Renewable Energy Sources And Fossil Fuel Consumption

Renewable energy sources and fossil fuel consumption are among the most controversial topics on the news today, and they are among the most highly debated political topics in America. Countries throughout the world are competing to develop the most effective and efficient renewable energy sources in order to replace fossil fuels. The benefits of renewable energy are their fuel source never runs out and their fuel source is natural, as opposed to fossil fuels that are running out and create dangerous pollutants. Currently, the most effective and efficient renewable energy sources--hydroelectric energy, wind energy, geothermal energy, nuclear energy, and solar energy--work by harnessing energy from a different part of the environment and converting it into electricity. Currently, a debate exists over whether or not these energy sources are able to sustain America. The United States of America consists of roughly 132,000,000 houses, millions of stores, and thousands of large buildings (USA). Each of these buildings requires electricity, measured in kilowatt hours, to sustain itself. On average, one house uses 10,837 kilowatt hours every year. This means that the houses alone in America use around 1,435,867,000 kilowatt hours of electricity per year (How Much). This is the same amount of electricity that would be needed to run a large hospital, such as Central Dupage Hospital, for over 76 years (Energy). The amount of energy that America needs every year is massive; itShow MoreRelatedRenewable Energy As A Means Of Reducing The Use Of Fossil Fuels1412 Words   |  6 Pagesdevelopments in renewable energy as a means of reducing the use of fossil fuels OUTLINE Thesis statement: benefits of renewable energy decreaseing the consumption of fossil fuels outweighs its disadvantages. Topic sentences: 1. First of all, renewable energy is more governable than nuclear power. 2. Furthermore, renewable energy is benefit to human in two ways, in particular environmentally friendly, and reducing the consumption of fossil fuels. 3. To some extent, developments in renewable energy need toRead MoreRenewable Energy As A Replacement For Their Energy Needs914 Words   |  4 PagesAmerican families are dependent on fossil fuels for their energy needs. However, the cost associated with fossil fuels is very unstable and has caused many to seek alternative sources. Countless experts think, that alternate source has been realized in the form of renewable energy. These types of energy have shown potential for sustained demands, economic growth, and environmental benefits. Consumers should consider renewable energy as a replacement for their everyday energy needs as they are a better andRead MoreEnergy Consumption And Its Effect On The Environment1660 Words   |  7 PagesIntroduction Energy consumption is universal to all, in spite of the location in the world. Different countries and people consume different amounts of energy at any given time. Energy consumption ranges from small-scale to large-scale uses for different purposes. However, what is common to all despite the amount used is the impact of the consumption that cuts across every region. Among the most fundamental sources of energy used on regular basis, include oil, natural gas, and coal, which are fossil fuelsRead MoreRenewable And Non Renewable Sources Essay1604 Words   |  7 PagesSimply put, energy is â€Å"a driving force behind all socio-economic activities† (Wesseh, Lin, 2016). Therefore energy is highly demanded and various sources must be used in order to meet the market’s needs. Within energy, there are two categories of sources: renewable and non-renewable. Renewable sources being naturally replenishable in the short term and non-renewable sources being exhaustible (Wesseh, Lin, 2016). Non-renewable energy sources include mainly fossil fuels and renewable energy resourcesRead MoreEssay on Renewable Energy: The Switch is Now1504 Words   |  7 Pagesis 2200. The world is going through a fossil fuel shortage. Oil reserves are almost completely consumed and it is becoming impossible to find new fossil fuel sources. Not prepared for this event to occur, The United States, has no alternative options. As a result of the oil shortage, the standard of living deteriorates. Heat in homes, supermarkets full of food, and transportation, all basic necessities taken for granted, will be depleted because fossil fuels are used to power almost everything. TheRead MoreRenewable Energy Is Important For Our Environment1610 Words   |  7 Pagestransition from fossil fuels and coal to renewable sources of energy like solar, wind, hydroelectric, and biofuels in an attempt to reduce carbon emissions, which in turn pollute the environment and contribute to adverse climate change. Even though renewable energy is able to regenerate, does not mean that it has no ecological footprint or that renewable energy is completely sustainable for our environment (Week 14 Energy Use Transportation/Renewable Energy Sources). A renewable source of energy is usuallyRead MoreEnergy, Coal, And Natural Gas1136 Words   |  5 Pages Energy is a fundamental factor to the existence of humans on this planet; without it, modern society would be unsustainable. Consequently, the sourcing and production of energy is a critical global issue that must be addressed. Currently, the most common energy sources are fossil fuels: oil, coal, and natural gas. The consumption of fossil fuels is not sustainable in the long run as the resources are not infinite, and as energy consumption increases, the earth’s natural resources (fossil fuels)Read MoreIndia s Unrealistic For Renewable Energy Essay1399 Words   |  6 Pagesunrealistic for renewable energy to completely replace non renewable energy. Nations should begin to strive towards renewable sources to lower their dependency on fossil fuels. This will give the developing world a competitive option to non renewable sources. I. INTRODUCTION Globalization integrates world economy through capital, investment, and labor markets [1]. It allows for the economic growth of developing countries. Development requires the utilization of resources for energy production. NationsRead MoreShould The Usage Of Non Renewable Source Of Energy Decrease?1241 Words   |  5 Pagesthe Usage of Non-Renewable Source of Energy Decrease? Energy is defined as the ability to do work that can neither be created nor be destroyed, can only be transfer from one form of energy to other. There are many kind of energy such as mechanical energy, potential energy etc. In our daily life we need different types of energy resource in each and every time to do our work such as we need electricity to run our electrical devices, gasoline to drive our vehicle and so on. Energy are produced fromRead MoreRenewable Energy As A Replacement For Their Energy Needs915 Words   |  4 Pageson fossil fuels for their energy needs. However, the cost associated with fossil fuels is very unstable and has caused many to seek alternative sources. Many experts think, that alternate source has been realized in the form of renewable energy. These types of energy have shown potential for sustained demands, economic growth, and environmental benefits. Consumers should consider renewable energy as a replacement for their everyday energy needs as they are a better and more beneficial source of power

diversity as strategy - 7058 Words

www.hbr.org IBM expanded minority markets dramatically by promoting diversity in its own workforce. The result: a virtuous circle of growth and progress. Diversity as Strategy by David A. Thomas Reprint R0409G IBM expanded minority markets dramatically by promoting diversity in its own workforce. The result: a virtuous circle of growth and progress. Diversity as Strategy COPYRIGHT  © 2004 HARVARD BUSINESS SCHOOL PUBLISHING CORPORATION. ALL RIGHTS RESERVED. by David A. Thomas When most of us think of Lou Gerstner and the turnaround of IBM, we see a great business story. A less-told but integral part of that success is a people story—one that has dramatically altered the composition of an already diverse†¦show more content†¦Over the past two years, I have interviewed more than 50 IBM employees—ranging from midlevel managers all the way up to Gerstner and Palmisano—about the task force effort and spent a great deal of time with Ted Childs, IBM’s vice president of Global Workforce Diversity and Gerstner’s primary partner in guiding this change process. What they described was a signiï ¬ cant philosophical shift—from a long tradition of minimizing differences to amplifying them and to seizing on the business opportunities they present. Constructive Disruption David A. Thomas (dthomas@hbs.edu) is a professor of organizational behavior and human resource management at Harvard Business School in Boston. Gerstner knew he needed to signal that diversity was a strategic goal, and he knew that establishing task forces would make a powerful impression on employees. Early in his tenure, Gerstner had convened various task forces to resolve a range of strategic choices and issues. He used the same structure to reï ¬ ne and achieve IBM’s diversity-related objectives. Gerstner and Childs wanted people to un- harvard business review †¢ september 2004 derstand that this was truly something new. IBM had a long practice of being blind to differences and gathering demographic information only to ensure that hiring and promotion decisions didn’t favor any particular group. So this new approach of calling attention to differences, with the hope of learning fromShow MoreRelatedDiversity Management Strategies913 Words   |  4 PagesDiversity management strategies IBM diversity management within the work place As explained by John (2011) IBM is the one of the biggest multinational company they are hires more than 400,000 employees over 200 countries. They recruit scientists, sales professionals, consultants