Financial Report- Halliburton Company Essay Example | Topics and Well Written Essays - 1250 words

Financial Report- Halliburton Company - Essay Example that participated in auditing Halliburton Company were KPMG LLP, Auditors included through there auditing conveyed that the company had to fully disclosure its financial statements. The public companies must be audited because most of them engage in corruption and misuse of public fund. Therefore they must be audited to give out assurance. 5. Halliburton Company used cash basis accounting. From its Consolidated Statements of Cash Flows it has shown clearly that operating activities amount $ 3654, investment activities shown that , $ (3,688) and the financial activities amounted $( 9172). These activities show that the transaction was in cash basis. 6. The following were items that accompanied Halliburton company financial statement: accounting policies description of the company which helps to the investors to evaluate their financial stability through calculation of assets and liabilities. The people who invested in Halliburton Company are assured of high profit either in long term and short term periods. Also they are assured of proper record keeping (Risdon, & Alvarez2011). 7. Halliburton annual report differs from one another in a way that they need reconciliation statement. In compressive income statement if differs with cash flows statement. In order for them to balance, they articulate the following transaction was required. 9. Working capital can be defined as a financial analysis which characterizes operation available to a company, organization or other entities such as public and government entities or private (Broody, 2004). Liquidity ratio establishes a relationship between cash and other current asset to n current obligation. In Halliburton company , it has his current ratio which it may leads to idle assets that earn nothing and also may lead to theft in small quantities (Pinto, 2010). 10. For the two recent years (2012 and 2011), are Halliburton company’s assets where financed by debtors or the owner’s equity? Explain and

Manging People Essay Example | Topics and Well Written Essays - 1500 words

Manging People - Essay Example It depends upon the manager/ leader how he manages people. Most of the businesses now structure their employees in group and every group has a manager and in more general terms leader. Every group is given a project or a task which is to be accomplished. It is the responsibility of the manager that the project is completed before the deadline and the group is functioning smoothly. Thus the companies' owner or the people who appoint manager should keep several things in mind like the organizational skills of a person, his temperament and his communication skills. To evaluate the best choice amongst candidates the interviewers should conduct a detailed interview. Observation skills can be very helpful in determining the right choice thus the owner should appoint a manager on temporary bases and after the manger proves himself he should be made permanent. Another way of determining if the person appointed is capable is by having discussions with team members under that manager. The owner should ask team members if they are facing any kind of difficulties because of the manger. Thus after thorough evaluation it becomes quite obvious if the person chosen for the job is capable or not. Choosing the right person is so essential that if this decision is made wrong the overall performance of the company can get affected. Characteristics of an Ideal Manager Every characteristic which proves to create solidarity and harmony amongst the team members is an important characteristic. The manager should even have qualities which would enhance motivation and honesty of the team members towards the job and the team members. If a manager is very criticizing or points out tiny mistakes of his team members the effect of it would be that the employee would develop hatred for his manager. Thus instead of discussing projects with manger the team member would start hiding work. Another thing is that if a manger responds brusquely to questions and interruptions the team members would eventually leave you alone. They will not raise problems, they will not question your instructions, and they will struggle on bravely. Your behavior may result in a swamp of errors, unguided activity and absolute dissatisfaction. Then there is motivation a manager should be highly motivating he should have the quality to praise good work and should be habitual of highlighting god work of employees. A manger should always be their to support, encourage and help his team members. These qualities always give a team member an effect that the manager is his friend more then his boss thus loyalty towards work increases. Then there is setting targets a manger should have the capability of setting standards that is dividing a major task into sub tasks. The criterion on which a manger assigns these tasks is very important a manager should be aware of every team member's abilities hence if a manger assigns jobs according to personal capabilities the result would be very effective, quality of the job would be remarkable and all team members would feel satisfied with their jobs. Then there is advancements if a team members is working very hard and still getting no promotion he might get clumsy and the spirit of working would die therefore a