here’s the prompt provided from my professor .. 

Final project written assignments are due in class April 30, 2014

 

You may write about a professional performance you have seen, you may want to discuss scenes from a film based upon a play that is relevant to the course material, do scholarly research, or a dramaturgical analysis.   The goal of this writing assignment is to demonstrate your knowledge of broad unifying themes among different cultures, and to examine the relationships that gender, ethnicity and class bring to any society and/or any culture. You may have an idea based upon a newspaper article.  For example, the controversy about the Washington Redskins team name is back in the news; the proposed Keystone XL pipeline from Canada would go across sacred Sioux Indian lands; any current theatre production, or historic theatrical production of note, etc.

Ideas will be submitted in writing to instructor for approval. No group writing assignments.

Papers should reflect thorough understanding, so conduct extensive research. The Establish the credentials of your sources, and ensure that you have enough information to write your paper. Avoid using passive voice.Limit personal opinion when drawing conclusions. Present evidence such as scientific facts, statistics, expert opinion and documented testimony. Present your reasons based on analogy, generalization, causes or leading authorities to support your claims.

§  3 page paper, double spaced, essay form, with cover page, stapled.

• Last name and class hour to appear in the upper right hand corner of each page.

Bibliography: On an additional page, reference any resources that you used in your research

 

 

 

 

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so that was the prompt, and the topic i was thinking about is the interaction between people from different cultures, what are the impressions, the stereoytpes, how people react to certain things. I’d like as well to use some reference from my own experience since I’m an international student, also some references from the movie “Crash” since it talks about cultures and how people treat one other,
that’s my main idea, i’ll talk to you more in the chat box about some details that i’d like you to touch on. 

For your Final Project, you will create a capital investment plan proposal utilizing the health care business you selected in Week One as well as the answers to the Basic Information questions.  Refer to the websites for Sample Business Plans.  Create a capital investment plan proposal for your health care company that includes the following sections:

1. Executive Summary: This section is a concise, one- to two-page/slide summary of a business report. It restates the purpose of the report, highlights the major points of the report, and describes any results, conclusions, or recommendations from the report.
2. Service and/or Equipment Description: This section should be at least one page/slide. Describe the service or equipment suggested in the business proposal and the reasons why this is socially and politically beneficial for the community in meeting consumer demands.
3. Establishing the Team: This section should be at least one page/slide and include a chart that illustrates the structure of the capital investment team.  In addition, provide a summary of your team (background, responsibilities, etc.).
4. Key Strategic Goals: This section should be at least one page and include specific funding sources for the capital investment.
5. Financial Analysis: Projected income statement and types of assumptions made to compute the figures.
   • Typical income statement assumption information requirements.  Initial investment
   • What types of revenue will be generated from the capital investment?  Will insurance reimburse?  If so, discuss the impact of the various reimbursements (e.g., Medicare, Medicaid, private, or self-pay).
   • How many services will be offered to produce the revenue (by month)? Look at patient days.
   • How much labor will be required (FTEs)?
   • What will the labor cost?
   • How many (and what types of) supplies and/or devices will be required to offer the service?
   • What will the supplies, drugs, and/or devices cost?
   • How much space will be required?  Are renovation costs involved?
   • What will the required space occupancy cost?
   • What is the life of the equipment (if applicable) and the cost of maintaining the equipment?
     • Cash flows:
     • Payback period
     • Internal rate of return
     • Assume discount rate of 8% and 6% respectively for comparison purposes.

