Advantages and Disadvantages of the Change4Life Health Promotion Campaign Free Essay Example, 2750 words

The major advantage of the Change4life social marketing campaign is that it avoids hectoring people about their weight. Most of the people have poor food knowledge and culture and this situation increase people s vulnerability to a life-threatening health problem like obesity (Burchi, et al, 2011). In addition, the Change4life program greatly assists its audience to develop an improved food culture and avoid excessive accumulation of fat in the body. Since this public health campaign operates at the school level, it is a good movement for encouraging the new generation to follow a healthy food culture from childhood. A poor food culture together with sedimentary lifestyle contributes not only to obesity but also to other chronic diseases like diabetes, blood pressure, and cholesterol (Wakefield, 2004). Change4life advocates claim that this health promotion program can play a vital role in improving the emotional health of individuals because a healthy body is essential to maintain a healthy mind. However, one of the notable disadvantages of Change4life is that it fails to address the needs of individuals who have already developed obesity. Moreover, this program does not have proper systems to manage the health condition of obese people or to bring them back to a normal life. We will write a custom essay sample on Advantages and Disadvantages of the Change4Life Health Promotion Campaign or any topic specifically for you Only $17.96 $11.86/page

Project Plan For A Successful Bidding Of A Project Essay

Syed Abdul Rahman Student ID :19407sa Assignment 4 Project Background: This project is about to make a project plan for a successful bidding of a project which is Casio scientific calculator FC-V200V. It covers all the major point which a successful project contain likewise basic legal terms and condition, various stakeholders, target users, it also covers the technical risk involved doing this project it also has the list of the features that a scientific calculator contain. Statement of Work The first component of the project plan is a statement of work (SOW). This is a detailed description of all of the work products that will be created over the course of project, including who is responsible for making each work project. The vision and scope document is a useful starting point for the SOW But the SOW serves a different purposes—while the vision and scope document talks about it. The rationale for the project (the needs that must be met, the list of users and stake holderswho need it built, etc.) the SOW simply contains a detailed list of the work that must be done and all of the work products that will be produced. The SOW is included as part of the project plan, but it should be aShow MoreRelatedDescription Of The Construction Bidding Process1213 Words   |  5 PagesDescription of the Construction Bidding Process Construction bidding is the process of submitting a proposal to undertake or manage the construction of a project or specific scopes within a project. All across the country companies are bidding the construction and development of new infrastructure. This process provides opportunity for multiple vendors and subcontractors to submit their qualifications and value. The process is also valuable to the customer because they can secure the best qualityRead MoreThe Construction Of A Company956 Words   |  4 Pagescontract construction. 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Procurement planning is essential to the overall success of a project. It involves identifying the materials and services, finding the suppliers, and properly documenting the transactions. This paper includes a description of the procurement planning process. The most valuable output of the plan procurement process will be identified. FurthermoreRead MoreProposal : A Proposal For Proposal1064 Words   |  5 Pagesmake it more successfully. This agreement is considered as a type of document which investors announce that funding is available for a particular project. Companies or investors have money, however the project is over their control because it requires a long and complex process. Therefore, a request for proposal is a need to help companies complete the project in a professional way to avoid risks, losses, and unexpected things might happen when processing proposal. 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From the video it seems like the issues with contractors came after the projects were kicked off and started, which makes me think that a better job could have been done by providing clear guidance and setting specific requirements during the bidding process. Soliciting bids from only those contractors willing to adapt to the new methods and techniques specific for the projects comprised within the O lympic program could have minimize the problems encountered during execution

Application or Innovation in Engineering and Management

