Examining different accounting forms within Samsung Electronics

Examining different accounting forms within Samsung Electronics Samsung Electronics Company is a part of the Samsung Group which group was first established in 1969 by the founder of Byumg-chull Lee in Dzegu, South Korea. It is a leading electronics equipment of digital manufacturing group of our home alliances such as television, mobile, refrigerator, etc. In 1978, this company established as a international company to launched in the USA market. In 1984, this company built 1st overseas plant in Portugal and in 1984, also expanded a sales marketing in Germany and UK. After 2 years later, the company established a new plant in UK to manufacture microwave ovens, VCR and multi TV. In 1988, this company converted with Samsung Semiconductor Telecommunication Company. Now a day it is the largest electronics company over the world by providing their new technology. In 2009, this company recognized for highest revenue company overall the world and also same year this company celebrated the 40th anniversary. At this moment, it covers 28 percent electron ics equipment of the UK market. Product of Samsung Electronics Company Samsung Electronics Company provides us smart appliance technology and operational efficiency of the electrical grid which appliances are make comfortable of the home life. In earlier period of this company, manufactured only black and white television and after nine years later in 1970s, introduced new products like as refrigerator, washing machines and electronics plants. In 1986, this company built microwave ovens, VCR and color TV in the UK plants. In 2000, was very important for the company because this year its expanded in the global internet with Yahoo and to provide next generation mobile phones and also make a new marketing technology. The company built liquid-crystal displays (LCDs) monitors and next year company developed of two way interactive compliant television sets, cable infrastructure and portable communication equipments by joint adventure with other company. In 2006, introduced with the range of 3G mobiles. After day by day, the company established their new techn ology for the global people such as Laptop, WiMAX technology, Digital Media and Communication (DMC) division, 4 GB DDR3 chip, digital camera, home theater system, Blu-ray, printers, air conditioners, and broadband internet, etc. Competitors of Samsung Electronics Company If Samsung electronics company is the biggest electronics company all over the world but its has many competitors in the market such as Sony Ericson, Apple, Nokia, Philips, Sony, etc., which also deals in the electronics equipment selling as this company. Sony, LG sell also the similar electronics product to Samsung company however its products available in low prize, high configuration and always maintain the quality of service which makes Samsung Electronics Company leading electronics group in the world. Process of the Company Samsung Electronics Company not only sells but also manufacturing of the equipment. Before launching any product they ensure the quality of the product through whole process from getting raw material, production, transportation, usage and end-of life disposal. All of these are adding price, quality, design and function which done for product improvement. Before manufacturing any product, fast maintain the customer choice and all are doing with responsibility. If customer is not satisfied in the product, the company has to ensure the warranty. Policies of Samsung Electronics Company Samsung Electronics Company has policies which follow the rules of regulation very strictly for the organization. These rules of regulation not only for customer but also total group. All policies are maintained by HR manager of the company. The roles are following such as administrative development, services performances, maintain employee, communicate with administrative team, investigating, answering and maintain human resource record. Another main thing is requirement such as analytical, problem solving, oral communication, delegation, management skill, qualifications, and language skills. Review of Management Accounting : Management accounting is an integral part of management concerned with identifying, presenting and interpreting information used for formulating strategy; planning and controlling activities; decision taking; optimizing the use of resources; disclosure to shareholders and others external to the entity; disclosure to employee; safeguarding assets. (Accounting for non-accounting students, by J R Dyson-3rd Edition) Management accounting is the process of identifying, measuring, accumulating, analyzing, preparing, interpreting and communicating information that helps managers to fulfill organizations objectives. ( Charles T. Horgren) Following by the explanation stating of some facts which are necessary of fulfill the nature and role of the management accounting. These are strategic planning, budgeting, financial management and accounting, cost accounting, communication of financial and operating information, financial control, internal audit, and management audit. (Accounting for non-accounting students, by J R Dyson-3rd Edition) If any organization need to increase their business firstly essentials to know about the key techniques of the management accounting because without technique difficult to development of the financial policy. So this company like as Samsung Electronics Company following some techniques which are find out the key revenue indices for measure, reporting structure of management for implantation, analyzing the working process, supplier wages, cost of product gross margin and profitability of the customer; always monitor the cost and volume; implement balanced scorecard and customer value of the management reporting. (www.brillco.net) Techniques and Methods of Management Accounting There are different types of method and technology have which helps us to understand the overall management accounting, some of them are as follows: Activity based costing of management accounting Activity base costing is a method for measuring the activities, cost and performance of the company which based in the ability of the assemble that is based on the natural action of the organization. Activity base costing argues from customary cost accounting facility which apply the activity in actual authority. To count the number amount of the consequence, costing of activities in durations for all fixed and variable of the straight cost. Any manager of the organization can take judgment on the activity based costing number volume for a customer. Job order costing of management accounting Job order costing is a method where is one of many another accounting costing system which uses for monitoring and controlling cost of the business. Job order costing can be calculate by the amount of number in the business is divided by cost of the business. Its method actually used for many industries, for example T-shirt Company. Budgeting for a company One of the most important areas of the management accounting is the budgeting for any kind of business whatever it is a small business or a big business. Budgeting as a company what plan to spend or receive over a specified period of time based on past experience. Any company wants to provide their business planning, co-ordination, communication, motivation, control and performance evaluation by budgeting. For a big company, generally makes a budget for yearly basis and operating budget with past years statement of revenues and expenses but a small company provides a budgeting on monthly bases. Such as Samsung Electronics Company, highlight includes research new technology, development of product, administration activities, expanding and selling differences budgeting. Budgeting in a company has some profits such as requires all kinds of management to framework of future, provides absolute aims for evaluating achievement, makes an fast warning system for potential