The American Foreign Policy Changed Over Time - 1606 Words

The American foreign policy changed over time has reflected in its national interest. Foreign policy is a major issue for the people today is because after the terrorists attacked in Paris, they killed over a hundred people. Therefore, the United States wants to go start a war with terrorists in Isis. But Congress prevents the United States from going in war with Isis.They claim if they were start a war with Isis, it will promotes more terrorists in the country. Also, they said it would be better if the United States were to stay neutral and stay away from foreign affairs. Although, the country wasn’t entirely sure if it’s the right thing to ignore other countries’ problems while they are dealing with terrorists. It is the United States’ job and responsibility to intervene in countries and give them support against terrorists. There are times when the United States are stay in insolation, at first, but eventually they start invade in other countries. The y only invade in other countries while they might threaten their economic resources, industrial trade or businesses and the people. For an example, in World War I, when the British was fighting against the Axis Powers in Europe, they asked the United States to come join them, but they denied their request multiple times. The United States doesn’t want to be in the conflict or involved with war problems Thus, they ignored them most during World War I. But, in regards to the Germans had attacked the Lusitania shipShow MoreRelatedWeapons Of Mass Destruction Of Nuclear Weapons904 Words   |  4 PagesThe fear and controversy over weapons of mass destruction of nuclear weapons is still an uprising fear and subject in the heart of the American people, our allies, our enemies, and to the rest of the world who simply just knows of the presence. Soviet Russia started that fear in the 1960s, becoming the first large source of nuclear power and weapons (Cowley, 1996). Nuclear weapons undoubtedly brought change on the overview of maritime warfare. The fear of this destructive source of weapon broughtRead MoreThe Trends Of Foreign Policy And National Security1653 Words   |  7 PagesAmerican foreign policy has gradually changed since the birth of our nation. On July 4, 1891, John Quincy Adams addressed the Senate and House of Representatives during a powerful Independence Day speech designed to prevent an alliance with the Greeks against the Ottoman Empire. Although sympathetic to their cause, he warned against involving America in other states’ affairs, stating,† America does not go abroad in search of monsters to destroy. She is the well-wisher to Freedom and independenceRead MoreU.s. Foreign Policy Approaches1424 Words   |  6 PagesThe United States (U.S.) uses two approaches to their foreign policy. The first approach is realism. This viewpoint stresses that the principal actors, states, will pursue their own interests in an anarchical w orld. States will try to establish a balance of power that restrains aggressive states from dominating weaker ones. The second approach is idealism. This view stresses that states should transform the system into a new international order where peace can prevail. This approach emphases theRead MoreThe Cold War And Its Effects On The Soviet War1343 Words   |  6 Pagesthe fact that it lasted nearly 5 decades. The Cold War changed histrionically from each administration change that every nation faced during these long time periods. In the Soviet Union political landscapes went from Stalin to Khruschev then Brezhnev, each impacting the Cold War with significant actions. In the film Czechoslovakia 1968: We Don t Want to Live on Our Knees explains after the suicide of Hitler the fascist regime merely changed from Hitler’s â€Å"Third Reich† to Stalin’s â€Å"Red Army† in 1944-45Read MoreBay of Pigs: Historiography845 Words   |  4 PagesMichael Wolf ENC1101 Dr. Brown July, 08, 2013 The Bay of Pigs On April, 17, 1961 the Bay of Pigs, the biggest foreign affairs disaster in U.S. history, occurred. At first the operation was supported but as the years went by the feelings of it changed, showing mostly in the policy changes of the some of the presidents over the next 49 years. June 24 1961 reporter Stewart Alsop published an article in the Saturday Evening Post titled â€Å"The Lessons of the Cuban Disaster.† In this article AlsopRead MoreU.s. Obama s Foreign Policy1621 Words   |  7 Pagestended to keep away from foreign policy. Some of Obama s Major Foreign Policy accomplishments are:Ending the war in Iraq Killing of Osama Bin Laden ,Nuclear deal with Iran ,Paris Climate Change Agreement, Opening of relations with Cuba, Trans-Pacific Partnership. He also went to go visit Cuba during his last year in office to break tensions with Cuba. Obama’s decisions on action vs inaction will be judged by what happens after he leaves office. Obama s foreign policy seems very weak compared toRead MoreTo what extent did the goals of American foreign policy change in the years 1930-1941? For what reasons did these goals change?1205 Words   |  5 PagesThe 1930s were a difficult time for most Americans. Faced with colossal economic hardships—unprecedented in American history—many Americans turned inward to focus on the worsening situation at home. The United States became increasingly insensitive to the obliteration of fellow democracies at the hands of brutal fascist leaders like Hitler and Mussolini. The U.S. was determined to stay out of war at all costs—even if its allies were in trouble; Americans believed that they were immune from Europe’sRead MoreNational Security Shaped The Constitutional Balance Since 1789910 Words   |  4 Pagespresidential authority†¦.. The founding fathers intended for a United States government to be run significantly through the legislative branch, and to encompass the majority of domestic and foreign matters of governance. However since 1789 the forces and imperatives of national security have been shaped foreign policy matters to be the focus and responsibility of the President and the Executive branch of government. Presidential actions of key Presidents such as George Washington, Teddy Roosevelt, DwightRead MoreThe Negative Impacts Of Isolationism And Isolationism In