Diversity Performance Enhancement Project Analysis

Diversity Performance Enhancement Project Natasha Hatfield Mount Vernon Nazarene University HRM 3053 Diversity for Organizational Performance February 10, 2017 Abstract Cultural diversity continues to become more common in the workplace. Diversity refers to qualities and features that are different from our own. These differences include race, gender, age, personality, talents, and nationalities. Diversity includes how one identifies themselves as well as how others perceive one. The ability to appreciate the qualities that make us individuals and embrace those who are dissimilar can help increase performance within an organization and prevent conflict. Diversity Performance Enhancement Project Summary of†¦show more content†¦Which will initiate a massive professional relationship change between everyone in the company, and this will give the company a much more cohesive team, and that gives a much greater chance for success in any business. Summary of Cox and Blake (1991) Cox and Blake (1991), maintained that cultural diversity would impact six areas of organizational effectiveness, including the capability to attract human resources, cost, innovation, creativity, and problem solving, marketing, and flexibility. The revealing fields studied were innovation and creativity, problem solving, and structural flexibility, this was accomplished through information and decision making processes. Creativity and innovation can be supported by diversity of perspectives and less emphasis on conformity to the norms of the past (Cox and Blake, 1991, p. 47), which will increase the ability of the organization to create and innovate. The problem-solving contention maintains that better decisions would be produced through additional perspectives developed in various problem solving groups (Cox and Blake, 1991). Finally, the flexibility argument designates that multicultural management practices would result in changes that meant that the system will become less deter minant, less standardized, and therefore more fluid (Cox and Blake, 1991, p. 47). These fluctuations are likely to increase theShow MoreRelatedFinancial Status Essay789 Words   |  4 Pagesplans and forecasts. Guides cost analysis process by establishing and enforcing policies and procedures; providing trends and forecasts; explaining processes and techniques; recommending actions. Improves financial status by analyzing results; monitoring variances; identifying trends; recommending actions to management. Reconciles Common Letter of Recommendation page 8 transactions by comparing and correcting data. Analyzing current and past financial data and performance. 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The Other Wes Moore s Life Problems - 928 Words

The situations that both Wes Moore’s experience throughout the story The Other Wes Moore are real life problems that people face each and every day. But what is being done to change this? Every day people fall victim to things such as racism, assimilation, political and economic power, and tokenism. Yet, there are ways to help people who are experiencing problems such as these. The only thing that needs to be done is to have enough people stand up for these problems. Whether the solutions to these problems are macro, or micro, there needs to be some sort of effort to help the people who experience these sorts of oppressions. One major issue that the other Wes Moore’s mother experiences is not being able to get an education due to a lack of funding. Mary had become pregnant at the age of 16 and was unable to continue her education. While she was just barely providing for her family through side jobs the paid minimum wage, she was also trying to receive an education by at tending John Hopkins University. She was able to do this through a program of Pell Grants. She was only able to get 16 credits done when government decided to quit funding the Pell Grants. Mary, along with many others trying to receive a college education, was unable to finish her education. Due to the cut in funding Mary could no longer afford it. Without being able to receive a college education, Mary would continue to live in poverty because without an education she would not be able to get a good job.Show MoreRelatedThe Other Wes Moore One Name Two Fates982 Words   |  4 PagesThe book The Wes Moore, tells the story of two boys living in Baltimore who shares a similar life history within the same black community, in addition to having identical names (Moore Smiley, 2010). 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The Host Chapter 14 Disputed Free Essays

string(42) " as he circled Jared and came to face me\." It was too much for both of us, seeing him here, now, after already accepting that we’d never see him again, after believing that we’d lost him forever. It froze me solid, made me unable to react. I wanted to look at Uncle Jeb, to understand his heartbreaking answer in the desert, but I couldn’t move my eyes. We will write a custom essay sample on The Host Chapter 14: Disputed or any similar topic only for you Order Now I stared at Jared’s face, uncomprehending. Melanie reacted differently. â€Å"Jared,† she cried; through my damaged throat the sound was just a croak. She jerked me forward, much the same way as she had in the desert, assuming control of my frozen body. The only difference was that this time, it was by force. I wasn’t able to stop her fast enough. She lurched forward, raising my arms to reach out for him. I screamed a warning at her in my head, but she wasn’t listening to me. She was barely aware that I was even there. No one tried to stop her as she staggered