Wednesday, May 6, 2020
The Current Condition of Native Americans Essay - 812 Words
The Current Condition of Native Americans When you think of Native Americans, do you just think of what happened to them in the past, or do you think of how they live today and how they are viewed by the people around them? You probably do not think of how the Native Americans are viewed today. There are many Indian organizations out there that help the Native Americans improve their lifestyle and how they live. There has been an expansion in the Indian population since they have been put on land and not been threatened. The population has grown and the education has gone way up. More Indians have had schooling and will continue to learn as they get older. With the education increased and more Native Americans going on toâ⬠¦show more contentâ⬠¦If even a quarter of the 5 million people decide to reclaim their Indian heritage, there would be a tremendous growth in the population of Native Americans without an increase in birth rates. Of the 1.9 million Native Americans, 637,000 are living on reservations or Trus t Lands. There are 46,000 living in the New York, Long Island, New Jersey, and Connecticut metropolitan areas. Native Americans are also spread out to other major cities. In Chicago there are 15,000 Indians, in Los Angeles there are 87,000 Indians, and in San Francisco there are 40,000 Native Americans. Those are just the largest groups of natives in major cities. Now, more than half of the Indian population live in six states: Oklahoma, California, Arizona, New Mexico, Alaska, and Washington (Thomas, Internet). Movies and novels that have come out recently, have made Native Americans the favorable people in the stories. This could change the views of the whole population and the views of the younger generations coming up in the world. Education has developed in the Native American societies and there has been a major increase in the college attendance. The increase in college attendances mean that more students are taking the SATs in schools now more than before. ââ¬ËIn 1976, only 2,662 students took the SATs, and then in 1989 18,000 took the tests, and finally 103,000 Native Americans took the SATs inShow MoreRelatedRhymes For Young Ghouls And Chris Eyres Smoke Signals Analysis1596 Words à |à 7 PagesBarnabyââ¬â¢s Rhymes for Young Ghouls and Chris Eyreââ¬â¢s Smoke Signals are films that try to fracture the stereotypical Indian image that has persisted since the beginning of the Hollywood industry. Written and directed by Native American filmmakers, both stories comment on the condition of indigenous people in and outside the United States by confronting topics on poverty, death, drugs, alcoholism, and parent abandonment. 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Workplace Guidelines Improving Ergonomics -Myassignmenthelp.Com
Question: Discuss About The Workplace Guidelines Improving Ergonomics? Answer: Introduction The reports deal with the case study of the Streakers hair and beauty salon. The owner had sold the salon to a new owner. The owner plans to appoint one of the current staff as manager. The owner aims to assure safe workplace. As he is himself not the hairdresser, he is uncertain about the safety associated with the equipments used in the work place. Therefore, he plans a comprehensive plant risk assessment. Plant refers to the appliances, machinery, equipments and tools. In reference to the case study the report identifies the plant hazards at Streakers. Further, risk assessment is conducted in relation to three of the plant hazards, using the WHS CouncilCode of Practice on Risk Management. The report then presents the appropriate control measures to minimise the risk of each identified plant hazards. The control measures would be based on the hierarchy of control. Risk assessment and control risks are necessary to avoid hazards abiding by legal requirements. It will help ensure tha t the workplace is in alignment with WHS regulations (Armstrong et al. 2009). Identification of hazards using relevant guides and documentation The following plant hazards are identified in the chosen organisation- Biological hazards- are known to be agents of biological source such as microorganisms, or their toxins that may affect the human health. Hazards due to biological materials are known as biohazards (Archer 2015). Exposure to infected scalp through washing hair, without gloves, working with wet hair may lead to dermatitis and others disease among staff. Biological hazard may occur by mishandling or inappropriate disposal of sharps like scissors, syringes, razor blades, and others. The risk of cuts and wound is very high and may lead to spread of blood borne infections (Wshc.sg 2018). Physical hazards- are designed as the factors or agents within the environment that may cause harm with or without direct contact (Archer 2015). Electrical hazards- may occur due to