Financial circumstances Essay Example for Free

Financial circumstances Essay The company was a well growing established retailer industry in the market, how ever due to the scandal charges against Wickes. This caused a lot damage to company itself, it gave Wickes a bad status in the market and also they were black listed which meant that the company had a poor financial history so therefore in the future they will be refused on credit products and any other kind of financial circumstances. On the same day the company got black listed which was on the 25th June 1996, the announcement of the scandal was exposed to the public. The announcement of the scandal instantaneously affected the companys market value to 150 million pound and the stock was suspended from London market trading. So in order for Wickes to operate the business back to the way it was they refurbished its corporate management and also made emends with any shareholders and suppliers they had. This took the company a good two years of hard development. Bye the end of 1998 the companys profits increased by 653 million pound so therefore sales rise by 27%. They instituted three new stores and redesigned locations to include ornamental and garden commodities. The fraud scandal could have been preventable in many ways, Wickes became aware of this incident when scandal exteriors and auditors thoroughly checked the books and notice the major extensive changes. How ever this could have been notice at an early stage. Wickes could carry out monthly or yearly check ups on transactions account to notice any changes or misappropriate mistakes occurred in the business. Wickes could employee internal audit; internal audit will improve the function of the organisation and consulting action which will be intended to add value to the business, along side meeting the companys objectives. The organisations objectives will be achieved by bringing an efficient approach to evaluate and develop the efficiency of risk management, control and governance processes. Although to bring in an internal audit to check the operation of the business yearly will be expensive. In my opinion I personally think that Wickes will be able to pay for the expense of an internal audit as they are a fast established business which creates good profit. This will be beneficial for the business as a whole. Another suggestion to prevent the scandal could be to have good ethics and standards in place. The following charges which were made on the defendant were producing false statement and giving false information to the auditor (Arthur Andersen), so therefore Wickes could locate a system which contains a principle of governing morality and acceptable conduct. They could do this by producing a code of ethics which all the employees will have to fallow and can not be broken. Therefore the company will have strict rules and have control over their employees. This will help the business to be safe and prevent employee misbehaviour. An additional idea is to direct different position to different individuals; Henry Sweetbaum was the companys former chairman and chief executive. So therefore Wickes could have given two individuals them to positions instead of just giving it to one individual. If they were two individuals directed for them positions then they would have had an inter link with one another jobs and would have been aware of what each one is undertaking. So therefore I personally think that the incident of the scandal would have occurred earlier than later if the former chairman and chief executive roles were given to two individual instead of just one. In conclusion I personally think that the fraud scandal which arose in 1996 for Wickes was a huge turn around for the company and now due to this incident they will be more careful now in the future. Wickes will be more alert and aware of how to minimise the risks and the prospect which occur in a scandal. Referencing  http://www.telegraph.co.uk/htmlContent.jhtml?html=/archive/1996/10/17/cwick17.html

Professional development as an occupational therapist

Professional development as an occupational therapist The concept of reflection in learning is not new. It can be traced back as far as Aristotles discussions of practical judgement and moral action in his Ethics (Grundy 1982 cited in Boud et al 2005a P11). In 1933, Dewy stated that there were two kinds of experiential process leading to learning. The first process was trial and error and the second was that of reflective activity which involved the perception of relationships and connections between the parts of the experience.'(Boud et al 2005a P12). He explained reflection as a learning loop, continually feeding back and forth between the experience and the situation. (Boud et al 2005a). In more recent times (1980s), reflective practice has been introduced and divided into three core components: Things that happen to a person, the reflective process that learning has occurred and the action that was taken from this new perspective (Jasper 2003 p2). These can be summarised as experience-reflection-action cycle (ERA) and is a way that learning from experience can be understood and developed. Kolb (1984 cited in Jasper 2003) developed an experiential learning cycle which has been suggested to be the most effective way of learning from our experiences by linking theory to practice: Observation- Something that has happened to you Or that you have done Action Reflection reviewing event or experience in your mind Concept development/theorising- Understanding what happened (Kolbs experiential learning cycle 1984, cited in Jasper 2003 p3) As illustrated, reflection is an important part of the learning loop. Another significant part of reflection is that the process of learning continues so that the learner changes from Actor to Observer, from specific involvement to general analytic detachment creating a new experience to reflect and conceptualize at each stage (Moon 2005 p25). It has been suggested that reflection itself can be identified into two types of ways reflection-on-action and reflection-in-action (Schon 1983). Reflection-in-action is reflecting while doing the action, which occurs subconsciously, instinctively and unconsciously, often seen in the more experienced practitioner who can monitor and adapt their practice simultaneously. Reflecting-on-action involves thinking about action after it has occurred, often seen in novice practitioners who need to step back and think about the situation over in their minds. (Finaly 2004) Another style of reflection is Gibbs reflective cycle. It has characteristics of all other strategies/ frameworks for reflection that have been developed. However, Gibbs cycle stops at the stage of action and therefore does not provide a way to close the cycle or move to reflective practice in terms of taking action (Jasper 2003). This is because Gibbs framework had its foundations from an education context as opposed to a practice one: Description (what happened) Action plan Feelings (if it arose again (what were you what would you do) thinking and feeling) Reflective cycle Conclusion Evaluation (What else could (what was good you have done) bad) Description (what do you make of the situation) Gibbs reflective cycle (1988, cited in Jasper 2003 p77) Chris Johns model of structured reflection was developed in the 1990s. It has gone through many changes and the 1994 version is the easiest to use when beginning reflective practice. Johns says that the model: consists of a series of questions which aim to tune the practitioner into her experiences in a structured and meaningful way. It emerged as a natural sequence through which practitioners explored their experience in supervision (Jasper 2003 p84). The focus of Johns model is about making us aware of the knowledge that we use in practice. This is taken as a core question, which is explored through five cue questions, that are further divided into detailed questions: description of the experience, reflection, influencing factors, could I have dealt with the situation better and learning (Jasper 2003 p85). The framework is presented in appendix one. Many people have defined reflection, Johns (2009 p3) defined reflection as Learning through our everyday experiences towards