toward him. No one but me. She was within inches of touching him, and still she didn’t see what I saw. She didn’t see how his face had changed in the long months of separation, how it had hardened, how the lines pulled in different directions now. She didn’t see that the unconscious smile she remembered would not physically fit on this new face. Only once had she seen his face turn dark and dangerous, and that expression was nothing to the one he wore now. She didn’t see, or maybe she didn’t care. His reach was longer than mine. Before Melanie could make my fingers touch him, his arm shot out and the back of his hand smashed into the side of my face. The blow was so hard that my feet left the ground before my head slammed into the rock floor. I heard the rest of my body hit the floor with dull thumps, but I didn’t feel it. My eyes rolled back in my head, and a ringing sound shimmered in my ears. I fought the dizziness that threatened to spin me unconscious. Stupid, stupid, I whimpered at her. I told you not to do that! Jared’s here, Jared’s alive, Jared’s here. She was incoherent, chanting the words like they were lyrics to a song. I tried to focus my eyes, but the strange ceiling was blinding. I twisted my head away from the light and then swallowed a sob as the motion sent daggers of agony through the side of my face. I could barely handle the pain of this one spontaneous blow. What hope did I have of enduring an intensive, calculated onslaught? There was a shuffle of feet beside me; my eyes moved instinctively to find the threat, and I saw Uncle Jeb standing over me. He had one hand half stretched out toward me, but he hesitated, looking away. I raised my head an inch, stifling another moan, to see what he saw. Jared was walking toward us, and his face was the same as those of the barbarians in the desert-only it was beautiful rather than frightening in its fury. My heart faltered and then beat unevenly, and I wanted to laugh at myself. Did it matter that he was beautiful, that I loved him, when he was going to kill me? I stared at the murder in his expression and tried to hope that rage would win out over expediency, but a true death wish evaded me. Jeb and Jared locked eyes for a long moment. Jared’s jaw clenched and unclenched, but Jeb’s face was calm. The silent confrontation ended when Jared suddenly exhaled in an angry gust and took a step back. Jeb reached down for my hand and put his other arm around my back to pull me up. My head whirled and ached; my stomach heaved. If it hadn’t been empty for days, I might have thrown up. It was like my feet weren’t touching the ground. I wobbled and pitched forward. Jeb steadied me and then gripped my elbow to keep me standing. Jared watched all this with a teeth-baring grimace. Like an idiot, Melanie struggled to move toward him again. But I was over the shock of seeing him here and less stupid than she was now. She wouldn’t break through again. I locked her away behind every bar I could create in my head. Just be quiet. Can’t you see how he loathes me? Anything you say will make it worse. We’re dead. But Jared’s alive, Jared’s here, she crooned. The quiet in the cavern dissolved; whispers came from every side, all at the same time, as if I’d missed some cue. I couldn’t make out any meanings in the hissing murmurs. My eyes darted around the mob of humans-every one of them an adult, no smaller, younger figure among them. My heart ached at the absence, and Melanie fought to voice the question. I hushed her firmly. There wasn’t anything to see here, nothing but anger and hatred on strangers’ faces, or the anger and hatred on Jared’s face. Until another man pushed his way through the whispering throng. He was built slim and tall, his skeletal structure more obvious under his skin than most. His hair was washed out, either pale brown or a dark, nondescript blond. Like his bland hair and his long body, his features were mild and thin. There was no anger in his face, which was why it held my eye. The others made way for this apparently unassuming man as if he had some status among them. Only Jared didn’t defer to him; he held his ground, staring only at me. The tall man stepped around him, not seeming to notice the obstacle in his path any more than he would a pile of rock. â€Å"Okay, okay,† he said in an oddly cheery voice as he circled Jared and came to face me. You read "The Host Chapter 14: Disputed" in category "Essay examples" â€Å"I’m here. What have we got?† It was Aunt Maggie who answered him, appearing at his elbow. â€Å"Jeb found it in the desert. Used to be our niece Melanie. It seemed to be following the directions he gave her.† She flashed a dirty look at Jeb. â€Å"Mm-hm,† the tall, bony man murmured, his eyes appraising me curiously. It was strange, that appraisal. He looked as if he liked what he saw. I couldn’t fathom why he would. My gaze shied away from his, to another woman-a young woman who peered around his side, her hand resting on his arm-my eyes drawn by her vivid hair. Sharon! Melanie cried. Melanie’s cousin saw the recognition in my eyes, and her face hardened. I pushed Melanie roughly to the back of my head. Shhh! â€Å"Mm-hm,† the tall man said again, nodding. He reached one hand out to my face and seemed surprised when I recoiled from it, flinching into Jeb’s side. â€Å"It’s okay,† the tall man said, smiling a little in encouragement. â€Å"I won’t hurt you.