Analyse The Factors Affecting The Strategic Plans

Analyse The Factors Affecting The Strategic Plans Tesco plc is a well-established and consistently growing food retailer global company operating in UK and many other countries like USA, Europe, Thailand, China, Japan and so on. It was established in 1919 by Jack Cohen, when he sold some groceries in the stall in East London and then it later lead to the opening of the first Tesco store in 1929 in North London. Using the well-researched and consistent strategy for growth, Tesco has been able to strengthen their core UK business and lead them to expand into new markets. Tesco has already been declared as the no.1 superstore in UK against its rivals Asda, Sainsbury and Morrison. Tesco is still aiming to broaden the scope of their business to enable it to deliver strong sustainable long-term growth by following the customers into the basic and the large expanding markets at cheaper price. Currently, Tesco has over 2200 stores in UK and has been able to reach every possible customer through its different types of outlets as superstore, metro, extra, express and by various means as online shopping through Tesco direct, Reserve and collect plus loyalty/club cards, insurance, clothing, banking and financial services, telecoms, insurance. So this report will be identifying Tescos vision, Mission, its current strategic objectives, evaluates them and analyses the factors that will be affecting strategic plan. The purpose of this case study is to review and determine the organizational strategic aims and objectives identify and analyse the progress towards organizational strategic aims and objectives and to determine and evaluate strategic options to support a revised strategic position. 1.1 Identify the current strategic aims and objectives TESCOS STRATEGY Our well-established and consistent strategy for growth has given the business momentum to grow through the downturn. (1) Long term Strategy According to Tescos official website it is clearly evident that Tesco has a well-established and consistent strategy for growth. The rationale for the strategy is to broaden the scope of the business to enable it to deliver strong, sustainable long-term growth by following customers into large expanding markets at home such as financial services, non-food and telecoms and new markets abroad, initially in Central Europe and Asia and more recently in the United States. Objectives:- The objectives of the strategy are: Successful global retailer Tesco aims to be one of the most successful global retailer organisation in the world. With this idea in mind they have opened stores in many other countries like Canada, USA, Europe, Thailand, China and Middle East. Growth in core UK business Tesco also aims on growing its business as the core UK business as it is originated here. It had 1500 stores in UK in 2007 whereas the number has reached to over 2000 by now. And it has diversified its market from only being a food retailer to selling fuel, clothes, housing, finance, banking, insurance, mobile broad band and electronics. Strong non food retailer As Tesco has been known for its food items and is the leader in food retailing, Tesco also aims to develop the rest of the retailing it has been doing. They are working hard to be as strong in non-food as they are in food. Developing banking and finance Tesco is also working for developing retailing services such as Tesco Personal Finance, Banking, Telecoms and Tesco.com. This is showing that Tesco is determined to help its customers even with the financial and banking services. As the name specifies, Tesco is all set to deliver Every little helps. Community friendly Approach Tesco is determined to put community at the heart of what they do and help maintain the natural balance. Values and aims According to the official website, Tesco feels that: No-one tries harder for customers than Tesco They have mentioned that they understand their customers needs and they want to be the first to meet their needs and at the same time they want to act responsibly to their community in order to avoid any kind of degradation in the environment and ethnicity. Tesco promises to treat people as we like to be treated: Work as a teamà ¢Ã¢â€š ¬Ã‚ ¦Trust and respect each otherListen, support and say thank youà ¢Ã¢â€š ¬Ã‚ ¦Share knowledge and experience.so we can enjoy our work. Tesco has been taking regular feedbacks from customers by asking them and the staff what can be done to make shopping with them and working with them better.(2) 1.2 Undertake an evaluation of the component parts of a strategic plan Tescos strategy to diversify the business in 1997 has been a very important landmark and the base to the success of the company. Product Diversification from being only food retailer to non-food retail was the best decision that has made Tesco to be the market leaders in many of their markets in and outside UK. According to Tescos official website (www.tescoplc.com), its vision and mission are: Vision- Every little helps. Tescos vision is very simple as it is stated. It simply focuses on providing every little helps to the customers. Tesco is willing to follow the customers and their basic needs and be the only retailer to help them out with every kind of help they need -small or big Mission Tesco aims to broaden the scope of their business to enable it to deliver strong long-term sustainable growth by following their customer into large expanding markets at home such as financial services, non-food and telecoms and new markets abroad, initially in Central Europe and Asia, and more recently in the United States Chairman s statement Over the past decade Tesco has transformed itself into a diverse international business- we are well-positioned for long-term growth. Tesco is scanning the external environment as much as possible in order to develop its mission and vision. All these efforts from Tesco is making them able to meet their strategic plan to be everywhere, to sell everything and sell to everyone . Managers are taking further actions to full fill their promise. They are satisfying and identifying customer needs through affordable prices, quality products, home delivery, 24 hrs service, recycling, business expansion and technological developments such as online shopping and home deliveries. These evidences shows that; there is a clear alignment between their mission. Vision and strategies. This helps tesco in being market leader in UK retail super markets. 