Types Of Compensation For Employees - 1453 Words

Types of Compensation Natalie A. Szczep August 15, 2015 Intermediate Accounting II Keiser University Abstract There are many different forms of compensation that employers pay to their workers. The accounting treatment of these various forms of pay are different depending on the type, frequency and amounts of compensation due. Each type of compensation also has different disclosures required, advantages and disadvantages based on the accounting rules. The following pages will take a closer look at three forms of compensation: base wages, vacation pay, and bonuses. Salaries expense is the most basic type of compensation to be accounted for. Salary is compensation paid to an employee for services rendered to a company. The entries recorded to pay salaries are entered based on the pay cycle of the company, whether it is weekly, biweekly, monthly or bimonthly, etc. These pay cycles do not always coincide with the issuing of financial statements, and the income statement must show total expenses for that period. Expenses for salaries are accrued, to show that the amounts have been earned, even if the pay date occurs after the end of the accounting period and therefore, the issuing of the income statement (Averkamp, 2015). The accrual for salaries expense is classified as a current liability on the balance sheet per the FASB code 210-10-45-8c (Asc.fasb.org, 2015). So, the accounting treatment and classifications are fairly straightforwardShow MoreRelatedThe Concept of Pay-for-Performance1595 Words   |  6 PagesPay-for-Performance, the effec tive use of this compensation system poses difficulties for the Legal Profession and for other industries that must compete for client dollars. Meaning of pay-for performance Pay-for-Performance is a type of compensation/pay system directly and clearly linking rewards to high performance and based on the Reinforcement Theory premise that what gets rewarded gets done (McNatt, Glassman, McAfee, 2007, p. 29). This approach to compensation has gained in popularity, as the globalRead MoreThe Implementation Of The Apple Company1657 Words   |  7 PagesThe Apple Company satisfies most of its employees using its comprehensive compensation plan that includes all workers irrespective of their positions. To start with, it is among the most profitable companies in the world and it focuses on the manufacturing and designing of software and electronics. Additionally, its most popular hardware devices are iPod, Mac Book, iMac, and iPhone, which make significant contributions to the company’s profits. The software devices that it manufactures are iTunesRead MoreCompensation Of Memorial Hospital Savannah1075 Words   |  5 PagesCompensation Packages- Memorial Hospital Savannah HR is the one responsible of the development of the organization compensation system and of the development of the pay structures, programs and policies.an effective compensation system will be focused on compelling with the law, cost-effectiveness, provide equity in all aspects and enhancement of the organization (Flynn, 2015). Compensation packages can include bonuses, benefits like health insurance, retirement benefits, paid time off, and professionalRead MoreThe three types of Compensation and Benefits1189 Words   |  5 Pages The three types of Compensation and Benefits analyzed through this research are Shared Base Compensation dealing with stock option and restricted stock, Regular Base Compensation and Pension Plans. Laura Santos ACG4111/ Intermediate Accounting II February 2014 Compensation and Benefits comes in many different forms. The major goal for compensation and benefits is to reward employees for services provided by an individual for the benefit of the organizationRead MoreConsiderations for Compensation and Benefits1442 Words   |  6 PagesConsiderations for Compensation and Benefits Abstract Compensation is one of the most important considerations perspective employees will make prior to accepting a job offer. For this reason, another performance of Human Resource (HR) professionals is the compensation analysis. The focus of the analyst in this position is to use strategy in formulating compensation and benefits packages that are attractive and conducive to maintaining talented employees (Editorial Board, 2011). As another criticalRead MoreThe Employee Total Compensation Program1163 Words   |  5 Pages The employee total compensation program in Aflac is competitive with the industry market for the employees (Reed, 2009, p. 3). First, the company has a program referred to as a â€Å"Total rewards program† for the employees of this organization (p. 3). Next, the focus of the Aflac organization derives from the importance on employees through communication (p. 3). To illustrate, the company’s benefits include compensation such as life insurance paid for by Aflac, policy for cancer paid for by AflacRead MoreThree Forms of Compulsory Insurance1031 Words   |  4 PagesThe three main types of compulsory insurance are the Unemployment Insurance Fund, Compensation for Occupational Injuries and Diseases which is amended as Workers’ Compensation and the Road Accident Fund. (Mindset, Online) Workers’ Compensation induces employers to insure their employees who perform certain types of work which is stipulated in the Act against disability as a result of injuri es, occupational diseases or death withstood during the performance of their work. Compensation is paid to theRead MoreEmployee Compensation And Benefits Packages Essay1245 Words   |  5 PagesEmployee Compensation and Benefits Organizations create compensation and benefits packages in order to attract the best talent. In today’s global economy it is imperative that organizations offer compensation packages that are competitive in order to recruit the very best talent in the world. However, in order to be successful, compensation packages must align with business strategies. Authors â€Å"Mathis, Jackson, and Valentine (2014) explain that an effective total rewards approach balances theRead MoreDoc, Docx, Pdf, Wps, Rtf, Odt758 Words   |  4 PagesCompensation Strategy Challenges | * Human resource want to increase the performance, to retain key employees, bring new skilled talents to the company and they want to keep costs under a strict control. * Finding, motivating, developing and keeping employees is a key component of business success * The compensation components cannot be managed discretely, they have to be a part of the overall strategy - the company has to define the competitive compensation strategy.Compensation StrategyRead MoreCompensation and Benefits1695 Words   |  7 Pages | |Compensation and Benefits | |Human Resource Management Coures | | Employee compensation and benefits are critical factors in the new hire acceptance process