realising ones vision of desirable practice as a lived reality. It is a critical and reflexive process of self-inquiry and transformation of being and becoming the practitioner you desire to be. Furthermore, Boud et al (2005a p18) suggested that reflection is a form of response of the learner to experience. Where experience is the response of a person to a situation or event e.g. feelings, thoughts, actions and finishes at the time or immediately thereafter. The situation or event could be a course or an unplanned reason in daily life. It could be influenced by something external or an internal or evolve from discomfort. Reid (1993 p305) proposes that reflection is a process of reviewing an experience of practice in order to describe, analyse, evaluate and so inform learning about practice There are many positive uses to reflecting on practice. Johns (2009 p15) suggests that the positive uses of reflection encourages the expression, acceptance and understanding of feelings .He suggests that feelings of negativity can be looked into and turned into positive ones in order to understand future situations and learn new ways of responding. Furthermore he suggests that reflection is empowering, which in the end will lead to desirable practice. Boud et al (2005b p11) suggested that In the case of reflecting on learning, firstly only learners themselves can learn and only they can reflect on their own experiences. Boud et al suggest that teachers can support reflection, but only have access to thoughts and feelings by what individuals decide to reveal about themselves. Therefore the learner is in total control. Secondly, reflection is a purposeful activity directed toward a goal and lastly the reflective process where both feelings and thoughts are interconnected and interactive. Negative feelings, can form major barriers toward learning. Positive feelings and emotions can improve the learning process, keeping the learner on the task and providing a stimulus for new learning. (Boud et al 2005b p11) Reflection can be used to support occupational therapy (O.T) principles and values, continuous professional development (C.P.D), ethical, legal and professional codes of conducts/standards of practice and it has suggested to be a core process competent, essential to O.T practice (Bossers et al 1999 p116). The College of Occupational Therapist incorporate the benefits of reflective practice in their learning strategies (McClure 2004). Reflection aids professional practice and the importance of this ensures high standards of care and is shown in documents such as A Vision for the Future (Department of Health 1993).This is also shown in the Professional Standards of Practice (2007) which states that O.Ts should maintain high standards of competence of knowledge, skills and behaviour (standard 4 professional development and lifelong learning and standard 1 service quality and governance) Ethically, lifelong learning and professional competence (standard 5.4 and 5.1) state that O.Ts shall continuously maintain high standards of knowledge, skills and behaviour and be responsible for maintaining and developing their personal and professional competence. (College of Occupational Therapists 2005). Reflection is also an important part of continuous professional development (Fish Twinn 1997, cited in Martin Wheatley 2008) and is now a requirement for registration to practice, as is evidence based practice which is an ethical and professional imperative (Duncan 2006 p8). The O.T Codes of Ethics states that O.Ts shall be responsible for maintaining evidence of their continuing professional development (College of Occupational Therapists Code of Ethics and Professional Conduct 2005, 5.3) therefore, this can be done through reflection. New learning and continuous professional development depend on how skilfully you can reflect on your and others practice, to gain new insights, see new relationships, make new discoveries and make explicit the new learning that occurs (Aslop 2004 p114). Any new knowledge learnt from the experience will be saved for future reference for when similar situations arise. (Aslop 2004 p115) To demonstrate reflective practice, In the following reflective account, I am going to use Johns model of reflective structure (1994) mixed with Gibbs reflective cycle (1988) and will be reflecting-on-action (Schon 1983). I feel both are extremely valuable models and help to express different ideas/feelings in different ways at different points. Other models I could have used are Goodmans levels of reflection (1984), Bortons development framework (1970) and Fish et al strands of reflection (1991). A mix of both Gibbs reflective cycle with Johns model of structured reflection, will combine theoretical reflection and practice environment. Johns model is helpful in having cue questions. It provides personal awareness of ourselves, our knowledge and actions .It asks what you could do rather than what you will do (Jasper 2003 p98). Gibbs reflective cycle provides a good framework for the reflective process e.g. learning by reflecting on an event and usually away from the scene of practice. It encourages a good description of the situation, looks at feelings and the experience, concludes where other options are considered and if the situation arose again, what you would do differently. The following narrative describes a critical incident that had a significant effect on me which made me stop and think and raised questions. This incident was the role of occupational therapists (O.Ts) within social care and the impact of this upon a service users journey. The names within this narrative have been changed to protect the innocent. The role of O.T and Social worker have been combined within social care producing the title Self Directed Support Practitioners (SDS practitioners) Occupational therapy as a new profession is facing new challenges from the introduction of the Health Professions Council. The council want greater integration of health and social care provision and the College of Occupational Therapists is preparing for these changes by seeking to refocus the organisations of the work of the O.Ts by its strategic document from interface to integration (Dimond 2004 P397). Hence the role of an S.D.S practitioner. Brian was a 60 year old man, who lived in a bungalow on his own; with no outside help e.g. care packages or adaptations. His daughter visited him on regular occasions to take him shopping, to appointments and check on his health. Brian was admitted to hospital due to a fall last year whilst using the toilet. The nearby hospital released him about 2 months ago after he spent a few nights there. His daughter reported that Brian was still having problems with self-care, cooking and general mobility. An S.D.S practitioner and myself carried out a home visit on Brian. We received a referral from Brians daughter regarding his health and ability to perform activities of daily living (ADLs). Upon assessment of Brian, we found that he used the sink (which seemed to be coming off the wall) to aid standing from the toilet. His mobility was generally good but had difficulties raising and lowing himself in and out of the bath and rising his legs over the lip. He had slight problems in the kitchen due to mild arthritis when opening cans and jars, lifting heavy equipment and gripping cutlery. Brians mood and motivation was very low and he seemed angry at life in general. His daughter said she could not cope with looking after Brian anymore and needed help with this. She also seemed very low in mood and appeared stressed. When we assessed Brian, I was unsure and slightly confused how to assess in an S.D.S way. I was thinking about my O.T values and beliefs and how I could incorporate these within the assessment. This would involve me assessing in a holistic way, promoting independence, empowering and motivating him as well as using activity as a therapeutic tool. I was unsure how to implement social work values as they seemed to clash with my own, for example I found it difficult to establish when it would be appropriate to provide care packages. This made me feel extremely confused and concerned that I was not providing the best service for Brian when carrying out the assessment and going against