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Financial Management Course Structure
Name
Instructor
Course
Date
Courses Structures
Accounting and Financial Management
Learning Structure This Week
19 hours per week –from Monday to Friday Classes
Weekly assessment every Friday afternoon as segment of classroom period
5 hours of organized learning weekly
Amount of Hours in General for This Course10 weeks of 20 hours each/ 200 hours
Amount Hours for Every Day
4 hours daily
I hour well-structured learning dailyAdmission Conditions
Least age of sixteen years
Elementary Accounting and Finance management Start Date and End Date
Start Date: 26th May
Closing Date: 12th SeptemberCourse Fee and other charges
Registration Fee: $150.00Tuition Fee: $950Our Teachers Skills for This Course
The credential and expertise of the teachers in this particular field is typically undisputable regarding that most of them are trained in developed and established universities abroad and also hold impeccable documents regarding their specializations.
Economics
Academic Structure starting Week
30 hours mp3 per week-entailed in the course of undertaking the week
Day-to-day assessment after each economics
3 hours of ordinary activities weekly
Amount of Hours in Common for This Course22 weeks of 35 (+2) hours all/ 800 mp3 hours and 40 hours of video
Amount of Hours for Each Day
7 hours daily
0.5 hour of video watching daily for four daysCharges Requirements
Entrance at learner level
There is no admission trial taken
Commencement Date and End Date
Initial Date: Every Monday
Ending Date: After 20 weeksCourse Fees
Registering Fee: $90.00Our Teachers Skills for This Course
This course has well distinguished and acknowledged panel of teachers on economics who have shown the desire to combine structured abilities in designing and innovating new ideas
Management
Academic Structure This Week
4 hours per week – from Monday to Friday Classes
Beginning test on every Monday afternoons as part of classroom hours
Sunset classes offered for transitional level
Amount of Hours common for This Course9 weeks each with 5 hours/ 40 hours
2 semesters – 90 hours
Pauses between semesters
Amount of Hours for Each Day
1 hour daily
Admission Requirements
Pre-intermediate managementcommencement Date and Ending Date
Commencing Date: September 1st each year
Ending Date: End FebruaryCourse Fees
Registration Fee: $300.00Early membership: $290.00
Our Teachers Expertise for This Course
The teaching staff members of course are well trained with expansive range of experience in teaching the segmented course following long time of exposure in the field.
Global HYPERLINK “http://www.efagcollege.co.uk/index.php/en/courses/detail/4-business-classes/10-marketing”Marketing
Academic Structure This Week
8 hours per week – Tuesday, Thursday and Friday Classes
Mid-week CAT on every Thursday
Evening lessons and early morning classes offered
Amount of Hours in General for This Course14 weeks each with 4 hours/ 76 hours
12 weeks for transitional leaners/ 60 hours
Amount of Hours for Each Day
3 hours for learning daily
Admission Requirements
No background education needed
No least age requirementcommencement Date and Ending Date
Starting Date: September 20th each year
End Date: End February 23th yearlyCourse Fees
Admission Fee: $350.00Early registration: $300.00
Our Teachers expertise for This Course
The teachers in this sector hold expansive experience in the marketing s field with relations to undertaking marketing in the conventional world.
Electronic Marketing
Academic Structure This Week
4 hours per week – Monday to Thursday Classes
Electronic marketing tests after every second week
Morning and evening classes for advanced levels
Number of Hours in General for This Course14 weeks each with 3 hours/ 45 hours
Extra 14 office hours for consultation with instructor
Number of Hours for Each Day
3 hour for each day
Admission Requirements
Advanced level or technology in marketing
English placement test before admission account for close to 70% performanceStarting Date and Ending Date
Start Date: June 4th 2014
End Date: End MarchCourse Fees
Registration Fee: $720.00Tuition Fee: $1490.00
Our Teachers qualifications for This Course
Conventionally designed tutorials are availed by the teaching staff on this
segment and the teaching fraternity has well and elaborate background regarding the wider electronic marketing
. All the teaching staff members have PHDs and master in this field.
