Leaders of Quantum Healthcare Organizations Essay

Leaders of Quantum Healthcare Organizations - Essay Example Unlike other types of leaders, a quantum leader is more concerned with bringing change rather than controlling. A quantum leader brings change by using reality in the best innovative and creative means available. To ensure that the climate of change suitably works in the hospital system, the quantum leader must be a critical thinker, a successful planner, and most importantly plays the role of a mediator (Montgomery, 2011). The quantum leader is the chief decision maker and problem solver of the health organization. It is through environmental analysis that the quantum leader identifies the immediate and long-term needs of a health organization. As a nurse educator in the coronary critical care unit, possessing quantum leadership qualities means a lot in terms of making quick, sound and well-informed decisions on patient’s care (Dargahi, 2013). Saving life requires a leader who is swift in action rather than that who is best at instructing. The ability to make quick life-saving decisions, perform thorough physical assessments, communicate clearly to the health care team and advocate for the patient’s rights are all responsibilities a coronary critical care nurse shoulders. It is worth mentioning that quantum leadership can be cultivated right from the first year of study and be applied long after graduation. Quantum leadership helps a critical care nurse to make appropriate and continuous decisions on patient care. Montgomery, K. L. (2011). Leadership redefined: educating the Doctorate of Nursing Practice nurse leader through innovation. Nursing Administration Quarterly, 35(3), 248-251.

Impairments of intangible (including goodwill) Research Paper

Impairments of intangible (including goodwill) - Research Paper Example Under the USA GAAP principle, the methodology used for the determination of the impairment of long lived assets is based on the two step approach. In the two steps approach, the first step requires test of recoverability. In this test, the comparison of the carrying amount and future amount of discounted cash flows from the using and disposing. In case, the assets are determined to be not recoverable than impairment testing conduct becomes mandatory. Contrary to this, in the IFRS system one step approach is employed. Under this system, the existence of the impairment indicators makes it mandatory for the application of the impairment testing (EY, a). The second major difference in the treatment of intangible assets in US GAAP and IFRS exist in calculation of the loss in the impairment of long lived assets. Under the system of US GAAP using FAS 157 entitled Fair Value Measurement is employed and the loss calculation is difference between the carrying amounts to the fair value amount. On the other hand, the IFRS system of financial reporting, the calculation of the loss is conducted by measuring the difference between the carrying amount and the recoverable amount. The recoverable amount is measured as either the fair value net of cost of selling or value in use or value indicating future value of discounted cash flow including the amount received after disposal. ... Additionally, the reporting unit can also be accounted in the level under operating segment or the component. In the IFRS financial reporting of corporate accounts, the allocation of goodwill is conducted differently. Goodwill in the IFRS system is allocated either in the group of Cash Generation Unit (CGU) or CGU itself. Allocation of the Goodwill in the group of CGU represents lowest level from which the internal management monitors goodwill for internal assessment IAS 36.6. Importantly, this group, by law of IFRS 8 (Operating Segment) cannot larger than operating segments (EY, a). In addition to the goodwill allocation carrying differences in the two internationally followed systems of reporting of corporate accounts, methodology for the determination of impairment of goodwill also varies. Corporate accountants using US GAAP system of reporting has to imply the two step approach or methodology for the determining the requisite impairment. Under two-step approach requires performin g the recoverability test at the level of reporting unit in which the allocation of goodwill is conducted. In this initial test, the net amount of difference of the reporting unit’s carrying value to the reporting unit’s fair values is conducted. Positive difference between the carrying value and the fair value of the reporting unit makes it mandatory to perform the impairment test for the goodwill. Companies using IFRS system of developing the financial accounts apply the one step approach. Under the IFRS system it is simply mandated to conduct the impairment test. The impairment test of goodwill is conducted at CGU unit. Under this approach, the comparison of the carrying amount at CGU level with recoverable amount is conducted while carrying amount