America1716 Words   |  7 Pagesyears America has been seen as the world’s hero swooping in and saving the day from foreign bad guys, or at least that’s America sees itself as. To many other countries however America is often seen as the world’s bully or just a nuisance. The United States has had many positive impacts on the world and those seem to over shadow the large number of negative impacts it has imposed as well. T he world has been changed by the U.S. in both positive and negative ways, and this is due to the alternatingRead MoreThe Truman Doctrine1364 Words   |  6 PagesDevelopment of American Foreign Policy during the Cold War On March 12, 1947, President Harry S. Truman defined United States foreign policy in the context of its new role as a world superpower. Many historians consider his speech to Congress as the words that officially started the Cold War. The Truman Doctrine was a major break from U.S. historical trends of isolationist foreign policy. His speech led to the Cold War policy of containment. Moreover, it served as a precedent for future U.S. policy of interventionism

Hersheys Sweet Mission - 1048 Words

Hersey’s Sweet Mission Chatty Kathy HRM500 January 26, 2013 Hersey’s Sweet Mission In this paper will be discussed options to improve Hersey’s sweet mission by redesigning their performance management system. An analysis of Hersey’s values will also be discussed. Another topic of discuss in this paper will be the trends that may impact Hersey the most. Lastly a topic that will be discussed in this paper is the effects that mentoring has on Hersey’s values. Hersey’s Performance Management System My recommendation is to redesign Hersey’s performance management system. With the help of HR, management should attempt to appeal to the company’s diverse group of employees.†¦show more content†¦(Noe, Hollenbeck, Gerhart, Wright, 2011) Effects of Mentoring while Integrating Values at Hersey A mentor is there to provide expertise and experiences. The experiences include not only the successes, but the failures as well. As the failures are identified and discussed, the mentee comes to realize a person cant always make the correct decision, but that the application of lessons learned are part of the growth process and will lead to better and stronger decisions. Mentors remove the personal doubt, allowing failures to be isolated and examined, and learning applied, while others may chastise the mentee for bad judgment or careless decision making. Mentors work for success. (OPM.Gov, n.d.) Mentoring is a tricky thing: most people want it, but don’t know how to get it. Mentoring is also loosely defined. Just because someone gives you advice, doesn’t mean they are your mentor. Mentoring is a responsibility; a commitment that requires valuable time and focused attention to assure the mentee’s goals a re progressing forward. If you have one steady mentor that is adding value to your career and life, you’re fortunate. Although finding a mentor is difficult and making it work is even more challenging – the rewards are abundant not only for the mentee but for the company as well. (OPM.Gov, n.d.) ConclusionShow MoreRelatedCase Study: â€Å"Hershey’s Sweet Mission†1209 Words   |  5 PagesRecommend the redesign of Hershey’s performance management system to appeal to the diverse groups it employs. To redesign Hershey’s performance management system, a special appeal needs to be made where the system is picked apart looking for areas that will offer immediate improvement and opportunities. Hershey should emphasize the importance of working together, encouraging employees to share new ideas amongst the tenured and newer employees. One way this can be done is through employee empowermentRead MoreEvaluation of a Business Code of Ethics1271 Words   |  6 PagesEvaluation of a Business Code of Ethics, The Hershey’s Company PHL/323 Mission Statement Hershey’s Mission Statement noted here, (Social- Responsibility/Marketplace) â€Å"Bringing sweet moments of Hershey happiness to the world every day,† Provides the focusRead MoreCase Study : Hershey Co.863 Words   |  4 Pages HERSHEY’S Case Analysis â€Æ' Introduction/Current Situation Mission/Vision, Corportate/Business Strategy â€Å"The Hershey Company aims to maintain the number one market share in North America and to become the top three in emerging markets† (The Hershey Co. Shares Growth Strategies, 2013) According to a Hershey’s blog the mission of the Hershey’s company is to â€Å"Bring sweet moments of Hershey happiness into the world every day† (Hershey s Chocolate , 2011). The Hershey’s company vision is to be â€Å"TheRead MoreIntroduction Of The Hershey Company Essay1099 Words   |  5 PagesPersonally Kit-Kat is my favorite. Hershey s is one chocolate that I can eat and it changes my whole mood. Their mission statement is, â€Å"Bringing sweet moments of Hershey happiness to the world every day.†1 Hershey s focuses on love, and not only chocolate. History of the Company 1894 is when it all started. This is when Milton Hershey had just established the company. He was producing sweet chocolate as a coating for his caramels. 1894 was a great year for him because this is also when he started developingRead MoreThe Beginnings of The Hershey Company1155 Words   |  5 Pagesbusiness, and in a short period of time his judgment proves to be true. Mission: Hershey’s mission statement is â€Å"Bringing sweet moments of Hershey happiness to the world every day†. The purpose for Hershey’s mission statement is to show the path and the goal for the future of the organization. Their mission is to deliver a top quality sugar based product that is desired by its consumers for any and every occasion. The mission set for their employees is to seek to become leaders within the organizationRead MoreFactors Affecting the Four Functions of Manangement1823 Words   |  8 Pagessuch as milk, bread, and eggs being more expensive. During the planning process Hershey’s managers are going to have to implement forecasting more than ever. The organizing process involves synchronizing the resources required to attain organizational goals. Due to internal factors such as correspondence and numerous phone inquiries Hershey’s decided to create a company website to address customer inquiries. On Hershey’s website, consumers can read anything from product descriptions to the organization’sRead MoreHershey Marketing1574 Words   |  7 PagesThe Hershey Company 1. History and Overview The first Hershey’s Chocolate Bar was produced in 1900, six years after the firm that would become The Hershey Company (â€Å"Hershey†) was founded by candy-manufacturer Milton S. Hershey. 