its effects on decrease in
flexibility against the changes, in the shape of increase in organizational costs, and inability to
attract market opportunities. Among the set of obstacles under study, resources allocation received
highest priority after structure. The negative results of this factor on strategy implementation in
contractual company may refer to its role in decreasing creativity and innovation in organizations.
Third priority is belonging to operational planning. Inability to interpret organization strategy to the
operational plans has been always one of the most important issues, under attention of the researches
and delivered the most damages to the goals sympathy in different organizational stages. Weakness
in operational planning, similar with inappropriate structure, may decrease ability of coping with

Risk Allocation Essay
RISK ALLOCATION IMPORTANCE IN PROJECT STRUCTURING AND CURRENT
PRACTICES
I. Introduction
Project finance is best understood in terms of a risk allocation which reconciles the potentially
conflicting objectives of borrowers and lenders by utilizing the long–term economic and commercial
linkages between the sponsors, lenders and third party participants involved with a project.
(Howcroft &Fadhley, 1998).
In theory, the basic principle of risk allocation for the project finance is "Allocating project risks to
the most suitable participant whose risk preference is higher" (Xiao, 2003).
Severe consequences follow from the failure to accurately identify and allocate risks. These
consequences often extend beyond the immediate parties to the ... Show more content on
Helpwriting.net ...
In this paper, an extensive literature review is undertaken to evaluate the importance of risk
allocation to project stakeholders and discuss current practices. However, the complexity of this
topic is beyond the scope of this paper. Hence, the attention is towards the direct participants, even
though other stakeholders will also be tangentially mentioned. Also, as PPP is developing fast in the
area of project finance and its importance is increasing, I have used it to illustrate some of the points
made in the current risk allocation practices.
II. Importance of risk allocation in structuring from the angle of stakeholders
The structure of a project's financing depends on the industry the transaction is taking place, the
underlying business model and in particular the allocation of risks and responsibilities between the
individual partners (Weber & Alfen, 2010).
Risk allocation is performed as part of the development of the project structure, which takes into
account the distribution of responsibilities and risks during the planning, construction, financing and
operating phases (Corner, 2006). The aim is to identify an efficient and effective structure that
optimises the costs of the project and ensures that the risk occurrences do not damage the project
(Delmon, 2009). According to Grimsey and Lewis (2007) risk allocation has two elements: optimal
risk management and value for money. The first implies that the

Rivermore portfolio Essay
Rivermore College
This is a mean–variance optimization case.
Software needs: Spreadsheet optimizer (Excel Solver) or use a commercial package.
Concepts: performance evaluation with historical data, forecasting asset returns, portfolio choice
with input uncertainty.
Computer skills: development and/or use of a mean–variance optimizer
Case
Roberta Tyler consultants to several university investment offices around the country.
She specializes in asset allocation studies. She has accumulated performance figures from a number
of different university endowments, as well as information about the typical stocks/bonds/cash
mixtures common in the endowment universe. She practices a broad policy approach which means
that she makes ... Show more content on Helpwriting.net ...
Last, but not least, Weaver wanted to know whether the board should concern themselves with
fundamental questions such as whether the endowment is adequate for the school's future needs.
Can they continue their current policy? What if enrollment continues to decline?
In addition to these allocation decisions, Weaver wished to know whether the money managers
closely followed the fixed stated objectives of the endowment. He asked
Tyler whether there was a way to address this issue.
In preparation for his initial meeting with Tyler, Weaver prepared a list of basic issues he wished her
to explore.
1) How well did the Rivermore portfolio perform over the 1970–1994 period? How should
performance be measured? Are their managers performing well?
2) What benchmark return should they expect from their portfolio, given their current mix of assets?
What benchmark return might they expect for their current level of risk?
What is the lowest level of risk they should expect for their current level of historical return? 3)
Should they consider changing their policy mix? What time period of estimation should they use as
inputs to the optimization process?
4) What would be the long–term expected return of her recommended portfolio? How does this
compare to the long term expected return of the current portfolio mix?
5) Use regression analysis to determine whether the historical weights on the asset classes match the
policy weights.
When

