Change Managment Essay Example | Topics and Well Written Essays - 5000 words

Change Managment - Essay Example As the discussion declares  managers today face constant change and they are often exposed to various challenges. Against this background, this paper has been designed to critically analyse the extent to which the concepts of management and leadership impact on the change process in a given organization.  This paper highlights that  change is either unplanned or planned alteration in the mode of carrying out activities or the status quo. Change is about making things differently and in case of planned change, it can be seen that the change activities are goal oriented and they are intentional. Both internal and external factors can necessitate change in a particular organization. The internal factors that can influence change in an organization include human resources issues while external factors include economic, social, political as well as technological issues.   It is important for organizations to conceptualise change as the gap that exists between the current status qu o and the desired objective. In order to achieve this feat, change has to be properly planned and there are many issues that are involved in carrying out this initiative. Drawing from the case given in patch1 attached, it can be observed that managing change is a process that requires concerted efforts especially by the leaders responsible for the change process.  There are quite a number of activities that are involved in change management such as initiating change, planning, action plan as well as stabilising the change results.

Emerging Accounting Issues Research Paper Example | Topics and Well Written Essays - 1500 words

Emerging Accounting Issues - Research Paper Example These issues are supposed to be in line with the FASB Accounting Standards Codification. This paper seeks to the highlight the role of EITF and its relationship with entrepreneurial entities in the US. Question #1 The EITF was designed to publicize the implementation guidance of sound accounting principles within the framework of the Accounting Standards Codification (ASC). This was meant to reduce diversity on a timely basis, and to minimize the need for the FASB to put effort and spend time in addressing narrow implementation, and application (Wahlen, Jones, & Pagach, 2012). The EITF was meant to create more space for the FASB to delegate on other issues while the EITF dealt with consistent emerging issues that can be analyzed within the GAAP. A common relationship that exists between the FASB and EITF apart from the fact that EITF was formed from the recommendations of the FASB is the EIFT members. Members of this agency are drawn from a cross section of the FASB work force in its various constituencies. These personnel include preparers, auditors and financial statement users. The EITF is designed to act as a taskforce that constitutes individuals with the ability to identify emerging issues before they manifest themselves as widespread divergent practices that become entrenched. This is to ensure that accounting principles and practices that do not serve the best interests of the public are not left unregulated. This gives the EITF mandate to institute regulatory measures and protocols that ensure a certain business entity adheres to standard practice. The responsibilities of the EITF are tandem with those of the FASB; in the sense that actions that cannot be accomplished by EITF are taken up by the FASB. EITF’s effectiveness in finding resolutions is pegged on its ability to identify emerging accounting and financial issues in a timely manner in order affect its regulatory role competently (Bragg, 2012). The agency’s resolution formulation i s founded on the principles of consultative dialogue with the stakeholders and relevant professionals in the fields of financial accounting. To this end, EITF holds public meetings regularly to deliberate on new issues and receive input from proposals and recommendations it ought to make. As defined by its composition, the EIFT best practices, proposals and recommendations are viewed as the best for the benefit of the public good. Constitution of accountants from large accounting firms means that all the current trends in practice are cognizant with EITF’s responsibilities and functions. EITF achieves effective resolution of emerging issues by specifically developing answers and solutions to each emerging issue. This is because experienced observation has led to the conclusion that the development of an encompassing remedial strategy does not guarantee overall effectiveness. Best practice and resolution of emerging accounting issues individually has been cited as the best way EITF effectiveness and efficiency. Question #2 The EITF issue No. 13-C is concerned with the presentation of unrecognized tax benefit when a net operating loss carry-forward or tax credit carry-forward exists (Hyman, 2010). During the presentation of a statement of financial position, revelation of unrecognized tax benefits on income tax is not explicitly mandatory. There exist diverse practices when it comes to the revelation