† He reached toward my face again. I shrunk into Jeb’s side like before, but Jeb flexed his arm and nudged me forward. The tall man touched my jaw below my ear, his fingers gentler than I expected, and turned my face away. I felt his finger trace a line on the back of my neck, and I realized that he was examining the scar from my insertion. I watched Jared’s face from the corner of my eye. What this man was doing clearly upset him, and I thought I knew why-how he must have hated that slender pink line on my neck. Jared frowned, but I was surprised that some of the anger had drained from his expression. His eyebrows pulled together. It made him look confused. The tall man dropped his hands and stepped away from me. His lips were pursed, his eyes alight with some challenge. â€Å"She looks healthy enough, aside from some recent exhaustion, dehydration, and malnourishment. I think you’ve put enough water back into her so that the dehydration won’t interfere. Okay, then.† He made an odd, unconscious motion with his hands, as if he were washing them. â€Å"Let’s get started.† Then his words and his brief examination fit together and I understood-this gentle-seeming man who had just promised not to hurt me was the doctor. Uncle Jeb sighed heavily and closed his eyes. The doctor held a hand out to me, inviting me to put mine in his. I clenched my hands into fists behind my back. He looked at me carefully again, appraising the terror in my eyes. His mouth turned down, but it was not a frown. He was considering how to proceed. â€Å"Kyle, Ian?† he called, craning his neck to search the assembly for the ones he summoned. My knees wobbled when the two big black-haired brothers pressed their way forward. â€Å"I think I need some help. Maybe if you were to carry -† the doctor, who did not look quite so tall standing beside Kyle, began to say. â€Å"No.† Everyone turned to see where the dissent had come from. I didn’t need to look, because I recognized the voice. I looked at him anyway. Jared’s eyebrows pressed down hard over his eyes; his mouth was twisted into a strange grimace. So many emotions ran across his face, it was hard to pin one down. Anger, defiance, confusion, hatred, fear†¦ pain. The doctor blinked, his face going slack with surprise. â€Å"Jared? Is there a problem?† â€Å"Yes.† Everyone waited. Beside me, Jeb was holding the corners of his lips down as if they were trying to lift into a grin. If that was the case, then the old man had an odd sense of humor. â€Å"And it is?† the doctor asked. Jared answered through his teeth. â€Å"I’ll tell you the problem, Doc. What’s the difference between letting you have it or Jeb putting a bullet in its head?† I trembled. Jeb patted my arm. The doctor blinked again. â€Å"Well† was all he said. Jared answered his own question. â€Å"The difference is, if Jeb kills it, at least it dies cleanly.† â€Å"Jared.† The doctor’s voice was soothing, the same tone he’d used on me. â€Å"We learn so much each time. Maybe this will be the time -â€Å" â€Å"Hah!† Jared snorted. â€Å"I don’t see much progress being made, Doc.† Jared will protect us, Melanie thought faintly. It was hard to concentrate enough to form words. Not us, just your body. Close enough†¦ Her voice seemed to come from some distance, from outside my pounding head. Sharon took a step forward so that she stood half in front of the doctor. It was a strangely protective stance. â€Å"There’s no point in wasting an opportunity,† she said fiercely. â€Å"We all realize that this is hard for you, Jared, but in the end it’s not your decision to make. We have to consider what’s best for the majority.† Jared glowered at her. â€Å"No.† The word was a snarl. I could tell he had not whispered the word, yet it was very quiet in my ears. In fact, everything was suddenly quiet. Sharon’s lips moved, her finger jabbed at Jared viciously, but all I heard was a soft hissing. Neither one of them took a step, but they seemed to be drifting away from me. I saw the dark-haired brothers step toward Jared with angry faces. I felt my hand try to rise in protest, but it only twitched limply. Jared’s face turned red when his lips parted, and the tendons in his neck strained like he was shouting, but I heard nothing. Jeb let go of my arm, and I saw the dull gray of the rifle’s barrel swing up beside me. I cringed away from the weapon, though it was not pointed in my direction. This upset my balance, and I watched the room tip very slowly to one side. â€Å"Jamie,† I sighed as the light swirled away from my eyes. Jared’s face was suddenly very close, leaning over me with a fierce expression. â€Å"Jamie?† I breathed again, this time a question. â€Å"Jamie?† Jeb’s gruff voice answered from somewhere far away. â€Å"The kid is fine. Jared brought him here.† I looked at Jared’s tormented face, fast disappearing into the dark mist that covered my eyes. â€Å"Thank you,† I whispered. And then I was lost in the darkness. How to cite The Host Chapter 14: Disputed, Essay examples

Risk In Fianncial Reporting And Audit †MyAssignmenthelp.com

Question: Discuss about theAssessment Of Causes Risk In Fianncial Reporting And Audit. Answer: Synopsis The title of the report Assessment of causes of Risks in Financial Reporting and Audit in itself suggest the reason for preparation of the report. The report has been prepared for the Double Ink Printers Limited with the intention to identify the different aspects which are related to financial reporting and audit. The report has been prepared to analyze and ascertain the impact of financial results in the planning of an audit with the help of analytical procedures. The another purpose of preparation of report is to identify the different risk factors that are presented in the financial reporting, whether related to inherent limitation of the organization or due to fraud situations occurred in the organization. Also, this report helps in assessing how the risk factors affect the misstatement and audit procedures in the