If accounting is to retain any credibility-and without credibility it Essay

If accounting is to retain any credibility-and without credibility it is worthless - its guiding light must be neutrality in - Essay Example The aims of financial account have a very major influence on the way institutions operate, on certain rules and regulations of accounting and accounting practices conducted at the corporate level. The two main goals of accounting policy is to firstly focus upon the importance of accounting systems for the private sector and secondly it is to be utilized by the government sector. Different countries place different level of importance on accounting. There are two kinds of users of accounting and accounting systems, these include the macro and the micro level users. The main difference between these users is the intention of using accounting information, this means that macro level users use it for different purposes and micro level users use it for different purposes (MA, 1997, p.198). Those who are referred to as macro level users include government agencies that uses accounting information for the purpose of economic planning and development. Those who are referred to as micro users are the ones who provide the capital and are given utmost importance in society. Body The two different users and the way they use accounting in different manners is quite evident in the role played by accounting in capital markets. For example in areas such as US and Canada, the system of accounting in these nations is micro user level and the broader aim of the accounting policy is to provide financial statements that are unbiased and fair (Flesher, 2010, p.66). When the emphasis is paid to providing fair and truthful accounting information, the organizations within these nations are expected to disclose their financial transactions in a reliable and credible manner. Transaction conducted by the organizations that follow the micro user level accountancy aims at achieving economic substance rather than conforming to rules and regulations set by the country. Nations that follow the macro user level accountancy system do not operate while aim at achieving fairness in providing accou nting details and information. Traditionally the main aim of accounting has been to safeguard the loss of assets that take place in a secretive manner. This aim of accountancy was obtained by reporting less than the actually amount of assets owned and profit made by an organization. At the domestic level capital markets, the aim of accountancy is to achieve optimum level corporate governance. At the domestic level, those nations that follow micro user accounting systems, the main role of accounts and accountants is to provide reliable accounting information in order to evaluate the performance of the management. Management’s performance is measured through several means and the main way proposed is to how well they keep track of the organizations earning, dividends and cash flows. The main aim of the management is to increase the profit of the organization and for this they end up producing biased accounting reports and due to this there is a need to provide, unbiased and neu tral accounting reports to decrease the conflict between the management and the owners of the business (Wolk, 2001, p.217). There have been ample amount of debate surrounding the impact of accounting on a businesses profits and well being, this have increase the possibility that certain methods of accountancy can be utilized to obtained desired aims and objectives. The aims and objectives that can be obtained include increasing competitiveness of

Expectancy theory in nursing Article Example | Topics and Well Written Essays - 500 words

Expectancy theory in nursing - Article Example There are three components of expectancy theory, which are expectancy, valence, and instrumentality. In expectancy, the belief is that the efforts of an individual’s determine their attainment of desired performance and goals. To do so, the individuals have to develop their self-efficacy by assessing whether they have the required skills and knowledge to achieve the desired goals. Goals difficulty occurs when the set goals are set too high or the achievement of the performance expectations are set too hard. This leads to low expectancy especially when the desired results of an individual are un-attainable according to the beliefs of the individual. An individual may also get the perceived control where they believe that there is some degree of control over their expected outcome. If such individuals believe that the outcome is beyond their perceived outcomes, then their ability to influence is low leading to low motivation. In instrumentality, individuals believe that they will receive a reward if they meet the performance expectations set. This may be in form of a promotion, salary increment, or recognition. Valence, on the other hand, is the individuals’ beliefs in the reward of certain outcome. It is based on their goals, motivational factors, and values. Expectancy theory is related to nursing management in that it allows the nurse managers to ensure that their employees are well motivated to maximize on their potential. It ensures that the nurse managers come up with policies to ensure that each successful outcome of the nurses’ performance is rewarded. They ensure that the efforts made by all the nurses will result into attainment of desired goals and objectives (Yoder-Wise, 2014). To do so, the nurses have to have the required belief in their ability to achieve the set goals and ensure that the goals set are not too high for the nurse to achieve. Â