Free Essays on The Explosive Child

Ross W. Greene characterizes a resolute hazardous kid as a youngster who can't â€Å"shift apparatuses and think plainly amidst frustration†(Greene 1998). His book The Explosive Child is a book that gives numerous instances of various youngsters who in circumstances are IE. The book is a decent apparatus for guardians or individuals who work with kids who need assistance with regards to managing resolute and touchy youngsters. The models he gives all through the book are acceptable when attempting to perceive what will and what won’t work for the individual youngster. Giving in to these IE kids isn't what Greene says in the book. I believe that the primary thought that Greene is going for is that as a parent you have to choose what to make the issue of, realizing that it may prompt an emergency. As an advisor a determination of and IE youngster may be troublesome in light of the fact that the kid may have an emergency before they even get to the therapist’s office. The TAT is a test that may be useful when diagnosing the kid. Tuning in to the narratives that they tell can give understanding into what the youngster feels, and potentially to why they act in the manner they do. The Explosive Child is a book that is useful for guardians, educators and even advisors. It has great data, and clarifies how these troublesome youngsters can be managed. This book is useful for any individual who works with youngsters. It could be a decent asset for guardians also. They have to realize that their kid isn’t the one in particular who is firm and explosive.... Free Essays on The Explosive Child Free Essays on The Explosive Child Ross W. Greene characterizes an unbendable hazardous youngster as a kid who can't â€Å"shift apparatuses and think plainly amidst frustration†(Greene 1998). His book The Explosive Child is a book that gives numerous instances of a wide range of kids who in circumstances are IE. The book is a decent apparatus for guardians or individuals who work with youngsters who need assistance with regards to managing unyielding and dangerous kids. The models he gives all through the book are acceptable when attempting to perceive what will and what won’t work for the individual youngster. Giving in to these IE kids isn't what Greene says in the book. I feel that the primary thought that Greene is going for is that as a parent you have to choose what to make the issue of, realizing that it may prompt an emergency. As a specialist a conclusion of and IE youngster may be troublesome on the grounds that the kid may have an emergency before they even get to the therapist’s office. The TAT is a test that may be useful when diagnosing the youngster. Tuning in to the accounts that they tell can give understanding into what the kid feels, and potentially to why they act in the manner they do. The Explosive Child is a book that is useful for guardians, educators and even specialists. It has great data, and clarifies how these troublesome kids can be managed. This book is useful for any individual who works with kids. It could be a decent asset for guardians too. They have to realize that their kid isn’t the one in particular who is unyielding and explosive....

Sea lice an Example by

Ocean lice Ocean lice are scavanger parasites of the copepod family Caligidae, which cause contamination in wild and homestead fish particularly salmon. It is an extraordinary reason for worry for the fish ranchers since ocean lice disease can actually take steps to clear out the entire fish populace if this parasite gets an opportunity to flourish well. Right around nine, or as per a few sources, in excess of nine types of ocean lice are available out of which two exceptionally normal are Caligus elongatus and Lepeophtherius salmonis. Around fifty distinct types of marine fish are accepted to have the Caligus elongatus specie of ocean lice alone. Salmons and related species like rainbow trout and so on are tainted by Lepeophthelius salmonis. Seal lice are generally basic in ocean water and it is accepted that they can't endure extremely low salinities, anyway low salinities may not be appropriate for some fish either. Need paper test on Ocean lice subject? We will compose a custom paper test explicitly for you Continue During the beginning times of the existence pattern of ocean lice, when they are in the phase of naupii, they are non-parasitic and can't join themselves to the fish. In any case, during the last stages, when ocean lice have achieved portability they are equipped for making unreasonable harm the body of the fish as parasites. A scope of indications of the contamination are unmistakable on the assortments of the fish including dark spots, sores, brought insusceptibility and expanded powerlessness down to different diseases. It is accepted that L. salmonis causes more harming contamination than C. elongatus. Ocean lice control in fish ranches (particularly salmon aquaculture) ought to be directed subsequent to talking with the homestead veterinarian. Explicit logical checking projects ought to be created. The projects ought to completely consider the recurrence of observing required, the quantity of fish and pens to be checked each time, guaranteeing negligible worry to the fish while checking and evaluating harm utilizing sore record and the quantity of tainted fish as premise. Examination of the checking group will give the premise of treatment whenever required by any stretch of the imagination. In the event that any specie of ocean lice is found by the checking group, (anyway just the two previously mentioned species are most ordinarily recognized), at that point treatment is fundamental to keep the lice from making enormous harm the produce of the ranch. Prepared staff and proper gear are required for a powerful control program. Chemotherpeutants utilized for treating the fish disea se, extend from topical showers, including organophosphates and pyrethroids, and feed medicines which incorporate avermectins and benzoylphenylurea. References Irritation Management Regulatory Agency. (2003 March) Fact Sheet on Integrated Pest Management of Sea lice in Salmon Aqua culture. Recovered April 11, 2008, from http://www.pmra-arla.gc.ca/english/pdf/truth/fs_ipmsealice-e.pdf

10 Books to Read Before the 2018 Oscars

10 Books to Read Before the 2018 Oscars This was an exceptional year for film. Every opening seemed to offer a cultural antidote to the headlines; wildly entertaining films imploring us for change, compassion, and understanding. Naturally there was a healthy body of literature behind each of them. So while we wait for the best picture to be announced, here is a tailored list of books to read before the Oscars: Get Out:  The Dutchman and the Slave by Amiri Baraka Jordan Peele’s directorial debut will remain one of the most influential American horror films. An obvious influence was Amiri Baraka’s one act play The Dutchman. Both works stem from the constant anxiety of existing in a white supremacist society, and both approach the topic with nuance, humor, and terrifying conclusions. Honourable mention: The Stepford Wives by Ira Levin Lady Bird:  The Dud Avacado by Elaine Dundy The influence of Dundy’s novel on Greta Gerwig’s film has already been addressed in numerous outlets, including this one. Lady Bird and Sally Jay Gorce are impulsive, affectionate, and gravitate towards an imagined bohemian life. When absorbing the two works in tandem, you begin to understand the characters are almost the same person. Call Me By Your Name:  Long Red Hair by Meags Fitzgerald The brilliance of Call Me By Your Name is that it celebrates sexuality at the most perilous age. Maegs’s  Long Red Hair does the same, a comic that treats adolescence with gravity and sentimentality without sacrificing a unique artistry. I, Tonya:  Women on Ice: Feminist Essays on the Tonya Harding/ Nancy Kerrigan Spectacle edited by Cynthia Baugman There is no good way to approach ice skating’s most famous scandal, over-historicization being one of the problems. Yet this essay collection is an excellent introduction to understanding the nuanced and wildly f*cked up saga of Tonya Harding. Dunkirk:  The Great War by Joe Sacco Christopher Nolan and Joe Sacco faced the same artistic problem: how do you translate the extent of suffering in war? How does one convey the seemingly never ending horror of a battlefield? Nolan’s answer was 70mm film and grand, long shots of displaced hopeless soldiers. Sacco’s answer was a single comic page that stretches for eight meters. Honourable mention: Goodbye To All That by Robert Graves Three Billboards outside Ebbing, Missouri:  The Lieutenant of Inishmore by Martin McDonagh It’s baffling to see a Martin McDonagh work be considered by the typically stuffy Academy. It becomes even more baffling once you go through his stage works, which, like Three Billboards, operate exclusively in high-stakes extremes. After reading The Lieutenant of Inishmore you realize that Three Billboards, for all of its casual racism and crotch kicking, might be the most mundane of McDonagh’s controversial cannon. If you need more convincing, just image search the play. The Shape of Water:  The Book Of Lamentations  by Rosario Castellanos One of Mexicos most acclaimed authors, Rosario Castellanoss body of work concerns compassion, state authority, resistance, and horror on scales both national and private. The comparisons to Guillermo del Toros canon are immediate (works set in civil wars, perspectives of children and romantics, etc.).  Lamentations,  while lacking the magical fish-man qualities of  The Shape of Water,  still holds parallel ideas of how power over others can manifest, and how love holds its own startling ideas. Darkest Hour:  Churchills Secret War  by Madhusree Mukerjee Darkest Hour  was the distillation of Churchill to his Nationalist and stiff upper lip quirks, a character that has been fictionalized to excess. However, now that   publishers are more accepting of revisionist histories, we are able to examine Churchills colonial atrocities and gain a deeper understanding than what the movies provide (notable exception is  A United Kingdom  where Winnie is  the villain). Mukerjees work is part of a wave of literature seeking the de-mythologize Britains colonial rogues. It was a toss up between this and Shashi Tharoors impeccably titled  An Era of Darkness. Phantom Thread:  A Breath of Life  by Clarice Lispector The Brazilian author unpacks the relationship between male artist and muse in such an intelligent and effortless way that to compact it into a paragraph description feels insulting. Phantom Thread, a film that takes all the myths of Male Genius and tosses them out, feels like a single chapter of Lispectors masterpiece on women, the composition of art, and the toxicity of those relationships. The #TimesUp and #MeToo Movements:  Take It As A Compliment by Maria Stoian The chatter of who is going home with a statue seems so juvenile compared the larger conversation happening about sexual misconduct. The perfect chronicle of abuse is Stoian’s illustrated masterpiece. It is a thoughtful, beautiful work that is the perfect answer to anyone who might doubt the  importance of the #MeToo movement. If you think I missed a few titles or are offended I didn’t include a companion work for The Post, find me on twitter.

