Case Study Essay Example | Topics and Well Written Essays - 500 words - 39

Case Study - Essay Example Hence, training will make him learn how to stay composed and calm when he faces a stressor, and he will prove to be confident and solemn. Don should also encourage Gary to focus on his strengths and shine his capabilities that he has, through practicing them. 2. It is all about employee development. Employee development is a kind of strategy that employers adopt to increase employees’ knowledge, talents, and expertise in particular areas they work in. It is important for Don to create a balance between Gary’s individual career objectives and organizational milestones, in order to make him achieve employee development. Don should use techniques of training, coaching and empowerment (Ellinger at al.) to enhance Gary’s development as a leader. Employee development activities that Don should use include: (1) stress-coping training courses in work time, (2) work-based development activity in work time, (3) career planning activity in work time or in Gary’s own time, and (4) voluntary learning in Gary’s own time (Birdi, Allan and Warr). All of these development activities will produce beneficial results and commitment to work. If Don is training Gary himself, then the training aids that he can use include: pr esentations, slides, projectors, movies, charts, graphs, flash cards, pictograms, handbooks, manuals, libraries, internet, reading rooms, posters, and enlarged drawings. 3. Certain techniques help employees to bring out their leadership skills and learn new one. For example, teamwork creates such an environment in which employees can learn new leadership skills and competencies (Gallie et al.). This is because the employer distributes tasks on multi-functional basis, requiring different people with different skill sets. This system of work organization requires employees to work on a collaborative platform on

International corporate reporting issues Essay Example | Topics and Well Written Essays - 3000 words

International corporate reporting issues - Essay Example Literally, the differences in the financial reporting system in varying countries have acted as an obstacle in the integration of national economy with global economy (Verschoor, 2011; Alexander, Britton & Jorissen, 2007). Thus, in order to deal with these challenges, IASB and FASB together have been duly engaged in promoting harmonization of financial reporting systems (Whittington, 2008; Mogul, 2003). Emphasising on these aspects of the international accounting standards, this paper intends to identify and explain the six major qualitative characteristics of accounting information. Furthermore, this paper aims to evaluate the application of these qualitative characteristics by Diageo plc focusing on three particular areas. ... The institutions in the accounting standards namely International Accounting Standard Board (IASB) and Financial Accounting Standard Board (FASB) have been involved in developing conceptual framework for enhancing the financial reporting system. The primary objective of this conceptual framework has been related with identifying the major purpose of financial reporting in business in accordance with the prevailing economic circumstances (Obaidat, 2007). In other words, the conceptual framework developed in accumulation of the principles specified by IASB and FASB deals with establishing objectives and guidelines which are expected to serve as the basis for the preparation of financial accounting and reporting standards. It is worth mentioning that conceptual framework mainly consists of four major items which includes: Objectives related with financial reporting Elements concerning with financial statements Recognition and measurement concepts Qualitative characteristics of accountin g information Additionally qualitative characteristics are considered to be one of the vital components of the conceptual framework that supports decision-usefulness and stewardship. Moreover, there are six primary qualitative characteristics that are considered to be vital for economic as well as business decision making according to the specified guidelines in the international standard (Obaidat, 2007). These six elements of qualitative characteristics have been further explained below in relation to their usefulness in terms of decision making and stewardship. Relevance In order to ensure the obtained accounting information to be relevant to creditors, investors and other interested parties, it has been argued that such accounting information