use of equipments such as hair dryers, straightners, and others. It may cause serious health and safety risks in wet conditions. There are frequent incidents of Electrical shock that results in burns and injuries. It is mainly attributed to the exposed live parts such as conductors, and electric fire mainly results from heating equipments and overloaded circuits (Wshc.sg 2018). Slip and fall injury- there is an increase risk of slips and falls due to use of spray products and excess hair. It makes the floors slippery and not using the shoes increases the risk of injury. Hairdressers spend a lot of time on feet and make repetitive movements with upper arms and hands. It leads to repetitive stress injuries such as bursitis. Hairdressers are at risk of musculoskeletal disorders of the neck and shoulders (Wshc.sg 2018). Chemical hazards- are the type of hazards at occupational place that occur due to exposure to harmful chemicals that may have detrimental effects on health (Archer 2015). Workers may be exposed to wide range of chemical products used in hairdressing that may lead to various health effects such as dermatitis, asthma, or cancer. The chemicals may include bleaches, dyes, shampoos, oxidative colourants for hair, perm solutions, sterilising liquid, etc. The chemicals may be harmful due to corrosive and reactive nature. Dyes splashing on unprotected hands may lead to skin irritations (Wshc.sg 2018). Assessment of risks and recommendation of controls Risk assessment is the process of the gaining knowledge of potential risks associated with the identified hazards in order to develop the control measures. In this process the likelihood of occurrence of harm is measured. In order to assess the risk for identified hazards the risk level matrix will be used by Archer (2015, p. 124). Risk assessment would be conducted for three of the above mentioned plant hazards. Risk assessment for chemical hazards- likelihood is likely. There is medium risk of non-significant injuries such as irritations for short duration that may not require medical interventions. Minor injuries- can be of high level risk due to customers and staff eye irritations, allergic reactions/infections or temporary period requiring minimal medical interventions. There s low risk of major injuries due to chemical such as permanganate damage caused bleaching agents. The risk of severe consequences is low. Risk assessment for the biological hazards- likelihood is likely. There is high risk of major injury such as contracting HIV through cuts and gazes to staff and clients. There is high risk of blood borne infections without any protective equipment. Risk assessment for the physical hazards- the likelihood is likely. There is medium risk to staff due to minor injuries such as electric shock or burn. There is a moderate risk of severe injury such as fire and fatality due to electric hazard. The risk of nonsignificant injuries due to electric hazard is very low and minor injuries are medium. Control of hazards and risks The hazards can be controlled using hierarchy of control which is the system to minimise the hazard exposure. In the order of decreasing effectiveness, the control measures are- Eliminations- eliminating the source of the hazard by removal of equipments/agents Substitutions- replacement of the source of hazard with another agent that may reduce hazard Engineering controls- In this process people are isolated from hazards using certain barriers Administrative controls- is the change in the pattern of work conducted by the staff. It may include installation of safety equipments, procedural changes, employee training. These controls only limit the exposure to the hazard. Personal protective equipments- include gloves, goggles and safety footwear (Archer et al. 2015). Applying the hierarchy of control the chemical hazards can be controlled in following manner- Eliminating- nickel plated equipment for hair dressing, eliminating products contributing to dermatitis Substitutions-replacement of chemicals with safer alternatives, provision of health information for employees, replace bleaches with non-dusty bleach Engineering controls- local exhaust ventilation, use of safety glasses Administrative controls flammable chemicals stored in cool place Personal protective equipments- provision of gloves, aprons, safety data sheets, covered shoes when handling corrosive agents (Wshc.sg 2018, Mom.gov.sg 2018). Applying the hierarchy of control the physical hazards can be controlled in following manner- Elimination - removal of faulty electrical equipments Administrative control- employee training on the reporting of faulty electrical equipments or exposed wiring, creating employee awareness on the evacuation assembly point, provides fire safety instructions, and handling of fire extinguishers. Display of safety signs wherever needed PPE- use gloves for all the wet works (Wshc.sg 2018, Mom.gov.sg 