The Harmful Effects of Deforestation Essay - 1942 Words

Deforestation has caused many huge impacts on the environment and we should cease the logging and burning being done to it. Forests account for most of our global changes that have been happening recently, since they act as the lungs of the earth. The great loss of them has caused there to be a steadily growing amount of carbon dioxide as well as other greenhouse gases. â€Å"Deforestation has such a massive effect on climate change that Indonesia and Brazil are now the third and fourth largest emitters of carbon dioxide on the planet.† When rainforests are logged or burnt, large amounts of carbon dioxide are spread into the atmosphere, adding to global warming. Most people don’t even know that rainforests are being harvested as quickly as†¦show more content†¦Ã¢â‚¬Å"Brazil and Indonesia, which contain the world’s two largest surviving regions of rainforest, are being stripped at an alarming rate by logging, fires, and land-clearing for agriculture and cattle-grazing.† Logging the rainforests for a cheaper non-domestic source of beef for food chains such as McDonalds is not fair for the wildlife that now has to relocate to somewhere else in the rainforest, and some of the older or weaker animals burn in the fires when they burn some parts of the rainforest. Along with the loss of rainforests comes climate changes for those regions as well as a global difference in air temperature, ocean streams, air currents and the water table, which is either triggered to overflow or dry out due to how the rainforest used to support the water table. Soil that once held roots can now erode away, since the ground becomes less stabile, and on hills can become mudslides. The soil also loses some of its nutrients with the loss of trees and indigenous plants. The symbiotic relationship between the plants, animals and soil quality are directly related and with the logging, burning and harvesting of wood the native species have to relocate to other parts, leaving the otherwise rich soil toShow MoreRelatedDeforestation Essay1071 Words   |  5 PagesIs Deforestation Worth It? One of the most prevalent issues in our world today is the issue of deforestation. Deforestation can be described as â€Å"the practice of clearing the natural forests for agriculture, logging, etc.† (Deforestation Statistics). After hearing the definition of deforestation, most people would not find this to be a very significant issue in the world, but after hearing the alarming statistics associated with deforestation, most would change their mind. For example, arguably theRead MoreDeforestation: A Major Reason for Global Warming753 Words   |  3 Pages Topic: Climate Change Research question: How is deforestation a major reason for global warming? Deforestation is cutting down of trees for some purpose (furniture). It is very harmful for everybody as it causes landslides, earthquakes and many more problems†¦Ã¢â‚¬ ¦.Deforestation is a major cause as it also causes the main problem global warming. Global warming is an increase in average temperature of earth’s atmosphere. Deforestation also helps the greenhouse gas to spread (increase).Greenhouse gasRead MoreClimate Change : Global Warming1197 Words   |  5 Pagesover the world for the past few years. Reasons of global climatic change ïÆ'Ëœ Global warming is one of the major reasons in marine pollution. For an instance in year 2010 there was an oil leakage near Mumbai in Arabian Sea. ïÆ'Ëœ Another reason is deforestation. ïÆ'Ëœ Automobiles release the un burnt carbon monoxide due to which ultraviolet rays got a way to enter into atmosphere. Consequences for the global climatic change ïÆ'Ëœ Hurricanes have become very frequent now-a-days, which causes heavy loss. ïÆ'Ëœ GlaciersRead MoreEffects Of Deforestation On The Environment1389 Words   |  6 PagesDeforestation is one of the many problems this world faces today. Many people are unaware of how harmful deforestation can be towards the environment and the animals that inhabit the area. Many people don’t even know what deforestation is and that it’s actually happening. To sum it all up, deforestation is the process of destroying forests by cutting them down or burning the trees down, destroying hundreds of acres in order to make more land available for other uses thinking that the benefits outweighRead MoreDeforestation of Our Rainforests931 Words   |  4 PagesThe most destructive and harmful tragedy that our rainforests, specifically the Amazon, suffer from is deforestation. Deforestation is the clearing or destruction of land throughout forests. Unfortunately, human beings are the number one cause of deforestation throughout the world. The reason if this is simply becau se we use the wood mainly for things like hydroelectric dams that power communities, palm oil for its biofuel resourcefulness, and the mining for diamond and gold. Another reason wouldRead MoreEssay on Effects of Deforestation781 Words   |  4 PagesEffects of Deforestation The subject of deforestation and the effects that it has on the environment have been heavily debated for a long time; particularly over the last few years. Governments and large lumber companies see large profits in the mass deforestation of forests and state that their actions are having few, if any, harmful effects on the environment. Most people disagree with this and think that the environmental effects are devastating and will become irreversibly disastrous in theRead MoreAnimal Endangerment And Extinction Of Habitat925 Words   |  4 PagesI. Animal Endangerment/Extinction II. Abused/Abandoned Animals III. Over Farming/Land Misuse IV. Environmental Pollution V. Deforestation I. Animal Endangerment/Extinction A. Destruction of Habitat B. Pollution C. Hunting and Fishing II. Abused/Abandoned Animals A. Confined, Major Culprit Climate Change B. Huge Amounts of Manure, Pollutes Soil C. Dead Animals, Pollutes the quality of life for individuals who live close. III. Over Farmed/Land Misuse A. Soil Erosion B. Land Degradation CRead MoreDeforestation Essay1175 Words   |  5 PagesOctober 2014 Detriment of Deforestation Image a planet without trees. This is a scary planet where the temperature is very hot and the air is very difficult to breathe. This planet will have nothing to protect people from the sun, nothing to slowdown the forces of the wind, and nothing to anchor topsoil from eroding in the rain. The conditions at this imaginary planet can become our reality on earth if we do not stop deforestation. There are many negative effects of deforestation. However, for the scopeRead MoreClimate Change : Causes And Effects934 Words   |  4 Pagesaffect climate change in different ways, three main ways that humans caused climate change is deforestation, greenhouse gases and Agriculture. Deforestation causes change to the landscape and changes to surrounding atmosphere. Trees take in carbon dioxide and converts that into oxygen and then that is released into the atmosphere that is used by all the organisms that us oxygen. In fact the deforestation of the Amazon rainforest is said to be the reason th at the weather in the Northwest is the whyRead MoreThe Effects Of Deforestation On The Environment845 Words   |  4 PagesWhat can one human being do to protect the environment? Our planet is shifting, we need to help it change for the better. There are many effects that can change our Globe in a shocking manner but, the good news is each individual can contribute to make a better world for our children. People across the world acquired, use, and dispose enormous multiplicity of products which helps to build our lives easier and more comfortable. However, the outcome of this can make massive damage to our environment

How Language Is Always Changing And Growing - 988 Words

Lippi-Green is making the case that language is always changing and growing. Every human speaks some type of language and begins to learn how to use it. No matter where a person is from they speak some form of language. Living language changes to better fit the needs of the people using it. The English vocabulary has expanded past the King’s English. People no longer use the same words and structures to form sentences in speaking. Old English would not flow and sounds unnatural and forced if it was used today. Spoken and written English are different beasts. Spoken language tends to be more informal and follows a less structured outline. In written language, the language tends to be more formal and does not possess the same nuances as spoken language. Spoken language is the most natural way to communicate. Written language is a more difficult art form to master. It does come natural to everyone and a voice is hard to create in an essay or paper. Lippi-Green points out that hum ans have evolved past walking with the development of bikes, trains, planes, etc. These are all faster than simply walking and have made it possible to travel faster and farther. People fear the evolution of language and want it to stay a static entity. That is nearly impossible. Words and phrases needed to be added to better describe the constantly changing world around us. Spoken language and written language are used for different purposes. They are both needed to have a full understanding of theShow MoreRelatedEssay on Phase of Rapid Change in the English Language783 Words   |  4 PagesChange in the English Language The English language is always changing, however, at the moment it is going through a phase of rapid change, more so than ever before. This more recent change, I believe, is due to mass media and advances in science and technology global communications (Including SMS messaging, the internet, e-mail and other advances in). Due to being almost flooded with American television adverts and programmes, the English language is taking on boardRead MoreLanguage and Literacy1566 Words   |  7 PagesEDKL102- Assessment Task 1 Essay- What is Language? What is Literacy? How are they different? Teachers must have a sound knowledge and appreciation for language and literacy to be able to make the two concepts a valuable part of a students curriculum. This essay will explore the importance of language and literature in a students learning and how they assist in enhancing their development. Most importantly the similarities and differences will be distinguished so that the relationship betweenRead MoreWe Can Lose Our Identity When Our Environment Changes Essay1443 Words   |  6 Pagesa certain extent due to our upbringing and physical appearance. A persons name for example would tell a lot about themselves. The culture and language they have been using and even the meaning to the name is also part of a persons identity. The little details and characteristics of a person influences a persons identity to a certain extent. Thus, how does one lose their identity when their environment changes? This intriguing question has no simple and definite answer. Furthermore, even thoughRead MoreWhat Is The Circle Of Life?928 Words   |  4 Pagesmuch to take in here.