Sisterly Love Essay Example for Free

Sisterly Love Essay In Bernhard Frank’s literary criticism, â€Å"Sophocles’ Antigone†, he presents the reader with elements of questionable motive and incest, not readily seen by most. Frank essentially believes that Antigone’s obvious death wish comes from being the â€Å"ill-fated bride† (line 801) not of Haemon, but rather, of her deceased brother, Polyneices. Frank says that, â€Å"it is as the bride of her slain brother that Antigone may see herself† (Frank, pg1). Frank uses Antigone’s indifference to Haemon and excessive love of her brother as support for his argument. Frank suggests that it would be reasonable to expect Antigone to want to live to become the bride of Haemon. He says it would also be reasonable to expect Antigone to wish for death if she were the intended bride for Polyneices. Frank goes even further with his incest theory in implying that Antigone has incestuous feelings for her sister, Ismene. He mentions that the chorus in the play compares Antigone to her father, â€Å"the violent daughter of a violent father† (line 430) and that Creon says, â€Å"if she triumphs / and goes unpunished, I am no man- she is† (lines 439-440). Franks believes that Oedipus had inappropriate affections for his daughters and that Antigone, like her father allegedly did, has an excessive love for Ismene. Frank points out, that in the end when Ismene offers her support, Antigone turns her down and taunts her as one may do a jilted lover. Frank feels that since Ismene has betrayed her, Antigone is all the more ready to join her brother in d eath. This is a fairly well written article. Frank uses a few specific examples and quotes that make his argument understandable, possibly even believable. However, his is use of terms such as â€Å"may† and â€Å"could†, make the reader question his ownership of this theory. It appears that he is asking the reader to just consider his line of thinking, rather than really persuading the reader to believe as he does. So while Frank’s argument is certainly interesting, and will likely cause a reader to pause and consider his theory, it is not likely to win many over. He only offers a few examples of why he feels as he does, and these examples could easily be interpreted differently. Antigone’s indifference to her betrothed is not necessarily indicative of her incestuous love of her brother, but only of her lack of real love for Haemon. Just because she was supposed to marry him, does not mean that she wanted to. She was ashamed and afraid of the curse put on her family, and wanted to escape that. Marrying her cousin/uncle was certainly not the way to end the family curse. Antigone’s treatment of her sister Ismene, is not that of a jilted lover, as Frank suggests, but just the hurt and anger that her sister did not choose to help her in the first place. She didn’t want to share the glory that the gods would certainly bestow upon her with her undeserving sister. This was an instance of sibling rivalry, and Antigone was acting as a spoiled child, but not a jilted lover. Frank’s argument that Antigone being like her father is evidence that she had incestuous feelings for her siblings is ridiculous. While Oedipus did commit incest with his mother, he did not know she was his mother when he married her. Antigone has known her siblings her entire life, and is very clear that she fears the family curse set in motion by her father, and wants to be out from under it. Antigone may be strong willed like her father, and may even have some masculine characteristics, for that time period (strong women today are not considered masculine), but that does not equal incest. Frank’s theory is certainly interesting, worth considering and definitely basis for discussion. However, there just isn’t enough evidence to back him up, and the evidence he does have is circumstantial at best. Works Cited Frank, Bernhard. â€Å"Sophocles’ Antigone†. Explicator 56.4 (1998): 170. Literary Reference Center Plus. Web. 11 Dec. 2012. Sophocles. â€Å"Antigone†. Trans. David Grene. The Norton Introduction to Literature. Eds. Alison Booth and Kelly J. Mays. 10th ed. New York: Norton, 2010. Print. 1493.

