Contemporary Issues of Management Accounting Essay Example for Free

Contemporary Issues of Management Accounting Essay This allows the opportunity for them to hone their skills and abilities at a constant rate while offering numerous benefits to the company. These benefits manifest themselves in employee loyalty, low turnover costs and fulfilment of company goals. Figure 6: JIT Model * Some Key Elements of JIT: 1. Stabilize and level the MPS with uniform plant loading (heijunka in Japanese): create a uniform load on all work centers through constant daily production and mixed model assembly (produce roughly the same mix of products each day, using a repeating sequence if several products are produced on the same line). Meet demand fluctuations through enditem inventory rather than through fluctuations in production level. Use of a stable production schedule also permits the use of backflushing to manage inventory: an end item’s bill of materials is periodically exploded to calculate the usage quantities of the various components that were used to make the item, eliminating the need to collect detailed usage information on the shop floor. 2. Reduce or eliminate setup times: aim for single digit setup times (less than 10 minutes) or onetouch setup this can be done through better planning, process redesign, and product redesign. 3. Reduce lot sizes (manufacturing and purchase): reducing setup times allows economical production of smaller lots; close cooperation with suppliers is necessary to achieve reductions in order lot sizes for purchased items, since this will require more frequent deliveries. 4. Reduce lead times (production and delivery): production lead times can be reduced by moving work stations closer together, applying group technology and cellular manufacturing concepts, reducing queue length (reducing the number of jobs waiting to be processed at a given machine), and improving the coordination and cooperation between successive processes; delivery lead times can be reduced through close cooperation with suppliers, possibly by inducing suppliers to locate closer to the factory.

Essay --

During the Vietnam war the press and the media had complete atonement. For the first time the media had no censorship. The historical films that were made to be based off the Vietnam war were not accurate and were very distorted for entertainment value. I also think that the press media was very distorted as well. Many movies like The Green Berets and Medium Cool substituted violence for historical content. But not only were they filled with pointless violence they also had a lot of racist clichà ©s in them. Although the films were not giving the war a good name, It is possible that it was the media press that started the non support of the war. At first the media was very supportive of the war, but when the news did coverage of the Tet offensive it also sparked the anti war movement. Many major groups felt that the war was foreclosing the hope of making America a decent and truly democratic society. Martin Lutther King was also opposed to the war. He did not like that America would put funds into a war that we should not be in, in the first place, and that was also on foreign soil ...