organization. Preamble The Financial Reporting of any entity is very important for everyone associated with that entity. The Financial Reporting helps in ascertainment of correct financial arrangement and workings of an entity which in turn is the base for taking decisions regarding entity by different users associated with that entity. Thus, it is the responsibility of the entitys management to present financial reports with full correctness and full disclosures. The financial reports will be used by different users only if they are certified by professional independent third party. The opinion of the auditors on the Financial Reports will act as important factor for making decisions about the entity. For this, the report has been prepared to assess the different risk aspects which can affect the financial reports as prepared by the management and auditor opinion about the correctness and accuracy of the financial reports. The first section of the report dealt about the impact of the financial results shown in financial reports by the management on the planning decision of the auditor. The second section dealt about the different inherent risk factors that presented in the chosen entity financial reports and which are beyond the management control. This section also includes the assessment of these factors on the misappropriation of assets and misstatements in Financial Reports. The third section of the reports dealt with impact of fraud factors on audit and opinion of the auditor. The report has been prepared using reliable secondary data and wind up with proper conclusion Impact Of Results On Planning Decision The company under consideration is Double Ink Printers Limited (DIPL) is engaged in Printing Business and print different material on demand basis. The company is doing printing business for Publishing, Educational and Advertising Industries. Also, the company has e portal on which different publishers books are listed so that it is easy to order the books to be published by the company. Audit is the check the correctness and accuracy of the financial results presented in financial reports by the management by using the different audit procedures. For identification of which audit procedures will be applied by auditor during audit, the auditor has to first plan the audit using different procedures of Audit Planning. The Analytical Audit procedures are the audit procedures which the auditor applies in the planning stage of the audit to ascertain the level of the risk and causes of risks in financial reports. As per ISA 315, Primary analytical procedures are required to be done at the time of planning stage to ascertain the level of risk and misstatement in the financial reports. Primary Analytical procedures include the analysis of trends and ratios of the past year performances of an entity to identify the risky areas in the company so that details and substantive audit procedures can be taken place over there. In this method of audit planning the comparisons and rat ios from one year to another year is studied and analyzed and on that basis the future forecast has been done to find out the areas influencing planning decision of audit. In the given case of DIPL, the analysis has been done using the financial information given in the question for past three years ending on 30th June, 2013, 30th June 2014 30th June 2015. Ratios have been calculated and trends have been analyzed in the following manner which in turn helps the auditor to plan the audit in efficient and effective manner:- Loan Interest Bearing Liabilities from BDO Finance: - The Company has taken loan worth $ 7.5 million from BDO Finance for expansion of business in 2015 only which was zero in previous years. The utilization of extra funds and its implication on the working on financial leverage of the company needs to analyze by the audit team. Non-operating Expense Interest Expense :- The company has increased the interest cost in 2015 to $ 808038 as compared to previous year cost of $ 83663 which is very high but the in relation to this high cost the net profit has increased to $ 2972183 in 2015 from previous year $ 2291362 in 2014. The audit team needs find out in detail the reason for opposite reaction of profit on interest expense. Net Profit Ratio: - The Net profit ratio has been increased from last year by 0.76% in 2015 in comparison for high expenses. On the other hand the tax expense on profit has been decreased from last year to $ 87116 in 2015 as compared to $ 982012 in 2014 clearly showing certain manipulation has been done by the management to show high profits.( As calculated on Appendix 1) Change in Policy of Allowance of Obsolesce Inventory: - The Company has changed the policy of recording the allowance for normal loss of inventory in 2015 as compared to 2014 showing drastic change in expense amount of $ 125876 in 2014 to $0 in 2015. Foreign Exchange Gain or Loss: - The management has booked $ 0 gain or loss in 2015 as compared to $ 49750 in 2014. The 50% purchases of the company have been done from Foreign Country. From the above points, it has been clearly understand that the auditor needs to do the detailed assessment and analysis of the key areas impacting the audit. The auditor in the planning stage has to consider the audit procedures which help the auditor to do substantive audit on above identified risky Identification Of Inherent Risk Factors On assessing the inherent risk, auditor is liable to evaluate how far the assumptions for the financial statements are prone to the material misstatements depending upon the nature of the business of the Double Ink Printers Limited. Following are the inherent risk factors