The Managerial Accounting Process in General Electric Inc Term Paper

The Managerial Accounting Process in General Electric Inc - Term Paper Example Planning of operations primarily involves the budgeting process. It is associated with the cost of producing a unit of product. Thereafter, the actual performance of the firm is compared along with the budgeted amounts and controlling occurs in those sectors where the difference seems to be significant (CSN, 2011). Simultaneously, along with the development of managerial accounting principles, the traditional accounting system also witnessed a rapid development. However, there are good numbers of firms which are still following the traditional accounting system. But with the increasing global competition and evolution of technologies, production oriented operations are becoming more and more complex. Firms need to do an effective evaluation of the cost that they incur for producing goods so that proper pricing of those goods can be done, which will generate sufficient revenues for the company. Precise cost information is very crucial for every aspect of the business, be it pricing po licies, product designs or performance reviews. These requirements saw the inception of activity based accounting over two decades ago and now is widely used in the US, Europe and Pacific. Similar to managerial accounting, activity-based costing not only includes the evaluation of a company from a financial perspective but also from the wholesome perspective as it includes both financial and non-financial data in its reporting (Gupta & Galloway, 2003). The following section will involve a thorough analysis of the managerial accounting process followed in General electric Inc thereby explaining the significance of Activity-based costing towards the financial performance of the company. Moreover, comments will be made as to whether the use of activity-based costing system will add to the benefits of the company or not. Thereafter, emphasis will be laid on the use of standard costing by General Electric (GE). Standard costing is basically used by companies for comparing standard cost s et by the company with the actual cost that is incurred. Hence it draws attention to the performance of the company with respect to the goal that is set by the company. The fifth part of the project enlightens the benefits of the relevant cost for the future projects of the company. It helps the management of the company to take any crucial decision regarding the acceptance of the project or take make or buy decision. Â  

Health Optimisation - Gerontic Nursing Care Essay

Health Optimisation - Gerontic Nursing Care - Essay Example Sullivan (2008) further points out that the patients suffering from dementia and delirium tend to have issues and behavioral problems of the same type including purposeless activity, sleep disorders, inappropriate conduct or aggressiveness. In both cases, the patient is most likely to be disoriented, have hallucination and delusions. Virani et al (2010) adds that patients suffering from dementia are at a high risk of getting into the condition of delirium. However, the overlap does not account for all the symptoms associated with each condition. Each condition has a set of unique symptoms that are entirely different from the other. According to Thomas et al (2008), â€Å"delirium is characterized by acute consciousness disturbances and global changes in cognition†. Moreover the patient can be extremely hyperactive if agitated or extremely hyper alert. On the other hand, Eliopoulos (2010) points out that a delirium patient can be hypoactive if the patient is confused, lethargic or even when sedated. Dementia on the other hand has many characteristics. According to Ouldred et al (2008), â€Å"dementia is characterized by slower move into deficits in cognition that include memory impairment and at least one of the disturbances of cognition such as aspraxia, asphasia, and a disturbed or agnostic executive functioning†. The impairment cause must be significant in occupational or social functioning and represent a great decline from a previous level of functioning. Course of illness According to Miller (2009), delirium is transitory. Its onset is quick and its treatment will remit symptoms. A sudden drop to baseline causes delirium. Dementia on the other hand is characterized by a slow progress and a long-term gradual decline from the baseline. Furthermore, it is chronic, progressive and irreversible. Etiology When comparing both delirium and dementia etiologically, a big difference comes out. Metabolic imbalance, substance abuse, failure of the liver, congestive heart failure or its infection all cause delirium. On the other hand, dementia is mainly caused by degeneration of the nervous system including neurodegenerative diseases and Alzheimer (Waszynski et al, 2008). Treatment According to Saxon et al (2010), the delirium symptoms can be prevented or reversed to prevent further medical or cognitive impairment. Some of the management of delirium, which are non-pharmacological, include steps such as provision of optimized, quite environments, in contrast, the dementia symptoms cannot be remitted but can be managed. Assessment The elderly patients like Mr. Webb are mostly at a higher risk of cognitive disorders. These cognitive disorders can be chronic such as dementia or acute such as delirium. For effective treatment, the first step is clarifying the diagnosis and assessment at onset. However, as Thomas et al (2008) explains, this can be challenging to the elderly patients like Mr. Webb. They often have accompanied medical co-mor bidities that can result to affective and cognitive changes (Gagliardi, 2008). 1. Approach the patient (Mr. Webb) As explained by Gagliardi (2008), I will try to reduce the number of people in the room. As well, as encourage him to rest either on the bed or on the chair. I will initiate a