Book Synopsis Essay Example | Topics and Well Written Essays - 1250 words

Book Synopsis - Essay Example These mens lives have lessons for us today but also in a way parallel the lives of some of the most significant business leaders of the 20th and 21st centuries. Business leaders and generals and political leaders all lead high stress lives. Many people depend on them for everything and their decisions have enormous impact. It is therefore very useful to understand what works and what doesnt. One of the best things about this book is how it covers so much ground so quickly. It provides an excellent overview of a number of historical periods and places. This part was a very exciting read. I knew little about Xenophon for example and his style of leadership. That was a model which is not often written about. This general style is very important: so many historical figures were also students of history. What happened in the past is the best predictor of what will happen in the future. A limitation that seemed apparent was that while there are similarities between business and war they are not the exactly the same. Sam Walton is not Alexander the Great. If things go bad for Sam, he loses money. If things go bad for Alexander, he and his soldiers are killed and his country destroyed. There is an important difference. When Hank Greenberg was voted out of AIG by the board of directors because of some of the mistakes he made with management, his penalty wasnt exactly the same as Julius Caesars. Life and death are rarely at stake in the business world (although sometimes they are). Another limitation is that there is no real discussion of women. If organizations are better able to understand when women leaders are most effective, they may then be able to increase the number of women in the leadership ranks which would result in better organizational performance. Increasing the numbers of women in the workforce is important to organizations around the world. In particular, workforce diversity continues to be a focus of most large corporations. Having a chapter or

Critically analyse financial statemebt Essay Example | Topics and Well Written Essays - 250 words

Critically analyse financial statemebt - Essay Example c. Cash Flow - cash flows provides the business’ operating, investing, and financing cash flows over a specified period. It reconciles the changes on the cash on hand at end of a period with the beginning balance by including the income derive from non-cash revenue and expenses â€Å"by adjusting net income for non-cash revenues and expenses† (Tempte, 2005). d. Statement of Changes in Owners’ Equity – the change in owner’s equity happens when a business profits, its asset value changes and when its owners adds more capital or made withdrawals against the business (McGrann, 1998). Sole trader or single proprietorship is a business owned solely by an entrepreneur where owner assumes all responsibilities pertaining to the business and do not distinguish between the owner and the business. In effect, he or she also carries the whole burden of the business’s liability. In the event that loss occurs, the liability will affect and extend to the owner’s finances. With regard to its income statement, a sole trader has to pay tax on the business net profit and in the event that the net profit is over a certain threshold, the owner has to pay the Value Added Tax (VAT) of 17.5%. This VAT rate however has been decreased to 15% in consideration of the recent financial crisis. With regard to reporting for taxation purposes, a complete income statement and balance sheet should be submitted to HMRC. The owner is responsible for keeping all the expenses for a certain tax year. The financial statement of a sole trader is straightforward where accounts are simpler compared to limited companies where entries vary due to the complexity of the business. It involves deduction of expenses from sales to arrive at the taxable net profit or loss (which of course not taxable anymore because it is a loss). Limited companies are also called as Joint stock companies or partnership where owners or