Wednesday, December 25, 2019
The Fight Against Buy Custom Essay Papers
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Tuesday, December 17, 2019
An Introduction to Managerial Accounting and Cost Concepts
1-1 Chapter 1 An Introduction to Managerial Accounting and Cost Concepts Introduction to Managerial Accounting MSc. Mohammad Hicham Khalil Objectives 1. Comparison of Financial and Managerial 2. 3. 4. 5. 6. 7. 8. Accounting. General Cost Classifications. Product Cost versus Period Cost. Cost Classifications on Financial Statements. Cost Classifications for Predicting Cost Behavior. Cost Classification for Assigning Costs to Cost Objectives. Cost Classification for Decision Making. Review Problems MSc. Mohammad Hicham Khalil Introduction to Managerial Accounting 1-2 Learning Objective 1 Comparison of Financial and Managerial Accounting Introduction to Managerial Accounting MSc. Mohammad Hicham Khalilâ⬠¦show more contentâ⬠¦Product costs consist of: Direct materials. Direct labor. Manufacturing overhead. Product costs are sometimes called ââ¬Å"Inventoriable costâ⬠. Introduction to Managerial Accounting MSc. Mohammad Hicham Khalil 1-11 Period Costs Are all the costs that are not included in p product costs. These costs are expensed on the income statement in the period in which they are incurred. All Selling, General and Administrative Costs a e considered are co s de ed to be pe od costs period costs. Introduction to Managerial Accounting MSc. Mohammad Hicham Khalil Product Costs VS Period Costs Product costs include direct materials, direct , labor, and manufacturing overhead. Inventory Cost of Goods Sold Period costs are not included in product p costs. They are expensed on the income statement. Expense Sale Balance Sheet Income Statement Income Statement MSc. Mohammad Hicham Khalil Introduction to Managerial Accounting 1-12 Introduction to Managerial Accounting MSc. Mohammad Hicham Khalil Quick Check Which of the following costs would be g considered a period rather than a product cost in a manufacturing company? A. Manufacturing equipment depreciation. B. Property taxes on corporate headquarters. C. Direct materials costs. D. Electrical costs to light the production facility. E. Sales commissions. Introduction to Managerial Accounting MSc. Mohammad Hicham Khalil 1-13 Quick Check Which ofShow MoreRelatedImportance of Managerial Accounting1005 Words à |à 5 PagesIntroduction The purpose of management accounting in the organization is to support competitive decision making by collecting, processing, and communicating information that helps management plan, control, and evaluate business processes and company strategy. The interesting thing about management accounting is that it is rare to find an individual within a company with the title of ââ¬Å"management accountant.â⬠Often many individuals function as accountants within the organization, but these individualsRead MoreBUS 630 Final Paper1617 Words à |à 7 PagesDecision Making with Managerial Accounting Managerial accounting is essential for decision making. Making the best choice depends on the managers goals, the anticipated results from each alternative, and the information available when the decision is made (Schneider, 2012). The different techniques associated with managerial accounting are very helpful in the decisions that need to be made. In order to truly understand decision making with managerial accounting one must first discern exactlyRead MoreSignificance of Managerial Accounting776 Words à |à 3 PagesManagerial accounting and its significance Introduction In the professional education of today, which is inclusive of management accounting education, the universities and colleges are finding problems. The learning institutions have limited resources and also have incapability in making sure students graduate with the necessary knowledge and skill. These two elements are fundamental for the graduates future career decisions. The title managerial accounting has much to do with nurturing accountantsRead MoreCBU Syllabus 2015 MBAC 51031353 Words à |à 6 Pagesï » ¿ Introduction to Accounting: MBAC 5103 Instructor Information Professor: Derrick Hayes Winter 2015 Office: SB217 Tues Thurs: 1:00 ââ¬â 2:15 pm Email: derrick_hayes@cbu.ca Phone: 563-1312 Course Website (URL): Textbooks and Readings Required Text: Hayes, Derrick, Introduction to Accounting, Primus, McGraw Hill Prerequisites: NONE CourseRead MoreManagerial Accounting, Applied to Successful Project Accounting Practices1215 Words à |à 5 Pages Managerial Accounting, Applied to Successful Project Management Accounting Practices 1.1 Introduction to Managerial Accounting in Project Work Environments This paper provides research and pertinent Managerial Accounting strategies that support the overall financial goals of project management professionals within the context of project management work environments. Many industries rely on project management as an important part of a successful business strategy. Project managers are underRead MoreEssay Cost Volume Profit Analysis 1042 Words à |à 5 PagesCost volume profit (CVP) analysis and costing for the 21st century has evolved into a very complex and difficult paradigm. Even the most gifted accountants find that grasping the entire concept of accounting for a corporation can be very mind-boggling and difficult. Yet, understanding such a fundamental principle can allow corporations to grow in ways that other, less educated, corporations can never dream to achieve and simultaneously understand the ââ¬Ëbottom-lineââ¬â¢. In this paper we will discuss valueRead Moreintermediate accounting 2 test bank Essay8318 Words à |à 34 PagesIntermediate Accounting Kieso 15th Edition Test Bank Click here to download the solutions manual / test bank INSTANTLY!!! http://www.solutionsmanualtestbanks.com/2013/05/intermediate-acc