Financial Reporting Assignment Example | Topics and Well Written Essays - 750 words

Financial Reporting - Assignment Example The strengths can also be analyzed by how well it is achieving its objectives or targets. However such comparisons have their drawbacks. Comparing Essex with other fire services is not a good indicator given the different circumstances and environments both fire services are operating. Operators received significant savings as projections. The fighters pension scheme also had significant results since the difference between the actual and estimate is +7,000,000.Generally the net operating expenditure did not suppress the estimates. We could also indicate the fact that the trading activities had their objectives clearly spelt. One of the objectives was to achieve an operating surplus to fund appropriations direct to service budgets to re-invest in new and, replacement equipment for the treading account or to provide an additional source of income to the service where possible. One of the major weaknesses of the budgetary process in Essex fire service is that reviewing programmes after estimates have been indicated in the budget means that the budget might not reflect the actual management plans. It is also at concern that the intended management structure is not consistent with the estimates set out in according to best value accounting code of practice. The estimates have been apportioned to enable the set up. Total operating income of 205 against projections of 965 is a case of considerable concern. ... One of the objectives was to achieve an operating surplus to fund appropriations direct to service budgets to re-invest in new and, replacement equipment for the treading account or to provide an additional source of income to the service where possible. Weaknesses One of the major weaknesses of the budgetary process in Essex fire service is that reviewing programmes after estimates have been indicated in the budget means that the budget might not reflect the actual management plans. It is also at concern that the intended management structure is not consistent with the estimates set out in according to best value accounting code of practice. The estimates have been apportioned to enable the set up. Total operating income of 205 against projections of 965 is a case of considerable concern. Such a discrepancy can affect the objectives of the budget drastically. Such an event is of considerable importance because it is a cash inflow. One of the objectives of engineering services is to get an operating surplus. Such an objective is not consistent with the broad objectives of the public sector services. By ensuring that ICTU courses are in line with Essex counting fire and rescue service policy and practice means that the company is reacting instead of being proactive. Its practices could be better suited than those of the policy. By setting estimates the Essex fire services might be restricting itself only to the projections and may fail to take advantage of existing solutions or the ground of the actual time. In as much as budget is a pointer of intentions for the year, it is bound to strengths and weaknesses. Budgets are just an indicator and room for adjustments should be made. Budgets only provide a framework and should not be relied on

Stem cell research Proposal Example | Topics and Well Written Essays - 1250 words

Stem cell - Research Proposal Example In addition to this, stem cells also help in the internal repairing of the organs by dividing themselves endlessly to cover up for the lost or damaged cells. The new cell which is formed by the stem cell division has the ability to either become another stem cell or a cell with a particular function. Because of its functions, its biological uses are endless. Human heart muscles can be rebuilt, as well as cartilage muscles, bones, neurons and skeletal muscles. Pancreatic cells can be developed for diabetes patients, neurons for people with Alzheimer’s and bone marrow for cancer patients. These are but a few uses to mention. (Gross) Stem cell technology is the best biological step towards repairing of damaged organs as well as creating new ones. The goal of using stem cells is to strap up the chemical signals by which stem cells synchronize the development of organs of a fetus in the womb, and then repeat the process in adulthood to reshape the damaged organs into a better susta inable condition. (KU medical centre) Up till now the research has only been conducted on mice but it is believed that this technology would soon be in practice. Researchers in Washington reported that the stem cells derived from the embryos have the potential to repair organs in two ways: The stem cells either take up the place of the wounded areas or by secreting vital chemicals which help tissues to repair themselves. (Info centre) Craig Basson, director of cardiovascular research at Cornell University's Weill Medical College in New York said "Most of the work on stem cells to date has focused on how to get these cells to turn into a heart cell, a kidney cell, a bone cell or whatever it is you need,". Biological materials like bone marrow, kidneys and even heart could be created out of a stem cell thus with proper utilization and work on this technique, these materials would become abundant. Heart deformities which previously had no cure and proved to be fatal could be cured by t he introduction of stem cells in the affected place as proved by the research and experiments. (KU medical centre) For the first time in the history of biological development, such a gigantic leap has been taken and it is believed, it would result in a positive turn on the life and health of the people. The future is supposed to hold a limitless reserve of the stem cells which would be readily available as per the demand of the user; the prospect of having a new pancreas as well as having your heart repaired with a few injections of stem cells is highly exciting. Abnormalities in blood cells and weak immune system in the people are constantly on the rise and even the youngsters are affected by this; stem cells offer a cure to these abnormalities. Heart diseases are the biggest problem faced by the patients around the world. (Kiessling) Most of the time, these result in death as heart transplants are exceedingly rare and repair of the organ without the stem cell is impossible. This i s the reason what makes heart an expensive biological material, making the treatment of these diseases very costly. In America alone, the total cost of treating cardiovascular diseases and stroke in 2004 is estimated to reach almost $368 billion. Introduction of stem cells would be a great relief for such patients and heart disease would tend to be less lethal. When put into practice,