The Current Uk Energy Market Supply - 1788 Words

Introduction Energy as gas or electricity constitutes a huge part of the current market supply, which have a strong impact not just in the environment but also in the economy as a whole. According to Allen, Hammond and McManus (2007) as energy worldwide demand is growing, the scarcity for resources grows too, which is threatening not only energy security but also energy costs. OFGEM ´s (2014) report ´s, analyses the gaps and adquisitions of the energy market supply in Great Britain, where they found that the energy service supplied is dominated by six main firms, which have been facing strong problems with consumers decreased trust, higher costs, wider barriers to entry, evidence of a possible tactic coordination and lack and weak†¦show more content†¦According to Office of National Statistics (Gov.2014), the variance of inflation during these years reached approximately 9%, which means that gas prices increased approximately three times versus inflation, and electricity prices 1.7 times as well in these same period. Considering that gas and electricity use are priority, consumers are being affected in their family budget and disposable income, by this price increase. High prices on the marketplace are due to the fact that very few firms are capable of controlling them. According to ONS in Figure #2 (appendix), extracting from the industry market concentration measurement versus the number of control firms, we can conclude that in years 2005-2009 there was not a significant change, instead in years 2010-2013 the indicator evidences a high energy concentration in the market, which matches the high price increase in energy of approximately 40%. The higher the value of the index ( energy concentration), we will find fewer control firms in the industry, thus creating a high intense concentration, which means that as the number of control firms disappear, power will start to concentrate in the remaining firms that have high interests in obtaining profits and position prices above inflation. Figure #4 (appendix) shows that high profits of these firms come from the domestic supply between

Essay on Fulfillment is Gained Through Philosophical Thought

Fulfillment is Gained Through Philosophical Thought The ability to think philosophical is the ability to truly understand and know ones surroundings and everything that influences those surroundings to the degree that knowledge becomes the ultimate understanding and appreciation of the surroundings without question. With this ultimate understanding, a philosopher is able to appreciate life and live life to a fuller degree than the average person. Unfortunately, becoming a philosopher or even recognizing a philosopher can be difficult. Therefore, in order to live a philosophical life, one must understand what philosophy is and have a clear perception of why they desire a life as a philosopher and the hardships that ultimately coincide†¦show more content†¦To further explain, if a person views something that is beautiful and that is all he is capable of understanding, the objects physical beauty, then he does not understand the ultimate truth behind that object and its beauty it possesses drawing to a personal opinion of that o bject. Thus, an opinion is simply an incomplete truth. An opinion is not necessarily wrong in its idea, rather it is simply not a complete idea or understanding. To be a complete idea and understanding, the idea must be universal. This is a key to philosophical thought. The idea being drawn from a subject must be absolute and universal in its being, thus being the ultimate understanding or idea. Therefore, to conclude, a philosopher is one who has knowledge of something rather than an opinion, acquiring that knowledge through true appreciation of the subject in its universal and absolute state. Being a philosopher is not always easy. Along with understanding how a philosopher thinks and learns knowledge, one must also understand the hardships that coincide with it. But first, one must have a clear perception of why they want to be a philosopher. A full understanding and self-recognition of why one wants to be a philosopher will allow them to completely defend themselves when necessary. Being a philosopher allows a person to grasp a situation, an object, or an idea with an ultimate appreciation andShow MoreRelatedAnalysis Of The Bhagavad Gita 1389 Words   |  6 Pagesan in depth examination. The philosophical and religious as well as human natures are some of the most important themes that will be displayed in this essay. 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Challenges And Implications Of Human Resource Management

(Topic 3) Challenges and Implications Human resource management is arguably one of the most important departments in every organization. Just like other departments in the organization human resource management faces its share of challenges. One of the major challenges the department has been facing in the recent past is the trend in the mobility of human resources (Caulfield, 2010). Human resource mobility refers to the movement of employees either internally or externally. Internal mobility includes upward mobility or downward mobility. The cause of this can either be promotion or demotion. The external mobility of human capital refers to the movement of employees out of the organization. The latter is more prevalent in the most†¦show more content†¦Therefore one of the strategies to retain the best would be to have a plan that motivates them to remain in the organization. Talent management plan ensures that the bet employees are developed making them have loyalty to the o rganization to an extent that they do not fall for the mobility of human resource. Retention Plans. The human resource management is keen to come up with a retention plan to ensure that the best employees do not leave their organization. Human resource mobility trends over the years have led to the transfer of talents, skills and knowledge from one organization to another. Therefore, the human resource management has devised a retention plan that can be used to ensure the best employees do not leave. The plan usually contains the privileges that are important in motivating the employees (Ãâ€"zbilgin, Groutsis Harvey, 2014). Apart from sustainable wages, the plan also incorporates other intangible benefits that give the workers the surety of the continuity of the organization. Such benefits include security of tenure, workable organizational missions and achievable goals. (Topic 4) Key Precedents of the Mobility Trend There are fundamental precedents to the trend of human mobility that can be traced from a historical perspective. These precedents have an influence in the prominence of the trends in labor mobility and human resource management. Influx of Immigrants The influx of immigrants is one of the precedents.