   Submit your proposal using a presentation tool such as PowerPoint. Your Capital Investment Plan Proposal should include a title page/slide and table of contents (section names and page numbers). In addition, include detailed speaker notes that are grammatically correct.  You may also submit a written report to go along with your presentation, but you should still include detailed speaker notes.
   Completing the Final Project

   The Final Project:

   1. Must be 8 to 10 double-spaced pages/slides in length, and formatted according to APA style.
   2. Must include a title page/slide with the following:
      1. Title of project
      2. Student’s name
      3. Course name and number
      4. Instructor’s name
      5. Date submitted
   3. Must begin with a succinct thesis statement.
   4. Must address the topic of the project with critical thought.
   5. Must end with a conclusion that reaffirms your thesis.
   6. Must use at least four scholarly sources that are cited according to APA format.
   7. Must include a separate reference page/slidethat is formatted according to APA style

the result of assimilating several different cultures is

 

Write a 1,250-1,500-word paper analyzing concepts of contemporary financial management within the context of today’s economic conditions and the increased occurrences of corporate restructuring.

 

Research financial management and corporate restructuring. Use a minimum of three articles to support your analysis. When researching, focus on articles which discuss real-world cases that exemplify the essence of each required component below and how they can or may have contributed to a corporate restructuring. 

 

Your analysis should include a discussion of the following:

 

1. The roles and objectives of financial management.
2. The significance of evaluating financial performance, financial planning, and forecasting, and examples of how each can be carried out.
3. Current conditions of fixed income and common stock securities and how these conditions impact financial management.
4. Risk and return and its role in financial management.

 

The main objectives of a firm or and individual should never invest there capital without ensuring that their assets. A company or and individual should invest there capital in a way that their assets will obtain an income of money before the liabilities demand an expense.  Liquidity is important to firms, to ensure they are capable of maintaining an adequate and regular amount of funds.  Capital budgeting is to insure that a firm is utilizing funds properly and to the best judgments while increasing the capacity of an enterprise.  Capital structure management is in place to ensure that proper decision making is being practiced and that funding is allocated properly. Risk management is also important which includes the management of interest rates, financial, market prices, exchange rates, and credit management.  It is important to have financial control of a firm and exercise the control of finances. 

 

            The main roles of a firm are important to achieve the main goal of profitability for stakeholders and the firm. The upper level executives of a firm are given specific roles for different business units in an organization in order to have  involvement of best practice in reporting, financial management and financial governance. For a company to be successful and legal, executives must perform adequate planning and budgeting to point out the liquidity slack and liquidity surplus periods.  Its important for a firm to balance priorities within a budget and is responsible for the financial projections of the firm.  An executive must know and understand how much a product is expected to cost and how much revenue it is expected to earn so that the executive can invest the appropriate amount in the product.  While staying legal and ensuring the companies profitability, there are many risks to take in consideration. While playing out the duties as an executive it is important to manage risk throughout the company’s balance sheet while providing robust advice on improving the performance of assets.

 

 

 

            In conclusion, there is a lot to consider when taking on the responsibilities of a financial manager.  There could be a lot of pressure with so many factors to consider.  The future of the company and the future of stakeholders investments lye in your hands.  It’s important to maintain legal operations ethically and provide transparency to stakeholders.  You would have to capture and maintain interest in a company to keep investors interested.  If the interest is lost in the eye of investors, the company is basically lost.  So the financial managers are really holding a lot of power if not all the power in the company. Therefore the objectives and the roles of financial managers are crucial to future of the firm and should be maintained very carefully in order to be successful. 

 

Common stocks will refer to the ownership interest in the issuer’s corporation, it does not require/result in the issuer to pay on the fixed schedule. Which are issued by the corporations, with a certain count of shares that are approved to be issued by a board of directors. The common shareholders have a right to vote on issues affecting the firm with each being entitled to poses one vote. Also right to receive same dividend amount per share only when they are approved by the board of directors, most firms do not pay the dividends because they are not guaranteed. Suppose a corporation is dissolved or closed and turned into cash the common shareholders will have the last claim on the valuable things of the firm, claims of preferred stockholders, (companies that lend money) and bondholders come first once they are paid/made up for, any sum left behind from the closing (to turn into cash) of corporate valuable things will be spread around to them (Fabozzi, 2001). The individuals who put resources into basic stock ought to be educated of the dangers it has, if the cost of regular shares may change essentially, more than the cost of corporate securities or favored stocks there is no insurance of come back to the holder. However the load of an effective firm climbs extraordinarily about whether and the holders are qualified for perceive these benefits whenever throughout the offer of their stock.

