Financial Statements Paper Essay Example for Free

Financial Statements Paper Essay The statement usually includes beginning balance, net income for the current cycle, dividends disclosed in the current period and ending balance. Balance sheets detail assets and claims to assets at a distinct point in time. Claims of creditors and claims of owners are examples of claims to assets. This particular statement provides a clear outline of the financial standing of the company as a whole. The direct function of a statement of cash flow is to present financial information such as cash receipts and payments during a set point in time. This assists investors and creditors to analyze a company’s financial position.. These statements address a company’s financing, investment and operational activities. Financial statements are useful to managers as these statements are utilized to measure the performance of the organization. Sales and expenses are compared to the income statements from previous periods by management to pinpoint possible problematic areas. Major variations adjure management to thoroughly understand what the causes of those changes are. Variations in liabilities and assets are examined on the balance sheets from one cycle to the next. Any large variations need to be identified, explained and reasons established to whether the variations benefited the company, or caused a loss as consequences of problems. From this point management can make adjustments to correct any problems, or future planning, so these losses or problems do not repeat again. The benefits can be capitalized upon as well. Financial statements are useful to employees for the reason of collective bargaining, discussing compensation, and ranking. Employees also use this information as a means to determine the ability of the company to provide retirement benefits and opportunities for advancement. Financial Statements are useful to investors as they hold an interest in the profits of the company. The investors are looking for a return in the money they have invested, usually in the form of stocks, as they seek increases in stock value and profitability. Lending decisions to be made by creditors are based upon the financial statements. The creditors want to ensure that the companies they are lending the funds to have the ability to manage its finances so they are not at risk of not being able to pay back its debts. References: Kimmel, P. D. (2009). Financial Accounting: Tools for Business Decision Making (5th ed. ). Retrieved from The University of Phoenix eBook Collection database..

The Ruling Elite and the Development of the Middle East :: essays research papers

  Ã‚  Ã‚  Ã‚  Ã‚  Many dynasties and kingdoms have ruled the area of what we now call the Middle East. In almost all of the societies, it is the wealthier, educated, and a particular race or ethnicity that ruled. These positions were usually acquired through power, either by a civil war or an overthrow of the previous government. From the late eleventh century to the reign of Mohammed Ali in the early to mid nineteenth century, whoever were the ruling elite was able to shape the direction and development of country or territory in three different ways; socially, economically and politically. By controlling the policies of the government the ruling elite was able to control the economics of the country and socially constructing it as well in the process.   Ã‚  Ã‚  Ã‚  Ã‚  The policies in the regions vary from area to area due to the ruling power. Some harsh to their society and imply policies that favor a certain group of people. During the Mamluk period, the soldiers were required to train on horseback with the use lance, bow and sword. Although when the Circassian period (1382-1517), the type of training the soldiers were required to practice shifted to the hippodrome. Until Barquq, the founder of the Circassian line, abolished the use of the hippodrome. By shaping the ways your military trains, the leader is responsible for preparation of his troops leaving them vulnerable to invasions or ready to conquer new lands. The Mamluks were reluctant to enter the new age of technology and industrialization and still insisted on the usage of the hippodromes, which had long been absent from the new â€Å"industrialized’ countries. In August of 1514, 12,000 Ottoman soldiers were carrying the gun. The Safawid army that carried sword s and trained in the hippodromes was annihilated. If the government would have allowed the usage of the gun, the soldiers would have stood a chance. The Ottoman empire, through this new technology was able to become the largest empire in history. (Cultural Reader, 52-63)   Ã‚  Ã‚  Ã‚  Ã‚  The policies in which a ruling government imposes determines the economic development and direction of a country. As new rulers come into a country a transformation of culture and economics. With the Ottomans ruling many areas of the Middle East were becoming more dependant on Europe. With Europe being the center of business of the time, trade between the two regions was at an all time high. Europeans were eager to get the spices, cloth and other items from the ‘orient’.

