Sunday, May 24, 2020
Emmet Till Essay - 889 Words
Emmett Till was a young boy who lived in Chicago and was not used to all the racial issues in the South because he did not have to face them until he went to a small town in Mississippi to visit his relatives. He soon realized just how different the South really was. Emmett and a few friends went to a white-owned store, and on the way out he was dared by his friends to whistle at the white lady running the store. Later that day, he was taken from his uncles home by the ladys husband and was shot, beaten, and with a heavy weight tied to his neck, thrown in the Tallahatchie River (Emmett Till and the Impact of the Images, 2004). A few days later Tills body was found in the river. Several hours later, Mamie Till was notified of her sonsâ⬠¦show more contentâ⬠¦I was also under the impression that there is a law that says a case must be settled or brought to court within so many years or it is not admissible. Justice to long delayed is justice denied (The Letter from Berham Jail, 1 963). The murder of Emmet Till was a tragedy that effected many people. I do feel that those who had anything to do with the murder should be punished but at this point there has been too much time that has gone by. I try to lookShow MoreRelatedHate Crimes Essay936 Words à |à 4 PagesEssay #2: What are the roots of the violence/hate crimes today in our contemporary society? What can we do to reduce them? Explain. The world is full of HATE. What is this word? What makes someone HATE someone else enough to kill or harm another human being? Hate crimes are criminal actions intended to harm or intimidate people because of their race, ethnicity, sexual orientation, religion, or other minority group status. They are also referred to as bias crimes. Hate crimes have been goingRead MoreComing Of Age Throughout Mississippi By Anne Moody1362 Words à |à 6 Pages Coming of Age in Mississippi Essay Fredric Stanley HIST 3881 Professor James Conway 7 November 2015 ââ¬Æ' Though we Americans, in all of our efforts, feel as if the day of racism is coming to an end, I feel it is merely evolving into a much more subtle approach. Seeing life through the words of Anne Moody in her book entitled, Coming of Age in Mississippi, shows that racism, even back then, is treated with remedies versus a cure. After the many anti-discrimination legislations passed as well asRead MoreMartin Luther King Jr. : The Start Of The Civil Rights Movement1008 Words à |à 5 PagesEssay The Civil Rights movement was a push to expand the rights of African Americans in the United States. It is widely known that Martin Luther King Jr. was the figurehead of this movement he got his start in the Montgomery bus boycotts as he organized and spoke on behalf of the African American community in Montgomery and worked closely with Rosa Parks and other civil rights activists. Although this is where the movementââ¬â¢s most prominent leader got his start, it should not be consideredRead MoreThe Cold War During World War II1760 Words à |à 8 PagesEssay One During World War II the United States and the Soviet Union were allies, but by 1950, their relationship had disintegrated and the two nations were engaged in a ââ¬Å"Cold War.â⬠The ââ¬Å"Cold Warâ⬠occurred due to efforts by both nations after the war to maintain influence in regions like Eastern Europe for the Soviets and Turkey and Greece for the United States, but the ââ¬Å"Cold Warâ⬠wasnââ¬â¢t limited to these disputes. The ââ¬Å"Cold Warâ⬠was influenced by many factors on the United States side including theRead MoreRacism Is A Very Affective Problem3039 Words à |à 13 Pagesthis essay today, you will learn about many things that happened back in the day that leads up to regular time. Racism is a human rights issue simply because everyone has the right to be treated with respect and racism the lack of respect from others. This is an issue not only in the United States, but in many other countries also. There re countries where they have racism law s, there are many people in these countries that ignore these laws. Racism has a large history in this world and till thisRead MoreAnalysis Of Mill On The Floss By George Eliot2199 Words à |à 9 PagesDomesticity: Alienation from the Family in Dickens, Eliot, and Jame) Critics compare Maggie to Tertuis Lydgate who is finding a cord between Latin and English. Maggieââ¬â¢s attraction towards Latin shows her curiosity towards love and mystery. In her essay Habits in George Eliot Mill on the Floss. Kristie Allen explains that Maggie uses animal-human analogy by comparing herself to a bear in a circus show. This highlights that her regular monotonous routine will dull her from social life and enjoying
Wednesday, May 13, 2020
Graduate Study Challenges and Strategies for Personal...