2018). Applying the hierarchy of control the biological hazards can be controlled in following manner- Substitutions- replace the reusable equipments such as razor, tissues, blades with single use purpose Engineering control- work environment designed that does not contain clean and contaminated instruments. Reinstallation of the fittings, implement hand hygiene practices Administrative control- employee training should be provided by supervisors, on first aid to protect from sharp injury, mandatory training on risk of blood-borne diseases (by enlisting MOM assistance) (Mom.gov.sg 2018). Implement the procedures for cleaning, sterilising and disinfectant of equipments. Effective disposal instructions for disposing sharps and other equipments must be provided. PPE- use of gloves for contacting the bloody substances and contaminated equipments, face masks and eye protection during cleaning (Wshc.sg 2018, Mom.gov.sg 2018). Occupational health legislations shall be implemented for controlling all three hazards (Pereira et al. 2016). Monitor and review The controls will be monitored using the risk assessment form during the audit. The form ensure that the controls were actually implemented and were effective. It will include checking for any additional controls (Archer 2015). The sample review form is given in the Appendix - The review process for three of the hazards using the above framework is as follows- Physical hazard may be caused by the fire due to faulty electrical equipments. The staff may suffer burns and shocks. The existing controls in this category are employee training on reporting of faulty equipments and removal of the same by the person in charge. There is fire extinguisher in place. Therefore, there is medium risk of hazard. The additional controls may be checking of water thermostats every year and other electrical equipment by electrician every five years. It may reduce the risk to low level. The person to implement the additional control would be the owner of salon (Mom.gov.sg 2018, Wshc.sg 2018). Biological hazard may be caused by- wet hand works such as washing hair and use of contaminated sharps. The possible injuries include severe dry skin, infection and increased sensitivity. The staff may be affected during hair cleaning, spa or hair dye. The risk is moderate due to existing controls such as substitutions of sharps with single use, PPE, and administrative controls such as first aid training to staff and safe disposal techniques. The risk is moderate and with additional controls it may be low. It may include checking of compliance guidines by owner as well as regular health check after any injury. Initiative can be taken by owner (Singapore Workplace Safety and Health Council 2015, Mom.gov.sg 2018, Wshc.sg 2018). Chemical hazard may be caused by activity of using hydrogen peroxide/bleach product/oxidative colourants. It might harm the staff. The possible risk injury is the skin irritations or allergic reactions on hands. Existing controls are the use of PPE, engineering controls- use of safety glasses, and administrative controls flammable chemicals stored in cool place. The risk likelihood is medium risk. The additional control may include owner to take control of skin assessment of staff every three months. The risk would then decrease to medium level. The implementation of the control would be the owners responsibility from the date of the commencement of new control (Singapore Workplace Safety and Health Council 2015, Wshc.sg 2018). For serious risks the control measures will be reviewed more frequently to check compliance with OSH legislations (Quinlan et al. 2010). Re-assessment of risk based on ALARP principles Using the WHS CouncilCode of Practice, the safety in design checklist will be used to reassess the physical, chemical and biological hazard. Reassessment for the controls using the risk assessment table is as follow Risk assessment for chemical hazards- likelihood is Unlikely for the staff. There is low risk of non-significant injuries. Minor injuries- have low level risk. There is no risk of major injuries or of severe consequences. Risk assessment for the biological hazards- likelihood is unlikely. There is low risk of major injury such as contracting HIV through cuts and gazes to staff and clients. There is no risk of blood borne infections using protective equipment. Risk assessment for the physical hazards- the likelihood is rare. There is low risk to staff due to minor injuries. There is low injury such as fire and fatality due to electric hazard. The risk of nonsignificant injuries and minor injuries are low. The new risk ratings are acceptable and it confirms to the ALARP principle. It refers to As low as reasonably practicable. Yes it is cost effective to introduce the new controls. After introducing the controls the risk is minimised and in future the chemical and biological hazards would be unlikely to occur. The physical