2. Strategic Planning, Corporate Vision Until late last year when Hershey announced plans to revamp how it organizes its business with two new strategic business units—one for chocolate and the other for sugar confectionery—the company’s marketing organizationRead MoreHershey Case Study3050 Words   |  13 Pagesproducts to over 90 countries, has over 13,000 employees, and generates over $4 billion in sales revenue every year. Mission Statement Analysis Hershey’s Mission Statement: â€Å"Bringing sweet moments of Hershey happiness to the world everyday. Hershey’s mission statement is short and sweet (pun intended). They are able to address the majority of the nine components of the mission Statement with one sentence. Their customers are the world, their product is Hershey, their market is the world, theirRead MoreThe Hershey Company2052 Words   |  9 Pageschocolate and confectionary products. Hershey produces such chocolates as: the Hershey Kiss, Hershey Chocolate Bar, Mounds, Almond Joy, Reese’s Peanut Butter Cups, Kit Kat, and York Peppermint Patty. In this report we will give you the company’s mission, the description, the background and history, highlights of major news events, the SWOTS, their marketing strategy, their commitment to social responsibility, and the financial report card. Business 100 Project Amanda Milgim Ava Winckler HossaiRead MoreEssay On Spies957 Words   |  4 Pagesmom was cooking a dinner consisting of my favorite potatoes and juicy cheeseburgers, Jacob and I suited up for â€Å"work†. We headed outside in Jacob’s camo clothes along with our nerf guns and walkie talkies set out to accomplish our mission. In our minds, our first mission was to get through the laser beams to collect the stolen money when really, we were on the trampoline crossing bungee cords to get to the basketball hoop with a lunch box next to it. Within a blink of an eye, my mom was calling us

Auto management services Free Essays

The automotive dealership General Manager ensures the profitability of the dealership by overseeing the various departments which include variable operations (sales financing), fixed operations (service parts), and the business office (accounting administration). Duties of the general manager include, but certainly not limited to, planning, motivating and coordinating the dealership’s management through leadership and solid business practices. Job Duties Job duties for a general manger include: Hiring all management positions, completing performance evaluations regularly and eveloping short and long-term goals for each department manager (includes administrative, sales, parts, collision and service departments). We will write a custom essay sample on Auto management services or any similar topic only for you Order Now Planning and developing short and long-term goals and objectives annually, and submitting time projections to corporate management for approval. Effectively communicating with the comptroller/office manager on a weekly basis to review departmental forecasts and ensure consistency with annual projections. Paying close attention to daily operations, recommending and creating improved courses of action where necessary. Explaining the policies and procedures of the dealership to all employees nd following up with employees to ensure that these issues are understood and followed. Providing dealership management with weekly reports on the financial condition of the dealership. Overseeing the monthly financial statement to ensure it is complete, accurate and submitted on time to the management/dealership owners. Coordinating with the business/administrative office to ensure that records and analyses are correctly maintained. Creating a good working relationship with lending institutions and manufacturer personnel and maintaining these relationships. Coordinating regular meetings with the managers of each department to ensure heir profitability and efficiency. Overseeing the hiring and training of all department managers. Maintaining an enthusiastic attitude to build positive employee attitudes and morale. Overseeing and maintaining compensation plans for all employees. Creating cost-effective advertising programs and merchandising strategies for the dealership. Focusing on any customer complaints that department managers are unable to rectify and taking the necessary steps to resolve these complaints. Job Requirements General managers should have at least two years of dealership sales and five years in a supervisory position. Experience in other dealership departments is a plus. They must have strong leadership and organizational skills, and the ability to understand profit and loss statements and manage a large, diverse staff. General managers also must possess strong communication skills to deal with customers, employees and vendors. Managers are required to stay abreast of the federal, state, and local regulations attecting their operations and comply witn them, including hazardous waste disposal and OSHA Right-to-Know regulations. Also they must provide the necessary training on regulations and ethical practices. AUTOMOTIVE SERVICE MANAGER SUMMARY Directs and coordinates activities concerned with acquisition of automotive equipment and operation and maintenance of automotive fleet repair and storage facilities by performing the following duties personally or through subordinate supervisors. ESSENTIAL DUTIES AND RESPONSIBILITIES include the following. other duties may be assigned. Coordinates activities of personnel conducting research and testing program on automotive equipment considered for acquisition based on such factors as operational performance, costs of operation and maintenance, operational safety, and compliance with environmental laws and regulations. Reviews and submits staff proposals for modifications to vendor or manufacturer. Directs procurement of all types of company owned and operated automotive