Personal Finance Concepts Statement Example | Topics and Well Written Essays - 500 words

Finance Concepts - Personal Statement Example Based on the list above, the transactions which would result in an increase in the total assets of a business are as follows:Based on the list above, the transactions which would result in an increase in the total assets of a business are as follows:ïÆ'Ëœ Transaction #1 – A company receives a cash investment from the owner. When a company receives an additional infusion of cash from the owner, the total asset specifically the asset account is increased.   This is accompanied by a corresponding augmentation in the stockholders’ or owners’ equity. Transaction #4 – A company purchases machinery for a plant and signs a promissory note in payment. This transaction will result in an increase in total assets due to the increase in the property, plant, and equipment (PP&E) account.   In this regard, the company’s liability will also increase due to the issuance of the promissory note which is tantamount to a promise to pay a specified amount at the sti pulated terms (Meigs & Meigs, 1986). Transaction #8 – A company borrows money from a bank.Similar to the initial transaction, the company’s total assets particularly the asset account increases as it receives the money loaned from the bank.   With this transaction, the company’s total liability also increases since an obligation to pay the bank loan arises. Note that the other transactions do not result in an increase in total assets due to the reasons summarized as follows: When a company makes the cash purchase for a building, there is no movement in total assets because the amount in cash account is just transferred to another asset account which is building or PP&E account.

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

Recruiting - Essay Example These three criteria are pivotal in the selection process. Wal-Mart is the leading public corporation and one of the largest retailers worldwide. The pivotal vision of the company which made then a successful retail company in the world is solely due to striving for excellence, satisfying the needs of customers and effective selection process. The mission of the company is to provide quality product to the customers at lower price. Tesco is another one of the largest retail company in the world. The core business activities of the company are to provide effective service, quality products and enhanced value to its customers. A first criterion is job analysis. Job analysis is the process of determining the number of force required and task to be performed. This tool enables to identify the skill, abilities and knowledge require at every job of a company. Wal-Mart require skilled and talented workforce. Job description is part of job analysis. Wal-Mart provides job description to the employees before the start of a formal job. Line manager, s upervisor and other managers guides employees during the process of training. Physical function of a job can notified with the help of job analysis. This resembles the fact that it is quite problematic to eliminate the hazards and ergonomic injury due to unavailability of job analysis. The process of job analysis enables to conduction selection and recruitment of employees. It can also help to manage compensation and performance appraisal. Validation process is another criterion. The evidence which is acquired after work behavior and score on job analysis is evaluated. This process is implemented by organization like Wal-Mart and Tesco to evaluate the selection procedure. The process of validation can also be executed in the existing job description for updating. Third criterion is to establish measure for job