ounting-kieso-15th-edition-test-bank.html Intermediate Intermediate Intermediate Intermediate Accounting Accounting Accounting Accounting Kieso Kieso Kieso Kieso 15th Edition Test Bank 15th Edition Test Bank Weygandt Warfield 15th Edition Test Bank Weygandt Warfield 15th Edition Test Bank Read MoreCausal Effect of Creative Accounting on Financial Reporting and Decision Making.1075 Words à |à 5 Pages CAUSAL EFFECT OF CREATIVE ACCOUNTING ON FINANCIAL REPORTING AND DECISION MAKING. (A Survey of Selected Financial Institutions in Nigeria)-jetibensi@yahoo.com By: Jackson Etibensi A Concept Note Submitted to the University of Calabar, Graduate School as Prerequisite for Admission into MSc. Accounting, Faculty of Management Sciences. INTRODUCTION: Financial Statements provides information that is used by interested parties (users) to assess and appraise the performance and financial Status ofRead MoreManagerial Accounting Analysis of Concepts and Techniques4204 Words à |à 17 PagesManagerial Accounting Analysis of Concepts and Techniques Managerial Accounting BUS 630 Managerial Accounting Analysis of Concepts and Techniques Introduction/Thesis Statement Managerial accounting is a concept used in businesses to manage internal systems. Understanding the importance of effective decision making, planning and control creates a foundation for value within the company on a more in depth level. Planning and controlling is measured by performance based on budgeting accountsRead MoreEbooks Solution Manuals and Test Banks for Text Books19223 Words à |à 77 Pages12 Solution Manual à ¡Arriba! Comunicacià ³n y cultura Student Edition by Eduardo ZayasBazà ¡n,Susan M. Bacon 5 Instructorââ¬â¢s Resource Manual à ¡Arriba! Comunicacià ³n y cultura Student Edition by Eduardo ZayasBazà ¡n,Susan M. Bacon 5 Test Bank A Concise Introduction to Logic by Patrick J. Hurley 11 Test Bank A First Course in the Finite Element Method by Daryl L. Logan 5 Instructorââ¬â¢s Solution Manual A People and a Nation A History of the United States, Brief Edition, Volume I, 9th Edition by Norton, Sheriff
Monday, December 9, 2019
Evaluating the Socio Economic Impact of the Structural Adjustment Program free essay sample
These have left most SSA countries with acute balance of payments (BOP) disequilibria and an inability to service their debts to foreign bodies. In an effort to tackle the economic crises and to stimulate economic recovery, most African countries had to adjust and re-structure their economies. According to Dasgupta (1998), structural adjustment was seen as a fact of life. Thus in the 1980s, most African countries initiated economic policies which were sponsored by the World Bank and supplemented by the International Monetary Fund(IMF) in the form of stabilisation and structural adjustment programmes (SAP). Between June 1986 and July 1987 alone twenty one SSA countries went through World Bank/IMF SAP. Generally, SAPs entail policies designed by the world Bank/IMF aimed at improving the socioeconomic conditions of implementing nations by restoring economic stability and achieving long term growth through addressing structural weakness, and disequilibria in among others government budgets and external sector. More precisely, they involve the adoption and implementation of policies such as currency devaluation, trade liberalization, privatization, and removal of subsidies etc. We will write a custom essay sample on Evaluating the Socio Economic Impact of the Structural Adjustment Program or any similar topic specifically for you Do Not WasteYour Time HIRE WRITER Only 13.90 / page hich are perceived as means of reversing the pervasive social and economic problems of developing nations. There has been a considerable amount of literature on the effects of SAP measures on less developed countries (LDCs) with no apparent consensus. On the one hand, international financial institutions (IFIs) maintain that SAPs are vital tools for economic recovery and sustainable economic growth. On the other hand, many economists and social scientists argue that SAP measures have led to recessions and poor standards of living in developing countries (Jauch 1999). Thus, the impacts of SAPs remain highly controversial. Even though there are disparities as to the exact effects of SAPs, it is generally accepted that they have far reaching implications for not only the macroeconomic environment of the countries concerned but society at large (Mosley and Weeks, 1993, Riddle, 1992, Stein, 1992, El-Tom, 1994, World Bank, 1994). It is against this background that this dissertation attempts to study and analyse the effects of SAP on the Nigerian economy. The choice of Nigeria as a case study is due to the fact that it has implemented one of the most radical structural adjustment programmes in Africa. Thus the question which posed is, what impact if any has SAP had on the Nigerian economy. Before we proceed, it should be emphasised that this dissertation subsumes IMF stabilisation programmes under World Bank structural adjustment programmes. The reason for this is that the two programmes are intertwined and this is done also for simplicity. . 2 Aims and Objectives This paper aims to explore the role SAP has played in the Nigerian economy. The major objective of the project is to offer a better understanding as to why, what and how structural adjustment program in Nigeria evolved. The primary focal point is to inspect the basis for and causes of the reforms, formulation and implementation processes, and the reform outcomes. The precise objectives of the dissertation are as follows: First, to provide a better understanding of the backgr ound to the economic crises in Nigeria that led to SAP * Second, to outline the objectives of SAP and the reforms implemented by the Nigerian government * Third, to analyse the macroeconomic and social consequences of implementing SAP in Nigeria 1. 