Thursday, December 19, 2019

Leadership Theory And Theory Of Leadership - 1346 Words

Leadership is a state of being a leader/head of a group of people, organization, and/or country. Ken Blanchard state that As leader, we hold the lives of others in our hands, and these need to be gentle, caring and always available to provide support (pg.2). Every leader has different styles or different ways of leading his people to achieve their common goal. This paper will talk about leadership theory and will compare and contract each theory from the each other. According to the readings, they discussed four theories of leadership, which includes Charismatic leadership by Jay A. Conger and Rabindra N. Kanungo, servant leadership by Robert Greenleaf , situational leadership II by Ken Blanchard, and finally the trait of leadership by ... In Situational Leadership II, ken Blanchard stated The leader has endured as an effective approach to managing and motivating people because it foster a partnership between the leader and the people that leader supports and depends upon. (Pg 3). T his theory focus more on a good relationship between a leader and his people to form a great teamwork or partnership to have a successful organization. Ken believed that when that bond is form between the leader and his subordinates, it brings about high level of development and most people are fully committed to their work, which at the end increase competence in their work and increase productivity. However it s the responsibility of the leader to have constant adjustment to his styleShow MoreRelatedTheories Of Leadership And Leadership Theories1234 Words   |  5 Pagesthat they lead. This case study aims to compare three of the more popular theories of leadership. These leadership theories are situational leadership, trait theory and transformational leadership. Summary of Theories Situational leadership, developed by professor Paul Hersey and author and consultant Ken Blanchard. Their approach was based off of a 1967 article by W.J. Reddin called The 3-D Management Style Theory. In his article, Reddin discusses the need to have different styles basedRead MoreLeadership Theory And Leadership Theories1659 Words   |  7 Pagesâ€Å"Leadership is not about a title or a designation. It s about impact, influence and inspiration. Impact involves getting results, influence is about spreading the passion you have for your work, and you have to inspire team-mates and customers.†- Robin S. Sharma. For decades, leadership theories have been the source of numerous studies. In reality as well as in practice, many have tried to define what allows authentic leaders to stand apart from the mass! Hence, there as many theories on leadershipRead MoreLeadership And Its Theory Of Leadership883 Words   |  4 Pages Leadership Leadership has been around for thousands of years, yet experts are still unable to agree on a universal definition. Perhaps it is because leadership is a complex, multidimensional concept that continuously evolves. Nevertheless, explaining leadership and its theories and approaches is a monumental task (Henman, n.d.). According to Day and Antonakis (2012), leadership is essentially an influencing process. Its effectiveness largely depends on leadership behaviors and followers perceptionsRead MoreThe Theory Of Leadership Theory940 Words   |  4 PagesChapter sixteen discusses various leadership theories which can implemented by leaders to achieve success. The choice of leadership theory differs from leader to leader as they possess different vision and way of managing. A theory isn t always perfect in itself, it is the endless effort of the leaders which makes the theory a perfect one. Two approaches of leadership that I prefer are Situational Leadership Theory and Servant Leadership Theory. Among many theories I prefer these two because I tendRead MoreThe Theory Of Leadership Theory868 Words   |  4 PagesChapter sixteen discusses various leadership theories which can implemented by leaders to achieve success. The choice of leadership theory differs from leader to leader as they possess diff erent vision and way of managing. A theory isn t always perfect in itself, it is the endless effort of the leaders which makes the theory a perfect one. Two approaches of leadership that I prefer are Situational Leadership Theory and Servant Leadership Theory. Among many theories I prefer these two because I tendRead MoreTheories Of Leadership And Leadership974 Words   |  4 PagesTheories of Leadership Introduction It is true that leadership and leadership theories in general, are not scientifically precise in nature. For example, some may argue that going into an apprentice program have a higher level of task-relevance education and/or experience in the field you choose. A higher relevance than a degree in Liberal Arts. Thus, one must evaluate the apprentice program and