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Leadership Capability Free Essay Example, 2000 words

Leadership Profile If presented with as much information as possible when dealing with the abstract ideas, the problem is likely to improve. Having the information will help the leader have more confidence in the idea to the point of making use of the idea. When a leader makes a point of doing the research individually, this will also increase the level of confidence among employees (Godwyn and Gittell, 2011). The fact that the leader is involved in what employees are doing and stipulates the ways in which the goals are achieved, shows that he is a suitable leader. Being able to involve everyone in the course of work ensures that everyone is content with the decisions made. Thinking about the organizational values enables the business to grow both socially and economically. Making subordinates part of problem solving will have a positive effect in their levels of confidence. Chapter 4: Style Approach The style approach deals with how the leader organizes and deals with group working. The overall score after evaluation is 42. This is rated as a high score. The ability of the leader to effectively deal with group working is crucial especially in organizations where most work is done in groups. We will write a custom essay sample on Leadership Capability or any topic specifically for you Only $17.96 $11.86/pageorder now More success will be gained if the leader is able to organize the group members to work towards a general goal. The leader has a high score in average but there are some areas that need to be improved. In this section, the leader needs to improve on social aspect of being a leader. It is clear that he is not in a position to solve the problems between the employee, is not friendly and is not interested in the well being of the group members as well as it should be. This shows that the leader uses a dictatorial approach. In this type of approach the leader does not see the importance of having an emotional approach to the subordinates. Leadership Profile The leader needs to create a personal relationship within the group. Having a good relationship between a leader and group members is important to ensuring that they are efficient in working. The leader should make use of the various methods of solving conflicts between the group members. He should try and engage the group members in social events that will help bonding. The leader of the group also has a few strong points. One of the strong points is that he stipulates what he expects from the group members. Explaining the role of each member in the group gives each member a sense of direction. Both of these area will also ensure that incase anything goes wrong they will know the origin and work from there.

Criminal Justice It Has A Weak Social Control System For...

I believe that Criminal justice institution; it has a weak social control system for our safety, because they are some officers that abuse of their power against the civilians. This affect or impact our society in a large distance in a way that social control system don’t have a strong system to protect use as a United States citizen from some officers that don’t do their job in the right way. After knowing that criminal justice is the last line of defense some of them abuse their power. Criminal justice is the last resort after community is affected by crimes and this institution of social control they are the ones to disciplined other for breaking the law. Criminal justice is an institution that protects civilians from crimes, which are composed of three main agencies that give protection. They make a criminal justice system, for example these three agencies are police, court, and correction. Law enforcement is one of the main agencies that enforce the law, and when a crime is reported the police service are the one who solve or manage the situation to determine what happened in a particular crime and can detain a person who has committed an offense. Court is a tribunal institution where people come to tribunal to resolve their disagreements after a suspect has been arrested. In the court there’s a judge the one who decide whether to charge the suspect with a crime or released with no charges. Corrections is another important agency from the criminal justice system whereShow MoreRelatedThe Theory Of The Criminal Justice System1292 Words   |  6 Pagesmake sure the criminal justice system fails because they benefit from that fa ilure. Conspiracy theories are hard to be proven and for it to succeed, it has to be kept a secret. There’s no credibility in the sources due to the degree of secrecy. Conspiracy theories are invalid because it doesn’t correspond with how people behave most of the time. The Pyrrhic defeat theory isn’t a conspiracy theory because the theory bases itself on why the criminal justice system fails and that’s due to our own shortcomingRead MoreDeterrence Theory And The Criminal