† (Tim Rice, Lines 1,3-5) This first passage, although lacking in rhyme, uses its language to create a picture of the world, and all there is to do. Although the words seem negative, the tone of the piece is almost positive in the way it presents them. It comes across as though the world is so great, there is no way one lifetime can capture its beauty. Rice comments on how these actions push us through life, â€Å"It s the Circle of Life/ And it moves us all† (10-11, 18-19). UsingRead MoreMexican Immigration And The United States Essay1175 Words   |  5 Pagestheir culture and language, involving the American culture in many ways. They come to also face many negative aspects as well. discrimination, labor exploitation and ultimately deportation. But this has not stopped them from coming to the United States in the last two centuries. During the mid and late twentieth century a major Mexican immigration Boom happened. With many job opportunities in the agricultural field in the United States and an economy in mexico that was growing but only benefitedRead MoreSocial Media And Its Effect On Society917 Words   |  4 Pagesinteractions with other people. We use it to stay in touch with friends and family. We also use it to keep us up to date with what is going on in the world today. The most significant driver of linguistic change in America today is social media. The English language changes rapidly in social media by usage of shortened terms and slang, imitation of others, and the amount of time spent on it only exacerbates these changes. The usage of shortened words gains popularity through social media today because of theRead MoreRosetta Stone1502 Words   |  7 PagesRosetta Stone Inc. Changing The Way People Learn Languages Peter Bussa MGMT 480 1. Rosetta Stone has been one of the leading language learning companies and software’s on the market. Many competitors have not been able to enter into markets due to the strategic planning it takes to decide whether it is feasible and profitable as a company to grow stronger. Rosetta stone wants to enter into the European market to expand and grow as a globalizationRead MoreCritical Review Of Analytical Frameworks1625 Words   |  7 PagesAbstract In the past decade, language memoirs, linguistic autobiographies, and learners’ journals and diaries have become a popular means of data collection in applied linguistics. It is not always clear however how one should go about analyzing this data. The aim of this paper is to offer a critical review of analytical frameworks applied to how one language autobiography can say a lot about one person’s past experiences and shapes them into who they are today. I will discuss the dialect, bothRead MoreCritical Review Of Analytical Frameworks1624 Words   |  7 PagesIn the past decade, language memoirs, linguistic autobiographies, and learners’ journals and diaries have become a popular means of data collection in applied linguistics. It is not always clear however how one should go about analyzing this data. The aim of this paper is to offer a critical review of analytical frameworks applied to how one language autobiography can say a lot about one person’s p ast experiences and shapes them into who they are today. I will discuss the dialect, both geographicalRead MoreThe Human Communication System Is Important1435 Words   |  6 Pagescommunication system is complex and not always easy to learn. There are multiple components, including phonetics, morphology, phonology, syntax, semantics, and pragmatics. Knowledge of all of these components is what helps for humans to produce language. Linguistic competence is defined by The Free Dictionary (2008) as a speaker’s implicit, internalized knowledge of the rules of their language. A person with linguistic competence understands how to use a language correctly and properly in order to get

Chicken Run Free Essays

What are the roles of professional accountants in relation to their compliance to the 3yLaws of the Malaysian Institute of Accountants as in this case? Integrity Integrity means that the auditor must always carry out their auditing duties and responsibilities with the highest level and sense of integrity. Their work must be performed with diligence, responsibility, and complete sincere truthfulness. The auditor should not involve themselves in any illegal activities that can bring down their reputation. We will write a custom essay sample on Chicken Run or any similar topic only for you Order Now In this case, professional accountants should always check the inancial statement of the company so that the Information In the financial statement has fairly presented. Objectivity Objectivity means that an auditor must be independent in appearance and in fact, and also to be unbiased and Impartial. For an auditor to be Independent, they should not have any financial nor managerial relationship with anyone or anything that has to do with the company being audited. In this case, the professional accountants have to be objectivity In evaluating the going concern Issue. They have to Investigate he relationship between Encik Selamat and Encik Azrnan. They should ask Encik Selamatto proceed to the legal suits against Cold Gold Sdn. Bhd. Professional competence and due care Competence and due care means that avoid from conflicts of interest. A conflict of interest may exist when there Is a significant relationship with a person, entity, product or services that could be viewed as impairing the members’ objectives. Professional member should understand well about the business environment of EPM so that they can make sure that the company Is free from conflicts of Interest. How to cite Chicken Run, Papers Chicken Run Free Essays MAF680 CASE: CHICKEN RUN GROUP MEMBERS AFIQ IZDIYAD BIN IBRAHIM 2008368767 AHMAD SABRAN JAMIL BIN MOHD AMIN 2008555807 MUHAMAD RUZAINI BIN AB RAHMAN DAYANG CASANDRA ASMALIA BT SAIDI ILI NAZIEERA BT MOHD SOHED 2008383779 2008333715 2008318359 CONTENTS Page Introduction 1. What were the problems/issues facing the company? 2. Who are the stakeholders and what their stakes are? 3. We will write a custom essay sample on Chicken Run or any similar topic only for you Order Now How were the affairs of the company managed? 4. How would you describe the system that existed within the company? 5. How would you assess and rate the financial health of the company? 6. What are the possible salvage plans? 7. What would you suggest as appropriate course of actions? 8. How would an external auditor perform his work in this company? 9. If you are appointed as the auditor to handle the work of this company, describe an appropriate audit programme on Trade Receivables of the company? 10. How should a professional member conduct himself/herself in commerce and industry? 11. What are the roles of professional accountants in relation to their compliance to the By-Laws of the Malaysian Institute of Accountants as in this case? 12. List 6 critical success factors for small and medium size enterprise. 3 3 4 5 5 6 6 7 8 9 11 11 2 Chicken Run Introduction Encik Selamat, a Certified Public Accountant (CPA), had been the General Manager of Excel Poultry Meat Sdn Bhd (EPM) since 2005. EPM was established in 1998 to carry on chicken farming and supplying of whole chicken to various outlets in Malaysia. Now, EPM had more than 200 employees within the organization and started positioning itself amongst th e top 5 chicken suppliers, in the mid -tier producers in country. The company was able to maintain its operations and started to make profits in the poultry and meat industry since the demand for chicken buoyant. However, the company had facing problem in 2008. The issues arose includes the management of trade receivables, in dealing with superiors, subordinates and customers as well as in handling credit control. The case became worse with a situation faced by general manager of the company who took opportunities and capitalized on his past connections while assuming office. The issues also highlighted the leadership style, lack of adequate internal control system on sales and collection processes, flaws in internal reporting channel as well as issues on professional ethics and conduct of an accountant. Besides, it was also related to situation when accountants would be required to act when information might not readily be available. 1. What were the problems/issues facing the company? Since 2008, the company has been facin g the problem of increased chicken feed cost which has risen to RM88 from RM54. 50 (an increase in almost 61. 5%). The increase in feeding cost has ultimately increased the company ¶s production cost to about 56. 