Running head: GRADUATE STUDY: CHALLENGES AND STRATEGIES FOR PERSONAL SUCCESS Graduate Study: Challenges and Strategies for Personal Success fjazon HCS/504 October 24, 2011 Elwanda Whitaker Introduction Why go out of my comfort zone and take up graduate school, knowing the hardship and sacrifices that goes with it? This paper will attempt to answer this question by laying out the reasons and benefits of pursuing graduate studies. It will explore my goals, the challenges and the strategies that I will implore to attain these goals. It will also touch some of the strengths, weaknesses, and the methods of improving my personal communications. Graduate Study: Challenges and Strategies for Personal Successâ⬠¦show more contentâ⬠¦o During lunchtime at work, I will use my iPhone to access the main forum of my class to post comments/discussions that would count toward my participation. o At my childrenââ¬â¢s swimming and string instrument practices, I will use this opportunity to work on my team projects and to communicate with them. o At night time, around 9:30 p.m. till 11:30 p.m. when everybody are asleep, I will use this as my course material reading time. Challenges This career endeavor is not going to be a walk in the park. It will entail hardships and lots of sacrifices. The demands that I would foresee are: 1) no time to study. I work 40-hour a week sometimes more because we are also required to take calls after work. 2) Family commitments are compromised. My children go to swimming practices every afternoon, and they also goes to their string instrument practice every Saturday. 3) Financial difficulties. This endeavor is definitely will cost money. Strategies to meet challenges According to Kramer (2007), there are three solutions for success in meeting the challenges for graduate studies. 1) Choose the right school. Choosing University of Phoenix, especially with their online learning system will definitely help me. 2) Time management. Having a yearly and monthly calendar with plotted due dates of important academic events, having a ââ¬Å"to-doâ⬠list and using my iPhone application to remind me of upcoming due dates. 3) Stress management. IShow MoreRelatedGraduate Study Challenges and Strategies for Personal Success1589 Words à |à 7 Pagesthings are the tools to excel and guarantee success in both professional and personal arenas. Pursuing a graduate study and improving communication skills are a few of many ways I chose to guarantee my personal and professional success. It wasnââ¬â¢t easy taking the decision to pursue a graduate study, and like all major decisions in oneââ¬â¢s life, it comes with challenges, which were of an emotional, fin ancial, and organizational nature in my case. To facilitate success, setting goals is most commonly seen asRead MoreGraduate Study Challenges and Strategies and Strategies for Personal Success1009 Words à |à 5 Pagesï » ¿ Graduate Study Challenges and Strategies for Personal Success University of Phoenix Introduction to Graduate Studies in Health Science / Nursing HCS/504 03/3/2014 Instructor: Michelle Dorin By Gwendoria Buckles Graduate Study Challenges and Strategies for Personal Success Keeping your eyes on your personal goals and professional goals is key to staying focused and obtaining them in a timely fashion. Knowing your personal goals and balancing yourRead MoreMy Challenges and Strategies for Personal Success764 Words à |à 4 PagesMy Challenges and Strategies for Personal Success Lydia Veluz Reyes HCS/504 Version 6 February 15, 2012 Mary Eacott My Challenges and Strategies for Personal Success in Graduate School Introduction Graduate study is indeed a huge challenge for me. I have been out of academic school for 38 years. I could imagine how other students are experiencing. Seeking further education, requires well planned directions and commitment. I believe these challenges will need strategies for my personal successRead MoreChallenges And Strategies For Personal Success1243 Words à |à 5 Pages Challenges and strategies for personal success Name Course Tutor Date Outline 1. Introduction 2. Personal and professional goals 3. Reasons for pursuing graduate studies 4. Challenges 5. Strategies to overcome the challenges 6. Milestones 7. Analysis of strengths and weaknesses 8. Improving communication 9. Conclusion 10. References Introduction Graduate school enhances the opportunity for an individual to achieve his or her personal and professional goalsRead MoreGraduate Studies Challenges and Strategies for Success Essay975 Words à |à 4 PagesGraduate Study Challenges and Strategies for Success James HCS 504 August 2, 2010 Anne Graduate Study Challenges and Strategies for Success Making the decision to go back to school after many years within the workforce was a difficult decision. Before making that decision, I had to research the challenges that graduate students face during their studies. In my research, I have found that three of the most challenging obstacles that will affect my studies during my desire to achieve a higherRead MoreGraduate School: Overcoming Barriers to Success1274 Words à |à 6 PagesGraduate School: Overcoming Barriers to Success Graduate School: Overcoming Barriers to Success The decision to attend graduate school can be one of immense commitment and responsibility. Success requires rigorous planning and well-defined goals, both short-term and long-term. Exceptional communication skills are also necessary to interact effectively with fellow classmates and faculty. Although completion of a Masterââ¬â¢s program opens