Organizational Behavior Essay - 1086 Words

Introduction The business world has become very competitive and dynamic. In order to be successful in a work environment, organizations must be knowledgeable of what defines organizational behavior. Organizational behavior can help organizations expand, communicate, learn, and develop for better performance in the competitive, vibrant, and ever changing economy we all live in. It is important for organizations to learn the different behaviors, cultures, diversity, communications, effectiveness, and the learning styles that make up the organization and its environment. This paper will define and explain the terminology and concepts of organization behavior through research and examples used within the military. What is Organizational†¦show more content†¦Organizational Culture Organizational culture is a system of shared beliefs and values that develops within an organization and guides the behavior of its members (Schermerhorn, 2005). This is how individuals live, act, and define what normal behavior. Culture is a big influence in an individuals life and decision-making process. The purpose and function of this culture within the military is to help foster internal integration, bring employees from all levels of the organization much closer together, and enhance their performance. An example of an organizational culture within the miiltary is the academy culture. Employees within the military are highly skilled, have been working for the organization for at least 20 years or more due to the outstanding benefits, and motivated for the possibility of promotion. Military personnel practices good organizational culture by providing a stable working environment that allows an employee to utilize current skills and develop new skills. Every organization has their own unique culture that fits their vision and goals. Diversity Diversity is the presence of individual-differences based on national origin, family status, culture, education, employee status, functions, regional origin, religion, gender, race and ethnicity, age, able-bodiedness, and sexual orientation. Having an awareness of how each item contributes to diversity is the first step into understanding diversity. An individual should be open to listen andShow MoreRelatedOrganizational Citizenship Behavior4841 Words   |  20 PagesTable of contents: Page # 1. Literature Review 1 1.1. What are Organizational Citizenship Behaviors (OCBs) 1 1.2. OCB and its link with Organization 3 1.3. How OCB’s are exhibited by employees 4 1.4. Importance of OCB 5 1.5. Effect of OCB on employees 6 2. Introduction to Organization 6 2.1. Allied Bank Limited 7 2.2. Meezan Bank Limited 7 2.3. First Women’s Bank 7 2.4. MCB 7 3. Findings and resultsRead MoreOrganizational Behavior1284 Words   |  6 PagesBachelor of Business Administration (Hons) Course Title : Organizational Behavior Course Code : BUS 250 Year of Study : 2 Number of Credits : 3 credits Duration in Weeks : 12 weeks Contact Hours Per Week : 3 hours Pre-requisite Course(s) : BUS 120 Principles and Practice of Management Course Aims The course provides students with a conceptual and a pragmatic approach to understand the employees’ behavior in the organization. This course equips students with the knowledgeRead MoreOrganizational Behavior1387 Words   |  6 PagesOrganizational Behavior Michael J. Bonnie CJA444 June 5, 2014 Eddie Gordon Organizational Behavior Organizational behavior is the study of how employee’s behavior interacts within an agency’s work environment. It includes many subjects which include sociology, communication, psychology, and management. 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The concept applies in a diverse workplace setting in different ways and had diverse impacts to the organization. Organizational behavior field includes communication, sociology, psychology, and management. The concept is subject to both internal and external factors affectingRead MoreOrganizational Behavior5621 Words   |  23 PagesChapter 1 - The Field of Organizational Behavior Multiple Choice Questions 1. Pharmacia is an example of a company that: a. experienced culture clashes as a result of a merger. b. ignored technological advances to its harm. c. is a great employer in terms of human resources, but an unprofitable company. d. focused on balance sheets rather than human resources. Answer a Page 2 2. _____ is a structured social system consisting of groups and individuals working together toRead MoreOrganizational Behavior And Organisational Behavior2512 Words   |  11 PagesNowadays with the new millennium speeding towards us and competitive advantage more rapidly than ever, organisational behavior is one of the most direct relevance study for deeper understanding of management context. Indeed, it’s about how people organised and managed at work, which contains the study of leadership, motivation and organisational design to examine human behaviour in relation to various psychological, social and political conditions. The purpose of study this subject from regulatory