Question: Discuss about the Application or Innovation in Engineering and Management. Answer: Introduction Conceptual framework is a philosophy that helps in practicing the qualitative process of theories (Jabareen, 2009). Conceptual framework supports in establishing the concepts of motivating financial reporting system by setting the standards in business operations. Thus, it can be stated that the framework is more useful in understanding the objective of the financial reporting (Wiley, 2010). Corporate reporting is considered as the information, which is required to be provided to all the counterparties for maintaining a successful business transaction. It further helps to influence the corporate behavior, which potentially benefits the companies in initiating necessary changes in the business transactions (Eccles Serafeim, 2014). In the similar context, prudence is considered as one of the accounting principles that help to measure basic practical essentials of accounting. Prudence commonly defined as the capacity to respond to the uncertain conditions raised throughout the work pro cess (Pasekov, et al., 2011). To maintain an ethical and transparent work environment in the entire domain the Australian Accounting Standards Board (ASSB) has initiated certain regulations that every company needs to follow in their work process. ASSB is a government agency that concentrates to develop the quality of accounting standards for bringing transparency in the financial statements (Australian Accounting Standards Board, n.d). The paper intends to identify the contribution of conceptual framework along with prudence in addressing the disparity in corporate reporting. In accordance with the paper objective, two different companies namely A-cap Resource Limited and Deep Yellow Limited have been selected to compare their financial reports. Compliance of Annual Reports with Conceptual Framework AASB Standard Analysis of A-cap Resource Limited A-cap Resource Limited is a company listed in the Australian security exchange and considered to be the largest deposits of uranium in the world. The major objective of the company is to develop the production of uranium projects by keeping the interest of shareholders, which can help to continue the business with higher profitability in long run (A-cap Resource Limited, 2016). The chairmans report of 2015 shows decline values of the commodities in the resource sector due to which the company has changed the board members for developing the activities in the market (A-cap Resource Limited, 2015). Figure 1: Profit Loss Statement Source: (A-cap Resource Limited, 2015) Concerning the financial activities of A-cap Resource Limited, it is evident that the company earned profit of around $718,322 in the year 2013. However, it has experienced loss of a quite amount i.e. $3,005,965 in the period 2014 to 2015. The company again earned a profit of $35,098,626 in 2015, but the share price still reduced for which the company experienced a basic loss per share of $ 0.78 in the same year. On the other hand, the financial capability of the company is comparatively higher as the total asset of the company has increased from $42,633,116 to $50,180,731 in the year 2015, wherein the total liabilities has decreased from $1,193,038 to $974,181. In addition to this, the annual report also depicts that the net asset of the company has been enhanced from $41,440,078 to $49,206,550 in the year 2015. In this regard, the cash flow statement of the company helps in explaining the investment spending of the company (Bond et al., 2003). Thus, according to the cash flow state ment, cash and cash equivalents of the company at the end of the financial year has decreased from $5,070,514 to $2,207,637 from 2014 to 2015 (A-cap Resource Limited, 2015). The financial information can be elaborated in more effective manner through the following figure: Figure 2: Consolidated Statement Source: (A-cap Resource Limited, 2015) Based on the information obtained from the company reports, it can be stated that A-cap Resource Limited has always practiced all the policies by following the recommendation of the Australian Security Exchange (ASX) to maintain transparency within the business. Apart from this, the financial report represents the actual view on the financial condition and operation results as per the standards set by the AASB. The company has effectively communicated with the ASX regarding the information, wherein the financial statement of the company properly included all the criteria according to the AASB including the Australian Accounting Interpretations. From this perspective, it is stated that provisions have been implemented for providing benefits to the employees as well as other stakeholders. For instance, by disclosing remuneration in the Directors report, the company can fairly and responsibly address all the issues that might face by the employees (A-cap Resource Limited, 2015). Hence, it is observed that by following the rules and criteria of the AASB the company has successfully enhanced its overall performance along with the satisfaction level of the stakeholders as well. Figure 3: Cash Flow Statement Source: (A-cap Resource Limited, 2015) Analysis of Deep Yellow Limited Deep Yellow Limited is also an advanced uranium exploration company, which operates in Australia and Namibia. The preliminary focus of the company is become a developer and producer of the uranium by concentrating on the Namibian projects (Deep Yellow Limited, 2015). The consolidate statement of profit