doors to many professional career opportunities, it does notRead MoreGraduate School: Overcoming Barriers to Success1284 Words à |à 6 PagesGraduate School: Overcoming Barriers to Success Kasey Kiesler HCS/504 September 24, 2012 Professor Brenda Harton Graduate School: Overcoming Barriers to Success The decision to attend graduate school can be one of immense commitment and responsibility. Success requires rigorous planning and well-defined goals, both short-term and long-term. Exceptional communication skills are also necessary to interact effectively with fellow classmatesRead MoreEssay about Personal Plan to Succeed1229 Words à |à 5 PagesMy Personal Plan to Succeed Ross E. Kensey HCS504 February 27, 2012 Dr. Linda Amankwaa My Personal Plan to Succeed Going back to school is never an easy endeavor. Balancing the requirements of work and family alone can be a daunting task. When school is added into the mix, this can easily become a stressful time in life. In this paper I will examine my personal and professional goals, reasons for pursuing my graduate degree, and strategies thatRead MoreGraduate Study Challenge Paper1128 Words à |à 5 PagesGraduate Study Challenges and Strategies for Success Twenty one years ago I started my nursing profession, which I do not regret any minute of it. Today I found myself back to college embarking a new journey pursuing MSN degree with much excitement and many challenges. In order to be successful in graduate study, I have to come up with strategies to overcome the anticipated challenges. The three main obstacles I face that would affect my study are writing, time management, and stress. Reason Read MorePersonal Plan to Succeed1077 Words à |à 5 PagesPersonal Plan to Succeed Katrina Lino HSC/504 November 5, 2012 John Dean Personal Plan to Succeed As age increases, so do the number of responsibilities assumed in our lives. We have careers, family that needs taking care of, and homes that need maintenance. These responsibilities can be obstacles when returning to school and obtaining a higher degree such as a Masterââ¬â¢s of Science. Although there are challenges, the drive for higher learning never subsides in some people. In this paper,
Wednesday, May 6, 2020
Urbanization Free Essays
Nowadays, with the fast development of economy of the world, many cities become bigger and bigger and many modern cities are appearing. Thus, we face the complex problem: Urbanization. Urbanization has been a subject of heated discussion for a long time. We will write a custom essay sample on Urbanization or any similar topic only for you Order Now Some people are in favor, while others are opposed. In my opinion, urbanization benefits human beings rather than do harm to them. Two reasons may account for my conclusion. Firstly, urbanization enriches our life. We can imagine what will happen without convenient traffic system, without big department stores, without KTVs and many other entertainments? To some extent, it is impossible for human beings to live in this world. Urbanization make it possible for us to enjoy our life more than before, Also,urbanization quicken the pace of science, especially in the communication field, in the early time, if we want to connect with our family members or friends, the only way we can choose is writing letters. But urbanization changed this situation, we can talk with the friends in the foreign countries with our any difficulties through the Internet, we gain whatever information we need on the internet. These conveniences are brought by the urbanization. Secondly, urbanization also raise our country economy. As we all know, the policy of Reform and Opening give our country a golden opportunity to develop our economy, we have a direct feeling about the dramatic increasing of our living standard, many productions that we cannot afford in the past time can be owned in today. This phenomenon proves that urbanization benefits our life basically. With the fast step of urbanization, many job opportunities are supplied in the occupation market which make many rural migrant workers get a solid work in the urban area. They also contribute to the economic development in the urban area. These prosperities are definitely brought by the urbanization. I live in Shanghai, and it is a typical big city in China. I found that we also have many negative sides of urbanization. For instance, we can talk to the friends thousands miles away, but we donââ¬â¢t know our neighbours in the high-rises; many migrant workers do not enjoy the same profits and rights as the permanent unban residents and this will make their living without and insurance system. But we donââ¬â¢t need to be so pessimistic of the situation at hand. It is evident that the advantages of urbanization outweigh the disadvantages. What we should do is to remain the positive side , meanwhile to conquer the negative side. Our government will also introduce many effective policies to narrow this contradictory. So we have enough reasons to believe the situation will become better and better so that we can reach our aim â⬠better city, better life â⬠! How to cite Urbanization, Papers Urbanization Free Essays Answer arbitration will cause greenery to be lost. Arbitration involves the process of buildings new buildings and infrastructure, and trees and grasslands will have too be chopped down and removed to make space for the new buildings. In this case, the natural environment is lost. We will write a custom essay sample on Urbanization or any similar topic only for you Order Now Sometimes, construction