Finance
Academic Structure This Week
6 hours/ classes Monday to Wednesday
Office management practices Wednesday
Early morning lessons for advanced level students
Number of Hours in General for This Course11 weeks each taking 6 hours/ 60 hours
Amount of Hours for Each Day
2 hours for each day
Systematic classes – 1 hour in the morning, one in the afternoon
Admission Requirements
Advanced level in finance entry tests
Start Date and End Date
Start Date: July 2st 2014
End Date: September 18 2014Course Fees
Registration Fee: $700.00Early membership: $800.00
Our Teachers expertise This Course
Teachers in this course are experienced in diverse methods of instruction including the use financial tools in the market.
Human Resources
Academic Structure This Week
6 hours per week – Monday, Wednesday and Thursday Classes
Classes on weekends and evenings for advanced levels
Amount of Hours in General for This Course19 weeks each with 5 hours/ 74 hours
Additional seven hours for practical sessions
Amount of Hours for Each Day
3 daily hours
Admission Requirements
Understanding of the critical thinking unit
Human Resource Management test upon admissionStarting Date and End Date
Start Date: July 15th 2014
End Date: October 12th 2014Course Fees
Registration Fee: $800.00Early membership: $400.00
Our Teachers Skills for This Course
Our teachers are trained both in human resource management making and in the areas they teach.
This will enable comprehensive understanding of terms so as to diverse the same understanding to students.
Project Management
Academic Structure This Week
6 weekly hours – classes from Monday to Thursday
Principles & Practice of Project Management tests on every Wednesday
Morning and evening classes for all levels
Number of Hours in General for This Course6 hours for 17 weeks/ 60 hours total
3 hours for practical session in the use of medical terms
Amount of Hours for Each Day
2 hour per schooling day
Admission Requirements
Elementary Principles & Practice of Project Management
Elementary Principles & Practice of Project Management related area within the college
Elementary Principles & Practice of Project Management placement test before admission – required 40% or above performanceStart Date and End Date
Start Date: 30th June 2014
End Date: October 20th 2014Course Fees
Registration Fee: $660.00Early registration: $630.00
Tuition fee: $ 700
Our Teachers expertise for This Course
All teaching staff holds PhD and Master’s Degrees .These qualifications are held in Project Management related fields and additional language qualifications in the English language.
Most of the staff PHDs and none of them have qualifications below masters.
Management & Operations
Academic Structure This Week
6 hours per week – Monday, Thursday to Friday
Weekly assignments on Thursday
Whole day classes entailed
Amount of Hours in General for This Course22 weeks each with 6 hours/ 110 hours
Amount of Hours for Each Day
2 hour per day
Admission Requirements
Leaving certificate or equivalent qualifications
Age 23 and above
Start Date and End Date
Start Date: January 31st 2014
Ending Date: End of AprilCourse Fees
Registration Fee: $150.00Tuition fee: $1760.00
Our Teachers expertise for This Course
The teaching staff has diverse experience in the Management & Operations
They are all assessed to ensure that they help the students develop a critical approach to Management & Operations history.
Their qualifications are also certified by famous institutions as a prerequisite before they join the institution.
Banking concepts
Academic Structure This Week
4 hours per week – 5 lectures per week
Banking assessment test on Wednesday
Full time classes for all levels
Number of Hours in General for This Course13 weeks each with 2 hours/ 34 hours
Four semesters of 12 weeks
Total of 146 hours
Amount of Hours for Each Day
1 hour on Monday and two hours on Thursday
Admission Requirements
Pre-intermediate level banking
Start Date and End Date
Start Date: February 22th 2014
End Date: November, 23th 2016Course charges
Registration Fee: $340.00Tuition Fee: $1970.00
Our Teachers Skills for This Course
The teachers are all trained by prominent institutions in their practiced banking focus areas. They have exposed experience in ensuring their students develop a critical perspective towards their studies. This is supported by the provision of course materials in their practice.
Banking & Finance Security
Academic Structure This Week
4 hours per week – 1hours Tuesday and 1 hour Friday
Principals of Banking & Finance Security on Wednesday
Full time classes for all students
Amount of Hours in General for This Course
Four semesters for the full course
11 weeks per semester with 4 hours each week/ 36 hours
Total 143 hours
Duration of Hours for Each Day
Two or 3 hours for each day
Admission Requirements
Intermediate Principals of Banking & Finance Security
Principals of Banking & Finance Security test before admission with 60% performance
Excellent A levels or equivalentStart Date and End Date
Start Date: Spring 2015
End Date: Autumn 2017Course Fees
Enrolment Fee: $760.00Early enrollment: $9700.00
Our Teachers Skills for This Course
The instruction entails the use of the professional peers and practical application
. While the peers are picked from the best performing students, the teachers are qualified staff and approved by the administrative board.