my professional ethics of respecting autonomy (decision-making of service user), beneficence (benefits of treatment against risks and cost), non maleficence (do no harm) and justice (distributing benefits, risks and costs fairly) (Butler Creek 2008) Overall I was trying to achieve independence for Brian with the least amount of equipment and help necessary. When assessing Brian in the bathroom, whilst he was sitting on a bath board and using a grab rail, he managed to lift his legs over the side of the bath and had good sitting balance. His toilet transfers needed support, so we offered a toilet frame to aid this. When assessing his kitchen abilities, Brian struggled to lift heavy pots and pans and filling the kettle. He also had difficulty gripping cutlery and standing for periods of time when preparing food. The S.D.S practitioner suggested meals on wheels to overcome the problems Brian faced in the kitchen. Throughout the assessment Brian was not very happy and laughed at his capabilities. He became very angry when we suggested that he used the equipment provided and he mentioned that he wanted a wet room and why could he not have one of these, as his friends had one fitted not that long ago. We explained sensitively that funding would not allow this and he was very capable of transferring safely with the equipment in place. This made me think about funding and O.Ts values and beliefs, which in turn made me feel unhappy as Brian could not have something he wanted and personally I can understand how comforting and aesthetically pleasing this would be. However installing a wet room could reduce Brains mobility, as he would no longer need to lift legs over the edge of the bath, maintain unsupported sitting balance and therefore would lose those skill. Therefore this idea would go against my O.T and personal beliefs. Also due to funding he was not eligible for such a major adaptation. The outcome of the event was not very good. Brian refused equipment and care packages and became angry. That made me feel sad as I wanted to help Brian, to live an independent life as possible and reduce the dependence upon his daughter. Due to Brian declining the equipment, we had to record and have him sign that he understood the risks of this. Looking back at the event, I feel maybe I could have convinced Brian further to accept the equipment and care packages suggested. Although the care packages conflicted with my O.T and personal values, as they take away independence, skills and the use of activity as a therapeutic tool; I can see a place for these with extremely impaired individuals. In Brians case I would have suggested adapting equipment within the kitchen, such as grips for cutlery, automatic tin openers, a kettle tipper and a perching stool. The emotions I went through during this experience were anxiety, excitement, and inquisitiveness during the start of the event, followed by sadness toward the end. The most important emotion for me was sadness. I feel that I can learn and grow from this, to tackle the situation differently next time. To evaluate, the good aspects of the experience was the enormous opportunities for continuous professional development as the role of O.T continues to grow. I also feel my understanding of O.T, social work, clinical reasoning and inter-personal/professional skills have been developed. I also feel more confident if I were ever to be in this situation again to promote and air my values and beliefs. However, I feel that the role of an S.D.S practitioner causes confusion, loss of role identity and crossing over of professional boundaries. The S.D.S practitioners themselves were not happy with this title and their role which caused problems within multidisciplinary teams. Although I feel not a lot went well, I believe if I had been more confident to contribute my O.T knowledge it would have aided the situation. The S.D.S. practitioner that I was with managed to balance out the professions well, but I feel provision of adapted equipment should have been encouraged. Her style of reasoning was perhaps due to little knowledge of O.T and herself coming from a social work background. I am now more prepared for the role of an S.D.S. practitioner. If carried out again I would definitely gain more insight into the values and beliefs of social workers and be more vocal about my O.T ones. I would have tried to encourage Brian to take the equipment and explained more as to why this was important. Perhaps reasoning with him that it was important for him not to lose his existing skills i.e. use it or lose it. I have learnt that theory; personal, professional standards, values and beliefs, ethics and legal issues often influence practice. I have learnt the importance of reflecting in order to develop myself professionally and personally. My needs in order to develop my professional practice at this stage of my career are huge. I mainly need to develop my knowledge, communication skills, professional skills and clinically reasoning skills. I have also learnt the role which I play within a team and according to Belbins team roles (2010), I am a monitor-evaluator mixed with team worker. This means I try to see all the options and judge accurately, working co-operatively sensitively and diplomatically (Belbin 2010). In general, looking back over the situation, the role of an S.D.S practitioner promotes big ethical issues. In the code of ethics It states that O.Ts can only provided services in which they have been taught to do so (5.1) and that O.Ts shall recognise the need for multi-professional collaboration but not undertake work that is deemed to be outside the scope of O.T. (5.3) (College of Occupational Therapists Code of Ethics and Professional Conduct 2005). Also ethically, are you doing good, doing no harm, promoting autonomy and justice (Butler Creek 2008) by working in such a manner? Am I affecting the service users human rights on freedom of thought, expression or conscience? (article 9 10) (Butler Creek 2008). Other issues that are concerned with S.D.S practitioner work is when working in such a way there is no team liability (every professional is accountable for their own actions and cannot blame the team for negligence which has lead to harm), no defence of inexperience (the patient is entitled to the reasonable standard of care whoever provides the treatment), determination of competence (carried out by competent colleagues or external assessors), refusal to undertake activities outside scope of competence (no O.T should undertake activities which are outside the scope of her professional practice) (Dimond 2004 P112). To conclude, reflection can identify learning needs, and new learning opportunities. It can illustrate ways in which we learn best, differently and new courses of action toward an event. Reflection can help solve problems supporting personal and professional development and offers an escape from general practice. Reflection shows us the cost of our actions, reveals our competences to others and achievements to ourselves. From observations, reflection lets us build on our theory, helping us to make decisions or resolve doubt and empower or release ourselves as individuals (Jasper 2003). However, reflective practice has been criticised for its lack of definition, modes of implementation and its unproven benefit (Mackintosh 1998 cited in Johns 2009 p22). Platzer et al (2000, cited in Johns 2009 p22) noted that students may be opposed to to reflection that would involve talking about themselves. This was also highlighted by Cotton (2001 cited in Johns 2009 p22) who suggests that reflection becomes a type of surveillance, assessment and control. Appendix One Johns Model of Structured Reflection. Core question what information do I need in order to learn through this experience? Cue questions (Jasper 2003) 1. Description of experience Phenomenon Casual Context Clarifying 2. Reflection What am I trying to attain Why did I get involved as I did What were the cost of my actions for: myself, family, patient, colleagues Feelings about experiences Patients feelings How do I know how the patient felt 3. Influencing factors Internal influences on decision-making External influences on decision-making What knowledge influenced decision making 4. How differently could I have dealt with the situation Choices available Consequences of choices 5. learning Feeling about experiences The sense made of this experiences thinking of past and future practice How experience changed my ways of knowing empirics, aesthetics, ethics and personal

