Comparisons of Financial Ratios between IFRS and GAAP US Companies Many countries around the globe use the International Financial Reporting Standards (IFRS) as their preferred approach when it comes to financial reporting for their companies. Another financial reporting method that is commonly used is Generally Accepted Accounting Principles, also known as GAAP. However, GAAP is used for companies in the United States of America only. According to Bao et al. (2010), these two methods have some similar features and others that are not so much as they highlighted in their research that was published in 2010. The US Securities and Exchange proposed converting to IFRS from US GAAP on November 14, 2008. The compulsory transition will take effect in 2014, but companies are allowed to switch voluntarily from 2010. Therefore, this paper is a way to educate the companies on all they need to know by comparing these two accounting standards. The paper is, thus, a summary of the comparisons of the current ratio, asset turnover ratio, and debt-asset-ratio, as studied by Bao et al. (2010).   The IASB (International…

IS Strategic Plan One of the approaches businesses use to ensure that they achieve most of their goals and objectives within a specified time is through the development, and use of an IS strategic plan. An IS strategic plan is expected to outline various concepts related to the proposed project. This can include the estimated implementation time for the project. Therefore the company can use this approach to improve various processes such as project management and organizational management (Guimaraes et al., 2016). In addition to this, this research paper presents a detailed Information Security plan for Jimmy Beans. The company is expected to use the plan to improve its long-term goals, objectives, and achievement. Business Description Jimmy Bean is a well-known and common online based retailer company that deals in manufacturing wool and fabric as well as selling different garment. The company was founded in 2002 by a couple and has since then seen steady development and growth brought about by its exceptional performance and sales in the textile industry. Previously the company used different online platforms in making sure…

Burj Khalifa Burj Khalifa is an iconic destination in Dubai. For most people, it is a tourist destination and a great place to have fun. But for me, I have an emotional connection that dates back nearly ten years ago. My extended family loved spending time in Burj Khalifa. It was a lovely scene that would thrill even those who do not consider themselves fans of the outdoors. The play areas are magnificent, the shopping malls are great, and the environment is immaculate and lovely. For the largest part, I have always looked forward to visiting this place over the years, despite the many years I have been here and spent quality time with friends and family. Growing up, I always wanted to become a great swimmer. I loved watching people swim, but was frightened by the thought of getting inside a large water mass resembling the swimming pool. So, while I have admired people swim and enjoy themselves in pools and beaches, my fear of water had kept me away from swimming for nearly the whole of my childhood.…

Physical and psychological listening barriers What are the physical and psychological listening barriers Pierce faced during the presentation? Pierce had just returned to work from sick leave. His bad cold is still slowing him down. He has finally caught up with the backlog of work; he is preparing to go to lunch. Just then, Horton walks in for a presentation. The communication between the two is not efficient.  Pierce has physical and psychological barriers in his listening. The time barrier is concerned with emerging, effective, and speedy channels of communication. When communicating with clients, and the process is time overwhelming, it proves to be a barrier. In this case, the piercer was prepared to go for lunch; thus, the presentation wasted and held him for his plans. Information overload, when working on too many tasks, the brain is overwhelmed, and decision-making is interfered with. Information overload can make the employee feel unreasonably dazed and stressed up. Similarly, it makes someone more frustrated and give up easily and need more time to make a decision. In this case, Pierce has a…

Corporate Strategy: Vertical Integration and Diversification Corporate strategy, which involves the decisions made in an organization that maintains its competitive advantage both in its specific industry and in the markets, is vital for organizations. I got to learn a lot from the two main aspects discussed; vertical integration and diversification. It is important to note that all these are pushed by the need to grow, which mainly aims to increase a company’s profitability. Vertical integration is where a firm extends to produce its own inputs or own the means of supplying its end products or output. The concept underlying the need to integrate vertically is key to ensuring the success of the integration. Its basis is that a company needs to integrate if an activity’s in-house cost is less compared to the market cost. The other feature of corporate strategy is diversification, which means that a company has less than 70% of its revenue from one source. The other sources make the diversification related or a conglomerate depending on whether they are linked to the primary source. The core competence-…