FEAR OF FAILURE
TOPIC: FEAR OF FAILURE
NAME:
AFFILIATION:
Fear is well defined as perceived danger which results in changes in metabolic and organic body functions. These changes results in difference in behavior such as fleeing, hiding or freezing from perceived traumatic events. One of the perceived dangers can be failure. The fear of failure which is also referred to as Atychiphobia is one of the most common fears faced by most young people. This happens mostly when they have had a chance to be at the top of their game at all times. When they have uncertainty in some outcomes they get afraid an eventually fail. Sometimes it’s the fear to fail that actually causes one to fail. The causes of fear of failure include; an individual’s perfectionism, the perfectionism of the people around them, personalization of issues, lack of self-confidence and childhood experiences.
Perfectionism occurs when an individual is obsessed with things being in a straight line as he or she intended them to be. They like things being perfect when in reality things can never be perfect. Things may seem on point in one’s eyes and the other may identify fault in them. When such individuals meet people that can identify fault in their supposedly perfect work it gives them a sense of failure and loss. They feel like they have started failing and eventually fear is created and self-doubt sets in too. They associate the people that point out their imperfection with failure and some even grow hatred towards them. The other cause of fear of failure is perfectionism in the people around us. People feel like they have a duty to prove their success to the people around them or the people around them expect them to succeed so they pass in order to live up to those expectations. For example the freshmen students at Smith College, after passing all the tests and being there by merit with regards to excellent grades, they feel the need to maintain the status. Their parents, tutors as well as their fellow students may exert intentional of unintentional fear in them to ensure they succeed too. Hence the need for resilience departments in institutions to ensure sanity in students that may be under such pressure.
Lack of self-confidence is one of the causes of fear. When one does not believe in their abilities he or she only focuses on perfectionism thinking it makes them successful. In real sense only those that don’t believe in their abilities will need approval and recognition which means they have to succeed and surpass all the laid limits. They believe that failure is a set back and they will do all they can to be among those that are known to be at the top of things. The truth is that they may just be afraid to be failing and most of the time they might not even be having any interest in the specific topic or subject. This can be in the case of club admission, joining different sports or even academic tests. Some students try so hard to join some clubs not because they have an interest but they intentionally just fear being pointed out as “the one who didn’t make it through the club admissions.” These types of people live in their heads. They mostly listen to what people say about them and it tremendously affects them. Those that have self-confidence will mind little of what people will say about them. In fact they believe in themselves and do things mainly to make them happy and to have inward fulfillment.
Our past events in life affect our present and how we deal with life events at the moment. How we talk, how we react to issues, how we solve our problems and how we think of the people and situations around us. For example, there are children that know that if they fail they will be punished by something they love being withdrawn from them. So they grew up working hard to guard them just so that they can’t be deprived the joy of their favorite toys, I pads or privileges at home. When such a child grows up they seem to always want to fight for their space. They also think that it’s always a struggle, a give and take kind of situation. I give you good grades I get and keep my phone, watching my favorite program or keep going to my friends party. When older they bring the same fight in real life and always want to win. So when they perceive danger or the toughness of a situation to mean that they can no longer win as they are used to. This causes fear to creep in and that’s how they get fear of failure.
Fear caused by personalization occurs when a person does not see any good in themselves. In case of a failure they start to blame themselves and condemning themselves thinking that they “if they did this or that better” they would have succeeded. They honestly don’t feel good about themselves. In the real sense the failure might have been caused by external factors like the weather, other group members or lack of proper financing, yet they still feel that they are the ones to blame. This may also have resulted from their childhood experiences. For example where nothing they did was considered good enough. This makes them think that they are the problem and not the situation or the people around them. These are the type of people that are obsessed with success just to prove that they are better that what others thought of them. On the other hand they could also relax and make no effort at all in doing anything because no matter what they do they think they are failures.
