Tuesday, May 19, 2020

Should Students Study Abroad - 1861 Words

Should Students Study Abroad? If you had a chance to get your dream job at a prestigious high tech workplace in the country, would you go for it? If you choose not to study abroad, you are choosing to commit career sabotage and saying goodbye to your job prospects. The phenomena of students leaving their home country to continue their studies else where is continuing to increase over the years. Even though many people disagree with studying abroad, claiming that it has many disadvantages, researchers are concluding that students that study abroad improve their academic performance and career opportunities. The Erasmus Programme (European Region Action Scheme for the Mobility of University Students) student exchange programme states, â€Å"survey results indicate that 92% of employers are looking for personality traits found to be enhanced by study or training abroad, such as tolerance, confidence, problem-solving skills, curiosity, knowing one’s strengths/weaknesses, and deci siveness† (ICEF). By studying abroad, I believe that high school or college aged students will increase cultural understanding, learn other languages, and gain skills and experience that will help them achieve their career and educational goals. In order to increase cultural understanding, I believe that it’s important to view foreign cultures hands-on with our own eyes, and to meet and interact with the people who live there. This is so much different than reading about history in a textbook. I studiedShow MoreRelatedShould Chinese Students Study Abroad?857 Words   |  4 PagesResponse to â€Å"Should Chinese Student Study Abroad† â€Å"Should Chinese Students Study Abroad† is an article written by James Huang, who is a Liverpool-born Chinese Christian with life in London as a trainee auditor.(â€Å"Should Chinese Students Study Abroad?†) The article could be divided into two big parts. On one hand, it describes the benefits of studying abroad, on the other hand, obviously, the disadvantages. First comes the benefits. Obviously, there are many advantages of studying abroad. As it isRead MoreCollege Students Should Study Abroad1687 Words   |  7 PagesStudents all across the nation are given a choice. They have a choice to continue on their education after high school, and they have a choice to go straight to the work field. We are faced with choices every single day, choices that will define us, and make us who we are. As college students we have the choice and the opportunity of a lifetime, and that is to study abroad. Studying in a foreign country benefits the students in many ways including the opportunity to travel the world, experience differentRead MoreWhy Students Should Study Abroad Essay1369 Words   |  6 Pages Today, the many different methods of educating students include, classroom learning, homeschooling, online learning, and studying abroad. Each method uniquely shapes and teaches students differently. Studying abroad and classroom learning, especiall y in America, hold factors proving beneficial to those pursuing their education. One reason why students should study abroad is because of academic opportunities the experience provides. Studying abroad allows them to explore and learn from themselves;Read MoreUniversities Should Require Abroad Programs For Any Majors833 Words   |  4 Pagesstated that institutions should require abroad programs for certain majors. â€Å"If we are going to offer a Global Business degree, then how is that global when students aren’t leaving the states?† She later followed up with the idea that any major should go abroad. She stated that some universities has even required that student do go a aboard sometime in their college career. That they come in as a freshman and they will pay as part of their tuition each year to pay for the abroad experience. Doing thisRead MoreThe Advantages of Studying Abroad Far Outweigh the Disadvantages1161 Words   |  5 PagesThe advantages of studying abroad far outweigh the disadvantages. Discuss In today’s world, a considerable number of students are not limited to study in their local countries. Instead, they choose to study abroad. This phenomenon becomes a trend especially in recent years. A variety of different attitudes have been come up with on both sides of the question. It is in this background that this essay begins by outlining the arguments for students choose to study abroad and point to the problems withRead MoreIowa State University Office Of The President1708 Words   |  7 PagesIntroduction Around 300,000 American students are able to partake in studying abroad each year (Klebnikov, Sergei). With over 7 billion people spread throughout the world we may think that experiencing places in our own county is seemingly impossible. However, today we have so many opportunities to travel the world as young people. Iowa State University has focused on giving students of all different backgrounds the ability to go out and experience the world. Analysis of Mission Iowa State UniversityRead MoreThe National Security Language Initiative For Youth938 Words   |  4 PagesLast semester I was in India with a study abroad program sponsored by the State Department. The National Security Language Initiative for Youth (NSLI-Y) was created in part to learn languages not often spoken in the United States but also to create cross cultural education and understanding. World peace can be achieved by broadening each other’s perspectives through everyday interactions. This idea forms an essential part of NSLI-Y’s mission: that we can improve understanding between our countryRead MoreStudy Abroad Influences A Student s Life From Personal Growth1244 Words   |  5 PagesSUMMARY The goal of this study is to see how study abroad influences a student s life from personal growth to academia. Personal experience,interviews and questionnaires show the broad benefits that SA trips give benefits which include personal growth, higher academic achievement, personal cultural awareness. Previous articles on this subject have come to similar conclusions and hinted at what more research would conclude. My research reiterated and reinforced the past research but also allowedRead MoreImportant Reasons For Studying Abroad836 Words   |  4 Pageslife and many people go to study to get successful life. There are students who study in their countries and they try to achieve their goals. Some students cannot get their goals in their countries and they have to stop studying because they get many problems like students cannot find their major in their countries. However, there is what called Study Abroad which is students attend in schools and universities outside their home co untries. Study abroad helps a lot of students to achieve their goals andRead MoreStudy Abroad Is Beneficial For All College Students Development1394 Words   |  6 Pagessignal to the reader how study abroad is beneficial to all college students development. The journals make it a point to say that the study abroad programs offered in universities are expanding and participation by students is increasing. Also stated, is professors that wish that their students who are excluded by their major from studying abroad to have a program that allows them to go abroad. This field of study is interesting because it positively affects the student s life afterward mainly