difficulty and favor s the organization of activities within the business. Budgeting is a challenging position for every organization. There are two kind of budgeting, following as: Periodic budgets: This is characteristically behaved once per budget period- generally once a year for every planning period of a company, this budget may be revising or update latest realistic forecast. Continuous or rolling budgets: Continuous budget as a budget that always ready for a specified future season by adding a season (month, quarter or year) to the period that at the last moment with a fixed planning horizon. Capital investment decision for a company: Another one of the most important of the management accounting is capital investment decision which is made for the major period of time expires between the layouts of the recovery of the investment is known as capital investment decision. The ambition of the capital investment decisions admits appropriation of the companys capital funds most influentially in order to ensure the best return possible. Capital investment decisions are made for short term and long term for the profit of the company. Recommendations to Samsung Electronics Company: Samsung Electronics Company allocates some methodology for the development of the organization where activities based costing is a important implement such as activities, cost and performance. Samsung Electronics Company should follow activities based costing because assigning prices to product and product to services are going on this new technology. Budgeting of these company activities based costing have a good authority on the management accounting policy of the company. There are different types of job order costing system on management and cost accounting. Following this way, Samsung Electronics Company provided as a largest brand overall the world which used for monitoring and controlling cost of the business. Its cost effective, a good design accounting rule must generate advice for a big number of uses. It helps of making special reports such as sales tax, payroll etc., also this company has every one thing in preparing such as over head cost, direct cost and indirect cost. These decisions provide the company and maintain the focus on electronics for example smart phone, chips, etc. At this moment, Samsung Electronics Companys capital investment decision is fixed. Following by this financial policy, Samsung company increases their growth for last 2 years by balance sheet, for example: in 2010 net income increase 65% compare with 2009 and sales up to 13% compare with previous years, which takes a great effect in the financial accounting of the company. Decision also motivate the company in coming information like as Samsung electronics moves Solar battery business which fields are LEDs, medical equipment and hybrid electric car batteries. Budgeting is a very major matter for Samsung Electronics Company; they take a mission for 2020 which will be providing a largest revenue company in the world. So proper budgeting gives an idea to make future planning of the company and feel easy to achieve the goal by monitoring and analyzing previous years expenditure and sell. For example, in 2011 Samsung Electronics Company announces that they invest a fund above $ 26 billion for the next year which will be a new record in their investment. As a result, they celebrate the biggest budget compare with another company. Early in this year, they announced two budget compacts which are PL20 and ES80 cameras where based CCD chips, net, USB-based charging. This creates an overall knowledge among the different departments. Some event of the budget, take a great effect in the financial record. For example; in 2010 in Samsung Mobile Communication took infect where sales cover 23% and operating profit rise 38% compare with last year. As a res ult, it will be influences for the organization such as employee, management, technician, etc., also on the budget. That is why, budget influences customer and can adopt periodic budget. This company cannot provide continuous budgeting for their future development in the global market. Samsung Electronics Company makes planning, co-ordination, communication, motivation, control and performance evaluation by budgeting. SWOT Analysis of Samsung Electronics Company: Samsung Electronics Company is a part of Samsung group which is one of the leading manufacturing technologies of home alliance product in the world. This company specially known as telecommunication, semiconductor, digital media and convergence technologies. This company provides their strength, limitation, opportunities and threats by SWOT analysis. Now a day, this company is the global biggest producer for DRAM, SRAM and flash memory which makes the strong situation of the world brands company and also for the strong competitors. Strengths of the Samsung electronics company: Samsung Electronics Company is strength for different sectors such as semiconductor, telecommunication, digital media of the governing players and DRAM, SRAM, flash memory of the biggest producer of the world market. First position for the television which is 25% and second position for mobile phone which 19% of the global market. In according the robush market position, Samsung Electronics company ranked in the nineteenths place overall the leading 100 brands and only 5th position for the technology. Research and developments is the main concern and customer motivation for the Samsung electronics company. For research and development, this company spent about $ 7 billion in 2010 and $ 6 billion in 2009 and about 42,000 people are working for research overall the world whereas only Korea has 6 and another has 18 research centers in the world. Following by the research and development, this company provided new technologies of home alliance and earns more money. Samsung Electronics Company is well known over the world for the highest electronics equipments compare with the other company. That is why; they announced the prize for revenue of the world market. One of the interested things is that this company provides only two business area such as digital media and telecommunication. Weakness of the Samsung electronics company: An example of product come backs is the first weakness for the Samsung electronics company. In 2009, 160000 phones, key pads and BB14 software were back for some mechanical problem in the US market, it was the fast of the year whereas same year of the last come backed about 1000 watt microwave ovens in the US market and fridge in the south Korean And Chinese market. Both reflected the financial effect of the company and negative effect on the consumer. Mobile phone market in the developing countries was very weak position which is only 3.5% whereas Nokia was 58%. They cannot lead those countries for their prize and working system. Opportunities of the Samsung Electronics Company: The Samsung electronics company has the ability to form strategic alliance in the world market while according the consumer perspective. This reflects the great attitude of the company. In the developing countries where telecommunication market is growing recently. They should to proper use in this countries for example; in 2008 0.8 million people used mobile but in 2009 it reached about 1.2 million in India. Threats of the Samsung Electronics Company: Now a day, global market is open, so to make a position of any company makes sure their completion. In this reason Samsung Electronics Company has more competitive in the business environment, such as Nokia, LG Electronics, Sony, etc., which faces the negative effect in the market of the Samsung Electronics company. Samsung Electronics Company facing the weakening position in the liquid crystal display (LCD) flats in the market. According in 2010, fast quarter sell about 154 million amount and second quarter sell only 157 million amount, day by day decreased the demand that is why these company takes the low prize. This makes the great effect in their financial position.