hazards are rarely likely to occur (Archer 2015, p. 127). It is reasonable as in most cases there are very few models that are completely eliminated. In some cases the engineering controls does incur cost and aligns with the ALARA, as low as reasonably achievable principle. Moreover, some of the controls are assumed to already exist in the organisation, which means overall cost is balanced. Risks are eliminated based on the RPN [risk prioritisation number] for acceptability. If the risk level has high RPN only then risk is eliminated. Wherever possible, risks are reduced to at least a Medium level by additional controls (Singapore Workplace Safety and Health Council 2015). Plant purchasing policy for future purchases The policy may state the objective clearly as the plant procurement represents value for money. The objective is to promote health and staff of community. Purchasing requirements must state who is authorised to purchase the plant. The policy will state the requirements pertaining to monetary thresholds, any conflicts of interest so that the purchasing decision must be transparent. The buyer must have information on categories of diverse suppliersthat the organisation recognises and circumstances of waiver for bidding (Monczka et al. 2015). The proposed plant purchasing policy may enlist requirements that can be agreed upon by the seller and buyer before purchasing. The requirement may include safety information and its alignment with the national standards, hazards identified, risk assessment, the existing control measures in place and documentation of modifications to the workplace (if any). To ensure safety the requirements that will be included in the policy before purchasing plant are details on the employee training and review of information pertaining to compliance with ALARP principle (Archer et al. 2015). The policy will highlight the confidentiality of the information to be maintained, after the procurement organization has established a contract with a supplier. The confidentiality may be related to the supplier terms, and internal supplier preferences. The policy will also contain checks so that the buyer may be ensured of safety information necessary to handle the plant, stable condition of the plant, safe maintenance and safety procedure and safe implementation of the risk controls for identified hazards. It will help the buyer to know the existing controls in place and need of any additional control or administrative control such as employee training. Lastly, the plant will include details on retention of procurement records and duration to retain (Archer et al. 2015). Refer to Appendix for checks on purchasing policy. Conclusion The assignment presented the identification of hazards, assessment of risks for the Streakers hair and beauty salon. Appropriate controls are recommended and then re-assessd based on the ALARP principles. For future appropriate plant purchasing policy is highlighted. It can be concluded that risk should be controlled by eliminating as much reasonably possible. Irrespective of several guidelines mentioned in the textbooks, OHS regulations must be implemented regardless. Duty holders are obliged to control risks to ensure health and safety. References Archer, R, Borthwick, K, Travers, M Ruschena, L 2015, WHS a management guide, 4th edn, Cengage Learning, South Melbourne. Armstrong, J., Crosland, A., Green, M. and Nordmann, L., 2009.Salon Services: The Official Guide to the City and Guilds Certificate in Salon Services. Cengage Learning EMEA. Mom.gov.sg 2018.WORKPLACE SAFETYHEALTH PROFILE 2014. [online] Mom.gov.sg. Available at: https://www.mom.gov.sg/~/media/mom/documents/safety-health/reports-stats/wsh-profile/wsh-profile-2014.pdf [Accessed 10 Mar. 2018]. Monczka, R.M., Handfield, R.B., Giunipero, L.C. and Patterson, J.L., 2015.Purchasing and supply chain management. Cengage Learning. Pereira, M.J., Straker, L.M., Comans, T.A. and Johnston, V., 2016. Inter-rater reliability of an observation-based ergonomics assessment checklist for office workers.Ergonomics,59(12), pp.1606-1612. Quinlan, M, Bohle, P Lamm, F 2010, Managing occupational health and safety: A multidisciplinary approach, Palgrave Macmillan, South Yarra. Singapore Workplace Safety and Healthcare Council 2015, Code of practice on workplace safety and health (WSH) risk management, 2nd Revision, Published by the Workplace Safety and Health Council in collaboration with the Ministry of Manpower. Wshc.sg 2018.Improving Ergonomics in the Workplace. [online] Wshc.sg. Available at: https://www.wshc.sg/files/wshc/upload/event/file/Improving%20Ergonomics%20in%20the%20Workplace.pdf [Accessed 10 Mar. 2018]. Wshc.sg 2018.Workplace Safety and Health Guidelines Improving Ergonomics in the Workplace. [online] Wshc.sg. Available at: https://www.wshc.sg/files/wshc/upload/cms/file/2014/WSH_Guidelines_ImprovingErgonomicsintheWorkplace.pdf [Accessed 10 Mar. 2018].