3 Methodology and data To evaluate the effects of SAP on the Nigerian economy, the dissertation applies so-called ââ¬Ëbefore-after approachââ¬â¢ which in its essence compares the values of selected variables in the period before a program is implemented to those of post-implementation. This approach has been one of the most widely used when evaluating SAP. One of the main advantages of the approach is that it can give an insight into whether structural adjustment improved key economic indicators. The major shortcoming of the methodology employed in this paper is that it assumes that all outcomes are the result of the programme itself and thus does not take into account the impacts of others factors. Another limitation is that it does not reveal the causes of variable changes. However, in spite of the fact that the before-after approach may have some degree of bias as an estimation procedure, it nevertheless, has inherent objectivity and is relatively easy to employ. The dissertation relies on secondary data ââ¬â mainly World Development Indicators. In addition, various government publications are utilised. In the case of Nigeria, the lack of data and the quality of data available had a major constraint on the study. The data were often found to be unavailable and there were discrepancies in the different data sources.
Sunday, December 1, 2019
Similarities between small and big families
Both small and big families have similarities and differences, in the way they live and conduct their activities. Whether a family is small or big, there are basic needs that each family requires such as food, clothing, shelter etc.Advertising We will write a custom essay sample on Similarities between small and big families specifically for you for only $16.05 $11/page Learn More It is the nature of every family to have the head, who is probably the father, the mother, and then their children. The children of every family whether small or big, look upon their parents for every type of support, such as finances, moral, and educational support. It is a wish of every parent in any type of a family to see his or her children grow and achieve their future dreams. It is a common practice of every family to live together, until when the children attain a certain age, when they can sustain themselves and live by their own. Every family has a top-to-down managem ent, whereby it is the responsibility of the parents to guide their children on where and how to do things. The parents aid the decisions made in a family, although in some cases children may be consulted to give their views. The differences between big and small families Education Big families Children from big families hardly get a good education. Their parents lack enough finances to cater for education of each child in the family. Parents can only afford the basic education in public schools, as private schools are very expensive. Small families Children in small families have all the chances and resources to cater for their education, up to the highest levels of education they deserve. Most of the parents from small families can afford to take their children to private schools where their dreams can be achieved. Being in private schools, these children get a good opportunity of getting good grades that enables them to further their education, and achieve their expectations. Tim e Big families Big families have difficult time, because every step they intend to make is limited by some challenges. Lack of resources is one of the major challenges of big families. Their survival times become very difficult, and face hard times all through. A child may be willing to learn, but due to lack of finances, this becomes impossible. Small Families Small families have easier time, as it becomes an easier for them to attain anything they deserve. They live a comfortable life without many problems, and probably, they achieve their expectations.Advertising Looking for essay on social sciences? Let's see if we can help you! Get your first paper with 15% OFF Learn More Stereotype Big families Children in big families tend to think that they are not important. For instance, when more than ten people surround the dinner table, some children may not even be noticed. This would make such children feel less catered for by their parents, and think they are not valued in the family. Small families Children from small families get all the attention from their parents. In whatever they do, their parents are still watching and ready to extend their hands for assistance. Such children grow being confidence, and feel being an important part in the family. Their creativity level is also high compared to children from big families. Finances Big families Big families have less finance to cater for their needs. In most of the cases, such families live in rental houses, as they cannot afford to buy a house of their own. Their living standard is low compared to small families, and mostly they do not own luxurious items like big cars. Big families live just normal lives, meeting only their basic requirements. Small families Small families have more sources of finances. Most of the parents in such families have a higher level of education, and work in professional fields. Such parents earn good salaries that can afford them luxurious lives. They own big hous es, good cars, and their children can afford a high quality life. This essay on Similarities between small and big families was written and submitted by user Jermaine A. to help you with your own studies. You are free to use it for research and reference purposes in order to write your own paper; however, you must cite it accordingly. You can donate your paper here.