Investment Analysis for Jewellery Business

Investment Analysis for Jewellery Business Executive Summary Babushka’s Baubles is a company producing jewellery at the budget end of the market and has seen a sharp decline in its financial position, in 2008. Despite this, sale levels are consistently high and gross profit margins are healthy. This report has uncovered potential problems in the costs attached to inventory such as administration and also in the way that the working capital is managed. However, the investors are confident that the company has a positive future and is, therefore, maintaining an earnings-to-price ratio which is far higher than the industry average. Introduction This report aims to give a summary of the position of Babushka’s Baubles as reflected in the accounts of the company, year ending September 2008, with reference to the accounts for the previous year. The aim of the report is to provide investors with a snapshot of the current financial position of the company and to draw conclusions in relation to the previous period. The report will also draw comparisons with a similar company in the same market sector (Benny’s Bling plc), in an attempt to explain the key factors influencing the company. (In doing so, the different strategies in terms of marketing position will also be identified and taken into consideration). As well as analysing the accounts for the benefit of the investors, other potential users of the accounts will be considered. This will enable the company to identify areas of potential improvement for the company for the future[1]. The report will first ask which groups are likely to be the key users of the accounts and what they would hope to achieve from reading and analysing the accounts, or the summary contained in this report. The report will then move on to consider the main body of the analysis, looking at the key ratios and what these tell the readers about the position of the company. Finally, conclusions will be drawn as to the current position of the company and the suggested improvements that could be made for the future of the company. User Groups Accounts are used by a multitude of people and for a wide range of purposes. It is important to recognise this when it comes to reporting the financial status, so that these accounts can be geared towards ensuring the appropriate information is given to the correct people. The primary users of any set of financial accounts are the investors. Looking at the figures and the trends of the company will allow investors to decide whether they should buy shares or sell the shares they own and what sort of return they should expect from investing in the company. As well as the investors, lenders will be keen to look at the financial status of the company so that they know the safety of the loans which they have forwarded to the company and also to make judgments if they are considering forwarding more loans to the company[2]. Managers primarily use the set of management accounts to give them the necessary information to make decisions in relation to the running of the company. However, they will also use the financial ratios and accounts to help establish where they are in relation to the sector, as a whole, and in comparison to specific competitors. For example, in this case, the managers can consider their ratios in comparison to those of Benny’s Bling in order to ascertain their competitive position and how potentially they could improve their own position in the future. Other users will include customers identifying how likely the company is to be able to continue to supply them for the future. Employees may also be interested in relation to their job security and career prospects. Financial Ratios Financial ratios are used as a way of presenting the financial position of the company and to provide greater analysis of the underlying financial accounts. Trends can be identified and they are particularly useful when it comes to drawing comparisons with other companies in a similar sector. In some circumstances, financial ratios can even assist in order to predict bankruptcy while it is still possible. Although ratios can be useful, there are also some limitations inherent in their use which can reduce their usefulness from the point of view of comparison with other companies. Each company is likely to follow slightly different accounting policies and standards, each of which will have an impact on the way that the ratios are displayed and may make the comparisons less useful than they could be. The ratios will only be as useful and as accurate as the financial information upon which they are based. Where the ratios are based on summary accounts, this may not give a truly accurate view of the underlying position and more investigation may be necessary in order to obtain a full impression of the company’s position[3]. Financial statements are historic and in some cases can be substantially out of date. This means that that the ratios, based on these statements, may no longer be relevant as they have already been superseded, prior to the analysis being undertaken. Furthermore, comparison across different accounting periods can be misleading as it does not take account of any inflationary effects. As the ratios will be compared with a competing company, caution should be exercised due to the naturally different structures and approaches being taken by the two companies. Different companies will inevitably have different approaches and comparing ratios directly may not take this into account. Babushka’s Baubles – Financial Ratio Analysis A detailed analysis of the ratios in relation to the company has been undertaken and, at relevant points, these have been compared with Benny’s Bling in order to try and obtain a rounded view of the company’s position, both in relation to the previous period and to one of its main competitors. Caution should be used as the two different companies have different market positions, with Benny’s Bling aiming for the upper end of the market in terms of both price and quality and Babushka’s Baubles focussing more on the budget end of the market, which is likely to lead to slightly different accounts. Profitability The gross profit figure simply shows how much is made on sales related to the cost of those sales; it does not include any reference to costs such as general administration or selling costs. The more complete figure is that of the net profit margin which shows the amount of money that is made once all cost of the sales have been taken into account. On a wider note, the return on capital employed shows how much is made for every  £1 of capital that is invested in the company[4]. In all cases, the performance of Babushka’s Baubles has weakened between 2007 and 2008. There has been a huge reduction in the net profit margin and also in the return on capital employed, with not such a large reduction in the gross profit margin. This indicates that non-direct costs such as administrative and selling costs have increased dramatically, but sales have not increased in proportion. The gross profit