Accounting coursework Essay Example | Topics and Well Written Essays - 1250 words - 1

Accounting coursework - Essay Example In addition, it will explain how the companies have managed their working capital for the accounting periods. This will further analyse and explain the financing activities of the two companies. Task 4 will comment on the overall strategy being observed by the two companies based on their cash inflows and outflows based on analysis made on earlier tasks. A determination of which was able to manage its cash better will be made with reasons. The net profit generated from operations by the business may not be equal to the cash generated by operations by the same period because net profit includes non-cash items recognized as income and expenses but they do not necessarily involve cash. The reason for this is that revenues and expenses in the income statement are generally prepared under the accrual method of accounting (Kieso et, al, 2007) while Net Cash from operations, has taken this fact in consideration and this is the reason that certain items are added and subtracted to the net profit to arrive at the operating cash flow from operations. Thus there is need to add back to the net income, prepared under the accrual method, the non-cash deductions like amortizations and depreciations expenses. There is also need to deduct non-cash revenues like gains on sale of properties and investments and other adjustments. To illustrate, an example of the adjustments to the net income is shown in appendix A. Note that the net profit of $200,000 is lower than the net cash from operations of P246,700. An adjustment amounting $46,700 basically included added back depreciation, subtracted gains from sales and/or revaluation and change in working capital.

Demonstrate Knowledge and Understanding of Legal, Ethical and Essay

Demonstrate Knowledge and Understanding of Legal, Ethical and Professional Frameworks for Safe Effective Patient-Centred Care - Essay Example The moral, ethical and legal issues tend to blur the differences between personal and professional boundary, especially when the nurses have to work within small community or rural areas with sparse resources. Julie’s is a case in point. Her professional boundaries would be discussed vis-a-vis confidentiality and conflict of interest. Julie is a practice nurse at a healthcare centre in small Scottish village which serves the people of the village and surrounding areas. Within the small community, local pubs remain the only outlet of socialization where they tend to meet the locals. Hence, there are opportunities for breaching professional boundary when casual acquaintances might require their professional expertise. Julie meets Sam when he comes for appointment with GP. He also shares his medical history. But when, she is asked by Sam to join his pub quiz team, she is confronted with the dilemma of nursing ethics. She knows he has a history of depression and she is also aware that there is high possibility of meeting Sam socially as there are only two pubs in the village. Sam has told her that he has felt suicidal in the past but manages his depression by socializing. Julie knows that Sam has not divulged his suicidal tendency to GP. Confidentiality and trust are intrinsic part of nursing paradigms. But, as Sam has shared the information of his suicidal tendency within the professional environment of health clinic, she must inform of the same to the GP. Suicidal tendency in a patient with history of depression is a serious issue. Thus, when Julie shares the information with GP, she is within her professional boundary of confidentiality as the information has serious implications for the patient (NMC code, 2008). Depression is a mental illness and suicidal tendencies could greatly risk welfare of the patient (Hope, 2004). At the same time, it is also in line with law and therefore disclosure of the information is absolutely right and do not breach the com ponents of confidentiality within nursing practice. The issue of conflict of interest is not applicable in the case when Sam asks Julie to join his pub quiz. Conflict of interest arises when therapist or nurse has personal interest or relationship that can adversely impact the professional judgment. Sam is not the patient of Julie. Moreover, casual relationships within small communities are normal. Being friendly is part of the professional relationship as it involves winning the trust of the patient. But it is equally important to know that Sam has problems of depression with suicidal tendencies. As such, even within casual relationship, there would not be equal distribution of power and consequently, it is advisable that she refrains from joining the pub of Sam even on casual basis. Even though, Sam believes that socialization helps his mental health, as a practice nurse, Julie must exercise caution and ensure that she maintains a strict professional client-nurse relationship with Sam. In a small community, especially when the socializing avenues are few, the casual relationship with local is normal. As practice nurse, Julie has more power as a nurse as she is better equipped with professional knowledge and skill. But in casual relationship, power distribution needs to be equal which would not be the case with Sam as he has history of depression that could seriously influence his power of decision making and judgment. (words: 629) Reference CRNNS. (2002) Professional Boundaries and Expectations for Nurse-Client