Risk Management Is A Essential Component Of Any Business

Risk Management is a vital component of any business, especially health care. Risk management can be generally defined as recognizing, preventing, and monitoring situations that could result in injury or liability, monetary loss, or noncompliance of regulations (Chubb Health Care, 2004, 9). In a basic risk management system, risks are identified in separate risk area. Each risk area is handled by a different department. It addresses the risks to an organization at the department level. In the basic risk management system, the risks are evaluated at a reactive approach rather than a proactive approach. In comparison, the Enterprise Risk Management (ERM) system addresses risks as an organization, or enterprise, level and is proactive†¦show more content†¦Significant risk events must be identified. The risks are analyzed based on impact and evaluated as an inherent basis or a residual basis. Risk response is determined by the method that best fits the organizationâ€⠄¢s objectives and risk tolerances. This can be by avoidance, acceptance, reduction, or sharing. The organization implements policies to respond to the risk and carry out the policy. Communication of the risk and its response is timely and appropriately disseminated through the organization. The ERM system allows for monitoring, updating, and maintaining through ongoing evaluations of processes and policies (Brannan and Taylor, n.d). The Joint Commission on Accreditation of Healthcare Organizations (JCAHO) has moved their focus to patient safety. JCAHO now performs unannounced surveys of accredited facilities to ensure that their standards are being followed and patient safety is being addressed. When a survey is being conducted, the surveyor evaluates compliance with JCAHO standards through staff responds and documentation review as if they were a patient in that facility that was receiving care. Health care organizations must be in the mode of continual readiness and compliance and National Patient Safety Goals. The National Patient Safety Goals address slips and falls, communication,

The Vietnam War and The Things They Carried - Free Essay Example

Sample details Pages: 5 Words: 1373 Downloads: 4 Date added: 2019/04/07 Category Literature Essay Level High school Tags: The Things They Carried Essay Vietnam War Essay Did you like this example? The Things They Carried is a story that presents various accounts of painful experiences and traumatic events of the soldiers who fought in the Vietnam War. The author explores the great use of literary devices in explaining the occurrence of every event. In a well-developed piece that uses imagery, metaphors, reality, and fiction, OBrien represents the emotional baggage that the soldiers had to carry through the war. The things that the soldiers carried indicated their loss of purity, despair as they lost the way and their narrowed chances of survival. OBrien connects different literary devices. The narrative has the themes of conflict, escape guilt and acceptance. The story is narrated in the third person, and the reader becomes aware of the significance of the title. First, OBrien explains the theme of escape guilt by the letters and pictures Martha sent to lieutenant cross. Cross would spend the whole night looking at the pictures and reading the letters while imagining that he was with her to escape the thought of war. Cross is trying to escape from the reality of war that he was stuck with and he feels guilty about it. Don’t waste time! Our writers will create an original "The Vietnam War and The Things They Carried" essay for you Create order Similarly, OBrien mentions several other soldiers who try to escape the reality in a similar way. Rat Kiley uses tranquilizers to escape the same reality, while Dobbin wears a pair of his girlfriends stockings around his neck. Seemingly, every character in the story has their unique way of running away from reality. The items used are also symbolically significant as they emphasize on the theme of escape. The story also explores the theme of love as OBrien takes us through his thoughts on the love story between Martha and Cross. Lieutenant Cross cannot stop thinking about Martha even at the camp. The two met in college, and ever since, no other girl has given him the same feeling of love that he felt for Martha. Similarly, the fact that Martha did not get married even after she got separated from cross indicates that she loved him. This is a case of mutual love that just would not work out. Whenever he looked at the photographs, he thought of new things he shouldve done. (OBrien, P.2). This line portrays an element of guilt and regret as lieutenant things of all the things he should have done for the person that he loved. Lieutenant cross carries with him the hope that he will one day reunite with the love of his life and start a family. He carries her picture everywhere he goes so every time he looks at it, he thinks of everything he should have done. The title of the story is symbolical as it reflects many things that the soldiers went through during the war. The title has a metaphoric aspect of fear and guilt that most of the soldiers carried in their