and loss explains that the revenue and other income of the company have increased from $158,513 to $687,875 from 2014 to 2015. The total comprehensive loss for the period 2015 is $18,713,144, which is lesser as compared to 2014i.e. $22,901,684 (Figure 4 (2Deep Yellow Limited, 2015). Figure 4: Profit Loss Statement Source: (Deep Yellow Limited, 2015) Apart from this, the total asset of the company has decreased from $72,061,973 to $57,907,524 from 2014 to 2015, whereas the total liabilities have increase from $307,035 to $ 286,538 in the year 2015 as compared to 2014. This implies that the company needs to concentrate on enhancing assets which in turn will help to continue the business in more effective manner (Deep Yellow Limited, 2015). The rise in the cash and the cash equivalents of the company is also evident from $1,235,654 to $ 3,926,631 (Deep Yellow Limited, 2015). In this regard, it can be affirmed that the company has positively adopted the accounting principles for the preparation of the financial statements as per the standards set by AASB. The corporate governance of the company follows the framework set by the ASX council (Deep Yellow Limited, 2015). The financial statements can be illustrated through the following figure in more elaborately: Figure 5: Consolidated Statement Source: (Deep Yellow Limited, 2015) Disclosure of the information by the company helps to attract the interests of potential investors for further investment (Li, 2008). Disclosure policy of the company has been complying with the recommendations of the ASX requirements, wherein the remuneration of the executives are monitored by the remuneration committee that helped in initiating appropriate measures concerning the packages of the executives or non-executives and other members as well. The ethical practices are actively promoted by the company to keep a peaceful environment among all the stakeholders (Deep Yellow Limited, 2015). Figure 6: Cash Flow Statement Source: (Deep Yellow Limited, 2015) Inclusion of Prudence in the Conceptual Framework Prudence is the ability to practice public usefulness guideline in which the behavior and decisions of companies are reviewed. The concept of the prudence can provide more positive outcome to the companies that takes the responsibility of its endurance (Beecher, 2008). The financial statements included in a document of a framework that increases the process of the setting standards and its development for future assistance. The conceptual framework provides a foundations on which the standards of accounting is largely depends (Pearson, 2010). Prudence plays a crucial role in the conceptual framework for setting right standards for the financial statements. The preparation of the financial accounts has to compete with many difficulties and uncertain circumstances such as inclusions of doubtful receivables, unexpected life of equipments and machineries (IFRS, 2015). These uncertainties can be well addressed by exercising the prudence in preparing the financial accounts (Stedman, 2011). The implementation of the prudence can be seen clearly on both the listed companies namely A-Cap Resource Limited and Deep Yellow Limited. The companies have identified and supported their responsibilities by setting the accounting standards while preparing financial statements. The exercise of the prudence assists in identifying the overstatement of assets and incomes as well as the understatement of liabilities and expenses. The Directors report of A-Cap Resource Limited revealed the financial position and performance of the companies, wher ein it is observed as per the report that the employees has effectively contributed in satisfying their role. The principal activity of the Consolidate Group is to study the ongoing possibility of Letlhakane Uranium Project. The group has adequately compliance with the environmental legislation, by designing the remuneration policy through which the company has managed to offer long-term incentives for the directors and executives (A-Cap Resource Limited, 2015). On the other hand, the main activity of the Deep Yellow Limited for the year 2015 is to explore the uranium mineral in Namibia and diversify its iron ore project. The board of the company has successfully identified key operational issues, which helped in monitoring the performances. The monthly report of performance is regularly evaluated by the board during the board meetings, which supported in sorting the areas of difficulties in business operations. In addition, the group effort of the company is also able to protect its core assets and kept the strong companys position in the market. Therefore, by continuing such proceeding, the company can manage the difference in the corporate reporting. In this regard, the coordination between the managements has played a significant role in eradicating the disparity among the management professionals (Deep Yellow Limited, 2015). Comparing and Contrasting the Two Annual Report A-Caps Resource Limited and Deep Yellow Limited both have followed the guidelines set by the AASB in preparing the financial statements. The depreciable amount of the all fixed assets of the A-Caps Resource Limited has been performed on a straight line basis over their useful lives, wherein the rates