1.3 Analyse the factors affecting the strategic plan For any business to run and meet its long-term strategic aims and objectives, there is a great involvement of the environment. The environment is divided into Macro/external and Micro/internal environment and there factors which are affecting the long-term organisational strategic planning. Some factors both external and internal for Tesco are discussed below: Internal factors are those factors which come from the business and affect it without any regards to the external factors like suppliers, customers, distributors and so on. Some examples are Research and Development, Employee Turnover/employee satisfaction, Physical assets, mission and objectives and so on. The internal environment consists of variables (Strength, Weakness, Threat and Opportunities) that are within the organization itself and are not usually within the short-run control of the Top management. This variables form the context in which work is done. They include the cooperations structure, culture and resources, Key strength form a set of core competencies which the organization can use to gain competitive advantage. (Thomas L. Wheelen, J. David Hunger (2000). Strategic Management Business Policy. p10) By analyzing PEST Analysis, it is observed that Tescos strategic plan is affected by various external factors. They are: 1. POLITICAL FACTORS Government interferes in the economy of every company. Factors such as tax policy, labour law, environmental law, trade restrictions, tariffs and political stability makes the major impact on the business and the society as well as the global market. This year the government has increased the tax from 17.5% to 20%. This has affected the profit of Tesco and is affecting the long-term aims, mission and vision of Tesco. 2. ECONOMICAL FACTORS Economic factors include economic growth, interest rates, exchange rates and the inflation HYPERLINK http://en.wikipedia.org/wiki/Inflation_rate / Inflation raterate. These factors have major impacts on how businesses operate and make decisions. For example, interest rates affect a Tescos revenue and therefore to what extent a business grows and expands. Exchange rates affect the costs of exporting goods and the supply and price of imported goods in an economy. Example: increased fuel tax, impact of credit crunch on sales. SOCIAL FACTORS Social factor includes the cultural aspects and include growth rate of population, age distribution, health consciousness, career attitudes and health and safety. Changes in the social factors affect the demand for a companys products and how that company operates. For example, the new trend of health consciousness has resulted in Tesco to produce more organic and low fat foods such as skim milk, organic milk, organic vegetables, Lighter choices with nutritional value mentioned in the product and local charities and getting Thailand over fit- 3 million people involved in aerobics Tesco has changed various management strategies to adapt to the social trends such as recruiting older workers and long term unemployed people as a part of social responsibility; Regeneration: where people who are unemployed for more than 6 months had been trained for several weeks and were guaranteed jobs; Community Champions and many volunteers helping the community and local charities. (UK supporting canc er research with race for life to fight against cancer) (4) 4. TECHNOLOGICAL FACTORS Technological factors include technological aspects such a Research and development activity, technology incentives and the rate of technological change. Technological changes in Tesco can affect costs, quality, and lead to innovation. Example: Use of self check out service, online shopping and reserve and collect service(new) has saved huge amount of labour cost, has avoided customers from being charged for same product more than one time plus has saved time of the customers. Or use of security system and CCTV cameras has prevented Tesco from having huge amount of stock variances and made the staff more work efficient with the fear of being caught while doing irresponsible activity during their duty hours. 5. ENVIRONMENTAL FACTORS Environmental factors are growing awareness of the potential impacts of climate change is affecting how tesco operates and the products they offer, both creating new markets and diminishing or destroying existing ones. Zero carbon foot prints, Recycling, sustainability are the areas of focus for tesco, so that the products have been labeled with the message of recycling. Using local resourced products is attracting customers towards the specific food products.Example: climate change affecting Tescos supply and transport. 6. LEGAL FACTORS Legal factors include discrimination law, consumer law, data protection law, antitrust law, employment law, and health and safety law. Assuring Health and safety in all the regions wherever it is expanded is one more challenging Legal responsibility of Tesco. These factors can affect how Tesco operates, its costs, and the demand for its products. Example: Tesco to avoid the legal opposition to expand on the high streets LO2: Evaluate alternative strategies to meet the desired future strategic position. 