equipment and materials, supplies, and parts required to maintain automotive equipment, garages, and storage facilities. Coordinates automotive repair and maintenance services to obtain maximum utilization of automotive equipment and prevent operational delays in other departments. SUPERVISORY RESPONSIBILITIES Manages total of 7 employees in the Automotive Department. Carries out supervisory responsibilities in accordance with the organization’s policies and applicable laws. Responsibilities include interviewing, hiring, and training employees; planning, assigning, and directing work; appraising performance; rewarding and disciplining employees; addressing complaints and resolving problems. QUALIFICATIONS To perform this Job successfully, an individual must be able to perform each essential duty satisfactorily. The requirements listed below are representative of the knowledge, skill, and/or ability required. Reasonable accommodations may be made to enable individuals with disabilities to perform the essential functions. LANGUAGE SKILLS Ability to read and interpret documents such as safety rules, operating and aintenance instructions, and procedure manuals. Ability to write routine reports and correspondence. Ability to speak effectively before groups of customers or employees of organization. MATHEMATICAL SKILLS Ability to calculate fgures and amounts such as discounts, interest, commissions, proportions, percentages, area, circumference, and volume. Ability to apply concepts of basic algebra and geometry. REASONING ABILITY Ability to solve practical problems and deal with a variety of concrete variables in situations where only limited standardization exists. Ability to interpret a variety of nstructions furnished in written, oral, diagram, or schedule form. PHYSICAL DEMANDS While performing the duties of this Job the employee is regularly required to stand; walk; use hands to finger, handle, or feel; reach with hands and arms and talk or hear. The employee is occasionally required to sit; climb or balance and stoop, kneel, crouch, or crawl. The employee is regularly required to lift up to 10 pounds and up to 25 pounds. The employee is frequently required to lift up to 50 pounds. The employee is occasionally required to litt up to 00 pounds. The vision requirements include: close vision. While performing the duties of this Job, the employee is regularly required to talk or hear. The employee frequently is required to walk and sit. The employee is occasionally required to stand; use hands to finger, handle, or feel; and reach with hands and arms. WORK ENVIRONMENT While performing the duties of this Job the employee is regularly exposed to moving mechanical parts and fumes or airborne particles. The employee is frequently exposed to outside weather conditions. The employee is occasionally exposed to high, precarious places; toxic or caustic chemicals and risk of electrical shock. Finance Manager Sells new and used car buyers financing and insurance programs. managers also work with financial lenders to give fair interest rates to buyers and programs. As with all positions within dealerships, managers are expected to uphold the highest ethical standards. Job Duties Offering vehicle financing and insurance to customers and providing them with a thorough explanation of aftermarket products and extended warranties and a complete explanation of manufacturer and dealership service procedures and policies. Seeking new lending institutions and maintaining good working elationships to secure competitive interest rates and financing programs. Processing financing and leasing deals accurately and securing approval through financial sources to secure approval and through the proper federal, state and corporate channels. Understanding and complying with federal, state and local regulations that affect the new and used-vehicle and finance departments. Creating and maintaining a program with the sales department that will ensure all new sales are referred to the department. Training and providing the sales team with information on finance and lease programs and the benefits of the dealership’s financing and xtended service programs. Job Requirements It is recommended that the finance and insurance manager is recommended has two years of automotive sales experience and one year in a dealership management position. Managerial positions are required to maintain the profitability of their department while controlling expenses and maintaining customer satisfaction. Managers are required to not only understand and keep abreast of the federal, state, and local regulations that affect their operations. F ; I personnel require strong communication skills in order to work with customers, employees and finance and nsurance vendors as they represent the dealership. People working within the automotive retail industry often have to work extended hours, evenings and weekends to achieve their goals. HUMAN RESOURCES Job description Human resource (HR) managers are involved with recruitment, training, career development, compensation and benefits, employee relations, industrial relations, employment law, compliance, disciplinary and grievance issues, redundancies etc. The Job involves keeping up to date with areas such as employment law, which change often. Generalist HR roles are usually found in small and medium sized ompanies, where the HR manager will deal with the whole range of HR activities. In large multinationals you will otten tind specialists, tor example in learning and development, recruitment or employee relations. Work activities Developing HR planning strategies with line managers by considering immediate and long-term staff requirements Recruiting staff by preparing Job descriptions and Job adverts; deciding on how best to advertise Shortlisting applicants for interview using a variety of selection techniques including psychometric testing Interviewing shortlisted candidates Advising on pay and other issues, including promotion and enefits; administer payroll and maintain staff records Interpreting and advising on employment legislation; develop and implement policies on a variety of workplace issues eg disciplinary procedures, absence management, working conditions, performance management and equal