and engineers. Even in the department level there are various background peoples working together for achieve common goal. So the managing several background employees are very important to increase productivity and teamRead MoreSamsung Diversity Strategy9181 Words   |  37 PagesLong Range Planning 40 (2007) 488e504 http://www.elsevier.com/locate/lrp Understanding Samsung’s Diversiï ¬ cation Strategy: The Case of Samsung Motors Inc. Woonghee Lee and Nam S. Lee In 1995, the Korean chaebol Samsung diversified into automobile manufacturing with the establishment of Samsung Motors Inc (SMI). The timing of this venture turned out to be rather unfortunate, as SMI’s first car rolled off the Pusan production line in the middle of the Asian economic crisis. In serious financialRead MoreDiversity Management As A Business Strategy2968 Words   |  12 Pages Research Paper Assignment Diversity Management as a Business Strategy: A Literature Review Emmanuel Emenike Williams Course Name Number: GBUS 817 Instructor: Dr. Adrian Pitariu Date: December 11, 2014 Introduction The face of business has been changing very rapidly from national to global environment over the years through technological advancements (McFarlin Sweeney, 2013, p. 4). Emerging markets in developing countries continue to provide tremendous business opportunities for bigRead MoreDiversity, Diversity And Culture Is The Most Important Strategy That Needs Be Address?1179 Words   |  5 PagesIn international business the topics of diversity and culture is one the most important strategy that needs be address. Making the decision to outsource for profit gain will not necessarily happen if preparation of cultural change is not in place first. What is values and a norms in a company’s country may be offensive to other social groups of people. For example, in Germany lack of attention to diversity and culture had a serious impacts on Walmart’s position. It build frustrations to both theRead MoreStrategies For Managing Diversity At New Jersey1905 Words   |  8 Pagestoday are forced to make a decision on how to manage cultural diversity. To this end, they face three choices: ignore it, minimize it, or leverage it (p. 99). Each decision leads to different strategies for managing diversity that produces different results. This essay presents a specific case involving a workplace cultural conflict, and argues that leveraging cultural diversity through a synergistic approach is the superior strategy. A six-member team based in New Jersey was assembled to developRead MoreCultural Diversity And International Marketing Strategies Essay2023 Words   |  9 Pages The world is made of nations and people who share different values, customs, languages and geographic territories. These diversities, also known as culture, have proven to be the norm that binds or separates them. Carlson and Blodgett (1997) explain culture as different ways, sets of manners and customs that are unique to a society or a group of people. Cultural issues encompass the elements of norms, traditions, materialistic and spiritual of a group of people (Czinkota RonkainenRead MoreUsing Diversity as a Strategy: Allstate Insurance Company1214 Words   |  5 Pagesstruggle more and more with the subject of diversity in the workforce. The latest strategy is to leverage diversity as a competitive business strategy. This paper will evaluate Allstate Insurance Company’s goal setting process and how they have used diversity as a strategy leveraging differences in order to create a competitive advantage in today’s diversified market. It will also discuss Allstate’s competitive advantage with the development of the Diversity Index and recommend what types of high-performanceRead MoreDiversity And Inclusion Are Critical Strategies For Any Organization1320 Words   |  6 PagesDiversity and inclusion are critical strategies for any organization that wants to be successful in business. Organizations cannot expect for diversity and inclusion to appear and work smoothly within the workplace automatically. Diversity and inclusion is a journey that companies must take to reap the rewards of being a truly global business. There are eight steps that organizations can apply to their workplace that will make diversity and inclusion a smooth and fun journey. Organizations can startRead MoreRacial Diversity: A Strategy Toward Success Essay1090 Words   |  5 PagesRacial di versity is the idea of having people of different backgrounds working together for one common foundation. While some may believe that racial diversity is a way to discriminate people but I think that racial diversity helps us in many ways, some are observable and some are imperceptible. I think that racial diversity is a good strategy, it also is a great way to learn about people of diverse cultures and how their principles can operate within one another. The most commonly ignored or unnoticedRead MoreThe Diversity Strategies Of The U.s. Department Of Veterans Affairs3695 Words   |  15 Pagesthe diversity strategies of the U.S. Department of Veterans Affairs (VA) with the objective of supporting its efficacy. Accordingly, this paper organizes this exploration into three correlating sections, the first of which introduces an overview of the Office of Diversity and Inclusion (ODI) within the VA. In addition, this area summarizes the ODI installation of the VA diversity plan. Th is leads to the second exploration section, which outlines specific focus areas of the VA diversity plan