Justice Field Essay1578 Words   |  7 Pagesbased upon a belief that citizens choose to obey or violate the law after determining the advantages and disadvantages of their actions (Paternoster, 2010). Deterrence, in the criminal justice field, dissuades individuals from criminal activity and from continuing to live a life of crime after committing the first criminal like act (Dutton, 2014). Law enforcement provides sanctions in the form of imprisonment, probation and fines (Paternoster , 2010). In the United States, a practical example of deterrenceRead MoreBeccaria s Of Crimes And Punishment1317 Words   |  6 Pagesclassical school discusses work in the 18th century by Cesare Beccaria and Jeremy Bentham. The classical school was based upon the thought by Beccaria that everyone has free will when it came to making decisions, such decisions as to whether to commit a crime or not. He also believed that punishment can be used to deter the public, both criminals and non-offenders, from committing crimes so long as the punishment fits the crime and is acted upon swiftly to ensure that a lesson is learnt. Beccaria’s theoryRead MoreBlaming the Victim1214 Words   |  5 PagesVictim Sarah Schwartz Baker College Comp 101 Blaming the Victim 1 in 4 women will experience domestic violence in her lifetime (safehorizon.org). Domestic violence is a pattern of behavior used to establish power and control over another person through fear and intimidation, often including the threat or use of violence. I am that 1 of 4 woman who have experienced an abusive relationship. I was always asked why I didn’t leave or why I didn’t say something, instead ofRead MoreAddressing Problems Of Urban Communities1728 Words   |  7 PagesAddressing problems in urban communities should remain first priority. Poverty has been growing faster in many cities throughout America. Residents of poor urban areas face many sets of challenges that our community developers are not addressing that can alleviate issues within urban communities. If we can come together to fight against poverty, we can call for revitalization, we need many more new strategies to tackle problems that aren’t contained. Many authors address poverty wit hin suburbanRead MoreEssay on The Importance of Justice in Society1424 Words   |  6 PagesThe Importance of Justice in Society One component of the definition of justice is the final outcome of the process of the law, whereby justice is distributed by the State. According to this definition, justice is the mechanical process of the structure of law – set in place and agreed to by the people of the State. Another definition is concerned with the value inherent in ‘just’ behavior. One distinction between these two definitions is the difference between an individual viewpoint and theRead MoreThe Effects Of Violence On Public Health Policy Essay1747 Words   |  7 PagesViolence compromises physical health and threatens the safety of our communities (Public health policy paper). In our nation violence continues to cause premature death, disability and injury yet there are insufficient efforts to prevent it (Public health policy paper). Currently, our interventions to prevent violence occur after a violent crime has occurred. The focus is to incarcerate individuals who have committed a viole nt crime (public health policy paper). We are failing to fix the infrastructureRead MoreSocial Control And Bond Theory2770 Words   |  12 Pages Social control/bond theory was developed by Travis Hirschi in1969. The social control approach is one of the three major sociological perspectives in understanding crime in our contemporary criminology. The theory holds that individuals will break the law as a result of the breakdown of the social bonds (Akers Sellers, 2004, p. 16). Control theorists believe that an individual conformity to societal social values and rules produced by socialization and maintained through social ties toRead More Radical Criminology Essay2456 Words   |  10 PagesCriminal law involves prosecution by the state of a person for an act that has been classified as a crime (Criminal law, 2010). But who gets to decide what acts are criminal? It should be no surprise that the individuals with the most power do. For radical criminologists, the problem aris es in capitalist societies because it is in these societies where the means of production are owned privately by a small number of people. Based on the writings of Karl Marx, radical criminologists argue that theRead MoreThe Chicago School Applied For Terrorism1739 Words   |  7 PagesTerrorism Introduction As we all know, our vision and our hearts were imprinted by the heinous acts of violence on 9/11. The USA was assaulted by terrorist, and these acts of violence’s have continued ever since. It is like cancer, once you think you have parts of it under control it rears its ugly head and sprouts up somewhere else. The USA and other Nations like England fight against terrorism is always an overriding priority for the Department of Justice. They spend every waking hour, devoting