Contrary to the norm of thinking of fear in a negative way, Karen Simpson brings out the idea of viewing fear as a form of imagination just like that of a child. Fear is caused by things we see like a curtain swaying in a dark room. Then what we see is accompanied by our human imagination to create an idea of what it would be. Then the fear in us makes us think that the house might be haunted or there could be a person behind the curtain. What if the window was slightly open and it was just the wind blowing the curtain open? What if there was a rat that passed by and swayed the curtain. Fear is actually created from our active imagination. We also perceive fear to be created from big things such as the monsters chasing us, being eaten by ogres or finding yourself in a haunted house alone in a stormy night, or just like the sailors who feared the carnivores more than they did starvation. Sometimes the things we fear are the simplest but when we talk of fear we only bring up the big scenarios. Starvation was right at the face of the sailors but they only thought of the unknown. They knew what it meant to be hungry and they knew that starvation was real but then they chose to fear the unknown. The carnivores that they had only heard of, whether it was true or not they dint know. Yet they risked it all for the fear of the carnivores.
In conclusion, fear and its fear have been broken down into the simplest ways through the video as well as the article. It is well known and clear that failure is not only a mountain to overcome or a situation to fight but it is also a sharpening process to greatness. With all the great professors and successful students expressing their failure for all to see them, then it is well evident that failure is not a disease or a plague it’s all a part of the sharpening process. From that I believe that one needs to believe in themselves despite their childhood experiences, as well as understand that nothing can ever be perfect in everyone’s eyes.
Financial Information of Kellogg Co
Financial Information of Kellogg Co
Author
Institution
Introduction
Financial statements have gained considerable significance in the recent times. They are mainly used to present information pertaining to the financial position of a company, which is presented to the shareholders, employees and the general public, as well as government agencies. Needless to say, the compilation and calculation of financial information in financial statements involves some level of expertise, especially considering that an individual would have to consider the existing systems, regulations and standards set by the accounting bodies of the country within which they operate. This gets even more complicated in instances where a company operates in different countries as is the case for Kellogg Company. Kellogg Company refers to a multinational food manufacturing company whose headquarters are situated in Battle Creek, Michigan. It is involved in the production of cereals, as well as convenience foods such as crackers, cookies, cereal bars, toaster pastries, frozen waffles, vegetarian foods and fruit-flavored snacks. The manufacture of its products is carried out in 118 countries while it is marketed in more than 180 countries all over the world. While its financial statement is bound to be undoubtedly complex, the accounting standards and procedures used in compiling it is always bound to be the same as any other company.
Day’s sales in Accounts Receivable
This refers to the average number of days that a company takes in order to collect the payments on the goods that it has sold. It may be used to determine whether there are any collections problems, as well as the pressure that is placed on the cash flows of the company. Numbers that exceed 40 to 50 days come as an indication of collection problems, thereby outlining considerable pressure being placed on cash flows. On the other hand, numbers that are way below the 40 to 50 range would underline overly-strict credit policies than may be preventing higher sales revenue (Wood & Sangster, 2005). These days are also referred to as debtor days or day sales in receivables. These are calculated using the formula: Average Accounts Payable x 365/sales revenue
Yearly accounts payable for Kellogg Company = 1402,000,000
Average accounts payable = 1402, 000,000/365
Day’s sales in accounts receivable = (1,402,000,000/365 x 365)/14,197,000,000= 0.0987 days x 365 = 6 days.
Days Sales in Inventory
Days’ Sales in Inventory (DSI) refers to a technique for measuring the average amount of time that is required in order for a company to convert its inventory to sales. This may also be defined as the financial measure pertaining to the performance of the company that informs or gives the company’s investors an idea as to the length of time that the company would take to turn or convert its inventories or stock into sales. This inventory would not only include the goods themselves but also the work in progress in cases where such is applicable. In general, scholars note that it is better for a company to have a lower or shorter Days’ Sales in Inventory than a long one. This, however, does not negate the fact that there will be variations between the average Days’ Sales in Inventory in one industry and the others thanks to the variations in the operations. For instance, a business enterprise that deals with perishable goods such as raw vegetables and fruits is bound to have an extremely value pertaining to Days’ Sales in Inventory as compared to business enterprises that deal with non-perishable or long-term goods such as machinery and cars, which would have high values of the Days’ Sales in Inventory (DSI). On the same note, companies such as Kellogg Co. is bound to have a higher value of Days’ Sales in Inventory (DSI) than business enterprises that deal with raw fruits, vegetable and other consumer goods especially considering that it manufactures and packages them, thereby increasing the length of time within which they would perish or expire. A significant small number of days’ sales in inventory comes as an indication that the company is extremely efficient in selling off its inventory. A significantly large number of days, on the other hand, shows that the company may have made too much investment on inventory and may be incorporating obsolete inventory in its stores (Wood & Sangster, 2005). This may also be an indication that the management of the company has made a decision to keep high levels of inventory in order to attain high rates of order fulfillment. The figure represented by the days’ sales in inventory is used by external financial analysts to estimate the company’s performance using the ratio analysis. It is rarely used within the company as the employees have access to detailed reports that reveal the inventory items whose sale is worse or better than average (Wood & Sangster, 2005). In calculating the days’ sales in inventory, the annual average inventory is divided by the annual cost of goods sold then multiplied by 365.