Impairment of Asset for Cash Generating Units - MyAssignmenthelp

Question: Discuss about theImpairment of Asset for Cash Generating Units. Answer: Loss On Impairment Of CGUS Impairment loss is the difference between the carrying amount and recoverable amount, if carrying amount exceeds recoverable amount. Recoverable amount means the amount which a company can recover by selling its Cash generating units. So, if recoverable amount is less than the carrying amount which is shown in the financial statements of the company. As per IAS 36, every reporting entity should assess the value of its cash generating units so that it should not be more than recoverable amount because it gives wrong impact on the readers of financial statements if recoverable amount is lesser then carrying amount in financial statements. So, it is necessary for the companies to assess their Cash generating units (CGUs) on every reporting date so that the requirements of IAS get fulfilled. An asset cannot be a Cash generating unit if it alone cannot generate revenue for the company. If some assets together can generate revenue for the company, then that all assets together are known as cash generating units. In other words, a single asset can be or cannot be a Cash Generating Unit. It all depends upon the revenue generation to the company. If there is any indication that the value of Cash Generating units has increased then the reversal of impairment of loss is there except goodwill. In other words reversal of impairment loss of goodwill is prohibited. IAS 36 does not allow to impair goodwill because goodwill is an intangible asset. Impairment of Goodwill: On every reporting period value of goodwill should be calculated for impairment purposes.. For testing purpose value of goodwill should be allocated to Cash Generating Units which are expected to benefit from the synergies of the combination. A cash generating unit to which the value of goodwill has been allocated should be tested for impairment atleast annually with the recoverable amount of the unit and if recoverable amount of unit is more than carrying amount then there is no impairment. On the other hand if it is less than carrying amount then impairment is there. For allocating impairment loss of goodwill to the cash generating units, firstly allocation should be made to goodwill and after that other remaining assets of cash Generating units should be impaired. As per IAS 36, if the following indication arises then only impairment should be there: External Sources: Declining of market value Changes in technology which will have negative impact on the working of the company. Rate of interest of market increases Net Assets of the company are more than market capitalization. Internal Sources: There is some damage in the working area of the company. The assets of the company are not been utilized efficiently and are idle. The government conditions got changed which have negative impact on the company. Apart from the above, more factors can be included in the above as they are inclusive factors not exhaustive factors. For calculating impairment loss, we need to calculate recoverable amount. Recoverable amount is that amount which can be realized from the market, if sold. SO, carrying amount in the books should not be art any cost higher than the recoverable amount. Recoverable amount is higher of the Fair market value less cost of disposal and Value in use. Calculating recoverable amount: i) Impairment loss arises if the carrying amount in the books is less than the fair market vaIue and for calculating fair market value we also deduct cost of disposal, if any, then there is impairment loss and it should be recorded in the books. ii) If we cannot calculate fair market value, then recoverable amount will be the value in use. iii) For the assets which are to be disposed of, fair value less cost of disposal is recoverable amount. Fair Value less cost of disposal: As per IFRS 13, fair value has to be calculated and cost of disposal to be deducted. Cost of disposal is the direct assed costs. Value in Use: The method to estimate value in use is as follows: The amount which entity expects that it will be able to earn in the coming future. It is just an expectation. Company has to consider the present value. i.e. The future benefits should be discounted one. The expected future cash flows which company is expected should be realistic one and should also be achievable one. Reversal Of Impairment Loss: The criteria for the reversal of impairment loss are the same as of identifying impairment loss. The reversing conditions are the indications of reversal of impairment loss. The reversal should not be more than what after depreciation value if impairment loss would not be there. Reversal of impairment loss for goodwill is prohibited but as discussed it can be combined with other Cash generating Units for impairment purposes. References: Accounting explained, Impairment of fixed assets, viewed on 21st May 2017, https://accountingexplained.com/financial/non-current-assets/impairment-of-assets. IFRS, IFRS Interpretation committee, viewed on 21st May 2017, https://www.ifrs.org/Current-Projects/IASB-Projects/IFRS-5-Reversal-of-impairment-loss-relating-to-goodwill/Pages/Home.aspx. Investing Answers, Goodwill Impairment, viewed on 21st May 2017 https://www.investinganswers.com/financial-dictionary/financial-statement-analysis/goodwill-impairment-3614. ACCA, Impairment of Goodwill, viewed on 21st May 2017 https://www.accaglobal.com/in/en/student/exam-support-resources/fundamentals-exams-study-resources/f7/technical-articles/impairment-goodwill.html. Deloitte, IAS- Impairment of Assets, viewed on 21st May 2017 https://www.iasplus.com/en/standards/ias/ias36.