How to Read a Geologic Map

Health Care Changes and Challenges - 1177 Words

Health Care Changes and Challenges Dindi White HSC490 May 18, 2015 Jennifer Johnson Health Care Changes and Challenges Some people may believe that health care is not changing. However, todays health care system is changing. Today’s advanced technology and growing population have required health care organizations to evolve. Changes in health care can present challenges, and the challenges must be addressed and dealt with accordingly. Today’s health care system is changing. In order for health care to remain a competitive force in today’s business world, it must be aware of the shifts taking place that will affect them. Social media, advancements in technology and awareness of consumer behavior are three shifts currently taking†¦show more content†¦Ã¢â‚¬Å"There must be a match between the organization’s mission and the resources required to meet the target market requirements† (Eric, 2011, p. 25). Incorporating an effective marketing strategies into a health care organization will present potential challenges. However, a health care organization that understands identifies, and utilizes the appropriate marketing tools increase their chances of success. Current challenges such as the rising cost of health care and insurance coverage have been addressed by health care organizations and the government. Rising health care costs have affected the type of care received. Health care or ganizations have developed programs that support preventive, managed health care. These programs encourage consumers to be proactive and participate in the care provided. By actively involving consumers in their care, healthcare organizations can keep the cost of care at a minimum. Preventive care is the future of health care and the key to keeping health care costs under control. Unnecessary tests, procedures, and medications are no longer ordered. Health care coverage in today’s society is mandatory according to the new laws that govern health care. Prior to the Health Care Reform Act individuals were not required by law to obtain health care coverage. The Health Care Reform Act has enabled consumers to obtain health careShow MoreRelatedChanging The Geography Of Health Care1144 Words   |  5 PagesDecember 7, 2015 Changing the Geography of Health Care President Obama on March 23, 2010 signed one of the biggest reforming acts of our century, the Affordable Care Act or to some refer to it as â€Å"Obama Care†. This was President Obama’s finest moments for some and for others it was believed that it wasn’t great idea to create such a law act. The Affordable Care Act law was created and established to change everything about health care and bring in magnificent reforms. 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Dr. Brooks Works At Two Different Medical Offices ( Mo1...

Dr. Brooks works at two different medical offices (MO1 and MO2). He demands to have access to patient information from both locations at any time. He wants to use his personal laptop to access the EHR and resources for both offices. Solution 1 Set Dr. Brooks up with a network account under each active directory domain: have him log in to whichever one he needs access to at the time. Although he may be physically working from MO1, he will likely still need to access resources from MO2 and vice versa. This solution would involve creation of trust relationships between domains in the MO forest. The administrator will create a transitive trust between MO1 and MO2.The MO1 where Dr.Brooks sits would be the parent domain and the MO2 will be the child domain in the MO active directory forest. The MO2 will automatically share resources with MO1 domain by default with authenticated users in both domains. Dr. Brook will thus be able to access resources from both MO1 and MO2 medical offices. This solution set up eradicates the hardware dependence as Dr.Brooks can log in from a different laptop or desktop in the network. Depending on the access controls assigned on him by the trusting domain he can access folders, files and virtual containers. An authentication authority is responsible for the computer and user identity verification. An information security benchmark model (CIA) an acronym for information Confidentiality, Integrity and Availability can be used to evaluate the solution