5%. The increase of feeding cost has affected t he whole industry. Thus, FLFAM has called for higher chicken prices in order to protect producer ¶s earnings in the face of feed cost hike. However, members of the FLFAM had seen a drop in demand of the chicken. Since the event of the feed cost hike, the company discovered that they have systematically low operating cash. In that event, the company resorted to borrowing short -term loans from the bank in order to meet operating obligations. This in turn increased i ts financial obligations in terms of interest payments. The aging analysis of the customers of the company had turned out that one of the major customers  ± Cold Gold Sdn. Bhd. has gone over the company ¶s credit limit, yet marketing department continued to supply products to the company. Another problem faced by the company is that the company ¶s General Manager, Encik Selamat has close relationship with one of the executive directors of Cold Gold Sdn. Bhd. , Encik Azman. This relationship has enabled Cold G old to extend its credit limit with authorisation from Encik Selamat and not the Credit Controller (Ms. Choy). Encik Selamat also has personal inte rest in the deal with Cold Gold Sdn. Bhd. The deal was if Encik Selamat extended the credit limit of Cold Gol d Sdn. Bhd. , he will personally benefit from the deal. Encik Selamat did not disclose this matter to the Board. The company also faced a decrease in net profit within 3 years of its operation in year 2006  ± 2008. The decrease of net profit is mainly becaus e of the feeding cost hike and also undiscovered irregularities in the accounts. The figures in the balance of the accounts of the company do not tie up to the confirmations given to their debtors and creditors. This proves that the company ¶s accounts are not in proper order and there is possibility of misstatements in their accounts. Another problem disco vered during the aging analysis is that in EPM ¶s books, a retailer, Mr. Siva ¶s account had outstanding balance. This was in contrast with the books of Mr . Siva, where he claimed to have paid all outstanding balance and the cash payments had been made to Encik Munir (one of the former personnel in finance department). 2. Who are the stakeholders and what their stakes are? Customers are one of the important people that help a company grow. Without them, a company cannot sustain its operations. That is the importance of customers to the company. In turn, customers also have stakes in the company. Customers rely on the supply of products, in this case, poultry supply for their daily sales and consumptions. They need reliable supply of poultry in terms on quality, price and time of delivery of the poultry. Government is also one of the stakeholders of the company. At this point of time, Malaysian government is promoting the integrated chicken production in the East Coast Economic Region (ECER). Therefore, the government relies on the poultry industry to succeed in this project. This includes EPM as one of the top five chicken suppliers in Malaysia. The major creditor in this case is the bank. The company has been facing low operating cash which resulted in the company to resort in borrowing short -term loan from the bank. The stakes of the bank in the company is to be assured that the company has consistent cash flow to pay for their monthly commitment of bank loan instalment to the bank. 4 Another stakeholder of the company is the employees. As employees, they are concerned about not losing their jobs (i. e. job security). They need to be assured that their time and energy spent on the company are worth it. Therefore, they need to be assured that the company is doing well so that they do not have to find another job that has higher job security. 3. How were the affairs of the company managed? There are several affai rs faced EPM. First, the company faced operational crises when the cost of production rises in 2008 by about 56. 6%. Fortunately, Federation of Livestock Farmers ¶ Associations of Malaysia (FLFAM) increase the price of chicken to protect producers ¶ income. However, demand for chicken decreased. Then, EPM faced another problem relating to the development of the company in late 2008 as the note of a report indicates that the operating cash was systematically running low. The company managed to resort to signifi cant increase in short -term borrowing in order to meet its operating obligation. The company ¶s Credit Controller, Ms Choy has discovered from the aging analysis of customers that the credit limit of its major customer, Cold Gold Sdn Bhd had reach its leve l but still the marketing department continued to supply chicken to the company. She managed to inform the matter to Encik Selamat and he went for a meeting with one of the executive directors of Cold Gold Sdn Bhd to settle it. Puan Azura, the Accounts Exe cutive and Ms Choy also send reminders to all customers with outstanding balances in respect of their accounts. However, a few weeks later, Mr Siva, one of the retail customers with a small account came by the office to complain to Ms Choy about the incorr ect figures on the statement of accounts sent to him. She found out that Encik Munir, a former staff who received the cash payment from Mr Siva, had not disclosed the receipt of payments from customers. Then she reported the matter to one of EPM directors. 4. How would you describe the system that existed within the company? In account receivable system of Excel Poultry Meat Sdn Bhd, marketing department send a copy of sales invoice of each sales transaction to the accounting department. The account receivable division in the accounting department will set credit limit for every customer to 5 make sure there is cash inflow to the company. Then, accounting department will send timely reminders to customers with outstanding balances in respect of their account s. Then the department will produce aging analysis of customers and the credit controller will report customers who have reach their credit limit to Encik Selamat. Customers will then pay the amount payable by them to the finance department. After that, fi nance department will send a copy of the payment receipt to the accounting department to update the customers ¶ accounts. 5. How would you assess and rate the financial health of the company? Generally, the financial health of Excel Poultry Meat Sdn Bhd (EPM) is getting worse year by year. It was getting worse because the net profit of EPM is decreasing since year 2006. Even the company had growing in revenue in which cause by the demand in the poultry and meat industry, the company still cannot gain hig her operating profit. It was mainly pertaining to significant increase in cost of sales. The company had to incurred higher feeding cost because the increasing in purchase price of a bag of feed. The increasing affect on the company ¶s cost of sales. The financial position becomes worse as the company continued supply products to their customers even though their customer credit limit had already exceeded. The customers had difficulty in paying the debt which leads to long outstanding debts. Therefore, ther e are increasing in trade receivables as well as trade creditors. The increasing in trade creditor caused of low operating cash. So, the company had to resort to significant increase in the short-term borrowings in order to meet its financial operating obl igation. 6. What are the possible salvage plans? One of the possible salvage plans for the company is managing cash flow system. The company offers the customers to purchase their products by credit. Before approving the customers to engage with the com pany, the company should screening the customer credit and relationship. This is to avoid personal interest in the company ¶s management team. The company should prepare a contract that includes the redit term period (e. g. 90 days, 120 days or 180 days) in collecting the debt. The customer will not have long outstanding which could affect on the company cash flow. The company can send reminders to customers with outstanding balances in respect of their accounts. So, the customers can avoid paying higher debts and pay at specific time. 6 In order for the company avoid in having risk of customers purchase wi th credits, the company probably can look for potential customers that purchase their products by cash. The customers can be small -medium sized company or s mall groceries stores. The income of the company can be increased and higher operating cash flow. The company can apply for banking facilities in order to meet their financial obligations. The money they received can be used for improving the cash flow of the company. The company can purchase additional raw materials in order to supply their products to their customers. Besides, they can use the money for encouraging their customers in paying the debt. For example, provide reminders and improve the company debt collection. 7. What would you suggest as appropriate course of actions? There are several problems faced by EPM. The first problem of EPM is which indicated that the operating cash of the company was systematically running low. The problem emerge d during the financial year 2008  ± the economic turmoil. As a result of recession, with high inflation in the market, the price of a bag of feed increase, hence the increase of cost of production. At the end of the day, EPM without hesitation, have to incr ease the price of chicken to maintain their sustainability. The consumer accepts such increase negatively, the demand of whole chicken drop. The situation described was the initial part of the problem which later on gets much worst. With the drop of demand of the chicken, EPM indicated that the operating cash was systematically running low. EPM later, planning to increase the short-term borrowing in order to meet its operating obligation. Having to service the high interest rate currently in the market make s absolutely a bad idea, however they was left with no choice. Everyday the business of EPM went from bad to worst. The management team tried everything to bring the business on track. In the process, they discovered that, well from the aging analysis of c ustomers that the credit limit of Cold Gold Sdn Bhd, one of their major customers had gone into its level and yet the marketing department continue to supply products to the company. This exacerbated the existing operating loss faced by the company. I am here suggesting that the appropriate course of action is to have a proper guideline in selecting customer. The guideline need to clearly reveal the requirement needed in accepting customers, the financial stability of the customer so to speak. A good screen ing of customer such as credit check will definitely benefit the company in the long run; upon each credit terms of each of the client come due. As the problem of EPM being analysed deeper, we discover that there is conflict of interest involved. Encik Selamat was curiously caught single -handedly by EPM ¶s Credit Controller, 7 Ms Choy. Encik Selamat said to have a  µdeal ¶ between him and one of the director in Cold Gold Sdn Bhd (highly likely to be En Azman). If this was the case, looking at the bigger picture, this conflict of interest somehow can be one of the factor of the financial fiasco faced by EPM. In handling this proble, again, EPM need to have a proper guideline or policies and procedures so to speak in handling conflict of interest. Implementing a p olicy to ensure the members of EPM to disclose any conflict of interest in any of their client is to be made compulsory. This is a good first step in moving EPM in a better direction, a company which does not tolerate with any such behaviour. My next sugge stion in handling this problem in much quicker and more serious, is to have interference of Board of directors seem appropriate before the situation gets much worst. At least to have En Selamat being transferred to other subsidiary. The successor however n eed to be an experienced person in poultry industry to turn EPM around. In a bigger picture, the subordinates of En Selamat will view of the action(transferring En Selamat to other subsidiary) to be a serious measure shown by the Board of Directors to not tolerate with greediness and putting self interest beyond the interest of the company. 