Interview report about education Research Paper

Interview report about education - Research Paper Example People make money by selling their scientific knowledge and related skills to the concerned buyers. This imparts the need to improve the quality of education in general and the scientific education in particular so that the world’s civilization can touch new heights. Likewise, improving the quality of schools as the platforms of deliverance and exchange of knowledge is no less important. To achieve these purposes, a qualitative study was conducted to evaluate people’s perceptions on education and the potential ways in which education can be improved. A total of 15 people were included in the survey, 11 of which were students and were outside the professional education community, while 4 of the research participants were from the professional educational community. There were 8 questions in total in the survey. Question statements are shown in Table 1. Table 1: Questions of survey Question No. Question Title Question Statement 1 Significance of schools Why do you think w e have schools? 2 Significance of science classes Why do you think we have science classes? 3 Outcome of holistic success of schools If all schools were very successful, what do you think the result would be? 4 Outcome of holistic success of science classes If all science classes were very successful, what do you think the result would be? 5 Learning needs and processes What do you think students should learn and how should they learn? 6 Learning needs and processes of science classes What do you think students should learn in science classes and how should they learn it? 7 Ways to improve schools What would you suggest that schools do differently so that they could be successful? 8 Ways to improve science classes In the sciences specifically, what should be done differently in order to be successful? Table 2: Particulars of the research respondents Name Maximum Education Gender Age (Years) Religion Country A PhD (Geotechnical Engineering) Male 62 Christian USA B MS-Comparative Reli gion Studies Female 35 Christian USA C Master of Business Administration Male 25 Muslim India D BSC-Mechanical Engineering Female 33 Christian USA E Intermediate Male 18 Christian UK F Grade 9 Male 15 Jew Israel G Grade 8 Male 14 Christian Australia H Grade 7 Female 13 Jew Australia I Grade 6 Female 12 Muslim Pakistan J Grade 5 Male 11 Hindu India K Grade 3 Male 9 Christian China L Grade 2 Female 8 Hindu Nepal M Grade 1 Female 5 Christian USA N Upper Nursery Male 5 Muslim USA O Lower Nursery Female 4 Buddhist Japan Findings Common themes in the responses to all questions were identified. Table 3 lists the common themes identified in the answers of the respondents along with the respondents that supported them. Table 3: Common themes in responses Question No. Common Themes in Response to Question 1 To have a formal and structured educational system 2 To develop an understanding of the way things work 3 Demand of good jobs would outweigh the supply 4 Very rapid technological advanceme nt 5 Students should learn ethics and science. They should learn them in schools 6 Corporate social responsibility in addition to the traditional science education. Teachers of science should be experts in professional ethics 7 Upgrade the curriculum to incorporate latest knowledge 8 More practical work, and provision of technical training including software Response to Quest

Maccabees and the Struggle with Paganism Essay Example for Free

Maccabees and the Struggle with Paganism Essay Maccabees were found in the books of the Old Testament. It narrated the Jewish historical struggle in their religious traditions. Around 175 B. C. there was a monarch known as Antiochus Epiphanes, son of King Antiochus the third of Syria that ruled the Jews. Jewish people were known to be faithful in the Law given by Moses. During their times, Roman empires were expanding and it included Judea in its empire. The Greeks and Romans both practice polytheism and paganism while the Jews were known as monotheistic. These major religious differences brought conflicts among the different civilizations and cultures. Antiochus and the Suppression of Judaism King Antiochus image as a king was that of a tyrannous, greedy and eccentric ruler. He was the foremost oppressor of the Jews. Even if Roman Empires were tolerant of other existing religious sects, the suppression of the Judaism occurred in their times. At first the Jews were free to exercise Judaism even with the presence of pressures in the virtues of Hellenism. But according to the book of First Maccabees there appeared in the land of Israel a group of traitorous Jews who had no regard for the law and they started to break from their customs. They came in terms with the Gentiles and followed their ways. They even asked the king for permission to follow their customs. This led them to built stadium similar to the Greeks. They even performed surgery to hide their circumcision and they also stop observing the Sabbath. Afterwards Antiochus performed other terrible things in the people of Judea and Jerusalem. He murdered the men in Jerusalem and plundered them with their gold, silver and other valuable things. He even destroyed the Jewish temples and force people to worship other gods and forget about their teachings and moral laws. â€Å"The Awful Horror† was committed to the Jewish people by King Antiochus. The Hasmonean or the Maccabees were the heroes that rebelled against paganism and restored Israel’s religious traditions.