Business Accounting Sense Principal of Prudence Demand

Question: Describe about the Business Accounting Sense for Principal of Prudence Demand. Answer: a.) The word prudence means exercise of caution and good wise judgement. In the accounting sense it also means the same and the principal of prudence demands the makers of financial statements to exercise caution and wise judgement while preparing the financial statements. Hence under the concept one must not overstate the amount of revenues and neither understated the amount of expenses. In a way prudence demands makers of financial statements to be conservative. Another aspect of prudence can be that a maker of financial statement records only certain revenues and probable liabilities. Also assets are reviewed at regular intervals to see if their value has diminished and liabilities reviewed to see if their value has increased. (Hariman, 2010) One can also say that prudence aims to prepare the financial statements in such a way that the users of financial statements dont get any misleading information and are prepared for the worst. Although the prudence concepts aim is never to state the worst possible scenario but it is more inclined towards a pessimistic scenario in the sense that it overestimates liabilities and underestimates assets. In that sense it would be important to note that even understating revenues can have a negative effect and hence neutrality must be aimed for together with prudence in financial reporting.(Cooper, 2015) Prudence would normally be exercised in setting up, for example, an allowance for doubtful accounts or a reserve for obsolete inventory. In both cases, a specific item that will cause an expense has not yet been identified, but a prudent person would record a reserve in anticipation of a reasonable amount of these expenses arising at some point in the future. b.) Prudence is indeed very important in financial reporting as it goes hand in hand with another of accountings main principles of conservatism. Reporting assets at the lower value and liabilities at the higher value might reduce the profitability ratios and the efficiency ratios but they dont give a distorted picture to the shareholders which may be misleading and lead to wrong decision making. Consider this suppose a company knows that 4% of its accounts receivables are bad debts but they dont report it. Their current assets figure would be inflated to that extent and their profitability ratios would be higher but that would be actually notional. If we were to talk about the accounting standards and prudence, GAAP (generally Accepted Accounting Principles) has incorporated prudence in most of its standards. An example is many standards required to devalue the fixed assets when their market values fall below their book values but the reverse isnt true. On the other hand, IFRS (International Financial Reporting Standards) dont adhere to it as strictly.(Kakabadse Kakabadse, 2005)The International Accounting Standards Board(IASB) differentiates between cautious prudence and asymmetric prudence. While the former refers to exercising caution under uncertain conditions the latter which is considered by most to be the essence of prudence is waived off. It would be important to note that while prudence aims to eliminate biases from financial reporting, ultimately it should not be used to understate the reliability of financial reports. c.) Telstra is a leading Australian Companies which provides telecommunication and media based services to Australian subscribers. Over the years through various mergers and takeovers its structure is now very complex where the use of proper accounting principles becomes imperative to be faithful to all the stakeholder groups. While valuing inventories Telstra has used prudence as evident from the fact that inventory has been valued using different methods. As per note 11 to financial statements in their annual report inventory valuation is divided into two groups. Firstly 234 million AUD of finished goods are recorded at cost whereas 77 million AUD worth of inventory are recorded at net realisable value. Further 40 million of raw materials and store items are recorded at cost.(Telstra, 2015) This is an evident display of prudence in accounting and reporting practises. Should they have valued the entire inventory at market price their current assets would have presented an inflated f igure which is against a core principle of prudence which requires to inventory to be valued at the lower of cost or net realisable value.