Caffeine is a Psycoactive Drug Essay -- essays research papers fc

Have you ever been so tired that you’ve dozed off at work? Or tried to stop yourself from falling asleep while you’re driving or even worse – got caught sleeping in class? These instances could have been prevented by doing what 90% of Americans do every day – by consuming CAFFEINE. If anyone here feels you can’t make it though your day without a cup of coffee, you are probably addicted to it (I’ll discuss more on that later). Here’s an interesting fact: both words caffeine and coffee are derived from the Arabic word â€Å"QAHWEH.† The origins of the words reflect the spread of the beverage into Europe through Arabia and Turkey from North-East Africa. Coffee began to be very popular in Europe in the 17th century and today it’s the most popular psychoactive drug in the world. Almost everyone in our society today uses caffeine regularly, in one form or another. According to Jennifer Warner of WebMD Medical News, nearly 90% of adults and 76% of children drink some kind of caffeinated beverage every day. More than half of all American adults consume more than 3 cups of coffee. Also, a 1994 survey by the Agriculture Department found that on average, 64 gallons of soda are consumed by children and teenagers every year. Researchers have found that soft drinks have surpassed tea as the second leading source of caffeine for adults while being the top source of caffeine for children. People are not only getting their caffeine from coffee, soda and tea, but from other sources such as energy beverages, caffeinated water, herbal supplements and chocolate. You may not realize how much caffeine you are consuming on a daily basis because caffeine is not listed as an ingredient on the food or drink label, and the Nutrition Facts label does not show how much caffeine is i n the product. In addition, beverages marketed as high-energy drinks may contain more than one type of caffeine extract, and in herbal sources, caffeine may not be listed as an active ingredient. So you can see why half of American adults consume more than 300mg of caffeine per day. All you need to consume to get that amount are just 2 mugs of coffee and a couple of cookies. If you sit down and calculate your caffeine consumption during a typical day, you may be surprised. Many people consume a gram or more of caffeine every day and don’t even realize it. Now that the widespread u... ...nd the globe, is a mild drug stimulant, has the potential to become addicting and gives people the opportunity to be social. The bottom line is that caffeine is the most widely accepted and legal way to get that all important energy boost. So, the next time you down that can of Red Bull or take that last sip of cappuccino from Starbucks, take comfort in the fact that you’re getting your fix legally Works Cited †¢ Bealer, Bonnie K., and Bennet A. Weinberg. The World of Caffeine: The Science and Culture of the World's Most Popular Drug. New York: Routledge, 2002. 208-212. †¢ Centre College. "Students get a Caffeine and Culture Boost." Yubanet.com 14 Feb. 2005. . †¢ Gordon M. Wardlaw. Contemporary Nutrition: Issues & Insights. New York: McGraw-Hill, 2003. P 556. †¢ HSW Media Network. â€Å"How Caffeine Works.† HowStuffWorks.com. 28 Dec. 2004. . †¢ Jennifer Warner. â€Å"Caffeine Sources Shifting† CBSNEWS.com 28 Dec. 2004. WebMD Inc. . †¢ T.R. Reid. "Caffeine." Nationalgeographic.com. June 2000. .