Hypothyroidism Thyroid Hormone

Hypothyroidism Thyroid Hormone Hypothyroidism 1 Information on Hypothyroidism Hypothyroidism 2 What is hypothyroidism? Hypothyroidism is a condition in which the thyroid gland fails to produce enough thyroid hormone. What are the causes of hypothyroidism? Some common causes of hypothyroidism are the failure of the pituitary gland to secrete a hormone called TSH, to stimulate the thyroid gland, congenital birth defects, surgical removal of the thyroid gland or inflammatory conditions, and iodine deficiency. The most common cause of hypothyroidism is called Hashimotos thyroiditis. This is an autoimmune disease which develops antibodies against its own thyroid gland cells. Some other factors that contribute to hypothyroidism includes female gender, obesity, thyroid surgery, and exposure of the neck to X-ray or radiation. How is hypothyroidism diagnosed? Hypothyroidism can be detected through a simple blood test. In this blood test, the doctor will compare your TSH (thyroid stimulating hormone) level. A low T4 and a high TSH level indicates hypothyroidism. This is the best and most reliable way . What are the symptoms of hypothyroidism? The symptoms of hypothyroidism are: low energy, constant tiredness, depression, dizziness, weight gain, despite loss of appetite, ankle swelling, anemia, and goiter (enlarged thyroid). Symptoms of hypothyroidism can range from mild to severe. Some symptoms may go unnoticed or dismissed for more simpler conditions. What are the complications from hypothyroidism? Hypothyroidism 3 People with hypothyroidism may not have any symptoms at all. In some people, hypothyroidism can lead to heart disease, increased risk of infection, infertility, and miscarriage. The most severe complication is myxedema coma, which is a medical emergency that occurs when the bodys level of thyroid hormones become extremely low. If not treated with intravenous thyroid hormones and steroid therapy, it can be fatal. How is hypothyroidism treated? The most effective treatment for hypothyroidism is thyroid hormone supplementation. Levothyroxine is the most commonly used medication. Based on a persons TSH level, proper dosage is given in the form of a tablet. This medication is taken throughout a persons life. Thyroid hormone levels should be checked yearly to make sure the dosage is the correct amount. Can hypothyroidism be prevented? There is no prevention for hypothyroidism; however, screening tests in newborns can detect congential hypothyroidism. Hypothyroidism 4 References Hypothyroidism. ( 2008). Retrieved January 8, 2008, from Endocrine Website: http:// www.endocrineweb.com/hypo1.html Hypothyroidism. (2008). Retrieved January 29, 2008, from Health Encyclopedia: http:// www.healthscout.com/ency/68/34/main.html Hypothyroidism.(2008). Retrieved January 30, 2008, from Mayo Clinic website: http://www.mayoclinic.com/health/hypothyroidism/DS00353 Hypothyroidism.(2008) Retrieved January 30, 2008 from Medline Plus website: http://www.nlm.nih.gov/medlineplus/ency/article/000353.htm

Macbeth Was Not Totally Responsible For The Evil Unleashed In Scotland :: essays research papers

Macbeth Was Not Totally Responsible For the Evil Unleashed In Scotland Macbeth, although largely responsible, was not totally responsible for the torrent of evil which was unleashed in Scotland after after Duncan's death. Both Lady Macbeth and the supernatural powers must accept at last some of the responsibility for the evil deeds unleashed during Macbeth reign. They both forced Macbeth to be proactive in chasing the crown at a time when he was of the opinion that " If chance may have me king why chance may crown me." The play began with the forces of evil stirring Macbeths ambitions nature by declaring that he " shall b king thereafter." They then said of thou be none." Banquo noted how Macbeth looked fearful and he must have realised the witches put into words what Macbeth had been thinking. The supernatural forces not only got Macbeth thinking about how he could become king but also laid the foundations for his feelings of insecurity that would lead to his subsequent murder of Banquo. The major external influence pushing Macbeth to kill Duncan was Lady Macbeth. She knew her husband was " too full o' the milk of human kindness" to take the initiative and she resolved to push him into murdering Duncan Macbeth was so upset after killing Duncan he stated " I'll go no more, I am afraid to think what I have done". Lady Macbeth then accepted the responsibility of taking the daggers and smearing the grooms with blood. She had goaded Macbeth into killing Duncan and she stopped him from falling apart with remorse after having done the deed. Macbeths reign as king was one of fear and insecurity that others would take the crown from him. Of Banquo he said " their is none but he whose being I do fear". Macbeth was obviously thinking back to the prophesies of the witches and he

Tally

TALLY . ERP9 FEATURES Advantages of Tally. ERP 9: †¢ Powerful remote capabilities that boost collaboration †¢ Easy to find qualified personnel †¢ Easy to customize †¢ Low cost of ownership via quick implementation, Tally Integrator, Support Centre†¦ Functions & Features: Accounting All your accounting requirements are supported and more. Accounting, also known as bookkeeping, is the recording and classifying of financial transactions into the books of accounts and associated registers.Let us look at the some of the ‘needs' for which businesses maintain books of accounts: †¢ To fulfill legal requirements – records as per standards and practices †¢ To pay taxes to various bodies – statutory needs †¢ Keep the business running – manage receivables & payable, cash, bank†¦ †¢ Keep a watch on the pulse of the organization – key performance indicators †¢ Respond to queries – to locate the right tr ansaction immediatelyWe have been perfecting this ‘simple' recording – accounting – from