Managing Finance Essay Example | Topics and Well Written Essays - 3000 words

Managing Finance - Essay Example All costs involved in the manufacture of goods needs to be captured by the costing system adopted by a company. The method of such cost capturing depends on the manufacturer’s industry, and the type(s) of products manufactured. The two major methods of costing are (a) Process Costing, and (b) Job Costing (Martin, 2009?). Process costing is the normal method of capturing the cost in most manufacturing industries especially when the products are produced in large numbers using a sequence of repetitive operations. Typically, the products are usually identical and can not be segregated. Under this method, the cost of product is known at the end of any particular manufacturing operation. The cost of each process (or department) is captured using one of the costing techniques. The direct cost attributable to the product is calculated by department, and indirect costs are allocated to the products. Industries typically include textiles, coal, cigarettes, shoes, gasoline, steel, glass, automobiles, gas, water, electricity, etc. Job costing is used for industries where manufacturing takes place against a specific order. This method is useful for tracking the costs of unique products, which are usually manufactured to a specific order. In this costing process, costs are accumulated by jobs, lots, or batches. Industries that use this costing method include shipbuilding, construction projects, large contracts, job printing, etc. Absorption costing is also known as Full Costing. Under this system, all direct manufacturing costs, and all manufacturing overheads (including fixed and variable overheads) are allocated to the products. This costing concept is recommended for external reporting as per Accounting Standards Committee (SSAP 9). The limitation of this system is that the product costs can not be used for internal decision making as they would tend to

Nutrition Essay Example | Topics and Well Written Essays - 750 words - 1

Nutrition - Essay Example Such factors as body weight and secondary complications can help in understanding effectiveness of bariatric surgery for treating obesity. Type 2 diabetes is a significant health problem among obese patients. Empirical studies have been conducted to establish possible results that bariatric surgery has on prevalence of type 2 diabetes among obese people. One of the studies developed its knowledge from existing literature over a range of 16 years and revealed that more than ten percent of reported cases of bariatric surgery resulted in remission of type 2 diabetes among the patients. More than two percent of the involved participants achieved remission of type 2 diabetes because of the surgery. A consideration of body weight management among the patients also demonstrated success. Almost 90 percent of research participants achieved an average of about 56 percent weight loss (Buchwald, 2009). Different procedures for the bariatric surgery also showed significance in effectiveness of th e treatment measure. Biliopancreatic diversion, for instance, led to higher treatment effectiveness than gastric bypass and banding procedures. Bariatric surgery also reported significant effects in managing insulin level in obese patients. The study identified lower percentages of patients who reported significance of the treatment measure. These results are valid because of the longitudinal approach and the many studies and participants that the study considered. This means that a patient has high chances of treating obesity and its associated complications through bariatric surgery. Biliopancreatic diversion is the best of the surgery options (Buchwald, 2009). Gastric bypass surgery is an effective bariatric approach among patients with critical obese conditions. An empirical approach that employed quasi-experimental design observed remission of diabetes among the participants over the six-year period. Prior to the study’s intervention, the patients had persistent diabetes and traditional insulin treatment offered no remedy. The bypass surgery however ensured remission in up to 88 percent of the considered participants, as observed over the study’s duration. Some of the factors that regulate glucose level did not show a significant relationship with weight loss but the patients’ ability to regulate their glucose level improved. Application of the surgical approach is also safe from complications, as the research did not report such adverse effects as excess weight loss, disability, or even death. The patients’ bodies were also able to manage other conditions such as cardiovascular diseases. The research design and its longitudinal approach offer reliability and validity measures. The high rate of effectiveness of the bariatric approach means that it has a high probability of controlling obesity and its secondary conditions such as hypertension (Cohen et. al, 2012). In another empirical study in which researchers sought to explore potential benefits of gastric bypass surgery, similar effects, as observed under mild obese conditions, was noted. The researchers acknowledged scarcity of knowledge on long-term effects of the surgery on severe obesity cases. An experimental study was conducted among on patients who sought and received the surgery, those who sought but could not receive the surgery, and those who did not seek and did not