Variance Analysis As A Tool For Effective Planning Accounting Essay

Variance Analysis As A Tool For Effective Planning Accounting Essay Abstract This project analysis the significance of variance analysis as a tool for effective planning in flour mills industries the project view planning variance analysis and standard costing primary and secondary are used. The use of primary data was heavily relied upon via questionnaire administered, the research adopt simple percentage in testing research Hypothesis. The finding of the project show the significant variance analysis in providing information to management to meet the objectives of an organisation. On the basis of the findings the projects finally offered some recommendation aimed at improving the efficiency and effectiveness of variance analysis information. table of contents Title page Declaration page Approval page Dedication page Acknowledgement Abstract Table of content Chapter one introduction General background of the study Statement of the problem Objectives of the study Research hypothesis Significance of the study Scope of the study Limitation of the study Definition of key terms Chapter two Literature review Variance analysis The purpose of variance analysis Responsibility for variance Making variance analysis more useful Planning 2.5.1 Types of planning 2.5.2 Long term (strategic) planning 2.5.3 short term (tactical) planning Advantages Disadvantages Standard costing 2.8.1 the basic steps involved in standard costing techniques 2.8.2 objectives of standard costing 2.8.3 the benefits of standard costing chapter three Research methodology Introduction Population of the study Sample size Sampling technique used Method of data collection Method of data analysis Chapter four Introduction Data presentation Data analysis Test of research hypothesis Chapter five Summary Conclusion (findings) Recommendations Bibliography Appendix Chapter one General background of the study introduction The survival of any organisation is dependent upon its decision to achieve its desired objectives. A definitive guide to management decision is information. Manage net need information for planning a2nd control for decision making. Accounting is of great importance to all levels of man agement and without accounting there would be stagnation and confusion which in extreme cases may lead to a complete break down of the system. (Kalu, 2002) in todays business environment, the development and use of information especially management accenting information is a critical factor in the effective management of an organisation. Management inform nation is not only concerned with the provision of financial information about cost and revenve it is also in response to the changing environment involved in the provision of non-financial information about productivity quality and other key success factors for the organisation. To ensure effective use of vaciance /analysis for planning the information provided by the management accounting system must be relevant, timely, complete, reliable, objective and under stardable amongst others. Statement of problem Effective planning of variance analysis has been playing a greater role as a tool of corporate survival especially in the present day complex business environment where having the best information is the key to success. Therefore the problem of the research work includes Non-Implementation variance analysis which may cause in effective planning in the flour mills industries. These problem necessitate the flour mills industries. objectives of the study The following are the objective with the study was conducted. To analysis how variance analysis assist in effective planning, that is how it helps in determining future prospers and objectives. To examines the efficiency and effectiveness of variance analysis. By looking into how it maximized wealth or production and minimizes wastage for the producing of expected out put and achievement of desire objective of the organisation. Research hypothesis For the power of this research, the following hypothesis were formulated and tested, H0 valance analysis would serve as a tool for effective planning. H1 valance analysis would serve a tool for effectine planning Significant of the study The significance of the study includes:- (To provide a successful way in which management would achieve their organisational objective through proper planning and sound control in the process of making decision by careful forecasting of future objective and maximizing or boosting of out put and avoiding or minimizing was tape for the achievement the organisation goals and objectives. Scope of the study/research The scope of the study cover the flour mills industries in Nigeria with particular reference to BUA Flour mills Nigeria Limited, Kano. This company is choose to be the case study out of the flour mills companies in Nigeria. Finding obtained there from were generalized on all flour mills companies in Nigerian. This is due to the fact that they belong to the same industry having Uniform method of preparation or modes as well as being guided by the same law status. Limitation of the study In the course of conducing this research work, making constraints were encounter which is beyond the control of the research due to their intensive nature. And gives the researcher tough time, among of which is sufficient time; inadequate time factors contributed to the smooth running of this researcher work. Also financial constraints is the key factor that contributed major by. Inadequate money given the researcher a very hard time in getting enough data. Other activates such as lecture time assignment and what have you contribution getting enough data for this research work. Definition of key terms Analysis:- this is the detailed study or examination of some thing in order to understand more about it. Decision:-This is a choice or judgment that you make after thinking and talking about what is best thing to do. Efficiency:- The quality of doing something well with no west of time or money. Effective:- This refers to producing the result that is wanted or intended, that producing a successful result. Management:- The act of running and controlling a business or similar organisation. Organisation:- A group of people who from a business etc together in order to achieve a particular aim. Planning:- his is any arrangement for closings using or achieving something in the future. Variance:- This refers to the amount by which some thing changes or is different from something else. Chapter two 2.0 literature review definition 2.1 variance analysis (lucey, 2006). The term variance is revelry used on its own. Usually it is qualified in some way, for example, direct material cost variance, direct labour efficiency variance and soon. The process by which the total difference between standard and actual costs is sub-divided is known as Variance analysis which can be defines The evaluation of performance by means of variances, whose timely reporting should maximises the opportunity for managerial action. (Dandago Tijjani, 2005): variance may be define as the difference between the Actual and standard cost while variance Analysis:- is the process of analyzing variance by sub-dividing the total variance in such a way that management can assign responsibility of off standard performance. Variance arise form differences between standard and actual quantities and / or differences between standard and actual price. These are the course of variance the reason for the difference have to be established by management investigation. Variance may be adverse, i.e. where actual cost is greater than stranded or they may be favorable i.e where actual cost is less standard. Alternatively they may be know as minus or plus variance respectively. 