2.1 Apply a range of strategic analysis tools to audit progress towards strategic aims and objectives SWOT ANALYSIS FOR TESCO INTERNAL FACTORS Strength Weakness  · Giant Leader in superstores  · Financial stability  · Huge Brand name  · Bulk goods importers and sellers  · Product Diversification from being food retailer to non food plus electronics, telecom, insurance, banking and finance  · Competitive pricing-providing goods and services in low price  · Ensuring Health and Safety in different parts of the world  · Maintaining Quality issues as the goods are supplied from different suppliers abroad, out of which some are not very experienced with maintaining high quality.  · Stabilizing itself as a good non food retailer.  · Maintaining their presence and growing customer loyalty in the recently expanded countries  · Expansion in more developing c countries  · The competitors: Asda being competitively cheaper Sainsbury, Morrison being food retailers with comparative pricing  · Environmental issues and corporate Governance responsibility Opportunities Threats EXTERNAL FACTORS Strengths Giant leader in superstore and financial stability Tesco has over 2200 stores and Tesco holds more than 71% share in the UK retail market Its strategic capability explains that it will continue to grow share in food, while increasing space contribution from supermarket will allow it to drive a higher share in non-food. Tescos business growth shows no sign of failing. In the UK, Tescos late 2006 investment into West-midlands based convenience store group TS was billed as the most aggressive move into the neighbourhood market by a big-name retailer so far. They are aggressively expanding and going with acquisitions with the local food stores. The deal has turned Tesco into the countrys biggest convenience store chain, and the company also plans to open up 95 new stores PLC in the UK this year which includes 6 stores purely based on Regeneration Scheme. Tescos general growth shows no sign of failing. Health safety issues and maintaining quality Maintaining health and safety is a major challenge for Tesco. From the suppliers to warehouses and to the store, there is always a risk associated. Plus making sure that the stock is properly handled in the store by stacking them properly and the use of trolleys and their proper management is also the major responsibility of Tesco. They must make sure that every single person who is linked to Tesco should be safe while they operate their operations. Maintaining the quality and standard of goods they supply is also a major challenge to a bulk good retailer like Tesco as they have to get goods from their suppliers all around the world. They have been very fair to their suppliers and they want them to be decent to them by maintaining the standard of the goods they produce and supply. Opportunities Business growth and expansion in Europe is successful but it still has to work in some other parts of world. They have just started exploring Asia but being all over Asia and the rest part of the world is a strong opportunity. Being established as a non-food retailer is another very good opportunity for Tesco. Since the start of diversification, they are working to prove Tesco not only as a grocery store but a superstore providing customers with every little helps. Weaknesses 2.2 Review and assess the expectations of major stakeholders and their influence upon the organisational strategy Engagement with stakeholders is helping Tesco identify new risks and opportunities and to ensure that their long-term goal and strategy is sustainable. In some cases, they have found that working with stakeholders in partnership can help deliver shared goals. Tesco feels that they might not be able to satisfy all stakeholder concerns all the time but through proper engagement they can do their best to balance competing demands. Tesco is very committed to having a productive dialogue with its stakeholders inorder ensure that they understand what is important to them. This is allowing themselves the opportunity to maintain their position. Engaging with stakeholders includes customers, employees, suppliers, investors, government, regulators and non-governmental organisations.() (www.tesco.com/cr2010) The major stakeholders of Tesco plc.are: Customers Customers need to be able to trust tescos business and they will only trust only if they believe that there is appropriate engagement in regular basis with the stakeholders. Tesco has been using various strategies to able to win the trust of its stake holders by following various strategies such as Cost leadership, diversification, Tesco believes that if they can offer what the customer needs than surely they will come back and purchase again. This is helping to establish and gain lifetime loyalty of the customers. The launch of Club cards is helping customers satisfy their needs and quality services are the functional business strategy of Tecso. They have been innovating more than 2000 new products (food/non-food) every year depending upon the demand of the customers. Example: Launching organic, dietary and healthier food options, Nutritional values in the packaging and making sure that the quality of the food is maintained by doing mystery audits in the suppliers factories. And the new self check out system where customers can grab whatever they want and go has helped the customer to manage their time and made it simple to operate. According to the Tesco website, Tesco says No-one tries harder for customers: Understand customers. Be first to meet their needs. Act responsibly for our communities. Treat people as we like to be treated: Work as a team. Trust and respect each other. Listen, support and say thank you. Share knowledge and experience.so we can enjoy our work. We regularly ask our customers and our staff what we can do to make shopping with us and working with us that little bit better. This proves Tesco has been treating their customers as the core of their business and are providing every simple and small helps by being fair to them. (http://www.tescoplc.com/plc/about_us/values/) Employees Tesco employees 285,000 employees. Philip Clarke, Chief Executive from 2011 says If