margin in Benny’s Bling has dropped from 26% to 25% in the last year which, although it reflects a reduction, is still considerably higher than the profit margins of Babushka’s Baubles. Liquidity Both tests for liquidity, the current asset and the quick ratio, are considered absolutely vital for all businesses. They reveal how readily the company can meet its liabilities with the cash that it has available. Cash is, of course, vital to the day to day running of the company and any weakness in this area could reveal imminent troubles for the company in terms of cash flow. This is one of the first indications of bankruptcy and should be taken seriously[5]. The current ratio shows how easily the company can meet all current liabilities with the current assets available. A company should aim to have a ratio of at least 1 in relation to this ratio. Although it has reduced form 1.85 to 1.80, it is still well above the recommended minimum of 1. The quick ratio, on the other hand, considers the current ratio, but taking out the inventory element of the current assets as these cannot be easily converted into cash and, therefore, may not be relied upon to meet current liabilities. In this case, Babushka’s Baubles has a ratio of 0.42 (up from 0.41 in 2007). This is considerably below the desired minimum of 1. Moreover, it indicates that the company has insufficient cash and too much in the way of inventory. Benny’s Bling shows a similar trend, but its quick ratio is 0.8 which is much closer to 1 and indicates a much better inventory management policy[6]. Efficiency Efficiency is the next area that we are going to consider, as this may give a clearer view of how inventory is being managed. Inventory has been identified as a potential problem and, therefore, this area should be carefully considered. These figures indicate how many days it takes from the point of the inventory entering the business to the point that the inventory leaves the business. Other figures indicate how long it takes for the company to pay debtors and how long it takes for the company to receive money from creditors. The inventory period has become slightly longer, 32.23 days (up from 31.51 in 2007), which shows that the company takes around a month to produce the jewellery for sale. Benny’s Bling, on the other hand, takes just 22 days. It takes the company 29.98 days, on average, to pay its suppliers. This is up slightly from 2007, showing that cash is staying in the business longer. This in itself is a reasonably healthy figure, but when compared with the 75.26 day period that the company takes to get money in from customers, it is clear to see that work needs to be done on getting cash into the business more quickly after the products have been sold. Benny’s Bling, conversely, takes an average of 46 days to pay suppliers, yet receives payments in 26 days, showing a much better control over cash flow. Gearing Gearing simply shows the value of loans the company has in relation to shareholders’ equity. Ideally, the amount of shareholders’ equity should be higher than loans, as this indicates that the company has fewer obligations in terms of interest payments and is, therefore, considered to be in a better position financially. The lower the gearing figure the better. The ratio has remained reasonably consistent at 7.7% (down from 7.8% in 2007). This is healthy and indicates a low level of long term loans. Benny’s Bling has a gearing ratio of 50%, which is considerably higher and indicates a much larger amount of long term loans within the company[7]. Investments ‘Earnings per share’ is a basic measure of how much money is earned in the business for every share. In the case of the company, it is expected that this will be lower than in Benny’s Bling, due to the large levels of shares and the relatively low dependence on long term debts[8]. Price per share shows whether the purchase price of the share relates to the actual earnings the share is bringing in. If this figure is high relative to other companies in the sector, it indicates that the market is generally positive about the future of the company and is expecting an increase in performance in future periods. A low figure indicates a pessimistic view. The company has earnings per share of 0.21, which is down considerably from 2007 at 0.35; this is due entirely to the substantial drop in net profits between 2007 and 2008. The price / earnings ration is 18.10, considerably higher than the sector average of 9, indicating that the market is generally positive about the future of the company. Conclusions The company is in a generally positive position, with a good gearing position and solid sales. However, the company has potential difficulties in the way that it manages its efficiency and liquidity. Issues such as receiving money from customers and inventory management could have a dramatic impact on the short term ability of the company to meet its short term cash requirements[9]. If the company could deal with the inventory and cash issues it would have a long term profitable future, a view shared by the investors in the earnings / price ratio. Bibliography Atrill, Peter, Financial Management for Decision Makers, Pearson Education, 2005 Britton, Anne, Waterston, Christopher, Financial Accounting, Pearson Education, 2005. Chadwick, Leslie, Comparing financial performance: Ratio analysis and retail management, International Journal of Retail Distribution Management, 12, 2, 1984. Drury, J.C., A Study of Industry Financial Ratios, Management Decision, 19, 1, 1981. Gillespie, Ian, Lewis, Richard, Hamilton, Kay, Principles of Financial Accounting, Pearson Education, 2004. Lewis, Richard, Pendrill, David, Advanced Financial Accounting, Pearson Education, 2003. Peterson, Pamela P., Fabozzi, Frank J., Analysis of Financial Statements, John Wiley and Sons, 1999. Siegel, Joel G., Shim, Jae K., Accounting Handbook, Barrons Educational Series, 2006. Stickney, Clyde P., Weil, Roman L., Financial Accounting: An Introduction to Concepts, Methods, and Uses, Thomson South-Western, 2004. Appendix – Financial Ratios Profitability Liquidity Efficiency Gearing Investors Footnotes [1] Gillespie, Ian, Lewis, Richard, Hamilton, Kay, Principles of Financial Accounting, Pearson Education, 2004 [2] Siegel, Joel G., Shim, Jae K., Accounting Handbook, Barrons Educational Series, 2006 [3]Peterson, Pamela P., Fabozzi, Frank J., Analysis of Financial Statements, John Wiley and Sons, 1999 [4] Stickney, Clyde P., Weil, Roman L., Financial Accounting: An Introduction to Concepts, Methods, and Uses, Thomson South-Western, 2004 [5] Chadwick, Leslie, Comparing financial performance: Ratio analysis and retail management, International Journal of Retail Distribution Management; 12, 2, 1984 [6] Britton, Anne, Waterston, Christopher, Financial Accounting, Pearson Education, 2005 [7] Lewis, Richard, Pendrill, David, Advanced Financial Accounting, Pearson Education, 2003 [8] Atrill, Peter, Financial Management for Decision Makers, Pearson Education, 2005 [9] Drury, J.C., A Study of Industry Financial Ratios, Management Decision; 19, 1, 1981