opportunities Listening to grievances and implementing disciplinary procedures Analysing training needs in conjunction with line managers; planning and delivering training, including staff inductions. Functional Organizations and Product Organization Functional Organizations This is the traditional type of organization. Under functional departments, employees ith closely related skills and responsibilities (functions) are located in the same department. Workers in each of these functions specialized in their tasks and knowledge. For example, senior management set rules and procedures as how to transfer the sales orders into the production schedule, how the customer service deal with complaints and warranty issues. They also have large input in the production process. The main advantage of functional organization is efficiency. It works best in small to medium-sized firms that offer relatively few product lines or services. Example of this functional organization will be for a company that anufactured outdoor BBQ stoves. The Sales people get the orders from the customers; the orders are transfer to the production department for production. Products are made and shipping department ships them to customers. Each department is rated by their department performance. Quality department could delay shipment if they feel the product is not meeting specification, affecting Sales target and their commission. Product Organizations Product organizations are formed based on a particular product, or service. Each of these departments can operate fairly autonomously. A key advantage is better oordination and fewer barriers to communication among the functional specialists who work on a particular product. , Therefore, able to response to customers in a timely way. On the other hand, the disadvantage is that product-oriented departments might actually work at cross purposes. For Example, Toyota has a luxury nigh end line ot automobiles called Lexus in addition to their Toyota Brand . Dealer either sells Toyota or Lexus but not both. Each dealer has the same Sales and Service department. The logic behind this split is Toyota management believe the customers who buy the Lexus brand are more affluent and demand higher How to cite Auto management services, Papers

Tax Analysis Of Genworth Mortgage Insurance †myassintment.com

Question: 1. From your firms financial statement, list each item of equity and write your understanding of each item. Discuss any changes in each item of equity for your firm over the past year articulating the reasons for the change. 2. What is your firms tax expense in its latest financial statements? 3. Is this figure the same as the company tax rate times your firms accounting income? Explain why this is, or is not, the case for your firm. 4. Comment on deferred tax assets/liabilities that is reported in the balance sheet articulating the possible reasons why they have been recorded. 5. Is there any current tax assets or income tax payable recorded by your company? Why is the income tax payable not the same as income tax expense? Answer: Answer 1 The annual report of Genworth Mortgage Insurance Australia Ltd has shown three parts of the equity. Common Stock Other Accumulated profit Retained earnings or distributable profit Common Stock is also known as contributed capital. It is paid up capital which reflects the amount of cash and paid up and other assets that stakeholders had given to corporate in exchange for the shares or stock in company. It is evaluated that Common Stock has decreased equity capital by 40% since last four years. In 2013, Company was having AUD $ 2,074 million equity capital which decreased to AUD $ 1354 million. Reserve or retained earnings are the business profit which has been kept to strengthen the businesss financial position. This amount of capital is also known as accumulated profit which company has arranged from its earned profit throughout the time (Brigham and Ehrhardt, 2013). In addition to this, accumulated profit of company is negative which is not good indicator for company (Genworth Mortgage Insurance Australia Ltd, 2017). Equity (Amount in dollar million) ($M) 2017 2016 Common stock 1156 1354 Accumulated profit (471) (473) Retained earning 1133 1087 Total equity 4232 3833 Answer 2 It is evaluated that tax is the amount of money which is charged on the profit earned by company. Genworth Mortgage Insurance Australia Ltd has been paying high amount of tax and failed to manage effective tax planning program. However, since last two years, tax expenses of Genworth Mortgage Insurance Australia Ltd have gone down due to decreased in its annual income. In 2016, Genworth Mortgage Insurance company has paid income tax expenses of AUD $ 9 7 million which reduced to AUD $ 64 million in 2016. Particular(AUD $ in million) 2015 2016 Income tax expenses 97 67 Nonetheless, Company has decreased its tax payment by increased the tax deductible expenses and increasing the overall interest expenses. It is observed that company has increased the interest expenses which eventually reduced the tax payment to government (Bekaert and Hodrick, 2017). Answer 3 After going through the annual report of Genworth Mortgage Insurance Australia Ltd, it is considered that Companys tax expenses shown in balance sheet is not the same amount of tax rate times. Genworth Mortgage Insurance Australia Ltd has paid AUD $ 97 million tax expenses in 2017 which covers the entire deferred tax amount. At the same time, Tax rate times of Genworth Mortgage Insurance company has been computed by using accounting income* 30% tax rate, i.e. 156*30%. This amount is AUD $ 46.8 million. This would result to differences in tax expense shown in the financial statements and company tax rates accounting income (Garrett, Hoitash, and Prawitt, 2014). Explain why this Reason of differences between Companys tax expenses shown in balance sheet and amount of tax rate times on accounting income The treatment of charging tax on the earned profit of company is different as per the accounting rules and taxation rules and regulations. The tax expenses shown in the financial statement of company is computed as per the taxation rules and regulations and tax amount computed manually is based on the accounting income. The