Tuesday, April 21, 2020
Wole Soyinka Death And The Kings Horseman Essays - Yoruba Culture
Wole Soyinka: Death and the King's Horseman Wole Soyinka: Death and the King's Horseman In his play, Death and the King's Horseman, Wole Soyinka would have us examine every clash and conflict, save for the one involving culture. Certainly this may seem the most obvious part of the play, but we would do the general understanding of Death a disservice if we ignored one of the central conflicts in the play. Every element of the play is placed in terms of two extremes, and the cultures must be considered one of those pairs. Suicide is no exception to this examination; it must be seen in the conflicting lights that Soyinka gives us: British vs. Yoruban, physical vs. metaphysical, personal vs. social; and an expression of failure vs. a form of redemption. In examining how the play divides suicide so completely through these lenses, we can better understand the actions of Elesin and Olunde. In the Yoruban world, it is clear that everything exists in a large backdrop of history and awareness of the gods and the universe. While living is a personal experience, everyone is a fragment of reality. Thus every action has an impact on everything. All Yorubans and the entire world are interconnected. This is why the community is so close and so attentive when it comes time for Elesin to follow his king to the afterworld. Elesin's suicide is a communal act. It affects everyone, alive or dead, because it has little to do with Elesin personally. It is not his choice or decision; it is something that will happen. So, on one hand, suicide is a social act in this play. However, if we examine the lenses that Soyinka gives us to see his play, we can see the conflicts develop. In the Western world, suicide is mainly seen as a personal experience. Although there is religion - Christianity - there is nothing that ties the death of one person to another in the supernatural world. If you kill yourself, that's it. You face God separately from everyone else; your life is viewed by itself. This is closely connected to the Western belief of free will. No one forces anyone to commit suicide; the definition tells us that this is a voluntary situation. So this is clearly the personal part of suicide that is present in Death. And we can see the line that divides personal and communal aspects of suicide in the tenuous position of British occupation of the Yoruba. But there is still a similarity - suicide is seen to affect everyone involved. However, there is a stark difference even in this similarity. The power of suicide on the living is physical in the Western world, and metaphysical in the Yoruban world. In Britain, the sadness comes from missing someone who clearly left the world too early - before God called them. In Africa, the sadness comes from worrying about the destruction of the universe because tradition has been broken. So we arrive back where we started; the Yorubans consider everything in terms of a larger consciousness; Westerns in terms of personal freedom and experience. When all these ideologies are forced to coalesce during the colonial occupation, Elesin's situation is bound to happen. The clash of all these opposing ideas creates the conflict that makes Death and the King's Horseman. When Elesin's mind is given a taste of the English belief of free will, he is tempted away from his birth culture. The idea that the world does not rest on his shoulders, that the afterlife of the Yoruba might be false, and that he might continue to live until God chooses to strike him down (and enjoy the splendors of life and sex) creates a hole in his core beliefs. The taste is too much and too little; it nags in the back of his mind and eventually causes his downfall at the time of his expected suicide. Suicide becomes personal, physical, and scary. And so he runs away recklessly to the Westerners. Yet the fact that Elesin lives is a failure to the Yorubans and, although a momentary success, eventually becomes a failure as well to the British. He is forced to make a bad decision because he does not fully understand the conflicting views on life and death. British beliefs are barely understood by him, and never closely scrutinized. And thus ignorance is the real catalyst for Elesin's downfall. However, as with every pair of opposites, there is also an enlightened man in Soyinka's work. Olunde is the only person in the play who seems to fully
Monday, March 16, 2020
Free Essays on Cullturall Diversity
Free Essays on Cullturall Diversity Cultural Diversity By: Norm Pervis Doing Business in the Middle East Presently Bahrain, Egypt, Iraq, Iran, Israel, Jordan, Kuwait, Lebanon, Oman, Qatar, Saudi Arabia, Syria, United Arab Emirates, and Yemen are the 14 nations in the Middle East. The majority of Middle Easterners share in common the Arab culture, language and religion. It is especially important to take note of the Islamic belief. "Islam means the act of giving one's self to God or Allah" (Harris the others are from other Gulf countries, Pakistan, Iran and India. Although English is widely understood, Arabic is the official language. Most Emirates, approximately 96%, are Sunni Muslims (the remaining 4% are considered Hindu), and their paramount vi...