Narrative Frames and Ambiguity in Henry James The Turn of The Screw Es

Narrative "frames" and Ambiguity in The Turn of The Screw   Ã‚  Ã‚  Ã‚  Ã‚  Ã‚  Ã‚  Ã‚  Ã‚  Ã‚   Since it was written, Henry James' The Turn of The Screw has been acclaimed by numerous critics to be one of the most immaculate, engrossing and terrifying ghost stories ever produced. Harriet Waters Preston described it as, "a sheer mortal horror, like the evil dream of a man under the spell of a deadly drug"1, and Gertrude Atherton said, "[it] is the most horrifying ghost story ever written!"2 I will argue that it is the narrative frames enclosing The Turn of The Screw that are largely responsible for the reception the book has received. They serve two main purposes; one, to build up an element of suspense and tension before the governess's account actually begins, thus heightening the potential for horror and terror in the text; and two, to cast uncertainty on the reliability of the narrators and hence to increase the ambiguity and scope for interpretation of the text. In fact, I will argue that these frames do not assist the reader in interpreting the action, but are actually used by James to deliberately confound the reader and foster an ambiguous atmosphere. At first glance there appear to be three narrative frames surrounding the governess' account. At the outermost level we have the voice of the narrator. The narrator tells us of a time when they were one of several guests staying at the abode of a character named "Griffin". Whilst there, the narrator heard the governess's tale, as told by Douglas over a period of several nights. Although the narrator was not at Bly, nor did they take any part in the tale of the governess, it is the narrator's retelling of this story that the reader receives. Within this is the reading by Douglas, who ... ...: Macmillan, 1968). Troy, William, "The Altar of Henry James" in Tanner, Tony, ed., Henry James Modern Judgements (London: Macmillan, 1968). Endnotes 1 Gard, Roger, ed., Henry James The Critical Heritage (London: Routledge & Kegan Paul, 1968), pp. 333. 2 Ibid, pp. 361. 3 Sheppard, E. A., Henry James and The Turn of the Screw (Suffolk: Oxford University Press, 1974), pp. 17. 4 James, Henry, "The Turn of the Screw" in Hampl, Patricia, ed., The Houghton Mifflin Anthology of Short Fiction (Boston: Hougton Mifflin Company, 1989), pp. 617. 5 Ibid, pp 617. 6 Ibid, pp. 617. 7 Ibid, pp. 620. 8 Gard, pp. 275. 9 Hosking, Rick, lecture for English 1A: ENGL 1003, Flinders University, 12th March 1996. 10 Tanner, Tony, ed., Henry James Modern Judgements (London: Macmillan, 1968), pp. 33. 11 Sheppard, pp. 15. 12 Ibid, pp. 15.