Mission Command Essay Example For Students

Mission Command Essay Outline1 Mission command and its structure2 The importance of decision making for commanders and leaders3 Critical thinking as an integral component of a mission command structure.4 The role of creative thinking in the mission command structure.5 Adrp, analytic and intuitive decision making Mission command and its structure The Army of the USA is land forces (troops) designed to conduct combat operations on land, organizationally separated from the Navy and the Air Force, Marine Corps, transport corps, National Guard, Coast Guard, military police. It is the mission of army to train, organize and equip forces conducting prompt and sustain land operations. To accomplish this mission, it needs mission command. Under the conditions of reforming the system of a mission command structure in the country, when the regulatory, organizational, economic and social foundations of the commanders and leaders have changed significantly, the practice of decision making approach does not fully comply with the principles of socially-oriented leaders at all levels of a critical thinking and creative thinking. It is assumed that this contradiction can be resolved by optimizing the organizational intuitive structure skills of the subject and object of mission command, identifying and taking into account contradictions and the main factors determining the effectiveness of the professional army structure and designing a socially-oriented mission command structure and its analytic decisionmaking and intuitive decisionmaking technology, built with the goals, objectives, the functions, and principles of commanders and leaders management, the charter of the army and the requirements of leaders at all levels. Mission command is the structure that enables commanders to exercise authority and direction. It is built on leaders at all levels including commanders and leaders responsible for decision making, critical thinking, and creative thinking. Its structure is diverse, intuitive, analytic and requires many army skills. Commanders and leaders of mission command are responsible for analytic decisionmaking and intuitive decisionmaking. The importance of decision making for commanders and leaders Thus, the relevance of the mission command is determined by: Ã' hanges in the political and socio-economic situation in the country, the emergence of market relations, critical thinking, and creative thinking that require the availability of competent professional managers in the field of physical culture, mission command, decision making, analytic decisionmaking, intuitive decisionmaking, and sports; the introduction of new legislation regulating the activities of professional club teams in the system of a mission command structure; increased competition in decision-making approach, which requires the adoption of mature management decisions on personnel management, material and financial support of the training process of leaders at all levels; insufficient level of professional competence of commanders and leaders of individual units of the mission command structure for functioning in the conditions of analytic decisionmaking andintuitive decisionmaking. insufficient knowledge of the mission command problem. the developments of intuitive skills, critical and creative thinking, skills of operating adrp have become paramount to the military. Critical thinking as an integral component of a mission command structure. In the decision-making process, critical thinking is defined as intelligent, intuitive, reflexive, analytic thinking aimed at deciding whom to trust and what to do. There is one more detailed definition. Critical thinking is an intellectually ordered process of active and skillful analysis of commanders and leaders, conceptualization, application, synthesis and/or evaluation of information obtained or generated observation, experience, skills, reflection or communication, as a guide for persuasion and action. The common thing in those definitions is the ability to evaluate the information received, the ability to apply decision making. It is one of the integral components of a decision-making approach. The ability to critical thinking should not be raised to an absolute since in this case, it is reborn into hyper-criticism — a position in which any new knowledge is wrong because it contradicts the facts that have already been established by commanders