What other topics would you have liked to have covered in this course? What other topics would you have liked to have covered in this course? The course has been an interesting one with varied topics; however, I would have liked to have covered other topics like problem-solving, communication, negotiation, and management competencies. I believe leadership is all about dealing with varied issues that, in most cases, are unforeseen; therefore, covering a topic that attempts to prepare leaders to solve these issues using the appropriate mechanism serves an essential purpose, especially with the right management competency. Nonetheless, communication and negotiation also serve a vital purpose in dealing with life issues. What reading did you find most interesting, and why? During my study, I found culture and leadership rather interesting, given its unique evaluation of how leaders attempt to change and manage organizational culture. Notably, organizational culture dictates the operations of a particular organization; therefore, perfect management of organizational culture ascertains maximum productivity in its operations. Again, culture assures consistency in operations. Any deviation may lead to unfathomable consequences such as…

      Capital transfer primarily occur through Direct conveyance in the closeout of bonds and stocks Transactions via budgetary intermediaries For instance, direct conveyance involves selling business-based stocks and bonds to investors who have a consistent cash flow and are ready to invest.   b) A market defines as a platform that allows interaction between customers and retailers at the expense of purchasing and selling goods and services. While physical assets markets focus on exchanging goods and services within a set vicinity, financial asset markets involve business between financial securities, as for our case, bonds, and shares. While the future market denotes contractual agreements for future business, the Sport market engages trading based on intermediaries for vital financial assets. On the same note, the money market represents institutions’ move to short-duration assets, while capital markets encompass long-duration loans and investments to the general public. Auxiliary markets involve market situations where companies offer invitations to the public to purchase shares and bonds. Whereas in the primary market is where the assets and bonds remain created for the initial phase. Conversely,…

American community I belong to the American community. I am born of American parents, raised in America, and have my home in America. As a part of this community, I am proud of the values and principles that bind us together in the spirit of progress and patriotism. We believe that every American is a free man, free to make his decisions, and express himself openly. Assertiveness and directness are some of the values we are proud of as a community. Equality eliminates segregation and division among us since we believe that everyone has an equal chance to do the things they want to do. I feel a deep sense of belonging as part of the American community. I am patriotic to our country and committed to the unity of my fellow Americans. Since I was born, I have co-existed among people from different races and backgrounds but have never loved to belong to any other community. I am an American by blood and love. I have also heard many things said about Americans, both good and bad. I take…

After-sales service Several factors determine business success. But the main factor is the ability to get and maintain a new customer. When the customers are happy, they will regularly purchase your products and even recommend your business to their friends. Research has shown that it is hard and expensive to get new clients. Hence, any business person has to win the customer’s royalty to grow in business. Especially for large companies, they need the clients for them to maintain their growth. Here is the list of the top five things a company needs to do to keep their customers happy. After-sales service Customers value how a company offers its services. Therefore, good customer services can help in maintaining clients. A company should try to offer their services differently than the competitor. The first service that can attract customers is the free shipping of goods. Large companies can have clients from different regions. The free shipping fee will bring customers closer to the business. The second after-sales service is educating customers on how to use your products. When a customer is…

Common Themes among American Literature American Literature is a collection of the English language expressions, scenes, sounds, and sayings, and some historical documents in written, spoken, or visual form. It portrays personal and general perception, awareness education, technology, ideals and attitudes, and other life-related issues in the United States. Sources can be accessed either in real-time such as during social, religious, and political functions, stage performances, and live streaming. Also, they can be stored, retrieved, and shared electronically. The sources include social media platforms such as Facebook, Instagram, and Twitter; electronic gadgets such as mobile phones, radios, television screens, and print media, which comprises books, journals, and periodicals. Much as literature is expressed differently, interpreted in various ways, is relative to a given context, and is specific to time, the primary sources of information reveal that authors, actors, and producers of different genres often have in mind an issue they want to address, a point they want to put across, an emotion to relieve and share, or simply a story to tell. The American literary compositions and documentaries are centered…