A security is a financial gadget that represents an ownership of an organization or a corporation, it is an exchangeable, open to discussion gadget that represents a form of financial value. The company or corporation that issues it is referred to as the issuer. Commonly securities are separated into equities that show ownership interest that a shareholder has on a corporation and securities which shows borrowed money that are should be paid. In most countries sale of securities are (made two or more things look the same or happen at the same time) or controlled by organizations such as the Securities and Exchange Commission. Public companies have two categories of securities which they issue, the fixed stock security and the common stock security. A paper valuable thing consisting the possibility to be traded in small amounts mainly in the derivative market is referred to as a security, those which pay fixed sum of income are called fixed income securities on the other hand common stock securities are believed to be the simple type of ownership of any corporation (Fabozzi & Choudhry, 2004).

Fixed income securities are any type of securities apart from equity that are able to force the issuer to pay on unchanging program and the sum of payments may be changeable. In general this security refers to an investment medium which includes an admitted/recognized/responded to interest voucher or favored dividend rate of income till the time when the investment will be sold, the admitted/recognized/responded to par value is referred by the issuer, or it is redeemed on the due date and the date of maturity of the securities which have a fixed sum of return of principal and a fixed income payments, that’s the reason for the are usually considered to be less risky than common stocks and the strength of risk differs with the credit superiority of the issuer because they represent a share of the stockholders capital in a corporation or company. Some types of this security include among others notes, certificates of deposit, commercial paper, treasury bills and bonds.

 

 

 

In the changing economical condition and economic expansion contemporary financial management has a very pertinent role. Modern reforms of contemporary financial management are the foundation for sustained economic growth and reducing inequalities. Such successful financial management strengthened budget execution. Through this Government is now engaging in a second wave of improving financial systems to deal weaknesses in governance.

 

The term “Contemporary” means that this approach to new financial management which has a modern objective and outlook for financial system and entail maximum economic growth and strength. It involves new financial decision, tracking the variance between actual and budgeted results and identifying the reasons for this variance etc.

 

At the most fundamental level contemporary financial management is concerned with managing assets, liabilities, revenues, profitability and financial system. It goes a step further in ensuring that the economic condition and financial system remains on track to attain its goals and maximizing the growth.  
 
Contemporary financial management espouses transparency, accountability and greater review and feedback in the finance and budgeting process, with the aim of promoting sound financial management and ensuring accountability also. 

 

The New financial management introduces a system for use of Funds which intended to finance only the targeted services, programs and projects or pre-conditioned policies and, where the recipient does not have discretionary power to spend those funds. The funds must be appropriated efficiently as per the prescribed method. Spending of money must be approved in accordance with the provisions of the contemporary financial management. Contemporary financial management having Committees must be consulted regarding any lending or loans etc. The recipient must have proper up-to-date audited financial statements. Contemporary financial management encourages forward planning by clearly setting out responsible resources and deadlines.

 

Contemporary financial management creates new roles and bodies to create systems and consistency throughout the budgeting processes, to work to prevent opportunities for corrupt practices, to implementing the policy changes, to overseeing the use of funds within financial system, to take care of use of public resources and for financial planning, budget review and assessment. This lead to a more productive use of resources. Provisions of Contemporary financial management may also include penalties and disciplinary sanction. The main aim is clearly to give the new mechanism, new edge and position to the financial system.

 

 

 

Contemporary financial management is directly or indirectly connected with Corporate restructuring. Corporate restructuring comprises contemporary financial management. Firstly, corporate restructuring is the process of reorganizing the ownership and legal operational structures of a company in order to make it more profitable, so that it is better organized than at present. It is corporate management’s term for the act of partially dismantling and reorganizing a company in order to make it more efficient and therefore more profitable. It generally involves making major sacrifices by selling off parts of the company and making severe staff reductions. Corporate restructuring is the process of restructuring, which included mergers, acquisitions, divestitures, plant closings, the relocation of production offshore, downsizing, and extensive reorganization of the workplace. Companies are being urged to change because the world is changing. People are changing; our society is changing; competitors are changing; government is changing; technology is changing. So it must be the duty of Management to change and managers are being challenged to improve the way they manage.