2.2 the purpose of variance analysis The purpose of variance analysis is to provide practical pointer to the causes of off-standard performance so that management can improve operations, increase efficiency ultilise resources more effectively and reduce costs it follows that overly elaborate variance analysis which is not under stood, variance that are not acted up on and variance which are calculated too long after the event do not fulfill the centre purpose of standard costing. 2.3 responsibility for variance ideally, variance should be detailed enough so that responsibility can be assigned to a particular individuals for a specific variance. Cost control is made much more difficult if responsibility for a variance is spread over several managers in such circumstances it is all too easy to- pass the back. 2.4 making variance analysis more useful it is not sufficient merely to be able to describe and calculate variance to make variance analysis in to a useful aid to management it is necessary to probe and investigate the variance and the data used to calculate them. Typical questions which should ask are follows. Is there any relationship between the variance? For example, there may be pleasure in observing a favorable material price variance caused by the purchase of a job lot of material, but if this favorable variance is more than offset by adverse used and labour variance caused by the poor quality material, then there is little cause for rejoicing. Can further information than merely the variance be provide for management? Remembers, Variance analysis is but a means to an end. Management task is to find the reason for the variance and to take action to bring operation into line with the plan. Is the variance significant worth reporting? This is an importance matter for both the accountant and the manager and the ways of assessing the significance of variance are death with. Are the variance being reported quickly enough, to the right people in sufficient or two much detail with explanatory notes? 2.5 planning ack off (2001) as cited in Drury (2005) defined planning as the design of a desired future and of effective ways of bringing it about planning is any arrangement for doing, using or achieving something in the future (Dandago Tijjani 2005:p305). It is the establishment of objective and the information, evaluation and selection of the policies, strategies, tactics and actions required to achieve these objectives (KMA)to pandey (2004:) Planning is statement if what should be done, how it should be done, and when it should be done. It is the design of a desired future state of an entity and of the effective ways of bringing it about. Planning establishment enter prises objectives and cletermines the future course of actions for accomplishing of those objectives planning gives manager a warning f possible fature crises and enables him to avoids having to take uncalculated decision. Malomo (1999:2)Planning is a feed forward process to reduce uncertainties about the future the process of p lanning is based on the conviction that management has the capability of planning its activities and conditioning the state of the firm that determines its destiny. The task of planning the firms activities involves the entification of relevant variable controllable and non-controllable (pardey, 1994:8). Kalu (2001) as cited in onah (2001) state a sound planning is that which is capable of achievement, the chances of achievement will be enhance if they people responsible for the execution of the plan can claim collective responsibility of its information. The formulation of the plan relies upon information from many sources, both internal and external to the organisation. Information for planning includes cost and financial data amomst others (lucey 2006) The management account can make a valuable contribution in the planning stage by preparing studies covering past performances, product mix, capital expenditure and by analysing cost-volume profit relationship cash flows etc 2.5.1 types of planning the are basically two types of planning: long term planning and short-time planning. 2.5.1 long term strategic planning sizes (1989) cited in Drury (2000:545) defined long term planning as a systematic and formalized process for purposely directing and controlling future operations towards desired objectives for periods extending beyond one years it the formulation, evaluation and selection of strategies for the purpose of preparing a long term planning of action to attain objectives (ICMA). The span covered by long term plan depends on the organisation, the industry in which it operates and the particular environment involved. The periods involved may be 3, 7, 10 or 20 years. The process of corporate planning is a detailed part of the management. (Lucey 2006). 2.5.3 short term (tactical) planning for operational purpose, it is necessary for the organisation to concert its long range planning to sections, functions and departments. (Lucey 2006) ICMA defines short-term planning as Planning the utilization of resources to achieve specific objectives in the most effective and efficient way. Those part of short term plan that monetary values van be attached becomes budgets (Lukey, 1996:270) this bring the issue of budgeting as an instruments of planning Advantages 2.6 1- The comparison between standard and actual reveals the variation so that management can at once take advantages of prime of exception concentrating its attention upon these factors which have not proceed according to plan. 2- Carefully planned standards are an aid to more accurate budgeting. 3- Variance analysis can provide a way of motivation to managers to achieve better performance. However care must be taken to distinguish between controllable and non- controllable cost in variance reperting. 4- It provides a basic for comparison between one period and another (i.e using common denominator). This is particularly true of that standard cost system which uses as its basis an index figures for comparing other figures with it. 2.7 disadvantage Deciding how to incorporate inflation into planned units cots. Agreeing a short-time labour efficiency standard (currant attainable or ideal). Deciding on the quality of material to be used, because a better quality of material will cost more, bat perhaps reduce material wastage. Estimating material princes where seasonal princes vacation or bulk purchases discount may be significant. 2.8.1 standard costing adeniyi A. Adeniji (2008) sees the word standard cost represents an estimated or a predetermined total cost product permit for an organisation. The process of estimating the total cost of production permit is described as standard costing technique if the estimated total cost of products for a big organisation is based on the total unit produced then; the procedure is described as budgeting system. Standard costing technique therefore represents and integral part of management accounting control technique which will also include budgeting system and responsibility accounting statement. Standard costing technique many either be viewed from the perspective of marginal costing technique or absorbtion costing technique. By relating standard costing technique with marginal costing technique, variance analysis will be determined on the total relevant costs of products excluding fixed over head. But if it is viewed in the context of absorption costing then variance analysis will involve the total cost of product to the organisations. 2.8.2 the basic steps involved in standard costing technique identify the long term corporate objective of a business outfit. determine the short term achievable objective from the corporate objective. conduct a research or a market survey to identify the specific needs of consumers. design a particular product or service that will be used to satisfy the need of the consumer. obtain top management support for the standard costing technique. identify the quality as well as the quality of raw material required in a unit of the product. estimate normal loss in the course of production. identity labour rate per hour together with the standard hour required in producing a unit. 2.8.3 objectives of standard costing to provide a basis for estimating to provide guidance on possible ways of improving performance. to provide a formal basis for assessing performance and efficiency. to assist in setting standards. to control costs by establishing standards and analysis variances. to enable the principle of management by exception to be practised at the detailed operational level. to motivate staff and management. to assist assigning responsibility for adverse variance of (non-performance) in order to correct deficiencies or to maximise the benefit associated with favorable variance. 