8. How would an external auditor perform his work in this company? As an external auditor of this company, they have to fulfil all the duties and rights of an auditor which are laid down under Section 174 of Companies Act 1965. The normal audit works have to be performed for the normal financial statements with no issues arise. For example, under Section 174(2), the auditor shall consider all accounting records are properly kept. However, there were issues arose in the financial statements of the Excel Poultry Meat Sdn Bhd. The auditor must react from these issues that had been arisen. The main issue faced by the company is rega rding its trade receivables. It has been supported by general manager who took opportunities and capitalized on his past connections while assuming office. Hence, the main focus here pertaining to the reaction of the auditor reflected by the issues in the financial statements. As the auditor had discovered this kind of irregularities, he has to report to the board of directors. But, Encik Selamat who is the general manager of the company and also the key person involved in this main irregularity has strong connections with board members at the parent company. Hence, there is a possibility that the board may not adequately deal with the problem after having brought to their attention. As a result under Section 174(8) which stated that require auditor to repor t the matter in writing to the CCM. Thus, this reaction has to be done by the auditor in performing audit works in this company. 8 9. If you are appointed as the auditor to handle the audit work of this company, describe an appropriate audit programme o n the Trade Receivables of the company? In designing the tests of details of balances in trade receivables of the company, the auditor must satisfy eight accounts receivable balance -related audit objectives which are as follows: 1. Accounts receivable in the aged trial balance agree with related master file amounts, and the total is correctly added and agrees with the general ledger. Detail tie -in) 2. Recorded accounts receivable exist. (Existence) 3. Existing accounts receivable are included (Completeness) 4. Accounts receivable are accurate. (Accuracy) 5. Accounts receivable are properly classified (Classification) 6. Cutoff for accounts receivable is correct (Cutoff) 7. Accounts receivable is stated at realisable value. (Realisable value) 8. The client has rights t o accounts receivable (Rights) After all of these eight objectives have been achieved, external confirmation are given to the accounts receivable. The primary purpose of accounts receivable confirmation is to satisfy the existence, accuracy and cutoff objectives. When sending in confirmations, there are basically two types of confirmations: positive and negative. Positive confirmation is a confirmation requesting the debtor to confirm directly the amount stated in the confirmation is correct or incorrect. Negative co nfirmation is a confirmation addressed to the debtor but requests only to responds if debtor disagrees with the stated amount. When there are non -responses in the first confirmation sent, second and third requests of confirmation are sent. Even with these confirmations, debtors still does not respond to the confirmation, subsequent test are necessary. For example, subsequent cash receipts, duplicate sales invoices, and shipping documents. 10. How should a professional member conduct himself/herself in co mmerce and industry? A professional member in commerce and industry should always comply with the Companies Act 1965, Accountants Act 1867, and other regulatory bodies constituting its responsibilities. MIA By-Law has distinguished the responsibilities be tween professional member in the public practice and professional members in business. However, both parts require a 9 professional member to always act with integrity, objectivity or the good reputation of the profession and as a result would be incompatibl e with the fundamental principles. A professional accountant shall comply with the five main fundamental principles. The first fundamental principle is integrity. A professional accountant should be straightforward and honest in all professional and busi ness relationships. A professional accountant should also be objectivity. He is not allowed to be bias, have conflict of interest or undue influence of others to override professional or business judgments. A professional accountant must be competence and due care to maintain professional knowledge and skill at the level required to ensure that a client or employer receives competent professional services based on current developments in practice, legislation and techniques and act diligently and in accordance with applicable technical and professional standards. A professional accountant is also required to act with confidentiality. He must respect the confidentiality of the information acquired as a result of professional and business relationships and, th erefore, not discloses any such information to third parties without proper and specific authority, unless there is legal or professional right or duty to disclose, nor use the information for the personal advantage of the professional accountant or third parties. A professional ccountant must act with professional behaviour that complies with relevant laws and regulation and should avoid any action that discredits the profession. As a professional member of public practice and commerce, one should alway s avoid threats to the compliance of the fundamental principles. The first threat is self -interest threat. This threat is the threat that a financial or other interest will inappropriately influence the professional accountant judgment or behaviour. The se cond threat is self -review thr eat. This is the threat that a professional accountant will not appropriately evaluate the result of a previous judgment made or service performed by the professional accountant, or by another individual within the professiona l accountant ¶s firm or employing organization, on which the accountant will rely when forming a judgment as part of providing a current service. The third threat is advocacy threat. This threat is the threat that a professional accountant will promote a client ¶s or employer ¶s position to the point that the professional accountant ¶s objectivity is compromised. The fourth threat is familiarity. This is the threat that due to a long or close relationship with a client or employer, a professional accountant wil l be too sympathetic to their interests or too accepting of their work. The final threat is intimidation threat  ± the threat that a professional accountant will be deterred from acting objectively because of actual or perceived. 10 11. What are the roles of professional accountants in relation to their compliance to the ByLaws of the Malaysian Institute of Accountants as in this case? In this case, all the accountants of EPM are considered professional members in business. Professional members in business an d public practice both must comply with the fundamental principles in Section 100 in the MIA By -Law. It also stated that all professional members of the public and business must eliminate or reduce threats to an acceptable level. Encik Selamat is a Chartered Professional Accountant . According to section 100. 8 of the MIA By-Law, he is facing the self -interest threat because he is accepting personal benefits when he extended the credit of Cold Gold Sdn. Bhd. Self -interest threat is a threat that a financial or other interest will inappropriately influence the professional accountant judgment or behaviour. Encik Selamat is supposedly to safeguard  ± which is to eliminate or reduce this threat. According to Section 320 of MIA By -Law which regards to the preparation and reporting of information, a professional accountants shall take reasonable steps to maintain information for the professional accountant in business is responsible in a manner that firstly describe clearly the true nature of business t ransactions, assets or liabilities. Secondly, classifies and records information in a timely and proper manner. And thirdly, represents the facts accurately and completely in all material respects. It also stated that threats to compliance with the fundame ntal principles, for example in this case intimidation threats to objectivity or professional competence and due care. Ms Choy is pressured to decide whether or not to raise the case of personal interest of the Encik Selamat, the General Manager of EPM. Th e significance of the threats will depend on factors such as the source of the pressure and the degree which the information is, or may be misleading. It is the duty of Ms Choy and Pn Azura to reduce the significant threats to an acceptable level. If still Ms Choy and the other professional accountants cannot eliminate the threat of intimidation to the GM, they should disassociate themselves from the information that creates threat. The first way is that they should obtain legal information to report the ac tions of En. Selamat for his personal interest with Cold Gold Sdn. Bhd. Another way is to consider resigning. 