Wednesday, May 6, 2020

Essay on The Pros and Cons of the Internet - 1897 Words

The internet is a vast network of computers that connects many of the world’s businesses, institutions, and individuals. It allows millions of people throughout the world to send and receive messages to each other, share information, and play games (Naughton 4). It was initially designed to aid the government and help people expand academically, but it is now becoming more commercialized and used in ways that it was not made for. The thought of the internet was first introduced in 1960 when the United States Department of Defense was concerned about nuclear warfare and wanted to do what it could to protect America against foreign threats. With the help of the Advanced Research Projects Agency, the Department of Defense was able to link†¦show more content†¦Some people saw an opportunity to expand academically while others saw an opportunity to make money. The internet was going from a private sector of the government to a publicly used program. With the introduction of web browsers and the World Wide Web, a lot of entrepreneurs were able to launch their businesses online. These businesses were some of the most profitable businesses in the world during the 20th century but by the year 2000, a lot of the internet based companies had gone out of business (Gillies 245). The internet was becoming more than just a defense mechanism for the United States and way more than a business idea for entrepreneurs. As different types of computers were introduced and more and more people started using the internet, the functions of the internet also expanded. Like everything in life, the internet grew and evolved. There were more resources available for use and people started taking advantage of them. It slowly became available to the public and its functions rapidly grew. People were using it for various reasons and continue to do so today. Almost every household in the United States and many in foreign countries have access to the interne t and they all use if for different tasks. Today, tens of millions of people use the Internet. Whether it’s for business or multimedia, people log on to the web everyday. The most popular use for the internet is communication. Businesses, individuals, andShow MoreRelatedThe Internet : The Pros And Cons Of The Internet786 Words   |  4 Pagesboth pros and cons when there is a discussion about the internet. We can learn so much of what we can read on the internet. Which is great news considering most of us are using the internet. To prove my point we visit page 116 in the book The Shallows, the book supports our solution. Nicholas G. Carr discusses all about the internet in our generation and how we use it. He talks about the internet being beneficial for us to attain useful knowledge. He also discusses the cons of the internet in ourRead MorePros and Cons of the Internet2810 Words   |  12 PagesMinistry of Education and Science of the Republic of Kazakhstan Kazakh British Technical University English Language Department RESEARCH PAPER Pros and cons of the Internet HUM 317 Spring 2008 Advisor: Balia Jalgasbaevna Jolamanova Done by Tikhonenko Christina Temirbekova Kamila Nadyrova Farida Supiyeva Nargiza Sagiyev Yerkebulan Group Friday 13:00 Almaty 2008 Acknowledgements We thank all people who helped us in this work, especially BaliyaRead MoreCons and Pros of Internet16245 Words   |  65 PagesAccounting and Business Research, International Accounting Policy Forum. pp. 5-27. 