2.8.4 the benefits of standard costing standard costing provides a consistent base where by performance may be measured on the basic of what an item should cost or how much should have been produced, on the basis of the expected levels of activity. It provides a method whereby labour and overheads can be consistently recovered and charged into stock. It provides of control for buying. Usage and efficient work levels. In setting up standards, management can reappraise activities to ascertain if they are being done in the most effective and efficient way. It creates an atmosphere of cost-consciousness amongst all levels, motivation staff and wokers to see if there is a better way of performing a particular task. By cresting a realistic target, it motivates staff and operatives to achieve or better the standard laid down. It is recognisable method of performance monitoring through variance analysis motivating investigation into causes of shortfall and improving methods and procedures for the future. It provides a recognisable basic for budgeting forecasting planning Chapter three Research methodology 3.0 introduction Methodology is very important aspect in the research project it is a way by which the researcher follows in order to obtain relevant information as regards the research project it will enable the reader to under stand the basic methods and procedure used in acquiring the data for conducting the research work. 3.1 population of the study The population considered or the purpose this researd in work is the flour mills industries. 3.2 sample size a sample is that portion of a population which is studies closed in order to gain some knowledge or make generalization about the population it represents. The sample size for this study is flow mills Nigerian limited kano. 3.3 sampling techniques used the sampling techniques used in the selection of sample for the study is the convince sampling technique. Conveniences sampling is where the researcher simply get information or data conveniently without any land ship, that is he simply choose the closest person, institution or organisation as respondents in order to save time and money. 3.4 method of data collection The method employed in the collection of data for this study is primary and secondary method. Source:- is the texts books, journals, consulted for the purpose of this research work. Primary source:- Questionnaire were used to collect relevant information or data form the case study 3.5 method of data analysis the method the researcher use in analysis the data collected is presentation of data in a tabulation form to permit analysis and inference. And simple percentage is used to test the hypothesis. Chapter four Data presentation, analysis and interpretation 4.0 introduction in the chapter, the researcher would summarized all the data collected through the questionnaire administered and present them in table form to permit analysis and inferences. 4.1 data presentation the research dispatched (14) questionnaire, out of which (11) (73.33%) were returned while (3) (26.67%) were not the questionnaire contained one structured questions and open ended questions. The data would be tabulation and grouped. 4.2 data analysis the data is analysed below: table (1) gender Sex Frequency Percentage Male 9 80% Female 2 20% Total 11 100% Source: Questionnaire Administrated 2009 The above table show that only (2) out (11) respondent are female while () the male are (9). This shows that its gender bras since most of the information would be getting form the males since they are the highest respondents. Q2: Has your company adopt variance analysis as a tool? Table 2: responses Responses Frequency Percentages Yes 11 100% No 0 0% Total 11 100% Source: Questionnaire Administered, 2009 100% say yes while no negative responses. Form the above responses it is apparent that the company is adapting variance analysis as a tool for effective planning in adveing set goals. Q3 Does variance analysis have any significances to management? Table 3 Response Responses Frequency Percentages Yes 11 100% No 0 0% Total 11 100% Scarce: Questionnaire Administered 2009 Obviously, the table above shows that 100% shows that all the respondents answered positively. This implies, variance analysis provide a way of motivation to managements to achieve better performance towards realising the companys objectives. Q4 if yes state the significances Types of significance Frequency Percentages Planning 7 35% Control of operations 5 20% Forecasting cash flows 3 10% Monitoring performance of management 2 5% Cost of ascertainment apportionment and reduction 3 10% Fixing price 4 15% Product costing 6 25 Source: Questionnaire Administered, 2009 These are some of the significance of variance Analysis to management given by the respondents. The above signifies that panning, control of operation, price fixity and product costing are the areas which helps in establishing and administering operational controls to help the effective planning and desired objectives of the company. Q5 Does your company encounter problems in the use variance analysis Responses Frequency Percentages Yes 0 0% No 11 100% Total 11 100% Source: Questionnaire Administered, 2009 It is clear that 100% of the responses are No Implication: it assist management in the evaluation of alternatives and assessing the financial feasibility of proposed course of action. Q6 Does variance Analysis aid in effective planning? Table 6 Responses Responses Frequency Percentages Yes 11 100% No 0 0% Total 11 100% Sources: Questionnaire Administered 2009 Total responses from the above 11(100%) are yes while 0% No. Implication: it is a recognisable method of performance monitoring through variance analysis, motivation investigation into courses of shortfall and improving methods procedures for the achievement of future prospects objectives. Q7 if yes in what ways Table 7: Ways in which it Aids in effective planning Respondent Variance Analysis 7 Setting performance standard 2 Provision of information for effective Planning 4 Cost of products 3 Evaluation of alternative 2 Source: Questionnaire Administered, 2009 These are some of ways it aid in effective planning. Implication: variance analysis, effective planning cost of product the and others, assist in setting performance standard and costing of operation also monitoring performance of management: since they solemnly depends on the implementations variance analysis for the achievement of organisational objectives. Q8 Does variance Analysis information assists management in attaining the companys objectives? Table Responses Responses Frequency Percentages Yes 11 100% No 0 0 Total 11 100% Source: Questionnaire Administered 2009 In view of the table, response were all made favour of Yes (100%) Implication:- It provided the management with information of care full forecasting of future objectives and prospects and means of implementing it for controlling purpose to ensure better performance and to avoid wastage for the advisement of the organisational goals and objectives. Q9 How effective and efficiency variance Analysis serve as tool for effective planning. Responses Responses Frequency Percentages Excellent 6 60% Very Good 5 50% Good 0 0 Weak 0 0 Total 11 11 Source: Questionnaire Administered 2009 Above are the suggestion given by the respondents: Implication: From the stated above, it appears that, the management with the use of variance Analysis it helps tremendously in producing a succeful result intended by the organisation and the qualify of minimaxes wastage of resources for achieving better results and performances. Q10 How could the effectiveness be improve upon:- Responses Suggested Improvement Number of Respondents Effective monitoring 2 Reporting variance quickly 3 Information should be timely, accurate and comprehensive 2 Training staff on Accounting system 1 Profer and adequate Accounting 1 Source: Questionnaire Administered 2009 