Tuesday, November 26, 2019
Islamic credit in Britain financial market and especially for the Islamic bank of Britain. The WritePass Journal
Islamic credit in Britain financial market and especially for the Islamic bank of Britain. Introduction Islamic credit in Britain financial market and especially for the Islamic bank of Britain. IntroductionAimWhat Is Credit CardHistory of Credit CardThe Credit Card In Britainà Credit Card Systemà Islamic Bank Of BritainLiterature reviewsJustificationHypothesisResearch MethodologyScopeLimitationsConclusionRelated Introduction I m aiming in my dissertation to built a model of Islamic credit in Britain financial market and especially for the Islamic bank of Britain. There is no Islamic Credit Card present at the moment in the Britain and the only Islamic financial institute is Islamic Bank Of Britain. My study is based on the Islamic credit cards which are prevailing in the financial markets of Middle East and Malaysia. Most Banks in Asia they been offering such cards based on deferred payment knows them (bay to the inah) concept which is later on been discovered as controversial, mock and totally against the Islamic law (Shariah). As for as Shariah is concerned most of banks in Asia have their own Shariah compliance tribunals for decision-making but I know the problem was that at same Time most of Shariah boards to were adverse opinion on the same subject matter. These But all of solutions providing by these Asian banks to were not compatible according to the Holy Book Quran Said By the ââ¬Å"Bankers from Middle Eastâ⬠. While in the Gulf countries banks have new plans to access the Muslims believes and offering them credit card. Their approach is very seemlier to principal and granter, or guarantee based system. My financial model will carry out the religious and financial prospective both at the same Time. This model may also have loads impracticabilitys as for as adoption by the Islamic Bank Of Britain or their might be I know much complex procedures required. Aim I am aiming to construct, regarding Britains Islamic bank Islamic credit cards financial model and especially for Britains financial market. The goal follows on somebodys heels is the academic lecture core goal. To finds out credit cards effect according to Islamic law (Shariah) à regarding the payment pattern. In the British appraisal credit card market as well as may Muslims use these card. May provide credit cards reliability and the effect in the market revelation Islamic. What regarding uses in Islamic credit cards appropriate model existence these concept use aspect in credit cards function finding out the latent Islamic principle credit card is? What Is Credit Card The credit card possibly is defined to arrive invariable compensation card that to propose may to purchase cardholders credit specific quantity which and pay the flowered amount. Outstanding widespread balanced, in is assigned in the time is may pay, or the interest will cause on surplus balanced. (Paxon and five, 1998) History of Credit Card The credit card systems first type is developed in the US. Later in 20 centuries at the beginning, will use in the metal plate to the Western Alliance and other financial institute recording the customer detail and the account. The FlatbushState bank introduced its monthly allowance account bank accountholders in 1947. In 1951, the FranklinState bank was issues credit cards first financial institute to other bank customer. (Lindsey 1980). the diners club issued in 1950 the first modern credit card, and was called the travel and the entertainment (T E) card. The US express followed the visitor who ate meal to club and to provide in had the credit period characteristic between the expense and the payment for the credit card 1958, but did not have the partial payments facility. (Wonglimpiyarat 2005) the national credit card first developed and allows it to stretch across Earths other banks in 1966 from the American Bank. Will become all things as for the result rival by later to result in the card between the bank and the main charge name which will provide is joined. (Frazer 1985) The Credit Card In Britain Barclays issued in 1966 the first credit card in the agreement later by the American Bank. Barclays imports all facilities and the structure in Britain revises the American Bank operation. (Wonglompiyarat 2005) à Credit Card System The visa, the switch and Master manage under the four directions plan. These all transactions through the plan involvement are four main parties; Holder of à the card, through the use of à card, pays the payment, The card publisher, provides the card to the user, and runs the trading account, The retail merchant, sells the goods or the service back-spacing promise for the payment. Merchant acting as a purchasing agent, the absorption retail merchant, obtains from the card publishers payment and the repayment gives the merchant. They have frequently with the merchant, but its Relations; does not force. à Islamic Bank Of Britain Islamic Bank Of Britain is only Shariah the obedient financial service authority (FSA) authorization financial institute in Britain. It started its operation and located at three British various cities and the branch in 2004 in London and the main office in the Birmingham. Other Islamics bank, I elect likely the bank goal also will provide the choice for the