accept the responsibility of doing the apprentice work. A degree in Liberal Arts scientifically, isRead MoreThe Theory Of Leadership Theory1411 Words   |  6 Pages I do not believe that there is such thing as a correct leadership theory, there I said it, I’ve been holding it in an jesus does it feel great to get it out. Haha what I do believe in is awesome people, people who treat other people great and treat themselves and their business, foundation or institution great now that’s what I believe in. So in the sake of great leaders I will be taking on prompt number two and constructing my own theory by using 3 examples from the book and 6 sources that I willRead MoreSituational Leadership Theory Of Leadership1542 Words   |  7 Pagespowerful people? What do they have that the average person does not? Well, that answer is leadership skills. They did not know when they were born that they were going to become big leaders, but as they were growing up they learned what skills it took to allow them to become different from everyone else and become leaders. As we all know there is no magic when it comes to leadership. You either have the leadership skills or you don’t. While it is a learned behavior that begins at almost birth and isRead MoreLeadership Theories Of Situational Leadership866 Words   |  4 Pagesidea behind one of today’s most talked about leadership theories: Situational Leadership. The model, which celebrates a multitude of leadership styles instead of a single solution, has been considered a transformative and essential new way to manage and to lead. But what does it mean to be a situational leader? Is it always beneficial to change your approach to leading the troops? In this guide, we’ll examine the development of situational leadership, study its core elements and discover the qualitiesRead MoreSituational Leadership Theory Of Leadership Essay1214 Words   |  5 PagesSituational leadership can be defined as a concept that helps understand leadership in terms of changing environment. Situational leadership theory was developed in 1969 by Paul Hersey and Ken Blanchard. This type of leadership depends upon each individual situation. This theory requires an individual to analyze the needs according to a particular situation and then act towards it. Ability or maturity of the followers are equally important than leader who leads the situation. Situational leadership theory

Wednesday, December 11, 2019

Conceptual framework Australian Government

Question: Describe about the Conceptual framework for Australian Government? Answer: Introduction. Due to development of cross-border capital markets, it is imperative that the financial statement in various countries follows a single, high quality accounting standards that are being accepted worldwide. So the emerging economies have adopted the International Standards (IFRS) issued by the International Board (IASB) which controls the overall system of standards implementation around the world..(Maheswari, 2014) At their meet in the city of Norwalk located in Connecticut, USA on the 18th day of September2002, the (FASB) and the International Accounting Standards Board(IASB) gave their commitment to develop the standards in such a manner that they might be high in quality, also compatible with the accounting standards as it will be used internationally as well as self country financial reporting. here, the two bodies namely FASB and IASB made joined efforts towards such implementation (a) Implement the present accounting standards into the system of implementation of the new standards and (b) The future work programs that it could be maintained in the long run by the IASB and FASB together. To achieve compatibility, the FASB and IASB (together, the Boards) agree, as a matter of high priority to: 1) to have a program to remove the differences between U.S. GAAP and IFRS which are the International reporting standers for the financial reporting as followed by the company like Glaxo Plc, which include International Accounting Standards, IAS as well to be followed 2) Remove the various other differences between the operation of the US GAAP and IFRSs which would be sorted out by January 1, 2005, by coordination between both the Boards 3) Continue progress on the joint projects that they are currently undertaking, and 4) Also encourage the other bodies to form the part of this exercise to reduce the differences between these two accounting principles. These differences could be only reconciled from the support of the supporting bodies as discussed above. Most of the Asian countries like Malaysia India, Colombia as well as Russian and American countries like US, Japan and Russia have moved forward his step in the convergence to International Financial Reporting System to maintain the uniformity in the accounting system. Further, the Adaption of IFRS has also reduced the worries of