Company Evaluation Exporter and Operation

Question: Discuss about the Company Evaluation for Exporter and Operation. Answer: Introduction BHP Billiton is an Australian conglomerate involved in mineral operations. It has also invested in other countries like Brazil, Peru and Colombia. BHP Billiton is an energy exporter and operates seven segments in mineral resources mainly, base metals, diamonds, stainless steel, liquefied natural gas, energy coal and oil. BHP Billiton is in a process of splitting of its core assets in order to concentrate on products such as iron ore, copper, coal, oil and potash(Banks, n.d.). As of March 1, 2016, came into effect a new operating model that will bring together the operations of the firm in three new areas: Oil, Minerals in the Americas and Australia. Notes to Financial Statements represent clarifications or explanations of facts or situations quantifiable or not presented in the movement of accounts, all of which must be read in conjunction with the Financial Statements for proper interpretation. Also they represent important information for investors wishing to buy shares of a company through the stock market, because usually show relevant information to consider that determines the behavior of the value of the shares(Bragg, 2007). The notes to the financial statements represent the dissemination of certain information that is not directly reflected in those states, and which is useful for users to make decisions with a clear and objective basis. This does not imply that these explanatory notes are a financial statement, since according to current regulations they are not, rather an integral part of them as part of the analysis, being mandatory submission. On the other hand these notes represent balances disclosures applicable to transactions or other significant events, to be observed in preparing and presenting the financial statements when appropriate. BHP Sustainability report 2015 Sustainability is a core strategy in BHP Billiton growth implementation strategy. Sustainability report index aims at creating a good social responsibility with the communities around. It focuses on environmental sustainability, employee welfare, government contributions and its economic growth. More than $225 million is committed to community programs Local suppliers are awarded a 42% allocation to tenders in BHP. More than $ 100 million was used to raise awareness to environmental issues. It is known to have contributed more than $2 billion dollars of its income to community projects in the last two decades(Barclay, Dann and Holroyd, 2000). Statement of financial analysis/ consolidated income statement The profit for the last financial year ended 30 June 2015 is $44.6billion down from $56.76 billion the previous year. This decline is attributable to a sluggish economic uptake of minerals and depreciation of the Australian dollars. There is also an aspect of increased competition from major competitors like Torino(Bull, 2008). Profits from operations declined from $22.6 billion the previous year to $ 8.4 billion this financial year. This is a significant drop in operating profits due to the above mentioned reasons. Profit after taxation from continuing operations dropped significantly to 1.152 billion. There is heavy taxation on mining company which is dictated by the Australian mining act. Dividend per share in ordinary shares stood at $124 dollars which is an improvement and among the best paying company. It was an improvement of $ 3 from the previous year. Continued and discontinued basic earnings per ordinary shares stood at $35.9 dollars while diluted earnings from discontinued and continuing activities stood at a mere $35.8. The number of ordinary shares at the end of the period stood at 5.324 million, the weighted average number of shares stood at 5.312 million while the diluted number of ordinary shares stood at 5.333 million. Other financial information related to BHP Billiton is Underlying earnings before interest and tax (EBIT) which stood at $21.8 million, while the underlying attributable profit which stood at $6.417 and the net operating cash inflows were at $19.26 million for the financial year ending 30 June 2015. The initial note of identification of the business and economic activity is necessary for BHP Billiton(Diamond, Stice and Stice, 2000). Declaration on compliance with IAS official in the country where the financial statements are drawn up. Notes on significant accounting policies used by the company for the preparation of financial statements. Notes specific character for items presented in the financial statements. Other notes financial or not financial required by the rules, and those deemed by the board and management of the company are deemed necessary for a proper understanding of the financial situation and the economic result. Underlying earnings before interest and tax (EBIT) which stood at $21.8 million, the