Report on Accounting Information Systems

Question: Write a business report to David comparing the two accounting software, and in particular your report should cover the following: 1. Modules and functions; 2. Ease of use; 3. Security and control; 4. Report availability; 5. Costs; and 6. Your recommendation as to which accounting software is more suitable for his business, with justification. Answer: Introduction Accounting is a very important aspect in any business. Accounting is done in the order to understand the performance of the company. There are different accounting systems. In order to understand and analyze the different accounting systems, companies implement different software. These software helps to calculate and understand the different accounting techniques that will help to calculate the financial conditions of the company. With the help of the accounting software it is possible to calculate the accounts of a company in a matter of seconds. These software helps to calculate the different financial aspects of the company and upload it in a server that is essential for the people who require the accounting for their use. With the help of this study the researcher will be able to understand how different accounting software work and what are a few important features of the software. In the given case, two accounting software by the name of MYOB and Xero are taken into considerat ion (Cruz Rambaud, 2010). Discussion Various types of accounting information system are present in this context. From them, financial accounting system and the managerial accounting system are both play an important and a significance role in this scenario. It also represents a considerable variation or the differences in between them. Financial accounting has mostly focused on the financial reports or the statements that are probably distributed to the financial analysts, stockholders, lenders and the other outsiders of the organization or the firm (Curtis, 2008). Financial accounting courses cover the commonly accepted accounting guidelines and principles that need to be followed mostly when to reports the consequences of organizations past transactions over the statement of cash flows, balance sheet, income statement and also the statement of modification in equity of the stockholders. Managerial accounting system also represents to provide the information with the organization, so its management needs to operate the team more efficiently. Cost accounting and the managerial accounting also supply the instructions to compute the products cost to manufactures the enterprise. This type of costs needs to be than used in the external financial reports (Information technology, 2012). According to the cost systems for courses, manufacturers in the managerial accounting may incorporate topics like break-even points, cost behavior, operational budgeting, profit planning, relevant costs to makes the decision, capital budgeting, standard costing and finally the costing that is totally based on activity. Modules and functions of the software- both MYOB and Xero are cloud based accounting software. However there are a few differences between the two. The most basic difference between the two in terms of module and functions are that Xero has much cleaner and lesser cluttered interface than that of MYOB. The appearance of MYOB is blurry, dated and is irritating to the eyes after a certain length of time. Another advantage that Xero has is that the desktop can be easily customized according to the requirements (Curtis, 2008). Ease of use Navigation in Xero for the users to accounting software is new and also very much easier and simple like all others core functions and it also very easy to identify on the computer. Navigation within Xero is dependable with internet navigation and Google. To, to select the option "back" to return the previous screens and also have the capability to open the multiple "tabs". It makes navigation is very easier, specifically where the users are too familiar through the internet service. Moreover, if a user is almost a familiar with the help of the MYOB design, both they are straight forward to navigate, throughout the Internet it is a special type of navigation is not accessible with MYOB. Generally, for daily transactions, for example, coding of the bank statement, emailing and entering invoices, purchase the orders and also ready to send the statements Xero is very fast, and the entry is too much straightforward and overall it is very easier to use (Neish Kahwati, 2010). For such com plex tasks like to apply the bank rules or the coding rules to receipts the salary to obtain the accounts, and also matching invoices, MYOB is very simple and easy to use; moreover Xero has greater flexibility and functionality and also works effectively. Under overpayments, prepayments, and the payments is the little hassle to fulfill in the accounting software Xero than the other software like MYOB (Powner, 2012). Security and control In case of security, both Xero and MYOB are greatly reliable. With the features getting updated regularly online, it has become possible for the accounting system of the companies using either of the two to stay updated and online. Moreover both services provide online backup system and provide great security. Therefore it can be said that both the systems provide great security. The only difference is that ease of use. Xero provides a faster ease of use (Fisher, 2007). Reports availability MYOB has superior flexibility, options, and ease of use. To transfer EXCEL is well and simply formatted. With complex analysis, EXCEL transfers reporting are obtainable with the help of such limitations. Xero informations are satisfactory for all common and basic reporting requirements. So, it is very difficult to obtain more other complex analyzing statement or the reporting (Romney Steinbart, 2006). Cost MYOB has a constant throughout the costs of the board that is probably and affordable the better value in basic software at $21 in every month. Costs of the Xero is totally dependent on their transactions number. The starting package is same as the costs of the MYOB $25 in every month. Moreover, this level is closely related to the business. The premium and standard packages are $65 and $50 per month. Conclusions This study helped the researcher to find the different ways and procedures by which accounting cqan be done by implementing different software. In the present case the two accounting software that has been used is Xero and MYOB. The comparative study helped the researcher to understand which of the two software are more effectively usable for the accounting systems. Recommendation With the help of this study it can be said that despite MYOB is cost efficient service, yet Xero provides better services of the two. Depending on the type of business, the user can select the service. References Cruz Rambaud, S. (2010).Algebraic models for accounting systems. Singapore: World Scientific. Curtis, V. (2008).MYOB software for dummies. Milton, Qld.: Wiley. Curtis, V. (2011).Making the most of MYOB business software. Warriewood, N.S.W.: Woodslane Press. Fisher, I. (2007). A prototype system for temporal reconstruction of financial accounting standards.International Journal Of Accounting Information Systems,8(3), 139-164. Information technology. (2012). [Washington, D.C.]. Neish, W. Kahwati, G. (2010).Computer accounting using MYOB business software. North Ryde, N.S.W.: McGraw-Hill Education. Powner, D. (2012).Information technology. [Washington, D.C.]: U.S. Govt. Accountability Office. Romney, M. Steinbart, P. (2006).Accounting information systems. Upper Saddle River, N.J.: Pearson Prentice Hall.