the stakeholders regarding the True and fair reporting of the Accounts. Further, this will bring account ability and transparency to the reported figures of the financial statements of the Multi - national companies having Branches over India. So the branch accounts could be reconciled easily and there could be a proper analyses of the results by the users of the information in a proper way/ Issues Adressed In the recent figures and estimates it is suggested that much of US money is invested in the shares of the foreign companies. The investors in US also await opportunities for investment in the non-US based companies who often can use the International Reporting standards to prepare their financial statements. There are many companies around the world that follow IFRS and present their balance sheets accordingly with no scope for the reconciliation of US GAAAP to the IFRS and here is the area where the role of this article comes in to play and the challenge arises for the investors as well as the companies. (Tulsian, 2008) To assist investors and preparers in obtaining the skills to read multiple reports, this article would help to understand the differences between these two broad concepts and how to reconcile them and understand it as per the needs of the investors. In this article mainly the areas of differences that had caught enough of light and are significant for the investors are being dealt into so that these areas dont go uncovered. After the emergence of IFRS many companies had been instructed to follow the reconciliation principle with the IFRS standards so that they might help the user to compare the reports with ease. Apart from that there are many differences in the way the annual reports are prepared and they are presented to the stakeholders of the organization. The other areas of differences are the accounting principles that are followed for treatment of various items in the financial statements of the company under which alternative accounting treatments is possible. (FASB, 2013) IFRS 13 Fair Value Measurement: IFRS 13: (a) explains fair value (b) develops a framework that would help in finding the fair value (c) The required disclosures that are needed while measuring the fair value are also stated. IFRS 13 says that the fair value as the price at which an asset could be sold or a liability in an orderly transaction. It is just a market based measurement and helps to find the value of the asset, and never a measurement that deals with the valuation in accordance with the enterprise. There are some assumptions based on which whereby it considers the risks within the value of the asset calculated. This means that the value of the items would not be affected by time period for which an asset is held or liability is being held before payment and it would not affect the standard in any manner. These things needed to be kept in mind while measuring the fair value of the asset as per IFRS 13. (Tulsian, 2008) (a) the nature of the asset or liability that is measured (b) if the asset is a non financial one how can it be linked with other financial assets based on which it can be measured. (c) the place where the asset or the liability could be traded with ease should be identified as the market (d) the technique that should be used for valuation of the same (Tulsian, 2008) To increase consistency and comparability in fair value measurements and disclosures the standards create a hierarchy of 3 levels which consists of the inputs to the valuation of the assets as per the fair value principle. The hierarchy gives the highest priority to the price of the assets in the open market at which they can be or the identical assets or liabilities can be traded at which are called observable inputs and the least priority is to the unobservable inputs. . (Lefebrve, 2009) An enterprise should present information that would help the of its fair value information so that it can be assessed that (a) for liabilities and assets that are measured at fair value on a timely and regular basis . (b) for those assets which are being valued as per the unobservable inputs named as level 3 inputs and how they are uses to value the items should also be there. (Accountants, 2013) Fair Value v/s Historical Cost: Fair value accounting (FVA) is a method of valuing the assets on a market based rates according to IFRS 13 at the regular intervals whereas the current prices are given much importance for the valuation of the assets of the enterprise. (Tulsian, 2008) Accounting as per the fair value methodology is a concept that helps the companies to use fait value method for the purpose of accounting The fair value concept says that as soon as the value of the asset decrease or liabilities increase, it will be recognized as gains or losses under the head comprehensive income of the enterprise and will be treated as such. (Lefebrve, 