12. List six critical success factors for small medium size enterprise. 1. People – The right people needed to be employed by the company to ensur e the growth of a company. 2. Price  ± The right price of the product and services is crucial in attracting customers. The profit margin need not be too high and too low. 11 3. Place  ± The place the business took place is very important as to make easy for the customer to come and do business. A place which too remote from the target customers or too near to other competitors will not be advisable. 4. Product  ± A company must always bear in mind to not sacrifice the quality of their product in achieving high profit sol ely. A company which is able to have loyal customer always a winner. 5. Prize  ± A company may be successful in a short term but to maintain in a long run, to always reward the employees who worked hard day in day out will always enhance their working producti vity which at the end of the day benefits the company entirely. 6. Marketing  ± A company need to have the right type of marketing (based on their respective industry) to ensure them to reach their target market and make known of their quality product and services at large. Failing to do that, a company may find them a ha rd way to expand or grow their business further. 12 How to cite Chicken Run, Papers Chicken Run Free Essays string(33) " irregularities in the accounts\." 1. INTRODUCTION 1. 1 Case Background This case is about the Small medium enterprises, Excel Poultry Meat Sdn Bhd (EPM) that face management, production, financial and internal control problems. We will write a custom essay sample on Chicken Run or any similar topic only for you Order Now Besides that, In this case also show conflict of interest between General Manager of EPM, En Selamat with the main debtors. The lack of internal control causes bad financial performance since 2008. Other than that, this case also shows the external factors for the production process that cause â€Å"chicken run† crisis. Our responsibility is to give the solutions to EPM for face their problems. SMEs is the most important for Malaysian economic growth, so for that purpose we need make sure our SMEs had the excellent management in their financial and internal control. 2. Company Background Excel Poultry Meat Sdn Bhd (EPM) was establish in 1998 as Small and medium sized enterprise (SME). Their Core business is chicken farming and supplying to various outlets in Malaysia such as hypermarkets and restaurants. Currently, they have more than 200 employees. EPM aso knowed as Top 5 chicken supplier in mid-tier producers in the country. 3. Definition of SMEs. Malaysia adopted a common definition of SMEs to facilitate identification of SMEs in the various sectors and subsectors. This has facilitated the Government to formulate effective development policies, support programmers’ as well as provision of technical and financial assistance. An enterprise is considered an SME in each of the respective sectors based on the Annual Sales Turnover or Number of Full- Time Employees. SMEs were divided into two categories. First category is manufacturing, manufacturing-related services, and agro-based industries. Small and medium enterprises in this industries have full-time employees not exceeding 150 OR with annual sales turnover not exceeding RM 25 million. Second category is services, primary agriculture, and information communication technology (ICT) sectors. Small and medium enterprise in this sectors have full-time employees not exceeding 50 OR with annual sales turnover not exceeding RM 5 million (SMEs. Corp, 2012). Table 1: Definition of SMEs |Type/ Size |Micro-enterprises |Small enterprise |Medium enterprise | |Manufacturing, |Sale turnover of less than RM |Sales turnover between RM 250,000 and|Sales turnover between RM 10 million | |Manufacturing- |250,000 OR full time employees |less than RM 10 Million OR full time |and RM 25 million OR full time | |Related Services and |less than 5 |employees between 5 and 50 |employees between 51 and 150. |Agro-based industries | | | | |Services, Primary |Sales turnover of less than RM |Sales turnover between RM 200,000 and|Sales turnover between RM 1 million and| |Agriculture and |200,000 OR full time employees |less than RM 1 million OR full time |RM 5 million OR full time employees | |Information Communication |less than 5 |employees between 5 and 19. |between 20 and 25. |Technology (ICT) | | | | (Sources: SME Corp. Malaysia) Table 1 above shows the summary of defining Malaysian SMEs. 2. 0 ISSUES AND PROBLEMS There are many problems that can be detecte d in Excel Poultry Meat Sdn Bhd (EPM). The main issue is a lack of internal control. There is no segregation of duties among EPM staff. This situation can be seen when Munir, the former staff at the finance department, collects the payment from client but he does not disclosed the payment receipt to the account department. Next, the issue is conflict of interest. The situation can be seen on the company’s General Manager, Encik Selamat has close relationship with one of the executive directors of Cold Gold Sdn. Bhd. , Encik Azman. This relationship has enabled Cold Gold to extend its credit limit with authorization from Encik Selamat and not the Credit Controller (Ms. Choy). Encik Selamat also has personal interest in the deal with Cold Gold Sdn. Bhd. The deal was if Encik Selamat extended the credit limit of Cold Gold Sdn. Bhd. , he will personally benefit from the deal. Encik Selamat did not disclose this matter to the Board. Besides that, the issue is the increasing of production cost. Since 2008, the company has been facing the problem of increased chicken feed cost which has risen from RM54. 50 to RM88; the increase is more than 50%. The increase in feeding cost has ultimately increased the company’s production cost to about 56. 5% the increase of feeding cost has affected the whole industry. Thus, Federation of Livestock Farmers’ Associations of Malaysia (FLFAM) has called for higher chicken prices in order to protect producer’s earnings in the face of feed cost hike. However, members of the FLFAM had seen a drop in demand of the chicken. On top of that, the event of the feed cost hike discovered that the company has systematically low operating cash. In the situation, the company resorted to borrow short-term loans from the bank in order to meet operating obligations. This in turn increased its financial obligations in terms of interest payments plus principal. Then, there is also issue on the shortage of chicken supply in market. Since the feed cost hike, the company has cut down the production of chicken in market. While at the same time, the demand of chicken from hypermarket, flea market and individual become high. The ceiling price that control by government also contributed to this problem. Another problem discovered is that in EPM’s books, a retailer, Mr. Siva’s account had outstanding balance. This was contrast with the books of Mr. Siva, where he claimed to have paid all outstanding balance and the cash payments had been made to Encik Munir. This can show that the company has lack of management on account receivables. Last but not least, Encik Selamat has influence in the company make the small and medium enterprise look alike a sole proprietor to him. Every decision making by Encik Selamat is totally agree by the other staff. The leadership style of Encik Selamat also need to consideration in the company operation. FINANCIAL RATIO ANALYSIS | |2006 |2007 |2008 | |Current ratio |0. 85 |0. 59 |0. 4 | |Net profit margin |4. 02% |(0. 35)% |(1. 05)% | |Return on asset |14% |(1. 07)% |(2. 76)% | GRAPH [pic] [pic] Based on the graph above, the company faced a decreased in net profit within three years of its operation in year 2006 to 2008. The decrease of net profit is mainly because of the feeding cost hike and also undiscovered irregularities in the accounts. You read "Chicken Run" in category "Papers" The company also faced a decreased in return on asset within three years of its operation in year 2006 to 2008. The decreased of asset is probably because of the bottom line of the company is also decreased due to the feeding cost hike. 3. 0 SOLUTIONS AND RECOMMENDATIONS Internal control system Internal control is main problem for this company. It plays an important role in preventing and detecting fraud of the organizations. For example this company has no segregation of duties that important for the company to observe and see the flow of the company functions such as En. Munir (finance department) collects the payment from client and does not disclosure the receipt to accounting department. When these functions not be divided, a detailed supervisory review of related activities is required as a compensating control activity. Segregation of duties is a deterrent to fraud because it requires collusion with another person to perpetrate a fraudulent. So the company must have segregation of duties to reduce the critical problem of internal control. Such as, the approval function, the accounting or conciliating function, and the asset custody function should be separated among employees. Excel Poultry Meat Sdn Bhd (EPM) is one of the SME’s company and need to follow all the rules and regulation internal control for SME’s. Encik Selamat as a general manager need to emphasize the nature and importance of the internal control, organize and lead all staff to set up a whole, appropriate internal control system to make middle managers and ordinary employees see the importance of the internal control to enterprise develop and job descriptions respectively. At the same time, managers should teach others a good example for all staff and establish a scientific evaluation system to supervise the implementation of the internal control. Besides that, SME’s