Functional Areas of Business

Depending on the size of organization, functional areas may be directed by specific departments with upper management, mid-level and front line managers. In comparison, a small business is often managed by one leader only, who's responsibilities overlap. Management The management role includes more than simply being in charge of employees. Instead, this position coordinates and oversees the work of others, ensures organization goals are accomplished, and ensures the business success.Furthermore, managers monitor the efficiency and effective use of employees because workers are the most important resource f an organization (Stephen & Robbins, 2010). Managers also oversee and control functions that are not obvious, but play a crucial role in the company's success. Law is the legal aspect of business that effect business and small firms. Managers use business law to ensure operations are legally sound, noncompliance with all state, federal and international requirements, and regulations to help solve problems.Human resources or short HER address concepts of personal development throughout employee's lifestyle. During the hiring and training process human resources have a high importance. For proper compensation and if disciplinary actions are taken (Stephen & Robbins, 2010). A large role for managers plays the aspect of leadership which covers different ways to influence employees to achieve organization goal, inspire and motivate, handle conflicts, as well as power struggle and organizational change.Accounting maintains and audits financial aspects of a business that is separated into financial and managerial accounting. Financial accounting studies the creation of financial statement, for example, income statements and balance sheets. Managerial accounting looks at statements and helps make decisions, including budgeting for upcoming projects and control cost within the firm (Stephen & Robbins, 2010). Finance addresses the process of setting up and maintaining t he fiscal success of the firm including revenue. Finance is useful for managers in many ways, especially when needing fund for new business venture.The study of production, distribution and consumption of goods and services within countries and individual firms are a part of economics. It is used to maximize profits and to Andre market conditions, for example, recessions (Stephen & Robbins, 2010). Leaders collect data and use methods as well as static to interpret them to find out important information about their business as part of research and statistics. This fiction will help make decisions on what business practices to continue to use and which ones to modify in the future. Operations management is devoted to increasing the value of the firms supply chain.This function is used to ensure that the process f getting goods and service is smooth and error free (Stephen & Robbins, 2010). Marketing interests the end consumer in a product or service and to keep this client happy. Such technique is used to determine which product or service to offer, the type of advertising and creation of a good image of their brand. Strategic planning is applied to ensure origination's goals are met. Marketing helps bring all aspects of the firm together and ensures the company's success (Stephen & Robbins, 2010).The Journal of Enterprising Communities: People and Places in the Global Economy addresses why small business, with between five to went employees, Often fail to grow. Most times, the difficulty directly relates to the little or no knowledge of growth requirement and organizations barriers. A SOOT analysis, which included strength, weaknesses, opportunities, and threats, allows leaders to develop a company goal as well as an action plan on how to reach it. According to Perks, â€Å"Small businesses that grow during their flirts four years of establishment more than double their chance of survival (Perks, p. 21, 2010). Omnipotent view of management states that managers are directly responsible for the organization's success as well as failure. Actions and decisions of leaders are directly related to an organization's success. Well performing leaders adjust and maximize chances, improve bad performances, as well as manage the company. Therefore, managers are compensated for the business' success with stock options, incentives, ores. On the other side, upper management is believed to be responsible when profits are down and then fired or replaced by new managers (Stephen & Robbins, 2010).Symbolic view of management describes the failure and success of companies impacted by external influences that are outside of leader's ability to control. This view is arguing that managers have little control over external factors for example customers, economy, competitors, decisions of previous leaders and others. Managers have only symbolized influence and control by creating action plans, and limited influence of failure and success according to this view. Co nclusion Whether in a small or large company, managers oversee a wide range of functions to ensure the success and high performance of all areas. Functional Areas of Business Depending on the size of organization, functional areas may be directed by specific departments with upper management, mid-level and front line managers. In comparison, a small business is often managed by one leader only, who's responsibilities overlap. Management The management role includes more than simply being in charge of employees. Instead, this position coordinates and oversees the work of others, ensures organization goals are accomplished, and ensures the business success.Furthermore, managers monitor the efficiency and effective use of employees because workers are the most important resource f an organization (Stephen & Robbins, 2010). Managers also oversee and control functions that are not obvious, but play a crucial role in the company's success. Law is the legal aspect of business that effect business and small firms. Managers use business law to ensure operations are legally sound, noncompliance with all state, federal and international requirements, and regulations to help solve problems.Human resources or short HER address concepts of personal development throughout employee's lifestyle. During the hiring and training process human resources have a high importance. For proper compensation and if disciplinary actions are taken (Stephen & Robbins, 2010). A large role for managers plays the aspect of leadership which covers different ways to influence employees to achieve organization goal, inspire and motivate, handle conflicts, as well as power struggle and organizational change.Accounting maintains and audits financial aspects of a business that is separated into financial and managerial accounting. Financial accounting studies the creation of financial statement, for example, income statements and balance sheets. Managerial accounting looks at statements and helps make decisions, including budgeting for upcoming projects and control cost within the firm (Stephen & Robbins, 2010). Finance addresses the process of setting up and maintaining t he fiscal success of the firm including revenue. Finance is useful for managers in many ways, especially when needing fund for new business venture.The study of production, distribution and consumption of goods and services within countries and individual firms are a part of economics. It is used to maximize profits and to Andre market conditions, for example, recessions (Stephen & Robbins, 2010). Leaders collect data and use methods as well as static to interpret them to find out important information about their business as part of research and statistics. This fiction will help make decisions on what business practices to continue to use and which ones to modify in the future. Operations management is devoted to increasing the value of the firms supply chain.This function is used to ensure that the process f getting goods and service is smooth and error free (Stephen & Robbins, 2010). Marketing interests the end consumer in a product or service and to keep this client happy. Such technique is used to determine which product or service to offer, the type of advertising and creation of a good image of their brand. Strategic planning is applied to ensure origination's goals are met. Marketing helps bring all aspects of the firm together and ensures the company's success (Stephen & Robbins, 2010).The Journal of Enterprising Communities: People and Places in the Global Economy addresses why small business, with between five to went employees, Often fail to grow. Most times, the difficulty directly relates to the little or no knowledge of growth requirement and organizations barriers. A SOOT analysis, which included strength, weaknesses, opportunities, and threats, allows leaders to develop a company goal as well as an action plan on how to reach it. According to Perks, â€Å"Small businesses that grow during their flirts four years of establishment more than double their chance of survival (Perks, p. 21, 2010). Omnipotent view of management states that managers are directly responsible for the organization's success as well as failure. Actions and decisions of leaders are directly related to an organization's success. Well performing leaders adjust and maximize chances, improve bad performances, as well as manage the company. Therefore, managers are compensated for the business' success with stock options, incentives, ores. On the other side, upper management is believed to be responsible when profits are down and then fired or replaced by new managers (Stephen & Robbins, 2010).Symbolic view of management describes the failure and success of companies impacted by external influences that are outside of leader's ability to control. This view is arguing that managers have little control over external factors for example customers, economy, competitors, decisions of previous leaders and others. Managers have only symbolized influence and control by creating action plans, and limited influence of failure and success according to this view. Co nclusion Whether in a small or large company, managers oversee a wide range of functions to ensure the success and high performance of all areas.

Power Electronics For Renewable Energy Utilization

Power Electronics Application in Renewable Energy Utilization Kyle Felthauser Department of Electrical and Computer Engineering Texas Tech University Lubbock, United States of America kyle.felthauser@ttu.edu Abstract—This paper covers the need and use of power electronics in the application of renewable energy utilization. Covered in this paper is wind energy with variable speed drives and their controlling power electronics. Solar energy, specifically photovoltaics and their controlling power electronics. High-voltage direct current transmission lines and the power electronics that allow for this technology to exist. Keywords—Power Electronics; Wind Energy; Solar Energy, High-Voltage Direct Current I. INTRODUCTION Energy demands are on the rise across the world and in many modernized countries the push for renewable energy is rising. Two of the main renewable energy sources that are getting a lot of attention are wind and solar. One of the difficulties presented with some renewable energy sources are their inherent inconsistency. Wind intensities change from hour to hour and from one season to the next. Solar radiation can be strong one minute and be nearly blocked out the next by a cloud. To make renewable energy more reliable and coincide with strict utility standards the use of power electronics is needed. The advancement in power electronics has also greatly improved in efficiency and allows more energy to be captured by natural resources. Another difficulty withShow MoreRelatedElectrical Design Of Electrical Engineering917 Words   |  4 PagesThe biggest concern would be the shortage of electricity since electricity is always constantly being used. An electrical designer is outlines and grows new electrical hardware, takes care of issues and tests gear. They work with a wide range of electronic gadgets, from the smallest pocket gadgets to large supercomputers. 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