2006 5 International Financial Reporting Standards (IFRS): pros and cons for investors Ray Ball* Abstract—Accounting in shaped by economic and political forces. It follows that increased worldwide integration of both markets and politics (driven by reductions in communications and information processing costs) makes increased integration of financial reporting standards and practice almost inevitable. But mostRead MoreEssay on The Pros and Cons of the Internet795 Words   |  4 PagesPositive and Negative Aspects of the Internet The new age of technology was born late last century in the form of the silicone chip. Since this early invention computers have progressed in leaps and bounds from the very basic early models to the now very complicated and very powerful computers of today. In between this growth the Internet developed into a mega market where billions of dollars are traded daily. It is a place where you can pretty much buy and sell anything you can think of. ButRead MoreThe Pros And Cons Of Internet Privacy1309 Words   |  6 PagesNow, the Internet is not only a way people access information, but also the net that connects them. People use it to communicate with friends and family, keep current events and shop online. The using of Internet sometimes involves personal data, triggers fraud and abuse. These are the reason people have laws to protect themselves. People now much more cherish their privacy, so the government takes the responsibility of establishing the Internet privacy law and devel op them. However, the legislativeRead MoreEssay on Pros and Cons of Internet1258 Words   |  6 PagesInternet has become new service for helping most of the time but, there are certain occasions where it becomes a nuisance The internet has become a very popular tool at the hand of every one who is a computer literate person of course, used mostly to get information, shop online and download files, music and so on. But while surfing the internet for appropriate or specific information, we often end up wasting time with unwanted jargons and reacting to scam. We shall discuss deeper into theseRead MoreThe Pros And Cons Of Internet Censorship1042 Words   |  5 Pagescomes in many forms and for a lot of different reasons but when it comes to the internet, for the most part it is beneficial. It can provide security for sensitive material. The things that minors are exposed to can be limited. Also you can make sure that it is not used to cause chaos. Furthermore it would seem to be a beneficial part of online life. It can provide security for important documents and conversations. Internet censorship can help with cyber security when important information or secretsRead MorePros and Cons of the Internet Essay1138 Words   |  5 PagesThe Internet is more popular today than it was years ago. As technology advances, the use of the Internet grows yonder and is an amazing addition in our lives. The Internet has been perhaps the most outstanding innovation in the field of communication in the history of humanity. It is a global meeting place where people from all parts of the world can collaborate. Additionally, it is a service available on the computer, through which anyone who has access to the Internet can receive. The InternetRead More The Pros and Cons of Internet Chat Rooms Essays834 Words   |  4 PagesThe Pros and Cons of Internet Chat Rooms Computers have affected our lives in so many ways. To the way we finance things, to the way we find our future significant other. The outcomes of computers probably happen with in the last five years, give or take some. It had made people become in love with being in a virtual world and new people. That now in â€Å"real† life the people do not know how to act around not virtual people. In this report I plan to take a look at the pros and cons of meeting/talkingRead MoreThe Pros and Cons of the Internet Essay example1156 Words   |  5 Pagesthese things is the internet and a common way it is misused is by way of plagiarism. Plagiarism is an act in which one person, in essence, steals the work of another and uses it for their own purposes (Cafferty, Serwer). It is an ugly act used these days for many purposes. Many students use the internet to get pre-written essays. Writers will use the internet for source purposes and forget to cite them or use parts of pre-written information. A student uses the internet to surf, looking