we dont look after our staff the chances are they will not look after our customer. (http://www.tescoplc.com/plc/media/board_announcement/) Tesco has been using the term A great place to work in which they include; Our staff have told us what is important to them to be treated with respect, having a manager who helps them, having an interesting job and an opportunity to get on. Helping achieve what is important to our staff will help us to deliver an Every Little Helps Shopping Trip for our customers. (http://www.tescoplc.com/plc/about_us/values/) The statement clearly states that they treat everyone with respect and dignity. At the same time they have great managers who are always ready to help the team and make their job interesting everyday and giving them good opportunities by job rotation, job enrichment and job enlargement. These activities take the employees off from the regular job pattern, motivates them to learn and do new things everyday. And staff are the basic point of contact to customers and it is very important to get them right to gain satisfaction and loyalty of all our customer. Employees are the most important and basic level of contact with customers. Every customer remembers his first experience when he visits the store and the way he had been assisted. A good and motivated employee always treats them very well. So Tesco has been very focused to make sure the employees do their duties in the right way and makes sure that every customer and even the employee is being treated in the right way. Rewards wise also Tesco is the only organization which has been giving bonuses to their staff on doing their regular jobs. For maintaining the accuracy of stock level they get 15% bonus, till accuracy 5% bonus and Mystery shoppers result 5% bonus. Apart from this there are more benefits and rewards the employees are getting like holiday pay, outstanding service award, discount in shopping, career breaks, free company shares. Tesco has recently given a huge amount of share profit to its employees (02/06/10). More than 216,000 Tesco staff, from checkout operators to drivers and managers found out that they will share a  £105 million bonus pot as the company announced details of its biggest ever Shares In Success scheme(http://www.tescoplc.com/plc/media/pr/pr2010/2010-06-02/). Supplier Tesco has been supplying goods from different parts of the world as the bulk retailer has to meet the demands of huge retail market segment like Kenya, South Africa, Spain, Scotland, Wales, and has high expectations of its suppliers. They have built a strong relationship with their suppliers, have given them the best value for their customers and given their customers the confidence of maintaining good standard through out their chain. They are very focused in treating the people in the right way so that they perform better and which will automatically helps in improving sustainability in their supply chain by encouraging suppliers to make proper investment in products and stable work. Due to their decent pricing, Tesco is confidient to keep the trading for longer period of time and is willing to get enough support from its supplier by being with them and helping them maintain their ethical and food standards. Tesco has been sourcing products from the countries which has cheaper good employment practices, cheap labour and less regulations to maintain the level of margin. (http://cr2010.tescoplc.com/en/buying-and-selling-our-products-responsibly.aspx) Tesco has been paying more for the diary suppliers. Kenayen suppliers had been supplying goods since long time. Tesco launched an awarding agenda where they had been launching surprise visits and evaluating the hard work done by the suppliers and rewarding them afterwards. Tesco has also been providing necessary training to the suppliers staff in Kenya, South Africa. The following diagram shows the competitive rivalry and shows the effect of stake holders in the business. 2.3 Analyse, interpret and produce a structured evaluation of the organisational strategic position Note: The challenges faced by the organisation may be identified, for example, competitive environment, external climate and globalisation (if applicable) may be examined. The knowledge gained by studying Porters three generic strategies and PESTAL analysis may be applied. Political view reflects that the economic downturn- credit crunch has lead to high number of unemployment. But Tesco has been able to help a number of people by providing them jobs. and therefore helping the unemployment. Regeneration: People who are unemployed for more than 6 months had been trained for several weeks and were guaranteed job. Three new stores were opened and 320 people were employed. 6 more stores will be opening this year. Community Champions: Tesco has Community Champions and many volunteers helping the community and local charities, Healthy living for customers: is one of key promise by Tesco and is celebrated by producing healthy products like lighter choices, nutritional value mentioned in the product, getting fit-Thailand over 3 million people involved in aerobics, UK supporting cancer research with race for life to fight against cancer. Tesco is also instrumental as a retailer in supporting carbon reductions and have also encouraged their customers to make low carbon choices .They created a  £100 million Sustainable Technology Fund for this purpose. At the same time they are maintaining the eco-friendly approach by helping reducing the pollution-they are passing the message to their customers to reuse and recycle the wastages. LO3: Decide upon a strategy and identify how, if required, you would justify your selection to meet the required future strategic position. 