Managerial Accounting: Chapter 4 Case 2
Chapter 4
Case 2: Greetings Inc.: Activity–Based Costing
Solution:
1. An activity–based costing system may be appropriate for Wall Décor, when overhead allocation
based job–order costing provides product cost distortion. As seen on previous case, this distortion
happens when one product is manufacturing in high volume and the others are manufacturing in
complexity as well as in low volume. In this situation Wall Décor should change its costing system
for selling its high volume produced products whereas low–volume produced products have good
profit.
2. The activity–based overhead rates for each of the four activities:
Activity Estimated Overhead Expected use of Cost Drivers Activity–Based Overhead Rates Picking
... Show more content on Helpwriting.net ...
Because more categories and more refining provide more accurate information, but it is really
difficult and costly to track more categories. The best option is to simplify the categories, in result,
reducing the cost of ABC system.
7. When allocating fixed overhead costs using operating capacity, it is easy to determine how much
each product costs at capacity and be able to manage the costs based fixed overhead costs. But when
allocating fixed overhead costs using the expected unit sold, then overhead allocation will be
distorted. By allocating overhead costs based on capacity this distortion can be avoid. That is why,
using the operating capacity for allocating fixed overhead costs can result accurate cost.
8. a) Allocation the overhead to the three product categories:
Unframed prints Steel–framed print, with no matting Wood–framed prints, with matting Volume–
expected unites sold 80,000 15,000 7,000 Manufacturing Overhead
Picking prints
(0.30×80,000) 24,000
(0.30×15,000) 4,500
(0.30×7,000) 2,100

Inventory selection and management
(0.70×80,000) 56,000
(1.40×15,000) 21,000
(2.10×7,000) 14,700
Web–site optimization: Unframed
(0.258×80,000) 20,640 Framed
(4.128×15,000) 61,920
(4.128×7,000) 28,896 Framing and matting
(2.10×15,000) 63,000
(2.10×7,000) 44,100 Total cost $100,640 $150,420 $89,796
b) Total amount of manufacturing overhead

Investigating The Performance And Financial Position Of An...
A Reporting Entity as per SAC 1(para 40) means, an entity which, regardless of any sector, has
stakeholders who rely on the general purpose financial reports, evaluate the performance and
financial position of an entity and make decisions regarding allocation of resources. Hence, an entity
will be called as an reporting entity, if there are users who would rely on the analysis provided by
the GPFR. 1) Users Dependent
SAC 1 Paras 19–22 broadines the factors to identify whether there are dependent users. Factors
Explaination/Example Reasons why Electric is a Reporting Entity
Separation of Management from economic interest The higher is the spread of ownership => higher
is the separation, hence, there is more likely the existence of users dependent on GPFR to make
decisions for resource allocation In electric, we are assuming that the spread of the ownership as
well as extent of seperation between the management and owners is higher, hence, there is existence
of dependent users Economic or political importance/influence If an entity is able to make a higher
impact on political and economic parties, there is a higher likelihood of existence of users dependent
on GPFR In electric, we are assuming that it maintains a strong position in the market has makes a
significant impact politically and economically. Hence, there is a likelihood of existence of users
dependent Financial charecteristics It Includes the size of assets/employees etc. or indebtedness of
an

The Mission Of The Task
Sheikh Usama Bin Mehboob Student I.D # S0264965 Assignment #2 Individual Assignment Table
of Contents: Title page 1 Table of contents 2 1– Project Scope 3 2– Assessment Part–A 3 3–
Assessment Part–B 12 4– References 14 1 Project Scope: The mission of the task involves
fundamental parameters and issues for accomplishing a strong extent of the project under taken by
the product development group. Then again, for the fruitful fulfilment of the project different
milestones are additionally presented and all are recorded toward the end of concerned ... Show
more content on Helpwriting.net ...
Table–1 is the expression of accumulated milestones in Gantt chart view defined at the end of the
project and Table–2 is with their respective notation. Additional Milestones (Gantt chart view) Task
Name Duration Start Date Finish Date Predecessors S1 Concept Review Complete 0 days Mon
12/08/14 Mon 12/08/14 D1 Design Review Complete 0 days Tue 2/17/14 Tue 2/17/15 4,5,12,33,38
P1 proto build start 0 days Wed 4/1/15 Wed 4/1/15 49,46,4748,39,1 P2 proto build start 0 days Thu
7/16/15 Thu 7/16/15 52,53,54,44,6,24 D2 Final Design Review Complete 0 days Wed 10/7/15 Wed
10/7/15 8,9,10,37,36,44 L1 Launch Review 0 days Wed 11/4/15 Wed 11/4/15 58,59 b) Resources
Allocation: Resources are allocated with respect to the Work Breakdown Structure and network
diagram for production of the project. Figure is the expression of the resource sheet defined in the
project. Fig: Resources Allocation c) Tasks Names & Lists Headings: It can be view in the project
file attached and the title is given as CQVideoPartA1.mmp as required and mentioned in the report.
d) Holidays Description: Fig: Project Holidays Description e) Project Critical Path(s): Critical path
is the order of the project network activities that are adding up to form longest overall duration and
it also determines