2009) As the historical costs of the assets dont possess any value for the investors in the future decisions they are willing to take as they have no relevance to the buy, sell, hold decisions and are not useful for any decisions to be taken. So the concept of fiat value came in due to the relevancy of such information to the investors of the enterprise who can think after seeing the fair values and not the cost values. At the times of growth and deflation this method makes the annual reports much volatile than ever before and changes the picture of the financial statements(Lefebrve, 2009) Historical Cost Accounting: Shortcomings There are large number of issues in the historical accounting concept but one of the primary issue is that the true value of the asset is not demonstrated under this method as the assets are shown at irrelevant costs and the no comparability with the true market value could be achieved. Other issues are as under: (robins, 2001) The method is insensitive to changes in purchasing power of the currency, overstating earnings in periods of rising prices and understating the degree to which capital assets maintain their value. It assumes a concept of going concern which is impractical. Its not able to deal with complex accounting transactions as such as interest rate swaps obligations are there on the assets but it cannot be covered u under the historical costs method there. (F, 2006). The historical cost methods uses the subjective measures to account fall for the transactions and some judgments such as life of the asset, bad debt reserves, warranties etc. (AASB, AASB has approved four new Standards, 2014) Conclusion: Some of the factors, particularly the rules for taxation, make it difficult for some of the countries to wholly shift to the IFRS. It follows that when nations find IFRS concepts attractive, their approach towards IFRS implementation would be different from others because they are unable to change current rules to reflect the various provisions of IFRSs,or they are not willing to give up the basic local accounting rules to a privately controlled enterprise over which very little or no So it could be said that the implementation of IFRS would bring about lots of changes to the presenting accounting differences that are existing in the financial statements of the company as a whole which effects the decision making process of the country around the world. The impanation of the Global accounting standards will reduce the needed for the reconciliation of the information provided in the statement as per rule of accountancy. The convergence would rather remove the cultural differences in the accounting concepts and the users around the world are being treated at par. Therefore the countries adoption of IFRS would be a great change and positive change also towards the accounting world where the investors would be able to choose correctly by proper comparison of the financial statements This will be a more problematic case when economies mature as there will be a need of more information and such issues will arise and needs to be sorted out with ease. As both of the methods namely the fair value method and the historical method. As the financial problems asks for the clarity in the accounting principles so it is needed that the boards try to increase efficiency and transparency to the assumption and the disclosures that need to be implemented for accurate information to be provided to the investors.. The market and the accounting behavior is needed so that the desired clarity may be brought in the principles of accounting.(F, 2006). References AASB. (2014). AASB has approved four new Standards. Australia Government , 1-1. AASB. (2013). Amendments to the Australian Conceptual Framework. Australia: Australian government. Accountants, C. (2013). Conceptual framework. CA Australia new zealand , 1-1. (2014). Accounting for intangible assets and goodwill under IFRS. US: Power Brnd. By Gary Lasker, C. C. (2011). Comparing and Contrasting International Financial Reporting Standards (IFRS) and Generally Accepted Accounting Principles (GAAP). bassSolomonDowell , 1-1. E.M, B. (2004). Fair values finanacial statemnet volatility. CA , 1-1. F, A. (2006). Mark to Market Accounting liquidity Pricing. Centre for financial studies , 1-1. FASB. (2013). The Objective of General Purpose Financial Reporting. FASB , 1-42. Kov, Z. (2011). Accounting for Intangible Assets . In Z. Kov, Accounting for Intangible Assets (pp. 1-13). Czech Republic . Lefebrve, R. (2009). Fair Value Accounting. Issue In Focus , 1-22. Lightfoot, S. (2013). Research into the accounting for intangible assets. Chartered Accountants Journal , 1-1. Maheswari, S. (2014). IRFS Convergence. CA Journal , 1-1. robins, P. (2001). ACCOUNTING POLICIES CONTRASTED WITH ESTIMATION TECHNIQUES. ACCA , 1-1. Tulsian, P. C. (2008). Accounting Concept. Mumbai.