Above were the various suggestion given by the respondents to improved in the above areas for the betterment of the organisation. Q11 can management achieve their aims without the use of variance analysis information. Table 11 responses Responses Frequency Percentages Yes 0 0 No 11 100 Total 11 100 Source: Questionnaire Administered 2009 It is clear form the table the No has all the responses which 11 (100%). Implication: it is obvious that the management can not improve their performance without the adoption of variance analysis information on the information provided by the Variance analysis for effective and efficiency panning of its activities. Q 12 What advice will give toward making things better: Table 12 Responses Suggestion Number of Respondents Giving required resources and free hand to the Management 1 Training of staff for proper Accounting 2 Adherence to variance and effective cost control 3 Proper account of material and Money should be earned out weekly 1 Sentiment should not form the basis for decision making 1 Strict adherence to costing policies 3 Source: Questionnaire Administered 2007 Implication: The above were the suggestion, and its observed that some areas need improvement and adherence to stated policies for decision making and evaluation of perform ances. 4.3 test of research hypothesis research hypothesis H0: Variance Analysis would not serve as a tool for effective planning. H1: Variance Analysis would serve as tool for effective planning Q Daes variance analysis serve as a tool for effective planning Responses Frequency Percentages Yes 11 100 No 0 0 Total 11 100 Source. Questionnaire administered 2009 From the above 100% respondents say yes while known say No Implication: it quite clear precise that the management rely on the variance analysis who provide practical pointer to the causes of off standard performance so that management can improve operations, increase efficiency, utilise resources more effectively and reduce costs. Therefore alternative Hypothesis (Hi) is accepted that is variance analysis would serve as tool for effective planning Chapter five Summary, conclusion and recommendations 5.1 Summary the aim of the study is to examine the relevance of variance analysis and its facilitation to the effective planning using flour mills as a case study. Variance Analysis is concerned with providing broader for nancial and non-financial information in order to cater to the internal need of an organisation to facilitate effective planning. The evaluation of performance by means of variances, whose timely reporting should maximise the opportunity for managerial action. Variance arise from difference between standard actual quantities and/or differences between standard and actual prices. Those are the causes of variance, the reason for the differences is established by the management investigation. Effective planning is concerned with the designed of a desire future state of an organisation through the use of variance analysis and standard costing techniques. The pr

Hypocrisy of Mr. Garner and Mr. Bodwin in Toni Morrisons Beloved Essay

The Hypocrisy of Mr. Garner and Mr. Bodwin in Toni Morrison's Beloved   In Toni Morrison's novel Beloved, both Mr. Garner and Mr. Bodwin are presented initially as decent men, with views on the black race that differ from all the rest of the white men in the book. The readers first impression of each of these men is favorable. With further reading and thought however, the reader notices more and more details that tend to change their initial impression. By the end of the book both men seem to have lost their appeal. Even though there is very little said against Mr. Garner, and even less against Mr. Bodwin, it seems that Morrison was trying to cause very mixed opinions about each one of these characters. In the end, Mr. Garner seems no less racist than his fellow slave owners, and Mr. Bodwin, though opposed to slavery also appears to be much more racist than he lets on.   Mr. Garner is the owner of Sweet Home, the plantation where Sethe, her family, and others had been slaves before their escape. He is singled out from the rest of the white men right away. When his character is first introduced the narrator speaks of him fighting with other farmers about his slaves being men. "Now at Sweet Home, my niggers is men every one of em. Bought em thataway, raised em thataway. Men every one" he had told other farmers (Morrison 10). With this comment Mr. Garner was fishing for the reaction he loved to hear, "I wouldn't have no nigger men round my wife.", to which he'd retaliate "neither would I, neither would I"(11).   On the surface Mr. Garner is presented as a very admirable man. He "ran a special kind of slavery", Baby Suggs had thought, "treating them as paid labor" (140).   The way... ...s than noble. Both men seem to put on a mightier-than-thou air when in public, and try to appear as non-racist as possible. Yet Mr. Garner owns slaves, an obviously racist act, even if he does allow them more than other slave owners would. And Mr. Bodwin who claims to be against slavery, and has fought to end it, displays in his own house a figure that embodies slavery. It appears that the only difference between other slave owners and Mr. Garner, is that they don't try and hide their racism or pretend they're better than anyone else. Mr. Bodwin does not own slaves, and does not believe in the practice, but he is still racist as we can see from the figure in his house. Which of these is better? Who can say? But most people aren't fond of hipocrits. Works Cited Morrison, Toni. Beloved. Markham, Ontario: Penguin Books Canada Limited, 1987

Wise Children Essay -- English Literature

Wise Children Essay Angela Carter uses a variety of methods and techniques to present events and characters in an interesting way in chapter 1. By using Dora’s voice she is able to express the character’s viewpoint and introduce the reader to the story at a pace and style that not only establishes other characters but from how language is used the reader can create a personality for Dora also. The novel starts with a question to slowly introduce the reader into the idea of the legitimacy and illegitimacy. ‘WHY is London like Budapest? A. Because it two cities divided by a river. Dora uses London to immediately explain how her and Dora live on the ‘bastard side of Old Father Thames’, not just literally but as illegitimate children it is a metaphor for their situation. Carter uses these parallels of the North and South divide to explain how Nora and Dora are from ‘the wrong side of the tracks.’ and can also help the reader to relate and empathise with Dora and Nora’s position. The novel does not follow a chronological timeline, but is a non-linear narrative jumping back and forth between what is happening on the twin’s 75th birthday and events that have taken place in the past. The first main event in the novel is the arrival of the invitation to Melchior Hazards birthday party, not only does it introduce some action, but also other characters into the play and allows Carter to tell the reader some information on Dora’s situation, that Melchior Hazard is her father and who ‘Wheelchair’ is. Carter uses plot very effectively in the first chapter; she offers part of the story and then holds back, when Tristram is showing the video recording, ‘Freeze –frame’. This allows Carter to explain the famil... ...llen’, Dora is mocking the demise of the Hazard family, the once great Shakespearian act reduced to a host on a tacky game show. Dora pours scorn on the idea that the Hazard family are the height of respectability and legitimacy: ‘Speaking of illegitimacy, there was more than a hint of romantic, nay, melodramatic illegitimacy in the Hazard family long before Nora and myself took our first bows’, she breaks down the social barriers between the two families, lowering them to her status by revealing that even families of good reputation hide dark secrets. By the end of chapter 1 different questions gave been raised for the reader that now need answering, these questions create tensions that encourage the reader to find out more. The plot development within the first chapter portray not only the events, but as they are seen through Dora shape her character.