will cause sand and dirt to circulate in the air, creating air pollution, while pollutants from construction sites may enter water bodies and cause water pollution. Even though some cities may try o restore its former greenery, it can never be compared to the previous natural landscape. Animal Shortage of Electric Power A very serious problem facing the entire country is the acute shortage of electric power both in urban and rural areas. This can be solved only by generating much more electricity than at present. However, this solution has met with almost a wall- like obstruction. Conventional methods of generation like coal based thermal power, nuclear power and hydro electric power are being opposed by people for reasons of environmental pollution, displacement of people submergence of land and forests etc. There are some gas based power stations which are less polluting but due to lack of sufficient quantity of natural gas they are working at less than half their load capacity. Non-conventional sources of power like solar power and wind power are not that economically viable or affordable by the consumers. The power generation Is also intermittent requiring large storage capacity for energy. One does not know what new problems will arise In storing energy on such large scale. Fee will also be greatly affected due to habitat loss. How to cite Urbanization, Papers Urbanization Free Essays The Effects of Urbanization on Downtown Louisville David Taylor Environmental Science Brown Mackie College Mark Dutrow September 20, 2012 Abstract As our cities become larger, more congested, and more urbanized we are beginning to start seeing some of the long term effects we are making on our urban environment. As we are becoming more aware of our pollution and measures to improve it, we can look back on systems of the past and see where they are negatively affecting our environment. Acid rain is the most noticeable since you can see the visible deterioration, unnatural discoloration, and erosion caused by the acid rain. We will write a custom essay sample on Urbanization or any similar topic only for you Order Now Another noticeable problem is the signs of chemicals that have been used to preserve monuments and lubricate other structures. If we donââ¬â¢t do something to correct the mistakes our ancestors made in the development and urbanization of Louisville and the surrounding areas, the next generation will have to spend millions if not billions of dollars to correct these errors. Why is Louisville here? Jefferson County was organized in 1780 and one of the first three counties formed out of the original Kentucky County, which was still part of Virginia at the time (the other two being Fayette and Lincoln). The county is named for Thomas Jefferson, who was governor of Virginia at the time. Downtown Louisville is the oldest part of the city of Louisville, whose initial development was closely tied to the Ohio River. The largest early fort, Fort Nelson, was built in 1781 near what is today the corner of 7th and Main streets. Many early residents lived nearby after moving out of the forts by the mid-1780s, although little remains from of the earliest (mostly wood) structures. Louisville became a popular stopping point for travelers on the Ohio River. Because of the falls of the Ohio and the rapids, boats had to stop, unload their cargo, traverse the rapids and then reload to continue their journey. With Louisville being located so close to the falls it grew into a bustling town catering to the travelers by opening several hotels and saloons. (www. hellolouisville. com/, n. d. ) How has development affected the environment in Louisville? People who live in urban areas have very different consumption patterns than residents in rural areas. 10 For example; urban populations consume much more food, energy, and durable goods than rural populations. With economic development, the difference in consumption declined as the rural populations ate better diets. Urban populations not only consume more food, but they also consume more durable goods. Energy consumption for electricity, transportation, cooking, and heating is much higher in urban areas than in rural areas. For example, urban populations have many more cars than rural populations per capita. Almost all of the cars in the world in the 1930s were in the United States. Today we have a car for every two people in the United States. If that became the norm, in 2050 there would be 5. billion cars in the world, all using energy. (http://www. prb. org/, n. d. ) In the downtown Louisville area, all of the rain runoff includes all of the fluids that have leaked out of the vehicles as well as the chemicals that are washed off of all the buildings. This contamination has caused pH of the Ohio to change which in turn limits the number of species of fish that can survive in the now con taminated water. The manmade structures we have put in the Ohio River are also contributing to this pH change. Steel piers and concrete pillars being the majority of these structures. How has pollution deteriorated downtown structures? One of the biggest negative affects is the deterioration of the buildings caused by acid rain. Another observation during the fieldtrip was the visible damage caused by chemicals used in joints of buildings as well as leaking from statues that were sealed so they wonââ¬â¢t erode. Air pollution damages materials, especially those used in buildings because of their long service life, sometimes of the order of hundreds of years. Damage