hearts. The title symbolizes a burden whose impacts last in history. The physical weapons and the emotional ?weapons are also symbolic as they portray the nature of war and sets the mood of the narrative. From the weapons, we can immediately tell that the story is about war. The symbols provide a graphic description of the realities of war (OBrien, p. 21). The symbols enable the reader to see the story from the authors perspective. As the title suggests, the story portrays how the things the soldiers carried were not as heavy as their feelings of love, guilt, loss, fear ,and the awful memories of the war as portrayed in the line, They all carried emotional baggage of men who might die. Grief, terror, love, longing- these were intangibles, but the intangibles had their own mass and specific (OBrien, p. 23). The author also utilizes the aspect of thought. The story brings forth the memories of war that took place over two decades ago while portraying the physical, emotional, as well as the economic damages that the war brought to the society. These damages are reflected in the lives of the soldiers and their families (OBrien, p.23). The depressive nature of war is portrayed by the characters who had to take tranquilizers to calm their nerves. From a close analysis, OBrien uses the characters as metaphoric artifacts to represent people in the society. These soldiers blame themselves for the deaths of their fellow soldiers. Just like the soldiers, people always carry the memory, love, and grief for those who die in the war trying to protect us. The theme of war represents the state of conflicts and inhumanity in society. The society is always at a state of conflict as people commit all sorts of evil in the name of war. OBrien does not directly criticize the aspect of the war in the society through the series of events in the story and leaves the reader to reflect on what is wrong or right. The aspect of conflict appears in the soldiers decision to go to war. Many of them were afraid to go to war but felt the need to so they carried with them the pressure and acted like all is well. The soldiers undergo a personal conflict as the battle and thought between what is right and what should be done. The metaphor, all you can do is whimper and wait (OBrien, p.211) provides a clear picture of the soldiers attitude towards the war. They had no choice but to sit there and wait for their fate because things were already getting out of hand. The phrase also gives an idea of how the soldiers felt towards each other. Although they were not very close, they had an idea of how everyone felt because they were going through a similar moment at the same time. The phrase shows imagery and greater details of how Bobby and Azar felt towards each other. OBrien also developed strong relationships that almost felt as if the characters were all one person. OBrien applies a great use of repetition to develop the story. We see many instances of the characters reappearing in the story. This form of repetition forms an everlasting instinct for the reader to keep up with each character without losing track all through the story. Although the death of Lavender is mentioned at the beginning of the narrative, the narrator keeps taking us back to this event to give the reader more details about the event and create a new perspective every time. Repetition enables the reader to reflect back and keep memories of the soldiers. For instance, repetition is seen when Lieutenant Cross constantly thinks about Martha, his college girlfriend from way back. The repetition is meant to remind the reader of the love that cross had for Martha. Through this, OBrien successfully achieves character development and allows the reader to follow all the characters throughout the story. The story truly expresses the real meaning of contemporary literature. OBrien successfully brings all his ideas and experiences and place them in the story to create a meaningful piece of contemporary literature. He puts great effort to make the story look as real as possible using his own experiences. He achieves realism by mixing reality and fiction. Using his experiences in the Vietnam War, he gives pictures of the harsh truths about war and the real emotions that human beings really carry in their hearts. He also expresses the dilemma that people have to deal with in making rash decisions as well as the pain and guilt that survivors of war have to deal with. Characters in the narrative also use metafiction to get the real truth about the main events of the Vietnam War. OBrien describes the difference between happening truth and narrative truth in the chapter Good Form (OBrien, p.179) OBrien applies a non-chronological sequence in narrating the story. His story is based on random observation of the characters. The story revolves around the lives of the characters which primarily develops the story. He uses a simple language to understand the message he is putting across easily. He also uses slang, obscene dark humor, and military lingo to give the narrative an aesthetic value. Most of the conversations in the story are brief and punctuated with dashes instead of quotation marks to incorporate the spoken words into narrative.