(Onoja, 2015) Through the usage of horses for courses policy for valuing inventories Telstra has displayed ample prudence in their accounting practices. In the current assets section of their balance there is an entry of Noncurrent assets held for sale and discontinued operations. As per note 12 to financial statements in their annual report it is clear they have displayed prudence here. There are two example to make it abundantly clear. Telstra has classified the assets and liabilities of the Sentis Group as held for Sale. They estimated their share of 30 percent to be worth 157 million AUD as the sale price of Sentis was 454 million AUD. However, upon re measurement of assets and liabilities they impaired the goodwill of Sentis group by 150 million AUD and identified it as a loss for the year under the section discontinued operations, the impairment of goodwill is clearly an example where Telstra displayed prudence.(Telstra, 2015) Secondly in July 2014 they decided and thereafter signed papers to sell off their whole shareholding which amounted to 55 percent to Sequel media Inc. and the controlled entities namely Sequel Media Group . The consideration amount was 3 million AUD subject to all negotiations and final agreements. Now there were two areas where Telstra displayed prudence. Firstly, the assets were valued at lower of the carrying amount as opposed to their fair value. Secondly the media groups goodwill was impaired by 12 million AUD in the previous financial year.(Telstra, 2015) IASB 2004(a) states that if the fair value of an asset is less than its market value such assets should be written down or revalued and appropriate losses should be recognised and reported. This practise is direct consequence of the prudence principle.(Stolowy Lebas, 2006) d.) As they have used impairment to devalue the assets of Sequel Media group Telstra dont stand the risk of getting a lesser value then what they have recorded in their current assets and hence it will not give the stakeholders a distorted view of current assets which is very much in sync with the principle of prudence. The same case is applicable with Sentis group as well as since the goodwill has been impaired the assets which have been valued quite conservatively havent been distorted and consequently neither inflated the current asset figure of Telstra. Since the principal of prudence requires financial statements to be made such that assets are recorded at a value which is their probable realisable value and also to impair the assets which have lower value than their book value. Hence the impairment carried has pre-empted the stakeholders of the potential loss when the sale of these assets do take place even though it means that they have might not presented the most desirable p icture from the investors point of view. But the investors would be rather well informed about any losses than be kept in dark. The inventory has been valued at net realisable values and at cost depending on their status and hence in the next financial year when they are sold at profit it will reflect in the income statement and consequently tend to improve the profitability ratios of Telstra for that particular financial year. The principle of prudence in accounting requires that profts be recognised and reported only when they happen and not beforehand. Hence it is clear how through the application of prudence Telstra has managed to present an understated position of their financial position to various stake-holder groups. Whether this presentation is good or bad is open to debate with the conservatives vouching for it and the critics vehemently opposing it. References Cooper, S., 2015. A tale of prudence, s.l.: IFRS. Hariman, R., 2010. Prudence: Classical Virtue, Postmodern Practice. s.l.:Penn State Press. Kakabadse, N. K. Kakabadse, A., 2005. Prudence vs professionalism: Exploratory examination of pension trustee capability. Personnel review, 34(5), pp. 565-587. Onoja, E., 2015. Inventory Valuation Practices and Reporting: Nigerian Textile Industry Experience. Mediterranean Journal of Social Sciences, 6(4), pp. 74-82. Stolowy, H. Lebas, M., 2006. Financial Accounting and Reporting: A Global Perspective. s.l.:Cengage Learning. Telstra, 2015. Annual Report, s.l.: Telstra.