differences between two taxes arise due to main two reasons. First differences is related to items of revenue and expenses shown in the profit and loss account and the items which are considered as revenue, expenses and other expenses which deductible expenses as per the tax rules. Depreciation accounting, recording of donation and charging bed debts are different as per the accounting and income tax rules AASB-122. Answer 4 After going through the annual report of Genworth Mortgage Insurance Australia Ltd, it is considered that deferred tax assets is AUD $ 10 million. This deferred tax amount should be recognized and carried forward only to the limit that it is reasonably certainty that sufficient future taxable income against which deferred tax assets will be realised. It is observed that company has paid higher tax to government as per the income tax rule and regualtions (Kundakchyan and Zulfakarova, 2014). It is considered that accounting income and taxable income are not same and that is why, we see the recording of deferred tax assets and deferred tax liabilities in the books of accounts of company. For instance, if company finds that due to the difference between accounting and income tax provision, if company has charged higher tax revenue by considering accounting rules and regulations then all the excess tax payment will be shown as deferred tax assets. On the other hand, if company charged low er tax as per the accounting rules as compared to tax rules and regulations then difference in amount would be shown as deferred tax liabilities (Genworth Mortgage Insurance Australia Ltd, 2017). Genworth Mortgage Insurance Australia Ltd has shown Deferred tax amount in its assets side of balance sheet which reflects that company may take refunds from the government in case of changes in tax rules and regulations. Particular (AUD $ million) 2017 2016 Deferred tax assets 11 10 Answer 5 Current tax assets and other income tax payable by company It is considered that the current tax payable by company is zero in 2016. The income tax payable is recorded on the liabilities side of company which shows tax amount to be paid by company as per the tax rules and regulations given under AASB 122 (Laudon and Traver, 2013). The current tax assets reflect the amount which company might take from the government. In this case, Genworth Mortgage Insurance Australia Ltd has no current tax assets no any current tax liabilities. Deferred tax payment of company is AUD $ 10 million. Particular(AUD $ in million) 2016 2017 Income tax Expenses 86 67 Why income tax expenses is not same as the income tax payable The main reason is that income tax expenses charged on the profit of current year. On the other hand, income tax payable is the accumulation of outstanding tax which company will pay in future and shown on the liabilities side of balance sheet (Genworth Mortgage Insurance Australia Ltd, 2017). Answer 6 Is the income tax expense shown in the income statement same as the income tax paid shown in the cash flow statement? If not No, the incomes tax expenses, shown in the income statement are not same as the income tax payment shown in the cash flow statement. Why are the differences? Cash flow statement reflects the cash outflow and inflow of money in the current years. The cash flow of income tax in current year is AUD $ 88 million which covers all the tax payment by the company in current year. It may include tax for present and future period. On the other hand, tax payment shown in the profit and loss account is charged for the current year profit as per the taxation rules of AASB122. The cash flow statement reflects all the tax payment either related to current, previous and future year. On the other hand, tax charged in the income statement, is charged on the current year profit of company. The current tax payment shown in the profit and loss account is AUD $ 67 million. Answer 7 Treatment of tax in your firms financial statements Interesting thing about the recorded its entire tax amount The main interesting thing about the recorded its entire tax amount is related to recording of tax as per the accounting rules and regulation and income tax rules as per the AASB-122. It reflects the blockage of high amount of cash in the business. Surprising thing about the recorded its entire tax amount The main surprising thing about the Recording of its entire tax amount of Genworth Mortgage Insurance Australia Ltd is related to companys corporate governance program and recording process of tax in the annual report of company. Company can never have deferred assets and deferred liabilities at the same time in its balance sheet (Genworth Mortgage Insurance Australia Ltd, 2017). Difficulty in recorded the entire tax amount Genworth Mortgage Insurance Australia Ltdmay find difficult to record its deferred tax amount. It has no current tax payable and no current tax assets in its books of accounts. Stakeholders of Genworth Mortgage Insurance Australia Ltd, 2017may find difficult to bifurcate taxation amount by considering taxation rules and regulation as per AASB-122 and accounting rules and regulation (Genworth Mortgage Insurance Australia Ltd, 2017). New insight about the company account for the income tax The main insight about the company account for the income tax is related to how company formulate its financial statement as per the income tax rules and regulations. Company has zero amount of current tax payable and current tax assets in its books of account. References Bekaert, G. and Hodrick, R., 2017.International financial management. Cambridge University Press. Brigham, E.F. and Ehrhardt, M.C., 2013.Financial management: Theory practice. Cengage Learning. Garrett, J., Hoitash, R. and Prawitt, D.F., 2014. Trust and financial reporting quality.Journal of Accounting Research,52(5), pp.1087-1125. Genworth Mortgage Insurance Australia Ltd, 2017, annual report, Retrieved on 21st January, 2017 from https://investor.genworth.com.au/Investor-Centre/?page=reports-and-presentations Kundakchyan, R.M. and Zulfakarova, L.F., 2014. Current issues of optimal capital structure based on forecasting financial performance of the company.Life Science Journal,11(6s), pp.368-371. Laudon, K.C. and Traver, C.G., 2013.E-commerce. Pearson.