Examples Of Gross Profit Costings
Based on the ABC data below are the gross profit margins for each product produced.
ABC is short for activity–based costing. Companies follow a two–stage process when allocating
indirect costs using ABC. The first stage entails assigning costs to pools based on the activities that
cause the costs to be incurred. The second stage involves allocating the costs in the activity costs
pools to products through the use of a variety of cost drivers. Furthermore, activity–based costing
generates a suitable allocation since it disperses the applicable overhead costs to the appropriate
products. Also, it enhances precision in ascertaining the costs of products and services. Therefore, it
calls attention to the need to acquire a better ... Show more content on Helpwriting.net ...
With the ABC system, there is a variety of cost drivers used. Thus, a different cost driver is used for
each category of overhead cost. Furthermore, with the ABC system, a larger amount of overhead
costs are allocated to OS–367. Therefore, since OS–367 utilizes greater proportions of some of the
resources than other products, the overhead costs for those categories are allocated to OS–367 in
larger amounts. Hence, the total overhead cost per unit increased for OS–367 (Edmonds et al.,
2011).
Furthermore, traditional costing does not classify the specific overhead charges or resource used to
fabricate a specific product and distributes costs by assigning average overhead rates. However,
ABC categorizes specific activities employed for producing each individual product and allocates
them based on their consumption of resources. Drilling Innovations used traditional costing, which
in turn, caused them to assign overhead based on machine hours and ignore other overhead activities
used to produce each product. However, by using ABC, the costs were allocated based on the
activities used to produce each individual drilling head. Therefore, the cost was more accurately
spread based on the overhead consumption of each product individually. Costs that were incurred to
produce OS–367 were being allocated to GS–157 and HS–241 with the traditional costing method.
Once

Nigeria's Public Service Reform Process: Human Resource...
Nigeria's Public Service Reform Process: Human Resource Issues
By M J Balogun
2003
1
Contents Table
1. 2. 3. 4. 5. Abstract .................................................................................................. 3 Human
Resources and National Development ...................................... 4 Problems in Human Resource
Development and Utilization: a Review of Policies and
Practices...................................................................... 10 Human Resource Development and
Utilization: Short– and MediumTerm Measures.....................................................................................
14 Long–Term Measures ........................................................................... 16
2 ... Show more content on Helpwriting.net ...
To be specific, our failure to distinguish the point in time when human resource is considered
strategic enough to "stand by itself" from that when it is so devalued that it becomes a "captive" of
other variables (administrative, political, cultural, etc.) explains the inconsistency and the double–
talk on the importance of human resources in national development efforts. If we are able to
establish the strategic nature of the human resource and, at the same time, identify the factors that
militate against its optimum allocation, what policy measures can we propose to rectify any
perceived anomalies? In specific terms, what actions can we urge employing authorities to take to
derive maximum benefits from the monies and efforts which they invest on recruitment, training and
manpower development as well as on the "sanitization" of the management environment against
possible outbreaks of productivity–resisting diseases (notably, corrupt practices, mismanagement of
diversity, sagging morale, bad time–keeping, willful elongation of procedures, and brain–drain). In
proposing a radical review of human resource development and utilization policy in Nigeria, this
paper begins by discussing the role of human resources in the development process. It then proceeds
to examine factors within the formal organization, and in the external