 

 Corporate restructuring becomes necessary when a company must improve its profitability and efficiency. Corporate restructuring is not only inevitable, but necessary and it has become commonplace in companies policy and business circles. There are a number of reasons corporations require restructuring. It may be necessary due to change of ownership, buy-outs, bankruptcy or takeovers. Corporate restructuring is also described as debt restructuring and financial restructuring as it usually involves the restructuring of the company’s assets and liabilities.

 

Restructuring can be accomplished by various methods. Out of which one is the contemporary financial management also. Restructuring can involve dismantling and rebuilding areas within the company, which requires special attention from management. Those involved in the restructuring effort usually hire financial and legal advisers to assist in the negotiations and transaction details.

 

Selling off portions of the company, such as a division that is no longer profitable or which has taken too much of management’s time and not letting them concentrate on their core business, can greatly improve the company’s balance sheet. Staff can be reduced by selling or closing unprofitable parts of the company and by consolidating and outsourcing parts of the company that perform non-profit-producing work, such as payroll, human resources, etc. The job losses and other unfortunate consequences of restructuring are simply the result of impersonal market forces over which businesses and governments have no control but unfortunately the new global economic environment requires larger and more powerful corporations and this result in restructuring.

 

Restructuring lead to Changes in corporate financial management. it include Sale of underutilized assets, including patents and brands Moving operations such as manufacturing to lower-cost locations, outsourcing operations such as payroll and technical support to a more efficient third party and reorganizing functions such as sales, marketing and distribution. Restructuring also include refinancing of corporate debt in order to reduce interest payments and Renegotiating labor contracts in order to reduce overhead.

 

From a social point of view, a corporation is a sociological institution as well as a collection of financial assets and, while employees understand that corporate change is necessary for corporate survival, they will not accept abrupt, radical change imposed from outside that has nothing to do with current business conditions.

 

The global economic environment is determined by the actions of governments as well as corporate business. The growth of ever-larger corporations through merger and acquisition requires a supportive legal and political atmosphere. Politicians are also unlikely to accept a craze for corporate restructuring. This atmosphere has been more than supportive as evidenced by past many years of lax antitrust policy. federal and state governments have given billions of dollars in subsidies, grants, reduced taxes, and subsidized credit to large corporations, directly and indirectly supporting corporate restructuring. To the extent that corporate restructuring has been aided and abetted by government policy, it should call into question the conventional wisdom that corporate restructuring is the result of impersonal market forces and it is right for the Companies that they must disclose restructuring immediately rather than wait for any potential damages.

 

The process of restructuring lies in the establishment of a detailed strategy to transform the existing operations into an ideal operation. The process must be performed carefully to ensure that it will have the least adverse effect on the operation and, most importantly, on the individuals who have worked in the company for many years.

 

Restructuring improve the financial performance or economic wealth by change in the financial restructuring and organization restructuring. Here, financial restructuring may also called Contemporary financial management and this restructuring include significant changes in capital structure of an organization, including leveraged buyout, leveraged re-capitalization and debt for equity swap.

 

At Last, the process of corporate restructuring involves the financial restructuring or changes in financial management as one of the method of restructuring. This changes in the financial management also called contemporary financial management which lead to economic growth and expansion. Effect of Corporate restructuring and contemporary financial management on the performance of economy is very positive and very important. In toto, a company that has been financially restructured effectively will theoretically be leaner, more efficient, better organized, and better focused on its core business with a revised strategic and financial plan.

 

Explain virtue ethics. Now, consider care ethics and existentialism. Which theory does a better job of addressing our ethical responsibilities to other people? How so?