and leaders. .u3ba69a642ab7d50515d0a941b124cf0e , .u3ba69a642ab7d50515d0a941b124cf0e .postImageUrl , .u3ba69a642ab7d50515d0a941b124cf0e .centered-text-area { min-height: 80px; position: relative; } .u3ba69a642ab7d50515d0a941b124cf0e , .u3ba69a642ab7d50515d0a941b124cf0e:hover , .u3ba69a642ab7d50515d0a941b124cf0e:visited , .u3ba69a642ab7d50515d0a941b124cf0e:active { border:0!important; } .u3ba69a642ab7d50515d0a941b124cf0e .clearfix:after { content: ""; display: table; clear: both; } .u3ba69a642ab7d50515d0a941b124cf0e { display: block; transition: background-color 250ms; webkit-transition: background-color 250ms; width: 100%; opacity: 1; transition: opacity 250ms; webkit-transition: opacity 250ms; background-color: #95A5A6; } .u3ba69a642ab7d50515d0a941b124cf0e:active , .u3ba69a642ab7d50515d0a941b124cf0e:hover { opacity: 1; transition: opacity 250ms; webkit-transition: opacity 250ms; background-color: #2C3E50; } .u3ba69a642ab7d50515d0a941b124cf0e .centered-text-area { width: 100%; position: relative ; } .u3ba69a642ab7d50515d0a941b124cf0e .ctaText { border-bottom: 0 solid #fff; color: #2980B9; font-size: 16px; font-weight: bold; margin: 0; padding: 0; text-decoration: underline; } .u3ba69a642ab7d50515d0a941b124cf0e .postTitle { color: #FFFFFF; font-size: 16px; font-weight: 600; margin: 0; padding: 0; width: 100%; } .u3ba69a642ab7d50515d0a941b124cf0e .ctaButton { background-color: #7F8C8D!important; color: #2980B9; border: none; border-radius: 3px; box-shadow: none; font-size: 14px; font-weight: bold; line-height: 26px; moz-border-radius: 3px; text-align: center; text-decoration: none; text-shadow: none; width: 80px; min-height: 80px; background: url(https://artscolumbia.org/wp-content/plugins/intelly-related-posts/assets/images/simple-arrow.png)no-repeat; position: absolute; right: 0; top: 0; } .u3ba69a642ab7d50515d0a941b124cf0e:hover .ctaButton { background-color: #34495E!important; } .u3ba69a642ab7d50515d0a941b124cf0e .centered-text { display: table; height: 80px; padding-left : 18px; top: 0; } .u3ba69a642ab7d50515d0a941b124cf0e .u3ba69a642ab7d50515d0a941b124cf0e-content { display: table-cell; margin: 0; padding: 0; padding-right: 108px; position: relative; vertical-align: middle; width: 100%; } .u3ba69a642ab7d50515d0a941b124cf0e:after { content: ""; display: block; clear: both; } READ: Nuremberg Trials (782 words) EssayAnother facet of critical thinking is gullibility of commanders and leaders. New knowledge is very interesting, it refutes dogmas, and therefore is reliable and analytic. It can be noted that hypercriticism and gullibility converge with each other, because the one who sweeps aside everything new, surprisingly easily perceives everything that corresponds to the intuitive â€Å"tunnel of reality.† But for commanders and leaders of the army, critical thinking is very important if we want to understand what is happening in mission command structure (or at least come close to an understanding of this). The role of creative thinking in the mission command structure. Creative thinking plays just as important role as critical thinking in decision-making approach. Thinking is considered a multifactorial structure, an integrative component of human intelligence. Depending on the levels of generalization of information, the means used for this, the novelty of the results obtained, the degree of intellectual activity, scientists distinguish several types and ways of thinking, one of which is creative thinking which is very important in a mission command structure. The essence of creative thinking of commanders and leaders in the army can be disclosed because of such features: originality and unusual expression of ideas, the desire for intellectual and intuitive novelty in solving the problem, the ability to apply the object (the possibility of its use) under a new angle and produce analytic ideas in an uncertain situation (that is, in the absence of prerequisites for the formation of new ideas in analytic decisionmaking and intuitive decisionmaking). Due to these properties, the prognostic-transformative function of intelligence is realized, the creative activity of the person is carried out in various spheres of its professional and non-professional skills. Not all researches share the idea of the dominant role of innate abilities in the creative self-expression of the individual in the army. According to the research, an ordinary person differs from the well-known personalities not in the lack of creative possibilities but in the ability to identify, support, apply and implement them. Therefore, the question of creating favorable conditions for the disclosure of the creative potential of each person and, in particular, in the process of postgraduate education is legitimate. Creative thinking in the process of decision making depends on the subjective qualities of the individual, which are creative imagination, which makes it a necessary condition for professional creativity, the development of