Business Research Report Proposal Quarterly

Question: Discuss about the Business Research Report Proposal Quarterly. Answer: Introduction The problem statement describes what a researcher needs to find out about the issues of a business environment. Here, the impact of business communication in Coca-Cola is defined. Apart from these issues, the solutions to improve communication challenges are also labeled here (Gopal, 2009). The problems and solutions are based on the research question which is given below. Research Questions Mention the challenges and issues of business communication which arise during a business operation in Coca-Cola Company. What are the strategies taken by the company to solve the problems and issues about business communication? Are these approaches and strategies are relevant and valid for global business? If not, explain why? Background of the research The background of the research proposal is concerned with the challenges and issues of business communication faced by the organization, Coca-Cola. The communications of organizations occur between employees and clients or among the internal employees (Guffey and Loewy, 2010). To solve the communication issues, Coca-Cola needs to find out the type of communication issues such as business to business communication or business to customer communication. Some examples of poor communications are poor listening skills which can lead to unnecessary conflict. These issues lead to wastage of productivity, money and time. The purpose of the research The purpose of doing this research is to resolve the challenges of business communication in an organization. The business communication problems can be solved as soon as the employees assess their style of communication along with their behavior (Business Communication Quarterly, 2009). As a result, it would explain their confidentiality and communication power when they are engaged in conversation. An excellent communication builds rapport and trust among the employees and a manager. Consequently, communication is improved (Sapp, 2007). Research Methodologies Research Approach A research approach determines that in which style the research is to be completed. A research approach can be classified into three types such as deductive approach, inductive approach, and abductive approach. Here, the research approach is deductive since the deductive approach is concerned with the validity of assumptions. But the inductive and abductive approach deals with new theories and puzzles respectively (Nwawka, 2016). In this proposal, there are no new theories and puzzles. Hence, the research approach is deductive. Research Design A research design is concerned with the arrangement of the research study. Besides, it figures out if the research proposition is correlational or descriptive, semi-experimental or experimental, Meta-analytic or review-based. However, this research topic is descriptive. Evidently, this particular research proposition about the business communication is not a contextual study based, but rather it is a descriptive based proposition (Rethinking Design Data, 2013). The research design is the framework that has been prepared for looking for answers to research questions. Research Assumptions A research assumption is a practical desire which individuals trust that the research holds it validity. However, it implies the research is done in a manner that it apparently clarifies all applications by giving confirmation. Research assumptions provide a premise to creating research instruments and theories. Therefore, these research assumptions are made by taking examples from the business communication issues of Coca-Cola. Analysis of Data Collection Method According to everybody, there are two sorts of data collection procedure. For example, qualitative and quantitative data collection system. Quantitative information can be dissected in various ways. The research is useful in the assessment since it gives quantifiable and straightforward results. From these two processes, this research is based on quantitative data collection technique since the research is observational and descriptive. The quantitative data can be classified into four levels like apparent, conventional, and temporary and proportion. In this research proposal, none of these is appropriate. Here, just descriptive information are connected. Research Instruments The fact-finding strategies are the instruments of the research. Aside that, it consists of the devices for collecting data. Moreover, it comprises of surveys, perception, perusing and meetings. Here, perception and perusing are utilized as research instruments. Research Outcome Based on this research, there is only one outcome, and that is the solutions to these business communication problems. The overall solutions are described in the recommendation section of this research proposal. Recommendation The business communication problems of Coca-Cola can be prevented when the workers of Coca-Cola assess their communication style. A good communication process requires some skills. Therefore, the employees of Coca-Cola should be trained properly with excellent communication skills. A customer to organization interactions is significant for the company (Okoro, 2011). It is vital for identifying the audience segments based on various requirements, desired results, and goals. A person needs to improve an active external consciousness that permits the communicator not just to tangle over her or his communications with others. By following this technique, a person can become an excellent communicator. The employees of Coca-Cola should focus on transparency, authenticity, and empathy. Communication is a form of exchange of information (Stringer and Cassiday, 2009). The clarification and explanation of ideas and thoughts are an important part of a leadership role. So, the company must recru it someone who can train the employees in an innovative way. The person should make plans for conversations and meetings so that he or she can efficiently mix inspiration and information. Conclusion The businesses are flourishing and active places of continuous changes. If anyone moves to a new company, then that person needs to adapt the style and communication process of that organization. To do so, he or she must make an early preparation. Ineffective communication is expensive. A workplace bonding improves the satisfaction, productivity, and retention of employees. The improvement of workplace bonding requires a good communication skill. Subsequently, the organization such as Coca Cola can accomplish competitive advantage. A research proposal is important for every organization to determine their business-related challenges and issues. In recent days, there are numerous ways for communication process than there were just a few years. Multiple communication method includes social networking sites which are the trending topic of this generation. Multinational companies also make use of social networking sites for communicating with customers. As a result, it helps in promotion of their brand. References Business Communication Quarterly. (2009).Business Communication Quarterly, 72(2), pp.145-145. Gopal, N. (2009).Business communication. New Delhi: New Age International. Guffey, M. and Loewy, D. (2010).Essentials of business communication. Mason, OH: South-Western/Cengage Learning. Nwawka, O. (2016). Update in Musculoskeletal Ultrasound Research.Sports Health: A Multidisciplinary Approach. Okoro, E. (2011). Book Review: Managing Performance Improvement.Business Communication Quarterly, 74(3), pp.372-377. Rethinking Design Data. (2013).adr. Sapp, D. (2007). Teaching Business Communication in Nicaragua.Business Communication Quarterly, 70(2), pp.199-203. Stringer, D. and Cassiday, P. (2009).52 activities for improving cross-cultural communication. Boston, Mass.: Intercultural Press.