Lan Based Computerized Enrollment System free essay sample

This desires to simplify lives and perform more effectively, creates a new technology for improving lives within our society. Because needs exist, man developed and applied new technology to fill those needs. Technology is one of the tools to solve those problems. Man keeps on developing new technology. These new technology leads changes in the way jobs are being performed, but the changes present new problems which can be solved by much improving technological advancement and so computers are developed to deal with information needs and care. That is why Information Technology (IT) is so important in today’s world especially those involved in this field are full of determination in seeking new ideas in order for them to help our society. Enrolment involves the process of entering and verifying data of students enrolled in a particular school. It is a good idea to computerize an enrolment system of a school that have a big population of students since control system manages processes. We will write a custom essay sample on Lan Based Computerized Enrollment System or any similar topic specifically for you Do Not WasteYour Time HIRE WRITER Only 13.90 / page The common function of an Enrolment System is to store the data of the enrolee and to retrieve and update student’s information. Good Shepherd Academy is a promising Private institution in Primary and Secondary Education which emerged because of high standards giving the high learning needs of the youth in Oriental Mindoro. It is located at Poblacion II, Victoria Oriental Mindoro. It offers high school education from first year to fourth year. Good Shepherd Academy is a parochial school whose heart beats for the evangelization and social transformation. Enrolment System in Good Shepherd Academy is a system in which the person in accounting and registrar use a manual way of registration. They always encounter lost of records, too much paper works, slow processing of registration forms, and errors. Enrolment system stores details of students, courses, year, and section. In Good Shepherd Academy, the principal has the authority over all aspects of the matters regarding the school involvement. There are heads assigned in every subject in the school. The process of enrolment is very slow because of the queue and manual process. It may also be use as local assessment of the student fees. This research study expected to make a LAN-Based Computerized Enrolment System for High School Students in Good Shepherd Academy instead of their current enrolment system which is manual. It aims to provide an easy way of enrolment registration for the given respondent. Its aim is to enhance not only the way of registration in the said respondent but also to enhance the skills and knowledge of the users about the system. This study will help the Faculty and Staffs of the Good Shepherd Academy make enrolment easy by the help of the enrolment database system. The proponents gathered the inputs by information gathering through questionnaires and surveys. And after having the needed information, there will be an assessment to determine the problems and need of the company towards the proposed system. SCOPE This proposed system focuses only on the enrolment process and payment of fees which are parts of the enrolment process. It can also produce printed copies of the student payments and reports. There are also different accounts for different users of the proposed system to secure data in the database. Through this, any user will have only limited access to data stored in the system. The different accounts are composed of Admin, Registrar, and the Cashier. The Admin accounts have all the privileges and access of the entire system. While the Registrar is only responsible for the Information of the Student, and the Registration Card of the student and he/she cannot access the balance or the financial responsibility. The cashier can access the financial accounts of the student; he/she can change the discounts and compute the balance of the students.

Wednesday, April 22, 2020

SOLAR ENERGY -- THE ENERGY OF THE FUTURE About 47 Per Cent Of The Ene

SOLAR ENERGY -- THE ENERGY OF THE FUTURE? About 47 per cent of the energy that the sun releases to the earth actually reaches the ground. About a third is reflected directly back into space by the atmosphere. The time in which solar energy is available, is also the time we least need it least - daytime. Because the sun's energy cannot be stored for use another time, we need to convert the suns energy into an energy that can be stored. One possible method of storing solar energy is by heating water that can be insulated. The water is heated by passing it through hollow panels. Black-coated steal plates are used because dark colours absorb heat more efficiently. However this method only supplies enough energy for activities such as washing and bathing. The solar panels generate "low grade" heat, that is, they generate low temperatures for the amount of heat needed in a day. In order to generate "high grade" heat, intense enough to convert water into high-pressure stea m which can then be used to turn electric generators there must be another method. The concentrated beams of sunlight are collected in a device called a solar furnace, which acts on the same principles as a large magnifying glass. The solar furnace takes the sunlight from a large area and by the use of lenses and mirrors can focus the light into a very small area. Very elaborate solar furnaces have machines that angle the mirrors and lenses to the sun all day. This system can provide sizeable amounts of electricity and create extremely high temperatures of over 6000 degrees Fahrenheit. Solar energy generators are very clean, little waste is emitted from the generators into the environment. The use of coal, oil and gasoline is a constant drain, economically and environmentally. Will solar energy be the wave of the future? Could the worlds requirement of energy be fulfilled by the "powerhouse" of our galaxy - the sun? Automobiles in the future will probabl y run on solar energy, and houses will have solar heaters.