internal control also need the company to have internal environment that refers to the basis of the internal control and when internal environment improve it can reduce the establishment of the inherent limitations of internal controls effectively, and improve the efficiency of internal control. According to the relevant laws and regulations, SMEs should establish a reasonable internal structure and give full play to the strength of the collective power to avoid excessive concentration of rights. Furthermore, the company also need to monitoring and reviewing the employees. It is the one of the internal control system that reviewed by management. By performing a periodic assessment, management assures that internal control activities have not become obsolete or lost due to turnover or other factors. They should also be enhanced to remain sufficient for the current state of risks. The availability of information and a clear and evident plan for communicating responsibilities and expectations is paramount to a good internal control system. At last, the company must control the environment to be a good internal control. A sound control environment is created by management through communication, attitude and example. This includes a focus on integrity, a commitment to investigating discrepancies, diligence in designing systems and assigning responsibilities. When the company follows all the framework of good internal control, the company can become better and can be successful in the future later. Management information system This company also lack of focus on the important considerations for proper running of business operations. It is because the general manager cannot proper running the business operations. The company must have a mission and vision to be successful in the future. If company does not use the mission and vision, the company cannot run properly and become chaotic. So the solution is to use management information system that designed to help the organization accomplish specific goals or objective. Management information system  (MIS) provides information to the organizations to manage themselves efficiently and effectively. Besides that, management information system are typically computer systems used for managing three components that are technology, people individuals, groups or organizations) and data (information for decision making). Furthermore, the management information system uses to analyze the operational activities in the company to become more effective and efficient. Lastly, when the Excel Poultry Meat Sdn. Bhd uses the management information system, it can be better and more efficient to the company to manage and running their business properly and can a chieve goal, mission and the vision successfully. Negotiate with suppliers To solve the higher costs of chicken feeds in Excel Poultry Meat Sdn Bhd, the company may try to negotiate with their suppliers in considering the price reductions or offering some cheaper alternatives. If the suppliers are unable to do so, the company has to explore the other suppliers who are able to provide a reasonable price. By continuously watching the sources from a few of suppliers, it may be effective way to keep the costs lower due to competition. Moreover, some government agencies and private sectors could play an important role in assisting SMEs to solve the problems which they are facing. For example, the company may obtain some advisory services and consultancy from the Malaysian Agricultural Research and Development Institute (MARDI) in order to get some ideas on the chicken feeds problem. They may ask for the new alternatives to replace the old chicken feeds which are higher in costs. The SMEs like Excel Poultry Meat Sdn Bhd also may apply the financial tools to help them in cost management such as breakeven point, budgeting and cost analysis. For example, if the company uses budgeting, it will able to prepare a forecast of revenues and expenses, so that it may perform better in the financial aspect. It also enables to find out the cost constraints on its operation. The company must gain the raw materials at the possible lowest price and use them as effectively as possible while maintaining the quality of output. Marketing mix Besides that, Excel Poultry Meat Sdn Bhd also faces the pricing problem. When a company is in a highly competitive industry, it must be able to provide high quality products at low cost. If they do not, they may be perished. In order to compete with other companies in the similar industry, the marketing mix is always crucial which it encompasses price, product, promotion and place. The SMEs like Excel Poultry Meat Sdn Bhd needs to improve their marketing strategy on promoting their products in terms of branding, packaging and promotion to increase their revenue. With the greater turnover, the company may get the fund to improve the growth of their business. Furthermore, it may consult the SIRIM Berhad and it may help them in standardization and certification of their products according to their point of views. With the government support, it may satisfy the needs of consumers on the quality of their products. If the products have been recognized by the government, the consumers will be more reliable on them and the price may be marked up to overcome the problem of increase in cost of chicken feeds. The company also enables to explore the other potential markets in the foreign countries. As the demand in local country may not be satisfied, the company may choose other foreign markets which they have higher demands on the chicken supplies. Code of ethics The solution for the conflict of interest between Encik Selamat and Encik Azman is establishes the five fundamental principles according to the code of ethics. Encik Selamat should follow the code of ethics of the five fundamental principles such as integrity, objectivity, competence and due care, confidentiality and professional behavior. Some of the fundamental principles can be applied by Encik Selamat as the guidance to comply with the ethical behavior. For example, Encik Selamat should apply the integrity principle in which Encik Selamat should be honest in all professional and business relationship between his and the customers. In this case, Encik Selamat should be honest in the business although Encik Azman is his best friend. Besides that, Encik Selamat should comply with the principle of objectivity in which Encik Selamat should not allow conflict of interest to override professional or business judgments. In terms of professional competence and due care, Encik Selamat should maintain professionalism which cannot allow customers supplied without concerning the outstanding balances. Last but not least, Encik Selamat should apply the professional behavior which should comply with the relevant laws and regulations. Effective cash collections process The solution for the poor collection of debtors’ outstanding leads to cash flow problems is designed an effective cash collection process which shown as below. [pic] Excel Poultry Meat Sdn. Bhd. (EPM) should design the effective cash collection process to avoid the cash collection problems. The effective cash collection process is when the customers paid the payments to the company, the payment should passed to the accounting departments to verify the payments and the accounting department will send the cash receipts back to the customers. Besides that, the accounting departments in the company will put the deposits in the Bank after received the payments from the customers. Then, the Bank will send the statement of deposit back to the accounting department of the company. In this case, the weakness in the cash collection problems leads to the cash flow problems. For example, the net profit of the company is decreased from year 2006 to 2008. This means the company is facing the cash flow problems which can show by the financial performance of the company which is getting worst compare with previous year. SWOT Matrix |Strengths |Weakness | |One of the top chicken suppliers |Poor in internal control | |Has qualified accountant (En. Kassim) |Financial problems | |Good in development of marketing plan |Lack of leadership | | Lack of control in making decision | | |Imbalance of cash flow | |Opportunities |Threats | |Government support |Potential chicken disease | |Strong chicken consumption in domestic market |Government policies (ceiling price) | | |Increase in cost of raw materials | 4. 0 CONCLUSION As a conclusion, those have several main problems that cause the financial problem in EPM. Those problems are arise because lack of control in management and production within the company. In the business, those who have relationships between several factors will affect the financial performances. Economics, production and management are the factors that cause the financial crisis in EPM. The relationships are show bellow: 1. 2. EPM need to make sure their internal control is in the good position to make sure their cash flow can be controlled to run the business. The integrated systematic management on financial, internal control and production will give the EPM a better financial position in the future. ———————– Increase of Production cost Decrease of demand Decrease of sales Decrease of company profit Lack of internal control Increase the possibility fraud Bad financial performances How to cite Chicken Run, Papers

Financial Performance Socially Responsible -Myassignmenthelp.Com