3.1 Identify and develop a range of alternative strategic options to meet strategic aims and objectives Note: This section requires the candidate to apply his/her own judgement so that a few alternate options are visualised and discussed,. For example the candidate may propose emphasis on alternate products, or increased after sale service, or following aggressive marketing strategy etc. During the 1980s Professor Michael Porter from Harvard Business School developed the model of generic competitive strategies. He called the strategies generics as they can be undertaken by businesses of any size or type, even if they are non-profit organisations (Hunger and Wheelen [2001]p82). He argued that companies only have three strategies to choose from: Cost leadership Differentiation Focus Porter also believed that before a company decides which strategy to adopt, it must know its competitive scope: the breadth of its target market, the range of products it wishes to produce, the distribution channels, the type of buyers and geographic areas it wants to serve and the related industries it will be competing in (Hunger and Wheelen [2001]p82).The cost leadership strategy is aimed at the broad mass market and requires actions like cost minimisation in research and development, services, sale forces, advertising and so on. By doing this the company will sell its product for smaller price than its competitors but still achieve reasonable profit. This also creates entry barrier for the new market entrants, as it would be difficult for them to match the low cost of the existing producer. (Hunger and Wheelen [2001] p83). The differentiation strategy is aimed at the broad mass market as well, but this time creating a product which must be perceived as unique by its customers, for example through design, The strategy aims to gain customer loyalty and therefore making the buyer insensitive image, technology, customer service, dealer network and so on to a higher price. This again will also make entry more difficult for new entrants (Hunger and Wheelen [2001] p83). (Hunger and Wheelen [2001] p83) argue, differentiation strategy generates high profits as it creates a better entry barrier. Low cost strategy however creates increase in market share. Focus strategy concentrates on serving only a certain niche market as either a cost leader or with a differentiation strategy. In cost focus a firm seeks a cost advantage in its target market only, in differentiation focus a firm seeks differentiation in its segment (Lynch [2000]p.568) The following diagram may illustrate Porters model in more detail: Fig: Porters Generic Model (http://www.quickmba.com/strategy/generic.shtml) Tesco has been implementing the cost leadership strategy since its establishment. And after going to non-food retail in 2004, it also applied the diversification strategy in their business to meet the customers every needs. Tesco launched its own broad band in 2004 followed by Home plus in 2005. Globalisation has been another important step taken by Tesco. Though Tescos Fresh n easy did not do very well in USA in the first 2 years of its establishment, now it is maintaining its grip among the customers, according to Sir Terry Leahy Chief Executive. Tesco has been very successful in Europe and in Asia. To flourish more of its business in South Asia, Tesco has an exclusive franchise agreement with Trent, the retail arm of Tata Group to support the development of their Star Bazaar format by the end of 2010 in India. Since Tesco has already used the first two strategies, it still has the Focus strategy in hand. Tesco can still aim on the niche markets and work on that segment of the market in order to gain more market share. Tesco has recently opened their first baby store in Manchester which provides all the necessary materials to the toddlers including clothes, push chairs, strollers, car seats, high chairs etc. Similarly, the start of DRIVE-THRU store has covered another segment of people who drive and have very strict time schedule. Apart from that Tesco should also work on its weaknesses. Maintaining Health and safety in all parts of the world with its globalisation and maintaining quality of goods upto the Tesco standard at all times is the major challenge. Tesco should make sure that their ware house, suppliers factories and even the shop floor should be Health and Safety approved and should have all kinds of equipments that helps in maintaining it such as use of helmets, gloves, safety goggles and also training the people with right procedures of lifting weight, handling chemicals and so on. Tesco must make sure that every product they sell is 100% hygienic to the customers and has the same quality and standard at all times. Because of having different suppliers all over the world and buying goods on bulk, Tesco might not be have been able to keep proper maintained standard at all times(as some issues were raised last year regarding the bread supplier) So focusing strategy is not only a good idea to get a grip over the niche market segments but also to maintain its brand value among the existing customers. 3.2 Determine and justify the strategic option that meets the revised strategic position Note: Out of the alternate options in 3.1 above, the one which is considered to be most suitable to meet the new strategic position, may be identified. Justification may be given as to how this selected option is likely to fit in the present position. Out of the various strategies suggested above in 3.1,Focus on maintaining quality and brand value at all times all over the world without a single compromise is the most important option which is most suitable to meet new strategic position and is likely to fit in the present position. Tesco has already been market leader in Cost leadership and has used Differentiation strategy to its limit by understanding the needs of people to the basic extent and providing them the services and satisfying them. They have already started working in the niche marketing strategy by starting DRIVE-THRU store and Kids store. Tesco is aiming to launch mortgages in the first half of 2011, followed by current accounts in the second half of 2011/2012 financial year.