regular mechanics of banking through to avoid interest (Riba) and definitely to maintain the money only spends at the moral enterprise. At present the bank expands its product rapidly and serves two pair of current finances and the banking industry crisis, the Islam community in Britain, the availability non-interest credit card, in massive the growth Islamics mechanics of banking, chooses the choice modern mechanics of banking product and the service, the integrated Islamic financial concept is looking like Lloyds TSB modern bank neutral HSBC and is not voluntarily the high interest rate strong existence rule credit card. (www.i slamic-bank.com) Literature reviews In todayââ¬â¢s society the credit card uses the achievement to pay money a basic way. Has to credit cards various uses for example payment, the Credit facility, the cash advance easy way and as for the status symbol. Presented the payment proposition money value way compared with Islamic credit card and the conventional credit card, has various questions which a lower penalty spends, provides free bonus year after year, a fancier look and the proposition expense gives up. (Ma Sum total Billah 2001). Islam permission use credit card, because it does not incur the interest, and at the same time it does not violate Shariah any rule. (Ahamad and lake huron 2002). Whether I did know the credit card service only pays the main amount as for the user to add on operates and the overhead charge credit card, the financial entry is permitted, because it does not involve any kind in the Islam the element benefit which forbids. (in el Azura 2006). The use to pays money other way credit cards ad vantage for the purchase, the cost effectiveness, the security and the world acceptability is easy to use. (Mohammad 2003). Justification In the Middle East and Malaysia the method which discussed, anticipated financial model and gift payment method and religious belief flaxen cloth. The research possibly completes the explanation, but is may be the description possibly takes the bank with it to this domain research union important work. Hypothesis The hypothesis has the limited research in the region Islamic credit card in Britain. (2007) the Shah pale research which and the discovery conducts has in the human limited aware about Islamic credit card. Mohd (2008) has identified influence Islamic credit card usage several factors for them. Had has developed following three hypotheses; H1: Technical and the function services quality has to immediate influence Islamic credit card user. H2: The religion has positive influence to the usage of Islamic credit card. H3: The culture is directly affects Islamic credit cards choice, the usage and satisfaction. Research Methodology The research methodology based on secondary data heavily. My research may use to the bank website in the Middle East and Southeast Asia and various origin together for example article, the research, the journal and the book. Other origins and insure London including on-line Islamics institute mechanics of banking, the Middle East banker magazine library Islamic finance (www.maktabonline.com), journal and complete other on-line resources. Because appears self-confidently in the promiscuous method has the research qualitative and the quantitative method mix. Except that beside further studies may be appears to the possibility to it with the current research findings. Scope Core goal, if the research is the development to the financial model Islamic credit card Britains Islamic bank. Bank possibly for theirs credit card research applications research at that time credit card in theirs stock list, but its long waiting. The report will also highlight the key question for example in massive the general manner, the belief and the perception about the non-interest Islamic product and the service option and the usage. The report is willing in the modern day mechanics of banking also to show the convention mechanics of banking system choice and Islamic financial concept integration, and, when result trend toward mechanics of banking Islamic way. Limitations Limits all hates diligently, the research has the loading limit. First it is limited Islamic the credit card and Britains Islamic bank. Next, the sample will be small, and will not provide to the population overall picture. It will concentrate mainly signs in upon arrival at work a broader picture in the merchant, because of it True s stemming from found individual the control use Islamic financial organ. Also the will did not think that perhaps the religious responder and it neglects to the Islamic financial service Islam users great proportion. Conclusion What the conclusion Islamic Bank of Britanavoids establishing likely is the regular mechanics of banking provides chooses other Islamic bank interest (Riba) and definitely maintains the money only spends at the moral enterprise. Two pair of current finances and banking industry crisis, the Islam community in Britain, is not the availability strong existence non-interest credit card, to chose the modern mechanics of banking voluntarily in massive, Islamic financial concept integrated choice in has looked like HSBC in the modern bank, and a higher interest rate in the regular credit card, there was in the non-interest giant hidden growth potential sum
Saturday, November 23, 2019
Difference and Usages Between To and Too
