Management accounting & decision making Essay Example | Topics and Well Written Essays - 2000 words

Management accounting & decision making - Essay Example As at September 30, 20X0 Property, Plant and Equipment 1,840,000 Less: Depreciation (133,167) Net Book Value 1,706,833 Inventory 9,000 Receivables 144,585 Cash 172,700 Total Assets 2,033,118 Owner's Capital 2,000,000 Profit for the year (92) Creditors 12,960 Overhead cost payable 20,250 Total capital and liabilities 2,033,118 The above statement presents the cash budget, income statement and the statement of financial position for the six months ended September 30. In the forecasting of the cash budget, the effect of inflation has been ignored. During the six months period the inflation is expected to rise and it will impact all the variables of the projections. In addition, it has been assumed, in the cash flow forecast, that the credit sales will be settled at the end of two months. Same assumption has been applied in the cost of purchases which is being assumed to be settled at the end of the next month in which the sales were made. It has also been assumed that purchases, in orde r to maintain the inventory level to ? 10,000, are included in the total cost of purchase. In the income statement, it has been assumed that China glass and cutlery, bed linen and towel and miscellaneous items including toiletries are revenue expenditure and will be consumed entirely during the current period. The loss in inventory is proportionately divided between the two half of the years and half of the expected loss is taken. The corresponding impact has been taken in the inventory. Task 2 (a) As per the given scenario, the average spending has decreased by 15% which means that the average spending in actual turned out to be 127.5. If we substitute this figure with the current expected occupancy rate, the revenue is likely to decrease. The following table presents the revised income statement Income Statement In ? For the six months ended September 30,20X0 Revenue 386,325 Cost of Purchases (77,265) China glass and cutlery (10,000) Bed linen and towel (10,000) Miscellaneous item s including toiletries (5,000) Labor Cost (77,265) Overhead Cost (96,581) Depreciation (133,167) Losses in inventory (1,000) Net loss (23,953) As apparent from the above table, the net loss has further increased which would adversely affect the financial outlook of the company. In order to maintain the previous less of profitability (in this case net loss of 92) the company is required to maintain the same level of sales. This can only be done by increasing the level of occupancy so that the sales remain the same at ?454,500. In order to maintain the same level of sales the monthly occupancy should be increased by 20% monthly. Since the occupancy rate of august is already 90%, it can only by increased to a perfect 100%. Following is the revised occupancy rate if the previous level of sales is desired Monty Occupancy Rate April 24% May 36% June 61% July 97% August 100% September 73% Average 65% Thus the revise sales

Leadership in Clinical Nursing Education Research Proposal

Leadership in Clinical Nursing Education - Research Proposal Example nces where he observed the significant role of nurses in extraordinary circumstances (it will be better if you add one example that you have experienced), such as that in emergency departments, intensive care units, etc. However, during such experiences, it was an observation that these experiences were nothing like that is usually mentioned in nurses’ theoretical framework in Oman, and there is an urgent need of efficient in-service clinical nursing education. In other words, it is an understanding that the role of nursing as a profession, as well as their status and character needs alteration in the context of Omani healthcare environments that will be possible by the availability of high-quality in-service clinical nursing education. In this regard, findings and outcomes of the proposed research will act as foundation of such premise that will be beneficial for the new generation of nurses in the country in terms of new opportunities for the acquisition of capabilities and skills required. In addition, it will be advantageous for the government, as it will have the opening to redefine the notion of nursing in the country. PRELIMINARY LITERATURE REVIEW Brief review of the literature (Marquis & Huston, 2008) has indicated that nursing enjoys massive popularity in developed parts of the globe due to its significant role of caring in human lives. However, in developing nations, it still lacks importance, and most importantly, there seems a gap between realistic circumstances and theoretical frameworks existing in clinical nursing education. The basic disparity is that all nurses receive the same nature of education during their learning process; however, it is an observation (Miller, 2008) that when confront realistic healthcare settings, nurses feel disparity between... This paper approves that researcher completely understands the significance of ethical consideration in the research, and thus, while carrying out primary research methodology, the researcher will put extra efforts to ensure confidentiality and privacy of participants for the fulfillment of ethical guidelines. For this purpose, the researcher will endeavor to acquire written permission from the ethics committee of the universities, as well as from the hospitals. At the same time, researcher will inform participants about objectives of the proposed study before beginning of the data collection process that will be a way of encouraging truthful answers from the participants and ensuring data integrity. In addition, during the interview, the researcher will ensure that name of the participant remain anonymous in order to avoid any unwilling response during the study. This paper makes a conclusion that in particular, the proposal indicates intention of the researcher to bring a change, particularly, in the regulatory organization for nurses in the Sultanate of Oman in terms of the status of nursing as a profession. In addition, the researcher anticipates an alteration in the form of a new framework of in-service education that will be beneficial for the healthcare industry, as well as for education sector of the country. Briefly, the researcher expects that after approval of the research, findings of the proposed study will be an efficient contribution to the world of academia in the form of a published report, and believes that recommendations of the proposed study will play a noteworthy role in enhancing the role of nurses and nursing in the future.