Recording, analysing and using HR information Essay

It is beneficial for a business to collect a variety of data to gain an understating of its performance to satisfy compliance legislation. However the information collected needs to be useful, relevant and selective. Raw data collected can be converted into useful information. It is important for human resources (HR) to collect data to meet legal requirements, keep necessary contact details of employees, records all contractual arrangements and to provide supporting information in the event of a claim that may be made against an organisation. It also supports an organisation when making decisions. Data can be collected in two different types of formats within an organisation. These are quantitative and qualitative. Quantitative is data collected numerically which allows for data to be measured and calculated. Quantitative is a descriptive method of collecting data. This type of data can be observed but not measured. These two different types of data support HR practices in a number of different ways, such as, showing patterns of absence relating to employees, highlighting any learning and development requirements that an individual may require, trends’ in staff turnover and key performance indicators. Customer feedback can also be obtained to allow a business to improve it services and costs can also be easily monitored. HR data can be stored by a number of different methods each having advantages and disadvantages. Data can be stored electronically and non-electronically. Storing data electronically can be beneficial as it is easy to access, can be shared easily and takes up less space. Online HR systems are available to employees where data and information can be added and updated by an individual and also can be accessed by one or more people such as line managers. This is useful for appraisals and monitoring performance. Storing data electronically through databases is also more secure than manual documents. Sorting data manually such as diaries, word processing documents and paper based surveys also has its benefits as it can be more cost effective to a business and cannot be easily lost where electronic data could be. Also employees require less training to store and organise manual data. There is an array of different UK legislations currently enforced relating to data and legislation is in place to enforce correct storing, recording and accessibility of data. One of these UK legislations are The Data Protection Act, The information commissioner has produced a code of conduct relating to the data protection act. This applies to personal data held and the legitimate grounds for this being held, which information is classed as sensitive and cannot be gathered without explicit permission. Another type of current UK legislation is the Human Rights act. This confers the right of respect of privacy on individuals and provides for employees in the public sector to take legal actions against their employer of they consider their rights infringed.

The amazing six sense essays

The amazing six sense essays The 1999 movie, The Sixth Sense, both written and directed by M. Night Shyamalan, with its amazing final twist, is one of the best thrillers ever made. Bruce Willis and 10-year-old Haley Joel Osment make an incredible connection that is rarely seen in other movies. It is to Willis credit to allow the little boy to shine in virtually every scene. Bruce Willis plays Dr. Malcolm Crowe, a well-known child psychologist who is living a happy life with his understanding wife (Ollivia Williams). One night a man breaks into their house and claims to be a former patient of Malcolms. He reminds Malcolm that he was always scared and Malcolm failed to help him. He fires a gun at Dr. Crowe and then shoots himself in the head. A few months pass, and Malcolm recovers. But he is not the same person that he used to be. His career is turning into a failure and his marriage seems to be falling apart. Meanwhile, he takes an interest in the case of Cole Sear (Haley Joel Osment), an 8-year-old boy whose case is a lot like the former patient who shot him. Cole suffers from a mood disorder and spends a lot of his time alone at church. He is called a freak by his classmates at school. Cole asks Dr. Crowe to help him not to be scared. His divorced mom (Toni Collete) often notices scratches on Coles body. Malcolm spends a lot of his time with Cole and tries very hard to help him. Finally, Cole decides to tell Malcolm his secret. He can see the dead. They often come to him and sometimes physically hurt him. But in order to better understand Coles case, Malcolm goes back to study the case of his former patient. What he finds out, and the final twist of the story are things that should be kept secret for people who have yet to see the amazing The Sixth Sense. The Sixth Sense is the movie thats worth sticking with, writes Jay Carr in Boston Globe. He states that everything remains unc ...