Dairy Industry in Pakistan Free Essays

While comparing the value of milk with other cash crops, it was mentioned that milk had a value about 60% higher as compared to both wheat and cotton together. The land of Pakistan is benefited with both irrigated plains through mighty Indus river with its tributaries and desert areas like Scholastic and Thereafter. Pakistan is expended from costal range areas in the south to the alpine pastures in the north and has variability in topography, rainfall, immunity, temperature, plant and animal species, social and cultural heritage. We will write a custom essay sample on Dairy Industry in Pakistan or any similar topic only for you Order Now So Larry development Is not only name to meet ten growing means AT animal protein but for socioeconomic reasons as dairy animals provide regular cash income, economic utilization of family labor, create social security and supply growing markets. Milk production is an extremely labor intensive occupation, however, in many countries of the world including Pakistan, it is the most productive way of converting crop residues and agro industrial wastes into valuable food. But due to biological and technical constrains like shortage of feed, high mortality rate, poor emetic potential etc; socio economic constraints like high input cost, scarcity of sources, inadequate marketing systems, commercial feed industry and policy constraints render this sector undeveloped and truly in a miserable condition. The main objective of this article is to review the potentials, problems and solutions pertaining to dairying in Pakistan. Main features of dairy sector in Pakistan. Dairy industry in Pakistan has similar characteristics, like other developing Asian nations, which include small herd, poor genetic potential of animals for milk, low quality deeds, high risks of epidemics, improper marketing channels, lack of technical man power for dairy industry, high environmental stresses, reproductive failure and high udder abnormalities, orthodox management practices, poor extension services and lack of commercial rations. Despite of all above problems, dairy animals, mainly buffalo and cattle are producing 26. 4 million tones of milk in Pakistan (Agriculture Statistics, 1999-2000). Per capita availability of milk in Pakistan is 82. 4 Keg annually. This quantity of milk provides more than half of the 17. 4 g of animal protein available or each Pakistani daily. But Pakistan still has to import dry milk and other milk products e. G. Butter, cheese, yogurt, cream, whey etc. Every year to fulfill the ever increasing demands for milk and milk products. During year 1999-2000 Pakistan expended about 1213. 5 million rupees of valuable foreign exchange to import the milk and milk products (Agricultural Statistics, 1999-2000). The increasing demands for dairy products are attributed to high population growth rate and rapid arbitration. Population of buffalo and cattle. Pakistan owns about 23. 3 million heads of buffalo Agriculture Statistics 1999-2000). The buffalo population increased about 14. 7% during the last 6 years from 1996 to 2001 in Pakistan. Population trends indicate that their number is likely to further increase in future (Khan, 1998) Punjab, Kinds, NFW and Balloonists provinces contribute 64, 28, 7 and 1%, respectively, to the total buffalo population of the country (Livestock Scenes, 1996). These figures indicate that most of the buffaloes are present in irrigated areas and along riversides of the country. About 60% of the total buffalo stock is, female buffalo stock, of above three years of age. It is estimated that about 8. 7 million heads of buffalo are in milk, remaining either in dry stage or not yet calved. About 0. 42 million buffalo bulls are available either for breeding or for work purposes. According to Economic Survey (1999-2000) of Pakistan about 22. 4 million heads of cattle are available in Fig. 1. How to cite Dairy Industry in Pakistan, Essays

Summary of an Article in Urban Africa for CPTED- myassignmenthelp

Question: Discuss about theSummary of an Article in Urban Africa for CPTED. Answer: The article being summarized, emphasizes on reducing the crimes and violent situations that the urban people of Africa face. According to the author, the crime scenes can be diminished by incorporation and implementation of materialistic change in the houses (Meth 2017). The use of varied materials that have a hyper-permeability is essential to be implemented in the crime prone zones. The primary aim of the paper is to deduce an inference on the materials that can be used and provide a literature of global South for the Crime Prevention through Environmental Design (CPTED). It also highlights the degree at which the materialistic change can affect the crime and violence in Africa. The paper has also explored the qualities of materials that are being used for informal housing by considering the hyper-permeability of the elements. The importance of upgrading houses around the vicinities under consideration, is also covered under the paper. The people are much more vulnerable to violenc e and crime when have a poor housing infrastructure (Patel 2013). The improvement procedure that has been implemented in the setup has also been partially tested. The experiences of the women and children is improved largely by betterment of the elements used for building houses as it decreases the chances of theft, rape and attacks on several levels (Collier and Venables 2014). The house holds that have females as head are more vulnerable to the factors discussed, use of upgraded housing elements reduces such chances (Daniel et al. 2016). The setup that is under the authors focus has been found to be under upgradation, although it is not seen in all areas. Theft in informal housing setups is seen to be less defensible than the formal ones. Several infrastructures that have been upgraded has also been analyzed by the author of the paper. Installation of burglar guards were found to improve visibility in the vicinities, this inculcation facilitated proper surveillance in the crime pr one areas of the country (Collier, Collier and Venables 2014). Prior to the findings, the author came to the conclusion that eradication of the violent scenario in Africa is not possible only by implementation of upgraded housing materials. Violence is influenced by a wider range of factors like politics, economy, and several other social factors and hence these factors should also be improved. References: Collier, P. and Venables, A.J., 2014. Housing and urbanization in Africa: Unleashing a formal market process. Collier, P., Collier, P. and Venables, A. (2014).Housing and Urbanization in Africa. Washington, D.C.: The World Bank. Daniel, M.M., Wapwera, S.D., Omogor, C.O. and Olutunde, E.S., 2016. Formal Housing Sector Reform in Neoliberal Nigeria.International Journal of Built Environment and Sustainability,3(3). Meth, P., 2017. Informal housing, gender, crime and violence: The role of design in urban South Africa.The British Journal of Criminology,57(2), pp.402-421. Patel, K., 2013. A successful slum upgrade in Durban: A case of formal change and informal continuity.Habitat International,40, pp.211-217.