over twenty years. All this to deliver better, faster and more flexible ways to fulfill your needs, not just maintain books of accounts. A few examples will illustrate: †¢ With the entry of a voucher (this is what we call all accounting transactions) all books of accounts, all reports, all totals & sub-totals are updated instantly.There is nothing more that needs to be done – whether you are inserting a forgotten entry, or correcting one †¢ Taxation requirements of all the states of India are available, in the prescribed formats †¢ Supporting tasks like reminder letters, delayed interest, ageing, bank reconciliation †¢ One single dashboard to look at all important business ratios †¢ Drill down from any report, even the Balance Sheet, right to any voucher or filter and search †¢ Data entry in the language of the users choice – and re port in any other language (from the languages supported) †¢ Mark vouchers that are draft as ‘optional' and convert these to final- with one button click Financial Management & Controls Tally. ERP 9 comes with rich features & financial reports that give you the necessary management and control of your business. A few of these are listed below: †¢ Funds Flow & Cash Flow reports – help you ocate bottlenecks †¢ Bank reconciliation – keeps your bank books in sync, and identify unclear instruments †¢ Customer Credit Limits – to limit risk of default and large losses †¢ Budgets – keep tabs on projected expenses against actuals †¢ Mark vouchers postdated – these will reflect into the books of accounts only on/after that date †¢ For needs where reports have to consider a transaction that has not happened (say salaries for this month that get paid the next month) vouchers (called ‘reversing journals') can be ma rked to ‘disappear' for reports post a specific date †¢ â€Å"Scenario† management – helps you with your business forecasting and planning. You can use optional, reversing journals and memorandum vouchers, to aid in recording provisional entries that are useful for interim reports †¢ Multiple inventory valuation. You can decide one valuation method for the business, and be able generate financial reports using any other valuation method – as the statutory method may not be appropriate for your needs, your bankers and for other decisions †¢ Cash balances can go negative – you can get warned if this is about to happen, or see reports and make the necessary corrections Several business exceptions are available (negative stocks, negative ledgers) – for you to exercise control over these activities †¢ A one-screen business ratios with drill down right up to the transactions – help you to correct course frequently †¢ Item wise & document wise profitability statements to control revenue leakage and inappropriate pricing †¢ Internal audits are supported with audit controls – authorized users can mark vouchers as ‘audited' and can get to see reports on changes made post audit, and the name of the person making the change Inventory Accounting & Management If you deal in goods, of any type, you'll appreciate the Inventory capabilities in Tally. ERP 9.You can comprehensively record all types of inventory transactions, using goods receipt notes, delivery notes, stock journals, manufacturing journals and physical stock journals. All stock movements are fully recorded and maintained in stock registers. Developed for all manufacturers, distributors, wholesalers or traders a small list of features are briefly described below: Manufacturers: †¢ Bill of materials and Manufacturing Journals, to record material conversions †¢ Compound bill of materials support, for units that conta in assemblies †¢ Multiple locations (go downs) †¢ Excise for manufacturers, including all documentation and invoice †¢ Costing for jobsDistributors ; Wholesalers: †¢ Multiple price lists, with effective dates of applicability †¢ Use multiple units of measure (say KG's & grams) †¢ Dual units of measure (say KG's and bags, to support variations as happens in commodities) Traders: †¢ High speed billing, with support for POS printers †¢ Bar code support †¢ Automatic application of taxes †¢ Service billing ; service tax †¢ Integrated sales return in bills †¢ Print bills (and any other document) in the customers language Common: †¢ You can choose to de-link the computed inventory value to automatically appear in your financial statements – and enter this figure manually. †¢ Stock ageing reports, to identify slow and non-moving stocks †¢ Invoice profitability reports to keep a pulse on sales †¢ Multi-cur rency transactions – buy and sell across the world – with integrated forex gain/loss calculations †¢ Physical stock take records to adjust physical vs. actual stocks †¢ Maintain batch ; expiry details Purchases ; Payable's: from Order to Payment Tally. Read also Recording General Fund Operating Budget and Operating TransactionsERP 9 delivers the entire purchase cycle whether the need is the complete purchase order goods receipt – rejections & returns – advances, debits & payments or a single payment entry, fulfilling all needs. To ensure that you have the right stocks and minimize carrying costs, Tally. ERP 9 delivers the following to improve purchase orders: †¢ Define Re-order levels as a definite number or based on consumption †¢ Define minimum quantity to order as a definite number or based on consumption †¢ Pull up a report that shows the stock position, including complete details of open purchase orders, sales orders that need to be fulfilled – check on past purchase history, and then place orders †¢ Optionally stagger delivery dates in the POWhen receiving goods: †¢ Make entries in accordance with supporting documentation, including errors your suppliers could have made (say of mu ltiplication & round off) †¢ Incorporate additional costs †¢ Automatically manage input taxes †¢ Flexibility allows receipt of goods, quantities and rates different from that ordered – since