Essay about Case 3: Big Bend's Medical Center
Overview
Big Bend Medical Center is a full–service, not–for–profit, acute care hospital with 325 beds located
in Big Bend, Texas. The bulk of the hospital's facilities are devoted to inpatient care and emergency
services. (Gapenski, pg. 27) The outpatient services section of the hospital is used by the Outpatient
Clinic, as well as the Dialysis Center. The Outpatient Clinic, which makes up about 80 percent of
the outpatient services section, has recently grown in volume and has created a need for 25 percent
more space than it currently has. Moving the Dialysis Center to a new building was decide to allow
expansion of the Outpatient Clinic. A change and focus on the allocation of costs has some
department heads angry and claiming of ... Show more content on Helpwriting.net ...
Patients who use peritoneal dialysis change their own cleansing solutions at home, usually about six
times per day. This procedure can be done manually when active or automatically by machine when
sleeping. However, the patient's overall condition, as well as the positioning of the catheter, must be
monitored regularly by nurses and technicians at the Dialysis Center (Gapenski, pg. 27–28). The
Outpatient Clinic currently takes up 80 percent of the space it shares with the Dialysis Center. The
recent growth in volume has created a need of 25 percent more space for the Clinic. Its large size
compared to the Dialysis Center and its patients frequent use of other departments in the hospital are
justifications as to why it was decided to move the Dialysis Center to another building. Big Bend
Medical Center currently doesn't have adequate space to house the Dialysis Center, so it was also
decided to build a new 20,000–square–foot building. This expansion and move were went to benefit
both departments and help increase patient volume. The goal of increased patient volume is
expected, but the directors and other department heads did not agree with the new allocation of
indirect costs. In the past, facilities costs were aggregated, so all departments were charged cost
based on the average embedded cost regardless of actual age of the space occupied. Since many
department heads considered this

A Study Of Fund Management And Assets Allocation Over Time
The field of Finance is the study of fund management and assets allocation over time, in other
words, it is the money making industry. Wall Street is the base of the finance field the original home
of the stock exchange. In this field, one wears a "suit" meaning a business suit to look successful
and well educated. "tie" is the air of intelligence that gives you authority. The people in the finance
field are mostly in stock exchange. Peter Lynch quotes "for twenty dollars I can tell you a lot of
things, for thirty dollars I can tell you more and for fifty and tell you everything."1 This quotation
includes the fake lie that the stock brokers give you to invest. The more money you give the more
lies you get. Therefore, the whole point of a stock broker is to get people to invest, but they cannot
do it without opening the eyes of a costumer. This includes telling them a to hard to believe number
which potentially can change a client point of view. Everybody in Wall Street are known to be eager
and always want more money in their pockets. According to Warren Buffet, " Wall Street is the only
place that people ride in their rolls royce to get advice from those who ride the subway."2 This
meaning is very clear that the rich taking money from the poor and most of the time investing into
something that is completely outrageously false.
To resume, in this business there is a lot of envy people that smooth there way into taking people's
money. The first rule in this finance

Boeing Company
Boeing Company
MGT 330
April 08, 2011
Organizing Paper
One reason why so many organizations succeed and be able to sustain their long–term goals is their
effective and efficient organizational ability. The organizing function of management involves the
allocation of the company resources. When the management of the organization allocates its
resources with strategic planning and execution in mind, the organization can successfully satisfy
the requirements of both internal and external stakeholders. On the other hand, when an organization
fails to translate and execute the strategic action plans, the results will be irreparable and
disappointing to the stakeholders. This paper evaluates and discusses the organizing ... Show more
According to the certified annual report of the Boeing Company in 2009, the company revenue
increased by $68.3 billion which reflected the solid earnings despite of 2008 labor strike where 57,
000 employees walked out. While the commercial airlines business sector suffered a loss due to the
setbacks of the 787 and 747 model airplanes, the defense, space and security business increased its
revenue by $8.5 billion (6%). The global and support sector business operation brought in 19%
increased revenue. While the revenue of the financing sector in 2009 was down by 5% compared to
the 2008, the sector successfully generated pre–tax earnings and returned the cash dividends to the
company (Boeing, 2010).
Human resources
Managing human resources or capital in Boeing's organizing function is a critical management
factor. The Boeing Company human resources management organizes its human resources based on
the strategic, ethical, legal, and financial values. With the strategically designed human resources
management system, Boeing's human resources managers actively and efficiently conduct their
functions that include staffing the organization, developing the workforce, performance appraisal,
designing reward system, and managing labor relations (Axia College, 2010). Boeing's matrix form
management places the employees where they can utilize their abilities to be the most functional and
productive member of the team

