Essays on Cima

Report on Sierra Ltd.

Report on Sierra Ltd.

Introduction

This report will assess the dip in profit of the Sierra Ltd. and will closely monitor the current costing and pricing strategies. It will also assess whether the activity based costing is suitable for the company or not. On further, if activity based costing is implemented, the steps that should be taken by the management to ensure the implementation will also be analyzed. Mr. Kaur’s suggestions will be deeply assessed to ensure if going along his way is safe and profitable. The important concerns of the Sierra Ltd. are due to the refinancing to ...

Introduction

Sierra Ltd. is an automotive parts’ manufacturer situated in Eastbourne, England. The company manufacturers several distinct products and follows the traditional cost management system. It uses machine hours as the basis of allocation of overheads to its product costs. This report provides an assessment of Sierra’s finance director’s proposal to adopt the Activity Based Costing system for allocating overhead costs more appropriately and to increase sales margins. The most important issues faced by Sierra Ltd. are the declining revenue and profits since the last five years, low projected net profits for 2016 and high product costs. Sierra ...

Surgical site infection (SSI) is one reason that patients get readmitted within 30 days following the procedure. A quality improvement (QI) project will focus on prevention in order to lower the hospital’s SSI rate. The Plan-Do-Study-Act (PDSA) cycle is an appropriate framework to guide the QI process (Taylor et al., 2014). The “plan” phase entails forming a project team and should involve nurses, physicians, and other healthcare professionals who can impact the incidence of SSI. The team will perform a root cause analysis (RCA) to assess the contributory factors to the SSI and identify the goals and objectives ...

Executive Summary

Doing business in today’s business market is challenging requiring an organization to have an understanding of customer need as well as how to adjust to the changing business market. It is the responsibility of the management team to gain insight on how to please the customer while also increasing revenue. No matter the business this process must be accomplished in excellence for the sustainability of the business. This process is even more important relative to the automotive industry. Turbulent changes in the economy to include people losing jobs thereby not having the income to buy new cars as ...

The “Dog Stars” by Peter Heller is a post-apocalyptic book with its setting in Colorado. Nine years After a flu pandemic wiped out almost every creation on earth; a deadly blood disease spreads to claim the remnants of the flu pandemic (Peter 1). Among the survivors who remain after the second calamity was the books main character Hig, who is also the narrator. He lives at an abandoned airstrip together with Bangley and his loveable old dog, Jasper after moving away from the comforts of his previous home. They struggle to survive in the new environment against all odds ( ...

There exist no single set of qualities that determine the effectiveness of a manger. In most cases, the question of the qualities that make up a delectable manager is dependent in an organizational context. However, there is a combination of qualities traits that universally differentiate effectively performing managers from nonperforming managers. Effective management practices can be viewed in light of the functions of the managers, their mastery and application of these functions, together with the delegation skills exhibited by the managers.

According to Singh (2004), the basic function of a manager is planning; a differentiated task which requires the manager to formulate objectives and ...