this is common in real life †¢ Record samples & free items (using different ‘actual' & ‘billed' quantities) †¢ Multiple receipts for one order or one receipt for multiple orders, or against verbal orders In case there is a need to add other costs (say coolie and cartage) these additional charges can be apportioned to the cost of goods purchased. Supplied goods may not match your needs and these are managed by the ‘Rejections Out' inventory voucher. Supplier dues, input taxes and inventory positions are updated.Suppliers often indicate likely profits, which may not be met. In case such assurances are made, you can look at Item profitability reports, and get the facts right. You could then negotiate a rebate and record this as a debit note. Keep ta bs of how much is due to whom, when. Manage advances, payable s & postdated checks. Ensure there are no errors in payments – print checks from Tally. ERP 9. Sales & Receivables: from Order to Receipt The lifeline of a business, efficiencies in sales operations, both of goods & services, directly impact growth and profitability. The need to optimize and keep a close watch here requires exceptional capabilities from your business IT system – and Tally.ERP 9 meets these demands. The sales process is supported with the following documents: †¢ Quotations – records of quotes †¢ Sales orders – accepted customer orders †¢ Deliver Notes – documents that accompany goods †¢ Sales Invoices/Cash Bill – to record the sale †¢ Credit Notes – for financial adjustments †¢ Rejections in – for goods returns †¢ Receipts – for advances and receipts Do you have cash sales (sales across the counter)? With supp ort for Point of Sale printers, bar codes and receipts in multiple tenders, you POS enable your business at no additional cost. Product sales may come with added services – and the integrated product & service billing will close this.Enforce credit limits, where needed. Along with the Payment Performance of Debtors report you can identify persistent problems and take necessary business decisions. Interest for delays & reminder letters aid in collection. For businesses engaged in Excisable goods, you get full support for Excise for Traders & Manufacturing Excise – matter of fact a business could be both! Make multiple deliveries from one order, or one from multiple orders – this common need is available across all documents of the sales process. Do you have multiple classes of customers? You can easily setup multiple prices (even in advance and specify the date from which they are effective).Discounts against the line, or for the document, additional charges as a percentage or lump sum, automatic round off of bill totals, automatic computation of VAT & Service tax, returns & exchanges are all available. Need to verify that you are making the desired sales margins? Item wise and bill wise profitability reports will help you keep tabs. Multi-company A set of account books represents a ‘company' in Tally. ERP 9. Therefore, if you decide to maintain your personal accounts you would create a ‘company'. Many businesses do have more than one legal entity – and so will require multi-company support. Since each company is a distinct ‘data base', building technical support for this is not difficult.However, with multiple companies, several needs often arise beyond the mere facility to record transactions that need to be addressed,. Principally, you would like to look at consolidated reports since these are often more meaningful to you than statutory reports of each company individually. You can therefore ‘group' compani es and have the reporting ability as if this were a ‘company'. You could also ‘group' these on demand or as required. So Partner A, could group companies in which he is a partner (say Companies P, Q ; R) and Partner B could have a group with Companies Q, R ; Y. With multiple companies, you would probably need to compare them to see relative figures. In Tally.ERP 9, while seeing a report for Company P, you could pull up another column alongside that shows figures from Company Q (and any more companies). You can now continue to drill down the report and continue to see these comparisons. Quiet often with multiple companies, the need arises to create the same ledgers ; post transactions to more than one company. This can be accomplished with the click of a few keys – you save immense time by not having to re-enter data and avoid data entry errors. In special circumstances, where there are needs like a Purchase Order entry becoming a Sales Order in another company, ou r Service Partners will be able to work with you, understand specific requirements and build a solution around the Data Synchronization capability.Security: With multiple companies, possibly including personal accounts, you may need to control who gets access to which companies, and to do what. You can set up users, grant or deny access and these are defined for each company. Remote Access: You choose to specify which company is accessible remotely. You choose which remote users have access; you decide what access a remote user gets. Central User Management: Users come and go. You might also have a password policy requiring users to change passwords every few weeks. You can take advantage of the ease of central user and password management that Tally. NET identities carry – and even remotely manage these while not in office. Multi-Period A ‘financial year' is truly suited to business reporting and statutory needs.In reality, business spans across financial years, so â⠂¬Ëœreal needs' get constrained by these financial periods. As an example, receivables (Sundry Debtors) is an area that is frequently plagued by ‘confusion' the need to send reminders, resend statements of accounts and persistent follow up – may require that you need to look at figures from date ‘x' to date ‘y' – and one or more financial periods can be between these two dates. With Tally. ERP 