Bmgt 321 Chapter 5 Homework
BMGT 321 Chapter 5 Homework
Click Link Below To Buy: http://hwaid.com/shop/bmgt–321–chapter–5–homework/ ACTIVITY–
BASED COSTING AND ACTIVITY–BASED MANAGEMENT
5–16 (20 min.) Cost hierarchy.
Forrester, Inc., manufactures karaoke machines for several well–known companies. The machines
differ significantly in their complexity and their manufacturing batch sizes. The following costs
were incurred in 2014:
a. Indirect manufacturing labor costs such as supervision that supports direct manufacturing labor,
$825,000
b. Procurement costs of placing purchase orders, receiving materials, and paying suppliers related to
the number of purchase orders placed, $525,000
c. Cost of indirect materials, $160,000
d. Costs incurred ... Show more content on Helpwriting.net ...
WG charges clients for (a) direct professional time (at an hourly rate) and (b) support services (at
30% of the direct professional costs billed). The three professionals in WG and their rates per
professional hour are as follows:
WG has just prepared the May 2014 bills for two clients. The hours of professional time spent on
each client are as follows:
Required:
1. What amounts did WG bill to San Antonio Dominion and Amsterdam Enterprises for May 2014?
2. Suppose support services were billed at $75 per professional labor–hour (instead of 30% of
professional labor costs). How would this change affect the amounts WG billed to the two clients for
May 2014? Comment on the differences between the amounts billed in requirements 1 and 2.
3. How would you determine whether professional labor costs or professional labor–hours is the
more appropriate allocation base for WG's support services?
5–21 (10–15 min.) ABC, process costing.
Parker Company produces mathematical and financial calculators and operates at capacity. Data

related to the two products are presented here:
Total manufacturing overhead costs are as follows:
Required:
1. Choose a cost driver for each overhead cost pool and calculate the manufacturing overhead cost
per unit for each product.
2. Compute the manufacturing cost per unit for each product.
3. How might Parker's managers use the new cost information from its

Evaluation Of A Suitable Type Of Asset Allocation
In this modern world of globalization, well and properly planned portfolio is very important and a
success story to any investor. As a private or an individual investor its best for you to determine the
right assets allocation, that best fit to your personal investment goals and strategies. As a matter of
fact the portfolio you choose should meet your future needs for huge capital growth, with a promise
of peace of mind. Individual who want to enter into investment can create a portfolio, which will fall
in line with their goals, objectives as well as their investment strategies. This can be done by way of
following a systematic approach. Here I outlined some important steps for engaging in such an
approach:  Determining a Suitable Type ... Show more content on Helpwriting.net ...
Any investor aspiration is to earn high return on his or her investment day in day out, but what is the
point if you are unable to sleep at night when the cash you have invested drops a little while. In this
case I can say the personality cannot withstand the stress then the assets are not worth the stress. As
explained above, expounding your present position and your future needs for capital, including your
risk tolerance, will aid you, as to how your investments should be assigned among varied asset
classes. Knowing the principle of tradeoffs and risks which quotes as, the chances of better returns
comes at the expense of high risk of losses. So an example is the 20year old gentle man who just
started employment who will not depend on his/her investment for income can choose to take higher
risks in the quest for very high returns on his investment. The Couple in their 30's who wish to save
for their retirement on the other hand need to be focused on protecting their assets and ensuring that
they draw income from their investment assets in a very tax efficient way. Largely, if an individual
investor bear more risks, the more hostile the individual portfolio will be, assigning a bigger
percentage to equities and few to bonds and other fixed–income securities as available. On the other
hand if

The Pros And Cons Of Non-Based Budgeting

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