Women in Shakespeares Writings :: essays research papers fc

Shakespeare wrote many entries based on his feelings at that moment. The basis of many of his female characters was brought about by these certain emotions. The women in Shakespeare's writings emphasize many of the characteristics that reflect his own personality. Shakespeare bases many of his plays and poems on his moods.It is often said when writers write of what emotional state they are in, their words form the essence of their works. Shakespeare's moods, whether dark or romantic, have brought about many excellent plays that still touch the hearts of many to this day. (Kellog 225 -256) An example of his romantic mood is found in his play Romeo & Juliet. The strong love between the two reflected Shakespeare's love for his wife Anne. The bonds of love drive the "two star-crossed lovers" to disobey their families in hopes that their true love will unites the mortal enemies forever. In turn it pushes everyone to the edge. Juliet's father partially disowns her because she refuses to marry the suitor he has chosen for her. In effort to keep her and Romeo's love alive, Juliet takes a drug that makes her seem as though she were dead. (O' Conner 69) In the hour of her "fake" funeral, Romeo's friend Balthasar misinterprets Juliet's death. He flees to Mantua, which is where Romeo is exiled for slaying Tybalt. Romeo, not knowing of Juliet and the priest's actions, believes that story he was told to be true. He then returns to Verona a sad and forlorned man. (o' conner 127) Upon his return, Romeo purchases poison so that he may join his true love at the gates of heaven. He arrives at the church and approaches the supposedly dead Juliet. He allows himself one last hug and kiss before they are to meet again. As Romeo drinks the poison, Juliet awakens to find her love dying before her. When Romeo dies, Juliet feels the only way they can be together is in death. Therefore, Juliet falls on Romeo's sword so they can reunite again. Romeo & Juliet is one of Shakespeare's most famous romantic tragedies. (O' conner 217) Another characteristic that Shakespeare posses and gives to his female characters is religious beliefs. During the Renaissance period, women were very active in religion. They were only allowed to speak their minds in church so that is where they spent most of their time (sachs 17). The belief of the Renaissance time was that men ruled over their wives, as parents did children, as kings did coutries, and as God rules over all.

Old and New Government Accounting Distinguished

OLD AND NEW GOVERNMENT ACCOUNTING SYSTEM DISTINGUISHED | OLD| NEW|Accounting Entries| * Manual * Maintains numerous special journals with several wide columns| * Computerized * Simplified and updated accounting system| Commission on Audit| Journalizes the appropriation and allotment released by the Department of Budget & Management | No longer journalizes the appropriation and allotment released by the Department of Budget & Management | Bureau of Treasury| Accounting rules & regulations pertaining to cash operations, collections, remittances and disbursements are issued by the COA, jointly or with the concurrence of Department of Finance and the Department of Budget & Management. | Bureau of Treasury maintains the Registry of NCA & Replenishments (RENREP) for control & monitoring of NCA bank transfers released by the Department of Budget & Management. Government Agency| * Does not journalize the Notice of Cash Allocation (NCA) it receives which in effect, identifies the share of age ncy in the income of the national government. * Journalizes its appropriations and allotments. | * Now journalizes the Notice of Cash Allocation (NCA) it receives which in effect, identifies the share of agency in the income of the national government. * No longer journalize its appropriations and allotments; instead it shall maintain the ff. : Registry of Allotments and Obligations- Personal Services (RAOPS), Registry of Allotments and Obligations- Maintenance and other Operating Expenses (RAOMO), Registry of Allotments and Obligations- Capital Outlay (RAOCO), Registry of Allotments and Obligations- Financial Expenses (RAOFE). Basis of Accounting * Expenses * Income and