to other objects tends to be less important: most cars, for instance, are replaced long before damage from air pollution has become significant. The phenomena of the degradation of buildings are complex due to the numerous factors that intervene. However it is generally recognized that man-made pollutants have greatly increased the degradation rate of buildings. Of particular importance is soiling caused by particles (especially soot) and corrosion or erosion caused by SO2. (arirabl. org, n. d. ) What would downtown look like if Louisville had not been developed? The area would look totally different. The landscape would be serene with rolling hills, thousands of trees, natural flow of the river, and natural flow of creeks feeding into the Ohio River. The power plant as well as the lock and dam wouldnââ¬â¢t be obstructing the Ohio. The wooded area would be teeming with wildlife and the river would be stocked with several species of fish that donââ¬â¢t occupy it today. Which natural disasters is the downtown area prepared for? Downtown Louisville is prepared for a couple of natural disasters. Some natural disasters are not common to the area such as, hurricaneââ¬â¢s, mudslides, volcanoââ¬â¢s, and tsunamiââ¬â¢s. However, floods, tornadoââ¬â¢s, and earthquakeââ¬â¢s are common to the Louisville area. The downtown area has prepared for flooding by elevating most all of the buildings to a height above the 1937 flood depth. There is also a flood wall that has been put into place to keep water from destroying majority of the city. The buildings in the downtown area have also been designed or retro fitted to withstand the wind velocity associated with tornados. However, the downtown area is not prepared for a strong earthquake. Even though Louisville is on the New Madrid Fault the cost associated with making all structures reinforced enough to withstand a strong earthquake is too great. References Urbanization: An Environmental Force to Be Reckoned With ââ¬â Population Reference Bureau. (n. d. ). Home ââ¬â Population Reference Bureau. Retrieved September 19, 2012, from http://www. prb. org/Articles/2004/UrbanizationAnEnvironmentalForcetoBeReckonedWith. aspx Buildings-PollAtmos. pdf. (n. d. ). arirabl. org/. Retrieved September 20, 2012, from arirabl. org/Publications_files/Buildings-PollAtmos. pdf Louisville History ââ¬â HelloLouisville. com. (n. d. ). Louisville, Kentucky ââ¬â Louisville City Guide. Retrieved September 19, 2012, from http://www. hellolouisville. com/history. cfm 1 1 2 2 3 3 1 ââ¬â Original Downtown 2 ââ¬â River 3 ââ¬â Falls of the Ohio Falls of the Ohio ââ¬â 1824 Downtown Louisville ââ¬â 1830ââ¬â¢s How to cite Urbanization, Essay examples
Monday, May 4, 2020
Effect of Management Accounting Practices on Financial Performance
Question: Discuss about the Effect of Management Accounting Practices on Financial Performance of Manufacturing Firm. Answer: Introduction The current segment explains effects of management accounting practices on essentially the financial performance of the manufacturing firm Adelaide Brighton. The current section explains the background literature, different theories of management accounting, significant management accounting practices, and important components of financial performance of firms. In particular, the review of academic literature presents details of financial performance of firm, practices in Management Accounting and financial performance of firm with special orientation to the operations of Adelaide Brighton. Background Literature As rightly indicated by Kaplan and Atkinson (2015), management accounting can be considered as a process of accumulation of enumeration, recognition, evaluation, preparation, analysis and communication of significant information that again aids management in meeting the objectives of the organization and business decision making. Management accounting essentially delivers opportunity for corporations to partake in the market in a bid to offer superior quality products as well as services at affordable prices to all consumers. Important theories of management accounting The current segment essentially presents two different theories of management accounting. Particularly, this include the contingency theory of essentially management accounting whilst the other theory is that is the new institutional sociology theory. As rightly indicated by Simons (2013), the contingency theory of management accounting discusses the reason behind unalike or else dissimilar management accounting practices specifically at the time of carrying out comparison between one business firm to the other. However, this can be associated to the business firms functioning in diverse industries or else sectors. Fullerton et al. (2014) implemented contingency theory to diverse management accounting practices and illustrated that there does not exist any generic standard management accounting practice that can be implemented to all the business concerns. Essentially, each and every business concern might have their own management accounting exercise. Lavia Lpez and Hiebl (2014) asserts that management accounting practices are widely utilized in diverse manufacturing firms and the favoured practices include budgeting for controlling costs along with analysis of performance of organization. Analysis of findings divulges the fact t hat budgeting plays a very significant role in the process of handling as well as directing procedures of business concerns. This in turn helps the managers to understand the costs that are expected in the