(Opening inventory + Cost of goods sold – Closing inventory)/ Cost of goods sold x 365
(1,174 + 8763 – 1365)/ 8763 x 365 = 357 days.
This means that the company is keeping too much inventory in its subsidiaries, probably, to ensure capacity to fulfill its high rates of order.
These may be compared with the financial statements for a multinational company such as Cracker Barrel Old Country Store, Inc. Cracker Barrel Old Country Store, Inc is a multinational company with subsidiaries in varied countries (Cracker Barrel Old Country Store Inc., 2012). It mainly deals in restaurants and gift shops unlike Kellogg Co. which deals with food manufacturing. However, both of them are multinational companies, in which case the compilation of their financial statements is bound to be more or less equally complicated or complex (Cracker Barrel Old Country Store Inc., 2012).
The company’s Days’ Sales in Accounts Receivable would, therefore, be computed as bellow. (Average Accounts Payable x 365/sales revenue)
Yearly Accounts Payable for Cracker Barrel Old Country Store, Inc = 39,704,000/365
Average Accounts payable= 108778.082
Days’ Sales in accounts Receivable = 108,778. 082/ 2,580,195= .04215886×365= 15
This means that the company has strict collection procedures, rules and regulations, which is expected for a restaurant especially considering that such enterprises would rarely provide goods and services for credit.
For the company’s Days’ Sales in Inventory
(Opening inventory + Cost of goods sold – Closing inventory)/ Cost of goods sold x 365
In ‘000
(2,532+ 827,484 -1720)/ 827,484 x 365= 365 days
The Day’s Sales in Inventory for Cracker Barrel Old Country Store, Inc are quite high, which is surprising for a company that deals with perishable goods. This, however, may be as a result of the operations pertaining to the gift shops. Nevertheless, it means that the multinational company buys in bulk, probably to ensure that it has a steady supply of items even in instances where the gods used in its operations are in short supply. On the same note, it could be dealing in manufactured or packaged goods that have a long period before their expiry.
The financial statements of Kellogg Company are extremely complex especially considering that they incorporate the operations and entries of the subsidiaries. This is the same case for Cracker Barrel Old Country Store, Inc. On the same note, it is noted that the financial statements of both Kellogg Co and Cracker Barrel Old Country Store, Inc were prepared in line with the accounting principles that are fundamentally accepted in the United States of America, especially with regards to estimates, where the management of the company is required to make assumptions and estimates that affect the amounts of liabilities and assets that are reported, as well as the disclosure of the company’s contingent liabilities as at the financial statements’ date alongside the reported expenses and revenues in the reported periods (Kellogg Company, 2012) . As it is noted, the actual results could be different from the estimates underlined in the financial statements. The financial statement captured the period between December 31st 201 and December 29th 2012 (Kellogg Company, 2012). It is worth noting that there were varied modifications in policy that were undertaken within the year, which were reported via retrospective application of new policies to all the presented periods. On the same note, the financial statements undertook a consideration of the effect of recast pension, as well as postretirement benefit expense on the balances of capitalized inventory in prior periods (Kellogg Company, 2012).
References
Kellogg Company, (2012). Kellogg Company // Form 10-K For Fiscal Year 2012 (Ended December 29, 2012).
Wood, F., & Sangster, A. (2005). Frank Wood’s business accounting 1. Harlow: Financial Times Prentice Hall.
Cracker Barrel Old Country Store, Inc (2012). Cracker Barrel Old Country Store, Inc Form 10-K (Ended 3rd August 2012)