Revenue| Accrual & Cash Basis shall be taken up in the accounts of that year recognized when earned except in case of taxes, where revenues that remain unrealized at the close of the fiscal year shall not be recognized| Modified Accrual Basis recognized when incurred & reported in the F/S shall be recognized on accr ual basis except for transactions where accrual basis is impractical or when other methods are required by law| Fund| All income accruing to the agencies shall accrue to the General Fund of the government and all money collected on any tax levied for a special purpose shall be treated as Special Fund. | Adopts one fund concept and that is the General Fund| Chart of Accounts & Coding Structure| * Six-digit account numbering system * There are contingent accounts. * Expenditures charged to capital outlay are classified as expenses. | * Three-digit account numbering system * There are no longer contingent accounts. * Expenditures charged to capital outlay are classified as expenses. Books of Original Entries| Journal of Collections & Deposits, Journal of Disbursements, Journal of Checks, Issued, Journal & Analysis of Obligations & Journal of Bills are being used| – no longer used, only the General Journal shall be used namely (1) Cash Receipt Journal, (2) Cash Journal, (3) Check Disbursements Journal and (4) Cash Disbursements Journal| Trial Balance| Four-money column listings of all general ledger accounts used in the operations of the agency, whether, the accounts are with or without balance| Two-money column| Financial Expenses| Recognized as components of Maintenance & Other Operating Expenses (MOOE)| Shall be separately classified from Maintenance & Other Operating Expenses (MOOE)| Contingent Accounts| Used to record claims for accounts in dispute| No longer be used, all financial transactions shall be recorded using the appropriate accounts| Corollary Entry & Negative Journal Entries| Being used| Discontinued | Journals used| Cash Journal and General Journal are used together with the ledgers by both books. | With the implementation of the computerized agency accounting system, only the General Journal shall be used together with the ledgers by both books. |

Forming Declarative Sentences - Exercise

Forming Declarative Sentences - Exercise This exercise will give you practice in changing word order and (in some cases) verb forms as you convert 12 interrogative sentences (questions) into declarative sentences (statements). After completing this exercise, you can also try forming interrogative sentences. Instructions Rewrite each of the following sentences, turning the ​yes-no question into a statement. Change the word order and (in some cases) the form of the verb as necessary. When youre done, compare your new declarative sentences with the sample answers below. Is Sams dog shivering?Are we going to the football game?Will you be on the train tomorrow?Is Sam the first person in line?Was the stranger calling from the clinic?Does Mr. Amjad think that I will be waiting for him at the airport?Do the best students usually take themselves too seriously?Does Ms. Wilson believe that everybody is watching her?Am I the first person to make fun of the idea of calorie counting?Before going away on vacation, should we cancel the newspaper?Wasnt the boy in the snack bar wearing a bright Hawaiian shirt and a cowboy hat?Whenever you leave a young child with a babysitter, should you give her a list of all emergency phone numbers? Answers to the Exercise Here are sample answers to the exercise. In all cases, more than one correct version is possible. Sams dog is shivering.We are going to the football game.You will be on the train tomorrow.Sam is the first person in line.The stranger was calling from the clinic.Mr. Amjad thinks that I will be waiting for him at the airport.The best students usually dont take themselves too seriously.Ms. Wilson believes that everybody is watching her.I am not the first person to make fun of the idea of calorie counting.Before going away on vacation, we should cancel the newspaper.The boy in the snack bar was wearing a bright Hawaiian shirt and a cowboy hat.Whenever you leave a young child with a babysitter, you should give her a list of all emergency phone numbers.