of depreciation are vehicles 25%, computer hardware software 20%, furniture and fittings 15%, geophysical equipment 20%, containers and sheds 15% and camp field establishment 15% (A-cap Resource Limited, 2015; Velmurugan, G, 2014). On the other hand, the depreciation of machinery and plant of Deep Yellow Limited has been calculated using the written down value method to allocate the costs, net residual values against the estimated lives, which includes office equipment and fittings 12.5%-33% of cost, site equipment 25% of cost, motor vehicles 25% of cost and leasehold property and buildings 5% of cost. Hence, it is apparent that both the companies have followed the advanced accounting principles by preparing the financial statements on a historical cost basis (Deep Yellow Limited, 2015). The categorization of the assets and liabilities of both the companies followed the criteria according to the advanced accounting principles and set standards of the AASB. Besides, the annual report of the company shows the certain degree of credibility as compared to other corporate source (Jenkins Yakovleva, 2006). Hence, both companies annual reports have helped in comparing the performances and identifying the differences in the work (Bose, 2010). Therefore, it can be stated based on the annual reports that although the companies have different types of operation process and strategic priorities, evident in the reports, both the companies have operated the business according to the set standards of AASB. Conclusion Based on the evaluation of A-Cap Resource limited and Deep Yellow limited, it is apparent that both the companies operate their businesses in the energy industry. The conceptual frame of AASB has been followed by both the companies, wherein A-Caps Resource Limited is able to convert the loss suffered in 2014 into profit by the year 2015. The companys net asset has also been increased as compared to 2014. On the other hand, Deep Yellow Limited has to experience a loss in 2015, though the amount has decreased as compared to the year 2014. The company has failed to increase the value of its net asset in 2015, but the total current assets have been cited as increased. From this perspective, it can be stated that A-Caps Resource limited is unable to increase the total current asset in 2015. To mitigate this concern the company can use the sweep accounts through financial institution and decrease the overhead expenses. To get more inflow of the cash, A-Caps Resource needs to improve the borrowings, loans and debt management with legitimacy and economic reasonableness. From a different perspective, it is also apparent Deep Yellow limited has encountered a loss in 2015, which can be mitigated by minimizing the overhead cost through the utilization of the bookkeeping in an efficient manner. Apart from this the company is also suggested to increase the paid-up capital and decrease the liabilities as well. References A-cap Resource Limited, 2015, Chairmans Report, Annual report 2015, pp. 1-70. A-cap Resource Limited, 2016, Home. Strategy. viewed 08 September 2016 https://acap.com.au/corporate/strategy/ Australian Accounting Standards Board, No Date, AASB board. About The ASSB. viewed 08 September 2016 https://www.aasb.gov.au/AASB-Board.aspx Beecher, J, A 2008, The prudent regulator: politics, independence, ethics, and the public interest. Energy Law Journal, vol. 29, pp. 577-614. Bond, S et al. 2003, Financial factors and investment in Belgium, France, Germany, and the United Kingdom: A comparison using company panel data, The Review of Economics and Statistics, vol. 85, no. 1, pp. 153-165. Bose, D, C 2010, Advanced accounting, PHI Learning Pvt. Ltd, New Delhi. Deep Yellow Limited, 2015, Company Profile, Annual report 2015, pp.1-57. Deep Yellow Limited, 2015, Governance. Corporate Governance Statement, viewed 08 September 2016, https://www.deepyellow.com.au/corporate/governance.html Eccles, R, G. Serafeim, G 2014, The functions of corporate reporting. Corporate and Integrated Reporting: A Functional Perspective, pp.1-21. IFRS, 2015, A Tale of prudence, Investor Perspectives, pp.1-6. Jabareen, Y 2009, Building a conceptual framework: Philosophy, definitions, and procedure, International Journal of Qualitative Methods, vol.8, no.4, pp. 49-62. Jenkins, H, Yakovleva, N 2006, Corporate social responsibility in the mining industry: Exploring trends in social and environmental disclosure, Journal of Cleaner Production, vol. 14, pp. 271-284. Li, F 2008, Annual report readability, current earnings, and earnings persistence, Journal of Accounting and Economics, vol. 45, pp. 221-247. Pasekov, M. et al., 2011, Auditors insight on prudence principle application in Czech Smes, Recent Researches in Applied Economics, pp. 139-144. Pearson, 2010, Why a conceptual framework, Conceptual Framework for Financial Reporting, pp.36. Stedman, J, M 2011, Their application to assessment of psychopathology and psychotherapy, Practical Philosophy, vol. 10, no. 1, pp. 57-64. Velmurugan, G 2014, A study on depreciation of assets under the companies act, 2013, International Journal of Application or Innovation in Engineering Management, vol.3, no.12, pp. 183-191. Wiley, 2010, Conceptual Framework, Conceptual Framework for Financial Reporting, pp.1-23.