Saturday, February 29, 2020
Choose a book that includes a person with a recognisable psychological Essay
Choose a book that includes a person with a recognisable psychological difficulty (schizophrenia). How can we understand the experience of the character that you have chosen Provide a critical discussion - Essay Example The author is a research psychiatrist specifying in schizophrenia and bipolar disorder. He is a professor of psychiatry at the Uniformed Services University of the Health Sciences, Maryland (Torrey, 2006). The male patient exhibited symptoms of schizophrenia with a first incident of psychosis that was difficult for the individual to manage. It also presented significant difficulties to the patientââ¬â¢s family as his behavior was highly unpredictable, changing within a relatively short time span. In some instances, the patient would develop anxiety and anger with every person around him. In the family memberââ¬â¢s view, the individual looked confused and apprehensive of family members and friends who are well known to him without any justified reason. The major problem was that it was difficult to convince the person to seek the help of a physician since he did not think that he had a mental health problem. As the problem escalated, the individual continued to develop negative symptoms that deviated from the normal functioning of a healthy personââ¬â¢s mind. He appeared unresponsive to the surrounding nonchalant and apathetic (Torrey, 2006). The first severe episode of psychosis was followed by reduced symptoms that were not easily noticeable. However, the person continued to be socially withdrawn and also began losing awareness of personal hygiene, which kept away friends and many of his relatives. The person lost interest in communal activities in the society and also lacked motivation in life. His lack of interest in family affairs including matrimonial issues broke up his two-year marriage. He could not concentrate on important aspects concerning the living environment and could easily be run over by vehicles as he did not reflect on any potential danger while crossing the road. At times the person would not leave the house and also extended his sleep in an unusual manner. He could
Wednesday, February 12, 2020
Beer Garden International Essay Example | Topics and Well Written Essays - 3750 words
Beer Garden International - Essay Example However, as the globalisation has emerged as a favourite concept in both the academia as well as business, it came as an apprehensive thought to expand the business further to Australia. Australia got the taste of beer at the beginning of Western Colonisation. In the year 2004, in per capita beer consumption, the country was ranked as fourth. The most popular beer style in this country is Legar. However, the Australians love to taste all the beer styles with same enthusiasm. It has been noticed that the people in Australia like to enjoy themselves and they would prefer to mix nice cold beer with this enjoyment. So, it does not seem to be bad idea to open one hefeweizen beer outlet in there. The beer outlet is supposed to be designed taking inspiration from Australian culture and their beer consumption styles. This would be to done to satisfy the consumer requirements in Australia. This report will consider the macro as well as micro environments of the business to frame a set of tact ical recommendations for the beet store. Types of stores operating in the industry in the city In Australia, the consumption of alcohol (especially beer) is quite high. Beer was introduced in Australia during the colonial history and soon it turns out to be one of the favorite drinks among the people. With passage of time, high consumption of beer turns out a major problem in the country. In 1979, consumption per capita was almost 6.4 liters per year. However, due to stringent action taken by the government to control the situation, consumption of beer in Australia started declining. As per the data published by the Australian Bureau of Statistics in 2009, per capita consumption declined to 4.49 liter per person per year. The past analysis of alcohol consumption pattern among Australian indicates a unique change; now people are shifting from quantity to quality. Consumption of low strength beer has declined by 25 percent, consumption of middle strength beer is almost unchanged and t he conception of full strength beer increased constantly. In 2009, 63 million liter of alcohol consumed in Australia was in form of wine whereas 79 million liter of alcohol was as beer. Almost ten years back the consumer in Australia were consuming three brands on regular basis but today it is almost seven different brands that