Magnet designation: What does it mean for me? Essay

Magnet designation â€Å"recognizes health care organizations for quality patient care, nursing excellence and innovations in professional nursing practice.†(AACN, 2014). As a nurse going through this process in one of the facilities I work at, It means mire education and accountability. I only work Per Diem at this facility but have to chair on one of the nursing committees, I have to have a certification in my specialty and also a bachelors degree in 5 years of starting my employment or I am terminated as an employee(yes contract was signed or no employment). This has increased my educational requirements and time requirements for this facility. I am on the employee recognition committee and as an employee that works long hours in an emergency room this committee is actually very important. Many feel that this is the â€Å"party† committee but we are more than that. We recognize the employees that don’t often get recognized for all their hard work. As an employee that rarely gets recognized I realized that this is important to our health and care of the patients. I work hard but as a per diem employee I often get left unrecognized. I have large shoulders and can bear that brunt because I know my nursing care is excellent, my patients are taken care of and if they cant remember my name that is ok. Sometimes its the ones that you butt heads with and they complain from the time they set foot in the door that remember your name-thats ok also because it means that you made an impression on them- sometimes good sometimes not so good. We don’t always recognize the same people over and over we try to disperse the compliments and recognize not just nurses but also ancillary staff as they make up our hospital also. As a committee we celebrate monthly birthdays and try to correlate outings into volunteer fun days. These can be hard to correlate with schedules but we use baseball games for BP checks and fair days for health screenings. It has brought our department and our hospital closer to magnet status. The magnet program has three goals or principles: †¢Promote quality in a setting that supports professional practice †¢Identify excellence in the delivery of nursing services to patients/residents †¢Disseminate best practices in nursing services. This is achieved by increasing employee satisfaction and education through training and education. The benefits of magnet status are that the hospital designated will attract and retain top talent, improve care, safety and satisfaction, foster a collaborative culture and advance nursing standards and practice, and grow business and financial success. Shared governance is a way of incorporating all those goals. on other shared governance teams they look at certain aspects of care that we can improve such as lift teams, rapid response teams, specific equipment to help decrease our fall rates and also employee injuries. These teams are made up of management and floor nurses along with the CNO/CEO/CFO. we all have an input into what needs to be changed and how we are going to change the need. Along with the education that is needed to make that change. I have enjoyed the education that has come with attaining our magnet status. The hospital that I am at does not have JCHAO but we have DNV-Det Norske Veritas. â€Å"DNV works with national healthcare authorities and healthcare providers around the world to effectively manage risk and improve healthcare delivery. Our team of healthcare and risk management specialists has an innovative, advanced approach to help healthcare providers globally in identifying, assessing and managing risk, enhancing patient safety and quality, while ensuring sustainable business practice.†(DNV, 2013) They come yearly and assess our facility, we actually learn from this yearly visit and am not rushing to ‘clean and organize a facility for an upcoming visit from joint commissions’. The DNV has increased patient safety and quality along with helping us get accredited, and reduce infection risk. The DNV is an ISO9001 program and has certified many agencies around the world and is designated as the best in healthcare and proactively manages risks and best practices. Our sister hospital Norfolk General has been redesignated as a Magnet  facility and all but our 1 stand alone facility are heading to magnet status. For me Magnet status is an achievable goal for many facilities and designates the best nursing practice, and higher retention and nursing satisfaction. References: ANCC MAGNET RECOGNITION PROGRAM. (2014, January 1). . Retrieved July 26, 2014, from http://www.nursecredentialing.org/magnet/programoverview DNV:Managing Risk:Healthcare. (2013, January 1). . Retrieved July 25, 2014, from http://www.dnvusa.com/industry/healthcare/

Impact of Mental Illness on Families Essay - 3212 Words

When mental illness first strikes, family members may deny the person has a continuing illness. During the acute episode family members will be alarmed by what is happening to their loved one. When the episode is over and the family member returns home, everyone will feel a tremendous sense of relief. All involved want to put this painful time in the past and focus on the future. Many times, particularly when the illness is a new phenomenon in the family, everyone may believe that since the person is now doing very well that symptomatic behavior will never return. They may also look for other answers, hoping that the symptoms were caused by some other physical problem or external stressors that can be removed. For example, some families†¦show more content†¦A consumer describes how his priest has helped this to happen in his congregation. St. Peters has established a health ministry. One of the charges of the health ministry was to establish a mental health subcommittee. One of its responsibilities is to continually bring to the congregation, through the Sunday bulletins, items about mental illness. We also put books in the library and a poster about support groups on the bulletin board. We let people know that others are up front about this. So, maybe they will come out of the closet and ask for the help they need from those of us who deal with this every day. Understanding Frustration, Helplessness and Anxiety It is difficult for anyone to deal with strange thinking and bizarre and unpredictable behavior. Imagine what it must be for families of people with mental illness. It is bewildering, frightening and exhausting. Even when the person is stabilized on medication, the apathy and lack of motivation can be frustrating. A mother mentions how her daughter, when asked to put her clothes in the closet, looked at the freshly pressed blouses for over an hour before making a move to hang them up. What was a matter of routine for this young woman in the past, now seemed to take an inordinate amount of time. Even though the parent knew it was not so, she had to fight the feeling that her daughter was deliberately not doing this one, small task. Another parent described howShow MoreRelatedMental Illness Is Nothing But Brain Illness1466 Words   |  6 PagesMental Illness is Nothing But Brain Illness Is there anything more frustrating than finding out that scientific theories that were considered great ideas back then if applied to today’s world should be tossed away? These theories are not a secret and I can go on and on; but similar to these scientific theories, there is a theory about the mental illness are brain illnesses. 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