Oil Drilling free essay sample

No Oil Drilling In Protected Areas Oil, or petroleum, is a complex mixture of various hydrocarbons and rock minerals found below the earths surface. When the oil is extracted from the ground it is then refined into various gases or fuels and as a raw material, it can be used to make plastic, pesticides and many more uses. Oil drilling is a process of perforating the earth’s surface and rock layers to extract fossil fuels or oil for energy productions. Oil is found all over the world and it is drilled in many countries. It is formed from the organic decay of plants and animals that existed millions of years ago. Although oil is very useful but drilling it is commonly associated with environmental damages, as it requires the disruption and depletion of certain lands and their resources. As oil grows scarcer, companies look for more places to drill, and many now have their eyes on protected wildlife areas. We will write a custom essay sample on Oil Drilling or any similar topic specifically for you Do Not WasteYour Time HIRE WRITER Only 13.90 / page Although drilling oil in Belize could be useful to the society therefore it should be banned from the protected areas because it will destroy the land, threatened endangered species and loss of ecosystems. Oil drilling will cause destruction to the land and pollution to the atmosphere. Drilling often requires the construction of roads, lodgings, oil derricks, and other buildings, which can be unsightly and disrupts the composition and fertility of the soil, as well as the drainage patterns that form naturally within it. This can have devastating effects on plant growth, as soil becomes either too polluted or too wet or dry to support life. In the case where there is too much deforestation, this can leads to destroying natural habitat and erosion of the soil causing another challenge to the land. When oil is drilled, it can result in spills on the land. This oil spilled seeps into underlying groundwater affecting us as humans. Although it is used to make fuels and gases for us to make our life easy but when these are burned, they releases toxic substances in the atmosphere which can be harmful for the environment and even us. Many endangered species are going to be threatened in the protected areas. These animals and plants that live or are secured in the protected areas are to be saved from extinction. We are not supposed to be demolishing their homes and life. Therefore there should be no oil drilling in these protected areas. If oil is drilled, we will lose the beauty of our land and affecting or killing endangered species. Some species depends on other species for survival. Once the oil is pumped to the surface, it occasionally leads to accidental spills and this can be detrimental to wildlife especially endangered species that are in the areas and destroys their habitat. Plants are covered with the oil when it is spilled and animals that feed on these plants get infected damaging inside their bodies leading them to death. Other animals that feed on these infected animals also get infected. While other the oil stick to their bodies, especially birds avoiding them to breathe or even moving. Therefore we must not allow oil to be drilled in protected areas since it affect animals and plants life. Destroying protected areas will result in the loss of ecosystems. Drilling in protected wildlife areas can also disrupt food chains, as some animals are able to stop hunting and scavenging by feeding on the trash left by workers. Food sources are wiped out in spills, meaning that spilled oil covers and kills not only the flora and fauna but animals that rely on them for food will also be affected by starvation. When predators are forced to eat affected food, they can become poisoned from ingesting oil-soaked tissue. Although drilling oil in Belize protected areas can be useful to the society but it has negative effects on wildlife, especially our endangered species and also the environment. Oil drilling operations has effects on future generations. Despite all of the uses that we have for oil, it can be hazardous to the environment and ecosystem. Therefore in order for us to maintain a clean environment, we should not be drilling oil in protected areas but protecting it for future generations. Let us emphasize on being environmentally friendly and protecting nature from losing its beauty. References: * Oil. Encyclopedia Britannica. Encyclopedia Britannica Ultimate Reference Suite. Chicago:Â  Encyclopedia Britannica, 2010.