Ficial Metro Last Light Soundtrack - 1493 Words

The official Metro: Last Light soundtrack was composed by Ukraine composer Alexey Omelchuk. Omelchuk is famous for composing music for video games such as Alexander, Cossacks II: Napoleonic Wars, Heroes of Annihilated Empires, S.T.A.L.K.E.R.: Clear Sky, S.T.A.L.K.E.R.: Call of Pripyat, Metro 2033 and most recently Metro: Last Light. He was working with GSC Game World, and after the company was dissolved in 2011, he went to worked one of its successor 4A Games. The original soundtrack for Metro: Last Light with 64 tracks, more that 2 and a half hour of music was released by Sumthing Else Music Works in 2013. The majority of the music is orchestral-based with electronic elements, as well as dark ambient, electro rock (These tracks†¦show more content†¦So the music is trying to mimic this, with a lots of metaphor, and parallel ideas. For instance one of the main instrument the composer uses the most, is the acoustic/electronic guitar (the main/solo instrument of the main theme is the guitar as well), as the guitar is the most important thing of the people in the Metro (we could see a lot of guitar in the Metro game s spiritual successor the S.T.A.L.K.E.R. series, the guitar soon became the symbol of hope, in both series.) In term of melody, the whole soundtrack offers us, a big selection of different melodies, which are heavily influenced by the main theme. We can put it that way, most of the track, are heavily influenced by the main theme, making a huge idà ©e fixe motif-chain. The idà ©e fixe , is a leitmotif kind of thing, but also very different from it. The leitmotif was basically invented by Richard Wagner (1813- 1883) during the composition of The Ring tetralogy, as he was using motifs for every person, object, feeling creating a huge composition of melodies connected to each other, under the concept of the Endless Melody (This concept was invented by Wagner during the composition of Tannhà ¤user , the basic idea was to create a new opera-standard, not using the aria-recitativo, structure, instead there are no dividing line at each area,

Managerial Finance Annual Report and Accounts

Question: Describe about the Managerial Finance of Annual Report and Accounts. Answer: Introduction ASOS Plc is an international fashion stop for young people, founded in the year 2000 and headquartered in London, England. ASOS is a British beauty and online store that aims to offer more than 80,000 branded and self-brand items with the assistance of web encounters and localized mobile from their respective centers situated in United States, China, United Kingdom, and Europe to near about every place in the world (ASOS, 2015). In relation to the financial year 2015, the company was in an advantageous position in the year because it reported an enhancement of around eighty percent of sales in United Kingdom that includes around twelve percent of enhancement in global sales accompanies with steady profits. ASOS has adopted various effective steps to meet the satisfaction of its customers and has framed strategies to enhance its technology developments that have further assisted in attaining the major goals of the company (ASOS, 2015). The consumer involvement of the company continues to be effectively high and developing each year. Furthermore, the motive of the company remains firm in becoming the number one fashionable spot for people especially in the twenties (Deegan, 2011). Computation of 5 Key Ratio Profitability Ratio These ratios are a class of economical metrics that are utilized to evaluate the ability of a business to generate revenues or earnings compared to its costs and other associated expenses incurred during a particular period of time. Return on assets Return on assets is an indicator of how profitable a company is associated to its total assets. It offers an idea as to how effective management is at utilizing its assets to generate earnings. It is computable by dividing the total annual earnings of a company by its total assets and depicted as a percentage. Therefore, higher return on assets ratio signifies better use of assets by a company. Return on Assets 2015 2014 2013 2012 2011 Net Income (I) 36,866 