comprises of both premium as well as traditional brands. This is good news for the international brands (Williams, 2010). This change in consumption habit of Australian people has influenced the type of stores and outlet where beer is sold. In Australia the state government is responsible for formulating rules and regulation for alcoholic beverage sales. Beer, wine and other spirit are sold at the bottle store, locally called bottle-o. Such stores can be as separate section in a super market or it may be as an individual store. The well known brands have their own bottle shops franchises near to the super markets. In these stores, apart from purchasing the co nsumers can sit and have their drinks. Apart from the bottle shops the driving establishments also have the legal permission to sell alcohol products to the customers but it is for off-site consumption. Considering the increasing pace of life, concept of drive through alcohol retail is also gaining popularity. In the drive through retiles shops customers can escape the tedious
Friday, January 31, 2020
Financial Systems and audits Essay Example | Topics and Well Written Essays - 3000 words
Financial Systems and audits - Essay Example An income statement is composed of several items, including sales, costs, increase and decrease in intangible value, taxes, and outstanding shares. Another key accounting record is the balance sheet. A balance sheet categorizes a companyââ¬â¢s resources such as assets, liabilities and ownerââ¬â¢s equity. According to Pandey (2002), the components of a balance sheet are divided into current and long-term categories. Pandey (2002) further observes that these components are listed in order of liquidity. Besides a balance sheet and income of statement, a statement of cash flows is also very important in a business. A statement of cash flow provides one with information about a companyââ¬â¢s cash receipts and cash payments during a period. According to Khan and Jain (2003), a statement of cash flow has several objectives. Firstly, it is effective in predicting the amounts timing and ascertaining of future cash flows. Secondly, it indicates how cash is used and generated. For thes e reasons, it also helps the creditors, stockholders and customers to determine the flow of cash in a business. Thirdly, it helps an entrepreneur to understand the differences between net income and net cash flow from operating activities. Finally, it helps an entrepreneur to examine a companyââ¬â¢s investing activities and financing transactions. 2. Importance of accounting concepts It is important for an entrepreneur to understand different accounting concepts the common of which are business entity, matching concept, money measurement, going concern, accounting period, cost concept, realization concept and accrual concept. To understand the importance of each of these concepts it is instructive to examine their roles. To start with, the business entity treats business and owner as two different entities. In other words, a business entity is the very basis of accounting concepts, conventions and principles. The money measurement concept allows an entrepreneur to distinguish bet ween transactions that can be expressed in terms of money and those that cannot. The going-concern concept assumes a business entity can carry out its activities for an indefinite period of time. This concept is important as it facilitates the preparation of financial statements. The accounting period concept is important in calculating tax, predicting future prospects of a business and helping an entrepreneur to procure credit from financial institutions. The accounting cost concept requires all assets to be recorded in the books of account at their purchase price. This requirement is helpful in the sense that it allows an entrepreneur to calculate depreciation of fixed assets. Another key concept is the dual aspect concept which allows an entrepreneur to detect errors. Another key concept is the realization concept which makes accounting information more objective. Equally important is the accrual concept which helps an entrepreneur to know the actual expenses and income during a particular period of time. In addition, using this concept an entrepreneur should be able to calculate the net profit of his or her business. Finally, there is the matching concept which states that revenue and expenses should be recorded in the same accounting period. This concept should help an entrepreneur to ascertain the exact amount of profit or loss of the business. 3. Factors influencing the structure of accounting systems In order to effectively business it is also important for an
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