Financial analysis Essay Example | Topics and Well Written Essays - 1500 words - 1

Financial analysis - Essay Example The flagship Barclays Bank has around 1700 branches spread across UK and other countries (Hoovers, â€Å"Company Description†). The group has its operation across Europe, Africa, the United States and the Middle East countries. The company deals in financial products and competes within the global financial services industry. The control and authority of an organisation lies with the corporate managers. Undoubtedly, it indicates that the managers must be conversant with the accounting position of the organisation. â€Å"The term management accounting refers to accounting the management i.e. accounting which provides necessary information to the management for discharging its function† (Anbuvelan, â€Å"Management Accounting†). Management accounting provides variable assistance to the management to carry out the managerial functions with more efficiency. There are a number of tools and techniques in Management Accounting arena. The whole process includes gathering required information and analysing them to make decision making process much uncomplicated. A number of companies use ‘Activity Based Costing’ to identify and allocate the cost of the products or services. This includes identifying the cost pools or the activity centres and within the organisation and allocating cost to the activities using the cost drivers. The assignment of the cost is done based on the contribution of various activities in any particular product or service. As this costing process considers multiple cost drivers with different activities, the distortion risk is minimised considerably, providing the required cost information. As ABC indentifies each of the overhead costs with the products and services, produced and delivered to the customers, the process is more advanced than the traditional cost techniques. The significant steps in ABC are identification of the companies’ key activities, identification of related cost amount, establishment

Exemplification Essay Example | Topics and Well Written Essays - 750 words

Exemplification - Essay Example For instance, dialogue, holding and handling cell phones divert the driver’s attention and decreases their cognizance of their environments. Therefore, there odds of triggering an accident escalatesintensely. In response to this most state legislations have applied legislative and driver education measures. Virtually all car drivers are reported to have used a cell phone while driving. In this case, drivers are 5.4 times more likely to cause an accident while driving when compared to other drivers who are not using cells phones. For instance, car drivers who were using their cell phones were 0.09 times slower in responding to road use cues, 0.19 times more likely to be unresponsive to road lane speed limits (especially following braking), and 0.24 times more likely to misjudge vehicle distances while on the road. In this respect, cell phone distraction has been reported to cause a fifth of all reported road accidents (Strayer and Johnston 462). As earlier stated, cell phones distractions are to blame for a large number of road fatalities. In reference to that, most jurisdictions have enacted legislation that regulate cell phone use by car drivers with all drivers criminally liable of found contravening the legislation. For instance, New York State has enacted regulations that criminalize any form of cell phone use by drivers; terming cell phones use by drivers as dangerous and impractical. In addition to regulations, driver education has been termed as a key program to address cell phones use by drivers. Consequently, governments and legislators have determined that cell phone use by drivers is a dangerous habit (Noder 238). Research reports that most drivers are aware that cell phone use while driving increases their likelihood of causing an accident. In this case, they acknowledge that if they are repeatedly and consistently educated on the dangers of using cell phones while driving