Coveys Habits essays

Covey's Habits essays Proactive. Covey tells us how we should be taking more initiative and control of our lives. We are the only ones that have control over our lives. Covey uses the story of Victor Frankl to explain the total control we have to shape our own thoughts and feelings. Victor was a Jew held in a German death camp during the second World War. Victor realized that even though the Germans had control of the environment that he was in and the ability to kill him at anytime, he could still have control of his thoughts and feelings. Victor could project himself into other places that he found comforting. By doing this, he would almost forget about where he was. His attitude changed and helped encourage hundreds of other people around him. Highly effective people understand and use this ability that everyone possesses. We need to take control of our selves and realize that we can shape our thoughts. By being proactive we are not as prone to have our environment shape the way we think or feel. Non-p roactive people tend to be emotional butterflies: when people treat them well, they feel well; when people dont, they become defensive or protective . . . allowing the weaknesses of people to control them. People who are proactive take more initiative then their counterparts do. In order to be a more effective person, you must first have initiative. You take control over yourself. You dont let people walk over you, creating benefit for themselves and destruction for you. Being proactive seems like one of the most important and fundamental attitudes one can have. It is the corner stone to other important aspects of a person. This is a theory I plan on using in my life. As a Masters student, and a soon to be counselor, control over your outlook can make or break you. For myself, I am working 30 hours a week, married, and trying to keep my grades the best they can be. I find it easy to feel overwhelmed with all these things. Having the...

Argument Paper Assignment (frankenstein by mary shelley, penguin Essay

Argument Paper Assignment (frankenstein by mary shelley, penguin classic) - Essay Example He tries to understand masculinity, science, medicine, and surgery. According to Enderle and Shelly (233), he precisely explores the internal conflicts felt by practitioners in a variety of field. He reveals his urge to explore throughout the novel, always trying to discover a new life. In his effort to explore, he comes out to be unstable since he changes from time to time and a person with a lot of uncertainty. This also makes him ambiguous and very difficult to understand due to the way he behave and react towards nature and other people. In most cases, Frankenstein was learning from nature, mainly through observing what is going on around him and through what he experienced. By watching firewood next to the fire, he learns that it dries out and catches fire. Only a model human being who is concerned about nature and what is around him can do this. Moreover, by observing how other people react towards him, he learns that his appearance causes fear among other people (Joshua 47). He had made nature to be his teacher relying mainly from what he can sense and what he can observe as his source of knowledge (Enderle and Shelly 34). He does this to learn both about people and about the environment. However, he does not perceive that the knowledge he obtains might be inaccurate or inappropriate. Frankenstein had an ardent curiosity and a strong desire to excel and triumph in his undertakings. This can be shown by his dedication and determination to understand the relationship between human beings and their environment (Enderle and Shelly 53). He always tries to learn from everything he observes and everything he senses. He has a strong curiosity to understand what is happening in the world among different practitioners and nature. This can be clearly shown by his desire to understand the internal conflicts in different practitioners and his desire to understand science (Enderle and Shelly 36). He tries to understand how character can be formed

Wal-Mart Research Paper Example | Topics and Well Written Essays - 500 words - 1

Wal-Mart - Research Paper Example The competitors were using television advertisements to reach their customers, which was not effective because it was expensive. Wal-Mart obtained time in the television to display their products and to feature them at the low prices that make them very reputable (Soderquist, 2005). This worked because the customers knew the whole range of products and their prices when going to shop in Wal-Mart. Wal-Mart is very popular amongst the low and middle-class income earners. Wal-Mart targets the blue collar and the middle class shoppers who are not used to frequenting the big malls (Soderquist, 2005). This is because of the low prices that they offer to this group of people. Wal-Mart has opened up many outlets including in areas that are normally ignored by other retailers. It is also estimated that approximately quarter of those who frequent Wal-Mart do not have credit cards and are limited to using cash. This is a clear indication that most of the customers who frequent Wal-Mart are the low and middle-income earners. Wal-Mart is also the biggest shopping entity with more than 4,000 stores worldwide, which is twice more than the next competitors have. Wal-Mart, therefore, targets the people with limited financial abilities and those in remote areas whereas most of the competition seeks to impress the upper class members of the society (Blanchard, 2005). What image do they want to convey? Wal-Mart intends to show that it is possible to sell goods cheaply by reducing the costs of production. How do they attempt to position themselves in the minds of consumers in the market? Wal-Mart has positioned itself as the leading retailer in the industry. The low prices that they offer to consumers and ease of accessibility to the consumers are the factors that have made them to be the biggest retailer worldwide. What is their current image in the industry and in the minds of consumers? Most of the consumers