upcoming budgeted period and provides an indication regarding seasonal alterations in the corporation and the impact it can exert on the cash flows as well as revenues of the corporation. This is why management accounting practices are preferred over other exercises. In addition to this, budgeting also helps corporations to effectually plan and at the same time formulate appropriate strategies for achievement of goals (Fullerton et al. 2013). As rightly put forward by Soin and Collier (2013), the theory of New Institutional Sociology (NIS) was essentially developed after a series of different observations made particularly during the year 1970. The main argument of NIS is that there are certain corporations that operate in an institutionalised environment. In particular, the institutionalized business concerns have a tendency to adopt framework as well as that are essentially valued in social as well as cultural environment of the business concern. This might help the organizations in the process of achievement of legitimacy and assist in securing diverse resources that are vital for the survival of the firms. Lafond et al. (2016) argue that business concerns are very strategic in their reaction to different institutional pressures that are imposed on these firms. The firms might decisively adhere to directives or else assume explicit formal framework as well as procedures, and carry out the same in a very manipulative ma nner in a bid to acquire legitimacy and in that way secure different resources on which the firms rest on. Management Accounting Practices Management accounting practices also assists a corporation to thrive in the competitive, ever-transforming world as this delivers a significant competitive advantage for a corporation that guides managerial activities, motivates human behaviours, upholds as well as creates cultural values essential for achievement of strategic objectives of an organization. Management accounting is essentially apprehensive regarding internal requirements of management. The process orients around analysis of performance as well as formulation of estimation of upcoming period set against conventional financial accounting. This can stresses the need for historical data associated to legal financial matters such as ownership, investment, acquirement of credit, process of taxation, directives as well as building of foundations for consistent as well as traditional external reportage. As rightly indicated by Carlsson-Wall et al. (2015), flexibility can be regarded as an important feature of management acco unting as it presupposes that cautious attention has been provided to determine the significant requirements of management, many among them cannot be accurately recognized beforehand. Alsharari et al. (2015) assets that management accounting can be defined as a procedure of recognition, enumeration, accumulation, interpretation, preparation as well as communication of particular financial information utilized by management to plan, assess and maintain control within a particular corporation. This can also help in the process of ensuring appropriate use of and accountability for resources. Essentially, management accounting essentially consists of preparation of financial declarations for non-management classes such as shareholders of the firm, creditors, regulatory organisations as well as tax establishments. Also, management accounting also delivers information from essentially the environment to management to boost the process of business decision making. In itself, proper management accounting information has essentially three different attributes, namely, technical, behavioural and cultural. Arena et al. (2015) opines that technical attributes helps in the process of enhancement of understanding of the overall phenomenon enumerated and delivers pertinent information concerning strategic decisions. However, behavioural attributes encourages different actions that are consistent with the strategic objectives of the organization. In addition to this, the cultural attributes indicates towards the support and generates a particular set of shared cultural values, belief s along with mind-sets in a particular corporation and community. However, the development of management accounting is essentially responsive to varied demands of necessarily the management as well as environment. Gold et al. (2016) opines that management accounting can acclimatize to different organizational transformations and three main forces that can cause corporations to evolve, namely, technological alterations, globalization and needs of the customers. Again, in a bid to remain competitive in the market, business have the need to continuously improve. Owing to this, management needs to use different established management accounting tools as well as techniques. Elements of financial performance in particularly manufacturing organization Adelaide Brighton Examination of different determinants of particularly financial performance is important for the stakeholders of the firm Adelaide Brighton, but particularly for investors of the corporation. Adelaide Brighton also simply referred to as ABC is essentially an Australian manufacturing firm that produces cement, lime as well as different dry blended products. The corporation ABC essentially operates through different manufacturing as well as distribution facilities across different parts of South Australia, Victoria and New South Wales among many others (Adbri.com.au 2017). In itself, the overall value of specific