Tuesday, March 17, 2020

Free Essays on Little Secretaries

Look at our life today; look how it has changed. Just one hundred years ago we could see O’Henry’s little secretaries typing for ten hours a day. Weak and deprived of rights, they could be easily dismissed, experience sexual harassment or encounter health problems. They had nobody to be protected by, nobody to turn to. Dark rooms, bad air, and sitting for whole day. It was cruel, but innocent world. Hours, after work, spent in front of windows of an underwear store, cheap food and little dark rooms with gas lighting in the evenings. When she stepped outside her office, she forgot where she worked, she stayed alone with herself, she was on her own planet, she was in her own world. Today we can see the same girl in front of the same underwear store with a mobile phone in her hand giving orders to bank or suppliers. Life has changed. Rhythm has changed. Conditions have changed. For good or bad? Our little hero can’t be dismissed anymore, just because boss’s wife doesn’t like her. She can’t be forced to make things she doesn’t want to do. There are days when she works for 16 hours, twice more than she should, but she is paid for these hours. Her office is cozy, bright, and comfortable. She can be promoted. She can be sent to learn. She is protected and independent. But no matter where she goes with her mobile phone on her - it’s on. Always. We find ourselves today, at the beginning of the Twenty-first century, in bright well air-conditioned offices, protected by contracts in our pockets and by armies of different employees associations. We have become more productive with the help of personal computers, electronic mail, scanners, facsimile machines, and voice message systems. Our mobile phone can take us out of bed to solve urgent problems. â€Å"Super† clients can keep us at work on the birthday of our little daughter. Where is our privacy? Where is our real life? â€Å"Buying† rules have changed and so have â€Å"sellingï ¿ ½... Free Essays on Little Secretaries Free Essays on Little Secretaries Look at our life today; look how it has changed. Just one hundred years ago we could see O’Henry’s little secretaries typing for ten hours a day. Weak and deprived of rights, they could be easily dismissed, experience sexual harassment or encounter health problems. They had nobody to be protected by, nobody to turn to. Dark rooms, bad air, and sitting for whole day. It was cruel, but innocent world. Hours, after work, spent in front of windows of an underwear store, cheap food and little dark rooms with gas lighting in the evenings. When she stepped outside her office, she forgot where she worked, she stayed alone with herself, she was on her own planet, she was in her own world. Today we can see the same girl in front of the same underwear store with a mobile phone in her hand giving orders to bank or suppliers. Life has changed. Rhythm has changed. Conditions have changed. For good or bad? Our little hero can’t be dismissed anymore, just because boss’s wife doesn’t like her. She can’t be forced to make things she doesn’t want to do. There are days when she works for 16 hours, twice more than she should, but she is paid for these hours. Her office is cozy, bright, and comfortable. She can be promoted. She can be sent to learn. She is protected and independent. But no matter where she goes with her mobile phone on her - it’s on. Always. We find ourselves today, at the beginning of the Twenty-first century, in bright well air-conditioned offices, protected by contracts in our pockets and by armies of different employees associations. We have become more productive with the help of personal computers, electronic mail, scanners, facsimile machines, and voice message systems. Our mobile phone can take us out of bed to solve urgent problems. â€Å"Super† clients can keep us at work on the birthday of our little daughter. Where is our privacy? Where is our real life? â€Å"Buying† rules have changed and so have â€Å"sellingï ¿ ½...