9, you can specify any date range and perform any operation that you need to. Comparison of Periods, say Q2 this year vs. Q2 last year, often required for shareholder and statutory reporting are easily accomplished. You may also need to break up periods into smaller chunks, instead of the ‘year'.While looking at the reports, you can instantly view them broken into periods of your choice (daily, monthly, quarterly etc). For studying trends, locating unusual figures, or comparing activities for different periods, this is invaluable. Take the case of budgets. Say for a five year long project – and for various ledgers you need to have a budget set up for five years, another for each year, another two that are 2 ? years†¦ you can setup such budgets, and compare budget vs. actual for any! In effect you can ‘zoom out' as well as ‘zoom in' to any period of your choice. Any changes made or a transaction inserted anytime, are instantly carried forward – no matter how far back these are made (from a security standpoint, you might need to restrict data entry or hanges to transactions prior to a specific date – this is available via the User security control features). Multi-Cost/Profit Centers As a business transacting in multiple currencies, you will appreciate the effortless usability of Tally. ERP in this area. Say, you make purchases from a supplier, and transact in a currency different (say $) from that of your base currency (say INR). You'd like to keep track of the dollars due, as well as the $ amount s due for each bill. This way you get to know your foreign currency requirements as well as cross check the accounts in $. At the same time you would want to see outstanding and other financial reports in INR.Since this figure depends on the exchange rate as on the date of the report, generating these are time consuming. With Tally. ERP 9 all reports are generated automatically – all that is needed is that the forex rates be available for reference. Foreign exchange gain & loss entries are ‘posted' automatically (as a notional entry), whenever any report is taken. The day you decide to make these entries regular (say end of the financial year) you can post the required accounting Journal (with software assistance). Importers and exporters maintain bank, customer & other accounts in foreign currencies (like the example of the supplier) – you can maintain these in any currency required.As a branch or subsidiary of a foreign entity, or for reporting, you may need to generate reports in a currency other than the base, at some exchange rate. This capability is available across all reports. You may need to compare companies having different base currencies – switch one company to use the currency of the other, or switch them both to a third! Basically, every amount field in a Tally. ERP 9 voucher is multi-currency enabled. This allows you to conduct business in ways that manual systems permit and most IT systems fail to provide. It is possible for a supplier to, say, send a quote for items in INR, some in US$ and some in â‚ ¬. Multi-units Most businesses will use several units of measure, even if the belief that just one (pieces) is used.Take purchases – you could order in the units you are comfortable with, and you receive goods in a different unit – for e. g. , order in Pcs, receive in KG's. Similarly you could record sales in the units that your customer is comfortable with. The flexibility of this ‘compound' unit of measures is to ensure that Tally. ERP 9 does not get in the way of your way of working. Like in the case of multi-currency, every quantity field is inherently multi-unit ready. Some commodities, say cotton, have ‘peculiar' problems – the unit of stock used for this commodity is ‘bales', yet trade is in Kg's. With changes in weather, cotton looses or gains weight due to changes in moisture content.If you used Kg's for your records, you would loose the ability to manage stock count and stock take of bales; if you used bales, you would have a mismatch in the actual quantity transacted. This problem is compounded in real life – since each bale carries a different weight of cotton. With Tally. ERP 9 you can manage all these, with the support for multiple units of measure. Now, you can record both units in transactions – Kg's and bales at the same time. Stock valuation will be done in Kg's; inventory count can be managed in bales! You receive some supp lies – the Invoice shows 5 Pcs. and the actual count shows 6 Pcs.! Were you to enter your receipt as 6 Pcs. there will be a mismatch with the voucher and physical document which will result in an audit objection. Entering as 5 Pcs. would mean that one piece is not recorded†¦ Tally. ERP 9 supports ‘actual' and ‘billed' quantities – thus delinking the inventory count from the financial impact of the transaction. With this you can also receive and deliver free samples and manage the many variations that occur now and then. Therefore compound units, alternate units and billed/actual quantities should deliver the capabilities needed for most, if not all, of your requirements. Multi-Location Inventory Even the simplest of organizations will have inventory in more than one physical location.As organizations get bigger, inventory will require active ‘management' with more warehouses (go downs, as we call it in India), racks ; shelves and stocks at projec t locations. Take the case of multiple sales outlets, each with one go down. Each purchases items at different prices and sells them over time. You need to take a call on the value of stocks at each of these outlets as if they were independent units – and not apply the company average. With Tally. ERP 9, each outlet will act as an independent unit from a costing perspective. Sales from each outlet will reflect the appropriate cost, and not the company average (which can skew profitability of both outlets).Seen at the company level, the cost behavior ignores these