shareholders, that is referred to as market value of the Adelaide Brighton is highly dependent on numerous facets. Essentially, the factors include present profitability of the Adelaide Brighton, diverse risks faced, and growth of the economy that is vital for earnings of the corporation. These can be considered as the major factors that can exert influence on the overall mark et value of manufacturing organization Adelaide Brighton. However, Simons (2013) argue that different financial indicators grounded on specific accounting information can be considered to be adequate for determination of overall value of the shareholders of the firm Adelaide Brighton. Particularly, financial performance of manufacturing corporations are essentially influenced by the specific market position of the corporation. In itself, profitability of the corporation Adelaide Brighton can essentially be decomposed in to different components such as net turnover along with net profit margin. As per Arena et al. (2015), both the components can exert influence on the overall profitability of the firm at one point of time (Adbri.com.au 2017). As correctly put forward by Arena et al. (2015), risk as well as growth can be considered to be two very significant factors that might influence the overall financial performance of manufacturing firm. As the market value of the firms are essentially conditioned by the financial results of Adelaide Brighton, the degree as well as the level of risk exposure can lead to alterations in the overall market value. In addition to this, the economic growth can be regarded as another important element that can assist in the process of attainment of better position in different financial markets as market value takes into account anticipated profits in the upcoming period. Again, the size of the firm can also have a very positive impact on the overall financial performance as larger corporations can utilize this specific advantage to acquire certain financial gains in specific business relations. Essentially, large sized firms have get easier admittance to vital factors of production, countin g human resources of the firm. Nevertheless, current studies contradict the current idea and put forward the argument that capital structure essentially plays a significant role in the process of determination of performance of a firm. In itself, the business entities that have higher rates of profits tend to remain low leveraged owing to their capability to fund their own sources. Contrarily, higher degree of leverage again enhanced the risk of liquidation or else bankruptcy of different firms. However, the total assets of a firm can positively exert influence on the overall financial performance of the corporation. In this case, large amount of sales is also not correlated with enhanced performance. Prior studies also indicates towards the fact that the association between turnover and the overall corporate performance can be considered to be inconclusive (Arena et al. 2015). For instance, companies listed under stock exchanges can be considered to have stable financial positive i f they are able to distribute higher dividends. However, there hs been a remarkable shift owing to innovations in different management accounting practices. However, this is apparent from the adoption of different innovative management accounting mechanisms such as use of activity based costing, adoption of strategic management accounting, lifecycle costing system, implementation of just in time (JIT) along with other contemporary performance evaluations mechanisms such as balance score card. Financial performance of the firm Adelaide Brighton Financial performance can be referred to as a subjective measure that shows the manner a particular corporation can utilize assets from the primary approach of business and generate revenues. Essentially, the concept of performance enumeration concept refers towards the fact that workforce can augment the overall firms value by augmenting the overall size of a corporations cash flows in the upcoming period, by quickening the cash flow receipts, or else by ensuring more certainty or else less chancy. Financial performance of a firm is essentially determined by different indicators such as profit or else value additions, revenues from sales, budget, and costs or else expends along with indicators of stock market. Proxies for particularly financial performance include different measures of performance, key financial ratio such as Return on Assets (ROA) as well as Return on Equity (ROE) (Tanc and Gokoglan 2015). Analysis of financial statements of the company Adelaide Brighton for the years (2016, 2015 and 2014) of the firm Adelaide Brighton reveals the fact that return on assets (ROA in %) was recorded to be 10.17 in 2016, 11.39 in 2015, and 10.02 in 2014. Again, the return on equity enumerated based on the financial declarations of the firm is recorded to be 15.38% in 2016, 17.78% in 2015 and 15.75% in 2014. The two different financial ratio enumerated that is ROA and ROE can be considered to be good measure of profitability of the firm Adelaide Brighton. There are other key financial ration that can help in understanding the solvency, as well as liquidity condition of the firm. Appropriate management accounting practices can therefor help in understanding the precise financial condition of the firm by proper assessment of financial pronouncements of the firm. Therefore, these practices can help in understanding the gaps in performance and assume steps that can help in overcoming