36,950 40,928 9,904 10,849 Assets (II) 4,77,897 3,79,963 3,11,751 2,06,278 1,36,168 Return on Assets (I/II) 0.08 0.10 0.13 0.05 0.08 Net Profit Margin This ratio computes the earnings or revenues made by a company as a percentage of the total sales achievable by it. Therefore, higher the distinctions between the revenues and expenses, more is the companys net profit (Christensen, 2011). Thus, net profit margin ratio is very beneficial in ascertaining the capability of a company to enhance its earnings without enhancing its costs in a similar amount. This ratio is computable by dividing the net income of a company by its total sales during a year. The following depicts the net profit margin of ASOS Plc for the past five years: Net Profit Margin 2015 2014 2013 2012 2011 Net Income (I) 36,866 36,950 40,928 9,904 10,849 Sales Revenue (II) 11,50,788 9,75,470 7,69,396 2,38,023 3,39,691 Net Profit Margin (I/II) 3.20 3.79 5.32 4.16 3.19 Liquidity Ratio This ratio measures the ability of a company to pay off debt obligations and its margin of safety (MOS) through the computation of metrics accompanying the current ratio, operating cash flow ratio, and quick ratio (Choi Meek, 2011). Thus, to sustain smooth operations of the company, it has to maintain a proportion betwixt its liquid assets and non-liquid assets. Current ratio It is the ratio between current assets and current liabilities of a company. The normal standard of a current ratio is usually two, which implies that the assets of a company must be double of its liabilities so that obligations can be easily paid off. Hence, current ratio going below one is very problematic for a company (Davies Crawford, 2012) Current ratio is computable by dividing the current assets of a company by its current liabilities. Current Ratio 2015 2014 2013 2012 2011 Current Assets (I) 3,37,098 2,60,662 2,33,132 1,47,638 83,809 Current Liabilities (II) 2,37,298 1,85,539 1,51,952 1,00,291 66,848 Current Ratio (I/II) 1.42 1.40 1.53 1.47 1.25 Efficiency ratio This ratio typically applies to banks and in general terms, it implies expenses as a percentage of revenue with a few differences. It is utilized to evaluate how well a company utilizes its liabilities and assets internally (Brigham Ehrhardt, 2011). It can compute the repayment of liabilities, turnover of receivables, basic use of machinery and inventory, etc. It assists an investor to facilitate comparison between two or more companies of similar industry. Earnings per share (EPS) The EPS of a company is the portion of its profit attributable to each outstanding share of common stock. It is computable by dividing the total earnings of a company by its number of equity shares (Fields, 0qq). The Earnings per share of ASOS Plc during the five-year period are as follows: Earnings Per Share 2015 2014 2013 2012 2011 Total Earnings attributable to owners 36,866 36,950 40,928 9,904 10,849 No of Shares 83,034 83,125 81,751 79,078 74,375 Earnings Per Share 44.40 44.45 50.06 12.52 14.59 Solvency Ratio This ratio assists in measuring the capability of a company to meet its long-term debts. Besides, the solvency ratio quantifies the company size after tax income, not accommodating non-cash depreciation costs, as contrasted to a companys net debt obligation (Brealey et. al, 2011). In other words, it assists in evaluating the capital structure of a company. Equity Ratio This ratio is a kind of financial ratio that assists in the computation of amount of assets financed by equity. It measures the proportion of net assets financed by stakeholders, as opposed to creditors. It is computable by dividing the total assets of a company by its total equity (Brigham Daves, 2012). Besides, ASOS does not possess any leverage and hence debt is absent. The following portrays the equity ratio of ASOS during the five-year period: Equity Ratio 2015 2014 2013 2012 2011 Total Equity (I) 2,37,315 1,93,031 1,59,799 1,05,987 72,120 Total Assets (II) 4,77,897 3,79,963 3,11,751 2,06,278 1,36,168 Equity Ratio (I/II) 0.50 0.51 0.51 0.51 0.53 Price Earnings Ratio (P/E ratio) In order to compute the Price Earnings ratio of ASOS Plc, it is crucial to consider the share prices of the company and its previous reported