Contingency Planning Kimberlea Penney AIU Online February 10‚ 2013 Prof. R. Rodriguez ABSTRACT Contingency planning is an effective back up plan to any situation that requires an alternative course of action for the outcome of a common goal. There are several steps involved in contingency planning and these steps prepare for the strategic planning process to come to full effectiveness for a facility. A full plan for a facility allows for immediate resolutions for managing and addressing the
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professors who have 2 different definitions of the accounting career: Peter Atrill and Gareth Morgan. These 2 doctors gave dissimilar knowledge about accounting but it is still useful to accountants or decision makers. This essay will explain these 2 definitions of both Morgan and Atrill‚ and a critical discussion that supports my opinion about the better description of the work of accountants. Firstly‚ Morgan proves that accountants are constructors of reality. Through the definitions in “Accounting
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The contingency plan for this web-based business is a documented structure which provides instructional and referral information for response to emergency‚ back-up operation and post disaster recovery for information technology systems pertaining to system malfunction‚ power failures and protection from hackers and fraudulent activities. The contingency plan answer questions such as is the data backed up every day? Whether alternative servers are available for applications to be accessed from in
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What is a Contingency Plan? Also known as “Scenario Planning”‚ a contingency plan is the creation of alternative hypothetical but equally likely future conditions. It’s about preparing for events such as the loss of Top Management‚ Customers‚ Suppliers and Market Share due to competition. Contingency planning is a normal part of everyday business. The need for a contingency plan‚ or a plan “B”‚ is extremely important and requires a thorough analysis of risks that a business may face. Dell
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recognized for a legal or constructive obligation arising from a past event‚ if there is a probable (more likely than not) outflow of resources and the amount can be estimated reliably (IAS 37.14). In contrast‚ according to FASB ASC 450-20-25-2‚ a contingency (provision) is recognized if it is probable (likely) that a liability has been incurred and the amount is reasonably estimated. Scenario 1 (1) Under IFRSs: According to IAS 37.22‚ the contamination of the land gives rise to a legal obligation for
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2 – 2hr Workshop - Contingency KEY TERMS AND CONCEPTS Contingency: a theory meaning one thing depends on other things. Contingency approaches: approaches that seek to delineate the characteristics of situations and followers and examine the leadership styles that can be used effectively. Fiedler’s contingency model: a model designed to diagnose whether a leader is task-oriented or relationship-oriented and match leader style to the situation. Situational theory: Hersey and Blanchard’s
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The evolutionistic theory refers to the biological concept of progress and development. The theory states that organisms were meant to increase in complexity‚ and later on included cultural and social evolution by comparing primitive tribal groups to modern society‚ and studying how certain aspects in the tribal groups were repeated all over the continent. Edward B. Tylor and Lewis H. Morgan brought the term "evolution" to anthropology‚ which makes them crucial to the growth and improvement of anthropology
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Gareth Farr 1. Brief Biography of His Life: a. Gareth Farr was born on the 29th of February 1968 in Wellington. As a child he was extremely responsive to pitched noises (indicating his musicality). He used to spend hours at a time sitting in front of the washing machine listening to the noises it made. The “agitator” in particular fascinated him because of the whirring noise it produced with a variance in pitch. From a very young age he used to walk over to people’s houses and say “can
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FIEDLER CONTINGENCY MODEL The Fiedler contingency model is a leadership theory of industrial and organizational psychology developed by Fred Fiedler (born 1922)‚ one of the leading scientists who helped his field move from the research of traits and personal characteristics of leaders to leadership styles and behaviours. Two factors The first management style‚ Taylorists‚ assumed there was one best style of leadership. Fiedler’s contingency model postulates that the leader’s effectiveness
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John Pierpont Morgan is considered one of the founding fathers of the modern United States economy. He was an industrial genius that is accredited with the founding of many companies including General Electric and AT&T. However‚ Pierpont is looked upon as a saint and demon the same. He received a honorary degree from Harvard university that read: "Public citizen‚ patron of literature and art‚ prince among merchants‚ who by his skill‚ wisdom and courage‚ has twice in times of stress repelled
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