Difference and Usages Between To and Too Sometimes a seemingly small error can turn a great paper into a dud. Using to when you should have used too might seem like a small matter to you, but it can be one of those errors that make the red ink pens fly. This is one mix-up that makes teachers and professors crazy! The key to remembering when to use too instead of to is the extra o in too. The word too is used when youre referring to an extra or excessive amount of something. For instance: Im too tired to do another math problem. (excessively tired)Ive eaten too many blueberries and Im feeling sick. (an excessive amount)Im coming to your party too. (as an extra person)I think the school day starts too early. (excessively early) The word to has many uses. 1. It can be a preposition expressing a certain direction or location: I am going to the coffee shop. 2. It can be a proposition that identifies a thing or person being affected by something: That situation seems crazy to me. 3. It can make up (or indicate) an infinitive verb form. Marigold loves to sing.To live well is my goal. More Tips for Using Too If you are already in the habit of mixing to and too, it will take a little practice to correct yourself. They key is to stop and make a conscious decision each time you start to write the word to. Ask yourself if: You could substitute the word very.You could substitute the word excessively.You are dealing with an increase in number or degree of something.You could substitute the word also.Youre talking about going past a certain limit.You could substitute the word exceedingly. Notice how each case above deals with the notion of an extra amount? Just think about that extra o in too as you write and proofread. Youll be cured of a bad habit in no time!
Thursday, November 21, 2019
Assemble a Patchwork Text (Accounting and Information System) Essay
Assemble a Patchwork Text (Accounting and Information System) - Essay Example The dynamic nature of the modern markets means that organisations and their operating principles will always be on the change. Unless the modern working individual can change just as fast or faster, there is little relevance of his work to the organisation anymore. These personal changes have their wider impact on the organisational culture as well since people working in one organisation are deeply interlinked. These issues gain greater momentum when put under the light of dealing with a large number of staff members with varying socio economic and ethnic backgrounds. The multicultural environment in the modern workplace necessitates the individual to be accommodating, tolerant and ready for change as required. When viewed closely, these issues relating to change in the modern workplace all point to the same direction ââ¬â the individual. As organisations change in one way or the other, the individual employed in these situations has to mould himself or herself accordingly. This indicates that the individual working for these establishments has to be quick and responsive to change by being accustomed to changes in leadership styles, management of change and their impact on others around them. These needs and requirements of change in the modern workplace mean that the individual has to be equipped with knowledge of psychodynamics to change. However, since psychodynamics is not a part of essential learning and training in most organisations, a large number of employees find it hard to change. It is only recently that psychodynamics has been employed in organisations to explain change on an individual level. This paper will employ the psychodynamic concepts elucidated by Vries (2004) in order to explain organisational change and its relevance to personal change. The facets of personal change and organisational change experienced by the author in an organisational work environment will be explored in detail in different sections. The first section will concen trate on the primary issue that caused a personal change in an organisational environment to occur. Both the core issues and their deeper context will be explored with reference to the organisation. The second section will focus on the causes that caused recognition of change and its corresponding management. The third section will expound how the author dealt with such changes and ensured its sustainability. The fourth section will deal with how this change affected the greater organisational culture and particularly the people around the author. Focal Event A focal event in terms of personal change can represent a decisive event that forces a person to change. It must also be mentioned that the focal event does not precipitate without past events that are gradually moving a person to a change. The focal event that is being referred to in this paper has been likened to the ââ¬Å"last straw on the camelââ¬â¢s backâ⬠(Vries & Balazs, 1999). Therefore, the focal event can be treated as a minor or major event that triggers a person to pursue change that had been developing over a period of time for any number of factors. My focal event was when I was transferred from an existing unit to a new unit that was just being set up. The management had asked me if I intended to shift to the new unit. I was appraised that the setting up of a new unit would allow me to experience many things for the first time
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