earnings. The following depicts the P/E ratio of ASOS based on several sources: Market price per share (equity) = 4,606 (approximately) EPS (Earnings per share) = 44.40 P/E ratio is computable by dividing the price per share by its earnings per share. Therefore, the P/E ratio of ASOS reports at 4606 / 44.40 = 103.74 Since the current P/E ratio of the company reports at around 18 times, it is assumable that an investor is more likely to sacrifice a price that is 103.74 times the EPS of the company. Analysis based on above calculation Profitability Ratio- It is observable that the company has attained significant growth achievements despite the fact that it has not existed for a prolonged period. Furthermore, its net profit margin ranges from 3%-5% that is a good indicator. The ROTA of ASOC has also been firm and it is noticeable that the company is striving to develop with every surpassing year. Both the net profit margin and ROTA was at maximum in 2013. Liquidity- The current ratio of ASOS reports around 1.5 every year that is not very beneficial but at the same time, not so dangerous to its liquidity. It is assumable that the companys liquidity is in a moderate zone. Efficiency- EPS of the company assists in determining its efficiency. It is observable that EPS has enhanced since the past five years that signifies successful implementation of strategies, thereby facilitating in better earnings of the company. Investment- The capital structure of the company refers to its investment and it is observable that its capital structure is free from debt. This means that the company operations are conducted through the funds obtained from issue of shares (Albrecht et. al, 2011). Besides, the solvency of ASOS Plc relies on its capital structure. However, the equity ratio of ASOS is also firm during the five years, which signifies adequate maintenance of investment in equity and assets in a same proportion that has facilitated in sustenance of equity ratio to be around 0.50. ASOS Plcs movement of share prices during 2014-2015 The below-mentioned graph portrays the movement of share price of ASOS during 2014-2015. It is observable that the company share prices vary from 4,194 GBP to 1,785 GBP in the year. Besides, the decline in share prices was noticeable in the beginning months after which the company made a huge leap and attained its maximum in the month of April 2015 that reported share price at 3000 GBP (ASOS Plc, 2016). Conclusion It is observable that the aggregate performance of the company is quite good despite the fact that it has been in operation for only sixteen years and still, it has managed to attain impressive outcomes. Furthermore, the company has played a key role in adequate satisfaction of investors through appropriate implementation of the strategies. This signifies the core strength and fundamentals of the company that has allowed it to gain a competitive advantage in the market. Thus, ASOS Plc is clearly to perform with better outcomes in the upcoming future and the investors can continue investment in the company for obtaining better returns. References Albrecht, W., Stice, E. Stice, J 2011, Financial accounting, Mason, OH: Thomson/South-Western. ASOS 2015, ASOS Annual Report and accounts 2015, viewed 17 August 2016, https://www.asosplc.com/investors/results-reports/2015.aspx ASOS Plc 2016, ASOS share price information, viewed 17 August 2016, https://www.asosplc.com/investors/shareprice-information/shareprice-chart.aspx Brealey, R., Myers, S. Allen, F 2011, Principles of corporate finance, New York: McGraw-Hill/Irwin. Brigham, E. Daves, P 2012, Intermediate Financial Management , USA: Cengage Brigham, E.F. Ehrhardt, M.C 2011, Financial Management: Theory and Practice, USA: Cengage Learning. Choi, R.D. Meek, G.K 2011, International accounting, Pearson . Christensen, J 2011, Good analytical research, European Accounting Review, vol. 20, no. 1, pp. 41-51 Davies, T. Crawford, I 2012, Financial accounting, Harlow, England: Pearson. Deegan, C. M 2011, In Financial accounting theory, North Ryde, N.S.W: McGraw-Hill. Fields, E 2011, The essentials of finance and accounting for nonfinancial managers, New York: American Management Association.