go downs – making reports and financial analysis appropriate at that level. Go downs can contain go downs – to allow management to the bin level. For various jobs (projects) and sub-jobs, the use of go downs and cost centers in Tally. ERP 9 give a high level of reporting and analysis – on inventory and financial aspects of jobs. Multi-Budgets ; Scenarios Budgets are a measure of the results expec ted for the planned activities for a company. Whether you formally plan budgets or not, you will be working against several budgets – Revenue, Production, Expense, Financial, Investment and so on. Once these budgets are recorded, you would periodically want to check up how your business measures up against this plan.And once you get a handle on the variance, you would probably take decisions on course corrections – record possible outcomes of these changes (as scenarios) and compare against the budgets once again. This is a powerful planning mechanism that provides the flexibility to work in a changing /dynamic environment. With Tally. ERP 9, you can set up any number of budgets – and to make this easy, budgets can roll up into ‘group' budgets and these can roll up again into ‘master' budgets: the people who come up with the budgets can make entries and the roll-up is automatic (and can be overridden at the rolled up level as well). While viewing any report, you can choose to pull up the budgeted figures as well, along with a variance column. You could just as easily pull up budget figures alone – and make these available to various people.A ‘scenario' is the name given to a specific combination of vouchers that will be included to deliver a report – you can include and exclude different voucher types and build as many scenarios as needed – say one where a product launch is on time and another where it is delayed by three months. You could then view actual figures against a scenario. You could also see the variance between a scenario and the budget! Budgets and Scenarios are powerful tools when used by themselves; used together they deliver unprecedented power to help plan ; monitor your business. TALLY REPORTING ? ? ? ? ? ? ? ? ? ? ? ? ? ? ? ? ? ? ? ? ? ? ? ? ? ? ? ? ? ? ? ? ? ? ? ? ? ? ? ?Modifying Reports (Options) Balance Sheet Profit ; Loss Account Stock Summary Trial Balance Day Book Cash Book P etty Cash Book Bank Book Journal Register Ledger Purchase Register Sales Register Ledger-wise Outstanding Reports Interest Receivable Interest Payable Cost Category Summary Statistics Stock Transfers Stock Valuation Methods BOM – Cost Estimate Daily Balance of Cash/Bank Book Stock Query Negative Stock Item Movement Analysis Stock Ageing Analysis Multi-Column Cash Book Purchase Register-Extract Sales Register-Extract Cash Flow Summary Funds Flow Summary Budgets Overdue Receivable Overdue Payable Age-wise Receivable Negative Ledger Debit Note Register Credit Note Register Reminder Letter Confirmation Letter ? Comparative Profit and Loss Account ? Vertical Balance Sheet with Working Capital ? Comparative Quarterly Balance Sheet ? Income ; Expenditure Statement

Investment in the Food Processing Industry Essay Example

Investment in the Food Processing Industry Essay Example Investment in the Food Processing Industry Essay Investment in the Food Processing Industry Essay Investment in the Food Processing Industry Few industries are as broad as the food processing industry, but Bangladesh does well on all fronts: confectionery as well as organic, frozen, and chilled foods. Our market – one of Asia’s largest – brings almost every international food player here. This strength is only expected to improve as consumption trends and the good reputation of our products promise higher future sales. For investors, too, the time is ripe. A fragmented, pre-consolidation industry allows investors access to the market, its distribution channels, and its technological capabilities. Bangladesh has a well-established food processing sector, which relies on domestic agricultural production and is oriented mainly to domestic needs. It includes sugar refining and milling, production of edible oils, processing and preserving of fruits and fruit juices as well as fish processing, especially shrimp and prawns. As a tropical country Bangladesh has a plentiful domestic supply of exotic fruits and sea species. We have decided to take Processed Fruit Products as our industry item. Targeting the upper and upper middle class consumers of the major cities as more and more people live in the cities far away from where food is grown and produced food. In many families the adults are working away from home and therefore there is little time for purchasing fresh fruits and make any item out of that. The Fruit Processing Business model: The Theme: We have selected processed food industry for our analysis. We are focusing on the processed fruit segment. Our idea is to establish Fruit Processing Centers at different places of the city. The place would be something like a refreshing corner for the customers just after a tiring journey, or place where they can think of visiting at a break from the days work. The centers will sell different seasonal fresh fruit juice along with young coconut water, milkshake, etc. they can also have different dried fruits and fruit salads. Customers can have it sitting at the juice corner; again they can take away to home for having the item later. Logic of the business: Nowadays customers are moving toward healthy products. They are more and more conscious towards avoiding cholesterol and thus try to avoid junk foods as much as they can. But usually it is tough to find a food corner where health conscious items are instantly available. Lots of people love different sorts of seasonal juicy fruits, but they are quite bored with have it at home in a regular way. Some are again okay with having fruits at home but definitely they would love to have it after a tiring task