Human Resource Management Assignment Example | Topics and Well Written Essays - 4250 words

Human Resource Management - Assignment Example nvolved (A Managers Responsibility and Liability in Health and Safety, 2008) Having an effective leadership team and effective workforce management will help the organization in protecting and safeguarding the interest of the employees. The indispensable and critical principles are- An effective leadership management team who play an active role towards assimilating strong health and safety management. Workforce involvement in promoting and achieving high safety conditions in work environment Frequent follow-ups, monitoring, and reviewing the performance of the safety measures (Health safety executive, n.d) Effects of poor health and safety measures- In 2006, approximately 30 million working days were lost due to poor health conditions and physical injuries to the employees. Approximately 200 employees are killed each year due to poor and negligent health and safety measures at work places in companies Many employees reported each year with respiratory diseases and cancers due to occ upational illness (Health safety executive, n.d) Benefits of good health measures: Reduced cost and reduced risks Low employee turnover and employee absence which improves productivity indirectly Corporate responsibility among clients, partners Do you think managers should be held liable for health and safety violations? Protecting the health and safety of the employees should be one of the main focuses of the risk management team in any organization. Health and Safety plays an integral and fundamental part of the organization’s success. Management, board members and the leadership team who do not show any focus in this area would never be able to achieve the highest achievement of health and safety management and should be penalized. Failure on the part of the management to incorporate... This essay focuses on the analysis of the Human Resources department, that usually helps in organizing and deals with any issues related to compensation, safety, policies, wellness settlement, general administration, training and development. The researcher mentiones that they are also expected to add value to the employees. Health and safety law basically safeguard the welfare of employees and the general public. This law holds the person, company or organization liable for any employee injured through accident at work or death of any employee. The Health and safety team can execute a criminal prosecution against the company, which may result in penalty or imprisonment against the company management and human resources department. The affected employee can also seek for damages in the civil court. The role of the human resource team should have a health and safety program clearly defined and stated. Some of the areas that human resources should examine and supervise are management a nd employee training on health and Safety measures to prevent work related injuries and illnesses and ensuring workplace safety culture is being driven to ensure safety of the employees working onsite. The researcher then concludes that having an effective Health and Safety department has become very important from a commercial and a governmental viewpoint of the company. Many high profile safety negligence cases over the last few years have been mostly caused by bad management team in the company.

Intermediate Accounting 2 answeres Essay Example | Topics and Well Written Essays - 1000 words

Intermediate Accounting 2 answeres - Essay Example (Maxwel, 2010) The lease receivable will be revealed as an asset on the balance sheet, and the interest revenue is recognized over the term of the lease, as paid. Normally, the company will record its sale on its books, removing the asset from its books and replacing it with a receivable from the lease. During the lease term, the lessor receives interest income. The cash inflow equals the lease payments and the cash outflow is equal to the book value of the asset. (Paul, 2007) Legally, the lease expenses are usually treated as operating expense and the operating lease is not revealed as part of the capital of the firm. When a lease is classified as a sales type lease, the present value of the lease expenses is treated as debt, and interest is imputed on this amount and shown as part of the income statement. Changing from operating leases to sales type leases increases the debt shown on the balance sheet significantly. (Paul, 2007).It is therefore wise for the company to use operating lease since there would be no increase in debt. The operating lease payments in future years, which are revealed in the footnotes to the financial statements for US firms, should be discounted back at a rate that should reflect their status as unsecured and fairly risky debt. As an approximation, using the firm’s current pre-tax cost of debt as the discount rate yields a good estimate of the value of operating leases. Note that capital leases are accounted for similarly in financial statements, but the significant difference is that the present value of capital lease payments is computed using the cost of debt at the time of the capital lease commitment, and is not adjusted as market rates change. Using straight line method Depreciation = (Cost - Residual value) / Useful life/salvage value. Suppose the cost of airplane is p, then the salvage value of x and y under 15 and 25 years