Sunday, February 23, 2020
I will upload the instruction Coursework Example | Topics and Well Written Essays - 750 words
I will upload the instruction - Coursework Example Our mentorship program led us to do some socially responsible work with the program focusing primarily on hand hygiene. Mentorship programs serve several purposes. Some mentorship programs are designed to develop new skills and nurture existing skill prowess. Additionally, mentorship programs play a variety of roles in introducing new nurses to the field. Mentorship programs can also be designed to build the confidence levels of mentees as well as offering the much needed guidance and direction to novice nurses. The mentor is usually the expert and his or her primary role is to give the nurses a new and exciting outlook on their career. Mentorship programs have been recurrently seen as definers of a mentees success in the field. Mentorship programs, for instance, focuses on several goals. The major goal of mentorship is to achieve the expected goals or anticipation from the mentorship program. For instance, if a mentorship program seeks to build on registered nurses confidence levels, the primary goal or objective for such a program would be more confident mentees. Other goals of mentorship include teaching, skill improvement, firsthand experience and establishing various role models for the nurses (Grossman, 2013). As such, mentorship also centers on creating solid foundations for the nurses, creating a better opportunity for them to derive satisfaction from their careers. The main objective of our mentorship project was to contribute to the society by helping them reduce cases and incidences of contracting ailments. The mentorship program was designed to enable mentees to mentor other children as well. This is part of the social responsibility of the hospital, proactive measures towards health restoration. The program was designed to reinforce the need for washing hands recurrently to avoid germs and bacteria that cause diseases. The project gave all nurses a chance to interact with the children and mentor them into achieving good health.
Friday, February 7, 2020
Activity Based Costing vs.Traditional Approach (Sober Plc) Essay
Activity Based Costing vs.Traditional Approach (Sober Plc) - Essay Example Financial information forms the basis for much of the decision-making for organizations, and the need for more accurate information continues to grow. Ignorance of the manufacturing realities may put an organization at risk of losing its competitive edge, which inevitably results in loss of profitability and crippling losses. Traditional volume based costing techniques present numerous challenges to organizations, especially in the modern manufacturing environments, where the overhead costs continue to rise. In addition, introduction of new technological advancements in the production processes invalidates traditional cost allocation mechanisms and articulates the need for organizations to switch to new and more market aware costing systems. This paper discusses traditional versus activity based costing with regard to a case on a global motorcycle company currently in a managerial stalemate over the most appropriate costing method. Introduction Traditional costing techniques can be h ighly misleading in their estimation costs of particular products, markets, or organization activities. Traditional approach to allocation of overheads is blind to the factors that drive costs, which are known as cost centres in activity based costing (Luehfing, 2005). ... Background to the Case The senior management staff at Sober Limited engages in a heated ideological standoff because of different viewpoints regarding the appropriate accounting policy for the company. The finance manager proposes adoption of a new costing system, which is activity based costing (ABC), and highlights the fact that the method can prove that the production of one of the companyââ¬â¢s primary products, Fireball motorcycle, is no longer profitable, and in fact eats into the companyââ¬â¢s profits from other segments. The chairman, critical of activity based costing and favourably predisposed towards traditional costing methodology, expresses his confidence in existing costing methodology, which shows that the production of Fireball is still a viable and profitable option. In addition, the chair claims that the use of activity based costing will only result in unnecessary cost overruns for the company. Analysis of labour hours and ABC in the context of Sober Public L imited Company Sober uses traditional volume based absorption costing to allocate overheads. The company allocates overheads according to the number of labour hours, although sweeping technological changes have put serious credibility as to the relevance of the use of labour hours to allocate costs. The company has had to reduce the size of the workforce due to the introduction of new manufacturing technology. New and more fitting cost drivers than labour hours are now available, and they include deliveries to retailers, set-up costs, and purchase orders. The company seriously considering and questioning the appropriateness of traditional cost allocation methods for overheads in the fundamentally altered manufacturing and market environments. The company sells the motorcycles globally, and the
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