depending upon the background information of the company. The reasons as to why said factor is risk and how it will affect the risk of material misstatement in the financial report is mentioned below: Inventory Valuation As per the background information of the company and the boards discussion, the company has been valuing its inventory on the basis of the average cost basis. The effect of adopting this method is that the companys inventory value will always be at the lowest. It is because the price of the last purchase is high as compared to the average price. This is the major risk because the company can easily manipulate its financial position and performance by simply valuing its inventory and that too majorly done in case purchase and sales (Gary, 2017). Expiry of Copyright of Nuclear Publishing Limited The Company in the month of September of the year 2014 has purchased the copyright from Nuclear Publishing Limited as having the large range of specialized medical text books. In the recent article published in the Medical Journal which states that the medical textbooks of Nuclear Publishing Limited will soon become obsolete with the introduction of the new theories. This will lead to the severe competition in the market and the company will face the problem of liquidity with sudden high increase of obsolete inventory of e books. Thus, in this way, the aforementioned inherent risk factors will affect the risk of material misstatement in the financial report. Impact On Audit Of Fraudulent Risk Factors It is the responsibility of the management to supervise and keeps the check on the internal control system and procedures of the company so as to reduce the chances of having the fraud happen in the company. While planning for the audit, the auditor is required to consider each factor whether it is material or immaterial so as to give true and fair view of the financial position and performance of the company (Weiss, 2014). The auditor is required to modify its audit plan accordingly while conducting the audit. Following are the two key fraud risk factors arising from fraudulent financial reporting to which the company has the probable chances of occurrence: Maintain the Accounting Ratios The Company have obtained the loan from the BDO Finance of $ 7.5 Million and the BDO Finance has stipulated the condition that the company is required to maintain the current ratio of 1.50 and the debt equity ratio of 1. In case the aforesaid ratios are violated then the BDO Finance has the power to call back for the loans and reducing the eligibility of the loan sanction to the company. This stipulation will lead the companys management to enter into the fraudulent transactions which may lead to increase of the debtors or the inventory so as to increase the current ratio to 1.50 like the companys board has decided to value the inventory on the FIFO basis rather than the average cost basis. Advance Booking of Revenue Storage Fees The Company receives the storage fees from the publishers on an annual basis. The fees are received in twelve months advance. The fees bill is invoiced at the different times of the year and is revenue is recognized in the month when these are invoiced. It is recognized despite of the fact that the company receives the storage fees for the twelve months in advance. As per the generally accepted accounting principles, the company is required to book the revenue for the period ending as on that date and defer the revenue by booking the Accrued Income but not due and account for that revenue in the year of its accrual which will be the next year. By following the wrong practice the company has been able to report the higher income which instead pertains to the next financial year. The above identification will affect the audit as the auditor will now have to apply the additional audit procedures so as to substantiate his audit opinion based on the identified risk factors and in some cases he will have to increase the sample size also. Conclusion Every company shall prepare its financial statements in the true and fair manner so that the users of the financial statements can have the maximum information out of the financial statements. In the given case the company Double Ink Printers is engaged in the business of printing medical and accounting books including the magazines and other material. The analytical procedure has been performed from the view of the auditor and it has been described as to how the procedures will affect the audit. Secondly, inherent risk factors have been identified and it has been detailed as to how it will affect the financial statements of the company. Thirdly, apart from the inherent risk factors, the factors that will contribute towards the fraud or the fraudulent reporting of the transactions have been identified and detailed as to how the audit will be affected. In this way, the company has been facing various risk factors and which shall be removed so as to have the smooth functioning of the b usiness. References ACCA, (2016), Analytical Procedures, available on https://www.accaglobal.com/vn/en/student/exam-support-resources/professional-exams-study-resources/p7/technical-articles/analytical-procedures.html accessed on 15-08-2017. Anastasia, (2015), Financial Statement Analysis : An Introduction available on https://www.cleverism.com/financial-statement-analysis-introduction/ accessed on 16-08-2017. Capital Markets Advisory Committee Meeting, (2013), Conceptual Framework available on https://www.ifrs.org/Meetings/MeetingDocs/Other%20Meeting/2013/March/AP%203%20conceptual%20framework.pdf accessed on 16-08-2017. 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