Free Essays on Comrades

Comrades is a celebration of male friendships. Acclaimed historian Stephen Ambrose begins his examination with a glance inward he starts this book with his brothers, his first and forever friends, and the shared experiences that join them for a lifetime, overcoming distance and misunderstandings. He next writes of Dwight D. Eisenhower, who had a golden gift for friendship and who shared a perfect trust with his younger brother Milton in spite of their apparently unequal stations. With great emotion, Ambrose describes the relationships of the young soldiers of Easy Company who fought and died together from Normandy to Germany, and he recalls with admiration three unlikely friends who fought in different armies in that war. He recounts the friendships of Lewis and Clark and of Crazy Horse and He Dog, and he tells the story of the Custer brothers who died together at the Little Big Horn. Ambrose remembers and celebrates the friends he has made and kept throughout his life. Comrades concludes with the author's recollection of his own friendship with his father. "He was my first and always most important friend," Ambrose writes. "I didn't learn that until the end, when he taught me the most important thing, that the love of father-son-father-son is a continuum, just as love and friendship are expansive."... Free Essays on Comrades Free Essays on Comrades Comrades is a celebration of male friendships. Acclaimed historian Stephen Ambrose begins his examination with a glance inward he starts this book with his brothers, his first and forever friends, and the shared experiences that join them for a lifetime, overcoming distance and misunderstandings. He next writes of Dwight D. Eisenhower, who had a golden gift for friendship and who shared a perfect trust with his younger brother Milton in spite of their apparently unequal stations. With great emotion, Ambrose describes the relationships of the young soldiers of Easy Company who fought and died together from Normandy to Germany, and he recalls with admiration three unlikely friends who fought in different armies in that war. He recounts the friendships of Lewis and Clark and of Crazy Horse and He Dog, and he tells the story of the Custer brothers who died together at the Little Big Horn. Ambrose remembers and celebrates the friends he has made and kept throughout his life. Comrades concludes with the author's recollection of his own friendship with his father. "He was my first and always most important friend," Ambrose writes. "I didn't learn that until the end, when he taught me the most important thing, that the love of father-son-father-son is a continuum, just as love and friendship are expansive."...

What are some of the perspectives that western scholars have employed Research Paper

What are some of the perspectives that western scholars have employed to understand the Cultural Revolution in China in 1965 - Research Paper Example and in regard to the Cultural Revolution itself, the content is expected to better explain how Western scholars arrived at their judgments and allow the readers to better pinpoint biases, inadequacies and their opposite in the humungous body of literature on the subject. The study of Communist China is a field in itself and that the corpus of literature written about the subject in the West could probably equal the rest of Chinese history combined. In the study of the Cultural Revolution, Western scholars analyze and understand the phenomenon using the studied society’s criteria or some use their own society’s criteria. Few scholars go so far as to claim that internal criteria are in principle inaccessible to cross-cultural scholars or that using either internal or external criteria is inherently inappropriate. According to Xiuwu Liu: this dichotomous classification of evaluation criteria as internal versus external, like the similar dichotomous classification of points of view, has serious limitations. Indeed, as with points of view, it is impossible to classify many criteria according to this dichotomy. More important, the subjects and purposes of evaluation are diverse.1 Indeed, one single set of assessment criteria for the Cultural Revolution among Western scholars, whether it be internal or external to the extent that it can be identified, cannot appropriately or adequately cover all possible assessment situations. And so, it is understandable that there are many ways, perspectives and approaches to analyze the Cultural Revolution and scholars contend on the methods most appropriate for the country and for the period. Nonetheless, there are sufficient evidences from which valid and credible interpretations could be made as the subject - the Cultural Revolution – is widely documented. For this paper, two important perspectives are explored that – the Mao-in-command model and the factionalism models. Radicalism in China began in 1956 with Mao’s

Personal Entrepreneurial Viewpoint Essay Example | Topics and Well Written Essays - 1250 words

Personal Entrepreneurial Viewpoint - Essay Example Although the writer (student) may not be able to start his own business, he may not be happy if there is no chance in his work and life to articulate his creativity. He may problems in bringing his ideas to success despite his inventive nature, and other people may end plagiarizing hid ideas. Entrepreneurship enables one to describe an enterprising person as he or she possesses entrepreneurial traits. There are different types of energetic people just as there are various types of entrepreneurs distinguished by their association with business owner management, involvement with new technology, business, motivation, and growth orientation. The inclination to start up and manage projects is referred to as an enterprising tendency. The most ambitious individuals put up projects more frequently and place more innovative projects. This implies that they have to be opportunistic and good at utilizing resources, which include organizational, physical, technological and human resources. The following are qualities of an extremely enterprising person: he takes charge, have a high need for achievement, use of resources to achieve plans and seek opportunities. Others are being innovative and their ability to take risks. Currently, the economy has undergone a transformation from knowledge-based activities to imagination, entrepreneurship, innovation and creativity (Van den Broeck et al. 2008). Increasing technology and globalization impacts have resulted in more business opportunities, but the marketplace has become more crowded and competition has rise (McMullan & Shepherd 2006). Creativity assists the entrepreneur to take action on these opportunities in ways that can result in competitive advantage for the business. It can offer a basis for business growth and innovation as well as leading from the positive impact on the society in general (Bilton 2007). Entrepreneurship happens to all sizes and