Saturday, February 29, 2020

A Depiction Of Berlin In Robert Walser’s “Berlin Stories” and Walter Benjamin’s “Berlin Childhood Around 1900”

A Depiction Of Berlin In Robert Walser’s â€Å"Berlin Stories† and Walter Benjamin’s â€Å"Berlin Childhood Around 1900† Robert Walser’s â€Å"Berlin Stories† is a collection of vignettes that track his observation during his jaunts through the city. Walter Benjamin’s â€Å"Berlin Childhood Around 1900† is an attempt by Benjamin to recollect his urban childhood as an adult in exile. They both write about Berlin at the turn of the century but are able to produce images of the city that are at once captivating in their portrayal of a city in constant movement and honest in their dealings with the realities of modern life. In presenting Berlin as both a voluptuous giantess and a protective mother, the authors show that modernity can be both sensual and nurturing. In Walser’s â€Å"Good Morning, Giantess!† the titular figure is the city of Berlin: â€Å"The chest expands, the giantess Metropolis has just, with the most voluptuous leisureliness, pulled on her sun-shimmery chemise. A giantess like this doesn’t dress so quickly, but each of her beautiful, huge motions is fragrant and steams and pounds and peals.† (Walser 5) By likening Berlin to a giantess, Walser merges images of power and sexuality. The city steams and pounds and peals† but also expands its chest with a â€Å"voluptuous leisureliness.† Significantly, the giantess’ power is a mechanical power. Each of her motions â€Å"steams and pounds and peals,† invoking images of the modern factory, calling to mind Berlin’s namesake—Europe’s Fabrikstadt. Additionally, Walser points out that, â€Å"A giantess like this doesn’t dress so quickly.† The giantess Metropolis is slow and leisurely, and the language that Walser uses here even slows down the reader—â€Å"sun-shimmery chemise.† This language even extends to passages where Walser describes Berlin’s urban rush: â€Å"what a ravishing, beguiling haste can be seen in all this ostensible packed-in-ness and sober-mindedness† (11). By using sensuous language and a deliberate pace, Walser makes even Berlin’s hurriedness and crowdedness part of the city’s allure. However, Berlin, like a giantess, is frightening, even disgusting. Before the day breaks, â€Å"before even the electric trams are running,† Berlin is not a giantess, but a monster (3). Placing the reader in Berlin’s cold, early morning streets, Walser writes, â€Å"you trot along, rubbing your hands, and watch people coming out of the gates and doorways of their buildings, as though some impatient monster were spewing out warm, flaming saliva† (3). This disgusting image of a salivating monster deviates sharply from the image of a luxurious giantess slowly pulling on her chemise. This is because Walser is showing the reader the â€Å"dark side† of Berlin: the class divide. The people â€Å"coming out of the gates and doorways of their buildings† are lower class workers or, as Walser puts it, â€Å"people of no significance† (4). Walser contrasts these people with Berlin’s upper class, namely, â€Å"refined persons who make it a habit to arise late† and â€Å"the children of wealthy, beautiful parents† who are still asleep as the hoi polloi make their morning commute. Alternatively, in Benjamin’s â€Å"Berlin Childhood Around 1900† the city of Berlin acts as a surrogate mother. Benjamin calls the loggias in which he grew up while living in Berlin â€Å"the cradle in which the city laid its new citizen† (Benjamin 38). By merging images of Berlin with images of maternity, Benjamin introduces the city as a nurturer and protector. By carrying over images of maternity to a city as urban as Berlin, Benjamin is showing how memories of his Berlin childhood can be just as tender and innocent as â€Å"memories of a childhood spent in the country† (38). According to Benjamin, â€Å"The rhythm of the metropolitan railway and of carpet-beating rocked me to sleep,† and this imagery demonstrates Berlin’s ability to â€Å"nurse† young Benjamin in spite of its urban technology and elbow-to-elbow housing arrangements. Overall, Benjamin attempts to forge an image of the city that is nurturing and protective, despite i ts lack of rolling fields and lowing cattle. The juxtaposition of maternity and technology occurs later in the text when Benjamin describes the household telephone: â€Å"The night from which [the noises of the telephone] came was the one that precedes every true birth. And the voice that slumbered in those instruments was a newborn voice. Each day and every hour, the telephone was my twin brother.† (48) Here the reader encounters a young child’s wonder at modern technology, but, interestingly, Benjamin illustrates this by invoking images of maternity. Benjamin ascribes to the ring of the telephone the life-giving function which gives birth to both the voices on the other end of the phone call and young Benjamin himself. In other words, the telephone brings life into the home but also calls everyone within earshot of its ring into existence. However, in 1900, the German countryside had virtually no telephones while in Berlin these same devices were commonplace in middleclass family homes. By extending the maternal, life-giving language to the city’s technology, Benjamin establishing Berlin and its modernity as a city full of life. However, besides its ability to give life, the telephone also â€Å"multipl[ies] the terrors of the Berlin household† (49). The language that Benjamin uses to describe himself working up the courage to answer the phone as a child is fraught with violence and fear. According to Benjamin, â€Å"There was nothing to allay the violence with which [the telephone] pierced me,† shifting the image of the telephone from life-giver to violent penetrator (50). Earlier, Benjamin described the way the telephone slowly conquered his home, moving from a â€Å"dark hallway in the back of the house† to the front room, and now the phone has become a violating and intrusive presence (48). In this way, Benjamin paints an image of a modern childhood in an urban city that is nurturing and full of life but also filled with violence and fear in the form of technology. Between Robert Walser’s â€Å"Berlin Stories† and Walter Benjamin’s â€Å"Berlin Childhood Around 1900,† Berlin becomes both a voluptuous giantess and a nurturing mother. Berlin as giantess paints an image of the city that is sensual and leisurely, and Berlin as mother establishes the city as protective and life-giving. Of course, Berlin is far from a utopia, but these images transform what was at the turn of the city a dirty, overcrowded, and in many ways ugly city into a place that both of these authors is able to present proudly and lovingly to the reader.