outside home, near their workplace. For example, students after a long lecture session or exam would love to have a glass of fresh juice if it’s presented in clean and delicious way. People at office would love to have a juicy break after a meeting or at any office break. What these customer groups are having now around them? Just regular fruits sold at regular manner. They may not feel to buy and then peel it off to have it. They may be even conscious about cleanliness. They are absolutely not a position to prepare fresh juice by themselves even if they want. They can have at best clinically processed and preserved juices at stores. But there is no readily available corner where consumers can have processed delicious fresh fruit items, which can serve as both refreshment and nutritious recipes for them. So FRUITY FRESH would be there to supply something real fresh and delicious. Brand name ‘FRUITY FRESH’: The target is to establish brand name FRUITY FRESH. To fulfill this objective all outlets would have to decorate similarly. A logo needs to work out, which will be seen everywhere at signage, advertisement, inside the outlet, even at tissue papers that would be served to customers. Special crockery with the logo would have to order that would be used for customers. The workers and sellers of outlets would have to have specific dresses (with logo symbolized) to serve the customers. The idea is to spread the feel of FRUITY FRESH towards consumers mind. The target is to establish the outlets to that extent where customers would feel same at any outlet of FRUITY FRESH. The name would serve as identity of the business in the market. Customers will be thrilled to visit the place to get refreshed; on weekdays, being tired to feel rejuvenated and on weekends to hang out with family and friends. Demographics of the target customers: The target customers are the upper, upper middle class and middle class customers, who seek quality over price. In case of education, occupation and income, they tend to be closely correlated in almost a cause-and-effect relationship. So, our target customers are desired to have good educational backgrounds that may be working or may not be working. Students of private universities, shoppers, office employees are special segment. Business Units: To enter into the industry we need to chalk out a plan first on how to do the business. Business units will be like following: -Central Administrative office -Selling outlets at different places of Dhaka city. Central Administrative Office: The central administrative office would be responsible for all sorts of planning and executing plans through the selling outlets. This centre would take care of: -Value chain management activities, including – oPurchasing of machinery oPurchasing of raw materials oProcessing of canned juice, coconut milk, fruit candy bar, etc. oTimely distributing of raw materials to the outlets, etc. -Financial management and accounting activities including oForecasting oBudgeting, oRecording and reporting oCash management -Marketing activities like Surveys and market research oBranding advertising etc Additionally it will be also responsible for all sorts of administrative and human resource management works – from premise maintenance to recruiting of correctly qualified human resource to different places. Selling Outlets Primarily there would be five outlets through out the Dhaka city. The places can be as follows: -Banani (Kemal Attatuk Avenue) -Gulsh an 1 -Uttara -Dhanmondi (Riffles Square) -Bashundhara City Shop opens at 10:00 am, ends at 8:00 pm, or whatever highest government allows. The outlets would serve customers from different sectors for their different needs. In these outlets customers can both have them instantly and again can take it away for have it later. Sitting arrangements of 20 people at a time would be there. The outlets would have some shelf items too. These are mainly canned juice, canned coconut milk, canned fruits, dried fruits like nuts, dates, etc. Customers would get fruits in these outlets depends on season as well as availability. Premise Decoration Selling outlets would be painted in soothing colors. Cleanliness of premise would be at utmost preference. The goal is to â€Å"Customers will have to feel cool light just after entering by looking at a clean nicely decorated place†. Sufficient lights will have to be there. Glass built areas will have to clean hourly. Instant cleaning people will have to there for this sort of service. Though it will increase little cost, but it will attract customers to visit the place again and again. If after a tiring journey or being overloaded at office they can breathe well while having a glass of juice, they will try to go there frequently. They will happily refer to friends family regarding the place. Products Instant consumable items: oLemon / lime juice oYoung coconut water oSeasonal fresh fruit juice oMilkshake oCoffee oTea oMineral water oDried fruits oMango Candy oFruit Salad Take away items oCanned fruit juice (seasonally) oCanned coconut milk oCanned Milk shake oMineral water oDried fruits oFruit Candy As the outlets are serving mainly as juice corner, other items would be limited in some aspects. There would be fruit salad, where customers can have a desired mix of fruits. Again there would some set mix of fruits which can be chosen. Fruit category will depend on season and availability. One special item of these outlets is coconut. Young coconut water is very popular to people of all age group. It instantly refreshes all from their tiredness. So FRUITY FRESH would be there to serve coconut water. A cleanly processed coconut, with a colorful straw in it – would give them a feel of freshness just after looking at it. Again in our culture coconut milk adds a new taste in recipe. So readily processed coconut milk served in can, would relief its desired customer group. It will save their time and