the perfo rmance gaps in order to achieve the organizational objectives of the firm Adelaide Brighton Practices in Management Accounting and financial performance of firm As rightly put forward by Chiwamit et al. (2014), different practices of management accounting essentially for manufacturing businesses can support infrastructure of a corporation and different management accounting procedures. Particularly, management accounting exercises comprise of analysis of performance, appropriate budgeting, sharing of information for business decision making, analysis of business strategy and many others. Brandau et al. (2013) argue that owing to development of novel mechanisms, fundamental principles of management accounting has altered to form a better one that in turn can add value to different practices. Brandau et al. (2013) opines that academic literature also points out towards certain exercises namely, absorption costing as well as marginal costing that are highly preferred by different firms. Management accounting practices essentially help in enabling management to acquire pertinent information for significant decision making. Gold et al. (2016) adv ocates that the perceived importance of particularly cost accounting can be properly driven by lessening profitability, escalating cost along with competition, together with world economic crisis. It can be noted in this connection that there are firm that perceive traditional management accounting instruments over the new management accounting exercises that include strategic planning as well as transfer pricing. Gold et al. (2016) asserts that the most significant management accounting practices include budgeting, cost-volume-profit (CVP) analysis, planning as well as control. According to Chiwamit et al. (2014),, there are certain facets that influences alteration in the management accounting practices within specific business organizations. The alterations might have an influence on the process of selection of accurate management accounting exercises within a specific corporation. However, the changes might possibly originate owing to diverse settings of essentially economic as well as cultural settings of the environment. According to Chiwamit et al. (2014), management accounting practices have not transformed over the last few years. Nevertheless, Chiwamit et al. (2014), convinced that changes has occurred. Simons (2013) additionally argued that there is indication for different management accounting practices that have altered over the past few decades. Literature Summary The above mentioned section helps in gaining a deep understanding regarding two significant theories of management accounting such as new institutional sociology theory and contingency theory. Thereafter, the study elucidates in detail the overall of management accounting practices that guides managerial activities, motivates human behaviours, upholds as well as creates cultural values essential for achievement of strategic objectives of an organization. Subsequently, the review of prior academic literature also includes elucidation of important components of financial performance in particularly manufacturing organization that is Adelaide Brighton. This section essentially engages in examination of different determinants of particularly financial performance is important for the stakeholders of the firm Adelaide Brighton. Subsequently, then above mentioned study also helps in understanding the Financial performance of the firm Adelaide Brighton and thereafter discusses different pra ctices in Management Accounting and financial performance with special orientation to operations of Adelaide Brighton. References Adbri.com.au, 2017. [online] Available at: https://adbri.com.au/-/adbri/lib/pdfs/FINAL%202015%20Annual%20Report%20-%20Financial%20History.pdf [Accessed 21 Apr. 2017]. Alsharari, N.M., Dixon, R. and Youssef, M.A.E.A., 2015. Management accounting change: critical review and a new contextual framework.Journal of Accounting Organizational Change,11(4), pp.476-502. Arena, M., Azzone, G. and Bengo, I., 2015. 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Fullerton, R.R., Kennedy, F.A. and Widener, S.K., 2014. Lean manufacturing and firm performance: The incremental contribution of lean management accounting practices.Journal of Operations Management,32(7), pp.414-428. Gold, S., Moon, J. and Chapple, W., 2016. Transfer of Social and Environmental Accounting and Reporting Knowledge. InResearch in Global Strategic Management. Emerald Group Publishing Limited. Kaplan, R.S. and Atkinson, A.A., 2015.Advanced management accounting. PHI Learning. Lafond, C.A., McAleer, A.C. and Wentzel, K., 2016. Enhancing the Link between Technology and Accounting in Introductory Courses: Evidence From Students.Journal of the Academy of Business Education,17. Lavia Lpez, O. and Hiebl, M.R., 2014. Management accounting in small and medium-sized enterprises: current knowledge and avenues for further research.Journal of Management Accounting Research,27(1), pp.81-119. Simons, R., 2013.Performance Measurement and Control Systems for Implementing Strategy Text and Cases: Pearson New International Edition. Pearson Higher Ed. Soin, K. and Collier, P., 2013. Risk and risk management in management accounting and control. Tanc, A. and Gokoglan, K., 2015. The Impact of Environmental Accounting on Strategic Management Accounting: A Research on Manufacturing Companies.International Journal of Economics and Financial Issues,5(2).
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