Thursday, February 13, 2020

The effect of Value-Added Activity Based Costing and Economic Value Essay

The effect of Value-Added Activity Based Costing and Economic Value Added Measure and their impact on Process Improvement & Busi - Essay Example Though ‘True Cost’ in any situation is fraught with so many uncertainties, by and large the efforts made in its ascertainment paved way for efficient and alternative management practices with improved results. An introspective analysis might reveal that no Value Added Measure circumventing this basic philosophy can make a headway in process improvement or business profitability, for the simple reason that all the value added measures hinges primarily on productivity, which could be addressed properly only through revisit of the approaches to the ‘value’, which predominantly depends on reasonably accurate calculation of the cost of production. Economic Value Added Measures Economic value addition (EVA) is generally discussed with reference to the financial performance, and acts as a complementary tool in the measurement of the performance in a broader perspective, keeping in line with the expectations of the stakeholders, where the finer details of the cost i s not perceived as important as in the case of management practices of ABC. ... iency in the operations, EVA needs to be integrated with ABC in the long run, because the later is related to the factors not directly related to ‘cost’ but scores of other factors such as alternative investments, competition, government policies and international events, which nevertheless influences cost. Cost Management Cost management is the basic underlying factor for the success of a business. Hilton, Maher & Selto (2008, p. 5) states, â€Å"Cost management is important to organizations because it is more than measuring and reporting costs that have occurred. Cost management is focused on the future impacts of current or proposed decisions. Cost management is a philosophy, an attitude, and a set of techniques to create more value at lower cost†. Computation of direct (or variable cost) of material or labor is relatively simpler. But, in the modern business enterprises and in the society, the increase in the proportion of other costs over the period of time w hich hitherto have been considered as fixed and uncontrollable assumed significance, since the controllability of such costs could not be overlooked in a competitive environment. Vazakidis, Karagiannis & Tsialta (2010, p. 382) state, â€Å"The use of this method [ABC] with the cooperation of new technologies and new methods of management, can resolve all the deficiencies of Public Sector, so as citizens and companies will be better served†. Fundamentals of Activity Based Costing Hilton, Maher & Stelto (2008, p 148) state that â€Å"Studies of company practices indicate that a large number of companies, as well as some organizations in the public sector, are using ABC. Some companies have tried ABC and dropped it. Reasons for this include its implementation cost. In the case of Hewlett-Packard division that one