Foundations of Financial Systems Essay

for its specific industry (NetMBA, n.d.). Accounts will vary according to the organization. Many organizations may now use accounting software to aggregate information into their financial statement (Accounting Tools, n.d.). The chart of accounts is important because an organized list of accounts data lays the foundation for keeping track of any transactions going in and out of the organization and provides the status of the accounts to those making decisions internally…

The Financial Accounting Standards Board (FASB) has been the assigned organization in a private sector for establishing standards. These standards are important to be useful because it allows investors to make informed decisions. Financial information must be reliable, consistent and transparent. Transparency refers to high-quality financial statements that are clear and easy to understand. Being transparent in financial reporting allows investors, creditors and the market to properly evaluate…

Xanadu is a third world country that has recently gained independence from its former mother country. As the financial advisor for Xanadu, I suggest communism as the economic system to bring this very under developed country into prosperity. Since they have only recently gained independence it will be easier for them to transition to a strong government. The people of Xanadu have no experience with democracy and therefore will be able to fully appreciate having a very elite few handling all of…

c. Structure d. Systems e. Shared values Analyse the impact of each influence (as above) on the organization. Assess the consequence of each impact as they apply to the organization. The answer: My analysis of Aetna (Inc), using a SWOT model includes a. Skills: —Strengths: Aetna has developed innovative and tailored products and service solutions to place them at number one in the health care industry. Improving their customer services training and developing their feedback system has…

us the way we do business is just as important as the business itself. All of us here at McKesson are working toward a common goal; to advance the health care system for better health to all. We have a set of ICARE shared principles that act as a unifying set of values to guide us in our mission. The company-wide values are the foundation of our reputation as a trusted organization that goes the extra mile to give our customers’ success. Our core principles are: integrity, customer-first…

Financial services and related services industry is arguably one of the most regulated industry, with very high level barriers to entry for a new kind service or new technology. Even though highly regulated, these services have always been in shades. In a survey, by PwC they found a shocking fact that banking, capital market, investment management and financial services had over 45-50% had economic crimes during the period of the survey(PwC, 2014b). Internet revolution has enticed us to get…

support systems are essential tools in the US, Europe, Australia, Canada and New Zealand but some barriers do not allow the adoption of these tools, EMR systems Information technology provide many benefits among physicians clinical practices, for example, reducing medical errors, increasing physicians productivity, and reducing patient costs However barriers to IT implementation are also well known within healthcare providers, some of them are the lack of financial support, complex systems…

Meritocracy in its purest form is a social system that gives the greatest power and highest social positions to people with the most ability, where the talented are chosen and moved ahead on a basis of their achievements. It filters people based on capability and flair rather than on class privilege or wealth. In the context of Singapore’s education system which is known to be meritocratic in nature, students’ capabilities are assessed through national examinations. Students are streamed into…

differentiate by tax exemptions and the utilization of profit margins. In conducting an analysis on one provider from both for profit and nonprofit, I chose the Community Health Systems and Kaiser Permanente. Both organizations are at the larger end of the spectrum in their respective business classification. Each organizational foundation presents strengths and weaknesses from a patient, provider, administrator and third party payer’s perspective. In identifying the weaknesses there is…

It look as if normal in Tanzania to notice people living in electrified fenced buildings with fire-armed guards, equipped while patrolling to protect them. The security systems protect the multinational corporations who own the state’s fund in the similar manner. The difference between the rich and the bottom poor in cities and in rural areas remains noticeable (Nuhu, 2014; Winks, (2011). My own view, however, is that the…