intelligence, which induces a person to reasoning, streamlining knowledge, finding and argumenting his or her own solution to the existing (possible) production of the problem, openness to new knowledge (cognitive openness) as a specialists attitude to new information, experience, ease in the perception of new ideas, professional outlook, which determines the ability to self-reflection of professional knowledge, activity, rationalization or offer of original ideas, etc. Although these qualities are formed throughout the professional life of commanders and leaders, their development can be done purposefully, with the help of new technologies of training in the system of advanced training. Adrp, analytic and intuitive decision making Leaders at all levels of decision making need to apply for analytic thinking. Analytical decision making is assigned to modeling a problem situation in an analytic and logical area: formulas, tables, graphs, legislative acts and instructions in mission command. That information can be used by commanders and leaders to select an intuitive option and develop rules and instructions for its development. The basis of the decision making is a situation that can be described by formalized documentation, which reflects the real state of things in mission command. Another important component for commanders and leaders in the army is adrp. Under the adrp, we understand army design router program. Adrp shows that in the course of decision making, commanders and leaders have the first phase of long and laborious accumulation of information, which includes numerous attempts to solve the problem consciously. The second stage of the adrp is the stage of ripening (incubation). A distinctive feature of this stage is the external absence of visible progress in solving the problem by commanders and leaders. Then the illumination of adrp should be a stage of verification of the correctness of the decision. .ue228c2dfb3f2ad038602d737bdbf2eb0 , .ue228c2dfb3f2ad038602d737bdbf2eb0 .postImageUrl , .ue228c2dfb3f2ad038602d737bdbf2eb0 .centered-text-area { min-height: 80px; position: relative; } .ue228c2dfb3f2ad038602d737bdbf2eb0 , .ue228c2dfb3f2ad038602d737bdbf2eb0:hover , .ue228c2dfb3f2ad038602d737bdbf2eb0:visited , .ue228c2dfb3f2ad038602d737bdbf2eb0:active { border:0!important; } .ue228c2dfb3f2ad038602d737bdbf2eb0 .clearfix:after { content: ""; display: table; clear: both; } .ue228c2dfb3f2ad038602d737bdbf2eb0 { display: block; transition: background-color 250ms; webkit-transition: background-color 250ms; width: 100%; opacity: 1; transition: opacity 250ms; webkit-transition: opacity 250ms; background-color: #95A5A6; } .ue228c2dfb3f2ad038602d737bdbf2eb0:active , .ue228c2dfb3f2ad038602d737bdbf2eb0:hover { opacity: 1; transition: opacity 250ms; webkit-transition: opacity 250ms; background-color: #2C3E50; } .ue228c2dfb3f2ad038602d737bdbf2eb0 .centered-text-area { width: 100%; position: relative ; } .ue228c2dfb3f2ad038602d737bdbf2eb0 .ctaText { border-bottom: 0 solid #fff; color: #2980B9; font-size: 16px; font-weight: bold; margin: 0; padding: 0; text-decoration: underline; } .ue228c2dfb3f2ad038602d737bdbf2eb0 .postTitle { color: #FFFFFF; font-size: 16px; font-weight: 600; margin: 0; padding: 0; width: 100%; } .ue228c2dfb3f2ad038602d737bdbf2eb0 .ctaButton { background-color: #7F8C8D!important; color: #2980B9; border: none; border-radius: 3px; box-shadow: none; font-size: 14px; font-weight: bold; line-height: 26px; moz-border-radius: 3px; text-align: center; text-decoration: none; text-shadow: none; width: 80px; min-height: 80px; background: url(https://artscolumbia.org/wp-content/plugins/intelly-related-posts/assets/images/simple-arrow.png)no-repeat; position: absolute; right: 0; top: 0; } .ue228c2dfb3f2ad038602d737bdbf2eb0:hover .ctaButton { background-color: #34495E!important; } .ue228c2dfb3f2ad038602d737bdbf2eb0 .centered-text { display: table; height: 80px; padding-left : 18px; top: 0; } .ue228c2dfb3f2ad038602d737bdbf2eb0 .ue228c2dfb3f2ad038602d737bdbf2eb0-content { display: table-cell; margin: 0; padding: 0; padding-right: 108px; position: relative; vertical-align: middle; width: 100%; } .ue228c2dfb3f2ad038602d737bdbf2eb0:after { content: ""; display: block; clear: both; } READ: Histories Maladies EssayLeaders at all stages of decision making apply choice, taking into account the interests of each side. In any managerial situation, there are many different analytic and intuitive solutions that satisfy different sides of leaders at all. In the case of partial refusal of one of the commanders and leaders from their interests, a compromise solution is made only if the agreement on the disputable matter is reached. When the opponents apply decisions without skills of adrp, critical thinking as well as creative thinking, then we observe the appearance of conflicting decisions with a risk of open confrontation. To avoid this, leaders at all world apply decisions based on The Professional Military Education.

