Business report explaining a certain topic Essay

Business report explaining a certain topic - Essay Example Another motivating factor can be where people will be motivated to reach their target. This will lead to their success and recognition. The need for recognition and job satisfaction which is that emotional payoff can also be a motivator (Madura, Jeff 35). This topic also looks at the importance of motivation. This helps in appreciating this topic. Some of the benefits it provided by motivation include improving the level of efficiency of people. It helps to appreciate that in order to get quality output from employees, the gap between ability and that willingness has to be filled. This in turn also helps in the achievement of the organizational goals. Employees who feel appreciated are most likely to work efficiently as they feel as being part of the organization. Goals may be achieved where co-ordination and co-operation takes place simultaneously. This can be done effectively through motivation. Motivation is important to understand as these leads to retention and stability of staff. This is because they will feel as being part of the organization. By looking at the importance of motivation, the topic also looks at the causes of de-motivation. A drop in staff motivation can become damaging to the business if the cause of de-motivation is not identified and addressed. Some of these de-motivating factors include: Inadequate job skills due to lack of training of staff. This affects the confidence of employees and frustrates the employees that affect their motivation. This is because of lack of the knowledge to perform what is expected from them. It can also be caused by goal flaws where company goals may not be inclusive of the interests of the employees. This in turn makes employees not to feel as part of the organization leading to their de-motivation. Overwork is another de-motivating factor. Employees who are overworked often loose there motivation even if they receive payment for overtime worked. The topic also

Financial reporting Assignment Example | Topics and Well Written Essays - 1000 words

Financial reporting - Assignment Example Financial statements, prepared on the basis of historical cost accounting method, do not provide a fair and true presentation of equity’s performance or future prospects, if capital is inadequately maintained (Charnes, 1976). Moreover, critical assessment of equity’s performance by studying ratios, such as, return on capital employed, will be useless if capital is undervalued, profit is overstated and values of assets are misinterpreted. These sometimes occur because of historical cost accounting. The limitations have been summarized as follows: Overestimating and valuing profits by undercharging depreciation on the basis of historical cost and recording sales cost at original cost of inventories, may result in the reduction of an entity’s capital because of high taxation charges and distribution (Belfo and Trigo, 2013). This accounting approach toughens the task for analysts and shareholders of evaluating and assessing the ability and performance of management. This is precisely because variations in the situation of the current market are not considered in historical valuation approach. Then, owner of the entity tried to restock his inventory and realized that the cost of replacement was $2,200. They did not have enough cash to restructure to the pre-sale condition. The difficulty escalated due to the fact that the owner was unable to differentiate between the profits generated from holding the inventory for a particular time period before selling it and the revenue that was generated through trading. Had the company matched the cost of replenishment against revenue, they would have realized a profit of $300. If this excess proceed had been withdrawn, it would have left the company with $2,200, which could be used for the purpose of inventory replacement. Thus, this example suggests the fact that historical accounting can be misleading to the user of the information (Bakar and Said, 2007). The application of general price index under this method is