Srinivasa Ramanujan

Srinivasa Ramanujan Ramanujan was born in India to a poor family in Erode, a city in Madras state. His father was a clerk and his mother a deeply religious housewife. None of these facts reflect who Ramanujan really was. He was a brilliant, self-taught mathematician whose ideas caught the attention of some of the prolific mathematicians of his time to include G. H. Hardy. In this short biography we will cover both his life and his contributions to mathematics. As stated earlier, he was born in south India to a poor family but they were still respectable in the community.This gave Ramanujan the opportunity to attend school and begin learning elementary Mathematics. He was quickly realized as a truly brilliant student with most of his talent directed towards mathematics. Interestingly, his family would sometimes take in student boarders and one of them gave him a trigonometry text when he was twelve and he mastered it within a year. In 1903 he was awarded a scholarship to attend the Go vernment College at Kumbakonam. He spent all of his time studying mathematics and ended up failing his other subjects and lost his scholarship and dropped out.He married Janaki in 1909 and acquired a job as a clerk. While the position did not pay much it allowed him much time to concentrate on his research. Ramanujan went to Cambridge in 1914, despite the great strides he made in his work in corroboration Hardy and Littlewood it took a great toll on his body. Ramanujan, being devout to his religion did not eat meat and the lack of quality vegetarian food in England and his long working hours were hard on his body. In 1917, Ramanujan was hospitalized with what was thought to be tuberculosis.While continually working from his hospital bed, he did not show enough improvement to make the trip back to India until 1919. Even with the best medical care available in India, Ramanujan died on April 29, 1920 at the age of 32. Ramanujan’s genius in mathematics is still represented today. His impact on Number Theories, Modular Forms, Statistical Mechanics, and other branches of mathematics have made great contributions not only in math but also in physics and computer science. Ramanujan’s style and methods of mathematics developed from his earlier studies in trigonometry and Carr’s volume of theorems.In his own works, Ramanujan looked for such formulas or identities that he saw in Carr’s works. In his earlier work, when he found a formula or answer he felt to be true by his own mathematical intuition and therefore he provided few proofs for his results. In his works with Hardy, they made great progress in the theory of partitions. â€Å"The partition function p(n); is the function of a positive integer n which is a representation of n as a sum of strictly positive integers. Thus p(1)= 1, p(2)= 2, p(3)= 3, p(4)= 5 ,p(5)= 7, p(6)= 11. (Denbath 628) In some of his last work before his death, Ramanujan discovered what is now known as the Mock Theta Functions. Mock functions are q series with exponential singularities such that the arguments terminate for some power. Srinivasa Ramanujan was a man dedicated to mathematics and had a true love for it. He was also a man entrenched in his religion and a deep commitment to his family. He consistently wanted to improve the education in his community and showed much interest in the poor and orphans who needed help getting an education.With all of the accomplishments and accolades that are attached to his name the truth of who Ramanujan was as a mathematician and a person makes him truly a one of a kind person in history. Works Cited Watkins, Thayer. â€Å"Srinivasa Ramanujan, a Mathematician Beyond Compare. † San Jose University, n. d. Web. 19 November 2012. Debnath, Lokenath. â€Å"Srinivasa Ramanujan (1887-1920) and the Theory of Partitiions of Numbers and Statistical Mechanics a Centennial Tribute. † J. Math. & Math & Sci. Vol. 10 No. 4 (1987): 625-640. Web. 19 Novemb er 2012.

A Regression Model

Introduction A regression model with one explanatory variable is called a Simple linear regression, that is it involves 2 points: single explanatory variable and the response variable which is the dependent variable Y and independent X, in the graph of two axis y and x coordinate and finds a linear function, as precisely as it can to explains the response variable values as a function of the expanatory variables. The term simple means in statistics that the response variable y is related to one predictor x. The linear regression is given as Y=?0+?1 + ? and they are two parameters that are used estimate the slope of the line ?1 and the y- intercept of the line ?0. ? is the error term.Background Linear Regression has played a vital role in assisting in the analysis of medical data. It makes it possible for the recognition and grouping associated multiple factors. It as well also allows the recognition of anticipating related dangerous factors and the counting of dangerous scores for a single person's prediction, this was made possible by English scientist Sir Francis Galton (1822–1911), a family member of Charles Darwin, made sufficiently benefaction to both in the study of genes and in the study of behaviour and mind . He is the one that came with regression and introduced statistics in a study of living organism.In his study the data sets that he regarded persistent was the heights of male parent and male child (father and son). He wanted to find out whether he can predict the height of a male child based on the male parent's height. Glancing at the results and scatterplots of the heights, Galton noted the relationship which was increasing and it was linear. After drawing a line to these results using the statistical tools, he observed that for male parents whose heights were more than the normal, the regression line anticipated male parents whose heights were more than the normal tended to have male children that have less height than the normal and male parents that have a height which is less than the normal tended to have male children that have a height that is more than the normal . Purposes Simple linear regression could be for example be purposefully in the instance of a an association among weight and height, Weight being the dependent variable y measured in kilograms and height being the independent variable x in centimeters, where the expected value of weight at a specified height is (X) = 2X/4 – 45 for X > 100 for example. Because of natural changeability, the weight could differ for example, it might remain normally distributed with a still ? = 4. The change between an experimental weight and mean weight at a specified height is denoted as the error for that weight. To realize the association that is linear, we might take the weight of three personalities at each height and relate linear regression to model the mean weight as a function of height using a straight line, ?(X) = ?0 + ?1X . The most general way to guesstimate the parameters, (pronounced beta not) ?0 and gradient ?1 (pronounced as beta not) is the least squares estimator, which is derived by differentiating the regression model with respect to ?0 and ?1 and solving for ?0 and also solving for ?1. Let (x i , y i ) be the Ith coordinates of Y and X. The least squares estimator, guesstimates the intercept and the slope reducing the residual sum of squared errors ?ei2= ?(y i – ? i)2= SSE where yi is the experiential value and ?i = b0 + b1xi is the estimated regression line and is called the fitted or â€Å"hat† values. The estimates are given by b0 = – b1 then b1 = SSXX / SSYY and where and are the samples means X and Y, SSXX and SSYY being standard deviations and r = r(X,Y) Pearson correlation coefficient. It is also denoted as Pearson's r, the Pearson product-moment correlation coefficient, is a measure of the linear associate amongst two variables X and Y. The Pearson correlation coefficient, r takes a variety of values from -1 to +1. A value of 0 recommends that there is no relationship amongst the variables X and Y. A value greater than 0 recommends a positive relationship that is, as the value of the other variable rises, so does the other variable. Before making use of the simple linear regression it is always vital to follow the steps below:1. Select an explanatory variable which is more possible to make the changes in the response variableBe convinced where the previous quantity for the explanatory variable transpire in the precise same period as the quantity of the respone variablePlot the interpretations on a graph making use of the y axis for the respone variable and the x axis for the predictor variable 4. Analyse the plotted interpretations for a linear outline and for any outliersKeeping in mind that there could be correlation without cause and influence. Importances Simple linear regression is considered to be widely valuable in many real-world applications and practises. Simple linear regression functions by assuming the independent and dependent variables have a association that is linear in the certain set-of-data.As expectations are and outcomes are interpreted, the individual handling the analysing role in a such data will have to be precarious since it has been premeditated before that there may be some variables which hinder minimal changes to occur while others will not consider being seized at a stationary point. Although the concept of linear regression is one that is more composite subject, it still remains to be one of the most vital statistical approaches being used till date. Simple linear regression is important because it has be wildly being used in many biological, behavioural , environmental as well as social sciences. Because of its capability to define likely associations among known variables which are simple independent and dependent , it may have assisted in the fields of finance, economics and trend line in describing major data that have proven to be of crux in the selected areas. Above all simple linear regression is vital since it has provided a clue of what desires to be predicted, more specially in regulatory functions involved in certain disciplines. In spite of the complication of simple linear aggression, it has been recognized to be sufficiently valuable in numerous day-to-day applications of life.