STRATHMORE UNIVERSITY SCHOOL OF FINANCE AND APPLIED ECONOMICS BSF 1101 ACCOUNTING AND REPORTING 1/INTRODUCTION TO ACCOUNTING 9. NOT FOR PROFIT MAKING ORGANIZATIONS 9.1 Introduction These are organizations that are set up to promote or to cater for the welfare of the members involved and not to make a profit. These include clubs‚ (e.g. professional clubs‚ academic clubs‚ sports clubs)‚ welfare associations and any other societies (charitable institutions). Because these organizations are
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The non-profit organization (NPO) is itself the employer. The board of directors (the "Board")‚ usually elected by the general meeting of the members at an annual meeting‚ is responsible for overseeing the work of the organization and its employees. While decisions on the advice to hire staff or volunteers can delegate management team‚ board members are still responsible for the overall supervision of the organization‚ and can‚ in certain circumstances‚ are legally responsible decisions during his
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Throughout the duration of this course‚ you will be performing literature reviews and presenting findings on the topic of petroleum. For this specific assignment‚ please do the following: Identify a topic or a problem faced by the global petroleum industry. Once the problem has been identified‚ your goal is to solve it. Provide an overview of the problem and a solution that is supported by current research. Tips for Selecting a Topic or Problem What subject within the global oil and gas industry
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effective in carrying out their mission. The greatest potential benefit of nonprofit groups operating like businesses is operational efficiency and less dependency on public funding. As described in the case study‚ “Blurring the Line Between Profits and Nonprofits‚” when Michael Miller became President of Portland Goodwill in the mid-1980s‚ he adopted a corporate approach to running the charity that increased total sales tenfold (Johnson‚ 2007‚ p. xxiii). By adopting business best practices
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profitability begins to decline. The company is still considered profitable at this point‚ but losing ground. The second period is known as the period of crisis. At this point the company needs to turnaround. This stage is marked by a decline in profits (even negatives)‚ a fall in market share and the company’s poor cash situation. The third stage is the period of recovery or the turning point. This is the stage where serious action is taken to turnaround the company. Important decisions like scaling
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INSURANCE AND RISK MANAGEMENT SOLUTIONS TO STUDY QUESTIONS CHAPTER 1: Nature of risk and its management 1. Explain the meaning of risk. In your explanation‚ state the relationship between risk and uncertainty. Risk is defined as a condition where there is the possibility of an adverse deviation from an expected outcome. That is‚ there is the possibility of loss. Risk is a state of the real world in which a possibility of loss exists‚ while uncertainty is a state of mind characterised
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Risk is defined in ISO 31000 as the effect of uncertainty on objectives (whether positive or negative). Risk management can therefore be considered the identification‚ assessment‚ and prioritization of risks followed by coordinated and economical application of resources to minimize‚ monitor‚ and control the probability and/or impact of unfortunate events[1] or to maximize the realization of opportunities. Risks can come from uncertainty in financial markets‚ project failures‚ legal liabilities‚
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POLITICAL RISK Abstract How companies could face political risk? We decided to investigate many study cases of political risk based on what we have learnt in class and trying to focus in distant regions such as Eastern Europe and Southeast Asia for not being redundant on the already well-known cases of Latin America. To achieve it‚ we used the data base of ProQuest and we found many articles about it. The references of this investigation are included in the bibliography of this work at the end
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occur and they must be able to handle the quickly and efficiently. No person should feel discriminated against in their place of employment and possibly with everyone adhering to the policies this may one day be the case. Increasing Age Diversity in the Workplace In a country that is diverse as the United States one would think that discrimination would not occur. Unfortunately differences in age‚ culture‚ and sex still represent some of those that are being discriminated
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rentals were done and eventually became the leader of movie rental industry while Blockbuster and many other companies eventually became bankrupt. Netflix’s story of success is also one of caution as Netflix realizes that they will continue to face many risks throughout their business cycle and if they don’t anticipate and/or respond correctly‚ they too could face the same result as Blockbuster. As of December 31‚ 2009‚ Netflix served approximately 12 million subscribers. Currently‚ Netflix claims on its
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