The Most Deadly Drugs are Already Legal Essay -- Argumentative Persuas

This is your brain. This is your brain on drugs. Fried egg is probably the most influential commercial of our generation. We feared it, we laughed at it, some of us stopped eating eggs, and we made a lot of t-shirts about it. And who was scaring us? Who was so concerned about our health? Our loving friends: The Partnership for a Drug-Free America (PDFA). We used to watch those commercials and get all warm and fuzzy inside, someone out there cared enough about us to spend a lot of money on those frightening ads. Those good people down at the PDFA really don't want us using drugs. Or do they? The truth is, the Partnership for a Drug-Free America demonizes illegal drugs to protect the legal and profitable ones that kill more people. And this delicate maneuvering of the spotlight serves one purpose: to put a lot of cash in to the pockets of a few pharmaceutical, alcohol, and tobacco corporations. The tight-knit relationship between corporate drug peddlers and the PDFA is borne out most clearly by the organizations impressive list of funders. From 1988 to 1991, 54% of the $5.8 million the PDFA took from its top twenty-five contributors came from pharmaceutical companies. The other 46%? Largely tobacco and alcohol. Why are these huge corporations donating such large sums of money to the PDFA? Because they know that the PDFA strongly influences our conception of acceptability: Whatever drug the PDFA chooses to attack becomes a taboo, while drugs the PDFA chooses to ignore become a spotless joy. Because of this funding structure, even if the PDFA wanted to criticize the profitable drugs, it couldn't. Former Assistant Secretary of State for International Narcotics Matters Mathea Falco explains, It would be suicidal if the Pa... ...s, One of the reasons young people have no faith in what we say about drugs is because of the lies by people like the Partnership. (St. Petersburg Times, 1990) Corporations are making big bucks and children are dying. Instead of spending a billion dollars to spit nonsense into young minds, the Partnership should be informing them about the dangers of all drugs, illegal and legal, worthless and profitable. And instead of convincing kids that everyone who smokes pot is a crazy murderer, they should differentiate between drugs and admit that heroin is not the same as marijuana. Without the children's trust, the entire message is worthless. Next time you see an Excedrin commercial, a Just Say No commercial, and then a Miller Lite commercial, realize that they are all the same. This is your brain. This is your brain on the Partnership for a Drug-Free America.

Sport Should Be Compulsory at School

Sport Should Be Compulsory At School Imagine a school without sport, just school work the whole day, every week, every month and every year. How boring would that be and how will the students look? They would be obese, unhealthy and they tend to get weary and bored of school routine, and studies become a drag. Now, what will happen if sport was compulsory at every school? If sport was compulsory at every school, students would be healthy, active and have more concentration at school. They wouldn’t be sitting down doing work the whole day, but they would go out and play sport.They will have a break from work and have fun running around and playing sport. Then everybody would be healthy and fit. An obesity graph for children and adults has been growing in the past few years. Students may not know this but if you’re not fit and healthy when you’re young, you will be even worse health when you get older. Students would also learn to work as a team and cooperate with each other when playing sport. They can then also cooperate in class as well. A research showed that students participating in sports will have better academic performance than the ones who were not exposed to physical sports.Sport also seemed to give a boost in character building and preparing the children for student leadership boards. Outdoor sport allows students to breath in fresh air, which they might not get at home because they are expose to the television or the computer. Playing sport does not only give you better health and body, it also allows you to learn more skills and develop better coordination for the eye. Another benefit when you play sport is that you can experience both defeat and victory and accepting both as a part of life so that they are prepared for the real world.When your applying for a job, they would rather choose a fit person whose slightly less smarter than the obese one because when your obese people will think that you aren’t active and somet imes you will have to run around in the office for whatever reason and if you aren’t active then you won’t last very long running around. One the other hand the fit person can run around much longer because he is fit and much more active. Now that I’ve given all my reasons, I strongly recommend that you agree with me because those students are the future generation of this world.