Corporate Accounting Essay Example | Topics and Well Written Essays - 2000 words

Corporate Accounting - Essay Example In this paper we look at impairment of assets from the view point of Transfield Services. The report starts with an introduction about Transfield Services and the business they are in. then it goes on to analyze the impairments done in 2009 wand 2007 and provides a brief explanation of the differences in the same. A detail analysis about the impairments done in the year ending 2009 has alson been provided alongwith the reasons for the sudden increase in the amount of impairment loss, a comment on the methods of impairment followed by Transfield Services and its sync with the AASB 136 standards. The report ends with a view on Impairment of Assets as a whole. Transfield Services Limited provides various services to key industries in the Resources and Industrial, Infrastructure Services and Property and Facilities Management sectors. (Transfield Services (Australia) Pty Limited, 2008) It provides maintenance, and asset and project management services globally. (Transfield Services (Australia) Pty Limited, 2008) Providing a range of structured business processes together with skilled management to help clients achieve maximum value from their existing assets. (Transfield Services (Australia) Pty Limited, 2008) Undertaking of significant maintenance, shutdown, turnaround and engineering projects to optimize clients capital expenditure and achieve goals efficiently within budget. (Transfield Services (Australia) Pty Limited, 2008) Providing information to clients regarding the best practices followed in the industry as well as outside it to instill a culture of continuous improvements in the client. (Transfield Services (Australia) Pty Limited, 2008) Providing Operations Systems Manual (OSM) to monitor issues relating to health, safety, environment, quality and risk to effectively manage and control HSE risks within the workplace. (Transfield Services (Australia) Pty Limited, 2008) Yes, Transfield Services did undertake

Diversity Plan for Abercrombie & Fitch Essay Example | Topics and Well Written Essays - 1250 words

Diversity Plan for Abercrombie & Fitch - Essay Example The teen apparel retailer has had consistent good performance in terms of profitability despite the challenging U.S. retail environment (Anna 2013). In order to increase its revenue, the company has put in place measures to ensure that it spreads out to international markets by widening its product portfolio. It is therefore imperative that the company should implement a diversity and inclusion program so as to improve its position as an international apparels retailer. President’s Statement Diversity is an important source of competitive advantage in terms of innovation and growing company revenues. The ability of a company to compete in both the domestic markets and the international markets depends on the resourcefulness of its people. Suffice to say, Abercrombie & Fitch values its people as the most important asset for the company. Workplace diversity and inclusion gives sufficient intellectual capital to fuel our growth to new levels. The apparel retail market has been ch anging rapidly and it is through diversity that the company can be able to meet new challenges and create value for both our clients and shareholders. The strength of our company comes from the combination of our values, knowledge and expertise. Thus, diversity is the cradle upon which Abercrombie & Fitch Company’s success is anchored. The company values diversity not only for revenue growth but also to foster an all inclusive work environment. The management of Abercrombie & Fitch Company is fully committed to ensuring diversity and inclusion in its workplace. Justification for Diversity Diversity basically refers to human qualities and skill sets that are different and varied among individuals and groups (Morgan and Felix 475). For instance, diversity can be manifested in terms of age, gender, ethnicity, physical abilities and educational background among others. It needs the unique contributions that can be made by individuals with many differences and abilities. The succe ss or failure of a company depends on its ability to create a work environment that harnesses a wide range of input from its employees and business partners (Eagly and Jean 216). Companies are also obliged to satisfy the population and demographics that they serve. One of the benefits of diversity is improved productivity (Kreitz 115). It is notable that innovation arises from a combination of different perspectives towards attaining a common goal. By embracing diversity, an organization is capable of excelling since it will have a large pool of experts with different perspectives to spur its growth. In fact, the global market requires diverse knowledge of consumers and their preferences. Suffice to say, a diverse workforce will be well suited to develop products that are appropriate for the diverse markets. Also, diversity plays and integral role in ensuring that important consumer cultural perspectives are considered in operations of business. For instance, Abercrombie & Fitch has to ensure that it understands the needs of its international markets like Africa which are fundamentally different from the American market. Diversity in the workplace is anchored in law. Organizations are legally required to ensure that their workforce is diverse and does not discriminate against any demographics. In order to avoid class lawsuits, Abercrombie & Fitch has to implement a diversity and inclusion plan that incorporates all the demographics and nationalities in which it operates. Suffice to say, the company’