underlying attributable profit which stood at $6.417 while the net operating cash inflows were at $19.26 million for the financial year ending 30 June 2015. Example of Notes to Financial Statements: The following excerpt model elaborate note has been based on a real note of a Mining Company: According to recent geological studies and the current production volume, estimated ore reserves of the Company's proven and probable will last 7 years. As of December 31, 2015, the number of employees (officers, employees and workers) of the Company was more than 40000 respectively(Diamond, Stice and Stice, 2000). The Financial Statements for the period ended 30 December 2015 were approved by the Board of Directors of the Company at a meeting that took place on January 20, 2008. Significant accounting policies The significant accounting policies used by the Company in the preparation and presentation of its financial statements are as follows: Basis of preparation and presentation: The financial statements are prepared and presented in accordance with generally accepted accounting principles in Australia, which comprise the International Financial Reporting Standards (IFRS). IFRS incorporated into the International Accounting Standards (IAS) from 1 to 41, and Interpretations 1 to 33, issued by the Standing Interpretations Committee (SIC), formalized for mandatory application in Australia from 2005(Goel, n.d.). The financial statements of the Company will be presented in the functional currency, ie Dollars, from the first quarter of 2015. Balance sheet analysis and asset quality/ Liquidity risk BHP billiton has a net debt of $ 26.1 billion, and a liquidity of $16.3 billion. The current ratio: current ratio is also known as an efficiency or liquidity ratio, it determiones a firms ability to use its current assets to pay off its short term liabilities(Walters and Dunn, 2001). A company has got a limited amount of time to raise funds to pay for the short term liabilities that are usually payable between 1-3 years. The formulae for this ratio is Current assets/ current liabilities = $ 126,534million/$63,974 Million =1.97 The ideal ration to measure this short term liquidity risk is usually 2. This means that the company has a risk of not meeting its short term liabilities and therefore the companys current assets do not meet the quality required by IASB. Formulae: Cash ratio= (Cash+invested funds+cash equivalents)/Current liabilities As of December 2015 BHP billiton had a cash in hand of $ 23,876m, cash equivalent of $5,321m and invested funds that amounted to $10,432m.On the other hand, the current liabilities at the end of the period were $63,974. $(23876+5321+10432)m/$63,974m =0.62 This means that BHP Billiton may not be in a position to pay off its debt. Industry analysis The industry has generally been hit and the growth is sluggish. Therefore, BHP Billiton is just one of the companies that is hit by the industry economic slump, thus shareholders should not be worried because the economic slump is across board(Goel, n.d.). Other mining companies also recorded reduced profits and stock value, however5, economic analyst are bullish on the industry trend. Remuneration report Remuneration policy of BHP biliton,General principles and foundations of the remuneration policy of Directors seeks to compensate them so adequately given the responsibility assumed and dedication, ensuring that such compensation is appropriate in terms of market requirements, as provided in the law. Furthermore, in the case of non-executive directors are that the Board of Directors ensures that the amount of remuneration given to the non-executive director is such that it offers incentives to dedication of the directors. Linking with the Group's strategy of BHP Billiton, a portion of the compensation must be linked to the achievement of the objectives that constitute the Group's strategy. Therefore, pay for performance significant part of the remuneration should vary depending on the results. In 2016, the Board of Directors a proposal from the Remuneration Committee, has decided to submit to the approval of the General Meeting of Shareholders the implementation of Plan Long Term Inc entive 2016-2020, in line with policy remuneration of directors in force. The accounting method Any company, to carry out its activity, operates with the outside world, buy, sell, etc. As a result of these actions, their heritage is altered and gets results, profits or losses. BHP Billiton uses Duality principle Is to distinguish in any empirical fact, at least two elements relate to each other. This principle also applies to economic facts. Thus, the companies, to capture or collect any of its transactions, distinguish at least two elements involved in it. Valuation of inventory Since any company performs multiple operations, the valuation of its elements will be subject to continuous variations. The financial statements provide an overview of certain economic variables of interest of BHP