Wednesday, December 4, 2019

Night Chapter Summaries Essay Sample free essay sample

Chapter 1 Elie Weisel was born into an Orthodox Jewish household in the little town of Sighet. Because he was interested in larning the Kabbalah. Ellie got the chance to run into Moishe the Beadle. a foreign Jew who taught Elie the Zohar. the Kabbalistic plants. and the secrets of Judaic mysticism. One eventide. all of the foreign Jews were expelled and taken to a foreign land. As months passed. everything went back to normal until one twenty-four hours. Moishe appeared back into the town of Sighet. Having escaped his sureties. Moishe comes back to state his mortifying narrative and have on the remainder of the community about the Gestapo. Unfortunately. no 1 believes him. In the spring of 1944. small by small. the Hungrarian authorities establishes new regulations in Sighet to all the Jews. Finally. the Jews are taken into little ghettos surrounded by 19 foot barbed-wire fencings. They are happy at that place. We will write a custom essay sample on Night Chapter Summaries Essay Sample or any similar topic specifically for you Do Not WasteYour Time HIRE WRITER Only 13.90 / page but non for long because one twenty-four hours his pa receives the intelligence that they will all be acquiring transported to another topographic point where no one knew about. Ultimately. the twenty-four hours arrives where all the Jews must evacuate their places and leave the town. First. Elie’s household is taken off to another ghetto. but a few yearss subsequently. the cattle autos come and take them off. 1 ) â€Å"Jews. listen to me! That’s all I ask of you. No money. No commiseration. Merely listen to me! † -Moishe the Beadle weeps and pleads for the town to believe his narrative about the emptying of the Jews. but no one believes him. This line is really of import because it shows boding and dramatic sarcasm. 2 ) â€Å"The Bible commands us to joy during the eight yearss of jubilation. but our Black Marias were non it in. We wished the vacation would stop so as non to hold to feign. † -This line shows how the Jews started to lose hope and religion . and how fear started to take over. Chapter 4 A ) It proves that Night is a nonfiction novel because it presents a existent life character that he met in the Kommando. which he later brushs with. It is based on existent life people and existent events that happened to both of them. B ) Since Elie Wiesel was a subsister of the Holocaust. it sets the temper for the narrative more realistic. because his tone is really deep and fearful. He being a subsister and composing this book shows that he wants to talk for the lost 1s who can’t speak for themselves. He wants to portion his awful narrative to the remainder of the universe and want in return nil but regard for the subsisters and non-survivors. Undeniably. it makes him more dependable as a storyteller because he is saying his personal ideas the whole clip. which makes the narrative more interesting. C ) Knowing that Night is an autobiography makes the readers feel for him and all of the other captives. One takes the novel more serious because everything is really realistic and intense. Not to reference. really small colored information is present because he experienced the Holocaust so he tells what he lived through. D ) Wiesel’s tone is more unagitated and relaxed after the war when he is speaking to the Gallic miss. He uses the words beautiful. dreamy. and sweet. Those words were neer used when he was speaking about the Holocaust. Chapter 7 The captives are herded into the cattle autos and are being taken off to Buchenwald. The SS state them to throw out all of the dead people ; this made everyone sword lily because so they would hold more room. The workers would throw pieces of staff of life into the trains and that caused tonss of hungering work forces to urgently contend for spots of crumbs. Once. Elie experienced an emotionally scarring event. in which he witnessed a boy beat up his ain male parent for a piece of staff of life ; finally they both died. On the 3rd dark of their journey. Elie was awakened by two custodies strangulating him. and fortuitously. Meir Katz saves him. Afterwards. Meir Katz tells Elie’s male parent that he can no longer last. When they arrived at Buchenwald. 12 out of 100 captives were still alive. that included Elie and his male parent. 1 ) â€Å"Suddenly. the grounds overwhelmed me: there was no longer any ground to populate. any ground to contend. † -This statement made by Elie shows how hopeless he is. It shows how he is tired of contending for endurance andeventually making the breakage point. 2 ) â€Å"When they withdrew. there were two dead organic structures next to me. the male parent and the boy. I was 16. † -This statement is emotionally distressing because he witnessed a male parent and boy relationship fall apart with his ain au naturel eyes at a immature age.