Saturday, February 22, 2020

Professional Accountant and its Objectives Assignment

Professional Accountant and its Objectives - Assignment Example Evidently, accounting standards enhance the stakeholders’ decision-making activities by ensuring that the financial statements comply with the accounting standards. The corporate governance policies of the United Kingdom had changed after the Cadbury report. The Cadbury report emphasized that all financial reports should follow certain rules. The rules include the provisions listed in the Corporate Governance Code of the United Kingdom. The code strictly states that the United Kingdom publicly listed companies should implement all provisions of the code, especially in the preparation of the financial reports. The code prohibits the excesses of the board of directors and other parties within the organization (Solomon, 2011). Cynthia Jeffrey (2011) proposed that rules-based accounting requires that the business entities should comply with all corporate governance rules. Corporate governance includes the board of director’s strict compliance with social responsibility doctrines. Social responsibility includes ensuring all environmental protection laws are implemented. The rules include the procedures in recording business transactions. Rules must be followed at cost. There is no variation in the implementation of the rules. , International Accounting Standards Board Chairman David Tweedie insisted that the United States generally accepted accounting principles (U.S. GAAP) is basically rules-based accounting (Jeffrey, 2011). The United States accounting procedure is historically pegged on rules-based accounting. United States entities implemented the United States generally accepted accounting principles in the preparation of the financial reports. Currently, many in the United Kingdom and other countries use the principles described as international accounting standards in the preparation of their financial reports. The United States-based Financial Accounting Standards Board Chairman David Tweedie insisted that the United States generally accepted accounting principles (U.S. GAAP) is basically rules-based accounting (Jeffrey, 2011).

Wednesday, February 5, 2020

Managing Cahange Essay Example | Topics and Well Written Essays - 5000 words

Managing Cahange - Essay Example The resources within the surgery are fairly well supplied. There is a good system in place to keep the prescriptions secure. There is a fully computerised clinical system, to maintain appointments, prescriptions, consultations etc. The practice is almost paper free and working towards becoming papers less. There is an open surgery every morning, so that patients receive emergency care when it is needed. Drug clinics run every Thursdays to cater for the drug addicts within the area. The staff is bilingual which means that the practice can provide service to in different languages to a wide range of nationalities within the area. The practice receives additional income for filling in insurance forms and solicitor's reports. The reputation of the surgery locally means that patients are received by word of mouth and through it's central location. Weaknesses There are 2 floors, so the surgery would find it difficult to employ disabled staff due to the fact that they would not be able to travel up and down the stairs. The refurbishments on Earl's Court Road mean that more patients will be attracted to the area the surgery is in. Due to the size of the premises it is possible to offer complimentary therapies, which means additional services for our patients i.e. osteopath, homeopath, acupuncturist etc. There is no named person to check the stock, which leads to the surgery running out of stock. This also leads to confusion as to where the stock is. This uses up the reception staffs time which could otherwise be used dealing with patients queries. The surgery requires a new clinical software upgrade, to speed up service and...The Practice moved in to its location in 1990 and is being fully computerised since then and now is nearly paperless. Doctors and staff record all patients' data on the clinical system. The Practice linked to the STHA for Registration and Items of Service claims and Chelsea and Westminster Hospital for Radiology and pathology results. The Practice has monthly Practice meetings to deal with any matters of concern. To produce a SWOT analysis of the practice and its services involving and considering the views and opinions of the entire practice team and its patients. In order to determine future planning of the practice's services. The refurbishments on Earl's Court Road mean that more patients will be attracted to the area the surgery is in. Due to the size of the premises it is possible to offer complimentary therapies, which means additional services for our patients i.e. osteopath, homeopath, acupuncturist etc. There is no named person to check the stock, which leads to the surgery running out of stock. This also leads to confusion as to where the stock is. This uses up the reception staffs time which could otherwise be used dealing with patients queries. Due to the central location of the surgery the running costs are higher. The area provides patients with different cultural backgrounds which affects maintaining a high standard, because of the language differences. Change