Billiton. Within an outstanding place they occupy today, given its obligation, the balance sheet, the profit and loss and memory. The result will depend on various parameters, such as: the number of products sold the selling price of these, the cost of production, etc(Ricardo, 2001). Hence, it is impossible to determine the outcome or surplus generated by the company if certain interval of time has elapsed.The most detailed and comprehensive account of stocks of goods has a company to start operations or accounting period, after doing a physical count. Valuation methods do not involve physical movement of the goods, but inflation and the cost or price for the inventory. Auditing Report This article is for educational purposes and discussion, to conduct an analysis of the conceptual framework of companies accounting from the perspective of the International Standards on Auditing (ISA), consequently the reporting application in its case, the ISA ISA 800 or 700, but not intended to be a guide or establish any criteria International Auditing Standards require the auditor to perform an analysis of accounting framework on which the financial information is prepared for that, consequently, the necessary disclosures are made in his report; to this effect, Auditing Standard 200, provides that the exercise of defining the type of conceptual framework is a complicated undertaking and on which a high degree of analysis and study is required. Accounting publications When there are conflicts between the financial reporting framework and the sources from which you can obtain guidance on its application, or between the various sources that make up the financial reporting framework, the source prevails more regulatory status. Some financial reporting frameworks are fairly frames, while others are compliance frameworks. The financial reporting frameworks mainly comprising the financial reporting standards established by an authorized or recognized to promulgate standards to be used by entities in the preparation of financial statements for general purposes often are designed to achieve fair presentation in BHP Billiton. Transfer pricing In our country transactions between related parties they governed by Article 281 of the Tax Code and Regulation 78-14 on Transfer Pricing (Kaplow, 2011). For the purpose, they are considered related or related parties, individuals, legal persons or entities, provided that one of them resides or is placed in Australia and for which any of the circumstances linking BHP Billiton. Taxpayers achieved by the transfer pricing regulations are natural persons, legal entities or residents performing operations like BHP Billiton. Conclusions and Recommendations From this perspective it is worth reflecting on whether there are accounting frameworks addressed present fairly the financial or accounting performance end, perhaps one possibility might be the need that had an organizational that would like to know the use and origin of liquid resources beyond their generation profitability, or perhaps the need for a regulator or authority to hear through the construction and issuance of financial statements of the timely implementation of any law as may be tax regulation. Requirements applicable financial reporting framework determines the structure and content of financial statements (Godfrey et al., 2010). Although it is possible that the framework does not specify how to account for or disclose all transactions or events, usually it contains sufficient general principles that can serve as a basis for developing and applying consistent accounting policies with the concepts underlying the requirements of the framework. References Banks, D. (n.d.).The Mining industry. Barclay, I., Dann, Z. and Holroyd, P. (2000).New product development. Boca Raton, FL: CRC Press. Bragg, S. (2007).Business ratios and formulas. Hoboken, N.J.: Wiley. Bull, R. (2008).Financial ratios. Oxford: CIMA. Burgess, J. and Connell, J. (2006).Developments in the call centre industry. London: Routledge. Diamond, M., Stice, E. and Stice, J. (2000).Financial accounting. [Cincinnati, OH]: Southwestern College Pub. Goel, S. (n.d.).Financial ratios. Mand, M. and Whipple, W. (2000).Partnering for performance. New York: AMACOM. Temte, A. (2004).Financial statement analysis. La Cross, WI: Schweser Study Program. Wiehle, U. (2006).100 IFRS financial ratios. Wiesbaden: Cometis. Godfrey, J., Tarca, A., Godfrey, J. and Picker, R. (2010).Financial accounting theory practice. Milton, Qld.: John Wiley sons. Kaplow, L. (2011).The theory of taxation and public economics. Princeton, N.J.: Princeton University Press. Overview of best practice environmental management in mining. (2002). [Canberra, A.C.T.]: Environment Australia. Ricardo, D. (2001).On the principles of political economy and taxation. London: Electric Book Co. Transfer pricing. (2002). London: Euromoney Institutional Investor PLC. Walters, D. and Dunn, J. (2001).Student's manual of auditing. London: Thomson Learning.