Secondary education free essay sample

The researchers would like to acknowledge the following people who made this esearch a great possibility and success: a. To Almighty God, for blessing us with the necessary knowledge and capabilities to be able to accomplish this research; b. To our parents, who endlessly supported us throughout the endeavors of our research and provided us with all the financial needs; c. To our adviser, Ms. Joan E. Flores, for guiding us throughout the process of making our research; d. To Ms. Carolyn Quibas, for providing us all the necessary information about the preparation of the Guidance and Testing Center for K to 12; e. To Ms. Rizalina R. Benico, for enlightening us about the financial status of the university; f. To Ms. Jennifer D. Tucpi, for providing us information as well as clarifying some points regarding the planned programs of the university to counter the effect of the K to 12 program. DEDICATION This research paper is dedicated to the following: a. We will write a custom essay sample on Secondary education or any similar topic specifically for you Do Not WasteYour Time HIRE WRITER Only 13.90 / page to the teachers of LPU-Manila, who will hopefully gain some useful information about the programs planned by the university to counter the effects of K to 12; b. to the students, who could take some interest about the programs of LPU-Manila; . to our families, for providing us all the necessary love and concern; without them, this research would not have been a success. d. to LPU-Manila, who should be recognized for all of its efforts to give its students the best quality of education e. to the parents, who could benefit in the planning and development programs of the school especially on the graduate program course. In which on that year, there is no expected or there is decreased entrance of freshmen students. The following years will be a domino effect wherein there will be no more freshmen, sophomores, juniors and seniors. In line with the decreased population of college students is also the decrease of tuition fees where the colleges and universities like the Lyceum of the Philippines University-Manila depend on mainly for finance. In LPU-Manila, the freshmen population comprises a huge part of the enrollment or approximately 25% of the total population. The expected financial troubles could also result to the unemployment of some teachers especially for the general education subjects because of the absence of students to teach. There is also an expected change of curriculum for the additional 2 years would mean that the students have already taken up some subjects in the senior high school which would mean they would not already take it in college. The researchers then interviewed some important personnel of the school to gather information of how the school is planning their countermeasures against the K to 12 program. The researchers were able to interview the director of the guidance and testing center, the chief accountant for finance and the school registrar. The researchers were able to gather reliable information to be able to push through their research paper. The researchers conclude that LPU-Manila is indeed preparing for the effects of the K to 12 program and in fact, has started to implement some of the programs. Most of the programs are still on hold for they are still waiting for orders of the Department of Education for permission to teach some subjects in grades 11 and 12 and the curriculum for grades 11 and 12. On the point of view of the government, quality education is needed to make the citizens of the country productive and internationally competitive. With this belief, the government wants to improve the quality of education here in the Philippines by adding two more years to the former 10-years elementary and secondary education. The program is called the K to 12 program spearheaded by the Department of Education. According to deped. gov. ph, the official website of the DepEd, K to 12 means  Kindergarten  and the 12 years of  elementary  and  secondary education. The K to 12 program officially started on April 24, 2012 but according to the Department of Education, K to 12 is not new because the proposal to expand the basic education dates back to 1925. However, it started to get real at the 20th century. The model that is currently being proposed by DepEd is the  K-6-4-2 Model. This model involves Kindergarten, six years of elementary education, four years of junior high school (Grades 7 to 10) and two years of  senior high school  (Grades 11 to 12). The two years of senior high school intend to provide time for students to consolidate acquired academic skills and competencies. Furthermore, in this K 6-4-2 model, it featuresâ€Å"those who go through the 12 years cycle will get an elementary diploma (6 years), a junior high school diploma (4 years), and a senior high school diploma (2 years); a full 12 years of basic education will eventually be required for entry into tertiary level education (entering freshmen by SY 2018-2019 or seven years from now). † Accordingly, an open and consultative process will be adopted in the development and implementation of K to 12. Change is two-fold: (a) curriculum enhancement and (b) transition management. The site further explained the additional two years or the senior high school which is composed of two years of in-depth specialization for students depending on the occupation/career track they wish to pursue; and skills and competencies relevant to the job market. The 2 years of senior HS intend to provide time for students to consolidate acquired academic skills and competencies. The curriculum will allow specializations in Science and Technology, Music and Arts, Agriculture and Fisheries, Sports, Business and Entrepreneurship. According to the site, the need to add two more years is necessarily to adhere to global standards as the Philippines is the only remaining country in Asia with a 10-year educational program. It is also a way to decongest the curriculum; enhance the basic education curriculum and to provide better quality education for all. Besides, â€Å"studies in the Philippines have shown that an additional year of schooling increases earnings by 7. 5%. Studies validate that improvements in the  quality of education  will increase GDP growth by 2% to 2. %. There will also be a minus 2 instead of plus 2 for those families who cannot afford a college education but still wish to have their children find a good paying job. Right now, parents spend for at least 4 years of college to have an employable child. In the model, parents will not pay for 2 years of basic education that will give them an employable child. In effect, we are saving parents 2 years of expenses. The plan is not â€Å"Plus 2 years before graduation† but â€Å"Minus 2 years before work. To inspire a shift in attitude that completion of high school education is more than just preparation for college but can be sufficient for a gainful employment or career. † According to President Benigno S. Aquino, â€Å"We need to add two years to our basic education. Those who can afford pay up to fourteen years of schooling before university. Thus, their children are getting into the best universities and the best jobs after graduation. I want at least 12 years for our public school children to