Questions: What Are The Specific Issues CSR Relates To The Domain Of Finance? How Far CSR Are Being Endorsed By Mainstream Financial Institutions? What Is The Association Between Ethical Investment And Islamic Principles? Answers: Introducation There are several issues that are raised in the present research paper. The first problem is the heavy unfairness in the use of debt based instruments such as murabaha that relates directly to profit and loss sharing modes of investment (Ho et al. 2014). The second issue highlighted in the paper is the strategic vision that is adopted by the Islamic banking as it got inspired by the debt-oriented conventional banking culture. The third issue highlighted in the selection of financial instruments that render higher weight to the efficiency criteria that neglects the equity criteria (Von Wallis and Klein 2015). Islamic Finance is rooted on the philosophy of equality, fairness as well as principles that directly lead to societal welfare (Revelli and Viviani 2015). Hence, it can be said that Islamic banking and Finance can be socially responsible and ethical investing. It majorly seeks social justice as well as monetary affluence of the humanity that hearten sustainable financial movement. However, Islamic Finance comes from basic requirements that are already set by the Islamic law. Same is mentioned in the Socially Responsible Investing that refers as sustainable, socially conscious as well as mission and ethical investing. Therefore, socially responsible investors are guided mainly by an ethical or moral code for investment purpose. Islam has very clear perceptions on how business should be conducted with main focus on social as well as ethical business dimensions. Islam needs Muslims to lend their lives in accordance to the Islamic legal code of Shariah where the Muslims across the world expected to follow the rules. Here, Islam places main emphasis upon the ethical values in all aspects of human lives. However, Islam teaching mainly stress upon ethical values as well as moral principles in human behavior (Platonova et al. 2016). Rationale or purpose of the study The idea of integrating moral values as well as constituent of community accountability in economic and financial matters had mainly established constant concentration in the trade world recently. In addition, social accountable financing had emerged in the West for bringing a fairer as well as more sustainable society (Charfeddine, Najah and Teulon 2016). Furthermore, Islamic banking came into existence for providing alternative ways of financing for the development needs of society and community as a whole. In that way, it is understood that both Islamic as well as socially responsible finance had been derived from the teachings of Quran and the Prophet. The main aim of the study is to assess the corporate social performance of financial institutions that adheres to the parallel ethical worldviews that include both Islamic and secular humanistic (Mallin, Farag and Ow-Yong 2014). The present research paper explains as to how far financial institutions and socially responsible financial institutions cam embrace the socially responsible approach in their core operations (Al-Khazali, Lean and Samet 2014). The study gives proper emphasis upon the extent to which institutions fulfill their economic, ethical as well as legal and discretionary responsibilities where the society can best manage with the CSR issues. Islamic Finance can be explained from the shareholder assortment by linking these overlap core principles for accessing large amount of Socially Responsible Investing funds that are made obtainable in the worldwide markets. It is important to understand the fact that momentum is being built by realizing the connectivity of Islamic funds with globally communally accountable speculation finances (Jawadi, Jawadi and Louhichi 2014) Research Objectives To evaluate the policies of SRFIs (Socially responsible financial institutions) that relates to their Corporate Social Performance To elucidate what lessons can be learned from the experiences and practices of SRFIs to better meet the needs of stakeholders To eliminate communal and inexpensive prejudice from the culture by establishing better relationship among rich and poor people To mobilize wealth among all the people in the culture To provide facilities to the poor people for creating new jobs market and trade undertaking by using their merits, ability as well as knowledge after eradicating redundancy problem from the culture Proposed Methodology Research Design In this particular research paper, the researcher needs to evaluate from the different types of research design and select the best out of it that suit the case. Research design is actually a set of methods as well as procedures that are collected and analyzed that links with the research problem identified in this paper. There are three types of research design and these are experimental research design, exploratory research design and descriptive research design (El Khamlichi et al. 2014). Experimental design is the process that help researcher for testing the theory by reaching to suitable conclusion on matters relating to finding relationship between independent as well as dependent variables (Borgers et al. 2015). This type of research design refers to the conceptual framework where the experiment is being conducted. Exploratory research design is the process that develops operations definitions as well as improves the final research design. This type of research design helps the researcher to decide the best research design as well as subject selection and data collection method (Bennett and Iqbal 2013). Descriptive research design is the study that is conducted by the researcher to depict the participants in the most accurate way. There are further two ways to collect information and these are case study and observational. Case study means in-depth study of an individual or a group of individuals (Alamer et al. 2015). Observational means a method that is used for viewing and recording of activities participants For this research study, the researcher will be selecting descriptive research study as this design describes situations. In same way, the major purpose of the section is to find out whether Islamic banking and finance are socially responsible. This is a situation that needs to be best understood in this study in a descriptive way (Abedifar et al. 2015). Research Philosophy Positivism, Interpretivism and Realism are the main three types of research philosophy. Positivism is a hypothesis that states certain information is based on natural occurrence as well as their possessions and relations. Furthermore, the data are mainly derived from sensory knowledge that is inferring through proper reasoning and logic so that it forms the restricted sources of specific information. Interpretivism is an approach to social science that resists the positivism of natural science. This research philosophy is used when the research uses qualitative data sources for researching purpose. Therefore, Interpretivism is a school of thought in contemporary as well as law philosophy (Abdul-Rahman 2014). Realism is one of the research philosophies that rely mainly on the idea of autonomy of realism from the human mankind. This particular research viewpoint is based on the hypothesis of a methodical approach for developing accurate knowledge. For this study, the researcher will be using Positivism Research Philosophy as it deals with scientific collection of accurate data and this is possible only by using quantitative sources of data. The present study adopts quantitative research method for conducting the study so as to understand whether Islamic Banking and Finance are using ethically investing and social responsibility in their operations. Research Approach Deductive approach aims at testing the theory while inductive approach deals with the generation of new hypothesis that emerges from the information. For this research study, the researcher will be using deductive approach as it works from more general to the more specific (Abdelsalam et al. 2014). Data Sources The sources of data used in the study will be quantitative data by the researcher. Data Collection techniques The techniques that will be used by the researcher for this study will be questionnaire method where the questions will be asked to participants (both Muslim and Non-Muslim) regarding Islamic banks and finance on how far they had adopted socially responsibility and ethical investing. Issues of reliability and validity The researcher has to make sure that the data collected for the study is reliable and valid at the same time otherwise the purpose of the research will be wasted if any discrepancy is present. The researcher need to Sampling techniques The sample size will be 50 Muslims and 50 Non-Muslims participants. The sampling technique used in the study will be simple random sampling method where sample participants will be selected randomly without any biasness. Data analysis and interpretation Quantitative data will be analyzed by the researcher by using different statistical methods like correlation and regression. These tools will be represented by using SPSS software. Data will be collected by using GoogleForms where the participants will answer the questions asked in the questionnaire. Conclusion At the end of the section, it is concluded that Islamic Finance and Islamic Banking mainly can be seen as new thoughts and function to bring principles and communal fairness into the monetary and financial fields. In addition, the Islamic financial scheme actually has moral foundations that are based on achieving wealth as well as fair sharing of profits and possessions in and across the culture. One of the ways that can be used to manifest the communal role of Islamic banks is mitigation of poverty by providing business to the poor for increasing their profits and possessions. Here, it is noted that Islamic Banks plays major role in providing communally attractive speculation by putting strong prominence upon the principled and ethical proportions of conducting the trade and selecting the behavior or commodities that need to be financed. Furthermore, Islamic banks have different principles that include commitments to the communal interest, human welfare endorsement as well as care f or the surroundings and deals with financial and communal fairness. It is important to consider the fact that financial accounting services help poor people and has significant contribution towards poverty reduction. It can be enhanced by increasing the Islamic banking behavior into rural areas as well as small group of people that increases mobilization of economic resources through the collection of Muslims Zakah and Sadaquah that need to be directed to the poor people. 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