Positive Accounting Theory and Normative Accounting Theory

Question: What Is Deference between Positive Accounting Theory and Normative Accounting Theory? Answer: Introduction The main purpose of the assignment is to bring out the differences on theories that is, positive accounting and normative accounting (Miller, P. and Power, M., 2013). Accounting is the concept of business that gives executive as well as shareholder a consistent scheme so that they can represent the cash of their corporation in a way where it should be apparent, revealing and dependable in the most appropriate way. Both the theories named as Positive and normative accounting is the theories that essentially help in creating scheme for shareholder as well as executive so that they can use this hypothesis in a particular time. Positive Accounting Theory As stated by Glover (2014), the theory on positive accounting help in examining the real life occurrence and brings out clear facts about the companies who deal with the accounting treatment for different types of transactions. Positive accounting theory views at the real world that consists of transactions and events where the companies need to keep an account on the ongoing events for gaining insights of information on the economic consequences of the accounting decisions. Furthermore, the theory anticipates through use of knowledge on how business actually takes a look on the transactions and events that happen in the future. The theory is based on facts. Therefore, Positive accounting theory deals with identifying the economic statistics and data that is derived at conclusion based on the anticipated figures (Fernando, S. and Lawrence, S., 2014). Normative Accounting Theory As rightly put forward by Deegan (2014), the theory on normative accounting considered as a deductive process that takes place after making the comparison with the positive accounting theory. In that way, the theory starts with the problem recognition and then it goes to specific policies when there need positive start with the application of proper polices and generalization to the higher-level principles. On comparison, it can be stated that normative accounting practices considers as the proper form of value judgment that introduces the subjective morality into accounting practices. It is then when the theory starts executing the process on accounting after deriving at the value based income and bringing out the approaches that are needed by the companies (Deegan, C., 2013). Difference between positive accounting theory and normative accounting theory Positive accounting theory Normative accounting theory The theory is generally predictive and descriptive The theory is purely perspective in nature Positive accounting theory has been explaining as well as predicting the accounting policies Normative accounting theory indicates true representation of income as a single measured that needs to be used for treating the assets for arriving at correct figures (Bonin, H., 2013) Positive accounting theory is grounded in economic theory Normative accounting theory is the theory that takes place at the time of decision-making process where the fundamental objective of potential users is to present the financial reports of a company so that it can analyze the useful accounting data Benefits Positive accounting theory mainly believes in maintaining cordial relationship with the individuals that gets involved in the activities of providing adequate resources in business enterprise and termed as agency relationship (Beattie, V., 2014). The relationship need to be maintained between the owners or managers with the managers or debt providers. Benefits The theory on normative theory is subjective and focuses on detailing on the fact on what are the economic future needs to be for either business enterprise or investor. When to use: The theory on positive accounting can be best used at the time when it is needed to analyze the past financial events and causes that has the ability to involve in business or individual recent monetary standing. Positive accounting theory will guide ways after explaining the reason behind how business enterprise is operating at a net loss as well as there is an urgent implementation of positive accounting theory. This has been done after comparing actual revenue with the actual expenses for specified financial years. Furthermore, the theory can be easily used at the time of preparation of financial documents such as balance sheet and cash flow statements. When to use: The theory on normative accounting can be best used when there is required to set out the future economic policy that depends upon the given theory (Aryee et al. 2015) It is necessary to understand the fact that marketing strategy for a given business organization takes into consideration aspects from the business plans that are mentioned in the normative statements. It is for this reason that normative statements predicts the business ideas when the company require to understand Working together It is important to consider the fact that positive financial planning for any company need to theory on both positive accounting and normative accounting. It is based on the factual practices of the theory on positive accounting as it deals with the basics of attributes where the business engages with the normative accounting that presents an idealistic view. This is regarding the fact on how business start operating as well as still generates revenue from their operations. It was opined by the economist that financial policies are used with the help of analyzing the normative accounting statements. In reality, the normative accounting statements depends upon the financial realities that comes from given positive accounting policies in the most appropriate way For instance When business growth permit company for enhancing the shareholder dividends over the past dividend payments where the theory explains the growth is the cause behind stakeholder dividends. Furthermore, it is the bookkeeping and data collection that merges with the theory on positive as well as economic theory For instance When companies increase in their dividend payment, then it is needed to make use of funds for bringing augmentation of corporate sustainability measures. It is the case when normative accounting theory can be used for representing the money on how much it is invested in the given measures for bringing sustainability of actions. Conclusion From the above analysis, it is accomplished that both the secretarial theories are significant depending upon the circumstances the business faces. To explain, Positive accounting theory tries in creation good forecast in the real world proceedings as well as translates into exact secretarial dealings. On the other hand, normative theories tend to advise what should be done. Entire assignment evidently defines both the assumption, its benefits that give proper insights of facts that when this hypothesis should be used by executive and shareholder. Reference List Aryee, S., Walumbwa, F.O., Mondejar, R. and Chu, C.W., 2015. Accounting for the influence of overall justice on job performance: Integrating self?determination and social exchange theories.Journal of Management Studies,52(2), pp.231-252. Beattie, V., 2014. 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