give them an even chance at succeeding. According to Francisco III and Cagalingan (2012) â€Å"upon finishing the said program, students can now choose whether they want to work immediately or pursue further studies in college. Because they are well-armed with the required competencies needed for work, they can be considered mature enough to face the demands of work compared to younger graduates. † However, not all are in favor of the K+12 Education. There are students compla ining of the additional years and there are parents who are not in favor of the additional expenses. But indeed, it is an undeniable fact that additional years in the education system will really require more budgets not just from the government but from the parents as well. Aside from this, students will need additional classrooms, school supplies and facilities. The program would need more qualified teachers as well (Maureen, 2012). According to Hall (2012), â€Å"like everything else in the Philippines, planning is not taken seriously. There is no transparency of information about what is going on to aid planning. It is amazing to me that this K-12 will start in June, yet no law has been passed (our politicians are too busy with the impeachment trial of the Supreme Court chief justice) nor is the department of education ready to divine how this feat could be carried out. There is that sense of pakiramdam (feeling through), with the expectation that no policy is set even if backed by the current president because after all, he will be gone from office in four years. And so, the system will muddle through. This is obviously not a good time for any college administrator. † While many have touted on its impact to the basic education curriculum, to the economy, and to our bid in synchronizing our educational system to world standards, rare is the discussion on its impact to tertiary education (Rodrigo, 2011). Private colleges and universities which are sustained almost purely by tuition fees will be in peril unless they make similar adjustments when the pool of incoming college students dries up in four years. Or they could seek government subsidies to accommodate public school students in grades 11 and 12 while the DepEd builds new classrooms (Fernandez amp; Rosero, 2012). Private  colleges and universities  will be financially challenged to maintain their operation and compensate their teaching staff with the expected decrease of enrollees starting 2017. Administrators of  private schools  offering tertiary education, including those under the Catholic Educational Association of the Philippines (CEAP), said they are bracing for the expected drop in freshman admissions as a result of the implementation of Kindergarten to 12 (K to 12) basic education program this  school year (YouthPinoy, 2012). Apparently, private higher education institutions are oblivious of what to do, because the Commission on Higher Education has not laid its plans yet or provided the HEIs an outline of the college education curriculum (Rodrigo, 2011). 1. 2 Statement of the Purpose of the Study The general purpose of the study is to determine the planning and development strategies of LPU-Manila to counter the effects of the K to 12 program. This study has the following purposes: A. to identify the planning and development programs of LPU-Manila to the effects of the K to 12 program B. o know the awareness of the university of the effects of the K to 12 program; C. to know how prepared the university is in the possible changes; and D. to have knowledge about the countermeasures the university is planning to implement. 1. 3 Significance of the Study Lyceum of the Philippines University administration. This research may provide the administration information about the effects of the K to 12 education pro gram of the DepEd to the university. The researchers may give them a forewarning of the upcoming effects of K to 12 that they may make preparations as early as possible to counter these effects. In addition, the university will be able to adapt quickly to the changes and will not be surprised with the sudden changes. Parents. This research will give parents information about the changes in the university management and curriculum so they will also be prepared. The need for them to be informed is also crucial so they could support the administration and the students in implementing the countermeasures promulgated by the school. Students. They could easily adapt to the changes brought about by the effects of K to 12 education program. They also need to be informed about the effects of K to 12 education program so they, in turn, could adjust to the specific changes in the university. Their cooperation is also needed to make the countermeasures planned be a success. Teachers. They may be cognizant of the effects of K to 12 to the university and will get ready for the possible changes in the demand for teachers in specific subjects. 1. 4 Scope and Limitation The study focused on the countermeasures of the Lyceum of the Philippines University-Manila in preparation for the effects of the K to 12 program. This study aims to find out the planning and development of programs of the school to undertake the effects of the K to 12. The researchers will conduct interviews with the members of the Lyceum of the Philippines administration to get their thoughts and ideas of the programs to counter the effects of the K to 12 education and how prepared they are. The researchers will also rely on other research made to other universities because the effects in that university could also happen to the Lyceum of the Philippines University. The researchers conducted the study on the first semester, academic year 2011-2012. They hoped to give effectual information to the university to help them prepare for the changes brought by K to 12 to the university by 2016. 1. 5 Definition of Terms K-12 program. Kindergarten and the 12 years of elementary and secondary education. Kindergarten points to the 5-year old child who undertakes the standardized curriculum for preschoolers. Elementary education refers to 6 years of primary school (Grades 1-6) while secondary education means four years of junior high school (Grades 7-10 or HS Year 1-4). In addition to this, two years are now allotted for senior high school (Grades 11-12 or HS Year 5-6) (K to 12 Deped Primer (2011). Diploma. is a document certifying the successful completion of a course of study Collins (2009). Enhancement. is a process of augmentation or improvement Campbell and Rozsnyai (2002). Kindergarten. is a school for young children, conducted on the theory that education should be begun by gratifying and cultivating the normal aptitude for exercise, play, observation, imitation, and construction Collins and Harper (2001). Primary education. s most often referred to as elementary school, which is usually composed of grades one through six. The main purpose of primary education is to give children a strong foundation in the basics of a general curriculum, with an emphasis on reading and math http://www. ehow. com/about_5076822_definition-primary-education. html (2010). Secondary education. also known as high school, is the stage of education following primary (or elementary) education, and is the last part of formal compulsory education

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