effort at home. Besides regular items on fruit, tea, coffee, mineral water, soft drinks etc would be available. Dried fruits of several kinds would be there in pack form. Different fruits would be served as candy bar. In our culture, mango bar is very popular to people of different age category. Presentation of products: The presentation of juice and other items would be exclusive. Branded glass and crockery will be used. The fruits itself would be used to decorate the item. For example, there would be a slice of lime with lemon juice. The juice content would be clear, simply looking fresh and chill. The presentation itself would make the brand a exclusive one. Expertise from chefs will add a new look in items. Uniqueness of presentation will add an extra point to bring customers towards FRUITY FRESH. Raw materials requirements As the business implies, fruits are the main raw materials. The FRUITY FRESH will be real choosy to select fruits from its vendors. The fruits have to be fresh enough to serve after few hours. Other than fruits some items would be required regularly. These can be sugar, vinegar for salad, milk for tea, coffee, shakes, etc. Necessary items would have to purchase from vendors offering competitive prices. Other requirements: All outlets will have to have juicer machine, blender machine, coffee makers, etc. machinery items sufficiently. Crockery items, cleaning items, tissue papers, paper cups (as required) are needed. All sorts of items need to be purchased from local markets having good quality and in competitive prices. Michael Porter’s 5 Forces Analysis: Bargaining power of Suppliers: Suppliers of raw materials, components, and services (such as expertise) to the firm can be a source of power over the firm. Suppliers may refuse to work with the firm, or e. g. charge excessively high prices for unique resources. But in case of the fruit processing industry we found the following points. -The basic raw material of Fruit Processing industry is Fruit. As the production and export of Fruits is not controlled or syndicated in Bangladesh, we feel there will be minimal possibility of hard bargain on the part of the suppliers. -Again as we are not going to focus on one specific fruit rather will try to inherit a seasonal flavor in the production, the possibility of facing a supply crisis is minimized. Fruit processing machineries of good quality are easily available at a competitive price from different international suppliers. -A good number of vendors are available to supply crockery and stationeries with the logo. Bargaining power of Customers: The ability of customers to put the firm under pressure and it also affects the customers sensitivity to price changes. -In terms of Buyer vs. Seller concentration this industry will be on the winning side as there are very few Fruit processing units in the country producing demandable quality products. And the demand for processed fruit is growing amongst the target consumers. As the target consumer group will not be willing to compromise quality and hygiene for price, there will be less threat to overcome the cost of product. -Most of the product will be of the shelf products. The threat of substitute products The existence of close substitute products increases the propensity of customers to switch to alternatives in response to price increases (high elasticity of demand). But, -There is no substitute product for fresh fruits, other than the substitution amongst the different verities of fruits. But as the seasonal fruits of are unique in taste there is little chance of one being substituted by the other. The other threat is from the differential process mechanism of the fruit and the way it is being presented. -Substitute pro ducts threatening the proposed project: cold drinks (e. g. Fanta, Mirinda), instant drinks (e. g. Tang, Foster Clerk) etc. The threat of the entry of new competitors Profitable markets that yield high returns will draw firms. The result is many new entrants, which will effectively decrease profitability. Unless the entry of new firms can be blocked by incumbents, the profit rate will fall towards a competitive level (perfect competition). And this industry is no different. -Fruit processing industry has very few players in Bangladesh and it is a growing industry there will be little or no restriction for new competitors to enter into the business. -The supply channel is wide enough to accommodate new entrants -The consumer size is more than the seller size so the entrants may well be playing a supporting role rather than a threatening role. The intensity of competitive rivalry For most industries, this is the major determinant of the competitiveness of the industry. Sometimes rivals compete aggressively and sometimes rivals compete in non-price dimensions such as innovation, marketing, etc. In this case the main competition will be on, -Quality of products -Freshness of raw material i. e. Fruits -Price of products -Variety of products -Presentation of the products -Location and reach The existing competitors are, oThe local packed juice producing companies (e. g. Pran, Sheezan) oThe international packed juice producing companies (e. g. Frooti, Tropicana) oExisting outlets providing of-the-counter fresh fruit juice. oLocal packed processed fruit products like Pran Mango Bar. Conclusion: From the Porter’s Five Forces Analysis presented above, it is seen that this business has a high potential for profitability and growth. Bargaining power of supplier and threat of substitute product is not a matter of concern. Entry of new competitors is the main threat to be considered as it will increase the intensity of the competitive rivalry as well as bargaining power of the customers day by day. However, exploiting the opportunity as the first mover, building a strong brand and increasing the number of outlets in prime locations will ensure a sustainable growth of the business.